Crypto investment firm and index fund manager Bitwise thinks Bitcoin will hit new all-time highs again in 2026, even after falling into a rut over the last two months. The firm is predicting that the leading crypto asset will buck the trend of previous four-year cycles thanks to the diminishing strength of previous cycle indicators, and burst through to a new high mark above $126,080—its current all-time high set in early October. “Bitcoin has historically moved in a four-year cycle, with three significant ...

Visa will allow US institutions to settle transactions using Circle's USDC token over the Solana blockchain. Cuy Sheffield, Head of Crypto at Visa discusses his outlook on this change and how on-chain settlement is already live and growing, with rising demand from global clients using stablecoins. He had the conversation on "Bloomberg Markets" with Scarlet Fu and Tim Stenovec. ...

Key Takeaways Visa unveiled a global Stablecoins Advisory Practice to help clients plan stablecoin initiatives.It offers guidance on market fit, technology and regulation, and includes training via Visa University.Visa reported stablecoin settlement volume at a $3.5B annualized run rate as of Nov. 30.Visa Inc. (V) just launched a new global Stablecoins Advisory Practice through its Visa Consulting & Analytics division to help banks, fintechs, merchants and other businesses navigate the fast-growing world of ...

Credit for images: Supplied photosWeFi’s co-founder and group CEO Maksym Sakharov has positioned himself at the centre of a financial shift that is starting to reshape how money moves, how value is stored, and who gets real control over their wealth. Leading the world’s first deobank, he sits at the intersection of traditional finance, blockchain, and global regulation, arguing that the next big leap in banking won’t come from sleeker apps or faster KYC, but from rebuilding the system on-chain. In this con ...

SINGAPORE, Dec. 16, 2025 /PRNewswire/ -- Visa (NYSE: V), a global leader in digital payments, today announced the launch of its Stablecoins Advisory Practice. The new value-added service offering by Visa Consulting & Analytics (VCA) provides actionable insights and recommendations to guide banks, fintechs, merchants, and businesses of all sizes on market fit, strategy, and implementation.As the stablecoin market cap surpasses $250 billion, Visa’s settlement volume has accelerated, reaching a $3.5 billion an ...

Visa (NYSE: V) today launched its Stablecoins Advisory Practice. The new service by Visa Consulting & Analytics (VCA) provides actionable insights and recommendations to guide banks, fintechs, merchants, and businesses of all sizes on market fit, strategy, and implementation. As the stablecoin market cap surpasses $250 billion, Visa’s settlement volume has accelerated, reaching a $3.5 billion annualized run rate as of Nov. 30.“Putting our members first has always been our mission, and we’re committed to exp ...

Visa Inc. (NYSE:V) is one of the most profitable NYSE stocks to buy right now. On December 12, Evercore ISI maintained an In Line rating on Visa Inc. (NYSE:V) and lifted the price target to $380 from $375. The firm also added the stock to its “Tactical Outperform” list going into the year-end and the Q4 earnings season. Is Visa Inc. (V) the Best Blue Chip Stock to Buy for 2025? In addition to Evercore ISI, BofA also upgraded Visa Inc. (NYSE:V) to Buy from Neutral on December 11 and set a $382 price targe ...

