Market Signal Briefing

In brief
AIQuant launched a crypto trading platform with customizable AI agents.
The AI agents trade on Base, Solana, and BNB Chain, removing human emotion from trading.
A native AIQ token will support staking, governance, and future platform features.
AI Quant Labs, an Atlanta-based startup specializing in automated crypto trading, launched its AIQuant platform on Thursday, aiming to tap into a new crop of AI platforms that give crypto investors access to bots that never sleep.

The trading platform allows users to create and deploy autonomous agents across multiple blockchains, marking yet another step in the broader trend of automated tools moving from professional desks to retail investors.

AIQuant is leaning into that shift by promising an “end-to-end” AI trading experience that integrates everything from strategy design to execution.

“AIQuant.fun puts hedge fund-grade tools in the hands of everyday traders,” founder Marlon Williams told Decrypt. “Unlike closed bots, our platform lets anyone create and refine their own autonomous trading strategy without writing code.”

Combining automation, gamification, and community incentives, the startup is betting that traders who may have been hesitant to use trading bots will now give them a chance.

By providing traders with access to AI agents that operate 24/7, AIQuant aims to make high-frequency trading accessible beyond traditional financial institutions. For Williams, the pitch is simple: money never sleeps, and neither should trading.

Traders can develop autonomous agents that analyze real-time data and execute trades according to preset strategies. Unlike human traders, these AI agents operate around the clock, a feature the company says removes emotion from trading and allows for greater consistency.

As Williams explained, AIQuant bots are more than just another ChatGPT knockoff.

“AIQuant.fun agents are not chatbots or image generators, although you can chat to your quant,” he said. “They are trading strategies that process market data and execute logic-based trades, built entirely around performance.”

At launch, AIQuant supports decentralized exchanges on Base, Solana, and BNB Chain, and plans to expand to other blockchains. According to the company, setting up an AI Quant takes just a few clicks, lowering the barrier to entry for beginners while providing tools sophisticated enough for advanced users.

“AIQuant.fun does not run centralized bots. Each strategy operates through audited smart contracts with parameters defined by the creator, limiting exposure,” Williams explained. “Users define assets, position sizes, and risk thresholds in advance. Quants cannot move outside these guardrails, so execution always stays within the limits set by the creator.”

Instead of relying on subscription plans, AIQuant has adopted a one-time “hatching fee” model. Users pay a one-time fee—initially in Ethereum, later in the platform’s AIQ token—to activate their trading agents. Each AIQuant agent includes features such as adaptive stop-loss and take-profit settings, customizable evaluation criteria, and slippage controls.

“As adoption grows, demand for AIQ scales directly with platform usage,” Williams said. “Tokenized quants built on bonding curves will create new mechanics for ownership and liquidity, further deepening AIQ’s role at the center of the ecosystem.”

Later this year, the platform plans to roll out additional features tied to a bonding curve mechanism. That update will introduce a “Core Mode” allowing quants to be tokenized, which the company said adds “gamified experiences.”

Analysts note that while AI-driven strategies can outperform humans under certain conditions, they also raise questions about market stability and fairness. The rise of retail-focused AI-bots could lead to more competition for liquidity on decentralized exchanges, potentially squeezing margins or amplifying sudden price swings.

Despite these concerns, the launch comes amid rapid growth in algorithmic and AI-assisted trading, which is increasingly taking over crypto trading—from autonomous bots in prediction markets to retail tools that analyze data and execute trades in real time.

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Projects built on elizaOS represent over $20 billion in aggregate value.

Key Takeaways

Eliza Labs is migrating from the experimental $ai16z token to the new $elizaOS token powered by Chainlink's CCIP.
$elizaOS enables autonomous AI agents to operate seamlessly across Solana, Base, and Ethereum, supporting a $20B ecosystem.

Eliza Labs, formerly known as ai16z, a top open-source GitHub repository supporting a $20 billion agentic ecosystem, announced on Friday that it is migrating from its experimental $ai16z token to $elizaOS.

Powered by Chainlink’s CCIP, the $elizaOS token enables autonomous AI agents to function seamlessly across networks such as Solana, Base, and Ethereum, eliminating the need for inefficient bridges.

“With elizaOS v2, we’ve moved from an experimental sandbox to production-ready infrastructure for building composable, intelligent agents,” said Shaw Walters, founder of Eliza Labs. “These agents now manage complex workflows, retain context, and operate across multiple platforms. With more than 50,000 agents built and projects using elizaOS surpassing $20 billion in combined value, the ecosystem has outgrown its experimental roots.”

The token is designed to support ecosystem growth through funding liquidity, developer support, and efficient capital movement across markets. It features a structured treasury to maintain stability and resource future initiatives.

$elizaOS serves as the medium of exchange for AI agents executing DeFi operations, with real-world applications already in place.

As noted by the team, the Agent Bond Desk uses $elizaOS to negotiate with users and adjust bond terms based on market conditions, while Spartan, Eliza’s protocol-owned liquidity manager, optimizes positions across chains and autonomously rebalances portfolios.

“These agents are managing real capital today,” Walters explained, “$elizaOS is the functional backbone of an agent-powered economy already in motion.”

The migration portal launches on September 25. Every smart contract will be audited by third-party experts, and the audit findings will be publicly released.

Disclaimer

Ethereum is under pressure after sliding below the $4,200 level, with price now testing the $4,000 support zone. The market is watching closely, as a breakdown here could expose ETH to deeper corrections, while a strong defense may open the door for a rebound. Despite the selling pressure, on-chain signals reveal a strikingly different picture beneath the surface.

