Market Signal Briefing

SummaryCompaniesCoty's mass cosmetics brands face tough competitionPrivate equity firms seen as potential buyers of some brandsCoty's fragrance unit growing, but relies on expiring licencesLONDON/PARIS, Oct 3 (Reuters) - Ageing brands and declining sales could make Coty's makeup business a hard sell, raising the prospect of piecemeal deals or lower than expected proceeds that might complicate the group's plans to cut debt and invest in growth.

Coty said on Tuesday it had launched a review of its mass-market Consumer Beauty business, a prelude to a possible sale or spinoff of some brands in a bid to cut debt, reverse shrinking cash flow, and focus on more profitable fragrances.

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The business, home to the CoverGirl and Rimmel brands, generates around $1.2 billion in annual revenues, but has been losing market share to competitors with faster innovation cycles and more accessible price points.

WHO COULD BUY COTY'S CONSUMER BEAUTY BRANDS?"It's hard for these brands because they don't look new to today's consumers. And newness is important, especially in colour cosmetics," said Morningstar analyst Dan Su.

Barclays analysts described the division as a "tough asset to sell". They said it could be worth anywhere between $690 million and $950 million.

Buyers this year have shown strong interest in smaller, fast-growing brands like Hailey Bieber's makeup and skincare line Rhode, snapped up by retailer Elf Beauty

(ELF.N), opens new tab for $1 billion, and the vitamin A-based skincare business Medik8 bought by L'Oreal OREP.PA for an estimated $1 billion.

Buyout firms could look at the division, much as private equity house KKR bought a majority stake in Coty's professional and retail haircare business, Wella, in 2020.

"I expect piecemeal deals rather than a one-shot sale," Michael Ashley Schulman, partner and CIO at Running Point Capital Advisors, naming private equity firms Permira and L Catterton among possible suitors.

Coty said it did not comment on speculation. L Catterton and Permira declined to comment.

Coty's Consumer Beauty business reported an 8% drop in sales in the year ended June 30. Morningstar analysts expect another high-single-digit percentage decline this financial year, as it struggles to compete with social media influencers launching their own brands and selling on fast-growing online channels.

Coty's in-house manufacturing has made it slower to innovate when compared to firms like Elf that use third-party producers, resulting in market share that is slipping over time, said Bank of America analyst Anna Lizzul.

"It's a melting iceberg situation," she said.

COTY CAME LATE TO SHIFTING FRAGRANCE TRENDSCoty became a beauty industry giant after buying Procter & Gamble's perfume, hair care and makeup businesses for $12.5 billion in 2015. After divesting from hair and now possibly consumer cosmetics, fragrance will be its primary focus.

Its newly combined fragrance division accounts for 69% of Coty's sales and, with categories growing between 2% and 9%, is performing far better than Coty's consumer cosmetics.

But it relies heavily on licences, and about 14% of them are due to expire in the next three-and-a-half years, said BofA.

The blockbuster licence for Gucci fragrances, which analysts believe runs until 2028, brings in about $500 million a year, BofA estimates - almost double Coty's free cash flow of $277.6 million in its last financial year.

Selling the makeup business could bring in money for what some analysts think is much-needed investment.

"It would have probably helped to do this strategic review 10 years ago," said Alfonso Emanuele de Leon, a beauty industry veteran and partner at FA Hong Kong Consultancy. "Most importantly, when it was getting clear that the fragrance market was moving towards conceptual, experiential brands."

Top sector player L'Oreal has invested in niche Chinese fragrance brands To Summer and Documents, Estee Lauder

(EL.N), opens new tab in fellow Chinese brand Melt Season, and Spanish rival Puig

(PUIGb.MC), opens new tab acquired a majority stake in Sweden's Byredo.

Coty should have recognised that its fragrance segment was shrinking and made acquisitions too, Emanuele de Leon said.

"They can still do it, it's just going to be more expensive and maybe too late because the wave has already reached the shore."

Reporting by Alexander Marrow and Dominique Patton; additional reporting by Abigail Summerville. Editing by Lisa Jucca and Mark Potter

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Chief companies correspondent for Russia, Alexander covers Russia’s economy, markets and the country's financial, retail and technology sectors, with a particular focus on the Western corporate exodus from Russia and the domestic players eyeing opportunities as the dust settles. Before joining Reuters, Alexander worked on Sky Sports News' coverage of the 2016 Olympics in Brazil and the 2018 World Cup in Russia.

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A UBS logo is pictured on the branch of the Swiss bank in Lucerne, Switzerland, June 14, 2024. REUTERS/Denis Balibouse/File Photo Purchase Licensing Rights, opens new tab

CompaniesZURICH, Oct 3 (Reuters) - The Swiss government should tighten capital rules governing UBS

(UBSG.S), opens new tab, a majority of the Swiss public told a poll published on Friday, even if regulations are tougher than those imposed abroad.

Some 61% of those questioned backed extra capital requirements, according to the survey of 24,000 people conducted by the Leewas Institute for TA Media and newspaper 20 Minuten.

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The figure corresponded to the proportion of people who thought Bern should go ahead, even if the rules are stricter than those used elsewhere.

UBS has strongly criticised the government's proposed rules - unveiled in June to make the country's banks safer following the 2023 collapse of Credit Suisse - because they would require it to hold $24 billion in additional capital.

The bank says that would put it at a disadvantage to global rivals, and is reviewing a series of mitigation strategies that even include relocating its headquarters abroad.

Switzerland and UBS are signalling in private a willingness to compromise on the rules, potentially paving the way for parliament to settle on lower requirements acceptable to the government and the bank, Reuters reported this week.

The poll said supporters of left-leaning parties were most in favour of tighter rules, although among right-wing parties like the Liberals and Swiss People's Party there was also a majority in favour.

Still, two-thirds of respondents said it would be damaging for Switzerland if UBS moved elsewhere.

Representatives from the government and UBS have been invited to a parliamentary committee meeting in early November to discuss the next stage of regulations.

Draft legislation will only reach parliament - which will ultimately decide the outcome - next year.

