Application Software

American Bitcoin

Coinbase

Financial Analysis

COIN

ABTC

GBTC

SBET

In the early hours in Beijing on Feb 13, after the US close, $Coinbase(COIN.US) reported its Q4 2025 results. The quarter was weak, missing Street expectations.However, the stock has largely decoupled from the print. Since Feb, COIN has sold off alongside a deeper crypto pullback, while most Street estimates were set in Jan.Stepping back from near-term estimates, the company is in an investment-led expansion phase, entering stock trading, equity perpetuals, and prediction markets via M&amp;A and in-house builds. As a result, opex has risen meaningfully...

Grayscale Bitcoin Trust BTC - ETF

Sharplink

Bad Tape + Weak Print: When Does COIN Bottom?---

Strategy Report

PHUN

DJTWW

.SPX

SOXS

.IXIC

SQQQ

GLDM

SDOW

SGOL

A hand-controlled life necessity price, plus a man-made interest price, will ochestrate US' economy boom in 2036.

Phunware

Trump Media & Tech

Trump Media & Tech - CW28

C3.AI

VanEck Semiconductor ETF

iShares Core S&P Mid Cap

S&P 500

Direxion Semicon Bear 3X

iShares Gold Trust

NASDAQ Composite Index

Proshares UltraPro Short QQQ ETF

SPDR Gold Minishares

SPDR Gold Shares

iShares Core S&P Small Cap

ISHRS Russ 1000

iShares Core S&P 500

Invesco QQQ Trust

Pro UltrPro Shrt Dow30

Abrdn Gold ETF Trust

3% US 2026 GDP—New Policy Floor of AI Era?

Square/Block

Conference Minutes

CASH

688688

09988

89988

BABA

KBAB

BABO

BABX

HBBD

NVAWW

Below is the earnings call minutes for Block in 2025Q3 compiled by Dolphin Research. For earnings interpretation, please refer to &#34;Plunged 15%, North America's Alipay Block 'Not That Guilty'&#34;. I. Review of Key Financial Data Full-Year Guidance: Q4 2025 gross profit is expected to increase over 19% year-over-year to $2.755 billion; Q4 adjusted operating profit is projected at $560 million, with an operating profit margin of 20%; full-year gross profit is estimated at $10.243 billion (+15%); full-year adjusted operating profit is anticipated to be $2.056 billion (+28%)...

Pathward Fin

Block

ANT GROUP

BABA-W

BABA-WR

Alibaba

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

Nova Minerals

VanEck Short Muni ETF

Ameriprise Financial

Alibaba HK SDR 5to1

NOVA MINERALS LTD C/WTS 24/07/2029 (TO PUR ADS)

Block (Minutes): Bitcoin payment feature to be launched soon

CRCL

DLPN

On November 7th, after the U.S. stock market closed, Block (XYZ.US), a leading player in the U.S. payment sector, released its financial report for the third quarter of 2025. Overall, the performance this quarter was not poor. The core revenue, excluding Bitcoin trading business, and the adjusted net profit both exceeded expectations. The guidance for the next quarter also basically met expectations, with no significant flaws in the performance. The sharp drop in stock price was more due to macro market reasons. The key points are as follows: 1. Core revenue and profit slightly exceeded expectations: This quarter, Block's core revenue, excluding Bitcoin, grew by 17% year-on-year...

Circle

Dolphin ENT

Wt Inlt L-Cp Dvd

Plummeting 15%, North America's Alipay Block 'not guilty of this'

Robinhood

HOOD

SCHW

03066

03068

03009

03179

BETA

03046

03439

CONL

03135

07376

03042

03008

BITS

SCHW-D

SCHW-J

On November 6th, the American influencer retail brokerage stock $Robinhood(HOOD.US) released its earnings report before the U.S. stock market opened. After a nearly 300% surge over three quarters, the market's expectations were high. Can the actual results meet the capital market's enthusiastic expectations? Let's take a closer look: 1. Total revenue was $1.27 billion, up 100% year-on-year and 29% quarter-on-quarter; it slightly exceeded Bloomberg's consensus estimate of $1.21 billion. However, since the company had already announced impressive operational data for September on September 29th, the real buy-side expectations have been elevated since then...

