Jin10 reports that JPMorgan is optimistic about the Chinese stock market and has upgraded its rating on A-shares to "overweight."

Tether CEO Paolo Ardoino scoffed at the latest rating from S&P, stating that its traditional rating system leads investors to failure and questioning the independence of rating agencies. He emphasized that Tether has become a highly profitable company with over-capitalization and non-toxic assets, showing that the fragility of the old financial system makes those in power uneasy.

Golden Finance reports that Tether CEO Paolo Ardoino responded to the rating given to Tether by S&P, stating that the agency's traditional model has "harmed investors for decades" and that Tether is well-capitalized, with "no toxic reserves." He added, "We take pride in your disdain."

BlockBeats news, on November 26, according to Bloomberg, S&P Global Ratings has downgraded Tether's USDT stablecoin's ability to maintain its peg to the USD to the lowest rating, warning that a fall in Bitcoin prices could lead to insufficient collateral for the stablecoin. On Wednesday, the rating agency analysts downgraded USDT's stability rating from "restricted" to "weak." S&P stated that this assessment "reflects the increased exposure to high-risk assets in USDT reserves over the past year," which include Bitcoin, gold, secured loans, and corporate bonds, while also taking into account the limited disclosure of information.

MicroStrategy confirmed that even if the price of Bitcoin falls to $25,000, its debt-to-asset ratio will remain at 2.0 times, well below its average purchase cost of $74,000. The company's stock price has fallen by 49% and is facing the risk of being removed from the MSCI index, with a decision expected to be made before January 2026. MicroStrategy's $16 billion in debt is supported by Bitcoin at a ratio of 3.6 times, demonstrating strong resilience. The total amount of convertible bonds it holds is $8.214 billion, with a BTC rating of up to 6.9 times; the total amount of preferred shares is $7.779 billion, with a BTC rating of 3.6 times. Overall, the company's total debt, including preferred shares, amounts to $15.993 billion, currently supported by more than three and a half times the value of its Bitcoin assets.

According to a report by China Merchants Securities International, Google Cloud has secured a NATO AI cloud contract, which will provide a dedicated secure cloud system and utilize AI to enhance operational efficiency. At the same time, Google is competing for TPU orders with Meta, showcasing its market opportunities. Investor concerns about Google may ease, maintaining a "buy" rating with a target price raised to $390.

PANews, November 26 news, Strategy stated in a post on platform X: "If the price of Bitcoin falls to our average cost price of $74,000, we still have assets equivalent to 5.9 times the convertible debt, which we refer to as the Bitcoin rating of the debt. If the price of Bitcoin falls to $25,000, that ratio would be 2.0 times."

According to ChainCatcher news and CriptoNoticias reports, the Sumar party in the Spanish Parliament has submitted an amendment to the House of Representatives aimed at modifying three tax laws to strengthen the taxation of Crypto Assets. The proposal suggests incorporating the gains from non-financial tool type crypto assets into the general tax base for personal income tax, with a maximum tax rate of 47%, compared to the current upper limit of 30% for savings tax base. At the same time, it stipulates that such gains be taxed at a rate of 30% under corporate income tax. The proposal also requires the Spanish National Securities Market Commission (CNMV) to create a risk rating system for crypto assets, which must be displayed on investment platforms. In addition, the amendment includes all crypto assets in the scope of assets that can be seized, expanding the previous regulations that only applied to assets within the EU MiCA regulatory framework.

PANews, November 21, news from The Block reports that JPMorgan maintains a "neutral" rating on the cryptocurrency exchange Bullish (BLSH), despite its Q3 performance exceeding expectations. However, it has lowered the 2026 target price from $46 to $45, due to excluding the stablecoin Interest income from IPO fundraising. The new target price has an upside potential of about 23.3% compared to the current Closing Price of $36.5. Analysts expect that the rise in market Fluctuation in Q4 will improve the trading environment and are optimistic about the early launch of Bullish Options products and the growth of institutional clients.

