Core Insights - Goldman Sachs has disclosed approximately $260 million in combined holdings of Solana and XRP ETFs, marking a significant institutional interest in these assets alongside Bitcoin and Ethereum [3] - The bank's $108 million investment in Solana was largely accumulated during a market downturn, indicating a strategic move to capitalize on lower prices [4][7] - Institutional acceptance of Solana is growing, with validation from major financial players like Goldman Sachs and Citigroup, which is experimenting with tokenized trade finance [5][6] Investment Strategy - Goldman Sachs is investing in Solana due to its high-throughput blockchain infrastructure, which offers scalability and cost-effectiveness compared to Ethereum [7][8] - The bank's approach reflects a broader trend among financial institutions to explore alternative cryptocurrencies beyond Bitcoin, which is often referred to as "digital gold" [7] Market Dynamics - Solana's network activity has surged by approximately 25% in early 2026, yet median fees have remained stable, showcasing its ability to handle increased usage without significant cost to users [8] - The growing institutional exposure to Solana suggests a shift in the crypto landscape, where traditional financial institutions are beginning to recognize the potential of alternative assets [5][6]

Core Viewpoint - Figure Technology Solutions, Inc. has announced a proposed secondary public offering of up to 4,230,000 shares of its Series A Blockchain Common Stock, aiming to enhance its capital structure and market presence [1] Group 1: Offering Details - The proposed offering includes a share repurchase plan where Figure intends to buy back up to $30 million of its Class A common stock from underwriters at the same price per share as the offering [2] - Goldman Sachs & Co. LLC, Morgan Stanley, and Cantor Fitzgerald will serve as lead joint book-running managers and sales agents for the offering [3] Group 2: Company Overview - Figure Technology Solutions operates as a blockchain-native capital marketplace, facilitating origination, funding, and trading of tokenized assets, with over 200 partners and more than $22 billion in home equity originated [6] - The company’s ecosystem includes Figure Connect, a consumer credit marketplace, and Democratized Prime, an on-chain lend-borrow marketplace, along with DART for asset custody and $YLDS, a yield-bearing stablecoin [6]

Core Viewpoint - NVIDIA Corporation (NASDAQ:NVDA) is identified as a top high growth, high margin stock, with Goldman Sachs revising its Buy rating and setting a price target of $250, anticipating a strong quarter driven by favorable supply/demand trends in the industry [1] Group 1: Stock Performance and Projections - Near-term stock price growth for NVIDIA is expected to hinge on insights into 2027 revenue, as the potential for 2026 has already been factored into the stock price [2] - Goldman Sachs has identified several catalysts that could lead to higher earnings in the first half of 2026, including sustained positive adjustments to hyperscaler capital expenditure through 2027 and increasing demand from unconventional clients such as AI companies OpenAI and Anthropic [2] Group 2: Technological Advancements - NVIDIA's technological edge may be further enhanced by the successful outcomes of new large language models developed on the company's Blackwell architecture [3] - The company designs and sells specialized processors that are essential not only for gaming but also for AI, data centers, professional visualization, and the automotive sector [3]

Let's get uh right to our next guest here at Pebble Beach. David Solomon is chairman and CEO of Goldman Sachs. And you're killing it, David.It's been eight years. >> It's we're in the we're in the eighth year. Joe, >> I think there were a couple years where maybe you wouldn't have wanted to be out here at a at a at a golf tournament maybe.>> Yeah. I mean, I you know, there there there are times when I think it's great to be out here and there are times where you've got to have your head down and and focused ...

Core Viewpoint - Elon Musk's bankers are exploring a financing plan following the merger of SpaceX and xAI to alleviate the significant interest costs incurred by Musk in recent years [1][2]. Group 1: Debt and Financing - Musk has accumulated nearly $18 billion in debt from the Twitter buyout and the establishment of xAI, with a financing deal expected to help reduce this debt burden ahead of a potential IPO later this year [2]. - Morgan Stanley, which facilitated Musk's Twitter acquisition and xAI's debt raising, is anticipated to play a key role in the financing plan, alongside other banks like Goldman Sachs, Bank of America, and JPMorgan [3]. - Musk's acquisition of Twitter was supported by a $12.5 billion financing package, which has resulted in substantial monthly interest payments [4]. Group 2: Debt Management and Market Response - Initially, banks holding Twitter's debt faced challenges due to concerns over Musk's content moderation approach, which affected ad revenue, leading to a delay in offloading the debt [5]. - In April, banks successfully sold the last portion of Twitter's buyout debt, amounting to $1.23 billion, at a fixed rate of 9.5% and a discounted price of 98 cents on the dollar [5]. - Following the merger with xAI, the social network was valued at $45 billion, including debt, and xAI subsequently took on an additional $5 billion in debt, with creditors expressing concerns about profitability and cash flow [6].

Core Insights - Goldman Sachs has revealed a significant investment in digital currencies, totaling $2.36 billion, with a notable portion allocated to altcoins, including assets linked to the CoinShares Altcoins ETF (DIME) [1] - Despite a decline in the overall cryptocurrency market, Goldman Sachs increased its positions in spot XRP and Solana ETFs, holding $152.2 million and $108.9 million respectively at the end of the year [1] - The filing indicates that major investors are recognizing value in higher-tier altcoins, which aligns with the focus of the DIME ETF [1] Cryptocurrency Market Overview - The cryptocurrency market is currently facing challenges, with Bitcoin experiencing a decline from approximately $114,000 at the end of September 2025 to around $88,400 by year-end [1] - Ethereum also saw a drop, falling from $4,140 at the end of September to $2,970 by the end of the year [1] Investment Trends - Goldman's strategy of increasing altcoin ETF holdings during a market downturn suggests potential confidence in the long-term value of these assets [1] - The actions of Goldman Sachs may encourage other investors to consider similar moves in the altcoin space, highlighting a potential shift in investment strategies within the cryptocurrency market [1]

格隆汇2月13日｜高盛资产管理公司多行业固定收益投资主管Lindsay Rosner表示，鉴于1月CPI数据并未 如担忧那般强劲，美联储的"正常化"降息路径似乎更加清晰。这将取决于就业市场是否继续呈现改善迹 象，因为FOMC对劳动力市场疲软的敏感度很高。我们仍然预期美联储今年将降息两次，下一次降息将 在6月份进行。 ...

来源：滚动播报 高盛首高盛首席执行官大卫·所罗门：我们可以实现强劲增长，且不会出现过高通胀。 ...

高盛首席执行官大卫·所罗门称小型首次公开募股（IPO）面临阻力。 来源：滚动播报 ...

Group 1 - Anthropic has completed a $30 billion financing round, achieving a post-money valuation of $38 billion [1] - OpenAI has released its first AI model based on Cerebras Systems' semiconductor chip, named GPT-5.3-Codex-Spark [1] - SoftBank's PayPay has filed for an IPO in the U.S., aiming to raise over $2 billion, with a projected profit of ¥103.3 billion (approximately $675 million) and revenue of ¥278.5 billion, showing significant growth [1] Group 2 - The U.S. January CPI data is set to be released, with JPMorgan predicting a month-over-month increase of 0.4% in core CPI, higher than the market consensus of 0.3% [2] - UBS has indicated that the market has not fully absorbed the disruptive risks of AI, particularly in the low-quality credit sector, predicting a slight increase in default rates by the end of 2026 [2] - A significant trend of global capital rebalancing is emerging, with $104 billion flowing into European, Japanese, and other developed market equity funds, compared to $25 billion into U.S. equity funds [3]