SPDR Dow Jones Industrial Average ETF

SPDR S&P 500 ETF Trust

Invesco QQQ Trust Series 1

IOTA

IOTA is gaining attention as the community highlights institutional utility partnerships and new technical integrations, alongside a strategic pivot toward global trade infrastructure. Market participants are debating its long-term potential as a foundational DLT technology, often grouping it with other ISO 20022-compliant projects while monitoring oversold technical signals.

XYO is the original and one of the largest Decentralized Physical Infrastructure Networks (DePIN), boasting over 10 million nodes and consistently leading DePIN in both scale and revenue generation. Launching its Mainnet ahead of any other DePIN, XYO specializes in collecting and validating real-world data, bridging it seamlessly to Web3 and Web2 companies across AI, geolocation, and other critical data sectors. At the core of XYO are Proof of Location and Proof of Origin technologies, enabling accurate validation of real-world data for innovative use cases such as Real-World Asset (RWA) tracking, DePIN applications, real-world gaming, and treasure hunts. Recently, XYO expanded its ecosystem by launching the XYO Layer One blockchain, purpose-built to support the intensive data demands of DePIN, RWA, AI, and similar data-driven industries. XYO employs a unique dual-token model: XYO Token: An externally traded token supporting the DePIN ecosystem, rewards, staking, and governance, enhancing overall ecosystem value and scarcity.   XL1 Token: Internal to the XYO Layer One blockchain, facilitating transactions, gas fees, and other blockchain-specific use cases. The dual-token economics are strategically designed to increase scarcity and promote sustainable growth. The XYO token is available on major exchanges, including Coinbase. The XL1 token will launch publicly later in 2025. To accelerate network adoption and growth, XYO created the popular COIN app. Beyond the XYO Foundation, the team founded the U.S.-based, for-profit entity XY Labs Inc., notable as the first U.S. crypto company qualified by the SEC for a Regulation A offering, permitting share sales to both accredited and non-accredited investors. XY Labs further stands out as one of the pioneering U.S. companies to tokenize and publicly list its shares. These tokenized shares trade as $XYLB on the tZERO ATS, positioning XY Labs prominently in the growing wave of Real-World Asset (RWA) tokenization.

XYO Network

XYO Network is seeing heightened activity and community discourse as investors debate its potential in the DePin sector amid ongoing speculation regarding major tech partnerships and future utility. While some users are actively accumulating during price consolidation, others remain skeptical, frequently labeling recent volatility as recurring pump-and-dump behavior.

DEGEN is a reward token for Farcaster users, born from meme culture. It features a unique tipping system that allows the community to reward high-quality content creators. DEGEN also powers the Degen Chain, one of the pioneering Layer 3s launched on Base. Known as the “Las Vegas of blockchains,” it provides a platform for building and using Degen apps, offering a space for fun, innovation, and community-driven experiences.

Degen

Degen is trending as the community debates potential price catalysts, including upcoming web app updates, token buybacks, and persistent rumors of exchange listings. While many users express frustration with recent price action, others maintain strong conviction in the project's long-term utility and its evolution within the Base ecosystem.

Janux Therapeutics, Inc. operates a preclinical stage biopharmaceutical company which engages in developing therapeutics based on the Tumor Activated T Cell Engager platform technology. The company was founded by David Campbell in June 2017 and is headquartered in San Diego, CA.

Janux Therapeutics Inc

Janux Therapeutics is currently trading at a deep discount, with its market capitalization falling below its total cash on hand, leading many in the community to argue that the market is essentially valuing its pipeline and proprietary TRACTr/ARM technology at zero. Investors are actively discussing the potential for an eventual rebound, a short squeeze, or an acquisition by a major pharmaceutical partner as the company navigates the market's overreaction to recent clinical data.

What is Chromia? Chromia is an open source public blockchain conceived of by Swedish company Chromaway AB. The Chroma token (CHR) was launched in May of 2019. The technology behind the Chromia blockchain is adapted from an earlier technology called ‘Postchain’, a solution provided by Chromaway AB for enterprise clients.&nbsp;  How does Chromia work? Chromia is a standalone Layer-1 blockchain and EVM compatible Layer-2 enhancement for Binance Smart Chain and Ethereum. It is designed to enhance existing dApps and allow for the creation of next-generation dApps by providing scalability, improved data handling, and customizable fee structures. The blockchain uses a unique architecture called relational blockchain, as well as a custom programming language called Rell.  Rell is designed to code and function very similarly to SQL, allowing developers to leverage the security and immutability of blockchain while storing and handling data with the efficiency of a relational database.&nbsp; Each dApp running on Chromia operates on its own sidechain which is rooted in the main blockchain. This allows each application to scale more efficiently and gives each application developer the freedom to choose from a variety of fee structures. For example, one application may require users to pay transaction fees in CHR (similar to how Ethereum or Bitcoin work), while another application could stake enough CHR to reserve computational power and allow their users to make unlimited transactions without paying any fees at all.&nbsp;  What applications have been built on Chromia? Chromia already has a wide variety of applications building upon their blockchain, using their chain as a decentralized storage layer, and using their Layer-2 enhancements. These applications range from DeFi options trading platform Hedget, to open world farming game My Neighbor Alice, to government land registry initiative LAC PropertyChain.&nbsp; One of the latest features in development is a new NFT standard called Chromia Originals, which will operate both as a native standard on Chromia’s chain as well as an enhancement layer for existing ERC-721 and BEP-721 tokens. Work on these Layer-2 enhancements are being developed in cooperation with My Neighbor Alice.  Who is behind Chromia? Chromia’s core team consists of industry veterans Or Perelman, Henrik Hjelte and Alex Mizrahi. All three have deep roots in the crypto space, going back to the early days of Bitcoin and Ethereum. For example, Alex published several early academic papers on Proof of Stake consensus and was also one of the key figures behind Colored Coins, one of the first projects to develop the idea of ‘tokens’ that would later be brought to prominence by Ethereum.  In summary, Chromia is a Layer-1 and Layer-2 blockchain solution under active development, with the goal of delivering enhanced features and data handling and storage capabilities to decentralized applications.

