Stocks

Kraken said on Thursday that xStocks has exceeded $25 billion in cumulative transactions less than eight months after launch, counting centralized and decentralized trades plus minting and redemptions. The platform reports $3.5 billion in onchain volume and over 80,000 unique onchain holders, alongside a 150% increase since November.

ProShares launched the GENIUS Money Market ETF under ticker IQMM, investing solely in short‑term U.S. Treasurys and designed to qualify as reserve assets for stablecoin issuers. The fund uses a floating NAV, intraday trading, and same‑day settlement, with prospectus notes that yields could be lower versus broader money market mandates.

Mizuho analysts reaffirmed an "outperform" rating and a $26 price target on Gemini Space Station, even as the stock trades near all-time lows around $5.90. They argued that recent executive departures and market turmoil are largely priced in, while cost cuts, a 25% workforce reduction and exiting the UK, EU and Australia could support margin improvement over time. Their valuation framework also includes a $43 bull case and an $8 bear case, both above the current share price.

ProShares has launched the ProShares GENIUS Money Market ETF (NYSE Arca: IQMM), a vehicle built to hold assets eligible as reserves for dollar-pegged stablecoins under U.S. law. The fund confines holdings to cash and U.S. government securities maturing in 93 days or less, while stablecoin supply sits just under $300 billion, according to The Block's data.

Omnicom Group said its board approved a $5 billion share repurchase, including a $2.5 billion accelerated program funded with cash on hand. The stock rose to $77.78, up $7.62 or about 10.84% at 10:06 AM EST on February 19, 2026, after posting record Q4 2025 revenue of $5.53 billion.

After 360T integrated the Kraken-backed xStocks platform on Feb. 9, Deutsche Börse executive Carlo Kölzer said tokenization reflects an evolution in market infrastructure rather than a threat. He outlined a plan for a hybrid setup linking traditional and tokenized assets, while addressing regulatory questions and concerns over synthetic "paper Bitcoin" exposure.

A cohort of self-custodied Bitcoin addresses holding 10–10,000 BTC with 1–3 month UTXOs is down 23.39%, equating to $27.89B in unrealized losses, according to GugaOnChain. U.S. ETFs have seen $8.5B in outflows since October as exposure fell by two-thirds since late 2024. Bitcoin trades just under $67,000 with mixed short-term momentum.

On February 19, 2026, eBay shares climbed in premarket trading after the company reported better-than-expected Q4 2025 results and unveiled a $1.2 billion all-cash agreement to acquire Depop from Etsy. The move expands eBay's presence in fashion recommerce while the stock trades near $88.80, up over 8% from the prior close.

On February 17, 2026, Brian Armstrong said in an analyst AMA and a post on X that Wall Street undervalues Coinbase and misreads its strategy. He cited operating data, including 156% year‑over‑year trading volume, market share doubling in 2025, and 12 products each generating over $100 million annually, and noted that five GSIBs have begun collaborating with Coinbase.

On February 18, 2026, minutes from the Federal Reserve's January FOMC meeting showed broad support for keeping the federal funds rate in the 3.50%–3.75% range, with only a few officials favoring a cut. Policymakers cited persistent inflation, steady economic growth and stabilizing job gains for the pause, while markets now expect a 25 basis point reduction in June.