ratings

Công ty xếp hạng tín dụng toàn cầu S&P Global Ratings vào thứ Năm đã phát hành báo cáo, lần đầu tiên cấp cho ngân hàng kỹ thuật số của Anh Revolut xếp hạng đầu tư BBB+, và dự kiến công ty này sẽ phát hành trái phiếu không đảm bảo cấp cao vào năm 2027 để xây dựng một đệm nợ có thể hấp thụ tổn thất tiềm năng, đáp ứng yêu cầu quy định.Báo cáo chỉ ra rằng quy mô bảng cân đối kế toán của Revolut đã vượt quá 40 tỷ bảng Anh (khoảng 53,5 tỷ USD); nếu ngân hàng này gặp phải sự cố phá sản, Ngân hàng Trung ương Anh có thể thúc đẩy tái cấu trúc, để các nhà đầu tư gánh chịu tổn thất tương ứng. S&P dự đoán, khi Revolut mở rộng hoạt động cho vay bán lẻ không đảm bảo và ra mắt sản phẩm cho vay thế chấp, quy mô danh mục cho vay của họ sẽ tăng gấp đôi vào năm 2027 và lại tăng gấp đôi vào năm 2028.S&P cho rằng, Revolut có thương hiệu người tiêu dùng mạnh, nền tảng công nghệ có thể mở rộng và sản phẩm ngày càng đa dạng, nhưng mối quan hệ với khách hàng ngân hàng chính của họ vẫn thấp hơn so với các ngân hàng truyền thống, sự mở rộng toàn cầu nhanh chóng cũng có thể làm gia tăng độ phức tạp trong hoạt động và rủi ro tuân thủ. BBB+ thuộc về cấp độ thấp hơn trong xếp hạng đầu tư của S&P.

Công ty xếp hạng Fitch chỉ ra rằng chi phí vay mượn toàn cầu đang tăng lên, lợi suất trái phiếu đang tăng cao.

Theo báo cáo của The Block, S&P Global Ratings đã ra mắt khung đánh giá rủi ro mới dành cho các kho tiền cho vay trên chuỗi. Báo cáo cho biết quy mô tiền gửi trong lĩnh vực này đã đạt 10 tỷ USD, trong khi hai năm trước chỉ là 1,5 tỷ USD.Khung này sẽ đánh giá rủi ro tín dụng, thanh khoản, quản lý, chuỗi khối, giao thức, an ninh và quản trị, các đánh giá kho tiền đầu tiên sẽ được công bố sau đó.

Fitch Ratings, an international credit rating agency, released an assessment report on Monday, categorizing Bitcoin-backed securities as "speculative grade" credit ratings, warning of their "high risk" that could lead to losses for lenders and investors.The report pointed out that the extreme volatility of Bitcoin prices is a major risk factor. When the collateral coverage ratio falls below the stipulated threshold, it can quickly erode the value of the collateral and trigger margin calls and forced liquidations.Fitch cited the collapses of crypto lending platforms such as BlockFi and Celsius in 2022-2023, emphasizing the vulnerability of collateral models under market pressure. This assessment primarily targets credit instruments that directly rely on the value of collateral for repayment, excluding equity products like spot Bitcoin ETFs.

According to Cointelegraph, international credit rating agency Fitch Ratings has released a report warning of a potential negative reassessment for U.S. banks with "significant" exposure to cryptocurrencies.Fitch Ratings stated that while cryptocurrency integration can enhance fees, yields, and efficiency, it also poses "reputational, liquidity, operational, and compliance" risks to banks. The report noted that the issuance of stablecoins, the tokenization of deposits, and the application of blockchain technology provide banks with opportunities to improve customer service, but banks need to adequately address challenges such as cryptocurrency value volatility, the anonymity of digital asset owners, and the protection against digital asset theft.The report also emphasized that if the stablecoin market grows to a size that could impact the treasury market, it may pose systemic risks. Major banks such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are all involved in the cryptocurrency space.

