Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Trader Peter Brandt said on X that a EUR/JPY short is now his firm’s largest futures and currency position. The pair has fallen from an April high near 187.5, yet euro rates sit at twice Japan’s.
EUR/JPY, the price of one euro in yen, sat at 175.65 in futures on Brandt’s chart. Still, the European Central Bank (ECB) pays 2.5% on deposits versus 1.25% at the Bank of Japan (BOJ).
Why Is the Yen Gaining Against a Higher-Yielding Euro?Washington has intervened directly. On July 31, the US Treasury sold euros for yen alongside Japan. The ECB learned of the trade only afterward, the Financial Times reported.
The action helped lift the yen to 157.57 per dollar from a 163.73 low, CNBC reported.
Meanwhile, Japan’s core inflation reached 2.1% in September. That tops the BOJ’s 2% target for the first time since December, Statistics Bureau data show.
Overnight swaps, which track rate expectations, imply an 80% chance of a December BOJ hike, the Japan Times reported. A hold is expected on October 30.
Likewise, the ECB lifted its deposit rate from 2.25% to 2.5% on September 10, its second hike this year. An energy shock tied to the Iran war has pushed eurozone inflation higher, Euronews reported. ECB President Christine Lagarde has said policymakers are not pre-committing to a rate path.
Can the EUR/JPY Short Survive 2 Central Bank Decisions?Brandt’s chart shows the pair moving sideways through early 2026 before it broke below a range floor near 180. It has traded under that level since late September, Investing.com data show.
His post offered no rationale beyond the chart. The ECB decides on October 29 and the BOJ a day later.
However, a BOJ hike would favor the short, while an ECB hike or a dovish BOJ hold could test it.
Finance Minister Satsuki Katayama has called an undervalued yen a problem. After the July action, Treasury Secretary Scott Bessent said Washington would not hesitate to join further intervention. That could tie the yen’s path to Washington and Tokyo as much as to the BOJ.
The Blockchain Association is urging Congress to overhaul crypto tax rules, including a $10 de minimis exemption and wash sale rules, as the CLARITY Act stalls in the Senate.
The Blockchain Association (@BlockchainAssn) is calling on Congress to fix unclear crypto tax rules while the CLARITY Act remains stalled. The industry group says existing rules are difficult to follow and need an overhaul.
According to The Block, the group, which represents more than 100 firms, sent a letter on Thursday to Senate Majority Leader John Thune, Senate Minority Leader Chuck Schumer, House Speaker Mike Johnson and House Minority Leader Hakeem Jeffries. It said current tax policy is outdated and unworkable.
What the Blockchain Association wantsThe group's proposals include tax exemptions for transactions involving $10 or less in network fees, stronger taxpayer privacy protections and extending wash sale rules to crypto. According to Bitcoin Magazine, the letter also asks for cash treatment for stablecoins, taxation of mining and staking rewards at sale rather than receipt, and broker reporting limited to firms that hold customer assets. It adds a safe harbor for foreign traders on U.S. exchanges, a mark-to-market election and R&D credit eligibility for blockchain development.
Lindsay Fraser, the group's chief policy officer, said in the letter that Americans using digital assets want to follow the law and pay what they owe, but that today's rules are often unclear and unworkable, per The Block. The letter says the rules governing the 67 million Americans who hold digital assets were written for a different era, Bitcoin Magazine reported.
The push is the group's first broad tax campaign since the CLARITY Act failed in the Senate last month. The letter does not endorse a specific bill.
Why the CLARITY Act matters hereThe CLARITY Act is a market structure bill, not a tax measure. DLA Piper noted that the Senate failed to advance it on September 15, 2026, nearly eliminating the chance that a market structure bill is enacted this year. Digital Today reported that the motion to end debate failed with 49 votes in favour and 50 against, and that Senator Thom Tillis filed a motion to reconsider, leaving procedural room to revive the effort.
On the tax side, the House has moved separately. The Digital Asset Tax Certainty Act passed the House Ways and Means Committee last month. Unchained reported that the bill would exclude crypto used to pay network or trading fees of $10 or less from gain or loss calculations, starting in 2028. The Block said the bill is not expected to be taken up again until after the November elections.
With Congress largely out until after the midterms, the timeline for any tax changes remains tight. The Blockchain Association has also launched a site, TaxClarityforAmerica.com, for constituents to contact their representatives, according to Bitcoin Magazine.
SourcesThe Block: Blockchain Association pushes for crypto tax clarity as broader bill stalls
Bitcoin Magazine: Blockchain Association Presses Congress On Crypto Taxes As Clarity Act Stalls
DLA Piper: Senate fails to advance the CLARITY Act
According to HTX market data, Bitcoin has broken through $84,000, with a 24-hour gain of 1.29%.
6 minutes ago
A critical security vulnerability has been discovered in PHP, leading to the mass takedown of government websites across multiple European countries.
Due to a critical security vulnerability in the widely used PHP programming language, multiple government websites across Europe and other regions were forced to go offline on Wednesday, with site operators taking urgent measures to secure their systems. The PHP development team announced on local time Tuesday that two critical security flaws had been discovered, urging users to update immediately once patches were released. On Wednesday, the team confirmed that the new PHP version fixing the vulnerabilities was officially launched. However, amid reports that hackers were exploiting the flaws to breach websites, government agencies in the Netherlands, Finland and other countries had preemptively shut down some sites before the patch’s release. PHP is one of the most widely used programming languages on the internet, powering platforms including WordPress, Drupal, Joomla and Magento. According to web technology statistics firm W3Techs, roughly 75% of websites with identifiable programming languages use PHP. Around 43% of global websites are powered by WordPress, covering blogs, small business sites, government portals, e-commerce platforms and news sites. The security incident has triggered large-scale outages of websites across multiple European nations. Temporary shutdowns have affected sites including the Port of Rotterdam in the Netherlands, Dutch government portal Overheid.nl, the Royal Dutch Football Association, websites of the country’s five major political parties, and several hospital sites.
6 minutes ago
Binance Wallet has launched PREDICT pre-market perpetual contracts, with up to 5x leverage available.
According to official announcements, Binance Wallet has launched the PREDICTUSDT pre-market perpetual contract, offering up to 5x leverage. Eligible users can use bStocks tokenized stocks as collateral. After enabling the multi-asset mode, tokenized stocks held in Binance Wallet can be converted into margin at up to 90% of their market value.
6 minutes ago
OpenAI: Cutting-Edge AI Model Discovers PHP Security Vulnerability Ahead of Attackers
OpenAI commented on PHP security vulnerabilities, stating that given their severity and PHP’s widespread adoption, the company considers this one of the most significant security vulnerabilities in recent years. OpenAI also said, “To our knowledge, advanced AI models discovered these vulnerabilities before attackers did.”
6 minutes ago
AI-generated code is being produced at a pace that outstrips testing capabilities: Blacksmith has raised $66 million in funding, hitting a $1 billion valuation.
Beating AI Insight News: AI code testing firm Blacksmith has closed a $66 million Series C funding round led by Sequoia Capital, valuing the startup at $1 billion. Founded in 2024, Blacksmith was valued at just $550 million when it completed its Series B round in March this year. Blacksmith specializes in testing code after it is generated by AI tools. Platforms like Claude Code and Codex can now produce large volumes of code rapidly, but this code cannot be deployed directly—it requires compilation and error testing. The faster code is generated, the more testing tasks are needed, leaving legacy systems unable to keep pace. Blacksmith provides dedicated servers to run these tests, cutting down long wait times for developers. The number of weekly code compilation and testing tasks Blacksmith handles has surged roughly 18-fold, rising from 5 million in January this year to over 90 million currently. Over the same period, the company’s annual recurring revenue (ARR) has grown 17 times, with more than 10,000 clients including LangChain and Granola. Blacksmith states its services double testing speed on average and reduce costs by 60%. Unlike traditional solutions that rely mainly on rented cloud servers, Blacksmith purchases its own servers and deploys them in data centers. Most of the funding from this round will go toward acquiring additional computing power, and the company plans to expand its computing capacity by at least five times by 2027.
6 minutes ago
Analysis: Since the second half of October, Bitcoin's returns have been primarily driven by the Asian trading session, while the European session has dragged down its overall performance.
Galaxy Research Head of Research Alex Thorn noted in a post that since the second half of October, Bitcoin’s returns have been primarily driven by the Asian trading session, while the European trading session has weighed on overall performance. The chart he shared shows that as of October 20, with October 1 as the starting point, Bitcoin’s cumulative return during the Asian trading session stood at 3.9%, versus 1.1% for the U.S. trading session and -5.5% for the European trading session. The buy-and-hold return for the same full period was -0.7%.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
When Founders Fund considered investing in Polymarket in 2025, it learned that the prediction-market startup’s young chief executive, Shayne Coplan, had been using company money to pay for private jet flights, his apartment rent and personal expenses. Polymarket wasn’t generating revenue at the time.
The revelation prompted Peter Thiel’s firm to insist, before it cut a check, that Coplan follow through on changes underway to clean up the company’s financial controls and repay the money, according to people familiar with the private negotiations.
Coplan reimbursed the money, securing an investment from Founders Fund that would value Polymarket at $1.2 billion. A spokesperson for Polymarket said the flights were for business purposes and that Coplan “proactively” disclosed the expenses to investors.
But behind the scenes, the incident laid bare the pressures that the 28-year-old founder has faced from investors to change the way he manages his fast-growing startup, which has helped popularize a new way to bet on everything from sports to elections.
Interviews with people familiar with Polymarket’s operations reveal a broader effort, extending beyond Coplan’s spending habits, to bring greater discipline to a business built around the founder’s youthful entrepreneurial instincts. Some of the changes investors have sought are already in place. But the effort to turn a founder-driven startup into a mature financial exchange has suffered a number of setbacks and continues to frustrate even some prominent backers.
Shayne Coplan — Photographer: Kent Nishimura/Bloomberg
Senior staff at Intercontinental Exchange Inc., the parent of the New York Stock Exchange and a major stakeholder in Polymarket, have privately described difficulties mentoring Coplan, according to people familiar with the conversations. Both ICE and Founders Fund have recommended that Coplan hire a chief operating officer, a step he has yet to take, some of the people said.
The pressure has come as Polymarket has fallen far behind rival Kalshi Inc. in trading activity. Once the top exchange in the booming prediction markets industry based on volume, Polymarket has struggled with technical outages, angry customers, lawsuits, political backlash and a new investigation by the Commodity Futures Trading Commission.
