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Globe and Mail
5 days ago
- Business
- Globe and Mail
Zacks Investment Ideas feature highlights: Coinbase Global, Galaxy Digital, BlackRock, IBIT, Robinhood, Interactive Brokers and Alphabet
For Immediate Release Chicago, IL – July 15, 2025– Today, Zacks Investment Ideas feature highlights Coinbase Global COIN, Galaxy Digital GLXY, BlackRock's BLK, iShares Bitcoin ETF IBIT, Robinhood HOOD, Interactive Brokers IBKR and Alphabet's GOOGL. Bitcoin's Unstoppable Rise: 5 Reasons $150k Is Next "The hard-to-believe 'Great Paradox' in the stock market is: What seems too high and risky to the majority usually goes higher eventually, and what seems low and cheap usually goes lower." ~William J. O'Neil Bitcoin Is the Best Performing Asset Bitcoin was once called a "gambling token" and "rat poison squared" by legendary investor Warren Buffett, arguably the best investor of his time. However, by now, it has become impossible for Wall Street to deny the once obscure and first-of-its-kind cryptocurrency. A decade ago, Bitcoin traded at $286. Today, Bitcoin hit another all-time high of $123,000, marking a 430x increase over the past ten years and accruing an eye-popping 83% annualized return, far surpassing the next best asset class. Now, Bitcoin is one of the largest asset classes in the world. Below are five reasons the momentum is likely to continue into 2026, including: 1. Bitcoin: Digital Gold What differentiates Bitcoin from fiat currency and any other cryptocurrency is its scarcity and role as a store of value. Unlike fiat currency, which can be printed by central bankers out of thin air, there will only ever be 21 million Bitcoins in existence. Why is this important? As global central banks around the world print trillions of dollars and borrow money, fiat currencies like the dollar continue to lose value. As a result, investors gravitate towards Bitcoin and metals to fight this phenomenon. With the US passing another massive spending bill recently, there is no end in sight to this troubling trend in fiat. 2. Bitcoin ETFs Provide Wider Access Until recently, investors who wanted to buy Bitcoin had to have a separate crypto account through an exchange like Coinbase Global or Galaxy Digital. However,early last year, theUS Securities and Exchange Commission finally approved Bitcoin ETFs, allowing far more access to a larger group of investors. The launch of Bitcoin ETFs like BlackRock's, iShares Bitcoin ETF underscores the success. IBIT was the most successful ETF launch in history and is already the 20 th largest ETF in the United States. In addition to the ETF approvals, traditional stock brokers like Robinhood and Interactive Brokers now offer a suite of crypto trading products. 3. Bitcoin Week Looms This week has been dubbed 'Crypto Week' by the Republicans. DC is slated to vote on the 'GENIUS Act,' which will provide a regulatory framework around stablecoins like Circle Group's USDC token. 'The CLARITY Act' will also aim to establish a comprehensive regulatory framework for digital assets. Crypto companies have had to deal with regulatory ambiguity from regulators for years. With a clear regulatory framework, more institutional investors are likely to flock to the digital asset industry. 4. Lack of Hype Around Bitcoin Though Bitcoin continues to print fresh all-time highs, you wouldn't know it by looking at Bitcoin interest on Alphabet's 'Google Trends.' Interest is at multi-year lows, presenting investors with a contrarian opportunity. 5. Bitcoin Fibs Suggest $150k Price Target Market technicians use Fibonacci levels as a tool to identify potential price targets. The Bitcoin fibs suggest that a price target of $150k by early 2026 is realistic. Bottom Line As market technicians now eye a $150k price target, Bitcoin's ongoing momentum suggests that its remarkable growth story is far from over, reminding investors that true opportunity often lies where the majority hesitates. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Free: See Our Top Stock And 4 Runners Up Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BlackRock (BLK): Free Stock Analysis Report Interactive Brokers Group, Inc. (IBKR): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Coinbase Global, Inc. (COIN): Free Stock Analysis Report Robinhood Markets, Inc. (HOOD): Free Stock Analysis Report Galaxy Digital Inc. (GLXY): Free Stock Analysis Report
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Business Standard
04-07-2025
- Business
- Business Standard
One MobiKwik share price rises 2% on Sebi nod to operate as stock broker
One MobiKwik share price: One MobiKwik share price rose as much as 1.94 per cent to hit an intraday high of 252 per share on the last trading day of the week, i.e. Friday, July 4, 2025. At 9:35 AM, One MobiKwik shares continued to trade higher, up 0.73 per cent at 249 per share. In comparison, BSE Sensex was trading flat at 83,242.44 levels. Why did One MobiKwik share price rise today? Shares of One MobiKwik rose after its wholly-owned subsidiary, Mobikwik Securities Broking Private Limited (MSBPL), secured regulatory approval from the Securities and Exchange Board of India (Sebi) to operate as a Stock Broker and Clearing Member. Sebi granted the certificate of registration on July 1, 2025, allowing MSBPL to engage in equity trading, clearing, and settlement activities. Bipin Preet Singh, co-founder, MD and CEO, One MobiKwik, said, "The stock broking license marks a significant milestone for us as we enter the Indian equity markets. India has witnessed incredible growth in retail investor participation, and we believe our platform can help demystify investing for users taking their first steps into the markets. With this, we move a step closer to our goal of building a full-stack fintech platform that eases the adoption of digital financial services for the untapped populace of Bharat.' The development marks a