Roughly 55 million US adults currently own crypto, and a substantial majority of them say digital assets have improved their lives, according to the 2025 State of Crypto Holders Report commissioned by the National Cryptocurrency Association. 

The survey, conducted by The Harris Poll, found that about 21% of the US population owns crypto, and 76% of the holders believe their experience with digital assets has had a positive personal impact.

The poll surveyed 53,805 US adults to identify a representative sample of 10,000 current crypto holders. It is the largest survey to date and reflects a broad demographic range. 

The survey revealed that 67% of holders were under 45 years old, while 15% were over the age of 55, considerably different from a few years ago, when those over the age of 45 were represented in a single-digit percentage.

Meanwhile, gender disparity is also falling, with women accounting for 31% of crypto holders, compared to men accounting for 67% of holders. 

Ownership also grew across all income levels, with households earning less than $75,000 annually now accounting for 26% of crypto-owning households. The report highlighted that the low bar of entry had helped adoption in the lower-income groups.

Beyond investment

The report highlighted that crypto use is not limited to investment. About 39% of holders use it to make purchases, and 96% of those do so at least once a year. Additionally, 31% use crypto to send money to family or friends, and 31% accept it as payment in business transactions. 

Half of all respondents said they were first drawn to crypto by curiosity about the technology, while 60% cited investing in their financial future as the primary motivation for entry.

The report also showed a diversified pattern of holdings. While 11% of holders own over $100,000 in crypto, 55% have portfolios valued under $10,000, and 15% hold less than $500. 

The most commonly known tokens include Bitcoin (99%), Ethereum (91%), and Dogecoin (91%). However, actual usage is concentrated in a smaller group, with Bitcoin held or used by 85% of the respondents, while Ethereum was held or used by 58%.

Regarding societal benefits, 45% of respondents believe crypto promotes financial inclusion and reduces poverty, and the same proportion cited improved digital transaction infrastructure. 

Others pointed to its role in advancing technology (38%) and promoting sustainable financial practices (38%).

Myriad profiles

According to the survey, respondents expressed strong interest in continued education, with 81% saying they want to learn more about digital assets. 

Popular areas of interest include investment strategies (47%), tax implications (39%), blockchain technology (38%), and safety practices (38%). The top sources of information were YouTube and traditional media outlets.

While concerns remain, particularly around scams, volatility, and tax complexities, only 3% of holders reported negative experiences. Out of the 3% negative experiences, about 30% involved fraud or security breaches. 

Meanwhile, 49% of respondents said crypto increased their financial independence, and 45% reported personal growth due to their engagement with the asset class.

Additionally, the majority of respondents view regulation favorably, with 64% supporting government oversight of the sector. 

At the same time, 67% warned that poor regulatory design could stifle innovation, while 73% said they would like to see the US take a global leadership role in crypto development.

The report concluded that US crypto holders view digital assets as personally beneficial and structurally transformative. They express optimism about crypto’s role in financial systems and remain actively engaged in expanding their understanding and participation.

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Meta Platforms Inc (NASDAQ: META) stock closed Wednesday trading at $299.53, down 4.17 percent from the day’s opening price. The day’s losses continued during the after-hours trading session with a drop of about 3.35 percent following the high-impact news. Notably, Meta reported its Q3 2023 results for the quarter that ended on September 30.

According to the announcement, the company beat analysts’ expectations but issued cautionary statements on fourth-quarter earnings caused by the ongoing Middle East conflict. Nonetheless, Meta stock remains one of the best performers since the calendar flipped in January with a rise of about 150 percent YTD.

Meta Q3 2023 Financial Statement

According to the announcement, Meta reported a revenue of $34.15 billion during the third quarter, whereas analysts surveyed by LSEG expected the social media giant to record $33.56 billion. As for earnings per share (EPS), the company reported $4.39, while analysts surveyed by LSEG expected $3.63. The company highlighted that its revenue increased due to the improved digital ads business after experiencing a tough 2022. Moreover, the company has completed its headcount reduction in a bid to further consolidate and increase the efficiency of its business.

“Beginning in 2022, we initiated several measures to pursue greater efficiency and to realign our business and strategic priorities. As of September 30, 2023, we have substantially completed planned employee layoffs while continuing to assess facilities consolidation and data center restructuring initiatives,” the company noted.

