Market Signal Briefing

Qualcomm (QCOM)—the leading designer of mobile chipsets and licensor of 3G, 4G, and 5G cellular technologies—has experienced a 5-day losing streak, with total losses during this time reaching -6.3%. The company’s market capitalization has decreased by approximately $9 billion over the past five trading days, and it currently stands at $138 billion.

L´HOSPITALET DE LLOBREGAT, BARCELONA, SPAIN - 2025/03/06: Logo of the American company Qualcomm is displayed during the Mobile World Congress. Logos of companies exhibited at MWC 2025. (Photo by Ramon Costa/SOPA Images/LightRocket via Getty Images)

SOPA Images/LightRocket via Getty Images

Is this a chance to buy or a potential pitfall? There are merely a few concerns to have regarding QCOM stock considering its overall Strong operating performance and financial standing. Taking the stock’s Moderate valuation into account, we believe it is Attractive (For more information, see Buy or Sell QCOM).

However, here’s the intriguing aspect. You are analyzing this -6.3% movement after it has already occurred. The market has already factored in the news. To mitigate individual stock risk in advance of the news, you will require predictive signals instead of just alerts. The High Quality Portfolio includes a risk model created to better handle stock-specific declines.

Returns Compared to S&P 500The table below provides a summary of the returns for QCOM stock in relation to the S&P 500 index over various periods, including the ongoing streak:

Streak

Trefis

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Examine what historical data indicates about whether similar downturns have provided buying opportunities or represented traps: QCOM Dip Buyer Analysis.

Gains and Losses Streaks: S&P 500 ComponentsCurrently, there are 42 S&P components that have experienced 3 or more consecutive days of gains, along with 36 components that have undergone 3 or more consecutive days of losses.

Gainers and Losers

Trefis

Key Financials for Qualcomm (QCOM)Key Metrics

Trefis

The ongoing losing streak of QCOM stock does not instill great confidence among investors. In contrast, the Trefis High Quality (HQ) Portfolio, which consists of 30 stocks, has a strong history of consistently exceeding its benchmark that includes all three: the S&P 500, S&P mid-cap, and Russell 2000 indices. How is that possible? As a group, HQ Portfolio stocks have delivered superior returns with less risk compared to the benchmark index; avoiding a volatile ride, as demonstrated by HQ Portfolio performance metrics.

The war in Iran is entering its 18th day and the conflict has now spilled over to neighbouring countries in the Gulf, affecting civilian and economic infrastructure. Yesterday, an Iranian drone struck Dubai International Airport, the world’s busiest aviation hub, igniting a fuel tank and suspending air traffic to and from the region. Other instances include a fatal missile strike in Abu Dhabi and attacks on key energy infrastructure facilities such as the Shah gas field. Markets, by all traditional logic, should have panicked in response to this escalation. Instead, Bitcoin did the opposite by breaking above $75K for the first time since February 4 with short liquidations reaching $416.62 million. 

The explanation lies in plain sight. US Treasury Secretary Scott Bessent told CNBC that the U.S. is allowing Iranian oil tankers to pass through the Strait of Hormuz. This was the first indication of an ease in the blockade that has caused a severe strain on global energy supplies since early March. In effect, what we are seeing today is that while the war might have escalated militarily, it is seemingly de-escalating economically. Bitcoin is benefitting from this as the only major asset class that trades 24/7 while processing both these realities in real time. 

Dubai, Abu Dhabi, Shah Field: The War Expands Beyond Iran  The conflict in the Middle East is now clearly no longer constrained within Iran’s borders. Yesterday’s events highlighted once again the fragility of this war escalating to a larger scale regional conflict. The Washington Post reported that an Iranian drone had struck a fuel tank near Dubai International Airport, prompting flights to be suspended before they were gradually resumed later in the day. On the same day, Abu Dhabi saw two attacks with a fatal missile strike that hit a civilian car and a drone attack on the Shah natural gas facility, one of UAE’s most important energy infrastructure hubs. 

What’s particularly precarious about this situation is the global hesitation to contain the escalations we’re seeing. European allies have restrained from expanding naval operations around the Strait of Hormuz despite pressure from President Donald Trump. At the same time, an information war is playing out, with Trump accusing Iran of spreading disinformation through AI to twist narratives around battlefield gains. However, the most critical signal continues to come from the energy markets. The International Energy Agency has put out a dangerous reminder that this conflict has already led to one of the largest supply disruptions in the history of the global oil market. 

The Hormuz Crack: Bessent’s Quiet De-Escalation Signal  Despite military hostilities escalating across the region, first signs of a de-escalation around the Strait of Hormuz and global energy markets. In a CNBC interview, Treasury Secretary Scott Bessent stated that Iranian oil tankers are already moving through the strait. He added that this was a “natural opening” that the U.S. is willing to look past for now to keep the energy markets in check. What’s critical here is not just the statement, but the implication. Indian and Chinese oil tankers have already passed through the region, indicating that the blockade is no longer absolute. 

Oil prices have reacted quickly on the backdrop of this news. Brent, which hit a peak of $119.9 per barrel on March 9, has pulled back to around $103, with WTI hovering around the mid $90s. Future projections are also suggesting that markets might be pricing in post-crisis normalization. The EIA sees Brent staying above $95 in the short term but a decline to below the $80 mark by Q3 and toward close to $70 by the end of the year. 

As the war has expanded geographically, the actual supply uncertainty seems to be easing. If oil continues to decline below the $100 level, the fears around the stagflation narrative that has restricted risk assets begins to ease. This ultimately influences the path to potential future rate cuts which is structurally bullish for BTC and would likely ignite the risk-on trade. 

Bitcoin Breaks $75K: 416 Million in Shorts Liquidated as the Market Flips  Bitcoin’s reaction to this shifting macro backdrop has been anything but subtle. BTC broke above the $75K mark for the first time since the war began, reaching a high of $76K, a level not seen in over 40 days. What followed was a classic short squeeze. Data from CoinGlass shows that total liquidations reached more than $540 million yesterday with $416.62 million accounting for short positions. At the same time, Open Interest saw a $3.3 billion jump from $47.9 billion to $51.3 billion showing that fresh leveraged positions were entering the market and marking a structural shift in positioning. 

The move from a technical perspective is also very significant. Bitcoin closed yesterday above the $74K level, a price point that it failed to get passed multiple times over the past two weeks. Once this level gave way, shorts were squeezed and pushed prices in a reflexive loop. There is also a visible shift in momentum when it comes to institutional demand. March has already seen $1.54 billion in cumulative inflows, a massive contrast to February and January that saw outflows of -$206.52 and -$1.61 billion respectively. At the time of writing, Bitcoin is up over 12% since the conflict began on February 28, outpacing traditional markets worldwide and traditional safe haven assets like gold. 

What to Watch: The FOMC Wildcard and the March 19-20 Window This week is set to be another volatile one for BTC, with the most important event taking place tomorrow. The U.S. interest decision, the updated dot plot and the subsequent press conference will likely influence Bitcoin’s short term direction. While the rate decision is almost certainly leaning toward a pause, with the CME FedWatch tool placing the probability at 99%, traders and investors will be looking at the dot plot for hints on future rate decisions. This will be the first projection from the Fed that incorporates both the oil shock and the macro environment. 

If the projections shift from 1-2 rate cuts this year to no cuts, this will likely trigger a risk off move given that it signals a higher-for-longer narrative in effect. Instead, if expectations are maintained, the dovish Fed combined with the possibility of oil prices coming down could push Bitcoin higher. 

Another point to note is that Bitcoin’s volatility around previous FOMC meetings have lingered for roughly 48 hours during which a local bottom is formed. Therefore, this event might create a dip window before the next move. While the markets wait for the data to come in, more clarity around shipments passing through the Strait of Hormuz will likely push oil prices down. This, in turn, could calm stagflation fears and bring the potential of future cuts back into focus. 

Zcash has surged over 20% in 24 hours as trading volume rises over 76%, reflecting a sharp increase in participation and aggressive positioning. 