Top analyst Darkfost shared data showing that ETH inflows into accumulator addresses are exploding, signaling long-term conviction even as short-term sentiment wavers. Just yesterday, nearly 400,000 ETH were added to these specialized wallets. More notably, on September 18th, Ethereum saw a historic first when 1.2 million ETH were accumulated in a single day — a record for the network.

Ethereum Inflows into Accumulation Addresses | Source: Darkfost
Accumulator addresses are unique in that they only buy ETH and never sell, making them a reliable proxy for long-term holder behavior. Such massive inflows highlight that large players are strategically building positions, likely tied to institutional adoption and the growing demand for ETH ETFs.

Long-Term Conviction Amid Pressure
According to Darkfost, Ethereum’s inflows into accumulator addresses mark one of the most important trends developing beneath the surface of current market volatility. He explains that accumulator addresses are wallets that have made at least two ETH transactions without ever selling a single coin. This behavior makes them reliable indicators of long-term holder conviction, since accumulation, not short-term speculation, drives them.

Darkfost adds that some of these addresses could be linked to institutional entities offering ETH ETFs, which have seen surging demand recently. The scale of these inflows — with nearly 400K ETH added yesterday and a record 1.2M ETH accumulated on September 18th — points to serious players positioning for the long haul.

Still, this comes at a time when Ethereum is facing a critical technical test, hovering around the $4,000 support after losing more than 14% since mid-September. While accumulation shows strong confidence in ETH’s long-term trajectory, the short-term risks remain elevated. Selling pressure, broader market corrections, and macro uncertainty could test investor patience.

Ultimately, Darkfost emphasizes that the coming weeks will be decisive: either ETH bulls hold the line and confirm this accumulation as the foundation for a rebound, or pressure deepens into a more prolonged correction.

Ethereum Price Analysis: Testing $4,000 Support
Ethereum’s chart reveals a decisive breakdown after losing the $4,200 level, with price now testing the $4,000 support zone. This marks a sharp 3.2% decline in the last session, continuing the corrective structure that has been developing since early September.

ETH testing critical demand levels | Source: ETHUSDT chart on TradingView
The price breached the 12H 50 moving average (blue) and the 100 moving average (green), showing weakening bullish momentum. Price is now hovering just above the 12H 200 moving average (red), which sits near $3,800. This zone represents a crucial line of defense for bulls, as a confirmed breakdown could accelerate selling pressure and open the path toward deeper retracements.

Momentum also reflects increasing market fear, as sellers remain in control and meet each bounce attempt with lower highs. Still, holding above $4,000 keeps Ethereum within a potential consolidation range, offering bulls a chance to stabilize before the next move.

If buyers defend this area successfully, ETH could rebound to retest the $4,200–$4,400 resistance range. However, a daily close below $3,950 would likely confirm further downside pressure, exposing $3,800 and possibly $3,600 as the next targets.

Featured image from Dall-E, chart from TradingView

Public companies ramp up digital asset holdings and pursue aggressive Bitcoin accumulation strategies.

Key Takeaways

DDC Enterprise acquired 50 more Bitcoin, raising its total to 1,058 BTC.
The company's position is 45th on the Bitcoin 100 Ranking.

DDC Enterprise, a US-based public company, acquired 50 more Bitcoin today, bringing its total holdings to 1,058 BTC and strengthening its position to 45th on the Bitcoin 100 Ranking.

The company has rapidly expanded its Bitcoin treasury since May 2025, achieving a 1,798% yield on its strategy by early September. DDC Enterprise aims to reach 10,000 BTC by the end of 2025 as part of its treasury accumulation plan.

Corporate Bitcoin adoption has accelerated in recent weeks, with at least five companies adding over 100 BTC each in the week leading up to September 25. Public companies collectively hold over 1 million BTC, with top corporate holder Strategy exceeding 639,000 BTC as of late September 2025.

Disclaimer

5 minutes ago

PayPal has teamed up with Spark to boost PYUSD liquidity, with deposits already topping $135 million on the decentralized finance (DeFi) lending protocol.

46

PayPal has partnered with decentralized finance (DeFi) protocol Spark to expand liquidity for its US dollar stablecoin, PayPal USD (PYUSD). 

PayPal's stablecoin has attracted more than $135 million in deposits since its August listing on SparkLend, a lending market focused on stablecoins, according to a Thursday statement.

SparkLend was launched in 2023 out of the MakerDAO ecosystem and later integrated into Maker’s successor entity, Sky. It runs the Spark Liquidity Layer, which is backed by more than $8 billion in stablecoin reserves, according to the protocol.

Staked stablecoins on Sparklend protocol. Source: DeFiLlama
Sam MacPherson, co-founder and CEO of Phoenix Labs, a core contributor to Spark, told Cointelegraph that PayPal chose Spark because it “is the only at-scale DeFi protocol that can actively deploy capital into other protocols.” He added:

“DeFi will be the rails for all finance in the future, so focusing on that makes a lot of sense as there is massive growth potential.”Spark is a non-custodial lending protocol where users deposit stablecoins into Spark Savings and receive non-rebasing yield tokens. According to Messari, these tokens maintain a fixed balance but grow in value over time, with yields set by Sky governance and funded through protocol revenues.

PYUSD was added to SparkLend after passing the protocol’s risk assessments.  

Stablecoin market nears $300 billion With Europe’s Markets in Crypto-Assets Regulation (MiCA) taking effect in January and US passage of stablecoin regulation with the Genius Act in July, the stablecoin market has been surging.

DefiLlama data shows the stablecoin market capitalization is nearing $300 billion, up over $90 billion since the start of the year.

Total Stablecoins Market Cap. Source: DefiLlama Overall stablecoin growth has been matched by rising demand for yield-bearing stablecoins. Ethena’s USDe and Sky’s USDS have seen strong momentum, with USDe’s supply growing 70% and USDS expanding by 23% since July 18, when the Genius Act was signed into law.

