Market Signal Briefing

Maranello, (Italy), October 20, 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 360 million share buyback program announced on July 31, 2025, as the eighth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Eighth Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) and on the New York Stock Exchange (NYSE) as follows:

 EXMNYSETotalTradingNumber of common shares purchasedAverage price per shareConsideration excluding feesNumber of common shares purchasedAverage price per shareConsideration excluding feesConsideration excluding feesNumber of common shares purchasedAverage price per shareConsideration excluding feesDateexcluding fees excluding fees  excluding fees (d/m/y)(€)(€)($)($)(€)*(€)*(€)*        13/10/202515,000335.41265,031,189.00----15,000335.41265,031,189.0014/10/202512,200325.84983,975,367.5623,470382.65668,980,950.407,773,695.4935,670329.382211,749,063.0515/10/202512,700330.48474,197,155.6915,359389.95245,989,278.915,153,397.7928,059333.24619,350,553.4816/10/202529,700338.638710,057,569.39----29,700338.638710,057,569.3917/10/202518,100336.17416,084,751.21----18,100336.17416,084,751.21 87,700334.618429,346,032.8538,829385.542514,970,229.3112,927,093.28126,529334.098342,273,126.13Total  (*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase

            Since the announcement of such Eighth Tranche till October 17, 2025, the total invested consideration has been:

Euro 178,948,239.67 for No. 459,624 common shares purchased on the EXM USD 48,417,771.03 (Euro 41,475,088.35*) for No. 108,438 common shares purchased on the NYSE. As of October 17, 2025, the Company held in treasury No. 16,242,357 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.38% of the total issued common shares. Including the special voting shares, the Company held in treasury 8.91% of the total issued share capital.
Since the start of the multi-year share buyback program of approximately Euro 2 billion announced during the 2022 Capital Markets Day, on July 1, 2022, until October 17, 2025, the Company has purchased a total of 5,579,082 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,862,993,025.37.

A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Ferrari’s corporate website under the Buyback Programs section (https://www.ferrari.com/en-EN/corporate/buyback-programs).

FNV BB PR 20 October 2025 ENG

SummaryEvery month, we screen for high-yield dividend yields, but those that also deliver relatively consistent growth with regular dividend increases.The parameters of the screening also include dividend safety, which factors in payout ratios, debt and free cash flow as some key metrics.While these names screen highly, it is important to remember that it is only an initial dive; more due diligence is necessary before making any investment decision.This idea was discussed in more depth with members of my private investing community, Cash Builder Opportunities. Learn More » Nikolaeva Elena/iStock via Getty Images

Written by Nick Ackerman

For some background on this monthly publication, here is my view on dividend growth stocks:

Dividend growth stocks aren't always the most exciting investments out there. They often aren't grabbing the

Analyst’s Disclosure:I/we have a beneficial long position in the shares of MO, SHORT VICI PUTS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

Recommended For You

October 20, 2025 11:37 ET

 | Source:

Globex Mining Enterprises Inc.

ROUYN-NORANDA, Quebec, Oct. 20, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to provide shareholders with a brief update as regards the Mont Sorcier high purity iron deposit on which Globex retains a one percent (1%) Gross Metal Iron Royalty. The following is a short text from today’s Cerrado Gold’s press release in which they provided further information on progress at Mont Sorcier. They have made significant progress drilling 17,000 metres of infill in order to update the resource to the Proven and Probable categories and provide a feasibility study by Q2, 2026. The text of the Cerrado press release is presented below in its entirety.

Mont Sorcier Project Update

“At the Mont Sorcier high-purity iron project, all key workstreams continued to progress the feasibility study, and the Company completed an infill drilling program to update sufficient resources to the Proven and Probable categories. Over 17,000 metres were drilled with results to be incorporated into a new mineral reserve estimate to support the feasibility study, which is targeted for completion in Q2 2026.

The Bankable Feasibility Study aims to provide a detailed updated economic study on the potential for the project as highlighted in the previous 2022 NI 43-101 Preliminary Economic Assessment ("PEA") that delivered a project NPV8% of US$1.6 billion based upon iron concentrates grading 65% iron. As highlighted previously, new test work has now shown the ability to deliver a high-purity DRI-grade Iron concentrate product of over 67% iron, enhancing the projects position delivering a highly desired product to support growing demand from the Green Steel transition.

Cerrado is developing its 100% owned Mont Sorcier high-purity, high-grade, Direct Reduced Iron project, located on the traditional Cree territory of Eeyou Istchee James Bay in the municipality of Chibougamau. The Mont Sorcier project has the potential to produce a premium iron concentrate over a long mine life at low operating costs and low capital intensity. Furthermore, its high grade and high purity product facilitates the migration of steel producers from blast furnaces to electric arc furnaces, contributing to the decarbonization of the industry and the achievement of sustainable development goals.”

This press release was written by Jack Stoch, P. Geo., President and CEO of Chibougamau Independent Mines Inc. in his capacity as a Qualified Person (Q.P.) under NI 43-101.

This press release was written by Jack Stoch, P. Geo., Executive Chairman and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.

We Seek Safe Harbour.  Foreign Private Issuer 12g3 – 2(b) CUSIP Number 379900 50 9
LEI 529900XYUKGG3LF9PY95For further information, contact:Jack Stoch, P.Geo., Acc.Dir.
Executive Chairman & CEO
Globex Mining Enterprises Inc.
86, 14th Street
Rouyn-Noranda, Quebec Canada J9X 2J1
Tel.: 819.797.5242
Fax: 819.797.1470
[email protected]
www.globexmining.com   Forward-Looking Statements: Except for historical information, this news release may contain certain “forward-looking statements”.  These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. (“Globex”).  No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom.  A more detailed discussion of the risks is available in the “Annual Information Form” filed by Globex on SEDARplus.ca

October 20, 2025 11:40 AM EDT | Source: Emerging Growth Research
New York, New York--(Newsfile Corp. - October 20, 2025) - Emerging Growth Research today announced the initiation of coverage on OSR Holdings, Inc. (NASDAQ: OSRH) with a Buy-Emerging rating and a 12-month price target of $10.00, representing over 1,600% upside from the Company's recent closing price of $0.58.

The initiation report highlights OSR Holdings' innovative biotech portfolio, expanding 4th-party logistics (4PL) business, and pending acquisition of Woori IO, a noninvasive glucose monitoring company supported by Samsung Electronics. OSRH's diversified operations across cancer immunotherapy, biologics, and medical device distribution position it for significant growth and long-term value creation.

