Crypto stocks, fintechs post biggest weekly swings: financials roundup

Financial stocks largely rose with the broader equity market this week as earnings season cooled down, with the Financial Select Sector SPDR ETF (XLF) advancing 1.2% and the S&P 500 Index gaining 1%.

TeraWulf (WULF) rose the most of any financial stock for the week ended Aug. 15, 2025, surging 78% after Google (GOOG) (GOOGL) revealed it's taking an 8% stake in the crypto miner;

Fellow bitcoin (BTC-USD) miner Hut 8 (HUT) climbed 20% as the price of bitcoin briefly touched new all-time highs during the week;

UNM Holdings (UWMC) accelerated 17%;

Insurance company Lemonade (LMND) gapped up 17%; and

BitMine Immersion Technologies (BMNR), an ether (ETH-USD) treasury company, rounded out the five biggest winners with the 12% rise.

On the negative side, retail trading platform eToro (ETOR) tumbled 17% even after posting strong Q2 results;

Upstart Holdings (UPST), which during the week priced $600M in convertible debt, dipped 6.8%;

Circle Internet Group (CRCL) slid 6.1% after the stablecoin issuer posted stronger-than-expected Q2 revenue and priced a 10M-share public offering;

Galaxy Digital (GLXY) also retreated 6.1% after the crypto investment firm closed a $1.4B project financing facility to expand its Helios data center; and

Argentine lender Grupo Financiero Galicia (GGAL) drifted down 5.4%.