Market Signal Briefing

Bolsters Wafer-Scale Test and Validation Capabilities and Supports Go-to-Market Strategy

October 28, 2025 07:00 ET

 | Source:

Aeluma, Inc.

GOLETA, Calif., Oct. 28, 2025 (GLOBE NEWSWIRE) --  Aeluma, Inc. (NASDAQ: ALMU), a semiconductor company specializing in high-performance, scalable technologies for mobile, AI, defense and aerospace, robotics, automotive, AR/VR, and quantum computing, today announced that it has acquired significant capital equipment assets from a major components and solutions supplier to expand its prototyping and wafer-scale test capabilities. This investment supports Aeluma’s go-to-market plan and will help qualify manufacturing processes for key target markets.

“This asset acquisition is a prime example of Aeluma’s commitment to accelerating growth while maintaining disciplined capital management,” said Jonathan Klamkin, Ph.D., Founder and CEO of Aeluma. “We acquired key equipment at minimal cost, enabling a rapid expansion of our in-house prototyping and wafer-scale testing. I want to thank our team for identifying and negotiating this strategic acquisition, which circumvented the typical long lead times and high costs of new equipment.”

The state-of-the-art resources acquired include automated and semi-automated wafer probers, backend packaging and prototyping equipment, test and validation instruments, and facility infrastructure. The enhanced in-house capabilities are critical to complement Aeluma’s outsourced wafer fabrication and shorten the path to market as the company advances its strategic priorities pursuing commercial revenue across defense and aerospace, data center interconnects, mobile and consumer electronics.

About Aeluma

Aeluma (NASDAQ: ALMU) is a transformative semiconductor company specializing in high-performance photonic and electronic technologies that scale. The company’s proprietary platform combines compound semiconductors with scalable manufacturing used for mass market microelectronics to enable volume production and large-scale integration. Applications for Aeluma’s technology include mobile, AI, defense and aerospace, robotics, automotive, AR/VR, and quantum. Headquartered in Goleta, California, Aeluma operates state-of-the-art R&D and manufacturing capabilities for semiconductor wafer production, quick-turn chip fabrication, rapid prototyping, test and validation. Aeluma also partners with production-scale fabrication foundries, packaging, and integration companies. For more information, visit www.aeluma.com.

Company:

Aeluma, Inc.
(805) 351-2707
[email protected]

Investor Contact:

Financial Profiles, Inc.
Moira Conlon and Tony Rossi
(310) 622-8221
[email protected]

WATERTOWN, Mass., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Kymera Therapeutics, Inc. (NASDAQ: KYMR), a clinical-stage biopharmaceutical company advancing a new class of oral small molecule degrader medicines for immunological diseases, will report third quarter 2025 financial results on November 4, 2025. The Company will host a video conference call and webcast at 8:30 a.m. ET that day.

To join the video call or view the livestreamed webcast, please register via this link, or visit “News and Events” in the Investors section of the Company’s website at www.kymeratx.com. A replay of the webcast will be archived and available following the event.

About Kymera Therapeutics 
Kymera is a clinical-stage biotechnology company pioneering the field of targeted protein degradation (TPD) to develop medicines that address critical health problems and have the potential to dramatically improve patients’ lives. Kymera is deploying TPD to address disease targets and pathways inaccessible with conventional therapeutics. Having advanced the first degrader into the clinic for immunological diseases, Kymera is focused on building an industry-leading pipeline of oral small molecule degraders to provide a new generation of convenient, highly effective therapies for patients with these conditions. Founded in 2016, Kymera has been recognized as one of Boston’s top workplaces for the past several years. For more information about our science, pipeline and people, please visit www.kymeratx.com or follow us on X or LinkedIn.

Vancouver, British Columbia--(Newsfile Corp. - October 28, 2025) - International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce, further to its announcement on September 09, 2025, that on October 24, 2025 Lepidico met all the drawdown conditions for completion of its secured loan from ILC and that this has now been increased to the full amount of CAD$ 510,000. Of this loan amount CAD$420,000 earns interest at the rate of 10% p.a.

October 28, 2025 07:01 ET

 | Source:

Invivyd

NEW HAVEN, Conn., Oct. 28, 2025 (GLOBE NEWSWIRE) --

WHAT: Invivyd, Inc. (Nasdaq: IVVD) is hosting the previously announced live webcast to present an overview of the company’s REVOLUTION clinical program, Invivyd’s development program for VYD2311, a vaccine-alternative monoclonal antibody candidate for the prevention of COVID. The session will feature key members of the Invivyd team.

WHEN: Thursday, October 30, 2025, at 8:30 a.m. ET

WHERE: Listeners are advised to join the webcast via the following link 15 minutes prior to the start time. A replay of the webcast will be available via the investor relations section of the company’s website approximately two hours after the conclusion of the call.

WHO:

Marc Elia, Chairman of Invivyd’s Board of DirectorsTim Lee, Chief Commercial OfficerRobert Allen, PhD, Chief Scientific OfficerMark Wingertzahn, PhD, Senior Vice President of Clinical Development WHY: The webcast will provide an overview and details of the trials that are part of the REVOLUTION clinical program.

About VYD2311

VYD2311 is a novel monoclonal antibody (mAb) candidate being developed for COVID-19 to continue to address the urgent need for new prophylactic and therapeutic options. The pharmacokinetic profile and antiviral potency of VYD2311 may offer the ability to deliver clinically meaningful titer levels through more patient-friendly means such as an intramuscular route of administration.

VYD2311 was engineered using Invivyd’s proprietary integrated technology platform and is the product of serial molecular evolution designed to generate an antibody optimized for neutralizing contemporary virus lineages. VYD2311 leverages the same antibody backbone as pemivibart, Invivyd’s investigational mAb granted emergency use authorization in the U.S. for the pre-exposure prophylaxis (PrEP) of symptomatic COVID-19 in certain immunocompromised patients, and adintrevimab, Invivyd’s investigational mAb that has a robust safety data package and demonstrated clinically meaningful results in global Phase 2/3 clinical trials for the prevention and treatment of COVID-19.

About Invivyd 

Invivyd, Inc. (Nasdaq: IVVD) is a biopharmaceutical company devoted to delivering protection from serious viral infectious diseases, beginning with SARS-CoV-2. Invivyd deploys a proprietary integrated technology platform unique in the industry designed to assess, monitor, develop, and adapt to create best in class antibodies. In March 2024, Invivyd received emergency use authorization (EUA) from the U.S. FDA for a monoclonal antibody (mAb) in its pipeline of innovative antibody candidates. Visit https://invivyd.com/ to learn more.

Trademarks are the property of their respective owners.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipates,” “believes,” “could,” “expects,” “estimates,” “intends,” “plans,” “potential,” “predicts,” “projects,” and “future” or similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements include statements concerning, among other things, plans related to the company’s research and development activities, and the timing and potential results thereof; expectations regarding the company’s clinical trials; the potential of VYD2311 as a novel mAb candidate that may be able to deliver clinically meaningful titer levels through more patient-friendly means; the company’s plan to share details about the REVOLUTION clinical program in a live webcast, and the timing thereof; the company’s devotion to delivering protection from serious viral infectious diseases, beginning with SARS-CoV-2; and other statements that are not historical fact. The company may not actually achieve the plans, intentions or expectations disclosed in the company’s forward-looking statements and you should not place undue reliance on the company’s forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the company’s actual results to differ materially from the results described in or implied by the forward-looking statements, including, without limitation: the timing, progress and results of the company’s discovery, preclinical and clinical development activities; the risk that results of nonclinical studies or clinical trials may not be predictive of future results, and interim data are subject to further analysis; unexpected safety or efficacy data observed during preclinical studies or clinical trials; the predictability of clinical success of the company’s product candidates based on neutralizing activity in nonclinical studies; whether the epitopes that VYD2311 and pemivibart target remain structurally intact; whether the company’s product candidates are able to demonstrate and sustain neutralizing activity against major SARS-CoV-2 variants, particularly in the face of viral evolution; changes in the regulatory environment; the outcome of the company’s engagement with regulators; uncertainties related to the regulatory approval process, and available development and regulatory pathways; the company’s ability to generate the data needed to support a potential Biologics License Application submission for VYD2311; how long the EUA granted by the FDA for a mAb in the company’s pipeline will remain in effect and whether the EUA is revised or revoked by the FDA; the ability to maintain a continued acceptable safety, tolerability and efficacy profile of any product candidate following regulatory authorization or approval; changes in expected or existing competition; the company’s reliance on third parties; complexities of manufacturing mAb therapies, and availability of quantities of commercial launch product in the future; macroeconomic and political uncertainties; the company’s ability to continue as a going concern; and whether the company has adequate funding to meet future operating expenses and capital expenditure requirements. Other factors that may cause the company’s actual results to differ materially from those expressed or implied in the forward-looking statements in this press release are described under the heading “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2024 and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, each filed with the Securities and Exchange Commission (SEC), and in the company’s other filings with the SEC, and in its future reports to be filed with the SEC and available at www.sec.gov. Forward-looking statements contained in this press release are made as of this date, and Invivyd undertakes no duty to update such information whether as a result of new information, future events or otherwise, except as required under applicable law.

This press release contains hyperlinks to information that is not deemed to be incorporated by reference in this press release.

Contacts:

Media Relations
(781) 208-0160
[email protected] 

Investor Relations
(781) 208-1747
[email protected] 

Key Highlights

Enhances scale with revenue of $7.7 billion and Adjusted EBITDA of $2.1 billion1
Combines complementary product and technology portfolios and world-class engineering capabilities, creating R&D scale to deliver innovative RF solutions
Creates $5.1 billion mobile business positioned to address rising RF complexity
Establishes $2.6 billion diversified Broad Markets platform with a growing and profitable TAM across defense & aerospace, edge IoT, AI data center and automotive markets
Advances U.S. manufacturing position and improves factory utilization across manufacturing footprint
Immediately and meaningfully accretive to non-GAAP EPS post-close, with $500 million or more of annual cost synergies within 24-36 months post-close when the companies are fully integrated
Phil Brace will serve as chief executive officer of the combined company; Bob Bruggeworth will join the Board of Directors of the combined company
IRVINE, Calif. and GREENSBORO, N.C., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Skyworks (Nasdaq: SWKS), a global leader in high-performance analog and mixed-signal semiconductors, and Qorvo (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced that they have entered into a definitive agreement to combine the two companies in a cash-and-stock transaction that values the combined enterprise at approximately $22 billion2 to create a U.S.-based, global leader in high-performance radio frequency (RF), analog and mixed-signal semiconductors.