Key Highlights from the Initiation Report:

Diversified Healthcare Portfolio: OSR Holdings operates three wholly-owned subsidiaries-Vaximm, Darnatein, and RM Communications (RMC)-spanning clinical-stage immunotherapy, biologics for degenerative diseases, and medical device distribution in South Korea.Vaximm - Oncology Focus: Vaximm is developing oral T-cell immunotherapies targeting tumor vasculature and antigens. Its lead drug, VXM01, has completed multiple Phase 2 trials in glioblastoma and pancreatic cancer and has received Orphan Drug Designation from both the FDA and EMA.Darnatein - Regenerative Medicine: Darnatein's AI-designed biologics, DRT-101 and DRT-102, address osteoarthritis and spinal fusion, respectively. Early data show superior bone and cartilage regeneration potential compared to standard BMP therapies.RMC - Profitable 4PL Platform: RM Communications is a profitable Korean medical device distributor expanding into 4th-party logistics, offering import licensing, regulatory, and logistics consolidation for hospitals and device manufacturers.Woori IO Acquisition: OSRH's pending acquisition of Woori IO adds noninvasive glucose monitoring technology that eliminates the need for finger-prick testing. The platform has received non-dilutive funding from Samsung Electronics and is advancing toward regulatory approval in Korea.Valuation Upside: Shares remain deeply discounted following early-2025 market maker disputes and dilution events unrelated to fundamentals. Emerging Growth Research's DCF analysis supports a $10.00/share price target, with significant upside as 4PL growth and biotech milestones materialize.For a copy of the full initiation report, please visit:

https://emerginggrowth.com/wp-content/uploads/2025/10/FINAL-OSRH_Initiation_10.20.25.pdf

or

https://emerginggrowth.com/profile/osrh/ (on the right side of the page as you scroll down)

About OSR Holdings, Inc.

Founded in 2020 and headquartered in Bellevue, Washington and Gyeonggi-do, South Korea, OSR Holdings, Inc. (NASDAQ: OSRH) is a global healthcare company developing oral immunotherapies for cancer and biologics for degenerative diseases. The Company also distributes medical devices and systems through its RMC subsidiary and is expanding into 4PL logistics. OSRH's pending acquisition of Woori IO adds a breakthrough noninvasive glucose monitoring technology to its portfolio.

For more information, please visit https://www.osrholdings.com.

Forward-Looking Statements

This press release contains forward-looking statements concerning business operations and financial performance as well as plans, objectives, and expectations for OSR Holdings, Inc. that are subject to risks and uncertainties. All statements other than statements of historical fact are forward-looking statements. These include but are not limited to statements regarding product development, regulatory milestones, market growth, and anticipated financial performance. Actual results could differ materially due to clinical, regulatory, financial, or competitive risks.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271104

Kitco News

The Leading News Source in Precious Metals

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.

NEW YORK, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Dow Inc.  (“Dow” or the “Company”) (NYSE: DOW) and certain officers.   The class action, filed in the United States District Court for the Eastern District of Michigan, Northern Division, and docketed under 25-cv-12744, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Dow securities between January 30, 2025 and July 23, 2025, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are an investor who purchased or otherwise acquired Dow securities during the Class Period, you have until October 28, 2025, to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com.   To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.   
  

[Click here for information about joining the class action]

                Dow is an American materials science company, serving customers in the packaging, infrastructure, mobility, and consumer applications industries.  Dow conducts its worldwide operations through six global businesses organized into three operating segments: (i) Packaging & Specialty Plastics, (ii) Industrial Intermediates & Infrastructure, and (iii) Performance Materials & Coatings.

Historically, Dow has touted its “industry-leading dividend,” which is of particular importance to investors.  On conference calls with investors and analysts, Dow’s Chief Executive Officer, Defendant Jim Fitterling (“Fitterling”), has variously stated that the Company’s “dividend is a key element of our investment thesis,” and that “north of 65% of our owners count on that dividend.”

Notwithstanding an ongoing slump in the materials science industry, as well as the recent onset of tariff-related market uncertainties, at all relevant times, Defendants represented that Dow was well positioned to weather macroeconomic and tariff-related headwinds while maintaining sufficient levels of financial flexibility to support the Company’s lucrative dividend.  Specifically, Defendants cited various purported strengths and advantages unique to Dow in its industry, including, inter alia, the Company’s purported “differentiated portfolio,” “cost-advantaged footprint,” and “industry-leading flexibility to navigate global trade dynamics.”

Throughout the Class Period, Defendants made materially false and misleading statements regarding Dow’s business, operations, and prospects.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Dow’s ability to mitigate macroeconomic and tariff-related headwinds, as well as to maintain the financial flexibility needed to support its lucrative dividend, was overstated; (ii) the true scope and severity of the foregoing headwinds’ negative impacts on Dow’s business and financial condition was understated, particularly with respect to competitive and pricing pressures, softening global sales and demand for the Company’s products, and an oversupply of products in the Company’s global markets; and (iii) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

On June 23, 2025, BMO Capital downgraded its recommendation on Dow to “Underperform” from “Market Perform” while also cutting its price target on the Company’s stock to $22.00 per share from $29.00 per share, citing sustained weakness across key end markets and mounting pressure on the Company’s dividend.

On this news, Dow’s stock price fell $0.89 per share, or 3.21%, to close at $26.87 per share on June 23, 2025.

Then, on July 24, 2025, Dow issued a press release reporting its financial results for the second quarter of 2025.  Therein, Dow reported a non-GAAP loss per share of $0.42, significantly larger than the approximate $0.17 to $0.18 per share loss expected by analysts.  Dow also reported net sales of $10.1 billion, representing a 7.3% year-over-year decline and missing consensus estimates by $130 million, “reflecting declines in all operating segments.”  The Company further reported, inter alia, that “[s]equentially, net sales were down 3%, as seasonally higher demand in Performance Materials & Coatings was more than offset by declines across the other operating segments.”  Defendant Fitterling blamed these disappointing results on “the lower-for-longer earnings environment that our industry is facing, amplified by recent trade and tariff uncertainties,” while providing a dour outlook marked by “signs of oversupply from newer market entrants who are exporting to various regions at anti-competitive economics.”

In a separate press release issued the same day, Dow revealed that it was cutting its dividend in half, from $0.70 per share to only $0.35 per share, citing the need for “financial flexibility amidst a persistently challenging macroeconomic environment.”

Following these disclosures, Dow’s stock price fell $5.30 per share, or 17.45%, to close at $25.07 per share on July 24, 2025.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com. 

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

Regulated

Acquisition of own shares 

Brussels, October 20, 2025 - 17:45 CET

In accordance with article 7:215 of the Belgian Code of Companies and Associations, Syensqo SA (“Syensqo” or the “Company”) pursues its Share Buyback Program (or the “Program”) announced on September 30, 2024, covering up to €300 million.

