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Block Joins S&P 500 as Crypto's Mainstreaming Marches On
PYMNTS.com· 2025-07-20 21:32
Group 1 - Block, owner of Square and Cash App, is set to join the S&P 500, replacing Hess starting July 23, marking a significant milestone for the company and the mainstream acceptance of digital payments and cryptocurrency [2][3] - The company has evolved from a payments processing entity to a comprehensive FinTech, offering services such as peer-to-peer transfers, merchant services, and consumer lending, with recent approval from the FDIC to provide consumer loans through Cash App Borrow [3][4] - Block is integrating bitcoin payment capabilities into its Square terminals, reflecting CEO Jack Dorsey's advocacy for cryptocurrency, which aims to empower small businesses by allowing them to accept bitcoin and receive payments faster [4][5] Group 2 - The news of Block's inclusion in the S&P 500 coincided with the cryptocurrency market reaching an all-time high, surpassing $4 trillion, following the passage of three crypto-related bills by Congress [5] - The company is leveraging machine learning for fraud detection, developing internal models to identify potentially scam payments in real-time, enhancing security without disrupting the payment process [6][7]
X @Crypto Rover
Crypto Rover· 2025-07-20 10:37
Rare to get such a massive traditional fintech company launching their own token. Usually it's just more and more novice crypto startups looking to cash in but $MBG has serious power behind it from one of the biggest players in TradFi.Check out MultiBank Group for yourself if you haven't already and you'll see why I'm excited for the TGE on July 22nd. ...
Prediction: 3 Magnificent Stocks That'll Be Worth More Than Nvidia and Palantir by 2035
The Motley Fool· 2025-07-20 07:06
Core Viewpoint - The article suggests that three industry leaders with strong catalysts and competitive advantages could outperform current AI leaders Nvidia and Palantir over the next decade. Group 1: Nvidia and Palantir - Nvidia has gained over $3.8 trillion in market value since the start of 2023, while Palantir's stock has surged approximately 2,250% during the same period [2] - Nvidia's GPUs, particularly the Hopper and Blackwell models, dominate AI-accelerated data centers, allowing the company to charge a significant premium due to ongoing AI-GPU scarcity [4] - Palantir's platforms, Gotham and Foundry, are essential for federal governments and businesses, driving sales growth and recurring profitability [5] - Both companies may be in a bubble, as historical trends suggest that major innovations often experience bubble-bursting events [6] - Palantir's price-to-sales (P/S) ratio is nearing 121, while Nvidia's is approaching 29, significantly higher than peers [7] Group 2: Potential Competitors - Alibaba Group, with a current market cap of $276 billion, is positioned to potentially surpass Nvidia and Palantir, benefiting from its e-commerce dominance and cloud infrastructure services [10][11] - Alibaba's Taobao and Tmall platforms accounted for an estimated 41% of China's online retail market in 2024, supported by a growing middle class [11] - Alibaba Cloud captured one-third of all cloud infrastructure spending in mainland China, with generative AI solutions expected to drive double-digit sales growth [12] - PayPal Holdings, with a market cap of $71 billion, is also a strong contender, as the global fintech market is projected to grow significantly [14][15] - PayPal's total payment volume increased from $936 billion to an annual run rate of $1.67 trillion, indicating strong engagement from active accounts [16] - Intuitive Surgical, valued at $184 billion, has a stronghold in the robotic-assisted surgical market, with a growing revenue stream from high-margin instruments and services [19][21][22] - The company is expanding its surgical systems' applications, which could sustain double-digit growth for the next decade [23]
X @Forbes
Forbes· 2025-07-19 21:30
This Fintech’s Visa Card Keeps Grandpa From Blowing His Nest Egg https://t.co/BAy0wyFe7E https://t.co/BAy0wyFe7E ...
X @Wu Blockchain
Wu Blockchain· 2025-07-18 23:45
According to Bloomberg, Jack Dorsey’s fintech firm Block Inc. is set to join the S&P 500 index on July 23, 2025, replacing Hess Corp. following its acquisition by Chevron. The company is integrating Bitcoin payment capabilities into its Square terminals, reflecting Dorsey’s long-standing advocacy for Bitcoin. https://t.co/WvhyZYN3Y1 ...