Charles Schwab

FA CSOP BTC

FA CSOP ETH

BOS HSK ETH

HGI ETH

Beta Tech

CAM ETH

HGI BTC

GraniteShares 2x Long COIN Daily ETF

FA SAMSUNG BTC

FI CSOP BTC

CAM BTC

BOS HSK BTC

Global X Blockchain & Bitcoin Strategy ETF

SCHWAB(CHARLES)CORP 5.95% DEP SHS REP 1/40 NON CUM PERP PF D

SCHWAB(CHARLES)CORP 4.450% DEP SHS REP 1/40TH N-CUM PFD SERJ

Robinhood: Quadruple in a Year, Is the King of U.S. Retail Investors Really That Impressive?

Rivian

RIVN

MASS

002838

DAWN

Successfully climbed out of the second quarter loss mire

Rivian Automotive

908 Devices

Day One Biopharmaceuticals

ING Groep

Rivian: Narrowing Losses, R2 Mass Production Imminent, Is Rivian's Dawn Approaching?

Continued tight liquidity has started to affect beneficiaries under ample liquidity, such as Bitcoin, as well as tech growth stocks with weak fundamentals and excessive valuations. But what cause the liquidity shortage abruption? what may ease it? and how to position portfolios under this circumstance?

Angel Oak Mortgage-Backed Securities ETF

ON Semiconductor

U.S. gov. shutdown to trigger a 'dollar shortage'?

Today’s Key News Recap

300750

03750

00941

NVDA

002415

600941

80941

NVDL

07788

07388

NVDY

NVDD

NVDX

NVDQ

HCCD

1020 ｜Dolphin Research Key Focus: 🐬 Macro/Industry 1. In the latest interview, Trump continued to release signals of easing and hinted that the door is still open. Additionally, according to media reports, the Trump administration is quietly relaxing several tariff policies. This statement temporarily alleviated market concerns about the escalation of trade friction and is expected to boost risk asset sentiment. However, caution is needed regarding the repetitiveness of his strategy, and subsequent developments need to be observed for detailed implementation and continuity of execution. 2. Data released by the National Bureau of Statistics shows that the domestic gross domestic product for the first three quarters of 2025 was 101.5 trillion yuan, calculated at constant prices...

Taiwan Semiconductor

CATL

Coca Cola

CHINA MOBILE

NVIDIA

HIKVISION

China Mobile

CHINA MOBILE-R

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Long NVIDIA Daily Target ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

CATL HK SDR 30to1

Nvidia's Blackwell chip is about to be mass-produced in the United States; tariff easing signals continue to be released | Today's important news review

Schwab

BMNR

Fully capable of mitigating the impact of interest rate cuts through cash reinvestment.

BitMine Immersion Tech

Nuveen Select Maturities Muni Fd

Santander Consumer USA

AllianceBernstein

Charles Schwab (Minutes): Will launch cryptocurrency trading next year, but is not optimistic about tokenized stocks.

Hot topic

BYTED

TACO

000333

MSFT

09999

09899

COST

VIPS

GOOG

GOOGL

TACOU

TACOW

RUMBW

00300

ALL-B

ALL-H

ALL-I

ALL-J

NTES

Originally, in the mid-September Madrid negotiations, the U.S.-China talks resolved the long-standing major conflict over TikTok. However, Trump's emotional essay on a 100% tariff seemed to have set back the bilateral relations overnight. But following Trump's press inquiries, Vance's statements, and press conferences from China's Ministry of Commerce, the TACO transaction became almost a consensus expectation. In this article, Dolphin Research will elaborate more on how this TACO transaction differs from previous ones and what other insights can be drawn besides TACO. 1. This TACO...

ByteDance

Berto Acquisition

Rumble

Midea Group

Allstate

Outfront Media

Disney

Microsoft

NTES-S

Trump 'Breaks Defense': Not Just TACO, Will There Be a Revaluation of Chinese Assets?

American Bitcoin(ABTC.US)

Canaan Q1 2026 Earnings Call Transcript

Solana’s Q1 revenue boosted by Pump.fun, generating $124.7 million, accounting for one-third of total despite memecoin decline. RWA market cap exceeds $2 billion.

Strive CEO Matt Cole Increases Bitcoin Holdings by $30.3 Million

New Observations on DePIN in the AI + Crypto Field

Peter Brandt Predicts Bitcoin Bottoming Ahead of Next Halving

Tokenmaxxing: Bye Bye Fixed Costs: AI Becoming A Metered Utility Headache

Blockchain Developer Numbers Shift Amid AI Migration

Base Ecosystem Meme Coin KellyClaude Surges 120%

Swan Bitcoin sued for nearly $1B over pre-bankruptcy transfers from Prime Trust