Chromia

Chromia is currently seeing significant community interest driven by the project's ongoing development in the metaverse and gaming sectors, with many users highlighting its potential as a low-market-cap 'sleeper' gem. Investors are actively discussing the platform's Layer-1 technology and its expanding ecosystem, frequently comparing its long-term growth prospects to other established gaming-focused blockchain projects.

Natera, Inc. is a diagnostics company, which engages in the discovery, development, and commercialization of genetic testing services. It provides Panorama non-invasive prenatal test (NIPT), Vistara, horizon carrier screening (HCS), spectrum pre-implantation genetic screening and spectrum pre-implantation genetic diagnosis, Anora products of conception (POC) and non-invasive paternity testing (PAT). The company was founded by Matthew Rabinowitz and Jonathan Sheena in November 2003 and is headquartered in Austin, TX.

Natera Inc

Natera is experiencing significant market interest driven by recent patent litigation wins and strong institutional support, making it a prominent focus in the oncology diagnostics space. The community is actively discussing the company's competitive positioning in liquid biopsy and MRD testing, with many traders closely monitoring its price momentum and growth potential.

Advanced Energy Industries, Inc. engages in the provision of power electronics conversion products. Its products include AC-DC power supply units, DC-DC conversion, high voltage amplifiers and power supplies, plasma power, controllers, sense, and measurement. The company was founded by Douglas S. Schatz in 1981 and is headquartered in Denver, CO.

Advanced Energy Industries Inc.

Advanced Energy Industries is trending due to the company's Q1 earnings report, which exceeded analyst expectations and demonstrated strong growth in its Data Center business. Investors are actively debating the sustainability of this AI-driven momentum, weighing the company's valuation against its role as a key supplier for critical data center infrastructure buildouts.

Assembly Biosciences, Inc. is a biotechnology company that focuses on developing small molecule antiviral therapeutics for serious viral diseases. Its lead programs, ABI-5366 and ABI-1179, long-acting helicase-primase inhibitors, are in clinical development for recurrent genital herpes. The company is partnered with Gilead Sciences to advance current and future antiviral programs across herpesviruses, HBV, and HDV. Assembly Biosciences was founded in 2005 and is headquartered in South San Francisco, CA.

Assembly Biosciences Inc

Assembly Biosciences is generating significant market interest following clinical trial updates and sustained institutional accumulation from major partners like Gilead. The community is actively debating the potential for long-term platform validation and the possibility of a future buyout, while navigating volatility driven by clinical data readouts and financing developments.

iShares Trust - iShares China Large-Cap ETF

iShares China Large-Cap ETF

The iShares China Large-Cap ETF (FXI) is seeing heightened volatility and investor attention as market participants navigate a complex landscape of shifting trade relations with the U.S. and ongoing concerns regarding China's domestic economic stability. The community is actively debating the impact of recent geopolitical headlines, trade framework discussions, and potential stimulus measures on long-term growth versus the risks of structural economic hurdles.

Bill Holdings, Inc. engages in the provision of cloud-based software solutions. The firm simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses. Its software helps customers generate and process invoices, streamline approvals, send and receive payments, sync with their accounting systems and manage their cash. The company was founded by Rene Lacertea in April 2006 and is headquartered in San Jose, CA.

BILL Holdings Inc

Bill.com Holdings Inc

Bill.com Holdings is trending as investors weigh significant price underperformance against its growth potential, with active community discussion focused on potential M&A prospects, the impact of recent activist investor involvement, and the company's valuation relative to its fintech peers.