Reporting by John Revill
Editing by Mark Potter

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By Reuters

October 3, 20257:15 AM UTCUpdated ago

Nissan logo is seen in this illustration taken July 28, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

CompaniesOct 3 (Reuters) - Nissan

(7201.T), opens new tab is recalling 19,077 electric vehicles in the United States due to a potential fire risk linked to overheating during quick charging, the U.S. National Highway Traffic Safety Administration said on Friday.

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Reporting by Ruchika Khanna in Bengaluru; Editing by Sonia Cheema

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Tesla Inc (NASDAQ:TSLA) hit the accelerator just in time.

The electric carmaker reported a 7% rise in global vehicle deliveries for the third quarter, releasing the numbers on the same day a key U.S. tax credit for electric vehicles came to an end.

Buyers had rushed to beat the deadline, a last-minute surge that likely helped soften what has otherwise been a bumpy period for Elon Musk’s company.

Tesla delivered 497,099 vehicles in the three months to the end of September, up from 462,890 a year earlier and slightly ahead of market expectations. But output fell to 447,450, down from nearly 470,000 this time last year — pointing to ongoing production constraints.

Despite the delivery beat, Tesla’s shares slid 1.8% in after-hours trading. Investors are now looking ahead to its full quarterly results, due on October 22.

Lawrence Jengar
Oct 03, 2025 06:14

DOGE trades at $0.26 with modest 1.57% gains as technical indicators suggest potential breakout above moving averages toward next resistance zone.

Market Overview
Dogecoin continues its sideways consolidation pattern, trading at $0.26 with a modest 1.57% gain over the past 24 hours. The meme coin has established a tight trading range between $0.25 and $0.26, demonstrating relative stability amid broader market conditions. With DOGE maintaining position above its 20-day simple moving average at $0.25, technical momentum appears cautiously optimistic for potential upside movement.

Technical Picture
The technical landscape for DOGE/USDT presents a mixed but increasingly constructive outlook. The Relative Strength Index currently sits at 55.5, indicating neutral momentum with room for further advancement before reaching overbought territory. More encouraging is the MACD indicator, which has turned bullish with a positive histogram reading of 0.0002, suggesting growing buying pressure beneath current price levels.

DOGE price action shows strong positioning relative to key moving averages, trading 1.9% above the 20-day SMA, 8.0% above the 50-day SMA, and notably 26.4% above the 200-day SMA at $0.20. This moving average structure indicates a healthy intermediate-term uptrend remains intact, providing technical support for any potential breakout attempts.

Trading volume of $342.9 million over the past 24 hours reflects moderate participation levels, though not quite the explosive volume typically associated with significant directional moves in Dogecoin.

Critical Levels to Watch
The immediate resistance zone centers around $0.30, representing the primary target for bulls looking to extend recent gains. A decisive break above this level could open the door to the secondary resistance at $0.31, where profit-taking activities may emerge.

On the downside, initial support appears at $0.22, coinciding with recent swing lows and representing approximately a 15% decline from current levels. The more significant support zone lies at $0.20, aligning with the 200-day moving average and serving as a crucial long-term trend line.

The current pivot point at $0.26 represents the immediate battleground between buyers and sellers, with sustained trading above this level supporting the constructive technical outlook.

Market Sentiment
Dogecoin continues to benefit from its established position within the broader cryptocurrency ecosystem, though recent price action suggests consolidation rather than explosive momentum. The absence of significant news catalysts over the past week has allowed technical factors to drive price discovery, creating a more predictable trading environment for market participants.

The moderate volume profile indicates steady but not overwhelming interest from both retail and institutional participants, suggesting a balanced supply-demand dynamic at current price levels.

Trading Perspective
The current risk-reward setup favors a cautiously bullish approach, with DOGE price positioned for potential breakout attempts toward the $0.30 resistance zone. Short-term traders might consider entries above $0.26 with stops below $0.24, targeting the $0.29-$0.30 area for initial profit-taking.

Longer-term investors may view any pullback toward the $0.22 support level as an attractive accumulation opportunity, particularly given the strong positioning above the 200-day moving average. The invalidation point for the current bullish structure would be a decisive break below $0.20, which would signal a potential trend reversal.

Bottom Line
Dogecoin maintains a constructive technical posture above key moving averages, with bulls eyeing a breakout toward 30-cent resistance as the next significant test for sustained upward momentum.

Image source: Shutterstock

doge price analysis
doge price prediction

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Billionaire hedge fund manager Ray Dalio has touted Bitcoin as “alternative money” as it continues to gain global adoption. This comes as BTC’s profit-taking surges past $3.7 billion amid its new rally past $120,000.

Ray Dalio Labels Bitcoin an “Alternative Money”
In a recent interview, Ray Dalio described Bitcoin as an “alternative money.” He noted that its growing recognition as a store of value makes it impossible to ignore. While he admitted he holds only a small amount of BTC personally, Dalio emphasized that the token meets key features of hard money. 

He pointed out that there is a limited supply of the token, with only 21 million coins available. However, Ray Dalio raised concerns about whether central banks would use the token as a reserve currency. He said that the need for clear transaction records and the risk of future regulations could stop official use of the token.

The billionaire had previously made bullish comments about the token before this. In June, Ray Dalio praised BTC for its unique qualities that make it a form of hard currency. He noted that the coin is now entering the elite class of hard money assets, standing alongside precious metals such as gold and silver.

Dalio’s comments are in line with those of seasoned investor Robert Kiyosaki. In order to protect themselves from future financial crises, he has frequently advised investors to hold Bitcoin, silver, and gold.

Investors are shifting to alternative assets as a result of pressure on the global bond markets, particularly from decreased exposure to U.S. treasuries. Both Kiyosaki and Dalio agree that the token’s limited supply gives it an edge over fiat currencies that can be inflated at will.

BTC Profit-Taking Surges Past $3.7B
According to CryptoQuant data, over $3.7 billion in realized gains were recorded in just one day. This was the fifth-largest event for taking profits in 2025.

Source: CryptoQuant
Analyst Caueconomy pointed out that selling activity can show increased selling pressure, but it doesn’t mean short-term investors control the market. Instead, this selling may mean that long-term investors are cashing in their profits, which suggests prices could still go up.

