Market Signal Briefing

Year-to-date net income exceeds the 2024 result for the same period by $3.3 million. See associated, unaudited summary consolidated financial data for additional information.

Nvidia CEO Jensen Huang said on Tuesday that the artificial intelligence chip leader will build seven new supercomputers for the Energy Department, and said the company has $500 billion in bookings for its AI chips.

The first company to be worth more than $4 trillion, Nvidia is at the core of the global rollout of AI. It is striking deals around the world while also navigating a US-China trade war that could determine which country’s technology is most used around the world.

Investors are looking for clarity on what chips the tech company will be able to sell to the vast Chinese market, but Huang kicked off a keynote address at the company’s GTC event in the US capital by praising policy by President Trump while announcing new products and deals.

Nvidia CEO Huang kicked off a keynote address at the company’s GTC event in the US capital by praising policy by President Trump while announcing new products and deals. AP
These included network technology that will let Nvidia AI chips work with quantum computers.

The supercomputers Nvidia is building for the Energy Department will in part help the United States maintain and develop its nuclear weapons arsenal.

The supercomputers will also be used to research alternative energy sources such as nuclear fusion.

The largest of the supercomputers for the Department of Energy will be built with Oracle and contain 100,000 of Nvidia’s Blackwell chips.

“Putting the weight of the nation behind pro-energy growth completely changed the game,” Huang said. “If this didn’t happen, we could have been in a bad situation, and I want to thank President Trump for that.”

Nvidia shares were up 3.3% at $197.82 on Tuesday afternoon.

The supercomputers Nvidia is building for the Energy Department will in part help the United States maintain and develop its nuclear weapons arsenal. AFP via Getty Images
Nvidia also announced new details with Finnish telecom equipment maker Nokia to target the AI communications market. 

Nvidia will invest $1 billion for a 2.9% stake in Nokia and it also introduced a new product line called Arc, designed to work with telecommunications equipment.

Huang said Nvidia will work with Nokia to improve the power efficiency of the company’s base stations for 6G, the next generation of wireless data technology.

“We’re going to take this new technology and we’ll be able to upgrade millions of base stations around the world,” Huang said.

Altogether the company has $500 billion in bookings for its Blackwell and Rubin chips over the next five quarters, the CEO said.

Nvidia also announced a partnership with Palantir Technologies, a company that works closely with the US government. However, the focus of Nvidia’s partnership was on Palantir’s commercial business, where Nvidia will help it speed up solving logistics problems for companies such as home improvement retailer Lowe’s. Such corporate work was a longtime stronghold of Intel.

Altogether the company has $500 billion in bookings for its Blackwell and Rubin chips over the next five quarters, the CEO said. AFP via Getty Images
Nvidia announced a new self-driving car technology platform called Hyperion. Huang said that Nvidia is partnering with Uber to create a network of Robotaxis. “This is going to be a new computing platform for us, and I’m expecting it to be quite successful,” Huang said.

“These announcements all show Nvidia’s ability to extend its reach beyond its core data center customers,” said Gil Luria, analyst at D.A. Davidson. “While these projects pale in comparison to the capex by the hyperscalers such as Microsoft, Amazon, Google and Meta, they could create new markets for Nvidia down the line.”

Huang took the stage in a packed conference hall as Trump continued his tour of Asia this week ahead of his expected meeting with Chinese President Xi Jinping on Thursday.

President Trump is expected to meet with Chinese President Xi Jinping on Thursday. AP
The flow of advanced technology between the two nations is likely to be at the center of trade discussions, with access to Nvidia’s chips a key issue.

Nvidia’s annual GTC event is being held for the first time in Washington, DC, a sign that the company is pursuing work with the government and contractors clustered around the capital.

At its last GTC in California in March, Nvidia laid out its chip road map for the next year.

The US government is focused on AI and expanding its computing power. On Monday, Nvidia competitor Advanced Micro Devices unveiled a $1 billion partnership with the Department of Energy to construct two supercomputers that will tackle large scientific problems ranging from nuclear power to cancer treatments to national security.

Former President Joe Biden clamped down on sales of Nvidia’s most advanced chips to China, but Trump has wavered in his policy in his second term, at first restricting exports of Nvidia’s AI chips designed for the China market before reversing course in July.

Nvidia’s annual GTC event was held for the first time in Washington, DC, a sign that the company is pursuing work with the government and contractors clustered around the capital. AFP via Getty Images
Huang has argued that Nvidia needs access to some $50 billion in potential sales from the Chinese market to fund US-based research and development to maintain his company’s edge.

Reuters has previously reported that Chinese developers still want Nvidia’s chips, despite pressure from Beijing to purchase domestic chips from Huawei Technologies Co.

Nvidia outlined how it is making chips in Arizona at TSMC’s facilities, and assembling servers in Texas and networking gear in California. “We are manufacturing in America again — it is incredible. The first thing that President Trump asked me is, ‘bring manufacturing back,'” Huang said.

Key Takeaways Buenaventura Mining will report third-quarter 2025 results on Oct. 30 after market close.Q3 revenues are projected at $363 million, up 9.7%, with EPS estimated to climb 41.4% year over year.Higher gold, silver and copper prices likely offset lower gold and copper sales volumes in the quarter.
Buenaventura Mining (BVN - Free Report) is scheduled to report third-quarter 2025 results on Oct. 30, after market close.

The Zacks Consensus Estimate for Buenaventura Mining’s third-quarter total sales is pegged at $363 million, indicating a 9.7% rise from the year-ago quarter. 

The consensus mark for earnings has moved up 17.1% in the past 60 days and currently stands at 41 cents per share. It indicates 41.4% growth from the prior-year quarter.

Image Source: Zacks Investment Research

Buenaventura Mining’s Earnings Surprise HistoryBVN’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters but missed in one. The company has a trailing four-quarter earnings surprise of 14.63%, on average. The trend is shown in the chart below.

Image Source: Zacks Investment Research

What the Zacks Model Unveils for BVN StockOur proven model does not predict an earnings beat for Buenaventura Mining this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you can see below.

You can uncover the best stocks before they’re reported with our Earnings ESP Filter.

Earnings ESP: Buenaventura Mining has an Earnings ESP of 0.00%.

Zacks Rank: BVN currently sports a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Factors Likely to Have Shaped Buenaventura Mining’s Q3 PerformanceThe company recently released its third-quarter 2025 production and sales figures as well as the average realized metal prices, which provide an insight into how it fared in the quarter.

Gold production from direct operations was 30,894 ounces in the third quarter, down 15% compared with the year-ago quarter. Including Coimolache, the total gold produced was 34,950 ounces, down 12%. BVN sold 32,438 ounces of gold in the third quarter of 2025, which marked a 16% year-over-year decline.  

Buenaventura Mining produced around 4.28 million ounces of silver from total direct operations, reflecting a 1% year-over-year rise. Including Coimolache, silver production was 4.07 million ounces. Buenaventura Mining also produced 4,874 MT of lead, 6,989 MT of zinc and 12,770 MT of copper in the quarter. 

Silver sales volumes were up 6% at 4.12 million ounces, lead sales were up 3% to 4,586 MT, while zinc sales volumes remained flat. Copper sales were at 14,223 MT, 9% lower than the prior year.

The quarter benefited from a favorable pricing environment. The company stated that average realized gold prices surged 43% year over year to $3,594 per ounce.

