Banks' interest in tokenized deposits grew in second quarter
American Banker·- Major banks increasingly tested and developed tokenized deposits faster than stablecoins during the second quarter. - Twenty-four of the largest 50 banks monitored tokenized deposits as of the first quarter, compared to 17 tracking stablecoins. - Financial institutions planned consortia and new projects to modernize business operations and expand digital asset strategies.Bill Ackman's Pershing Square Re-Enters Netflix Four Years After Losing More Than $400 Million, Says NFLX Has ‘Won the Streaming Wars’
benzinga_article·- Bill Ackman’s Pershing Square acquired a 3.15 million-share position in Netflix Inc. (NASDAQ:NFLX), representing 4.9% of its portfolio, four years after incurring a $400 million loss on the stock. - The hedge fund stated that Netflix has won the streaming wars and anticipates double-digit revenue compounding with slower content cost growth driving margin expansion. - Pershing Square also established new stakes in Visa Inc. (NYSE:V), Mastercard Inc. (NYSE:MA), S&P Global Inc. (NYSE:SPGI), Intercontinental Exchange Inc. (NYSE:ICE), and Alcon AG (NYSE:ALC) during the portfolio reshuffle.Pershing Square Holdings swings to H1 FY26 loss of USD 1.93 billion
PUBT·- Pershing Square Holdings reported a net loss of USD 1.93 billion for 1H 2026, swinging from a USD 1.92 billion profit in the previous period. - The company experienced a 12.6% drop in NAV per share and a 23.9% decline in its share price, with total equity sliding to USD 12.94 billion. - Portfolio adjustments during this period included adding six new investments such as Visa, Mastercard, and Netflix, while exiting positions in Universal Music Group, Alphabet, and Hertz.