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<ul class="summary-bullets"><li>Analysts at Mizuho called Fannie Mae and Freddie Mac the backbone of the U.S. secondary residential mortgage market, which is worth $14.3 trillion.</li><li>The firm stated that Fannie Mae’s guarantee business is a high-quality, fee-based model with broad geographic exposure and implicit government support.</li><li>Mizuho assigns a 30% probability that Fannie Mae exits government conservatorship by 2028 and a 20% probability for Freddie Mac, both slightly above market-implied expectations.</li></ul>Shares of Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, were in focus in Monday’s opening trade after analysts at Mizuho initiated their coverage of the stock with an optimistic note.According to TheFly, Mizuho has a price target of $10 on Fannie Mae, with an ‘Outperform’ rating. The firm sees an upside of more than 12% from current levels.<a href="https://stocktwits.com/symbol/FNMA">Fannie Mae shares</a> were up nearly 10% in Monday’s opening trade. FNMA was among the top trending tickers on Stocktwits at the time of writing.<h2 class="st-heading-2">Why Is Mizuho Bullish On Fannie Mae?</h2>Analysts at Mizuho called Fannie Mae and Freddie Mac the backbone of the U.S. secondary residential mortgage market, which is worth $14.3 trillion.The firm stated that Fannie Mae’s guarantee business is a high-quality, fee-based model with broad geographic exposure and implicit government support. Mizuho also called Fannie Mae’s core guarantee franchise as being “amongst the best businesses one could hope for.”Mizuho assigns a 30% probability that Fannie Mae exits government conservatorship by 2028 and a 20% probability for Freddie Mac, both slightly above market-implied expectations.<h2 class="st-heading-2">Others Are Not As Optimistic</h2>Wedbush analyst Michael Piccolo downgraded Fannie Mae to ‘Neutral’ from ‘Outperform’ with an unchanged $8 price target.Piccolo stated that Fannie Mae’s first-quarter (Q1) results came in slightly below expectations, though expense control stood out. He also noted that momentum toward an IPO or recapitalization has likely stalled until after the midterms, even as the company continues to improve efficiency and build capital.Fannie Mae reported its first-quarter (Q1) earnings last week, with revenue of $7.3 billion compared to an expected $7.25 billion, according to Fiscal.ai data.According to Koyfin data, the average 12-month price target for FNMA is $12.5, implying an upside potential of nearly 42% from current levels. Of the five analysts covering the stock, two have a ‘Buy’ rating, two recommend ‘Hold’, while one analyst has a ‘Strong Sell’ suggestion.<h2 class="st-heading-2">How Did Retail Traders React?</h2>Retail sentiment on Stocktwits around&nbsp;<a href="https://stocktwits.com/symbol/FNMA">Fannie Mae</a> trended in the ‘extremely bullish’ territory, with message volumes at ‘high’ levels at the time of writing.One bullish user called the surge in Fannie Mae shares a policy-sensitive churn.<stembedurl>https://stocktwits.com/PetraLamontagne987/message/652183451</stembedurl>Another user cautioned that the FNMA stock is highly dependent on regulatory policy.<stembedurl>https://stocktwits.com/GordonRamen/message/652167230</stembedurl><a href="https://stocktwits.com/symbol/FNMA">FNMA stock</a> is down 17% year-to-date, but up 41% over the past 12 months. The Clough Select Equity ETF (CBSE) is up 53% over the past 12 months.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/ouster-new-lidar-sensor-human-like-vision-big-names-already-lining-up/cZQMtKdReJJ">Ouster’s New Lidar Promises Human-Like Vision — And Big Names Are Already Lining Up</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

In this photo illustration, a Fannie Mae logo is displayed on the screen of a smartphone. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)

Mizuho Believes Fannie Mae Is Among The Best Businesses One Could Hope For — But Not Everyone Agrees

According to TheFly, Mizuho has a price target of $10 on Fannie Mae, with an ‘Outperform’ rating, implying an upside of more than 12% from current levels.

