Crypto & Blockchain Daily Brief Thursday, June 12, 2025

Stripe, a popular payment processing platform, has announced the acquisition of crypto wallet infrastructure provider, Privy. Privy's technology allows users to securely store their digital assets and make transactions through a self-hosted wallet. The acquisition aligns with Stripe's mission to make it easier for businesses to accept payments in various forms, including cryptocurrency. Stripe has been exploring the crypto industry for some time, with the company's CEO expressing interest in supporting digital assets as a payment method. By acquiring Privy, Stripe aims to enhance its capabilities in the crypto space and provide more options for businesses looking to accept digital currencies. Privy's team will join Stripe and work on integrating their technology into the platform. This move is expected to strengthen Stripe's position in the market and attract more businesses that are interested in accepting cryptocurrency payments. The acquisition also reflects the growing trend of mainstream companies entering the crypto industry and adapting to the increasing demand for digital asset solutions. Overall, the acquisition of Privy by Stripe signifies a strategic move to expand the company's offerings in the crypto space and provide more options for businesses and consumers looking to engage with digital assets. It highlights the importance of adapting to the changing landscape of payments and embracing innovative solutions to meet the evolving needs of customers.

Bullish, a crypto exchange platform backed by billionaire Peter Thiel, has filed for an initial public offering (IPO) following a surge in demand for crypto services. The move comes as former US President Donald Trump's recent pivot towards embracing cryptocurrencies has increased interest and investment in the sector. Bullish is seeking to raise $9 billion through the IPO, making it one of the largest listings in the sector. Bullish was launched earlier this year and offers a range of services including cryptocurrency trading, lending, and decentralized finance (DeFi) applications. The platform has gained popularity due to its user-friendly interface and innovative features that cater to both retail and institutional investors. The company's decision to go public is seen as a sign of confidence in the future of the crypto industry and its potential for growth. The IPO filing comes amid a broader trend of increased interest in cryptocurrencies and blockchain technology. Major companies, financial institutions, and governments are all exploring ways to leverage the benefits of digital assets and decentralized systems. Trump's recent endorsement of cryptocurrencies has added further legitimacy to the sector and is expected to drive further investment and adoption. Overall, Bullish's decision to go public reflects the growing mainstream acceptance of cryptocurrencies and the increasing demand for crypto services. The company's IPO is expected to attract significant attention from investors looking to capitalize on the potential of the crypto market and its future growth prospects.

Interactive Strength, a fitness equipment company, aims to raise up to $500 million to purchase FET tokens from Fetch.ai. The move is part of a broader trend where companies are diversifying their balance sheets by investing in cryptocurrencies. Fetch.ai is a decentralized platform that aims to connect digital and real-world economies through AI and machine learning. By acquiring FET tokens, Interactive Strength hopes to benefit from Fetch.ai's technology and participate in the growth potential of the cryptocurrency market. The decision to invest in FET tokens aligns with Interactive Strength's long-term strategy of incorporating cutting-edge technologies into its business. The fitness company sees Fetch.ai as a promising project with the potential to revolutionize various industries through its innovative approach to AI and machine learning. By acquiring FET tokens, Interactive Strength aims to position itself at the forefront of the digital economy and leverage the benefits of blockchain technology. The $500 million fundraising target underscores Interactive Strength's commitment to expanding its investment portfolio and exploring new opportunities in the cryptocurrency space. The company's decision to invest in FET tokens reflects its confidence in Fetch.ai's technology and its potential to drive value for shareholders. Overall, Interactive Strength's move to raise funds for purchasing FET tokens signals its strategic vision to embrace emerging technologies and position itself as a key player in the evolving digital landscape.

The article discusses the price prediction for the cryptocurrency Shiba Inu (SHIB) on June 11. It begins by highlighting the recent price movements of SHIB, noting that the cryptocurrency experienced a slight decline in value. Despite this, the overall trend for SHIB remains bullish, with the coin showing signs of recovery. The article then delves into technical analysis to provide insights into potential price movements for SHIB on June 11. According to the analysis, SHIB is expected to face resistance at the $0.0000095 level. If the cryptocurrency manages to break through this resistance, it could continue its upward trajectory towards the $0.00001 mark. On the other hand, if SHIB fails to surpass the resistance level, it may experience a minor pullback before attempting another rally. The article also mentions that the overall sentiment surrounding SHIB remains positive, with many investors optimistic about the coin's future prospects. Additionally, the upcoming developments and partnerships in the Shiba Inu ecosystem could further boost the price of SHIB in the coming days. In conclusion, the article predicts that Shiba Inu is likely to continue its bullish trend on June 11, with the potential to reach the $0.00001 mark if it successfully breaks through the resistance at $0.0000095. However, investors are advised to closely monitor the price movements and market trends to make informed decisions regarding their SHIB holdings.

The article discusses how Sam Altman’s Worldcoin Network is incorporating native USDC stablecoin and Circle’s cross-chain service into its platform. The Worldcoin Network, led by entrepreneur Sam Altman, aims to create a global identification system that utilizes blockchain technology to issue unique identifiers to individuals worldwide. By partnering with Circle, a company known for its USDC stablecoin and cross-chain interoperability services, the Worldcoin Network hopes to enhance its platform's functionality and accessibility. The addition of USDC stablecoin will enable users of the Worldcoin Network to transact and store value in a stable digital currency, reducing the risks associated with price volatility. This integration will allow users to seamlessly transfer funds across borders and participate in the global economy more efficiently. Furthermore, by leveraging Circle's cross-chain service, the Worldcoin Network will be able to facilitate interoperability between different blockchain networks, enhancing the overall user experience. The collaboration between the Worldcoin Network and Circle represents a significant step towards creating a more inclusive and interconnected global financial system. By combining the unique identification capabilities of the Worldcoin Network with the stability and efficiency of USDC stablecoin and cross-chain interoperability services, the partnership aims to empower individuals worldwide to participate in the digital economy securely and conveniently. This integration demonstrates the growing importance of blockchain technology in revolutionizing the way people interact with financial services and identities on a global scale.