Core Insights - Ondo Finance's token is experiencing significant gains, driven by a bullish crypto market and BlackRock's plans for exchange-traded funds on public blockchains [1][2] - The token has risen nearly 10% to $1.10, with over 21% gains this week, following the launch of tokenized versions of over 100 U.S.-listed stocks and ETFs on Ethereum [2] - The total value locked (TVL) in Ondo Finance has nearly tripled since the start of 2025, increasing from $611 million to $1.57 billion, indicating strong early traction for the project [3] Market Dynamics - The broader crypto market's positive sentiment is influenced by the potential for a Federal Reserve rate cut [1] - Ondo Finance's recent partnerships and advisory board, including WisdomTree, have contributed to a growth of $160 million in TVL over nine days [2] Long-term Outlook - Analysts suggest a bullish long-term outlook for Ondo Finance, with the potential to capture 10% of the stock market, leading to substantial fee generation for token holders [3] - The project's regulatory advantages, supported by its advisory board, are expected to provide a durable competitive edge [3]

Market Overview - The stock market is experiencing a rally, with the Dow up approximately 580 points, the S&P 500 rising by about 0.8%, and the Nasdaq increasing by around 0.7% [2][3] - The Russell 2000 index, which represents small-cap stocks, has outperformed, rising by 1.44% [4] - The bond market shows a decline in yields, with the 10-year Treasury yield hitting 4.0% [4][5] Inflation and Economic Indicators - The consumer price index (CPI) for August indicates a core inflation rate of 3.1%, unchanged from July, suggesting persistent inflationary pressures [12][14] - Jobless claims have risen to their highest level in nearly four years, indicating a potential weakening labor market [13][15] - Economists expect the Federal Reserve to cut interest rates by 25 basis points in the upcoming meeting, with discussions around the potential for further cuts later in the year [16][106] Sector Performance - Consumer discretionary stocks, particularly Tesla, are leading gains, with Tesla's market cap increasing by nearly 2% [5][6] - Other sectors such as materials, healthcare, and communication services are also performing well, with most sectors showing gains of over 1% [6][7] - The energy sector is the only one showing losses on this trading day [6] Company-Specific Developments - Open Door has appointed a new CEO, a former Shopify executive, which has led to a surge in its stock price despite ongoing challenges in profitability [39][42] - Alibaba plans to raise $3.2 billion through a zero-coupon convertible bond, with 80% of the proceeds directed towards enhancing its cloud infrastructure [52] - Figure Technology Solutions, a stable coin lender, has made its IPO debut, raising significant capital and focusing on blockchain technology to transform capital markets [62][63] Oracle's Performance - Oracle's stock has seen fluctuations following a strong earnings report, with significant growth in its cloud business, particularly in infrastructure as a service [84][93] - The company reported $3.3 billion in infrastructure as a service revenues and $3.8 billion in software as a service revenues, indicating a shift in its business model [93][94] - Oracle is positioning itself as a strong contender in the cloud computing market, competing with major players like Amazon and Microsoft [95][96]

Market Overview - Consumer prices have risen by nearly 3% year-over-year, with the headline CPI increasing from 2.7% in July to 2.9% in August, aligning with economist expectations [4][9] - Initial jobless claims have reached a four-year high, indicating ongoing weakness in the labor market [4][9] - All three major U.S. stock indices (Dow, S&P, Nasdaq 100) are at record levels, driven by technology stocks [2][3] Federal Reserve Outlook - The Federal Reserve is expected to cut interest rates next week due to concerns over the labor market, despite rising inflation [3][9] - Market sentiment suggests that the Fed is more focused on job market deterioration than on inflation concerns [9][12] Salesforce Insights - Salesforce CEO Mark Benioff discussed the transformative impact of AI on the company, highlighting the integration of AI agents in customer service, which has led to a significant reduction in human support staff [34][42] - The company has seen rapid growth in its Agent Force product, with over 12,000 customers and generating approximately $1.2 billion in revenue [39][40] - Benioff expressed skepticism about the immediate arrival of Artificial General Intelligence (AGI), emphasizing the importance of human capabilities beyond language models [35][38] Figure Technologies IPO - Figure Technologies, a blockchain lender, has gone public, raising over $780 million and is set to trade under the ticker FIGR [58][60] - The company reported $340 million in revenue and over $100 million in EBITDA last year, showcasing strong financial performance [61] - Figure's business model focuses on using blockchain technology to streamline capital markets, aiming to reduce the number of intermediaries in transactions [63][64] Chewy and Other Analyst Calls - Chewy's stock has been upgraded by Deutsche Bank from hold to buy, citing growth investments that could enhance market share [51] - Fannie Mae and Freddie Mac have also received buy ratings based on potential IPO prospects, with expectations of being released from federal control [52] - Apple has been downgraded to neutral by DA Davidson due to uninspiring product announcements and a lack of a near-term AI strategy [53][54]

The future of money doesn’t need permission ...

