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MoonPay has acquired Iron, an API-driven stablecoin infrastructure startup, in a move to enhance its enterprise payment solutions. This marks MoonPay’s second major acquisition in two months, reinforcing its ambition to lead the growing stablecoin payments sector. With Iron’s technology, MoonPay aims to offer businesses instant, low-cost, and borderless stablecoin transactions. The deal mirrors PayPal’s acquisition of Braintree, which helped establish its dominance in credit card processing. “This is our Braintree moment,” MoonPay CEO Ivan Soto-Wright told CNBC. The stablecoin market saw $27 trillion in transactions in 2024, with businesses increasingly adopting blockchain-based payments. MoonPay’s expansion comes amid competition from Stripe, which recently acquired Bridge Network in a $1.1 billion deal. MoonPay, valued at $3.4 billion, reported a 112% increase in net revenue in 2024. Last October, Venmo partnered with MoonPay, enabling its 60 million U.S. users to buy crypto using their Venmo balances. CNBC reporting helped with this article.

Decentralized finance protocol Compound is marching ahead with plans to tap into its competitor Morpho with the launch of new lending vaults on Polygon. The new vaults went live on March 13 at 11:30 a.m. Eastern Time. It comes after a governance proposal aimed at bringing Morpho ( MORPHO )-powered vaults to Polygon ( POL ). Gauntlet and Compound ( COMP ) are launching the new lending vaults with $3 million in incentives – $1.5 million each from Compound and Polygon. While this move has already been a major talking point for COMP holders and the broader DeFi community, the announcement signals a significant shift in the decentralized lending space. Essentially, Compound is transitioning from its own technology stack to Morpho’s infrastructure — a major development in the DeFi landscape. Morpho co-founder and CEO Paul Frambot described the development as a “full-circle moment.” “We’ve come full circle with Compound choosing to build on Morpho. Morpho started as an optimizer on top of Compound before evolving into a fully independent lending primitive. Now, Compound is transitioning to build on Morpho,” Frambot noted. In January, Gauntlet introduced the proposal targeting the new lending vaults on Polygon. The platform viewed the collaboration as a strategy to improve risk controls, accelerate asset listings, and offer a sustainable path forward for Compound. Notably, Compound has seen its market share decline as Aave ( AAVE ) and Morpho grow, with Aave’s v4 seen as an upgrade that would further shrink Compound’s revenue and market size. Using Morpho to generate the yield, criticized by others, is a pathway to benefiting COMP holders, per the governance proposal. Compound will leverage Morpho’s lending infrastructure, Gauntlet’s risk management framework, and Polygon PoS’s low fees and deep liquidity to reshape the on-chain lending landscape. Morpho, which raised $50 million in a funding round backed by Coinbase Ventures and a16z in 2024, currently has a total value locked of over $3 billion. The DeFi giant Aave’s TVL per DeFiLlama is over $17 billion and Compound’s is $2.3 billion .

Investors looking at BMT (British American Tobacco) are faced with a crucial decision—should they trade, hold, or stay away from the stock? Let’s analyze the key factors, market sentiment, and potential price movement to determine whether BMT is currently bullish or bearish. Recent Stock Performance As of March 2025, BMT is trading at €37.77, reflecting a 1.15% increase from the previous trading session. Over the past two weeks, the stock has gained 1.56%, showing some short-term bullish momentum. However, the broader trend is mixed, as BMT has been facing challenges such as regulatory pressures, declining tobacco sales, and ongoing legal issues. These factors make it essential to look deeper into fundamental and technical indicators. Analyst Ratings and Market Sentiment Buy Ratings: 14 Hold Ratings: 12 Sell Ratings: 3 Average Price Target: €39.13 (Potential 3.6% Upside) The analyst consensus suggests a cautious bullish outlook, with most expecting moderate upside potential. The mix of buy and hold ratings indicates that while the stock may not skyrocket, it has some room to grow. Valuation Metrics: Is BMT Undervalued? Trailing P/E Ratio: 23.42 Forward P/E Ratio: 8.87 PEG Ratio (5-year expected): 0.34 Price-to-Sales Ratio: 2.22 A low forward P/E ratio and strong PEG ratio suggest that BMT is potentially undervalued compared to its earnings growth expectations. This could make it an attractive long-term investment, despite short-term volatility. Financial Health & Stability Current Ratio: 0.76 (Suggests liquidity concerns) Debt-to-Equity Ratio: 0.74 (Moderate leverage) EV to EBITDA: 7.33 (Reasonable valuation) EV to Free Cash Flow: 10.33 (Decent cash flow generation) BMT’s debt levels are manageable, but liquidity concerns exist. Investors should watch for any deterioration in cash flow or increased debt burdens. Major Risks & Concerns Legal Issues: A recent Canadian lawsuit caused a 10% stock drop, highlighting regulatory risks. Declining Tobacco Demand: Global trends show a shift away from traditional cigarettes, impacting revenue. Dividend Stability: While BAT has a strong dividend history, financial strain could impact payouts. Bullish or Bearish? Bullish Case: Strong valuation, moderate upside potential, past recovery patterns. Bearish Case: Legal risks, declining industry trends, liquidity concerns. Final Verdict: Hold with Caution For long-term investors, BMT may be worth holding due to its strong valuation metrics and potential recovery from legal setbacks. However, for short-term traders, volatility and legal uncertainties make it less attractive for aggressive trading strategies$BMT