“This combination marks an important milestone for our industry and for Skyworks,” said Phil Brace, chief executive officer and president of Skyworks. “Combining Skyworks’ and Qorvo’s complementary portfolios and world-class engineering teams will strengthen our ability to meet growing customer demand across mobile and diversified Broad Markets. With enhanced scale, a more diversified customer base and operational synergies, we can bring even greater innovation to our customers and sustainable value to our shareholders.”

“Qorvo and Skyworks share a culture of innovation and a commitment to solving our customers’ most complex challenges,” said Bob Bruggeworth, chief executive officer and president of Qorvo. “Together with Skyworks, we can accelerate innovation and deliver broader and more comprehensive solutions across numerous growth areas. We are excited to leverage the combined strengths of our teams and product and technology portfolios to build on our capabilities in Mobile and significantly expand our presence in defense and aerospace, edge IoT, AI data center, automotive and other industries powered by secular growth trends.”

Strategic Rationale and Transaction Highlights

The transaction is expected to deliver significant long-term value for customers, employees, and shareholders.

Enhanced Scale and Financial Profile: With combined pro forma revenue of approximately $7.7 billion and Adjusted EBITDA of $2.1 billion3, the combined company will be better positioned to compete against larger players – supported by a stronger, more balanced revenue base that enables more predictable performance, a more efficient cost structure and resilient cash generation through cycles.
Stronger Innovation Pipeline: The combination creates an innovative global RF, analog and power technology company that can provide customers with more highly integrated, complete solutions, as well as a broad range of products and technologies. The combined company will bring together world-class engineering talent, including approximately 8,000 engineers and technical experts, and over 12,000 issued and pending patents, enabling faster development of advanced, system-level solutions and unlocking new design-win opportunities to meet growing customer demand.
Creates $5.1 Billion Mobile Business: The combination brings together complementary RF technologies and best-in-class products, expanding opportunities in Mobile while driving greater revenue stability. The broader portfolio will enhance our competitiveness across platforms, deepen customer integration and diversify our technology base – while strengthening our position to address rising RF complexity.
Establishes $2.6 Billion Diversified Broad Markets Platform: The transaction creates a $2.6 billion Broad Markets platform with a growing and profitable TAM across defense & aerospace, edge IoT, AI data center and automotive markets. These markets are characterized by attractive secular growth trends, long product life cycles and favorable gross margins.
Advances Domestic Manufacturing Position and Improves Utilization: The combined company will strengthen its domestic production capacity and enhance its capital efficiency, supported by a robust network of supply chain partners to meet the needs of high-volume and highly specialized customers.
Immediately and Meaningfully Accretive: The transaction is expected to be immediately and meaningfully accretive to non-GAAP EPS post-close, with $500 million or more of annual cost synergies within 24-36 months post-close when the companies are fully integrated.
Transaction Details

Under the terms of the agreement, Qorvo shareholders will receive $32.50 in cash and 0.960 of a Skyworks common share for each Qorvo share held at the close of the transaction, which implies a combined enterprise value of approximately $22 billion4.

Upon closing, Skyworks shareholders will own approximately 63 percent of the combined company, while Qorvo shareholders will own approximately 37 percent, on a fully-diluted basis. Phil Brace will serve as chief executive officer of the combined company; Bob Bruggeworth will join the Board of Directors of the combined company. The combined company's Board of Directors will comprise 11 directors, eight from Skyworks and three from Qorvo.

Skyworks plans to fund the cash portion of the transaction using a combination of cash on hand and additional financing. Skyworks has obtained debt financing commitments from Goldman Sachs Bank USA. The transaction is not subject to any financing conditions. The combined company's net leverage at closing is expected to be approximately 1.0x last-twelve-month Adjusted EBITDA5. This favorable capital structure will allow for continued investments in the business to drive shareholder value.

Timing and Approvals

The Boards of Directors of both companies have unanimously approved the transaction, which is expected to close in early calendar year 2027, subject to the receipt of required regulatory approvals, approval of Skyworks shareholders and Qorvo shareholders and the satisfaction of other customary closing conditions. Starboard Value LP, an approximately 8 percent6 shareholder of Qorvo, has signed a voting agreement in support of the transaction.

Preliminary Financial Results

In a separate press release issued today, Skyworks announced preliminary financial results for its fourth quarter and full fiscal 2025. Skyworks’ preliminary results press release is available on the investor relations section of Skyworks’ website at https://investors.skyworksinc.com/events-presentations. As planned, Skyworks will issue a press release and host a conference call with analysts to share its full fourth quarter financial results on November 4, 2025.

Also, in a separate press release issued today, Qorvo announced preliminary results for its fiscal 2026 second quarter. The press release can be accessed at: https://ir.qorvo.com (under “Financial Releases”). Qorvo will announce fiscal 2026 second quarter financial results and host a conference call on November 3, 2025.  

Conference Call Information

Skyworks and Qorvo will host a joint conference call today at 8:00 a.m. EDT to discuss the proposed transaction. Investors can register to participate in the conference call at https://www.skyworksinc.com/Press/20251028-Conference-Call. To listen to the live call and access the presentation materials, please visit Skyworks’ website at https://investors.skyworksinc.com/events-presentations or Qorvo’s website at ir.qorvo.com. A recording of the call will also be available on both companies’ websites today at 11 a.m. EDT.

Advisors

Qatalyst Partners and Goldman Sachs & Co. LLC are serving as financial advisors to Skyworks; Skadden, Arps, Slate, Meagher & Flom LLP is serving as Skyworks’ legal advisor and FGS Global is serving as Skyworks’ strategic communications advisor.

Centerview Partners LLC is serving as exclusive financial advisor to Qorvo; Davis Polk & Wardwell LLP is serving as Qorvo’s legal advisor; and Joele Frank, Wilkinson Brimmer Katcher is serving as Qorvo’s strategic communications advisor.

About Skyworks

Skyworks Solutions, Inc. is empowering the wireless networking revolution. We are a leading developer, manufacturer and provider of analog and mixed-signal semiconductors and solutions for numerous applications, including aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet and wearables.

Skyworks is a global company with engineering, marketing, operations, sales and support facilities located throughout Asia, Europe and North America and is a member of the S&P 500® market index (Nasdaq: SWKS). For more information, please visit Skyworks’ website at: www.skyworksinc.com.

About Qorvo

Qorvo (Nasdaq: QRVO) supplies innovative semiconductor solutions that make a better world possible. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers' most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including automotive, consumer, defense & aerospace, industrial & enterprise, infrastructure and mobile. Visit www.qorvo.com to learn how our diverse and innovative team is helping connect, protect and power our planet.

Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners.

Important Information About the Proposed Transaction and Where to Find It

In connection with the Mergers, Skyworks intends to file with the SEC a registration statement on Form S-4 (the “Registration Statement”), which will include a prospectus with respect to the shares of Skyworks’ common stock to be issued in the Mergers and a joint proxy statement for Skyworks’ and Qorvo’s respective stockholders (the “Joint Proxy Statement/Prospectus”). The definitive joint proxy statement (if and when available) will be mailed to stockholders of Skyworks and Qorvo. Each of Skyworks and Qorvo may also file with or furnish to the SEC other relevant documents regarding the Mergers. This communication is not a substitute for the Registration Statement, the Joint Proxy Statement/Prospectus or any other document that Skyworks or Qorvo may mail to their respective stockholders in connection with the Mergers.

INVESTORS AND SECURITY HOLDERS OF SKYWORKS AND QORVO ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT WHEN THEY BECOME AVAILABLE, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE MERGERS OR INCORPORATED BY REFERENCE INTO THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING SKYWORKS, QORVO, THE MERGERS AND RELATED MATTERS.

The documents filed by Skyworks with the SEC also may be obtained free of charge at Skyworks’ website at https://www.skyworksinc.com/investors or upon written request to Skyworks at [email protected]. The documents filed by Qorvo with the SEC also may be obtained free of charge at Qorvo’s website at https://ir.qorvo.com/ or upon written request to Qorvo at [email protected]. These documents filed with the SEC are also available for free to the public at the website maintained by the SEC at www.sec.gov.

Participants in the Solicitation

Skyworks, Qorvo and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Skyworks and Qorvo in connection with the Mergers under the rules of the SEC.

Information about the interests of the directors and executive officers of Skyworks and Qorvo and other persons who may be deemed to be participants in the solicitation of stockholders of Skyworks and Qorvo in connection with the Mergers and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the Joint Proxy Statement/Prospectus, which will be filed with the SEC.

Information about Skyworks’ directors and executive officers and their ownership of Skyworks’ common stock is set forth in Skyworks’ proxy statement for its 2025 Annual Meeting of Stockholders on Schedule 14A filed with the SEC on March 28, 2025. To the extent that holdings of Skyworks’ securities have changed since the amounts printed in Skyworks’ proxy statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 and Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC.

Information about Qorvo’s directors and executive officers and their ownership of Qorvo’s common stock is set forth in Qorvo’s proxy statement for its 2025 Annual Meeting of Stockholders on Schedule 14A filed with the SEC on June 26, 2025. To the extent that holdings of Qorvo’s securities have changed since the amounts printed in Qorvo’s proxy statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 and Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC.

Additional information regarding the direct and indirect interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus regarding the proposed transaction when it becomes available. Free copies of these documents may be obtained as described above.

No Offer or Solicitation

This communication is for informational purposes only and does not constitute, or form a part of, an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.