On the question of Coplan’s spending, a spokesperson for the company said that the CEO founded Polymarket “at 21 with no money during the pandemic, taking no salary for a long period and he was living in a bedroom in the office. When the business grew in 2024, he proactively accounted for every dollar, and made a good-faith repayment, which came out to less than a software engineer’s annual salary.”
Founders Fund declined to comment.
An ICE spokesperson declined to comment beyond pointing to an interview from August with the company’s CEO, Jeffrey Sprecher, in which he was asked about Polymarket and said: “We have a great relationship.”
Polymarket advertisements in a subway station in New York. — Photographer: Michael Nagle/Bloomberg
Coplan appears to have started listening to investors. In September, he hired his first chief financial officer, after Founders Fund and ICE required Coplan to bring on a head of finance as part of their 2025 investments, according to a person familiar with deals the companies signed.
The young CEO has also brought on a suite of new hires with corporate bona fides, including a former Federal Bureau of Investigation analyst who is overseeing investigations, and other executives from Goldman Sachs Group Inc., DoorDash Inc. and Robinhood Markets Inc.
Alex Spiro — Photographer: Eva Marie Uzcategui/Bloomberg
Elon Musk’s personal lawyer, Alex Spiro, has joined Polymarket’s board and is now helping with day-to-day operations, including hiring, people familiar with his involvement said.
Spiro sits on Polymarket’s four-person board with Coplan, a Founders Fund partner and Nick Tomaino, a cryptocurrency-focused investor, the people said.
Spiro’s law firm did not respond to a request for comment.
In a statement sent to Bloomberg, Coplan said: “There were real growing pains, and I personally had to grow and change into what the company needed. The only solution was hiring an excellent executive team, so I made it my number one goal for 2026.”
Lost Lead
Even with the changes, though, Polymarket is struggling to regain the market share it lost to Kalshi. The company belatedly launched a US platform this year, after previously operating a blockchain-based exchange that catered to international users. The new one has grown even as the older one has shrunk.
Behind the scenes, the company has tried to persuade regulators to allow it to combine its two platforms, which could lead to US customers trading with foreign ones that haven’t undergone the same rigorous know-your-customer vetting, according to people familiar with the matter. Coplan advanced the idea, but the CFTC hasn’t allowed it to move forward so far, the people said.
The National Futures Association, the derivatives industry’s self-regulatory organization, separately wrote to Polymarket and threatened to drop the company as a client because of its record keeping, people familiar with the situation said. The company fixed the problem and continues to work with the NFA, one of the people said.
The CFTC did not respond to a request for comment. A spokesperson for the NFA said Polymarket is a client but declined to further comment.
Now, Polymarket is raising a new round at a $21 billion valuation, led by 1789 Capital, where Donald Trump Jr. is a partner. That is more than double the $9 billion valuation it secured when ICE invested in 2025 — but still only half the value Kalshi is fetching in its current fundraising round.
Founders Fund is participating in Polymarket’s new fundraise, according to a person familiar with the situation.
Move Fast
While Coplan grew up in New York, and set up Polymarket’s headquarters in the city — in an airy loft space in Soho with abstract art on the walls — he** **has always fashioned himself as more of a Silicon Valley maverick.
Travis Kalanick — Photographer: David Paul Morris/Bloomberg
He has taken personal guidance from tech founders known for their disruptive strategies, especially Travis Kalanick, the ousted cofounder of Uber, but also Airbnb Inc.’s Brian Chesky, and Ethereum cofounder Vitalik Buterin, according to people familiar with the Polymarket CEO’s inner circle.
Chesky and Buterin declined to comment. Kalanick did not respond to a request for comment.
Polymarket previously landed in trouble with US authorities. In 2022, the CFTC fined the platform $1.4 million over allegations that it had illegally offered trades to US customers without proper registration. Shortly after the 2024 presidential election, the FBI raided Coplan’s apartment, as the Justice Department investigated whether Polymarket was accepting trades from US-based users.
President Donald Trump’s return to office looked as though it would help put many of these problems in the past. The Department of Justice closed its probe into Polymarket without charges, Bloomberg reported in 2025. But Polymarket is now facing the new, wide-ranging CFTC investigation, Bloomberg News reported earlier this year — after the Wall Street Journal published a report about the startup encouraging influencers to create misleading posts about fake trades.
“Shayne, I think, fits the classic startup, ‘fail fast, break things’ archetype of a founder,” said Chris Grove, a partner emeritus at Eilers & Krejcik Gaming, a research firm that focuses on the gambling, betting and prediction market industries.
Polymarket also struggled to launch its US exchange. It acquired CFTC-regulated QCEX to speed the process, only to discover that its software couldn’t handle Polymarket’s trading volumes, according to a person familiar with the acquisition. Developers had to build an exchange largely from scratch and have apologized for ongoing technical issues.
“Polymarket has to take it seriously that we are an exchange; this is people’s money, not a joke,” Josh Stevens, a vice president of engineering at the startup, wrote in August.
Coplan himself became a bottleneck in decision-making, particularly hiring, according to people familiar with the firm. His confidantes urged him to delegate more authority. In one instance, the company offered a senior manager a job, then rescinded it after Coplan objected, one of the people said.
Read More: Polymarket Loses Lead as Delays, Apologies and Blowback Mount
Shayne Coplan during a joint SEC-CFTC roundtable at SEC headquarters in Washington in 2025. — Photographer: Kent Nishimura/Bloomberg
Rush of Changes
Investors have taken steps to stabilize Coplan’s position. They pushed him to take the salary he now receives so that he does not need to turn to the company to cover expenses, people familiar with the discussions said.** **And Founders Fund structured its investment to ensure Coplan couldn’t be fired without his consent, according to one person familiar with the board’s structure.
“When I first met Shayne, he had just over $50k in the bank, was burning $25k a month, and the team worked out of his apartment,” said Haseeb Qureshi, managing partner at Dragonfly, a VC fund that invested in earlier Polymarket rounds. “It was so tight we offered to lend him money.”
Qureshi said that in 2025 Coplan “disclosed the back pay, an immaterial amount, and there was obviously zero bad intent. We invested in the round without blinking at this. He handled it appropriately.”
Polymarket has also restructured its marketing team, bringing on the founder of the e-scooter startup Bird and demoting Matthew Modabber, the chief marketing officer at the center of previous controversies, said a person familiar with the company’s operations.
Donald Trump Jr. — Photographer: Victor J. Blue/Bloomberg
During the rush of changes, Coplan has sought to build up relationships around Wall Street, hosting David Solomon, the CEO of Goldman Sachs, in Polymarket’s office, according to a person familiar with the meeting. Later Solomon recommended that Coplan hire Lisa Mantil, who joined as the prediction market’s head of institutional growth after a 27-year career at Goldman Sachs. Mantil has recently been in conversation with Cantor Fitzgerald & Co. about offering Polymarket contracts to Wall Street clients, two months after Kalshi announced a similar deal with Cantor, a person familiar said.
Goldman Sachs and Cantor declined to comment.
In an appearance at a crypto conference this month, Coplan acknowledged that he was still figuring out what it takes to run a more mature company.
“Obviously, I’m still learning,” he said. “I have a long way to go.”
French lawmakers have approved a proposal to tax cryptocurrency conversions into stablecoins at 31.4% from 2027, following a narrow parliamentary vote that still leaves the measure awaiting final legislative approval.
According to the official voting results of the National Assembly of France, the amendment (I-3898) was approved on October 16. Voting was 38 for the proposal, 37 against, 25 abstaining.
France’s Crypto Tax Proposal Targets Stablecoin Conversions
The approved amendment would allow investors to be liable for capital gains tax upon converting cryptocurrencies to qualifying stablecoins. If Parliament approves the budget, the changes will take effect on January 1, 2027.
These are the current French tax rules for investors who trade from one cryptocurrency to another without receiving or giving cash. However, the amendment would end this treatment for electronic money tokens covered by Europe’s MiCA regulation.
As a result, investors may be liable to taxes on qualifying gains without having to change their investments into euros or cash out. As earlier reports on France’s stablecoin tax proposal explained, the measure first advanced through the finance committee.
The amendment was voted on on October 16 and approved, not the entire budget for 2027. The proposal has to undergo additional parliamentary procedures before it can become law. The National Assembly must review the remaining budget provisions before the Senate examines them.
French Officials Question the Proposed Stablecoin Rules
During parliamentary discussions, Public Accounts Minister David Amiel raised concerns about enforcing the proposed taxation system. He asked lawmakers to set aside the revision until the authorities have set clearer definitions and tracking measures.
Finance committee rapporteur Philippe Juvin argued that the current tax deferral should not be eliminated due to the volatility of cryptocurrency prices. Industry representatives expressed concerns about possible changes in investor behavior if lawmakers adopt the measure.
Chainalysis executive François Volpoet cautioned investors to migrate to decentralized exchanges and offshore trading platforms. He expressed special concern about transactions not subject to international tax-reporting regimes.
Lawmakers Propose Changes to Crypto Gains Calculations
The amendment also would affect the ways French taxpayers would calculate cryptocurrency gains and losses, beyond stablecoin conversions.
The proposed method would compare an asset’s sale proceeds with its acquisition cost. For identical cryptocurrencies purchased at different prices, investors would use a weighted-average acquisition cost.
Separately, lawmakers have discussed reporting requirements for big self-custody wallets. The proposed legislation applies to property values over EUR 100,000, and carries fines of up to EUR 10,000. The National Assembly must review the remaining budget provisions before the Senate examines them.
Amazon stock rises 0.36% to $263.39 as holiday hiring jumps 20% to 300,000 workers
Amazon plans to hire over 300,000 seasonal workers as retail hiring slows nationwide
Amazon boosts employee pay with $1.5 billion in raises ahead of the holiday season
Amazon expands healthcare benefits for seasonal workers starting January 2027
AMZN stock rebounds above $263 as Amazon ramps up hiring for the holiday rush
Amazon plans to hire over 300,000 U.S. holiday workers, up 20% from last year. Meanwhile, Amazon (AMZN) stock gained 0.36% to $263.39, rising $0.94 amid volatility. The hiring plan contrasts with forecasts of weaker holiday recruitment across the wider U.S. retail industry.