Is the “Fat Protocol Thesis” – the long-held belief that blockchain infrastructure is more valuable than applications – finally dead? Arthur Cheong, CEO of DeFiance Capital, thinks so. He argues the once-popular investment principle has led to overvalued infrastructure projects and relatively undervalued applications that has stifled crypto investment beyond Bitcoin . The Fat Protocol Thesis claimed the primary value of blockchain technology lies in the underlying protocols, not the applications built on top. Cheong points out that successful applications today are reasonably valued at 5x to 15x price-to-revenue ratios, while blockchain infrastructure projects – many of which have seen minimal growth in recent years – boast massively inflated valuations, anywhere from 150x to 1000x price-to-revenue. “The speculative premium that once fueled the crypto infrastructure boom, he suggests, has finally collapsed,” he wrote on X. In other words, the market is waking up, and valuations are starting to make sense. Related: BLUR Token Holders Cry Foul as Price Tanks Despite Ecosystem Growth In 2021, Cheong himself supported the Fat Protocol Thesis, believing it was the dominant investment strategy. However, as the market matures, he now emphasizes real-world adoption. He points to once-hyped Layer 1 tokens like ADA, SOL, DOT, and AVAX. While they once had valuations exceeding $10 billion, many have struggled to sustain long-term growth. Back then, most of these projects raised funds at valuations below $100 million, making them attractive early bets for investors. But those days are likely gone. The “Fat Protocol Thesis” may have served its purpose in the early crypto days, but the market is rapidly evolving. Real value, Cheong argues, comes from actual utility, not just infrastructure promises. Applications that actually get used will naturally command higher multiples – that’s just how markets should work. This shift signals a major turning point in how crypto investments are structured. Related: Ledger Exposes Potential Security Flaw in Trezor Wallets Arthur’s comments reflect a growing sentiment in the market: investors are increasingly focused on utility and adoption rather than infrastructure hype. And for investors, this means a potential shift in where the real value lies. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Dogecoin (DOGE), appears to be on the verge of a significant price rally, with technical indicators signaling a bullish breakout. The Stock RSI indicator suggests momentum is shifting, resembling past breakout points that led to massive price surges. Analysts predict that DOGE could be gearing up for an explosive move upward, with a potential rally of 318% based on historical patterns and market dynamics. Recent price movements show DOGE trading around $0.16760 after pulling back from its recent high near $0.50. Historically, Dogecoin has experienced substantial gains following periods of accumulation, with past rallies reaching 88.29%, 187.46%, and 444.60%. According to analyst Ali Martinez, the Stock RSI indicator is nearing a bullish crossover, indicating that momentum is shifting in favor of buyers. If history repeats itself, DOGE could be on track for another significant breakout.. Market analyst JavonTM1 has pointed out that DOGE recently surged 129% after breaching a critical resistance trendline. He believes that the price could reach $0.6533, representing a potential 318% increase . The coin is currently in a position to confirm another set of higher lows, which could clear the path for further gains. The key resistance levels to watch include $0.24, which could serve as the first major hurdle before higher targets become achievable. Analysts applying Elliott Wave Theory suggest that Dogecoin is in the middle of a bullish impulse wave. Volume spikes indicate increased market participation, which strengthens the possibility of a sustained upward move. Related: Dogecoin ETF Filing Sparks Interest, but Prices Drop Over 12%—What’s Next? Additionally, a curved trendline suggests that DOGE has shifted from a prolonged correction phase into a breakout phase. This structural change in the price movement aligns with previous bullish cycles that resulted in exponential gains. As of press time, Dogecoin is priced at $0.1649 , with a 24-hour trading volume of $1.49 billion. The meme coin has declined by 1.55% in the past 24 hours and 18.39% over the past week. Despite this short-term dip, analysts remain optimistic about its long-term potential. The current market cap of $24.39 billion and a circulating supply of 150 billion DOGE further support the case for continued investor interest and liquidity. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.