This expansion in activity signals renewed interest after a prolonged decline. Zcash [ZEC] has pushed upward from the $194.90 support zone, showing buyers stepping in with conviction. 

However, underlying metrics still present mixed signals that require careful interpretation. 

While price continues climbing, structural resistance remains nearby, which could influence short-term direction. 

Breakout from wedge signals recovery push for Zcash Zcash has broken out of a descending wedge, shifting its short-term structure toward bullish territory. 

This breakout follows a sustained compression phase where price respected lower highs within the wedge formation. 

After rebounding from $194.90, the price has advanced toward the $300 resistance zone, which now acts as the immediate barrier. 

However, the broader trendline from previous highs still looms above, suggesting that upside continuation must overcome layered resistance. 

The breakout itself indicates improving market strength, yet the proximity to resistance introduces friction. 

As a result, price now tests a critical decision zone where continuation or rejection could define the next directional phase.

RSI has climbed toward 58, reflecting strengthening buyer activity without entering overbought territory. 

This positioning suggests that buying pressure has increased steadily rather than accelerating into exhaustion. 

Earlier, RSI remained suppressed during the downtrend, which aligned with weakening ZEC price action. 

Now, the shift toward neutral-bullish levels highlights improving sentiment among participants.

Source: TradingView Sell-dominant CVD signals hidden pressure At the time of writing, Spot Taker CVD over the 90-day period remained sell-dominant, indicating that market sell orders have continued to outweigh buy orders despite the recent rally. 

This divergence creates an important contrast between visible price strength and underlying order flow dynamics. 

While price has moved upward, aggressive sellers have maintained influence in the broader structure. 

However, such conditions can also reflect absorption, where buyers gradually take supply without immediate price collapse. 

This dynamic suggests that the rally may not rely purely on organic demand. 

Instead, it highlights a complex interaction between accumulation and distribution, which introduces uncertainty around the sustainability of the current move.

Negative funding reveals crowded short positioning on Zcash OI-Weighted Funding Rate has dropped to approximately -0.032%, signaling that short positions dominate the Derivatives market. 

This shift reflects growing bearish positioning even as price trends upward in the short term. When funding turns deeply negative, it often indicates that traders expect downside continuation. 

However, this imbalance can create conditions for sharp upside moves if shorts begin to unwind. As the price approaches the $300 resistance zone, this positioning becomes increasingly relevant. 

A continued upward push could force short liquidations, amplifying volatility. Therefore, the derivatives landscape currently supports heightened price sensitivity around key resistance levels.

Source: CoinGlass Zcash’s rally showed clear strength after breaking out of the descending wedge, supported by rising RSI and strong volume expansion. 

However, persistent sell pressure in Spot Taker CVD and heavy short positioning introduces conflicting signals beneath the surface. 

While short squeezes could extend upside moves, the $300 resistance remains a decisive barrier, meaning the rally would likely continue with volatility rather than a smooth trend.

Final Summary  Zcash showed an improving structure, but resistance pressure could still challenge continuation despite current breakout strength holding firm. Short positioning imbalance may drive volatility higher, potentially extending gains while increasing risk of sharp reversals near resistance.

PayPal USD (PYUSD) holders in 70 countries can now send, receive, and hold the stablecoin in their wallets, up from just the U.S. and U.K.

PayPal is a global fintech platform serving over 430 million consumers and 36 million merchants across roughly 200 countries.

The expansion targets markets in Africa, South America, and Asia where cross-border transfer costs and currency conversion friction remain high.

PayPal SVP and head of crypto, May Zabaneh, reportedly told Fortune that the roll-out covers 68 new countries, including Uganda, Colombia, and Peru.

Enterprise clients like YouTube already use PayPal’s payout infrastructure to distribute funds in PYUSD. PayPal has tested PYUSD for internal cross-border corporate fund transfers between its own entities.

Users in countries like Peru can now bypass forced local-currency withdrawals and hold funds in dollar-pegged PYUSD. In markets like Malawi, PYUSD activates wallet balances for the first time, enabling users to store value on the platform.

PYUSD holders in the U.S. earn 4% annually, a program extending a dollar-denominated savings layer to regions with limited access to USD-based instruments.

PYUSD’s market cap has surged toward $4.1 billion, up more than fivefold over the past year, per CoinGecko.

PYUSD market cap. Source: CoinGeckoThe GENIUS Act, signed into law in 2025, established the first U.S. federal framework for stablecoins, accelerating corporate adoption.

PayPal and Fiserv agreed to make their stablecoins interoperable, opening access to thousands of financial institutions.

Global remittance flows to low- and middle-income countries totaled $685 billion in 2024, a market stablecoins are now competing to capture.

PayPal is expanding access to its stablecoin PYUSD to 70 countries, including regions across South America, Africa, and Asia, whereas previously only users in the US and UK could hold it, Fortune reported Tuesday.

Users can now send, receive, and store PYUSD while also earning rewards, with US users receiving around 4% annually.

This move reduces high cross-border fees, allows users to keep funds in a USD-pegged asset instead of converting to local currencies, and introduces wallet balance functionality in countries where funds previously had to be withdrawn immediately.

PYUSD supports cross-border payments such as transfers from the US to Peru, enables holding digital dollar balances in emerging markets, and is used for business payouts and internal transfers.

Since its 2023 launch, PYUSD’s market cap has grown from a small base to $4.1 billion and is now the seventh-largest stablecoin in the world, CoinGecko data shows.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

Your day-ahead look for March 17, 2026 Mar 17, 2026, 11:23 a.m.

Oil derivatives traders turned to onchain trading. (Gerhard Traschütz/Pixabay modified by CoinDesk)What to know: If you're not already subscribed to the newsletter email, click here.

By Omkar Godbole (All times ET unless indicated otherwise)

While bitcoin’s BTC$73,907.94 price rise since the Iran conflict began more than two weeks ago is impressive, the performance of Hyperliquid is even more notable.

Users of the decentralized perpetuals exchange have traded millions in commodity futures, particularly those tied to oil, highlighting the utility of blockchain-based markets in price discovery when traditional markets are closed.

That trend looks set to continue as industry pundits grow increasingly bullish on commodities, especially energy.

“Energy contracts – particularly refined products such as heating oil and gasoline – exhibit stronger expected Sharpe ratios, tighter physical markets, and supportive term structures,” Prometheus Research said

The Iran conflict has already driven gains in commodity ETFs, and Mining.com predicts a lasting impact on key metals, including nickel and other critical minerals.

All this suggests onchain commodity markets could siphon capital away from bitcoin and various parts of the crypto market. Booming AI stocks supposedly did that in 2024-25, limiting gains in the largest cryptocurrency.

Another tail risk: Economists are predicting an increase in inflation due to the oil price rally, which could prompt central banks to proceed cautiously with interest-rate cuts, further weighing on risk assets. Remember, the Fed is due to announce its rate decision tomorrow.

So while BTC looks buoyant, rapid gains may not come easily. Prices briefly topped $75,000 earlier Tuesday on the back of short-covering in futures and options markets.

"When you pair that heavily hedged options market with the persistently negative perpetual funding rates we saw over the last couple of weeks, it became clear the market was heavily skewed — hedged, short, and under-owned," Monarq Asset Management told CoinDesk.

The breakout, however, was short-lived. Prices slipped back below $74,000, dragging down the CoinDesk 20 Index and major tokens such as ether (ETH), XRP (XRP) and solana (SOL). Meanwhile, S&P 500 futures fell, signaling renewed risk aversion in traditional markets. Stay alert!

Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today

What to WatchFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

CryptoMarch 17: Lava Network (LAVA) to expand with 17 new chain integrations and nine new blockchain ecosystems.MacroMarch 17, 10 a.m.: U.S. Pending Home Sales MoM for February (Prev. -0.8%)Earnings (Estimates based on FactSet data)March 17: CEA Industries (BNC), post-market, $0.69Token EventsFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

Governance votes & callsMarch 17: Mantle (MNT) to host State of Mind Ep. 07, discussing CeDeFi milestones and DeFi strategies.March 17: OKX to host an X Spaces session on agent states featuring representatives from Uniswap, Dune and Alchemy.Decentraland DAO is voting on whether to allow registered users to customize the color of their avatar name tag, and to add a more accessible volume slider to the UI sidebar. Voting ends March 16 and 17.Convex Finance is voting on Curve and Frax gauge weight allocations for the week of March 12, directing vlCVX voting power across hundreds of liquidity pools. It’s also voting on FXN gauge weight allocations for the same period. Voting ends March 17.Aavegotchi DAO is voting to finalize its 2026–2027 Multi-Sig Signers election, preserving the 5-of-9 threshold and setting quarterly signer compensation. Voting ends March 17.Aavegotchi DAO is running Ballot 3 to elect seven of the remaining 10 nominees as Multi-Sig Signers, completing the nine-signer roster for the DAO Foundation wallet. Voting ends March 17.Aura Finance is voting on Balancer gauge weight allocations for the week of March 12, directing vlAURA voting power across Balancer pools on Ethereum, Arbitrum, Optimism, Gnosis, Base, and Avalanche. Voting ends March 17.ShapeShift DAO is voting on establishing and funding a new International UX Workstream for six months to maintain professional multilingual translations of the ShapeShift app and website. Voting ends March 17.UnlocksNo major unlocks.Token LaunchesNo major token launches.ConferencesFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

March 17: CBC Summit (London)Day 1 of 2: DC Blockchain Summit 2026 (Washington, D.C.)Day 1 of 3: Merge São Paulo (Brazil)Market MovementsBTC is down 0.28% from 4 p.m. ET Monday at $73,668.91 (24hrs: +0.22%)ETH is down 1.25% at $2,307.46 (24hrs: +1.76%)CoinDesk 20 is down 0.96% at 2,147.86 (24hrs: +0.75%)Ether CESR Composite Staking Rate is up 7 bps at 2.81%BTC funding rate is at -0.0054% (-5.9042% annualized) on BinanceDXY is up 0.09% at 99.80Gold futures are up 0.03% at $5,003.80Silver futures are down 0.61% at $80.19Nikkei 225 closed unchanged at 53,700.39Hang Seng closed up 0.13% at 25,868.54FTSE 100 is up 0.54% at 10,373.64Euro Stoxx 50 is up 0.45% at 5,764.94DJIA closed on Monday up 0.83% at 46,946.41S&P 500 closed up 1.01% at 6,699.38Nasdaq Composite closed up 1.22% at 22,374.18S&P/TSX Composite closed up 1.03% at 32,876.65S&P 40 Latin America closed down 0.32% at 3,607.58U.S. 10-Year Treasury rate is down 7 bps at 4.22%E-mini S&P 500 futures are up 0.61% at 6,745.75E-mini Nasdaq-100 futures are up 0.66% at 24,839.25E-mini Dow Jones Industrial Average futures are up 0.59% at 47,261.00Bitcoin StatsBTC Dominance: 59.06% (-0.17%)Ether-bitcoin ratio: 0.0313 (-0.39%)Hashrate (seven-day moving average): 935 EH/sHashprice (spot): $32.42Total fees: 2.54 BTC / $187,439CME Futures Open Interest: 115,130 BTCBTC priced in gold: 14.8 oz.BTC vs gold market cap: 4.93%Technical AnalysisThe ETH/BTC ratio's consolidation has ended bullishly. (TradingView)The chart shows daily swings in the ether-bitcoin ratio in candlestick format since November. The ratio surged 5% Monday, breaking out of a prolonged trend of choppy price action. The so-called bullish breakout suggests potential for continued ether outperformance ahead. Crypto EquitiesCoinbase Global (COIN): closed on Monday at $203.32 (+3.98%), +0.33% at $204.00 in pre-marketCircle Internet Group (CRCL): closed at $125.83 (+9.06%), +0.79% at $126.82Galaxy Digital (GLXY): closed at $23.10 (+3.36%), unchangedMARA Holdings (MARA): closed at $9.23 (–0.97%), +0.11% at $9.24Riot Platforms (RIOT): closed at $14.40 (+2.56%), +0.21% at $14.43Core Scientific (CORZ): closed at $16.97 (+2.91%), –0.41% at $16.90CleanSpark (CLSK): closed at $10.02 (+2.66%), +0.50% at $10.07Exodus Movement (EXOD): closed at $9.32 (+3.90%)CoinShares Bitcoin Mining ETF (WGMI): closed at $40.45 (+5.68%), unchangedBullish (BLSH): closed at $39.62 (+8.19%), –1.29% at $39.11Crypto Treasury Companies

Strategy (MSTR): closed at $147.52 (+5.62%), –0.83% at $146.3Strive (ASST): closed at $10.86 (+13.96%), unchangedSharpLink Gaming (SBET): closed at $8.20 (+8.90%), +0.49% at $8.24Upexi (UPXI): closed at $1.08 (–2.70%), +4.63% at $1.13Lite Strategy (LITS): closed at $1.25 (+5.93%)ETF FlowsSpot BTC ETFs

Daily net flows: $199.4 millionCumulative net flows: $56.31 billionTotal BTC holdings ~ 1.29 millionSpot ETH ETFs

Daily net flows: $35.9 millionCumulative net flows: $11.86 billionTotal ETH holdings ~ 5.74 millionSource: Farside Investors

While You Were SleepingIran renews attacks on US Gulf allies, Trump says that was not expected (Reuters): Iran launched fresh attacks ​on the UAE on Tuesday, the kind of strikes on U.S. Gulf allies that Trump said were not expected, although six Gulf nations say otherwise.Goldman Sachs warns oil’s biggest shock will hurt fuels most (Bloomberg): While crude prices are up by more than 40% since the first attacks, with Brent topping $100 a barrel, some products have rallied far more. “No products or regions are fully immune,” Goldman said.Trump says he will have the ‘honor’ of ‘taking Cuba’ (The New York Times): As U.S. and Cuban officials negotiate over the future of the Communist-ruled island, Trump is said to be seeking to push President Miguel Díaz-Canel from power.OpenSea delays highly anticipated token launch, citing challenging crypto market conditions (CoinDesk): OpenSea's Devin Finzer said the debut will no longer be on March 31. He said a new date will unveiled when conditions are right.More For You

Memecoins outpace bitcoin, ether as 'barbell strategy' wins out

23 hours ago

Your day-ahead look for March 16, 2026

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Top Stories

Almost without exception, every major cryptocurrency is down at least 20% in 2026. And they are down even bigger from their all-time highs in 2025, back when crypto euphoria reigned supreme.

Of course, you can safely avoid many of these cryptocurrencies for now. They're never coming back. However, there are two cryptocurrencies that you can buy on the (really big) dip. They both have the support of institutional investors, yet both appear to be wildly undervalued.

1. Bitcoin The obvious pick is Bitcoin (BTC +0.66%). It's down 20% in 2026, and nearly 45% from its all-time high of $126,000 in October.

Just six months ago, Bitcoin looked like a no-brainer crypto investment pick. But a lot has changed since then. Most notably, the "digital gold" investment thesis for Bitcoin has fallen apart. Gold and Bitcoin are now headed in very different directions.

Image source: Getty Images.

But there's still reason to be hopeful about Bitcoin. After all, the world's most popular cryptocurrency has a long track record of bouncing back from adversity. Dating all the way back to 2013, it has never posted back-to-back losing years. So, after a down year in 2025, Bitcoin should rebound in 2026.

Today's Change

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74112.00

Bitcoin is simply in the "bust" phase of its typical four-year boom-or-bust cycle. Just wait a few months, and see what happens. For good reason, investors are still clinging to the notion that Bitcoin will be a $1 million digital asset by 2030.