strategic step in MobiKwik's evolution from a digital payments firm into a full-stack fintech platform. The company now caters to over 176.4 million users and 4.6 million merchants, with growing verticals in credit and wealth distribution. Its wealth offerings include Mutual Funds, SIPs, FDs, Digital Gold, and This is MobiKwik Group's second major regulatory milestone this quarter. In April, its subsidiary Zaak ePayment Services received RBI authorisation to operate as an Online Payment Aggregator. The Sebi approval is expected to accelerate MobiKwik's expansion into capital markets and strengthen its position as a comprehensive fintech player. About One MobiKwik One MobiKwik Systems Ltd. is among India's leading digital financial services platforms, offering a comprehensive suite of payment and financial products for both consumers and merchants. Founded in 2009 by Bipin Preet Singh and Upasana Taku, MobiKwik has grown to serve over 176.4 million registered users and 4.6 million merchants. The company's core offerings include the MobiKwik Wallet, UPI, Pocket UPI, and Zaakpay, its integrated payment gateway. Beyond payments, MobiKwik has expanded into financial services, providing credit solutions such as ZIP and ZIP EMI, as well as savings and investment products like Fixed Deposits, Mutual Funds, Digital Gold, and Insurance offerings are also available on its platform, reinforcing MobiKwik's position as a diversified fintech player.
Time of India
03-07-2025
- Business
- Time of India
MobiKwik arm gets Sebi nod to operate as stock broker
One MobiKwik Systems broking arm, Mobikwik Securities Broking Private Limited (MSBPL), has received regulatory approval from the Securities and Exchange Board of India ( Sebi ) to act as a stockbroker/clearing member. One MobiKwik Systems wholly-owned subsidiary will now be able to carry on the activities of buying, selling, dealing, clearing and settlement of equity trades. In an exchange filing on Thursday, Mobikwik Securities said that it received Sebi's certificate of registration on Tuesday, July 1. The announcement positively triggered the stock price as One MobiKwik Systems shares jumped nearly 4% to hit the day's high of Rs 250.80 on the NSE. Aslo read: Rs 9,300 crore stake! NSE IPO to unlock massive value for billionaire Radhakishan Damani Live Events Since its inception, MobiKwik has transformed from a digital payments company into a diverse fintech platform. The company operates a consumer payments business with a network of over 17.64 crore users and 46 lakh merchants. The company filing claimed that its credit distribution business is expanding "rapidly" while its wealth distribution vertical is building traction through a diverse product portfolio, including fixed deposits (FDs), mutual funds (MFs), Systematic Investment Plans (SIPs), Digital Gold and Commenting on the development, MobiKwik's Co-founder, MD & CEO Bipin Preet Singh said that the license will strategically position MobiKwik to accelerate growth in its wealth distribution vertical and broaden its offerings throughout the capital markets ecosystem. This will reinforce its transformation into a comprehensive fintech platform, he added. This marks MobiKwik Group's second certificate during the current quarter. Earlier in April, Zaak ePayment Services Private Limited (Zaakpay) received a Certificate of Authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator. ETMarkets WhatsApp channel )
Business Standard
17-06-2025
- Business
- Business Standard
Jupiter Bets on RuPay Credit Card, Partners with CSB
VMPL Mumbai (Maharashtra) [India], June 17: Jupiter, one of India's leading money apps, has launched their most rewarding RuPay Credit Card in partnership with CSB Bank. The launch of the Edge+ CSB Bank RuPay Credit Card marks a major milestone in Jupiter's mission to build the most rewarding, intuitive, and user-centric payments ecosystem in the country. The card is designed to seamlessly integrate UPI and traditional card transactions, offering users a best-of-both-worlds experience with more than ₹50,000 in rewards every year and financial insights on their personal finances. "Edge+ is not just another credit card. It's the natural extension of Jupiter's philosophy: simple, powerful, and rewarding money experiences. This card will anchor deeper engagement and unlock the life of consumers who deserve the most rewarding credit card in their wallet. " said Jitendra Gupta, Founder & CEO, Jupiter Money. Available exclusively on the Jupiter app, the card is aimed at digital native and rewards savvy consumers, helping them supercharge their spends with unmatched rewards on UPI and credit card transactions. "We saw an opportunity to create India's leading rewards program while leveraging the power of UPI -- one that goes beyond gimmicks and gives users value on the brands they actually love and use, like Amazon, Myntra, Nykaa, MakeMyTrip, and more. By combining this with Jupiter's intelligence and user-first design, we've reimagined the credit card experience from the ground up," said Rohit K Pandey, President, Jupiter Money. Cardholders can enjoy benefits across everyday categories -- including 10% cashback on popular shopping platforms like Amazon, Myntra, and Nykaa, and 5% cashback on travel bookings made via leading portals such as MakeMyTrip and Yatra. A flat 1% cashback applies to most other eligible spends, both online and offline. The credit card comes with no annual fee and offers more than ₹50,000 in yearly benefits. Rewards can be redeemed via the widest variety of options including cash, statement credit, bill payments, and Digital Gold. A seamless integration with Jupiter's smart spend tracking makes sure it's designed to turn everyday purchases into extraordinary perks. Founded in 2019, Jupiter offers a range of financial services, including debit cards, SIPs, mutual funds, personalised savings options, expense management, and UPI payments.
