Key Points Ethena USDe and Dai are both “crypto-native” stablecoins that don’t hold U.S. dollars. Ethena tries to balance long and short crypto trades to stay pegged to the U.S. dollar. Dai pegs itself to the U.S. dollar and uses smart contracts to hold crypto assets as collateral. 10 stocks we like better than Ethena USDe › Most cryptocurrencies aren't safe investments for conservative investors. But over the past decade, stablecoins -- which are cryptocurrencies tethered to the U.S. dollar and ...

Core Insights - The Federal Reserve's interest rate cut is expected to benefit Coinbase Global (COIN) as it encourages investors to seek higher returns in riskier assets like cryptocurrencies [1][8] - Coinbase is well-positioned in the crypto market, offering a comprehensive financial account for consumers and a full-service prime brokerage for institutions [3][4] - Increased trading volume, driven by the shift towards equities and digital assets, is likely to enhance COIN's transaction revenues, which constitute over 50% of its top line [4][8] Company Positioning - Coinbase's strategic growth initiatives and its status as a leading "everything exchange" position it to capitalize on market opportunities [4] - The company benefits from a pro-crypto environment under the current administration, which has eased regulatory controls [2] Peer Analysis - Robinhood Markets (HOOD) is expected to see increased trading activity and transaction-driven revenues due to lower yields on traditional savings and bonds [5] - Circle Internet Group (CRCL) may face compressed reserve income from reduced rates but could benefit from increased stablecoin adoption [6] Financial Performance - COIN shares have appreciated by 38.5% year-to-date, outperforming the industry [7][8] - The company's price-to-earnings ratio stands at 52.56, significantly above the industry average of 25.71, indicating a potentially expensive valuation [10] Earnings Estimates - The Zacks Consensus Estimate for COIN's third-quarter 2025 EPS has decreased by 1 cent, while estimates for the fourth quarter and full-year 2025 remain unchanged [11] - Revenue estimates for 2025 and 2026 indicate year-over-year increases, while EPS estimates show a decline [12]

Group 1 - The stablecoin market is projected to reach $2 trillion in the next three years, representing a tenfold increase, driven by regulatory frameworks like the Genius Act [1] - Stablecoins are defined as blockchain-based currencies typically pegged to traditional currencies, offering fast and low-cost payment processing without geographical constraints [2] - Initially serving as a bridge between traditional money and cryptocurrencies, stablecoins are now being explored by banks, retailers, and other entities for integration into their operations [3] Group 2 - The total volume of stablecoins in circulation exceeds $210 billion, surpassing the customer payables of several brokerages [5] - Tether has approximately $150 billion in circulation, while Circle's USD Coin totals nearly $63 billion; in contrast, Robinhood has over $7 billion in liquid assets, and Morgan Stanley has over $200 billion in customer payables [6] - Despite the growth of stablecoin deposits, traditional banks remain dominant, with JPMorgan Chase holding $2.1 trillion in deposits and Bank of America and Wells Fargo combined holding $3.3 trillion [8] Group 3 - If the transaction volume of stablecoins continues to grow at the current rate, they could potentially surpass existing payment systems within a decade, although uncertainties remain regarding the industry's future development [9]

Core Insights - The cryptocurrency market is perceived as highly volatile and risky, resembling an unregulated casino, making it unsuitable for life savings [1] - Investing $1,000 in promising cryptocurrencies like Bitcoin, Ethereum, and USD Coin could be a wise long-term strategy [2] Group 1: Bitcoin - Bitcoin is considered a compelling long-term investment due to its energy-intensive proof-of-work mechanism and a capped supply of 21 million tokens, creating scarcity similar to precious metals [4] - The approval of spot price exchange-traded funds (ETFs) has facilitated easier investment in Bitcoin for both retail and institutional investors [5] - Increasing adoption of Bitcoin as legal tender in various countries and initiatives like the U.S. government's "Strategic Bitcoin Reserve" are contributing to its perception as "digital gold" [5][6] Group 2: Ethereum - Ethereum, the second most valuable cryptocurrency, transitioned to a proof-of-stake mechanism in 2022, making Ether impossible to mine and resulting in a circulating supply of 120.7 million tokens [7] - The Ethereum blockchain supports smart contracts, enabling the development of decentralized applications (dApps), non-fungible tokens (NFTs), and other tokenized assets, which can influence Ether's value [9] - The supply of Ether can be deflationary or inflationary based on network activity, as tokens are burned as transaction fees, affecting its overall value [9]

