We came across a bullish thesis on TeraWulf Inc. on The Analyst's Journal’s Substack by A_Capital. In this article, we will summarize the bulls’ thesis on WULF. TeraWulf Inc.'s share was trading at $13.79 as of January 26th. WULF’s forward P/E was 29.76 according to Yahoo Finance. BigBear (BBAI) Soars 18% on Swing to Profit, AI Expansion TeraWulf Inc., together with its subsidiaries, operates as a digital asset technology company in the United States. WULF represents a highly speculative but potentially ...

Core Insights - BitMine Immersion Technologies (BMNR) has made a $200 million equity investment in Beast Industries as part of its expansion strategy focused on Ethereum [1][10] - The company has received shareholder approval to increase its authorized share count, providing flexibility for future funding and growth initiatives [2] - BMNR is transitioning from Bitcoin mining to building a significant Ethereum treasury, having raised $250 million in a PIPE private placement last year [4] Company Strategy - BitMine is capitalizing on the growth of stablecoins, which enhance the usability of digital assets and support broader blockchain adoption [3] - The company aims to accumulate 5% of Ethereum's total supply, currently holding 3.48%, which translates to approximately 4.203 million ETH valued at $14.5 billion [5][6] - Recent acquisitions, including 35,268 ETH, further strengthen BMNR's Ethereum position [7] Financial Performance - BMNR declared an annual dividend of $0.01 per share, marking it as the first large-cap crypto firm to do so, reflecting a shareholder-friendly approach [8][10] - Despite the strategic moves, BMNR's shares have declined by 25.7% over the past six months, underperforming compared to peers in the technology services industry [9][10] Market Position - The company's stock performance is closely tied to Ethereum's price, which has been volatile, contributing to BMNR's downward trend [13] - BMNR's shares are currently trading below their 50-day moving average, indicating a bearish market sentiment [14] - Valuation concerns persist, with BMNR receiving a Value Score of F, suggesting overvaluation compared to competitors [17] Future Outlook - The Wall Street consensus target price for BMNR is $48.67, indicating potential upside from current levels [19] - The company’s focus on expanding its Ethereum holdings and recent strategic investments position it for long-term growth, despite significant risks from market volatility and regulatory changes [22]

- Acquisition advances Bakkt’s global stablecoin settlement and programmable payments strategy- Company to operate as “Bakkt, Inc.” effective January 22, 2026- Investor Day scheduled for March 17, 2026 at the New York Stock Exchange NEW YORK, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Bakkt Holdings, Inc. (“Bakkt” or the “Company”) (NYSE: BKKT) today announced that it has agreed to acquire Distributed Technologies Research Ltd. (“DTR”), a global stablecoin payment infrastructure provider. Pursuant to the definitive ...

As filed with the U.S. Securities and Exchange Commission on January 12, 2026 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 4 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 BITGO HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 6199 82-3998490 (I.R.S. Employer Identification Number) 101 S. Reid Stree ...

Core Viewpoint - Trump Media & Technology Group (DJT) is launching a new cryptocurrency linked to its Truth Social platform, which may enhance user engagement and create new monetization channels, despite the company's weak fundamentals and the inherent volatility of crypto ventures [1][3][5]. Group 1: Cryptocurrency Launch - The announcement of a cryptocurrency is expected to generate significant publicity, potentially increasing user engagement on Truth Social [3]. - This move indicates a diversification strategy for DJT, moving beyond traditional advertising and subscriptions into the digital asset economy [3]. Group 2: Financial Performance - In the latest reported quarter, DJT's revenue fell below $1 million, indicating weak financial fundamentals and a stretched valuation compared to peers [5]. - The company's losses are increasing, and Truth Social's user base is significantly smaller than that of mainstream platforms, limiting monetization potential [5]. Group 3: Market Sentiment and Technical Indicators - DJT stock has been volatile, down approximately 33% from its July high, with price rallies primarily driven by political momentum rather than improving financials [2][6]. - The stock is trading below its 100-day moving average, indicating a long-term bearish trend [6]. Group 4: Lack of Wall Street Coverage - DJT shares lack coverage from Wall Street, leaving investors without professional guidance and increasing vulnerability to hype-driven market swings [7][8]. - The absence of independent valuation benchmarks or forecasts contributes to heightened risks for investors [8].

Core Viewpoint - Banxa Holdings Inc. has successfully completed a plan of arrangement with OSL Group, resulting in Banxa becoming a wholly-owned subsidiary of OSL Group, with shareholders receiving cash consideration of C$1.55 per share [1][2][10]. Group 1: Arrangement Details - The Arrangement became effective at 12:01 a.m. on January 2, 2026, allowing each registered holder of Banxa Shares to receive C$1.55 for each share held [2]. - The total consideration paid by the Purchaser for the Banxa Shares amounted to C$80,355,230.20, representing 100% of the issued and outstanding shares [10]. - Banxa Shares are expected to be delisted from the TSX Venture Exchange by the close of business on January 5, 2026, followed by delisting from the OTC and Frankfurt Stock Exchange [4]. Group 2: Strategic Implications - The acquisition is seen as a pivotal milestone for Banxa, enhancing its global payment network by integrating with OSL's stablecoin and trading infrastructure, thereby facilitating a bridge between traditional finance and the digital asset economy [3]. - The combined capabilities of Banxa and OSL are expected to create a regulated engine that supports seamless global commerce for partners and users [3]. Group 3: Shareholder Information - Registered shareholders must complete and submit a letter of transmittal to receive their cash consideration [5]. - Non-registered shareholders are advised to contact their intermediaries for assistance in depositing their shares [6]. - Holders of stock options and warrants are encouraged to reach out to the company for information regarding their entitlements under the Arrangement [7]. Group 4: Legal and Compliance - Legal counsel for Banxa and OSL Group during the Arrangement included Cassels Brock & Blackwell LLP and Stikeman Elliott LLP, respectively [8]. - The Purchaser will file an early warning report in compliance with securities laws, which will be accessible on the company's SEDAR+ profile [9].