Silver prices averaged around $40.81 per ounce in the quarter, up 36% year over year. Copper prices were up 6% year over year, while lead and zinc prices were down 9% and 2%, respectively.

Overall, the sharp rise in gold, silver and copper prices, along with the increase in sales volume for silver and lead, is expected to have more than offset the impact of lower gold and copper sales. This is expected to reflect on Buenaventura Mining’s results in the quarter.

BVN Stock’s Price PerformanceShares of Buenaventura Mining have gained 86.7% so far this year compared with the industry’s 104.8% growth.

Image Source: Zacks Investment Research

Stocks Poised to Beat EstimatesAgnico Eagle Mines Limited (AEM - Free Report) , scheduled to release third-quarter earnings on Oct. 29, has an Earnings ESP of +11.44% and a Zacks Rank of 2.

Agnico Eagle Mines’ earnings for the third quarter are pegged at $1.76 per share, indicating a year-over-year jump of 54.4%. Agnico Eagle Mines has a trailing four-quarter average earnings surprise of 10%.

Pan American Silver Corp. (PAAS - Free Report) , slated to release third-quarter 2025 earnings on Nov. 12, has an Earnings ESP of +2.21% and carries a Zacks Rank of 3 at present.

The Zacks Consensus Estimate for Pan American Silver’s earnings for the third quarter is pegged at 51 cents per share. The estimate indicates a 59% increase from the earnings of 32 cents per share reported in the year-ago quarter. Pan American Silver has a trailing four-quarter average earnings surprise of 45.2%.

CSW Industrials, Inc. (CSW - Free Report) , slated to release second-quarter fiscal 2026 earnings on Oct. 30, has an Earnings ESP of +1.10% and a Zacks Rank of 3 at present.

The consensus mark for CSW Industrials’ earnings is pegged at $2.73 per share. It indicates a year-over-year rise of 20.8%. CSW Industrials has a trailing four-quarter average earnings surprise of 5.6%.

Investors in Choice Hotels International, Inc. (CHH - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec. 19, 2025 $140 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for Choice Hotels International shares, but what is the fundamental picture for the company? Currently, Choice Hotels International is a Zacks Rank #3 (Hold) in the Hotels and Motels industry that ranks in the Bottom 25% of our Zacks Industry Rank. Over the last 60 days, one analyst has increased the earnings estimates for the current quarter, while three have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $2.21 per share to $2.19 in that period.

Given the way analysts feel about Choice Hotels International right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

Looking to Trade Options?Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.

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NEW YORK, Oct. 28, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of KBR, Inc. (NYSE: KBR) between May 6, 2025 and June 19, 2025, both dates inclusive (the “Class Period”), of the important November 18, 2025 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased KBR securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the KBR class action, go to https://rosenlegal.com/submit-form/?case_id=42136 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 18, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) despite the knowledge that the U.S. Department of Defense’s Transportation Command (TRANSCOM) had, for months, had material concerns with HomeSafe’s ability to fulfill the Global Household Goods Contract, defendants claimed that the partnership was without issue, and would ramp up in future quarters; and (2) as a result, defendants’ statements about KBR’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the KBR class action, go to https://rosenlegal.com/submit-form/?case_id=42136 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

Key Takeaways Sherwin-Williams posted Q3 earnings of $3.35 per share, up 5.3% year over year.Q3 revenues rose 3.2% to $6.36B, driven by higher Paint Stores segment sales and pricing.SHW now expects 2025 adjusted EPS of $11.25-$11.45 with low single-digit sales growth.
The Sherwin-Williams Company (SHW - Free Report) reported third-quarter 2025 earnings of $3.35 per share, up around 5.3% from $3.18 in the year-ago quarter.

Barring one-time items, adjusted earnings were $3.59 per share, which beat the Zacks Consensus Estimate of $3.46.

Sherwin-Williams posted revenues of $6,358.2 million, up around 3.2% year over year. The figure beat the Zacks Consensus Estimate of $6,210.8 million.

SHW’s Q3 Segmental ReviewThe Paint Stores Group segment registered net sales of $3,836.8 million in the third quarter, up around 5.1% year over year. The figure beat the Zacks Consensus Estimate of $3,724 million. The segment's net sales grew, driven by higher selling prices. Profits also increased from leverage on selling, general and administrative expenses.

Net sales in the Consumer Brands Group segment declined 2.6% year over year to $770.1 million, beating the consensus estimate of $740 million. The segment's net sales decreased due to soft DIY demand in North America and Latin America. However, increased net sales in Europe partially offset the decline.

Net sales in the Performance Coatings Group went up roughly 1.7% year over year to around $1,750 million in the reported quarter, beating the consensus estimate of $1,744 million. The segment's net sales increased, driven by volume growth, incremental sales from acquisitions and favorable foreign currency translation, offset by unfavorable region and business sales mix.

FinancialsDuring the first nine months of 2025, the company generated $2.36 billion in net operating cash and returned $2.13 billion to its shareholders through dividends and stock repurchases of 4.5 million shares. As of Sept. 30, 2025, Sherwin-Williams had the authorization to buy back 30 million shares of its common stock through open market purchases.

Q4 & 2025 Outlook by Sherwin-WilliamsFor the fourth quarter and full-year 2025, the company anticipates net sales to be up by a low to mid-single-digit and by a low-single-digit percentage, respectively. The effective tax rate is expected to be in the low 20% range for 2025. Net income per share is projected to range between $10.16 and $10.36, while adjusted net income per share is forecasted in the band of $11.25 to $11.45 for the full year. The full-year outlook takes into account the Suvinil acquisition, which closed on Oct. 1.

SHW’s Price PerformanceShares of Sherwin-Williams have lost 6.2% in the past year compared with the industry’s 7.4% decline.

Image Source: Zacks Investment Research

SHW’s Zacks Rank & Key PicksSHW currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks worth a look in the basic materials space are Royal Gold, Inc. (RGLD - Free Report) , Avino Silver & Gold Mines Ltd. (ASM - Free Report) and Fortuna Mining Corp. (FSM - Free Report) .

Royal Gold is scheduled to report third-quarter results on Nov. 5. The Zacks Consensus Estimate for RGLD’s third-quarter earnings is pegged at $2.30 per share. RGLD’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average surprise being 8.95%. Royal Gold currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Avino Silver is slated to report third-quarter results on Nov. 6. The Zacks Consensus Estimate for third-quarter earnings is pegged at 3 cents per share. ASM’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average surprise being 141.67%. Avino Silver carries a Zacks Rank #2 (Buy) at present.

Fortuna Mining is scheduled to report third-quarter results on Nov. 5. FSM carries a Zacks Rank #2 at present. Fortuna Mining’s earnings beat the consensus estimate in one of the last four quarters and missed thrice.

