Market Trends & Predictions - Altcoin season is approaching, with potential for significant gains in the next one to two quarters [7][8] - The crypto market cycle is evolving differently this time [8] - Bitcoin's price is projected to reach $200,000 in the future [14] - Bitcoin could potentially supplant gold over time, with a possible valuation exceeding $1 million [23] - Bitcoin is expected to build upon $120,000 before the end of the year, potentially reaching $200,000 to $250,000 [23][24] Regulatory Landscape & Institutional Adoption - SEC is promoting crypto in the US, with initiatives to allow companies to create super apps for digital asset trading, lending, staking, and custody [4][5] - The SEC's previous approach to the crypto industry was ineffective and injurious, driving jobs, innovation, and capital overseas [6] - Binance is partnering with Franklin Templeton to develop digital asset initiatives [9] - Dogecoin, Hideera and Litecoin ETFs are anticipated soon [10] - Market structure bill (Clarity Act) is expected to pass in October or November [11] - BlackRock is recommending Bitcoin, Ethereum, and crypto, including Bitcoin in its ideal 2025 portfolio [13] Portfolio Allocation & Investment Strategies - Hard assets like gold and Bitcoin should be considered for portfolio balance against potential currency depreciation [1][18] - A 5% allocation to Bitcoin seems high to some, with a preference for gold as a currency hedge [15][19][20] - Staying long on equities oriented towards growth in technology is recommended [17] - Fixed income offers attractive returns, with opportunities to clip 6% [17] On-Chain Metrics & Exchange Dynamics - Bitcoin addresses with a history of buying and never selling are at record levels [2] - Ethereum reserves on exchanges have plunged to 172 million ETH, a 30% decrease from 25 million ETH in 2023 [3]

Core Insights - Franklin Templeton and Binance announced a partnership to develop new digital asset products, aiming to enhance regulatory standing and market offerings [1][3] - The collaboration combines Franklin Templeton's asset management expertise with Binance's trading infrastructure, which handled an average daily volume of $36.6 billion in Q1 2025 [3] - The partnership is expected to accelerate the adoption of tokenized securities, particularly in fixed income and alternative investments [6] Company Overview - Franklin Templeton manages $1.6 trillion in assets and has been active in the blockchain space, previously launching tokenized money market funds [3][4] - Binance is the world's largest crypto exchange with over 275 million users and is focused on connecting crypto with capital markets as part of its compliance strategy [1][5] Strategic Implications - The partnership positions Franklin Templeton to compete with major players like BlackRock and Fidelity in the digital asset space [6] - Executives from both firms emphasized the need for reliable solutions for investors curious about digital assets [5] - Specific product details from the collaboration are yet to be disclosed, indicating ongoing developments in the partnership [6][7]

Core Insights - Binance has formed a strategic partnership with Franklin Templeton to develop new digital asset initiatives and investment solutions for a wide range of investors [1] - The collaboration aims to integrate Franklin Templeton's expertise in compliant tokenization of securities with Binance's global trading infrastructure [2] Leveraging Tokenization and Market Infrastructure - The partnership seeks to enhance transparency, efficiency, and accessibility in global capital markets by combining Franklin Templeton's tokenization experience with Binance's market infrastructure [3] - The companies plan to co-create products that offer competitive yields and improve settlement processes [3] Bridging Traditional and Decentralized Finance - The executives from both firms emphasized the potential of tokenization to connect traditional finance with decentralized finance [5] - Franklin Templeton has made significant investments in blockchain solutions, including its Benji Technology Platform for tokenized securities [5] Industry Implications - The partnership is timely, as institutional adoption of digital assets is increasing, driven by interest in tokenized funds and blockchain-enabled investment vehicles [8] - Both companies view the collaboration as a response to rising client demand for secure, regulated, and scalable digital asset products [8]

SAINT PETERSBURG, Fla., Sept. 10, 2025 (GLOBE NEWSWIRE) -- CYBER HORNET ETFs, a pioneering investment firm focused on bridging traditional finance and digital assets, today announced that veteran sales and distribution executive Brian J. Haskin has joined the firm as Managing Director, Head of Institutional Sales. In this role, Haskin will be responsible for leading the firm's sales efforts with institutional investors, registered investment advisors, and broker-dealer platforms. "We're thrilled to have Bri ...

RT BSCN (@BSCNews)RIPPLE PARTNERS WITH BBVA TO BRING BITCOIN AND ETHER CUSTODY TO SPAIN- Ripple has struck a new deal with Spain’s BBVA, deepening their European collaboration. The bank will use Ripple Custody to manage bitcoin and ether holdings for retail customers in Spain.- The partnership builds on BBVA’s launch of crypto trading and custody services earlier this year.- With Ripple’s institutional-grade custody technology, BBVA can deliver secure and compliant services directly to clients.- Francisco M ...

Core Insights - Siebert Financial Corp. has launched Digital Assets Research within its Capital Markets division, appointing Brian P. Vieten as Research Analyst to provide institutional-grade research on cryptocurrency and blockchain-related sectors [1][2]. Group 1: Company Developments - The new Digital Assets Research group aims to publish research on cryptocurrency, blockchain infrastructure, Web3 applications, and public companies with significant exposure to digital assets, enhancing Siebert's research capabilities [1][4]. - Brian P. Vieten, with nearly a decade of equity research experience and eight years in the crypto space, previously worked at Needham & Company focusing on Crypto Assets and Blockchain [2][4]. - The initiative is part of Siebert's broader strategy to expand its institutional services and support clients in navigating the evolving digital asset landscape [4][6]. Group 2: Market Trends - There is a growing client demand for rigorous digital asset research, indicating a shift in market focus towards cryptocurrency and blockchain technologies [2][3]. - The integration of tokenization and decentralized finance (DeFi) is blurring the lines between traditional finance (TradFi) and the digital ecosystem, highlighting the need for informed research [3][4]. - Digital assets are increasingly recognized as a significant factor reshaping market structures and investor behaviors, moving beyond being a niche topic [4].

