Bitcoin drives nearly a third of Q3 revenue for Jack Dorsey’s Block, Kazakhstan to launch $1 billion crypto reserve, and more — TradingView News
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Happy Friday! Bitcoin is still trading above $100,000 after a bruising week of downside volatility, now buoyed by renewed institutional inflows and signs of whale accumulation that, analysts say, suggest confidence is quietly returning to the largest cryptocurrency by market cap.
In today’s newsletter, Jack Dorsey’s Block sees nearly $2 billion in bitcoin revenue in Q3, Kazakhstan plans to launch a $1 billion crypto reserve fund by 2026, JPMorgan says IREN’s AI-cloud expansion is driving long-term upside but a near-term strain on its balance sheet, and more.
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