Bitcoin critic and economist Paul Krugman stated in a blog post that the recent decline in Bitcoin (BTC) is not a coincidence, but rather related to the declining poll numbers of pro-cryptocurrency U.S. President Trump.In his Substack article "The Trump Trade is Unraveling," Krugman wrote that Trump's plummeting poll numbers have negatively impacted Bitcoin prices.He believes that Trump had promised to support the digital asset industry and promote pro-cryptocurrency policies, making Bitcoin effectively a bet on "Trumpism."He added that President Trump's diminished power has led to a weakening of his efforts to promote cryptocurrency, which in turn has affected Bitcoin prices.Krugman has long criticized Bitcoin. He argues that Bitcoin is economically useless, serving neither as a medium of exchange nor as a hedge against inflation, and its performance resembles that of a more volatile tech stock. (Decrypt)

ChainCatcher news, the crypto risk analysis company Agio Ratings announced the completion of a $6 million financing round, led by AlbionVC, with participation from Portage Ventures and MS&AD. To date, the company's total financing has reached $11 million. The company primarily assesses and quantifies the risks of exchanges, custodians, and lending institutions in the cryptocurrency industry. The new funds are intended to expand the scope of risk ratings and provide support for traditional financial institutions such as banks.

ChainCatcher news, according to Jin Shi reports, S&P Global Ratings economists stated that overall, inflation will remain relatively controllable, and there may be room for further easing of monetary policy in the future.

ChainCatcher news, according to CoinDesk, global credit rating giant Moody's has completed a test with tokenization startup Alphaledger to embed municipal bond credit ratings on the Solana blockchain. This experiment integrates Moody's rating data directly into tokenized securities on the blockchain via API, providing institutional investors with real-time and reliable credit information.This initiative is expected to drive the development of real-world asset (RWA) tokenization, with Boston Consulting Group and Ripple predicting that the market could reach $18.9 trillion by 2033. Moody's stated that it will continue to explore the application of its ratings in the digital financial ecosystem, potentially expanding to other fixed income products such as corporate bonds in the future.

ChainCatcher news, according to CoinDesk, Untangled Finance and Moody's Ratings have completed a proof of concept that tests a system allowing decentralized access to Moody's financial data, transferring credit ratings on-chain.The proof of concept conducted on the Polygon Amoy testnet integrates Moody's ratings into Untangled Finance's risk oracle, Credio.The system uses zero-knowledge proof (ZKP) technology, allowing for the secure publication, updating, and revocation of credit ratings on-chain while protecting proprietary information.This development can make risk assessment more transparent and efficient, enabling DeFi protocols and other blockchain-based applications to integrate real-time credit data without relying on centralized intermediaries.

ChainCatcher news, QCP Capital's latest analysis points out that after a turbulent week, the market has returned to the starting point of last Monday. Over the weekend, Trump announced the establishment of the U.S. Crypto Strategic Reserve. While some market participants believe this news has already been priced in, others see it as the only catalyst to drive cryptocurrency innovation to new highs later this year. Unexpectedly, Trump used this "lifeline" in advance, pulling the Bitcoin price back above $90,000 during the low liquidity period on Sunday.QCP Capital notes that for a president proud of being a market hero, last week's performance of risk assets was disappointing. The new round of tariff policies and the less-than-expected progress in the Russia-Ukraine talks have shaken investor confidence. Although the timing of the strategic reserve announcement was unexpected, the political considerations are clear—Trump needs a win to prevent a decline in approval ratings, which is a metric he personally values highly.Despite encouraging signs of recovery in risk assets, the market has not fully returned to normal. Bitcoin is still trading near the bottom of its multi-month range, front-end cryptocurrency volatility remains relatively high, and major cryptocurrencies continue to show a bearish skew until the end of March. The VIX fear index is also at a high level, indicating widespread unease in the market regarding overall risk assets, especially after the recent announcement by the U.S. government to raise tariffs.Key events this week include Wednesday's Purchasing Managers' Index (PMI), Friday's non-farm payroll data, and Friday's White House cryptocurrency summit. The latter will be an important event, expected to reveal key details about the U.S. cryptocurrency reserve and regulatory framework.