Amazon.com, Inc., AMZN
Amazon Expands U.S. Holiday Hiring
Amazon will recruit employees across its U.S. core operations network for the upcoming holiday shopping season. The increase represents roughly 50,000 more seasonal positions than last year. Furthermore, Amazon will publish additional vacancies each week through December to fill positions.
The company’s operations network handles customer orders, warehouse processing, shipments, and deliveries nationwide. Seasonal employees will support these activities during the busy holiday rush. Amazon’s recruitment plan therefore covers the workforce supporting its fulfillment and distribution operations.
However, the broader retail employment outlook differs sharply from Amazon’s planned expansion this season. Challenger, Gray & Christmas projects fewer than 450,000 holiday hires nationwide. Its forecast points to seasonal retail hiring levels not seen since 2008, underscoring the difference.
Amazon Raises Pay and Expands Worker Benefits
Amazon offers average starting wages of about $20 hourly for seasonal workers in operations. Meanwhile, full-time core operations employees receive average hourly wages approaching $24. Amazon has also committed over $1.5 billion to wage increases for U.S. operations staff.
Including benefits, the company places average total compensation for full-time staff above $32 per hour. Amazon will expand healthcare coverage to eligible seasonal employees beginning January 1, 2027. Workers averaging at least 30 hours weekly can access healthcare plans starting at $5 per week.
Amazon also provides uncapped employee discounts for purchases from Amazon.com and Whole Foods Market. Alongside these benefits, Amazon plans to introduce greater access to low-cost credit union services for employees. The financial services rollout will extend into 2027 alongside other employment benefits.
AMZN Stock Gains During Volatile Trading
Amazon shares dipped below $261 early before renewed buying activity pushed the price higher. The stock briefly exceeded $264 before settling near $263.39, maintaining a gain of 0.36%. That movement placed AMZN above its previous price despite significant swings during trading.
The hiring initiative follows Amazon’s commitment to increase wages across its U.S. operations workforce. Together, these measures increase staffing and compensation spending before the busiest shopping period annually. Amazon will continue posting seasonal vacancies through December to fill additional jobs.
Amazon’s recruitment goal remains substantial compared with the broader forecast for holiday employment nationwide. Its announced pay and benefit changes also establish updated terms for qualifying staff. Meanwhile, AMZN’s reported price gain accompanied the company’s plans to expand holiday staffing.
The bank plans to offer Bitcoin, Ether and USDT through its existing apps, while Russian rules impose testing and purchase limits on non-qualified investors.
The bank plans to offer Bitcoin, Ether and USDT through its existing apps, while Russian rules impose testing and purchase limits on non-qualified investors.
Loading this article…
Free newsletters
Good reporting. Delivered.Choose your coverage: crypto and DeFi, the future of finance, or both.
CTSH stock rises 0.66% to $66.46 following an expanded Google Cloud alliance. Cognizant assigns over 18,000 employees to its new Gemini engineering group. The partnership targets AI automation across retail, healthcare, and manufacturing. A retail project reports 40% higher productivity and 35% lower costs using Gemini. Over 55,000 Cognizant employees complete Gemini training as deployment expands. Cognizant Technology Solutions (CTSH) stock gained 0.66% to $66.46 on Monday, adding $0.43 as afternoon buying strengthened. The increase followed Cognizant’s announcement of an expanded Google Cloud partnership focused on enterprise AI adoption. The companies introduced a new Gemini Frontier Capability Group to support businesses deploying advanced automation systems.
Cognizant Technology Solutions Corporation, CTSH
Cognizant and Google Cloud Expand Enterprise AI Partnership The new partnership brings together Google’s enterprise AI technology and Cognizant’s engineering expertise to develop business automation solutions. Cognizant will support the initiative with more than 18,000 dedicated employees across its global operations. The group will help companies move AI projects from early testing into full commercial deployment.
Furthermore, the initiative builds on Cognizant’s Gemini practice, which launched in April 2026. The companies aim to simplify enterprise adoption through specialized engineering services and structured deployment methods. Their expanded collaboration targets businesses seeking greater efficiency across software development, operations, and cybersecurity.
Meanwhile, Cognizant plans to focus its engineering resources on modernizing older technology systems and improving developer productivity. The company will also develop autonomous business processes and strengthen enterprise cybersecurity capabilities. These services will combine Google’s cloud infrastructure with Cognizant’s experience across several major industries.
New Gemini Initiative Targets Retail, Healthcare, and Manufacturing Cognizant plans to introduce enterprise applications that automate specific tasks across retail, healthcare, and manufacturing operations. Its retail support agent will help businesses manage product catalogs and related customer service processes. Its healthcare marketplace will coordinate specialized digital agents across different operational functions.
The manufacturing initiative will focus on automating order processing, billing, and payment collection through connected systems. Cognizant will also use standardized architecture to support secure communication between enterprise applications. Google Cloud’s Model Armor will help protect these systems from security threats.
The partnership has already produced measurable improvements through an earlier retail software development project. Cognizant reported a 40% increase in developer productivity after integrating Gemini models into development workflows. The same project reduced delivery times by 30% and generated cost savings of 35%.
Cognizant Expands Workforce Training and Internal AI Deployment Cognizant continues to expand employee training as enterprise demand for advanced AI services increases. More than 55,000 employees completed its recent Build with Gemini workshop alongside Google Cloud. Participants developed applications and automation agents while earning credentials related to Gemini technology.
The training initiative supports Cognizant’s broader effort to develop engineers with specialized AI deployment skills. These employees will help enterprise clients integrate new technology into existing business systems. Consequently, the company expects its trained workforce to support larger and more complex customer projects.
Cognizant is also expanding Gemini adoption across its internal workforce throughout 2026. The company plans to provide the technology to 100,000 employees this year, with a longer-term target of 200,000. This expansion strengthens its existing Google Cloud partnership and extends AI capabilities across its global business operations.
Alphabet (GOOG) stock closes 0.96% higher at $340.16, then adds 0.13% after hours.
AIBotics acquires NovaCore assets to expand its AI mapping operations in Jamaica.
NovaCore’s assets include 10 service robots, six drones and Google mapping tools.
AIBotics outlines a $3 million earn-out tied to four revenue growth milestones.
NovaCore plans wider LiDAR mapping, drone services and technical skills training.
Alphabet (GOOG) stock gained 0.96% to close at $340.16 on Monday, October 19, before rising 0.13% to $340.60 after hours. Meanwhile, AIBotics completed its acquisition of NovaCore Labs assets, expanding its AI mapping and robotics operations in Jamaica. The transaction includes equipment previously used in Google Street View mapping projects and supports broader Caribbean technology expansion.
Alphabet Inc., GOOG
AIBotics Acquires NovaCore Assets to Expand Caribbean Operations
AIBotics acquired NovaCore Labs operating assets from PlayJamaica Limited through an asset purchase agreement. The acquisition strengthens its presence in Jamaica and establishes a platform for regional technology services. Furthermore, the company plans to expand operations across the Caribbean Community, known as CARICOM.
The acquired assets include 10 service robots, six commercial drones, and three field generators. AIBotics also obtained Google Street View mapping equipment, a dedicated mapping vehicle, and proprietary operating methods. These resources support commercial mapping, robotics, drone services, and digital infrastructure projects.
The Caribbean Economic Outlook 2026 estimates regional economic output at approximately $420 billion. It also projects average real GDP growth of 3.4% across major regional economies. Consequently, AIBotics plans to pursue commercial opportunities across public institutions, private businesses, and technology services.
NovaCore Targets AI Mapping and Drone Service Growth
NovaCore previously participated in Jamaica’s Google Street View mapping initiative through its geospatial technology operations. The company now plans to expand those capabilities using artificial intelligence and LiDAR technology. Its proposed services include infrastructure analysis, surface classification, and digital asset management.
NovaCore intends to expand commercial drone services across selected industries and institutional markets. The acquired equipment and software will support field operations, automation projects, and customer deployments. Additionally, the company plans to develop its technical laboratories for demonstrations and operational support.
NovaCore also maintains relationships with the University of Technology and the University of the West Indies Global Campus. These partnerships support technical training, demonstrations, apprenticeships, and workforce development programs. The company plans to strengthen these initiatives while expanding regional expertise in robotics and mapping technology.
AIBotics Outlines Acquisition Terms and Revenue Targets
AIBotics issued 22,500 Series B preferred shares with an aggregate stated value of $225,000 for the acquired assets. The agreement also includes potential additional consideration worth up to $3 million over four years. However, NovaCore must achieve specified cumulative revenue milestones to qualify for those payments.
The revenue targets stand at $500,000, $1.5 million, $3 million, and $5 million. Each achieved milestone triggers $750,000 in additional preferred-stock consideration under the agreement. Meanwhile, Gregory Moore will lead the acquired operations as president of the operating subsidiary.
AIBotics and Moore also plan a budget targeting $1 million in capital deployment over 12 months. The spending plan will support operational expansion, technical infrastructure, and commercial service development. Although NovaCore’s mapping history involves Google Street View, the announcement does not establish a new Alphabet partnership.
Well-known trader Killa: Bitcoin may bottom out before the midterm elections, and the post-midterm rally requires caution.
Well-known trader Killa recently released a video predicting market trends around the U.S. midterm elections. His analysis summarizes the historical timeline correlation between midterm elections and Bitcoin’s bottoming: in 2014, Bitcoin bottomed roughly 70 days after the midterms; in 2018, 40-44 days post-midterms; in 2022, it bottomed almost during the midterm period itself. He believes Bitcoin could form a weekly-level bottom ahead of the November 3 U.S. midterms.
Killa outlined two main scenarios:
1. Early bottom scenario: BTC forms a low before or around the midterms (possibly testing the current low, or holding above $80k), then rebounds, first testing the $80k zone, and potentially hitting $95k eventually. This would lead to a bullish fourth quarter, contrary to the widespread expectation of "post-election de-risking".
2. Classic de-risking scenario: Bitcoin rallies to a high (possibly hitting $94-$95k), then sees the typical post-election sell-off/de-risking drop observed in history (3 out of the past 4 midterm cycles followed this pattern).
Killa advises investors to closely monitor price action ahead of the midterms and adjust positions accordingly: if an early bottom forms, hold bullish positions post-election; if the rally weakens after peaking, consider de-risking. He stresses that patterns are accelerating, so the historical "post-election must fall" experience cannot be simply copied.