In August, Coinbase revived its Stablecoin Bootstrap Fund to inject liquidity for USDC across DeFi platforms, including Aave and Morpho — though the exchange did not disclose the size of the fund.

A Binance Research report shared with Cointelegraph in September noted that as stablecoin adoption accelerates, “DeFi lending protocols are increasingly positioned to facilitate institutional participation.”

DeFi lending markets expanded by more than 70% year to date in September, with institutional demand cited as a key driver.

DeFi lending protocols, TVL, year-to-date chart. Source: Binance ResearchThe shift toward stablecoins that generate yield has been described as “stablecoin 2.0.” While “first-generation” tokens like Tether’s USDt (USDT) focused on digitizing the US dollar and putting it onchain, a “second generation” of stablecoins is seeking to create new utility by generating yield alongside liquidity.

Magazine: How Ethereum treasury companies could spark ‘DeFi Summer 2.0’

Bitcoin just slipped under $111,000, raising fears of a deeper correction. Will BTC rebound from support, or is a crash below $110,000 looming?

TL;DR

Equity Tokenization: SharpLink will tokenize its Nasdaq-listed SBET shares on Ethereum via Superstate’s Opening Bell platform, becoming the first public company to do so.
DeFi Integration: The partnership explores compliant trading of tokenized equities on Automated Market Makers and other decentralized finance protocols.
Ethereum Strategy: With over 838,000 ETH in reserves, SharpLink strengthens its role as a major corporate holder while advancing Ethereum adoption in capital markets.

SharpLink Gaming, Inc. has announced a landmark move to tokenize its Nasdaq-listed common stock, SBET, directly on the Ethereum blockchain. Partnering with financial technology firm Superstate, the company will leverage the Opening Bell platform to issue SEC-registered equity on-chain, positioning itself as the first public company to natively bring its shares to Ethereum. The initiative underscores SharpLink’s dual mission of expanding Ethereum adoption and modernizing capital markets through compliant tokenized securities.

First Public Company to Tokenize Equity on Ethereum
SharpLink’s collaboration with Superstate marks a milestone in blockchain-based finance. By appointing Superstate as its Digital Transfer Agent, the company will enable SBET shares to exist as fully compliant, legally equivalent equity on Ethereum. This development allows shareholders to hold their stock in self-custodied wallets, integrate with digital financial products, and access global investor segments. Superstate CEO Robert Leshner emphasized the significance of onboarding traditional finance to Ethereum through this partnership.

Driving Market Efficiency and Shareholder Value
According to SharpLink co-CEO Joseph Chalom, tokenizing equity on Ethereum is more than a technological step; it signals the company’s vision for the future of global capital markets. The move is designed to enhance liquidity, improve efficiency, and create new opportunities for investor engagement. Joseph Lubin, SharpLink’s Chairman and co-founder of Ethereum, highlighted that the initiative builds on the company’s earlier role as a pioneer in adopting Ether as a treasury reserve, reinforcing its conviction in Ethereum as the foundation of next-generation financial infrastructure.

Exploring DeFi and Automated Market Makers
Beyond tokenization, SharpLink and Superstate plan to explore how tokenized equities could trade on Automated Market Makers (AMMs) and other DeFi protocols. AMMs use smart contracts and liquidity pools to enable trading without traditional intermediaries. If successful, this could redefine secondary market structures by allowing compliant tokenized securities to circulate seamlessly within DeFi ecosystems. The effort aligns with the SEC’s Project Crypto agenda, which seeks to modernize U.S. securities regulation for blockchain-based markets.

Ethereum Treasury and Strategic Positioning
SharpLink has rapidly established itself as one of the largest corporate holders of Ether, accumulating more than 838,000 ETH since launching its treasury strategy in June 2025. The company has also generated thousands of ETH in staking rewards, further strengthening its balance sheet.

By combining its treasury strategy with tokenized equity issuance, SharpLink is positioning itself at the forefront of blockchain-integrated capital markets, aiming to bridge traditional finance with Ethereum’s decentralized infrastructure.

Anchorage Digital Bank is ramping up hiring as it prepares to more than double its stablecoin unit. The federally chartered crypto-native bank plans to expand its current 20-person stablecoin team over the next 12 months as demand for crypto dollars explodes in the U.S., and as new federal legislation clears the way for larger stablecoin operations.

Anchorage’s CEO, Nathan McCauley, confirmed the hiring in an interview, tying it directly to new regulations and Anchorage’s role in a major new stablecoin launch with Tether.

Nathan said Anchorage’s license, granted by the federal government, allows it to issue large-scale stablecoins in the U.S. under the Genius Act, which became law in July. This makes Anchorage the legal issuer of USAT, a new stablecoin designed to meet all U.S. regulatory requirements.

The coin will be built in partnership with Tether Holdings SA, the firm behind the world’s largest stablecoin USDT, which currently has a circulation of $169 billion. USAT will use Tether’s tokenization tech, called Hadron, rather than Anchorage’s infrastructure. Cantor Fitzgerald LP will manage the reserves for the new coin. USAT is expected to go live before the end of the year.

Anchorage builds out staff as USAT launch nears
Nathan said the partnership with Tether has been in motion for over a year. Anchorage began discussions with Tether around the same time lawmakers in Washington started drafting the Genius Act. “As Genius was getting drafted and passed, it was pretty clear to many in Washington that in many ways, the whole point of Genius was to think about what to do about Tether,” Nathan said.

The law splits stablecoin oversight between federal and state regulators, based on the size of the coin. Stablecoins with more than $10 billion in circulation must register at the federal level, while smaller ones fall under state rules. USAT aims to cross that $10 billion line, placing it directly under federal supervision and giving Anchorage a rare opportunity to operate on that scale.