Core Insights - Lion Group Holding Ltd. has completed a strategic transaction converting its entire SUI holdings into HYPE, marking a significant milestone in its digital assets treasury repositioning [1][2][3] - The company plans to continue reallocating its SOL holdings into HYPE, demonstrating confidence in Hyperliquid's long-term growth [2][3] - The CEO of Lion Group Holding Ltd. emphasized that the move into HYPE aligns with the company's trading platform strategy and allows direct participation in evolving global market structures [3] Company Overview - Lion Group Holding Ltd. operates an all-in-one trading platform offering a variety of products and services, including total return swap trading, contract-for-difference trading, OTC stock options trading, and futures and securities brokerage [3] - As of September 10, 2025, the company's treasury holdings include 194,726 tokens of Hyperliquid (HYPE) and 6,707 tokens of Solana (SOL) [6]

Stable coin issuer Figure Technology making its public debut right here at the NASDAQ today. The company increasing the size of its offering to more than 31 million shares up from 26 million. The IPO priced at $25 a share above the expected rate.Joining us right now first on CMC figures co-founder and executive chairman Mike Hackne. Good morning to you. Congratulations.Thank you. Thanks for having me here. Heck of a morning for you.Uh so tell us about what you're going to do with all this money and where we ...

Core Insights - VanEck, a $100 billion asset manager, is expanding its crypto offerings with plans for a U.S. spot staking ETF linked to Hyperliquid's native token HYPE and a physically backed ETP for European markets [1][2] Proposed Products - The U.S. ETF aims to provide exposure to HYPE through a spot staking mechanism, combining passive price tracking with active staking rewards, appealing to income-seeking investors [3] - In Europe, VanEck's physically backed Hyperliquid ETP will enhance access for both institutional and retail investors, strengthening HYPE's global market presence [4] Hyperliquid's Market Position - Launched in 2023, Hyperliquid has rapidly established itself in decentralized finance, focusing on perpetual futures and leveraged trading, with daily volumes in the billions and revenues exceeding many established competitors [5] - Hyperliquid plans to introduce its own stablecoin, USDH, to improve liquidity and decrease dependence on USDC and USDT [6] Institutional and Retail Dynamics - The collaboration between Hyperliquid's growing user base and VanEck's institutional reputation could signify a pivotal moment for the integration of decentralized exchanges with traditional finance [8]

In just over a decade, cryptocurrency has transformed from a fringe experiment into one of the most disruptive financial innovations in history. Along the way, it has created a new class of billionaires, entrepreneurs, investors, and visionaries who saw the potential of blockchain before most of the world even paid attention. These crypto billionaires are not only symbols of wealth but also key figures shaping the evolution of digital finance. This article explores the stories behind some of the most promin ...

Crypto bros are fighting over the industry’s version of The Bachelor’s final rose. Over the past week, a handful of companies, including Stripe’s Bridge and a startup connected to Paxos, have submitted proposals to launch a stablecoin on the blockchain Hyperliquid. Every suitor is eyeing the almost $6 billion in stablecoins traded on the blockchain’s biggest exchange. “Hyperliquid has grown men writing public love letters to their protocol so that they may be picked as a partner,” wrote Mert Mumtaz, CEO o ...

Core Insights - Bitget has integrated Switchboard (SWTCH) into its Launchpool and has opened spot trading for the SWTCH/USDT pair, with trading starting on September 9, 2025, and withdrawal functionality available from September 10, 2025 [2] - A total of 5.5 million SWTCH tokens will be distributed as rewards during the Launchpool event, which runs from September 9 to September 11, 2025 [2] - Users can participate by locking BGB or SWTCH tokens, with the BGB lock pool allowing users to lock between 5 to 50,000 BGB to share in 5 million SWTCH tokens, and the SWITCH pool allowing locks of 500,000 to 5 million SWITCH to share in 500,000 SWTCH tokens [2] Company Overview - Bitget is a leading cryptocurrency exchange and Web3 company, established in 2018, serving over 120 million users across more than 150 countries [5] - The exchange is known for its innovative solutions, including copy trading features, and aims to expand its trading pairs from over 800 to more than 900 [4] - Bitget's wallet supports over 130 blockchains and millions of tokens, facilitating multi-chain trading, staking, and payments [5] Product and Technology - Switchboard is described as the fastest and most customizable permissionless oracle network, designed for users who prioritize speed and decentralization [3] - It currently safeguards billions of dollars in assets across over 51 protocols, with data transmission speeds three times faster than competitors [3] - The integration of Switchboard into Bitget's ecosystem enhances the speed and reliability of data access for users, enabling more opportunities in decentralized finance and on-chain trading [4]