Equity

<ul class="summary-bullets"><li>The president also said that discussions with Iran were ongoing and that they could result in something “very positive.”&nbsp;</li><li>Dow Jones futures gained 0.03% overnight, the S&amp;P 500 futures were up 0.06%, and Nasdaq 100 futures edged 0.10% higher.&nbsp;</li><li>Meanwhile, Iran had said earlier in the day that it was assessing Washington’s response to its latest proposal to end the war.</li></ul>U.S. stock futures climbed higher in Sunday’s overnight trading session as sentiment around the war in the Middle East heading to a resolution improved after U.S. President Donald Trump announced the possibility of shipping resuming through the Strait of Hormuz.Dow Jones futures gained 0.03% overnight, while the S&amp;P 500 futures were up 0.06% and Nasdaq 100 futures edged 0.10% higher as of 8.47 p.m ET. &nbsp;Among ETFs tracking benchmark indexes, the <a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), <a href="https://stocktwits.com/symbol/qqq">Invesco QQQ Trust</a> (QQQ), and the <a href="https://stocktwits.com/symbol/dia">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) all rose in after-hours trading. Meanwhile, retail sentiment on Stocktwits for SPY and QQQ was in the ‘extremely bullish’ territory, while that of DIA was in the ‘bullish’ territory at the time of writing.<h2 class="st-heading-2">How Did US Markets Fare?</h2>On Thursday, the S&amp;P 500 and Nasdaq Composite closed 0.29% and 0.89% higher, respectively. Meanwhile, the Dow Jones Industrial Average lost more than 152 points to close down 0.31%.<div><figure class="table"><table class="ck-table-resized"><colgroup><col><col><col></colgroup><tbody><tr><td>Index</td><td>Move</td><td>Close</td></tr><tr><td>Dow Jones Industrial Average</td><td>(0.31%)</td><td>49,499.27</td></tr><tr><td>S&amp;P 500</td><td>0.29%</td><td>7,230.12</td></tr><tr><td>Nasdaq Composite</td><td>0.89%</td><td>25,114.44</td></tr></tbody></table></figure></div><h2 class="st-heading-2">US Market Drivers</h2>U.S. stock markets surged to new records on the first trading day of May, with the S&amp;P 500 and Nasdaq Composite touching intraday highs, bolstered by strong earnings from technology big-wigs, sustained demand for artificial intelligence, and easing geopolitical tensions.Meanwhile, over the weekend, signs of easing tensions in the Strait of Hormuz and optimism over the war in Iran eased tensions, sending stock futures higher. Trump said in a <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://truthsocial.com/@realDonaldTrump/posts/116512555123589170">post</a> on Truth Social that the U.S. would help “free” some of the ships stranded in the strait.“For the good of Iran, the Middle East, and the United States, we have told these Countries that we will guide their Ships safely out of these restricted Waterways, so that they can freely and ably get on with their business. Again, these are Ships from areas of the World that are not in any way involved with that which is currently taking place in the Middle East. I have told my Representatives to inform them that we will use best efforts to get their Ships and Crews safely out of the Strait. In all cases, they said they will not be returning until the area becomes safe for navigation, and everything else,” Trump said in the post.Dubbed “Project Freedom,” Trump said the efforts would begin on Monday. The president also added that discussions with Iran were ongoing and that they could result in something “very positive.”Jim Bianco, President and Macro Strategist at Bianco Research, said in a <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/biancoresearch/status/2051045608363106759">post</a> on X that the “big news” from Trump signaled that the U.S. was no longer "stuck" since the circumstances had changed. “It now seems they (circumstances) are about to change tomorrow!” he said, indicating that the U.S. now had more control over the strait.Meanwhile, Iran had said earlier in the day that it was assessing Washington’s response to its latest proposal to end the war.<h2 class="st-heading-2">Trending Stocks To Watch</h2>GameStop Corp. (GME): Shares of the gaming company were up nearly 8% in extended trading hours over reports that CEO Ryan Cohen was <a href="https://stocktwits.com/news-articles/markets/equity/gme-stock-ebay-deal-etsy-alternative-retail-traders/cZQAAUBRe7W">considering a pivot</a> to retail and investment, even as talks of a $56 billion takeover of eBay Inc. (EBAY) surfaced.eBay Inc. (EBAY): The e-commerce giant was up more than 13% overnight over its alleged takeover talks in a $125 a share in cash-and-stock deal. The acquisition is intended to position eBay as a bigger competitor to Amazon.com, as per the latest reports.SoundHound AI Inc. (SOUN): The company’s shares were up nearly 5% in after-market hours as optimism around its upcoming earnings drove prices higher. According to Fiscal.ai, Wall Street expects SoundHound AI to post a 40% increase in quarterly revenue, and a loss of $0.01 per share during the first quarter (Q1).Federal National Mortgage Association (FNMA): Fannie Mae garnered attention after Wedbush analyst Michael Piccolo downgraded the company to ‘Neutral’ from ‘Outperform,’ citing the company's Q1 results that came in below expectations.<h2 class="st-heading-2">Broader Market Trends</h2>Oil futures were marginally lower in Sunday’s overnight session as the conflict in the Middle East showed signs of abating. Brent crude futures expiring in July were down about 0.07%, trading at around $108.09 a barrel, while WTI crude futures expiring in June were down 0.21% to $101.73 a barrel at the time of writing.Treasury yields on the benchmark 10-year were at 4.372%, while gold traded around $4,608.47 an ounce.Asian markets opened higher on Monday, with the KOSPI, Nikkei 225 and SSE Composite indexes all in green. Australian stocks, however, were down at the open.For updates and corrections, email newsroom[at]stocktwits[dot]com.

The Wall Street bull stands in the financial district near the New York Stock Exchange (NYSE) on November 18, 2025 in New York City. (Photo by Spencer Platt/Getty Images)

Dow, S&P 500, Nasdaq Futures Climb On Trump’s ‘Positive’ Sentiment Around Iran War: GME, EBAY, SOUN, FNMA In Focus

On Sunday, President Donald Trump said in a post on Truth Social that the U.S. would help “free” some of the ships stranded in the Strait of Hormuz.

