Draper Associates has invested in Xverse, a self-custodial Bitcoin wallet evolving into a Bitcoin neobank with nearly 2 million users. Xverse offers onchain financial services including Bitcoin staking for yield, borrowing stablecoins using Bitcoin as collateral, and stablecoin payments across Bitcoin Layer 2 networks like Stacks and Starknet. The investment aims to expand these banking features while maintaining user control through self-custody, avoiding intermediaries. Key risks include user responsibility for private keys, smart contract risks, and reliance on developing Layer 2 infrastructure. The next steps will focus on user growth and mainstream adoption of Bitcoin-backed borrowing and payments.
Xverse's Bitcoin neobank development comes as 37 of 50 major cryptocurrencies on Pluang rose today. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 05, 2026 19:01 WIB: XTZ (Tezos) rose 2.97% to Rp5.937 with 74% sell orders, ZIL (Zilliqa) rose 2.76% to Rp64 with 100% buy orders, and XLM (Stellar) rose 2.61% to Rp3.970 with 57% buy orders. This data reflects a broadly positive day for crypto assets on the platform.
Oppenheimer has maintained its Outperform rating on Enphase Energy but lowered the price target from $56 to $55. Enphase Energy, a company specializing in solar microinverters, home batteries, and energy management products, has seen its shares drop ...
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Melius Research upgraded Microsoft stock to Buy with a $665 price target, citing corporate fear of AI driving demand for trusted vendors. Microsoft's Azure growth of 43% and a large backlog of contracted revenue support this view. The upgrade contras...
Wet Ones, a brand known for antibacterial hand wipes, has launched a new campaign called "Just For Hands" in New York City to emphasize that their wipes are intended only for hands. The campaign uses humorous and provocative visuals that create optic...
TD Cowen maintains a 'Buy' rating and $100 price target on Netflix, expecting double-digit revenue growth, margin expansion, and higher free cash flow in coming years. Despite concerns over engagement trends, the firm highlights growth drivers like l...
