Crypto today: Coinbase sees BTC rally; Western Union stable card
Key developments in digital assets today include a year-end Bitcoin outlook from Coinbase Institutional, Western Union’s plans for a “stable card” aimed at high-inflation markets, and Strategy’s explanation for establishing a $1.44 billion USD reserve.
Coinbase Institutional projects year-end Bitcoin rebound
Coinbase Institutional said it expects a strong December for Bitcoin and the broader crypto market, citing an expanding global M2 money supply, improving liquidity, and increasing odds of U.S. Federal Reserve rate cuts.
“We think crypto could be poised for a December recovery as liquidity improves, Fed cut odds jump to 92% (as of Dec 4), and macro tailwinds build,” the firm noted in a recent report. Coinbase Institutional previously flagged October “weakness” based on money-supply trends and now anticipates a “December reversal.”
The outlook is consistent with historical seasonality that often sees asset prices rise toward year-end, sometimes referred to as a “Santa Claus rally.”
Bitcoin price compared to a custom M2 Supply Index. Source: Coinbase Institutional
Western Union plans ‘stable card’ to support users in high-inflation economies
Western Union outlined plans to launch a “stable card” as part of its stablecoin strategy to help customers preserve value in countries with elevated inflation. The update was shared by chief financial officer Matthew Cagwin at the UBS Global Technology and AI conference.
Cagwin said the initiative extends the company’s shift beyond traditional cross-border payments and into a broader digital asset roadmap. He highlighted Argentina, where annual inflation has reached 250–300%, noting that remittances can lose a substantial portion of their value within a month.
“Imagine a world where your family in the US is sending you $500 home, but by the time you spend it in the next month, it’s only worth $300,” Cagwin said, adding that the firm sees “good utility” for a stable-value card as an extension of its U.S. prepaid card offering.
Strategy establishes $1.44B USD reserve to address investor concerns, says CEO
Strategy CEO Phong Le said the company raised a $1.44 billion USD reserve to reassure investors during a period of Bitcoin weakness. “We’re very much a part of the crypto ecosystem and Bitcoin ecosystem. Which is why we decided a couple of weeks ago to start raising capital and putting US dollars on our balance sheet to get rid of this FUD,” Le said on CNBC’s Power Lunch on Friday.
On Monday, Strategy announced the reserve, funded via a stock sale. The company said the cash position is intended to cover at least 12 months of dividends, with plans to extend that runway to 24 months.
Le added that while the firm did not anticipate difficulty meeting dividend commitments or the need to sell Bitcoin, speculation had emerged to the contrary. “We just addressed that in eight and a half days we raised $1.44 billion — 21 months’ worth of dividend obligations, and we did it 1) to address the FUD, but 2) to show people that we’re still able to raise money in a Bitcoin downcycle,” he said.
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