VANCOUVER, British Columbia, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce it has executed a binding Heads of Agreement (HOA) with DeSoto Resources Limited, an Australian-listed gold exploration company, to establish an exploration alliance and joint venture across the highly prospective Siguiri Basin in Guinea.
New Exploration Front
Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, “Guinea’s Siguiri Basin has demonstrated potential to host multi-million-ounce gold deposits in a country with a long mining history. This agreement with DeSoto provides Fortuna with an excellent entry into this highly prospective region, alongside a highly qualified and experienced team with a proven track record of discovery across West Africa.”
Key Agreement Terms
The binding HOA establishes an exploration alliance to apply for and acquire new permits in identified areas of interest.A new joint venture company (JVCo) will be formed, with a board of up to four directors, two from each party, with the majority partner holding a casting vote.Project Generation Phase: A 36-month period focused on identifying “Go Projects”, meaning significant discoveries warranting further development.Joint Venture Phase: Once a Go Project is agreed upon, JVCo will transition into a formal joint venture in which Fortuna will hold 70 percent and DeSoto will hold
30 percent, and Fortuna will solely fund exploration until the later of: three years; orUS$12.5 million in cumulative expenditure across Go Projects.
About DeSoto Resources Limited
DeSoto Resources Limited is an Australian-listed gold exploration company focused on exploration and project generation in Guinea. DeSoto´s founders and management team have a demonstrated track record of success in West African exploration, including credit for the discovery of Predictive Discovery’s 5.4-million-ounce Bankan Gold Project.
About Fortuna Mining Corp.
Fortuna Mining Corp. is a Canadian precious metals mining company with three operating mines and a portfolio of exploration projects in Argentina, Côte d’Ivoire, Mexico, and Peru, as well as the Diamba Sud Gold Project in Senegal. Sustainability is at the core of our operations and stakeholder relationships. We produce gold and silver while creating long-term shared value through efficient production, environmental stewardship, and social responsibility. For more information, please visit our website at www.fortunamining.com
ON BEHALF OF THE BOARD
Jorge A. Ganoza
President, CEO, and Director
Fortuna Mining Corp.
Investor Relations:
Carlos Baca | [email protected] | fortunamining.com | X | LinkedIn | YouTube
Forward looking Statements
This news release contains forward-looking statements which constitute “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (collectively, “Forward-looking Statements”). All statements included herein, other than statements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the Forward-looking Statements. The Forward-looking Statements in this news release include, without limitation, statements regarding the potential of Guinea’s Siguiri Basin to host multi-million-ounce gold deposits; the ability of JVCo to acquire new mining permits; statements pertaining to identification of Go Projects and the formation of a joint venture; and the Company’s business strategy, plans and outlook. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.
Forward-looking Statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements. Such uncertainties and factors include, among others, changes in general economic conditions and financial markets; changes in prices for gold, silver, and other metals; the timing and success of the Company’s proposed exploration programs; technological and operational hazards in Fortuna’s mining and mine development activities; risks inherent in mineral exploration; fluctuations in prices for energy, labor, materials, supplies and services; fluctuations in currencies; uncertainties inherent in the estimation of mineral reserves, mineral resources, and metal recoveries; the Company’s ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; governmental and other approvals; political unrest or instability in countries where Fortuna is active; labor relations issues; as well as those factors discussed under “Risk Factors” in the Company's Annual Information Form for the financial year ended December 31, 2024. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking Statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to, expected trends in mineral prices and currency exchange rates; that the Company’s activities will be in accordance with the Company’s public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained; that there will be no significant disruptions affecting operations and such other assumptions as set out herein.
Forward-looking Statements are made as of the date hereof and the Company disclaims any obligation to update any Forward-looking Statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that Forward-looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on Forward-looking Statements.
PDF available: http://ml.globenewswire.com/Resource/Download/17669bc1-6aa3-40c9-b85e-c0372c0c9731
2025-10-02 09:263mo ago
2025-10-02 05:003mo ago
DigitalOcean Expands AI Ecosystem, Launches Partner Program to Accelerate Innovation and Empower Startups and Builders
LONDON--(BUSINESS WIRE)--DigitalOcean (NYSE: DOCN), the comprehensive agentic cloud, today announced a significant expansion of its AI offerings within the DigitalOcean AI Ecosystem and the formal introduction of the DigitalOcean AI Partner Program. Unveiled at its Deploy London conference, these initiatives bring together leading technology innovators, systems integrators, venture firms, and AI-native startups to create a comprehensive, flexible, and powerful environment for building the next generation of AI applications.
The DigitalOcean AI Ecosystem allows customers to explore what’s possible on DigitalOcean’s comprehensive agentic cloud, helping AI-natives and digital native enterprises create and deploy AI applications seamlessly and effectively. Users of DigitalOcean GradientTM AI Agentic Cloud products benefit from a full suite of tools for AI development, including efficient AMD and NVIDIA GPUs, access to advanced models from leading companies like OpenAI, DeepSeek, Meta, and Mistral. The Ecosystem also offers integrations with popular AI development and integration frameworks such as LangChain, LiteLLM, and dStack. Teaming up with these companies is crucial to providing the "just right" comprehensive toolset that enables businesses to build and ship AI products faster.
DigitalOcean continues to enhance its Gradient AI Agentic Cloud, with several planned integrations including media models from Fal.ai, enabling users to seamlessly generate voice, image, and video within their AI applications, as well as the ability to leverage Vector Search from MongoDB to create more intelligent applications on one comprehensive platform.
“At the heart of AI's progress are the developers who are turning ideas into reality. The Gradient AI Ecosystem is a powerful force multiplier for them, proving that the future isn't just about silicon—it's about software and the collaborative community built on top of it,” said Anush Elangovan, VP of AI Software at AMD. “By providing high-performance AMD GPUs through DigitalOcean’s Gradient AI Agentic Cloud, we ensure the ecosystem is powered by world-class, open-standard hardware. We're not just providing infrastructure; together we're powering the software and the community that will invent tomorrow's AI.”
The comprehensive feature set of the Gradient AI Agentic Cloud empowers developers and enterprises to build powerful, innovative AI applications, offering choice and flexibility through embedded partner integrations and workflows. The dynamic Gradient AI Ecosystem provides AI startups and digital native enterprises like Telnyx and Scribe the ability to future-proof their solutions with access to cutting-edge technology, services, and guidance from DigitalOcean’s partners, opportunities to expand their AI capabilities, and advance their innovations as the industry continues to evolve.
“Our team is committed to giving developers and digital native enterprises the resources, tools, and community they need to scale," said Wade Wegner, Chief Ecosystem and Growth Officer at DigitalOcean. "The DigitalOcean AI Ecosystem extends that support into AI, offering access to practical use cases, tutorials, partner resources, and shared knowledge to accelerate AI-native application development."
The newly launched DigitalOcean AI Partner Program is a cornerstone of the DigitalOcean AI Ecosystem, creating a powerful growth engine for both partners and customers. The DigitalOcean program is designed specifically with AI development and speed in mind. It exceeds standard industry benefits, offering unique advantages built to help partners thrive, including:
Extensive Developer Marketing Support: Gain access to DigitalOcean’s renowned developer marketing engine, that reaches a global audience of over 3 million developers, through joint activities such as technical content, tutorials, and social content
Community and Event Opportunities: Connect with developers through DigitalOcean’s hundreds of annual community, customer, and partner events, including Hacktoberfest, the celebration of developers and open source that reaches over 90,000 participants annually.
Joint Product Development and Channel to Market: Gain access to invaluable channels to market and accelerate growth with the ability to offer products and services directly to DigitalOcean’s 640k+ customers.
"We're thrilled to deepen our collaboration with DigitalOcean, leveraging the Gradient AI platform for its robust infrastructure and tools that power some of our AI applications," said Gorkem Yurtseven, CTO at Fal.ai. "Joining the DigitalOcean AI Partner Program was an attractive next step, as the program offers great opportunities to reach a broad developer audience. We are particularly excited for our upcoming joint integration, which surfaces our generative media platform directly to Gradient AI Platform builders."
The multi-track program provides tailored benefits for several distinct categories:
AI Startups and Natives: Emerging AI leaders receive credits, high-touch product support, unique co-marketing opportunities, and go-to-market resources to help them scale.
Technology Platforms: Leading infrastructure providers, model builders, and AI developer tools receive deep integration support and co-marketing opportunities.
Systems Integrators: A network of expert consultants and builders receive go-to-market resources, product support, and early access to help customers migrate workloads and build robust AI implementations together with DigitalOcean.
Venture Firms: Investment Firms and Accelerators can design customized programs to support and enable their portfolio companies, empowering the next generation of AI-native startups to build, innovate, and scale on DigitalOcean.
“DigitalOcean’s agility makes it an effective partner for startups in a way that goes beyond infrastructure — their support has amplified our growth," said Anish Agarwal, CEO of Traversal. "The Gradient AI Ecosystem provided a strong foundation for us to successfully build agents for DigitalOcean that perform root cause analysis for production incidents and alerts, reducing MTTR by 38% in just a few months, with 82% of incidents in scope.”
Let’s drive the next wave of AI Innovation together. Join the DigitalOcean AI Partner Program and help us build the DigitalOcean AI Ecosystem.
About DigitalOcean
DigitalOcean is the simplest scalable cloud platform that democratizes cloud and AI for digital native enterprises around the world. Our mission is to simplify cloud computing and AI to allow builders to spend more time creating software that changes the world. More than 640,000 customers trust DigitalOcean to deliver the cloud, AI, and ML infrastructure they need to build and scale their organizations. To learn more about DigitalOcean, visit www.digitalocean.com.
2025-10-02 09:263mo ago
2025-10-02 05:003mo ago
Huize Holding Limited Announces Resignation of an Independent Director
SHENZHEN, China, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Huize Holding Limited (NASDAQ: HUIZ) ("Huize" or the "Company"), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in Asia, today announced that Mr. Aaron Xiaolei Hou has tendered his resignation from his position as an independent director from the board of directors (the “Board”) and as a member of each of the nominating and corporate governance committee, the audit committee and the compensation committee of the Board, effective September 30, 2025, due to personal reasons. Mr. Hou's resignation did not result from any disagreement with the Company. The Board has resolved to appoint Mr. Cunjun Ma as the chairperson of the nominating and corporate governance committee of the Board, replacing Mr. Hou’s role.
Mr. Cunjun Ma, Chairman and Chief Executive Officer of Huize, commented: "On behalf of the Company and the Board, I would like to express our gratitude to Mr. Hou for his invaluable contributions during his tenure as an independent director. His experience and insights have been instrumental in supporting Huize's corporate governance and strategic development. We thank him for his dedication and wish him continued success in his future endeavors."
About Huize Holding Limited
Huize Holding Limited is a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in Asia. Targeting mass affluent consumers, Huize is dedicated to serving consumers for their life-long insurance needs. Its online-to-offline integrated insurance ecosystem covers the entire insurance life cycle and offers consumers a wide spectrum of insurance products, one-stop services, and a streamlined transaction experience across all scenarios. By leveraging AI, data analytics, and digital capabilities, Huize empowers the insurance service chain with proprietary technology-enabled solutions for insurance consultation, user engagement, marketing, risk management, and claims service.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Huize’s beliefs and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, business outlook and quotations from management in this announcement contain forward-looking statements. Huize may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Huize’s goal and strategies; Huize’s expansion plans; Huize’s future business development, financial condition and results of operations; Huize’s expectation regarding the demand for, and market acceptance of, its online insurance products; Huize’s expectations regarding its relationship with insurer partners and insurance clients and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing.
Further information regarding these and other risks is included in Huize’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Huize does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
Investor Relations
Kenny Lo
Investor Relations Manager [email protected]
RAS AL KHAIMAH, United Arab Emirates, Oct. 02, 2025 (GLOBE NEWSWIRE) -- WeRide (Nasdaq: WRD), a global leader in autonomous driving technology, today announced the launch of Robotaxi GXR and Robobus pilot operations in partnership with the Ras Al Khaimah Transport Authority (RAKTA).
This represents WeRide's first deployment in Ras Al Khaimah and its expansion into a third emirate in the UAE. The pilot integrates WeRide's autonomous vehicles (AVs) into Ras Al Khaimah's public transport system, laying the foundation for broader commercialization across the country. As the sole partner selected for the emirate's smart mobility strategy, WeRide is also the first and only AV company with active operations in Ras Al Khaimah.
The launch was marked by His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah becoming the first passenger to ride the WeRide Robobus on public roads. He was joined by Zhang Yiming, Chinese Ambassador to the UAE, and H.E. Eng. Esmaeel Hasan Alblooshi, Director General of RAKTA — underlining strong China-UAE collaboration in next-generation transport.
From right: H.H. Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah; and Zhang Yiming, Chinese ambassador to the UAE, riding WeRide's Robobus
Starting today, WeRide's Robobus will operate across nine stops on Al Marjan Island, a fast-growing tourism and lifestyle hub in Ras Al Khaimah. Routes will connect hotels, resorts, and landmarks, including the Mövenpick Resort, Hampton by Hilton, and Pullman Hotel, with plans to extend into Mina Island. In parallel, the Robotaxi GXR will serve the city center of Ras Al Khaimah, expanding autonomous mobility beyond tourism areas into the daily lives of residents.
Commercial operations are scheduled to begin in early 2026 as part of RAKTA's public transport system. Passengers will be able to book Robotaxi rides and track Robobus locations via RAKTA's digital mobility app. Services will start with a safety officer onboard, with fully driverless operations planned for a later phase pending regulatory approval.
This launch marks a key milestone in RAKTA’s Comprehensive Mobility Plan 2030, which aims to integrate multiple transport modes into the existing mobility network while advancing sustainability. As part of this plan, RAKTA is developing a regulatory framework for the autonomous mobility sector in line with international best practices and building local capacity to oversee its implementation.
To strengthen collaboration, WeRide also signed a Memorandum of Understanding (MoU) with RAKTA during the launch ceremony, covering the provision of advanced technical solutions, operational support, and training to ensure the safe and efficient deployment of AVs in Ras Al Khaimah. Signed by H.E. Eng. Esmaeel Hasan Alblooshi, Director General of RAKTA, and Jennifer Li, CFO and Head of International of WeRide, the MoU sets the stage for future commercial operations and the broader integration of WeRide's AVs into the emirate's transport network.
The pilot operations and MoU signing follow His Highness Sheikh Saud’s visit to WeRide’s headquarters in Guangzhou last November.
Often called the "Las Vegas of the Middle East", Ras Al Khaimah is accelerating its tourism push, particularly on Al Marjan Island, which will host the Middle East's first casino. Through its partnership with RAKTA, WeRide is supporting Ras Al Khaimah's vision for autonomous transport by enhancing first- and last-mile connectivity, and assisting in the development of protocols and operational standards for the wider deployment of AVs in the city.
About WeRide
WeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded Robotaxi company. Our autonomous vehicles have been tested or operated in over 30 cities across 11 countries. We are also the first and only technology company whose products have received autonomous driving permits in seven markets: China, the UAE, Singapore, France, Saudi Arabia, Belgium, and the US. Empowered by the smart, versatile, cost-effective, and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services from L2 to L4, addressing transportation needs in the mobility, logistics, and sanitation industries. WeRide was named to Fortune's 2025 Change the World and 2025 Future 50 lists.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about WeRide’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in WeRide’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release. WeRide does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/09188151-bfb3-43f5-9127-13b92aa46725
Tech giant Meta is rushing to CoreWeave for AI capacity.
CoreWeave (CRWV 0.15%) has grabbed investors' attention for a few reasons over the past several months. The company has secured a close relationship with artificial intelligence (AI) chip giant Nvidia, and this is a key to the success of its own business, which is offering AI compute capacity to customers.