As a quantitative trader focused on BTC, Killa correctly predicted the peak of the current bull market in May 2025, and has over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, and switched to long positions during the broad market sell-off on June 5.
11 minutes ago
Anthropic Co-Founder: If AI models permeate the economy within the next year, U.S. GDP could reach $44 trillion by 2030.
Anthropic Co-Founder Jack Clark: An internal economic model shows that if AI models permeate the economy within the next year, U.S. GDP could reach $44 trillion by 2030.
11 minutes ago
Tom Lee: Crypto and chip stocks have pulled back to their support levels, a rally is imminent.
Tom Lee, chairman of Ethereum Treasury Company BitMine, said in a CNBC interview yesterday that if fundamentals remain stable, cryptocurrencies, chip stocks, and neocloud companies are imminent breakout opportunities. All have pulled back to support levels. Lee noted that when fundamentals hold steady while the market grows fearful, this actually represents a pretty favorable risk-reward setup.
11 minutes ago
Elon Musk: New Tesla Roadster to Feature Perception Capabilities
Elon Musk responded to a community user on X regarding Tesla’s new "flying" Roadster sports car, stating that the vehicle will be capable of autonomously performing various stunts and will possess "sentient abilities." Tesla will also build a circular track at its Texas headquarters—even more extreme than a Hot Wheels track—for Roadster owners to test their cars. The community user noted that the Tesla Roadster is controlled by a computer sending commands to another computer, with steering, braking, and acceleration all utilizing drive-by-wire technology. Musk replied: "True."
11 minutes ago
Analysis: UNI’s CEX inflows hit a new year-to-date high; prices have pulled back over 30% from their recent peak amid whale distribution pressure.
Crypto analyst Darkfost said in a post that Uniswap (UNI) has been facing sustained selling pressure recently, with its inflow to trading platforms hitting a year-to-date high. UNI rallied around 370% from its June low; in September, Uniswap’s total value locked (TVL) exceeded $4 billion, a new annual high, and the decentralized exchange’s trading volume also peaked at $93.6 billion. However, the strengthening fundamentals failed to stem the recent price pullback. Data shows that in late September, UNI’s inflow into Binance repeatedly reached year-to-date highs. Inflows remain active currently, but the growth momentum appears to be weakening. Darkfost pointed out that if UNI’s inflow to trading platforms continues to decline, the token may gradually form a bottom, easing the selling pressure accumulated since its recent $10.9 peak. UNI has now pulled back over 30% from that high.
11 minutes ago
DeepSeek pushes AI programming into the 'prompt era': Creates 3D games from scratch, DeepSWE benchmark outperforms Opus 5
Dynamic Insight’s Beating AI News Flash: DeepSeek has upgraded its V4.1 Flash model to version 1017, with updates rolled out simultaneously for its web platform, app, and API. The new model weights have been open-sourced under the MIT license.
Official test results show that DeepSWE v1.1 software engineering task pass rate rose from 74.2% to 77.0%, surpassing Claude Opus 5’s 74.0%. Terminal-Bench 4.0 improved from 31.2% to 42.3%, though still lagging behind Opus 5’s 51.8%.
Per DeepSeek’s published cost curve, the configuration achieving the 77% pass rate costs an average of approximately 1.3 yuan per task. It’s worth noting that the comparison benchmark here is Opus 5, not the newer Opus 5.5.
A key focus of the new version is enhancing "wish-based programming" – a feature where users only provide simple requirements, and the AI independently plans and executes the entire project. DeepSeek improved this capability via reinforcement learning with self-feedback, showcasing demos including a 3D Forbidden City scene, a web-based racing game, and a Godot engine-based recreation of Portal 2.
The company stated the new model reduces both task completion time and output length, with optimizations tailored for DeepSeek Harness, Tencent CodeBuddy, and WorkBuddy.
Additionally, DeepSeek is opening its self-developed search engine’s Search and Fetch APIs to developers for the first time. Developers can now enable AI agents to directly search web pages and extract content. Both APIs are billed per successful request, at 5 yuan per 1,000 requests. Search requests triggered via Claude Code and Codex’s built-in web search function will be free of API call fees for the first two weeks.
Copart (CPRT) stock ticks up 0.02% to $27.75 following the ACV Auctions takeover.
Copart completes its $10.50-per-share deal to acquire ACV Auctions outright.
ACV shareholders tender 116.8 million shares, representing 68.43% of its stock.
ACV Auctions exits the NYSE and continues operating as a Copart subsidiary.
Copart adds wholesale dealer auctions to its global vehicle remarketing network.
Copart (CPRT) stock edged up 0.02% to $27.75 on Friday, October 16, following the completion of its ACV Auctions acquisition. The company acquired ACV Auctions for $10.50 per share in cash, expanding its vehicle remarketing operations. Meanwhile, CPRT shares briefly climbed above $28.25 before retreating amid volatile trading.
Copart, Inc., CPRT
Copart Completes ACV Auctions Acquisition to Expand Vehicle Remarketing Business
Copart announced the completion of its acquisition of ACV Auctions on October 16, 2026. The transaction combines Copart’s online vehicle auction operations with ACV’s established wholesale automotive marketplace. The combined business now covers dealer trade-ins, wholesale vehicle sales, salvage auctions, and international remarketing services.
The acquisition supports Copart’s strategy to expand its presence across the used vehicle market. Moreover, ACV brings additional technology, dealership relationships, and wholesale auction capabilities to the company’s existing operations. These assets strengthen Copart’s ability to serve commercial sellers, dealerships, and vehicle buyers across different markets.
Copart Chief Executive Officer Jay Adair identified the transaction as an important step in the company’s growth strategy. The company expects the combination to improve operational efficiency and broaden its vehicle remarketing services. Copart plans to use its physical infrastructure and international network to support ACV’s existing business.
Copart Finalizes $10.50-Per-Share Tender Offer for ACV Auctions
Copart completed the acquisition through Apple Merger Sub, its wholly owned subsidiary, following a cash tender offer. The company offered ACV shareholders $10.50 per share, without interest and subject to applicable withholding taxes. The tender offer expired at 5:00 p.m. Eastern Time on October 15, 2026.
Shareholders tendered 116,818,409 ACV common shares before the deadline, representing approximately 68.43% of outstanding shares. Copart accepted the tendered shares and arranged payment under the transaction’s agreed terms. Subsequently, the company completed a merger to acquire the remaining ACV shares at the same cash price.
Following the merger, ACV shares stopped trading on the New York Stock Exchange. ACV will continue operating as an independent Copart subsidiary under its existing leadership team. Meanwhile, ACV Chief Executive Officer George Chamoun will lead the business as it expands its operations.
Copart Strengthens Market Reach Through ACV’s Dealer Network
The acquisition expands Copart’s services beyond its established salvage vehicle auction business. ACV contributes wholesale remarketing technology and dealership connections that complement Copart’s national facilities and global marketplace. Together, these operations provide additional channels for vehicle sales across different stages of the automotive market.
Copart also retained Evercore as financial advisor and Wilson Sonsini Goodrich & Rosati as legal counsel. Meanwhile, J.P. Morgan Securities advised ACV and provided a fairness opinion during the transaction. Davis Polk & Wardwell represented ACV on legal matters, while both companies retained separate strategic communications advisors.
The completed transaction gives Copart a broader platform for handling used vehicles and dealer inventory. Furthermore, ACV’s continued independent operations preserve its existing management structure and commercial relationships. Copart now enters its next growth phase with expanded wholesale capabilities and a larger vehicle remarketing network.
This article was automatically generated using Dow Jones technology. All major cryptocurrencies were up at 10 a.m. London time, with Avalanche seeing the biggest change, climbing 2.3% to $10.20. Sui rose 1.6% to $1.05, while Dogecoin increased 1.2% to 8 cents. Solana rose 1.1% to $106.64, and Cardano rose 0.9% to 23 cents.
Tronix climbed 0.9% to 33 cents, and XRP climbed 0.2% to $1.34. Bitcoin climbed 0.1% to $82,116.50, and Ethereum climbed 0.1% to $2,454.10. Data source: Dow Jones Market Data, Kraken (END) Dow Jones Newswires 10-16-26 0501ET Copyright (c) 2026 Dow Jones & Company, Inc.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
This article was automatically generated using Dow Jones technology. Most major cryptocurrencies were up at 4 p.m. Eastern time, with Solana seeing the biggest change, climbing 1.8% to $105.93. Sui increased 1.7% to $1.03, while Ethereum climbed 1.5% to $2,450.89. Cardano increased 1.4% to 23 cents, and XRP climbed 1.4% to $1.34.
Avalanche increased 1.2% to $10.05, and Bitcoin increased 0.7% to $82,292.70. Tronix shed 0.1% to 33 cents, and Dogecoin declined 0.3% to 8 cents. Data source: Dow Jones Market Data, Kraken (END) Dow Jones Newswires 10-15-26 1600ET Copyright (c) 2026 Dow Jones & Company, Inc.
France’s finance committee approved a plan on October 7 to tax gains from certain crypto-to-stablecoin swaps starting January 1, 2027.
The rule applies only to electronic money tokens under the EU’s MiCA regulation, not all stablecoins.
Gains would face France’s 31.4% flat tax, made up of 12.8% income tax and 18.6% social contributions.
Lawmakers are also reviewing an exit tax for crypto holders, a ten-year loss carryforward, and self-custody wallet reporting rules.
The measure is not final and still needs to pass Parliament.
France is moving forward with a proposal that would tax gains from some crypto-to-stablecoin swaps. The change would start on January 1, 2027, if Parliament approves it.
The National Assembly’s finance committee approved the measure on October 7. It is part of France’s 2027 budget proposal, which still needs a full vote.
Today, French investors pay tax when they sell crypto for regular money, such as euros. They also pay tax when they use crypto to buy goods or services.
However, swaps between digital assets are usually not taxed right away. The tax is deferred until the investor cashes out.
🇫🇷 France is considering a new 31.4% tax on crypto-to-stablecoin swaps – even if the crypto is never converted to fiat money.
The proposals also include an "exit tax" on unrealised crypto gains for residents moving abroad with large crypto holdings. pic.twitter.com/Wy35V2koeM
— Europa.com (@europa) October 14, 2026
What the Stablecoin Tax Proposal Would Change
The proposal is called Amendment I-CF1826. It was introduced by lawmaker Nicolas Sansu and others, and it would change Article 150 VH bis of the French tax code.
