Ethereum Ecosystem - Polygon is rapidly evolving into the payments and fintech layer of Ethereum [1] - Ethereum's network effects are expanding through its Execution Layers, including Polygon [1] Key Individuals - Discussion featuring RT Sandeep (CEO, Polygon Foundation), GB (founder, Flutterwave), and Tomasz (Ethereum Foundation) [1]

Group 1 - VCI Global Limited announced that Tether will become the largest shareholder following a USD 100 million OOB token digital-asset-treasury transaction [1] - Tether has a market capitalization of approximately USD 180 billion and holds tens of billions in U.S. Treasury bills and cash equivalents, making it the most widely used and asset-backed stable-coin globally [2] - The OOBIT ecosystem, supported by notable figures and firms, facilitates a decentralized payments platform for tap-to-pay and cross-border transactions [2] Group 2 - Following the transaction, VCI Global will integrate the OOB token into its digital-treasury initiative to support future projects in AI, fintech, and blockchain [3] - VCI Global focuses on developing scalable platforms across various sectors, including artificial intelligence and digital treasury systems, to capture opportunities in the digital economy [4] - The company's strategy emphasizes resilience, efficiency, and long-term value across multiple high-growth sectors [4]

Fintech Partnership - FIS, a major fintech firm processing $9 trillion across 75 billion transactions annually, is building the 'Digital Liquidity Gateway' on Intainft, an Avalanche L1 [1] Blockchain Adoption - Institutions are increasingly choosing Avalanche (@avax) for their blockchain solutions [1]

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Q3 2025 Financial Performance - Kaspi.kz's Total Payment Value (TPV) increased by 18% year-over-year (YoY)[10] - Kaspi.kz's Revenue increased by 10% YoY[10] - Kaspi.kz's Net Income increased by 12% YoY[10] Marketplace Platform Growth - Marketplace purchases increased by 36% YoY in 3Q'25[93] - Excluding smartphones, Marketplace Gross Merchandise Value (GMV) increased by 20% YoY[96] - e-Commerce GMV increased by 25% YoY excluding smartphones[99] Fintech Platform Performance - Total Finance Value (TFV) increased by 16% YoY[114] - Average net loan portfolio increased by 30% YoY[117] - Deposits increased by 18% YoY[117] - Fintech revenue increased by 24% YoY adjusting for higher interest rates[122] Hepsiburada Performance - Hepsiburada purchases increased by 16% in 3Q'25[64, 128] - Hepsiburada GMV increased by 15% in 3Q'25[131] - Hepsiburada revenue increased by 22% YoY[134]

Group 1 - Shift4 Payments has gained attention due to Jared Isaacman's renewed nomination by President Trump to lead NASA, which has brought the company back into the spotlight after a period of low visibility [1][2] - The company, founded in 1999, provides payment processing solutions for various sectors including restaurants, hotels, and e-commerce, and has evolved into a significant player handling billions of transactions [3] - Despite the growing demand for digital payment solutions, Shift4 has faced challenges in gaining favor with Wall Street, with its stock down nearly 36% over the past year and approximately 40% in 2025 [4] Group 2 - Shift4 Payments is currently valued at nearly $6 billion, but its stock performance has been poor compared to the broader S&P 500 Index, which has increased by about 12.51% over the past year [4][5] - The stock recently hit a 52-week low of $62.55, and it is trading at a valuation of 1.8 times sales, significantly lower than the sector average of 3 times sales and its own five-year average of 2.4 times [5]

Core Insights - The Marygold Companies reported a revenue of $7.0 million for the first fiscal quarter ended September 30, 2025, a decrease from $7.9 million in the same period last year [2] - The company recorded a net loss of $0.4 million, or $0.01 per share, an improvement compared to a net loss of $1.6 million, or $0.04 per share, in the previous year [3] - The balance sheet remains strong with cash and cash equivalents of $4.9 million and total assets of $28.4 million, with no debt [4] Financial Performance - Revenue for the quarter was $7.0 million, down 11.4% from $7.9 million year-over-year [2] - The company achieved a gross profit of $5.364 million, compared to $5.782 million in the prior year [17] - Operating expenses decreased to $6.628 million from $7.952 million, leading to a loss from operations of $1.264 million, an improvement from $2.170 million [17] Subsidiary Performance - USCF Investments, the largest subsidiary, managed approximately $2.9 billion in average assets under management (AUM), down from $3.1 billion in the previous year [6] - Non-financial services businesses, including specialty hair and skin care products and food products, performed profitably with a positive growth outlook [7] - Marygold & Co. (U.K.) is developing a mobile fintech app, with significant expenses impacting the consolidated net loss for the quarter [5] Strategic Actions - Proceeds from the sale of Brigadier Securities Systems were used to retire all remaining debt [5] - Cost reduction measures and the sale of Brigadier are beginning to yield positive results as the company focuses on financial services and innovative ETFs [8] - The company paused marketing its fintech app in the U.S., which is expected to save approximately $4 million in annualized expenses [5]

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Gen Digital raised its annual revenue forecast for a second consecutive quarter on Thursday, helped by robust demand for its cybersecurity products and the acquisition of fintech firm MoneyLion. ...

Group 1 - Interactive Brokers (IBKR) stock is currently in a 5% buy zone within a cup base, having significantly outperformed the broader stock market this year, driven by an increase in client acquisition which has boosted profit and sales growth [2] - The S&P 500 stock selection for IBD 50 Stocks To Watch includes Interactive Brokers, indicating strong market interest and potential for further gains [2] - Other S&P 500 components, such as JPMorgan Chase and Eli Lilly, are also highlighted as stocks nearing buy points, suggesting a favorable environment for these companies [3] Group 2 - The stock market has experienced a slump amid substantial earnings reports, with companies like MongoDB, Eli Lilly, and Interactive Brokers being focal points for investors [5] - Dow Jones futures indicate a rebound in bank stocks, although Oracle and Interactive Brokers have seen declines from their buy points following earnings results [5] - The overall market sentiment appears mixed, with some stocks showing improved relative strength ratings while others face challenges [5]