Crypto firms, Argentine banks record biggest swings: weekly financials wrap

Crypto-linked firms and Argentine banks were among some of the biggest financial movers in the past week, which featured a Federal Reserve meeting that saw the first interest-rate cut this year.

Figure Technology Solutions, the blockchain-based lender that went public earlier in September, surged 38%, even as crypto prices recorded modest weekly losses;

Bitcoin (BTC-USD) miner CleanSpark (CLSK) gapped up 32%;

Brighthouse Financial (BHF) jumped 18% after a report that a consortium led by insurer Aquarian Holdings is in advanced discussions to pay $65 to $70 a share for Brighthouse;

Insurance company Lemonade (LMND) climbed 16%; and 

Stablecoin issuer Circle Internet Group (CRCL), which during the week partnered with crypto platform Kraken, rounded out the five biggest financial winners (with market cap over $2B), gaining 15%.

On the losers, crypto exchange Gemini Space Station (GEMI), which debuted last week, took the lead, tumbling 25%;

Factset Research Systems (FDS) slid 20% after turning in fiscal Q4 earnings that missed the average analyst estimate, in addition to soft revenue guidance for fiscal 2026;

Argentine banks Grupo Financiero Galicia (GGAL) and Banco Macro (BMA) fell 12% and 10%, respectively; and

FS KKR Capital (FSK), which during the week priced a $400M notes offering, retreated 9.3%.