The amendment targets swaps where investors receive electronic money tokens under the European Union’s Markets in Crypto-Assets (MiCA) rules. These tokens are designed to hold a steady value against one official currency.
Not every stablecoin would be covered. The rule applies only to electronic money tokens as defined by MiCA, and other crypto assets are not affected.
The reasoning behind the change is that the current system lets investors move crypto profits into tokens that work like cash without paying tax. The proposal would treat these swaps the same way as sales for fiat money.
How the 31.4% Crypto Tax Would Work
French tax authorities apply a flat tax rate of 31.4% to private gains on digital assets. This includes 12.8% income tax and 18.6% social security contributions.
Some investors can choose to be taxed under the progressive income tax scale instead. The flat rate is the default.
The tax would apply only to gains, not to the full value of each swap. Gains would be calculated after subtracting purchase costs and eligible fees.
For crypto bought at different prices, the proposal would use an average cost method. Investors holding assets before 2027 could use their recorded purchase cost or spread the cost of their whole portfolio as of December 31, 2026.
Lawmakers are reviewing other crypto tax changes too. One committee-approved amendment would extend France’s exit tax to some crypto holders who leave the country.
That rule would cover people who lived in France for at least six of the last ten years and hold portfolios worth more than €800,000. It would also start on January 1, 2027.
Another adopted proposal would let investors use crypto losses to offset digital asset gains for up to ten years. Currently, losses can usually only offset gains made in the same tax year.
A separate amendment would require investors to report self-custody wallets holding at least €100,000 at year-end. Violations could bring penalties of up to €10,000, but this proposal is still pending and has not received committee approval.
Committee approval is not final adoption. The 2027 budget, including the stablecoin tax measure, still has to be debated in Parliament before any of these changes become law.
US optical module and storage stocks fall in pre-market trading.
According to Bybit market data, US-listed optical module and storage stocks were trading lower in pre-market hours, with the following movements: COHR down 0.27%, LITE down 0.66%, AAOI up 0.22%, NOK up 1.52%, MRVL down 0.31%, STX (Seagate) down 1.47%, WDC (Western Digital) down 1.24%, SNDK (SanDisk) down 2.16%, and MU (Micron) down 0.63%.
9 minutes ago
DeFi yield protocol infiniFi unveils INFI token economic model, with 45% allocated to the ecosystem.
According to official announcements, DeFi yield protocol infiniFi has unveiled the token economics model for its native INFI token, with the Token Generation Event (TGE) on the horizon. INFI’s total token allocation breaks down as follows: 45% for the ecosystem, 20% for the team, 20% for investors, and 15% for the foundation. infiniFi stated that its upcoming community airdrop will be allocated from the ecosystem pool. More use cases for INFI will be announced ahead of the TGE, while additional details on the token economics model, allocation mechanisms, and the airdrop are set to be disclosed in the near future.
9 minutes ago
US crypto-related stocks rose slightly in pre-market trading.
According to Bybit market data, as Bitcoin rebounded to briefly top $84,000, US-listed crypto-related stocks posted modest pre-market gains, with SBET rising 0.83%, BMNR up 0.64%, GEMI up 0.49%, CRCL up 0.64%, MSTR up 1.49%, COIN up 0.57%, and ASST up 0.94%.
9 minutes ago
Liquid AI upgrades its 24B-parameter local model: only 2B parameters are activated, and it outperforms the larger Qwen model in agent tests.
Beating AI Express: Leading edge-side AI R&D firm Liquid AI has launched LFM2.5-24B-A2B, a model focused on enhancing local agent inference and tool calling capabilities. The previous LFM2-24B-A2B generation prioritized operational efficiency; the new version retains a total of 24 billion parameters with only around 2 billion activated per run, while its pre-training data has grown from 17 trillion to 33 trillion tokens, and its context window expanded from 32K to 131K. The new model performs inference before generating responses, and was fine-tuned via reinforcement learning directly on agent frameworks including OpenClaw, Hermes Agent, Pi, and OpenCode, training on continuous tool calls, handling return results, and completing multi-step tasks. In an official demo, a MacBook—no cloud model API required—enabled Hermes Agent to search for trending Hugging Face projects, compile briefings, and act on follow-up queries. Official tests show the new model generates 184 tokens per second on Apple M5 Max, up to 1.7 times faster than comparable MoE models. In agent benchmarks, it scored 48.09 on LiveClaw, higher than Qwen3.6-35B-A3B’s 38.19; its AutomationBench score of 27.69 is over three times that of Qwen. However, it only achieved 51% on the SWE-bench Verified programming test, lower than Qwen’s 66.2%.
9 minutes ago
Binance: Users with at least 245 points can claim the Alpha airdrop at 18:00 today.
According to official announcements, Binance Wallet will open the claim period for a new round of Alpha airdrops at 18:00 Beijing time today. Users holding at least 245 Binance Alpha points are eligible to claim the token airdrop. The airdrop operates on a first-come, first-served basis and will remain open until the airdrop pool is exhausted or the event concludes.
9 minutes ago
TRUMP team's allocated address transfers 6.136 million TRUMP tokens to a new address.
According to on-chain data analyst @ai_9684xtpa’s monitoring, TRUMP’s team allocation address transferred $11.78 million worth of tokens (6.136 million TRUMP tokens) to a new address after a 12-day interval, likely to be deposited into a trading platform. It is noted that 12 days ago, this address had already transferred $8.87 million worth of TRUMP to the address 52RDq…rkaD1; these tokens were later deposited into OKX via two addresses, using a similar operational approach.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to an official announcement, Binance will add watch tags for AVA (AVA), Gains Network (GNS), Scroll (SCR), and Towns Protocol (TOWNS). Compared to other listed tokens, watch-tagged assets have higher volatility and greater associated risk. Trading these tokens is risky, as they no longer meet the exchange’s listing standards and are subject to potential delisting.
Binance applied its Monitoring Tag to AVA (AVA), Gains Network (GNS), Scroll (SCR), and Towns Protocol (TOWNS) on September 4. The label places all four tokens under closer review.
Traders reacted quickly. All four tokens dropped following the announcement.
What Does the Binance Monitoring Tag Mean?Binance uses the tag to flag assets that are more volatile and riskier than the rest of its listings. Tagged tokens face repeat reviews and can lose their listing entirely.
“Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform,” the team said.
Binance weighs team commitment, development activity, trading volume, liquidity, network stability, and tokenomics changes during each review.
The recent record gives the label weight. Binance delisted Across Protocol (ACX), Hashflow (HFT), PIVX, Vulcan Forged PYR (PYR), Vanar (VANRY), and Viction (VIC) last month, and all had been tagged earlier.
The pattern repeated weeks later. Binance removed ICON (ICX), Secret (SCRT), and Storj (STORJ) from spot trading on September 3. All three had received the tag first, ICX as recently as August 11.
Follow us on X to get the latest news as it happens
The market priced that history in almost immediately. TOWNS slid 9.02% in the minutes after the announcement. SCR traded near $0.0214 after the notice, down 7.5%, with about $1.6 million in trading volume on Binance.
1-minute price charts for AVA, GNS, SCR, and TOWNS on Binance following the Monitoring Tag announcement, Source: TradingViewAVA dropped 4.88%. GNS managed to recover some of its losses and was down 0.38% at press time. Binance said other services tied to the four tokens remain unaffected.
The tag does not commit Binance to a delisting. However, the last few removal rounds drew from the tagged list, raising risks.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Shekel announced a strategic partnership with Symphonyio to launch its V2 trading agents, marking a major upgrade to its agentic trading framework.
Advertisement
We are pleased to announce a strategic partnership with @Symphonyio!
We have been quietly building V2 agents with Symphony's top tier team for the last few months and are excited to finally pull back the curtain and show what happens when you combine powerful execution rails… pic.twitter.com/RJJ9mdKh3Q
— Shekel (@Shekel_Agentic) October 30, 2025
The two teams have been developing the new version over the past several months, integrating Symphonyio’s execution rails with Shekel’s AI-driven agent infrastructure.
The result is a next-generation platform that allows users to create and deploy no-code perpetual trading agents capable of executing on major decentralized exchanges, including Hyperliquid and Gains Network. These agents are designed to optimize entries and funding rates across multiple markets while maintaining full customization.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Cardano could drop lower, but its good risk-to-reward ratio is already becoming too appealing to ignore if prices start rebounding.
This narrative is according to a live chart analysis from YouTuber Jayson Casper. While prices remain deep in the red, he believes that Cardano (ADA) is a “good asset” that could offer insane returns from the current level when market conditions start to improve.
Cardano at a Good Place Casper first noted that Cardano is at a “good place” to start buying as its price remains well below prior highs. Currently around $0.178, the coin has fallen below its previous bear market lows around $0.22, after a lackluster price action during the bull market phase.
The analyst views the current level as a great entry point for long-term holders, citing its appealing risk-to-reward ratio should a recovery start.
However, his analysis does not rule out the possibility of further downside. A projected chart shows that two major supports lie below the current market price, with Casper noting that he is closely watching them.
Cardano Key Support Levels/Jayson Casper The first is the important weekly support at $0.125, aligning with the 0.618 Fibonacci retracement level. This downtrend would not only represent a nearly 30% decline from the current market price but also potentially take ADA to price levels last seen in November 2020.
The chart shows that the second key support sits around the 0.786 Fibonacci level at $0.05, a staggering 72% crash from here. Although he sees this as very unlikely, Casper noted that he would grab the opportunity if it presents itself.
Upside Potential and Massive Risk to Reward Casper is particularly interested in Cardano because it offers good rewards relative to the risks of exposure. The asset is already down over 90% from its all-time high and around key historical supports; hence, there is more room on the upside than on the downside.
To explain this, he used the percentage upside for a spot ADA buy if it reclaims key upside targets. In a case where Cardano rebounds from the support at $0.052 to its all-time high of $3.10, it would represent a 6,100%, or 59.6x growth.
Interestingly, even if it reaches only the bull market high of $1.32 in December 2024, it will amount to an almost 3,000% increase.
Furthermore, painted the reward prospects for Cardano if it starts to recover from $0.125. Reclaiming its all-time high would represent a 2,380% increase, and reaching a hypothetical new high of $4 would culminate in a 3,100% rally.