The fourth tranche began on July 31, 2025 and will cover a maximum amount of up to €50 million (of the €300 million Program). The Company intends to cancel all shares acquired through this tranche. 

In the framework of this tranche, Syensqo announces that it has repurchased 64,000 Syensqo shares in the period from October 13, 2025 up to and including October 17, 2025, as follows: 

Date of purchase Market / MTF Number of shares Average price paid (€) Total (€) Lowest price paid (€) Highest price paid (€) 13-Oct-25 CEUX 2,000 65.95 131,892.00 65.38 66.70 13-Oct-25 XBRU 11,000 66.54 731,921.30 65.38 66.76 14-Oct-25 CEUX 2,000 66.10 132,204.80 65.86 66.50 14-Oct-25 XBRU 11,000 66.06 726,667.70 65.82 66.50 15-Oct-25 CEUX 2,000 66.96 133,925.00 66.32 67.46 15-Oct-25 XBRU 11,000 66.71 733,856.20 66.34 67.42 16-Oct-25 CEUX 2,000 66.78 133,564.40 66.38 67.10 16-Oct-25 XBRU 11,000 67.07 737,811.80 66.38 67.18 17-Oct-25 CEUX 2,000 67.85 135,702.40 66.56 68.76 17-Oct-25 XBRU 10,000 68.14 681,433.00 66.54 68.74 Total
  64,000
  4,278,979
 
 
As of October 17, 2025, the Company held a total of 1,745,858 own shares, spread out as follows:

143,455 Syensqo shares acquired in the framework of the third tranche of the Share Buyback Program, and yet to be cancelled; 205,000 Syensqo shares acquired in the framework of the fourth tranche of the Share Buyback Program;746,031 Syensqo shares acquired in the framework of the Long Term Incentive Plan (LTIP) share purchase program that was completed on October 23, 2024;651,372 Syensqo shares by Syensqo Stock Option Management SRL (“SSOM”), a wholly owned indirect subsidiary of the Company. About Syensqo

Syensqo is a science company developing groundbreaking solutions that enhance the way we live, work, travel and play. Inspired by the scientific councils which Ernest Solvay initiated in 1911, we bring great minds together to push the limits of science and innovation for the benefit of our customers, with a diverse, global team of more than 13,000 associates in 30 countries.

Our solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices and healthcare applications. Our innovation power enables us to deliver on the ambition of a circular economy and explore breakthrough technologies that advance humanity.

Learn more at www.syensqo.com.

Contacts

Safe harbor
This press release may contain forward-looking information. Forward-looking statements describe expectations, plans, strategies, goals, future events or intentions. The achievement of forward-looking statements contained in this press release is subject to risks and uncertainties relating to a number of factors, including general economic factors, interest rate and foreign currency exchange rate fluctuations, changing market conditions, product competition, the nature of product development, impact of acquisitions and divestitures, restructurings, products withdrawals, regulatory approval processes, all-in scenario of R&I projects and other unusual items. Consequently, actual results or future events may differ materially from those expressed or implied by such forward-looking statements. Should known or unknown risks or uncertainties materialize, or should our assumptions prove inaccurate, actual results could vary materially from those anticipated. The Company undertakes no obligation to publicly update or revise any forward-looking statements.

Useful links

Earnings materialsStrategyShare informationCredit informationSeparation documentsWebcasts, podcasts and presentationsAnnual Integrated ReportSubscribe to our distribution list Acquisition d'actions propres 

Bruxelles, le 20 octobre 2025 - 17:45 CET

Conformément à l'article 7:215 du Code belge des sociétés et des associations, Syensqo SA (« Syensqo » ou la « Société ») poursuit son programme de rachat d'actions (ou le « Programme ») annoncé le 30 septembre 2024, portant sur un montant maximum de €300 millions.

La quatrième tranche a débuté le 31 juillet 2025 pour un montant maximum pouvant aller jusqu’à 50 millions € (dans le cadre du programme de 300 millions €). La Société a l’intention d’annuler toutes les actions acquises dans le cadre de cette tranche.

Dans le cadre de cette tranche, Syensqo annonce qu'elle a racheté 64 000 actions Syensqo dans la période du 13 octobre au 17 octobre 2025 inclus, comme suit:

Date d'achat Marché / MTF Nombre d’actions Prix ​​moyen payé (€) Total (€) Prix payé ​​le plus bas (€) Prix payé ​​le plus haut (€) 13-Oct-25 CEUX 2,000 65.95 131,892.00 65.38 66.70 13-Oct-25 XBRU 11,000 66.54 731,921.30 65.38 66.76 14-Oct-25 CEUX 2,000 66.10 132,204.80 65.86 66.50 14-Oct-25 XBRU 11,000 66.06 726,667.70 65.82 66.50 15-Oct-25 CEUX 2,000 66.96 133,925.00 66.32 67.46 15-Oct-25 XBRU 11,000 66.71 733,856.20 66.34 67.42 16-Oct-25 CEUX 2,000 66.78 133,564.40 66.38 67.10 16-Oct-25 XBRU 11,000 67.07 737,811.80 66.38 67.18 17-Oct-25 CEUX 2,000 67.85 135,702.40 66.56 68.76 17-Oct-25 XBRU 10,000 68.14 681,433.00 66.54 68.74 Total
  64,000
  4,278,979
 
  Au 17 octobre 2025, la Société détenait un total de 1,745,858 actions propres, réparties comme suit :

143,455 actions Syensqo dans le cadre de la troisième tranche du programme  de rachat d’actions et qui doivent encore être annulées.205,000 actions Syensqo acquises dans le cadre de la quatrième tranche du programme de rachat d’actions ;746,031 actions Syensqo dans le cadre du programme de rachat d'actions LTIP qui a pris fin le 23 octobre 2024 et651,372 actions Syensqo par Syensqo Stock Option Management SRL (“SSOM”), une filiale indirecte détenue à 100 % par Syensqo.  A propos de Syensqo

Syensqo est une entreprise fondée sur la science qui développe des solutions novatrices permettant d’améliorer notre façon de vivre, de travailler, de voyager et de nous divertir. Inspirés par les congrès scientifiques initiés par Ernest Solvay en 1911, nous réunissons des talents brillants qui repoussent sans cesse les limites de la science et de l'innovation au profit de nos clients, avec plus de 13 000 employés.

Nous développons des solutions qui contribuent à offrir des produits plus sûrs, plus propres et plus durables, que l’on retrouve dans l’habitat, l'alimentation, et les biens de consommation, les avions, les voitures, les batteries, les appareils électroniques et les soins de santé. Notre force d'innovation nous permet de concrétiser l'ambition d'une économie circulaire et d'explorer des technologies révolutionnaires qui feront progresser l'humanité.

