Core Insights - Seismic aims to address the challenge of protecting sensitive financial data in the public blockchain environment, which is increasingly relevant as fintech companies adopt crypto solutions [1][3] Funding and Financials - Seismic raised $10 million in a funding round led by a16z crypto, bringing its total funding to $17 million [2] - The company’s valuation was not disclosed by its founder and CEO, Lyron Co Ting Keh [2] Company Mission and Strategy - The name "Seismic" reflects the company's goal to be deeply connected with customer needs and to achieve significant impact in the crypto space [3] - Seismic partners with Brookwell to provide private blockchain solutions for stablecoin transactions, ensuring customer data remains confidential [4] Competitive Landscape - Seismic competes with Tempo, a blockchain startup valued at $5 billion, but believes there is room for multiple players in the market [5] - The company differentiates itself by offering holistic solutions and actively engaging with clients to understand their broader needs beyond specific products [5]

The Circle posting quarterly results. The circulation of its USDC more than doubling from a year earlier. Joining us right now first on CNBC is Circles CEO Jeremy Aair.Good morning. We were just talking about how you beat topline, bottom line. This is maybe what happens when you have a good company but also an emerging technology that is uh the hottest play.And by the way, right now you are the real way and really maybe the only way to really get great exposure to this world. So, let's talk about what's goi ...

Core Insights - Investing in TON (CRYPTO: TON) is viewed as an indirect investment in Telegram, which is not publicly listed [1] Group 1: Utility and Functionality - TON is positioned as a utility token for payments, facilitating instant cross-border transactions and potentially competing with major players like Visa, Western Union, and PayPal [2] - The selection criteria for tokens include specialized development teams, increased adoption, and scalability, all of which TON meets according to Scaramucci [3] Group 2: Market Conditions and Opportunities - Despite facing significant price declines from $750 to $220, Scaramucci sees this as a contrarian opportunity, projecting that TON could reach $10 as adoption increases [4][5] - The current altcoin market is weak, with altcoins trading at levels reminiscent of the 2022 FTX crisis, while Bitcoin is priced at $110,000 [4] Group 3: Decentralization and Legal Context - TON remains decentralized despite legal issues faced by Telegram founder Pavel Durov, who is under scrutiny in France [6] - Following news of Durov regaining his passport, TON experienced a surge of over 20% in value [6]

Core Insights - Circle Internet Group, Inc. reported strong financial results for Q3 2025, highlighting significant growth in revenue and net income, driven by the increasing adoption of USDC and the launch of the Arc public testnet [3][4][5]. Financial Highlights - Total revenue and reserve income reached $740 million, a 66% increase year-over-year [4][5]. - Net income from continuing operations was $214 million, reflecting a 202% year-over-year increase [4][5]. - Adjusted EBITDA was $166 million, up 78% year-over-year, with an adjusted EBITDA margin of 57% [4][5][10]. - USDC in circulation grew to $73.7 billion, marking a 108% increase year-over-year [5][6]. Corporate & Commercial Highlights - The Arc public testnet was launched with participation from over 100 companies across various sectors, indicating strong interest in programmable financial infrastructure [3][5][10]. - Circle is exploring the launch of a native token on the Arc network to enhance network participation and adoption [10][11]. - The Circle Payments Network (CPN) expanded to include 29 financial institutions, with 500 more in the pipeline, demonstrating growing commercial partnerships [5][16]. Key Operating Indicators - Average USDC in circulation was $67.8 billion, a 97% increase year-over-year [6]. - The stablecoin market share reached 29%, up 643 basis points [6]. - The number of meaningful wallets holding USDC increased to 6.3 million, a 77% growth [6]. Recent Developments - Reserve income increased to $711 million, a 60% year-over-year growth, primarily due to the rise in average USDC circulation [10][22]. - Other revenue surged to $29 million, up from $1 million year-over-year, driven by subscription and services revenue [10][22]. - Total distribution, transaction, and other costs rose to $448 million, a 74% increase year-over-year, reflecting higher distribution payments due to increased USDC circulation [10][22].

Core Viewpoint - Jiayin Group Inc. has entered into a loan facility agreement for up to RMB600 million to support its working capital needs [1][2] Group 1: Loan Facility Details - The loan facility can be drawn down in multiple tranches until December 31, 2025, with an interest rate of 3.5% [1] - The loan facility matures on November 11, 2032 [1] - To secure the loan, Jirongzhicheng has mortgaged certain commercial property and its parent company has pledged its 100% equity interest [2] Group 2: Company Overview - Jiayin Group Inc. is a leading fintech platform in China, established in 2011, focusing on connecting underserved individual borrowers with financial institutions [3] - The company utilizes advanced big data analytics and algorithms for risk assessment, ensuring effective risk management [3]

