Tether, who just made over $1B in profits last quarter, just announced the successful acquisition of a 70% controlling stake in Adecoagro $AGRO ( ▼ 1.39% ) – a company that produces energy and food throughout South America. This is all part of Tether’s strategy to diversify away from digital finance – especially as competition heats up – and into real-world infrastructure including energy, agriculture, data, and communications.
Crypto Trading Coming To E*Trade Customers
Morgan Stanley is working on a plan to add cryptocurrency trading to its E*Trade platform in 2026, according to Bloomberg. To support this integration, the firm is exploring partnerships with crypto-native companies. Meanwhile, rival Charles Schwab said Thursday that it aims to starting building a crypto trading platform as early as this year. This whole crypto trading thing? Yeah, clearly more than just a fad these days in the halls of the big banks. Stocks, ETFs, mutual funds, and “pet rocks” – right? (You’re next Dimon!!)
Kraken Releases Q1 2025 Financials
While under no requirements to release financials as a private company, Kraken for the second quarter in a row is giving potential IPO investors a glimpse into the company’s financials. The exchange posted revenues of $472 million (+19% YoY) and trading volumes of $209 billion (+29% YoY). Like we recently saw with Robinhood’s Q1 earnings though, revenue and trading volumes were both down QoQ amid market softness. Still, Kraken reported positive adjusted EBITDA of $187.4 million (+17% YoY; +1% QoQ). With the company’s acquisition of NinjaTrader officially closing as of yesterday, an IPO this year is looking likely.
New Drilling Breakthrough Spawns Second Shale Boom
The oil and gas industry just helped unlock enough energy to power America for 30,000 years… using a breakthrough new drilling technique. Energy Secretary (and former oilman) Chris Wright calls it an “awesome resource.” And the government have already begun selling thousands of acres of public land to develop it. Here's the name of the company at the heart of it all →
SPONSOR
Kraken tells how it spotted North Korean hacker in job interview (CoinTelegraph)
Ripple has apparently gone beyond the initial reports of their first $5B offer for Circle (X)
Riot Platforms (RIOT) posts net loss in Q1 despite doubling revenue amid AI pivot (The Block)
Metaplanet Issues $25 Million In Bonds To Buy More Bitcoin (Bitcoin Magazine)
Private Markets Aren’t Just for the 1% Anymore.
Institutions invest billions into private markets because they may provide superior market positions and steady cash flow, even in a shaky market–now you can too.
For the first time ever, elite private assets are available to all investors for as little as $500 with Hamilton Lane Private Infrastructure Fund.
*Source: Hamilton Lane data, Bloomberg as of January 2024. Past performance is not a guarantee of future returns. All securities come with specific risks not limited to a total loss of your investment. Past performance is not indicative of future results. Please review the risks specific to this investment on the HLPIF deal page hosted on Republic.com/hlpif
