Kraken and Deutsche Börse have inked a strategic partnership to bridge traditional and digital markets. They both announced the deal on Dec. 4, highlighting the improvement that their alliance will bring to the financial ecosystem. Kraken noted that the deal is designed to bring TradFi and crypto closer than ever. Kraken and Deutsche Börse Deal Rolls Out in Phases Kraken and Deutsche Börse have decided to complement each other in bridging TradFi and the DeFi system. Together, these entities will be enga ...

Core Insights - The New York Stock Exchange (NYSE) has partnered with the live video podcast Technology Business Programming Network (TBPN), becoming its exclusive exchange partner, which marks a significant collaboration in the media landscape [6][8][18] - TBPN has gained recognition in the tech and finance sectors within just 11 months, covering major tech IPOs like Figma and Klarna, and aims to leverage its new partnership to expand its audience and influence [6][8][12] Partnership Details - The partnership will officially commence in late December, following initial broadcasts from the NYSE during Figma's IPO in July [2][6] - TBPN will have direct access to the NYSE's resources, events, and personalities, enhancing the show's content and appeal [9][11] Audience and Content Strategy - TBPN hosts, Jordi Hays and John Coogan, are entrepreneurs with backgrounds in tech startups, and the show features high-profile guests from both the tech and entertainment industries [3][4] - The show aims to provide business news through a tech lens, maintaining a critical perspective on the industry while engaging in honest conversations about its impact [12][17] NYSE's Media Strategy - The NYSE has launched the NYSE Partnership Network to support media and content operations, aiming to amplify the stories of the approximately 2,500 companies listed on the exchange [13][14] - The partnership with TBPN is part of the NYSE's broader strategy to enhance its storytelling capabilities and engage with new media formats [15][18]

Core Insights - Nasdaq reported its monthly trading volumes for November 2025, which can be accessed on its Investor Relations website [1] Company Overview - Nasdaq is a leading global technology company that provides services to corporate clients, investment managers, banks, brokers, and exchange operators, facilitating their interactions with global capital markets [2] - The company aims to enhance liquidity, transparency, and integrity within the global economy through its diverse offerings, including data, analytics, software, and exchange capabilities [2] - Nasdaq's client-centric services are designed to help clients optimize and execute their business strategies with confidence [2]

预测市场里的 Kalshi 又融资了，此次直接融了 10 亿美金，让 Kalshi 的估值直接干到了 110 亿美金。10 月份 Kalshi 刚完成 3 亿美金的融资，当时估值 是 50 亿美金《 a16z 和红杉联合领投 Kalshi 3 亿美金，又一华人挑战 Scale AI 一年 900 万美金 ARR 》。 今年 6 月份的时候，Kalshi 刚完成 1.85 亿美金的 C 轮融资，其估值才 20 亿美金， 相当于半年时间其估值从 20 亿直接涨到了现在的 110 亿，增长了 5.5 倍 。 Paradigm 创始人 Matt Huang 说，Paradigm 今年已连续三轮投资了 Kalshi，这是他们见过增长最快的公司之一。他说 预测市场是一种文明尺度的真相 揭示机器，但它们也是对社会所需求的有趣且有用的金融风险敞口集合的一种广度优先搜索（很像 YouTube 是对媒体的广度优先搜索一样） 。 估值如此快速的增长，不仅让其联合创始人 Luana Lopes Lara 成为历史上最年轻的女性亿万富翁之一，也让其最早的投资人 YC 在 6 年前投的 15 万美 金变成近 7 亿美金 （由于融资稀释， ...

Kalshi is now offering tokenized versions of its event-contract wagers on Solana, the company told CNBC, marking its clearest bid yet to attract crypto traders who have gravitated to on-chain platforms like Polymarket. The setup tokenizes Kalshi’s existing event markets, spanning politics to macro data, and makes them tradable on Solana, according to the Monday report. Tokenized contracts work the same as Kalshi’s traditional products, but on-chain trading adds anonymity and aligns the exchange more clos ...