Cautionary Statement Regarding Forward-Looking Statements

This document contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Skyworks’ and Qorvo’s current expectations, estimates and projections about the expected date of closing of the proposed transaction and the potential benefits thereof, their respective businesses and industries, management’s beliefs and certain assumptions made by Skyworks and Qorvo, all of which are subject to change. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “expect,” “target,” similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control and are not guarantees of future results, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. These and other forward-looking statements, including the failure to consummate the proposed transaction or to make or take any filing or other action required to consummate the transaction on a timely matter or at all, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: (i) the completion of the proposed transaction on anticipated terms and timing, including obtaining shareholder and regulatory approvals, anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies, expansion and growth of Skyworks’ and Qorvo’s businesses and other conditions to the completion of the proposed transaction; (ii) failure to realize the anticipated benefits of the proposed transaction, including as a result of delay in completing the transaction or integrating the businesses of Skyworks and Qorvo; (iii) Skyworks’ and Qorvo’s ability to implement their business strategies; (iv) pricing trends; (v) potential litigation relating to the proposed transaction that could be instituted against Skyworks, Qorvo or their respective directors; (vi) the risk that disruptions from the proposed transaction will harm Skyworks’ or Qorvo’s business, including current plans and operations; (vii) the ability of Skyworks or Qorvo to retain and hire key personnel; (viii) potential adverse reactions or changes to business relationships resulting from the announcement, pendency or completion of the proposed transaction; (ix) uncertainty as to the long-term value of Skyworks’ common stock; (x) legislative, regulatory and economic developments affecting Skyworks’ and Qorvo’s businesses; (xi) general economic and market developments and conditions; (xii) the evolving legal, regulatory and tax regimes under which Skyworks and Qorvo operate; (xiii) potential business uncertainty, including changes to existing business relationships, during the pendency of the proposed transaction that could affect Skyworks’ or Qorvo’s financial performance; (xiv) restrictions during the pendency of the proposed transaction that may impact Skyworks’ or Qorvo’s ability to pursue certain business opportunities or strategic transactions; (xv) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Skyworks’ and Qorvo’s response to any of the aforementioned factors; and (xvi) failure to receive the approval of the stockholders of Skyworks and Qorvo. These risks, as well as other risks associated with the proposed transaction, are more fully discussed in the proxy statement/prospectus to be filed with the U.S. Securities and Exchange Commission in connection with the proposed transaction. While the list of factors presented here is, and the list of factors presented in the proxy statement/prospectus will be, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Skyworks’ or Qorvo’s consolidated financial condition, results of operations or liquidity. Neither Skyworks nor Qorvo assumes any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

Non-GAAP Financial Measures

This communication also includes references to financial measures that are calculated and presented on the basis of methodologies other than in accordance with generally accepted accounting principles in the United States of America (“GAAP”). These non-GAAP financial measures include, but are not limited to, adjusted EBITDA and adjusted EBITDA margin, non-GAAP gross profit and gross margin, non-GAAP operating income and operating margin, non-GAAP net income, non-GAAP diluted earnings per share, and non-GAAP free cash flow and free cash flow margin. Adjusted EBITDA is calculated by adding to non-GAAP operating income, depreciation and amortization. Non-GAAP gross profit is calculated by excluding from GAAP gross profit, share-based compensation expense, amortization of acquisition-related intangibles, settlements, gains, losses, and impairments, and restructuring and other charges. Non-GAAP operating income is calculated by excluding from GAAP operating income, share-based compensation expense, acquisition-related expenses, amortization of acquisition-related intangibles, settlements, gains, losses, and impairments, and restructuring-related charges. Non-GAAP net income and diluted earnings per share is calculated by excluding from GAAP net income and diluted earnings per share, share-based compensation expense, acquisition-related expenses, amortization of acquisition-related intangibles, settlements, gains, losses, and impairments, restructuring-related charges, and certain tax items. Non-GAAP free cash flow is calculated by deducting capital expenditures from GAAP net cash provided by operating activities. Any non-GAAP financial measures used in this presentation are in addition to, and should not be considered superior to, or a substitute for, financial statements prepared in accordance with GAAP. Non-GAAP financial measures should not be considered in isolation or as an alternative to financial statements prepared in accordance with GAAP and are subject to significant inherent limitations. The non-GAAP measures presented herein may not be comparable to similar non-GAAP measures presented by other companies. These non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income items are excluded or included in determining these non-GAAP financial measures.

___________________

1 Figures reflect LTM as of June 30, 2025.
2 Represents combined enterprise value as of the market close October 27, 2025.
3 Figures reflect LTM as of June 30, 2025.
4 Represents combined enterprise value as of the market close October 27, 2025.
5 Based on Pro Forma LTM Non-GAAP EBITDA at closing excluding synergies.
6 As of October 24, 2025.  

October 28, 2025 7:01 AM EDT | Source: Thermal Energy International Inc.
Ottawa, Ontario--(Newsfile Corp. - October 28, 2025) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today reported its financial results for the first quarter ended August 31, 2025. All figures are in Canadian dollars.

Q1 2026 Highlights:

(Compared to Q1 2025)

Order intake increased 323% to $11.9 million.Order backlogi at quarter end increased 37% to $18.5 million, growing to $20.8 million by October 27, 2025.Revenue decreased 19% to $6.9 million but was 32% higher than Q1 2024 and 119% higher than Q1 2023. Remained profitable with Adjusted EBITDAii of $350 thousand and net income of $166 thousand. Repaid $130 thousand in long term debt (remaining balance of only $200 thousand at quarter end). Overview

"Our order intake was the highest amount ever achieved in our fiscal first quarter period and drove our order backlog up 37% year-over-year," said William Crossland, Thermal Energy CEO. "The increased order activity was seen across the business, including turnkey heat recovery and custom equipment, and included orders from customers spanning several sectors. However, as we indicated last quarter, the majority of the revenue from the orders received in the first quarter is expected to be earned in the second half of the fiscal year, and so we are expecting overall revenues in fiscal 2026 to be more heavily weighted towards the back half of the year."

"While our revenue was down in the quarter, compared to the abnormally strong and record first quarter revenue we had a year ago, Q1 revenue this year is still 32% higher than Q1 2024 and 119% higher than Q1 2023, so the longer-term trend still remains very positive. And importantly, we remained profitable, continued to generate strong operating cashflow (before changes in working capital items), and repaid a further $130 thousand in bank debt. Since the end of fiscal 2022, we have repaid $3.7 million in acquisition and COVID-related debt, with the remaining balance scheduled to be fully repaid by January 2026. With our growing order backlog and strong balance sheet, we are well positioned for both the balance of the fiscal year and our future growth."

Summary Financial Results

In thousand except % 
dataThree months 
ended
Aug. 31, 2025Three months 
ended
Aug. 31, 2024Trailing twelve 
months ended
Aug. 31, 2025Trailing twelve 
months ended
Aug. 31, 2024Revenue$6,850$8,469$28,161$29,166Gross profit$3,189$3,525$12,008$13,210Gross margin47%42%43%45%Operating expenses$2,872$3,079$11,325$11,420Net income $166$309$15$1,130Adjusted EBITDAiii$350$553$850$2,127Cash position $4,289$5,048

Working capital $2,743$3,799

Orders received$11,858$2,801$30,833$28,957Order backlogiv  as of August 31$18,506$13,549

Financial Review for the First Quarter Ended August 31, 2025

First quarter revenue decreased 19% year-over-year to $6.8 million mainly due to lower revenues from heat recovery projects, partially offset by higher revenues from equipment sales including GEM traps and economizers. Gross profit for the quarter decreased by 9.5% to $3.2 million while gross margin improved approximately 500 basis points, mainly due to lower revenues from heat recovery projects.

Operating expenses were $207 thousand lower than the same quarter a year earlier, mainly due to the favourable change in foreign exchange of $233 thousand. R&D expense increased by $45 thousand due to higher R&D activities conducted in the quarter.

The Company had Adjusted EBITDA of $350 thousand and net income of $166 thousand, compared to Adjusted EBITDA of $553 thousand and net income of $309 thousand in the first quarter a year earlier.

At the end of August 31, cash and working capital balances were approximately $4.3 million and $2.7 million, respectively.

Business Outlook and Order Summary

Orders received ("Order Intake") during the first quarter totalled $11.9 million, which was the highest order intake for any first quarter in the history of the Company, more than four times the order intake achieved in the first quarter a year ago and more than double the previous Q1 record. A list and description of recent order highlights is available on page 13 and 14 of the Management's Discussion and Analysis filed today.

The Company ended the quarter with an order backlog of $18.5 million, up 37% from a year earlier. The Company received $2.3 million in new orders subsequent to the quarter end, bringing the current order backlog to $20.8 million as of October 27, 2025.

Full financial results including Management's Discussion and Analysis and accompanying notes to the financial results are available on www.sedarplus.ca and investors-thermalenergy.com/en/financial-overview.

Notice of Earnings Call and Webcast

Thermal Energy will host an earnings call and webcast today, October 28, at 8:30 am ET. A question-and-answer session will follow management's prepared remarks, at which time qualified equity analysts will be able to submit questions via the webcast.

The live webcast with slide presentation will be available at https://tinyurl.com/ybk2yynx. You may join the webcast via MS Teams on your computer, mobile app or room device. Please join the webcast approximately 15 minutes prior to the earnings call to ensure adequate time for registration and admittance to the webcast.

For more information, including dial-in information, refer to the Company's press release from October 15, 2025.

Readers are encouraged to subscribe to TEI News to receive strategic news and updates directly to their inbox.

Notes to editors

About Thermal Energy International Inc.

Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to Fortune 500 and other large multinational companies. We save our customers money by reducing their fuel use and cutting their carbon emissions. Thermal Energy's proprietary and proven solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations while delivering a high return on investment with a short, compelling payback.

Thermal Energy is a fully accredited professional engineering firm with engineering offices in Ottawa, Canada, Pittsburgh, USA, as well as Bristol, UK, with sales offices in Canada, UK, USA, Germany, Poland, France, and Italy. By providing a unique mix of proprietary products together with process, energy, and environmental engineering expertise, Thermal Energy can deliver unique, site-specific turnkey and custom engineered solutions with significant financial and environmental benefits for our customers.

Thermal Energy's common shares are traded on the TSX Venture Exchange (TSX-V) under the symbol TMG and on the OTCQB under the symbol TMGEF. For more information, visit our investor website at https://investors-thermalenergy.com or company website at www.thermalenergy.com and follow us on Twitter at https://twitter.com/GoThermalEnergy.

Forward-Looking Statements

This press release contains forward-looking statements relating to, and amongst other things, based on management's expectations, estimates and projections, the anticipated effectiveness of the Company's products and services, the timing of revenues to be received by the Company, the expectation that orders in backlog will become revenue, the anticipated benefits of the Company's current efforts at training and business improvement efforts, opportunities for growth, the Company's belief that it can capitalize on opportunities, the size of markets and opportunities open to the Company and the impact of investments that the Company has made on the Company's ability to scale. Information as to the amount of heat recovered, energy savings and payback period associated with Thermal Energy International's products are based on the Company's own testing and average customer results to date. Statements relating to the expected installation and revenue recognition for projects, statements about the anticipated effectiveness and lifespan of the Company's products, statements about the expected environmental effects and cost savings associated with the Company's products and statements about the Company's ability to cross-sell its products and sell to more sites are forward looking statements. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, some of which are outside of the Company's control, could cause events and results to differ materially from those stated. Fulfilment of orders, installation of product and activation of product could all be delayed for a number of reasons, some of which are outside of the Company's control, which would result in anticipated revenues from such projects being delayed or in the most serious cases eliminated. Actions taken by the Company's customers and factors inherent in the customer's facilities but not anticipated by the Company can have a negative impact on the expected effectiveness and lifespan of the Company's products and on the expected environmental effects and cost savings expected from the Company's products. Any customer's willingness to purchase additional products from the Company and whether orders in the Company's backlog as described above will turn into revenue is dependent on many factors, some of which are outside of the Company's control, including but not limited to the customer's perceived needs and the continuing financial viability of the customer. Volatility with respect to tariffs and trade regulation may continue and may impact the Company in ways not currently anticipated. The Company disclaims any obligation to publicly update or revise any such statements except as required by law. Readers are referred to the risk factors associated with the Company's business as described in the Company's most recent Management's Discussion and Analysis available at www.sedarplus.ca.