This young AI player also announced soaring revenue growth over the past two quarters, reporting results as it became a publicly traded company. Finally, since that March initial public offering, CoreWeave's stock has surged more than 200%.
But that isn't the end of the good news. In recent weeks, CoreWeave has demonstrated the strength of its business by signing billion-dollar deals with customers, from an expansion of an agreement with research lab OpenAI to a new $14 billion deal with technology giant Meta Platforms (META -2.25%). Is CoreWeave a buy after this latest news?
Image source: Getty Images.
GPUs for rent
First, a note about CoreWeave's business and why customers have been flocking to it. The company operates in the GPU-as-a-service (GPUaaS) market, meaning it offers graphics processing units (GPUs) for rent to customers. They can rent this compute for a very short period of time, on an hourly basis, or for a longer-term project.
CoreWeave competes with other cloud providers, but it stands out by specifically focusing on AI workloads, and this helps it optimize efficiency for customers. Larger cloud companies such as Microsoft or Amazon via Amazon Web Services are more general purpose, offering AI services as well as a range of other products and services beyond AI.
Nvidia clearly is a supporter of the CoreWeave business model as it has invested in the stock and now holds 7% of the company. And just a few weeks ago, Nvidia signed an agreement with CoreWeave pledging to buy any of its unused capacity through 2032.
This relationship has other benefits, too, as CoreWeave, which operates a fleet of more than 250,000 GPUs across three dozen data centers, has been the first to make Nvidia's latest innovations available to customers.
Working with OpenAI
In recent days, OpenAI expanded its agreement with CoreWeave to more than $22 billion from an initial agreement worth about $12 billion. This allows OpenAI to use CoreWeave's capacity to train its latest advanced models.
And earlier this week, CoreWeave announced a $14.2 billion cloud infrastructure deal with Meta, offering this "Magnificent Seven" company access to CoreWeave compute. You may think of social media when you think of Meta -- since it is the owner of leading apps such as Facebook and Instagram -- but this company also is a major player in the AI space.
A couple of years ago, Meta announced this push into AI and it has developed its own large language model and poured billions of dollars into AI investments. The goal is to use AI tools, such as Meta's AI assistant, to keep users on its apps longer and to harness AI to improve the advertising experience. All of this could supercharge Meta's advertising revenue over the long run, and Meta's research also could lead to other products and services. This makes Meta an important AI customer for CoreWeave.
Should you buy CoreWeave now?
So, is CoreWeave a buy after this latest news? The Meta deal, along with the expanded OpenAI contract, shows that demand for CoreWeave's services is there -- from AI leaders. And considering infrastructure spending is forecast to reach into the trillions by the end of the decade, demand and revenue could continue roaring higher.
In the latest quarter, CoreWeave announced a tripling of revenue to $1.2 billion, and though the company isn't yet profitable, this is understandable at this stage. Its main focus right now is investing to keep up with this customer demand for capacity. Still, CoreWeave isn't the best choice for a cautious investor at this point. So if this is your investment style, you should keep the stock on your watch list until the company takes more steps toward profitability.
But, if you're an aggressive investor comfortable with more risk, CoreWeave makes a fantastic buy now. These latest contracts show that the industry's leaders are turning to this up-and-coming AI player, and this could result in exploding growth as this AI boom advances.
Adria Cimino has positions in Amazon. The Motley Fool has positions in and recommends Amazon, Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
2025-10-02 09:263mo ago
2025-10-02 05:053mo ago
Novo, Lilly weight-loss drugs should be first option obesity treatments, European doctors say
Item 1 of 2 FA combination image shows an injection pen of Zepbound, Eli Lilly's weight loss drug, and boxes of Wegovy, made by Novo Nordisk. REUTERS/Hollie Adams/Brendan McDermid/Combination/File Photo
[1/2]FA combination image shows an injection pen of Zepbound, Eli Lilly's weight loss drug, and boxes of Wegovy, made by Novo Nordisk. REUTERS/Hollie Adams/Brendan McDermid/Combination/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesMost effective drugs for obesity and its complications are semaglutide, tirzepatide, new European guideline saysCertain GLP-1 drugs are best for specific complicationsThe non-binding guideline emphasizes economic considerations in obesity treatmentOct 2 (Reuters) - Novo Nordisk's
(NOVOb.CO), opens new tab and Eli Lilly's
(LLY.N), opens new tab blockbuster weight-loss drugs should be the first medicines doctors reach for to treat obesity and its complications, a major European medical association advised on Thursday.
Semaglutide, the active ingredient in Novo’s Wegovy and Ozempic, and tirzepatide, sold as Zepbound and Mounjaro by Lilly, are so effective that they should be the first choice in almost all cases when substantial weight loss is necessary, according to a new guideline from the European Association for the Study of Obesity published in Nature Medicine.
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When a lesser degree of weight loss is required, other medications can be considered, including liraglutide, an older, less effective drug from the same class, naltrexone–bupropion, and phentermine-topiramate, the guideline says.
The EASO guidelines are non-binding on individual countries.
Semaglutide, tirzepatide, and other drugs from the class known as GLP-1 agonists are completely transforming care of obesity and its complications, coauthor Dr. Andreea Ciudin of Vall d’Hebron University Hospital in Barcelona said in a statement.
Although no treatment algorithm can replace the nuanced clinical judgment necessary for comprehensive patient care, the new guidelines can serve to support therapeutic decision-making in obesity, she said.
SPECIFIC DRUGS FOR SPECIFIC CONDITIONSThe guideline authors analyzed previous clinical trial results, evaluating the impact of medications on weight loss, their safety profile, and their effectiveness in the presence of specific complications.
For patients with the physical consequences of too much fatty, or adipose, tissue, tirzepatide should be considered as the first-line treatment for addressing obstructive sleep apnea, and semaglutide for those with knee osteoarthritis, the authors determined.
For patients with conditions linked with obesity-related metabolic and immune dysfunction, they recommend semaglutide as a first choice for those with a history of heart disease or stroke, tirzepatide for individuals with non-alcoholic fatty liver disease, and either tirzepatide or semaglutide for those with prediabetes or type 2 diabetes.
The class of drugs was originally developed to treat type 2 diabetes.
While the drugs are expensive and economic considerations are complex, the cost of not treating obesity at early stages, “thus enabling the progression to complications and end-organ damage, should be weighed equally in health policy and clinical decision-making,” the guideline authors wrote.
The management of obesity should not be limited to weight loss and its complications but should focus on enhanced mental well-being, physical fitness, social functioning, and overall health and quality of life as well, they also said.
Most of the newer medications have not been evaluated for the treatment of individual complications, they acknowledge.
Still, the authors say, the weight-loss effects have been strongly associated with improvements in various complications and there is growing potential for them to positively influence a broader range of disorders such as chronic kidney disease, neurodegenerative diseases, polycystic ovary syndrome, certain cancers, and mental health conditions.
“Given the rapid advances in the field of medications to treat obesity, EASO intends to update the present treatment algorithm regularly to incorporate the latest available evidence,” society President Professor Volkan Yumuk of Istanbul University-Cerrahpaşa said in a statement.
The American College of Lifestyle Medicine, the American Society for Nutrition, the Obesity Medicine Association, and The Obesity Society jointly advised in June that GLP-1 treatment must be accompanied by nutritional and lifestyle strategies.
“Although GLP‐1s alone can produce significant weight reduction and related health benefits, several challenges limit its long‐term success for individuals and populations,” including gastrointestinal side effects, risk of nutrient inadequacies, muscle and bone loss, high costs, frequent discontinuation, and weight regain,” the advisory said.
Reporting by Nancy Lapid; Editing by Caroline Humer and Bill Berkrot
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Nancy has been a health news reporter and editor at Reuters for more than a decade, covering important medical research advances. She is the author of our twice-a-week Reuters Health Rounds newsletter.
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.
CarMax (NYSE:KMX) shares have dropped by 23% during the past five trading days, reaching approximately $44 per share. Furthermore, the stock is now down over 40% year-to-date.
2025-10-02 09:263mo ago
2025-10-02 05:113mo ago
M&S, Sainsbury's, Kingfisher and Frasers climb on report of business rates break
Shares in UK grocers, including Marks and Spencer Group PLC (LSE:MKS) and Tesco PLC (LSE:TSCO), were among the big risers on Thursday morning on the back of a report suggesting the government is considering exempting supermarkets from an increase in business rates.
The Financial Times reported that the Treasury is poised to remove larger retailers from the top band of business rates, following intense lobbying pressure from supermarkets, with Chancellor Rachel Reeves having met leaders from the sector recently.
Recently reignited food inflation is also likely to be a key influence on the Chancellor’s decision, with knock-on implications for Bank of England’s interest rates, which have been coming down more slowly than many would hope due to elevated UK inflation.
Global food and fuel prices have been a key contributor, with the most recent official data showing food prices climbing for the fifth consecutive month in August, hitting a 20-month high of 5.1%.
Economists have warned that this resurgence in food inflation risks slowing progress on bringing overall inflation back to target.
Industry figures published this week pointed to food inflation holding steady in September, with the British Retail Consortium saying shop prices are being pushed higher by a combination of global commodity pressures and domestic cost burdens, including higher national insurance contributions and wage costs introduced in last year’s budget, alongside a new levy on plastic packaging that came into effect in October.
Tesco shares rose 4.1%, helped by half-year results, while Marks & Spencer was up 2.7%, J Sainsbury PLC (LSE:SBRY) B&Q owner Kingfisher PLC (LSE:KGF) both rose around 1%, Next PLC (LSE:NXT) 0.4% among FTSE 100 firms.
Among mid-caps, Sports Direct and House of Fraser owner Frasers Group PLC (LSE:FRAS), AO World PLC (LSE:AO.), Pets at Home Group PLC (LSE:PETS), Dunelm Group PLC (LSE:DNLM) and Moonpig Group PLC (LSE:MOON) were all up over 1%.
2025-10-02 09:263mo ago
2025-10-02 05:143mo ago
NIQ: Gen X in APAC to Spend USD 4.4 Trillion by End of 2025, Rising to USD 5.7 Trillion by 2030
SINGAPORE--(BUSINESS WIRE)--NielsenIQ (“NIQ”) (NYSE: NIQ), a leader in consumer intelligence, in collaboration with World Data Lab (WDL), today reveal that Generation X is emerging as a trillion-dollar consumer powerhouse in Asia Pacific — and yet, remains under-recognized in marketing strategies across industries.
Often referred to as the “invisible generation,” Gen X (born 1965–1980) wields extraordinary economic influence, especially in multigenerational households common across the region. The global generational spending report, The X Factor: How Generation X is quietly driving trillions in consumer spending, found that Gen X in Asia Pacific is projected to spend an estimated USD 4.4 trillion by end of 2025. The figure is expected to rise to USD 5.7 trillion by 2030, reflecting a steady growth as Gen X continues to support multigenerational households and drive demand across essential and premium categories. This cohort is in its peak earning and spending years, driving growth across consumer packaged goods (CPG) and tech & durables (T&D) categories.
“Marketers have been busy chasing Gen Z and Millennials, but Gen X is the one quietly holding the purse strings,” said Roosevelt D’Souza, Customer Success Leader for Asia Pacific at NIQ. “In many Asian households, they manage the family budget, influence what gets purchased, and take care of both their children and aging parents. That’s a level of influence brands cannot afford to ignore.”
Gen X’s dual role as caregiver and consumer is becoming even more pronounced. NIQ’s latest findings reveal that 27% of Gen X consumers in Asia Pacific expect to spend more time caring for senior relatives over the next 2-5 years—while also supporting their children or extended family. Meanwhile, 43% say that investing in health and wellness has become more important, as they recognize they may only be at the midpoint of their lives.
Strategic Imperative
The next five years represent a once in-a-lifetime window to capture GenX’s loyalty. By 2030, their share of global spending will begin to decline as Millennials take the lead. In China, Millennials are set to overtake Gen X spending by 2027. Brands that act now can secure long-term Gen X consumer behavior, championing brand innovation, and staying attuned to the shifting priorities and expectations of this influential cohort.
“Gen X is not a transitional generation—it’s the region’s present-day profit center,” stated Terence Colle, Managing Director, Strategic Analytics & Insights at NIQ Asia Pacific. “They are pragmatic, digitally fluent, and deeply influential. Our analysis shows that Gen X’s consumer behavior reflects both stability and high expectations. Brands that want to win in Asia Pacific must act now—by decoding Gen X’s decision-making patterns, anticipating their needs, and delivering meaningful innovation. The Gen X decade is underway, and the opportunity to earn their loyalty—and lifetime value—is closing fast.”
What Drives Gen X in APAC
Gen X consumers in Asia Pacific are financially confident, brand-loyal, and pragmatic —making them a key consumer segment across FMCG and Tech & Durables categories. Their shopper journey is marked by a practical approach to research, brand comparison, and multi-channel purchasing — blending in-store familiarity with digital convenience. Their spending is measured and intentional, reflecting the weight of multigenerational caregiving responsibilities. They prioritize trusted brands for daily essentials and selectively upgrade to premium products that offer quality and value, especially for shopping for their families. Health and wellness is a growing focus, with rising demand for vitamins, supplements, and aging-related products. They also embrace technology with a balanced mindset, favoring useful AI tools while maintaining data privacy concerns. Sustainability is a strong purchase driver, with many willing to switch retailers for greener alternatives. This high-intent, values-driven behavior positions Gen X as a commercially active and influential cohort for brands in Asia Pacific.
What Sets APAC Markets Apart
While APAC Gen X shares common consumer behaviors—such as trust in brands, digital fluency, and thoughtful spending—distinct market behaviors present critical opportunities for tailored strategies. Below are country-specific insights revealing what makes each market unique:
Australia
Gen X consumers in Australia acts as the CFO of three generations—driving spend across categories that reflect multigenerational needs, including vitamins, fresh eggs, flavored RTD (ready-to-drink) beverage, cheeses, frozen bakery snacks, energy drinks, frozen pasta meals, dog food, and large mammal foods. Some categories like diet/nutrition and other medicinal products can point to increased investment in self-care.
China
37% of global Gen X born in China; Millennials to overtake by 2027. Fastest-growing categories in China include bicycles & e-bikes, financial services fees, soft drinks, elder & dependent care, and air travel.
India
Gen X is not the dominant spending cohort but it is still significantly spending. Wine and air travel are two of the fastest-growing categories, followed by vehicles, financial services fees, and personal care durables.
Indonesia
Gen X consumers in Indonesia are driving growth in adult powder milk segment, especially through sachet formats that support affordability and trial. Household penetration is increasing with the introduction of sachet packs, signaling growing health consciousness and a shift towards convenient nutrition.
Japan
Projected to spend over USD 728 billion by 2030
Korea
Gen X in Korea is prioritizing aging-related health needs, with significant growth in online sales of joint health and bone health products. Notable trends include rising sales of chondroitin (+49% vs YOY/MAT April 2024) for joint support, as well as MBP (Milk Basic Protein, +10% YoY/MAT April 2024) for bone health. Cognitive enhancement products like phosphatidylserine (+168% YoY/MAT April 2024) are also gaining traction, reflecting Gen X’s growing sophistication and diversification in health choices.
Singapore
Per capita spending projected at USD 27,500 in 2025, rising to USD 33,500 by 2030
Thailand
Expected to spend over USD 80.4 billion by end of 2025, rising to more than USD 94.2 billion by 2030
About The X Factor
The X Factor: How Generation X is quietly driving trillions in consumer spending provides a global analysis of Gen X consumer behavior and spending trends, based on proprietary NIQ and World Data Lab (WDL) data, including WDL’s consumer spending forecasts. This report will show why the next decade represents a once-in-a-lifetime opportunity for brands and retailers to capture Gen X loyalty and lifetime value. Download a free copy of the report.
