aster generates $20m daily fees at $3b valuation. hyperliquid generates $1.17m daily at $12.1b valuation. aster makes 17x more money trading at 0.41x revenue multiple vs hyperliquid's 28.4x. either aster reprices to $50b or hyperliquid corrects 75%. probably both. ...

RT BSCN (@BSCNews)🤯 IS KRAKEN WORTH $15 BILLION?! @krakenfx' latest funding round saw the CEX raise $500 million at an incredible $15 billion valuation... Get the details now ⬇️ https://t.co/B3Yf8VJF7P ...

Regulatory Focus - Australia's corporate watchdog urges pension funds to enhance disclosure regarding private assets and their valuations [1] Industry Trends - Australia's pension fund industry, valued at A$4.3 trillion, is increasing its exposure to unlisted investments [1]

All these headwinds? Well, let's ask G Squared Private Wealth CIO and CNBC contributor Victoria Green and Northwestern Mutual Wealth Management Chief Investment Officer Brent Chute. Guys, uh, welcome. Um, Victoria, it's been a really good September by historical standards, unless tomorrow's a disaster. Uh, so assuming it's not, should investors stay long risk? Yes, we're advising staying long risk because we don't fight the Fed. We don't fight the tape. And there are three things going for this market. Tech ...

Core Insights - Robinhood Markets Inc. (NASDAQ: HOOD) has experienced significant stock price appreciation, reaching an all-time high of $132.89 on September 29, 2025, with a year-to-date increase of 234% and a five-year rise of 278% [1][2] - The company has joined the S&P 500 index, reflecting its growth and market capitalization of $115.3 billion, positioning it among the largest fintech firms in the U.S. [2][3] - Despite strong fundamentals, some analysts express concerns about overvaluation, with one analyst downgrading the stock from "buy" to "hold" due to stretched valuations compared to peers [3][4] Financial Performance - In Q2 2025, Robinhood reported $539 million in transaction-based revenue, with $160 million (approximately 30%) derived from crypto trading, indicating the importance of digital assets to its business model [2] - The company's net revenue from crypto trading accounted for 16% of overall net revenue in Q2 2025, a decrease from 43% in Q1 2025 [2] Analyst Ratings and Price Targets - The average price target for Robinhood is $127.41, with a high of $160.00 and a low of $104.00, indicating a potential downside from the last price of $131.05 [4] - Some analysts remain optimistic, with Piper Sandler raising its target to $140 and BofA Securities increasing its target to $139, citing product enhancements and market strength [5][6] - Citi analyst Christopher Allen raised his target from $120 to $135 but maintained a "Neutral" rating, suggesting that much of the upside has already been priced in [7] Market Position and Outlook - Robinhood is currently one of the top-performing stocks of 2025, but concerns about valuation may lead to increased volatility as investors weigh near-term risks against long-term growth potential [8]

Core Insights - Costco Wholesale has experienced a decline in membership renewal rates, which is significant given the company's reliance on recurring fee income and high renewal rates [1][4] - Despite the drop in renewal rates, membership fee income and paid memberships have increased, indicating a more complex situation [2][6] - The current premium valuation of Costco raises concerns about potential disappointments for investors [2][7] Membership Renewal Rates - The renewal rates for Costco in the U.S. and Canada are at 92.3%, and the worldwide rate is 89.8%, both down approximately 40 basis points from the previous quarter [4] - The decline in renewal rates is attributed to a higher number of online sign-ups and a significant Groupon campaign affecting the calculations [5] Membership Fee Income and Growth - Membership fee income rose by 14% year-over-year to about $1.72 billion, supported by last year's fee increase and upgrades to the executive tier [6] - Paid memberships reached approximately 81 million, a 6% increase from the previous year, with executive members nearing 39 million, contributing over 74% of sales [6] Overall Performance and Valuation - The mixed signal from renewal rates suggests that while the headline percentage has decreased, the core metrics of membership growth and fee income remain strong [7] - With shares trading at about 50 times earnings, the primary concern for investors is the valuation rather than the renewal rates [7]

Global equities are likely to extend a rally into the year end given a resilient US economy, supportive valuations and a dovish pivot from the Federal Reserve, according to Goldman strategists https://t.co/L6Oh2uMRYu ...

Group 1 - Volatility is inherent in liquid markets like the stock market, with new prices emerging every millisecond, indicating that short-term fluctuations are not a concern for long-term investors [1] - The approach taken is primarily value-oriented, emphasizing that valuation is not a reliable short- to mid-term timing indicator but rather a signal for long-term opportunities or risks [1] - The articles produced prioritize the written word and presented data over simple ratings, often resulting in hold/neutral ratings even when there is a bullish or bearish inclination [1] Group 2 - There is no stock, option, or similar derivative position held in any of the companies mentioned, nor are there plans to initiate such positions in the near future [2] - The article expresses personal opinions and is not influenced by compensation from any company mentioned, ensuring an independent perspective [2] - Seeking Alpha does not guarantee future results based on past performance, and the views expressed may not represent the platform as a whole [3]

Ottobock Targets Valuation of Up to Around $5 Billion in Frankfurt IPO https://t.co/hXuV4NNm2c ...

This extends to all "opinionated" chains launching these days, btw.I don't care if you're onboarding a gajillion people - if you're simply charging for blockspace with a tx fee you'll be out-earned.As tech matures and apps get more sophisticated they will eat more and more of each $ they generate, compressing the base layer returns.That means you need to have insane capacity as a blockchain to earn even moderate app-like revenue.It just doesn't work.Will take awhile for this to play out, but it's the way th ...