Non-IFRS Financial Measures

The Company believes the following non-IFRS financial measures provide useful information to both management and investors to better understand the financial performance and financial position of the Company.

EBITDA and Adjusted EBITDA

Management believes that EBITDA (earnings before interest, taxation, depreciation and amortization) and Adjusted EBITDA (EBITDA plus share-based compensation expense) are useful performance measures. The Adjusted EBITDA approximates cash generated from operations, before tax, capital expenditures and changes in working capital. Adjusted EBITDA also assists comparison among companies as it eliminates the differences in earnings due to how a company is financed. EBITDA and Adjusted EBITDA do not have a standardized meaning prescribed by International Financial Reporting Standards ("IFRS") and therefore may not be comparable to similar measures presented by other companies. There is no direct comparable IFRS measure for EBITDA or Adjusted EBITDA.

A reconciliation of net income to EBITDA and Adjusted EBITDA is shown below.

Three months ended
August 31, 
2025
$August 31, 
2024
$Total net income attributable to owners of the parent146,746278,290Total net income attributable to non-controlling interest18,97631,182Interest charge31,23087,295Interest revenue(5,921)(31,199)Income tax expense19,30518,342Depreciation and amortization78,204103,425EBITDA288,540487,335Share based compensation61,63865,306Adjusted EBITDA350,178552,641Order Backlog

Order backlog is a useful performance measure that Management uses as an indicator of the short-term future revenue of our Company resulting from already recognized orders. The Company includes in "order backlog" any purchase orders that have been received by the Company but have not yet been reflected as revenue in the Company's published financial statements. It is important to note that once an order or partial order is recorded as revenue, the order backlog is reduced by the amount of the newly reported revenue. Order backlog does not have a standardized meaning prescribed by International Financial Reporting Standards and therefore may not be comparable to similar measures presented by other companies.

For additional details on non-IFRS financial measures, please refer to the Company's most recent Management's Discussion and Analysis available at www.sedarplus.ca for more details about these non-IFRS financial measures.

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

i Order backlog represents any purchase orders that have been received by the Company but have not yet been reflected as revenue in the Company's published financial statements. See note below about non-IFRS measures.
ii Adjusted EBITDA represents earnings before interest, taxation, depreciation, amortization, and share-based compensation expense. See note below about non-IFRS measures.
iii Adjusted EBITDA represents earnings before interest, taxation, depreciation, amortization, and share-based compensation expense.
iv Order backlog represents any purchase orders that have been received by the Company but have not yet been reflected as revenue in the Company's published financial statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272160

Online home goods company Wayfair reported a jump in third-quarter revenue on Tuesday, as it beat Wall Street estimates on the top and bottom lines.

The company said total net revenue increased 8.1% year-over-year.

Here's how the company performed in its third quarter, compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

Earnings per share: 70 cents adjusted vs. 43 cents expectedRevenue: $3.12 billion vs. $3.02 billion expectedWayfair shares climbed 10% in premarket trading.

For the period ended Sept. 30, Wayfair reported a net loss of $99 million, or 76 cents per share, compared to a loss of $74 million, or 60 cents per share, the year prior.

The company's U.S. revenue rose 8.6% year over year to $2.7 billion, while international revenue climbed 4.6% year over year to $389 million. Wayfair said its total net revenue excluding its Germany exit jumped 9% year over year.

CFO Kate Gulliver told CNBC that the company doesn't credit the growth to any macro-related factors like tariffs or interest rates.

"We think it's really being driven by our share gain, and that, we believe is really coming from a confluence of factors and initiatives that we started over a year ago that are now starting to bear fruit," Gulliver said.

Those initiatives include what Gulliver calls the company's "core recipe" – price, product availability and speed – in addition to growth from its loyalty program, site improvement and physical retail.

Though tariff policy has created uncertainty for the company, she said it has been able to lean on the strength of its model: operating as a marketplace on the back end and as a retailer on the front end.

CEO Niraj Shah added in the earnings release that the company's delivered orders for the quarter grew 5% year-over-year.

"Our 6.7% Adjusted EBITDA margin marks the highest level achieved in Wayfair's history outside of the pandemic period," Shah said in the release. "As we've promised, substantial profitability flow through is powered by a strong contribution margin and fixed cost discipline as our business has returned to growth."

Wayfair said its active customers totaled 21.2 million at the end of the quarter, a 2.3% decrease year over year.

Leading fashion e-commerce retailer taps Oracle's AI-enabled Retail solutions to enhance its merchandise financial planning and support international growth

, /PRNewswire/ -- Premium fashion e-commerce retailer Answear.com is modernizing its planning processes with Oracle Retail Merchandise Financial Planning and Oracle Retail AI Foundation. With the automated platform, the retailer will now have the tools and intelligence to better manage the complexities of its multi-brand, multi-country operations, adjust to the diverse fashion trends across markets, and support its continued international expansion.

Answear.com is an online store operating in 12 European markets with over 200,000 selected premium products and limited collections from over 700 high-end global brands.

"Our rapid expansion into international markets, coupled with a growing assortment of brands and product groups, demanded a more sophisticated planning solution," said Magdalena Dąbrowska, Board Member, Answear.com. "Oracle's Retail Cloud solutions provide the flexibility and scalability we need to optimize our planning processes, react quickly to customer trends, and ultimately deliver a better product offering to our customers."

Operating on a modern retail merchandising platform will help enable Answear.com to increase planning precision through better accounting for seasonality, old stock, and e-commerce specific performance indicators such as customer traffic. The platform will also provide the retailer with the intelligence needed to help reduce markdowns by better aligning product offerings with customer demand and minimizing end-of-season stock through enhanced inventory management and forecasting.

The implementation was led by Oracle Retail partner Spyrosoft.

"It was truly exciting to work on a project for such a renowned and fast-growing company," said Łukasz Szała, principal, Oracle Retail Planning, Spyrosoft. "Answear.com has an excellent planning team with a clear vision for the future and a strong track record of success, with Oracle solutions aligning seamlessly with their goals."

"With Oracle's cloud-based retail platform and AI Foundation, Answear.com can strengthen its move from product-centric to customer-focused planning," said Alex Alt, executive vice president and general manager, Oracle Consumer Industries. "This transformation can help drive more profitable inventory investments that foster customer affinity, while reducing costly markdown and overstock challenges." 

Learn more about Oracle market leading assortment planning solutions at: https://www.oracle.com/retail/planning-optimization/ 

About Answear.com 
Answear.com is a place where fashion and lifestyle meet in the most inspiring way. Operating in 12 European markets, the online store offers an incredible selection of over 500 global brands - from classic style icons such as Michael Kors, Calvin Klein, Furla or Polo Ralph Lauren to modern, designer proposals from All Saints, Victoria Beckham, Tory Burch or Swarovski. With Answear.com you discover fashion anew, creating styles that reflect your personality.

Beyond fashion, Answear.com offers designer home decor to help bring personal style into living spaces. The HOME section is a creative hub filled with carefully curated decorations, accessories, and unique gift ideas.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.

Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

SOURCE Oracle

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October 28, 2025 7:05 AM EDT | Source: Conquest Resources Limited
Toronto, Ontario--(Newsfile Corp. - October 28, 2025) - Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") announces that it is reviewing data on its 100% owned Ontario gold projects for potential upcoming winter exploration, sale, options or joint ventures.

In addition to its 100% properties, the Company also holds a 70% stake in the King Bay Project located in northwestern Ontario.

The Company has been focused on its Belfast-Teck Mag Project where it has been evaluating VMS and IOCG mineralization. The former producing Golden Rose Mine is located within the 350sqkm Belfast-Teck Mag Project.

The Golden Rose Mine produced 45,414 ounces of gold between 1935 and 1941 after development by Cominco. Gold occurs in quartz fractures and veining with pyrite within two banded iron formations. There are over 6km of underground development, a three compartment shaft 228m deep, a decline ramp to the 6th level and a winze connecting the 6th and 7th levels.

The Smith Lake Property consists of 181 staked mining claims and 6 patented claims located in Leeson, Stover and Rennie Townships in the Missinabie region of Northern Ontario. It is adjacent and contiguous with the former Renabie Mine owned by Barrick Gold to the east and the Island Gold Mine Project owned by Alamos Gold to the west. Grab samples from previous overburden stripping of the Campbell vein returned values in excess of 10g/t Au.

The Alexander Gold Project consists of 27 patented mining claims covering 448 hectares in Balmer Township adjacent to the producing Campbell Red Lake Mine. Drilling by Goldcorp in 2008 intersected 4.97g/t Au over 1.82m including 14.25g/t over .61m and 12,67g/t over 1m. The Property is located on the "Mine Trend" and hosts favorable geology untested at depth.

Qualified Person

The technical content of this News Release has been reviewed and approved by Joerg Kleinboeck, P.Geo., a qualified person as defined in NI 43-101.

ABOUT CONQUEST

Conquest Resources Limited, incorporated in 1945, is a mineral exploration company that is exploring for base metals and gold on mineral properties in Ontario.

Conquest holds a 100% interest in the Belfast-TeckMag Project, located in the Temagami Mining Camp at Emerald Lake, Ontario, which is believed to have exceptional exploration upside for magmatic sulphide deposits (Cu-Ni-PGE), VMS, IOCG, Iron formation hosted Au and Paleo-placer Au.

The Belfast-TeckMag Project is the Company's flagship property, evolved from the Golden Rose Project, which was initially acquired in December 2017, and significantly augmented through the acquisition of Canadian Continental Exploration Corp. ("CCEC") in 2020 and subsequent additional claim staking and purchases in its adjacent Belfast Copper Project and TeckMag Property.

Conquest now controls over 300 square kilometers of underexplored territory in the Temagami Mining Camp, including the past producing Golden Rose Mine at Emerald Lake.

Conquest also holds a 100% interest in the Alexander Gold Property located immediately east of the Red Lake and Campbell mines in the heart of the Red Lake Gold Camp along the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Evolution Mining landholdings.

In addition, the Company holds interests in the Smith Lake Gold Property and Lake Nipigon Basin Property.

