Core Insights - The leading digital asset is transitioning from financial speculation to practical applications, with SoFi Technologies demonstrating significant growth in 2025, including a 38% year-over-year increase in adjusted net revenue and the addition of 1 million new customers in the last quarter, totaling 13.7 million customers [1][2] Group 1: Company Performance - SoFi's success is attributed to its focus on innovation and product development, showcasing a clear use case for cryptocurrency [2] - The company has entered the remittance market through a partnership with Lightspark, aiming to provide fast and cost-effective cross-border payments [4] - SoFi Pay now allows U.S. users to send money to over 30 countries using the Bitcoin Lightning network, enhancing user experience by converting dollars to Bitcoin for transactions [5] Group 2: Market Opportunity - The remittance market is substantial, with approximately $38 billion sent between the U.S. and India in 2024, highlighting the potential for SoFi to disrupt high fees and long processing times [6] - The management's commentary on the new service's usage will be crucial for ongoing customer growth, particularly for those seeking better value [6] - The evolution of Bitcoin from a financial asset to a payment mechanism could increase demand and transaction volume, potentially driving up its price in the long run [9]

Group 1 - The cryptocurrency market has experienced a significant crash, with XRP declining over 30% in the last three months and a major bank lowering its year-end price target by 65% [1][5] - XRP currently has a market capitalization of $90 billion, making it the fourth-largest cryptocurrency after Bitcoin, Ethereum, and Tether's USDT [2] - XRP is the native cryptocurrency of the XRP Ledger, launched in 2012, and was developed by members who later founded Ripple Labs [2] Group 2 - XRP has faced regulatory challenges since the SEC sued Ripple Labs in December 2020, claiming the sale of XRP tokens constituted unregistered securities [3] - A landmark ruling in July 2023 determined that Ripple's programmatic sales of XRP on exchanges were not securities transactions, although sales to institutions violated securities laws [3] - Following a settlement between Ripple and the SEC, the launch of ETFs tied to XRP initially generated optimism, but the market crash on October 10 led to a decline in enthusiasm [4] Group 3 - Standard Chartered, a 172-year-old British bank, has revised its XRP price target downwards, reflecting the ongoing struggles in the cryptocurrency market [5] - The bank's global head of digital assets research had previously predicted XRP would reach $8 by the end of 2026, but this forecast has been adjusted due to the market's failure to recover [6]

There seems to be no stop for MicroStrategy's Bitcoin (BTC) shopping. Every week, there is at least one purchase. In fact, at press time, MicroStrategy, now better known as Strategy (NASDAQ: MSTR), has 714,644 Bitcoin in its coffers. That is 3.4% of the total 21 million Bitcoin supply. But with great Bitcoin exposure comes great risks. Related: Analyst slashes MicroStrategy price target ahead of Q4 earnings During its fourth quarter earnings call, the company addressed the ongoing cryptocurrency marke ...

Group 1 - Harvard Management Company has diversified its cryptocurrency investments, moving beyond Bitcoin to include other cryptocurrencies, indicating a shift in its investment strategy [1][7] - The endowment manager's stake in BlackRock's iShares Bitcoin Trust was initially around $116 million in 2025, which was later increased to approximately $443 million, making it the largest publicly disclosed U.S. equity holding at that time [7] - Recent filings show that Harvard has reduced its Bitcoin holdings by 21%, from 6,809,091 shares to 5,351,234 shares as of December 31, 2025 [8] Group 2 - Institutional investors are increasingly entering the cryptocurrency market, facilitated by the introduction of ETFs that lower barriers for traditional players [2] - Significant outflows from U.S. spot Bitcoin ETFs were reported, with a single-day net withdrawal of $817.8 million on January 29 and $509.7 million on January 30 [3] - Despite recent volatility, large asset managers like Goldman Sachs continue to build exposure to crypto through regulated investment products, including Bitcoin and Ethereum ETFs [5]

In September last year, the crypto-based prediction market Polymarket received the regulatory greenlight to return to the U.S. market after a long exile. Now, another company is returning to the United States after regulatory issues get resolved during the Donald Trump administration. Related: Gold, XRP extend losses on Presidents’ Day Nexo returns to United States after 2 years Nexo, a popular digital asset wealth platform, announced on Feb. 16 that it is returning to the U.S. market. The comeback co ...

