Core Viewpoint - The cryptocurrency market is experiencing a rally, with a focus on XRP as a key player due to its technology and business model that facilitate efficient cross-border transactions [1][2][3]. Group 1: XRP Overview - XRP is among the top-10 cryptocurrencies, valued for its ability to enable low-cost, near-instantaneous cross-border transactions [2][3]. - The token is currently trading near $2 and has previously reached $3 twice in 2025, indicating potential for future growth [6]. Group 2: Market Context - The broader cryptocurrency market has faced challenges, with many top tokens down 50% or more year-to-date, while XRP remains flat [6][7]. - Factors contributing to the current market environment include expectations of interest rate stability and concerns about market bubbles [8]. Group 3: Future Outlook - For XRP to reach the $3 level by 2026, several bullish factors must align, including a favorable macroeconomic environment, positive regulatory developments, and increased adoption [9]. - The potential for XRP's growth is contingent on the expansion of cross-border payment systems and banking partnerships [6][9].

Let's turn our attention to crypto and welcome in our next guest. Joining us now, Fong Lee, the president and CEO of Strategy. Fong, thank you for taking the time to be with us this afternoon.Now, Strategy just completed its largest single time Bitcoin purchase since July. You added nearly a billion dollars in just the past week. You know, what drove the timing and the scale of this latest acquisition.>> Yeah, look, Bitcoin is always an important purchase and a good buy for us at any point in time. Uh two w ...

Core Insights - Dogecoin has experienced a significant decline in value, dropping 53% in the first 11 months of 2025, raising questions about its investment viability [1] - Despite its market cap of $23 billion, Dogecoin is viewed as a risky investment due to its reliance on hype cycles and lack of real-world utility [3][4] - In contrast, Bitcoin is recommended as a more stable investment, having increased by 22,550% over the past decade and maintaining a market cap of $1.8 trillion [6] Group 1 - Dogecoin's price is currently 80% lower than its peak, indicating a potential end to its hype-driven price movements [4] - The cryptocurrency's community support is acknowledged, but it does not compensate for its lack of a fundamental value proposition [4][5] - Long-term prospects for Dogecoin are uncertain, with the possibility of further price declines in the coming years [5] Group 2 - Bitcoin's scarcity, with a hard cap of 21 million units, is highlighted as a key factor in its value proposition [7] - The decentralized nature of Bitcoin and its historical security record, having never been hacked, further enhance its appeal as a leading digital asset [8] - The recommendation is made for investors to consider Bitcoin over Dogecoin for long-term investment potential [6]

Key Points Cardano's big move today has this token appreciating faster than all its mega-cap peers. This move appears to be a direct result of a new strategic road map Cardano's CEO Charles Hoskinson outlined today. Here's what investors need to know about this key update from the Cardano team, and what it means for this network's future growth and development. 10 stocks we like better than Cardano › Of all the household names making big moves in today's session, Cardano (CRYPTO: ADA) is the clea ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Galaxy Digital Inc. As filed with the Securities and Exchange Commission on December 9, 2025 Registration No. 333-290956 (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) Delaware 6211 87-0836313 (I.R.S. Employer Identification Num ...

Core Insights - XRP has shown respectable gains but continues to lag behind the broader digital asset market surge, raising questions about the strength of its price movement as Bitcoin surpassed $94,000 [1] - The divergence between a strong macro rally and XRP's weak relative performance suggests a more nuanced technical outlook in the near term [1] Market Performance - Institutional flows have not significantly accelerated, with 24-hour volume 5.88% below its 7-day average despite positive price action [2] - XRP underperformed the CD5 index by 1.55%, indicating a sector rotation away from XRP during the risk-on market environment [2] Derivatives Market Activity - A significant unwinding of bearish positions occurred, with 107,333 traders liquidated in 24 hours, totaling $387.5 million in forced exits, including a notable $23.98 million BTC long liquidation [3] - Bitcoin's rise above $94,000 triggered a broad rebound across major crypto assets, with most large-cap tokens experiencing immediate upside volatility [3] Technical Analysis - XRP maintains a constructive intraday structure with higher highs and higher lows, but its underlying momentum is inconsistent compared to other major cryptocurrencies [3] - Support is forming at $2.05, with multiple intraday tests holding convincingly, while a rally towards $2.17 established a new local resistance level [3] - Momentum indicators on lower timeframes show a softening follow-through after a breakout attempt, indicating profit-taking rather than a trend reversal [3] - XRP's relative underperformance, in the context of Bitcoin's upward movement, may signal either delayed upside catch-up or deeper consolidation if macro momentum fades [3]