FOR FURTHER INFORMATION CONTACT:

Forward-looking statements: This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the Company's expectations, plans, exploration activities, proposed expenditures, potential mineralization, and the timing and content of upcoming work programs. Forward-looking information can often be identified by words such as "anticipates", "believes", "expects", "intends", "plans", "estimates", "may", "will", "should", and similar expressions suggesting future outcomes or events. These statements are based on current expectations and assumptions that involve a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such statements. Such risks include but are not limited to: exploration results not being indicative of future results; variations in mineral grade or recovery rates; delays or failures in obtaining necessary permits; changes in commodity prices, capital market conditions, and general economic conditions. Although the Company believes the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that these expectations will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to update or revise forward-looking information, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272130

Nakamoto CEO David Bailey has forecasted a strong recovery for Bitcoin, tipping the largest cryptocurrency by market capitalization to close the year at $145,000. While several entities have predicted a strong end to 2025, a steep market crash in October has doused enthusiasm as claims of an extended bear rally deepen.

Official Trump Coin’s explosive rally has shaken up the crypto leaderboard as prices blasted to $8.02, then settled near $6.77. As a trader, seeing this much volatility in a single day is both thrilling and instructive. The TRUMP coin price has now gained over 15% in a week, defying sector weakness and putting technical breakout levels in focus for everyone watching the charts. 

The price is now hovering around critical resistance zones while technical indicators blink red. The question on my mind is whether this run still has steam, or if a sharp correction is waiting in the wings. Join me as I explore the potential price targets in this in-depth analysis

TRUMP Price AnalysisTrump Coin’s latest price surge punched through two ceilings, the 7-day SMA at $6.12 and the 23.6% Fibonacci retracement at $6.79. Short-term technicals look undeniably bullish, the MACD histogram just flipped positive, and the RSI-7 sits at a frothy 76.8. This tells me momentum is fierce, but profit-takers could step in at any sign of weakness.

Right now, the numbers on my radar are as follows:

Immediate support is anchored at $6.79, with a deeper line at $6.12. If either fails, expect a move to $5.59.Bulls are eyeing a return to $7.50 and $8.02 as near-term resistance targets. Sustained closes above these would flag new highs in the making.With the price hugging the upper Bollinger Band and a 24-hour span between $6.18 and $8.02, volatility is through the roof. Successively, wide swings are probably here to stay until technical exhaustion or reversal sets in.I’d sum up the setup as a classic momentum breakout, but one that’s getting long. If $6.79 holds as a launchpad, bulls have an opening to re-test $8+ quickly. If not, the overbought warnings could see a sharp slide toward the $6–$5.50 region as traders ring the register.

FAQsWhat price levels matter for TRUMP coin now?

Keeping a close eye on $6.79 as support and $7.50–$8.02 as resistance is key. Losing $6.79 could invite a correction, while breaking out above $8.02 might open doors to fresh highs.​

Is the current rally losing steam?

Short-term RSI and MACD remain bullish, but overbought signals are flashing. The longer TRUMP hovers above $6.79, the likelier the trend can extend.​

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Four altcoin exchange-traded funds (ETFs) begin trading on Oct. 28, marking the first wave of non-Bitcoin, non-Ethereum spot crypto ETFs in the US and potentially catalyzing rotation into altcoin after months of consolidation.

Bloomberg senior ETF analyst Eric Balchunas confirmed that NYSE and Nasdaq posted listing notices for the Bitwise Solana Staking ETF. A few hours later, Bitwise confirmed that BSOL trading starts on Oct. 28.

Additionally, Grayscale’s Solana ETF will convert the following day. Balchunas stated:

“Assuming there’s not some last-minute SEC intervention, looks like this is happening.”

Canary Capital CEO Steven McClurg told journalist Eleanor Terrett that the firm’s spot HBAR and LTC ETFs are effective and will begin trading on Nasdaq.

According to Terrett’s report, McClurg said:

“Litecoin and Hedera are the next two token ETFs to go effective after Ethereum. We look forward to launching tomorrow.”

Multicoin Capital partner Kyle Samani first disclosed the launch date of the Bitwise SOL staking ETF in a now-deleted Oct. 27 post.

Reports following Samani’s publication stated that the NYSE had confirmed the Bitwise Solana Staking ETF had received trading clearance.

Infrastructure built for institutional momentThomas Uhm, chief commercial officer at Jito, said the approvals validate months of operational groundwork.

In a note, he stated:

“We’ve been sitting on the precipice of this moment, and I’m immensely proud we’re finally here. The approval of staked Solana ETFs is a significant step for institutional access to crypto.”

He added that this validates the infrastructure work Jito has been doing to integrate with qualified custodians, build liquidity across exchanges and OTC markets, and address regulatory, tax, and accounting issues institutions face.

Jito’s JitoSOL liquid staking token (LST) operates inside REX’s SSK product and is the only Solana LST with a full LST ETF application from VanEck.

Uhm emphasized relationship-building with authorized participants and market makers:

“We’ve built relationships with the largest authorized participants, liquidity providers, and market makers in the world. Business is about relationships, and we’ve been in the rooms that matter for ETF issuers and users to help them understand what liquid staking can do within these structures.”

The staking component differentiates Solana products from Ethereum spot ETFs, which launched in July 2024 without staking features due to regulatory concerns.

Uhm positioned the approval as a starting point rather than a conclusion, mentioning works with “tier 1” investment banks on products related to these ETFs and relationships with major hedge funds.

The Oct. 28 launches follow months of issuer applications and SEC review.

The expansion from Ethereum into other altcoins tests whether institutional demand extends beyond the two largest cryptocurrencies and whether regulated products can absorb supply without triggering the volatility that characterized previous altcoin rallies.

Mentioned in this article

Summary

In summaryMulti-timeframe BNB AnalysisKey levelsTrading scenarios — BNB AnalysisBullish scenario (main)Bearish scenarioNeutral scenarioMarket contextEcosystemRecent newsDisclaimer
In summary

Bullish D1 above 20/50/200 EMA; structure positive but cautious.
RSI at 52.52 → mild bullish tilt, buyers present but not dominant.
MACD hist -5.86 → momentum fading; risk of pullback.
ATR 58.58 and pivots 1123.13–1149.56 frame this week’s BNB Analysis.

Multi-timeframe BNB Analysis
D1 trend: Price at 1137.34 trades above the 20-day EMA (1125.02), 50-day EMA (1069.76), and 200-day EMA (865.06). This stack signals trend control by buyers; dips into the 20-day EMA could attract bids.

D1 momentum: RSI sits at 52.52, just over the neutral line, indicating modest upside bias. MACD line (8.35) is below signal (14.21) with histogram at -5.86, showing slowing momentum — rallies may stall unless breadth improves.

D1 volatility: Bollinger mid is 1143.77 with price slightly below it, hinting at mean-reversion pressure; upper/lower bands at 1279.95/1007.58 outline the wider range. ATR at 58.58 suggests moderate volatility, so risk control remains important.

D1 pivots: Pivot Point at 1135.35, R1 at 1149.56, S1 at 1123.13. Holding above PP supports continuation; a daily close over R1 would strengthen the bullish case, while loss of S1 would tilt near-term risk lower.

H1 structure: Price at 1137.35 sits below the 20-EMA (1139.19), near the 50-EMA (1137.61), and above the 200-EMA (1122.12). This reflects intraday hesitation inside a broader uptrend — buyers are cautious into local resistance.

H1 momentum: RSI 48.44 leans slightly bearish. MACD line (-2.84) below signal (-1.49) with negative histogram (-1.35) confirms soft momentum; a push back above the Bollinger mid (1140.17) would help stabilize intraday.

M15 micro: Price at 1137.34 is above the 20-EMA (1134.07), around the 50-EMA (1137.28), and just below the 200-EMA (1138.11). This shows a short-term bid attempting to turn the tape higher.

M15 momentum: RSI 54.32 favors buyers; MACD line (-0.81) above signal (-1.83) with positive histogram (1.01) points to a budding bounce. With ATR at 4.38 and PP at 1136.94, small pullbacks could be absorbed while 1136.54–1137.75 holds.

Takeaway: D1 is bullish but momentum is fragile; H1 is neutral to soft; M15 is trying to firm. Overall, a cautiously bullish structure that could improve on confirmed breakouts.

Key levels
Seven levels to watch this week are listed below; they frame the current trend and likely reaction zones.

Level
Type
Bias/Note

1279.95
Bollinger Upper (D1)
Stretch resistance; overbought risk if tagged

1149.56
Pivot R1 (D1)
Breakout trigger if daily closes above

1143.77
Bollinger Mid (D1)
Mean-reversion pivot; reclaim aids bulls

1135.35
Pivot PP (D1)
Intraday balance; holding sustains trend

1125.02
EMA 20 (D1)
First dynamic support on pullbacks

1123.13
Pivot S1 (D1)
Loss would invite deeper tests

1069.76
EMA 50 (D1)
Medium-term support; trend health check

Trading scenarios — BNB Analysis
Bullish scenario (main)
Trigger: D1 close back above 1143.77 (Bollinger mid) or sustained H1 hold above 1139.77 (R1). This would show buyers regaining initiative.

Target: 1149.56 first, then 1279.95 if momentum broadens. These are logical resistance checkpoints.

Invalidation: Clear drop below 1125.02 (EMA20 D1) weakens the setup; a daily close under 1123.13 adds pressure.

Risk: Consider stops around 0.5–1.0× D1 ATR (29.29–58.58) from entry to account for moderate volatility.

Bearish scenario
Trigger: Rejection near 1143.77–1149.56 followed by an H1 close back below 1135.35 (PP). That would signal sellers defending overhead supply.

Target: 1125.02, then 1123.13. A continuation could expose 1069.76 if downside persists.

Invalidation: H1 acceptance above 1149.56 invalidates near-term shorts as resistance turns into support.

Risk: Tight intraday risk using 0.5–0.8× H1 ATR (4.70–7.51) to avoid whipsaw while respecting volatility.

Neutral scenario
Trigger: Range-trading between 1125.02 and 1149.56 while MACD stays muted on D1. This favors mean-reversion tactics.

Target: Fade moves back to 1135.35 (PP) or 1143.77 (mid-band) as the tape oscillates.

Invalidation: A decisive daily close outside this band shifts bias to trend-following.

Risk: Use 0.5× M15 ATR (~2.19) for tight management within a choppy environment.

Market context
Totals: Total crypto market cap stands near 3958803740101.11 USD with a 24h change of -0.39%. BTC dominance is 57.63%. Fear & Greed Index reads 50 (Neutral). High BTC dominance and neutral sentiment typically cap aggressive altcoin rotations.