2. Ethereum Ethereum (ETH +2.59%) is also in the midst of a prolonged dip. It's down 30% in 2026, and a whopping 60% from its all-time high of $4,954 in August.

Today's Change

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2.59

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But just as with Bitcoin, there are plenty of reasons to be optimistic about Ethereum. For one, Ethereum remains the premier Layer-1 blockchain network for decentralized finance (DeFi), and it's not even close. It's also a market leader when it comes to both stablecoins and real-world asset (RWA) tokenization.

If there's any cryptocurrency that's going to get a bounce from new pro-crypto legislation coming soon from Congress, it's Ethereum. That's because Ethereum is a building block for everything that gets built within the blockchain industry. It's a blockchain ecosystem as much as it is a digital currency, which is why any legislation that promotes the growth and development of crypto is going to be a boon for Ethereum.

Ethereum might not have the "sky is the limit" growth potential of Bitcoin, but it's still poised to move much higher from its current price of just $2,000. According to investment firm VanEck, Ethereum could hit a price of $55,000 by 2030 in a super ultra-bullish scenario.

Caveats for investors The big caveat is that this is not just a dip. It is a really big dip. A typical dip in the financial markets is 5%. This dip is much bigger, so investors need to have real conviction in the long-term investment thesis for each of these cryptos before buying.

Thankfully, it's easy to have confidence in both Bitcoin and Ethereum. Both have long historical track records that date back more than a decade. Both have the support of institutional investors. And both have the seal of approval from the current Trump administration. Buying the dip on these two cryptocurrencies has worked in the past, and it will work again in 2026.

Company sees rapid growth in mining output while navigating high costs and operational challenges

Market Sentiment:

Bullish Bearish Neutral

Published: March 17, 2026 │ 11:30 AM GMT

Created by Kornelija Poderskytė from DailyCoin

Cango Inc., a former Chinese auto financing and trading company, reported a $452.8 million net loss for 2025 — its first full year operating as a Bitcoin miner. The company generated $688.1 million in revenue, mining 6,594.6 BTC, according to unaudited results released Monday.

Heavy Losses from Mining CostsCango made a rapid pivot into Bitcoin mining in late 2024, scaling its hash rate and production to around 50 EH/s, putting it close to major miners like MARA Holdings (~58 EH/s) and CleanSpark (~45–50 EH/s). That scale helped the company generate $675.5 million in mining revenue in 2025.

Sponsored

Despite strong production, the company faced $338.3 million in losses on mining equipment due to falling equipment values and accounting adjustments. These non-cash charges were the main driver of the net loss. The fourth quarter was particularly tough, with high operating costs and declining equipment values further weighing on results.

Capital-Intensive OperationsThe company’s first year in mining involved significant operating costs, including $338.3 million in impairment losses on mining machines. 

Even as Bitcoin production grew, total operating expenses exceeded income, showing the challenge of turning mining operations profitable quickly.

The company is also expanding into AI computing and energy projects, aiming to offset the ups and downs of Bitcoin mining with other sources of revenue.

Bitcoin Miners Pivot to AI and HPCThe company’s shift mirrors a broader trend in the industry. Major miners like MARA Holdings and Core Scientific are reducing reliance on traditional mining and moving into AI and high-performance computing (HPC). 

Core Scientific is repurposing its infrastructure for AI workloads, while MARA partnered with Starwood Digital Ventures to build up to 2.5 gigawatts of IT capacity for AI. 

Bitdeer Technologies sold its Bitcoin treasury to invest in AI and HPC, and Cipher Digital rebranded to highlight HPC while securing funding for data center expansion, reflecting a growing trend of diversifying revenue beyond crypto mining.

Why This MattersCango’s loss highlights the financial challenges facing new Bitcoin miners, showing that high production alone does not guarantee profitability in a volatile market.

Discover DailyCoin’s popular crypto news today:
Ripple CEO Reassures XRP Is ‘At The Center’ Of Global Reset
Shiba Inu Jumps Upon 1,699% Burn Hike, Support Fragile

People Also Ask:What is Bitcoin mining?

Bitcoin mining is the process of verifying transactions on the Bitcoin network. Miners use specialized computers to solve complex mathematical problems, adding blocks to the blockchain and earning Bitcoin as a reward.

Why is Bitcoin mining so expensive?

Mining requires powerful hardware, lots of electricity, and cooling systems. Equipment can also lose value quickly due to new technology or market fluctuations, making it a capital-intensive business.

What are “impairment losses” in mining?

Impairment losses occur when the value of mining equipment falls below its original cost. These are non-cash accounting adjustments that reduce reported profits.

DailyCoin's Vibe Check: Which way are you leaning towards after reading this article?

Market Sentiment

0% Neutral

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.

A UK resident has accused his estranged wife of stealing over 2,323 Bitcoin from a Trezor hardware wallet, allegedly using a security camera to capture his seed phrase and wallet access codes.

Summary

Ping Fai Yuen alleges 2,323 Bitcoin were taken from his hardware wallet after his wife and her sister obtained his seed phrase through covert surveillance. Funds were moved to 71 wallet addresses, with no activity recorded since December 2023 as police arrested the accused and seized related devices A UK High Court judge said the claimant has a strong chance of success. A court judgment filed in the UK’s High Court of Justice outlines claims by the plaintiff, Ping Fai Yuen, alleging that his wife, Fun Yung Li, and her sister secretly recorded him using surveillance equipment to obtain his seed phrase. Subsequently, the funds were transferred to 71 different wallet addresses.

Ping figured something was wrong after allegedly being tipped off by his daughter, following which he installed audio recording equipment that he claims captured conversations related to the alleged theft and plans to move the funds.

However, court documents claim no transactions have taken place from the wallets since Dec. 21, 2023.

Ping reported the alleged theft to the police, after which authorities arrested his wife and confiscated several cold wallets and luxury watches as part of the investigation.

Last year, Ping filed an application asking the court to freeze all crypto assets linked to his wife, formally recognize his ownership of the Bitcoin, and either return the funds or award him their equivalent value in fiat currency. At the time, he also raised concerns about a potential crypto dusting attack, which involves sending small amounts of cryptocurrency to wallets to track activity and identify high-value holders.

According to the judge presiding over the case, Ping has a high chance of success, noting that the defendant had not provided “any alternative (or any) explanation for the movement of the Bitcoin.”

“The evidence is that he was warned of what the First Defendant was seeking to do, the transcripts are damning; and when the First Defendant’s property was searched, the necessary equipment to exfiltrate the Bitcoin was found,” the judge wrote.

Further, the judge stated that the court will schedule a case management hearing if the parties fail to agree on the next steps and have recommended an early trial, citing the security risks and price volatility associated with Bitcoin.

Recent crypto theft cases As previously reported by crypto.news, last month, John Daghita was arrested in Saint Martin for allegedly stealing more than $46 million in cryptocurrency. Authorities allege Daghita misappropriated over $46 million in cryptocurrency from wallets held by the U.S. Marshals Service while working as a government contractor.

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A U.K. man is suing his estranged wife for allegedly stealing 2,323 Bitcoin, worth approximately $172.6 million, from his hardware wallet. 

The dramatic High Court case, filed earlier this month, exposes a tangled web of secret surveillance, alleged betrayal, and the legal gray zones of digital wealth, capturing the growing clash between cutting-edge cryptocurrency and centuries-old property law.

The case centers on Ping Fai Yuen, a U.K. resident who alleges that his wife, Fun Yung Li, unlawfully gained access to his cryptocurrency holdings in 2023. 

According to court filings, Yuen claims Li managed to obtain the recovery phrase to his hardware wallet by secretly monitoring him through surveillance cameras installed inside their home.

Yuen alleges that Li captured the wallet’s 24-word recovery phrase using the home’s CCTV system and used it to reconstruct the wallet and move the funds without his permission. 

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Notably, the alleged transfer occurred in August 2023, when the Bitcoin was valued at just under $60 million. Due to Bitcoin’s price appreciation since then, the same holdings are now estimated to be worth roughly $172 million.

