RT Paul Atkins (@SECPaulSAtkins)Had a great conversation with @milesjennings at @BlockchainAssn Policy Summit yesterday. At the SEC, we’re working to advance clear rules of the road that encourage investment in our economy and provide a firm regulatory foundation for digital assets. ...

Summary of Blue Owl Capital Conference Call Company Overview - **Company**: Blue Owl Capital (NYSE: OWL) - **Industry**: Alternative Asset Management - **Assets Under Management**: Nearly $300 billion - **Specialization**: Private credit, GP solutions, and real assets Key Priorities and Strategic Focus - **2026 Priorities**: Focus on execution after a year of integration and diversification in 2025 [4][43] - **Margin Improvement**: Aim for gradual increase in margins and focus on FRE (Fee-Related Earnings) per share [4][43] - **Fundraising Initiatives**: Actively fundraising for flagship funds, including a $7.5 billion real estate fund and a digital infrastructure fund expected to be larger than the previous $7 billion [5][6] Fund Performance and Market Dynamics - **Private Credit Performance**: Underlying portfolio companies show strong performance with average EBITDA of $275 million and low loan-to-value ratios (39% for corporate credit, 30% for software loans) [13][14] - **Revenue and EBITDA Growth**: Recent growth rates have slowed slightly to 7.5%-8% from 8%-9%, but remain robust [15] - **Default Rates**: Very few defaults observed, with no new names added to the watch list [15] Wealth Management Channel - **Growth in Wealth Channel**: $16 billion of inflows over the last 12 months, with a focus on expanding product offerings and geographical reach [22][25] - **Market Positioning**: Transitioned from an advisor-sub-advisor model to an in-house fundraising model, resulting in a team of over 200 people [24][25] Market Challenges and Outlook - **M&A Environment**: Deployment rates have been below expectations, but there is cautious optimism for improvement in the M&A environment [10][11] - **Concerns from Advisors**: Financial advisors express concerns about market conditions, but there is still optimism about the long-term potential of private credit [29][31] New Product Launches - **Digital Infrastructure Fund**: Recently launched with significant initial capital, expected to scale rapidly [34][36] - **Alternative Credit**: Less competition than direct lending, with higher expected returns [40][42] Financial Metrics and Future Guidance - **FRE Margins**: Commitment to improving FRE margins, aiming for around 60% in the future [43][45] - **Long-term Growth Target**: Targeting $3 billion in FRE, with confidence in achieving this goal [46] Conclusion - **Focus on Organic Growth**: Current strategy emphasizes growing existing products and managing recent acquisitions rather than pursuing new M&A opportunities [47][48]

🎥 Acting CFTC Chair @CarolineDPham claims the CFTC is "really delivering with action" after announcing the launch of the Digital Assets Pilot Program allowing digital assets to serve as collateral.🤝 @Figure x CoinDesk Media Network. https://t.co/PlAPlhTI2b ...

Core Insights - Surf, an AI research platform focused on digital assets, has successfully raised $15 million in a funding round led by Pantera Capital, with participation from Coinbase Ventures and Digital Currency Group (DCG) [1] - The funds will be utilized to develop Surf 2.0, an upgraded version of its AI model tailored for cryptocurrency analysis, and to enhance its enterprise offerings [1] Company Overview - Surf positions itself as an alternative to general-purpose large language models (LLMs) by training proprietary systems specifically for digital asset analysis, utilizing crypto-native datasets [2] - The platform employs a multi-agent setup that analyzes various inputs, including social sentiment, on-chain activity, and market behavior, providing outputs through a chat-style interface to reduce manual research efforts [2] Product Development - Surf 2.0 will feature a more advanced model, expanded proprietary datasets, and new agents designed to perform multi-step workflows typically managed by experienced analysts [3] - Surf Enterprise will offer dedicated infrastructure and enhanced security tools to meet institutional requirements [3] Performance Metrics - Since its launch in July, Surf has achieved millions in annual recurring revenue, produced over 1 million research reports, and experienced a 50% month-over-month growth, with usage by 80% of top exchanges and research firms [4]

When Ric Edelman makes a prediction, Main Street investors listen. This time, he’s forecasting a massive rally for Bitcoin and Ethereum next year. “I’m expecting both to rise 50% to 100% in 2026,” Edelman told DL News. If both hit the upper bound of that prediction, Bitcoin would trade at around $180,000 and Ethereum would topple $6,600. His call signals growing conviction among traditional finance advisers that crypto’s late-stage 2025 correction is nearly over and institutional buying will drive sha ...

LATEST: 📊 Standard Chartered's global head of digital assets research has cut his 2025 year-end Bitcoin price outlook to $100,000 from $200,000, though still expecting BTC to hit $500,000 by 2030. https://t.co/SYatWM7PQV ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Galaxy Digital Inc. As filed with the Securities and Exchange Commission on December 9, 2025 Registration No. 333-290956 (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) Delaware 6211 87-0836313 (I.R.S. Employer Identification Num ...

Tokenization is like a freight train. It can't be stopped and eventually it's going to eat the entire financial system. These are the types of quotes that we are now hearing from names like Vlad Tenev who is the CEO of Robin Hood. And it's crazy to see the evolution of crypto from a, you know, sort of small market to, you know, being paraded around and spotlighted on every single global stage around the world by some of the biggest Tradfi guys. And this is seriously just the beginning. I mean, we are at the ...

You note that among the U.S. and Canadian listed companies that became debts, the median stock price has fallen this year. That's according to data compiled by Bloomberg. Bitcoin, by comparison, down just around 6% since the beginning of the year.Why such a big disconnect. Is it all about the leverage. Hi.Yes. So a lot of it is leverage. So these companies, in order to buy the cryptocurrencies that they're holding, a lot of them issued debt to do this.So that means that the leverage that that debt gave them ...

Today, Bitcoin soarses back to the $94,000 level. The second largest teachers union writes a letter to senators opposing crypto market structure legislation. And Samir Kerbage of hashts breaks down his expectations for markets and the firm's crypto forecasts for 2026.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Digital currencies are solidly in the green this morning as the Fed's December meeting kicks off.Markets are betting the central bank will lower its key overnight lending rate by another quarter ...