Welcome back to Money Movers. Take a look at shares of E Toro today down more than 5% despite the company reporting a beat on the top and the bottom lines yesterday in its first quarter since going public as yet another crypto name bullish gets set to make its market debut here today. Pricing at 37 now indicated at 70 to 75.Joining us this morning is E Toro CEO Yoni Assia. Yoni, it's good to have you. We don't like to talk about uh father on Mother's Day, but I I have to assume that all of this is sort of u ...

So, thanks to a surge in retail trading activity for both stocks and crypto, it Toro reported strong results in Q2, your firm's first full quarter as a public company. Now, you noted in your earnings call this morning that you are very pleased with the results and you pointed out that it Toro has been a quote pioneer in the crypto space since 2011 because of your passion for blockchain technology. Now, focusing on the crypto elements in your earnings, your CFO noted that the company's net contribution from ...

eToro posts 54% AUA jump, crypto revenue hits $1.9 billion in first earnings report since going public https://t.co/H8iE7gpY1t ...

Group 1 - The core viewpoint of the articles highlights concerns regarding the credibility of the Bank of England's recent interest rate cut amidst persistent inflation pressures, particularly in the services sector and wage growth [1] - Analyst Lale Akoner suggests that the current economic slowdown and weak labor market do not justify the rapid rate cut, advocating for a more gradual approach to monetary policy [1] - There is significant uncertainty regarding whether the Bank of England will continue to lower rates in November, with potential risks of exacerbating inflation if the central bank is perceived as softening its stance on inflation control [1] Group 2 - Key support levels for GBP/USD include the dense trading area at 1.2938 and the April low along with the 61.8% Fibonacci retracement level slightly above 1.2700 [2] - The GBP/USD is currently testing resistance near the June low and the 50% Fibonacci retracement level around 1.3370, with critical resistance zones formed by the 20-day EMA (1.3392) and the 61.8% Fibonacci retracement level (1.3420) [2]

Core Insights - Bullish, a digital asset exchange operator backed by Peter Thiel, is preparing for an IPO on the NYSE with a valuation of approximately $4.2 billion, aiming to raise up to $629 million by offering 20.3 million shares at a price range of $28 to $31 [1][2][3] Financial Overview - As of March 31, 2025, Bullish reported over $3 billion in liquid assets, including 24,000 Bitcoin and 12,600 Ethereum, alongside $418 million in cash and stablecoins [3] - The company experienced significant trading volume growth, with Bitcoin trading volume reaching $108.6 billion in Q1 2025, a 36% increase from the previous year [20] - Bullish's digital asset sales are projected to grow from $72.89 billion in 2022 to $250.2 billion in 2024, with net income shifting from a loss of $4.25 billion in 2022 to a profit of $79.56 million in 2024 [21][24] Market Position and Strategy - Bullish focuses on institutional investors, providing a range of products and services to enhance their operations in the digital asset space [13][19] - The company has expanded its offerings through acquisitions, including CoinDesk in 2023 and CCData in 2024, enhancing its data and information services capabilities [15][17] - Bullish operates under multiple Tier 1 regulatory licenses, ensuring compliance and facilitating a global trading environment [52] Recent Developments - The company has seen a surge in trading volumes and has established a strong market presence, with a reported total trading volume of $758 billion in Q1 2025 [32][35] - Bullish's management team, led by CEO Thomas W. Farley, has a history of creating shareholder value and is focused on sustainable growth [59][60] Shareholder Structure - Major shareholders include Brendan F. Blumer, who holds 36.3% of Class A shares, and Peter Thiel, a significant backer of the company [26][27]

Ethereum is for shipping.Here are 24 things the ecosystem launched, shipped, and scaled over the past few weeks.0/ @RobinhoodApp is now onchain with @arbitrum, bringing Robinhood’s 25M+ retail users closer to Ethereum-powered finance.1/ @base launched Base Pay and the @baseapp, making it easier than ever for millions to join the onchain economy built on Ethereum.The app integrates with @farcaster_xyz and @zora, bringing together identity, payments, creativity and more in one onchain experience.2/ Stablecoin ...

Ethereum is for shipping.Here are 24 things the ecosystem launched, shipped, and scaled over the past few weeks.0/ @RobinhoodApp is now onchain with @arbitrum, bringing Robinhood’s 25M+ retail users closer to Ethereum-powered finance.1/ @base launched Base Pay and the @baseapp, making it easier than ever for millions to join the onchain economy built on Ethereum.The app integrates with @farcaster_xyz and @ourzora, bringing together identity, payments, creativity and more in one onchain experience.2/ Stablec ...

Core Insights - Coinbase is optimistic about its derivatives business roadmap, having recently launched its first perpetual contract product for U.S. retail users, with trading volume doubling week-over-week and significant growth in open interest [1][18] - The company is focusing on enhancing liquidity and trading volume in the short term, rather than immediate profitability, with plans to provide further details on revenue contributions in upcoming quarters [1][18] - Coinbase emphasizes collaboration with traditional financial institutions like Visa and Mastercard rather than competition, while also acknowledging the competitive landscape posed by decentralized protocols [1][9] Derivatives Business - Derivatives trading accounts for 75% of the cryptocurrency market, with over 90% of this activity occurring overseas [1][18] - In Q2, Coinbase reported over $1 trillion in derivatives trading volume and a record open interest of $1 billion, indicating significant progress in this area [1][18] Strategic Partnerships - Coinbase is expanding its market reach through partnerships, such as with PNC Bank and Shopify, to provide infrastructure and services to businesses entering the crypto space [5][6] - The company aims to integrate its services into major financial institutions, allowing them to leverage Coinbase's expertise without building their own complex systems [5][14] Stablecoin and Payment Solutions - The stablecoin market has seen rapid growth, with annual transaction volume increasing from nearly zero two years ago to approximately $100 billion [7][10] - Coinbase's payment solutions include a full-stack approach with low transaction fees and partnerships with trusted stablecoin providers like Circle [8][10] Tokenization and Securities - Coinbase is excited about the potential of tokenized securities, which could revolutionize the financial system by enabling real-time settlement and 24/7 trading [3][11] - The company is exploring opportunities in the tokenized securities market, although specific timelines for implementation remain unclear [3][11] User Experience and Security - Following a recent data breach, Coinbase is focusing on improving customer service and security measures, including bringing more processes in-house and investing in automation and AI [19] - The company is also enhancing its customer support infrastructure to better handle user inquiries and improve overall satisfaction [19]

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Tokenized Assets - eToro launched 100 tokenized US equities and ETFs on Ethereum [1] - The industry explores the future potential of tokenized stocks [1]