Core Viewpoint - Vanguard is entering the high-yield bond market with its new actively managed ETF, the Vanguard High-Yield Active ETF, which represents a significant shift from its traditional focus on investment-grade bonds [4][5]. Company Developments - In December 2025, Vanguard announced a policy change allowing crypto trading on its platform, marking a departure from its previous stance against cryptocurrencies [2][3]. - The Vanguard High-Yield Active ETF was launched in September 2025, indicating a new direction for the company in the junk bond space [4]. Fund Strategy and Management - The Vanguard High-Yield Active ETF aims to invest in a diversified portfolio of junk bonds, focusing on security selection, sector allocation, and market analysis to outperform the high-yield market [5]. - This ETF is actively managed, contrasting with the majority of Vanguard's ETFs, which are passively managed [6]. - The fund has a competitive expense ratio of 0.22%, significantly lower than the average of 0.59% for similar funds, which could enhance shareholder returns [7][12]. Portfolio Composition - The ETF's current asset allocation includes approximately 48% in BB-rated bonds, 36% in B-rated bonds, and about 9% in bonds rated CCC or worse, with 8% in Treasuries for liquidity [7][9]. Future Outlook - Active management is seen as crucial in the evolving junk bond market, allowing the fund to adapt to changing market conditions [11]. - Vanguard's management team aims for an annual outperformance target of 40 basis points relative to a broad high-yield bond index, supported by a well-resourced team with over 200 investment professionals and more than $2.6 trillion under management [12].

Wall Street bank Goldman Sachs said it is “selectively constructive” on brokers and crypto companies heading into 2026, arguing that a resilient retail trading environment and continued regulatory progress should underpin growth. "We expect the meeting of traditional retail brokerage and crypto trading to continue in 2026, driving increasing competition, potentially impacting market share and product pricing," analysts led by James Yaro wrote in the Monday report. The bank upgraded crypto exchange Coinb ...

Crypto exchange Bit.com has begun a three-step shutdown of its operations, set to conclude on March 31, 2026. According to an announcement shared across its social media channels on Dec. 27, and later confirmed over email, the shutdown is a part of a business restructuring plan. The exchange launched what it calls a "User Asset Migration Plan" to ensure a withdrawal process for customers. Related: After regulatory shutdown, world's largest crypto exchange set to reopen in key market Bit.com over the ye ...

Core Insights - Coinbase Global (COIN) is acquiring The Clearing Company to enhance its presence in the prediction market, with the transaction expected to close next month [1][9] - The prediction market is seen as a promising avenue for event-based trading, allowing COIN to diversify its revenue streams beyond transaction volumes [2] - This acquisition marks COIN's 10th acquisition in 2025, reflecting its strategy to evolve into a comprehensive investment platform [4][9] Company Developments - COIN recently launched a prediction market enabling users to trade on real-world event outcomes, which aligns with its acquisition strategy [2][9] - Max Branzburg, COIN's VP of Product Management, emphasized the shift of the financial system towards on-chain solutions, highlighting the potential of prediction markets [3] - The company aims to support innovation in the prediction market space by leveraging The Clearing Company's expertise [3] Competitive Landscape - Robinhood Markets (HOOD) is also pursuing growth through strategic acquisitions, enhancing its global crypto reach and institutional services [4] - Interactive Brokers Group (IBKR) has made strategic acquisitions to expand its services and improve technology, positioning itself for long-term growth [5] Financial Performance - COIN shares have decreased by 7.5% year-to-date, although this performance is better than the industry average [8] - COIN's price-to-earnings ratio stands at 41.83, significantly higher than the industry average of 23.72, indicating a potentially expensive valuation [10] - The Zacks Consensus Estimate for COIN's fourth-quarter 2025 EPS has decreased by 2 cents, while the estimate for first-quarter 2026 has increased by 7 cents [11]

Trading Performance - The user experienced 19 liquidations [2] - The user bought Bitcoin (BTC) at the peak 5 times [2] - The user panic-sold at the bottom 30 times [2] - The user's fees exceeded their profits [2] Market Sentiment - Crypto trading is still better than traditional finance [1]

Market Trends - Bitcoin 'Santa rally' targets $120K [1] - European Central Bank fully committing to blockchain technology [1] - Ghana legalizes Bitcoin and crypto trading [1] Company News - Japan's Metaplanet now offering dividend shares to investors [1] Investment & Risk - Bitcoin price stalls at $89K as weekly ETF outflows top nearly $500 million [1]

what crypto are you trading this week? ...

JPMorgan weighs offering institutional crypto trading as Wall Street doubles down on digital assets https://t.co/nYizusTmWJ ...

Topic covering this week:✅ Strategy and BitMine- MICROSTRATEGY PRICE TARGET CUT TO $325.00/SHARE FROM $485.00 BY CITIGROUP- Strategy has increased its USD Reserve by $748 million and now holds $2.19 billion and ₿671,268.- BitMine buys $300 million in ether, crossing 4 million ETH treasury milestone✅ JPMorgan Is Exploring Crypto Trading for Institutional Clients✅ Rising geopolitical tensions are pushing Gold and Silver price to ATH✅ Aster announced Stage 5 Buyback Program: will allocate up to 80% of daily pl ...

Discover MEXC’s new Transparency Center and upgraded risk control.See how we’re making crypto trading safer, fairer, and more transparent for everyone:https://t.co/zzBAbbU4cP https://t.co/NCF39JVJHv ...