This comes as the Bitcoin price surged past $120,000. This is its highest level since mid-August as traders gear up for a bullish ‘Uptober.’  Over the past five days, the token has shown consistent gains in an attempt to reach its prior highs.

Additionally, open interest in Bitcoin futures has hit a record $88 billion, suggesting that traders are setting up for future gains. Spot ETFs are also seeing significant inflows.

Source: CoinGlass
Banking giants are adding to the bullish case. Citigroup forecasted BTC could climb as high as $231,000 within the next 12 months, with base and bear scenarios at $181,000 and $82,000, respectively. 

JPMorgan also weighed in on Bitcoin. They stated that the token is undervalued compared to gold and could rise to $165,000. They cited its declining volatility relative to the precious metal as a sign of maturing market stability.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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SWIFT — the Society for Worldwide Interbank Financial Telecommunication — will be building its recently announced blockchain payment settlement platform on Ethereum layer 2 Linea, Consensys CEO Joe Lubin has confirmed.

On Monday, SWIFT revealed that it had tapped Consensys and over 30 TradFi institutions to build infrastructure for a 24/7 real-time crypto payments system — but didn’t confirm which chain it would build on despite widespread speculation that it would be Linea.

However, Lubin confirmed Linea’s selection in a fireside chat with Cointelegraph’s Gareth Jenkinson at the Token2049 conference in Singapore on Thursday.

Lubin said that during SWIFT’s announcement to the banking sector, SWIFT CEO Javier Pérez-Tasso didn’t mention Linea by name. Lubin said SWIFT had to “soft roll out” the “big news,” which was taken rather positively.

“I believe the sentiment was, ‘thank you for doing this.’ It’s about time to bring the two streams, DeFi and TradFi, together,” said Lubin.

Cointelegraph’s Gareth Jenkinson with Joe Lubin and Snow Crash author Neal Stephenson. Source: Cointelegraph
Developed by Consensys, Linea is a scaling-focused layer 2 that leverages zk-EVM rollup technology to process around 1.5 transactions a second at one-15th the cost of fees on Ethereum. 

It has $2.27 billion worth of total value locked — the fourth largest among Ethereum layer 2s, trailing only Arbitrum One, Base Chain and OP Mainnet, L2BEAT data shows.

SWIFT’s entry into the blockchain payments space could be massive,  as it handles around $150 trillion worth of global payments through traditional banking rails each year. 

Some of the biggest banks are involvedBank of America, Citi, JPMorgan Chase, and Toronto-Dominion Bank are among the TradFi firms set to participate in trials of SWIFT’s new blockchain payments rail on Linea.

It could pose a serious competitor to Ripple’s XRP Ledger, one of the few prominent blockchain-based payment systems tailored for banks.

SWIFT’s move to build a blockchain payments rail has been anticipated for some time, benefiting from the blockchain’s near-instant, 24/7 settlement without intermediaries, while reducing costs, errors and delays. 

Linea could enable a “user-generated civilization,” says LubinLubin highlighted the broader potential of Linea beyond payments, describing it as a platform where “content can be created in a user-generated fashion.” 

“We will have user-generated civilization and user-generated content on Linea and other places,” Lubin said, explaining that by leveraging Ethereum’s trustless settlement layer, Linea allows communities to build infrastructure, rules, and apps from the bottom up — opposite to the top-down approach seen in traditional government and banking hierarchies.

Decentralized autonomous organizations are already trying to run entities without centralized leadership, often implementing smart contracts and decentralized voting systems to manage treasuries and make decisions. However, few DAOs have achieved success at scale so far.

Magazine: Can Robinhood or Kraken’s tokenized stocks ever be truly decentralized?

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

BNB, the native cryptocurrency of Binance, has seen a strong 8% upside, hitting a new all-time high past $1,100, leading the broader crypto market rally. It is also currently the strongest-performing altcoin with 30% gains on the monthly chart. Market experts believe that Binance Coin has done a strong base formation at $1,000, which sets the foundation for a rally to $5,000 ahead.

BNB Shoots Past $1,100 Leading Crypto Market Rally
Binance Coin (BNB) surged to a new all-time high, crossing $1,100 for the first time and trading at $1,108.17, marking a 7.27% gain in the past 24 hours. Furthermore, the daily trading volume has surged by 30% to more than $4.16 billion, showing strong bullish sentiment among traders. This comes as the overall crypto market shows strength on hopes of Fed rate cuts following the US shutdown this week.

Amid today’s market rally, the liquidations across the crypto space have surged to $391 million, of which $268 million is in short liquidations, per the Coinglass data. Analysts note that the wave of liquidations has amplified BNB’s rally, forcing short sellers to buy back into the crypto market.

Additionally, key developments within the Binance ecosystem have contributed to a greater upside. On the regulatory front, the company has been nearing a deal with the U.S. Department of Justice (DoJ) to drop compliance monitoring, following its $4.3 billion settlement earlier this year.

Also, the native BNB chain is emerging as a popular choice for real-world asset tokenization (RWA). In addition to this, the latest growth of BNB-based Layer 2 decentralized exchange (DEX) Aster is driving further momentum.

The broader crypto market is showing major strength this week despite concerns surrounding the US shutdown. Some market analysts are expecting a further delay in the approval of spot crypto ETFs, for top altcoins like XRP, Solana (SOL), Cardano (ADA) etc.

Expert Eyes Binance Coin Rally to $5,000
BNB continues to trade above the $1,000 mark, sustaining its recent breakout to new all-time highs. Market analyst Crypto Patel noted that early entrants have already secured a 5x return this cycle but argued that the rally may still have significant room to run.

Source: Crypto Patel
According to Patel, BNB could climb further in the ongoing bull cycle, with potential targets in the $2,000–$3,000 range if current momentum continues. Of course, this will need the support of the broader market moving ahead.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Advert for Bitcoin on a bus in the capital's West End Photo by Barry Lewis

In Pictures via Getty Images

The UK government is the third largest sovereign holder of bitcoin, with approximately 61,250 coins under its control. Last week Southwark Crown Court confirmed the seizure of bitcoin linked to a Chinese fraud, now worth more than £5 billion, after defendant Zhimin Qian, pleaded guilty to possessing and transferring criminal property.