Robinhood recently announced a new step into prediction markets. The company is teaming up with Susquehanna to launch a CFTC-licensed futures and derivatives exchange. JB Mackenzie, Vice President and General Manager of Futures and International at Robinhood Markets talks about entering a crowded field that includes players like Kalshi and how it's navigating rising tensions among rivals on "Bloomberg Markets" with Katie Greifeld. ...

Andrew Hecht is a 35-year Wall Street veteran covering commodities and precious metals. He runs the investing group The Hecht Commodity Report, one of the most comprehensive commodities services available. It covers the market movements of 20 different commodities and provides bullish, bearish and neutral calls; directional trading recommendations, and actionable ideas for traders. Learn more.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, an ...

Core Insights - The article highlights Andrew Hecht's extensive experience in the commodities and precious metals markets, emphasizing his role in providing comprehensive market analysis and trading recommendations through The Hecht Commodity Report [1]. Group 1: Analyst Background - Andrew Hecht has 35 years of experience on Wall Street, focusing on commodities and precious metals [1]. - He operates The Hecht Commodity Report, which covers market movements of 20 different commodities [1]. - The report offers various market calls, including bullish, bearish, and neutral recommendations, along with actionable trading ideas [1].

Core Viewpoint - Nasdaq, Inc. has announced cash tender offers for its outstanding Notes, with a maximum purchase price of $95 million, subject to specific caps on different series of Notes [1][3]. Group 1: Tender Offer Details - The company is offering to purchase up to $80 million of its 5.350% Senior Notes due 2028 and up to $10 million of its 3.950% Senior Notes due 2052 [1]. - The total consideration for each $1,000 principal amount of Notes validly tendered before the Early Tender Date will include an early tender premium [5][6]. - The Tender Offers will expire at 5:00 p.m. New York City time on December 30, 2025, with an Early Tender Date of December 12, 2025 [4][10]. Group 2: Payment and Settlement - Payment for Notes accepted for purchase will be made promptly following the Expiration Date, anticipated to be December 31, 2025, with potential early settlement for those tendered before the Early Tender Date [9]. - Holders of Notes accepted for purchase will receive accrued and unpaid interest from the last interest payment date to the applicable settlement date [7]. Group 3: Purpose and Funding - The purpose of the Tender Offers is to reduce the company's total outstanding public debt [8]. - The company intends to fund the purchase of validly tendered and accepted Notes with available cash on hand and other sources of liquidity [8].

Economic Indicators - Japanese corporate spending on factories and equipment rose by 2.9% in July-September compared to the same period last year, indicating resilience in the economy despite U.S. tariffs [1][12] - The yen gained 0.2% to 155.84 per dollar, moving away from its 10-month low of 157.90, which raised concerns about potential yen-buying interventions from Tokyo [2][12] Currency Market Dynamics - Finance Minister Satsuki Katayama noted that recent fluctuations in the foreign exchange market and the rapid weakening of the yen are not fundamentally driven [4][12] - The dollar has experienced a broad pullback, providing some relief to the yen, although it remains only 0.9% stronger for the year and is near lows against the euro and sterling [6][12] Federal Reserve Outlook - Markets are pricing in an 87% chance of a 25 basis point rate cut by the Federal Reserve in the upcoming meeting, influenced by recent shifts in Fed easing expectations [7][12] - The dollar faced its worst week in four months, impacted by the potential nomination of Kevin Hassett as the next Fed chair and expectations of a dovish policy shift [8][12] Other Currency Movements - The euro slightly increased by 0.02% to $1.1600 against a weaker dollar, while the British pound remained stable at $1.3240 after a positive budget announcement [6][7][12] - The Australian dollar decreased by 0.08% to $0.6543, and the New Zealand dollar fell by 0.09% to $0.5733, reflecting broader market trends [9][12] Cryptocurrency Performance - Bitcoin dropped by 3.6% to $87,881.82, while ether fell by 5% to $2,871.59, indicating volatility in the cryptocurrency market [10][12]