Plus d’informations sur www.syensqo.com.

Contacts

Informations prospectives
Ce communiqué peut contenir des informations prospectives. Les déclarations prospectives décrivent les attentes, plans, stratégies, objectifs, événements futurs ou intentions. La réalisation des déclarations prospectives contenues dans ce communiqué est sujette à des risques et à des incertitudes en raison d'un certain nombre de facteurs, y compris des facteurs économiques d'ordre général, les fluctuations des taux d'intérêt et des taux de change; l'évolution des conditions de marché, la concurrence des produits, la nature du développement d'un produit, l'impact des acquisitions et des désinvestissements, des restructurations, du retrait de certains produits; du processus d'approbation réglementaire, des scénarii globaux des projets de R&I et d'autres éléments inhabituels. Par conséquent, les résultats réels ou événements futurs peuvent différer sensiblement de ceux exprimés ou implicites dans ces déclarations prospectives. Si de tels risques connus ou inconnus ou des incertitudes se concrétisent, ou si nos hypothèses s'avéraient inexactes, les résultats réels pourraient différer considérablement de ceux anticipés. La société ne s'engage nullement à mettre à jour publiquement ses déclarations prospectives.

Liens utiles

Informations financièresStratégieLe titre SyensqoObligations et notation financièreSeparation documentsWebcasts, podcasts et présentationsRapport Annuel IntégréS’inscrire à notre liste de diffusion Verwerving van eigen aandelen

Brussel, 20 oktober 2025 – 17u45 CET

In overeenstemming met artikel 7:215 van het Belgische Wetboek van Vennootschappen en Verenigingen zet Syensqo SA (“Syensqo” of de “Vennootschap”) zijn aandeleninkoopprogramma (of het “Programma”), aangekondigd op 30 september 2024, voort voor een bedrag van maximaal €300 miljoen.

De vierde tranche begon op 31 juli 2025 en zal een maximumbedrag van €50 miljoen dekken (onder het Programma van €300 miljoen). De Vennootschap heeft de intentie om alle aandelen die zijn verworven via deze tranche, te annuleren.

Als onderdeel van deze tranche kondigt Syensqo aan dat het 64,000 Syensqo-aandelen heeft ingekocht in de periode van 13 oktober tot en met 17 oktober 2025, als volgt:  

Verwervings-
datum Markt / MTF Aantal aandelen Gemiddelde betaalde prijs (€) Totaal (€) Laagste betaalde prijs (€) Hoogste betaalde prijs (€) 13-Oct-25 CEUX 2,000 65.95 131,892.00 65.38 66.70 13-Oct-25 XBRU 11,000 66.54 731,921.30 65.38 66.76 14-Oct-25 CEUX 2,000 66.10 132,204.80 65.86 66.50 14-Oct-25 XBRU 11,000 66.06 726,667.70 65.82 66.50 15-Oct-25 CEUX 2,000 66.96 133,925.00 66.32 67.46 15-Oct-25 XBRU 11,000 66.71 733,856.20 66.34 67.42 16-Oct-25 CEUX 2,000 66.78 133,564.40 66.38 67.10 16-Oct-25 XBRU 11,000 67.07 737,811.80 66.38 67.18 17-Oct-25 CEUX 2,000 67.85 135,702.40 66.56 68.76 17-Oct-25 XBRU 10,000 68.14 681,433.00 66.54 68.74 Total
  64,000
  4,278,979
 
  Op 17 oktober 2025 bezat de Vennootschap in totaal 1,745,858 eigen aandelen, als volgt verdeeld:

143,455 Syensqo-aandelen in het kader van de derde tranche van het aandeleninkoopprogramma, en nog te annuleren.205,000 Syensqo-aandelen in het kader van de vierde tranche van het huidige programma ;746,031 Syensqo-aandelen in het kader van het LTIP Share Buyback Program dat eindigde op 23 oktober 2024;651,372 Syensqo-aandelen door Syensqo Stock Option Management SRL (“SSOM”), een volledige indirecte dochteronderneming van de Vennootschap. Over Syensqo

Syensqo is een wetenschapsbedrijf dat baanbrekende oplossingen ontwikkelt die de manier waarop we leven, werken, reizen en ons vermaken verbeteren. Geïnspireerd door de wetenschappelijke raden die Ernest Syensqo in 1911 organiseerde, brengen we het briljante talent samen dat de grenzen van wetenschap en innovatie verlegt ten voordele van onze klanten, met een wereldwijd team van meer dan 13.000.

Onze oplossingen dragen bij aan veiligere, schonere en duurzamere producten in huizen, voeding en consumptiegoederen, vliegtuigen, auto's, batterijen, slimme apparaten en toepassingen in de gezondheidszorg. Onze innovatiekracht stelt ons in staat om de ambitie van een circulaire economie waar te maken en baanbrekende technologieën te ontwikkelen die de mensheid vooruit helpen.

Meer informatie op www.syensqo.com.

Contacts

Wettelijke bepaling als bescherming tegen onredelijke aansprakelijkheidsstellingen
Dit persbericht kan toekomstgerichte informatie bevatten. Toekomstgerichte verklaringen beschrijven verwachtingen, plannen, strategieën, doelen, toekomstige gebeurtenissen of intenties. De verwezenlijking van toekomstgerichte verklaringen die in dit persbericht staan, is onderworpen aan en is afhankelijk van risico's en onzekerheden verbonden aan verschillende factoren, waaronder algemene economische factoren, schommelingen van interestvoeten en wisselkoersen; veranderende marktcondities, concurrentie op producten, de aard van de productontwikkeling, het effect van verwervingen en verkopen, herstructureringen, terugtrekkingen van producten; goedkeuringen door regelgevers, het all-in scenario van onderzoeks- en innovatieprojecten en andere ongebruikelijke zaken. Om deze reden kunnen de actuele of toekomstige resultaten wezenlijk afwijken van de resultaat die expliciet gemeld worden of impliciet besloten zijn in dergelijke toekomstgerichte verklaringen. Mochten bekende of onbekende risico's of onzekerheden zich voltrekken of mochten onze aannames onjuist blijken te zijn, dan kunnen de daadwerkelijke resultaten sterk afwijken van de verwachte resultaten. Syensqo verplicht zich niet om toekomstgerichte verklaringen publiekelijk te actualiseren of te herzien.