Despite this situation, government officials have so far resisted calls to examine bitcoin’s potential strategic role. In May 2025 Emma Reynolds, then Economic Secretary to the Treasury, said that creating a national bitcoin reserve was ‘not appropriate’ for the UK market. Instead of discussing bitcoin’s role, the recent Labour Party conference in Liverpool had a focus on digital identity, where Visa’s Mandy Lamb remarked: “the trick is how do you link payments with IDs?”

Digital ID did not feature in the Prime Minister's keynote speech. Observers suggested that the omission reflected political sensitivity. A public petition opposing digital ID cards has now gathered more than 2.7 million signatures, making it one of the largest petitions in parliamentary history. The government, however, continues to frame digital identity as a tool of economic inclusion and growth. Officials have said it could deliver a £4.3 billion boost to the economy and the Tony Blair Institute has argued that the public supports a modern identity system that would provide fairness, control and convenience.

Civil liberties groups have challenged the government’s framing of digital identity as inclusion. Big Brother Watch’s report Checkpoint Britain warns that such systems are likely to exclude rather than include, citing Britain’s poor record on major data breaches and polling that shows 63 per cent of the public do not trust the government to safeguard a universal identity database. The report also highlights the risk of mission creep, where IDs first required for public services could become mandatory for work, housing, benefits, voting and even everyday spending. Liberty has raised similar concerns, warning that digital ID systems can impose barriers for marginal communities. International examples show that schemes introduced in the name of access can end up driving exclusion.

George Orwell mural picture Southwold, Suffolk, England, Uk. (Photo by: Geography Photos/Universal Images Group via Getty Images)

Universal Images Group via Getty Images

James Dewar, an accountant and Partner at Bridge to Bitcoin, when asked about Visa’s vision of linking digital IDs to payment argued that another major concern is the concentration of power. He said, “We need to call out the unholy alliance of mega corporations and consultancy firms cosying up to governments to sell them their advice services and help build technological, legal and regulatory moats jurisdiction by jurisdiction. Whether this is in the realm of CBDCs, AI or Digital IDs. They are conspiring to aggregate power in their interests instead of innovating their products and services to benefit customers using open technologies in a free and competitive environment. Profiting from the latter may be harder work, but it is important to understand that in the digital world this is the only route through which 8 billion people will gain and retain their liberty”.

The Labour Party conference illustrated how closely government and financial incumbents are aligned on identity and payment systems. Lucy Rigby MP, now the Economic Secretary to the Treasury, described digital assets and identity as part of the UK’s strategic infrastructure. Speakers stressed interoperability and verification as foundations of the next stage of financial services.

The question of whether the Treasury should consider a strategic Bitcoin reserve to strengthen the UK’s economic position was put directly to Lucy Rigby, but went unanswered.

Peter Kyle MP, Shadow Secretary of State for Business and Trade, said that Britain should aim to build the first trillion pound business in the UK. His remark overlooked the fact that Bitcoin already exists at that scale as a global asset class. The contrast highlights the policy gap. While some ministers focus on digital identity tied to payments as a framework of control and verification, Bitcoin operates outside that framework, open to anyone with a device and an internet connection.

International examples show how far different countries are already leaning into Bitcoin. In the U.S., President Trump signed an executive order in March 2025 to establish a Strategic Bitcoin Reserve, the plan is to treat bitcoin held by the government as reserve assets, not simply liquidate them. Congress has since introduced the BITCOIN Act of 2025 to formalise and expand those policies, including potential acquisition of up to one million BTC over five years. El Salvador has adopted Bitcoin as legal tender and continues to hold it as a reserve asset.

These cases offer policy paths the UK could study, not necessarily to copy, but to see how sovereign Bitcoin exposure might be used strategically to aid growth and innovation.

Ben Cousens, founder of Antidote, the UK’s first Bitcoin incubator and accelerator for startups, says “Policy can be a lot more than just “buy bitcoin”. The UK government has repeatedly referenced its own mandate for national renewal and growth—messages we can surely all get behind. The trick is in how to facilitate and drive that growth, where establishing a productive and favourable regulatory regime for business alongside sensible guidelines for consumers should play a major role. Growth comes from enabling and empowering those who create economic value, and Bitcoin has a 15-year track record of enormous value creation that the UK should participate in whole-heartedly.”

LONDON, ENGLAND - MAY 30: In this photo illustration, a visual representation of Bitcoin cryptocurrency is pictured on May 30, 2021 in London, England. Bitcoin is a decentralised digital currency, which has been in use since 2009. (Photo illustration by Edward Smith/Getty Images)

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Britain, with some of the highest electricity costs in Europe and billions of pounds in sovereign bitcoin holdings, faces both challenges and opportunities. Energy prices shape its prospects in energy-intensive sectors from AI to bitcoin mining, areas that governments worldwide are tying to future growth. While the Labour Party conference was underway, a representative of the Tony Blair Institute was asked how the UK could reconcile ambitions to be an AI and digital superpower with such high energy costs. The reply was that this remained ‘aspirational,’ a reminder that political ambitions are often not matched by practical delivery.

The same gap between promise and reality is evident in financial policy. On one side, digital ID is promoted as inclusion, even as civil liberties groups warn of exclusion. On the other is bitcoin, with billions of pounds now in government custody, permissionless and global. The petition against digital ID shows the strength of public concern, while the court case confirms that bitcoin is already a state controlled asset worth billions.

Whether Britain recognises it or not, these holdings place it in the global race to define the future of money, a race in which identity linked systems and permissionless networks are pulling in very different directions. The outcome will shape economic sovereignty for decades to come.

Michael Saylor’s digital asset treasury firm, Strategy, has just hit a new all-time high in crypto value, now worth more than several leading banks and equivalent to the gross domestic product of some nations. 

“Our journey began with $0.25 billion in Bitcoin — and an immediate $0.04 billion unrealized loss,” said Saylor on Thursday, noting that Strategy’s Bitcoin holdings are now valued at $77.4 billion, close to double its value in 2024.

The valuation comes as Bitcoin returned to the $120,000 level. While Bitcoin is still down 3% from its all-time high in mid-August, Strategy’s new Bitcoin value record comes as a result of it scooping up 11,085 BTC over the last seven weeks.

