Market Signal Briefing

Stocks are hitting fresh record highs, and gold has surged past $3,900, but Bitcoin has been left trailing behind. The world’s largest cryptocurrency, often compared to digital gold, has remained stuck in a narrow $100,000–$120,000 trading range for nearly three months after setting new all-time highs earlier this summer.

This divergence between gold and Bitcoin is not new. Historically, the two assets have taken turns leading the market. When gold rallies, Bitcoin tends to consolidate. When gold cools, Bitcoin often takes the spotlight. Earlier this year, for example, Bitcoin dropped nearly 30% from January to April while gold climbed roughly 28% to $3,500 amid global economic uncertainty. But when gold’s momentum stalled in August, Bitcoin rallied 60% to reclaim new highs.

Currently, gold is in the midst of a powerful rally, gaining about 17% in just seven weeks and approaching the $4,000 mark. Bitcoin, however, continues to trade sideways below $120,000. According to Charlie Morris, chief investment officer at ByteTree, the relationship between the two assets is loosely correlated, with the 90-day correlation averaging just 0.1. He explains that gold thrives during low interest rates and weaker economies, while Bitcoin tends to benefit from stronger growth and firmer rates.

If the pattern of rotation holds true, Bitcoin could be preparing for its next breakout once gold loses steam. As Morris noted, “The good news for Bitcoin is that sooner or later, gold will get tired.” Traders and long-term investors are watching closely for signs of gold’s rally slowing, which could provide the catalyst for Bitcoin’s next push beyond $120,000 and possibly into record-breaking territory.

With gold leading now and Bitcoin consolidating, the stage may be set for the next rotation in digital assets, reinforcing the ongoing narrative of Bitcoin as a complementary — and sometimes rival — store of value to gold.

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SUI Group, formerly Mill City Ventures, is making waves in the digital asset treasury (DAT) sector with plans to launch two stablecoins on the Sui blockchain by the end of 2025. The initiative, developed in partnership with Ethena Labs, marks an ambitious attempt to expand utility and strengthen liquidity across the Sui ecosystem.

After raising $450 million and building a $330 million token reserve, SUI Group is pushing beyond the traditional DAT model. The planned stablecoins—suiUSDe and USDi—are positioned as alternatives to USDC, currently the dominant stablecoin on Sui. Executives argue this experiment could establish a new benchmark for altcoin-focused treasuries. Chairman Marius Barnett described the initiative as a step toward creating a “SUI Bank,” envisioned as a central liquidity hub for the network.

The strategy, however, faces significant obstacles. The broader DAT sector has struggled with falling market values and shrinking investor confidence. By pursuing a bold pivot into stablecoins, SUI Group may be seeking to differentiate itself in a contracting industry. Yet the timing raises concerns, especially as U.S. regulators have recently intensified scrutiny of DAT firms for insider trading allegations. Adding to the uncertainty, the GENIUS Act requires stablecoin issuers to hold reserves in U.S. Treasuries, raising questions about how SUI Group will secure compliant reserves while heavily invested in its native token.

The outcome of this gamble could redefine the role of DATs. If successful, it may inspire other firms to leverage token stockpiles to shape blockchain ecosystems. Failure, however, could signal deeper instability in the sector and highlight regulatory risks for experimental stablecoin models. With Sui’s token price already under pressure, the coming year may determine whether SUI Group’s bold move reshapes the landscape—or becomes a cautionary tale.

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TL;DR

Tether added 8,889 BTC in a transfer from Bitfinex, boosting its Bitcoin reserves to about $9.8 billion at market value.
The pattern of quarter-end purchases helps reinforce its balance sheets before attestations; the October report will confirm if they are already included.
The company is strengthening its U.S. presence with a subsidiary led by Bo Hines and preparing USAT, a stablecoin designed to comply with federal frameworks.

Tether added nearly $1 billion in Bitcoin after receiving 8,889 BTC in a single transfer from Bitfinex, raising its BTC reserves to around $9.8 billion based on current market prices.

It was one of the company’s largest individual Bitcoin acquisitions this year and reinforces its position as the stablecoin issuer with the largest exposure to Bitcoin.

Blockchain records show Tether has followed a quarter-end acquisition pattern, with similar purchases in September and December 2024, and March 2025. Analysts note this behavior points to a strategy of strengthening balance sheets ahead of quarterly reserve attestations. In its second-quarter report, Tether disclosed nearly $9 billion in Bitcoin, making the upcoming report, expected at the end of October, crucial to confirm whether the latest purchases are officially recorded.

The close link with Bitfinex surfaced again, as the 8,889 BTC transfer originated directly from the exchange. This relationship has long been questioned due to the size of the transactions and the concentration of activity between the two entities.

In June, Tether also moved roughly $1.4 billion worth of BTC to Twenty One Capital, run by Jack Mallers. The transfer sparked speculation about a diversification into other assets such as gold, but CEO Paolo Ardoino denied that possibility and insisted that Bitcoin will remain the core of the company’s reserve strategy.

Tether Speeds Up Its U.S. Expansion
At the same time, Tether is accelerating its U.S. expansion campaign. The company has established a domestic subsidiary led by Bo Hines, a former White House advisor on crypto policy, and is preparing to launch a stablecoin called USAT, designed to comply with federal regulatory frameworks. The plan is to strengthen its foothold in the U.S. market without altering the group’s global structure.

The growth of USDT highlights the scale the company has reached. Its circulating supply is around $175 billion, a 10% increase in the past quarter, confirming its central role as a liquidity benchmark in markets and DeFi applications. However, questions remain about the transparency of reserves and the consistency between public reports and blockchain records. The next quarterly report will be key to resolving those doubts and determining the level of confidence in Tether’s management.

Key Takeaways Tech-crushing, Meta and Microsoft partner ANET stock is a long-term AI winner.
Nuclear energy giant Constellation is powering AI data centers and expanding into natural gas.

Artificial intelligence spending is fueling the Wall Street bull market as big tech bets big on power-hungry AI data centers and beyond. The AI hyperscalers, including Amazon, Meta, and others, are projected to spend roughly $400 billion in capex in 2025 alone. Global data center infrastructure spending is expected to reach $7 trillion by 2030.

There is no end in sight to the wave of AI spending that extends to energy and grid infrastructure because generative AI platforms like ChatGPT use 10X the energy of an average Google search.

The two AI-related stocks we dive into today are not the tech stocks most associated with AI, such as Nvidia. Nonetheless, Constellation Energy and Arista Networks benefit directly from the AI megatrend that’s poised to dominate Wall Street in the back-half of the decade and beyond.

Image Source: Zacks Investment Research

Let’s dive into why investors should buy CEG and ANET now before possible breakouts in October and the fourth quarter. Both AI-boosted stocks are also long-term buy-and-hold candidates.

Nuclear Energy Stock Constellation is a Must-Buy AI WinnerConstellation Energy (CEG - Free Report)  is at the forefront of the growing relationship between big tech and nuclear energy. CEG earned 20-year power purchase agreements with Microsoft and Meta (META - Free Report)  over the last year to support their AI expansion efforts.

The largest U.S. nuclear power plant operator is ready to transform into one of the energy industry titans of the AI age through Constellation’s $27 billion deal to buy natural gas and geothermal powerhouse Calpine.

CEG’s acquisition, which is expected to close in Q4, creates the largest clean energy firm and expands Constellation’s footprint into power-hungry, tech-heavy Texas and California.

Constellation stock is poised to be one of the most surefire long-term winners in the AI-driven energy age as the U.S. government aims to quadruple nuclear energy capacity by 2050 and AI hyperscalers go all-in on nuclear and natural gas.

Image Source: Zacks Investment Research

It’s poised to power large swaths of the economy and AI data centers via CEG’s established portfolio of reliable 24/7 power. Constellation is also expanding into next-gen small modular nuclear reactors (SMRs), where it competes against pre-revenue home-run stocks such as Oklo.

Constellation raised its dividend by 10% in 2025 and 25% in 2024 as part of a plan to consistently boost its payout to shareholders. The nuclear energy powerhouse is expected to grow its adjusted earnings per share (EPS) by 9% in 2025 and 27% in 2026.

Its near-term trajectory is part of Constellation's “visible, double-digit long-term base EPS growth backed by the Nuclear Production Tax Credit.” The chart above shows that CEG’s earnings revisions are trending higher.