Nuttige links

Results’ documentationStrategieDeel informatieKredietinformatieSeparatiedocumentenWebcasts, podcasts en presentationsGeïntegreerd jaarverslagSchrijf je in voor onze mailinglijst

20251020_Acquisition of shares_FR

20251020_Acquisition of shares_NL

20251020_Acquisition of shares_EN

Key Takeaways UI is cutting lead times and refining inventory to meet rising demand and support customer growth.Upgrades to UniFi and AmpliFi ecosystems and disruptive pricing strengthen UI's market position.UI's R&D and flexible, community-led model aim to expand its market and sustain industry leadership.
Ubiquiti Inc. (UI - Free Report) has made significant investments to reduce lead times and optimize inventory levels, meet increasing demand and support the growing number of customers. The company’s effective management of its strong global network of more than 100 distributors and master resellers has improved its visibility for future demand as well as its inventory management techniques. Ubiquiti follows a scalable community-led approach based on product feedback from customers, while periodic reporting by channel partners has added to operational strength. We expect this resilient business model to contribute significantly to its growth momentum through disruptive price offerings.

In addition, Ubiquiti spends significantly on research and development (R&D) activities for developing innovative products and state-of-the-art technology to expand its addressable market and stay on the cutting edge of networking technology. The company believes its new product pipeline will help it increase average selling prices for high-performance, best-value products, thus raising the top line.

It upgraded the UniFi ecosystem, which includes hotspot analytics and high-density WLAN improvements, and added new features to the AmpliFi product family. The company’s product launches at disruptive prices helped it beat rivals to a great extent. Apart from introducing products, reducing labor-related costs also remains one of the chief highlights of the R&D initiatives. The company believes investments in R&D, inventory and operations management will help it expand the addressable market and maintain its dominant foothold in the industry.

Key Growth Drivers for UIUbiquiti offers a comprehensive portfolio of networking products and solutions. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing. Its enterprise product platforms provide wireless LAN infrastructure, video surveillance products and machine-to-machine communication components.

Backed by a rapidly growing and highly engaged community of service providers, distributors, value-added resellers, systems integrators and corporate IT professionals, referred to as the Ubiquiti Community, the company’s business model is highly flexible and adaptable to market demands. The company maintains a proprietary network communication platform that is committed to reducing operational costs by using a self-sustaining mechanism for rapid product support and dissemination of information by leveraging the strength of the Ubiquiti Community.

Ubiquiti aims to benefit from significant growth opportunities in both emerging and developed economies. These include relentless pursuit by emerging countries to stay connected with the world through the adoption of wireless networking infrastructure, as developed economies aim to bridge the demand-supply gap for higher bandwidth.

Other Firms Operating in This SpaceInterDigital, Inc. (IDCC - Free Report) is a pioneer in advanced mobile technologies enabling wireless communications and capabilities. InterDigital designs and develops a whole range of advanced technology solutions for use in digital cellular as well as wireless 3G, 4G, and IEEE 802-related products and networks.

Arista Networks, Inc. (ANET - Free Report) is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experiences. Arista is well-positioned for healthy growth in the data-driven cloud networking business with proactive platforms and predictive operations.

Qualcomm Incorporated (QCOM - Free Report) is well-positioned to meet its long-term revenue targets driven by solid 5G traction, greater visibility and a diversified revenue stream. Qualcomm is increasingly focusing on the seamless transition from a wireless communications firm for the mobile industry to a connected processor company for the intelligent edge.

Nasdaq-listed Greenlane secured a $110 million private placement to amass a BERA crypto treasury.

Summary

Publicly traded firm Greenlane announced a $110 million BERA treasury strategy
Investors in this private placement include Polychain Capital, Kraken, and more
The company will be buying BERA with OTC and market purchases

Altcoins are increasingly becoming popular on Wall Street. On Monday, Oct. 20, Greenlane Holdings announced a $110 million private placement to create a Berachain (BERA) token treasury. The Nasdaq-listed firm aims to become the largest publicly traded holder of BERA.

The private placement is led by Polychain Capital, with participation from Blockchain.com, Kraken, North Rock Digital, CitizenX, dao5, and more. As part of this strategy, the firm will launch a crypto asset management arm, BeraStrategy, with new leadership.

“BeraStrategy represents a key step in Berachain’s broader engagement with capital markets and institutional participants. The team’s deep conviction in our ecosystem, combined with their experience across traditional finance, crypto markets, and retail communities, positions them perfectly to expand BERA’s reach and impact,” said Jonathan Ip, General Counsel, Berachain Foundation.

Investors welcome Greenlane’s BERA crypto treasury
Berachain (BERA) is a layer 1 blockchain for decentralized applications, with a unique Proof of Liquidity validation model. This means that validators need to provide liquidity to the ecosystem to earn yield on the network. The network secured significant institutional backing, including from Polychain, OKX, Brevan Howard and more.

“I believe BERA’s key differentiation is its yield source – in contrast to historic PoS chains like Ethereum and Solana, BERA’s yield is fueled by the monetization of its block rewards. I think there’s untapped potential in Berachain’s institutional growth as a whole” said Ben Isenberg, incoming Chief Investment Officer of BeraStrategy.

Markets seemed to have approved of Greenlane’s treasury move. Following the announcement, the GNLN stock rose 30% in premarket trading.

Journalist

Posted: October 20, 2025

Key Takeaways
What’s driving Synthetix’s latest 25% surge?
A $57 million inflow across on-chain and perpetual markets, plus a $1M trading competition, boosted liquidity and investor confidence.

Can SNX reach $2 soon?
A breakout above $1.9 resistance could push SNX toward $2.19, with Parabolic SAR signaling further upside if bullish momentum continues.

Synthetix [SNX] has surged by 25% in the market, making it one of the top gainers in the crypto market over the past day.

The sudden interest and spike in trading activity pushed its trading volume to $370 million, following the launch of a trading competition that sets aside $1 million for 100 selected traders.

AMBCrypto has since analyzed whether this renewed momentum could push the asset to reach new heights in the market.

Liquidity surge sparks renewed growth
Liquidity surge has been one of the major factors driving SNX’s growth across two key market segments—the on-chain and derivative phases.

On-chain liquidity rose by an additional $20 million, calculated from the change in Total Value Locked (TVL), which now stands at $194 million.

Source: DeFiLlama

Perpetual investors took a major share of the liquidity inflow over the past day, adding about $37 million in contract positions to the market.

This implied that more contracts—most likely long (bullish)—were being opened as the price climbed.

Some investors hold back
The liquidity surge in the past day did not come with full market alignment. In fact, spot market investors and some perpetual traders remain cautious about an upward rally.

In the past 48 hours, these groups collectively sold $8.53 million worth of SNX into the market, marking the highest sell-off recorded within this timeframe.

