Hedge funds just revealed their Q4 portfolios. The world’s largest investors are making the same bet.

We’ll get into all of it.

THE RUNDOWN

FED › Minutes from the January meeting showed a more divided central bank than expected. Several officials floated possible rate hikes if inflation stays sticky. Markets still price 93% odds of a hold in March, and two to three cuts remain the base case for 2026. But the tone was noticeably hawkish.

THE PLAY: How the Biggest Investors Are Positioning to Win in 2026

The 13F filings this week told a pretty clear story, even if the individual moves seem contradictory. The biggest investors in the world are getting out of the trades that worked last…

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Minneapolis Fed President Neel Kashkari on Thursday attacked crypto and stablecoins, saying proponents deliver “word-salad nonsense answers” when pressed to explain how the technology actually works for cross-border payments.

The Cross-Border Attack

Kashkari used a personal example to dismantle crypto’s cross-border payment thesis. 

His wife was born in the Philippines, and he asked crypto advocates how he could send money to his father-in-law in Manila to buy groceries.

“They say, oh my gosh, it’s so costly to do it today. With this gee whiz crypto stuff, you could do it instantly,” Kashkari said. “But then I still say, how does he buy groceries with it? Well, you still got…

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Jim Cramer took to social media platform X on Thursday to question the cryptocurrency market, specifically questioning Bitcoin’s (CRYPTO: BTC) utility during periods of geopolitical instability.

• What is BTC doing today?

Cramer Dismisses “Iranian War Hedge” Narrative

As tensions between the U.S. and Iran reach levels not seen in decades, Cramer dismissed the long-held thesis that Bitcoin serves as a safe-haven asset.

“at the risk of antagonizing everyone, what IS Bitcoin levered to? I was thinking could be good hedge against Iranian war. NOPE,” Cramer wrote on X.

Market “Slaughter” and Sentiment Shift

The broadcaster did not mince words regarding current price action. In…

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Bitcoin (CRYPTO: BTC) trades around $66,000, but on-chain data suggests the broader crypto market may not be “dead,” though warning signs are emerging.

Is Crypto Dead? On Chain Metrics Say Not Yet

According to data from Santiment, Bitcoin’s network activity has declined significantly since February 2021: 42% fewer unique addresses transacting and 47% fewer new addresses being created.

While this does not confirm a multi-year bear market, it reveals a notable bearish divergence: Bitcoin’s market capitalization reached new highs in 2025 even as underlying network participation weakened.

For a sustainable long-term relief rally, analysts suggest key metrics, such as active addresses, new…

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Sam Bankman-Fried said an appeals court just overturned a conviction because Judge Lewis Kaplan wrongfully blocked evidence—the same judge who sentenced SBF to 25 years and presided over Trump’s E. Jean Carroll case.

The Appeals Court Precedent

The Second Circuit threw out a conviction in a separate case, finding that Judge Kaplan wrongfully excluded evidence of intent. 

The appeals court vacated several counts and remanded for further proceedings—a significant rebuke of Kaplan’s evidentiary decisions.

Bankman-Fried immediately connected the dots. “Kaplan repeatedly cut off my testimony and excluded every kind of evidence the government asked him to,” he posted on X. 

His…

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XRP (CRYPTO: XRP) is seeing new institutional partnerships reshape its role within the crypto ecosystem.

Cryptocurrency
Ticker
Price
Market Cap
7-Day Trend

XRP
(CRYPTO: XRP)
$1.40
$85.8 billion
+1.1%

Bitcoin
(CRYPTO: BTC)
$66,558.60
$1.32 trillion
-1.9%

Ethereum
(CRYPTO: ETH)
$1,949.78
$235.3 billion
-1.7%

Trader Notes: Crypto Tony said XRP remains in a clear bearish trend. The outlook calls for further downside, with short-term rallies likely to be viewed as opportunities to short rather than signs of a sustained reversal.

Statistics: Data from Santiment shows overall crypto momentum fading, with social sentiment turning increasingly bearish on Bitcoin and Ethereum…

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