Additionally, court documents indicate that the funds were moved through multiple transactions before being distributed across 71 separate blockchain addresses. 

Further, according to filings, the Bitcoin has not been moved since December 2023 and is reportedly not held on cryptocurrency exchanges, making it more difficult to trace or recover.

Yuen initially attempted to pursue a claim based on “conversion,” a legal doctrine traditionally applied when someone wrongfully takes possession of another person’s physical property.  However, the judge determined that the concept does not directly apply to digital assets like Bitcoin under existing interpretations of English law.

Despite this setback, the court allowed the lawsuit to continue under alternative legal grounds, which could still enable Yuen to recover the cryptocurrency if the allegations are proven during trial proceedings.

Nevertheless, the case has also revealed a series of unusual and deeply personal developments within the couple’s relationship. According to court filings, Yuen began installing audio recording devices inside the home after his daughter warned him that Li might attempt to take control of the Bitcoin holdings.

Following the discovery that the Bitcoin had been moved, tensions between the pair escalated dramatically. Yuen confronted Li about the missing funds, which ultimately led to a physical altercation. 

Elsewhere, law enforcement authorities subsequently searched Li’s residence, seizing several hardware wallets and recovery phrases as part of the investigation. 

Earlier this year, a court noted that a 22-year-old woman facing U.S. deportation may keep $850K stolen from her ex-boyfriend’s crypto wallet.

Miami man Michael Anthony Bravo met Maissa Jebali in June 2024, but their brief relationship ended abruptly. While he slept, Jebali allegedly transferred hundreds of thousands of TrumpCoin from his wallet into hers.

Private investigator David Bolton called it “a con from Day 1,” highlighting the dangers of unsecured crypto wallets and stolen recovery phrases.

Ethereum is finally showing more upside potential. After spending weeks building a base above the February lows, ETH has now pushed into a key resistance zone, which makes this one of the more important tests since the selloff began. The rebound is real, but it is now approaching an area where sellers previously stepped in.

Ethereum Price Analysis: The Daily Chart The daily chart has improved, but the broader trend is not fully repaired yet. ETH is still trading below the major 100-day and 200-day moving averages, and the bigger bearish structure from the previous months has not been completely invalidated. Even so, the strong reaction from the $1,800 region confirms that buyers have been defending that area aggressively.

The asset is now trading near the $2,300 to $2,400 supply zone, which is the next major battleground. If buyers manage to turn this area into support, the path could open toward the higher resistance band near $2,800. If not, this move may end up being just a strong relief rally inside a still-damaged higher timeframe structure.

ETH/USDT 4-Hour Chart On the 4-hour chart, the recovery looks much cleaner. ETH has been climbing inside an ascending channel, printing higher highs and higher lows, which shows clear short-term control by buyers. The asset has even broken above the channel, pointing to a potentially more aggressive rally, if the current move does not become a fake breakout by dropping back inside the channel. Momentum has also expanded sharply, with RSI pushing into the overbought territory as the price accelerated into resistance.

That said, the market is no longer trading in the middle of the range. It is now testing the upper boundary of the recent advance and pressing into overhead supply at the same time. This usually means the next move matters a lot. It can either be a breakout continuation above the channel and resistance, or a fakeout and drop toward the mid-channel and the $2,000 to $2,100 area.

On-Chain Analysis The on-chain backdrop is constructive. Ethereum’s 30-day transaction count exponential moving average remains elevated relative to most of the past cycle, even after cooling off from its recent spike.

That suggests network activity has not collapsed with the prior price weakness and that underlying usage is still holding up fairly well. However, it also shows that a potential capitulation phase is happening, as many holders have become active in selling their coins and exiting the market quickly. However, for every seller, there is a fresh buyer.

Overall, the network is showing better participation than price alone might suggest. That does not guarantee immediate upside, but it does support the idea that the recent rebound has a stronger foundation than a purely speculative bounce. If the price can now follow through above resistance, the on-chain picture would start to align much more clearly with a broader recovery thesis.

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Bitcoin is trading at $74,000 after Bitcoin ETFs saw $201.6 million in net inflows on Monday, while Ethereum ETFs reported $35.9 million in net inflows.  

The meme coin market capitalization rose by 4.2% to $35.6 billion.

Trader Commentary:

CryptoLimbo noted that Bitcoin has surged past $75,000, marking a roughly 25% gain from February lows and breaking out of its recent range.

However, caution remains ahead of the FOMC meeting, as Bitcoin has historically seen sell-offs following several 2025 Fed decisions. This time, the breakout is occurring before the event, which could alter the typical reaction pattern.

Trader DamiDefi said Ethereum has flipped key resistance at $2,150 into support, forming a bullish breakout–retest–continuation structure. If the level holds, the next upside target sits near $2,800.

Bluntz Capital highlighted broader strength across altcoins, noting Solana has broken out of a five-week accumulation range, while Ethereum continues to show a high-conviction breakout.

Crypto chart analyst Ali Martinez added that XRP is breaking out of a triangle pattern, with a projected move toward $1.85 if momentum sustains.

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Chinese technology giant Alibaba on Tuesday released a new agentic artificial intelligence tool, Wukong, for enterprise customers, as the company restructures and faces rising competition.

The company told CNBC in a statement that Wukong allows businesses to manage multiple agents through a single interface, while offering "enterprise-grade security infrastructure."

The platform, which is still in its invitation-only testing phase, will be able to manage agents handling tasks such as document editing, approvals, meeting transcription, and research. Unlike chatbots that respond to prompts, AI agents can take proactive actions, often requiring broader access to company data and systems, raising privacy and security concerns.

Named after the Monkey King character from the classic Chinese novel "Journey to the West", Wukong is available as a standalone desktop application or through DingTalk, a cloud-based communications platform similar to Salesforce's Slack.

Besides DingTalk, which has over 20 million corporate users, Alibaba outlined plans to connect Wukong with other messaging platforms, including Slack, Microsoft Teams and Tencent's WeChat, expanding access to mobile devices.

Wukong will also be progressively integrated into Alibaba's broader suite of e-commerce platforms such as Taobao and Alipay.

Alibaba is the latest company to roll out AI agents. Rival Tencent and startups such as Zhipu AI have raced to launch similar products built on OpenClaw, an open-source agentic platform developed by Peter Steinberger, who has since joined Sam Altman's OpenAI.

The announcement of Alibaba's new enterprise tool comes at a pivotal moment for the Hangzhou-based company founded by billionaire Jack Ma.

Wukong was unveiled a day after the company announced a reorganization, with the AI agent platform falling under its new Alibaba Token Hub business group.

Besides Wukong, the new business group — which will focus on developing and applying AI tokens — will oversee existing Alibaba units Tongyi Laboratory, MaaS Business Line, Qwen and AI Innovation, and will be led by Alibaba CEO Eddie Wu.

AI tokens refer to units of data or value used within AI systems, including inputs, outputs or usage tied to computing.

In an internal memo published Monday on Alizila, the company's news portal, Wu described the changes as a "historic opportunity" as the company stands at the "threshold of an [artificial general intelligence] inflection point."

Leadership exitsThe shakeup also follows the departure of key personnel involved in developing Alibaba's popular agentic chatbot Qwen.

On March 4, Lin Junyang, the key technical lead behind Qwen, alluded to his departure from the company in a cryptic post on X, writing "bye my beloved qwen."

A day later, Alibaba CEO Wu confirmed Lin's departure in an internal staff memo reviewed by CNBC, saying that the company has accepted "Lin Junyang's resignation and we sincerely thank him for his contributions during his time with us."

Lin's resignation marked the third senior departure this year from the Qwen team, following Yu Bowen and Hui Binyuan, who headed post-training and coding, respectively, according to Reuters.

Alibaba's Hong Kong-listed shares closed 0.45% higher Tuesday to 134.6 Hong Kong dollars ($17.17) following the announcement of Wukong. The company is scheduled to announce its fourth-quarter 2025 earnings on Thursday.