Q3: 2025-10-27 Earnings SummaryEPS of $2.63 beats by $0.47

 |

Revenue of

$8.52B

(14.47% Y/Y)

beats by $366.39M

Nucor Corporation (NYSE:NUE) Q3 2025 Earnings Call October 28, 2025 10:00 AM EDT

Company Participants

Chris Jacobi
Leon Topalian - President, CEO & Chairman of the Board
Stephen Laxton - CFO, Treasurer & Executive VP
John Hollatz - Executive Vice President of Fabricated Construction Products
David Sumoski - Chief Operating Officer
Noah Hanners - Executive Vice President of Sheet Products
Randy Spicer - Executive Vice President of Bar & Rebar Fabrication Products
Brad Ford - Executive Vice President of Plate & Structural Products

Conference Call Participants

Alexander Hacking - Citigroup Inc., Research Division
William Peterson - JPMorgan Chase & Co, Research Division
Lawson Winder - BofA Securities, Research Division
Timna Tanners - Wells Fargo Securities, LLC, Research Division
Philip Gibbs - KeyBanc Capital Markets Inc., Research Division
Katja Jancic - BMO Capital Markets Equity Research
Andrew Jones - UBS Investment Bank, Research Division
Tristan Gresser - BNP Paribas Exane, Research Division

Presentation

Operator

Good morning, and welcome to Nucor's Third Quarter 2025 Earnings Call. [Operator Instructions] And today's call is being recorded. [Operator Instructions] At this time, I would like to introduce Chris Jacobi, Director of Investor Relations. You may begin your call.

Chris Jacobi

Thank you, and good morning, everyone. I'm excited to join you this morning as the newest member of the Nucor IR team and welcome you to our third quarter earnings review and business update. Leading our call today is Leon Topalian, Chair, President and CEO; along with Steve Laxton, Executive Vice President and CFO. Other members of the Nucor executive team are also here with us today and may participate during the Q&A portion of the call.

Yesterday, we posted our third quarter earnings release and investor presentation to Nucor's IR website. We encourage you to access these materials as we will cover portions of them during the call. Today's discussion will include the use of non-GAAP financial measures

Recommended For You

Cisco offers a NVIDIA Cloud Partner-compliant reference architecture based on new data center switching solutions, providing customers ultimate flexibility as they build critical AI infrastructure.

News Summary:

With the new Cisco N9100 series switch, Cisco now offers neocloud and sovereign cloud customers a NVIDIA Cloud Partner-compliant reference architecture, delivering a unified operating model with the flexibility of NX-OS or SONiC.
Cisco is introducing the Cisco Cloud Reference Architecture for neocloud and sovereign cloud customers; the new offering is based on the tenets of the NVIDIA Cloud Partner reference architecture and utilizes Cisco Silicon One-based switches with embedded NVIDIA Spectrum-X capabilities.
For enterprises, Cisco strengthens the Secure AI Factory with NVIDIA through advancements in compute, security, networking, observability, and new ecosystem partnerships.
Cisco, NVIDIA, and other telecom industry partners unveil the first AI-native wireless stack for 6G, empowering telecom providers with a network transition path for the AI era.

, /PRNewswire/ -- GTC -- Cisco (NASDAQ: CSCO) today introduced major advancements to accelerate secure, scalable AI across market segments. Leading the announcements is the Cisco N9100, the first NVIDIA partner-developed data center switch based on NVIDIA Spectrum-X Ethernet switch silicon. With this switch, Cisco is offering a NVIDIA Cloud Partner-compliant reference architecture for neocloud and sovereign cloud deployments. For enterprise customers, Cisco Secure AI Factory with NVIDIA, strengthens protection and visibility across AI deployments with new security and observability integrations. To pave the way for next-generation connectivity in the telecom industry, Cisco, NVIDIA and additional partners unveiled the industry's first AI-native wireless stack for 6G. Together, these innovations offer neocloud, enterprise, and telecom customers the flexibility and interoperability to efficiently build, manage and secure AI infrastructure at scale.

"We're at the beginning of the largest data center build-out in history," said Jeetu Patel, President and Chief Product Officer, Cisco. "The infrastructure that will power the agentic AI applications and innovation of the future requires new architectures designed to overcome today's constraints in power, computing, and network performance. Together, Cisco and NVIDIA are leading the way in defining the technologies that will power these AI-ready data centers in all their varieties, from emerging neoclouds, to global service providers, to enterprises, and beyond." 

"NVIDIA Spectrum-X Ethernet delivers the performance of accelerated networking for Ethernet," said Gilad Shainer, SVP of Networking at NVIDIA. "Working with Cisco's Cloud Reference Architectures and NVIDIA Cloud Partner design principles, customers can choose to deploy Spectrum-X Ethernet using the newest Cisco N9100 series or Cisco Silicon One based switches to build open, high-performance AI networks."

A Portfolio for Any AI Workload
Back-end and front-end Ethernet-based networks must be flexible enough to keep pace with rapid AI innovation, integrate seamlessly with existing infrastructure, and be simple to deploy and manage. Orderable before the end of the year, the Cisco N9100 series switches offer a choice of Cisco NX-OS or SONiC operating systems, advancing Ethernet for AI networks and offering greater flexibility in how neocloud and sovereign cloud customers build their AI infrastructure. With the N9100 as a foundation, Cisco will offer a NVIDIA Cloud Partner-compliant reference architecture. Cisco's portfolio of Nexus data center switching solutions provides a unified operating model through Cisco Nexus Dashboard, across Silicon One, Cloud-scale ASICs, and now switches built on Spectrum-X Ethernet switch silicon. 

Additionally, for neocloud and sovereign cloud customers, the Cisco Cloud Reference Architecture is based on the design tenets of NVIDIA's Cloud Partner reference architecture and utilizes Cisco's Silicon One and Cloud-scale ASIC offerings. The reference architecture will also include the recently introduced Cisco 8223 based on the Silicon One P200 for scale-across networks, NVIDIA BlueField-4 DPUs, and NVIDIA ConnectX-9 SuperNICs.

Cisco Secure AI Factory with NVIDIA: Built for Performance, Security, Resiliency
Since its unveiling at GTC in March 2025, the Cisco Secure AI Factory with NVIDIA has led the industry in offering enterprises a comprehensive architecture for AI infrastructure that puts security and observability at the forefront without sacrificing performance. With Cisco AI PODs and Cisco Silicon One-powered Nexus switching as a foundation, Cisco today is delivering new capabilities and features across:

Security and Observability - Cisco AI Defense now integrates with NVIDIA NeMo Guardrails to deliver robust cybersecurity for AI applications. Cisco AI Defense is orderable for on-premises data-plane deployment enabling security and AI teams to protect AI models and applications, limiting the sensitive data that leaves their organization's data centers. Also available, Splunk Observability Cloud helps teams to monitor the performance, quality, security, and cost of their AI application stack—including real-time insights into AI infrastructure health with Cisco AI PODs—while Splunk Enterprise Security extends this visibility to protect AI workloads.
● Core AI Infrastructure - Cisco Isovalent is now validated for inference workloads on AI PODs, enabling enterprise grade, high-performance Kubernetes networking. Cisco Nexus Hyperfabric AI with a new cloud-managed Cisco G200 Silicon One switch that delivers high-density 800G Ethernet, is now orderable as a deployment option in AI PODs. Cisco UCS 880A M8 rack servers with NVIDIA HGX B300, and the Cisco UCS X-Series modular servers with NVIDIA RTX PRO 6000 Blackwell Server Edition GPUs are also now orderable as part of AI PODs. This enables high-performance GPU support for a wide range of workloads including generative AI fine-tuning, inference and more.
Ecosystem expansion - NVIDIA Run:ai software is available through Cisco and its partners, enabling intelligent AI workload and GPU orchestration capabilities. Nutanix Kubernetes Platform (NKP) solution is now a supported Kubernetes platform, and Nutanix Unified Storage (NUS) solution is now a supported storage option, with Nutanix Enterprise AI (NAI) solution as the interoperable software component that simplifies building and operating containerized inference services.
Government-Ready - Cisco is collaborating with NVIDIA and aligning to the new NVIDIA AI Factory for Government, a full-stack end-to-end reference design for AI workloads deployed in highly regulated environments.