About NIQ
NielsenIQ (NIQ) is a leading consumer intelligence company, delivering the most complete understanding of consumer buying behavior and revealing new pathways to growth. Our global reach spans over 90 countries covering approximately 85% of the world's population and more than $7.2 trillion in global consumer spend. With a holistic retail read and the most comprehensive consumer insights—delivered with advanced analytics through state-of-the-art platforms—NIQ delivers the Full View™.
For more information, please visit www.niq.com.
About World Data Lab
World Data Lab (WDL) creates forward-looking proprietary data to quantify and forecast consumer trends, consumer spending, demographic shifts, and progress towards the Sustainable Development Goals up to 2034. Our advanced data science approach, which has been peer-reviewed and published in Nature, delivers unrivaled accuracy, freshness, and consistency across all demographic groups in 180 countries and more than 6,000 cities.
For more information or questions, please visit https://worlddatalab.com or contact [email protected]
Forward-Looking Statement
This press release may contain forward-looking statements regarding anticipated consumer behaviors, market trends, and industry developments. These statements reflect current expectations and projections based on available data, historical patterns, and various assumptions. Words such as “expects,” “anticipates,” “projects,” “believes,” “forecasts,” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future outcomes and are subject to inherent uncertainties, including changes in consumer preferences, economic conditions, technological advancements, and competitive dynamics. Actual results may differ materially from those expressed or implied in these statements. While we strive to base our insights on reliable data and sound methodologies, we undertake no obligation to update any forward-looking statements to reflect future events or circumstances, except to the extent required by applicable law.
Tesco PLC (LSE:TSCO) shares rose 4% to 446p to top the FTSE 100 on Thursday morning after it upgraded guidance and was boosted by news of a potential tax break in the upcoming Budget.
The supermarket giant reported an operating profit of £1.67 billion, which came in ahead of the £1.59 billion expected, while adjusted earnings per share of 15.4 pence also exceeded forecasts of 14.4 pence.
First-half sales of £33.05 billion for the 26 weeks to 23 August missed the company-compiled consensus of £35.91 billion, however.
Tesco said it now expects group adjuisted EBIT of £2.9-3.1 billion for the full year, up from £2.7-3 billion. This compared to a consensus forecast of £3 billion.
Free cash flow guidance remained unchanged at £1.4-1.8 billion, with the City consensus just over £1.6 billion.
The results and upgrade "caps a remarkable period of market share momentum, inflationary help, and weather-driven consumer spending uplift", said Jefferies analyst Frederick Wild.
UBS analyst Sreedhar Mahamkali said he expected Tesco to raise its lower end of guidance for EBIT but the group raised its top-end as well.
Q: How would we expect investors to react?
"We expect a positive response notwithstanding a slightly softer Q2 LFL," he said "Our conversations suggested that investors expected the lower end of the Group EBIT guidance to be raised but not necessarily the top end."
The raised outlook still suggests 4% decline in group EBIT in the second half, Mahamkali said, "unlikely except in the scenario of a step up in the intensity competition from Asda."
2025-10-02 09:263mo ago
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Tesla Reports Vehicle Deliveries on Thursday. What to Expect.
Wall Street projects third-quarter global EV delivery volumes of about 443,000 vehicles, down from about 463,000 delivered in the third quarter of 2024.
2025-10-02 09:263mo ago
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ASM International: Bump On The Road Won't Impair Solid Mid-Term Opportunities
SummaryASM International lowered FY25 growth outlook, reflecting near-term cyclical weakness and cautious near-term customer sentiment.ASMIY maintains confidence in long-term growth, targeting 12% annual revenue growth—double the wafer equipment market rate—driven by ALD and Epitaxy leadership.Despite short-term revenue warnings, the transition to advanced AI chips and memory nodes will boost demand for ASMIY's deposition technologies.I maintain a Buy rating on ASMIY, with a DCF-based target price indicating a 20% upside, focusing on long-term industry tailwinds over near-term volatility. Tanut Nitkumhan/iStock via Getty Images
Takeaway from the Investor Day On 23rd September, ASM International (OTCQX:ASMIY) (OTCPK:ASMXF) issued an outlook cut for FY25. Experiencing weaker near-term weakness in cyclical markets such as power and analog, while a bit of caution among its logic & foundry customers. As
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.
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Correction - Aker Carbon Capture ASA: Updated key information relating to payment of updated liquidation dividend
FORNEBU, Norway, Oct. 2, 2025 /PRNewswire/ -- Reference is made to the extraordinary general meeting of Aker Carbon Capture ASA (under liquidation) (the "Company") held on 5 August 2025 where the general meeting resolved to liquidate the Company and the announcement made by the Company on 1 October 2025 regarding an updated liquidation settlement and liquidation dividend. Key information relating to the updated liquidation dividend is set out below, where the record date has now been corrected: Dividend amount: NOK 0.137 per share Declared currency: NOK Last day including right: 10 October 2025 Ex-date: 13 October 2025 Record date: 14 October 2025 Payment date: On or about 17 October 2025 Date of approval: 1 October 2025 For further information:Media and Investors: Mats Ektvedt Mobile: 41423328E-mail: [email protected] This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and Euronext Oslo Rule Book II.
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Cardano Price Prediction: Could an ADA ETF Push Price Toward $2 or Beyond?
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250,000,000 XRP Bought in 2 Days: What Are Ripple Whales Up To?
Whales buy 250M XRP in 48 hours. Price nears ATH as ETF talk grows and key chart patterns suggest a possible breakout is coming.
Large holders of XRP have moved quickly, adding 250 million tokens to their wallets within 48 hours. This comes as price levels and market activity show early signs of a possible shift.
Analysts and traders are monitoring key metrics, including whale behavior, exchange flows, and technical resistance zones.
Whale Wallets Increase Holdings Rapidly
According to market analyst Ali Martinez, wallets holding between 100 million and 1 billion XRP accumulated 250 million tokens over a two-day period. This is a sharp rise after several weeks of flat activity among large holders. The change points to renewed movement from a group often linked with strategic positioning.
250 million $XRP bought by whales in 48 hours! pic.twitter.com/S0DZYQms7i
— Ali (@ali_charts) October 1, 2025
During this same period, the price of XRP moved from about $2.87 to $2.94. While this increase is modest, similar buying behavior in the past has often led to further price movement. Whether that trend continues is now a key focus for traders.
Meanwhile, data from CryptoQuant shows that XRP reserves on Binance rose sharply in late September. The total increased from around 3.1 billion to 3.5 billion XRP in a single day. It is the largest rise in reserves seen this year.
Source: CryptoQuant
Between January and August, XRP balances on Binance mostly declined as the asset’s price moved higher. The recent inflow may point to added liquidity for trading, internal shifts by the exchange, or possible preparation for selling. For now, XRP remains steady at close to $3.00.
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Price Nears Long-Term Resistance
XRP is currently trading near a major resistance level formed by its previous all-time high. Based on a multi-phase chart pattern shared by CW, the current market phase has historically aligned with strong upward price movement. The asset remains just below the key breakout zone.
Targets above this level include $6.61 and $21.5, based on technical projections. Market attention is also on reports that an XRP ETF may be approved by mid-month. CW noted,
“The real rally for $XRP is starting. It just needs to break above its ATH line.”
Source: CW/X
XRP vs Bitcoin Chart Builds Pressure
The XRP/BTC chart shows a W-pattern forming over the past six years. The 0.000027 BTC level remains the main resistance. According to CryptoWZRD, a breakout above that line would confirm a reversal and may trigger stronger performance for XRP against Bitcoin.
🔮 GAME STILL TO COME 🤩
What if I told you, the real move is still to come..
⚠️ For nearly 6 years $XRP against $BTC has been trading below 0.00002700, but the W-Pattern is ready 🚀
Once it breaks it will trigger a parabolic rally above $3.65 to new highs 😇 pic.twitter.com/kcLVjrYCtM
— CRYPTOWZRD (@cryptoWZRD_) October 1, 2025
In a separate update, the analyst reported a strong daily close for XRP, but noted that a move from XRP/BTC still depends on a drop in Bitcoin Dominance. Support is marked at $2.75, while a push above $3.15 could open the way to $3.65 or higher.
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2025-10-02 08:263mo ago
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Metaplanet Bitcoin Revenue Jumps 115.7% as Stock Plunges 67.5% in Q3
Metaplanet’s Bitcoin Income Generation revenue hit ¥2.438 billion ($16.56 million) in Q3 2025, up 115.7% from the prior quarter.The firm surpassed its 2025 target with 30,823 BTC, making it the fourth-largest public corporate holder.Despite strong results, Metaplanet’s stock dropped 67.5% in Q3, diverging sharply from Bitcoin’s 6.31% quarterly gain.Tokyo-based Metaplanet reported record Bitcoin (BTC) Income Generation revenues in its third-quarter results for fiscal year 2025, with revenue surging 115.7% compared to the previous quarter.
Furthermore, the company revealed it has already exceeded its annual BTC accumulation target. Given this performance, Metaplanet also raised its full-year revenue and operating profit forecasts.
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CEO Simon Gerovich revealed that in Q3 the firm pulled in ¥2.438 billion ($16.56 million) from its Bitcoin Income Generation segment. This was more than double the ¥1.131 billion (7.69 million) recorded in Q2. Furthermore, when compared to Q1, the firm’s revenue has a notable 216.6% increase.
Metaplanet’s Bitcoin Revenue. Source: X/Simon Gerovich
On the back of these results, the Tokyo-based firm doubled its full-year revenue forecast to ¥6.8 billion, up from ¥3.4 billion previously projected. It also raised its operating profit guidance to ¥4.7 billion from ¥2.5 billion.
The revisions represent a 100% increase in expected revenue and an 88% jump in projected profit compared to earlier estimates. This signals growing confidence in the company’s core strategy of positioning Bitcoin at the center of its financial model.
“Q3 results demonstrate operational scalability and strengthen the financial foundation for our planned Metaplanet preferred share issuance, which supports our broader Bitcoin Treasury strategy,” Gerovich wrote.
Besides the revenue milestones, in Q3, Metaplanet also completed its target of accumulating 30,000 Bitcoins by 2025. As of September 30, the company held 30,823 Bitcoins.
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The latest purchase of 5,268 BTC for approximately $615.67 million pushed the firm’s holdings past the target. Furthermore, the stack positions Metaplanet as the fourth-largest publicly listed Bitcoin holder globally.
Now, it only trails behind (Micro) Strategy, Tesla, and XXI, according to industry tracker BitcoinTreasuries. Moreover, Metaplanet’s Bitcoin treasury represents over 0.1% of the cryptocurrency’s total supply.
The company’s year-to-date Bitcoin yield now stands at 497.1%, with an overall average acquisition cost of $107,912 per Bitcoin across its holdings.
Despite operational success in Q3, the stock performance revealed a completely different picture. Market data revealed that stock prices dipped 67.5% between July and September.
Metaplanet Stock Performance In Q3. Source: TradingView.
In contrast, Coinglass data showed that Bitcoin itself closed Q3 with a 6.31% gain. The sharp sell-off underlines the challenge Metaplanet faces in aligning its operational achievements with investor confidence, even as it cements its role as one of the world’s largest corporate Bitcoin holders.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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Solana Ready For $320–$360 After Bullish Retest, Says Popular Crypto Analyst, But Polymarket Punters Bet SOL Is Going To This Level Instead
Solana (CRYPTO: SOL) rallied sharply alongside the broader market on Wednesday, but cryptocurrency bettors are not going overboard with lofty expectations for the year.
SOL Set To Enter Record Territory?The sixth-largest cryptocurrency by market capitalization jumped over 7% in the last 24 hours, erasing losses from the last week.
SOL's trading volume spiked 28% to $9 billion, making it one of the most transacted cryptocurrencies in the last 24 hours.
Widely followed cryptocurrency analyst and trader Ali Martinez highlighted that the coin completed the "bullish retest" of $210 as support and could be headed toward the record high zone of $320–$360, equating to an upside of 43%-61% from current prices.
See Also: Solana (SOL) Price Prediction: 2025, 2026, 2030
Which Way Are Prediction Markets Betting?Prediction markets, meanwhile, were less certain that these levels would be reached this year.
Despite a marked 10 percentage point jump, Polymarket punters placed only 37% odds on SOL exceeding $310 in 2025. Similarly, the probability of the coin topping $400 was 17%.
Bettors were more certain that SOL would exceed $260, placing 77% odds on this outcome, up from 65% the day before.
Meanwhile, bookmakers on Kalshi, a federally regulated prediction site, projected a 54% likelihood of SOL hitting a new all-time high before the year-end.
Price Action: At the time of writing, SOL was exchanging hands at $223.84, up 7.29% in the last 24 hours, according to data from Benzinga Pro.
Photo Courtesy: LEE WA DA on Shutterstock.com
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Bitcoin remains correlated with the price of gold, albeit with a considerable lag, meaning that there could be huge gains ahead.
Bitcoin has been highly correlated to gold with an 8-week lag, observed investor and analyst Ted Pillows this week. This means that the price of BTC could follow what has happened with gold roughly two months later, around late November.
“Right now, gold is hitting new highs, which means Bitcoin will do this next,” Pillows added before cautioning that there could be another correction before the big fourth quarter for crypto.
Gold prices hit an all-time high of $3,900 per ounce on Wednesday.
$BTC has been highly correlated to Gold with an 8-week lag.
Right now, Gold is hitting new highs, which means Bitcoin will do this next.
Maybe we could see another correction, but overall Q4 will be big for Bitcoin. pic.twitter.com/RkOTTgsfG3
— Ted (@TedPillows) September 30, 2025
When Bitcoin ATH?
If Bitcoin was going to run a catch-up to gold, it would imply now is the time, said venture capitalist Chris Burniske.
“Gold has a head start, but we all know how it will end,” added trader Luke Martin.
Last month, analyst Miles Deutscher described the increasing gold prices as an anchor for Bitcoin, implying that it will be pulled up after the lag. Gold has gained a whopping 47% since the beginning of this year, which is monumental for the usually slow-moving precious yellow metal. Comparatively, Bitcoin has gained just 27% since January 1, and coming second to the commodity is very rare.
“The good news for Bitcoin is that sooner or later, gold will get tired,” said ByteTree analyst Charlie Morris last week.
Earlier this year, head of growth at Theya, Joe Consorti, said Bitcoin follows gold’s directional bias with a lag of 100-150 days, saying, “When the printer roars to life, gold sniffs it out first, then Bitcoin follows.”
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“Monetary easing and seller exhaustion give BTC the same macro backdrop as last year’s surge past $100,000,” he said on Wednesday before predicting:
“If BTC rises by October’s historical average, $150,000 by Halloween may be in store.”
October is here, and bitcoin is off to a strong start.
Monetary easing and seller exhaustion give BTC the same macro backdrop as last year’s surge past $100k.
If BTC rises by October’s historical average, $150,000 by Halloween may be in store.
[Presented by @JoinHorizon_] pic.twitter.com/pTTUVhj5AQ
— Joe Consorti ⚡️ (@JoeConsorti) October 1, 2025
Why Is Gold Surging?
Gold prices have been surging in recent months due to trade uncertainty from tariffs imposed by the Trump administration. Central banks have also been buying gold while economic uncertainty and geopolitical risks have increased.
Meanwhile, the US dollar has weakened by 12% this year, and inflation continues to be a problem in many countries, prompting investors to flock to the safe-haven commodity.
The good news for crypto investors is that Bitcoin usually follows, while end-of-year and bull market seasonality could see a solid couple of months ahead for digital gold.
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2025-10-02 08:263mo ago
2025-10-02 03:333mo ago
Ethereum Loses Critical Holders' Support, Yet Buyers Aren't Backing Off
Ethereum trades at $4,383, nearing $4,500 resistance as long-term holders exit, raising doubts over near-term price sustainability.Rising Chaikin Money Flow shows strong inflows from short- and mid-term investors, offsetting LTH selling and stabilizing ETH’s momentum.A breakout above $4,500 could send ETH to $4,775 and $4,956, but failure risks decline to $4,222 or $4,074 support levels.Ethereum (ETH) has staged a recovery after bouncing from recent lows, pushing closer to the $4,500 level. The rally comes even as some of the most crucial long-term holders (LTHs) exit positions.