The company’s founder and Chief Executive Officer (CEO) Mark Zuckerberg highlighted that the team of engineers has been focused on building advanced mixed reality and artificial intelligence (AI). Moreover, the company launched Quest 3, Ray-Ban smart glasses, and the AI studio in recent months, which have significantly helped Meta remain competitive among its peers and other tech giants like the X platform.

For the three months that ended on September 30, Meta reported about 2.09 billion daily active users (DAU), while analysts surveyed by StreetAccount expected around 2.07 billion. As for the monthly active users (MAU), the company reported 3.05 billion, which was in line with analysts surveyed by StreetAccount. The average revenue per user (ARPU) came in at $11.23, slightly lower than analysts’ estimate of around $11.05 -according to StreetAccount.

The company highlighted that it has seen an increase of about 7 percent on the average time spent on Facebook and 6 percent on Instagram as a result of improved recommendations. According to the company’s finance chief, Susan Li, online commerce was the biggest contributor to the YoY revenue growth. However, Li highlighted that the conflict in the Middle East has presented notable uncertainty in Q4 results.

“We have observed softer ads at the beginning of the fourth quarter, correlating with the start of the conflict, which is captured in our Q4 revenue outlook,” Li said on the call with analysts. “It’s hard for us to attribute demand softness directly to any specific geopolitical event.”

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American multinational tech company Oracle Corporation (NYSE: ORCL) shares dropped approximately 9.23 percent during the after-hours sessions to trade around $115.02. The sudden drop in Oracle shares is largely attributed to the announcement of the fiscal year 2024 Q1 financial results that did not match Wall Street’s expectations. Nonetheless, the company announced that its quarterly revenues were up 9 percent YoY to about $12.5 billion. Notably, the company’s guidance for the first quarter was about 8-10 percent in constant currency hence an adjusted earning per share of about 86 cents.

During the first quarter, the company announced cloud services and license support revenues were up approximately 13 percent. However, Oracle noted that the cloud license and on-premise license revenues dropped by about 10 percent YoY during the first quarter.

Oracle and  Q1 2024 Financial Statement

According to the Q1 earnings announcement, the company’s performance was outstanding backed by the rise of generative artificial intelligence (AI) around the world. Moreover, the company’s cloud infrastructure revenue grew by 66 percent during the first quarter. Notably, Oracle’s total cloud service revenue, infrastructure plus applications grew by about 30 percent to about $4.6 billion. As a result, Oracle anticipates better performance in the future amid the mainstream adoption of artificial intelligence through generative applications.

“Is Generative AI the most important new computer technology ever? Maybe!,” Oracle Chairman and CTO Larry Ellison noted. “Self-driving cars, molecular drug design, voice user interfaces – billions of dollars are being invested in AI. As of today, AI development companies have signed contracts to purchase more than $4 billion of capacity in Oracle’s Gen2 Cloud. That’s twice as much as we had booked at the end of Q4. The largest AI technology companies and the leading AI startups continue to expand their business with Oracle for one simple reason—Oracle’s RDMA interconnected NVIDIA Superclusters train AI models at twice the speed and less than half the cost of other clouds.”

As for the specific segments, Oracle’s cloud infrastructure reported a revenue of about $1.5 billion, while the Fusion cloud ERP and the NetSuite Cloud ERP reported a revenue of $0.8 billion and $0.7 billion respectively.

Following an uptick in Q1 2024 revenue, Oracle’s board of directors approved a cash dividend of about 40 cents per share, which will be paid out to shareholders on October 26, following a snapshot on October 12. Meanwhile, Citi raised its Oracle share price target to $138 from $121 but kept a neutral rating.

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Netflix Inc (NASDAQ: NFLX) shares dropped as much as 8.3 percent during Wednesday’s after-hours session to trade around $438. The $211 billion valued video streaming company announced its second-quarter earnings on July 19, which although depicted better than expected earnings showed a struggling company to fight the password-sharing challenge. For Q2 2023, Netflix revealed earnings per share of $3.29 compared to $2.86 expected by analysts surveyed by Refinitiv. Additionally, the company announced a revenue of about $8.2 billion compared to the $8.3 billion forecast by analysts surveyed by Refinitiv.