The hiring spree isn’t just about headcount. Anchorage’s stablecoin team will handle compliance, legal operations, and business development tied to USAT. Nathan said distribution will start on Rumble Inc., a video-sharing site backed by Tether, but Anchorage is also targeting larger institutions for broader use. The goal is to get USAT circulating quickly and legally across multiple sectors.

Stablecoin use has exploded in recent years. What used to be a niche tool for crypto traders is now pushing toward mainstream payments. DefiLlama shows the total market nearing $300 billion. And Bloomberg Intelligence expects stablecoins to move more than $50 trillion in annual payment volume by 2030. That’s about 17% of all global consumer transactions, up from under 1% today.

Tether is also in talks to raise $20 billion through a private placement, as it seeks a $500 billion valuation, as Cryptopolitan reported.

Crypto firms race to hire amid xAI competition
Anchorage’s expansion is part of a bigger hiring war across crypto, finance, and xAI. Firms are fighting over a limited pool of engineers and legal pros who understand how stablecoins work inside both crypto and banking.

Marieke Flament, a former exec at Circle Internet Group, said she gets hit up three times a week by banks and even government offices asking for stablecoin help. “The talent pool is not really big, because even within the crypto industry there’s not that many people who’ve done stablecoins or worked in traditional finance,” Marieke said.

The scramble has pushed salaries higher. While the pay still lags behind private equity and hedge funds, it now lines up with managing director roles in corporate banking. That’s a big shift in less than two years. Stablecoin jobs used to sit on the fringes of finance. Now they’re locked in as standard roles at major firms.

The xAI boom is making things worse for hiring managers. AI companies are poaching crypto developers by offering token-based bonuses, high salaries, and perks. Firms like Anchorage now face pressure not just from each other, but from every sector trying to scale with blockchain tech.

Everyone wants the same few people, and time is short. If firms want to ride the stablecoin wave, they need staff ready now, not two years from now.

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In brief
Bitcoin was trading at $111,336, down 1.8% daily and 5.4% weekly, as investors awaited tomorrow's PCE inflation data release.
Of prediction market users, 61% expect BTC to drop to $105,000 before reaching new highs, with selling pressure between $115,000-$119,000.
Fed rate cut odds stand at 83.4% for next month's meeting, but higher inflation could signal more hawkish policy and pressure crypto markets.
Bitcoin has been hovering above$111,000  a day ahead of new U.S. inflation data that will play a big role in determining whether the Federal Open Markets Committee lowers interest rates for a second time  in 2025.

Three analysts with whom Decrypt spoke differ about how the largest asset by market capitalization might respond. 

Bitcoin was recently changing hands at $111,336, down 1.8% over the past 24 hours and 5.4% since this time last week, according to crypto price aggregator CoinGecko.

The BTC price malaise has made users of Myriad, a prediction market owned by Decrypt parent company Dastan, doubt that the world’s oldest cryptocurrency will see $125,000 any time soon. As of Thursday morning, 61% of users think BTC will drop to $105,000 before it approaches an all-time high.

“Tomorrow’s PCE print is important because it is the Fed’s inflation gauge, and crypto traders should watch for any deviation from the expected 2.7-2.9% year-over-year reading,” Jake Kennis, a senior research analyst at Nansen, told Decrypt. “Higher-than-expected inflation could signal more hawkish Fed policy and risk-off sentiment that typically pressures crypto markets.”

A cooler-than-expected inflation reading, however, could lead to another interest rate cut,which would likely spring Bitcoin and the rest of the crypto market from its recent holding pattern, Kennis added.

Economists have been forecasting that the Bureau of Labor Statistics’ core personal consumption expenditures will arrive on the higher end of that range, at 2.99%, according to recent estimates from the Federal Reserve Bank of Cleveland.

At the time of writing, investors think there’s an 83.4% chance the Fed will lower interest rates at its FOMC meeting next month, according to the CME FedWatch Tool. That means the odds that the Fed will leave rates unchanged has doubled in the past week, going from 8.1% to 16.6% at the time of writing.

“Interesting that the market seems to be expecting a high number, but digital assets have come under pressure,” John Glover, chief investment officer at Bitcoin lender Ledn, told Decrypt.

Falling sentiment—and prices—in crypto markets has already led to a few big waves of liquidations in the past week.

“It does seem to be a clear out of weak longs,” he said, alluding to the healthy market reset seen in the past week. “But there seems to be a lot of selling pressure between $115,000 and $119,000, so we may be seeing some people taking profits who believe we have reached the end of the bull run.”

Glover added he thinks the PCE print could turn into a “non-event” unless the actual number surprises on either side of forecasts.

Dom Harz, co-founder of Bitcoin DeFi project BOB, told Decrypt the picture for BTC is more encouraging if you zoom out.

“As we come to the end of Q3 2025, Bitcoin’s stability above $110,000 isn’t just a milestone for its price, but the crystallisation of institutional trust in the digital asset,” he said.

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The US crypto ETF market is bracing for a decisive stretch after the SEC’s approval of “generic listing standards” last week opened a streamlined path for spot XRP and Solana ETFs—alongside products beyond bitcoin and ether. With exchanges now able to list qualifying commodity-based ETPs without a bespoke 19b-4 approval, applicants for spot XRP and Solana funds are rushing to lodge final amendments—filings that several industry participants say are already substantially baked.

Countdown To Launch For Spot XRP And Solana ETFs
On September 24, ETF Store president Nate Geraci signaled the inflection point in a series of posts on X. “Final wave of amendments could be filed by end of this week on various spot crypto ETFs incl xrp & sol,” he wrote, adding that “those filings are pretty far along in the review process” and that the “countdown to launch is on,” citing a Reuters report on the SEC’s new framework.