Odaily News On November 19, the BNB Chain ecosystem RWA card platform SuperSuperRare announced the launch of a card-drawing-based points leaderboard system. According to the official introduction, the current points mechanism of the SSR platform is calculated based on the FMV (fair market value) of the cards obtained by users during each draw. The rankings on the leaderboard will be determined by users' drawing records and the number of cards opened. SuperSuperRare stated that this project is a on-chain card-drawing platform that combines TCG (trading card game) with RWA. Currently, the available Pokémon cards have been authenticated by the rating agency PSA, and users can freely choose to buy back with one click.

According to a report by Golden Finance, a Reuters/Ipsos poll shows that Trump's support rate has fallen to 38%, the lowest level since his return to the White House, due to Americans' dissatisfaction with his handling of the cost of living and the investigation into Epstein. The four-day poll, which concluded on Monday, also shows signs of weakening Trump’s control over the Republican Party. At the beginning of his second term, 47% of Americans approved of him. The nine-point drop since January brings his overall support rate close to the low point of his first term and near the lowest level achieved by his Democratic predecessor, Biden. Biden's support rate had fallen to as low as 35%, while Trump's support rate during his first term had dropped to 33%. Only 26% of Americans say Trump is doing a good job managing the cost of living, down from 29% earlier this month.

Golden Finance reports that Fed Governor Barr warned that weakening the Federal Reserve's regulatory power could lead to the accumulation of "real risks" within the banking system, and that these risks could lay the groundwork for a crisis over the long term. Barr stated that regulatory work relies on a reliable rating framework, forward-looking regulatory measures, and a highly skilled workforce. He added that measures such as "reducing the scope of examiner coverage, weakening the rating system, and redefining the 'unsafe and unsound' business standards long adhered to by the banking industry" would make it difficult for examiners to take action before it is too late.

Golden Financial reports that Mizuho Securities maintains a "underperform" rating on Circle stock, with analysts lowering the fundamental target price from $84 to $70. Circle's stock (ticker symbol CRCL) traded around $82 on Friday, down nearly 40% over the past month. Mizuho Securities analysts stated in a research report: "We believe the company's valuation fails to adequately reflect the major risks facing its mid-term earnings." The analysts also pointed out that potential risks include "upcoming interest rate cuts and relatively stagnant economic growth." High (and rising) circulation costs, as well as increasingly fierce competition among stablecoins.

JPMorgan has upgraded Circle's rating from "Underweight" to "Overweight," raising the target price from $94 to $100. Analysts point out the improvement in Circle's fundamentals and strong performance in the third quarter. He believes the current stock price is still below its peak, presenting a buying opportunity, and Circle's USDC stands out among stablecoins.

BlockBeats news, on November 13, a poll shows that Trump's support rate remains at 40%, while the opposition rate has risen to 58%. (Jin10)

CreditSights analyst Mary Pollock warns that SoftBank bonds may be affected by AI market sentiment, despite strong second-quarter performance driven by OpenAI valuation increases. She emphasizes that AI valuations carry bubble risks and advises investors to be patient for a better entry point.

Golden Finance reports that the stock price of Bitcoin miner Bitdeer Technologies Group (stock code BTDR) has fallen over 30% this week, dropping from slightly above $23 on Monday morning to about $16 on Tuesday. The company's third-quarter earnings failed to meet investors' expectations for significant artificial intelligence infrastructure upgrades, leading to a continued downward trend in the stock price for nearly a month. Despite this, Benchmark analyst Mark Palmer reaffirmed a buy rating and a target price of $38. In a stock report released on Tuesday, he noted that the sell-off "seems to reflect overly high investor expectations rather than any deterioration in the company's fundamentals." Palmer stated that Bitdeer's fundamentals remain solid in self-mining, hosting, and cloud services, with revenue increasing by 174% year-over-year.

Jefferies raised the price target for NVIDIA to $240, maintaining a "Buy" rating due to the surge in AI Computing Power demand. Despite being removed from the core select list, analysts remain optimistic about its leadership position in the AI sector, predicting a significant rise in order size and revenue.

Morgan Stanley predicts that Standard Chartered Group's stock price will outperform its peers in the next 30 days, with a success probability of about 70 to 80 percent, based on its strong quarterly performance and upgraded earnings forecast. The target price is set at HKD 176.7, with a rating of "Buy".

