JUST IN: 🇺🇸 Fidelity Crypto now allows Bitcoin and crypto deposits/withdrawals 2.5 years after launching https://t.co/pLvDd0VOfD ...

Core Insights - The 2025 tax year is approaching its end, and proactive planning can help reduce tax liabilities and enhance savings [1] - Taxpayers are expected to pay more upfront in 2025 but receive larger refunds in 2026, with an estimated average refund of $3,743, reflecting a 17% increase from 2025 [2] Tax-Saving Strategies - Contributions to retirement plans and college savings accounts must be made by December 31, with a contribution limit of $23,500 for 401(k) or 403(b) plans in 2025, plus an additional $7,500 for those aged 50 or older [4][5] - For individuals aged 73 or older, December 31 is the deadline for taking required minimum distributions (RMDs) to avoid penalties [6] Investment Strategies - Tax-loss harvesting allows investors to sell underperforming assets to offset capital gains, with up to $3,000 of remaining losses applicable to ordinary income each year, and any excess losses can be carried forward [7] - The wash-sale rule, which prevents repurchasing substantially identical investments within 30 days of sale, currently does not apply to cryptocurrencies [8] Itemization Considerations - Less than 10% of taxpayers itemize deductions, but it may be beneficial if deductions exceed the standard deduction of $15,750 for single filers and $31,500 for married couples in 2025 [9]

Ethereum Ecosystem TVL & Market Cap - Ethereum ecosystem TVL has established a floor for ETH's market cap during market downturns [1] - Since 2020, Ethereum's ecosystem TVL grew 16x from $24 billion to $379 billion, while ETH's market cap increased 11x from $47 billion to $502 billion [2] - Ethereum's ecosystem TVL provided visible support at progressively higher levels during the 2022 bear market and April 2025 correction [2] Key Market Sectors & Leading Projects - Three market sectors account for 93% of Ethereum's ecosystem TVL: stablecoin issuers ($189 billion), lending ($82 billion), and liquid & restaking ($73 billion) [3] - Tether has 85% market share among stablecoin issuers, Aave has 62% market share in lending, while Lido & EigenLayer control 73% of the liquid staking category [3] - Capital continues to accumulate in projects that provide users with deep liquidity and battle-tested security [3] Potential for Growth - Ethereum's current ecosystem TVL of $379 billion represents a small share of the market cap of TradFi assets that could be tokenized [4] - BlackRock manages $13.5 trillion in assets, with only $2.9 billion onchain, while Fidelity manages $6.4 trillion, with only $231 million on Ethereum [5] - A 10x increase in ecosystem TVL on Ethereum could be seen over the next few years if institutions follow through on their stated intentions of bringing assets onchain [5] - ETH could see a substantial rerating if more assets are tokenized on Ethereum and the correlation between ecosystem TVL and ETH's market cap continues to hold [5]