Core Insights - Clearwater Analytics (CWAN) has experienced a significant decline in share price over the past year, despite strong growth figures in the fintech sector [1] - The acquisition and integration of Enfusion has positioned CWAN as a serious player in the SaaS market [1] Company Performance - CWAN's share price has been negatively impacted, reflecting broader trends in the fintech sector where valuations remain suppressed [1] - The company is demonstrating strong growth metrics, indicating potential resilience and opportunity for recovery [1] Industry Context - The fintech sector, particularly SaaS and cloud businesses, is characterized by active developments and substantial growth opportunities [1]

Group 1: Cryptocurrency Market Overview - XRP is the fourth-most valuable cryptocurrency with a market value of $145 billion and currently trades at $2.40 [1] - Morningstar analysts predict the entire cryptocurrency market will expand at 10% annually in the coming years, while XRP is expected to outperform with a 20% annual return, reaching $6 by 2030, indicating a 150% upside from current levels [2] Group 2: Ripple and XRP Functionality - Ripple utilizes XRP and RLUSD to facilitate cross-border transactions, aiming to improve upon the traditional SWIFT system which is slow and incurs high fees [4] - XRP serves as a bridge currency, allowing transactions to settle within seconds at a minimal cost, with CEO Brad Garlinghouse predicting XRP could capture 14% of SWIFT payment volume within five years, translating to over $20 trillion annually through the XRP Ledger [5][8] Group 3: Market Challenges and Competition - The introduction of the stablecoin RLUSD aims to mitigate risks associated with using a volatile cryptocurrency like XRP, but it faces competition from established stablecoins such as USD Coin [6] - XRP transaction volume has been declining throughout 2025, suggesting waning interest and skepticism regarding enterprise adoption of XRP payments [7]

Earnings Report - Circle Internet Group is set to release its third-quarter earnings results on November 12, with analysts expecting earnings of 18 cents per share, a decrease from 25 cents per share in the same period last year [1] - The consensus estimate for quarterly revenue is $699.57 million, significantly up from $195.05 million a year earlier [1] Recent Developments - On October 28, Circle Internet announced a partnership with Wyclef Jean, who will serve as the Global Culture Advisor [2] - Following the announcement, Circle Internet's shares fell by 5.6%, closing at $98.30 [2] Analyst Ratings - William Blair analyst Andrew Jeffrey initiated coverage with an Outperform rating [5] - JMP Securities analyst Devin Ryan initiated coverage with a Market Perform rating [5] - Canaccord Genuity analyst Joseph Vafi maintained a Buy rating with a price target of $247 [5] - Needham analyst John Todaro reiterated a Buy rating with a price target of $250 [5] - Deutsche Bank analyst Brian Bedell maintained a Hold rating and reduced the price target from $163 to $123 [5]

Core Insights - The article presents Juniper Research's Top 10 Fintech & Payments Trends for 2026, highlighting significant technological and market shifts that will transform financial services in the coming year [2][3] Group 1: Key Trends - Stablecoins are expected to compete with the existing interbank settlement layer, indicating a shift in how transactions are processed [4] - Agentic AI is set to reshape both B2B and consumer purchasing, enhancing the efficiency and personalization of commerce [4] - The EUDI Wallet will redefine digital identity in Europe, streamlining identity verification processes [4] - Tokenized assets are anticipated to enter the mainstream, broadening investment opportunities and asset management [4] - Generative AI (GenAI) is projected to transform banking operations, improving customer service and operational efficiency [4] - Flexible credentials are expected to drive a renaissance in payment cards, offering consumers more options and security [4] - Investment in AI fraud prevention is likely to rise due to increasing threats from deepfake technologies [4] - The "Pay by Bank" method is expected to scale in the UK through commercial Variable Recurring Payments (VRPs), enhancing payment convenience [4] - No-code Anti-Money Laundering (AML) solutions are anticipated to extend beyond traditional banks, democratizing compliance tools [4] - Virtual cards are predicted to gain traction within travel payments, providing travelers with enhanced security and convenience [4]

Core Insights - eToro Group demonstrated impressive growth in its third quarter, significantly outperforming the S&P 500 index with a stock increase of over 9% [1][2] - The positive sentiment was largely driven by an upgrade from Deutsche Bank, which raised its recommendation to buy and increased the price target to $45 [3][4] Financial Performance - eToro's revenue more than doubled to $4.1 billion from $1.6 billion year-over-year [6] - The net income, not according to GAAP, rose 34% to over $60 million, surpassing average analyst estimates [6] - The company has shown strong operational momentum, especially in the U.S. market, despite a 25% decline in stock price since its IPO in May [4][6] Market Reaction - The stock closed at $3.51, reflecting a 9.30% increase on the day, with a market capitalization of $3 billion [5][6] - The trading volume was 5.7 million, significantly higher than the average volume of 980,000 [6]