Spotify will raise its U.S. subscription prices in the first quarter of next year, Reuters reported on Monday, citing a Financial Times story based on three people familiar with the matter.
The planned hike would mark Spotify’s first U.S. price increase since June 2024. The company has already raised prices in several international markets. In August, Spotify said monthly rates would rise to 11.99 euros from 10.99 euros across regions, including South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific.
The company has relied on periodic price increases in recent years to support earnings growth, arguing that its position in the streaming market helps retain subscribers even when costs climb. In the September quarter, Spotify raised the cost of its premium individual plan in more than 150 markets.



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more