The First AI-native Wireless Stack – with Cisco at its Core
As AI moves from smartphones to more connected things – augmented reality glasses, connected cars and robotics – wireless networks face mounting demand to support billions of connections at unprecedented scale and efficiency. To meet this challenge, Cisco, NVIDIA, and additional telecom partners have developed the first American AI-RAN stack for mobile networks that integrates sensing and communication, with multiple pre-6G applications being showcased at NVIDIA GTC DC. It allows telecom providers to infuse AI into their mobile networks, starting with 5G advanced services and establishes the groundwork for 6G. The stack combines Cisco's user plane function and 5G core software with the NVIDIA AI Aerial platform, creating a foundation that enables physical AI and integrated sensing with unmatched efficiency and security. 

Cisco and NVIDIA: Moving AI Forward, Together
Cisco and NVIDIA's collaboration continues to accelerate, driven by a shared vision of an AI-powered future that is scalable, observable, and secure. The advancements announced today are a testament to Cisco's relentless pursuit of innovation, that will accelerate AI adoption across enterprises, neoclouds and telecom providers.

Industry Reactions:
"The real challenge in AI infrastructure isn't just performance—it's maintaining operational sanity as you scale from dozens to thousands of GPUs. Cisco's approach with NX-OS and Nexus Dashboard creates a single pane of glass across our entire AI fabric, whether we're optimizing inference latency in the front-end or maximizing training throughput in the back-end. That operational simplicity translates directly to faster deployments and lower TCO." – Xiaohe Hu, CEO, Infrawaves

"Cisco's N9100 series powered by NVIDIA Spectrum-X Ethernet switch silicon, provides a solution for high-performance, open infrastructure to meet our AI cloud demands. The capability to run NX-OS or SONiC under a unified operating model on Nexus Dashboard delivers more flexibility to our customers with operational simplicity. Its enterprise-grade networking with the scale and agility of the cloud — exactly what the next generation of AI workloads requires." – Yih Leong Sun, Head of Infra, GMI Cloud

 "As the demand for computing power continues to grow, our GPU clusters are expanding rapidly in scale. In ultra-large-scale GPU networks, we face various challenges such as congestion management and load balance. Cisco's NCP compliant reference architecture with N9100 Series switch provides us with the desired performance and openness out of the box. With the Cisco Nexus platform, we can fully leverage the AI networking capabilities of NVIDIA Spectrum-X Ethernet switch silicon without incurring additional operational or development costs and seamlessly integrate with our existing systems. We look forward to partnering with Cisco on this exciting journey ahead." – Junfeng Cheng, Head of Networking Infrastructure, Xiaohongshu (RedNote)

"World Wide Technology (WWT) clients know and trust Cisco networking in the enterprise data center. Bringing that together with the innovation of NVIDIA Spectrum-X Ethernet technology extends the value of our clients' investment in the data center to now include AI workloads. This will be critical as our clients look to scale AI in the enterprise data center." — Neil Anderson, VP and CTO Cloud, Infrastructure and AI Solutions at World Wide Technology (WWT)

"BlueSky Compute is excited to be one of the first Neoclouds to deploy Cisco's N9100 series switches for the scale-out fabric in our AI training clusters- powering our vision to turn AI into ROI for the world's enterprises by building larger, more interconnected B300 clusters, faster. Cisco's NCP compliant reference architecture based on N9100 Series switch while maintaining the operational simplicity with Nexus Dashboard is a game-changer." – Ian Hartley, CEO Bluesky Compute

"We've deployed thousands of GPUs across our customers' AI infrastructure, and network complexity has been our biggest scaling challenge. Cisco's Nexus N9100 series platform based on NVIDIA Spectrum-X Ethernet switch silicon directly addresses this with NCP RA compliance - giving us the performance we need with the openness we require. The unified Nexus operating model is particularly compelling as it maintains consistent operations. This flexibility to meet customers where they are, rather than forcing architectural decisions, is reshaping how customers approach AI infrastructure." – Thomas Berger, Computacenter

"Shanghaj Lichan Co., Ltd., as an NVIDIA Cloud Partner, offers a comprehensive full-stack solution that integrates both hardware and software to power AI-driven cloud services. Our services include end-to-end capabilities, from consulting and planning, to testing, deployment, and implementation, as well as ongoing operations and maintenance. We are excited about the upcoming launch of the Cisco N9100 Series . We believe its unified operating model with Nexus Dashboard and NCP-compliant reference architecture will simplify deployments and scale our AI infrastructure more efficiently. This solution is designed to accelerate innovation, reduce costs, and deliver large-scale capabilities to our customers faster than ever before." – Wendy Wu, Chairman, Shanghai Lichan Technology Co., Ltd.

Additional Resources:

Executive blog: Cisco Drives AI Networking Innovation with NVIDIA by Will Eatherton, SVP, Data Center, Internet & Cloud Infrastructure Engineering, Cisco
Executive Blog: Avatar Cisco Nexus Delivers New AI Innovations with NVIDIA by Murali Gandluru, VP , Data Center Networking, Cisco
Executive Blog: From AI Pilots to Production: Building Infrastructure That Makes AI Real by Jeremy Foster, SVP, Data Center Compute, Cisco
Executive Blog: Leading the Next Era of Intelligent Connectivity by Masum Mir, SVP & GM, Cisco Provider Mobility
Product blog: Cisco AI Defense Integrates with NVIDIA AI Enterprise Software to Secure AI Applications Using NVIDIA NeMo Guardrails
Product blog: Unlocking AI Performance: Splunk Observability for Cisco Secure AI Factory with NVIDIA
NVIDIA AI Factory for Government
NVIDIA RTX PRO 6000 Blackwell Server Edition Series GPUs
NVIDIA HGX B300
NVIDIA BlueField DPUs

About Cisco
Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word 'partner' does not imply a partnership relationship between Cisco and any other company.

Disclaimer: Many of the products and features mentioned are still in development and will be made available as they are finalized, subject to ongoing evolution in development and innovation. The timeline for their release is subject to change.

SOURCE Cisco Systems, Inc.

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Corporate Bitcoin buying hits year-to-date lows, and Coinbase warns that only one Ethereum DAT is keeping the institutional demand afloat.

REX-Osprey XRP ETF (XRPR) Stats – Source: REX-Osprey Website

This company would join VivoPower International in the list of XRP-focused treasuries that have already carried out their strategies, while multiple other publicly listed firms like Trident Digital Tech Holdings are negotiating with investors to launch similar initiatives.

Meanwhile, the REX-Osprey XRP ETF (XRPR) has surpassed the $110 million mark in assets under management, as institutional interest for altcoins keeps growing.

Although Trump temporarily derailed altcoin season, XRP’s daily chart still points to an ongoing consolidation. These technical setups tend to indicate accumulation by market participants, and could anticipate a big boost in the price.

What XRP needs at the time is another catalyst that manages to push the price above its all-time high. Ethereum (ETH) and BNB Coin (BNB) have paved the way, as these two have already reached new price records during this cycle.

XRP could play catch-up at some point, and the only reason why this move has been delaying seems to be that the market is taking a breather following the massive 500% rally that the token experienced between October 2024 and January 2025.