<ul class="summary-bullets"><li>Moody's assigned a Ba2 provisional rating to a $100 million Bitcoin-backed bond issued by a New Hampshire state agency.</li><li>The structure has strict protections, such as a 1.60 times collateral buffer and a 1.40 times liquidation trigger.&nbsp;</li><li>This comes on the heels of Coinbase, Better, and Fannie Mae expanding their Bitcoin-backed lending products.</li></ul>Bitcoin is making deeper inroads into traditional U.S. finance, and now, even state-linked borrowing.&nbsp;Moody's Ratings assigned a Ba2 provisional rating to a $100 million Bitcoin-backed (BTC) bond issuance linked to a New Hampshire state agency.&nbsp;The Business Finance Authority of the State of New Hampshire issued the bonds as part of the Waverose Finance Project. They are fully backed by Bitcoin. Unlike regular municipal bonds, investors will only get their money back from the sale of Bitcoin linked to the deal, not from taxes or government money.&nbsp;<h2 class="st-heading-2">How The Structure Works</h2>The deal is split into two tranches, Series A-1 and Series A-2. Both have a Ba2 rating and will mature in 2029. The total amount will be $100 million, but the exact amount for each tranche is still being decided.The deal is notable because it is one of the first structured finance products linked to the state and backed by Bitcoin. The proceeds from the bonds will be used to buy Bitcoin, which will then serve as collateral for the loan.&nbsp;<h2 class="st-heading-2">Built-in Safeguards Against Volatility</h2>The issuance includes built-in protections to address Bitcoin's well-known price swings. The deal requires the value of the Bitcoin collateral to remain well above the amount borrowed, with a 1.60x collateral buffer. If that level drops to 1.40 times, the structure automatically sells Bitcoin to pay back investors. Interest payments will also be funded through periodic liquidation of Bitcoin, with no scheduled amortization of principal until maturity.&nbsp;<h2 class="st-heading-2">Investors Get Bitcoin Upside, But Only After Repayment</h2>Moreover, the Series A-2 bonds have a special feature: investors can receive 15% of any increase in Bitcoin's price, but only after all principal, interest, and costs have been paid.This is especially relevant as Bitcoin’s year-to-date performance has been negative, down over 21%.&nbsp;<a href="https://stocktwits.com/coins/bitcoin">Bitcoin’s price</a> was at $68,520, up over 3% in the last 24 hours. On Stocktwits, retail sentiment around BTC improved to ‘bearish’ from ‘extremely bearish’ territory, while chatter levels remained ‘low’ over the past day.&nbsp;<figure class="image"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_04_01_at_7_33_03_AM_png_0085283f3b.webp" alt="Screenshot 2026-04-01 at 7.33.03 AM.png" width="942" height="104"><figcaption>BTC retail sentiment and message volume on April 1 as of 7:33 a.m. ET | Source: Stocktwits</figcaption></figure>Meanwhile,&nbsp;<a href="https://stocktwits.com/symbol/MCO">Moody’s stock</a> was&nbsp;marginally higher&nbsp;in pre-market trading on Wednesday. On Stocktwits, retail sentiment around MCO shifted from ‘bearish’ to ‘neutral’ over the past day. Chatter around it remained at ‘high’ levels.&nbsp;&nbsp;The issuance comes at a time when crypto is becoming more popular in mainstream finance. Last week, Fannie Mae, the government-backed foundation of the U.S. mortgage market, partnered with Better Home &amp; Finance (BETR) and Coinbase (COIN)&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/fannie-mae-crypto-backed-home-loans-with-coinbase-better-home/cZ3rwFvRIjU">to launch</a> a program that allows people to use crypto as collateral. With it, homeowners can use either Bitcoin or stablecoin USDC (USDC) as collateral for a mortgage.Read also: <a href="https://stocktwits.com/news-articles/markets/equity/iren-bmnr-hut-cifr-btdr-rise-with-bitcoin-back-near-70-k-analysts-flag-key-support-levels/cZ7HiNGRInj">IREN, BMNR, HUT, CIFR, BTDR Rise With Bitcoin Back Near $70K – Analysts Flag Key Support Levels</a>For updates and corrections, email newsroom[at]stocktwits[dot]com

In this photo illustration, the Moody's logo is displayed on a smartphone screen in front of a stock chart showcasing Moody's financial performance on Feb. 10, 2025, in China. (Photo illustration by Cheng Xin/Getty Images)

$100M Bitcoin-Backed Bond Gets Ba2 Rating As Crypto Moves Into Public Finance

Moody’s structure offers Bitcoin upside participation but relies entirely on collateral liquidation, not taxpayer backing.

This Bond Pays You In Bitcoin Upside – And Moody’s Just Rated It Ba2

Moody’s structure offers Bitcoin upside participation but relies entirely on collateral liquidation, not taxpayer backing.