Notably, Casper is not the only analyst who sees Cardano as a trade with a good risk-to-reward ratio. Analyst Mathew Dixon mentioned this even when the coin was trading at $0.296 in February. The consensus is that ADA has survived periods of market weakness several times in its history and still has the capacity to do so in the future.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Ethereum, the world’s second largest cryptocurrency by market capitalization, surged 8.46 percent over the past 24 hours, hitting $1,805.94. This jump outperformed the overall crypto market, which saw a 7.69 percent uptick over the same period. Ethereum’s strong move has renewed investor interest after weeks of muted performance across digital assets.
Short-term outlook and latest trendsEthereum’s momentum against Bitcoin also strengthened. In the past day, ETH gained 5.17 percent against BTC, signaling a possible recovery from its recent weakness. According to analysts, the short-term forecast suggests that the price could climb to $1,909.55 by June 20, 2026. This would represent an additional rise of 11.17 percent from current levels.
Analysts currently predict that Ethereum could reach $1,909.55 by June 20, 2026, marking an 11.17 percent increase compared to its current price.
However, the broader trend over longer time periods remains negative. Ethereum has declined 17.01 percent in the last month and dropped 22.29 percent over the past three months. On a yearly basis, ETH is down by 28.34 percent. For comparison, at this time last year, Ethereum was trading at $2,520.16.
Technical indicators flash cautionDespite the recent gains, technical signals suggest caution is warranted. Most market indicators remain bearish, with 17 producing downward signals and just 14 showing a more positive picture. This distribution highlights that, despite the short-lived rebound, the market has not yet confirmed a strong directional shift.
Investor sentiment also remains subdued. The Crypto Fear & Greed Index currently stands at 20, indicating extreme fear in the market. Historically, such levels are associated with uncertainty, though some traders consider them potential buying opportunities.
Glossary: The Fear & Greed Index is a tool for measuring investor sentiment. Low values often indicate caution, while high values reflect rising risk appetite.
The Relative Strength Index (RSI) for Ethereum stands at 37.84, suggesting the market is not yet in formal oversold territory but is approaching a neutral zone. Nonetheless, ETH’s price remains above both the 50-day and 200-day simple moving averages, factors considered positive in technical analysis.
Key support and resistance levelsIn the near term, traders are watching support at $1,676.93, $1,631.17, and $1,607.54. On the upside, resistance levels are noted at $1,746.31, $1,769.94, and $1,815.70. Within the current market cycle, the highest level reached by ETH was $1,823.28, and the lowest was $1,513.54.
While Ethereum is showing signs of a short-term recovery, many technical indicators urge caution; as a result, market sentiment, key support zones, and volatility are being closely monitored by analysts.
Thirty-day volatility currently stands at 11.07, and Ethereum closed positively on 12 of the past 30 days. These figures indicate an ongoing attempt at recovery, but the market remains undecided about the sustainability of this momentum.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Industry experts argue that recent crypto ETF outflows reflect a maturing market rather than fading interest in digital assets.
A Different ‘Crypto Winter‘Speaking on CNBC’s ETF Edge on June 16, CoinDesk Indices President David LaValle noted that the recent selloff and roughly $3 billion in outflows from Bitcoin exchange-traded products have led some investors to question the future of crypto.
However, he argued that ETF flows are behaving similarly to those seen in traditional asset classes. "They are serving both buy-and-hold investors and institutional holders."
LaValle described the current downturn as a different type of crypto winter compared with previous cycles.
"This crypto winter is more about when do I get back in, as opposed to whether there is a future," he said.
Vetify Director of Research Todd Rosenbluth noted that many investors continued holding Bitcoin ETFs despite the market correction.
The iShares Bitcoin Trust ETF (NASDAQ:IBIT) recently remained in net inflow territory despite BTC decline earlier this year.
The NEOS Bitcoin High Income ETF (BATS:BTCI) attracted roughly $500 million of inflows this year through last week, making it one of the most popular Bitcoin-linked ETFs in 2026.
Over the past week, BTC and ETH have gained around 7% while SOL is trading 13% higher.
Adoption Still In Early InningsLaValle argued that Bitcoin ETF adoption remains surprisingly early despite spot Bitcoin ETFs being available for more than two years.
He noted that many large advisory platforms and model portfolios have yet to fully incorporate Bitcoin products.
As an example, he pointed to Morgan Stanley’s recently launched Bitcoin ETF offering, which gathered more than $250 million in assets despite entering the market after several established competitors.
"It’s super early," LaValle said.
Besides BTC and ETH, he also highlighted SOL as a network attracting growing developer activity and institutional attention, while noting that future crypto investing may increasingly focus on utility and real-world applications rather than purely speculative trading.
"We do not yet know what the application of crypto is going to be," he said.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
The head of US Equity Strategy at Bank of America Securities says broad market gains will be difficult to sustain from current levels.
Appearing on CNBC’s Power Lunch, Savita Subramanian says BofA holds a 7,100 year-end price target for the S&P 500 and remains bearish at the index level.
She says the best single-index buy today is the Russell Large Cap Value Index, pointing to its income-generating profile. Within the broader market, she sees opportunity in value and cyclical names but warns the tailwinds that drove last year’s gains have largely faded.
Subramanian note that 2025 was “essentially the best year on record when it comes to liquidity,” with individual investors, corporate buybacks, privatizations, and government entities all buying U.S. equities simultaneously. That dynamic, she says, is not repeating in 2026.
According to Subramanian:
“The good news is priced in. Typically years where you’ve got great earnings growth and GDP growth are not the best years for equity returns. We are getting a big shift in supply demand. So that’s why we’re bearish at an index level. Within the index, I think there’s a tremendous opportunity to own income value areas of the market that are throwing off capital rather than using it.”
Subramanian also questions how much more earnings can surprise, noting analysts are now forecasting near-record long-term earnings growth rates with strong earnings already anticipated.
Elon Musk’s Space Exploration Technologies Corp. (SPCX) shares rose sharply on Tuesday with over 17% at peak. The SpaceX stock surpassed the valuation of Amazon and Microsoft to become the fourth largest company in the world.
SpaceX Gains Lead Over Amazon, Microsoft The SPCX stock surged by as much as 17.21% on the day to reach the day’s high at $225.64. This increase led to the company’s market cap growing to $2.93 trillion.
At that time, SpaceX had briefly surpassed Microsoft, whose stock price dipped 1.63% to $393.24 to value at nearly $2.92 trillion. Nonetheless, at the time of writing, SpaceX had around 15% in gains, which ranked it below Microsoft.
SpaceX stock price chart. Source: Yahoo! Finance Meanwhile, SpaceX also took a lead over Amazon, which was up 0.25% to $246.72 and valued at nearly $2.63 trillion. Despite the volatility in early trade, SPCX still ranked higher than Amazon in value.
The recent surge also came after a massive overnight price rally in the stock. On Monday, the SpaceX stock had rallied 19.60% to $192.50 amid the announcement of the US-Iran peace agreement.
Further, in the after hours, the shares rose another 11.57% to $214.86 in the momentum trade. In addition, the shares surged nearly 10% in premarket trading on Tuesday and began to ramp up again after the market opened.
Why Is The SPCX Stock Up Today? The SpaceX stock upswing follows a Space Exploration Technologies Corp. and its subsidiary X67 Inc. announcing a merger agreement with Anysphere Inc. For context, this deal would result in X67 Inc. becoming a wholly owned subsidiary of Elon Musk’s SpaceX.
SpaceX has exercised the option to acquire @cursor_ai in an all-stock transaction with the goal of building the world’s most useful AI models.
For the past few months, SpaceXAI has been jointly training a model with Cursor, which will be released in Cursor and Grok Build soon.… https://t.co/X5mepgXgjJ
— SpaceX (@SpaceX) June 16, 2026
All common and preferred shares of Cursor will automatically convert into rights tied to SpaceX shares at the end of the merger. Cursor is valued at about $60 billion on the all-stock basis.
The transaction is subject to regulatory approvals and customary closing conditions and is anticipated to close in the third quarter of 2026, SpaceX said. It was one of the main reasons of the 10% pre-market surge in SPCX stock since it could boost the aerospace company’s market share.
For those looking for DeFi-backed crypto borrowing, visit our page on DeFi Lending Platforms.
Key HighlightsBond Filing Reveals Strong Backlog TrajectoryCapital Structure Updates and Wall Street UpgradesGet 3 Free Stock Ebooks CoreWeave will become a Nasdaq-100 component effective June 22 during the index’s quarterly adjustment. Cantor Fitzgerald maintained its Overweight stance with a $167 target, expecting a significant Q2 backlog surprise. Analyst estimates point to a potential $131 billion Q2 backlog by quarter-end, significantly surpassing the $104.4 billion Street forecast. Macquarie raised its rating to Outperform in the prior week, lifting its price objective from $90 to $125. Shares gained 7.38% to reach $104.59 during Tuesday’s session. CoreWeave (CRWV) shares advanced more than 7% during Tuesday trading, hitting $104.59, as market participants responded positively to a pair of favorable developments.
CoreWeave, Inc. Class A Common Stock, CRWV
The primary driver is CoreWeave’s forthcoming entry into the Nasdaq-100 Index. The company will join the prestigious benchmark prior to market open on June 22, following the June 2026 quarterly reconstitution. Such index additions generally prompt purchasing activity from passive funds required to replicate the index composition.
CoreWeave will enter the index alongside Astera Labs, Nebius Group, Rocket Lab, and Teradyne during this rebalancing period.
The secondary positive development emerged from Cantor Fitzgerald. Analyst Brett Knoblauch maintained his Overweight recommendation and $167 price objective on Tuesday, highlighting information contained within a recent bond prospectus that he believes investors have largely dismissed.
Bond Filing Reveals Strong Backlog Trajectory CoreWeave submitted a bond offering memorandum late last week. Within this document, Knoblauch uncovered operational data suggesting the firm is positioned to significantly exceed Q2 backlog expectations.
The prospectus disclosed run-rate EBITDA of $18.758 billion, representing an increase from the $16.098 billion figure reported in April’s offering document. Based on this progression, Knoblauch calculates that CoreWeave’s backlog may have already reached approximately $125 billion in early June.
He observes that the filing encompasses roughly 80% of the quarter’s duration. Assuming backlog accumulation continues at the current trajectory, his model projects the metric could achieve $131 billion by the June 30 quarter close.
This would comfortably surpass the previous quarter’s $99.4 billion backlog figure and substantially exceed the Street’s $104.4 billion consensus forecast.