Image Source: Zacks Investment Research

CEG stock climbed 300% in the last three years to outpace the S&P 500’s 87%. The stock has jumped 55% in 2025 to outpace Meta and many AI hyperscalers.

Constellation trades 15% below its average Zacks price target, and it looks ready to break out into a new trading range at some point in October or the fourth quarter. Constellation also trades at a 20% discount to its highs at 29.1X forward 12-month earnings. 

Buy Meta and Microsoft AI Partner ANET Stock

Arista Networks (ANET - Free Report)  is a client-to-cloud networking powerhouse for large AI, data center, campus, and routing environments. ANET’s networking infrastructure expanded rapidly over the past decade alongside the explosion of cloud computing, big data, and most recently, artificial intelligence.

ANET’s products help connect computers and servers, ensuring fast and reliable data transfer. In short, Arista helps provide some of the ‘plumbing’ that keeps large-scale tech operations such as AI running smoothly.

AI hyperscalers, Microsoft (MSFT - Free Report)  and Meta, are two of Arista’s largest clients, highlighting to investors that ANET’s portfolio is full of best-in-class AI data center-focused offerings.

Image Source: Zacks Investment Research

ANET grew its revenue from $361 million in 2013 to $7 billion in 2024, boosted by 32% average sales growth in the trailing four years. Arista Networks is projected to grow its sales by 25% in FY25 and 20% in 2026 to reach $10.52 billion, more than doubling its revenue between 2022 and 2026.

Arista’s impressive balance sheet ($8.8 billion in cash and equivalents and zero debt) should help expand its reach within AI and whatever technological revolution might come next. The networking infrastructure firm is projected to grow its adjusted earnings by 24% in 2025 and 14% in FY26 to extend a huge run of bottom-line expansion.

ANET’s FY25 consensus EPS estimate has jumped 10% since its Q2 release, with its FY26 outlook 9% higher to help it earn a Zacks Rank #1 (Strong Buy). The tech company has also beaten our quarterly earnings estimates for five years running.

Image Source: Zacks Investment Research

ANET skyrocketed 3,700% in the past 10 years to blow away Meta’s 680% and Tech’s 433%, including a 415% surge over the last three years. Despite trading near its all-time highs, its valuation levels mark a 28% discount to Arista's peaks.

The stock experienced a bullish golden cross, where the 50-day moves above the 200-day, in late July. Arista stock could be poised to charge higher in Q4 after gapping above its early 2025 peaks in early August following a huge beat-and-raise Q2 report.   

HomeIndustriesComputers/ElectronicsTech StocksTech StocksIntel has been the beneficiary of recent financial investments, but a report indicates it’s in talks to book AMD as a manufacturing customerPublished: Oct. 1, 2025 at 5:37 p.m. ET

Intel Corp. and Advanced Micro Devices Inc. are rivals — and perhaps soon-to-be partners.

The chip companies are in early-stage discussions over AMD AMD potentially becoming a customer for Intel’s INTC foundry business, Semafor reported on Wednesday, citing unnamed people familiar with the matter. How much manufacturing Intel would do for AMD through a hypothetical partnership is unclear, and there’s no guarantee the companies will move forward with a deal.

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By Reuters

October 1, 20259:41 PM UTCUpdated ago

A logo is displayed on the day Apple's Vision Pro headset goes on sale for the first time in Los Angeles, California, U.S., February 2, 2024. REUTERS/Mike Blake Purchase Licensing Rights, opens new tab

Oct 1 (Reuters) - Apple

(AAPL.O), opens new tab has halted a planned overhaul of its Vision Pro headset to divert resources toward developing smart glasses that can rival products from Meta Platforms

(META.O), opens new tab, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.

Sign up here.

Reporting by Juby Babu in Mexico City; Editing by Tasim Zahid

Our Standards: The Thomson Reuters Trust Principles., opens new tab

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Conference Call and Webcast Scheduled for Wednesday, October 29, 2025 at 12:00 p.m. Eastern Time

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that it will release financial results for the three and nine months ended September 30, 2025, after the market close on Tuesday, October 28, 2025. A conference call and audio webcast with analysts and investors will be held on Wednesday, October 29 at 12:00 p.m. Eastern Time, to discuss the results. Details for the call are listed below.

Third Quarter Conference Call Details:

Live conference call: 1 833 470 1428 (domestic) or 1 646 844 6383 (international)

Call Access Code: 448846

Live webcast: https://events.q4inc.com/attendee/799886849

Conference call replay available through January 29, 2026:

1 866 813 9403 (domestic) or 1 929 458 6194 (international)

Replay access code: 609278

The Company is enabling investors to pre-register for the earnings conference call so that they can expedite their entry into the call and avoid the need to wait for a live operator. In order to pre-register for the call, investors can visit NetRoadshow and enter their contact information. Investors will then be issued a personalized phone number and PIN to dial into the live conference call. Individuals can pre-register any time prior to the start of the conference call on Wednesday, October 29.

About FCPT:

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.

More News From Four Corners Property Trust

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October 01, 2025 17:49 ET

 | Source:

California Water Service Group

SAN JOSE, Calif., Oct. 01, 2025 (GLOBE NEWSWIRE) -- California Water Service Group (Group, NYSE: CWT) today announced today the sale of $170,000,000 in aggregate principal amount of Senior Unsecured Notes (the Notes) by Group and $200,000,000 in aggregate principal amount of First Mortgage Bonds (the Bonds) by California Water Service Company (Cal Water), a wholly owned subsidiary of Group, in private placement transactions. 

The Notes consist of $70,000,000 of 4.87% senior unsecured notes, Series A, due October 1, 2032 and $100,000,000 of 5.22% senior unsecured notes, Series B, due October 1, 2035. The Notes received an “A” rating by S&P Global (S&P) in advance of the sale. The Bonds consist of $200,000,000 of 5.64% bonds, Series 3, maturing October 1, 2055. The Bonds have an S&P rating of “AA-.” The Notes and the Bonds closed on October 1, 2025.

Interest on the Notes will accrue semi-annually and be payable in arrears. The Notes will rank equally with Group’s indebtedness under its Credit Agreement, dated as of March 31, 2023, with Bank of America, N.A. and the other parties thereto. Interest on the Bonds will accrue semi-annually and be payable in arrears. The Bonds will rank equally with all of Cal Water’s other First Mortgage Bonds and will be secured by liens on its properties, subject to certain exceptions and permitted liens. 

Group plans to use the net proceeds from the sale of the Notes to refinance existing indebtedness and for general corporate purposes. Cal Water plans to use the net proceeds from the sale of the Bonds to refinance existing indebtedness and for general corporate purposes, as set forth in California Public Utilities Code Section 817.

Neither the Notes nor the Bonds have been registered under the Securities Act of 1933 and neither may be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This announcement is neither an offer to sell nor a solicitation of an offer to buy any of the Notes or the Bonds. The matters discussed in this release include forward-looking statements. These statements are based on current expectations or beliefs and are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Group is providing this information as of the date of this news release and assumes no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release.

Group is the parent company of regulated utilities Cal Water, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, as well as Texas Water Service, a utility holding company. Together, these companies provide regulated and non-regulated water and wastewater service to more than 2.1 million people in California, Hawaii, New Mexico, Washington, and Texas. Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com.

