SoFi
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X @Decrypt
Decrypt· 2025-11-11 20:50
Financial services firm SoFi is rolling out access to crypto trading, allowing users to buy and sell Bitcoin, Ethereum, and other assets. https://t.co/bUqA16ZmVv ...
Gemini shares sink after reporting wider-than-expected loss in Q3: CNBC Crypto World
CNBC Television· 2025-11-11 20:20
Market Trends & Crypto Performance - Major cryptocurrencies experienced declines, with Bitcoin dropping to $13,000, Ether falling by 1.04%, and Solana's SOL token decreasing by over 3% [2] - CleanSpark shares fell by 7.5% after the Bitcoin miner increased its convertible note offering to $1.15 billion [3][4] Company Performance & Initiatives - Gemini shares slumped after reporting a wider-than-expected loss of 6.67% per share in Q3, versus analysts' expectations of a $324 loss; IPO-related costs contributed to a $159.5 million net loss, despite revenue doubling year-over-year; shares plummeted more than 15.12% [4][5] - Coinbase is launching a platform for distributing new crypto tokens, aiming for balanced and transparent token sales, penalizing users who sell tokens less than 30 days after listing; Coinbase shares traded lower by more than 2% [6][7] - SoFi is debuting crypto trading on its platform, offering the ability to buy, sell, and hold cryptocurrencies like Bitcoin, Ethereum, and Solana, and plans to launch a stablecoin in January backed dollar for dollar by reserves [8][9][12] Market Outlook & Expert Opinions - Two Prime believes the four-year cycle is becoming less relevant due to changing market dynamics and institutional involvement, anticipating a strong end to the year and 2026 [16][17] - Geopolitical and economic instability, along with systemic risks in the digital asset industry, are potential concerns for 2026 [26][27] - Regulatory clarity, decreasing interest rates, and the proliferation of stablecoins are positive catalysts for the digital asset ecosystem in 2026 [31][32][33]
Gemini shares sink after reporting wider-than-expected loss in Q3: CNBC Crypto World
Youtube· 2025-11-11 20:20
Market Overview - Major cryptocurrencies are experiencing declines, with Bitcoin dropping to around $13,000 and Ether falling by 1.4% [2] - The decline follows a brief rally fueled by hopes of an end to the US government shutdown [1][2] - Gemini shares fell over 15% after reporting a wider-than-expected loss of $6.67 per share in Q3, compared to analysts' expectations of a loss of $3.24 [4][5] Company Updates - Gemini's Q3 results marked its first quarter as a publicly traded company, with a net loss of $159.5 million despite revenue doubling year-over-year [5] - CleanSpark, a Bitcoin mining company, saw its shares drop by 7.5% after increasing its convertible note offering to $1.15 billion, reflecting a trend of miners seeking capital through debt markets [3][4] - Coinbase is launching a new platform for distributing crypto tokens, aiming to create a balanced and transparent sales environment while penalizing users who sell tokens within 30 days of listing [6][7] Regulatory and Market Trends - SoFi has launched crypto trading on its platform, becoming the first national bank to offer services for buying, selling, and holding cryptocurrencies [8][9] - The CEO of SoFi emphasized the bank's infrastructure and processes that provide consumer safeguards, and plans to expand beyond the initial three cryptocurrencies [10][11] - The CEO of Two Prime discussed the changing dynamics of the crypto market, suggesting that the traditional four-year cycle may be diminishing in significance due to evolving market conditions and investor behavior [17][19] Future Outlook - The CEO of Two Prime expressed optimism for the end of 2025 and 2026, citing resilience in the crypto market despite challenges such as limited liquidity and political instability [17][29] - Positive catalysts for the crypto market include greater regulatory clarity, increasing liquidity from rate cuts, and the proliferation of stablecoins, which are expected to enhance adoption [31][33] - The market is anticipated to see more sophisticated financial products and structures, driven by competition among companies in the Bitcoin treasury space [34][35]
First National Bank Offers Crypto. Bitcoin Payments for EVERYONE & BTC Whale Trend (Not Good)
Digital Asset News· 2025-11-11 19:23
SoFi is the first bank with a national bank license that will be offering bitcoin and crypto to its 12.5 million clients. Also, Square goes big on payments and the old whales keep selling. I'd like to know your thoughts on this... ●▬▬▬▬▬▬CRYPTO CRITICAL VIDEOS▬▬▬▬▬▬▬● 1. THE 5 RULES - https://youtu.be/iNBiZ5Bo__U 2. AVOID ALL SCAMS. SOURCE IT - https://youtube.com/live/m77Oxmh70Zc 3. DON'T FALL FOR A.I. SCAMS! - https://youtu.be/8m4M0lvP5-o 4. WHY STORAGE DIVERSIFICATION? - https://youtu.be/j3ORFfbnB6Q 5. D ...
X @Decrypt
Decrypt· 2025-11-11 18:48
SoFi Rolls Out Crypto Trading With Bitcoin, Ethereum, Solana and More► https://t.co/hdaSmE6OyT https://t.co/hdaSmE6OyT ...
X @CoinDesk
CoinDesk· 2025-11-11 16:49
🚀 BREAKING: @SoFi enters crypto trading.The first nationally chartered U.S. bank to offer in-app crypto access, letting users buy, sell & hold Bitcoin, Ethereum, Solana + more — all alongside checking, savings & investing. “Bank-level confidence” cited as its edge.✍️ @HeleneBraunn reporting 👇 ...
SoFi CEO: Blockchain and cryptocurrencies are a technology supercycle just like AI
CNBC Television· 2025-11-11 16:45
Last week we were talking to Kathy Wood and she, you know, has had a very sort of sky-high um valuation for for Bitcoin. I think it was $ 1.5% million she thought it could ultimately get to. She took that down interestingly last week and suggested that the success of stable coin has become is so much higher than she thought that in some ways stable coins for transactions could ultimately crowd out Bitcoin that might have been used for that.Big big picture we believe blockchain and cryptocurrencies are a sup ...
X @Wendy O
Wendy O· 2025-11-11 16:30
Sofi just became the FIRST regulated bank to offer crypto trading.Mass adoption is brought to you by the banks, not the crucial need for self sovereignty.Congrats to themhttps://t.co/OJFXujt2jB ...
SoFi CEO: I worry 'quite significantly' about stablecoins not backed by banks
CNBC Television· 2025-11-11 16:20
Stablecoin Risks - The industry expresses significant concern regarding stablecoins from non-bank operators [1] - Key considerations include the location of reserves, duration risk, credit risk, and bankruptcy remoteness of those reserves [1] Risk Mitigation - SoFi aims for zero credit risk and zero liquidity risk, and is working on bankruptcy remoteness for its stablecoin [2] - Dollar-for-dollar backing does not guarantee the availability of those dollars upon liquidation [2]