RT Token Terminal 📊 (@tokenterminal)🏦⛓️ Fintechs like @Ripple can use @aave to grow their stablecoin.Deposits of Ripple’s RLUSD on Aave increased by ~300% in H2 ’25, from ~$200M to ~$800M. https://t.co/BdPNvoE5Ud ...

Core Insights - The evolution towards an economic system where software and devices transact autonomously without human involvement is underway [1] - Machines will not only execute transactions but also make decisions and coordinate with each other in real-time, leading to fully autonomous supply chains [2][3] - Continuous micro-transactions and machine-to-machine (M2M) payments are essential for the viability of this new machine economy, akin to how electricity enabled mass production [3][4] Group 1 - The new economy will rely on billions of tiny, continuous transactions rather than large, infrequent payments [3] - Blockchains are positioned as the critical infrastructure for enabling these microtransactions, similar to how electricity served as the power grid for modern industry [4][5] - Current payment systems are outdated, resembling pre-electricity methods that are episodic and heavily mediated by humans [6] Group 2 - M2M payments combined with micro-transactions will create an ambient value exchange, allowing machines to operate continuously without interruption for payments [7] - The advent of blockchain technology facilitates instant and low-cost value transfer globally, which is crucial for the implementation of continuous M2M payments [8]

Core Insights - The future of work will increasingly value uniquely human qualities, with AI augmenting rather than replacing human roles [1][4] - The integration of AI is expected to create more meaningful and high-productivity jobs, while reducing the need for technical expertise in coding [2][5] - Skills such as critical thinking, communication, and emotional intelligence will become more essential in the job market [4][6] Company Insights - Anthropic, co-founded by Daniela Amodei and her brother Dario, emphasizes the importance of hiring individuals with strong communication and emotional skills [1][4] - The company is focused on developing AI tools that complement human capabilities, rather than solely relying on technical skills [2][5] - Amodei's background in literature highlights the value of humanities education in understanding human behavior and fostering critical thinking [3][6] Industry Insights - The release of AI-coding tools has led to significant market reactions, indicating a shift in the tech landscape towards less reliance on traditional coding skills [2] - The emphasis on soft skills aligns with broader industry trends, as leaders like JPMorgan's CEO recognize the growing importance of emotional intelligence in the workforce [4] - The evolving job landscape suggests that while some jobs may be eliminated, new opportunities will arise for those equipped with the right interpersonal skills [5][6]

Core Thesis - SoFi Technologies, Inc. is positioned as a leading digital finance platform, transitioning from a student-loan specialist to a diversified financial services provider, with significant growth in revenue and membership [2][5]. Financial Performance - SoFi's revenue has surged from approximately $250 million in 2018 to a projected run-rate of $3.5 billion by 2025, with membership increasing from 650,000 to 12.6 million [2]. - In Q3 2025, GAAP net revenue increased by 38% year-over-year to $961.6 million, with financial services revenue rising by 76% and fee income doubling to $216 million [3]. - Adjusted EBITDA reached $276.9 million, reflecting a 29% margin, supported by strong credit metrics and low charge-offs [4]. Business Model and Growth - Financial services now contribute 55% of total revenue, while lending has decreased to 45%, indicating a successful diversification strategy [3]. - The company has maintained a combined growth-plus-EBITDA margin exceeding the "Rule of 40" for 16 consecutive quarters, demonstrating effective scaling alongside profitability [3]. Membership and Product Expansion - In Q3, SoFi added 905,000 new members and 1.4 million new products, indicating robust user growth and increasing monetization per account [4]. - The recent $1.5 billion equity offering, despite causing short-term volatility, is expected to enhance SoFi's capital base for ongoing growth [5]. Market Sentiment - The stock price of SoFi has appreciated approximately 91.29% since previous bullish coverage, reflecting strong market confidence in its growth trajectory and profitability [6].

Market Overview - U.S. equity markets experienced a rebound, with stocks rising approximately 1.7%, while small-cap stocks surged by 3.4% [1][3] - Bitcoin saw a significant increase of nearly 12%, reaching $70,000 per coin, after being about $10,000 lower the previous day [2] Sector Performance - The rotation in the market is shifting focus from large-cap tech stocks to sectors such as biotech, electronic components, airlines, trucking, and banks [3][8] - The S&P 500 and NASDAQ indices rose by almost 2%, while the Russell 2000 small-cap index outperformed with over 3% gains [3][4] Earnings Reports - 78.5% of S&P 500 companies that reported earnings exceeded expectations, although this is a decline from previous quarters [5][6] - The mixed reactions to big tech earnings indicate ongoing market focus on these companies despite the broader market rotation [6][8] Investment Strategies - There is a growing interest in diversifying investments beyond large-cap tech stocks into small-cap and cyclical value stocks [16][78] - The market is seeing a shift towards non-U.S. equities, which have gained 7.25% year-to-date, contrasting with a 4.5% decline in concentrated tech names [78][80] Demographic Trends in Real Estate - The senior housing market is experiencing growth due to demographic trends, with a significant increase in the aging population, particularly as baby boomers turn 80 [20][24] - Ventas, a real estate trust, is focusing on acquiring senior housing properties, targeting $2.5 billion in investments, driven by strong demand and limited new construction [24][28] Prediction Markets - The rise of prediction markets is impacting traditional sports betting, with estimates suggesting they could account for about 5% of total wagers [38][42] - Interactive Brokers is positioning itself in the prediction market space, focusing on economic and environmental contracts rather than sports [50][55]