Core Insights - Gemini, the cryptocurrency exchange founded by the Winklevoss twins, is preparing to go public in New York with Nasdaq as a strategic investor [1][2] - The share sale could raise up to $317 million, with Nasdaq expected to invest about $50 million in a private placement [2] - Gemini plans to trade under the ticker symbol "GEMI" and will establish a partnership with Nasdaq for institutional clients [2][4] Company Overview - Gemini currently holds approximately $21 billion in client assets and has processed over $285 billion in trading volume [5] - The company offers a range of services including retail and institutional services, an over-the-counter desk, a credit card, and trading in major cryptocurrencies [5] - Financially, Gemini reported a net loss of $282.5 million on $68.6 million in revenue for the first half of 2025, which is a significant increase from a $41.4 million loss a year earlier [5] Market Context - The public offering comes at a time when U.S. equity markets are experiencing renewed demand for new deals, particularly in tech and crypto-related sectors [4] - A successful debut would position Gemini as the third publicly traded cryptocurrency exchange, following Coinbase and Bullish [4] Historical Context - The Winklevoss twins gained prominence through their legal battle with Facebook and have been significant investors in Bitcoin since the early 2010s [6] - Their efforts to take Gemini public reflect the increasing integration of digital assets into traditional financial markets [6]

Cboe Global Markets, one of the world’s largest derivatives and securities exchange networks, has announced plans to launch Cboe Continuous Futures on its Cboe Futures Exchange (CFE) starting November 10, 2025, pending regulatory approval. The new product line will debut with Bitcoin and Ether contracts, giving U.S. traders access to long-term exposure to digital assets within a regulated, centrally cleared environment. Unlike traditional futures, which typically expire monthly or quarterly and require r ...

Summary of TMX Group FY Conference Call - September 08, 2025 Company Overview - **Company**: TMX Group (OTCPK:TMXX.F) - **Industry**: Financial Services, specifically focusing on exchanges, asset management, and trading. Key Points Macro Environment and Market Performance - Global uncertainty and interest rate outlook are driving elevated trading volumes across TMX's marketplaces, with open interest growth of approximately **60% year-to-date** on the Montreal Exchange [2][3] - Equity volumes have increased by **14% year-over-year**, indicating strong market activity [2] IPO Market and Listings - There are signs of a global resurgence in IPO activity, with Canada traditionally following the US market trends [4] - The current IPO pipeline is robust and diverse, with over **50%** of the pipeline consisting of companies outside Canada, particularly in the innovation sector [5][6] Trading Business and Derivatives - TMX has seen strong growth in Canadian derivatives, particularly in longer-term contracts, with the two-year and five-year contracts showing growth rates of approximately **27%** and **30%** respectively [11] - The company categorizes its derivatives trading and clearing business as a strong grower, with a **CAGR of about 11%** over the last ten years [10] Technology and Innovation - TMX launched a new ATS in the US, which has shown solid trading volume growth, leveraging in-house technology from both the Montreal and Toronto Exchanges [12][14] - The company is exploring opportunities to port this technology back to Canada to enhance existing trading platforms [16][17] Post-Trade Modernization - TMX's post-trade modernization project has successfully gone live, allowing for the introduction of new products like SGC Notes and CCMS, which are expected to generate meaningful revenue moving into 2026 [21][22] Global Insights and Trayport - The Trayport business is experiencing strong growth driven by client renewals and geographic expansion, particularly in Japan and the US [24][29] - TMX added **82 new client logos** in the last year and a half, indicating ongoing market expansion [25] ETF Growth and Vedify - ETFs are one of the fastest-growing subsectors in asset management, with Vedify focusing on creating bespoke indices and launching ETFs based on client needs [36][37] - Vedify has been growing at a pro forma basis of **15%** since its acquisition, indicating strong performance [40] M&A Strategy - TMX is open to pursuing acquisitions that align with its growth strategy, with a focus on maintaining a leverage ratio within the target range of **1.5 to 2.5 times** [56][58] - The company is interested in both small tuck-in acquisitions and larger, more impactful acquisitions if they align with strategic goals [62] Digital Assets and Market Trends - TMX is monitoring the evolving landscape of digital assets and tokenization, with a cautious approach based on regulatory developments in the US [63][64] - The company is prepared to support Canadian banks in meeting client demand for crypto-related services, contingent on market conditions [66] Retail Engagement - Canadian retail investors are generally more conservative compared to their US counterparts, with limited engagement in options trading [72] - TMX is willing to create markets if there is sufficient demand, indicating a responsive approach to market needs [74] Data Links and Revenue Growth - Data Links is experiencing growth driven by increased demand for colocation services and cross-selling opportunities following the acquisition of Vedify [75][76] - The company is exploring additional datasets to complement its trading data, aiming to enhance the quality and value of its offerings [78][79] Conclusion TMX Group is navigating a complex macroeconomic environment while capitalizing on growth opportunities in trading, technology, and asset management. The company is focused on innovation, strategic acquisitions, and responding to market demands, positioning itself for continued success in the financial services industry.

Company Overview - Fundstrat 联合创始人 Tom Lee 的 SPAC 公司 FutureCrest Acquisition 已于 9 月 5 日向美国 SEC 提交了 250 million 美元的 IPO 申请 [1] Investment Focus - 该 blank-check 公司目标投资于 AI（人工智能）, fintech（金融科技）和 digital assets（数字资产）领域 [1] Stock Market Information - FutureCrest Acquisition 计划在纳斯达克上市，股票代码为 FCRSU [1]