Shares of Figure Technology Solutions, a blockchain-based consumer lending marketplace, plunged on Friday after the company reported mixed fourth-quarter results the prior day, signaling a more difficult operating environment even as revenue continued to climb. For the quarter ended Dec. 31, the company posted revenue of $159.9 million, up from $83.9 million a year earlier,
Citigroup (C) plans to launch institutional bitcoin custody later this year, part of a broader push to integrate digital assets into the bank’s traditional financial infrastructure. Nisha Surendran, who heads Citi’s digital asset custody product buildout, described the initiative in a speech at the World Strategy Forum on Thursday as an effort to “make bitcoin
Trump Media and Technology Group (DJT) is considering spinning off Truth Social—its free speech-focused social media platform championed by President Donald Trump—into its own public entity, the firm announced on Friday. The move would see Truth Social and other Trump Media businesses become SpinCo, which would then merge with Texas Ventures III. However, some assets
US President Donald Trump, in a statement regarding negotiations on Iran’s nuclear program, said that contacts with the Tehran administration are expected to continue today. Speaking to reporters before his visit to Texas, Trump reiterated that he wanted to make a deal with Iran, but that Tehran would absolutely not be allowed to possess nuclear
Norway’s sovereign wealth fund, the Government Pension Fund Global, one of the world’s largest state-owned investment vehicles, generated $248 billion in profit in 2025, lifting its market value to roughly $2.2 trillion. The massive profit was driven by gains in American technology and financial stocks, with strong contributions from US companies, including major stakes in
OpenAI, the artificial intelligence research lab developing advanced language models, announced Friday that the company has secured $110 billion in a new funding round backed by SoftBank, NVIDIA, and Amazon at a $730 billion pre-money valuation. SoftBank, the Japanese investment conglomerate behind major tech initiatives, and NVIDIA, a leading supplier of AI computing hardware, each
The S&P 500 Index retreated by over 0.6% on Friday, continuing a retreat that started on Thursday as market participants reacted to the latest NVIDIA earnings. Summary The S&P 500 Index retreated by over 0.50% on Friday. Jitters in the booming private credit industry accelerated. The US published a strong producer price index report. The
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1920.56, down 2.6% (-51.26) since 4 p.m. ET on Thursday. Three of the 20 assets are trading higher. Leaders: ICP (+3.7%) and DOT (+0.8%). Laggards: SOL (-4.2%) and ETH
Europe’s largest asset manager, Amundi, has sharply increased its exposure to Bitcoin-linked equities. According to its latest Q4 2025 regulatory filing, the French giant added roughly 3.77 million shares of Strategy (MSTR). That lifted its total position to about 4.79 million shares. The stake is now valued near $641 million. The disclosure surfaced in late