Other investors, however, appear to be countering the impact through consistent inflows that are supporting price strength.
Ethereum Investors Counter Each Other
On-chain data shows Ethereum’s Liveliness metric trending higher, a signal that long-term holders continue to sell. This group holds significant influence, and their selling often creates downward pressure on ETH’s valuation. Their recent activity reflects caution and suggests that some larger investors remain unconvinced about near-term sustainability.
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The problem lies in the weight these holders carry in the market. When LTHs reduce exposure, their moves tend to unsettle traders and trigger selling cascades. While Ethereum has maintained upward momentum so far, the persistence of LTH exits raises questions about how long the strength can last.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
Ethereum Liveliness. Source: Glassnode
Despite the selling, other investor groups are offsetting the impact. The Chaikin Money Flow (CMF) has risen sharply, reflecting a surge in inflows into Ethereum. This increase suggests that conviction among short-term and mid-term holders is growing, with capital entering the market at a steady pace.
The uptick in inflows provides balance against LTH selling pressure. Strong demand and continued confidence from these groups are helping ETH stabilize, reducing the risk of deeper declines. This resilience indicates that market participants see long-term value in Ethereum despite mixed signals from influential holders.
ETH CMF. Source: TradingView
ETH Price Faces Resistance
Ethereum is trading at $4,383, just below the $4,500 resistance level. The altcoin king has attempted several times to secure $4,500 as a support floor but has not yet succeeded. This remains the most critical barrier in determining ETH’s near-term direction.
If inflows continue strengthening, ETH could break past $4,500 and secure it as support. Such a move would pave the way for a rise toward $4,775 and potentially retest the all-time high of $4,956. The continuation of this momentum would reinforce a strongly bullish outlook.
ETH Price Analysis. Source: TradingView
However, failure to breach resistance could change sentiment. Ethereum risks slipping back to $4,222 support, with the possibility of falling to $4,074. Such a decline would invalidate the bullish thesis and signal renewed weakness in the altcoin king’s price action.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
2025-10-02 08:263mo ago
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Zcash Price Prediction 2025, 2026 – 2030: Is ZEC A Good Investment?
Story HighlightsThe live price of the Zcash token is $ 147.10885825Zcash surges 160% this week; price may hit $185 by end of 2025 amid network upgrades and cross-chain swap launch.ZEC long-term forecast: Analysts predict $112 avg in 2025, with potential highs of $185 and bullish growth through 2030.Zcash is a decentralized cryptocurrency that focuses on privacy and anonymity, enabling users to send money without revealing transaction details. Ranked 46th among cryptocurrencies by market cap, ZEC remains a niche yet relevant player in the space.
Zcash (ZEC) has surged higher this week, rallying over 160% in the past seven days, with today’s price trading near $150.
Meanwhile, analysts are revising long-term forecasts and debating whether ZEC could be a solid investment for the years ahead.
Read this Zcash price prediction 2025, 2026-2030.
Zcash Price TodayCryptocurrencyZcashTokenZECPrice$147.1089 73.31% Market Cap$ 2,389,447,613.9324h Volume$ 1,100,523,841.6415Circulating Supply16,242,717.4155Total Supply16,242,717.4155All-Time High$ 5,941.7998 on 29 October 2016All-Time Low$ 15.9691 on 05 July 2024CoinPedia’s Zcash Price PredictionConsidering the growing Zcash network upgrade and the upcoming announcement, CoinPedia’s formulated a ZEC price prediction. The price might reach the $185 to $200 mark by the end of 2025.
If the network fails to execute its plan, then the price can flip into a bearish trap and dip below $58. Considering the everyday buy and sell pressure, and keeping the above factors in mind. The average price by the end of 2025 would be around $112.
YearPotential Low($)Average Price($)Potential High($)2025$58$112.50$185Zcash made big progress in 2025, pushing forward as a leading privacy coin. The biggest step was Network Upgrade 6.1, introducing Crosslink, a mix of Proof-of-Work and Proof-of-Stake.
Further, in September 2025, cross-chain swaps went live, letting users privately swap ZEC with Bitcoin and Ethereum
With the anticipated bull run, the altcoin can reach the height of $185, with a potential low of $58, making an average of $112.50.
YearPotential Low($)Average Price($)Potential High($)2025$58$112.50$185Zcash Price Prediction 2026 – 2030Price PredictionPotential Low($)Average Price($)Potential High($)2026$319$362$3852027$438$5045142028$572$663$6832029$705$783$8152030$1002$1052$1110What Does The Market Say?First Name202520262030DigitalCoinPrice$326$385$1110priceprediction.net$212$331$1054CoinCodex$219$296$993*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.
Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQsWhat is the Zcash price prediction in 2025?
Based on anticipated network progress, the Zcash (ZEC) price prediction for 2025 ranges widely, with a potential high between $185 and $200 and an average expected price around $112.50.
How much will Zcash be worth in 2030?
Analysts are optimistic about the long-term potential, with predictions suggesting Zcash (ZEC) could trade for well over $1,000 by 2030. High-end forecasts place the potential value around $1,110.
What factors influence Zcash’s future price?
Price depends on network upgrades, cross-chain adoption, overall crypto market trends, investor sentiment, and regulatory developments.
Is Zcash a good long-term investment?
Zcash offers strong privacy tech and capped supply, making it appealing for long-term holders, though volatility and regulatory risks remain.
Disclaimer and Risk WarningThe price predictions in this article are based on the author's personal analysis and opinions. CoinPedia does not endorse or guarantee these views. Investors should conduct independent research before making any financial decisions.
2025-10-02 08:263mo ago
2025-10-02 03:353mo ago
Bitcoin Price Forecast: Can BTC Break Through the $120,000 Barrier in October?
It doesn’t guarantee a major crash, but it suggests Bitcoin may need to cool off before pushing higher.
Interestingly, Bitcoin’s rally came just days after forming a Golden Cross on the chart, when the 50-period exponential moving average (EMA) crosses above the 200 EMA.
When the short-term EMA crosses above the long-term one, it’s often seen as a long-term bullish signal.
But they don’t immediately translate into price gains. In mid-September, for instance, BTC dipped by over 2% despite printing a golden crossover, only to rise after testing the 50-period EMA as support.
A similar scenario could lead BTC price toward its 50-period EMA at around $113,675, a level aligning with the 0.382 Fibonacci retracement line, by mid-October.
BTC Daily Chart Points to $120,000 and Beyond
Zooming out to the daily time frame, Bitcoin has confirmed a breakout from a falling wedge pattern, a bullish setup where price squeezes between two downward-sloping lines before springing higher.
The breakout projects a technical target above $120,000, which conveniently overlaps with the upper boundary of a larger broadening wedge pattern (the dashed range in the chart below).
2025-10-02 08:263mo ago
2025-10-02 03:363mo ago
DoubleZero (2Z) secures Upbit and Binance Alpha listing after clearing SEC probe
2Z, the native token of the decentralized cloud platform DoubleZero, is set to be listed on multiple exchanges, including Binance Alpha and Upbit, later today. The listing comes just days after the altcoin was deemed to fall outside the scope of U.S. securities laws.
Summary
DoubleZero will be listed on major exchanges like Binance Alpha and Upbit today.
The listings come days after the U.S. SEC issued regulatory clearance for the token.
According to an official announcement, Binance Alpha will be the first platform to list the DoubleZero (2Z) token, with trading set to go live on Oct. 2 at 12:00 p.m. 30 minutes later, Binance Futures will launch a perpetual contract for the token, enabling trading with up to 50x leverage.
It should be noted that a listing on Binance Alpha or Binance Futures does not guarantee it will automatically be listed on the main Binance spot platform. Projects must still demonstrate strong community engagement and sustained trading activity before being considered for a full listing.
Meanwhile, other major exchanges that would add support for the token on the same day included Upbit and Bitget.
The listings coincide with the DoubleZero mainnet-beta launch, marking progress as the project works towards a full mainnet release. It will also mark DoubleZero’s token generation event, which will reportedly establish a genesis supply of 10 billion 2Z tokens.
However, it should be noted that DoubleZero follows an inflationary model, which means the token’s maximum supply is not capped, as new tokens may be minted over time while others are burned to balance network incentives.
Its tokenomics data reveal that only an estimated 350–400 million tokens (around 3.5–4% of supply) will enter circulation, primarily from validator allocations and partial community airdrops, while the majority of tokens will remain locked under multi-year vesting schedules for the team, investors, and ecosystem funds.
The total amount of tokens earmarked for airdrops is 1.28 billion 2Z, representing 12.8% of the genesis supply.
2Z token cleared by the SEC
2Z’s launch will come just days after DoubleZero secured a rare no-action letter from the United States Securities and Exchange Commission.
In the letter, published on Sep. 29 by the SEC’s Division of Corporation Finance, the agency confirmed it would not recommend enforcement against DoubleZero’s distribution of 2Z tokens under the conditions outlined by its counsel.
DoubleZero’s legal team explained in the submission that 2Z is designed as a functional reward token within the network and will be used for compensating providers of high-performance connectivity and resource operators rather than serving as an investment vehicle.
Such regulatory clarity, especially from a key U.S. regulator, can play a big role in lifting market sentiment at launch, as it gives investors more confidence in the token’s legal footing and long-term viability.
As such, market participants will be closely watching how 2Z performs out of the gate.
What is DoubleZero?
DoubleZero is a decentralized cloud infrastructure protocol in the DePin sector designed to serve as a global networking backbone for blockchain validators and distributed applications.
The project is building a permissionless edge network that provides bandwidth, routing, and specialized hardware-accelerated processing to blockchain validators, decentralized applications, and broader network participants. It will achieve this through nodes deployed across major cities worldwide.
Its native token, 2Z, powers all economic activity within the network. It is used for staking, paying for bandwidth and compute, governance, and rewarding providers who contribute infrastructure resources.
DoubleZero is backed by prominent investors, including Dragonfly Capital, Multicoin Capital, Foundation Capital, Reciprocal Ventures, Ubik Capital, and Borderless Capital, alongside ecosystem partners such as Jump Crypto and Malbec Labs.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
2025-10-02 08:263mo ago
2025-10-02 03:373mo ago
Bitcoin Price Analysis: One Last Hurdle Remains Before BTC Hits New ATH
Bitcoin has shifted out of its “trapped between MAs and resistance” phase into a confirmed breakout, with liquidity sweeps and structural shifts tilting the bias strongly bullish.
While short-term pullbacks remain possible, the market structure now favours continuation toward $120K–$124K, where the next significant supply block and sell-side liquidity cluster await.
Technical Analysis
By Shayan
The Daily Chart
On the daily timeframe, BTC has reclaimed the 100-day MA ($114K) and surged through the midpoint of its consolidation range, pressing into the $118K zone just beneath the broader $120K–$124K supply block. This area coincides with a major order block from prior distribution, making it a critical level.
The surge confirms a bullish breakout from the recent major swing high, weakening the broader corrective structure. Although the daily candles show some rejection around $118K, the medium-term structure remains constructive. As long as BTC holds above the $112K–$114K zone — now turned into support — the path of least resistance points higher toward $120K–$124K.
The 4-Hour Chart
The 4-hour structure illustrates the breakout most clearly. After consolidating above $114K, Bitcoin broke through descending resistance, sweeping buy-side liquidity above $116K and pressing into the $118K liquidity pool.
If a pullback unfolds, the $114K–$115K demand block is the key decision point. Sustained bids here would provide the fuel for another push into the $120K–$124K supply cluster. Failure to defend it, however, could drag the price back toward $110K, though this currently appears less likely, given the momentum.
On-chain Analysis
By Shayan
The liquidation heatmap further validates the technical picture by highlighting the dense liquidity clusters currently in play. As Bitcoin rallied from the $109K demand base into the current range, a significant portion of short positions was forced out of the market, which fueled the impulsive move higher.
The heatmap now shows that a particularly heavy concentration of liquidity has formed just above the $118K–$120K region, which is exactly where the price is currently facing resistance. This cluster reflects a build-up of short positions at that level, and if Bitcoin sustains momentum above $118K, the probability of that liquidity being swept grows substantially. The forced liquidations triggered by such a move could act as a catalyst for an extended rally, pushing the asset deeper into the $120K–$124K supply zone.
Beyond this immediate resistance, the heatmap also highlights much larger liquidity concentrations sitting above the $124K swing highs, extending into the $130K–$135K region. These pools act as magnets for price in the medium term, suggesting that if the $120K barrier is cleared convincingly, the market may accelerate toward these higher ranges in search of liquidity.
On the downside, liquidity below current levels is far less concentrated compared to what sits overhead. This relative imbalance indicates that the path of least resistance remains tilted upward, provided that the $114K–$115K reclaimed support continues to hold. The recent rally has already flushed sellers from the $109K base and cleared a large portion of downside liquidity, leaving the market positioned to build on its breakout.
In summary, the heatmap confirms what the structural analysis already suggests: Bitcoin has entered into a new bullish phase, with shorts squeezed from lower levels and liquidity now stacked higher, making the $120K–$124K region the next key battleground. A decisive clearance of this zone could then set the stage for a move into the $124K–$130K liquidity band.
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2025-10-02 08:263mo ago
2025-10-02 03:393mo ago
ASTER Deposits Flows Into Binance Wallets Following CZ Endorsement, Listing Incoming?
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.
In a fresh development, multiple ASTER tokens have been sent to Binance spot wallets, following CZ’s endorsement of the token. Experts claim this could be a test phase towards a possible listing on the exchange.
ASTER Whale Deposits Signal Potential Binance Listing
On-chain trackers shared that multiple ASTER deposits are being made into Binance wallets, suggesting a listing could be on the horizon.
Source: X
The activity revealed that an address sent a small test transfer of 20 tokens into spot Binance wallets. It was then immediately followed by a much larger transaction worth $4.8 million.
Traders believe this pattern matches Binance’s standard listing preparation, where exchanges test inflows and outflows before officially launching support. A user also noted the exchange may be testing token withdrawals, which often precede a spot listing.
Holy shit @binance is testing $ASTER withdrawals
You guys know what's coming.
The $3 dream is just the start pic.twitter.com/z3bvyxoFa2
— BagCalls (@BagCalls) October 2, 2025
The excitement was amplified after CZ publicly praised ASTER. The founder highlighted the exchange’s discovery that the platform had become one of the largest holders of BSC-USDT outside Binance’s own wallets. He also praised its special hidden order feature and compatibility with multiple chains. The token price increased by more than 1,500% in a week after Zhao’s support.
The new DEX platform has quickly established itself as a leader in perpetual trading. As CoinGape previously reported, the platform led DEX volume, handling over $42 billion in 24-hour volume and generating approximately $15 million in daily protocol fees. This revenue outpaces that of its rivals.
The exchange’s success has also extended to derivatives markets. According to CoinGlass data, open interest in the token increased by 7.57% to $1.2 billion. This implies an increase in traders’ confidence and speculative activity.
Source: CoinGlass
High-Profile Investors Back ASTER
Prominent investors and celebrities have also taken an interest in the DEX token. Popular YouTuber MrBeast recently added ASTER tokens, valued at approximately $320,000. He currently holds tokens worth over $1.5 million.
Even more striking, blockchain data tied to President Donald Trump’s wallet revealed a position of 55 million ASTER tokens, worth around $112 million. His involvement has fueled speculation that the token could attract institutional-scale buyers as it gains ground in the crypto space.
Momentum has also continued to build for the project. In less than two weeks since its launch, the platform has processed more than $1 trillion in cumulative trading volume. Supporters online have celebrated the achievement, calling it a sign of long-term potential.
