TETHER EYES $500B VALUATION WITH RECORD RAISE- Tether Holdings is in talks to raise between $15B and $20B for a 3% equity stake, a deal that could value the firm near $500 million, per Bloomberg.- The proposed private placement, led by Cantor Fitzgerald, would issue new equity rather than secondary shares. Bloomberg reported that the talks remain early and the final figure could be lower.- A $500B valuation would place Tether alongside OpenAI and SpaceX, a rare milestone for a crypto company. Circle, issuer ...

Stablecoin Titan Tether Seeks $500 Billion Valuation on $20 Billion Raise: Report► https://t.co/l6hbk2kAJL https://t.co/l6hbk2kAJL ...

this means that tether is:- same valuation as ethereum- worth 5 solanas- worth 33 hyperliquids- worth 100 uniswapszoomer (@zoomerfied):[ ZOOMER ]TETHER RAISING FUNDS AT A $500B VALUATION, LOOKING FOR $20B IN FUNDING, MAKING IT THE MOST VALUABLE PRIVATE COMPANY IN THE WORLD ALONGSIDE OPENAI: BBG ...

Company Overview - Progressive (PGR) stock closed at $238.61, reflecting a -1.05% change from the previous day's closing price, underperforming the S&P 500 which lost 0.55% [1] - Prior to the recent trading session, Progressive shares had decreased by 1.2%, lagging behind the Finance sector's gain of 2.06% and the S&P 500's gain of 3.64% [1] Earnings Expectations - The upcoming earnings release is anticipated to show an EPS of $4.53, representing a 26.54% increase from the same quarter last year [2] - Revenue is expected to reach $22.45 billion, indicating a growth of 15.51% compared to the corresponding quarter of the previous year [2] - For the entire fiscal year, earnings are projected at $18.24 per share and revenue at $87.4 billion, reflecting increases of +29.82% and +16.37% respectively from the prior year [3] Analyst Estimates and Rankings - Recent modifications to analyst estimates for Progressive indicate evolving short-term business trends, with positive revisions suggesting analyst optimism regarding profitability [4] - The Zacks Rank system, which assesses estimated changes, currently ranks Progressive at 2 (Buy), with a 3.32% increase in the consensus EPS estimate over the last 30 days [6] Valuation Metrics - Progressive is currently trading at a Forward P/E ratio of 13.22, which is above the industry average of 11.37, indicating a premium valuation [7] - The company has a PEG ratio of 1.36, compared to the industry average PEG ratio of 2.46, suggesting a more favorable valuation relative to expected earnings growth [8] Industry Context - The Insurance - Property and Casualty industry, part of the Finance sector, holds a Zacks Industry Rank of 37, placing it in the top 15% of over 250 industries [9] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]

Circle trades at $32B while Tether is raising at $500B.Why the gap?USDT's supply is 2.5x higher than $USDCWatcher.Guru (@WatcherGuru):JUST IN: $USDT issuer Tether seeks $20 billion at a $500 billion valuation, making it the most valuable private company alongside OpenAI. ...

Tether seeks $500 billion valuation, would rank among world’s most valuable private firms: Bloomberg https://t.co/8JjSux9StK ...

🔥 HUGE: Tether is seeking a $500B valuation as it explores raising up to $20B. https://t.co/JZKr3eZbPB ...

BREAKING:TETHER TO RAISE $20 BILLION AT A $500 BILLION VALUATION, MAKING IT ONE OF THE MOST VALUABLE PRIVATE COMPANIES NEXT TO OPENAI. https://t.co/XOglHGjPba ...

JUST IN: $USDT issuer Tether seeks $20 billion at a $500 billion valuation, making it the most valuable private company alongside OpenAI. ...

Crypto Market Volatility - Crypto market experienced a significant pullback after a period of strong growth, with some cryptocurrencies increasing almost threefold [1] - The market became overleveraged, leading to nervousness and selling pressure [2] - Large Chinese mining operations appeared to be selling off their holdings [2] - Bearish commentary from crypto thought leader Arthur Hayes regarding HyperLiquid negatively impacted market sentiment [3][4] - HyperLiquid, a decentralized exchange, experienced substantial growth but faced concerns about potential founder sell-offs [3][4] Market Context and Perspective - Despite the pullback, Bitcoin and Ether are still up significantly for the year [5] - Bitcoin's price of $112,000 would have been considered positive just four months prior [4] Broader Market Trends and AI - The speaker questions whether crypto price movements consistently lead stock prices [5] - The stock market is currently experiencing a euphoric moment with significant excitement [6] - AI is a powerful theme driving excitement and is a topic of discussion at the highest levels of management [6] - High valuations in the Nasdaq and S&P, coupled with interconnectivity and vendor financing, create market nervousness [7] - The market could still go higher, as the final stages of bull markets often surprise people [8]