Its most recent purchase was relatively small, just 196 BTC on Monday. 

Strategy’s Bitcoin stash is now worth more than the market capitalization of several major banks, including BNY Mellon, Sberbank, US Bancorp, CIBC, ING, Barclays, Deutsche Bank, ANZ Bank, and Lloyds.

Source: Michael Saylor 
A stash bigger than an entire nation’s GDPStrategy currently holds 640,031 BTC, equivalent to 3.2% of the total circulating supply. The next largest Bitcoin DAT is MARA Holdings, which holds 52,477 BTC, worth approximately $6.3 billion.

With $77 billion worth of Bitcoin, you could buy 2,566,667 cars at $30,000 each or 385,000 houses at $200,000 each.

It is also comparable to the entire GDP of countries like Uruguay, Sri Lanka, and Slovenia, meaning Strategy’s Bitcoin holdings are worth as much as the annual economic output of entire nations. 

El Salvador’s Bitcoin holdings are just below ATHThe largest nation-state Bitcoin treasury belongs to El Salvador, which is currently reported to hold 6,338 BTC, worth approximately $762.5 million, according to the El Salvador Bitcoin Office. 

This is slightly below its all-time high valuation of almost $770 million in mid-August, as the country has been accumulating at a much slower pace of one BTC per day, though whether it has been buying Bitcoin is still a hotly debated topic within crypto circles. 

Strategy holds nearly half of total BTC treasury holdingsThe total amount of BTC held by public and private companies is 1.32 million BTC, or 6.6% of the total supply worth roughly $159 billion at current market prices, according to BitcoinTreasuries.NET.

Strategy is the 800-pound gorilla of DATs, holding a whopping 48% of the total amount of BTC held by around 266 public and private companies.

Magazine: Hong Kong isn’t the loophole Chinese crypto firms think it is

The cryptocurrency market is heating up again, with many analysts pointing to key signals that suggest a fresh bull run may already be underway.

 In a recent breakdown, Altcoin Daily analysts highlighted how institutional adoption, favorable policies, and growing real-world use cases could make this one of the most powerful cycles in crypto’s history. 

From Bitcoin’s momentum to Ethereum’s bullish setup and Cardano’s rising recognition, the outlook paints an optimistic picture for the next several years of the Crypto Cycle.

Bitcoin Holds the SpotlightBitcoin remains the centerpiece of the crypto narrative, especially after successfully flipping a major resistance level into support. At the time of writing, Bitcoin is trading near $124,000, with analysts suggesting that a push above $125,000 could trigger a wave of momentum carrying the price much higher.

Adding to the bullish outlook, Cardano founder Charles Hoskinson recently predicted that Bitcoin could reach $250,000 by mid-2026. Historical data backs this optimism: October has consistently been one of Bitcoin’s strongest months, according to Bloomberg, further fueling expectations of another significant rally.

Ethereum Nearing Breakout TerritoryEthereum is now less than 9% away from its all-time high of $4,800. Analysts explain that once ETH breaks beyond this critical level, it will enter “price discovery mode,” potentially paving the way toward $10,000 ETH in the coming cycle.

Institutional demand is playing a major role in Ethereum’s bullish setup. Financial giant Swift recently showcased Ethereum in its tokenization demo, highlighting its real-world utility for global finance. 

At the same time, on-chain data shows that treasuries are adding ETH faster than it is being issued, leading to a shrinking supply and rising scarcity. With supply contracting and demand surging, Ethereum appears well-positioned for the next leg up.

Hoskinson also shared his broader outlook at Token2049, suggesting that Bitcoin typically rallies first, followed by a surge in altcoins such as Ethereum, Cardano, Solana, and XRP. He noted that Cardano (ADA) is increasingly being recognized as a “blue-chip crypto asset,” even making its way into a U.S. strategic reserve.

With eight years of continuous uptime and a reputation for decentralization and institutional appeal, Cardano has become attractive to both governments and large investors. Analysts believe this sets up ADA and other altcoins for a strong rally once Bitcoin stabilizes, marking the start of the altcoin cycle within the broader bull run.

Policy, Taxes, and AdoptionPolicy changes are also acting as major catalysts for crypto adoption. Recently, the U.S. Treasury exempted cryptocurrencies from the 15% corporate minimum tax, a move that could save billions for companies like MicroStrategy and encourage more corporations to add Bitcoin to their balance sheets.

Meanwhile, banks such as JPMorgan are openly stating that Bitcoin is undervalued, citing fiat currency instability and improving global regulations. As regulatory frameworks like Europe’s MiCA and Singapore’s MAS begin to align, analysts see a $10 trillion opportunity for blockchain integration across industries worldwide.

The Bottom LineAll signs point to a powerful new phase of the Crypto Cycle. With Bitcoin breaking key resistance, Ethereum on the verge of price discovery, Cardano gaining institutional recognition, and supportive policy shifts paving the way for broader adoption, analysts believe the next few years could shape up to be one of the most historic periods in crypto’s evolution.

Journalist

Posted: October 3, 2025

Key Takeaways
What triggered Litecoin’s recent price surge? 
A breakout above the $112 flag pattern reignited momentum, pushing LTC up 10% in 24 hours.

What do rising Open Interest and Sharpe ratio suggest about LTC’s outlook? 
They indicate growing investor confidence and bullish sentiment, with potential for continued upside.

Litecoin’s [LTC] price action is back in the spotlight after weeks of subdued trading. The altcoin broke above a stubborn flag pattern near $112, a level that had capped the price since early August.

That breakout lit up momentum across the market, pushing LTC up 10% in the last 24 hours alone.

A familiar cycle for LTC is to repeat?
This is not the first time Litecoin has moved this way. For months, the token has tended to consolidate inside flag-shaped ranges before staging powerful upside breaks.

The latest rally is following that same script, giving traders hope that the pattern could extend further — with the next technical target sitting around $135 resistance level.

 Source: TradingView

Sharpe ratio signals improving returns
AMBCrypto’s close analysis on Messari’s Sharpe Ratio data indicates that momentum is also showing up in LTC’s risk-adjusted performance.