Congrats To The ASTER Team@Aster_DEX Has Now Done Over $1 Trillion In Total Trading Volume. ASTER Launched Two Weeks Ago.
Do You Understand How Big $ASTER Is Going To Be?!
Total Take Over Happening Right In Front Of Our Eyes
There Has NEVER Been A Worse Time To Be… pic.twitter.com/Ru3mX6gmyL
— JAKE (@JakeGagain) October 2, 2025
Meanwhile, analysts are eyeing higher targets. Crypto analyst Crypto Sheriff declared that its chart “already looks extremely bullish” and predicted the token could easily reach $5 by the end of October.
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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2025-10-02 08:263mo ago
2025-10-02 03:403mo ago
Altcoin Season Here? XRP, AVAX Get Major Institutional Push as Market Rallies
Key NotesAltcoin market cap jumps to $1.12 trillion as October’s “Uptober” rally begins.XRP surges 4.5% on VivoPower’s treasury expansion and large whale accumulation.Avalanche Treasury Co.announces $675M SPAC deal, boosting AVAX price.
The crypto markets are off to a strong start in October, with the combined market capitalization of altcoins surging to $1.12 trillion. Top altcoins such as XRP
XRP
$2.98
24h volatility:
4.6%
Market cap:
$178.25 B
Vol. 24h:
$6.42 B
, Solana
SOL
$223.7
24h volatility:
6.8%
Market cap:
$121.60 B
Vol. 24h:
$9.38 B
, Avalanche
AVAX
$30.63
24h volatility:
2.3%
Market cap:
$12.93 B
Vol. 24h:
$1.23 B
, and Hyperliquid
HYPE
$48.96
24h volatility:
7.9%
Market cap:
$13.26 B
Vol. 24h:
$652.20 M
all posted significant gains in the past day.
XRP Gains on Corporate Interest
XRP has posted a 4.5% increase in the last 24 hours as buyer demand continues to grow. Nasdaq-listed VivoPower International PLC revealed it had raised $19 million through an equity offering, with proceeds directed toward expanding its XRP holdings.
The company issued new shares at $6.05 each, a premium to its last closing price. This comes after an earlier Regulation S offering, marking a step forward in VivoPower’s digital treasury program.
The announcement coincided with heavy XRP accumulation by large investors. Analyst Ali Martinez noted that whales have purchased roughly 250 million XRP, worth around $745 million, since the start of the week.
250 million $XRP bought by whales in 48 hours! pic.twitter.com/S0DZYQms7i
— Ali (@ali_charts) October 1, 2025
According to the data by CoinMarketCap, 24-hour trading volume has jumped by 33%, with XRP currently testing the crucial $3.0 zone. Analysts suggest that if the token closes above this level, a move toward $3.5 could follow.
AVAX Strengthens on $675M SPAC Deal
Avalanche Treasury Co. (AVAT) also announced a $675 million business combination with Nasdaq-listed Mountain Lake Acquisition Corp. (MLAC). The deal includes $460 million in treasury assets, part of which has already been allocated to AVAX purchases.
AVAT disclosed that it has acquired $200 million in AVAX at a discount, with 18-month priority rights in place.
The market reacted positively, with AVAX climbing 3.5% in the past day, adding $350 million in market cap. The token is currently trading around $30.72 with a market cap of $12.97 billion.
Altcoin Rally Ahead?
October’s rally and upcoming ETF deadlines for several altcoins have revived hopes that the market may finally be preparing for their next big run. While optimism is rising, some analysts warn against declaring a full-blown “altcoin season.”
Crypto trader Daan Crypto Trades noted that the Total Altcoin Market Cap is retesting levels last seen in 2021. He suggested that while certain tokens are likely to outperform, the sector still needs a decisive breakout.
The Total Altcoin Market Cap is giving the 2021 highs another go.
I do still believe that we need to see a clear break and close above to really get the altcoin market properly going again.
Big runners will still be concentrated and there will be outperformers and… pic.twitter.com/RNQiSZ22yD
— Daan Crypto Trades (@DaanCrypto) October 2, 2025
The analyst explained that in previous cycles, once that collective breakout happens, it tends to attract new participants back into the market.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Cryptocurrency News, News
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
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2025-10-02 08:263mo ago
2025-10-02 03:473mo ago
XRP Price Rally Accelerates on SBI Lending Initiative and ETF Anticipation
XRP surged to fresh highs as Japan’s SBI Holdings unveiled a new XRP institutional lending program, sparking renewed buying momentum and lifting trading volumes above 160 million tokens. The move fueled a 5.2% gain between October 1 at 03:00 and October 2 at 02:00, with XRP advancing from $2.84 to $2.97 and briefly testing $2.98 resistance. The initiative highlights Japan’s expanding role in digital asset adoption and underscores the growing institutional demand for XRP liquidity in cross-border payments.
During the rally, XRP traded within a $0.16 range, marking 5.6% volatility. The breakout began around 08:00 on October 1, when prices jumped from $2.86 to $2.92 on a surge of 164.5 million tokens—more than double the daily average. Buyers repeatedly defended $2.93 support through multiple retests, while resistance consolidated between $2.96 and $2.98. Late-session flows saw another burst of 4.8 million tokens, confirming strong institutional participation and reinforcing the bullish structure.
Technically, XRP now holds firm support at $2.93, with higher lows forming around $2.96–$2.97. This ascending setup suggests bullish continuation if buyers can secure a decisive close above $2.98. A confirmed breakout would likely pave the way for a test of the $3.00 psychological threshold, a level closely watched by traders and algorithms.
Beyond immediate price action, broader sentiment is shaped by key macro catalysts. Ripple CTO David Schwartz’s transition to an emeritus role adds intrigue to Ripple’s leadership direction, while the SEC’s October 18 decision window for seven pending spot ETF applications is looming as a defining event for XRP and the broader crypto market. With the CD20 index showing parallel rallies in other large-cap tokens, traders are focused on whether XRP can sustain momentum and build toward a confirmed breakout above $3.00.
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2025-10-02 08:263mo ago
2025-10-02 03:473mo ago
Ethereum price breaks through the $4,400 threshold
Ethereum price has managed to break through the $4,400 psychological ceiling as it starts to test the resistance levels. Market indicators point to a bullish breakout on the horizon.
Summary
Ethereum price surpasses the $4,400 threshold, holding out above the previous resistance level and the 30-day moving average.
If ETH fails to hold up above these levels, the token could see a deeper correction that could send it tumbling back to the $4,350 to $4,360 range.
Ethereum’s surge above $4,400 is driven by strong macro and sentiment-driven catalysts. One of the main drivers of the rally is the growing market buzz surrounding crypto ETFs, especially discussions of multi-asset and altcoin ETFs joining the market in the U.S and Asia.
Lately, the U.S market is bracing for what it calls the “ETF Month” in October, which will see the final decision for at least 16 crypto ETFs backed by altcoins like Solana (SOL), Ripple (XRP), and Dogecoin (DOGE). Meanwhile in Asia, Thailand regulators are preparing to draft regulations to facilitate the expansion of the crypto ETF market to include more altcoins beyond Bitcoin.
As Ethereum (ETH) is the second-largest crypto and a foundational layer for DeFi and tokenization, the token is often seen as a prime beneficiary of institutional products that go beyond just the staple Bitcoin. According to data from SoSoValue, Ethereum spot ETFs saw $80.79 million in net inflows, also extending their streak to three consecutive days.
In addition, whale accumulation has been reported across Ethereum wallets, which aligns with the sudden spike in its price. According to data from Coinglass, daily spot trading volume for ETH rose to $7.17 billion. Meanwhile, futures trading volume has reached up to $97.3 billion. Open interest, or money locked into ETH futures, has gone up by nearly 2% to $59 billion.
On Oct. 2, Ethereum price soared by 6.7%, marking a comeback after it mostly held its ground above the $4,000 zone for the past few days. Its market cap has also seen an increase of 6.3%, amounting to $531 billion.
Ethereum price analysis
According to data from TradingView, Ethereum has pushed strongly above $4,400, printing a clear bullish breakout. The move coincided with a surge in momentum, visible in the steep rise of the price candles and the separation from the 30-period moving average, which sits lower at around $4,396.
The Relative Strength Index is currently hovering around 72, which places Ethereum in the overbought territory. This indicates that while bullish sentiment remains dominant, ETH could be at risk of a short-term pullback or consolidation as traders take profit.
Historically, readings above 70 often come before a pause in upward momentum. However, strong breakouts could also keep the RSI elevated for an extended period.
Ethereum price has risen above the 30-day moving average, indicating a breakout | Source: TradingView
Despite the risk of a short-term pullback, the breakout above $4,400 was rapid and sharp; with only a little resistance slowing ETH down. This rapid price surge suggests a wave of buy orders, possibly from whales or momentum traders, that pushed Ethereum higher in such a short span of time.
The next resistance zone for the token will be near the $4,450 to $4,500 range, a psychological round number that may attract sellers. If bulls maintain control, ETH has a chance of rising toward higher resistance zones.
On the other hand, immediate support lies around the breakout level of $4,400. If Ethereum dips below $4,400, the next cushion would be near the 30-day MA at $4,396, followed by stronger support in the $4,350 to $4,360 range. If it fails to hold above these levels, Ethereum price could trigger a deeper correction. Therefore, as long as ETH stays above $4,400, the breakout remains intact.
2025-10-02 08:263mo ago
2025-10-02 03:503mo ago
Binance Coin Surges Past Solana with $142.9 Billion Market Cap, Eyes XRP's Position
Binance Coin (BNB) has firmly reestablished itself among the top cryptocurrencies after surpassing Solana and reaching a market capitalization of $142.9 billion. This milestone not only secures BNB’s place as a dominant digital asset but also highlights its resilience in a market that has been marked by uncertainty and cautious investor sentiment. By maintaining its gains above the $1,020 level, BNB now holds a commanding $28 billion lead over Solana, which sits at $119.4 billion in market value.
The momentum becomes even more noteworthy as BNB narrows the gap with XRP’s $176 billion market cap, positioning itself within striking distance of claiming the fourth spot on the global cryptocurrency leaderboard. The token’s steady rise since mid-September reflects renewed confidence in the Binance ecosystem and its capacity to withstand external pressures, including ongoing regulatory scrutiny.
From a technical perspective, BNB is showing strong bullish signals. The token trades above its key moving averages—the 50-day EMA at $905 and the 100-day EMA at $841—while the Relative Strength Index (RSI) remains just below overbought territory. Healthy trading volume further strengthens the case for continued upward momentum, suggesting that additional gains could still be on the horizon.
Market analysts point to Changpeng Zhao’s (CZ) reemergence in the public eye as a contributing factor to BNB’s rally. His presence has reassured many investors of Binance’s stability and long-term prospects, reviving trust in both the exchange and its native token. With sustained inflows, robust technicals, and growing investor confidence, BNB has proven itself a key force in the current crypto cycle.
If this momentum continues, the top five cryptocurrency rankings could soon shift, with BNB posing a real challenge to XRP’s position. This surge reinforces Binance Coin’s role as not just a utility token but a major player in shaping the broader digital asset market.
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2025-10-02 08:263mo ago
2025-10-02 03:553mo ago
Ethereum Price Recovery Faces Resistance as Long-Term Holders Sell
Ethereum (ETH) has bounced back from recent lows and is now trading near the $4,500 level, signaling a strong recovery despite selling pressure from long-term holders (LTHs). While these influential investors continue to trim their positions, other market participants are stepping in with fresh capital inflows, helping ETH maintain upward momentum.
On-chain data shows Ethereum’s Liveliness metric rising, an indicator that LTHs are actively selling. Historically, when this group reduces exposure, it increases market volatility and often sparks selling cascades. Their cautious stance suggests uncertainty about Ethereum’s ability to sustain short-term gains. Since LTHs control a significant share of supply, their actions are closely watched as a potential drag on ETH’s price.
However, Ethereum’s resilience is being supported by inflows from short- and mid-term investors. The Chaikin Money Flow (CMF) has climbed sharply, reflecting consistent buying activity and growing conviction among these groups. This demand has so far offset the effects of LTH selling, signaling broader confidence in Ethereum’s long-term value.
Currently, ETH is priced around $4,383, with the $4,500 mark acting as key resistance. Multiple attempts to flip this level into support have failed, making it a crucial barrier for determining the next trend. A breakout above $4,500 could open the path toward $4,775 and potentially retest the all-time high near $4,956. Sustained inflows would reinforce bullish momentum and strengthen Ethereum’s price outlook.
On the downside, failure to clear resistance risks a pullback toward $4,222 support, and possibly $4,074, which would weaken the bullish case. For now, Ethereum’s trajectory depends on whether inflows continue to outweigh long-term holder exits, making the coming days critical for ETH’s near-term direction.
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2025-10-02 08:263mo ago
2025-10-02 04:003mo ago
1 Top Cryptocurrency to Buy Before It Soars 792%, According to Coinbase CEO Brian Armstrong
A number of high-profile investors -- including Cathie Wood of Ark Invest and Michael Saylor of Strategy (MSTR 5.03%) -- have already predicted big things ahead for Bitcoin (BTC 3.24%). The consensus among these bulls is that Bitcoin could hit $1 million within the next few years.
The newest member of this club is Brian Armstrong, chief executive officer of crypto exchange Coinbase Global (COIN 2.57%). So is he (and the others) right?
Image source: Getty Images.
Institutional adoption
The biggest reason to be optimistic about Bitcoin, Armstrong says, is the soaring rate of institutional adoption. Simply put, large institutional investors are now choosing to allocate a bigger and bigger portion of their portfolios to Bitcoin. That type of steady buying pressure is certain to move the price of Bitcoin upward over time.
The easiest place to see this buying pressure at work is with the spot Bitcoin exchange-traded funds (ETFs). In less than a year, these spot Bitcoin ETFs attracted more than $100 billion from investors.
Institutional adoption is also coming from Bitcoin treasury companies, all of them based on Strategy's business model of rapid Bitcoin accumulation using funds raised in the capital markets. According to the latest data from BitcoinTreasuries.net, these companies hold more than 1 million bitcoins, or about 5% of all Bitcoin in circulation. The lion's share, of course, belongs to Strategy, which has Bitcoin holdings worth an estimated $70 billion.
At the same time, the U.S. government is embracing Bitcoin as part of its overall plan to make America the "crypto capital of the world." The best evidence of this was the decision to launch a Strategic Bitcoin Reserve earlier this year. While this fund has not yet embarked on any new Bitcoin buying, the government considers Bitcoin a strategic asset worthy of stockpiling in the future.
Bitcoin's scarcity
Another factor in Bitcoin's favor is its inherent scarcity. The total lifetime supply of Bitcoin is capped at 21 million coins, and 19.9 million are already in circulation. So we are fast approaching a point where all the Bitcoin that can ever exist already circulates.
As the number of Bitcoin use cases grows, and as more institutional investors pile into Bitcoin, the demand for the coin is going to be off the charts. Soaring demand, combined with a fixed supply, should lead to higher prices. That helps to explain why Bitcoin has skyrocketed in value during the past few years.
Can Bitcoin continue to grow at its previous pace?
So far, so good. A huge ramp-up in demand, combined with the scarcity enforced by Bitcoin's inflexible and unchanging algorithm, is a catalyst for price appreciation. Any Economics 101 textbook will tell you that. It's the law of supply and demand at work.
But there's just one slight problem with this thesis. Bitcoin is only up 20% this year, in what should have been a historic barnstorming type of year. Many thought that Bitcoin would easily double in price, from $100,000 to $200,000 by the end of 2025.
If you run the numbers, a price tag of $1 million may not be within reach if Bitcoin only grows at a pace of 20% per year. Based on its current price of $114,000, a compound annual growth rate (CAGR) of 20% would only get Bitcoin to the $275,000 price level within five years.