2025年全球宏观研究年度回顾：四大主题要点总结 一、 涉及行业与公司 * 该纪要为高盛全球投资研究发布的2025年度宏观主题回顾报告[2] * 报告内容广泛涉及**全球宏观经济、贸易政策、科技创新、金融市场、地缘政治**等多个领域[3][4][5] * 重点提及的行业包括：**人工智能、半导体、云计算、金融科技（稳定币）、国防军工**等[48][49][100] * 提及的公司与机构包括：**OpenAI、谷歌、微软、英伟达、Meta、甲骨文、AMD、博通、迪士尼、Tether、Circle**等科技与金融公司，以及**美联储、美国劳工统计局**等政府机构[59][80][115][174] 二、 核心观点与论据 主题一：贸易政策剧变与不确定性 * **核心观点**：2025年始于密集的关税讨论，特朗普再次就任美国总统，通过重大行动颠覆了数十年的贸易政策，引发了对美国经济收缩的担忧[3][29] * **论据**：特朗普上任后签署了一系列行政命令，对加拿大、墨西哥、中国等多国商品加征关税，并动用了《国际紧急经济权力法》[19][35] * **关键数据**：尽管许多人担心美国有效关税税率会升至**20%** 以上，但截至报告时，税率处于更温和的**13.3%** [35] * **动态发展**：关税政策反复多变，涉及宣布、豁免、暂停、威胁报复等多个环节，例如中国曾宣布对**1550亿美元**的美国商品加征报复性关税[37] * **市场影响**：贸易政策不确定性指数在特朗普再次当选并宣布一系列新关税措施后飙升，但随着美国与多个贸易伙伴达成新贸易协议，该指数已从高位回落[41] 主题二：人工智能创新与泡沫担忧 * **核心观点**：AI仍是年度创新焦点，尽管估值已高，并引发了比以往更强烈的泡沫担忧[3][48] * **投资增长**：AI投资增长依然强劲，主要集中在**美国**。与AI相关的硬件和软件投资均呈上升趋势[50][52][60] * **企业投入**：超大规模云服务商在AI基础设施上的资本支出巨大，例如微软、Alphabet、AWS、Meta和甲骨文在2024年的相关支出总计近**300亿美元**[58][59] * **收入预期**：市场持续上调对半导体公司的收入预期，自2023年3月以来，对罗素3000指数中半导体公司的年度化共识收入预期上调了约**300亿美元**[55][56] * **采用率提升**：企业AI采用率显著上升，2025年第三季度，**17.3%** 的跨行业公司采用了AI，高于2024年第三季度的约**10%**[66][67]。其他调查（如麦肯锡）显示，**88%** 的被调查组织定期在至少一个业务职能中使用AI[75] * **市场集中与泡沫迹象**：“美股七巨头”在AI热情推动下表现突出，引发泡沫担忧。超过**50%** 的标普500公司在2025年第三季度财报电话会议中提及AI[85][94][95] * **行业动态**：AI领域出现大量战略合作与投资，例如OpenAI承诺未来几年向甲骨文购买**3000亿美元**计算资源，英伟达计划向OpenAI投资**1000亿美元**，迪士尼宣布计划向OpenAI投资**10亿美元**[80] 主题三：稳定币的监管突破与发展 * **核心观点**：得益于一项关键的立法努力，稳定币在2025年迎来了发展时刻[3][49] * **监管里程碑**：《GENIUS法案》于2025年7月18日由特朗普总统签署成为法律，这是美国首部联邦稳定币监管法规，为支付稳定币建立了监管框架[107][115] * **市场规模**：稳定币市场总规模约为**3070亿美元**，主要由Tether和Circle主导，其稳定币USDT和USDC的流通市值分别约为**1850亿美元**和**780亿美元**[106][117] * **储备构成**：两大发行商的储备绝大部分由美元安全资产构成，包括国债、回购协议、货币市场基金和存款[118][119] * **商业模式**：发行商主要通过储备资产的利息收入盈利，业务模式分为直接发行和“白标”发行两种[122][123][125] 主题四：机构信誉遭受广泛质疑 * **核心观点**：财政可持续性、数据可靠性和美联储独立性均受到质疑，导致对债券收益率可能居高不下的不安，并为“货币贬值交易”创造了顺风[4][129][130][131] * **财政可持续性**：美国赤字和债务处于危机时期以外的历史最高水平。即使在美国国债收益率低于**4%** 时，利息支出也已达到历史最高水平[133][136][137] * **全球性问题**：财政政策不确定性在全球范围内保持高位，全球债务水平高企，政府利息支出在大多数地区预计将进一步上升[140][145][149] * **美联储独立性受挑战**：特朗普总统公开且反复要求美联储降息，并威胁解雇主席鲍威尔，甚至解雇了美联储理事丽莎·库克，相关诉讼仍在进行中[154][158][160][169][172] * **数据可靠性争议**：美国官方经济数据，特别是就业数据，因大幅修订而受到政府高层和市场人士的广泛质疑，引发了对数据质量和独立性的担忧[174][175][177] 三、 其他重要内容 * **地缘政治演变**：特朗普总统改变了冷战后的安全格局，对俄乌战争和欧洲防务产生重大影响，同时美中科技主导权之争愈演愈烈[5][10] * **科技行业就业**：科技行业占总就业人数的份额相对于其长期趋势继续下降，科技行业的青年失业率仍然居高不下[72][76][77] * **AI发展两面性**：AI领域在取得突破（如OpenAI的LLM在国际数学奥林匹克竞赛中达到金牌水平）的同时，也面临挫折和批评（如项目回报率低、模型产生错误信息等）[80] * **历史对比**：报告通过图表回顾了美国关税历史、经济衰退史以及美联储发展史，为当前局势提供历史背景[32][45][172] * **跨主题联系**：报告指出，对“奇迹药物”GLP-1的担忧，加剧了市场对（AI领域）市场集中度和资本支出的忧虑[10]

Shares in Italian soccer club Juventus rose than 17% after Exor, a holding company with majority ownership, rejected an all-cash offer from stablecoin giant Tether.  Tether’s all-cash offer to Exor on Friday was reportedly valued at €2.66 ($3.13) a share—a value around 21% higher than Friday’s closing price, according to data from Yahoo Finance. The offer valued the club around €1.1 billion in total ($1.29 billion). “Exor N.V. announces that its Board of Directors has unanimously rejected an unsolicited pr ...

Visa Inc. (NYSE:V) is expanding its role in digital assets, launching a stablecoin advisory practice to help organizations determine whether stablecoins make sense for their payments and treasury operations.Visa Launches Stablecoins Advisory PracticeThe new Stablecoins Advisory Practice is housed within Visa Consulting & Analytics and will guide clients on market fit, strategy, technology and implementation, Fortune reported on Monday.Carl Rutstein, global head of Visa Consulting & Analytics, said the initi ...