— CNBC's Evelyn Cheng contributed to this report.

                                                        Press release                                           

17 March 2026

APPOINTMENT CEO OF HSBC CONTINENTAL EUROPE

Cécile Ratcliffe is appointed CEO HSBC Continental Europe, effective from 1 June 2026 subject to regulatory approval.

She will succeed Christopher Davies, Interim CEO HSBC Continental Europe since 1 January 2026.

Christopher Davies and Joseph Swithenbank will remain Deputy CEOs of HSBC Continental Europe.

Under Cécile Ratcliffe’s leadership, HSBC Continental Europe will continue to be a critical growth market for HSBC through its ambition to be a financing powerhouse and the n°1 international bank for corporate and institutional clients, connecting Europe with the rest of the world.

Michael Roberts, CEO of HSBC Bank plc and CEO of Corporate and Institutional Banking HSBC, commented: “I am delighted Cécile is joining to lead the bank in Continental Europe and will guide it towards achieving its ambition. I would like to thank Chris for his outstanding leadership as Interim CEO during this transition period.”

Cécile Ratcliffe commented: “I am honoured to be joining HSBC to lead the team in Continental Europe, as the bank continues to connect European clients to opportunities across HSBC’s international network and clients from other geographies to Europe.”

Biography

Cécile Ratcliffe joined Citigroup in 1993 and served most recently as Chief Country Officer and Head of Banking for France (2021-2026), Head of Markets for France, Belgium and Luxembourg (2017–2021), and Chief Country Officer for Belgium (2015–2017).

She holds degrees in economics, finance and management from Sciences Po Paris, Paris I Sorbonne (D.E.A. in market finance and international banking strategy), and Université Paris IX Dauphine.

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Note to editors

HSBC Holdings plc

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 56 countries and territories. With assets of US$3,233bn at 31 December 2025, HSBC is one of the world’s largest banking and financial services organisations. 

HSBC Continental Europe

Headquartered in Paris, HSBC Continental Europe is an indirectly held subsidiary of HSBC Holdings plc. HSBC Continental Europe comprises corporate and institutional banking, private banking, insurance and asset management activities across Continental Europe, including the business activities of 10 European branches (in Belgium, Czech Republic, Germany, Ireland, Italy, Luxembourg, the Netherlands, Poland, Spain and Sweden) and two banking subsidiaries in Luxembourg and Malta. HSBC Continental Europe’s mission is to serve both customers in Continental Europe for their needs worldwide and Group customers for their needs in Continental Europe.

APPOINTMENT CEO OF HSBC CONTINENTAL EUROPE

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--PSQ Holdings, Inc. (NYSE: PSQH) (the “Company”), a payments and financial infrastructure company, today reported financial results for the fourth quarter 2025 and full year 2025. FOURTH QUARTER 2025 HIGHLIGHTS Net revenue from continuing operations, which includes the financial technology (“fintech”) segment, for the quarter ended December 31, 2025 was $7.3 million compared to $3.5 million for the fourth quarter ended December 31, 2024, a 109% increase co.

HIGHLIGHTS:

Corner Expansion Zone35.1 m grading 0.40 g/t Aueq from 1.5 m19.8 m grading 0.60 g/t Aueq from 1.5 m54.9 m grading 0.23 g/t Aueq from 0 m53.3 m grading 0.27 g/t Aueq from 48.8 m13.7 m grading 0.81 g/t Aueq from 67.0 m30.5 m grading 0.64 g/t Aueq from 48.8 mPhase 3 SW Zone15.2 m grading 0.27 g/t Aueq from 24.4 m13.7 m grading 0.31 g/t Aueq from 9.1 m16.8 m grading 0.32 g/t Aueq from 27.4 mMKT Zone16.8 m grading 0.50 g/t Aueq from 9.1 m33.5 m grading 0.27 g/t Aueq from 30.5 mCorner Expansion Zone intercepts over 200 metres from reserve edge and remains openSecond rig added and program expanded to 15,000-18,000 metres in 2026Results indicate potential for resource expansion that could extend mine lifeVancouver, British Columbia--(Newsfile Corp. - March 17, 2026) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce the Company's first results from drilling at its 100% owned San Agustin Mine in Durango, Mexico. For 2026, Heliostar has committed to a US$9.75M resource and reserve drilling program which has been increased from 10,000-15,000 metres to 15,000-18,000 metres of drilling. The program has a primary aim of finding additional oxide resource ounces to support an extension of the mine life.

Heliostar CEO, Charles Funk, commented, "Momentum at San Agustin continues to grow - building from expansion permits being granted in July 2025, through the restart of mining in December 2025 and first gold produced and sold in January 2026. Today's results continue this positive trend showing that oxide gold mineralization extends for over 200 m from the edge of the current reserves at San Agustin. These intercepts have similar grades to those in the current mine plan that, due to the very low 0.9:1 strip ratio, generate significant cashflow. Today's results have the potential to expand the mine life of San Agustin."

"We have added an additional drill rig to accelerate the drill program and aim to complete an updated resource for economic assessment to support the mine life expansion decision. Additional production at San Agustin can generate significant cash flow in today's metals price environment. This will further support the Company's plan to build Ana Paula in 2027-28 without requiring equity financing."

Drilling Program

Heliostar has completed 75 holes and 7,230 metres to date in the current program that is testing eight near mine target areas. Today's release covers 53 holes totalling 5,148 metres from three of the eight target areas, namely the Corner Expansion, Phase 3 SW and MKT Zones (Figure 1). Results demonstrate the potential for production growth and mine life extension at San Agustin. Intercepts at the Corner Expansion Zone show mineralization over 200 metres southwest of the edge of the current reserve that remains open. Drilling at the Phase 3 SW Zone has shown that mineralized corridors extend beyond the current pit and warrant follow-up drilling and the MKT Zone has returned widespread low-grade intervals.

Encouraging results at the Corner Expansion Zone have driven the decision to expand the drill program to define a potential resource. This drilling will include both core and reverse circulation ("RC"). Core drilling will be used to collect rock strength data, hydrogeologic data and samples for detailed metallurgical studies. This will allow Heliostar to gather the engineering and metallurgy information required to evaluate an additional pit layback beyond the reserve that is currently being mined.

Figure 1: Plan map of oxide targets and reported drill hole locations at San Agustin Mine. Areas with yellow shading have been drilled and non-shaded areas remain to be tested.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/288779_417dbb2fd444abd7_001full.jpg

Figure 2: Detailed plan map of drilling in Corner Expansion Zone.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/288779_417dbb2fd444abd7_002full.jpg

Figure 3: Cross section through selected holes in the Corner Expansion Zone.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/288779_417dbb2fd444abd7_003full.jpg

Corner Expansion Zone Results Summary

The Corner Expansion Zone drilling demonstrates that mineralization is prevalent beyond the current reserve. A mineralized corridor extending 200 m away from the current pit boundary is defined by the intercepts in 25-SAGRC-739, -740, and -746 and remains open to further expansion (Figures 2 and 3).

Mineralization in the corridor is principally controlled by the southwest-striking Arturo fault with secondary controls including favourable lithologies and lithologic contacts. Planned definition drilling with both core and RC will increase the drilling density to support a resource model ahead of potential mining. The extension of the Arturo Fault mineralization has been a focus of drilling to date with multiple successful exploration intercepts along the structure. However, there are several other zones which have recently been identified in new blasthole drilling as well as historic drilling. These will be tested by initial RC drilling and followed up with additional drilling if successful.

Holes 26-SAGRC-761 to -764 were drilled as part of a campaign to validate the geologic and resource model in areas internal to the current reserve pit with limited drilling. It was noted that many areas in the pit modelled as waste can be attributed to a lack of drill information. This represents the opportunity that there may be additional tonnes already in the mine plan that can be added to the leach pad and monetized.

