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CNBC
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Crypto startup Zerohash raises $104 million from Morgan Stanley, SoFi, Apollo and others

1. Zerohash raised $104 million, backed by Morgan Stanley and SoFi. 2. Zerohash provides crypto trading, stablecoins, and tokenization services. 3. Regulatory shifts under Trump favor cryptocurrency market growth. 4. SoFi CEO plans to resume crypto trading post-regulatory changes. 5. Future announcements from investors including SoFi are anticipated.

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FAQ

Why Bullish?

SoFi's investment in Zerohash signals confidence in the cryptocurrency sector. Historical performance shows that companies associated with booming tech trends generally see stock price increases.

How important is it?

Zerohash's raise and SoFi's involvement indicate strategic positioning in a growing market.

Why Long Term?

Increased cryptocurrency adoption can lead to significant revenue growth for SoFi over time, similar to how fintech markets evolved after the initial positive regulations.

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