This news release contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 (PSLRA). The forward-looking statements are intended to qualify under provisions of the federal securities laws for “safe harbor” treatment established by the PSLRA. Forward-looking statements in this news release are based on currently available information, expectations, estimates, assumptions and projections, and our management’s beliefs, assumptions, judgments and expectations about us, the water utility industry and general economic conditions. These statements are not statements of historical fact. When used in our documents, statements that are not historical in nature, including words like will, would, expects, intends, plans, believes, may, could, estimates, assumes, anticipates, projects, progress, predicts, hopes, targets, forecasts, should, seeks or variations of these words or similar expressions are intended to identify forward-looking statements. Forward-looking statements are not guarantees of future performance. They are based on numerous assumptions that we believe are reasonable, but they are open to a wide range of uncertainties and business risks. Consequently, actual results or outcomes may vary materially from what is contained in a forward-looking statement. Factors that may cause actual results or outcomes to be different than those expected or anticipated include, but are not limited to: the outcome and timeliness of regulatory commissions’ actions concerning rate relief and other matters, including with respect to the 2024 California general rate case (GRC); the impact of opposition to rate increases; our ability to recover costs; federal governmental and state regulatory commissions’ decisions, including decisions on proper disposition of property; changes in state regulatory commissions’ policies and procedures, such as the California Public Utilities Commission’s decision in 2020 to preclude companies from proposing full decoupling, which impacted the 2021 California GRC Filing; changes in California State Water Resources Control Board water quality standards; changes in environmental compliance and water quality requirements, such as the United States Environmental Protection Agency’s finalization of a National Primary Drinking Water Regulation establishing legally enforceable maximum contaminant levels (MCL) for PFAS in drinking water in 2024 as well as legal challenges to such MCLs; the impact of weather, climate change, natural disasters, including wildfires and landslides, and actual or threatened public health emergencies, including disease outbreaks, on our operations, water quality, water availability, water sales, and operating results and the adequacy of our emergency preparedness; electric power interruptions, especially as a result of public safety power shutoff programs; availability of water supplies; our ability to invest or apply the proceeds from the issuance of common stock in an accretive manner; consequences of eminent domain actions relating to our water systems; increased risk of inverse condemnation losses as a result of the impact of weather, climate change, and natural disasters, including wildfires and landslides; housing and customer growth; issues with the implementation, maintenance or security of our information technology systems; our ability to renew leases to operate water systems owned by others on beneficial terms; civil disturbances or terrorist threats or acts; the adequacy of our efforts to mitigate physical and cyber security risks and threats; the ability of our enterprise risk management processes to identify or address risks adequately; labor relations matters as we negotiate with the unions; changes in customer water use patterns and the effects of conservation, including as a result of drought conditions; our ability to complete, in a timely manner or at all, successfully integrate and achieve anticipated benefits from announced acquisitions; restrictive covenants in or changes to the credit ratings on our current or future debt that could increase our financing costs or affect our ability to borrow, make payments on debt or pay dividends; risks associated with expanding our business and operations geographically; the impact of stagnating or worsening business and economic conditions, including inflationary pressures, general economic slowdown or a recession, changes in tariff policy and uncertainty regarding tariffs and other retaliatory trade measures, the interest rate environment, changes in monetary policy, adverse capital markets activity or macroeconomic conditions as a result of geopolitical conflicts; the impact of market conditions and volatility on unrealized gains or losses on our non-qualified benefit plan investments and our operating results; the impact of weather and timing of meter reads on our accrued unbilled revenue; the impact of evolving legal and regulatory requirements, including emerging environmental, social and governance requirements; the impact of the evolving U.S. political environment that has led to, in some cases, legal challenges and uncertainty around the funding, functioning, and policy priorities of the U.S. federal regulatory agencies and the status of current and future regulations; and other risks and unforeseen events described in our Securities and Exchange Commission (SEC) filings. In light of these risks, uncertainties and assumptions, investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. When considering forward-looking statements, you should keep in mind the cautionary statements included in this paragraph, as well as the Annual Report on Form 10-K, Quarterly 10-Q, and other reports filed from time-to-time with the SEC. We are not under any obligation, and we expressly disclaim any obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. A credit rating is not a recommendation to buy, sell or hold any securities, may be changed at any time by the applicable ratings agency and should be evaluated independently of any other information.

Contact
James P. Lynch
408-367-8200 (analysts)

Shannon Dean
408-367-8243 (media)

NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Municipal Funds:

Declaration- 10/1/2025 Ex-Date- 10/15/2025 Record- 10/15/2025 Payable- 11/3/2025

National Funds

Ticker

Distribution

Change From Prior Distribution

 

BlackRock Municipal Income Quality Trust*

BYM

$0.055500

-

BlackRock Long-Term Municipal Advantage Trust*

BTA

$0.049500

-

BlackRock MuniAssets Fund, Inc.*

MUA

$0.055500

-

BlackRock Municipal Income Trust*

BFK

$0.050000

-

BlackRock Investment Quality Municipal Trust, Inc.*

BKN

$0.057000

-

BlackRock Municipal Income Trust II*

BLE

$0.054000

-

BlackRock Municipal 2030 Target Term Trust

BTT

$0.046400

-

BlackRock MuniHoldings Fund*

MHD

$0.059500

-

BlackRock MuniYield Quality Fund II, Inc.*

MQT

$0.051000

-

BlackRock MuniYield Quality Fund, Inc.*

MQY

$0.058000

-

BlackRock MuniHoldings Quality Fund II, Inc.*

MUE

$0.051000

-

BlackRock MuniVest Fund II, Inc.*

MVT

$0.054000

-

BlackRock MuniYield Fund, Inc.*

MYD

$0.054500

-

BlackRock MuniYield Quality Fund III, Inc.*

MYI

$0.055500

-

BlackRock MuniVest Fund, Inc.*

MVF

$0.036000

-

BlackRock 2037 Municipal Target Term Trust

BMN

$0.093750

-

State-Specific Funds

Ticker

Distribution

Change From Prior Distribution

 

BlackRock MuniHoldings California Quality Fund, Inc.*

MUC

$0.053500

-

BlackRock California Municipal Income Trust*

BFZ

$0.059000

-

BlackRock MuniYield Michigan Quality Fund, Inc.*

MIY

$0.054500

-

BlackRock MuniHoldings New Jersey Quality Fund, Inc.*

MUJ

$0.054000

-

BlackRock MuniHoldings New York Quality Fund, Inc.*

MHN

$0.051500

-

BlackRock MuniYield New York Quality Fund, Inc.*

MYN

$0.051200

-

BlackRock New York Municipal Income Trust*

BNY

$0.051000

-

BlackRock MuniYield Pennsylvania Quality Fund*

MPA

$0.066000

-

BlackRock Virginia Municipal Bond Trust*

BHV

$0.051500

-

Taxable Municipal Fund:

Declaration- 10/1/2025 Ex-Date- 10/15/2025 Record- 10/15/2025 Payable- 10/31/2025

Fund

Ticker

Distribution

Change From Prior Distribution

 

BlackRock Taxable Municipal Bond Trust*

BBN

$0.098600

-

Taxable Fixed Income Funds:

Declaration- 10/1/2025 Ex-Date- 10/15/2025 Record- 10/15/2025 Payable- 10/31/2025

Fund

Ticker

Distribution

Change From Prior Distribution

 

BlackRock Floating Rate Income Trust*

BGT

$0.120280

-

BlackRock Core Bond Trust*

BHK

$0.074600

-

BlackRock Multi-Sector Income Trust*

BIT

$0.123700

-

BlackRock Income Trust, Inc.*

BKT

$0.088200

-

BlackRock Limited Duration Income Trust*

BLW

$0.113200

-

BlackRock Credit Allocation Income Trust*

BTZ

$0.083900

-

BlackRock Debt Strategies Fund, Inc.*

DSU

$0.098730

-

BlackRock Floating Rate Income Strategies Fund, Inc.*

FRA

$0.123840

-

BlackRock Corporate High Yield Fund, Inc.*

HYT

$0.077900

-

Equity Funds:

Declaration- 10/1/2025 Ex-Date- 10/15/2025 Record- 10/15/2025 Payable- 10/31/2025

Fund

Ticker

Distribution

Change From Prior

Distribution

 

BlackRock Resources & Commodities Strategy Trust*

BCX

$0.069700

-

BlackRock Enhanced Equity Dividend Trust

BDJ

$0.061900

-

BlackRock Energy and Resources Trust*

BGR

$0.097300

-

BlackRock Enhanced International Dividend Trust*

BGY

$0.042600

-

BlackRock Health Sciences Trust*

BME

$0.262100

-

BlackRock Enhanced Global Dividend Trust*

BOE

$0.082700

-

BlackRock Utilities, Infrastructure & Power Opportunities Trust*

BUI

$0.136000

-

BlackRock Enhanced Large Cap Core Fund, Inc.*

CII

$0.141000

-

BlackRock Science and Technology Trust*

BST

$0.250000

-

Declaration- 10/1/2025 Ex-Date- 11/14/2025 Record- 11/14/2025 Payable- 11/28/2025

Fund

Ticker

Distribution

Change From Prior

Distribution

 

BlackRock Enhanced Large Cap Core Fund, Inc.*

CII

$0.141000

-

Declaration- 10/1/2025 Ex-Date- 12/22/2025 Record- 12/22/2025 Payable- 12/31/2025

Fund

Ticker

Distribution

Change From Prior

Distribution

 

BlackRock Enhanced Large Cap Core Fund, Inc.*

CII

$0.506000

0.365000

Multi-Asset Funds:

Declaration- 10/1/2025 Ex-Date- 10/15/2025 Record- 10/15/2025 Payable- 10/31/2025

Fund

Ticker

Distribution

Change From Prior

Distribution

 

BlackRock Capital Allocation Term Trust*

BCAT

$0.267520

(0.002390)

BlackRock ESG Capital Allocation Term Trust*

ECAT

$0.284800

(0.002770)

* In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended (the “1940 Act”), each of the Funds noted above posted to the DTC bulletin board and sent to its shareholders of record as of the applicable record date a Section 19 notice with the previous distribution payment. The Section 19 notice was provided for informational purposes only and not for tax reporting purposes. This information can be found in the “Closed-End Funds” section of www.blackrock.com. As applicable, the final determination of the source and tax characteristics of all distributions in 2025 will be made after the end of the year.