Phase 3 SW Results Summary

Drilling at the Phase 3 SW Zone located extensions of high-grade southwest-striking mineralized corridors and disseminated mineralization at the margin of the existing pit. The program included 10 holes totalling 640 metres. Key intercepts include 25-SAGRC-733 and -734 which intercepted 15.2 m at 0.27 g/t gold equivalent from 24.4 m and 13.7 m of 0.31 g/t gold equivalent from 9.1 m, respectively. These two intercepts define the continuation of a key mineralized structure. Hole 25-SAGRC-729 highlights an additional potential zone with 16.8 m of 0.32 g/t gold equivalent from 27.4 m.

MKT Zone Results Summary

Results from the MKT zone define a large and consistent zone of mineralization near the current mining cut-off grade. Drilling at MKT includes 15 holes totaling 1,280 m meters drilled at the northwest side of the pit and covering an area of 130 by 150 metres. These results will be incorporated into future models to determine the potential to lay back the wall in this area. The potential strip ratios would likely be favourable. Further drilling is planned in the area to define higher grade mineralization that would improve mining economics.

Results Details

True widths are unknown. Mineralization at San Agustin occurs as disseminations and structurally and stratigraphically controlled zones. Multiple controls on these zones include northwest- and northeast-striking sub vertically dipping faults, lithology, and fracture networks. Drill orientation is optimized to test the dominant control in the area.

Drilling at San Agustin is ongoing with the recent addition of a second drill rig. The two drill rigs will test both major target concepts at the mine: near mine oxide targets and underlying sulphide potential. The expansion of the program to 15,000-18,000 metres will allow for a resource drilling program to follow up todays results and first pass testing of the Phase 3, Phase 5, MKT-2, La Isla, and Phase 7 Oxide Target Zones.

The next San Agustin drill results are anticipated to be released in Q2, 2026.

Drilling Results and Coordinates Tables

Table 1: Highlighted significant Drill Intersections. A full table of results can be found on the Company's website here.

Hole NameFrom
(metres)To
(metres)Interval
(metres)Au
(g/t)Ag
(g/t)Au-equiv
(g/t)Hole
Purpose25-SAGRC-72076.289.913.70.470.90.47MKT Zone25-SAGRC-72219.832.012.20.380.90.38MKT Zone25-SAGRC-72330.564.033.50.271.00.27MKT Zone25-SAGRC-72557.971.613.70.580.50.59MKT Zone25-SAGRC-7269.125.916.80.500.80.50MKT Zone25-SAGRC-7299.119.810.70.235.30.24Phase 3 SW Zoneand27.444.216.80.2919.10.32
25-SAGRC-7304.619.815.20.2418.80.28Phase 3 SW Zone25-SAGRC-73324.439.615.20.2510.20.27Phase 3 SW Zone25-SAGRC-7349.122.913.70.301.80.31Phase 3 SW Zone25-SAGRC-73616.829.012.20.208.20.22Phase 3 SW Zoneand44.250.36.10.5111.60.53
25-SAGRC-7393.112.29.10.136.10.15Corner Extension and18.332.013.70.2727.70.32
and48.759.410.70.515.10.52
25-SAGRC-74035.141.26.10.2620.40.30Corner Extension and48.8102.153.30.2129.50.27
and112.7141.729.00.3920.50.42
25-SAGRC-7410.054.954.90.2017.30.23Corner Extension and62.586.924.40.3652.30.48
25-SAGRC-7421.529.027.50.288.60.29Corner Extension 25-SAGRC-74477.786.89.10.279.10.29Corner Extensionand94.5102.17.60.4463.00.55
25-SAGRC-7451.536.635.00.397.00.40Corner Extension25-SAGRC-74618.324.46.10.182.80.18Corner Extension and48.779.230.50.634.90.64
25-SAGRC-747118.9125.06.11.1948.91.34Corner Extension 25-SAGRC-74942.761.018.30.2734.70.34Corner Extension and80.7103.622.90.3539.00.42
25-SAGRC-75067.085.318.30.3036.00.36Corner Extension 25-SAGRC-7521.521.319.80.5246.00.60Corner Extension 26-SAGRC-7610.012.212.20.218.00.23Corner Reserveand18.335.116.80.1715.70.20
and41.185.344.20.4332.70.49
and93.0108.215.20.3218.40.38
26-SAGRC-7620.012.212.20.255.10.26Corner Reserveand24.454.930.50.3115.00.34
and71.682.310.70.1450.00.23
and82.389.97.60.2547.00.40
The AuEq grades were calculated using ratios of metal prices and metal recoveries in the following equation:

 AuEq = (Au + Ag/equivalency factor)
Where equivalency factor = ((Au price in US$/g * Au recovery) / (Ag price in US$/g * Ag recovery))
Au price = $2,150 USD per ounce and Ag price = $26 USD per ounce
Au recovery (oxide) = 66% and Au recovery (transition) = 38%
Ag recovery (oxide) = 10% and Ag recovery (transition) = 10%Drilling Coordinates Table

Table 2: Highlighted Hole Details. A full table of details can be found on the Company's website here.

Hole IDEasting
(NAD27 MX
Zone 13N)Northing
(NAD27 MX
Zone 13N)Elevation
(metres)Azimuth
(°)Inclination
(°)Length
(metres)25-SAGRC-720539,5402,741,8421911.945.1-45.597.525-SAGRC-722539,5102,741,8141909.345-45.491.425-SAGRC-723539,4902,741,8281909.544.8-45.591.425-SAGRC-725539,5652,741,9031911.445-45.591.425-SAGRC-726539,5022,741,8751910.945.1-70.385.325-SAGRC-730540,5832,740,9701868.9135.1-45.339.625-SAGRC-733540,4762,741,1131872.9135.2-45.556.425-SAGRC-734540,4752,741,0771876.0135.2-45.585.325-SAGRC-736540,4962,740,9851870.9135.2-45.6126.525-SAGRC-739539,6722,740,9871897.2142-50.5128.025-SAGRC-740539,6502,741,0101898.0141.9-50.4146.325-SAGRC-741539,7282,741,0601895.9135-50.2103.625-SAGRC-742539,7752,741,0111893.7135.1-50.1103.625-SAGRC-744539,5482,741,0981901.3134.9-50.1170.725-SAGRC-745539,6722,740,9391897.8134.9-50.1103.625-SAGRC-746539,6482,740,9631898.3135.4-50.3128.025-SAGRC-747539,6062,740,9691899.5135.2-50179.825-SAGRC-749539,7582,741,1791896.2143.1-45.3111.325-SAGRC-750539,7182,741,1421897.0135.2-50.391.425-SAGRC-752539,8362,741,0221891.8135-49.985.326-SAGRC-761540,0212,741,1221896.4135.1-45.1158.526-SAGRC-762539,9892,741,1161894.4134.8-4597.5San Agustin Technical Report Note

Heliostar filed the technical report titled "San Agustin Operations, Durango State, Mexico, NI 43-101 Technical Report" on SEDAR+ on January 14, 2025. Additional details on the San Agustin project can be found here.

Quality Assurance / Quality Control

Reverse circulation (RC) holes were drilled with 5-1/8 inch tools. Reverse circulation samples with a mass of >20kg were split into one-quarter, which was submitted for analysis. Reverse circulation samples with a mass of ≤20kg were split into two halves, one of which was submitted for analysis. Three-quarters or one-half of the samples, respectively, were retained as a record. Drill samples were shipped to ALS Limited in Zacatecas, Zacatecas, Mexico, for sample preparation and analysis at the ALS laboratory in North Vancouver. The Zacatecas and North Vancouver ALS facilities are ISO/IEC 17025 certified. Gold was assayed by 30-gram fire assay with atomic absorption spectroscopy finish, and overlimits were analyzed by 30-gram fire assay with gravimetric finish.

Control samples comprising certified reference and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's quality assurance / quality control protocol.

Statement of Qualified Person

Stewart Harris, P.Geo., a Qualified Person, as such term is defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Harris is employed as Exploration Manager of the Company.

About Heliostar Metals Ltd.