At  the time of writing, LTC Sharpe Ratio surged significantly to 2.3, a level that suggests strong returns relative to volatility.

Historically, a rising Sharpe Ratio signals growing investor confidence, suggesting that a rally is producing strong returns with manageable volatility. 

The question now is, will Litecoin follow that pattern?

Source: Messari

Litecoin’s Open Interest surges by $100M!
Positive developments on the derivatives markets are also adding another layer of fuel to the bullish bias. Litecoin Futures Open interest has jumped to $703 million, at press time, up by about $100 million in the past 24 hours alone, according to the recent Messari data.

The increase points to fresh positions being built, often a sign that traders and investors alike expect continued movement, though it also means the market is carrying more leverage, which can amplify both gains and losses.

Source: Messari

Rally or pause ahead?
Litecoin’s breakout above $112 has clearly tilted market sentiment toward the bulls. The key question now is whether LTC can maintain its momentum and push toward the $135 resistance level, or if recent gains will prompt short-term profit-taking.

As things stand, the bullish trend appears likely to continue. The daily chart looks promising, with strong on-chain metrics reinforcing the positive outlook and supporting further upside.

Pancakeswap’s CAKE is up nearly 30% in the past 24 hours, with newer token ASTER up 18%. Memes like FLOKI, CAT and others are yet to catch up to fundamental plays, however. Updated Oct 3, 2025, 6:02 a.m. Published Oct 3, 2025, 6:02 a.m.

BNB’s push above $1,100 has shifted attention to the BNB Chain’s native names, with investors rotating into protocols that capture fees and on-chain activity.

STORY CONTINUES BELOW

Activity on the network has risen partly due to Binance founder Changpeng Zhao’s recent endorsements of BNB Chain projects, bringing newfound attention to the fifth-ranked token by market capitalization.

Crypto market participants often tend to allocate to an ecosystem when the base asset climbs higher, with liquidity tending to remain inside that sector. Protocols that collect fees and route orders tend to move first, followed by memecoins and then lesser-known fundamental plays.

PancakeSwap’s CAKE jumped nearly 30% over the past 24 hours, a move that usually coincides with deeper liquidity on core pools and tighter spreads across major pairs.

Newer tokens are catching bids as well: ASTER rose about 18%, reflecting the search for higher beta exposure as BNB advances.

By contrast, meme tokens such as FLOKI and Simon’s Cat (CAT) have yet to meaningfully respond, suggesting traders are prioritizing utility and cash-flow narratives before sentiment-driven meme bets.

BNB reclaimed the $1,100 area after multiple attempts and held the level through U.S. hours, a sign that spot demand rather than leverage is driving the move.

Meanwhile, BNB-tied futures racked up over $97 million in liquidations in the past 24 hours, Coinglass data shows, second only to ether-linked bets.

However, the total value of locked assets on the BNB Chain ecosystem rose a tiny 2% in the past 24 hours despite the market-beating rise of BNB – a sign that traders have not yet allocated to long-term financial plays on the network beyond the token.

For instance, PancakeSwap pocketed just over $1.3 million in trading fees over the past 24 hours, far below an average of over $5 million in July, data shows.

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Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025Gate exchange emerged as major player with 98.9% volume surge to $746 billion, overtaking Bitget to become fourth-largest platformOpen interest across centralized derivatives exchanges rose 4.92% to $187 billionView Full Report

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Tether’s co-founder Reeve Collins said all forms of money, including dollars and euros, will likely be represented on the blockchain within the next five years.

101

Tether co-founder Reeve Collins expects “all currency” to become stablecoins by 2030 as part of a broader shift that will see all forms of finance go onchain. 

“All currency will be a stablecoin. So even fiat currency will be a stablecoin. It’ll just be called dollars, euros, or yen,” said Collins in a wide-ranging interview during Token2049 in Singapore. 

“A stablecoin simply is a dollar, euro, yen, or, you know, a traditional currency running on a blockchain rail by 2030,” he added. 

Collins argues that stablecoins will be the primary method for transferring money within the next five years, as the benefits of tokenized assets have become too compelling for traditional finance to ignore.

“Probably before that, because you’re still going to use dollars. But it depends on what your definition of stablecoin is. The definition of stablecoin is essentially that you’re moving money on a blockchain,” he added. 

US crypto shift was the best thing to happen Collins said that the best thing to ever happen to the crypto market was the positive “shift in stance” toward the sector by the US government this year.

Tether co-founder Reeve Collins. Source: Cointelegraph. He argued that many large TradFi firms were too afraid to enter the industry out of fear of government scrutiny, and while there is still some gray area surrounding the industry, it’s a very different ball game these days.

The Tether co-founder stated that this shift has opened the “floodgates,” with the traditional finance world scrambling to enter the crypto sector and blockchain-based stablecoins being a key focus due to their inherent utility.

  “Every large institution, every bank, everyone wants to create their own stablecoin, because it’s lucrative and it’s just a better way to transact. And so those floodgates are open, and what it’s going to lead to is that soon, there won’t be CeFi and DeFi,” he said.

“There’ll be applications that do things, move money, give loans, do investments, and it will be a mix of the kind of the old, traditional style investments, and then the DeFi types of investments.” The tokenization narrative is strongCollins said tokenized assets offer far greater transparency and efficiency than non-tokenized assets — given that they can be moved quickly across the globe without middlemen — which in turn offers more potential upside.

“That is why the tokenization narrative is so big, because everyone realizes the increase in the utility that you get from a tokenized asset versus a non-tokenized asset is so significant that even the same two assets, just once they’re moved onchain, since the utility increases, that means the return increases.”

Downsides of going fully onchainHowever, Collins acknowledged there were also risks to such a monumental shift in global finance, such as the security of blockchain bridges, smart contracts and crypto wallets.

Crypto hacks and social engineering are also key issues that need to be addressed, he said, though he emphasized that overall levels of security are “improving.”

“And so the old trade off is still going to remain there… which is if you want to be fully in control … you can do that, but it’s technically complex,” said Collins.

“If you want to trust a third party like you do traditionally with banks, there are a lot of those services like the custodial versus non-custodial, so that those services will get more robust, and people will have more options moving forward. So yes, there are always risks in technology,” he concluded. 