BlackRock Capital Allocation Term Trust (NYSE: BCAT) and BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) have adopted a managed distribution plan (a “Plan”) to support a level monthly distribution of income, capital gains and/or return of capital, or in the case of BCAT and ECAT, a monthly distribution based on an annual rate of 20% (for BCAT and ECAT) of the Fund’s 12-month rolling average daily net asset value calculated 5 business days prior to declaration date of each distribution. The October 2025 distribution for each of BCAT and ECAT was calculated based on the average net asset value from 9/24/2024 through 9/23/2025. Below are the 12-month rolling average daily net asset values used to calculate BCAT and ECAT’s October distributions:

BCAT: $16.050797

ECAT: $17.087809

The fixed amounts distributed per share or distribution rate, as applicable, are subject to change at the discretion of each Fund’s Board of Directors/Trustees. Under its Plan, each Fund will distribute all available investment income to its shareholders, consistent with its investment objectives and as required by the Internal Revenue Code of 1986, as amended (the “Code”). If sufficient income (inclusive of net investment income and short-term capital gains) is not available on a monthly basis, a Fund will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution.

Each Fund’s estimated sources of the distributions paid as of September 30, 2025 and for its current fiscal year are as follows:

Estimated Allocations as of September 30, 2025

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

BCX1

$0.069700

$0.020008 (29%)

$0 (0%)

$0 (0%)

$0.049692 (71%)

BDJ

$0.061900

$0.013224 (21%)

$0 (0%)

$0.048676 (79%)

$0 (0%)

BGR1

$0.097300

$0.019696 (20%)

$0 (0%)

$0 (0%)

$0.077604 (80%)

BGY1

$0.042600

$0 (0%)

$0 (0%)

$0.042600 (100%)

$0 (0%)

BME1

$0.262100

$0.027693 (11%)

$0 (0%)

$0.234407 (89%)

$0 (0%)

BOE1

$0.082700

$0.005846 (7%)

$0 (0%)

$0.076854 (93%)

$0 (0%)

BUI

$0.136000

$0.020299 (15%)

$0 (0%)

$0.115701 (85%)

$0 (0%)

CII

$0.141000

$0.005872 (4%)

$0 (0%)

$0.135128 (96%)

$0 (0%)

BST

$0.250000

$0 (0%)

$0 (0%)

$0.250000 (100%)

$0 (0%)

BCAT1

$0.269910

$0.027109 (10%)

$0 (0%)

$0 (0%)

$0.242801 (90%)

ECAT1

$0.287570

$0.028051 (10%)

$0 (0%)

$0 (0%)

$0.259519 (90%)

Estimated Allocations for the Fiscal Year through September 30, 2025

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

BCX1

$0.627300

$0.216214 (34%)

$0 (0%)

$0 (0%)

$0.411086 (66%)

BDJ

$0.557100

$0.298190 (54%)

$0 (0%)

$0.258910 (46%)

$0 (0%)

BGR1

$0.875700

$0.259163 (30%)

$0 (0%)

$0 (0%)

$0.616537 (70%)

BGY1

$0.383400

$0.055820 (15%)

$0 (0%)

$0.067990 (18%)

$0.259590 (67%)

BME1

$2.358900

$0.109054 (5%)

$0 (0%)

$1.784834 (75%)

$0.465012 (20%)

BOE1

$0.744300

$0.119199 (16%)

$0 (0%)

$0.557042 (75%)

$0.068059 (9%)

BUI

$1.224000

$0.199012 (16%)

$0 (0%)

$1.024988 (84%)

$0 (0%)

CII

$1.269000

$0 (0%)

$0 (0%)

$1.269000 (100%)

$0 (0%)

BST

$2.250000

$0 (0%)

$0 (0%)

$2.250000 (100%)

$0 (0%)

BCAT1

$2.526560

$0.251358 (10%)

$0 (0%)

$0 (0%)

$2.275202 (90%)

ECAT1

$2.692000

$0.161808 (6%)

$0 (0%)

$0 (0%)

$2.530192 (94%)

1The Fund estimates that it has distributed more than its income and net-realized capital gains in the current fiscal year; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the shareholder’s investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with ‘yield’ or ‘income’. When distributions exceed total return performance, the difference will reduce the Fund’s net asset value per share.

The amounts and sources of distributions reported are only estimates and are being provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Fund Performance and Distribution Rate Information:

Fund

Average annual total return (in relation to NAV) for the 5-year period ending on 08/31/2025

Annualized current distribution rate expressed as a percentage of NAV as of 08/31/2025

Cumulative total return (in relation to NAV) for the fiscal year through 08/31/2025

Cumulative fiscal year distributions as a percentage of NAV as of 08/31/2025

BCX

14.00%

7.78%

19.07%

5.19%

BDJ

12.24%

7.76%

12.26%

5.17%

BGR

19.72%

8.19%

9.74%

5.46%

BGY

7.60%

8.35%

9.93%

5.57%

BME

4.78%

7.88%

2.40%

5.25%

BOE

9.76%

7.95%

9.94%

5.30%

BUI

9.88%

6.48%

16.33%

4.32%

CII

13.89%

7.28%

14.64%

4.85%

BST

7.65%

7.22%

10.72%

4.81%

BCAT*

6.20%

21.00%

8.85%

14.63%

ECAT*

7.62%

21.16%

7.57%

14.74%

* Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 8/31/2025.

Shareholders should not draw any conclusions about a Fund’s investment performance from the amount of the Fund’s current distributions or from the terms of the Fund’s Plan.

BlackRock Income Trust, Inc. (NYSE: BKT), BlackRock Debt Strategies Fund, Inc. (NYSE: DSU), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA), BlackRock Taxable Municipal Bond Trust (NYSE: BBN), BlackRock Floating Rate Income Trust (NYSE: BGT), BlackRock Corporate High Yield Fund, Inc. (NYSE: HYT), BlackRock Credit Allocation Income Trust (NYSE: BTZ), BlackRock Limited Duration Income Trust (NYSE: BLW), BlackRock Core Bond Trust (NYSE: BHK), and BlackRock Multi-Sector Income Trust (NYSE: BIT), and have adopted a Plan to support a level monthly distribution of income, capital gains and/or return of capital. The fixed amounts distributed per share are subject to change at the discretion of each Fund’s Board of Directors/Trustees. Under its Plan, each Fund will distribute all available net income to its shareholders, consistent with its investment objectives and as required by the Code. If sufficient income (inclusive of net investment income and short-term capital gains) is not available on a monthly basis, a Fund will distribute long-term capital gains and/or return capital to its stockholders in order to maintain a level distribution. Each of the above-listed Funds is currently not relying on any exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the “1940 Act”). Each Fund expects that distributions under the Plan will exceed current income and capital gains and therefore will likely include a return of capital. Each Fund may make additional distributions from time to time, including additional capital gain distributions at the end of the taxable year, if required to meet requirements imposed by the Code and/or the 1940 Act.