XRP Eyes Trend Line Breakout as RSI Sends Buy Signal
The daily chart shows that XRP climbed above the 200-day exponential moving average (EMA) in the past few days, favoring a bullish long-term outlook for the token.

22 minutes ago

Éric Ciotti of the Union of the Right for the Republic led the charge in a motion for a resolution to ban CBDCs and promote stablecoins in France.

197

Lawmakers in France are set to review a proposal that could have significant implications for the country’s adoption of digital currencies, from stablecoins to Bitcoin (BTC).

In a motion for a resolution introduced on Wednesday, Éric Ciotti of the Union of the Right for the Republic led a proposal for France’s national assembly to ban the digital euro, potentially being pioneered by the European Central Bank and instead promote “the dissemination of euro stablecoins and investment in crypto-assets.”

The motion cited the US’ efforts to ban central bank digital currencies (CBDCs) and promote stablecoins through the GENIUS Act signed into law in July.

“This proposed European resolution therefore calls on the Government to advocate for the future European prudential framework specific to cryptoasset exposures to deviate specifically from the 2022 Basel standard to facilitate the pledging of cryptoassets, while maintaining the objective of a substantial overhaul of these rules within the Basel Committee,” said the motion.

Source: French National AssemblyThe proposal did not explicitly mention establishing a national BTC reserve, but reports suggested that Ciotti intended to have the French government hold 2% of the total supply of the cryptocurrency, worth about $48 billion at the time of publication. Such a move would also follow the US government’s efforts to establish strategic BTC and crypto reserves, in part by using tokens seized through criminal cases.

The motion, which as of Tuesday did not appear to have been considered by French lawmakers, was the latest in the country’s national assembly, potentially affecting policy on crypto and Bitcoin. In August, the political party Rassemblement National reportedly pushed for the French government to mine BTC using surplus energy from the country’s nuclear power plants.

Another country adopting crypto reserve policies?In addition to the US government’s efforts under President Donald Trump to develop BTC and crypto stockpiles — which could potentially be bolstered by a $14-billion seizure earlier this month — other countries have been exploring options

Kyrgyzstan’s lawmakers reportedly began exploring the creation of a digital asset reserve following discussions with former Binance CEO Changpeng “CZ” Zhao, who works as an adviser to the government’s crypto committee. Meanwhile, one of the economic hubs in Bhutan said in January that it planned to set up a strategic crypto reserve, using BTC and other tokens.

Magazine: Mysterious Mr Nakamoto author: Finding Satoshi would hurt Bitcoin

REX-Osprey XRP ETF (XRPR) has surged past $100 million in assets just weeks after launch, signaling soaring institutional demand for XRP exposure.

Brian Njuguna2 min read

28 October 2025, 05:25 PM

Source: ShutterstockREX-Osprey XRP ETF Surpasses $100 Million, Signaling Strong Institutional DemandThe REX-Osprey XRP ETF has made a powerful debut, surpassing $100 million in assets in less than a month since its September 18 launch, a clear sign that institutional demand for XRP is accelerating despite U.S. regulatory uncertainty.

XRPR, listed on the Cboe BZX Exchange, is the first U.S.-listed fund offering direct exposure to XRP, the digital asset powering Ripple’s payments network. 

By tracking the spot price of XRP, the ETF gives professional and retail investors a compliant, regulated vehicle to access one of the crypto market’s most established altcoins, without the need for self-custody or unregulated exchanges.

Notably, the fund’s swift growth has positioned it as a key barometer for U.S. investor interest in XRP and altcoin exposure more broadly. XRPR’s rapid inflows rival early adoption levels seen with other digital asset ETFs such as Grayscale’s Ethereum Trust and Bitwise’s Bitcoin Fund during their initial launches.

Bolstering XRPR’s explosive momentum is the SEC’s temporary freeze on six competing XRP ETF applications amid the U.S. government shutdown. With reviews paused for firms like VanEck and Galaxy Digital, REX-Osprey enjoys a powerful first-mover advantage, seizing market share and investor attention while rivals remain on hold.

XRP has thrived under the spotlight, holding steady between $2.60 and $2.70 amid surging derivatives volume and growing optimism over future ETF approvals. Analysts say XRPR’s explosive debut could become the model for next-generation crypto ETFs, particularly those extending beyond Bitcoin and Ethereum.

Therefore, XRPR’s breakout success confirms that institutional demand for XRP is real and accelerating. As the SEC shutdown stalls rival ETF approvals, REX-Osprey’s early lead cements XRPR as the definitive benchmark for U.S. XRP investment demand.

ConclusionIn just weeks, the REX-Osprey XRP ETF has done more than hit a milestone, it has validated XRP’s role in institutional portfolios and signaled a clear shift toward regulated crypto exposure beyond Bitcoin and Ethereum. 

With competitors stalled by SEC delays, XRPR’s early lead cements it as the benchmark for mainstream XRP demand. If its momentum holds, this launch could mark the dawn of a new era for altcoin ETFs, one led by XRP at the crossroads of traditional finance and digital assets.

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Brian Njuguna

Brian Njuguna is a seasoned crypto journalist at Coinpaper, specializing in blockchain innovation, market trends, and regulatory developments. With a background in economics and years of experience covering the digital asset space, Brian delivers sharp, data-driven insights that cut through the hype. His reporting bridges global crypto narratives with emerging market perspectives, making complex topics accessible to a wide audience.

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Latest Cryptocurrencies News TodayXRP (Ripple) News

Western Union said Tuesday that it release a stablecoin via the Solana blockchain in 2026.

The international payments company said in a joint announcement with the Solana Foundation that the new digital token will be called USDPT and issued by Anchorage Digital Bank.

"Western Union will provide users with access to digital assets, and we look forward to enabling the ability to send, receive, spend and hold USDPT through a seamless user experience supported by our global compliance and risk capacities," the announcement read.

This is a breaking news story and will be updated. 

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

CEO Devin McGranahan first signaled the company was exploring stablecoin integrations as early as July, inspired by the GENIUS Act.

Trump Coin price has rebounded by double digits as whale buying continues and exchange balances retreat ahead of the Federal Reserve interest rate decision. 

Summary

Trump Coin price has jumped by 78% from this month’s low.
The rally happened as whales dumped and exchange balances fell.
It also jumped after the Hedera, Solana, and Litecoin ETF approvals.

Official Trump (TRUMP) jumped to a high of $8.17 on Monday, Oct. 27, up by 78% from its lowest level this month. This rebound happened in a high-volume environment, with the 24-hour figure rising to $2.2 billion, higher than its market cap of $1.42 billion. 

One reason why the Trump Coin price is rising is that whales have been accumulating the token in the past few weeks. They now hold 4.88 million tokens, up from last month’s low of 3.97 million. This is a sign that these investors expect the coin will rebound soon.

Whale buying has coincided with the ongoing decline of exchange reserves. There are now 129 million coins in exchanges, down from this month’s high of 132 million. Falling exchange reserves is a sign that investors are not selling their tokens despite the crash.

The other potential reason why the Trump token is rising is that the SEC has allowed the spot ETFs of popular coins like Hedera, Solana, and Litecoin. 

As such, there is a possibility that the agency will approve the Canary TRUMP ETF, a move that may lead to more demand. 

Trump Coin price rally is also because of the ongoing crypto market rebound as investors wait for the Fed interest rate decision. The expectation is that the bank will cut rates on Wednesday, a move that would boost the crypto market.