The decentralized stablecoin USDD has achieved a security score of 87.5 on the CertiK Skynet platform, rated AA, indicating its leading position in smart contracts security and protocol health.

Jin10 data reported on October 31 that Lyon published a report stating that ASMPT (00522.HK) adjusted net profit in the third quarter fell 24% from the previous quarter to HKD 100.6 million, lower than the market expectation of HKD 200.08 million, mainly due to a decline in gross profit margin. The report noted that the company's TCB business is progressing steadily, successfully obtaining the industry's first HBM4 12H order from two global high-end memory manufacturers. Mainstream business growth is benefiting from the demand for artificial intelligence. Based on a higher price-to-book ratio, the target price was raised from HKD 76.6 to HKD 95, and the rating was maintained at "outperform the market."

Jin10 data reported on October 30th that CMB International has raised its target price for Fuyao Glass (06865.HK) by 3%, from HKD 11.7 to HKD 12.05. However, it is expected that the company's performance will significantly weaken in the next two quarters. After the recent rebound in stock price, the valuation attractiveness is limited, therefore the rating has been downgraded from "Buy" to "Neutral". The bank has raised its profit forecast for the company in 2025, but slightly lowered the forecasts for 2026-2027.

Wall Street brokerage Benchmark has raised the target stock price of Bitcoin mining company Hut 8 from $36 to $78, maintaining a "buy" rating. Hut 8 has transformed into an energy infrastructure company, focusing on the AI and high-performance computing markets, holding Bitcoin and shares in the US Bitcoin company. Analysts believe its Intrinsic Value is still higher than its market capitalization.

S&P Global Ratings has assigned a credit rating of "B-" to Bitcoin Treasury Company Strategy, which is a speculative non-investment grade with a stable outlook. The report points out credit risks such as its high concentration of Bitcoin, a single business structure, and weak capital strength, and emphasizes the risks of currency mismatch.

Berkshire Hathaway (BRK) was rare rated "sell" by KBW investment bank, mainly due to analysts' cautious attitude towards its earnings outlook, worrying about Buffett's retirement and macro risks. Class B shares have only risen 7.8% this year, underperforming the S&P 500 index.

Lyon released a report indicating that Li Ning's retail revenue in the third quarter declined year-on-year, with online sales growth outpacing offline, inventory days increasing, and discount intensity rising. Although the performance guidance for the fiscal year 2025 is maintained, it believes Li Ning faces challenges in sales and gross margin, maintaining a "Hold" rating with a target price of 16 HKD.

The Lyon Research Report points out that WuXi AppTec's Q3 performance exceeded expectations, with significant rises in both revenue and net profit. The company has raised its full-year revenue growth guidance, anticipating further improvement in net profit margins. Revenue and net profit forecasts for 2025 to 2027 have been raised, while maintaining an "outperform" rating and increasing its target price.

According to Jinse Finance and CoinDesk, Citigroup has lowered the neutral rating target price for Gemini while raising the buy rating target price for Bullish. Citigroup's analyst team stated that the rise in Gemini's transactions will take longer, and although the credit card sign-ups and app downloads were strong in October, the volume still fell short of expectations. The approval of Bullish's New York BitLicense and the expansion of institutional access are strong signs of its growth momentum.

Jin10 data, October 22 - Randall Bartlett, an analyst at Canadian financial company Desjardins, stated that the upcoming Canadian budget plan is likely to show that the federal government's debt-to-GDP ratio will be on a rising trajectory over the next decade. In the budget outlook, Bartlett expects the annual budget deficit for the 2025-26 fiscal year to reach approximately 74 billion Canadian dollars, which is more than 2% of GDP, reflecting increased defense spending to fulfill NATO obligations. The agency predicts that the federal debt-to-GDP ratio in Canada will approach 43% in the 2025-26 fiscal year and gradually rise to 46% within a decade. Looking back at the 2010s, this ratio in Canada remained at a low level of around 30% until the COVID-19 pandemic led to a surge in spending. Bartlett stated that he currently does not believe that the credit rating will be downgraded immediately.