In order to hit a price of $1 million, as Armstrong predicts, Bitcoin would need to grow at a CAGR of 55% per year. That's certainly possible, given that Bitcoin has shown the ability to crank out triple-digit percentage returns in many years.
But just how probable is it? That CAGR is higher than even the fastest-growing tech companies are producing. Nvidia (NVDA 0.43%), for example, only grew at a CAGR of 38% during the past five years.
Right now, online prediction markets are giving Bitcoin a 22% chance of hitting $150,000 this year, and only a 5% chance of hitting $200,000. The most likely outcome right now (with a 66% likelihood) is for Bitcoin to hit a price of $125,000 by year-end.
Yes, that's impressive. It would mark yet another all-time high for Bitcoin. But is it enough to keep investors coming back for more in 2026?
Dominic Basulto has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin and Nvidia. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.
This coin is well designed, well managed, and it has a reasonable use case.
Lottery tickets might make headlines when someone wins, but owning increasingly valuable systems often makes millionaires. The investments that truly change a household's net worth tend to pair open-ended demand with incentives that compound over time.
But does BNB, (BNB 2.79%) the Binance crypto exchange's native token, clear the bar here? Let's analyze it and make a determination, because the buzz around this asset right now suggests that a lot of investors are looking to it for life-changing returns.
Image source: Getty Images.
What BNB is built to do
In a nutshell, BNB exists to make the Binance and the BNB Chain experiences both cheaper and smoother.
Investors who hold and use BNB on Binance receive gas fee discounts, and the token is also the gas that pays for transactions on the BNB Chain and its layer-2 (L2) network, opBNB. If you aren't familiar, Binance is one of the biggest and most important cryptocurrency exchanges, so by offering traders incentives to buy and hold BNB, it can potentially generate a lot of fees. That's assuming that the exchange itself is getting consistent traffic, which in Binance's history has not been much of a problem except when it faced legal challenges in the U.S.
Under the hood, BNB uses a proof-of-staked-authority (PoSA) model. So, holders can delegate their holdings for validators who secure the network and share fee revenue via staking. In practice, this makes BNB a productive asset inside its own ecosystem's economy rather than a purely speculative play. But the annual yield on staked BNB is usually between 3% and 7%, depending on how investors opt to stake their tokens, so there is little in the way of millionaire-maker potential via staking alone.
Other mechanisms are similarly positive, but probably not game changers from the perspective of getting rich quick.
For example, the coin has two ongoing token burning systems that tighten its floating supply. Auto-burning aims to reduce total BNB outstanding toward 100 million from its current supply of 139.1 million via regularly scheduled and automated burn events, with the burn size adjusting dynamically based on price and block production. The second function continuously destroys a portion of all collected gas fees in real time, tying the exchange's traffic to burning directly.
In other words, the coin's design gives investors plenty of reasons to keep BNB in their wallets while they're trading on Binance. That means that so long as the Binance ecosystem is healthy and growing, holders can benefit even without any headline-grabbing catalysts.
For most cryptocurrencies, this counts as a very good setup, considering that Binance itself has a good track record of remaining relevant over the years and surviving legal difficulties and bear markets alike.
The ecosystem ceiling matters here
BNB's success is tied to how large and valuable the Binance ecosystem can get.
Today, BNB trades near $950, with a market cap around $134 billion, hot off a wild rally over the last three months. What's more, the BNB Chain is busy by crypto standards, and the decentralized finance (DeFi) total value locked (TVL) on the network sits near $7.5 billion, with many millions of daily active addresses processing tens of millions of transactions. It's undeniable that Binance is generating real value here.
Therefore, the coin already reflects a mature, large-scale network that works as advertised. Once again, it bears emphasizing that in the crypto sector, it rarely gets much better than this exact scenario.
But the cloud within the silver lining is that it's likely that BNB's growth will come from onboarding more investors to the exchange, and through expanding use by existing Binance users rather than from a step change in global demand. Which is to say, growth will be incremental rather than a rocket ship, and that means BNB is simply not very likely to make anyone into a millionaire, even if it once did just that.
Could BNB still beat the market from here? Yes, it could.
Supply will continue to be in the favor of long-term holders, while the exchange's usage creates fees that sustain staking returns and might even increase them a bit, thereby incentivizing more capital to stay on the chain. Time and activity could do plenty of quiet compounding, and it is very unlikely that Binance has reached the bottom of its target market despite its prominence.
Thus BNB can still be a decent pick for patient investors who want exposure to a functioning, fee-generating network with programmatic supply reduction and staking. It is not, however, positioned like an open-architecture platform chasing the largest possible surface area that one could expect to have a chance of going to the moon. This means that, while the coin can appreciate in value significantly, expecting millionaire-maker outcomes from here is too big of a stretch to be believable.
Alex Carchidi has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
2025-10-02 08:263mo ago
2025-10-02 04:063mo ago
The United Kingdom wants to keep 7 billion dollars in Bitcoin seized during a fraud
The mistake is to sell. Buying at the lowest has become a mantra in the crypto world. Past mistakes around bitcoin have served as a lesson: the United Kingdom seems determined never to give up what is now called “digital gold”. Faced with the rise of cryptocurrencies and their volatility, London adopts a firm stance: no matter the pressure, liquidation is no longer done. This refusal to liquidate reveals a strong political and symbolic ambition in the global game surrounding BTC.
In Brief
The United Kingdom holds 61,000 BTC seized during a massive Chinese-origin fraud.
The victims, 128,000 people, demand full restitution in bitcoin, not in pounds.
Authorities consider partial redistribution, based on the initial value of the losses.
A legal battle is underway, potentially lasting until 2027 according to victims’ lawyers.
The Rise of the “Bitcoin Queen” and the Record Seizure
Even before the Qian case, bitcoin-related romance scams were multiplying: a man recently lost 1.4 million dollars in crypto, believing he had found love. This story begins in China, between 2014 and 2017: Zhimin Qian launches a huge scam, promising inflated returns to thousands of investors.
The scheme collapses. Qian converts the funds into bitcoin and then flees to the United Kingdom with forged documents.
In Hampstead in 2018, law enforcement discovered 61,000 BTC in digital devices, a seizure that the British press called the largest crypto operation ever made.
Judged in September 2025 in London, Qian pleads guilty to possession and transfer of criminal property — without the core fraud, committed in China, being judged directly. A civil trial is still to come, scheduled for January 2026, opposing the United Kingdom and the 128,000 Chinese victims.
The issue? To know whether London can legally keep or return the BTC. This case, halfway between a digital thriller and global case law, questions states’ ability to handle crypto crimes in legal gray areas.
State vs Victims: Battle Over Rights and Profit
The heart of the case is legal: to whom should the seized bitcoins belong? The United Kingdom claims to base its retention on the criminal property law. However, many specialized lawyers recall the principle of equitable tracing, which allows victims to establish ownership and recover stolen assets.
Ashley Fairbrother said in the media:
I’m not sure that English law is on the side of the British government regarding its ability to keep the seized Bitcoin.
Something is wrong because the State often proposes to reimburse the original value of the fraud in fiat currency, not the current value of BTC, which causes billions of capital gains to be lost to the victims.
If the court accepts this mechanism, the United Kingdom would capture the difference, capitalizing on bitcoin’s growth over the years. The victims demand the restitution of BTC, valued today, not just the initial amount. The civil court will have to decide between national budgetary interest and an international justice of equity.
The precedent could influence how other states handle cross-border crypto seizures in the future.
The United Kingdom Anticipates the Post-Sale: Strategic and Symbolic Posture
Selling these bitcoins would be to deny the market’s lesson: keeping is better. The United Kingdom shows that it prefers to keep this digital capital intact rather than sell it off. This choice stems from a posture of symbolic as well as economic power. London positions itself as a major player in global crypto regulation.
Here are some key facts:
61,000 BTC seized in Hampstead—the largest single seizure in the United Kingdom;
128,000 victims claim their rights against the British state;
The current value far exceeds the initial loss amount (~£5 billion);
The civil trial will open in January 2026.
This conservatism is part of a strategy: not to yield to the market, to impose case law. The United Kingdom tries to set a norm: when a state seizes cryptos, it does not sell them immediately; it keeps them as strategic assets. This stance could inspire other nations to do the same.
In the United States, selling BTC has not been discussed since Donald Trump took office. His government keeps its digital assets. Better yet: his minister Scott Bessent affirms that buying new bitcoins by the USA is not excluded. A sign that, for some, the strategy is not only to hold but also to strengthen reserves.
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Mikaia A.
La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
2025-10-02 08:263mo ago
2025-10-02 04:103mo ago
Pendle expands DeFi offerings to Plasma with 5 yield markets
Pendle Finance is integrating with Plasma’s digital bank to bring its DeFi yield products to global users, including the unbanked, unlocking new opportunities for earning on stablecoins.
Summary
Five yield markets will launch on Plasma, with APYs ranging from 12.67% (USDe) to 649% (sUSDai).
$900,000 in weekly XPL token incentives will support Yield Token holders and liquidity providers.
Pendle Finance (PENDLE) has announced its integration with Plasma Foundation’s digital bank, giving global users direct access to its DeFi yield products. At launch, five yield markets will go live on Plasma, with start dates and indicative APYs as follows:
sUSDe Pool – Launching 15 Jan 2026 | 25.9% APY | $8.74M liquidity
USDe Pool – Launching 15 Jan 2026 | 12.67% APY | $14.34M liquidity
syrupUSDT Pool – Launching 29 Jan 2026 | 190% APY | $163K liquidity
USDai Pool – Launching 19 Mar 2026 | 36.72% APY | $6.47M liquidity
sUSDai Pool – Launching 19 Mar 2026 | 649% APY | $64.8K liquidity
In addition, Pendle confirmed that $900,000 worth of XPL tokens will be distributed each week as incentives across Plasma’s markets. These rewards are expected to lift yields for Yield Token (YT) holders — who speculate on variable returns — and liquidity providers (LPs) — who earn fees by supplying capital to the markets — while Principal Token (PT) investors gain the chance to secure higher fixed rates.
The announcement follows Plasma’s mainnet beta earlier this month, which launched with over $2 billion in stablecoin liquidity and over 100 integrations. Plasma positioned itself as a stablecoin-native Layer 1 with sub-second finality and Bitcoin-secured DeFi. On day one, Ethena integrated its USDe and sUSDe stablecoins across Aave, Curve, Balancer, and Fluid, establishing them as core dollar assets.
Now, Pendle joins the network, building on this foundation to expand their adoption through its fixed- and variable-yield products. USDe is particularly noteworthy, having reached a circulating supply of over $13 billion, highlighting the scale of liquidity that both Plasma and Pendle can leverage for yield generation.
2025-10-02 08:263mo ago
2025-10-02 04:123mo ago
Plasma founder denies insider selling after XPL token plunges over 50%
Plasma founder Paul Faecks denied accusations of insider selling after the project’s native token, XPL, dropped by over half its value over the weekend.
On Thursday, Faecks rejected speculation that the team offloaded tokens into the market, stressing that investor and team allocations remain locked for three years with a one-year cliff. “No team members have sold any XPL,” he said.
XPL spiked to nearly $1.70 on Sunday before tumbling steadily to $0.83 by Wednesday, erasing more than 50% of its value, according to TradingView data.
Because of the dramatic drop, many community members suspected that the team may have engaged in time-weighted average price (TWAP) selling. In this algorithmic strategy, a large sell order is broken down into smaller, equally sized orders, each executed at regular time intervals.
XPL/Tether perpetual contract chart on Binance. Source: TradingViewCommunity concerns and onchain investigationsCommunity members quickly turned to onchain analysis to investigate the flows of XPL following the dump.
Independent sleuth ManaMoon pointed to movements from the Plasma team vault. The community member stated that the wallet sent more than 600 million XPL tokens to exchanges in the days leading up to the launch.
“Personally, I believe that someone was TWAP selling an excessive amount of tokens that retail buyers could not withstand,” ManaMoon wrote.
Source: MelardevA community member with the handle crypto_popseye blamed the team and the algorithmic trading firm Wintermute for crashing the prices. “Plasma $xpl pretty much destroyed their chart and momentum, and I hope their project fails,” he wrote.
Despite the community’s remarks, the Plasma team denied any relationship with Wintermute and stated that they have the same information as the public.
“We have not engaged Wintermute as a market maker and have never contracted with Wintermute for any of their services,” Faecks said. “We have the same information as the public on Wintermute’s ownership of XPL.”
Community probes ecosystem and growth tokensAfter Faecks’ post, crypto_popseye responded, questioning the founder’s message. The community member accused Faecks of using wording that ruled out team sales but left the status of other token categories, like their “ecosystem and growth” tokens, unclear.
“Pretty clear they have been sold, but you are wording your tweet to make it seem like they haven’t been sold,” the user said.
In his post, Faecks insisted that their team is “laser-focused on building the future of money” and will not comment further.
Cointelegraph reached out to the Plasma team for comments, but did not receive a response by publication.
Magazine: Forget The Terminator: SingularityNET’s Janet Adams is building AGI with heart
2025-10-02 08:263mo ago
2025-10-02 04:213mo ago
MANA Jumps 11%: Decentraland Tests Key Resistance as DAO Vote Heats Up
The metaverse token rides a 17% weekly rally, crossing $0.32 as its community weighs a governance shake-up.
Published:
October 2, 2025 │ 8:00 AM GMT
Created by Gabor Kovacs from DailyCoin
Decentraland’s native token, MANA, extended its late-September rally on Thursday, surging more than 11% in the past 24 hours to reach $0.32.
Sponsored
The move caps a 17% gain since September 25, with trading volumes jumping 102% to $33.8 million. At the same time, social media attention around the virtual-world project nearly doubled, signaling a renewed interest from investors and the community. So what is driving the rally?
Technical Breakout and Market MomentumMANA’s latest upswing has brought the token to a pivotal level. The price now sits directly on its 200-day moving average at $0.32, which acts as a resistance line. A decisive close above this threshold could spark a medium-term bullish signal after months of weakness.
Source: TradingViewMomentum indicators suggest a cautiously bullish picture. The relative strength index (RSI) stands in the mid-50s, suggesting room for further upside without yet entering overbought territory.
Still, MANA is down more than 30% year-to-date, and failure to hold the $0.32 level could see the token slip back into its prolonged consolidation range.
DAO Vote: Cost-Cutting and Governance ReformBeyond the charts, Decentraland’s community is also facing a governance crossroads. The Decentraland DAO is currently voting on whether to dissolve its DAO Committee and transfer execution duties to a new 3-of-5 multisig wallet.
The proposed wallet would require multiple independent approvals, drawing signers from the DAO Council, Security Advisory Board, the Decentraland Foundation, and a security or community representative.
The proposal follows the suspension of the DAO’s grants program, which left the committee with little work but a $7,200 monthly cost. Supporters argue that eliminating the committee will reduce unnecessary spending while maintaining operational security. As of October 2, 63% of voters support the change, while 37% oppose it. Voting is set to close on October 10.
Crypto Rebound Adds FuelMANA’s rally is also unfolding against the backdrop of a mild rebound across digital assets. On Thursday morning, the total cryptocurrency market cap rose more than 3% to $3.99 trillion.
The Fear & Greed Index remains neutral at 42, while the Altcoin Season Index reads 59 out of 100, below peak exuberance. The average crypto RSI stands at 56.6, indicating a neutral but slightly positive trend.
Why This MattersFor now, all eyes remain on the Decentraland (MANA) $0.32 level. A strong weekly close above this line would mark a significant technical shift and potentially a new bullish rally.
Stay in the loop with DailyCoin’s top crypto news:
HBAR Explodes With Epic Green Candle, Whales Stack Up
Stripe Seeks U.S. Banking Charter, Introduces Stablecoin Issuance Tools
People Also Ask:What is Decentraland?