Trump Coin price technical analysis
TRUMP token price chart | Source: crypto.news
The daily chart shows that the Trump meme coin token has rebounded, moving from this month’s low of $4.63 to $7. It has moved slightly above the upper side of the falling wedge pattern. 

However, it is still too early to predict whether the ongoing gains will hold. It remains below the short and medium-term moving averages and the supertrend indicator. 

Also, top trend indicators like ADX and the True Strength Index are showing some weakness. Therefore, the token will likely give up some of these gains and possibly move back to $5.

TL;DR

MetaMask has introduced a new Rewards program that lets users earn points from trading, swapping, and referring friends, with additional credit for past activity.
Points can be redeemed for fee discounts, token allocations, and partner offers, and new incentives will be added each season.
Users progress through levels, unlocking increasingly valuable perks as they accumulate points, from Linea tokens to exclusive discounts and premium benefits for top participants.

MetaMask, one of the most widely used crypto wallets, has rolled out “MetaMask Rewards”, a program designed to give users more benefits from their everyday crypto activity. By participating, users earn points from swapping tokens, executing perps trades, referring friends, and even leveraging past activity, helping them climb through multiple reward levels that unlock greater perks. The program reflects MetaMask’s effort to create a more engaging and rewarding experience for active traders.

How MetaMask Rewards Levels Work
The system is structured into seven levels per season. Each level offers specific perks, starting with basic recognition at Origin and moving up to premium benefits at Utopia. For example, reaching Level 2 Frontier grants Linea token allocations proportional to points earned, while Level 4 Oceania offers 50% discounts on perps trading fees. Top-tier participants at Level 7 Utopia receive a one-year free MetaMask Metal Card, demonstrating the program’s commitment to rewarding the most engaged users. Points accumulation is based on measurable activity: swaps, trades, referrals, and historical transactions. Users can even link multiple accounts to maximize point earning.

Earning Points And Redeeming Rewards
Every activity translates into points that determine progression. Swaps earn 8 points per $10, perps trades give 1 point per $10, and referrals generate points from friends’ trading activity. Historical trading contributes up to 50,000 points, ensuring long-term users are recognized. Rewards vary: some, like fee discounts and points boosts, are applied automatically, while others, such as token allocations, become claimable at the end of the season. This approach provides both immediate and long-term incentives, encouraging consistent engagement throughout the season.

Getting started is simple. Users update their MetaMask mobile app to version 7.57 or higher, access the “Rewards” tab, and opt in. From there, trading crypto on MetaMask automatically increases points. The Rewards tab tracks levels, unlocked perks, and overall progress. As the program evolves, MetaMask plans to introduce additional seasonal incentives, making the wallet not only a hub for crypto management but also a platform for earning tangible benefits from active participation.

24 minutes ago

The expanded integration lets Coinbase Prime clients stake Solana, Avalanche and other proof-of-stake assets directly from custody.

157

Institutional staking provider Figment has expanded its integration with Coinbase, allowing the exchange’s institutional clients to stake a broader range of proof-of-stake (PoS) assets directly from Coinbase Custody — a move that could drive adoption beyond Ethereum.

Through the integration, Coinbase Prime customers can now use Figment’s staking infrastructure to access additional PoS networks, including Solana (SOL), Sui (SUI), Aptos (APT), Avalanche (AVAX) and others, the companies announced Tuesday.

The partnership, which began in 2023, has already facilitated more than $2 billion in staked assets through Coinbase Prime.

Source: FigmentCoinbase Prime serves institutional investors with a full-service crypto prime brokerage, offering trading, financing and custody for over 440 digital assets across dozens of blockchains.

Figment currently has $18 billion in assets under stake across more than 40 protocols. 

Crypto ETFs come to the USThe announcement follows the launch of several staking-focused exchange-traded funds (ETFs) in the US this month, including the Bitwise Solana Staking ETF (BSOL), which offers exposure to Solana staking.

Grayscale has also announced plans to introduce staking for its Ethereum and Solana products. Earlier this month, the asset manager staked $150 million worth of Ether (ETH) as part of its effort to enable investors to earn staking rewards from their holdings.

These developments come just months after the US Securities and Exchange Commission (SEC) determined that certain liquid staking activities do not constitute securities transactions, placing them outside the agency’s jurisdiction. 

Before that ruling, asset managers including VanEck, Bitwise and Jito Labs had urged the securities regulator to clarify its stance and approve liquid staking mechanisms for Solana-based ETFs.

SEC Chair Paul Atkins said the decree marked a “significant step forward in clarifying the staff’s view about crypto asset activities that do not fall within the SEC’s jurisdiction.” 

Publicly traded companies that hold Bitcoin (BTC) and Ethereum (ETH) in their balance sheets have largely paused accumulation since the sharp crypto market downturn earlier this month, according to new data from Coinbase Institutional.

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Cardano founder Charles Hoskinson says the network is on the cusp of a significant shift, reacting to news that an HTTP-402–based payments standard—known as “x402”—is being brought to Cardano and integrated with Masumi, an agent-to-agent protocol built atop the chain. “This is very big for Cardano,” Hoskinson wrote on X on October 27, in response to the demo announcement.

The catalyst is a proof-of-concept published by Masumi cofounder Patrick Tobler showing a live x402 “pay-to-access” flow that ends in an on-chain action: a memecoin mint on Cardano. Tobler framed it as a milestone en route to standardizing how autonomous agents and web services exchange value via APIs without log-ins or OAuth.

“x402 is coming to Cardano (and Masumi)! … The first x402 Proof-Of-Concept Memecoin Mint,” he posted, adding that users can try the demo with 2 USDM for payment and a small amount of ADA for fees—and stressing that the token itself is strictly a technical showcase with “0 future plans.”

This is very big for cardano https://t.co/hb9ahzCXAD

— Charles Hoskinson (@IOHK_Charles) October 27, 2025

What This Means For Cardano
In a series of follow-ups, Tobler described x402 as a revival of the web’s long-dormant HTTP 402 “Payment Required” status code, generalized for modern machine-to-machine commerce. “Built around the HTTP 402 status code, x402 enables users to pay for resources via API without registration, emails, OAuth, or complex signatures,” he wrote, noting that Coinbase developed the protocol and that it is integrated into Google’s Agent Payments Protocol (AP2).

The Masumi implementation pairs that transport-level payment primitive with smart-contract guarantees for identity, refunds, and decision logging—“turning Cardano into the financial backbone of the agent economy,” as he put it.

The demo itself makes the flow concrete. When a user hits the endpoint, the server responds with “402: Payment Required.” The front end prompts a connected Cardano wallet to construct the payment. The payment proof is then transmitted in the 402 header; the server relays it on-chain, waits for finality, and only then returns the protected resource—in this case, minting the demo memecoins. “Please note: This is NOT a real memecoin. It is ONLY a proof-of-concept intended to showcase the technology!” Tobler emphasized.

Context matters for why Hoskinson’s enthusiasm resonated. x402 has been positioned by Coinbase as an “internet-native payment protocol” for AI agents and APIs, with instant, stablecoin-settled micropayments and merchant tooling. Separately, Google introduced AP2 as an open agent-payments layer designed to support multiple rails—including stablecoins—and to standardize authorization and auditability for agentic commerce. An x402 integration at the chain and smart-contract level gives Cardano a clear line into that emerging stack.