Here we go…

Hashdex Nasdaq Crypto Index US ETF *approved* under SEC’s new generic listing standards.

Will now be able to own crypto assets beyond btc & eth.

Looks like xrp, sol, & xlm. pic.twitter.com/OyZO9MLnMx

— Nate Geraci (@NateGeraci) September 25, 2025

In a separate post, Geraci flagged the Hashdex Nasdaq Crypto Index US ETF: “Here we go…Hashdex Nasdaq Crypto Index US ETF *approved* under SEC’s new generic listing standards. Will now be able to own crypto assets beyond btc & eth. Looks like xrp, sol, & xlm.”

Reuters, which first detailed the regulator’s accelerated pathway on Sept. 18 and followed up on Sept. 24, reported that, since the SEC initially floated the rules in July, issuers have “scrambled to update their new product filings and respond to specific comments and questions from the SEC.” A “final wave of amendments could be filed by the end of this week,” three people familiar with the matter told the wire service. “Those filings are pretty far along in the review process,” Bitwise president Teddy Fusaro said. “These are the rules we had been anticipating.”

The rule change is foundational. By blessing generic listing standards at NYSE Arca, Nasdaq and Cboe BZX, the Commission shifted spot-crypto ETF approvals from an adjudicative, proposal-by-proposal slog to a rules-based regime. In the SEC’s own words, exchanges may now list Commodity-Based Trust Shares that meet the criteria “without first submitting a proposed rule change” to the Commission—compressing timelines to roughly 75 days in straightforward cases and removing duplicative reviews that historically bottlenecked non-BTC/ETH products.

For XRP in particular, a compressed and crowded calendar now looms. The SEC’s final deadlines line up across seven days in October: Grayscale on Oct. 18, 21Shares on Oct. 19, Bitwise on Oct. 20, CoinShares and Canary Capital on Oct. 23–24, and WisdomTree on Oct. 24–25.

Solana sits in the same slipstream. According to Galaxy Digital Research, Solana is the leading candidate for the first-wave approvals under the generic regime, reflecting the maturity of filings and the exchanges’ preparedness to list them. Issuers including Bitwise and 21Shares have spent the summer revising staking, custody and in-kind transfer language to fit within the exchanges’ rulebooks and the SEC’s evolving expectations.

At press time, XRP traded at $2.84.

XRP faces downward pressure, 1-day chart | Source: XRPUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

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Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

Altcoin Season has favored focused rotations over broad rallies, concentrating on privacy, payments, and exchange access. Zcash has risen on renewed attention to shielded transfers, XRP has drawn payments sentiment and legal developments, and Avantis has jumped after listings across major venues.

Bitcoin (CRYPTO: BTC) is down to $111,000 as debates intensify about whether this downtrend is the start of a bear market or a dip in an uptrend. What Happened: Popular trader Ansem urged investors to stack BTC aggressively if prices dip below $100,000 next year or at the start of 2026, with an exit window targeted for 2028.

TL;DR

Capital Group has become the largest shareholder of Japan’s Metaplanet with an 11.45% stake worth nearly $500 million, solidifying its indirect exposure to Bitcoin.
Metaplanet now holds over 25,500 BTC, ranking as the fifth-largest corporate holder globally, trailing only giants like MicroStrategy.
The Tokyo-listed firm’s ambitious treasury plan and bold capital-raising strategies have positioned it as a trailblazer for corporate Bitcoin adoption across Asia.

Capital Group’s entry as Metaplanet’s top shareholder marks a new chapter for both firms. The $2.6 trillion asset manager, long regarded for its conservative approach, now indirectly holds significant Bitcoin exposure through this Japanese corporation. The move reflects a broader institutional trend of seeking equity-based pathways into digital assets without the complexities of direct coin custody.

Founded in 1931, Capital Group has been a cornerstone of traditional finance, managing American Funds and serving global institutional investors. Under portfolio manager Mark Casey, the firm has steadily expanded into crypto-related investments, growing from $1 billion to over $6 billion in just a few years. By surpassing National Financial Services to become Metaplanet’s largest investor, Capital Group has underscored its confidence in Bitcoin as a treasury reserve asset.

Wall Street Giant Deepens Crypto Exposure
Metaplanet, once a struggling hotel operator, has reinvented itself as Asia’s most aggressive Bitcoin treasury company under CEO Simon Gerovich. The firm boosted its holdings from 4,525 BTC in April to 25,555 BTC today, worth about $2.71 billion. Its bold “555 Million Plan” seeks to accumulate 210,000 BTC by 2027, a target representing 1% of Bitcoin’s capped supply.

The company’s transformation has been dramatic. In 2024, its stock became the best performer among Japan’s 55,000 listed firms, fueled by a 395% yield on Bitcoin. Yet volatility remains. Shares have fallen 54% since June despite Bitcoin’s slight rise, raising questions about the sustainability of its financing structure. Still, its Bitcoin options trading business generated strong Q2 profits, helping offset treasury risks.

Traditional Finance Aligns With Corporate Bitcoin Treasuries
Capital Group’s move reflects growing acceptance of Bitcoin as a strategic corporate asset. Over 190 listed companies worldwide now hold BTC, with combined reserves surpassing $115 billion. Japan’s pending tax reforms, which may lower corporate crypto capital gains from 55% to 20%, are expected to accelerate this trend further.

Metaplanet’s pivot from hospitality to digital assets has become a model for emerging markets. Its international profile continues to expand through partnerships and high-profile endorsements, including Eric Trump joining its advisory board earlier this year. For Capital Group, the investment provides a calculated balance of innovation and caution, positioning it to benefit from Bitcoin’s long-term adoption while minimizing operational complexities tied to direct holdings.