<ul class="summary-bullets"><li>FNMA and FMCC gained sharply on Monday, following comments from Bill Ackman and Michael Burry.</li><li>Burry said he believes the rally will cool off soon.</li><li>Stocktwits sentiment for both stock flips to ‘extremely bullish.’</li></ul>Fannie Mae and Freddie Mac are generating significant buzz on Stocktwits following their sharp gains on Monday, although noted investor Michael Burry – who, along with a prominent billionaire hedge fund manager, is believed to have helped spark the rally – warns the stocks could cool off soon.Pershing Square founder Bill Ackman called the mortgage-giant duo “<a href="https://stocktwits.com/news-articles/markets/equity/fnma-fmcc-could-be-a-10x-trade-big-short-investor-michael-burry-agrees-with-bill-ackman-s-thesis/cZER0xbRIZ0">stupidly cheap</a>,” saying, “they could be a 10X and it could happen soon.” Burry echoed the sentiment, replying that he “cannot emphasize enough how rare this is in this market,” helping trigger a 51% and 47% surge in OTC-traded Fannie Mae and Freddie Mac shares, respectively.“I’m shocked it is up this much, and would not be surprised to see it pull back meaningfully this week unless there is real news,” Burry said in the&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://substack.com/chat/6819723/post/604a760b-af9e-4429-b7f4-3a96a69574f7?utm_source=share">AMA section</a> of his Substack post-trading hours, contending that Ackman’s remarks and FOMO-driven trading were behind the surge.“I am sorry if I had anything to do with this pump. I was looking to buy more today too. Will be funny if I go down in history as the bear who crashed these stocks,” he said.Fannie Mae and Freddie Mac have been in focus amid President Donald Trump’s push to support the U.S. housing market, which continues to grapple with a structural shortage of homes, elevated mortgage rates, and high construction costs. At his direction, the two firms have&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2026-03-30/trump-says-iran-gave-the-us-most-of-its-demands-in-peace-plan">stepped up purchases</a> of housing loans to help ease borrowing costs, and could also be exploring a potential public listing.<h2 class="st-heading-2">Retail’s View On FNMA, FMCC</h2>On Stocktwits, the retail sentiment for&nbsp;<a href="https://stocktwits.com/symbol/FNMA">FNMA</a> flipped to ‘extremely bullish’ from ‘bearish,’ while the sentiment for&nbsp;<a href="https://stocktwits.com/symbol/FMCC">FMCC</a> shifted to ‘extremely bullish’ from ‘neutral.’ Both were seeing ‘extremely high’ message volume as traders.“Two big fish making a splash. Name another investment opportunity where the companies are some of the most profitable and the biggest investors are on the side of retail,”&nbsp;<a href="https://stocktwits.com/WingsJr/message/648929287">remarked</a> a user.Fueling speculation, another user&nbsp;<a href="https://stocktwits.com/actinreactine/message/648997049">wrote</a>: “Ackman and Burry tweet about Fannie and Freddie all the time, but there's never been a move like this. This is the admin buying on insider knowledge, something coming.”<h2 class="st-heading-2">Burry Loads Up Shares</h2>On Monday, Burry also highlighted his view that Fannie Mae and Freddie Mac could perform better if government control over them is eased. The two were placed into conservatorship after suffering heavy losses during the 2008 mortgage crisis.Burry has been eying the two companies for some time. He previously&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://michaeljburry.substack.com/p/the-toxic-twins-recurrence-fannie">revealed</a> that he had been buying both stocks on the way down, first when they fell to the $6-$7 range and again when they dropped into the $4s.&nbsp;But he tempered his near-term expectations. "I believe the IPO is now a 2027 proposition at best," he wrote earlier. "The Iran War seals it after the lukewarm reception on Wall Street. Higher rates may transmit to the mortgage market and impact an already shaky housing market."Despite Monday’s surge, FNMA and FMCC stocks are down 32% and 37%, respectively, year to date.For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/michael-burry-sees-deadly-case-of-indigestion-spreading-from-big-tech-to-broader-market-as-mag-7-etf-heads-for-worst-quarter-ever/cZEPFcdRINU">Michael Burry Sees 'Deadly Case Of Indigestion' Spreading From Big Tech To Broader Market As Mag 7 ETF Heads For Worst Quarter Ever</a>&nbsp;

Money, pile coin with saving book and paper home. Fannie Mae and Freddie Mac rose sharply on Monday. (Picture source: Getty Images)

Michael Burry Expects FNMA, FMCC To ‘Settle Back’ After Bill Ackman Sparked 50% Surge In ‘FOMO’ Trades

The mortgage-giant duo is back in the spotlight as President Donald Trump pushes to address the housing crisis, amid growing speculation about potential IPOs.

A series of news pertaining to the housing market has had sectoral investors scrambling. (Image source: Getty Images))

FNMA, FMCC Could Be A 10x Trade? 'Big Short' Investor Michael Burry Agrees With Bill Ackman's Thesis

Meanwhile, Burry argued that America doesn't have a housing shortage so much as a misallocation problem and batted for loosening of government control over the mortgage giants.

Bill Ackman Calls Fannie Mae, Freddie Mac 'Stupidly Cheap' Amid Iran War — Michael Burry Agrees