Each Fund’s estimated sources of the distributions paid as of September 30, 2025 and for its current fiscal year are as follows:

Estimated Allocations as of September 30, 2025

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

BKT2

$0.088200

$0.036568 (41%)

$0 (0%)

$0 (0%)

$0.051632 (59%)

DSU2

$0.098730

$0.057441 (58%)

$0 (0%)

$0 (0%)

$0.041289 (42%)

FRA2

$0.123840

$0.068833 (56%)

$0 (0%)

$0 (0%)

$0.055007 (44%)

BBN2

$0.098600

$0.077721 (79%)

$0 (0%)

$0 (0%)

$0.020879 (21%)

BGT2

$0.120280

$0.066262 (55%)

$0 (0%)

$0 (0%)

$0.054018 (45%)

HYT2

$0.077900

$0.055875 (72%)

$0 (0%)

$0 (0%)

$0.022025 (28%)

BTZ2

$0.083900

$0.058341 (70%)

$0 (0%)

$0 (0%)

$0.025559 (30%)

BLW2

$0.113200

$0.080727 (71%)

$0 (0%)

$0 (0%)

$0.032473 (29%)

BHK2

$0.074600

$0.042269 (57%)

$0 (0%)

$0 (0%)

$0.032331 (43%)

BIT2

$0.123700

$0.053162 (43%)

$0 (0%)

$0 (0%)

$0.070538 (57%)

Estimated Allocations for the Fiscal Year through September 30, 2025

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

BKT2

$0.793800

$0.329641 (42%)

$0 (0%)

$0 (0%)

$0.464159 (58%)

DSU2

$0.888570

$0.516140 (58%)

$0 (0%)

$0 (0%)

$0.372430 (42%)

FRA2

$1.114560

$0.700188 (63%)

$0 (0%)

$0 (0%)

$0.414372 (37%)

BBN2

$0.847500

$0.736267 (87%)

$0 (0%)

$0 (0%)

$0.111233 (13%)

BGT2

$1.082520

$0.607653 (56%)

$0 (0%)

$0 (0%)

$0.474867 (44%)

HYT2

$0.701100

$0.514938 (73%)

$0 (0%)

$0 (0%)

$0.186162 (27%)

BTZ2

$0.755100

$0.539567 (71%)

$0 (0%)

$0 (0%)

$0.215533 (29%)

BLW2

$1.018800

$0.758740 (74%)

$0 (0%)

$0 (0%)

$0.260060 (26%)

BHK2

$0.671400

$0.341230 (51%)

$0 (0%)

$0 (0%)

$0.330170 (49%)

BIT2

$1.113300

$0.504189 (45%)

$0 (0%)

$0 (0%)

$0.609111 (55%)

2The Fund estimates that it has distributed more than its income and net-realized capital gains in the current fiscal year; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the shareholder’s investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with ‘yield’ or ‘income’. When distributions exceed total return performance, the difference will reduce the Fund’s net asset value per share.

The amounts and sources of distributions reported are only estimates and are being provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Fund will send its stockholders a Form 1099-DIV for the calendar year that will illustrate how to report these distributions for federal income tax purposes.

Fund Performance and Distribution Rate Information:

Fund

Average annual total return (in relation to NAV) for the 5-year period ending on 08/31/2025

Annualized current distribution rate expressed as a percentage of NAV as of 08/31/2025

Cumulative total return (in relation to NAV) for the fiscal year through 08/31/2025

Cumulative fiscal year distributions as a percentage of NAV as of 08/31/2025

BKT

(1.22%)

8.92%

6.61%

5.95%

DSU

7.67%

11.51%

4.41%

7.68%

FRA

7.71%

12.03%

3.54%

8.02%

BBN

(0.86%)

6.89%

4.83%

4.36%

BGT

7.87%

11.95%

3.93%

7.97%

HYT

6.12%

9.61%

7.34%

6.40%

BTZ

2.85%

8.83%

7.59%

5.89%

BLW

5.65%

9.70%

6.38%

6.47%

BHK

(1.99%)

8.95%

3.00%

5.97%

BIT

5.52%

10.31%

6.34%

6.87%

No conclusions should be drawn about a Fund’s investment performance from the amount of the Fund’s distributions or from the terms of the Fund’s Plan.

The amount distributed per share under a Plan is subject to change at the discretion of the applicable Fund’s Board. Each Plan will be subject to ongoing review by the Board to determine whether the Plan should be continued, modified or terminated. The Board may amend the terms of a Plan or suspend or terminate a Plan at any time without prior notice to the Fund’s shareholders if it deems such actions to be in the best interest of the Fund or its shareholders. The amendment or termination of a Plan could have an adverse effect on the market price of the Fund's shares.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate.

Availability of Fund Updates

BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release.

Forward-Looking Statements

This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund’s or BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.

BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

With respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Funds or in a Fund’s net asset value; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.

Annual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission (“SEC”) are accessible on the SEC's website at www.sec.gov and on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Funds. The information contained on BlackRock’s website is not a part of this press release.

CHICAGO--(BUSINESS WIRE)--Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) announced today that it will release third quarter 2025 financial results on Thursday, November 6, 2025, before the stock market opens, followed by a conference call at 9:00 a.m. CT.

Participants are encouraged to listen to a simultaneous webcast of the conference call, accessible through the Company’s website at investors.hyatt.com. An archive of the webcast will be available on the Company’s website for 90 days.

Alternatively, participants may access the live call by dialing:

U.S. Toll-Free Number: 800.715.9871

International Toll Number: 646.307.1963

Conference ID: 2303828

Participants should dial into the call at least fifteen minutes prior to the scheduled start time. For those unable to listen to the live broadcast, a replay of the call will be available for one week beginning on Thursday, November 6, 2025, at 12:00 p.m. CT by dialing:

U.S. Toll-Free Number: 800.770.2030

International Toll Number: 609.800.9909

Conference ID: 2303828

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of June 30, 2025, the Company's portfolio included more than 1,450 hotels and all-inclusive properties in 79 countries across six continents. The Company's offering includes brands in the Luxury Portfolio, including Park Hyatt®, Alila®, Miraval®, Impression by Secrets, and The Unbound Collection by Hyatt®; the Lifestyle Portfolio, including Andaz®, Thompson Hotels®, The Standard®, Dream® Hotels, The StandardX, Breathless Resorts & Spas®, JdV by Hyatt®, Bunkhouse® Hotels, and Me and All Hotels; the Inclusive Collection, including Zoëtry® Wellness & Spa Resorts, Hyatt Ziva®, Hyatt Zilara®, Secrets® Resorts & Spas, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Sunscape® Resorts & Spas, Alua Hotels & Resorts®, and Bahia Principe Hotels & Resorts; the Classics Portfolio, including Grand Hyatt®, Hyatt Regency®, Destination by Hyatt®, Hyatt Centric®, Hyatt Vacation Club®, and Hyatt®; and the Essentials Portfolio, including Caption by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Studios, Hyatt Select, and UrCove. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith, Unlimited Vacation Club®, Amstar® DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.

HHC-FIN

October 01, 2025 18:00 ET

 | Source:

First American Uranium Inc.

- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES -

Vancouver, British Columbia, Oct. 01, 2025 (GLOBE NEWSWIRE) -- First American Uranium Inc. (CSE: URM) (FSE: IOR) (OTCPK: FAUMF) (the “Company”) is pleased to announce, further to its news releases of August 14, August 29 and September 19, 2025, that the Company has closed the third and final tranche of the previously announced non-brokered private placement (the “Offering”) of common shares in the capital of the Company (the “Shares”) by the issuance of 4,761,792 Shares at $0.30 per Share for gross proceeds of $1,428,537.60 (the “Third Tranche”).  The Company has raised a total of $2,403,537.70 under the Offering, exceeding the proposed amount previously announced.

In connection with the Third Tranche, the Company paid finder’s fees to eligible finders consisting of $69,925.63 in cash and 233,085 common share purchase warrants (the “Finder’s Warrants”).  Each Finder’s Warrant is exercisable to acquire one Share at an exercise price of $0.30 per Share for a period of 24 months from the date of issuance.

All securities issued in connection with the First Tranche are subject to a statutory hold period of four months plus a day ending on February 2, 2026, in accordance with applicable securities legislation and policies of the Canadian Securities Exchange (“CSE”).

The Company intends to use the net proceeds from the Offering to fund exploration work programs, mineral property acquisitions, marketing and for general working capital purposes.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.  The securities being offered have not been, nor will they be, registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.

About First American Uranium Inc.

First American Uranium Inc. is engaged in the business of mineral exploration and the acquisition of mineral property assets in North America. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration programs on the Silver Lake property. The Silver Lake property is situated around Goosly Lake and approximately 30 km southeast of the town of Houston, in the Omineca Mining Division, British Columbia.

ON BEHALF OF THE BOARD

“Murray Nye”
Murray Nye, Chief Executive Officer

For further information, please contact: Telephone: (604) 961-0296

The CSE does not accept responsibility for the adequacy or accuracy of this release.

