American restaurant chain Steak ‘n Shake said its nine‑month burger‑to‑Bitcoin strategy has driven same‑store sales growth and a $15 million Bitcoin reserve. Steak ‘n Shake said its same‑store sales have “risen dramatically” since it launched a burger‑to‑Bitcoin strategy in May 2025 that routes every Bitcoin payment into a corporate treasury reserve. In a Monday post on X, the US fast-food chain said that it had successfully combined a “decentralized, cash-producing operating business with the transformative power of Bitcoin,” and thanked Bitcoiners for making it possible. The chain did not provide figures or define what it meant by “risen dramatically.” Steak ‘n Shake began accepting Bitcoin at participating locations on May 16, 2025, in a phased rollout. Read more
TRM Labs says Monero usage remains above pre-2022 levels as darknet markets shift toward XMR, while unusual node behavior may offer investigators network-level clues. Monero activity has remained steady even as major cryptocurrency exchanges have pushed the privacy coin off their platforms, according to new research by TRM Labs. Data shows transaction usage in 2024 and 2025 stayed above levels seen before 2022, suggesting demand did not fade even after many big trading platforms removed or restricted the token over traceability concerns, TRM Labs said. In 2024, major exchanges, including Binance and Kraken, moved to delist or phase out Monero (XMR) over compliance concerns. Pressure increased this year when Dubai’s financial regulator banned privacy coins like Monero and Zcash (ZEC) on licensed platforms in the Dubai International Financial Centre (DIFC). Read more
Japan’s SBI Holdings has signed a letter of intent to buy a controlling stake in Singapore-licensed crypto exchange Coinhako. Japanese financial conglomerate SBI Holdings is moving to deepen its presence in the crypto sector, announcing plans to take a controlling position in Singapore-based exchange Coinhako. In a Friday announcement, the Tokyo-listed firm said its wholly owned subsidiary, SBI Ventures Asset, has signed a letter of intent with Coinhako’s parent company, Holdbuild, to inject capital into the business and purchase shares from existing investors. If completed, the transaction would give SBI Holdings a majority stake and make Coinhako a consolidated subsidiary, subject to regulatory approval. “Bringing Coinhako into the SBI Group as a consolidated subsidiary is not merely an investment in a single platform,” chairman and CEO Yoshitaka Kitao said, describing the acquisition as part of a broader effort to build international infrastructure for digital assets, including tokenized securities and sta...
A global survey of 4,658 crypto users found 39% receive income in stablecoins and 27% use them for payments, with stronger adoption in emerging markets. A global survey commissioned by BVNK and conducted by YouGov found that 39% of crypto users and prospective users across 15 countries receive income in stablecoins, while 27% use them for everyday payments, citing lower fees and faster cross-border transfers as key drivers. The survey of 4,658 respondents, conducted online in September and October 2025 among adults who currently hold or plan to acquire cryptocurrency, found that stablecoin users hold an average of about $200 in their wallets globally, though holdings in high-income economies average around $1,000. It also found that 77% of respondents would open a stablecoin wallet with their primary bank or fintech provider if offered, and 71% expressed interest in using a linked debit card to spend stablecoins. Read more
Polygon briefly surpassed Ethereum in daily fees as Polymarket activity surged, highlighting shifting user demand toward Layer-2 networks. Polygon has posted higher daily transaction fees than Ethereum over the past three days, with an analyst pointing to robust user activity on prediction market Polymarket. According to the latest data from Token Terminal, Polygon raked in $407,100 worth of transaction fees on Friday, compared to Ethereum’s $211,700, with the data indicating this is the first time Polygon has ever flipped Ethereum in daily transaction fees. The gap has since narrowed, with daily transaction fees on Polygon at $303,000 on Saturday, while Ethereum saw about $285,000. Read more
ZeroLend founder “Ryker” says several blockchains the lending protocol operates on are now “inactive,” leading to periods where it has operated at a loss. Decentralized lending protocol ZeroLend says it is shutting down completely after the blockchains it operates on have suffered from low user numbers and liquidity. “After three years of building and operating the protocol, we have made the difficult decision to wind down operations,” ZeroLend’s founder, known only as “Ryker,” said in a post the protocol shared to X on Monday. “Despite the team’s continued efforts, it has become clear that the protocol is no longer sustainable in its current form,” he added. Read more