Source: CoinGlass

Likewise, the perpetual market for SNX showed that the Open Interest Weighted Funding Rate was negative, with a reading of -0.0148.

Thus, the majority of contracts in the market are still largely positioned for a downside move.

Importantly, this does not disregard the rising surge in Open Interest. Liquidations in the market against short positions, valued at $847,000, suggest that the bulls are still gaining momentum.

SNX’s potential move to $2 depends on two major factors. The first is market momentum, reflected in the recent $57 million inflow over the past 24 hours. The second factor is the resistance level at $1.9 on the chart.

Breaking above this level would likely push SNX toward its next target at $2.19, where a supply zone is visible.

Surpassing this next resistance at $2.19 could open the way for a rally to $2.57 — the highest level the asset has traded this year.

Source: TradingView

Currently, the Parabolic SAR (Stop and Reverse) indicator—shown as dots on the chart—supports this outlook. With the Parabolic SAR dots now below the price, it suggests that the asset is likely to push higher.

Dogecoin price faces renewed selling pressure at the $0.20 resistance, with weak volume suggesting a possible rotation toward the $0.15 support zone before the next move.

Summary

$0.20 acts as major resistance and POC confluence.
Weak volume suggests a pullback toward $0.15 support.
Reclaiming $0.20 could trigger bullish continuation toward $0.26.

Dogecoin’s (DOGE) price action remains volatile as it struggles to reclaim the $0.20 resistance zone following a short-term bounce. This region aligns with the point of control (POC) and acts as a critical technical barrier for bullish continuation. Despite the recent rebound attempt, the underlying volume remains weak, raising the probability of a retracement toward the $0.15 support, a high-time-frame level that has yet to be retested in the current market cycle.

Adding to this, Thumzup Media Corporation has revealed plans to integrate Dogecoin into its ecosystem, a development that could potentially boost sentiment around the meme coin if successfully implemented.

Dogecoin price key technical points

Major Resistance Zone: The $0.20 region aligns with the Point of Control and represents the main resistance area.
Weak Volume: The current bounce lacks sufficient bullish volume, signaling limited momentum.
Next Support Target: A move toward the $0.15 daily support may occur before accumulation begins.

DOGEUSDT (1D) Chart, Source: TradingView
From a technical standpoint, Dogecoin is trading within a pivotal structure between two significant price levels, the $0.20 resistance and the $0.15 support. The upper boundary at $0.20 remains a critical obstacle, coinciding with the POC and historical resistance, where several prior rejections have taken place.

Following a rejection from this level, price action is attempting to rotate higher, but the low volume accompanying this bounce suggests weak buyer conviction. This raises the probability of another downward move as Dogecoin seeks stronger liquidity at lower levels.

The $0.15 region serves as a key high-time-frame support that has not yet been tested, and a retest here would likely determine whether accumulation can begin.

The current market structure suggests that Dogecoin is positioned within a transitional range. While the $0.20 resistance remains unbroken, the market continues to exhibit signs of distribution rather than expansion. The key for bulls lies in generating enough volume to reclaim this zone and shift the structure toward bullish continuation.

A confirmed daily close above $0.20 with rising volume would signal the start of an impulsive move toward the next high-time-frame resistance near $0.26. Until then, the price remains range-bound, with risks tilted toward a short-term pullback to retest lower supports.

What to expect in the coming price action
If Dogecoin fails to reclaim the $0.20 resistance soon, the likelihood of a rotation toward $0.15 increases. This level is expected to act as a demand zone where accumulation could take place. A successful retest and rebound would open the probability of renewed momentum and potentially initiate a range breakout toward $0.26.

Tom Lee's Bitmine Immersion Adds $800M of Ether, Bringing ETH Holdings Over $13BThe digital asset treasury bubble might have burst, as chairman Thomas Lee said, but the firm added over $1.6 billion worth of ETH during the crypto correction. Oct 20, 2025, 2:05 p.m.

BitMine Immersion Technologies (BMNR), the Ethereum-focused digital asset treasury company led by Fundstrat's Thomas Lee, extended its ether ETH$4,061.94 buying streak purchasing over 200,000 tokens, roughly $800 million, through last week.

After the latest purchase, the company held $13.4 billion in combined crypto, equity and cash assets as of Sunday evening, it said in a press release. That includes over $219 million in unencumbered cash, 192 bitcoin BTC$111,296.88 and a $119 million equity stake in Eightco Holdings (ORBS). The ETH portion accounted for the majority of BitMine’s holdings, now standing at 3.24 million tokens, worth a bit over $13 billion at current prices. That's about 2.7% of the total ETH supply, with the firm's ambition to reach 5%.

Bitmine's stock gained 8% as crypto prices modestly bounced over the weekend.

The latest purchase means that the firm bought roughly $1.6 billion in ETH over the past two weeks as crypto prices tumbled, culminating in a dramatic crash on October 10. The company saw the correction a buying opportunity as the "price dislocation represents an attractive risk/reward," chairman Thomas Lee said.

Lee also said last week that the "bubble" of digital asset treasury firms might have already burst with many recently launched companies trading below the net asset value of their holdings. BMNR is still holding on to a slight premium to its holdings, Blockworks data shows.

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

More For You

Crypto Exchange Gemini Launches Solana-Themed Credit Card With Auto-Staking Rewards

The new Solana edition of the Gemini Credit Card lets users earn up to 4% back in SOL and auto-stake rewards for extra yield.

What to know:

Gemini has launched a Solana-branded credit card with automatic staking for SOL rewards.Cardholders can earn up to 4% back in SOL on purchases and stake rewards for up to 6.77% yield.The launch taps into Solana’s strong community and high performance as one of crypto’s fastest-growing ecosystems.Read full story

TLDR:

Table of Contents

TLDR:Ripple-Backed Funding and Institutional SupportEvernorth’s Vision for Institutional XRP GrowthGet 3 Free Stock Ebooks

Evernorth’s $1B merger with Armada will create the largest XRP treasury firm on Nasdaq.
Ripple, SBI, and Pantera Capital back Evernorth’s bid to expand XRP’s institutional reach.
Asheesh Birla, former Ripple exec, will lead Evernorth’s push for XRP ecosystem growth.
The XRPN listing could mark a milestone for regulated XRP exposure in U.S. markets.

Evernorth Holdings has made a move that could reshape XRP’s role in public markets. 

The company announced plans to go public through a business combination with Armada Acquisition Corp II. The deal could raise more than $1 billion in gross proceeds and position Evernorth as the largest public XRP treasury firm. If approved, it will trade on Nasdaq under the ticker XRPN. 

