Gold and silver posted their biggest one-day declines in years as investors took profits following a parabolic rally. Spot gold fell roughly 6%–7% after touching a fresh all-time high the day prior, while silver slid more than 8%; most analysts still see longer-term support from central-bank buying and macro uncertainty.
Source: MarketWatch
Fed’s Waller floats ‘skinny’ master accounts to open payment rails to fintechs and crypto
Federal Reserve Governor Christopher Waller asked staff to explore a limited “payment account” model that would give nonbanks restricted access to Fed payments infrastructure. The structure would cap balances, earn no interest, and exclude discount-window access—aiming to spur innovation while limiting risk—and could be a breakthrough for stablecoin and payments firms long stymied by bank intermediaries.
Source: American Banker
Netflix shares drop on earnings miss tied to Brazil tax hit, even as ad business surges
Netflix reported revenue of $11.5B (+17% Y/Y) but missed profit expectations after booking a roughly $619M Brazil-related tax expense, which reduced operating margin to ~28% versus prior guidance. Management said it delivered its best ad-sales quarter ever and remains on track to more than double advertising revenue in 2025, but the one-time charge rattled investors.
Source: Finance Magnates
Saudi Arabia launches first regulated electronic sukuk/bond venue; Tradeweb executes inaugural trades
Tradeweb debuted a CMA-licensed electronic marketplace for Saudi riyal bonds and sukuk, with the first trades completed between BlackRock and BNP Paribas, followed by BlackRock and Goldman Sachs. The ATS opens up transparent access to a growing fixed-income market and dovetails with Saudi Arabia’s inclusion watchlist for major EM bond indices.
Source: Finance Magnates
Meta and Blue Owl strike $27B private-capital deal to fund AI data centers
Meta and Blue Owl created a record $27B joint venture to finance the tech giant’s “Hyperion” data center, signaling a shift in how Big Tech funds capex-heavy AI ambitions. The transaction underscores the growing role of private capital in AI infrastructure and the appeal of long-dated, contracted cash flows for alternative asset managers.
Source: MarketWatch
Coinbase buys Echo for ~$375M to build end-to-end on-chain fundraising stack
Coinbase acquired Echo, an on-chain capital-formation platform, in a roughly $375M cash-and-stock deal to expand beyond trading into primary issuance and token fundraising. The move, alongside its Liquifi purchase, positions Coinbase to support projects from token creation and cap table management through to distribution, with ambitions to extend into tokenized securities and real-world assets.
Source: Finance Magnates
Capital One unveils $16B buyback and dividend hike as Discover integration spend ramps
Capital One authorized a $16B share repurchase and raised its dividend while outlining additional investment to integrate the Discover acquisition. The bank also delivered an earnings beat, noting resilient credit metrics, bolstering its capital-return story as it builds scale in payments and cards.
Source: Seeking Alpha
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