Knoblauch offered a direct assessment: the market is significantly “undervaluing” both CoreWeave and the broader neocloud infrastructure segment.
Capital Structure Updates and Wall Street Upgrades The disclosure also revealed anticipated gross debt of $68.5 billion, with net debt projected at $58.3 billion — amounts connected to the capital requirements necessary to fulfill existing backlog commitments.
Regarding financing activities, CoreWeave completed a private placement of $1.25 billion in 9.625% senior notes alongside 2 billion euros of 8.500% senior notes, both maturing in 2032. This transaction follows a previous plan to secure $3.5 billion through senior note issuance, with funds designated for general corporate use and existing debt refinancing.
In the previous week, Macquarie elevated CoreWeave to Outperform from Neutral, increasing its price target from $90 to $125. The research firm cited partnerships with Meta and OpenAI as confirmation that CoreWeave is establishing itself as a critical infrastructure provider in the AI ecosystem.
From a technical perspective, CRWV is positioned above all primary moving averages — trading 9.8% above its 20-day average, 5.7% above the 50-day, and 18% above the 100-day. The Relative Strength Index registers at a neutral 51.28. Critical resistance appears at the $125 level, with support identified near $103.
CRWV shares were trading up 7.38% at $104.59 at the time of publication on Tuesday.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
4 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
4 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
4 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
4 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
4 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
COIN stock registers modest uptick following tokenized stock announcement
Exchange aims to democratize U.S. equity access through blockchain technology
Real share backing distinguishes Coinbase’s offering from synthetic products
Platform extends tokenization efforts with new equity-backed digital assets
Coinbase Global (COIN) registered a modest uptick as its newly announced tokenized stock initiative drew investor attention to its expanding market approach. COIN shares traded at $170.13, reflecting a 0.30% increase, following a session marked by price fluctuations. The stock briefly climbed past $172 during mid-morning hours before settling near opening prices.
Coinbase Global, Inc., COIN
COIN Shares Rise Following Tokenized Stock Product Reveal Coinbase revealed its intention to introduce tokenized U.S. equities with complete one-to-one backing by actual shares. The offering will encompass prominent corporations such as SpaceX, Nvidia, Google, Strategy, and Bitmine. According to the platform, customers will be able to buy, sell, hold, redeem, and move these digital shares on blockchain networks.
The crypto exchange characterized this initiative as an integral component of its comprehensive “Everything Exchange” vision. Coinbase has systematically expanded beyond basic cryptocurrency transactions into derivatives trading, prediction markets, and diverse financial instruments. Consequently, the tokenized equity product represents an additional milestone in diversifying its service offerings.
The stock’s subdued price movement reflected a cautious market response to the news. COIN maintained positive momentum despite experiencing notable intraday volatility. Nevertheless, the development sustained investor focus on Coinbase as tokenization continues gaining prominence throughout financial sectors.
Platform Emphasizes Genuine Ownership in Tokenized Products Coinbase emphasized that every tokenized equity will correspond to an authentic underlying U.S. stock share. The exchange distinguished its structure from derivatives, synthetic constructs, or promissory instruments. Additionally, the company confirmed that qualified participants will receive ownership benefits such as dividend distributions.
Chief Executive Brian Armstrong stated the offering provides customers with legitimate ownership through blockchain infrastructure. He further explained the framework merges traditional shareholder privileges with blockchain-enabled transfers. His statements positioned Coinbase’s product apart from competing tokenized equity offerings that merely mirror price movements.
The service will initially target qualified international customers. Coinbase noted that numerous individuals outside U.S. borders continue experiencing restricted access to American stock markets. Accordingly, the platform seeks to leverage blockchain settlement mechanisms to broaden availability while maintaining complete asset backing.
COIN Performance Mirrors Industry Tokenization Trend Coinbase’s product launch arrives amid growing enthusiasm for tokenization throughout cryptocurrency and conventional finance sectors. Multiple exchanges and blockchain enterprises have pursued bringing equities, funds, and private market instruments onto blockchain networks. This evolution has intensified competition for regulated, asset-secured tokenized offerings.
The new product also emerges following recent developments surrounding tokenized securities connected to the SpaceX IPO. Several crypto platforms terminated related initiatives after tokenization partners couldn’t secure underlying shares. That incident heightened pressure on platforms to demonstrate robust asset backing and redemption capabilities.
Coinbase is leveraging its reputation, custody infrastructure, and regulatory compliance to distinguish its offering from inferior alternatives. The exchange also continues diversifying through pre-IPO perpetual contracts and additional financial products. For COIN investors, the tokenized equity initiative provides further evidence of its strategic diversification approach.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
UNI climbed 22% in 24 hours to $3.28 on $621 million in trading volume Tuesday, the highest-percentile move in recent CoinGecko tracking, one day after Standard Chartered published a $100 long-term price target for the token.
Uniswap's UNI token climbed 22% in 24 hours to $3.28 on $621 million in trading volume Tuesday, one day after Standard Chartered published a $100 long-term price target for the asset.
The move hit the 100th percentile of CoinGecko's recent price-change distribution for UNI, meaning no comparable 24-hour window in the tracked dataset registered a larger gain. The volume-to-market-cap ratio came in at 0.30 against a $2.04 billion market cap, a level that distinguishes the session from thin-book price manipulation. UNI has gained 31% over the trailing seven days and is trading roughly 93% below its 2021 all-time high of $44.92.
The Standard Chartered FrameStandard Chartered Global Research published its $100 UNI target for end-2030 on June 15, framing Uniswap as the likely trading infrastructure for tokenized real-world assets. At Tuesday's $3.28 price, that target is roughly 30x away. To reach $100 from the current level by December 2030, UNI would need to compound at approximately 135% annually over four years. One strong 24-hour session does not close that gap, but it aligns with the directional thesis the bank outlined.
Protocol Fundamentals Supporting the MoveThe rally arrives alongside genuine protocol activity. DefiLlama lists Uniswap's combined V3 and V4 deployment at $1.47 billion in 24-hour DEX volume, the top DEX entry on its rankings. Fees on Uniswap V4 over the trailing 24 hours came in at $734,000, per DefiLlama, with V4 TVL at $895 million. Combined V3 and V4 TVL exceeds $2.3 billion.
The protocol's UNIfication fee switch, passed by governance in December 2025 with 99.9% support, is also an active supply-side factor. The mechanism redirects a portion of protocol fees toward buying and burning UNI on an ongoing basis, reducing circulating supply.
Standard Chartered's June 15 initiation placed fresh institutional framing on a token that had spent most of 2026 below $3. That coverage, combined with the active UNIfication fee-burn mechanism, appears to have attracted renewed buying interest in Tuesday's session. No public statement was issued by Uniswap Labs or the Uniswap Foundation regarding the price move.
Elon Musk’s SpaceX revealed it successfully launched AST SpaceMobile’s new batch of BlueBird satellites from Florida. After this announcement, SPCX shares rose in pre-market trading on Wednesday.
SpaceX Successfully Deploys All Bluebird Satellites SpaceX wrote on X, “Deployment of all three BlueBird satellites confirmed.” This revelation came after the company filed with the SEC to make its X account the official disclosure channel to post regular updates. The company went public on June 12 and has now ramped up its operations.
For context, the BlueBird 8-10 mission lifted off aboard a Falcon 9 rocket at 2:39 a.m. ET on June 17 from Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station. The satellites are a component of AST SpaceMobile’s goal of advancing a space-based cellular broadband network.
Deployment of all three BlueBird satellites confirmed
— SpaceX (@SpaceX) June 17, 2026
SpaceX also accomplished another milestone for reusables. The first-stage booster of the Falcon 9 flew its 29th mission. The booster had previously powered a number of important missions, such as Crew-5, GPS III Space Vehicle 06, Inmarsat I6-F2, CRS-28, NG-20, TD7 and 21 Starlink.
After separating from the stage the booster made a successful landing on the A Shortfall of Gravitas droneship in the Atlantic Ocean where it was recovered for future missions.
SPCX Stock Reaction The launch boosted the shares of Space Exploration Technologies Corp. (SPCX) on Wednesday. The SPCX stock moved slightly higher to $207.81 in pre-market trading today, up 2.98%.
Moreover, the SpaceX stock previously closed at $201.80, up 4.83% on Tuesday, June 16. However, it declined significantly from its intraday high of $225.64, which even pushed it beyond Amazon and Microsoft in valuation.
The stock traded between $195.13 and $225.64 per share on Tuesday, continuing its impressive rally since Friday’s IPO. This surge pushed Elon Musk’s net worth past $1.4 trillion, which is more than the entire Bitcoin market cap.
For those looking for staking rewards, visit our page on Crypto Staking Platforms.
Key Takeaways Major technology firms including Google, AMD, BYD, and Tesla have approached Samsung Electronics about advanced chip manufacturing as TSMC grapples with capacity limitations. Samsung is in discussions with Google regarding production of future Axion processors and Tensor Processing Units, both slated for approximately 2028. Electric vehicle manufacturer BYD is exploring Samsung’s foundry for next-generation autonomous driving chips. AMD is considering Samsung as a manufacturing partner for upcoming CPU designs. Only three companies—TSMC, Samsung, and Intel—possess the capability to manufacture cutting-edge semiconductors at volume. As artificial intelligence infrastructure demands surge, TSMC’s production capacity for advanced semiconductors is reaching its limits — creating an opportunity for Samsung to capture overflow business.
According to a Wednesday report from Nikkei Asia, Samsung Electronics has experienced an uptick in contract manufacturing requests from prominent global technology companies, including Google, AMD, BYD, and Tesla. The information comes from six sources familiar with the discussions.
Shares of Samsung advanced approximately 1% following the disclosure.
Samsung Electronics Co., Ltd., SMSD.L
TSMC’s manufacturing pipeline is heavily allocated to current clients — including Nvidia, Apple, AMD, Broadcom, Marvell, and MediaTek — creating limited availability for new production commitments in the immediate future. While TSMC has announced capacity expansion initiatives, constructing semiconductor fabrication facilities requires substantial capital investment and multi-year timelines. This bottleneck is prompting certain customers to explore alternative manufacturing partners.