Ripple-Backed Funding and Institutional Support
The deal pools funding from major crypto and fintech players, including Ripple, SBI Holdings, Kraken, GSR, and Pantera Capital. Ripple co-founder Chris Larsen also joined as an investor, highlighting institutional confidence in the XRP-focused model.

According to Evernorth’s announcement, the funds will primarily go toward open-market XRP purchases. The goal is to build what the company describes as the world’s leading institutional XRP treasury.

A portion of the raised capital will also support corporate operations, transaction expenses, and ecosystem development efforts. Ripple executives, including Brad Garlinghouse and David Schwartz, are expected to act as strategic advisors.

Evernorth CEO Asheesh Birla, a former Ripple executive, said the company’s approach targets both yield generation and ecosystem expansion. He explained that Evernorth aims to blend traditional finance yield models with decentralized finance (DeFi) strategies to grow its XRP holdings over time.

🚨 Big news: we’re going public.

We’ve entered into a business combination agreement with Armada Acquisition Corp II — a transaction expected to raise over $1B, creating the largest public XRP treasury company on the Nasdaq under “$XRPN.”

Learn more: https://t.co/MxamYqnatw pic.twitter.com/ZccPKerPOM

— evernorthxrp (@evernorthxrp) October 20, 2025

Evernorth’s Vision for Institutional XRP Growth
Evernorth’s design gives investors exposure to XRP through a publicly listed structure rather than an ETF. 

The firm intends to increase XRP per share by participating in liquidity provision, lending, and DeFi yield farming. XRP’s established legal framework and long-standing liquidity make it appealing to institutional investors, the company said.

The initiative also involves validator participation to enhance the XRP Ledger’s resilience and decentralization. Evernorth plans to integrate Ripple’s RLUSD stablecoin to open access to DeFi protocols that use XRP as collateral.

Evernorth’s leadership team brings deep experience in capital markets and finance. The firm stated that its governance remains independent despite Ripple’s involvement as a strategic investor.

According to the release, the merger has been unanimously approved by both companies’ boards. The transaction is expected to close in the first quarter of 2026, pending shareholder approval and regulatory clearance. 

Once listed, XRPN could become a key gateway for institutional access to XRP in the U.S. market.

BitMine is riding an 8% stock surge fueled by its latest disclosure, which revealed a colossal Ethereum holding of 3.24 million tokens and a bold strategy to acquire even more during market downturns.

Summary

BitMine stock rose over 8% after disclosing 3.24 million ETH holdings.
The firm’s total crypto and cash reserves now make it the world’s largest Ethereum treasury and second-largest overall after Strategy.
BitMine’s stock ranks 33rd among U.S. equities by trading volume, reflecting growing investor appetite for crypto-linked corporations.

According to a press release dated Oct. 20, BitMine Immersion Technologies aggressively added 203,800 Ether (ETH) to its corporate treasury during a significant market deleveraging event last week.

BitMine said the acquisition, valued at roughly $800 million, pushes the company’s total ETH holdings to 3.24 million tokens. Chairman Thomas “Tom” Lee framed the move as capitalizing on a “price dislocation,” stating the firm seized the opportunity to accelerate its progress toward a previously stated goal it calls the “Alchemy of 5%.”

“The crypto market saw one of its largest deleveraging events ever last week and this put downward pressure on ETH prices. Open interest for ETH sits at the same levels as seen on June 30th of this year (ETH was $2,500). Given the expected Supercycle for Ethereum, this price dislocation represents an attractive risk/reward,” Lee said.

BitMine’s Ethereum bet reshapes corporate crypto strategy
BitMine disclosed $219 million in unencumbered cash, a modest position of 192 Bitcoin, and a $119 million stake in Eightco Holdings, which it classifies under its “moonshots” equity investments. These combined assets bring the firm’s total crypto, cash, and moonshot holdings to a reported $13.4 billion, cementing its position as the world’s second-largest corporate crypto treasury after Michael Saylor’s Strategy.

Notably, the company’s latest disclosure also reshaped its equity performance. BitMine’s stock climbed more than 8% following the update, extending a months-long uptrend driven by aggressive ETH purchases and expanding investor interest in on-chain treasury models.

According to Fundstrat data, BitMine is now the 33rd most traded stock in the United States, with average daily turnover of $2.1 billion, placing it just behind Costco and ahead of Eli Lilly among over 5,700 listed companies. Together with Strategy, the two firms now account for 88% of all global digital asset–themed trading volume, a staggering concentration that reflects both liquidity demand and investor conviction in crypto-tied equities.

BitMine’s stock momentum appears tightly coupled to Ethereum’s market recovery. According to crypto.news data, ETH has rebounded nearly 3% in the past 24 hours, reclaiming the $4,000 mark after last week’s deleveraging shock that saw the broader crypto market shed billions in open interest.

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

A crypto market analyst with username @MrDegenWolf on X has predicted that the Ethereum (ETH) price could hit $18,000 by the end of 2025. This forecast comes amid fresh enthusiasm on the crypto market, which saw ETH climb past the $4,000 level.

7 reasons why Ethereum price is set for explosionIn an X post, MrDegenWolf highlighted seven reasons why Ethereum is primed to hit $18,000 by the end of year. The points spotlighted by the analysts, essentially, revolved around Ethereum fundamentals and momentum.

The first point gave a nod to stablecoins, as the analyst claimed they are the future of Traditional Finance (TradFi).

It is important to note that the ETH blockchain hosts a huge percentage of the stablecoin market. The blockchain powers everything from remittances to tokenized treasuries. Thus, more stablecoin issuance means more demand for ETH.

Notably, Tether (USDT), the largest stablecoin, is a dominant force in crypto liquidity, with a market cap of $181.9 billion. The USDT stablecoin is predominantly issued on Ethereum.

ETH is going to $18K by end of year

> stablecoins are the future of TradFi
> Tether is valued at $500B
> SEC is approving staking ETF
> DATs are generating insane yield on ETH
> Bonds are not the most interesting asset anymore
> World's runs on ETH
> 30% staked

CT is sidelinETH https://t.co/jCEetltlH9

— degenwolf.base.eth (@MrDegenWolf) October 19, 2025 Therefore, if Tether hits $500 billion, according to MrDegenWolf, ETH would see trillions in transaction value.

The third reason why ETH could hit $18,000, according to MrDegenWolf, is if the U.S. SEC decides to approve staking Ethereum ETFs.

Backtracking, the Ethereum ETFs launched in mid-2024 without staking, due to some regulatory concerns. However, the new crypto-friendly SEC administration is open to adding staking to such products.

Top asset managers that have submitted filings to incorporate staking into their existing ETH ETF offerings include Grayscale, Fidelity⁠⁠⁠⁠⁠⁠⁠ and 21Shares.

