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SoFi Becomes First U.S. Bank to Bring Crypto to Retail Traders
Yahoo Finance· 2025-12-22 16:11
Core Insights - SoFi Technologies has become the first nationally chartered U.S. bank to offer retail crypto trading, marking a significant step in integrating digital assets into the traditional financial system [2] - The launch of crypto trading comes as regulatory bodies have eased restrictions, allowing banks to engage in crypto custody and execution, which may lead to other major banks following SoFi's example [3] Company Strategy - SoFi aims to be a one-stop shop for its members, providing banking, borrowing, investing, and now crypto trading within a single regulated platform [4] - The integration of crypto trading directly within SoFi's FDIC-insured banking app allows members to use funds from their SoFi Checking and Savings accounts, enhancing user convenience [6] Market Position - SoFi's approach gives it a competitive edge in the crowded crypto market, as approximately 60% of its members who own crypto prefer trading with a licensed bank rather than traditional crypto exchanges [7] - The easing of regulatory pressure under the Trump administration has facilitated banks' entry into crypto activities, with significant developments in federal frameworks for stablecoins and clarified regulations for crypto custody [8]
Bitcoin's roller coaster ride in 2025, plus sector winners and losers to watch in 2026
Yahoo Finance· 2025-12-22 15:28
Welcome to Morning Brief presented by Robin Hood, the home [music] to commission free trading. I'm Julie Hyman. Let's get to the three things you need to know today.First up, US stock futures edging higher to kick off the holiday shortened trading week. Investors still hoping for [music] a Santa Claus rally to close out the last five trading days of the year. Plus, gold and silver [music] are climbing to new highs.rate cut bets fueling the surge, capping off a banner year with gold and [music] silver on tra ...
Sui Is Rocketing Higher Today: The 1 Catalyst Driving Its 8% Surge
Yahoo Finance· 2025-12-19 17:57
Key Points Bitwise submitted registration documents yesterday to launch a new spot ETF tracking the price of Sui. This application adds to the existing proposals on the SEC's desk, with two other prospective funds awaiting approval. Capital flows matter a great deal in the digital assets space, so increased fervor from institutional players could be a big upside catalyst for Sui over the long-term. 10 stocks we like better than Sui › With many investors now viewing certain key developments this ...
CFTC's acting chief Pham poised to go to crypto firm MoonPay once Mike Selig lands
Yahoo Finance· 2025-12-17 23:00
With an any-minute-now confirmation of Mike Selig to take over the U.S. Commodity Futures Trading Commission, its stand-in chief, Caroline Pham, is closer to her longstanding plan to jump to crypto firm MoonPay. As CoinDesk reported last month, Pham was said to be planning to take on the role of chief legal officer and chief administrative officer at the company, a financial technology company focused on crypto, which just obtained a New York trust charter last month. It's a path further confirmed by the ...
Asia Broadband Corporate Update and Projects Status Scheduled For January 2026 and AABB Shareholders Merry Christmas
Globenewswire· 2025-12-17 13:00
LAS VEGAS, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company is set to release a corporate update in January 2026. After the holiday period and the New Year’s operations have provided clarity going forward, the Company will release a corporate update outlining the current status, timelines and expectations of all AABB’s mining and digital/cryptocurrency projects for 2026. “We are excited to continue our journey in the New Year ...
Crypto exchange HashKey debuts in Hong Kong amid market volatility
The Economic Times· 2025-12-17 03:24
HashKey, founded in 2018, offers a range of services including asset management, brokerage and tokenisation in addition to running the Asian Its shares lost some gains later in the morning session, falling slightly below the IPO price of HK$6.68. The Hang Seng Index was up 0.2%.Crypto TrackerTOP COINS (₹) XRP176 (3.83%)Bitcoin7,957,713 (2.16%)BNB78,826 (1.67%)Ethereum268,976 (0.88%)Tether91 (0.27%)Live Events Bitcoin, the world's most popular cryptocurrency, plunged as much as 36% in about a month after r ...
Crypto exchange HashKey shares end flat in volatile Hong Kong trading debut
Yahoo Finance· 2025-12-17 01:47
By Kane Wu, Scott Murdoch and Donny Kwok HONG KONG, Dec 17 (Reuters) - Cryptocurrency exchange HashKey Holdings Ltd made a flat debut in Hong Kong on Wednesday amid recent weakness in digital assets, but its management said it remains confident about the sector's long-term prospects. HashKey shares closed at HK$6.67, down 0.15% from the offer price of HK$6.68. The stock rose as much as 6.6% to HK$7.12 before sliding 8.4% to an intraday low of HK$6.12. That compared with a 0.9% gain in the benchmark Ha ...
HashKey shares start trading in Hong Kong, as the city increasingly embraces crypto
Yahoo Finance· 2025-12-17 01:30
Shares of digital assets firm Hashkey Holdings were flat in Hong Kong trading today, following the firm’s IPO last week. The Chinese city has steadily embraced digital assets since 2022 as it tries to maintain its status as a global financial center. The crypto firm’s shares ended the day 0.2% lower in a choppy day of trading, with a post-opening surge, followed by a slump for most of the day before recovering right before market close. Hashkey, founded in 2018, operates a Hong Kong-licensed crypto excha ...
Does IBKR's Stablecoin Funding Signal Broader Product Expansion?
ZACKS· 2025-12-16 15:56
Key Takeaways IBKR is rolling out stablecoin funding for U.S. retail accounts, allowing deposits from crypto wallets.IBKR said stablecoins are only a funding method, with balances converted to fiat for normal trading.IBKR's move fits broader product expansion as it adds new markets, cards and platforms.Continuing with its efforts to expand the product suite and reach of its services, Interactive Brokers (IBKR) is now allowing retail investors to fund individual brokerage accounts using stablecoins. This mov ...
Visa is Shaping the Stablecoin Playbook: Disrupting the Disruption
ZACKS· 2025-12-16 15:21
Core Insights - Visa Inc. has launched a global Stablecoins Advisory Practice to assist banks, fintechs, merchants, and other businesses in navigating the stablecoin market [1][9] - The global stablecoin market has exceeded a capitalization of $250 billion, with Visa's stablecoin settlement volume reaching an annualized run rate of $3.5 billion as of November 30 [2][9] - This initiative indicates that traditional financial institutions are recognizing the importance of digital assets, with Visa positioning itself as a trusted guide in this evolving landscape [3][4] Visa's Strategic Positioning - The advisory practice aims to deepen client relationships, unlock new consulting revenues, and promote the adoption of stablecoin-linked services [4] - By assisting partners in developing stablecoin strategies, Visa enhances its role at the intersection of regulated finance and digital asset innovation [4] Competitive Landscape - Competitors such as Mastercard and American Express are also expanding their presence in the stablecoin sector, with Mastercard offering full-stack support for stablecoin payments and American Express collaborating with Coinbase for a crypto-linked credit card [5][6] Financial Performance and Valuation - Visa's shares have increased by 9.8% over the past year, outperforming the broader industry but lagging behind the S&P 500 Index [7] - The company trades at a forward price-to-earnings ratio of 26.35, above the industry average of 21 [11] - The Zacks Consensus Estimate predicts an 11.7% rise in Visa's fiscal 2026 earnings year over year, followed by a 13.2% growth in the subsequent year [13]