Core Insights - Broadridge Financial Solutions, Inc. is a significant player in the fintech industry, providing technology-driven solutions to financial institutions, including investor communications, securities processing, and data analytics [1][6] - The company has announced its acquisition of CQG to enhance its trading solutions and expand its global market presence [3][6] Financial Metrics - Broadridge has a price-to-earnings (P/E) ratio of 23.40, a price-to-sales ratio of 3.06, and an enterprise value to sales ratio of 3.51, indicating its market valuation and position [4][6] - The company's debt-to-equity ratio is 1.32, and its current ratio is 0.93, which may suggest potential liquidity challenges [5] - The enterprise value to operating cash flow ratio is 18.51, and the earnings yield stands at 4.27%, providing insights into the company's valuation against its cash flow and return on investment for shareholders [5]

Core Insights - The global payments market, valued at $2.5 trillion, presents significant opportunities for companies that can facilitate seamless money movement [1] - Both Block Inc. and PayPal Holdings Inc. are key players in this competitive landscape, with their future trajectories potentially defined by their advancements in technology and revenue streams [2] PayPal Initiatives - PayPal's stock has decreased by 37.28% over the past year, but the company is pursuing three key initiatives: PayPal World, AI agents, and cryptocurrencies/stablecoins, which could help reverse this trend [3] - PayPal World, announced for June 2025, will enable customers to pay global merchants using their preferred payment method in local currency, integrating with other payment services [4] - The introduction of AI shopping allows customers to interact with AI agents for various services, such as booking rides and making payments [4] - PayPal facilitates buying, selling, and sending cryptocurrencies within its wallets and offers its own stablecoin, PayPal USD (PYUSD), which is pegged to the U.S. dollar and provides a 4% annual yield [5] - The peer-to-peer payment service Venmo generated approximately $900 million in revenue for PayPal in 2021, with expectations to reach $2 billion by 2027 [6] Block's Growth Strategy - Block's shares have also declined by 22.48% over the past year, but the company is focused on expanding its Cash App into a comprehensive financial platform [7] - The Cash App is evolving beyond simple peer-to-peer payments to include banking, savings, direct deposit, bill payments, and an AI-powered money assistant, enhancing user control over their finances [7] - In Q3 2025, Block reported a gross profit of $1.62 billion from Cash App, reflecting a 24% year-over-year increase [8]

RT Jeff Kauflin (@JeffKauflin)1/ For over a year, fintech startup TomoCredit has continued selling a credit-boosting product (charging up to $1K per subscription) that’s highly misleading and rarely works, because the credit bureaus no longer accept its data. The customer stories are disturbing: https://t.co/bAflulHe97 ...

Market Overview - Major indices experienced a significant turnaround, with all major indices up at least 2% on the day, marking a notable recovery from previous declines [2][3] - The Dow Jones Industrial Average reached above 50,000 for the first time, gaining 1,200 points or approximately 2.5%, setting a record high [7] - The S&P 500 increased by over 130 points or 2%, marking its best day since May of the previous year [3][7] Sector Performance - The Russell 2000 saw a notable increase of 3.6%, indicating strong performance in small-cap stocks [8] - Information technology sector led the gains, rising by 4%, while industrials and financials also performed well [9] - Consumer discretionary sector declined by about 0.7%, with communication services being the biggest loser, down approximately 1.5% [9] Notable Stocks - Robinhood emerged as the top gainer in the S&P 500, with shares surging nearly 14%, attributed to its ties with the recovering crypto market [10][11] - Under Armour's stock rose over 19% after reporting a quarterly profit and slightly exceeding revenue estimates, with a year-to-date increase of about 50% [13] - Amazon shares fell by 5.6% following the announcement of a $200 billion investment plan for data centers and AI workloads [15][16] Company-Specific Developments - Bitcoin Treasury reported a fourth-quarter net loss of $2.4 billion, but analysts remain optimistic about its cash reserves allowing it to withstand further downturns [12] - Stellantis faced a significant decline of 24% in its stock price due to challenges related to its electric vehicle strategy and substantial charges linked to previous management decisions [19][20] Market Sentiment - The overall market sentiment appears to be shifting towards a "risk-on" approach, with investors showing renewed interest in equities and crypto assets [6] - Despite the positive day, software stocks continued to decline for the fourth consecutive week, indicating ongoing challenges in that sector [20]

Core Viewpoint - Affirm's CEO Max Levchin expresses confidence in the resilience of the US consumer, countering recession narratives by highlighting strong demand for the company's buy now, pay later (BNPL) services [1][7] Company Performance - Affirm reported a 36% year-over-year increase in gross merchandise volume (GMV) for the past quarter, although guidance suggests a slowdown to 30% growth in Q3 and 25% in Q4 [5] - The company has maintained "very solid" repayment curves over the past eight quarters, indicating stable financial performance among borrowers [2] Consumer Sentiment - Despite Affirm's positive outlook, the University of Michigan's Index of Consumer Sentiment indicates a decline, with the index at 57.3 in February, 20% below last year's peaks [3][4] - This suggests that while consumers are utilizing BNPL services, they are doing so amidst concerns about inflation and labor market conditions [4] Competitive Position - Levchin asserts that Affirm's proprietary AI underwriting is crucial for maintaining high credit quality, allowing the company to identify "healthy" consumers [3] - The company has established a strong brand presence, with 96% of transactions coming from existing consumers, positioning itself as a competitor to major players like PayPal [6]