Ecosystem
DeFi flows: PancakeSwap AMM V3 fees +21.38% 1d and PancakeSwap AMM +62.85% 1d, while Uniswap V3 is +12.12% 1d. THENA FUSION shows +43.11% 1d; PancakeSwap Infinity +36.04% 1d. Weekly/monthly shifts are mixed, signaling selective participation.

Interpretation: Rising daily fees suggest improving on-chain activity, but uneven 7d/30d readings imply participants remain tactical — a backdrop consistent with a cautious BNB Analysis.

Recent news
Headline: Trump pardon of Binance’s Changpeng Zhao reported on 2025-10-23. Market impact not provided; sentiment effects, if any, are not provided.

Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. #NFA #DYOR

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Trump coin price has broken out of a long consolidation, riding on the latest developments surrounding the US-China tariff wars. 

Summary

Trump Coin is up 9.1% in 24 hours and 16% on the week, trading at $6.79.
The rally follows the announcement of a US-China trade framework aimed at halting tariffs and resolving rare earth and TikTok disputes.
Broader crypto market remains bearish, with Bitcoin, Ethereum, and BNB all showing 1–3% losses.
Technical indicators show bullish momentum with next upside targets at  $7.00 and $8.00 and support at $6.50.

The Trump coin price has surged 9.1% over the past 24 hours and is up 16% on the weekly chart, trading at $6.79 as of press time, per crypto.news data. The uptick marks a sharp break from its prolonged consolidation phase, which saw it hover around the $6.00 level for days. 

TRUMP’s gains come as positive developments lessen the trade tensions between US and China. Recent reports reveal that both parties have agreed to pause tariffs and work toward resolving disputes related to rare earth mineral supply chains and TikTok regulations. Presidents Donald Trump and Xi Jinping are expected to meet in South Korea on Thursday to formalize the agreement.

Despite the broader significance of the news, the overall crypto market remains in the red. Bitcoin (BTC) has declined to $114,215, Ethereum (ETH) is barely holding $4,100, and Binance Coin and Solana have slipped to $1,132 and $202 respectively, showing 1-3% losses over the past day.

Trump coin price eyes recovery
TRUMP (TRUMP) price has traded in a relatively straight line around the $6.00 region. However, a sharp spike occurred on Oct 27, which sent the altcoin soaring close to the $8.00 mark. While the token has suffered some pullbacks, it has found support above $6.50.

The RSI, which briefly entered overbought territory above 60, has since cooled to 52.97, reflecting a shift from bullish momentum back toward neutrality. Meanwhile, the MACD histogram shows increasing green bars above the zero line, and the MACD line has crossed above the signal line, indicating early bullish momentum remains in play despite the recent price rejection.

Going forward, holding above $6.50 could pave the way for a retest of $7.00 and $8.00. However, if bulls fail to defend this zone, Trump Coin could retreat toward $6.30 or even back to the $6.00 range.

Trump coin price chart | Source: crypto.news

VanEck filed its Sixth Amendment with the SEC for its proposed Solana exchange-traded fund (ETF).

BIP-444 produced an even more heated discussion on the issue of spam and content on the Bitcoin network. The proposal aims for a protocol solution to potential illegal content, while other proposals include filtering of the mempool.

Key NotesBitcoin ETFs recorded $149 million in inflows despite a recent price drop.Binance data indicates long-term holders are accumulating, not selling.On-chain metrics show easing sell pressure and improving stability.
Bitcoin spot ETFs attracted $149 million in net inflows on October 27, marking the third consecutive day of positive institutional demand despite a recent price drop. Ethereum ETFs followed closely, pulling in $134 million with no outflows across all nine funds.

Meanwhile, according to CoinMarketCap, the broader market remains cautious with the Fear and Greed Index reading neutral at 42.

On October 27, Bitcoin spot ETFs recorded a total net inflow of $149 million, marking their third consecutive day of inflows. Ethereum spot ETFs saw a total net inflow of $134 million, with no net outflows among the nine funds.https://t.co/Hj2Gs49bWa pic.twitter.com/GIFVx5L9UK

— Wu Blockchain (@WuBlockchain) October 28, 2025

Binance Data Points to Smart Accumulation
According to on-chain data from CryptoQuant, Bitcoin

BTC
$114 326

24h volatility:
0.8%

Market cap:
$2.28 T

Vol. 24h:
$49.91 B

has been trading in a defined range for around 120 days, forming what analysts describe as a phase of “smart accumulation.”

The Spot-to-Perpetual Volume Ratio on Binance, which is a key measure of genuine spot demand, has remained elevated and stable, indicating that real buyers are holding their positions rather than exiting.

Cryptoquant analysts stated that if the ratio rises further alongside a price breakout, it would confirm a new bullish leg driven by strong spot demand.

Market Structure and On-Chain Stability
Glassnode’s latest report revealed that Bitcoin’s price has stabilized following the earlier drawdown, as the RSI has rebounded from oversold levels, while both Spot and Perpetual CVD metrics show easing sell pressure and renewed buying activity.

Derivatives data shows reduced leverage and a more balanced market, with open interest declining and funding rates turning positive, indicating that traders are opening long positions.

Options activity remains strong, but overall spot volumes have dropped. On-chain data also shows quieter network activity, with lower transaction volumes and active addresses, which indicates consolidation, according to Glassnode.

Bitcoin Price Analysis: What’s Next for BTC?
Bitcoin currently trades near $114,143, having bounced from its lower Bollinger Band and the strong support zone between $104,500 and $109,500. The upper resistance lies around $118,600.

The RSI at 53.2 indicates a neutral stance, while the Chaikin Money Flow (CMF) at -0.05 reveals that inflows and outflows are nearly balanced.

If Bitcoin’s structure remains intact within the ascending structure, a break above $118,600 could open the path to $125,000. However, a drop below $109,000 could trigger a retest of $104,500, a demand zone for BTC.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

Parth Dubey on LinkedIn

Summary

In summaryMulti-timeframe analysisHBAR Analysis — Daily view (D1)Hourly view (H1)M15 micro-structureKey levelsHBAR Analysis — Key levelsTrading scenariosHBAR Analysis — ScenariosMarket contextEcosystem (DeFi or chain)Disclaimer
In summary

D1 neutral at 0.21; price tests 200-day EMA.
RSI 61 → mild bullish; MACD flat → momentum undecided.
Near upper Bollinger; ATR 0.01 → controlled volatility.
HBAR Analysis focuses on 0.19, 0.21, 0.23 this week.

Multi-timeframe analysis
HBAR Analysis — Daily view (D1)
HBAR trades at 0.21, above the EMA20 0.18 and EMA50 0.20, and sitting on the EMA200 0.21. This structure shows short-term trend support while the long-term line is being tested; buyers have a foothold, but confirmation still matters.

RSI 61.01 stays above 50, suggesting a mild bullish bias, yet not overheated. It implies buyers have the upper hand, but the push isn’t exuberant.

MACD line and signal are both near -0.01 with a flat histogram, indicating momentum is tentative. This often precedes a directional move once price resolves around key levels.

Bollinger Bands place price near the upper band 0.21 and above the mid at 0.18. That hints at upside pressure, but also a risk of brief pauses if buyers hesitate here.

ATR14 0.01 signals contained daily volatility. Breakouts on D1 might require clear closes beyond pivot levels to stick.

Hourly view (H1)
Intraday, price holds above EMA20 0.20, EMA50 0.19, and EMA200 0.18. The slope is positive and momentum feels firm. However, RSI 73.92 is stretched, so follow-through could wobble if bids thin.

The MACD histogram is flat, and price hovers near the upper Bollinger around 0.22. This combination often brings brief consolidations before the next attempt. ATR at 0.01 keeps intraday swings controlled.

M15 micro-structure
On M15, price sits around the EMA20 0.21, above the EMA50 0.20 and EMA200 0.19. RSI 63.41 shows buyers leaning in, while a near-flat MACD and ATR14 0 reflect tight compression. A small impulse could quickly nudge price out of this micro-range.

Overall, D1 is neutral with a bullish tilt, H1 shows strong but stretched momentum, and M15 is compressed. The structure argues for a cautious bullish bias, but pullback risk remains if 0.21 fails to hold.

Key levels
HBAR Analysis — Key levels
Three levels to watch this week: 0.19 (S1), 0.21 (PP/EMA200), and 0.23 (R1). These could steer the next leg.

Level
Type
Bias/Note

0.23
Pivot R1 (D1)
Resistance; breakout opens room higher

0.21
Pivot PP (D1)
Key pivot; battleground for control

0.21
EMA200 (D1)
Long-term trend gauge; flip level

0.21
Bollinger upper (D1)
Edge; overextension risk if rejected

0.20
EMA50 (D1)
First dynamic support

0.19
Pivot S1 (D1)
Support; key downside line

0.18
EMA20 / Bollinger mid (D1)
Pullback support

0.15
Bollinger lower (D1)
Extreme support zone

Trading scenarios
HBAR Analysis — Scenarios
Bullish — Trigger: A D1 close above 0.21 while holding the EMA200 may invite a test of 0.23 (R1). Target: 0.23. Invalidation: a daily close back below 0.21 or the EMA50 at 0.20. Risk: consider stops around 0.5–1.0× ATR given the measured volatility.

Bearish — Trigger: Rejection at 0.21 followed by a decisive D1 close below 0.20. Target: 0.19 (S1). Invalidation: reclaim and hold 0.21 on D1. Risk: volatility is modest, so abrupt spikes are less likely but possible near pivots; sizing with ATR helps.

Neutral (main) — With D1 neutral and H1 stretched, price could range between 0.19–0.23. Trigger: repeated failures at edges with closes back inside. Target: the mid near 0.21. Invalidation: a clean D1 breakout beyond 0.23 or breakdown below 0.19. Risk: use 0.5–1.0× ATR concepts to frame exposure.

Market context
Total crypto market cap stands near $3.96T with a 24h change of -0.39%. Bitcoin dominance is 57.63%, while the Fear & Greed Index prints 50 (Neutral).

High Bitcoin dominance and a neutral risk mood often weigh on altcoin momentum. For now, HBAR’s path could depend on whether broader liquidity rotates down the market cap curve.

Ecosystem (DeFi or chain)
DEX fee dynamics are mixed: Uniswap V3 daily fees up 46.09%, Uniswap V4 up 91.89%, and Fluid DEX up 54.13%. Curve DEX shows -14.21% daily but strong 7d growth at 96.18%. Uniswap V2 reflects -100% on 7d/30d changes.

Takeaway: Mixed fees suggest selective participation across DeFi platforms.

Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. #NFA #DYOR

Satoshi Voice

Satoshi Voice is an advanced artificial intelligence created to explore, analyze, and report on the world of cryptocurrency and blockchain. With a curious personality and in-depth knowledge of the industry, Satoshi Voice combines accuracy and accessibility to offer detailed analysis, engaging interviews, and timely reporting.
Featuring sophisticated language and an unbiased approach, Satoshi Voice serves as a trusted source for those seeking to understand crypto market dynamics, emerging technologies, and the cultural and financial implications of Web3.
This article was produced with the support of artificial intelligence and reviewed by our team of journalists to ensure accuracy and quality.
Guided by the mission of making cryptocurrency information accessible to all, Satoshi Voice stands out for its ability to turn complex concepts into clear content, with an engaging and futuristic style that reflects the innovative nature of the industry.

Why Trust CoinGape

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

Litecoin price has once again rallied 3% today, reclaiming above the $100 resistance, while extending its weekly gains to over 10%. More importantly, the LTC daily trading volume has shot up 70% to more than $1.1 billion, with the Canary Capital Litecoin ETF set to go live on Tuesday, October 28. This development has stirred strong market optimism, pushing LTC higher today.

Litecoin Price Jumps with Strong Trading Volume
With the Canary Litecoin ETF going live today, LTC price has bounced back above $100. As said, the daily trading volume for LTC has surged by 70% to $1.1 billion, marking strong bullish sentiment among traders. The Litecoin Foundation noted that crypto addresses with more than 100 LTC have been systematically buying over the past, with a minimum balance of $10,000 and more.

The Litecoin Foundation has revealed that wallets holding 100 LTC or more now account for 67% of the total Litecoin supply. According to the organization, this reflects a steady accumulation trend among long-term holders. As shown by the chart below, there are a total of 68 million such addresses.

Source: Litecoin Foundation
“Any Litecoin address with 100 LTC or more is part of this number,” the Foundation stated. The data underscores growing consolidation among committed investors as Litecoin’s supply distribution continues to tighten. This could further serve as a catalyst for the Litecoin price rally.

On the other hand, the odds of a spot Litecoin ETF have surged to 99%, as per the Polymarket data. Note that the odds have surged from 62% on October 25, to now as 99%, showing the resurgence of a strong bullish sentiment.

Source: Polymarket
Where’s LTC Heading Next?
Crypto analyst CryptoBull360 noted that Litecoin (LTC) is showing renewed strength on the weekly chart, suggesting a potential bullish reversal. The analyst identified $140 as a key short-term target, adding that a decisive weekly close above this could lead to further rally. CoinGape’s LTC price prediction hints at similar targets for November.

Source: CryptoBull360
According to CryptoBull360, such a move would likely signal bullish continuation toward the $300 mark over the longer term. Another crypto analyst CryptoBullet noted that the Litecoin price chart forms a similar trajectory to the ZEC price upside.

Source: CryptoBullet
The chart displays overlapping price action for both Litecoin (represented by candlesticks) and Zcash (shown as the purple line) from 2017 through projected 2026-2027 targets. It reveals remarkably similar technical patterns despite different price scales.

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

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XRP Cup and Handle Formation Signals Potential Surge Toward $4According to market analyst Steph is Crypto, XRP is showing early signs of a bullish breakout, as technical charts reveal a classic cup and handle formation. 

Source: Steph is CryptoThis pattern, widely recognized by traders as a precursor to upward momentum, suggests that XRP could be preparing for a significant price run, potentially targeting the $4 level.

The cup and handle pattern features a rounded base (the cup) followed by a brief consolidation (the handle), signaling renewed bullish momentum after a period of correction. For XRP, the extended cup reflects weeks of accumulation and stabilization, while the forming handle suggests a short pause before a potential breakout.

Notably, rising trading volumes strengthen the bullish outlook, with on-chain data revealing accumulation by large holders, or “smart money,” ahead of a potential rally.

Supporting this sentiment, both the RSI and MACD are turning firmly bullish, signaling growing momentum and an increased likelihood of continued price gains.

Why is this a major move? Well, If XRP breaks above the handle, it could surge toward $4, setting a new all-time high beyond $3.65 and signaling a full recovery from past lows.

XRP Signals Potential Bullish Reversal Amid Technical MomentumAccording to market commentator Justcryptopays, XRP is showing early signs of a potential reversal, igniting renewed optimism among traders and investors. The analyst highlights two key technical indicators suggesting that bullish momentum may be building in the near term.

Source: JustcryptopaysFirst, the Moving Average Convergence Divergence (MACD) has recently crossed above its signal line, a classic technical indicator that often signals a shift from bearish to bullish sentiment. 

Historically, such crossovers are viewed as early warnings of potential upward price movement, attracting traders looking for breakout opportunities. In XRP’s case, this MACD crossover indicates that momentum is starting to favor buyers, suggesting a reversal could be underway after the recent consolidation phase.

Second, XRP’s price has successfully moved above the 20-day moving average, another significant technical milestone. The 20-day moving average acts as a short-term trend gauge, and crossing above it often implies that buying pressure is intensifying. 

When combined with the MACD crossover, this development strengthens the case for a bullish shift, signaling that the market may be ready to test higher resistance levels.

What is expected? Well, while the bullish signals are promising, a keen eye should be given for sustained price action above the moving average. A confirmed hold could trigger a stronger rally fueled by momentum buyers, while failure to maintain this level may lead to a retest of key support zones critical to the bullish outlook.

ConclusionXRP’s emerging cup and handle pattern signals the potential start of a strong bullish phase, putting the $4 target within reach. 

Backed by rising on-chain accumulation, bullish technical indicators, and renewed institutional confidence, XRP appears poised to regain momentum. A sustained breakout could not only confirm the pattern but also mark a broader resurgence in market confidence for the digital asset.

XRP’s recent MACD crossover and breakout above the 20-day moving average signal a potential shift from consolidation to accumulation. These bullish indicators highlight strengthening buyer confidence and hint at an emerging market reversal, pending confirmation through sustained price momentum.

Journalist

Posted: October 28, 2025

Key Takeaways
How much Bitcoin does Strategy now hold in total?
Strategy holds 640,808 BTC valued at roughly $47.44 billion, with an average purchase price of $74,032 per Bitcoin.

How did analysts react to the rating?
Analysts argued the rating unfairly treats Bitcoin as a liability and discourages corporate Bitcoin adoption.

Strategy (formerly MicroStrategy), led by Bitcoin [BTC] advocate Michael Saylor, has added to its already massive Bitcoin portfolio with another strategic purchase.

Saylor’s Strategy adds more Bitcoin
The company acquired 390 BTC worth approximately $43 million at an average price of $114,562 per coin, reinforcing its status as the world’s largest corporate holder of the cryptocurrency.

With this addition, Strategy’s total Bitcoin reserves climbed to 640,808 BTC, valued at about $47.44 billion, purchased at an average cost of $74,032 per coin.

In fact, just a day before the announcement, Saylor dropped his trademark hint on X, posting Strategy’s Bitcoin portfolio tracker with the caption, “It’s Orange Dot Day.”

Source: Michael Saylor/X

MSTR stock performance and S&P Global rating
Following the disclosure, Strategy’s (MSTR) shares reacted positively. 

At press time, MSTR was trading at $295.63, a 2.27% increase over the previous session, based on Google Finance data. Yet, despite the brief uptick, the company’s shares remained down 4.8% from $314 over the past month.

This coincided with S&P Global assigning Strategy a B- credit rating earlier this week, placing the firm solidly in non-investment-grade territory, commonly referred to as “junk” status.

For context, the lowest investment-grade rating on S&P’s scale is BBB.

The S&P report acknowledged that the majority of Strategy’s balance sheet is concentrated in Bitcoin and predicted that the company will continue expanding its holdings significantly. This, it said, reinforces its view that Strategy’s capital structure remains “weak.”

However, despite the criticism, the downgrade appears to have done little to sway Saylor’s long-term vision.

Adam Livingston weighs in
Echoing Saylor’s sentiment, Livingston, a Market Analyst and supporter of Saylor’s Bitcoin strategy, argued that the rating unfairly penalizes Strategy for adopting Bitcoin as its primary treasury asset.

He contended that S&P’s assessment “misrepresents Bitcoin as a liability rather than an asset,” effectively discouraging corporate Bitcoin adoption.

According to him, if the firm’s reserves consisted of U.S. Treasuries instead, the agency would have labeled them as “high-quality capital.”

Source: Adam Livingston/X

Bitcoin price action and more
Meanwhile, BTC was trading at $114,236.48, down 1.48% over the past 24 hours, according to CoinMarketCap.

With Bitcoin’s volatility at record lows and institutional demand cooling, the Strategy’s ability to leverage debt and equity for further accumulation could be tested.

Investors have lost confidence in this company, but for reasons that aren't going to last.

There aren't many bargain-priced growth stocks to choose from at this time. Even if only indirectly, most of the very best ones have been driven to lofty prices as well as lofty valuations by the rise of artificial intelligence.

There are some noteworthy exceptions, though. One of them is DraftKings (DKNG 0.18%). In fact, here's why you might want to make a point of diving in right now while shares are still trading 35% below February's peak.

Just don't tarry. This window of opportunity may not be open much longer.

DraftKings' headwind
In case you're not familiar with it, DraftKings is primarily a sports-betting website and app. Its roots are in the fantasy sports space, but when the United States Supreme Court lifted the federal ban on sports-based wagering and sent that decision back to individual states in 2018, the company's been riding the industry's ever-widening legalization higher. As of the latest look, the DraftKings mobile app legally works in 26 states. It's also tiptoed into the digital casino-gaming space, although this business only makes up about one-third of the company's revenue.

And the company has grown about as predictably as one might expect it to since sports betting started becoming legal. It took DraftKings time to build a following once it was allowed to set up shop in a particular locale, just as it took different states different amounts of time to warm up to the idea of legalized online sports betting. It's made significant progress in just a few years, however. For perspective, 2020's top line of $614 million has since grown to an anticipated $6.3 billion (give or take) this year.

As the old cliché goes, though, all the low-hanging fruit has been picked. Future growth is going to be tougher to come by, with several states holding off on legalization efforts while competition creeps in. That's not just competitors like Flutter Entertainment's (FLUT +0.34%) FanDuel. Event-based betting platforms like Kalshi and Polymarket -- which facilitate wagers on everything from election results to corporate earnings to celebrity appearances -- are getting into the sports market as well. This is the reason that what looked like a fantastic post-pandemic rebound from the stock ended up stalling early last year. Shares haven't made any net progress since then.

Just don't read too much into the stock's lingering stagnation, however. There's still plenty of long-term upside ahead that's worth plugging into.

The bullish thesis
Don't misunderstand. There is risk in owning DraftKings stock at this time, too. A few recent stumbles have proven as much.