<ul class="summary-bullets"><li>Peter Schiff criticized crypto-backed mortgages, arguing they increase costs and risk by effectively forcing borrowers to take on two loans and finance 100% of a home’s value.</li><li>The new product, backed by Fannie Mae and offered via Coinbase and Better, allows borrowers to use BTC or USDC as collateral, while supporters say it preserves crypto exposure and avoids capital gains taxes.</li><li>Retail sentiment around Coinbase turned to ‘neutral’ zone on Stocktwits, with ‘high’ chatter levels, reflecting mixed reactions as the debate over crypto-backed mortgages intensifies.</li></ul>Peter Schiff, an economist and Bitcoin critic (BTC), has spoken out against the new idea of crypto-backed mortgages, saying that it could make mortgages more expensive and risky for buyers.Schiff wrote several times&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/PeterSchiff/status/2037955279065612659?s=20">on X</a> that people who use Bitcoin or stablecoins like USDC as collateral are really taking on two loans: a regular mortgage and a separate crypto-backed loan. He says this structure means buyers are "financing 100% of the cost of the home" rather than making a typical down payment.<figure class="image"><a class="st-link-external" href="https://x.com/PeterSchiff/status/2037955279065612659?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_03_29_at_11_00_07_AM_png_b88ea48367.webp" alt="Screenshot 2026-03-29 at 11.00.07 AM.png" width="451" height="158"></a><figcaption>Peter Schiff on Bitcoin-backed notes. Source: @<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/PeterSchiff">PeterSchiff</a>/x</figcaption></figure>Schiff also&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/PeterSchiff/status/2037967122882572570">questioned</a> the product's logic, asking why borrowers would put USDC up as collateral when they could just sell it and make a down payment with no interest. He also said that taking out a crypto-backed loan on top of a mortgage increases the likelihood of default, since the borrower has to pay both debts at the same time.<figure class="image"><a class="st-link-external" href="https://x.com/PeterSchiff/status/2037967122882572570" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_03_29_at_11_02_34_AM_png_a546b815b9.webp" alt="Screenshot 2026-03-29 at 11.02.34 AM.png" width="451" height="153"></a><figcaption>Peter Schiff on Bitcoin-backed notes. Source: @<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/PeterSchiff">PeterSchiff</a>/x</figcaption></figure>His criticism follows Fannie Mae's (FNMA) approval of its first cryptocurrency-collateralized loans on March 26. Fannie Mae backs approximately $4.3 trillion in mortgages. By pledging cryptocurrencies like Bitcoin (BTC) or stablecoins like USDC, borrowers can obtain a separate down payment loan through the product, which was introduced by Better Home &amp; Finance (BETR) in collaboration with Coinbase (COIN).&nbsp;These loans have fixed terms and no margin calls as long as borrowers make their payments on time. They are usually overcollateralized, with ratios of about 250% for Bitcoin and 125% for USDC.<h2 class="st-heading-2">Users Support Crypto-Backed Mortgage Loans</h2>Supporters <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/himanshu__sriv/status/2037962620834365571?s=20">say</a> the model lets borrowers keep their exposure to assets like Bitcoin while getting cash, so they don't have to sell and pay capital gains taxes. Some supporters also believe that crypto-backed loans are faster and more flexible than traditional loans, a product that has a useful link between digital assets and real-world financing. However, critics like Schiff contend that the added leverage and complexity may outweigh the benefits, particularly in volatile market conditions.<h2 class="st-heading-2">How Stocktwits Users Are Reacting?</h2>Coinbase stock was trading down by 0.2% in after hours trading. On Stocktwits, retail sentiment regarding COIN improved to ‘neutral’ from the ‘bearish’ zone, while chatter remained at ‘high’ levels over the past day.However, significant bearish positioning in the options market was noted by some users, who highlighted $161 as a crucial support and pointed to significant put activity around the $47.78 million level, indicating downside risk if that level breaks.&nbsp;<stembedurl>https://www.stocktwits.com/OnlyFibs/message/648862119</stembedurl><stembedurl>https://www.stocktwits.com/BoilingPoint/message/648845228</stembedurl>Others, on the other hand, continued to be optimistic, pointing to recent events and stating their belief that Coinbase and the larger cryptocurrency market could experience significant growth. Some even predicted that prices would soon double. Read also: <a href="https://stocktwits.com/news-articles/markets/cryptocurrency/kalshi-faces-legal-heat-as-attorney-general-says-prediction-markets-break-washington-gambling-laws/cZ3CS0SRIZc">Kalshi Faces Legal Heat As Attorney General Says Prediction Markets Break Washington's Gambling Laws</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Peter Schiff speaks onstage during 'How a “Digital Gold” System Should Really Work' at The Queen Elizabeth II Conference Centre on June 02, 2023 in London, England. (Photo by Eamonn M. McCormack/Getty Images for London Blockchain Conference )

Peter Schiff Slams Bitcoin-Backed Mortgages As Coinbase, Better Roll Out New Product

Supporters argue crypto-backed mortgages allow borrowers to access liquidity while retaining Bitcoin exposure and avoiding capital gains taxes.

Fannie Mae (FNMA) is reportedly teaming up with Coinbase (COIN) and Better Home &amp; Finance (BETR) to launch a new product that will allow homeowners to use their crypto holdings as collateral to secure a Fannie-backed home loan.<a href="https://stocktwits.com/symbol/BETR/">BETR’s stock</a> jumped as much as 5.6% in pre-market trade despite weakness in the broader market. Retail sentiment on Stocktwits, around the lender, remained in ‘bearish’ territory over the past day. Chatter rose to ‘low’ from ‘extremely low’ levels.&nbsp;According to a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.wsj.com/real-estate/fannie-mae-to-accept-crypto-backed-mortgages-for-the-first-time-bfa502c7">report</a> by The Wall Street Journal, homeowners can pledge either Bitcoin (BTC) or stablecoin USDC (USDC) in order to get a mortgage, but the overall cost may be higher than taking the traditional route.<h2 class="st-heading-2">How To Get A Crypto-Backed Home Loan?</h2>The report said a person looking to purchase a house would first have to get a 15 or 30-year Fannie Mae-backed mortgage from Better. Instead of using cash for down payments, they can now take out a separate loan in USDC or Bitcoin. It added that the combined interest rate on both loans would like increase the overall cost of homeownership by around 1.5 percentage points as compared to a normal mortgage.Homeowners will reportedly not be able to trade the cryptocurrency assets they have pledged either, which would be detrimental if the price of Bitcoin were to rise but beneficial if it tumbled.&nbsp;<a href="https://stocktwits.com/symbol/FNMA/">FNMA’s stock</a> edged 0.3% higher in pre-market trade despite weakness in the broader market. Retail sentiment around the stock dipped to ‘neutral’ from ‘bullish’ territory over the past day, accompanied by chatter at ‘high’ levels. Meanwhile,&nbsp;<a href="https://stocktwits.com/symbol/COIN">shares of Coinbase</a> fell 2.25% in early morning trade.Get updates to this developing story directly on Stocktwits.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/nvidia-hit-with-certified-class-action-1-billion-crypto-revenue-cover-up/cZ3ruhORIjs">Nvidia, CEO Jensen Huang Face Certified Class Action Lawsuit Over Alleged $1B Crypto Revenue Misstatements</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

The Federal National Mortgage Association, commonly known as Fannie Mae, office building is seen at dusk on June 7, 2025, in Reston, VA. (Photo by J. David Ake/Getty Images)

Fannie Mae Is Reportedly Exploring Crypto-Backed Home Loans With Coinbase, Better Home

Instead of using cash to make the down payment on a mortgage, home buyers can get a separate loan that uses Bitcoin or the stablecoin USDC as collateral.