This news release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to the completion of the Offering on the terms described herein or at all, and the use of proceeds and available funds following the completion of the Offering and are subject to all of the risks and uncertainties normally incident to such events.  Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements.  Such forward-looking statements represent management's best judgment based on information currently available.  No securities regulatory authority has either approved or disapproved of the contents of this news release.  The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

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.

General Motors (GM - Free Report)  stock has often caught the attention of value investors, trading at relatively suppressed levels despite its robust financial metrics.

What has held GM shares back, you might ask, is the perception that the historic automaker won’t be able to sustain its dominance in an increasingly competitive and innovative market.

However, GM has continued to invest in electric vehicles (EVs) and autonomous driving through its subsidiary Cruise, which is lifting sentiment in regard to its long-term growth potential.

In fact, many analysts have become bullish on GM, reflecting growing confidence in the auto giant’s strategy and financial performance.

GM’s Record EV SalesAdding to the notion that GM may be one of the best automakers to invest in at the moment and can sustain its dominance is that it’s currently the second-leading EV seller in the U.S., behind Tesla (TSLA - Free Report) .

Edging Ford (F - Free Report)  and solidifying its #2 spot, GM reported today that it sold 66,501 EVs in the U.S. during Q3, more than doubling its EV sales from the prior year quarter and marking its highest quarterly EV sales ever.

Year to date, GM’s EV sales have surged 105% from 2024 to over 144,000 units sold. This has been led by its Equinox EV, with over 25,000 units sold, making it the best-selling non-Tesla EV in the U.S.

Furthermore, GM’s luxury Cadillac EVs have also been in high demand, with it noteworthy that the eye-catching surge during Q3 was partly driven by a rush to purchase EVs before the expiration of the $7,500 federal tax credit for EV owners on September 30. Notably, GM stated total U.S. vehicle sales were up 8% from Q3 2024.

Tracking GM’s OutlookFollowing a multi-year peak for annual sales, GM’s top line is expected to contract 4% in fiscal 2025 and is projected to dip another 2% in FY26 to $175.47 billion.

On the bottom line, GM’s EPS is expected to descend from multi-year highs of $10.60 in FY24 to $9.44 per share this year. That said, FY26 EPS is projected to stabilize and rebound 2% to $9.66

Image Source: Zacks Investment Research

GM’s Cheap ValuationAt around $61 a share, GM stock trades at just 6X forward earnings. This offers a distinct discount to its Zacks Automotive-Domestic Industry average of 13X and even Ford’s 10X forward earnings multiple, with Tesla at a very stretched 267X.

In terms of price-to-sales, GM trades at only 0.3X, which is roughly on par with Ford and slightly beneath the industry average of 0.7X, with Tesla at a high premium of 15X.

Image Source: Zacks Investment Research

Analyst UpgradesDespite the anticipated contraction to its top and bottom lines, analysts have become bullish on GM stock, with the company now forecasting a smaller decline in vehicle pricing in the U.S. of 1%-1.5% compared to previous forecasts of 2%-2.5%.

Quieting concerns of marketing costs and lower-margin EV production, analysts at JPMorgan (JPM - Free Report)  recently raised their price target for GM shares to $80 from a previous tag of $60, maintaining an overweight rating on future performance.

More intriguing, a slew of other notable firms have raised their targets for GM stock to over $70 as well, including analysts at Barclays (BCS - Free Report) , Citigroup (C - Free Report) , Goldman Sachs (GS - Free Report) , and UBS (UBS - Free Report) .

Rising +5% over the last month, and now up a very respectable +15% YTD, GM stock has blown past its current Average Zacks Price Target of $59.19 a share.

Image Source: Zacks Investment Research

Bottom LineAs far as valuation is concerned, GM is certainly making the case for being the best domestic automaker to invest in, even ahead of Ford. And while market sentiment may still favor Tesla’s long-term growth potential, GM is the domestic leader in total auto sales and has become more attractive after resolidifying its #2 spot in EV sales.  

October 01, 2025 6:21 PM EDT | Source: Kingman Minerals Ltd.
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Kingman Minerals Ltd. (TSXV: KGS) (OTCQB: KGSSF) (FSE: 47A) ("Kingman" or the "Company") is pleased to announce an upsizing of its previously announced non-brokered follow-on private placement (cf. NR dated September 9, 2025), due to continued and strong investor demand. Total gross proceeds of the offering are now expected to be up to C$1,500,000, increased from the initially planned C$500,000.

The Company will issue up to 21,428,571 units at a price of C$0.07 per unit. Each unit will consist of one common share in the capital of the Company and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of C$0.09 per share, for a period of 24 months from the closing date.

Use of Proceeds

The net proceeds of the offering will be used to fund continued exploration and development activities at the Company's Mohave Project, including diamond drilling, geophysics, geochemical sampling, and permitting, as well as for general working capital. The Mohave Project includes the historic high-grade Rosebud Mine in Mohave County, Arizona, where bonanza-grade underground sampling of up to 688 g/t gold and 468 g/t silver has been previously reported.

Finders' Fees

The Company may pay finders' fees equal to 6.0% of the gross proceeds and issue finders' warrants equal to 6.0% of the number of units sold. Each finders' warrant will entitle the holder to purchase one common share of the Company at a price of C$0.09 for a period of 24 months from the date of closing.

Closing Conditions

The closing of the offering is subject to all necessary regulatory approvals, including approval of the TSX Venture Exchange. All securities issued under the offering will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws.

Related Party Participation

It is anticipated that certain insiders of the Company may acquire units under the offering. Any such participation will be considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. The Company will rely on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a), on the basis that the fair market value of the participation by insiders will not exceed 25% of the Company's market capitalization.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

ABOUT

Kingman Minerals Ltd. (TSXV: KGS) is a publicly traded exploration and development company focused on precious metals in North America. The Company's flagship project is the 100%-owned historic Rosebud Mine, located in the Music Mountains, Mohave County, Arizona. High-grade gold and silver veins were discovered in the area in the 1880s and were mined mainly in the late 1920s and 1930s. Underground development on the Rosebud property included a 400-foot shaft and approximately 2,500 feet of drifts, raises and crosscuts. The Company believes that further exploration drilling and sampling along strike and depth extensions of existing and additional vein structures is essential to fully evaluate the project's potential.

Neither the 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 contains "forward-looking information" within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to statements with respect to: the terms of the Private Placement; the anticipated use of proceeds; the completion of the Private Placement; and the approval of the TSX Venture Exchange.

All statements, other than statements of historical fact, included herein, constitutes forward-looking information. Although Kingman believes that the expectations reflected in such forward-looking information and/or information are reasonable, undue reliance should not be placed on forward-looking information since Kingman can give no assurance that such expectations will prove to be correct. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties and other factors identified in Kingman's periodic filings with Canadian securities regulators. Forward-looking information are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking information. Important factors that could cause actual results to differ materially from Kingman's expectations include risks related to the completion of the Private Placement, including TSXV approval; risks associated with the business of Kingman; risks related to reliance on technical information provided by Kingman; risks related to exploration and potential development of the Company's mineral properties; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and First Nation groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time and additional risks identified in Kingman's filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268817

Nuvalent, Inc. (NASDAQ:NUVL) UBS Virtual Oncology Day October 1, 2025 3:30 PM EDT

Company Participants

James Porter - CEO, President & Director
Alexandra Balcom - CFO & Treasurer

Conference Call Participants

Xiaochuan Dai - UBS Investment Bank, Research Division

Presentation

Operator

Welcome to the UBS Virtual Event. David Dai, you may begin.

Xiaochuan Dai
UBS Investment Bank, Research Division

So thank you, operator. Hi, everyone. I'm David Dai, I'm one of the biotech analysts here at UBS. Thanks for joining our inaugural Virtual Oncology Day today. We continue our session with the Nuvalent. It's our great pleasure to welcome Jim Porter, Chief Executive Officer; and Alex Balcom, Chief Financial Officer. Alex and Jim, thank you for joining us.

James Porter
CEO, President & Director

Thanks, David. It's a real pleasure to be with you and sincere thanks for the opportunity to participate in the conference.

Question-and-Answer Session

Xiaochuan Dai
UBS Investment Bank, Research Division

Excellent. Great. So Jim, maybe you can just help us understand the Nuvalent at a high level for anyone who is new to the story, can you give us just a quick introduction of what Nuvalent is and some of the key programs in development?