BlackRock has become one of the largest investors in Meta's $27 billion "Hyperion" data center project in Louisiana, purchasing over $3 billion in bonds. This financing scale sets a historical record, with S&P giving it an A+ rating, despite a yield of up to 6.58%.

Against the backdrop of strong corporate profits in France, the CAC40 index has broken its historical high, reaching a maximum of 8240.92 points, offsetting concerns over political turmoil and credit rating downgrades. Investors are following the excellent earnings reports, believing that the market has absorbed the downgrade impact.

The latest poll shows that the American public is more inclined to blame the Republican Party for the partial government shutdown, with Trump's approval rating slightly rising to 42%. The shutdown has lasted for 21 days, making it the third longest in history.

Some large global asset management companies' bond funds are avoiding forced sales of French bonds by adjusting investment rules. For example, funds from State Street and BlackRock no longer use strict AA credit rating standards as a Benchmark to maintain exposure to French debt. These changes have already shown results, especially after S&P downgraded France's rating.

Jin10 data reported on October 20, on Friday, S&P downgraded France's credit rating from AA- to A+, while investors seemed indifferent, and the euro rose. ING analyst Francesco Pesole stated in a report that the euro rebounded after French Prime Minister Le Cornu passed the no-confidence vote last week, but "it is hard to feel too satisfied with France." Le Cornu's decision to freeze pension reforms complicates budget decisions, and given the government's fragility, it is still too early to completely rule out France's impact on the euro.

Golden Finance reported that Treasury Edge published on the X platform stating that broker B Riley has just initiated coverage on Bitmine ($BMNR), giving it a "buy" rating with a target price of 90 dollars.

Odaily News Investment bank Citizens has begun rating the Ethereum treasury company SharpLink Gaming (SBET), giving it a "outperform" rating with a target price of $50, and stating that its stock price has potential upside of over 200%. It is reported that Citizens' bullish stance on SBET is based on a long-term optimistic view of the ETH price movement, predicting that ETH will exceed $7,000 by 2026 and may exceed $20,000 by 2030.

France faces uncertainty brought by credit rating decisions, with political and financial crises highlighting its vulnerabilities, and Moody's and S&P becoming key assessment agencies. If the rating is downgraded, it may force bond funds to passively sell French sovereign bonds, leading to an increase in investor yield demands.

Morgan Stanley reports that Broadcom has partnered with OpenAI to deploy 10 gigawatts of AI accelerators between 2026 and 2029, with OpenAI expected to become its fifth-largest customer. Despite a positive market outlook, the investment execution and financing plans remain unclear, leading to an increase in Broadcom's 2027 revenue forecast to $73.2 billion and reaffirming the "Overweight" rating.

Odaily News Wall Street brokerage Bernstein stated that if U.S. interest rates drop significantly, Circle (CRCL)'s revenue could be impacted, but strong demand for stablecoins and operating leverage may help mitigate the blow. Currently, the rating for Circle's stock is outperform, with a target price of $230. The stock dropped 2.3% in early trading, falling to around $134.40. (CoinDesk)

Jin10 data reported on October 13th that Morgan Stanley released a report initiating coverage of Innovasea (02577.HK), rating it "in line with the market" with a target price of HKD 95, equivalent to a projected price-to-sales ratio of 34 times for next year. The bank pointed out that Innovasea is a leading manufacturer of GaN power integrated circuits and believes that the company is well-prepared to benefit from secular growth drivers such as artificial intelligence data centers, humanoid Bots, and electric vehicles. However, market competition remains fierce, and the bank believes that the current valuation largely reflects the market's high expectations.

Odaily News In response to the community user's question regarding "the market data of meme rush being lower than BNB Holder in the Meme Ranking but still ranking first," He Yi responded: "Official: The token ranking only reflects the relative performance of Binance exclusive tokens and does not represent any listing advantages of the token. The token score is calculated based on multidimensional data such as market capitalization, price, holding amount, and trading activity. Customer service Xiao He: Don't focus on the ranking, it is only for reference."