Decentraland is a blockchain-based virtual world where users can buy, sell, and develop virtual land, assets, and experiences. It operates on the Ethereum blockchain.
What is MANA?
MANA is the native cryptocurrency of Decentraland. It’s used to purchase virtual land, items, and services within the Decentraland ecosystem and can also be traded on crypto exchanges.
How does MANA price affect Decentraland?
MANA’s price reflects the demand for virtual assets and engagement within Decentraland. Higher MANA prices can indicate growing interest in the platform.
How does the DAO vote impact MANA holders?
The DAO vote aims to dissolve the DAO Committee and move tasks to a multisig wallet. This could reduce unnecessary spending and improve security, which may be positive for MANA’s long-term value.
Is MANA only used for gaming?
No. While Decentraland is often associated with gaming and metaverse experiences, MANA has broader utility, including governance, virtual real estate, and NFTs within the platform.
This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.
Simona Ram
Simona Ram is the senior journalist at DailyCoin, focusing on in-depth investigations of the cryptocurrency sector.
Simona has minor holdings in Bitcoin.
Read more
2025-10-02 07:263mo ago
2025-10-02 02:003mo ago
XRP Treasury Company Secures Additional $19 Million
VivoPower, which is known as an XRP treasury company, has issued new shares in order to raise a total of $19 million.
Notably, the publicly traded firm is raising the aforementioned sum at $6.05 per share, which is higher than the current market price. This shows that there is significant demand.
The newly raised sum provides the company with additional liquidity for future XRP purchases.
Gaining more XRP exposure The company previously announced another share offering under Regulation S, meaning that the funds would come from non-US investors. In this case, it was a $121 million private placement led by a Saudi prince.
After adopting the Ripple-linked token as its core asset, VivoPower then partnered with XRPL-based yield generation protocol Doppler Finance to deploy an initial $30 million of XRP.
Last month, the company also announced that it would acquire $100 million worth of privately held Ripple shares in order to enhance its exposure to the token.
Moreover, it announced that it would be exchanging the tokens procured with the help of its proof-of-work (PoW) mining operation for XRP.
2025-10-02 07:263mo ago
2025-10-02 02:003mo ago
XRP Price Prediction: CTO Exit and Investor Sell Calls Clash With Bullish $4.70 Target
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
XRP ended Q3 2025 with a 31% rally, climbing from $2.20 in July to $2.92 by September’s close, marking one of its best quarters in years. The bullish quarterly candle was the first decisive close above long-term resistance since 2017, fueling optimism that the asset could mirror its historic breakout pattern.
Analysts like Mikybull argue that XRP’s multi-year inverse head-and-shoulders breakout sets up potential upside toward $4.70 in the near term and even higher targets over the longer cycle.
XRP's price trends to the upside on the daily chart. Source: XRPUSD on Tradingview
CTO Exit Sparks Mixed Signals for XRP Investors
Caution has returned to the XRP community after Ripple’s Chief Technology Officer, David Schwartz, unexpectedly left.
His departure has caused a split among traders: some see his final remarks as a subtle hint at XRP’s long-term potential to compete with Bitcoin, while others view it as a warning to secure profits following the token’s strong Q3 rally.
Adding to the uncertainty, several early investors on X, like Crypto Bitlord, have echoed “time to sell” calls, arguing that the recent surge could trigger a bout of volatility before institutional ETF-driven inflows materialize.
ETF Hopes Push Against Sell-Side Pressure
One of the strongest bullish drivers remains the increasing likelihood of an XRP spot ETF approval. The SEC is reviewing multiple applications, including Grayscale’s, with decisions expected between October 18 and November 14.
Prediction markets now price the approval odds at over 99%, suggesting that institutional capital could soon flood into the asset. Analysts believe that a green light could push XRP to $20–$30 by 2026, especially if inflows mirror the surges seen in Bitcoin and Ethereum ETFs earlier this year.
On-chain data also supports accumulation, with exchange reserves decreasing, indicating that tokens are moving into self-custody and staking pools. Meanwhile, open interest has grown to $1.4 billion, although options activity remains thin, leaving leveraged longs vulnerable to corrections if resistance holds.
Technical Picture: $2.96 Breakout or $2.70 Retest
Currently, XRP trades at $2.94, holding above the 200-day SMA at $2.50 while facing resistance at the 50-day SMA ($2.96). Support is in the $2.70–$2.80 range, with deeper downside risk if sellers push toward $2.50.
Momentum indicators remain neutral, with the RSI at 47, indicating room for accumulation before a significant move.
If XRP closes multiple days above $2.96, analysts expect confirmation of a new rally, targeting $3.65 in the short term and $4.70 as the next major resistance. Not breaking resistance could lead October to stay in consolidation, with November being the next breakout attempt.
Cover image from ChatGPT, XRPUSD chart from Tradingview
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
2025-10-02 07:263mo ago
2025-10-02 02:003mo ago
WLFI whale panic sparks liquidity drain: Can bulls hold on to $0.20?
Key Takeaways
Are World Liberty Financial whales giving up?
Not entirely. While one whale pulled 11M WLFI worth $2.15M from liquidity and sold, creating sharp downside pressure, broader whale activity remains mixed.
What’s driving WLFI’s current selling pressure?
Futures Netflow dropped to -14.81M, retail selling volume exceeded buys by 192M WLFI — signs of aggressive sell pressure pushing the token toward $0.186 support.
World Liberty Financial [WLFI] bounced back moderately as it successfully defended the $0.20 support, after dropping to a local low $0.19.
In fact, as of this writing, WLFI was trading at $0.200, rising by 0.92% on the daily charts.
Before this gain, the altcoin had been on a strong downtrend, dropping by 36% over the last 30 days. Now, some market players are signaling fatigue and taking a step back.
What are WLFI whales up to?
As WLFI dropped below $0.2, a whale panicked and hurriedly closed its positions. Per Lookonchain, a whale removed 11 million WLFI worth $2.15 million from the liquidity pool, selling them for 521 Ethereum [ETH].
Source: Lookonchain
Usually, when an offload occurs, it signals a lack of confidence in the market. However, not all whales exhibit this type of behavior.
According to Nansen data, World Liberty Financial whales have recorded a positive balance change for three consecutive days.
Source: Nansen
Over this period, whales have acquired 61 million tokens, reflecting sustained demand.
Derivatives turn highly bearish
Interestingly, with the market showing weaknesses, investors in the Futures markets have reduced exposure.
According to CoinGlass, Futures Inflow fell to $270.55 million while Outflow jumped to $285.36 million. As a result, Futures Netflow dropped to -$14.81 million, marking a 68% change.
Source: CoinGlass
When Futures Outflow hikes, it suggests that traders are aggressively closing positions.
Retail selling activity skyrockets, too
Surprisingly, while WLFI has yet to make minimal gains, selling activity on the Spot market skyrocketed. According to Coinalyze, World Liberty Financial has recorded a negative Delta for three consecutive days.
Over this period, the altcoin saw a cumulative total of 685.25 million in sell volume compared to 495.81 million in buy volume.
Source: Coinalyze
As a result, the altcoin recorded a negative buy-sell delta of -192.44 million, a clear sign of aggressive selling.
Exchange activity echoed this behavior.
According to CoinGlass, WLFI Spot Netflow turned positive for the first time in two weeks. At press time, Netflow was $507k, indicating higher inflow — a sign of increased selling pressure.
Source: Coinglass
Historically, increased selling activity from retail traders has resulted in intense downward pressure, often a precursor to low prices.
Is WLFI set for more losses?
World Liberty Financial is experiencing intense bearish pressure, with investors across the market selling aggressively.
As a result, the altcoin’s Stochastic RSI dropped into oversold territory, settling at 28 as of this writing. At the same time, the Relative Strength Index (RSI) fell to 44, holding within bearish territory.
Source: TradingView
Such a market setup signals higher selling pressure and weak upward momentum.
Having said that, if sellers, including whales, continue to dominate the market, WLFI will drop below $0.20 with $0.186 acting as key support.
However, if bulls establish a position in the market to defend this support level, they could push the altcoin towards $0.224 in the short term.
2025-10-02 07:263mo ago
2025-10-02 02:013mo ago
Crypto treasury ‘bubble' fears overblown: TON Strategy CEO
While a recent wave of corporate digital asset treasuries is starting to show signs of a bubble, the long-term outlook is positive, according to TON Strategy CEO Veronika Kapustina.
“I think, look, obviously, it looks like it’s a bubble. As in, all the indicators look like it’s a bubble,” Kapustina told Cointelegraph during the Token2049 conference in Singapore.
Kapustina explained that they are different from other bubbles we’ve seen in crypto and TradFi “because it’s a new segment of finance.” DATs became “the trade of the summer,” and people saw it as “fast money,” with a lot of “fast money going in,” she said.
“So we’re now having smarter investors look at it closely and really differentiate the wheat from the chaff.” Kapustina described DATs as a “bridge between traditional finance and crypto,” adding that she doesn’t think there will be a crash, but there could be consolidation as newly launched DATs struggle to reach their targets.
“There’s a lot of excitement for a surge in something new. Then it peters out, and a bit of consolidation, and then the real medium to long-term capital comes in,” Kapustina said.
Strategy’s Michael Saylor, the treasury pioneerKapustina explained that while Michael Saylor’s Strategy Inc. pioneered the DAT model with Bitcoin (BTC), this year has proven the model works beyond just Bitcoin, with successful launches around Ether (ETH), Solana (SOL), and her own company, which is a treasury for The Open Network’s native token, Toncoin (TON).
Kapustina said there are several evolution paths for DATs, including infrastructure provision, potential banking services and acquiring banking licenses, mergers and acquisitions, and technology bridges between chains.
Over the long term, investors will be able to appreciate the true value of DATs from a “functionality perspective, from a utility perspective, for the networks they invest in, in terms of not just being a bridge between TradFi and crypto, but securing the network,” she said.
Crypto treasuries accumulate Corporate crypto treasuries have been hoovering up digital assets all year, despite many cryptocurrencies being close to all-time high values.
There is currently more than 1.3 million BTC worth around $157.7 billion, equating to 6.6% of the circulating supply, in public and private corporate treasuries, according to BitcoinTreasuries.NET.
Meanwhile, Ether DATs have scooped up 5.5 million ETH worth roughly $24 billion and around 4.5% of the total supply, according to StrategicEthReserve.
Bitcoin DATs continue to load up. Source: BitcoinTreasuries.NET. Magazine: Quitting Trump’s top crypto job wasn’t easy: Bo Hines
Additional reporting by Ciaran Lyons.
2025-10-02 07:263mo ago
2025-10-02 02:063mo ago
Michael Saylor Says CAMT No Longer a Barrier as Strategy Eyes $1 Trillion BTC
Treasury and IRS interim guidance allow Strategy to exclude unrealized Bitcoin gains from CAMT liability.
Strategy recently bought 196 BTC, bringing total Bitcoin holdings to 640,031 coins.
The average cost basis of Strategy’s Bitcoin vault is approximately $73,983 per BTC.
Michael Saylor plans to build Strategy’s Bitcoin treasury toward a $1 trillion asset pile.
Something has changed in crypto tax policy. Strategy’s CEO, Michael Saylor, says new guidance from the U.S. Treasury and IRS means his company does not expect to owe the corporate alternative minimum tax (CAMT) on unrealized Bitcoin gains.
That shift removes a major uncertainty over how Strategy reports its massive Bitcoin holdings. The move arrives as Strategy continues to stack crypto, now holding over 640,000 BTC and reaffirms its ambition to build a $1 trillion Bitcoin treasury.
Below is what this means and how it connects to Strategy’s broader crypto strategy.
What the CAMT Update Means for Strategy and Crypto
Michael Saylor tweeted that because of Treasury and IRS interim guidance, Strategy
“does not expect to be subject to the Corporate Alternate Minimum Tax (CAMT) due to unrealized gains on its Bitcoin holdings.”
In simple terms: gains on Bitcoin that the company hasn’t sold won’t count toward the extra tax calculation.
That’s a big relief. Previously, Strategy had disclosed that unrealized gains could trigger CAMT liability in future years. The new rules allow corporations to exclude unrealized gains and losses in calculating their adjusted financial statement income for CAMT purposes.
The IRS and Treasury released interim rules (Notice 2025-46 and 2025-49) on September 30 to clarify many CAMT issues. Among those clarifications: how fair-value accounting and mark-to-market adjustments apply. Under this guidance, Strategy expects to be exempt from CAMT on its crypto holdings.
Market reaction was swift. Strategy’s stock (MSTR) ticked higher after the news, reflecting that investors see one less tax headwind. The new guidance reduces a structural risk for companies holding Bitcoin.
As a result of Treasury and IRS interim guidance issued yesterday, Strategy does not expect to be subject to the Corporate Alternate Minimum Tax (CAMT) due to unrealized gains on its bitcoin holdings. $MSTR https://t.co/DEgluG8oEN
— Michael Saylor (@saylor) October 1, 2025
Strategy’s Bitcoin Accumulation and the $1 Trillion Ambition
According to an earlier report by Blockonomi, Strategy disclosed it added 196 BTC, about $22.1 million worth, in its latest acquisition. With that purchase, it now holds 640,031 BTC in total. The average cost basis remains relatively low (about $73,983 per BTC), meaning the bulk of the position sits in paper profit.
Saylor has publicly laid out a grand ambition: to amass a $1 trillion Bitcoin treasury. He refers to Bitcoin as “digital energy, property, and capital” in cyberspace, and believes Strategy and other firms can eventually reach that scale.
That goal is audacious. To get there, Strategy would need to keep acquiring Bitcoin aggressively over many years. The new CAMT clarity helps by reducing a tax overhang that might otherwise slow accumulation.
Still, the company’s approach draws scrutiny. Some argue that its dependence on capital markets to fund these purchases introduces dilution risk. But with the CAMT question largely resolved, one major barrier to its growth path looks clearer
2025-10-02 07:263mo ago
2025-10-02 02:063mo ago
Michael Saylor Says CAMT No Longer a Barrier as Strategy Eyes $1 Trillion in BTC
Treasury and IRS interim guidance allow Strategy to exclude unrealized Bitcoin gains from CAMT liability.
Strategy recently bought 196 BTC, bringing total Bitcoin holdings to 640,031 coins.
The average cost basis of Strategy’s Bitcoin vault is approximately $73,983 per BTC.
Michael Saylor plans to build Strategy’s Bitcoin treasury toward a $1 trillion asset pile.
Something has changed in crypto tax policy. Strategy’s CEO, Michael Saylor, says new guidance from the U.S. Treasury and IRS means his company does not expect to owe the corporate alternative minimum tax (CAMT) on unrealized Bitcoin gains.
That shift removes a major uncertainty over how Strategy reports its massive Bitcoin holdings. The move arrives as Strategy continues to stack crypto, now holding over 640,000 BTC and reaffirms its ambition to build a $1 trillion Bitcoin treasury.
Below is what this means and how it connects to Strategy’s broader crypto strategy.
What the CAMT Update Means for Strategy and Crypto
Michael Saylor tweeted that because of Treasury and IRS interim guidance, Strategy
“does not expect to be subject to the Corporate Alternate Minimum Tax (CAMT) due to unrealized gains on its Bitcoin holdings.”
In simple terms: gains on Bitcoin that the company hasn’t sold won’t count toward the extra tax calculation.
That’s a big relief. Previously, Strategy had disclosed that unrealized gains could trigger CAMT liability in future years. The new rules allow corporations to exclude unrealized gains and losses in calculating their adjusted financial statement income for CAMT purposes.
The IRS and Treasury released interim rules (Notice 2025-46 and 2025-49) on September 30 to clarify many CAMT issues. Among those clarifications: how fair-value accounting and mark-to-market adjustments apply. Under this guidance, Strategy expects to be exempt from CAMT on its crypto holdings.