Samsung’s Potential Manufacturing Pipeline Google is reportedly negotiating with Samsung to manufacture its upcoming Axion processor lineup, anticipated to debut around 2028. Additionally, Google is evaluating Samsung’s foundry capabilities for a segment of its Tensor Processing Unit production, the specialized chips powering its AI computing infrastructure, also targeting a 2028 timeframe.
AMD is exploring the possibility of having Samsung produce certain future central processing units. Chinese electric vehicle leader BYD is in conversations regarding manufacturing of its next-wave autonomous driving semiconductor solutions with Samsung. Tesla has also been identified in the report as having initiated inquiries.
It’s important to note these represent preliminary negotiations rather than finalized production agreements.
The Elite Foundry Trio TSMC, Samsung, and Intel currently represent the exclusive group of manufacturers capable of producing state-of-the-art chips at commercial scale. This limited competitive landscape provides all three companies significant positioning power in a marketplace experiencing accelerating AI-driven demand.
Intel has been actively pursuing external foundry customers for its advanced manufacturing capabilities, although its production historically focuses on internal chip designs.
TSMC shares (TSM) declined roughly 3.5% on Wednesday. AMD (AMD) experienced a more significant drop of approximately 7.3%, while Intel (INTC) fell 8.45%. GOOGL registered a modest gain of 1.06%.
Samsung’s foundry division has encountered yield performance and execution difficulties in recent periods, which contributed to some customers migrating to TSMC. The conversion of these preliminary inquiries into confirmed production contracts will hinge on Samsung’s capability to deliver the quality standards and production volumes that customers require.
According to TipRanks, TSMC maintains a Strong Buy consensus rating with an average price target of $465, suggesting approximately 9% upside potential from present levels. TSMC stock has gained roughly 40.7% year-to-date.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
4 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
4 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
4 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
4 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
4 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
The crypto market is witnessing renewed optimism, as the latest 24-hour data points out. Hence, the total crypto market capitalization has surged by 1.75%, reaching $2.24T. In addition to this, the 24-hour crypto volume shows a 31.09%, accounting for $63.82B. At the same time, the Crypto Fear & Greed Index stands at 23 points, indicating “Fear” among the market participants.
Bitcoin ($BTC) Drops by 0.04%, While Ethereum ($ETH) Sees 1.62% Rise Bitcoin ($BTC), the leading cryptocurrency, is currently changing hands at $65,838.45. This price level highlights a modest 0.04% decrease while Bitcoin’s ($BTC) market dominance sits at 58.8%. However, the flagship altcoin, ETH/USDT, is now trading at $1,793.10, presenting a 1.62% rise. In the meantime, the market dominance of Ethereum ($ETH) is 9.3%.
$BPX, $RDNT, and $AZZ Lead Crypto Gainers of Day The list of today’s key crypto gainers includes Black Phoenix ($BPX), Radiant Capital ($RDNT), and Arena-Z ($AZZ). Particularly, $BPX has surged by a staggering $1900.34%, hitting the $0.09142 mark. Following that, a 417.69% jump has placed $RDNT’s price at $0.001757. Subsequently, $AZZ is hovering around $0.00008048 after a 219.58% increase.
DeFi TVL Jumps by 0.80%, and NFT Sales Volume Records 38.0% Spike Today, DeFi TVL has witnessed a 0.80% growth, attaining the $74.623B spot. Additionally, the top DeFi project in terms of TVL, Lido, has hit $16.14B, displaying a 1.20% increase. Nonetheless, when it comes to 1-day TVL change, XY Finance has become the top DeFi player, claiming a stunning 843% surge over the past twenty-four hours.
Similarly, the 24-hour NFT sales volume has jumped by 38.0%, reaching $2,062,096. In the same vein, the top-selling NFT collection, Bored Ape Yacht Club, has climbed by 227.7%, touching $406,304.
GameStop Investor Challenges CEO Pay Vote, US Blocks Chinese AI Firms Moving on, the crypto landscape has also experienced many other crucial developments across the globe over the past 24 hours. In this respect, a GameStop ($GME) investor has filed a lawsuit to block a vote concerning the $35B pay package of the CEO, Ryan Cohen, until the shareholders get adequate disclosures.
What’s more, New York Magazine has disclosed the claim of a fellow inmate who says SBF is planning his exclusive coin after completing his imprisonment period. Furthermore, the US authorities are reportedly holding off on the inclusion of Chinese AI venture DeepSeek and over 100 other entities flagged as posing risks to national security.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
4 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
4 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
4 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
4 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
4 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
Grand Cayman, Cayman Islands, July 9th, 2024, Chainwire
In a step forward for the derivatives ecosystem on Arbitrum, two prominent DeFi projects, GMX and Gains Network, have unveiled bids to integrate their platforms into Kwenta’s upcoming perpetuals marketplace. Kwenta, the leading perpetual futures exchange on Optimism, expanded its reach earlier this year by launching the Base network, reflecting a larger plan to connect derivatives liquidity across multiple chains. This announcement follows the recent approval of a grant from the Arbitrum DAO aimed at supporting Kwenta’s initial expansion to the Arbitrum network.
Product Offerings from GMX and Gains Network Table of Contents
Product Offerings from GMX and Gains NetworkStrengthening the Arbitrum EcosystemLooking AheadAbout KwentaContact GMX and Gains Network have submitted their proposals to integrate their liquidity into Kwenta’s platform. These integrations aim to enhance the trading experience for Kwenta users by providing access to additional markets and liquidity, while taking advantage of Kwenta’s UX-focused roadmap, which includes allowing traders to log in with traditional web2 credentials and sponsoring gasless transactions.
GMX v2, Arbitrum’s flagship perpetual futures AMM (Automated Market Maker), built on the initial success of their v1 product by being the first to integrate Chainlink Data Streams, a low latency product from the leading oracle provider aimed at high-performance applications. The lower fees and wider selection of markets available on GMX v2 allowed the offering to quickly grow in popularity with onchain traders.
Gains Network, known for its gTrade platform, offers a wide variety of trading pairs, including cryptocurrencies, forex, and commodities, supported by their decentralized oracle network. Gains Network’s innovative approach to perpetual futures provides traders access to up to 150x leverage on a growing list of nearly 200 markets.
Strengthening the Arbitrum Ecosystem The integration of GMX and Gains Network into Kwenta’s perpetuals marketplace is expected to drive growth in the onchain perpetuals space by allowing users to easily access advanced DeFi products from Kwenta’s easy-to-use UX layer. While retail-focused applications have made huge steps forward in allowing users to quickly access the best prices for token swaps and bridging, onchain leverage has remained a complex product for more sophisticated DeFi enthusiasts.
This strategic expansion brings Arbitrum’s most popular derivatives trading venues under a single platform, providing a simple and familiar experience for traders new to onchain products. Kwenta’s roadmap promises to build on these quality of life features, allowing users to interact with multiple protocols in a single application.
Looking Ahead Kwenta is currently inviting community feedback on these proposals as it moves towards finalizing its perpetuals marketplace. The potential integrations with GMX and Gains Network align with Kwenta’s mission to provide a superior decentralized trading experience. With these developments, Kwenta is aims to become a leading venue for DeFi derivatives trading on Arbitrum.
About Kwenta Kwenta is an onchain derivatives marketplace on Optimism, Base, and Arbitrum. The platform offers easy-to-use tools to access deep liquidity and low fees onchain, while users retain full custody of their funds. With over $50 billion in trading volume through its community-governed platform, Kwenta is committed to developing tools that bring DeFi to everyone.
For more details, users can follow Kwenta’s governance discussion channels on Discord.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
[PRESS RELEASE – Grand Cayman, Cayman Islands, July 9th, 2024]
In a step forward for the derivatives ecosystem on Arbitrum, two prominent DeFi projects, GMX and Gains Network, have unveiled bids to integrate their platforms into Kwenta’s upcoming perpetuals marketplace. Kwenta, the leading perpetual futures exchange on Optimism, expanded its reach earlier this year by launching the Base network, reflecting a larger plan to connect derivatives liquidity across multiple chains. This announcement follows the recent approval of a grant from the Arbitrum DAO aimed at supporting Kwenta’s initial expansion to the Arbitrum network.
Product Offerings from GMX and Gains Network GMX and Gains Network have submitted their proposals to integrate their liquidity into Kwenta’s platform. These integrations aim to enhance the trading experience for Kwenta users by providing access to additional markets and liquidity, while taking advantage of Kwenta’s UX-focused roadmap, which includes allowing traders to log in with traditional web2 credentials and sponsoring gasless transactions.
GMX v2, Arbitrum’s flagship perpetual futures AMM (Automated Market Maker), built on the initial success of their v1 product by being the first to integrate Chainlink Data Streams, a low latency product from the leading oracle provider aimed at high-performance applications. The lower fees and wider selection of markets available on GMX v2 allowed the offering to quickly grow in popularity with onchain traders.
Gains Network, known for its gTrade platform, offers a wide variety of trading pairs, including cryptocurrencies, forex, and commodities, supported by their decentralized oracle network. Gains Network’s innovative approach to perpetual futures provides traders access to up to 150x leverage on a growing list of nearly 200 markets.
Strengthening the Arbitrum Ecosystem The integration of GMX and Gains Network into Kwenta’s perpetuals marketplace is expected to drive growth in the onchain perpetuals space by allowing users to easily access advanced DeFi products from Kwenta’s easy-to-use UX layer. While retail-focused applications have made huge steps forward in allowing users to quickly access the best prices for token swaps and bridging, onchain leverage has remained a complex product for more sophisticated DeFi enthusiasts.
This strategic expansion brings Arbitrum’s most popular derivatives trading venues under a single platform, providing a simple and familiar experience for traders new to onchain products. Kwenta’s roadmap promises to build on these quality of life features, allowing users to interact with multiple protocols in a single application.
Looking Ahead Kwenta is currently inviting community feedback on these proposals as it moves towards finalizing its perpetuals marketplace. The potential integrations with GMX and Gains Network align with Kwenta’s mission to provide a superior decentralized trading experience. With these developments, Kwenta is aims to become a leading venue for DeFi derivatives trading on Arbitrum.
About Kwenta Kwenta is an onchain derivatives marketplace on Optimism, Base, and Arbitrum. The platform offers easy-to-use tools to access deep liquidity and low fees onchain, while users retain full custody of their funds. With over $50 billion in trading volume through its community-governed platform, Kwenta is committed to developing tools that bring DeFi to everyone.
For more details, users can follow Kwenta’s governance discussion channels on Discord.