Key Takeaways
Foreign investors are giving China-based company stocks a boost amid growing conviction regarding the country's AI capabilities."If you were not early in the U.S., perhaps there's another way to play this growing AI theme," says Rene Rayna, head of thematic and specialty product strategy at Invesco.

As the U.S. wrestles China for AI dominance, investors are playing both sides.

Chinese stocks have seen a big boost this quarter, extending year-to-date returns amid improving sentiment around the U.S.-China trade talks and higher conviction arounds its capabilities in artificial intelligence. The Shanghai Composite and CSI 300 are up 18% and 20% year-to-date, compared to 13% for the S&P 500, the U.S. benchmark.

Much of the action in China has been driven by Chinese money, but foreign investors are also buying in. Invesco's Golden Dragon ETF (PGJ), which tracks an index of U.S. exchange-listed shares of China-based companies, is up more than 29%, while the Invesco China Technology ETF (CQQQ) is up more than 51% over the same period. Global hedge funds in August logged their strongest month of investment in Chinese companies in six months, according to Morgan Stanley.

Some of the demand may have been driven by investors seeking out ways to play the AI theme at comparatively low prices. The MSCI China Index traded at 12 times projected earnings, compared to the S&P 500's 23 through the end of August.

Why This Matters to Investors
The AI trade remains a powerful driver of gains for U.S. investors, and much of that has meant rising shares of American companies such as Nvidia. But the recent surge in Chinese shares has lured investors to reach across borders for thematic plays in markets where valuations can seem relatively attractive.

"If you were not early in the U.S., perhaps there's another way to play this growing AI theme in an area where, from a valuation perspective, they look a little bit more attractive," said Rene Reyna, head of thematic and specialty product strategy at Invesco, in an interview with Investopedia.

The degree of the effect Chinese competition could have in the AI race was illustrated in January when a startup called DeepSeek unveiled a model that appeared to rival OpenAI's and Google's (GOOGL). The news sank domestic AI stocks.

AI plays in the U.S. have since bounced back, but Chinese conglomerates including Alibaba (BABA) and Baidu (BIDU) have leapfrogged them as they revealed in-house development of AI chips and ramped up related spending plans. The ADRs of Alibaba and Baidu have run up more than 100% and 60% so far this year, respectively, compared to Nvidia's 26% gain and Microsoft's (MSFT) 21%.

China's ban on Nvidia chips has fueled concerns that the U.S. had underestimated the country's capabilities and overestimated the efficacy of blocks put in place to keep U.S. tech from reaching its shores. Whether China is "posturing" or means it when they effectively say "We don't need you" to U.S. tech suppliers remains an outstanding question, Reyna said. (That said, Alibaba recently announced a partnership with Nvidia to build out its AI capabilities.)

Appaloosa Management, the hedge fund run by David Tepper, has trimmed its China stock holdings since late 2024 when the veteran investor said it was time to "buy everything" there; the firm has existing positions in Alibaba, JD.com (JD), PD Holdings (PDD), and Baidu, according to a regulatory filing.

Tepper in an interview with CNBC last week said that while market valuations make it difficult to make stock recommendations without caveats, "you've had movement in that market because people are realizing you have the same sort of AI things there" as in the U.S.

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Key Takeaways Enbridge has C$32B in secured projects across pipelines, gas, renewables and storage.These projects aim to generate additional cash flows supporting dividend payments.ENB stock is up 30.2% in a year, outpacing the industry's 28.7% improvement.
Enbridge Inc. (ENB - Free Report) is a leading midstream energy player that generates stable fee-based revenues. Due to the very nature of the business model, the company is not vulnerable to the volatility in oil and natural gas prices.

ENB is also well-positioned to generate incremental cash flows for shareholders. This fact is getting reflected in the midstream giant’s C$32 billion in secured capital projects. This includes projects related to liquid pipelines, gas transmissions, renewables and gas distribution & storage.

Once the projects come online, ENB will generate additional cash flows to support shareholders’ dividend payments. In fact, Enbridge has been rewarding shareholders with dividend hikes for 30 consecutive years.

EPD & WMB Also Boast Stable Cash FlowsEnterprise Products Partners LP (EPD - Free Report) and Williams (WMB - Free Report) are also midstream energy giants like ENB.

EPD has more than 50,000 miles of pipeline network transporting oil, gas, refined products and other commodities. EPD also has a liquid storage facility of more than 300,000 barrels. Thus, from the assets, the partnership generates stable fees, thereby generating stable cash flows for unitholders. 

Williams is also a leading midstream energy player and is well-positioned to capitalize on clean energy demand. This is because, with its pipeline network spanning 33,000 miles, WMB is responsible for the transportation of significant natural gas volumes produced in the United States. Thus, WMB also generates stable cash flows for shareholders.

ENB’s Price Performance, Valuation & EstimatesShares of ENB have jumped 30.2% over the past year compared with the 28.7% improvement of the composite stocks belonging to the industry.

Image Source: Zacks Investment Research

From a valuation standpoint, ENB trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 15.81X. This is above the broader industry average of 14.26X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for ENB’s 2025 earnings hasn’t seen any revisions over the past 30 days.

Image Source: Zacks Investment Research

Enbridge stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

NEW ORLEANS, Sept. 25, 2025 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 21, 2025 to file lead plaintiff applications in a securities class action lawsuit against C3.ai, Inc. (“C3” or the “Company”) (NYSE: AI), if they purchased the Company’s securities between February 26, 2025 to August 8, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of California.

