Wall Street's Crypto Revolution & Market Updates
February 12, 2025
"Markets are strongest when they are broad, and weakest when they narrow to a handful of blue-chip names." — Bob Farrell
π₯ Today's Top Stories
- Goldman Sachs ends IPO diversity pledge amid Trump influence
- Elon Musk suggests Federal Reserve audit while Powell pushes back
- JPMorgan faces employee petition against 5-day office mandate
- Anduril takes over Microsoft's $22B Army headset program
- SoftBank investments turn red amid market volatility
π Squeez of the Day: Wall Street's Next Gold Rush
Wall Street's relationship with cryptocurrency has been complicated, to say the least. From Warren Buffett's infamous "rat poison" comment to Jamie Dimon's recent dismissal of Bitcoin's intrinsic value, traditional finance has long kept crypto at arm's length.
But 2025 is showing a dramatic shift in sentiment. Here's why:
The Crypto Revolution
- Trump's Pro-Crypto Policies: New administration unlocking delayed IPOs and offerings
- Record Bitcoin Performance: Institutional interest surging with all-time highs
- Banking Giants' Move: Morgan Stanley, BoA, and RBC developing crypto strategies
Who's Making Moves?
- Morgan Stanley: Advising IREN on crypto exchange opportunities
- JPMorgan/Jefferies/Moelis: Working with Bullish and Figure Technologies
- RBC: Arranged Core Scientific's convertible bond sale
- Bank of America: Exploring digital asset advisory services
π― Key Takeaway
The race isn't about whether banks will embrace crypto—it's about who will dominate the crypto advisory space first.
πΌ Market Pulse
Today's Market Performance
- S&P 500: FLAT
- NASDAQ: ▼ Slight decline
- 10-Year Treasury: 4.54% ▲
Notable Movers
- Coca-Cola ($KO): ▲ 5% (Strong earnings)
- Marriott ($MAR): ▼ 5% (Soft outlook)
- Astera Labs ($ALAB): ▼ 11% (Growth concerns)
π Book of the Day: "Waste Land"
Robert D. Kaplan's latest work examines our era of global cataclysm, drawing parallels between current challenges and the Weimar Republic. A must-read for understanding today's geopolitical landscape.
π‘ Daily Insight: Date Night Psychology
Research shows intentional date nights can transform relationships:
- Try new activities together
- Practice eye contact during dinner
- Watch relationship-focused films
- Recreate meaningful moments
- Maintain regular scheduling
π― Investment Spotlight: Elf Labs
Final Hours to Invest!
- 100+ historic character trademarks
- $2T entertainment & merchandising market
- AR/VR and AI integration
- Global licensing deals in progress
Disclosure: This is a paid advertisement for Elf Labs' Regulation CF offering. Please read the offering circular at elflabs.com
π° Headlines Worth Reading
- Goldman Sachs IPO diversity pledge under fire
- Powell rejects Musk's Fed staffing claims
- SoftBank's $500B AI push faces headwinds
- Major grocers implement egg purchase limits
- Trump's economic impact surprises Wall Street
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