Market Forecast - BNY predicts stablecoins and tokenized cash will reach $3.6 trillion by 2030 [1] Institutional Adoption - Institutional adoption is driving the growth of stablecoins and tokenized cash [1]

Core Insights - SoFi Technologies has become the first nationally-chartered bank to offer consumer cryptocurrency trading, marking a significant development in the intersection of banking and cryptocurrency [1][2] - The newly launched platform, SoFiCrypto, allows customers to buy, sell, and hold cryptocurrencies like Bitcoin, Ethereum, and Solana, with a phased rollout to more members in the coming weeks [2][3] Company Developments - The CEO of SoFi, Anthony Noto, emphasized that this initiative represents a pivotal moment for integrating banking and cryptocurrency on a trusted platform, aligning with the company's mission to assist members in managing their finances effectively [2][3] - SoFiCrypto enables members to purchase cryptocurrencies directly using funds from their SoFi Money checking or savings accounts, eliminating the need for transferring funds to a separate account [3] Industry Context - The platform includes educational resources and guidance for new cryptocurrency users, aiming to help them make informed decisions regarding their financial lives and risk tolerance [4] - SoFi's previous digital asset initiatives include SoFi Pay, a blockchain-enabled remittance service, and plans for a SoFi-branded stablecoin by 2026 were hinted at during a recent earnings call [4]

Ethereum Ecosystem - Ethereum is the only chain where major crypto economies settle [1] - Growth areas like stablecoins, L2s, perps, RWAs, restaking, and institutional custody flows plug back into $ETH [1] Bullish Case - Ethereum's bullish case is simple due to its central role in crypto economies [1]

The OG vision of crypto decentralization is struggling:- Decentralized stablecoins? LUSD is alive yet USDC/USDT dominate the market- More supply of Bitcoin and ETH moving to ETFs- DAOs are centralizing (DAO tokens become revenue valued assets)- Most ICOs require KYC- Multiple L2s/L1s shut down their chains following Balancer hackNot all is dark:- Ethereum's L2s are moving from Stage 0 to Stage 1 decentralization- Self-custody is still viable for BTC, and ETH despite growing ETF inflows- DEXs challenging CEX ...

RT Token Terminal 📊 (@tokenterminal)Why stablecoins & RWAs matter for $ETH 👇To date, the market cap of tokenized assets on @ethereum has set the floor for ETH's market cap.The more assets that get tokenized (incl. stablecoins), the more ETH's market cap benefits. https://t.co/6o17AaDp21 ...

RT Capital Markets (@capitalmarkets)Solana now leads as the biggest transfer layer for USDC, with monthly sender counts far outpacing every other chain, according to Token Terminal.More than one-third of all USDC senders now use Solana—highlighting its dominant role in moving stablecoins across the crypto ecosystem ...

Definition and Differentiation - Prediction markets are considered distinct from gambling due to their reliance on research and evidence-based outcomes, rather than chance [1][2] - Trading in prediction markets is likened to trading tokens representing "Yes" or "No" outcomes on real-world events [1] - Prediction markets are defined by definitive contracts based on real-world moments [2] Market Characteristics - Prediction markets are potentially recession-proof, as they are denominated in stablecoins, providing portfolio stability regardless of price fluctuations [2] - The evolution of prediction markets is driven by the creation of more diverse markets catering to a wide range of interests [3]

Industry Overview - Stablecoins are considered crypto's first truly viral product [1] - Stablecoins are used by consumers, businesses, banks, and governments [1] Market Dynamics - Every stablecoin transaction drives demand for blockspace [1]

Core Insights - Wall Street sentiment towards Mastercard is improving, with upward revisions in earnings estimates for 2025 and 2026, projecting EPS of $16.41 and $19.05 respectively, indicating year-over-year growth of 12.4% and 16.1% [1][5] - The company has consistently outperformed EPS estimates over the past four quarters, with an average surprise of 3.1%, and revenue forecasts for 2025 and 2026 are $32.6 billion and $36.7 billion, reflecting growth rates of 15.7% and 12.7% [2][5] Financial Performance - Despite positive estimates, Mastercard shares fell 1.3% in the past month, compared to a 4.3% decline in the broader industry, while peers like American Express saw a 14.1% increase [3] - Mastercard's gross dollar volume (GDV) grew by 8.3% in the first nine months of 2025, following 10.2% growth in 2023 and 8.2% in 2024 [9][11] - Value-added services revenue surged 21.4% year-over-year in the first three quarters of 2025, contributing significantly to overall growth [5][14] Market Position and Strategy - Mastercard is currently trading below its average analyst price target of $658.65, suggesting a potential upside of 19% from current levels [7] - The company is focusing on expansion in emerging markets, particularly Southeast Asia and Latin America, which present significant opportunities for financial inclusion [15] - Mastercard is integrating digital currencies into its network through partnerships, positioning itself as a bridge between traditional finance and the digital asset economy [16][17] Valuation and Costs - Mastercard's forward P/E ratio stands at 29.55X, above the industry average of 20.64X, reflecting its superior growth and innovation [18] - Adjusted operating expenses have increased significantly, with a rise of 10.5% in 2023, 11% in 2024, and 14.4% in the first nine months of 2025 [20] Regulatory Environment - Regulatory challenges are a concern, with recent rulings in the UK and accusations in the US regarding competitive practices potentially impacting revenue growth [21][22] - The company has also faced scrutiny over corporate governance, evidenced by a settlement related to workplace pay bias [23]

I am ashamed to say that I hold a not insignificant portion of the GBP stable supplyDue to limited liquidity I need an OTC counterpartyIf this is not filled in the next 14 months I will be sent to prisonNote: I will not buy Cable Put Options, promise. Don’t refund me.RYAN SΞAN ADAMS - rsa.eth 🦄 (@RyanSAdams):Ok, so.£ stablecoins = $1.65m$ stablecoins = $300bAnd you want to further limit £ stablecoins (no restrictions on $ stablecoins btw) due to risk to your banks?My brother in christ you are the risk to yo ...