Get Help

C3 investors should visit us at https://claimsfiler.com/cases/nyse-ai-2/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

C3 and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On August 8, 2025, the Company disclosed disappointing preliminary financial results for 1Q 2026 and reduced its revenue guidance for the full fiscal year 2026, attributing its poor sales results and lowered guidance to “the reorganization with new leadership” as well as the health ailments of its Chief Executive Officer.

On this news, the price of C3’s shares fell from a closing price of $22.13 per share on August 8, 2025 to $16.47 per share on August 11, 2025, a decline of about 25.58%.  

The case is John Liggett Sr. v. C3.ai, Inc., et al., No. 25-cv-07129.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of OXLC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

NEW ORLEANS, Sept. 25, 2025 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 20, 2025 to file lead plaintiff applications in a securities class action lawsuit against Snap Inc. (NYSE: SNAP), if they purchased the Company’s securities between April 29, 2025 to August 5, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Central District of California.

Get Help

Snap investors should visit us at https://claimsfiler.com/cases/nyse-snap-2/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

Snap and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On August 5, 2025, the Company announced its financial results for the second quarter of fiscal 2025, disclosing a deceleration in advertising revenue growth due to “an issue related to our ad platform, the timing of Ramadan and the effects of the de minimis changes.”

On this news, the price of Snap’s shares fell from a closing price of $9.39 per share on August 5, 2025 to $7.78 per share on August 6, 2025, a decline of about 17.15% in the span of just a single day.  

The case is Abdul-Hameed v. Snap, Inc., et al., No. 25-cv-07844.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

What Wall Street Thinks About the Stock Wall Street analysts remain bullish on Royal Caribbean Group, with a consensus “Outperform” rating (1.73 on a 1-5 scale, where 1 is Strong Buy and 5 is Strong Sell).

Rising inflation combined with big deficit spending favors real assets and, in particular, oil prices and the energy sector. Dynamics suggest we are looking at a multi-year upcycle for oilfield services industry (OIH). On top of the positive environment, valuation ratios are low and offer a significant expansion of multiples.

NEW ORLEANS, Sept. 25, 2025 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 13, 2025 to file lead plaintiff applications in a securities class action lawsuit against KinderCare Learning Companies, Inc. (NYSE: KLC), if they purchased the Company’s shares pursuant and/or traceable to the Company’s October 2024 initial public offering (the “IPO”). This action is pending in the United States District Court for the District of Oregon.

Get Help

KinderCare investors should visit us at https://claimsfiler.com/cases/nyse-klc/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

KinderCare and certain of its executives and others are charged with failing to disclose material information in its IPO Registration Statement and Prospectus (collectively, the “Offering Documents”), violating federal securities laws.

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) numerous incidents of child abuse, neglect, and harm had occurred at KinderCare facilities; (ii) the Company did not provide the “highest quality care possible” at its facilities, and, indeed, in numerous instances had failed to provide even basic care, meet minimum standards in the child care industry, or comply with the laws and regulations governing the care of children; and (iii) as a result, the Company was exposed to a material, undisclosed risk of lawsuits, adverse regulatory action, negative publicity, reputational damage, and business loss.

The case is Gollapalli v. KinderCare Learning Companies, Inc., No. 25-cv-01424.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

Yara International remains a top pick in fertilizers, with a revised price target of 380 NOK and a continued 'Buy' rating. 2Q25 results showed a 27% YoY EBITDA increase, record-high production, and strong cost reductions, supporting robust 2025E EPS growth. YARIY stands out for its operational safety, Norwegian state backing, and global reach, despite a low yield below 1.5%.

Flow Traders 3Q 2025 Pre-Close Call

Amsterdam, the Netherlands - Flow Traders Ltd. (Euronext: FLOW) publishes the 3Q 2025 pre-close call script to be used with analysts post the market close on 25 September 2025.

Welcome to the Flow Traders 3Q 2025 pre-close call, which is being conducted post the European market close on 25 September. During this call I will highlight relevant publicly available data and industry trends in our markets as well as previously published data by Flow Traders and relate these data points to their impact on our business for the quarter. The silent period for the third quarter begins on 1 October and we will publish our 3Q 2025 results on 30 October at 07:30 CET.

Market Environment

Market trading volumes and volatility in the third quarter across most asset classes and regions were relatively flat to slightly higher year-on-year but meaningfully lower quarter-on-quarter. In Equity, market trading volumes and volatility in the quarter were flat to slightly up across most regions when compared to the same period a year ago but declined meaningfully when compared to the second quarter. Within Fixed Income, market trading volumes also saw flat to slight increases when compared to the same period a year ago but meaningful declines compared to the second quarter, with volatility levels declining meaningfully both year-on-year and quarter-on-quarter. In Digital Assets, trading volumes increased compared to the same period a year ago as well as compared to the second quarter. However, volatility declined meaningfully both year-on-year and quarter-on-quarter.

Diving deeper into each of the asset classes and regions:

Equity

In Equity, European exchange operators Euronext, Deutsche Börse and the London Stock Exchange saw flat to slightly higher trading volumes in the third quarter when compared to the same period a year ago, but meaningful declines when compared to the second quarter. Similarly, average volatility was relatively flat year-on-year but declined meaningfully quarter-on-quarter.

In the Americas, volumes on both the Nasdaq and NYSE also increased year-on-year but declined quarter-on-quarter. Average volatility declined both year-on-year and quarter-on-quarter.

In APAC, volume trends were mixed as the Hong Kong and Shanghai Stock Exchange saw increases both year-on-year and quarter-on-quarter, while the Tokyo Stock Exchange saw declines both year-on-year and quarter-on-quarter. Average volatility in Hong Kong and Tokyo declined both year-on-year and quarter-on-quarter, with the opposite in Shanghai.