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UC Berkeley’s College of Engineering has launched the Center for Digital Assets (CDA), a new research hub for advancing blockchain and digital twin technologies. Ripple Labs’s University Blockchain Research Initiative (UBRI) has provided about $1.3 million in Ripple USD (RLUSD), the company’s US dollar-backed stablecoin, to fund the initiative.

According to a statement shared by Ripple on Friday, the stablecoin issuer is “proud to partner with UC Berkeley on the launch of its new Center for Digital Assets.” The partnership builds on years of innovation through UBRI, which began supporting UC Berkeley programs in 2018.

Digital asset demand necessitates UC Berkeley blockchain study
A 2025 report from the International Data Corporation (IDC) projects that worldwide data will reach 175 zettabytes, with some estimates placing the figure closer to 181 zettabytes. One zettabyte is equivalent to one trillion gigabytes, or about 250 billion DVDs.

UC Berkeley’s new center will focus on developing trusted methods for defining and measuring the value of digital assets, a step that researchers say is imperative for the development of future economic systems.

“Digital content has been part of our human experience and economic systems for decades. The overall mission of the center is to foster pioneering research, education, innovation and entrepreneurship within the broader digital asset technology landscape,” said Tarek Zohdi, associate dean for research at Berkeley Engineering and the center’s faculty director.

The Center for Digital Assets will bring together UC Berkeley faculty, academic affiliates, and Ripple engineers and researchers to collaborate on advanced, open-source technologies. 

We're proud to partner with @UCBerkeley on the launch of its new Center for Digital Assets: https://t.co/l3MISAkXqO

From classrooms to real-world impact, this builds on years of innovation through our University Blockchain Research Initiative.

Find out more about the…

— Ripple (@Ripple) October 2, 2025

Joint projects will target pertinent areas of importance in blockchain and digital finance, built upon a seven-year partnership between UC Berkeley and Ripple’s UBRI. 

Ripple Labs suggested that UBRI has provided funding and resources for academic research since 2018, for studies in technical development, student engagement in blockchain, crypto, and digital payment technologies.

Ripple kickstarts new accelerator for startups
Alongside the creation of the center, Ripple and the CDA are partnering on a new program called the Berkeley Digital Asset Accelerator (BDAX). The project will support growth-stage startups in the XRPL public blockchain ecosystem.

Forty-six teams have already applied for the first 10 spots in the pilot cohort, which launches in October. The initial program will focus on startups innovating within the XRPL blockchain, but future cohorts could include ventures working with digital twin technologies. It would also connect physical and digital systems in engineering, supply chains, and finance.

According to UC Berkeley, the $1.3 million in RLUSD funding will be used to support three primary areas of the new center’s work. The first pillar, Collaborative Research and Pilots, will use UC Berkeley’s research facilities and faculty expertise to innovate digital technologies. 

Academic and Talent Development will double down on educating students in digital asset and digital twin technologies, economics and new venture creation. They will gain hands-on experience with tools and applications issued by Ripple engineers in areas like computer science, finance, and entrepreneurship.

The last pillar, Ecosystem Growth and Global Impact, will expand academic, industry, and student communities and digital research to create sustainable blockchain ecosystems.

UC Berkeley Chancellor Rich Lyons praised the initiative, saying it is the type of transformative collaboration that leads to major breakthroughs in financial technology. 

“I’m thrilled about this exciting addition to our university’s partnership with Ripple,” Lyons continued, “The new Center for Digital Assets is a fantastic example of the game-changing discoveries such collaborations foster. There is no better place than Berkeley to incubate and launch innovations that expand our concept of what’s possible.”

Elsewhere, Ripple minted 1.8 million RLUSD tokens on the XRP Ledger at the start of October, marking its first issuance on the network since September 24. The latest mint follows a separate RLUSD issuance on Ethereum of around 8 million tokens that took place on September 27.

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BNB, the native token of the BNB Chain —a layer-1 blockchain created by crypto exchange Binance — has reached a new all-time high amid plans for upgrades and a broader market rally.

The token reached $1,111.90 for the first time on Friday, after rising more than 7.4% in the last 24 hours and surging 17.5% for the week, according to data aggregator CoinGecko.

It also comes as more treasury companies have been stacking BNB. Soon after the coin’s all-time high in July, analysts told Cointelegraph that treasury buying, along with regular token burns, had contributed to its price gains, with more room to grow. 

Source: BNBAsset manager Standard Chartered predicted in May that the token would reach a peak of $1,275 in 2025, based on its expected gain in tandem with Bitcoin (BTC) and Ether (ETH).

The rest of the cryptocurrency market also registered gains on Friday, with the total market capitalization rising 1.6% to $4.2 trillion.

BNB Chain metrics rise as wellAlong with the token price, BNB Chain’s total locked value (TLV) has also risen. The total number of active addresses and transaction volumes has increased over the past month, according to analytics platform DefiLlama.

The blockchain’s TLV has increased 2.5% in the last 24 hours, tapping $8.23 billion. At the same time, the number of active addresses spiked to 73.24 million last month, reaching the highest recorded level.

The total locked value, total number of active addresses, and transaction volumes of BNB Chain have all increased in the last month. Source: DefiLlamaTransaction volumes have also been on the rise, recording the second-largest number last month after reaching 4.34 million. The biggest monthly transaction volume was recorded in June.

The new all-time high and growing user metrics came just days after the official X account for BNB Chain was compromised on Wednesday, when hackers posted phishing links targeting crypto wallets. 

BNB upgrades on the horizonOn Wednesday, validators and builders operating on BNB Chain adopted the new minimum gas price of 0.05 gwei, which the BNB team said in an X post would result in faster and cheaper trading for users. 

“Next step for wallets, CEXs and trading platforms: To adopt 0.05 gwei to align with the network and keep BNB Chain the most attractive home for onchain activity,” the team said. 

Source: BNB Chain In its outlook for the remainder of 2025 and 2026, the BNB team stated that plans are also in place to increase the BSC block gas limit from 100 million to 1 billion, aiming to meet user demand and ensure smooth activity across decentralized applications.

