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BTC $70,867.07 +0.54%
ETH $2,148.46 -0.32%
BNB $643.41 +0.66%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $471.54 -1.27%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9559 +0.67%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

iat

Mizuho: Mastercard is expected to become a connection layer between cryptocurrency and fiat currency after acquiring BVNK

Investment bank Mizuho stated that after acquiring the stablecoin infrastructure company BVNK, Mastercard is expected to become a "network connector" linking crypto assets with fiat currency systems, further expanding its payment ecosystem.Analysis indicates that stablecoins will not undermine Mastercard's core card payment business; instead, they will serve as an "accelerator" for its network, particularly in areas such as B2B cross-border payments, remittances, and the creator and gig economy, facilitating faster, lower-cost, 24/7 capital flow. Mizuho maintains an "outperform" rating on Mastercard and sets a target price of $666.Analysts believe that in the aforementioned emerging scenarios, the penetration rate of traditional bank cards remains relatively low, and stablecoins are expected to fill this gap, while card payments will continue to serve as the core entry point for consumers. It is reported that Mastercard has agreed to acquire BVNK for up to $1.8 billion. This transaction is seen as an important step in continuing its role as a "network connector," expanding its business into the conversion and settlement between stablecoins and fiat currencies.Against the backdrop of a gradually loosening regulatory environment and traditional payment giants like Visa and Stripe accelerating their layout in stablecoins, stablecoins are becoming an important growth direction for the global payment system.

Iran has put forward five conditions for a ceasefire, stating "accept the conditions first, then negotiate."

According to a report by Press TV, a news channel controlled by the Iranian government, Iranian officials issued a statement mentioning that Iran has responded negatively to the U.S. proposal and insists that the war will only end on Iran's own terms and timeline.The official, who is familiar with the details of the Iranian government, stated that Iran will not allow Trump to decide when the war ends. He also emphasized Tehran's determination to continue defending and inflicting "heavy blows" on the enemy until its demands are met. The official outlined five specific conditions for Iran to agree to end the war, including:A complete halt to the enemy's "aggression and assassination" actions.Establishing specific mechanisms to ensure that war will not be imposed on Iran again.Guarantees and clear definitions of compensation and restoration costs for war losses.Ending the war across all fronts and within the scope of all resistance organizations involved in the region.The international community recognizing and safeguarding Iran's sovereign rights to exercise jurisdiction over the Strait of Hormuz.Iran has communicated to all well-meaning intermediaries that the prerequisite for a ceasefire is the acceptance of all its conditions. The official emphasized, "No negotiations will take place before this," and reiterated that Iran's defensive actions will continue until the aforementioned conditions are met.
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