FICC

In Fixed Income, market trading volumes were similar to Equity with flat to slight increases in the quarter across most products on Tradeweb and MarketAxess when compared to the same period a year ago, but meaningful declines when compared to the second quarter. Average volatility was relatively flat year-on-year but decreased meaningfully quarter-on-quarter.

Within Digital Assets, trading volumes in Bitcoin, the barometer of the industry, increased both year-on-year and quarter-on-quarter. However, Bitcoin volatility declined meaningfully both year-on-year and quarter-on-quarter.

ETP Market Volumes

As per Flow Traders’ previously published August ETP Market Statistics, quarter-to-date, On and Off Exchange Value Traded was up 9% year-on-year in EMEA, up 23% in the Americas, up 125% in APAC, and up 36% globally. Average volatility, as indicated by the VIX, was down 4% quarter-to-date compared to the same period a year ago.

When compared to the second quarter, quarter-to-date, On and Off Exchange Value Traded was down 27% year-on-year in EMEA, down 14% in the Americas, up 48% in APAC, and down 6% globally. Average volatility declined by 39%.

Impact on Flow Traders

Coming to Flow Traders’ third quarter performance, the decline in market trading volumes and volatility in the quarter significantly impacted NTI negatively across all regions when compared to both the same period a year ago as well as the second quarter. On the cost front, Fixed Operating Expenses in the quarter were in-line with our previous guidance.

Contact Details

Flow Traders Ltd.

Eric Pan
Phone:         +31 20 7996799
Email:                [email protected]

About Flow Traders

Flow Traders is a leading trading firm providing liquidity in multiple asset classes, covering all major exchanges. Founded in 2004, Flow Traders is a leading global ETP market marker and has leveraged its expertise in trading European equity ETPs to expand into fixed income, commodities, digital assets and FX globally. Flow Traders’ role in financial markets is to ensure the availability of liquidity and enabling investors to continue to buy or sell financial instruments under all market circumstances, thereby ensuring markets remain resilient and continue to function in an orderly manner. In addition to its trading activities, Flow Traders has established a strategic investment unit focused on fostering market innovation and aligned with our mission to bring greater transparency and efficiency to the financial ecosystem. With over two decades of experience, we have built a team of over 600 talented professionals, located globally, contributing to the firm's entrepreneurial culture and delivering the company's mission.

Important Legal Information

This publication is prepared by Flow Traders Ltd. and is for information purposes only. It is not a recommendation to engage in investment activities and you must not rely on the content of this document when making any investment decisions. The information in this publication does not constitute legal, tax, or investment advice and is not to be regarded as investor marketing or marketing of any security or financial instrument, or as an offer to buy or sell, or as a solicitation of any offer to buy or sell, securities or financial instruments.

The information and materials contained in this publication are provided ‘as is’ and Flow Traders Ltd. or any of its affiliates (“Flow Traders”) do not warrant the accuracy, adequacy or completeness of the information and materials and expressly disclaim liability for any errors or omissions. This publication is not intended to be, and shall not constitute in any way a binding or legal agreement, or impose any legal obligation on Flow Traders. All intellectual property rights, including trademarks, are those of their respective owners. All rights reserved. All proprietary rights and interest in or connected with this publication shall vest in Flow Traders. No part of it may be redistributed or reproduced without the prior written permission of Flow Traders.

Flow Traders expressly disclaims any obligation or undertaking to update, review or revise any statements contained in this publication to reflect any change in events, conditions or circumstances on which such statements are based. Unless the source is otherwise stated, the market, economic and industry data in this publication constitute the estimates of our management, using underlying data from independent third parties. We have obtained market data and certain industry forecasts used in this publication from internal surveys, reports and studies, where appropriate, as well as market research, publicly available information and industry publications. The third party sources we have used generally state that the information they contain has been obtained from sources believed to be reliable but that the accuracy and completeness of such information is not guaranteed and that the projections they contain are based on a number of assumptions.

By accepting this publication you agree to the terms set out above. If you do not agree with the terms set out above please notify [email protected] immediately and delete or destroy this publication.

Market Abuse Regulation

This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

3Q25 Pre-close call

Saga plc (OTCPK:SGPLF) Q2 2026 Earnings Call September 25, 2025 4:30 AM EDT

Company Participants

Michael Hazell - Group CEO & Director
Mark Watkins - Group CFO & Director
Sharnj Sandhu

Presentation

Unknown Executive

Good morning, ladies and gentlemen, and welcome to the Saga plc investor presentation [Operator Instructions] The company may not be in a position to answer every question received in the meeting itself, however, the company can review all questions submitted today, and we'll publish those responses where it's appropriate to do so on the Investor Meet Company platform. Before we begin, we would just like to submit the following poll. And if you could give that your kind attention, I'm sure the company would be most grateful. And I would now like to hand you over to the executive management team from Saga plc. Mike, good morning, sir.

Michael Hazell
Group CEO & Director

Good morning, everybody, and welcome to Saga's results for the 6 months ended 31st of July 2025. My name is Mike Hazell, and I'm the Group CEO, and I'm joined today by our Group CFO, Mark Watkins. I'll kick off with a quick overview of our first half performance, and then Mark will take you through the financials in a bit more detail. I'll then provide you with a brief update on our strategy before we leave time for questions.

So I'm pleased to report that we've had a strong first half with the performance ahead of our expectations. We've seen first half revenues increase, profits perform ahead of our expectations and a significant reduction in net debt. Underpinning this performance was the continued momentum that we're seeing in travel. Alongside a strong trading performance, we've also continued to deliver the strategic actions that we previously laid out. We completed our refinancing in February, putting in place a new 2031

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in VOR over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.