The choice of USDM for the demo highlights another Cardano-specific ingredient: a fiat-backed USD stablecoin native to the network, launched by Moneta (formerly Mehen). USDM’s role in the x402 flow is straightforward—precise, low-friction settlement per request—while ADA remains necessary for network fees. For agent-to-agent use cases, the combination is pragmatic: deterministic fees plus dollar-denominated pricing.

Tobler said the team is now drafting the x402 standard for both Cardano and Masumi, and explicitly not limiting the spec to simple address-to-address transfers. “By not only doing Address-To-Address like most other blockchains do but actually writing the standard to work with the Masumi Smart Contract, we’re making our x402 implementation the most powerful one out there,” he wrote.

At press time, ADA traded at $0.6659.

ADA remains below key resistance, 1-week chart | Source: ADAUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Journalist

Posted: October 28, 2025

Key Takeaways 
What triggered the latest stablecoin inflows?
Rising market optimism and dip-buying pushed $6.6B in stablecoin deposits, led by Binance’s $3.6B inflow.

Which tokens stand to benefit?
Myx Finance [MYX], Aster Network [ASTER], and Humanity Protocol [H] outperformed peers.

The crypto market began recovering after a sharp mid-October sell-off. Total market capitalization rebounded from $3.54 trillion to $3.85 trillion within a week.

Rising Stablecoin Reserves suggest that more upside could be ahead as traders reload exchange balances for potential accumulation.

Binance leads stablecoin inflows
In the past 30 days, stablecoin inflows surged significantly, reaching $6.58 billion.

Data from CryptoQuant confirmed that this is the second-largest inflow of the year, trailing only the $7.23 billion recorded on the 4th of February.

Investors funneled most of this capital into centralized exchanges, with Binance receiving the largest share at $3.63 billion and Bybit following with $1.30 billion.

The timing of this inflow coincided with the market-wide decline that began around the 10th of October.

Crypto analyst Maartunn noted that the surge in stablecoin deposits may reflect renewed “buy-the-dip” sentiment among traders, positioning capital on exchanges for potential accumulation.

The recent rise in inflows led by Binance could also be linked to the outperformance of altcoins listed on the exchange.

CryptoQuant confirmed this trend, noting that altcoins listed on Binance Futures over the past 90 days have outperformed those on other platforms.

Where stablecoins are flowing
AMBCrypto’s earlier analysis showed that the stablecoin market has entered a stabilization phase and may be gearing up for a broader rally.

According to the report, there’s a high probability that a full altseason could recover if the Altcoin Season Index continues to rise and Bitcoin [BTC] dominance declines.

Source: Lookonchain

Lookonchain data revealed that the Ethereum [ETH] network captured the majority of new stablecoin liquidity — around $1.24 billion in seven days.

TRON [TRX] followed with $477 million, while Avalanche [AVAX] attracted $114 million.

At the same time, Solana [SOL] and Plasma [XPL] recorded outflows of $470 million and $501 million, respectively, showing capital rotation away from non-EVM chains.

Which altcoins could rally next
According to CoinMarketCap’s 90-day data, ERC-20 compatible tokens have led the recovery. They include Myx Finance [MYX], Aster [ASTER], and Humanity Protocol [H].

These tokens have significantly outperformed the broader market in the last 90 days. For instance, MYX surged by over 2,400%, ASTR gained 1,160%, and H rose by roughly 570%.

Source: CoinMarketCap

This trend could likely extend to other ERC-20 tokens, especially those with strong utility and active community interest.

TL;DR:

SIP-3 introduces multi-wallet support and faster transactions.
The upgrade enhances cross-chain compatibility for Sei.
Sei positions itself as a leading hub for scalable DeFi infrastructure.

Sei has rolled out its SIP-3 wallet upgrade, a highly anticipated update designed to simplify how users interact with the Sei ecosystem. The new implementation marks a major step toward seamless interoperability, improved transaction speed, and a better developer experience, aligning with the blockchain’s vision of enabling scalable, high-performance applications across multiple ecosystems.

Wallet integration gets smarter and more interconnected
SIP-3 introduces native support for multiple wallet providers, expanding user access to Sei’s rapidly growing network. Wallets such as Compass, Keplr, Leap, and Ledger are now integrated directly with the Sei blockchain, reducing friction for both newcomers and experienced users. This upgrade standardizes wallet connectivity and creates a consistent interface that developers can build upon, fostering faster onboarding and user adoption.

The upgrade also enhances Sei’s transaction framework, providing faster confirmation times and smoother asset management. SIP-3 improves signature verification and key handling, allowing wallets to process operations more efficiently and securely. Users can now switch between wallets without manual configuration, while developers gain new APIs to integrate Sei functionalities directly into applications with minimal code adjustments.

According to Sei, the SIP-3 update also lays the foundation for greater cross-chain compatibility. By adopting more flexible data structures and standardized wallet metadata, the upgrade enables Sei wallets to interact more effectively with other Cosmos-based chains and Ethereum Virtual Machine (EVM) environments. This development positions Sei as a more connected hub within the expanding multi-chain landscape, bridging decentralized apps and liquidity sources across ecosystems.

Ultimately, SIP-3 represents a strategic leap in Sei’s roadmap toward user-focused scalability. The chain’s design—optimized for speed, parallel execution, and low-latency trading—now pairs with wallet functionality that matches its performance goals. Sei’s team emphasized that this release is just the beginning of broader interoperability efforts planned for future network versions, underscoring its long-term mission to make decentralized technology feel as intuitive and responsive as Web2 systems.

Vancouver, BC – TheNewswire - October 28, 2025 – Global Stocks News - Sponsored content disseminated on behalf of Argenta Silver. On October 28, 2025, Argenta Silver (TSXV: AGAG) (OTCQB: AGAGF) (FSE: T1K) CEO Joaquin Marias sent a message to AGAG shareholders, talking about the history, financing, culture, geology and future goals of the company.

Full Transcript of 1st Anniversary Address by Argenta CEO Joaquin Marias:

Vancouver.

Late Friday evening.

I’m still in the office, phone pressed to my ear — Frank Giustra and Shawn Khunkhun, two of my advisors and mentors, are on the line. The discussion is intense: geology, financing, scalability, upside, we’re covering it all. Questions fly back and forth, each one sharper than the last.

After a long, thoughtful pause, Frank says, “I’ve been waiting a long time for an opportunity like this. This is it.”

Then he asks me, “Are you confident?”

I don’t hesitate.

“Yes,” I tell him, “I am.”

Sixty days later, on October 24, 2024, Argenta Silver Corp.  was trading on the TSX Venture Exchange (TSX.V: AGAG) with the El Quevar Project in its hands. In just two months, we ran full technical and legal due diligence, negotiated the deal, mobilized consultants to Argentina, assembled a compact but highly effective team, filed every regulatory document required to complete the transaction and raised C$15.3 million through a private placement to capitalize the company with a lead order from Giustra, who remains a significant shareholder of Argenta.

That day marked the beginning of Argenta’s story and, in many ways, the continuation of mine.

Growing up, I was surrounded by geologists. My neighbours were pioneers of exploration across the Andes, famous for legendary discoveries such as the Vicuña, Mercedario, El Seguro, and Las Águilas districts, among others. Their wild stories shaped me and propelled me to become a geologist, with dreams to explore, to build and to lead.

My first experience at the El Quevar project was in 2010, as a university summer-intern. Of course, I didn’t know then that the immense alteration footprints I observed that summer would one day define the foundation of a company I would lead.