Block shares soar 10% on entry into S&P 500
CNBC· 2025-07-18 21:31
Group 1 - Block shares increased by over 10% in extended trading as the fintech company prepares to join the S&P 500, replacing Hess [1] - The addition of Block to the S&P 500 is part of a series of changes, including The Trade Desk replacing Ansys [2][3] - Block's inclusion reflects the growing tech presence in the S&P 500, highlighting the market cap gains of tech companies [4] Group 2 - Block, formerly known as Square, has diversified into crypto, lending, and other financial services since its founding in 2009 [4] - Despite a 14% decline in shares this year, Block maintains a market cap of approximately $45 billion, significantly above the median company in the S&P 500 [5]
GDOT Stock Looks Undervalued at First Glance: But There's a Catch
ZACKS· 2025-07-18 16:21
Core Insights - Green Dot Corporation (GDOT) is currently trading at a low valuation of 7.99 times forward earnings, significantly below the industry average of 22.05 times, which may attract value investors seeking turnaround opportunities [1][3][8] - The market may be underestimating GDOT's potential in the fintech sector, particularly in banking-as-a-service and prepaid cards for underbanked consumers, indicating a possible upside if the company stabilizes its financials and executes growth initiatives [3][4] - GDOT's current ratio is 0.58, compared to the industry's 1.15, highlighting recent liquidity issues that raise concerns about the company's near-term financial health [4][5] Financial Performance - GDOT's stock has increased by 44% over the past three months, outperforming the industry's 6% rally, indicating positive market sentiment despite underlying concerns [11] - The Zacks Consensus Estimate for GDOT's earnings has remained unchanged over the past 30 days, and the stock currently holds a Zacks Rank 3 (Hold) [13] Competitive Landscape - SoFi Technologies (SOFI) trades at a much higher valuation of 54.51 times forward earnings, supported by strong revenue diversification and improving profitability, which justifies its premium [9] - Block (XYZ) trades at 23.53 times forward earnings, benefiting from its dual ecosystem of Cash App and Square, showcasing consistent innovation that keeps it ahead of weaker peers like GDOT [10]
X @Solana
Solana· 2025-07-18 15:08
Market Opportunity - The payment financing market represents a $2 trillion (2万亿美元) opportunity, traditionally dominated by banks [1] - Huma Finance aims to disrupt this market by rebuilding it for the internet era [1] Technology & Strategy - Huma Finance is focusing on income-backed lending [1] - The platform is leveraging stablecoins on the Solana blockchain [1]
Blackboxstocks Provides Stockholder Update on Acquisition of Rare Earth Company
Prism Media Wire· 2025-07-18 12:30
Blackboxstocks Provides Stockholder Update on Acquisition of Rare Earth Company Blackboxstocks, Inc. Stockholder UpdateDALLAS, July 18, 2025 – PRISM MediaWire – Blackboxstocks Inc. (NASDAQ: BLBX) (“Blackbox”), a financial technology and social media hybrid platform, today released a stockholder update from CEO Gust Kepler:As we kick off the first month of Q3 2025, I’m excited to update our stakeholders on our developments, especially with respect to our foray into the rare earth sector with our pending acq ...
Blackboxstocks Provides Stockholder Update on Acquisition of Rare Earth Company
Globenewswire· 2025-07-18 12:30
Core Viewpoint - Blackboxstocks Inc. is pursuing an acquisition of REalloys, Inc. to enhance stockholder value and expand into the rare earth sector, while continuing its fintech operations through a subsidiary [1][8]. Company Developments - The merger agreement to acquire REalloys was executed on March 10, 2025, with the aim of establishing a strong presence in North America's rare earth and high-performance magnet industries [2]. - REalloys has acquired the Hoidas Lake Rare Earth Deposit in Saskatchewan, Canada, which is noted for its high-grade neodymium, praseodymium, dysprosium, and terbium [3]. - The Hoidas Lake Project has a Measured and Indicated Mineral Resource of 2,153,000 metric tonnes of Total Rare Earth Oxides at an average grade of 1.906% [3]. Strategic Acquisitions - On April 9, 2025, REalloys acquired 100% of PMT Critical Metals Inc., enhancing its production capabilities and intellectual property in rare earth magnet materials [4]. - PMT Critical Metals Inc. produces rare earth metals for key clients, including the U.S. Defense Logistics Agency and the U.S. Department of Energy's AMES National Laboratory [5]. Partnerships and Production Goals - REalloys signed a Memorandum of Understanding with the Saskatchewan Research Council to advance the commercial production of high-performance rare earth magnet materials [6]. - The combined production capacity of the facilities is targeted to reach 500 metric tonnes per year by 2026 and 1,000 metric tonnes by 2028 [6]. Transaction Timeline and Expectations - An amended registration statement for the merger was filed with the SEC on July 2, 2025, with expectations for the transaction to close in late August 2025, pending regulatory and stockholder approvals [7][8]. - The merger is anticipated to provide stockholders access to the growing domestic rare earth and magnet materials sector, while legacy fintech operations will continue under Blackbox.io, Inc. [8][9]. Market Positioning - REalloys aims to build a North American high-performance magnet supply chain, targeting sectors such as national defense, nuclear industry, and electric aviation [10]. - The company is strategically positioned to support the increasing demand for rare earth materials in critical industries [10]. Shareholder Impact - Upon closing of the merger, Blackbox legacy stockholders are expected to own approximately 7.3% of the combined company's shares, with potential proceeds from future sales of Blackbox's fintech operations [12].