James Porter
CEO, President & Director

Sure. So Nuvalent, a company is about 7 years old. We're founded with a deep expertise in chemistry and structure-based drug design. And we like to apply that chemistry to discover, develop and deliver a portfolio of precisely target therapies for patients with cancer. So at the foundation of the company is that core chemistry expertise. We focus on validated biology. And the rationale there is clear is that we can accelerate the discovery phase and the development phase by focus on validated targets, running small focused studies to understand whether your drugs work or not. And to make an impact here, we went and partner with

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In brief
The IRS and Treasury Department issued new guidance.
Strategy no longer expects to become subject to CAMT.
Shares rose 4.6% to $337 on Wednesday as Bitcoin jumped.
Strategy, the world’s largest corporate holder of Bitcoin, is no longer anticipating a multi-billion tax liability from an increase in the value of its $75 billion stockpile, following a clarification from the IRS and Treasury Department on Tuesday.

In a 71-page document, the regulators said that firms are not required to incorporate unrealized gains or losses on the value of digital assets into calculations on whether they are subject to a 15% corporate alternative minimum tax (CAMT) that was established in 2022.

In an SEC filing, Strategy said that it plans to follow the guidance and, as a result, it “no longer expects to become subject to CAMT due to unrealized gains on its Bitcoin holdings” in 2026 and beyond. In June, Strategy told investors that it expected to pay CAMT liabilities.

“Thanks to yesterday’s action on behalf of the IRS, that potential scenario is no longer off the table,” TD Cowen analyst Lance Vitzanza wrote in a Wednesday note, adding that the action removed “a significant source of potential overhang for Strategy.”

Strategy shares rose 5% to $338 on Wednesday, according to Yahoo Finance. Over the past six months, the company’s stock has advanced 10% from $293 in April.

Vitanza noted that Strategy may have been forced to navigate a cash tax liability that could’ve potentially been billions of dollars starting next year, “likely continuing to the extent Bitcoin continues to appreciate in dollar terms,” he added.

Strategy’s performance coincided with a rise in Bitcoin’s price, as investors mulled a government shutdown in the U.S. Over the past day, its price had risen 3% to $117,500, according to crypto data provider CoinGecko, while jumping 42% from $85,000 in April.

Earlier this week, Strategy notched its third smallest Bitcoin purchase of the year, while pocketing $100 million from its latest raise, as dividend payments on preferred shares approached.

Strategy, which hasn’t sold a single Bitcoin since it began stockpiling the asset in 2020, is sitting on a massive unrealized gain when it comes to its Bitcoin holdings. So far, it’s spent $47.4 billion on Bitcoin, leaving a current unrealized gain of close to $28 billion.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Hedera price drifted upward on Wednesday, Oct. 1, as the crypto market rebounded and as traders waited for the upcoming crypto ETF season.

Summary

Hedera price has moved to the second phase of the Elliot Wave pattern.
It also formed a double-bottom pattern on the daily chart.
The coin will likely bounce back ahead of the spot  HBAR ETF approval.

Hedera (HBAR) token rose slightly to $0.2200 from the September low of $0.2050. It remains 27% below the highest level this year.

Hedera price technical analysis signals to a rebound 
The daily timeframe chart shows that the HBAR price formed a double-bottom pattern at $0.2050, its lowest level on Sept. 5 and 26. This pattern had a neckline at $0.2552.

Most importantly, the coin has formed a falling wedge pattern, which often leads to a strong bullish breakout. The lowest point of this wedge is between the 50% and 61.8% Fibonacci retracement levels. This wedge is also part of the second phase of the Elliott Wave pattern. The first wave happened between June 24 and July 26, when the token jumped by 140%.

Therefore, the coin will likely move to the third phase, which is usually the longest and the most bullish.

The first target will be the year-to-date high of $0.3065, which is about 40% above the current level. A move above that level will point to more upside, potentially to last November’s highest point at $0.4000.

The bullish HBAR price forecast will become invalid if the coin drops below the double-bottom point at $0.2050.

HBAR price chart | Source: crypto.news

HBAR to benefit from the crypto ETF season 
Eric Balchunas, the senior ETF analyst at Bloomberg, believes that the crypto ETF season is starting as the Securities and Exchange Commission prepares to approve or deny more than 70 applications.

The agency has already provided listing standards for these ETFs, raising the possibility that many of them will be approved soon.

Hedera is one of the cryptocurrencies that will benefit from the ETF season, as the SEC has been reviewing the Grayscale Hedera ETF since 2024, and the final deadline will be in November.

Chances are that the approval will happen earlier than that, especially if it approves other ETFs whose deadline is coming up soon. HBAR will likely continue rising ahead of the ETF approval as investors anticipate more demand from American investors.

VisionSys has detailed a $2B reserve in SOL with Marinade overseeing staking, beginning with $500M over six months; the company has framed its solana allocation as a treasury move intended to bolster liquidity and longer-term value for shareholders.

HBAR printed a humongous 15-minute green candle as Hedera’s whales just came back to gulp the dip up.

Published:
October 1, 2025 │ 7:25 PM GMT

Hedera Hashgraph (HBAR) holders saw an immediate spike today, resulting in one 15-minute green candle bringing the altcoin to nearly $0.22. Presently, the popular Distributed Ledger Technology (DLT) altcoin is bracing itself for a run towards $0.30 if the crypto whale support doesn’t fade quickly.

With the Chaikin Money Flow (CMF) back on track towards the bullish side, flashing 0.08 on the 4-hour charts means buying sentiment has returned. The $0.22 confluent resistance level is still a game-changer for HBAR, as a daily close above would allow the push towards $0.30 monthly heights to happen.

10M+ HBAR Whales Get Active On Wednesday’s BounceThe accumulation of crypto whales on Hedera Network (HBAR) has been prevalent this year, but one particular group of large investors carries on showing the utmost belief in the altcoin.

Sponsored

Most certainly, accounts holding over 10 million HBAR tokens have led whale account growth trends, according to Hedera Watch. This aligns well with the 0.10 figures on Chaikin Money Flow (CMF) confirming renewed whale interest.

Luckily, the popular altcoin’s price managed to break through the Exponential Moving Average (EMA) trend-line, but the short-term price pop or flop still majorly depends on sustainable trading volumes & further adoption. As previously reported by DailyCoin, SWIFT is working with Hedera Hashgraph on testing the DLT technology on SWIFT’s messaging system.

Further on, The United States Securities and Exchange Commission (SEC) is set to give an answer on both Hedera-based exchange-traded funds (ETFs) by early November, 2025. Now, ETF analysts are painting a bright picture for HBAR ETF approval, as the generic crypto ETF listing standard was approved last week, raising the odds of a victorious outcome to 95%.

Stay in the loop with DailyCoin’s top crypto news:
Stripe Seeks U.S. Banking Charter, Introduces Stablecoin Issuance Tools
Is Ethereum’s Price Walking The Ladder To $10,000 ETH?

People Also Ask:What’s the big green candle for HBAR?

HBAR just printed a massive green candle, signaling a price surge—up 5.5% today—kicking off Uptober 2025 with a bang!

Why are Hedera whales accumulating?

Big players (whales) are stacking HBAR, likely betting on its tech upgrades and Uptober’s bullish trend, driving the price jump.

How does this affect HBAR’s price?

Whale buying boosts demand, pushing HBAR from ~$0.206 to ~$0.222 today, with more gains possible if momentum holds.

What’s Uptober got to do with it?

October often brings tremendous crypto rallies (aka Uptober), and HBAR’s whale move aligns with this seasonal hype.

Should I buy HBAR now?

It’s tempting with the surge, but crypto’s risky—research Hedera’s tech and only invest what you can lose!

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.

The Ethereum derivatives market has seen a notable surge in whale activity as prices post massive increases. 

On Wednesday, October 1, an unknown wallet transferred a massive 198,289 ETH ($852.4 million_ to crypto futures and options exchange Deribit, according to data from on-chain tracking platform Whale Alert.

The large Ethereum transfer, which occurred in a single transaction, has raised eyebrows as it came at a time when the crypto market experienced a broad resurgence in the prices of leading cryptocurrencies, including Ethereum. The surge in activity spans across the Ethereum derivatives market, with whales making big moves.

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Although the nature of the transaction was not specifically stated, market watchers have perceived the move to be bearish for Ethereum, suggesting that the whale might be preparing to sell.