As filed with the U.S. Securities and Exchange Commission on December 22, 2025 Registration No. 333-290409 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 3 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 BITGO HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 6199 82-3998490 (I.R.S. Employer Identificat ...

Core Insights - 21shares has published its latest State of Crypto report, outlining ten predictions for the evolution of digital assets leading into 2026, emphasizing the transition of crypto from peripheral finance to core infrastructure [1][2][3] Industry Developments - The report highlights a year of synchronized institutional adoption, regulatory clarity, and product innovation, which has strengthened the foundational aspects of the crypto market [2] - Key themes include the evolution of Bitcoin, the growth of the ETP market, the emergence of a trillion-dollar stablecoin market, a revitalized DeFi ecosystem, and the rise of agentic finance [2][3] Predictions for 2026 - Bitcoin's halving cycle is becoming less impactful, indicating a shift towards maturity as a macro asset, with structural inflows and regulatory clarity taking precedence [5] - Global crypto ETPs are projected to surpass the Nasdaq-100 ETF by the end of 2026, with assets under management (AUM) expected to reach $400 billion, driven by increasing regulatory frameworks [5] - The supply of stablecoins is anticipated to grow from over $300 billion in 2025 to $1 trillion in 2026, supported by regulatory advancements [5] - Prediction markets are expected to onboard millions of users, with annual traded volume projected to exceed $100 billion [5] - Tokenized real-world assets (RWAs) are forecasted to increase from $35 billion in total value locked (TVL) in 2025 to over $500 billion in 2026, driven by institutional adoption and regulatory support [5]

Core Insights - 21shares has published its latest State of Crypto report, outlining ten evidence-led predictions for the evolution of digital assets leading into 2026, emphasizing the transition of crypto from the edges of finance to its core infrastructure [1][2][3] Industry Developments - The report highlights a year of synchronized institutional adoption, regulatory clarity, and product innovation, which has anchored the market with structural inflows and macro realignment [2] - Key themes include the evolution of Bitcoin, the growth of the ETP market, a projected $1 trillion stablecoin market, a resurgent DeFi ecosystem, and the rise of agentic finance [2][3] Predictions for 2026 - Bitcoin's halving cycle is becoming less impactful as structural inflows and regulatory clarity take precedence, indicating a maturation of Bitcoin as a macro asset [5] - Global crypto ETPs are expected to surpass the Nasdaq-100 ETF by the end of 2026, with assets under management (AUM) projected to reach $400 billion, driven by increasing regulatory frameworks [5] - The supply of stablecoins is anticipated to grow from over $300 billion in 2025 to $1 trillion in 2026, supported by regulatory advancements like the Genius ACT and MiCA [5] - Prediction markets are expected to onboard millions of users, with annual traded volume projected to exceed $100 billion, driven by geopolitical events and improved crypto infrastructure [5] - Tokenized real-world assets (RWAs) are predicted to increase from $35 billion in total value locked (TVL) in 2025 to over $500 billion in 2026, facilitated by regulatory clarity such as the Clarity Act [5]

Core Insights - PNC Bank has become the first major U.S. bank to enable direct Bitcoin trading for its clients, allowing eligible PNC Private Bank clients to buy, sell, and hold Bitcoin through its digital banking platform [1][11] - This initiative is part of a strategic partnership with Coinbase, aimed at providing secure and innovative digital asset solutions [2][6] Group 1: PNC's Bitcoin Trading Launch - The launch integrates Coinbase's institutional-grade "Crypto-as-a-Service" (CaaS) infrastructure into the PNC Private Bank Online platform, enabling clients to manage Bitcoin transactions securely [3][7] - PNC Private Bank serves high- and ultra-high-net-worth clients, providing them with seamless access to the digital asset economy [3] Group 2: Industry Trends - Other banks, such as JPMorgan Chase and Citigroup, are also adopting crypto infrastructure, indicating a broader industry shift towards integrating traditional banking with digital asset capabilities [4][5] - JPMorgan has launched its blockchain-based JPM Coin for institutional payments, while Citigroup is enhancing its digital asset payment capabilities through a partnership with Coinbase [4][5] Group 3: Future Plans and Market Position - PNC plans to expand access to additional client segments and introduce enhanced features in future phases, broadening its digital asset offerings while maintaining security [8] - The entry into direct Bitcoin trading positions PNC as a first mover among major banks, enhancing its competitive edge in the market [9] Group 4: Financial Performance - PNC shares have increased by 13.7% over the past six months, compared to a 23% growth in the industry [10]