The crypto market is bleeding. And the wounds keep deepening. Bitcoin trades at $67,621 today, down 1.70% in the last 24 hours. But this isn't just another bad day—it could potentially help mark one of the most prolonged bear runs in Bitcoin history. If February closes red, Bitcoin will complete five consecutive months of losses, the longest streak since June 2018 when Bitcoin was down for six months. With February already down 13.98%, the signs aren't promising. The accumulated losses from October 202 ...

Market Closure - The U.S. stock market will be closed on February 16 in observance of Presidents' Day, with both the New York Stock Exchange and Nasdaq suspending trading on that day [1] Cryptocurrency Market - Bitcoin (BTC) continues its decline, losing 0.3% over the last 24 hours to trade at $69,190.68 [2] - Ethereum (ETH) fell 1% in the same period, trading at $1,997.23 [2] - XRP decreased nearly 2% to $1.5, while Solana (SOL) also dropped 2% to $86.04 [3] - The total cryptocurrency market capitalization is reported at $2.44 trillion [3] Precious Metals - Precious metals experienced declines, with gold falling 0.93% to $4,994.51 per ounce and silver decreasing 0.68% to $76.88 per ounce [3]

Core Insights - Changpeng "CZ" Zhao, founder of Binance, shared his experiences in a U.S. prison, highlighting the challenges and dynamics within the prison system [1][2] Group 1: Prison Experience - CZ described his prison experience as "really bad overall," but noted he did not face physical harm or extortion threats [2] - He was placed in a low-security prison in California, which housed individuals convicted of serious crimes, including drug lords, due to his non-U.S. citizenship status [3] - A prison guard advised him to seek "protection" by connecting with a gang, indicating the need for safety in such an environment [4] Group 2: Racial and Ethnic Dynamics - CZ observed that the prison system was organized by race and ethnicity, which he found surprising yet effective in minimizing conflicts [5] - He recounted an encounter with a fellow inmate who welcomed him to their group, illustrating the social dynamics within the prison [5] Group 3: Background on Binance - Binance, founded by CZ in 2017, has become the world's largest cryptocurrency trading platform, with CZ reportedly owning an estimated 90% of the exchange and a significant amount of BNB tokens [6]

XRP (CRYPTO: XRP), now hovering just below $1.50, deserves credit for having genuine utility in a market filled with meme coins and outright frauds. Created by Ripple, the token was designed to enable faster, cheaper transactions between financial institutions, especially across borders. Partnerships with major banks, like Bank of America and Santander, show Ripple is doing something right. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, calle ...

Core Insights - Crypto investment funds have experienced four consecutive weeks of outflows, indicating ongoing investor caution in the crypto market [1][7] - Despite high volatility, certain altcoins are demonstrating resilience, suggesting selective confidence among investors [1] Outflows and Inflows - Digital asset funds recorded a net outflow of $173 million for the week, with total withdrawals over the past month reaching $3.74 billion [2] - Bitcoin saw the largest outflows at $133 million, while Ethereum followed with $85 million in outflows, reflecting ongoing adoption challenges [2][3] - Short-Bitcoin products also experienced outflows of $15.4 million over two weeks, indicating a potential unwinding of bearish positions [2][3] - Conversely, altcoins like XRP, Solana, and Chainlink saw inflows, with XRP leading at $33.4 million, supported by Ripple's cross-border payment use cases [4][5] Regional Sentiment - Outflows were predominantly from the United States, totaling $403 million, while Europe and Canada saw inflows of $230 million [5][7] - Germany led the inflows with $115 million, followed by Canada at $46.3 million and Switzerland at $36.8 million, suggesting non-U.S. investors view current prices as attractive [5] Market Influences - Macro and market data are influencing investor behavior, with outflows coinciding with broader economic concerns despite temporary boosts from softer-than-expected U.S. CPI data [8] - ETP trading volumes fell sharply to $27 billion from $63 billion the previous week, indicating a pullback in trading activity amid market uncertainty [8]