Approaching Cryptorion https://t.co/KWPZ4023wr ...

Company Insights - Oracle is facing delays in the completion of data centers for OpenAI, pushing the timeline from 2027 to 2028 due to labor and material shortages, which has negatively impacted Oracle's stock performance [6][11] - Oracle's recent fiscal Q2 earnings did not alleviate concerns regarding its significant investments in AI, leading to a decline in stock value and raising more questions about its strategy [6][11] Market Trends - The Dow Jones and Russell 2000 indices have reached new highs, supported by Federal Reserve actions, while Oracle and Broadcom have negatively affected the technology sector [9] - There is a notable interest in marijuana stocks following reports that Donald Trump may ease federal restrictions, indicating potential market shifts [8]

Circle, Paxos and Ripple are among those receiving conditional approval. ...

Core Viewpoint - A viral claim regarding the IRS requiring taxpayers to disclose their cryptocurrency wallets is false, but it has raised concerns about digital-asset privacy and federal oversight [1][6]. Group 1: Misleading Information - A viral post misrepresented an IRS document, suggesting that taxpayers must list their cryptocurrency holdings and public keys, leading to widespread panic [2][4]. - The document in question is actually Form 9297, which is used in specific cases involving delinquent filings or unpaid taxes, not a general requirement for all taxpayers [4][5]. Group 2: IRS Reporting Rules - New cost-basis reporting rules will be introduced by the IRS on January 1, 2026, but these do not require taxpayers to disclose wallet addresses or public keys [5]. - The changes will focus on broker reporting and taxable events rather than wallet inventories, clarifying that Form 9297 is only used in targeted enforcement cases [5]. Group 3: Public Trust and Privacy Concerns - The incident highlights ongoing confusion regarding digital-asset regulations and the impact of misinformation on public trust in financial surveillance [6][7]. - Cryptocurrency advocates emphasize that this situation reflects a growing scrutiny of federal oversight in digital assets, as fears about potential overreach increase with upcoming regulatory changes [7].

Core Viewpoint - Interactive Brokers is enhancing its offerings by allowing retail investors to fund brokerage accounts with stablecoins, aiming to remain competitive in the retail trading market [1][2]. Group 1: Company Developments - The firm will gradually roll out the stablecoin funding feature, starting with a select group of eligible US clients [3]. - Interactive Brokers' chairman, Thomas Petterffy, announced this new capability at a Goldman Sachs conference [3]. - The use of stablecoins enables customers to fund accounts directly from cryptocurrency wallets instead of traditional bank accounts [3]. Group 2: Industry Trends - Traditional brokerages are increasingly integrating crypto-related features to retain retail clients as digital assets become more mainstream [2]. - The move to accept stablecoins positions Interactive Brokers alongside other firms exploring blockchain-based payment systems to enhance transaction efficiency [2]. - The firm has been active in adjacent crypto markets, including leading a $104 million funding round for ZeroHash, a crypto and stablecoin infrastructure provider valued at $1 billion [4].

Bad gifts are temporary. Bitcoin is forever. https://t.co/QppDfai5ht ...

RT Emmett Gallic (@emmettgallic)Entity linked to Ross Ulbricht holding 86K $BTC ($8B) is rotating funds in Coinbase Prime custody.11K $BTC moved so far.Rotations are routine, typically security protocols, but timing is notable given the $3M Silk Road movement and deposit into Coinbase Prime earlier. https://t.co/8SeLTNTbe1 ...

Bitcoin continues to drift toward the lower bound of its recent trading range with any increase in the price seen being met by selling from investors who purchased the largest cryptocurrency near the all-time high reached in early October. https://t.co/0AmMygrtHu ...

A CryptoUK spokesperson told Decrypt the proposed restrictions “risk undermining the UK’s ambition to lead in digital finance.” https://t.co/SeeBe1bPec ...

Core Insights - Gemini Space Station operates as a leading cryptocurrency exchange and custodian platform, facilitating the buying, selling, storing, and trading of digital assets like Bitcoin and Ethereum, while also offering advanced features such as derivatives trading and NFT services [1][2] Group 1: Company Overview - Established in 2014, Gemini Space Station is headquartered in New York City, USA [2] - The platform serves approximately 523,000 monthly transacting users and 10,000 institutions across more than 60 countries, holding money transmission licenses in all 50 U.S. states [1] Group 2: Stock Performance - Gemini Space Station trades near $14, with a 52-week range of $9.67 to $45.89, reflecting a significant decline of over 60% from its post-IPO highs [3] - Despite a recent jump of more than 19% over the last five days, the stock has dramatically underperformed compared to the broader U.S. equity market [3] Group 3: Financial Results - For Q3 FY2025, Gemini Space Station reported revenue of about $49.8–$50.6 million, more than doubling year over year and approximately 50%+ sequentially, slightly exceeding analyst expectations [4] - The company posted a GAAP net loss of $159.5 million, resulting in an EPS of $6.67, which was significantly worse than the consensus loss of around $3.2 per share, indicating a sizable negative earnings surprise [4] Group 4: Operating Performance - Net revenue increased by about 52% quarter-over-quarter, driven by higher trading volumes and the rapid adoption of its crypto credit card [5] - Operating expenses rose to roughly $171 million, more than doubling year over year due to IPO-related stock-based compensation and investments in marketing and technology, leading to negative operating and net margins [5]