Heliostar is a gold mining company with production from operating mines in Mexico. This includes the La Colorada Mine in Sonora and the San Agustin Mine in Durango. The Company also has a strong portfolio of development projects in Mexico and the USA. These include the Ana Paula project in Guerrero, the Cerro del Gallo project in Guanajuato, the San Antonio project in Baja California Sur and the Unga project in Alaska, USA.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, show the full extent of the deposit, upgrade and expand the resource base, growing our annual production profile in the near term and bringing additional production online.

Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect the Company's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political, and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company's mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding exploration and mining activities; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in the Company's public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288779

Source: Heliostar Metals Ltd.

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, /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") will report financial results for the first quarter 2026 before the market opens on Friday, May 1, 2026. Management will discuss the Company's results during a conference call at 1:00 pm (Eastern Time) that day.

To participate in the conference call, please follow the steps listed below:

Friday, May 1, 2026, dial (833) 470-1428 approximately ten minutes before the call begins, access code 982356.

Tell the operator that you are calling for Xenia Hotels & Resorts' First Quarter 2026 Earnings Conference Call.

State your full name and company affiliation and you will be connected to the call.

For those unable to listen to the call live, a replay will be available one hour after the end of the conference call. To access the replay, dial (866) 813-9403, access code 630650.

A live webcast of the earnings call will also be available through the Company's website. To access, log on to www.xeniareit.com ten minutes prior to the call. A replay of the conference call webcast will be archived and available online for 90 days through the Investor Relations section of www.xeniareit.com.

About Xenia Hotels & Resorts, Inc.
Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 30 hotels comprising 8,868 rooms across 14 states. Xenia's hotels are in the luxury and upper upscale segments, and operated and/or licensed by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection. For more information on Xenia's business, refer to the Company website at www.xeniareit.com.

For additional information or to receive press releases via email, please visit our website at www.xeniareit.com

SOURCE Xenia Hotels & Resorts, Inc.

Here are three stocks with buy rank and strong income characteristics for investors to consider today, March 17:

CrossAmerica Partners LP (CAPL - Free Report) : This fuel distribution company witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.5% the last 60 days.

This Zacks Rank #1 company has a dividend yield of 9.7%, compared with the industry average of 6.1%.

Opera Limited (OPRA - Free Report) : This internet software company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.6% the last 60 days.

This Zacks Rank #1 company has a dividend yield of 5.4%, compared with the industry average of 0.0 %.

Magna International Inc. (MGA - Free Report) : This automotive supplier company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.9% in the last 60 days.

This Zacks Rank #1 company has a dividend yield of 3.6%, compared with the industry average of 0.0%.

See the full list of top ranked stocks here.

Find more top income stocks with some of our great premium screens.

Nvidia's Huang predicts $1 trillion in hardware sales, government bonds will keep selling off, Nebius strikes a second big AI deal, and more news to start your day.

Sundry Photography/iStock Editorial via Getty Images

Listen below or on the go via Apple Podcasts and Spotify

Beyond Meat (BYND) to delay filing annual report due to inventory accounting review. (00:13) U.S. confirms $4.3B Tesla (TSLA), LG Energy Solution battery deal. (01:07) SK Group chairman warns memory chip shortage could last until 2030. (01:37)

This is an abridged transcript.

Beyond Meat (BYND) is down 4.6% in premarket action after rising 6.3% on Monday.

The plant-based meat producer said it will delay filing its 2025 annual report. The company says it needs more time to review its inventory balances, including provisions for excess and obsolete stock.

It expects to finalize this review and file its annual report no later than March 31. It has not yet determined the review's potential impact on its financial statements.

The company also expects to report Q4 revenue of about $61M, lower than the $63.79M consensus estimate. Net revenue for 2025 is expected to be around $275M, compared to the consensus estimate of $276.98M

The US government confirmed that Tesla (TSLA) and South Korea's LG Energy Solution signed a $4.3B battery supply and manufacturing deal.

The agreement involves building a lithium iron phosphate prismatic battery cell factory in Lansing, Michigan.

Batteries produced there will power Tesla’s (TSLA) Megapack 3 energy storage systems, manufactured in Houston.

The facility is expected to begin production in 2027.

The head of South Korean conglomerate SK Group stated that a global memory chip shortage is expected to continue for another four to five years due to persistent constraints in semiconductor production.

He said leading players such as SK Hynix (HXSCL) are expanding capacity, but they’re unlikely to fully satisfy demand until around 2030.

The chairman told reporters at Nvidia’s GTC event that industry-wide, the supply of the basic wafers that are made into chips is lagging demand by more than 20%.

SK Hynix (HXSCL), the main high-bandwidth memory (HBM) ​supplier to Nvidia, ranks No. 1 in the HBM market with a 57% share and holds a 32% ​share of the global DRAM market, making it the second-largest player, according to Counterpoint.

What’s Trending on Seeking Alpha

OpenAI to cut back on side projects in push to ‘nail’ core business, WSJ reports

Nvidia CEO Huang doubles down, eyes $1T in product demand through 2027: GTC

Big tech carbon credit buys soar as AI race heats up, led by Microsoft

Catalyst watch:

BrightSpring Health Services (BTSG) will hold an Investor Day event.

The first games of the NCAA March Madness basketball tournament will be played. The addition of Missouri to the sports betting pool and increased interest in the tournament are expected to boost DraftKings (DKNG) and BetMGM (MGM) (GMVHF). Meanwhile, prediction market players Kalshi (KALSHI) and Polymarket (POLYMARKET) have greatly expanded their event contracts around March Madness.

Dow, S&P and Nasdaq futures are in mixed territory. Crude oil is up 2.6% at $95. Bitcoin is down 1% at $74,000. Gold is up 0.1% at $5,013.

The FTSE 100 is up 0.5% and the DAX is up 0.3%.

The biggest movers for the day premarket: LENSAR (LNSR) -19% - Shares plunged after the company and Alcon (ALC) mutually agreed to terminate their planned acquisition, citing expectations that the Federal Trade Commission (FTC) would challenge the deal.

Economic calendar:

FOMC Meeting Begins

8:30 am Housing Starts and Permits

10:00 am Pending Home Sales Index

And the Wall Street Breakfast newsletter has an interesting topic this morning and it’s also a trending topic, Is Cuba next. If you haven’t signed up to receive it, here’s a link to signup.

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.

NEW YORK--(BUSINESS WIRE)--Pfizer Inc. (NYSE: PFE) today announced positive topline results from the randomized Phase 2 FOURLIGHT-1 study evaluating atirmociclib in combination with fulvestrant, versus fulvestrant or everolimus plus exemestane, in people with hormone receptor (HR)-positive, human epidermal growth factor receptor 2-negative (HER2-) advanced or metastatic breast cancer (MBC) who had received prior cyclin-dependent kinase (CDK) 4/6 inhibitor-based treatment. The study met its prim.

SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN), a leading off-price value retailer of apparel, accessories and home trends primarily for Black families in the United States, today reported results for the fourth quarter and full year ended January 31, 2026. For purposes of comparison, unless otherwise stated, metrics in this release are compared to the 13-week quarter and 52-week full year ended February 1, 2025. Chief Executive Officer Comments Ken Seipel, Chief Executive Off.

Alibaba stock has stuttered but the company is betting that a new business unit overseeing all its AI businesses can help revive optimism.

RAHWAY, N.J.--(BUSINESS WIRE)---- $MRK #MRK--Merck (NYSE: MRK), known as MSD outside of the United States and Canada, today announced it will present new clinical and real-world data reaffirming the long-term effectiveness of the company's 9-valent Human Papillomavirus (HPV) vaccine, GARDASIL®9 (Human Papillomavirus 9-valent Vaccine, Recombinant) and its 4-valent HPV vaccine, GARDASIL® (Human Papillomavirus 4-valent Vaccine, Recombinant) against certain HPV-related cancers and diseases at the EUROGIN Interna.

Acme United (ACU) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.