Meanwhile, in 2026, there is an intent to develop a blockchain architecture capable of processing 20,000 transactions per second with confirmation times of under 150 milliseconds. 

There are also plans for native privacy features, upgradable virtual machines and more user-friendly tools for next year.

Two major upgrades already went live in 2025 Earlier this year, BNB Smart Chain’s Maxwell upgrade went live in June, which was geared toward creating faster blocks, better validator coordination and smoother network performance. It also sparked speculation that a rally could be around the corner.

In April, the Lorentz Hard Fork went live, reducing block times and introducing enhanced validator networking to make the chain more suitable for latency-sensitive applications. 

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of GOOGL, AMZN 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.

As video game giant Electronic Arts (EA) begins its transition to becoming a private company, analysts are optimistic about the $55 billion deal — with one even calling it "a big win" for shareholders.

On Monday, EA announced it will be acquired in an all-cash deal by the Public Investment Fund of Saudi Arabia, Silver Lake, and Affinity Partners. Shareholders will receive $210 per share, a 17% premium over EA's all-time high in August.

Though there is a 45-day window to allow for other proposals, Morningstar Senior Equity Analyst Matthew Dolgin wrote in a Tuesday note that the deal is "all but certain to close" without any regulatory hurdles, given the Saudi government's favorable relationship with the current U.S. administration, and a favourable premium for shareholders.

But while Wall Street may be celebrating, the gaming community might not share the same sentiment. For years, gamers have criticized EA's lack of innovation and aggressive monetization tactics.

Poor gaming street credEA's portfolio includes blockbuster franchises like EA Sports FC (formerly FIFA), The Sims, and Battlefield. But despite strong financials — EA has posted operational profits every year since 2015 — it has often drawn criticism from gamers.

In 2012 and 2013, EA was voted "Worst Company in America" by the now-defunct consumer advocacy website, Consumerist.com. In 2018, USA Today ranked it the fifth most hated company in the U.S. Much of the backlash stemmed from its reliance on live-service models, microtransactions, and controversial mechanics like loot boxes.

Gaming glossary:

Live service games: Games that are released and updated continuously, sometimes with limited time updates. Updates may be paid or free.

Microtransactions: Purchases of in-game items that users make with real money. Items can be either purely cosmetic or allow players to advance more quickly through a game.

Loot boxes: A container of random virtual items that are unknown to the player before opening them, and can be purchased with in-game currency or real money.

EA has also faced criticism for prioritizing sequels over new intellectual property. In a 2024 internal note reported by IGN, CEO Andrew Wilson stated that EA would "double down on owned IP, sports, and massive online communities."

That same year, online magazine Inverse wrote: "Perhaps the most common complaint is that EA fails to innovate," citing overpriced Sims 4 content packs, repetitive sports titles, and underwhelming sequels to legacy franchises.

The company also had the most downvoted comment on Reddit, after it tried to defend its stance over the long time taken to unlock content and characters in the 2017 Star Wars Battlefront II, even after buying the deluxe edition of the game.

The game's loot box mechanics — while not exclusive to EA — also led to backlash from gamers, triggering European regulators to investigate whether the feature constituted gambling.

In November 2017, U.S. Senator Chris Lee called it a "predatory practice" from EA. "This game is a Star Wars-themed online casino designed to lure kids into spending money. It's a trap," he said in a press conference.

A creative reset or more of the same?With EA no longer beholden to quarterly earnings reports, gamers may hope the company will take more creative risks. But analysts are divided.

"Of course, the company will be in a position to explore more creative games," said Michael Pachter, managing director at Wedbush Securities. "But that isn't really something they are particularly good at — especially if current management remains in place."

Pachter expects EA to double down on its live-service model and significantly grow its mobile gaming business under the PIF.

"I suspect the Saudis will roll out new mobile games for all EA Sports, Sims and Battlefield titles," Patcher said, highlighting that the PIF, through Savvy Games Group, owns Scopely and Niantic, "two of the best mobile game publishers in the business."

Michael Futter, founder of video game industry consultancy F-Squared, echoed this view. He noted that the deal will saddle EA with $20 billion in debt, pushing it to lean harder on stable revenue streams like "microtransactions, battle passes, FOMO-style [fear of missing out] rotating inventory [of] in [game] storefronts."

A rotating inventory in a game storefront usually refers to sales of items or battle passes within a limited time, enticing players to buy them quickly or miss out.

Gaming glossary:

Battle pass: A tiered system which rewards players with virtual items for completing various objectives in gameplay, and may be offered in a limited time period. Some battle passes can be bought with real money.

Futter believes EA will consolidate around its safest franchises, such as The Sims, Battlefield, and sports titles, rather than experiment with new IPs.

"The debt hanging over their head isn't likely to create a shift in strategy. Instead, it will likely see leadership entrench themselves in the titles they think have the largest revenue potential, even if those also carry the largest risk."

He added, "I don't know how EA is going to service this debt without significant layoffs, studio closures, and possibly IP sell-off."

I don't know how EA is going to service this debt without significant layoffs, studio closures, and possibly IP sell-off.

Michael Futter

Founder, F-Squared

But not all analysts are pessimistic. Nick McKay of investment banking platform Freedom Capital Markets believes the buyout could improve the long-term quality of EA's games.

"It provides EA with the opportunity to step back from the public spotlight and invest in games they're passionate about," McKay said. It would allow for EA to try new things without being "penalized" by shareholders if a game didn't do well, he pointed out.

"You don't have to worry about a significant drop in your valuation, because... one of your new titles hasn't worked. So actually, I think it could be a good thing for the long term quality of the release slate," McKay said.

David Cole, CEO of DFC Intelligence, added that in the short term, EA may consider selling off some of its IPs to manage its debt. He cited the "Command and Conquer" series as an example of a franchise with historical value but limited commercial scale.

The last mainline Command and Conquer entry came out in 2012, with only a mobile game after that in 2018.

But in the long term, the company will have the freedom to explore some more options and take some more risk, he said.

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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 GMRE 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.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within 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.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within 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.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within 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.

Trump administration officials have issued several legal threats over ICEBlock, a popular app that allows users to alert others to the presence of nearby immigration agents.