Private Credit Squeeze Hits Fintech Loans: Stone Ridge Caps Redemptions at Just 11%
Stone Ridge's $2.4B LENDX fund limits withdrawals to 11% amid heavy redemptions in fintech loans from Affirm, Block, Upstart. Investor concerns widen.
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Gemini Stock Downgraded to Sell by Citi – Profit Challenges and Regulatory Delays Hit Hard
Citi downgrades Gemini to Sell, slashing price target to $5.50 amid stalled CLARITY Act, profitability woes, and crypto market challenges.
Block Reborn as Neobank? Upgrades from Truist and Rothschild Signal Renewed Confidence Post-Layoffs
Truist upgrades Block to Buy with $77 target after 40% workforce cut & AI savings. Rothschild lifts to Neutral, citing Cash App Borrow growth & neobank valuation—mixed views on loan risks.
Mastercard to Acquire BVNK for Up to $1.8 Billion to Bridge Stablecoins and Traditional Payments
Mastercard announced it will acquire stablecoin infrastructure leader BVNK for up to $1.8 billion. The deal connects traditional fiat rails with on-chain payments and stablecoins for faster, interoperable global transactions.
Morgan Stanley Turns Bullish on Lemonade — Tesla Partnership Sparks $85 Price Target
Morgan Stanley upgrades Lemonade to Overweight with $85 PT on Tesla self-driving insurance partnership and first-mover edge.
Tom Lee Calls Bottom – BitMine's Big Buy Sparks Ethereum's Strongest Comeback Yet
Ethereum climbs above $2,300 as BitMine adds $139.7M in tokens, ending mini-crypto winter per Tom Lee. ETF inflows return amid strong rally.