Since then, I’ve worked from the deserts of South America to offshore rigs in the southern seas, sometimes as an employee, sometimes as manager, and even sometimes as the owner of my own enterprises. During the industry’s tougher years, I joined Weatherford International and later Schlumberger. There, I received rigorous training within one of the most disciplined organizations in the natural resources sector. Those years taught me the value of structure, precision, and execution. And those lessons continue to shape how Argenta operates today.

During the last week of October 2025, Argenta Silver will celebrate its first year. In that short time, we have built a technically strong, culturally diverse team and established a global reputation for partnership, transparency, and results. Major institutions and investors from multiple nationalities have taken notice. Recognized high net worth individuals, including renowned Argentine businessman Eduardo Elzstain, are also supporting our vision.

Click Image To View Full Size

Joaquin Marias, first visit to El Quevar in 2010.

Our 100%-owned subsidiary, Silex Argentina S.A., holds the project locally in Salta, where we have earned the trust of communities and government alike, not just by following the written regulations, but by respecting the unwritten idiosyncrasy and codes that define success in the region.

As an Argentine leading an international company, I’ve had the privilege of bridging both worlds, connecting local understanding with global vision.

And speaking of vision, ours is ambitious. Argenta was created to become a leading Latin American silver company, focused on exploration and production across multiple operations. It is a vision that is supported by our major shareholders, whose careers have been defined by ventures that were ahead of their time.

Silver itself has entered a new era. The metal has surpassed historic resistance levels, and its use has expanded far beyond the traditional, becoming increasingly industrial, increasingly essential, and increasingly scarce.

Our valuation has steadily strengthened, driven not only by favourable market conditions but also by our team consistently and diligently delivering results.  

From the beginning, my team has delivered. So far, we have raised C$35 million, of which only C$12 million has been spent (C$5 million on the acquisition of the project and C$8 million on operations). Funds for operations (C$8 million spent) have supported general, administrative and marketing expenses; camp and road reconditioning; re-logging   ̴29,000 meters of historical drill core; database compilation; 3D modeling; detailed mapping of  133 km2; alteration studies over 6,000 samples; collection and assay of  1,400 surface samples plus preparation of   6900̴ TerraSpec-Density-pH samples; construction of 8 kilometers of new access roads; and 4,244 meters of new drilling with its respective   4̴ ,200 samples. We completed the majority of this work through the harsh conditions of the Andean winter, thanks to the merit of a world-class team in Argentina.

Click Image To View Full Size

Silex Argentina management and senior team at site. Field work kick-start, January 03, 2025.

Our shareholders and the funds entrusted to us are among our greatest assets. Every team - marketing, accounting, legal, and technical - operates under a single guiding principle: spend each dollar only if it generates value and a measurable return on investment.

Now we are embarking on a larger season that will define Argenta’s next chapter, with the expectation that we are fully funded from November 2025 until May/June 2026.

We have planned 12,000 to 15,000 meters of drilling, complemented by additional surface work. For the first time, we will carry out geophysical surveys across vast areas that have never been walked before. Our skilled in-house teams, who know both the terrain and the science behind it, will execute these programs.

Capital allocation for this campaign is expected to be split by approximately 40% toward resource expansion and 60% toward exploration. This balanced approach ensures we continue to add value through infill and step-out drilling on the mineralized trend. We will also venture into completely new ground - areas that have never been explored - as well as historical targets that have never had followup work completed.

This strategy addresses the historical unbalanced approach the project has experienced. Most of the previous efforts focused on the resource area, leaving substantial untapped potential. Today, geological, structural, geochemical, spectral, and lithological evidence collected and reviewed by us is directing exploration towards areas with high probability of hosting new deposits.

Our constant educational approach has enabled us to reintroduce the El Quevar project to the market after ten years of dormancy under the previous operator. And we continue to work systematically to unlock the available potential of this project, which we believe is significant.

I am a believer in step-by-step approaches, science, and that well-executed actions always outperform endless planning or abrupt emotional decisions. We recognize that exploration will be challenging, but we must be bold. Drilling within the resource area will help mitigate risk and add immediate value, while exploration drilling provides the upside that could redefine the scale of El Quevar.

So far, surface results have topped the upper detection limits of 20,000 g/t Ag. We’ve seen record breaking drill intercepts, such as 1.05 meters @ 18,467 g/t Ag. These findings send us a clear geological message: the hydrothermal fluids were saturated in silver. Wherever those fluids circulated, a deposit could have formed, possibly close to or even beneath the existing resource. It is time to look for it.

A new year lies ahead. Your support and conviction remain essential to this enterprise. I thank you sincerely for continuing to support our vision and engaging with our journey as we move forward into this exciting next chapter together. On behalf of my team, I thank you for standing with us, for encouraging us to keep advancing, and for helping us become stronger every day.

Happy Birthday, Argenta Silver Corp.

Best regards,  

Joaquín Marias

President & CEO

Argenta Silver Corp

October 28, 2025

On October 27, 2025, Joaquin Marias discussed Argenta’s One-Year Recap & Next Catalysts on a webinar hosted by Romeo Maione, 6ix VP Business Solutions.

Key milestones achieved in the last 12 months:

Oct. 24, 2024 - AGAG Closes El Quevar Project Acquisition

November 4, 2024 - AGAG Engages With Indigenous & Gov Leaders

January 20, 2025 - AGAG Identifies New Targets At El Quevar

January 29, 2025 - Frank Giustra Increases Position In AGAG To 15.09%

April 28, 2025 – AGAG Appoints Joaquin Marias CEO

May 2, 2025 – Business Tycoon Eduardo Elsztain Invests $5 Million in AGAG

May 20, 2025 – AGAG Lists in Germany

May 26, 2025 – AGAG Mobilises Drills, Appoints Vanessa Bogaert

July 21, 2025 – AGAG Drills 533 g/t Silver over 20.20 meters

August 12, 2025 – AGAG Raises $15 Million from Bought Deal

August 13,  2025 – AGAG Drills 1,026 g/t Silver over 40 Meters

September 23, 2025 – AGAG Drills 545 g/t Ag over 43.20 Meters, Defines New Exploration Target

October 27, 2025 – AGAG Validates Yaxtché Deposit Continuity

Rob van Egmond, P.Geo., a “qualified person” as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this release. Rob van Egmond, P.Geo. has visited the El Quevar Project and is not independent of the Company.

The foundational Mineral Resource Estimate of the Yaxtché deposit boasts an indicated mineral resource of 45.3 million ounces of silver from 2.93 million tonnes grading 482 g/t Ag, and an inferred resource of 4.1 million ounces of silver from 0.31 million tonnes grading 417 g/t Ag [1.]

[1.] Refer to NI43-101 technical report with effective date of September 30, 2024, titled “NI 43-101 Technical Report on the Mineral Resource Estimate of the El Quevar Project Salta Province, Argentina”, posted on www.SEDAR.com under Argenta Silver Corp.

Contact: [email protected]

Disclaimer: Argenta Silver paid Global Stocks News (GSN) $1,750 for the research, writing and dissemination of this content.

Full Disclaimer: GSN researches and fact-checks diligently, but we cannot ensure our publications are free from error. Investing in publicly traded stocks is speculative and carries a high degree of risk. GSN publications may contain forward-looking statements such as “project,” “anticipate,” “expect,” which are based on reasonable expectations, but these statements are imperfect predictors of future events. When compensation has been paid to GSN, the amount and nature of the compensation will be disclosed clearly.

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