ChainCatcher news, a Reuters/Ipsos poll found that President Trump's approval rating has slightly declined in recent days as more Americans express concern about the direction of the U.S. economy, with Trump threatening to impose tariffs on many countries. The six-day poll concluded on Tuesday, showing that 44% of respondents approved of Trump's job performance, down from 45% in the poll conducted from January 24 to 26.In the latest poll, the proportion of Americans who disapprove of President Trump's job performance has significantly increased to 51%, compared to just 41% when he first took office. Trump's immigration policies received relatively high support, with 47% of respondents backing his policies, including a commitment to increase deportations of illegal immigrants. This figure has not changed much since January. However, in the latest survey, the percentage of Americans who believe the economy is on the wrong track rose from 43% to 53%. Public support for Trump's economic management dropped from 43% to 39%.

ChainCatcher news, JPMorgan upgrades the ratings of Bitcoin mining companies Cipher, CleanSpark, and MARA. JPMorgan raised the rating of Cipher Mining and CleanSpark from neutral to overweight, and upgraded MARA's rating from underweight to neutral. JPMorgan downgraded IREN's rating from overweight to neutral.JPMorgan also set a new target price of $8 for Cipher and raised its target price for CleanSpark from $10.50 to $17.JPMorgan stated that it is introducing a new sum-of-the-parts (SOTP) valuation framework for mining companies, which takes into account the company's mining operations, respective land and power portfolios, and their holding balances to reflect the Bitcoin that the company may hold on its balance sheet.

ChainCatcher news, CNN's final poll shows that former U.S. President Trump and U.S. Vice President Harris have equal support rates, both at 47%.

ChainCatcher news, according to The Block, Macquarie, the Australian multinational investment bank, has given "outperform" ratings to several Bitcoin mining companies including MARA, Riot Platforms, Core Scientific, CleanSpark, and Cipher Mining. Analysts believe these companies are shifting focus from cryptocurrency to artificial intelligence (AI) and high-performance computing (HPC) models.Macquarie analysts Paul Golding and Emma Liang noted that in recent years, Bitcoin mining businesses have become increasingly diversified, a trend that has accelerated following Bitcoin's fourth halving in April this year. Some mining companies view their unique power resource advantages as opportunities to diversify into non-crypto-related hosting businesses, while others focus on accumulating Bitcoin assets.

ChainCatcher news, according to a new poll by the AP-NORC Center for Public Affairs Research, voters' views on Harris have improved slightly since July, when President Joe Biden had just exited the race. Now, the perception of this Democratic presidential candidate is positive rather than negative. Former President Donald Trump's support remains steady, although this poll was conducted before the Republican candidate was assassinated on a golf course in Florida on Sunday (September 15).Currently, about half of registered voters have a favorable view of Harris, while the proportion of those with a favorable view of Trump is 37%. The current support rates for both candidates are similar to those in August. The August 2024 poll found that 48% of the public had a favorable view of Harris, while 41% had a favorable view of Trump. The latest poll found that 88% of Democratic voters have a favorable view of Harris, while 77% of Republican voters have a positive view of Trump.

ChainCatcher news, according to Coindesk, British banking giant Barclays has upgraded the ratings of Coinbase (COIN) and Robinhood (HOOD) from underweight to equal weight, citing that the business models of these two companies are better.Barclays analyst Benjamin Budish stated that both companies have "significantly matured," especially due to the rich expansion of products and a more positive financial outlook. Given that both presidential candidates have taken an increasingly friendly stance toward the digital asset industry, and several spot ETFs have already been approved, Coinbase, in particular, stands to benefit from a more favorable regulatory environment.

ChainCatcher message, Etherscan announced on social media that the Etherscan Card has added a builder rating, supported by the talent technology startup Talent Protocol.

ChainCatcher news, the Hong Kong Virtual Asset Rating Agency (HKVAC) has officially been established and is launching the "Virtual Asset Index" and "Virtual Asset Exchange Rating." Among them, the HKVAC Large Cryptocurrency Index reflects the overall performance of high market capitalization cryptocurrencies in the global cryptocurrency market; the Virtual Asset Exchange Rating reflects the credit status of trading platforms and promotes transparency and accountability in the virtual asset trading market.It is reported that HKVAC was initiated by professional rating agencies and industry stakeholders, including big data companies, exchanges, institutional investors, and is composed of Hong Kong licensed rating agencies. (source link)