22-05-2025
- Business
Billion dollar pizza? Bitcoin soars on key anniversary of crypto's growth
It's not an official holiday – yet – but for many cryptocurrency enthusiasts 'Bitcoin Pizza Day' is still special. Thursday marks the 15th anniversary of the first known use of cryptocurrency to buy real-world goods. The 10,000 bitcoin that software developer Laszlo Hanyecz paid for two Papa John's pizzas delivered to his Florida home on May 22, 2010, were worth about $41 at the time. Today they're worth $1.1 billion, as bitcoin hits record high prices. Several cryptocurrency companies are announcing promotions and other celebrations to mark Bitcoin Pizza Day. Bitget, a cryptocurrency exchange, announced that it's giving away pizzas to more than 2,000 people at gatherings held around the world. Here's the backstory of Bitcoin Pizza Day: The first bitcoin was created in early 2009 by the digital currency's still unknown creator, Satoshi Nakamoto. It started as a passion project for libertarian-minded computer nerds who wanted to create a digital payment system that didn't rely on a third party – like a government or financial institution – for transactions. Hanyecz was an early enthusiast and became active on an early bitcoin internet message board, offering technical advice on how to 'mine' bitcoin more effectively. Central to bitcoin's technology is the process through which transactions are verified and then recorded on what's known as the blockchain. Computers connected to the bitcoin network race to solve complex mathematical calculations that verify the transactions, with the winner earning newly minted bitcoins as a reward in a process known as mining. In the early days, enthusiasts could mine bitcoin through their home computers and Hanyecz accumulated thousands of the new digital asset. Nowadays, mining bitcoin has become a highly competitive field with multi-billion-dollar companies using specialized computers in entire data centers to acquire new bitcoins. In the early days, no one quite knew what to do with the bitcoin they were mining. On May 18, 2010, Hanyecz tried an experiment and posted a message offering 10,000 bitcoins for pizza. 'I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that,' Hanyecz wrote. Three days later, Hanyecz wondered if he needed to up the price. 'So nobody wants to buy me pizza? Is the bitcoin amount I'm offering too low?' he wrote. But the next day, Hanyecz said he'd successfully traded his bitcoin for pizza. Another bitcoin enthusiast from California had paid for the Papa John's pizza in exchange for the cryptocurrency, according to a book about bitcoin's early history, 'Digital Gold.' 'A great milestone reached,' said another early bitcoin enthusiast on the message board congratulating Hanyecz. It did not take long for bitcoin to take off after the first pizza deal. Bitcoin started getting more publicity and grew, thanks in part to the popularity of an online black-market site, Silk Road, which only accepted bitcoin. By February 2014, with bitcoin trading at around $600, Hanyecz marveled at what the digital currency had become. 'I mean people can say I'm stupid, but it was a great deal at the time,' Hanyecz wrote on the bitcoin message board. 'I don't think anyone could have known it would take off like this.' Five years later, when bitcoin was trading as high as $11,000, Hanyecz reflected on what buying that first pizza meant for bitcoin. 'It made it real for some people, I mean it certainly did for me,' Hanyecz said on the television show '60 minutes.' Hanyecz has largely stayed out of the public spotlight in recent years and efforts to contact him by The Associated Press were unsuccessful. After many years of fits and starts, bitcoin now appears firmly entrenched in the mainstream financial system. While it hasn't taken off as a way to pay for everyday items like pizza, bitcoin has found popularity as a kind of 'digital gold,' or a way to store value. executive order establishing a government reserve of bitcoin.
