Search





Search





NewsStocks

Crypto Daily｜Strategy Is Tagged Junk by S&P in Initial Rating; Galaxy Digital Sinks After $1 Billion Exchangeable Bond Offer

TigerOct 28, 2025 5:40 AM

View all comments（0）



Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto News

Saylor’s Strategy Is Tagged Junk by S&P in Initial Rating

S&P Global Ratings assigned Strategy Inc. a junk level credit rating, citing the enterprise software maker turned Bitcoin accumulator’s high concentration in cryptocurrency, narrow business focus, weak risk-adjusted capitalization and low US dollar liquidity as weaknesses.

The company formerly known as MicroStrategy was rated B-, or six notches below investment grade, with a stable outlook, the credit-rating company said in a statement Monday. Michael Saylor, who co-founded the firm and has overseen the pivot to accumulating Bitcoin over the past five years, noted in a post on X that it was the first-ever rating of a Bitcoin treasury company.

$2.5T Citigroup Partners With Coinbase to Enable Stablecoin Payments

Citigroup, a top U.S. bank with $2.5 trillion asset under management has partnered with Coinbase. They aim to explore the use of stablecoins for corporate payments. This marks another major step in Wall Street’s embrace of blockchain technology.

The collaboration aims to help Citigroup’s institutional clients move funds between crypto and traditional accounts more efficiently, per a Bloomberg report. Citigroup said the initiative will focus on developing faster and more flexible payment options for businesses.

Galaxy Digital Sinks After $1 Billion Exchangeable Bond Offer

Shares of Galaxy Digital Inc. plunged 9% in overnight trading after the company’s operating partnership announced a $1 billion sale of exchangeable bonds.

Galaxy Digital Holdings LP is offering the 5.5-year bonds, which are exchangeable into common shares of Galaxy Digital, with a coupon of 0.5% to 1%, according to people familiar with the matter. The digital asset firm’s shares are traded in New York and Toronto.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Monday was $149.3 million. The total net asset value of Bitcoin spot ETFs is $155.89 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.83%.

The Bitcoin spot ETF with the highest net inflow on Oct. 27 was ARK 21Shares Bitcoin ETF , with a net inflow of $76.4 million. Followed by iShares Bitcoin Trust ETF , with a net inflow of 65.27 million, according to SoSoValue.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

US Stocks Mixed as Dow Drops 160 Points; Tech Stocks Lead, Meta Rises 4.5%

The top leaders of China and the U.S. met in the United States, alongside reports that U.S.-Iran negotiations were seeking to reopen the Strait of Hormuz. U.S. stocks recovered part of their losses, with technology stocks leading the gains. At the close, the Dow Jones Industrial Average fell 0.31% to 51,349.98; the Nasdaq Composite Index rose 0.01% to 26,939.37; and the S&P 500 Index dipped 0.02% to 7,704.13.

Meta Stock Forecast: Muse Monetization Path Is Key as JPMorgan Raises Price Target to $920; Can Stock Hit Record High?

On September 24, Eastern Time, Meta Platforms (META) reached an intraday price of $777.89, hitting a nearly one-year high. Following the Meta Connect event, JPMorgan raised its price target on the company from $820 to $920 while maintaining an Overweight rating. The core reason is that the monetization path for Muse is becoming increasingly clear, leaving the bank more optimistic about Meta's growth potential beyond advertising.

Oracle Tumbles 7% as Project Jupiter Data Center Force Majeure Notice Sparks Delay Concerns

On September 24, Oracle (ORCL) fell as much as 5% in pre-market trading and dropped over 7% after the market opened. Sparking market concerns was a force majeure notice issued by the company regarding Project Jupiter, a large-scale data center in New Mexico. Investors' focus is shifting from massive AI orders to delivery timelines and capital recovery. According to Bloomberg, Oracle has sent a formal notice to developer Stack Infrastructure, seeking to delay payments if the project fails to become operational as planned in 2028. This move does not imply exiting its position as the primary tenant, nor does it mean a payment waiver has been granted. Oracle maintained that the project is proceeding according to schedule, but did not specifically address the notice itself.

Meta Connect 2026 New Product Roundup: Muse Integrated Into AI Glasses, Can It Drive Meta Revenue Growth?

TradingKey - At the Connect 2026 conference held from September 23 to 24, Meta (META) unveiled the Ray-Ban Meta Audio, third-generation Ray-Ban Meta, and Meta VR Glasses, while upgrading the Meta Ray-Ban Display. The company also announced the integration of its personal AI agent, Muse, into its AI glasses, expanding its product scope from mobile phones and social apps to wearable devices.

The Week Ahead: US-China Summit in Washington, Costco Earnings and Fed Rate Path in Focus

TradingKey - During the week of September 21 to 25, Eastern Time, the US stock market will focus on the meeting between Chinese and US leaders, the Federal Reserve's policy outlook, and economic data such as US new home sales and durable goods orders.

Featured Tools