We recently published Top 10 Analyst Calls on Trending Stocks You Shouldn’t Miss. Coinbase Global, Inc. (NASDAQ:COIN) is one of the major analyst calls. In February 2024, Ark Invest CEO and CIO Cathie Wood explained why she is bullish on Coinbase and praised the company’s execution. Here is what she said at the time. “Coinbase is doing right, right now. One of the things that it’s doing right is that it is, from a regulatory point of view, the most compliant exchange out there, and it’s losing all its co ...

Tether, the firm behind the stablecoin USDT, met with officials from the South Korean financial heavyweight Shinhan Bank on September 8. The South Korean media outlet MoneyS reported that Tether officials are in the country to attend a domestic blockchain conference. But the executives are also reportedly planning meetings with a range of domestic fintech companies, including the neobank Toss. The headquarters of Shinhan Bank in central Seoul, South Korea. Tether officials met senior Shinhan executives ...

Core Viewpoint - Thumzup Media Corporation is undergoing a strategic transformation to become a leader in cryptocurrency mining, highlighted by a pending acquisition of DogeHash Technologies, a dedicated Dogecoin mining company [1][4][6]. Financial Strategy - Thumzup Media went public on Nasdaq in October 2024 with an $8.2 million offering at $5 per share, aiming to redefine social media marketing [2]. - The company has invested a total of $2 million in Bitcoin as part of its treasury strategy, with an initial investment of $1 million in January 2025 and a subsequent $1 million investment later that month [2][3]. - A $6.5 million capital raise at $6 per share in June 2025 and a $50 million offering at $10 per share in August 2025 have significantly strengthened the company's balance sheet [3][6]. Acquisition and Expansion - The acquisition of DogeHash will add 2,500 state-of-the-art mining rigs, with an additional 1,000 rigs ordered, positioning Thumzup to capitalize on the $10.5 billion cryptocurrency mining market, projected to grow to $22.6 billion by 2035 [4][5]. - The company aims to expand its mining fleet further with capital from recent offerings, targeting a substantial increase in revenue run-rate into 2026 and beyond [5][21]. Market Position and Growth Potential - The cryptocurrency mining sector is seen as a significant opportunity for value creation, with Dogecoin mining operations reported to be nearly three times more profitable than Bitcoin mining [9]. - Dogecoin's market capitalization exceeds $36 billion, with a daily trading volume of $4 billion, indicating strong market interest [10]. - Thumzup is positioned to become one of the few publicly traded, utility-scale Dogecoin miners, diversifying its revenue streams [8][12]. Strategic Partnerships and Advisory - The company has expanded its partnership with Coinbase Prime to establish a Bitcoin-backed credit facility, enhancing its ability to scale and pursue a diversified digital asset treasury strategy [15]. - A newly created crypto advisory board, led by Alex Hoffman, aims to leverage Dogecoin for lending, staking, and other yield-generating applications [16]. AdTech Platform Development - Thumzup's AdTech platform continues to grow, surpassing 34,000 approved social media posts and over 1,000 advertiser locations by August 2025, showcasing its potential in the digital marketing space [17].