What are Ethereum whales up to?While subsequent Ethereum transfers involving major ETH withdrawals to the same exchange were spotted a few minutes after the initial deposit, the move has already stirred discussions across the crypto community.

Many commentators have speculated that the move might be an institutional attempt to reposition holdings or a hedging strategy. Others believe the whale could be preparing for a large-scale selloff.

Meanwhile, with Deribit being a renowned cryptocurrency options and futures exchange, the move suggests that the large Ethereum holder may have committed its funds to derivatives contracts in a bid to manage risk exposure.

Although Ethereum is currently trading on the bullish side, the sudden inflow of nearly $1 billion worth of ETH could mean that whales are gearing up for heightened volatility amid the market rebound.

Just one day into the “Uptober” season, Ethereum has already seen its price surge by over 5%, sitting at around $4,329 as of press time.

Source: CoinMarketCapNotably, the regulatory clarity currently facing the crypto market has continued to attract institutional interest in the space. Hence, investors have shown little concern over the high-volume ETH deposits, anticipating higher price surges for Ethereum in the new month.

Ethereum (ETH) is showing signs of recovery after a recent consolidation phase, trading above $4,160 as bulls attempt to overcome key resistance levels. After stabilizing above $4,100, the cryptocurrency has staged a gradual recovery, with traders closely monitoring resistance zones near $4,200 and $4,240 for signs of a sustained rally.

Competition among stablecoins looks like its about to heat up with several new US dollar-pegged tokens coming down the pike.

With a treasury of 3,650 Bitcoin, OranjeBTC is leveraging heavyweight backing from the Winklevoss twins and others to launch onto Brazil’s B3. The move creates a regulated gateway for local investors seeking exposure to the original crypto’s volatile market.

Summary

OranjeBTC, backed by the Winklevoss twins, will list on Brazil’s B3 via a reverse merger with Intergraus.
The firm enters the exchange with 3,650 BTC, offering investors regulated exposure to bitcoin.
Founder Guilherme Gomes says the move aims to expand reserves while opening access to crypto in Brazil.

On Oct. 1, Reuters reported that Brazilian bitcoin firm OranjeBTC will begin trading on São Paulo’s B3 exchange next week through a reverse merger with Intergraus, an education company already listed on the market.

OranjeBTC founder Guilherme Gomes confirmed the company’s massive Bitcoin (BTC) holdings, valued at over $420 million, and its backing from a cadre of international crypto elites, including Gemini co-founders Cameron and Tyler Winklevoss, Bitcoin pioneer Adam Back, and Mexican billionaire Ricardo Salinas.

Why OranjeBTC is betting everything on Bitcoin
The company’s entire thesis, as articulated by founder Guilherme Gomes to Reuters, rests on a foundational belief that “Bitcoin will change financial systems as we know it,” positioning the firm as a pure-play conduit for this transformation.

Notably, Gomes framed the move onto B3 as a way to give Brazilian investors access to Bitcoin in a regulated environment while steadily expanding the firm’s reserves. Certain investors, barred by regulation from holding the asset directly, can still gain exposure through a listed company like OranjeBTC.

Beyond simply accumulating bitcoin, the company is launching a parallel offensive on the education front. OranjeBTC plans to leverage the existing infrastructure of Intergraus, the listed education subsidiary it acquired, to roll out a dedicated financial learning platform.

With this move, OranjeBTC is stepping onto a global stage dominated by a handful of aggressive corporate adopters. Its 3,650 BTC reserve positions the firm within a strategic niche, operating at a scale that, while dwarfed by pioneers like Strategy and its colossal 640,031 BTC hoard, aligns it with the upper echelons the global top 30 of public corporate holders, ahead of well-known names such as Hive Digital and Bitdeer.

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XRP’s price action in the final days of September was turbulent, with the cryptocurrency slipping below the $2.80 zone in a market-wide pullback. Despite the sharp drop, XRP managed to defend a key support level near $2.72, bouncing from that mark on September 26. This recovery, though modest, has led to new analysis suggesting that as long as this support holds, XRP could be positioned to lead the next rally in the market.

$2.72 Support Is The Line In The Sand
Technical analysis of XRP’s weekly candlestick timeframe chart shows that the cryptocurrency’s outlook is now bullish after holding up above an important level. This analysis, which was shared on the social media platform X, predicted that as long as this support holds, XRP could be positioned to lead the next rally for the entire crypto market.

The analyst noted the importance of the $2.72 level as an important support level that XRP has held up. This is in relation to how the XRP price broke below $2.8 last week. After crashing below $2.8, XRP managed to hold above $2.72, rebounding on it on September 26. Now, this move is what made XRP to be bullish. 

Source: Chart from Guyon on X
According to the analyst, the successful defense of this support, followed by a close back above $2.80, has created the conditions for a slight bullish divergence. The weekly chart supports this view, showing that XRP has consistently rebounded on higher lows while maintaining a broader ascending structure. Holding $2.72 prevents a breakdown of this pattern and keeps the longer-term uptrend intact.

XRP’s Strength Against The Market
Even in the face of the recent correction, the analysis pointed out that XRP is one of the stronger performers in the market. The chart comparison with XRP dominance (XRP.D) indicates that the token may have already bottomed in relative terms.

 According to the analyst, the XRP dominance bottoming means that the crypto can only start going up from here. This dominance means that XRP could play a leadership role if the broader crypto market begins to trend higher again.

Although the bullish case is worth noting, the analyst also warned against complacency among bullish traders. The start of a new week and month often brings volatility, and October could also start with some sort of volatility. 

As such, the XRP price could still experience a flush lower before any meaningful rally takes hold. However, this capitulation moment could be the final shakeout before XRP begins a stronger leg upward. 

The $2.72 support has become the line that separates the continuation of XRP’s bullish structure. As long as that level holds, the cryptocurrency’s outlook is bullish. At the time of writing, XRP is trading at $2.85, meaning that it has effectively registered a bullish close above $2.8.

XRP trading at $2.94 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com

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Bitcoin rally looms with projections hinting at $200,000 surge Assad Jafri · 52 seconds ago · 1 min read

CryptoQuant reported surging Bitcoin demand and whale accumulation suggest potential rally to $200,000 by year-end.

Oct. 1, 2025 at 10:00 pm UTC

1 min read

Updated: Oct. 1, 2025 at 9:58 pm UTC

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Bitcoin may be positioned for a steep rally in the final quarter of 2025, with prices potentially climbing as high as $200,000 if demand momentum continues, according to onchain analytics firm CryptoQuant.

The firm stated that spot demand has been rising sharply since midsummer, averaging more than 62,000 BTC in net inflows per month.

It added that this level of buying pressure has historically preceded fourth-quarter surges in prior cycles, including in 2020, 2021, and 2024.

Signs of strengthCryptoQuant reported that whales, the industry’s term for large Bitcoin holders, are accumulating coins at an annualized pace of 331,000 BTC, up from 255,000 in the same period last year.

Meanwhile, U.S.-listed bitcoin exchange-traded funds, which purchased more than 200,000 BTC in the fourth quarter of 2024, could post a similar intake this year, the firm added.

The market has also broken above the “realized price” for traders at roughly $116,000.

With Bitcoin trading near $117,300 as of press time, the firm argued that a breach signals a return to the bull phase of the cycle, opening the door to a $160,000 to $200,000 range this quarter.

Heightening optimismCryptoQuant’s internal “bull score index” ended September at levels typically seen before major rallies, supported by expanding stablecoin liquidity and reduced unrealized profits among traders, factors that indicate lower selling pressure.

Other forecasters are similarly bullish, with major firms like Standard Chartered, 21Shares and Bitwise each suggesting Bitcoin could touch $200,000 before year-end.

Looking further ahead, Standard Chartered projects that Bitcoin could approach $500,000 by 2028 as broader access and lower volatility reinforce its role in global markets.

Bitcoin Market DataAt the time of press 9:58 pm UTC on Oct. 1, 2025, Bitcoin is ranked #1 by market cap and the price is up 2.69% over the past 24 hours. Bitcoin has a market capitalization of $2.34 trillion with a 24-hour trading volume of $70.26 billion. Learn more about Bitcoin ›

Crypto Market SummaryAt the time of press 9:58 pm UTC on Oct. 1, 2025, the total crypto market is valued at at $4.03 trillion with a 24-hour volume of $193.47 billion. Bitcoin dominance is currently at 58.19%. Learn more about the crypto market ›

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