Group 1 - Timothy Mellon anonymously donated $130 million to fund paychecks for US Armed Forces during a government shutdown [1] - Andrew Mellon, a prominent figure from the Gilded Age, served as US Secretary of the Treasury and founded Union Steel and acquired Gulf Oil [2] - The Hughes family's wealth originates from Public Storage Inc., which owns 9% of the self-storage space in the US as of 2023 [3] Group 2 - The article ranks the 35 richest families in the US based on estimated net worths from Forbes as of February 2024 [4] - Notable families include the Hearsts, Newhouses, Waltons, and Pritzkers, who built wealth through various industries including publishing, retail, and hospitality [5][6] Group 3 - The Rollins family, through Rollins Inc., owns Orkin, the largest pest control corporation in the US, with the family holding about 40% of the company [7][8] - The Chao family, with a net worth of $14.2 billion, founded Westlake Corporation, a leader in petrochemicals, generating $12.1 billion in revenue in 2024 [9][10] Group 4 - The Haslam family, with a net worth of $14.4 billion, built wealth through the Pilot Company, which is now fully owned by Berkshire Hathaway [11] - The Crown family, with a net worth of $14.7 billion, has diverse holdings through Henry Crown & Company, including ski resorts and manufacturing firms [13] Group 5 - The Stryker family, with a net worth of $15.9 billion, owns 11% of Stryker Corporation, which had sales exceeding $20 billion in 2023 [15][16] - The Meijer family operates a grocery store chain with over 500 locations and an estimated annual revenue of $22 billion [18] Group 6 - The Marriott family, with a net worth of $15.9 billion, owns hotel brands like Sheraton and Ritz-Carlton, with the family holding approximately 16% of the company's shares [20][21] - The Johnson family, with a net worth of $16 billion, has ties to Johnson & Johnson, a global pharmaceutical brand [23][24] Group 7 - The Kohler family, with a net worth of $16.2 billion, has transitioned from manufacturing farm tools to bathroom fixtures, generating $9 billion in revenue in 2024 [25] - The Brown family, with a net worth of $16.5 billion, owns Brown-Forman Corp., known for brands like Jack Daniel's [27] Group 8 - The Dorrance family, with a net worth of $17 billion, controls over 50% of Campbell Soup Company, which generates more than $9 billion in annual revenue [29] - The du Pont family, with a net worth of $18.1 billion, has a long-standing fortune from the chemicals giant DuPont, founded in 1802 [30] Group 9 - The Ziff family, with a net worth of $18.5 billion, grew their wealth through Ziff Davis Inc. and investments via Ziff Brothers Investments [32][34] - The Butt family, with a net worth of $18.8 billion, operates H.E. Butt grocery stores, generating over $46 billion in revenue in 2024 [36] Group 10 - The Taylor family, with a net worth of $19 billion, controls Enterprise Mobility, which reported $35 billion in revenue in the 2023 fiscal year [38] - The Smith family, with a net worth of $19.8 billion, has significant holdings in Illinois Tool Works and Northern Trust [42] Group 11 - The Reyes family, with a net worth of $19.9 billion, leads Reyes Holdings, a major food-and-beverage distributor [44] - The Busch family, with a net worth of $20 billion, has historical ties to Anheuser-Busch, which was fully bought out for $52 billion in 2008 [45] Group 12 - The Hearst family, with a net worth of $22.4 billion, controls Hearst Corporation, a major media conglomerate [47] - The Newhouse family, with a net worth of $24.1 billion, derives wealth from Advance Publications, which owns Condé Nast [49] Group 13 - The Hunt family, with a net worth of $24.8 billion, built their fortune through Hunt Oil Company and various real estate investments [50] - The Lauder family, with a net worth of $25.9 billion, operates Estée Lauder, generating over $15 billion in revenue in fiscal year 2024 [53] Group 14 - The Cox family, with a net worth of $26.8 billion, has diversified interests in cable, media, and automotive industries, generating about $20 billion in revenue annually [56] - The Duncan family, with a net worth of $30 billion, controls Enterprise Products Partners, which has seen its fortune more than double since 2010 [57] Group 15 - The Cathy family, with a net worth of $33.6 billion, operates Chick-fil-A, which remains family-owned and has seen significant growth [59] - The SC Johnson family, with a net worth of $38.5 billion, produces well-known cleaning products and is led by fifth-generation family members [61] Group 16 - The Pritzker family, with a net worth of $41.6 billion, founded Hyatt Hotels and has been involved in various investments and political activities [63] - The Johnson family, with a net worth of $44.8 billion, controls Fidelity, one of the largest mutual-fund companies, generating over $32 billion in revenue in 2024 [66] Group 17 - The Cargill-MacMillan family, with a net worth of $60.6 billion, owns 88% of Cargill Inc., which generated over $160 billion in revenue in 2024 [68] - The Koch family, with a net worth of $116 billion, expanded their father's oil-refinery firm into a conglomerate generating roughly $125 billion in annual revenue [70] Group 18 - The Mars family, with a net worth of $117 billion, operates Mars Inc., which generated over $50 billion in revenue in 2024 [73] - The Walton family, with a net worth of $267 billion, founded Walmart, which reported $648.1 billion in revenue in 2024, making it the largest retailer globally [75]