Jin10 Data, October 8 - According to the Financial Times, France's outgoing Prime Minister Élisabeth Borne proposed pausing President Macron's flagship pension reform during negotiations with left-wing opposition parties. The soon-to-be former Prime Minister is currently seeking ways to resolve France's ongoing political crisis. The core of Macron's reform is to raise the legal retirement age from 62 to 64, and pausing this reform would be a significant concession to the left-wing camp—potentially avoiding early parliamentary elections, but at the cost of sacrificing the core pillar of Macron's economic reforms. The left-wing camp welcomed this proposal. Important center-left political figure and Member of the European Parliament Raphael Glucksmann stated that there is a path to achieving a suspension of the reform, and our demands are not unattainable. Last month, the rating agency Fitch became the first to downgrade France's sovereign credit rating, warning that "if fiscal consolidation measures are not implemented," France could face.

Jin10 data reported on October 6, Tianfeng Securities released a research report on October 1, stating that it has adjusted the profit forecast for Industrial Technology (002674.HK) and maintained an "overweight" rating. Considering the weak domestic sales, the profit forecast has been slightly adjusted, expecting the net profit attributable to the parent company for 2025-2027 to be 140 million, 180 million, and 200 million yuan (original values were 150 million, 180 million, and 230 million yuan); the PE ratios are expected to be 32x, 26x, and 23x respectively.

The U.S. Congressional Budget Office estimates that the shutdown from 2018 to 2019 caused a loss of approximately $11 billion. Concerns over another government shutdown have weakened the dollar, while gold has reached an all-time high, and the dollar index has fallen by nearly 10%. Rating agencies warn that U.S. fiscal risks could affect credit ratings.

Jin10 data reported on September 30, JPMorgan released a report stating that it raised the target price of UBTECH (09880.HK) by 12%, from HKD 159 to HKD 178, with a rating of "Overweight". Morgan Stanley stated that UBTECH's stock price has risen 71% since July, mainly benefiting from its signing of three significant orders, which have rapidly enhanced its position as a leader in industry commercialization. The company's orders, including the Walker S2, have exceeded the company's shipment target and Morgan Stanley's full-year expectations.

Odaily News Wall Street brokerage Canaccord Genuity reiterated its buy rating on Bitcoin miner Cipher Mining and raised its target price from $12 to $16. The stock rose 1.2% in early trading to around $11.60. It is reported that last week's announcement exceeded expectations, as the company signed a protocol with Google-backed Fluidstack, establishing its market position in the "miners turning to AI" trend. (CoinDesk)

According to ChainCatcher news, Jin10 reports that Goldman Sachs has upgraded the rating of the global stock market outlook from "neutral" to "overweight" for the next three months. Goldman Sachs analysts pointed out that the main reasons for the rating upgrade are the strong U.S. economy, supportive valuations, and a more dovish stance from the Fed. They believe that robust corporate earnings growth, the Fed's easing of monetary policy without a recession, and the continuation of global fiscal policy easing will continue to support the stock market.

ChainCatcher news, JPMorgan has downgraded the rating of the US Bitcoin mining company CleanSpark Inc. (NASDAQ: CLSK) from "Overweight" to "Neutral", while lowering its target price from $15 to $14 due to valuation concerns. According to reports, CleanSpark's mining output in August was 657 BTC, with a Bitcoin holding of 12,827 coins. Data shows that this month, CLSK's increase once exceeded 60%, with the current stock price at $12.96 and a total market value of $3.643 billion. The revenue for Q3 2025 is $198.6 million, slightly below expectations.

According to ChainCatcher news, as reported by Bitcoin.com News, JPMorgan has upgraded the rating of the U.S. Bitcoin mining operator Riot to "overweight." JPMorgan analysts stated that the upgrade is primarily based on two factors: first, Riot's Bitcoin production capacity is underestimated by the market; second, the company has rising potential in the artificial intelligence infrastructure sector.

Golden Finance reports that credit rating giant Moody's has stated in a new report that the adoption of Crypto Assets in emerging markets poses risks to monetary sovereignty and financial resilience. Moody's pointed out that if the penetration rate of stablecoins pegged to the US dollar continues to rise, and leads to market pricing and settlement activities increasingly detached from the domestic currency, it will weaken the transmission effect of monetary policy. The report shows that by 2024, the number of cryptocurrency holders is expected to increase to 562 million, a growth of 33% compared to 2023.