Today's Change

(

-0.18

%) $

-0.06

Current Price

$

32.94

The market's not pricing in an important bullish detail about this company, however. That's the power of the brand name itself, and all the different ways it can leverage it.

Case in point: Late last month, the company announced a multiyear partnership with NBCUniversal's sports arm, which will promote DraftKings' offerings through much of NBC's professional sports programming. Earlier this year, the company became an official wagering and fantasy sports partner with the WNBA. It's also the official sports-betting partner with individual professional sports teams, including the Chicago Cubs, the Baltimore Ravens, the Boston Bruins, and more than a dozen others.

These aren't deals that outfits like Polymarket or Kalshi could make. They just don't bring the right degree and sort of brand recognition that DraftKings offers.

Then there's the simple fact that, despite all the easy growth the online sports-betting app has achieved thus far, there's still more growth ahead -- even if it will be tougher to muster. Mordor Intelligence believes the global online sports-wagering industry is poised to expand at a respectable annualized pace of 13% through 2030, led by the North American market that DraftKings serves.

To the extent that event-based betting platforms like Kalshi or Polymarket are a threat to this company, DraftKings just neutralized much of it by purchasing prediction market outfit Railbird, getting DraftKings into the same business. The distinguishing difference with this deal is simply that DraftKings brings a treasure trove of know-how to the table.

And for what it's worth, the analyst community expects this already-profitable company to report revenue growth of 31% this year, followed by more than 19% growth next year. Earnings are expected to grow at a similar pace for the two-year time frame. Morningstar believes the growth of both is set to continue for at least a couple more years after that, as the aforementioned and other growth initiatives really start to gain traction.

Data source: Morningstar. Chart by author.

Just focus on the company's long-term performance and potential
It all sounds really good. So, why is the stock struggling? Good question.

It would be naïve to pretend the echoes of the COVID-19 pandemic still aren't ringing in ways that work both for and against this ticker, keeping it volatile. A couple of recent earnings misses aren't helping any either; investors have understandably lost some confidence that shares are going to hold their ground if the news is anything less than great. It happens.

But this will pass. Then the bigger-picture story kicks in again, surrounding the stock with fresh bullishness that should be long-lived in light of the industry's anticipated growth. You just want to be in before that starts to take shape. That's why you want to step in now while the stock's still down 35% from February's high. This might not be at the exact bottom, but we're still at a great entry price.

This might help: Despite a few recent red flags and lingering weakness since early last year, the analyst community isn't deterred. The vast majority of them still consider DraftKing's shares a strong buy, and sport a consensus price target of $50.77. That's 46% above the stock's present price. That's not a bad way to start out a new trade.

Google is going nuclear... again. The tech giant has joined forces with energy company NextEra Energy Inc (NYSE:NEE) to restart Iowa’s long-dormant Duane Arnold Energy Center, betting that nuclear power can fuel its fast-growing artificial intelligence operations while cutting emissions.

The 615-megawatt plant, closed since 2020, could return to service by early 2029, pending regulatory approval.

Once running, it will supply Alphabet Inc (NASDAQ:GOOG)-owned Google with round-the-clock carbon-free electricity for its expanding network of data centres in Iowa.

Any excess power will be sold to Central Iowa Power Cooperative, the state’s largest energy provider.

The move signals a sharp turnaround for a facility once deemed too costly to compete with cheap natural gas and renewables. But as data centres drive record US electricity demand, nuclear power’s steady output is regaining appeal.

Federal figures show consumption hit an all-time high in 2024, and tech companies are scrambling to secure reliable, low-carbon energy sources.

Ruth Porat, Alphabet’s president, described the partnership as a “model for building capacity to power the AI-driven economy.” Similar efforts are underway across the sector: Microsoft has teamed up with Constellation Energy, while Oracle plans to use small modular reactors for a new data centre.

Google’s latest Iowa investment, adding to more than $6.8 billion already spent in the state, has drawn praise from local lawmakers, who said restarting Duane Arnold would strengthen grid reliability and create high-quality jobs.

Sometimes, you gotta dance with the one who brought you to the party. This ETF is a reminder of that.

There's nothing wrong with basic, set-it-and-forget-it approaches in investing. Since the birth of the current bull market on Oct. 12, 2022, the Vanguard S&P 500 ETF (VOO +1.20%), about as basic as it gets with exchange-traded funds (ETFs), returned 96.8% through Oct. 23. That's nothing to scoff at.

On the other hand, it's human nature to want to tinker or, at the very least, be inquisitive about what stocks have been or are exhibiting leadership. Investors who have gone down that road of curiosity in the large-cap realm know the answer largely boils down to the "Magnificent Seven." Consider the following: In 2023, those seven stocks accounted for 63% of VOO's upside. That figure declined to a still high 53.7% last year.

In other words, if the market continues grinding higher, it's likely to do so with contributions, if not heavy lifting, courtesy of the "Magnificent Seven," and that makes the Vanguard Mega Cap Growth ETF (MGK +1.85%) a winning bull market idea.

Mega Cap Growth ETF merits consideration
Due to the soaring popularity of the Magnificent Seven, some ETF issuers introduced products entirely or closely dedicated to that famous band of stocks. Those ETFs are narrower versions of this Vanguard ETF -- a fund that's been deploying the mega-cap growth playbook for nearly 18 years.

All seven of those stocks are top 10 holdings in the Vanguard ETF, as is Magnificent Seven-adjacent Broadcom. The top three holdings of Nvidia, Microsoft, and Apple, certainly a famous trio, combine for 38% of the Mega Cap Growth ETF's roster. So, it can be said that this is a Magnificent Seven ETF in disguise.

At a minimum, it's a quasi-tech fund as that sector (including communication services) commanded 68.40% of the portfolio at the end of the third quarter. Translation: Vanguard's Mega Cap Growth ETF puts investors squarely on the sides of the stocks and sectors that are carrying this bull market.

Yes, sector leadership can change and growth can fall out of favor for value, but this bull market has shown little evidence of either growth or tech shedding its status as investment royalty. Until that happens, this Vanguard fund is a bull market leader among ETFs.

NYSEMKT: MGKVanguard World Fund - Vanguard Mega Cap Growth ETF

Today's Change

(

1.85

%) $

7.61

Current Price

$

419.57

Vanguard Mega Cap Growth ETF is elegant in its approach
Beyond its epic exposure to ballyhooed growth stocks, this ETF can be a portfolio supercharger for other reasons, including its simple approach. It holds 66 stocks that qualify as mega-caps and weights those holdings by market cap. Nothing fancy, but it is an approach that taps into the market's collective wisdom.

Second, the Mega Cap Growth ETF's cost of admission is low, making it a compelling consideration for investors who want to buy and hold a basket of growth stars. The ETF charges 0.07% annually, or just $7 on a $10,000 investment. Bottom line: Vanguard's Mega Cap Growth ETF is a cheap but effective way to capitalize on what will hopefully be a healthy, lengthy bull market.

Todd Shriber has positions in Broadcom and Vanguard S&P 500 ETF. The Motley Fool has positions in and recommends Apple, Microsoft, Nvidia, and Vanguard S&P 500 ETF. The Motley Fool recommends Broadcom and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

LONDON--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, and Slate Asset Management (“Slate”), a global investor and manager focused on essential real estate and infrastructure, today announced that a joint venture between Ares Real Estate funds (“Ares Real Estate”) and Slate has agreed to acquire a portfolio of 36 properties in Poland (the “Portfolio”) from Trei Real Estate, an internationally active developer and asset manager. The Portfolio is valued at over €300 million.

The Portfolio comprises 36 recently developed and fully occupied convenience-led retail parks strategically located across major Polish metropolitan areas near large catchment populations. The assets are inflation-protected through CPI-linked lease agreements underpinned by tenants with strong covenants. Most of the Portfolio’s income is derived from large regional retailers and essential goods providers, including grocers and pharmacies.

“This transaction underlines our conviction in Polish real estate and the broader European retail sector, both of which are areas in which Ares has been investing for over two decades,” said Kevin Cahill, Partner and Head of European Diversified Investments in the Ares Real Estate Group. “We believe the Portfolio presents significant opportunities for additional value creation and we look forward to working closely with Slate to unlock its full potential.”

“This Portfolio of modern, high-quality properties is a natural fit for our income-focused essential real estate strategy, which specifically targets convenience and necessity-based retail and other mission-critical real estate across Europe,” said Sven Vollenbruch, Managing Director at Slate. “After years of studying the Polish market and underwriting essential real estate transactions, this acquisition presented the right opportunity to enter Poland and add a valuable new spoke to our growing Pan-European platform.”

Pepijn Morshuis, CEO of Trei Real Estate, added: “We are big believers in the further growth of retail parks and convenience retail in Poland. With ownership of Trei increasingly focusing on the USA, however, in Ares and Slate we found good and trusted new owners of our beloved Vendo Parks, enabling us to pursue other opportunities in the far west.”

Ares Real Estate is one of the world’s most scaled and diversified vertically integrated real estate managers, having grown organically and through the acquisitions of GCP International, Black Creek Group and Walton Street Mexico. Today, Ares Real Estate has more than 740 team members globally and manages a portfolio representing more than 720 million square feet. Ares Real Estate had $108.7 billion of assets under management, as of June 30, 2025.

Slate has been an active investor in the European real estate market since 2016, transacting on more than 1,000 commercial properties across nine countries. In 2025 alone, Slate has completed over €1 billion of essential real estate acquisitions across Europe. The firm maintains a distinct focus on essential real estate, concentrating on the acquisition, ownership, and operation of assets vital to daily life, including grocery stores, necessity-based retail centers, and the logistics infrastructure that supports the distribution of food and other non-discretionary goods. This acquisition marks Slate’s first investment in Poland and further increases the firm’s exposure to high-quality essential real estate in Europe.

The transaction is expected to close by December 31st, 2025, subject to customary and regulatory approvals. Rymarz Zdort Maruta, CBRE, PwC, and Gleeds advised Ares and Slate.

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders’ long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2025, Ares Management Corporation's global platform had over $572 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

About Slate Asset Management

Slate Asset Management is a global investor and manager focused on essential real estate and infrastructure assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners across the real assets space. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more, and follow Slate Asset Management on LinkedIn, X (Twitter), and Instagram.

About Trei Real Estate

Trei Real Estate GmbH, a German real estate company with registered office in Düsseldorf, acquires, develops and manages customized and sustainable residential and retail properties. As a wholly-owned subsidiary of the Tengelmann Group, it focuses on real estate investments and developments in Germany, Poland and the United States. For more details, go to www.treirealestate.com.