Market reaction was swift. Strategy’s stock (MSTR) ticked higher after the news, reflecting that investors see one less tax headwind. The new guidance reduces a structural risk for companies holding Bitcoin.
As a result of Treasury and IRS interim guidance issued yesterday, Strategy does not expect to be subject to the Corporate Alternate Minimum Tax (CAMT) due to unrealized gains on its bitcoin holdings. $MSTR https://t.co/DEgluG8oEN
— Michael Saylor (@saylor) October 1, 2025
Strategy’s Bitcoin Accumulation and the $1 Trillion Ambition
According to an earlier report by Blockonomi, Strategy disclosed it added 196 BTC, about $22.1 million worth, in its latest acquisition. With that purchase, it now holds 640,031 BTC in total. The average cost basis remains relatively low (about $73,983 per BTC), meaning the bulk of the position sits in paper profit.
Saylor has publicly laid out a grand ambition: to amass a $1 trillion Bitcoin treasury. He refers to Bitcoin as “digital energy, property, and capital” in cyberspace, and believes Strategy and other firms can eventually reach that scale.
That goal is audacious. To get there, Strategy would need to keep acquiring Bitcoin aggressively over many years. The new CAMT clarity helps by reducing a tax overhang that might otherwise slow accumulation.
Still, the company’s approach draws scrutiny. Some argue that its dependence on capital markets to fund these purchases introduces dilution risk. But with the CAMT question largely resolved, one major barrier to its growth path looks clearer
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[TOKEN2049] Chiliz CEO Says Fan Tokens Show Crypto's Mainstream Future
At Token2049 in Singapore, one of the industry’s largest annual gatherings, the focus turned to whether consumer-facing crypto products are finally ready to scale. Onstage at the panel “Mainstream Moment: Consumer Crypto at Scale,” speakers from Dapper Labs, Scale AI, and eva.world debated how far blockchain has penetrated everyday use cases. But it was Chiliz CEO Alexandre Dreyfus who drew the most attention, arguing that sports and entertainment already prove crypto’s mass-market potential.
Dreyfus said Chiliz now works with more than 80 professional sports teams and organizations worldwide, giving millions of fans the ability to participate in club decisions and access exclusive experiences through tokenized systems. Unlike speculative tokens that trade mainly on price swings, fan tokens “deliver tangible utility that consumers can feel directly,” he said.
The company is preparing to launch an online sports gaming platform later this year, which Dreyfus described as the next stage of consumer crypto — moving beyond token ownership into active engagement. “Sports fandom is one of the fastest ways to bring mainstream audiences on-chain,” he told the audience, positioning Chiliz as an early proof point for blockchain adoption at scale.
Other panelists highlighted the structural challenges still facing the sector. Roham Gharegozlou, CEO of Dapper Labs, warned that sustainable token economies remain elusive, noting that early experiments often collapsed under unsound incentive models. Alexandra Leow of Scale AI pointed to blockchain’s advantages in transparency and auditability, while Eva Wu, founder of eva.world, argued that mass adoption hinges on removing onboarding barriers such as wallet setup and seed-phrase management.
Despite these concerns, the panel converged on a common theme: consumer crypto must move beyond trading and speculation to offer clear, lasting utility. For Dreyfus, that transition is already under way. “The fandom is already on-chain,” he said. “The question now is how fast this experience can scale.”
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USDT liquidity flow to Ethereum could fuel altcoin season rally: CryptoQuant
Ethereum has overtaken Tron in USDT flows with analysts noting that this shift could drive an ETH-led altcoin rally as Bitcoin dominance weakens.
Summary
$26.6B in USDT flows recorded on Ethereum.
Bitcoin dominance falls to 57.4% as alts gain.
Analysts expect ETH-led altcoin season as liquidity patterns shift.
Ethereum has overtaken Tron as the main hub for USDT transfers, with $26.6 billion recorded on-chain.
According to an Oct. 2 analysis by CryptoQuant contributor BorisD, the move suggests risk appetite in crypto markets is rotating toward Ethereum (ETH). This is often a precursor to wider altcoin rallies. Tron (TRX) activity has stayed flat, indicating its flows are mostly tied to exchange and user transfers rather than leveraged positioning.
Liquidity shift favors Ethereum
Stablecoin activity doesn’t dictate immediate price moves, but it does show where capital is prepared to move next. When flows tilt toward Ethereum, traders typically increase leverage across altcoin markets. That transition often marks the start of a “risk-on” cycle, with volatility rising as capital rotates away from Bitcoin (BTC).
This trend comes as October, often referred to as “Uptober”, begins with historical tailwinds. Over the past decade, Bitcoin has averaged 21.8% monthly gains in October. But the latest market data points to altcoins gaining more traction, with Ethereum dominance slipping and capital flowing toward high-beta tokens like Solana and decentralized exchange assets.
Signs of altcoin season building
Over 75% of the top altcoins have outperformed Bitcoin over the last 90 days, as per the Altcoin Season Index, which has risen to 76 out of 100, its highest level since Dec. 2024. The market value of altcoins, apart from Bitcoin and stablecoins, has more than doubled in the last month, reaching $1.63 trillion.
Meanwhile, Bitcoin dominance has dropped below 60% for the first time since July, highlighting rotation into smaller-cap assets. Additionally, analysts point out that substantial USDT mints, with values ranging from $1 billion to $3 billion, have been placed into exchanges, offering liquidity that often comes before sharp, high-risk asset movements.
Regulatory and macro drivers add to the setup. Recent rate cuts by the Federal Reserve and impending Securities and Exchange Commission rulings regarding spot ETFs for assets like Litecoin and XRP are viewed as catalysts. Trump’s promise to increase the Commodity Futures Trading Commission’s role in overseeing cryptocurrency and other political support have further improved sentiment.
Current liquidity patterns indicate that Ethereum may lead the next leg higher, even though the rally’s sustainability is dependent on funding rates, open interest, and exchange inflows. If history is a guide, capital rotating through ETH before spreading to smaller altcoins could mark the start of a new cycle.
The crypto market has turned things around following a poor start to the week. Bitcoin rallied to the $119k mark, while altcoins recorded excellent gains over the last 24 hours. XRP added 5% to its value during that period and could target new highs once it surpasses the resistance point.
AVAX price shot up to hit an intraday high of $31.32 hours after the Avalanche Treasury Co., which is backed by the Avalanche foundation, announced plans to become a public vehicle dedicated to acquiring up to $1 billion worth of AVAX in its treasury.
Summary
AVAX price briefly rallied as Avalanche Treasury Co. officially announced its Nasdaq plans.
Avalanche Treasury Co. plans to allocate over $1 billion worth of AVAX tokens in the long run.
Avalanche Treasury Co. will go public through a business combination with Mountain Lake Acquisition Corp, the company said in an Oct. 1 press release. The merger is expected to be completed by the first quarter of 2026, following which the company will start trading on Nasdaq under the ticker AVAT.
Following the merger, the new entity is expected to be valued at over $675 million. Of this, approximately $460 million was raised via a funding round, which saw participation from several prominent investors, including Dragonfly, ParaFi Capital, Pantera Capital, VanEck, and Galaxy Digital, among others, along with individual backers such as Ava Labs co-founder Emin Gün Sirer.
The remainder of the value stems from the capital already held by Mountain Lake Acquisition Corp, which had previously been seeded with roughly $230 million ahead of the deal.
Upon launch, the company plans to direct its efforts and allocate its resources to the goal of becoming a strategic “growth engine” for the Avalanche ecosystem, according to CEO Bart Smith.
“We intend to deploy capital to empower the best builders and accelerate the most promising technologies on Avalanche, which we believe creates a powerful cycle of value. As the network thrives through our strategic support, the fundamental value of our own treasury can grow with it,” Smith said.
Smith, who is a Wall Street veteran with over two decades of experience at firms like Susquehanna International Group and AllianceBernstein, will lead AVAT alongside an advisory board made up of some of the most recognizable names in the digital asset space, including Aave founder Stani Kulechov, Blockworks cofounder Jason Yanowitz, and Dragonfly partner Haseeb Qureshi, with Emin Gün Sirer serving as a strategic advisor.
“This team and advisory group have the institutional credibility and crypto-native expertise to execute at scale,” said Paul Grinberg, Chairman & CEO of Mountain Lake Acquisition Corp.
Avalanche Treasury Co. to buy AVAX at a discount
As part of its goal to accumulate more than $1 billion worth of AVAX tokens, which would account for over 8% of AVAX’s circulating supply based on current prices, the company has already begun purchasing AVAX directly from the Avalanche Foundation at a discounted rate.
For its first purchase, the company acquired $200 million worth of AVAX tokens, and this structure delivers an entry point at approximately 0.77 times the net asset value, giving investors a roughly 23% discount relative to current AVAX prices and most passive ETF alternatives.
AVAX price fails to break out
Avalanche (AVAX) price initially reacted to the news and rallied a little over 2% in the hours after the news surfaced, but momentum failed to hold as it failed to decisively flip the resistance around $30-$31 into support.
AVAX price — Oct. 2 | Source: crypto.news
At press time, it had lost almost all of those gains but was still up over 30% from September lows. A major driver of these gains has been the growing institutional appetite for AVAX as a treasury asset this month.
Besides AVAT, AgriFORCE Growing Systems, a small agricultural tech company turned Bitcoin mining company, has recently announced plans to rebrand as AVAX One and pivot into a digital asset treasury model focused on Avalanche.
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Congressman Begich pushes 1M Bitcoin for U.S. reserve
Alaska Representative Nick Begich calls for a modernized approach to national reserves, backing a bill that would add one million bitcoins to the U.S. balance sheet as part of a diversification effort.
He commented, “I’m a believer that we need to diversify our national balance sheet. We’ve got a heavy emphasis on gold, I think we should have an additional strong emphasis on bitcoin.”
Strategy’s Michael Saylor openly supported the BITCOIN Act
Begich, together with Wyoming Senator Cynthia Lummis, reintroduced the BITCOIN Act in March, short for the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act.
The legislation, if enacted, would formally add Bitcoin to the U.S. reserve strategy, building on Trump’s executive order to hold it permanently like the country’s gold reserves. The measure outlines a five-year strategy to acquire one million bitcoins through cost-neutral means, reinforcing Trump’s directive that confiscated digital assets be retained instead of auctioned.
Crypto leaders, including Strategy’s Michael Saylor, have voiced support for the legislation and joined Begich and Lummis at a roundtable to highlight its importance.
Introducing the bill, Begich called it a safeguard for “America’s economic future,” emphasizing the need for leadership in the digital age. He noted, “We must lead—not follow—in this digital revolution. The time to act is now.”
Recently, he also explained that Bitcoin was chosen over other cryptocurrencies because it has been in the market the longest and has a fixed supply of 21 million. However, he suggested it would be preferable if the U.S. filled the reserve through seized assets rather than direct buying, adding that future versions of the bill could remove the buying requirement altogether.
Some believe Begich is pushing for the BITCOIN Act for his personal interests
Begich’s proposal has received criticism. Noah Bookbinder, president of CREW, Citizens for Responsibility and Ethics in Washington, for instance, said that even if Begich is acting in good faith, the bill would push up the value of Bitcoin, an asset in the representative’s portfolio, noting a potential conflict of interest. He noted, “This raises all sorts of red flags.”
Nonetheless, in response to claims that the initiative would increase the value of his holdings, Begich countered that Bitcoin ownership is widespread. He added that he invests in a variety of assets and said it wouldn’t be fair to avoid pushing for ideas just because they could also benefit him.
As of August, Begich held Bitcoin worth $760,000. He claimed he started buying Bitcoin back in 2013 with a $100 purchase. Back in 2014, the Mt. Gox meltdown, however, hit him hard, wiping out the hundreds of Bitcoins he had on the platform. At today’s prices, those lost 440 coins would be worth $48 million. Luckily for him, his earliest Bitcoin buy wasn’t lost in the Mt. Gox fiasco. He held onto those coins, which have since multiplied in value.
Meanwhile, U.S. lawmakers are pressing regulators to expedite Trump’s executive order that enables crypto investments in 401(k) retirement plans. In a letter sent Monday, nine lawmakers, including House Financial Services Committee Chairman French Hill and Subcommittee on Capital Markets Chair Ann Wagner, urged SEC Chair Paul Atkins to provide “swift assistance” to the Department of Labor in adjusting current rules.
They emphasized that under Trump’s August directive on “Democratizing Access to Alternative Assets for 401(k) Investors,” the SEC must make alternative assets, including crypto, more accessible in retirement portfolios.
The lawmakers noted that they are optimistic that such moves will help the 90 million Americans currently barred from investing in alternative assets to secure a dignified, comfortable retirement.
The lawmakers emphasized that every American preparing for retirement should have the opportunity to invest in alternative assets when plan fiduciaries deem it an appropriate way to improve risk-adjusted returns. The letter was signed by Frank D. Lucas, Warren Davidson, Marlin Stutzman, Andrew R. Garbarino, Michael V. Lawler, Troy Downing, and Mike Haridopolos, alongside the lead sponsors.
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Tron Inc. Shares Plunge 85% Amid Broader Crypto Treasury Sell-Off
Tron Inc., a TRX-linked treasury company, has experienced a dramatic 85% decline in its stock price since peaking at $12.80 on June 20, 2025. The Nasdaq-listed firm, which went public through a reverse merger with SRM Entertainment in late July, has been part of a larger downturn impacting crypto-linked public companies.
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Litecoin, Stellar Lead Altcoin Rally Following Bitcoin 'Uptober' Bounce
In brief
Litecoin surged 10% to $118, while Stellar gained 9% to $0.40.
Short liquidations topped $480 million in 24 hours, as sentiment flips sentiment from fear to greed.
Traders are rotating into older coins with Bitcoin rising more than 8% since September 28.
The "Uptober" effect is in full swing.
Kicking off what has historically been Bitcoin's strongest month, the original crypto has sparked a broad market rally, with capital rotating into older altcoins.
The forceful move has caught many traders off guard, triggering a massive wave of short liquidations and flipping overall market sentiment from fear to greed in a matter of days.
Litecoin has taken the lead among the top cryptocurrencies, surging 10% over the last 24 hours to trade at $118.
Litecoin’s outsized gains come amid hopes of a spot ETF approval, with the Canary Litecoin ETF facing its final Securities and Exchange Commission decision deadline on October 2.
While a U.S. government shutdown continues to weigh on investors' minds, particularly as delays at the regulator have been put on hold, some are optimistic the issue will be resolved swiftly.
Stellar has followed closely with a 9% gain, reaching $0.40.
“Macroeconomic factors such as the U.S. government shutdown concerns and a drop in private sector employment are pushing investors toward safe-haven assets like Bitcoin and Gold.” Balaji Srihari, Vice President at CoinSwitch, told Decrypt.
As a result, capital is rotating into “dino coins,” Srihari said, referring to the 2017-launched Layer 1 tokens.
That surge has led to short liquidations exceeding $480 million in a 24-hour period, according to CoinGlass data. Compared to just $110 million in long liquidations, the disproportionate culling of bears hints at the magnitude of outsized buying pressure.
As a result, the Crypto Fear and Greed Index has shot up from fear to greed in less than a week, edging 15 points by some measures.
The seasonal uplift is what investors have dubbed "Uptober," a trend in which Bitcoin and the broader market have historically triggered an uptrend after a typically bearish September.
"‘Uptober’ refers to October’s historical trend as Bitcoin’s strongest month," explained Srihari. "Seasonality typically favors quarter four, and unlike the usual September weakness, this year Bitcoin ended September in the green, setting a higher base for October gains.”
The world's largest crypto is up more than 3.5% over the last 24 hours and a further 8% since September 28 after rallying from $109,000 to $118,600 in quick succession.
If Bitcoin continues on this path, “we could see it hitting $140,000 soon,” he said, which could catalyze capital rotation into altcoins, sustaining the market breadth and serving as a tailwind to the ongoing rally.
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