Netflix in Q2 2023

According to a letter sent to Netflix shareholders, the company announced an operating profit of about $1.8 billion and expects revenue growth to accelerate during the second quarter. Furthermore, revenue during the second quarter grew by about 3 percent YoY fueled by a 6 percent increment in paid membership. During the second quarter, the company successfully launched paid sharing in more than 100 countries, which represents over 80 percent of its revenue base.

The company is, however, still facing stiff competition from other video streaming platforms like YouTube, Amazon Prime Video, Hulu, and Disney+, among others. Nonetheless, the company continued to invest in content creation to give subscribers value for money.

“Long-term success takes strength in both entertainment and technology, a combination that’s not been required of large media or tech companies in the past. It’s about one’s ability to work with the best creators; to produce and license movies, TV shows, and ultimately games across multiple genres and languages globally,” the company noted.

Notably, the company ended the second quarter with a gross debt of about $14.5 billion, which was in line with the company’s target of about $10B -$15B. In its $5 billion share buyback program, Netflix repurchased 1.8 million NFLX shares worth about $645 million during the second quarter. With Netflix running above its targeted minimum cash level, the company announced that the share buyback program will accelerate during the second half of the year.

The share repurchase program has helped Netflix shares gain about 62 percent YTD and also maintain a bullish outlook. Moreover, 43 analysts have given Netflix shares an average rating of Over despite rallying 120 percent in the last year.

For the third quarter, the company expects revenue of $8.5B, up 7 percent year over year. The company announced that it has widened its coverage on ad-sharing plans. As a result, Netflix expects its fourth-quarter earnings to come in even better than the third quarter.

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Macy’s Inc (NYSE: M), an American conglomerate holding company that engages in consumer goods, released its first-quarter earnings results on June 01. According to the announcement, Macy’s reported net sales of $4.98 billion during the first three months of the year (Q1 2023), which represented a decline of approximately 7 percent YoY basis. However, analysts surveyed by REFINITIV expected the company to report revenue of about $5.04 billion during the first quarter.

Notably, the company noted that the first quarter’s net income was $155 million, representing 56 cents per share, having dropped from $286 million or 98 cents per share a year ago. As a result, M shares continued with this year’s bearish outlook during Thursday’s pre-market to trade around $13.09, down approximately 4 percent.

According to the latest stock market data, M shares have dropped approximately 40 percent in the last three months, after registering a decline of 42 percent last year.

Macy’s Q1 2023 Financial Highlights

The $3.83 billion valued company declared its regular quarterly dividend of 16.54 cents per share on the common stock, which is payable on July 3, 2023, to shareholders snapshot taken on June 15, 2023. This is after reporting its merchandise inventories for the first quarter came in at $4.607 billion. However, the company noted that the remaining part of the year will be lower than expected.

“The company is taking a cautious approach to the remainder of the year and is reducing its annual 2023 sales and earnings guidance to reflect anticipated macroeconomic impacts to the consumer,” Macy’s noted.

Nevertheless, the company’s Chief Executive Officer Jeff Gennette noted that the first quarter beat the expectations in gross margin rate that came in at 40.0 percent, up from 39.6 percent in the first quarter of 2022.

As for the Bluemercury segment, Macy’s noted that comparable sales gained 4.3 percent on an owned basis. Whereby approximately 676,000 active customers shopped the Bluemercury brand, on a trailing twelve-month basis. The company noted that Bloomingdale’s brand reported 4.1 million active customers on a trailing twelve-month basis. Nonetheless, Bloomingdale’s comparable sales dropped approximately 3.9 percent on an owned basis.

“During the first quarter, we delivered a solid beat on our gross margin rate and bottom line expectations enabled by our disciplined teams, the strength of our inventory management, and operational efficiencies. We planned the year assuming that the economic health of the consumer would be challenged, but starting in late March, demand trends weakened further in our discretionary categories,” Gennette noted.

Forward, the company promised its customers that Nike is returning to its stores starting in October. As a result, Macy’s anticipates that sales will peak as the festive season kicks in in the second half of the year.

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