Core Viewpoint - The emergence of Hunter Point Capital (HPC) signifies a shift in the investment landscape, where investment institutions themselves become the targets of investment, moving from traditional capital investment in companies and projects to investing in General Partners (GPs) [2][4]. Group 1: Hunter Point Capital Overview - HPC, established in 2020, focuses on acquiring minority stakes in GPs rather than investing in companies or funds, raising over $3 billion in just three years [2][10]. - The firm represents a new trend in the asset management industry, where capital is now directed towards the operators of capital rather than the capital itself [2][4]. Group 2: Market Dynamics - The concentration in the global asset management industry has increased, with the top three firms (Vanguard, BlackRock, and Fidelity) controlling 51% of managed assets in 2023, up from 43% in 2013 [3]. - Mid-sized GPs face challenges such as prolonged fundraising cycles and declining management fees, creating a "growth capital vacuum" that HPC aims to address [4][10]. Group 3: Investment Strategy - HPC's strategy is to invest in people rather than projects, acquiring minority stakes in GPs to gain future management fees and performance-based income [12][13]. - The firm provides post-investment support, including fundraising assistance and financial structure optimization, positioning itself as a "Strategic Minority Partner" [16][17]. Group 4: Investment Performance - HPC's investments are designed to yield returns through two main avenues: dividend income from increased management fees and capital appreciation from the GP's brand and asset growth [15][20]. - The firm has invested in eight notable investment institutions, demonstrating its ability to identify GPs at critical expansion points [17][19]. Group 5: Future Outlook in China - The private equity sector in China is experiencing similar challenges, with many mid-sized GPs facing survival anxiety due to fundraising difficulties and market concentration [21]. - There is potential for local institutions to adopt HPC's model of minority stake investment in GPs, although current market conditions and regulatory environments may pose challenges [21].

TVL Growth Leaders - USDCV (Societe Generale) is among the fastest growing RWAs based on 30-day TVL growth percentage [1] - cUSD (Cap) shows significant growth in the RWA space [1] - USCC (Superstate) demonstrates rapid expansion in TVL [1] - MTBILL (Midas) experiences notable growth in TVL [1] - XAUT (Tether) exhibits strong TVL growth [1] Emerging Protocols - deUSD (Elixir Protocol) is identified as a fast-growing RWA [1] - USDG (Global Dollar Network) shows rapid TVL growth [1] - thBILL (Theo) is listed among the fastest growing RWAs [1] Established Assets - Reserve Index (Reserve) is recognized for its TVL growth [1] - PAXG (Paxos) is included in the list of fastest growing RWAs [1]

Of course. After I turn nice these two want to spar. 🙄Solana (@solana):@jacksonknoxiii @Ripple @Citi @Fidelity @FTI_US @WesternUnion Correct, not on the same level:Sandy Kaul from Franklin Templeton on how to talk crypto with Solana: https://t.co/N3iqTOkWusSandy Kaul on LinkedIn says Solana "serve[s] as a unifying digital-era layer that can provide investors around the world with real-time, 24/7 access to https://t.co/Hps3UiK6pQ ...

🚨 🚨 🚨 500 #BTC (55,160,743 USD) transferred from #Fidelity to unknown new wallethttps://t.co/KENpoMSDFN ...

What does secure institutional custody look like in a tokenized world? 🗽Next week at Swell 2025, leaders from top banks and asset managers, including @Citi, @Fidelity, and @FTI_US, will discuss the road ahead: https://t.co/8VPSTTR0kl https://t.co/yyeZJjaqU2 ...

🚨 🚨 🚨 🚨 706 #BTC (77,893,003 USD) transferred from #Fidelity to unknown new wallethttps://t.co/TVc5LdlGa1 ...