U.S. equities declined Friday as rising oil prices and bond-market losses triggered rate-hike concerns, sending Treasury yields sharply higher. The Nasdaq 100 fell 1.6%, Russell 2000 dropped 2.4%, and S&P 500 declined 1.1%. Energy stocks rallied on crude surge, while tech and AI stocks suffered heavy losses. Intel crashed 7%, Tesla fell 4.3%, and NVIDIA dropped 3.5%. Precious metals collapsed amid dollar strength and rising real yields.

The Dow Jones climbed back above 50,000 driven by Cisco's strong earnings beat and guidance raise, while Nvidia gained on news of Chinese H200 chip approvals. However, the rally appears fragile as inflation data runs hot with import prices spiking 1.9% and energy costs surging, offsetting positive consumer resilience metrics. The Trump-Xi summit in Beijing provided mild sentiment support but delivered limited concrete deliverables.

Bullish announced a $4.2 billion acquisition of transfer agent Equiniti, composed of $2.35 billion in Bullish stock and $1.85 billion in assumed debt. The deal aims to position Bullish as a leader in tokenized securities and blockchain-native capital markets infrastructure. Equiniti services nearly 3,000 blue-chip companies and processes around $500 billion in annual payments. The acquisition is expected to close in January 2027, subject to regulatory approval.

Bullish (NYSE:BLSH) agreed to acquire Equiniti from Siris for $4.2 billion to create a global transfer agent for tokenized securities. The deal combines Bullish's blockchain infrastructure with Equiniti's regulated transfer agent capabilities. The combined company is expected to generate $1.3 billion in adjusted revenue and over $500 million in adjusted EBITDA less Capex in 2026, with 6-8% annual revenue growth projected through 2029. Bullish shares surged 12.76% on the announcement.

Bullish (NYSE:BLSH) has agreed to acquire Equiniti, a leading global transfer agent, from Siris Capital for $4.2 billion in a deal combining blockchain infrastructure with traditional capital markets services. The transaction, comprising $1.85 billion in assumed debt and $2.35 billion in Bullish stock, is expected to close in January 2027. The combined entity is projected to generate $1.3 billion in adjusted revenue and $500+ million in adjusted EBITDA less Capex for 2026, with expected 6-8% annual revenue growth through 2029.

Gemini Space Station stock surged 8.71% after CoinDesk reported that potential buyers are interested in acquiring parts of the company's recently closed European and U.K. operations, particularly for their regulatory licenses. The company had announced a 25% workforce reduction in February and is narrowing its focus to the U.S. and Singapore. However, analysts caution that these divested units are unlikely to command premium prices given the company's shrinking operations.

Bullish (BLSH) stock has surged 15.5% this week after hitting a 52-week low, driven by consistent buying from Cathie Wood's Ark Invest ETFs across multiple funds. Despite cryptocurrency market headwinds and a 73% decline from its 52-week high, the stock is attracting institutional interest as a potential buying opportunity for crypto investors.

Ark Invest unveiled its 'big ideas' for 2026 through cryptic ARKmoji images, challenging users to interpret six investment themes: AI Agents, Genomics, Space Race (reusable rockets), Cryptocurrencies/Tokenization, Robotics, and The Great Acceleration. The firm highlighted portfolio holdings aligned with each theme, spanning multiple sectors from biotech to defense and space technology.

BitGo Holdings Inc., a cryptocurrency custodian managing over $100 billion in assets, is planning an NYSE IPO targeting a nearly $2 billion valuation. The company will offer approximately 11.8 million Class A shares priced between $15-$17, with Goldman Sachs as lead underwriter. BitGo joins other crypto companies going public, though recent crypto IPOs like Circle and Bullish have underperformed since their debuts.

Wall Street traded modestly higher Tuesday with the S&P 500 up 0.4% near 6,900. Strong U.S. GDP data (4.3% annualized growth) prompted traders to scale back Fed rate cut expectations. Novo Nordisk surged 9% following FDA approval of Wegovy in pill form. Precious metals rallied significantly, with silver jumping over 2% to break above $70/ounce (up 140% YTD), gold reaching record highs, and platinum surging 5.5%.

Cathie Wood's Ark Invest made strategic purchases in three stocks during late December 2025: Circle Internet Group (a stablecoin company), Bullish (a cryptocurrency exchange), and Schrödinger (a healthcare tech firm specializing in drug discovery). While the crypto plays show growth, the analyst expresses cautious optimism, viewing Schrödinger as the most compelling investment due to its expanding software revenue and potential applications.

Leverage Shares by Themes launched four new single stock leveraged ETFs targeting 200% daily exposure to Bullish, Bitmine Immersion Technologies, Mp Materials, and Nebius Group, expanding their total lineup to 31 ETFs.