XYZ News & Events

Square announced that GOLFTEC has selected Square to power its payments and commerce infrastructure across 200+ US locations. "Built on more than 30 years of precision coaching and cutting-edge swing technology, GOLFTEC chose Square for its ability to seamlessly connect in-center and online commerce operations, bringing the same data-driven standard to its business infrastructure that it has long delivered to golfers," the company said

Block's Cash App announced a feature that allows customers to convert peer-to-peer, P2P, money transfers into installment plans. Customers can now spread the cost of P2P payments over time, giving them greater control over their cash flow when it matters most. "Millions of customers already use pay-over-time features within Cash App for card purchases, and this expansion builds on that existing behavior by extending a familiar experience to more transaction types within the app," said Owen Jennings, Executive Officer and Head of Business, Block. "We're delivering flexibility at every touchpoint where customers are sending and spending their money. We're going to continue down this path to build products that meet our customers where they are, giving them flexible options that fit their everyday financial lives."

Square announced the global launch of Square Restaurant Inventory by MarketMan. "Restaurants shouldn't have to guess when managing one of their most important and controllable expenses," said Morgan Kuntze, Global Partnerships Lead at Block. "Square Restaurant Inventory by MarketMan solves this by bringing forecasting and ingredient-level intelligence directly into the Square platform. Sellers can now confidently translate these insights into tangible improvements: streamlining recipe management, batch prepping, and updating menus. By eliminating the friction of juggling multiple systems and contracts, we're enabling restaurants to operate smarter in a single destination."

Traditional finance is no longer observing the digital asset economy from a distance, it is writing checks in it, listing on Nasdaq alongside it, and building payment rails directly into it. The unifying thread across today's news is institutional commitment: to crypto infrastructure, to on-chain settlement, and to U.S. market access. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.LEGACY ASSET MANAGERS MOVE DEEPER INTO CRYPTO VIA ACQUISITION AND NASDAQ LISTING:The $1.7T asset manager Franklin Resourcesis making a definitive push into active digital management through a structural first for the industry., Franklin has agreed to acquire 250 Digital, the active crypto arm recently spun off from CoinFund, using BENJI tokens, blockchain-based shares of Franklin's own money fund, as payment consideration, forming a new "Franklin Crypto" division and marking the first on-chain M&A settlement in traditional asset management. On the same day, Europe's largest digital asset manager, CoinShares (CSHR),. With $6B in assets under management and a 34% share of the European ETP market, CoinShares now competes on the same exchange as BlackRockand Fidelity, extending the geography of institutional crypto competition directly onto U.S. screens.BLOCK ENABLES AUTOMATIC BITCOIN PAYMENTS FOR FOUR MILLION MERCHANTS:Mainstream merchant adoption received a massive boost as Blockintegrated digital assets natively into its payment ecosystem.how Block has auto-enabled bitcoinpayments for approximately 4M U.S. merchants. This material operational development, coupled with CEO Jack Dorsey's public push to replace certain middle management layers with artificial intelligence, marks a significant shift in the investment story for Block shareholders.SPOT FUND FLOWS AND ETP DISTRIBUTION SIGNAL INSTITUTIONAL PRODUCT DEMAND:Institutional demand for spot products showed renewed strength to start Q2.that U.S. spot funds saw $117.5M in net inflows for bitcoin and $31.2M for ethertoday, led by BlackRock's iShares Bitcoin Trust, which recorded $98.42M in new capital, a constructive demand signal for equities with heavy sector exposure, such as Coinbase. On the distribution side, DeFi Technologiesof its Valour subsidiary to lead Nordic and European ETP expansion, a complementary signal that appetite for regulated crypto exposure products is deepening across both sides of the Atlantic.MINING OPERATOR REDOMICILIATION AND MICRO-CAP COMPLIANCE PRESSURE:Major mining operators are evolving their corporate structures to better serve U.S. investors. Bitfarms., with shares expected to begin trading under the new ticker KEEL on April 6, aligning the company closer to U.S. capital markets and GAAP reporting as it expands its data center strategy. At the micro-cap end of the sector, compliance risk is surfacing as Cango, giving the company a six-month cure period to rectify the deficiency.PRICE ACTION:As of time of writing, bitcoin was trading at $68,813.65, while ether was trading at $2,134.30,.