Core Insights - Thumzup Media Corporation has successfully raised $50 million at a price of $10 per share, with the funds intended for diversifying cryptocurrency holdings and acquiring advanced mining rigs [2][3] - The company has established a Bitcoin-backed credit facility with Coinbase Prime, allowing for flexible, non-dilutive capital to support its Digital Asset Treasury strategy [3][4] - Thumzup is authorized to allocate up to 90% of its liquid assets to cryptocurrencies, positioning itself as one of the most aggressive in terms of asset allocation among publicly traded companies [3][6] Strategic Partnerships - The expansion of the collaboration with Coinbase Prime enhances Thumzup's capabilities in crypto accumulation and mining, leveraging Coinbase's institutional-grade trading and financing solutions [4][6] - Coinbase Prime will continue to act as Thumzup's custodian and prime broker, providing a secure platform for executing trades and managing risks [4] Business Model and Innovation - Thumzup operates a proprietary platform that allows users to earn cash for sharing branded content on social media, integrating digital marketing with financial innovation [5] - The company is diversifying its treasury strategy beyond Bitcoin to include other leading cryptocurrencies such as Dogecoin, Litecoin, Solana, Ripple, Ether, and USD Coin, reflecting its commitment to financial agility [6]

Core Viewpoint - Bitmine Immersion Technologies (BMNR.US) has seen a significant stock price increase, driven by a rise in Ethereum prices and plans to sell up to $20 billion in stock to increase its cryptocurrency holdings [1][2]. Group 1: Company Developments - Bitmine announced it holds Ethereum valued at $4.96 billion, approximately 1% of the circulating supply, with a goal to acquire 5% of the total circulating Ethereum [1]. - The stock price of Bitmine increased over 14% following the announcement of its Ethereum asset acquisition [1]. - Year-to-date, Bitmine's stock has surged over 750% [1]. Group 2: Market Context - Ethereum's price has risen over 50% in the past month, currently trading above $4,500, approaching its peak of over $4,600 from October 2021 [2]. - Other companies adopting similar cryptocurrency reserve strategies include Coinbase (COIN.US), which holds over 100,000 Ethereum worth more than $500 million [2]. - The strategy of issuing stock to purchase cryptocurrencies is gaining traction among various companies, including GameStop (GME.US) and SharpLink Gaming (SBET.US) [2]. Group 3: Industry Insights - Circle Internet Group (CRCL.US), a stablecoin issuer, recently went public and reported a net loss of $482 million in Q2, influenced by IPO-related non-cash expenses, despite revenue growth of 53% to $658 million [3]. - Ethereum is recognized as the preferred ecosystem for most stablecoin issuances, enhancing its market position [3].

Group 1: Bitmine Immersion Technologies - Bitmine Immersion Technologies (BMNR.US) stock price increased by over 5% following Ethereum's rise of 6%, surpassing $4500 [1] - The company announced plans to sell up to $20 billion in stock to increase its cryptocurrency holdings, currently holding Ethereum valued at $4.96 billion, approximately 1% of circulating supply [1] - The stock has risen over 750% year-to-date, with a 14% increase following the announcement of its Ethereum asset acquisition [1] - Chairman Tom Lee stated that the company is a leader in crypto asset management, reflected in the speed of raising net asset value per share and high trading liquidity [1] Group 2: Coinbase and Other Companies - Coinbase (COIN.US), another major Ethereum holder, saw its stock rise over 2%, holding over 100,000 Ethereum tokens valued at over $500 million [2] - The crypto reserve strategy has attracted various companies, including GameStop (GME.US) and SharpLink Gaming (SBET.US), which are also looking to incorporate cryptocurrencies into their balance sheets [2] - Ethereum's price has surged over 50% in the past month, nearing its historical peak of over $4600 set in October 2021, while Bitcoin's increase was over 1% in the same period [2] Group 3: Circle Internet Group - Circle Internet Group (CRCL.US), a stablecoin issuer, went public in June, enhancing Ethereum's recognition as the preferred ecosystem for stablecoin issuance [3] - In its second quarter, Circle reported a net loss of $482 million, primarily due to significant non-cash expenses related to its IPO, compared to a net profit of $32 million in the same period last year [3] - Revenue grew by 53% to $658 million, exceeding analyst expectations, with adjusted EBITDA of $126 million also surpassing forecasts [3]