BETR Stock Jumps Pre-Market After Fannie Mae Reportedly Teams Up With Coinbase For Crypto-Backed Home Loans

Cryptocurrency

Instead of using cash to make the down payment on a mortgage, home buyers can get a separate loan that uses Bitcoin or the stablecoin USDC as collateral.


Why "Golden Handcuffs" are a Gift to Homebuilders in 2026

As high mortgage rates keep existing homes off the market, a perfect storm of restricted supply and federal incentives is positioning homebuilders for an unlikely breakout year in 2026. 

Fannie Mae (FNMA) Lags Q4 Earnings and Revenue Estimates

Fannie Mae (FNMA) delivered earnings and revenue surprises of -11.77% and -0.05%, respectively, for the quarter ended December 2025. Do the numbers hold clues to what lies ahead for the stock?

<ul class="summary-bullets"><li>The hedge fund manager said if the two enterprises launch an IPO in the fourth quarter of 2026, they would collectively have to raise about $30 billion to meet the 2.5% capital ratio requirement for GSEs.</li><li>He termed this a “highly achievable outcome,” noting that he estimates each company's value at about $34 per share when they launch an IPO in 2026.</li><li>Fannie Mae and Freddie Mac were placed into conservatorship in 2008 after mounting losses from the subprime mortgage crisis eroded their capital and threatened their solvency, prompting the U.S. government to step in to stabilize the housing finance system.</li></ul>Billionaire hedge fund manager Bill Ackman on Wednesday said that his $300 billion plan to remove Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corp.) from conservatorship remains his best idea for 2026.“This was a good one,” Ackman said in a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/BillAckman/status/2006134656203178145">post</a> on X, recalling his idea from a year ago.<figure class="image"><img style="aspect-ratio:730/387;" src="https://news.stocktwits-cdn.com/Ackman_post_jpg_aa22d7b0a8.webp" alt="Bill Ackman's post on X" width="730" height="387"><figcaption>Bill Ackman's post on X | @BillAckman/X</figcaption></figure>Ackman had earlier said that the emergence of Fannie Mae and Freddie Mac from conservatorship would generate “more than $300 billion” in additional profit to the Federal government, on top of the $301 billion cash distributions made to the U.S. Treasury.“Trump likes big deals and this would be the biggest deal in history. I am confident he will get it done,” Ackman added.Retail sentiment regarding&nbsp;<a href="https://stocktwits.com/symbol/FNMA">Fannie Mae</a> trended in the ‘bearish’ territory on Stocktwits, while users were ‘neutral’ about&nbsp;<a href="https://stocktwits.com/symbol/FMCKJ">Freddie Mac</a>.<h2 class="st-heading-2">Ackman’s Proposal</h2>The hedge fund manager said that, assuming the two government-sponsored enterprises (GSEs) launch an initial public offering (IPO) in the fourth quarter (Q4) of 2026, they would collectively need to raise about $30 billion to meet the GSEs' 2.5% capital ratio requirement.He termed this a “highly achievable outcome,” noting that he estimates each company's value at about $34 per share when they launch an IPO in 2026.“We calculate a profit to the gov’t of ~$300 billion assuming full exercise of its warrants and a sell down of common stock in both companies over the five years following the IPOs,” he added.<h2 class="st-heading-2">Fannie Mae, Freddie Mac Conservatorship</h2>Fannie Mae and Freddie Mac were placed into conservatorship in 2008 after mounting losses from the subprime mortgage crisis eroded their capital and threatened their solvency, prompting the U.S. government to step in to stabilize the housing finance system.Following this, the Federal Housing Finance Agency placed the two firms under conservatorship. In this arrangement, each enterprise’s management worked under the FHFA’s direction to reduce losses and develop a strategy to return to self-management.In August, The Wall Street Journal reported that the Trump administration is planning to sell stock in the two companies this year, with the combined value of the two firms at nearly $500 billion.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/why-is-inbs-stock-rising-today/cL7BB78REzv">Why Is INBS Stock Rising Today?</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Bill Ackman speaks at a Pershing Square Foundation event on June 17, 2024 in New York City. (Photo by Jared Siskin/Patrick McMullan via Getty Images)

Bill Ackman Says His $300 Billion Fannie Mae, Freddie Mac Plan Remains The Best Idea For 2026

Ackman had earlier said that the emergence of Fannie Mae and Freddie Mac from conservatorship would generate “more than $300 billion” in additional profit to the Federal government.

Federal National Mortgage Association is a government-sponsored company, which engages in the provision of liquidity for purchases of homes and financing of multifamily rental housing and refinancing existing mortgages. It operates through the Single-Family and Multifamily segments. The Single-Family segment offers liquidity to the mortgage market and increases the availability and affordability of housing for single families. The Multifamily segment includes guaranty fees on mortgages and on multifamily mortgage loans. The company was founded in 1938 and is headquartered in Washington, DC.

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FNMAFederal National Mortgage Association