Core Points - SOL Global Investments Corp. has announced a share consolidation of its common shares at a ratio of ten Pre-Consolidation Common Shares for one Post-Consolidation Common Share [1][3] - The record date for the consolidation is set for January 14, 2026, with trading of the new shares expected to begin on the same date, pending approval from the Canadian Securities Exchange [2] - The consolidation aims to support long-term shareholder value amidst improving conditions in the digital asset markets, particularly within the Solana ecosystem [3] Company Actions - The Board of Directors approved the consolidation during the annual general and special meeting of shareholders held on February 21, 2025 [3] - All outstanding stock options, deferred share units, and performance share units will be proportionately adjusted to maintain their economic value post-consolidation [3] - Letters of transmittal will be sent to registered shareholders with instructions for exchanging existing share certificates for new ones [4] Post-Consolidation Details - After the consolidation, the company will have approximately 22,999,743 Post-Consolidation Common Shares outstanding [1] - The new shares will have a different CUSIP and ISIN number, and no fractional shares will be issued; any fractions will be rounded down [5] - The company's name and trading symbol will remain unchanged following the consolidation [2] Strategic Focus - The company is strategically focused on the Solana ecosystem, aligning with recent developments in blockchain technology and infrastructure upgrades, including the upcoming Alpenglow consensus protocol [3] - This focus is expected to enhance Solana's scalability and transaction settlement speed, reinforcing the company's investment strategy in digital assets [3][6]

Core Insights - The initial success of companies investing in Bitcoin and digital tokens has rapidly turned into significant losses, with many firms experiencing drastic declines in stock prices [1][5]. Group 1: Market Trends - The strategy of using corporate cash to purchase Bitcoin and other digital tokens was popularized by Michael Saylor, leading to a surge in share prices for over a hundred companies that adopted this model [2]. - Digital asset treasuries became a major trend in public markets, attracting investments from notable figures such as Peter Thiel and the Trump family [2]. Group 2: Company Performance - SharpLink Gaming Inc. saw its stock price increase by over 2,600% after announcing a pivot to acquiring Ethereum tokens, but has since fallen 86% from its peak, now valued at less than its digital token holdings [3][4]. - Greenlane Holdings experienced a more severe decline, with its stock plummeting over 99% despite holding approximately $48 million in BERA crypto tokens [4]. Group 3: Investor Sentiment - Analysts indicate that investors have recognized the lack of yield from holding digital assets, leading to a contraction in stock prices for many companies involved in this trend [5]. - The median stock price for US and Canadian-listed companies that became digital asset treasuries has decreased by 43% this year, while Bitcoin itself has only dropped about 6% [5]. Group 4: Future Outlook - A significant portion of digital asset treasuries are projected to end the year below their starting prices, with 70% of these companies on track for losses [6].

Core Viewpoint - Strive, a significant public holder of Bitcoin, is opposing MSCI's proposal to exclude companies with substantial digital-asset exposure from its global indexes, arguing it could hinder passive investors from accessing rapidly growing market segments [1][10]. Group 1: MSCI Proposal and Its Implications - MSCI's plan aims to exclude firms whose crypto holdings exceed 50% of total assets, which Strive warns could limit investor access to key growth sectors [3][10]. - JPMorgan analysts have indicated that the exclusion could lead to losses of up to $2.8 billion for Strategy, a Bitcoin treasury company included in the MSCI World Index [4][10]. Group 2: Role of Bitcoin-Focused Firms - Strive's CEO, Matt Cole, contends that large Bitcoin-focused firms are crucial for emerging industries like artificial intelligence, as they are retooling data centers for high-intensity compute workloads [5][10]. - Cole emphasizes that miners are uniquely positioned to meet the increasing power demands of AI, and that companies will continue to hold significant Bitcoin reserves even as AI revenue grows [6]. Group 3: Financial Products and Market Dynamics - There is a rising demand for Bitcoin-linked financial products, with firms like Strategy and Metaplanet providing equity-based access to Bitcoin performance without requiring direct asset ownership [7]. - Excluding treasury companies could create an uneven playing field for traditional financial institutions, as index-linked capital would become biased against Bitcoin-centric business models [8]. Group 4: Practicality of MSCI's 50% Rule - Strive challenges the practicality of MSCI's 50% threshold, arguing that linking index eligibility to a volatile asset could lead to companies frequently drifting in and out of benchmarks, increasing tracking errors for funds [9][10].

Core Insights - The surge in attention around SMX (NASDAQ:SMX) reflects a convergence of recognition across multiple industries seeking the same solution [1][6] - SMX's technology addresses structural flaws in various sectors, including gold, rare earth minerals, ESG systems, and digital assets [6][7] Gold Market - For over a century, gold authenticity relied on documentation, but SMX demonstrated that gold bars can retain their identity at the molecular level through various processes [2] - This breakthrough eliminated a significant structural barrier in the gold industry [2] Rare Earth Minerals - Rare earth mineral supply chains identified SMX's technology as a solution to prove the origin of materials, which is crucial for industries like electric vehicles and aerospace [3] - SMX enables rare earths to maintain their identity from the mine to the final product [3] ESG Systems - SMX's technology allows for the validation of claims regarding recycled content and material recovery, shifting ESG reporting from estimates to evidence [4] - This has significant implications for sectors dealing with plastics, textiles, and chemicals [4] Digital Assets - SMX's platform enables real-world material performance to be expressed as a verified digital signal, enhancing trust in digital asset markets [5] - This integration completes the picture of how various industries can utilize SMX's technology [5] Market Reaction - The market is responding to a correction in understanding rather than speculation, as multiple industries converge around SMX's enabling technology [7][8] - The recognition of SMX's platform as a unifying infrastructure layer across different sectors is driving market adjustments [7][8] Company Overview - SMX offers marking, tracking, measuring, and digital platform technology to help businesses transition to a low-carbon economy amid new regulatory challenges [9]