A Spike in ETH Treasury FirmsThe fourth reason spotlighted by MrDegenWolf to fuel ETH breakout is the recent spike in firms' accumulation of ETH as a reserve asset.

The analyst noted that digital asset treasury firms are generating ‘insane’ yield on ETH. Firms like SharpLink and BitMine are actively adding ETH to their balance sheet, turning the coin into a productive asset class.

Recently, SharpLink announced it raised an additional $77 million to purchase more ETH coins.

Another reason spotlighted by the analyst is a dwindling interest in traditional bonds. The analyst thinks the eroding appeal for bonds will shift capital into ETH.

Furthermore, the analyst claimed that the world runs on ETH. Indeed, Ethereum is the settlement layer for most on-chain treasuries, NFTs, and Layer-2 solutions.

Finally, they noted that 30% of ETH supply is staked across validators. This locks supply, reduces sell pressure, and secures the network.

homenewsBusinessBitcoin miner Cleanspark launches AI infrastructure division led by veteran Jeffrey Thomas, expanding operations in Georgia

by

Blockworks /

October 20, 2025 10:19 am

Make more Aerials/Shutterstock and Adobe modified by Blockworks

share

Cleanspark announced that it will expand its operations from bitcoin mining into AI infrastructure. 

The Las Vegas-based company said the move marks a “strategic evolution” beyond bitcoin mining as it develops advanced AI data centers to diversify revenue and strengthen long-term cash flow.

As part of this change, the firm has brought on Jeffrey Thomas as Senior Vice President of AI Data Centers.

Thomas brings more than 40 years of experience in emerging technologies and data center development, with leadership spanning the United Kingdom, the United States, Europe, Africa, and the Middle East. He previously served as president of AI Data Centres at Humain, where he led Saudi Arabia’s multi-billion-dollar AI data center initiative, forming partnerships with hyperscalers and global technology firms. 

The company plans to leverage its vertically integrated “infrastructure-first” model—built around its bitcoin mining operations—to support large-scale AI compute. 

Cleanspark’s Chief Development Officer Scott Garrison said the company is assessing new Georgia-based projects, including recently contracted power and real estate in College Park, and is exploring “giga-campus” opportunities across its portfolio to meet growing off-taker demand.

CEO Matt Schultz said Thomas’s appointment will help Cleanspark “expand operations and deliver diversified growth for shareholders” as demand for energy-efficient compute surges. The company’s AI division will operate alongside its bitcoin mining business.

This is a developing story.

This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication.

Get the news in your inbox. Explore Blockworks newsletters:

The Breakdown: Decoding crypto and the markets. Daily.
0xResearch: Alpha in your inbox. Think like an analyst.
Empire: Crypto news and analysis to start your day.
Forward Guidance: The intersection of crypto, macro and policy.
The Drop: Apps, games, memes and more.
Lightspeed: All things Solana.
Supply Shock: Bitcoin, bitcoin, bitcoin.

TagsAIMiningDecoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research

The march toward an interoperable and onchain-by-default internet depends on reliable messaging and value transfer across heterogeneous domains. Crosschain protocols now process >$1.3T in combined annual transfer volume and secure tens of millions of user interactions, yet no single design dominates.

/

news

Breaking headlines across our core coverage categories.

Select a tab

Longtime Ethereum developer developer Dankrad Feist announced he will join Tempo

by

Blockworks /

October 17, 2025

DePIN startup’s raise combines equity from Framework Ventures and project financing from Turtle Hill

by

Blockworks /

October 16, 2025

The team is focused on supporting mini-app devs and may add more privacy features in the future

October 16, 2025

Acquisition adds to Ripple’s 2025 M&A spree as it moves into treasury, brokerage and stablecoin infrastructure

by

Blockworks /

October 16, 2025

HIP-3 launches on mainnet, early builder distribution lifts XYZ100, and vHYPE opens deposits at 11 a.m. ET

October 16, 2025

Andreessen Horowitz invested in the Solana staking protocol

by

Blockworks /

October 16, 2025

TLDR:

Table of Contents

TLDR:BitMine’s Ethereum Strategy and Market PositionInstitutional Confidence and Long-Term GoalsGet 3 Free Stock Ebooks

BitMine purchased 203,800 Ethereum in one week, pushing total holdings to 3.24 million ETH worth $13.4 billion.
The company now controls 2.7% of Ethereum’s circulating supply, moving closer to its 5% accumulation goal.
BitMine ranks as the largest Ethereum treasury globally and trades over $2.1 billion in daily stock volume.
Backed by top investors, BitMine leads peers in crypto NAV growth and trading liquidity on the U.S. markets.

BitMine Immersion Technologies is doubling down on Ethereum. 

The company revealed that it purchased more than 203,000 ETH last week, pushing its total holdings to over 3.24 million tokens. That stash is now worth roughly $13.4 billion, combining crypto, cash, and equity stakes. 

The move cements BitMine’s position as the world’s largest Ethereum treasury. The update came via a press release published on October 20 and shared by Wu Blockchain on X.

BitMine’s Ethereum Strategy and Market Position
According to the company, BitMine’s holdings now represent about 2.7% of all Ethereum in circulation. It’s an aggressive accumulation plan that aims to reach what the firm calls the “Alchemy of 5%.” 

Chairman Thomas “Tom” Lee said the latest purchase came during a period of market volatility that offered an attractive risk-to-reward ratio.

BitMine’s crypto and cash portfolio now includes $219 million in cash, 192 Bitcoin, and $119 million in equity of Eightco Holdings. The company described this mix as its “crypto + cash + moonshots” strategy, combining stable reserves with high-upside assets.

With this position, BitMine stands as the largest Ethereum treasury in the world and the second-largest overall crypto holder behind MicroStrategy. While MicroStrategy’s Bitcoin holdings dominate the market, BitMine has chosen to focus on Ethereum’s long-term growth potential.

Fundstrat data shows BitMine trades roughly $2.1 billion in average daily volume, making it the 33rd most traded U.S. stock. The firm’s liquidity has drawn steady institutional attention from major backers like Cathie Wood’s ARK Invest, Founders Fund, and Galaxy Digital.

BitMine Immersion Technologies (NYSE: BMNR) announced the purchase of approximately 203,800 ETH in the past week. Its total crypto and cash holdings have reached $1.34 billion, including 3.24 million ETH, 192 BTC, $219 million in cash, and $119 million in equity of Eightco…

— Wu Blockchain (@WuBlockchain) October 20, 2025

Institutional Confidence and Long-Term Goals
Lee said BitMine continues to attract capital due to its high liquidity and transparent accumulation strategy. 

He compared today’s crypto transition to the U.S. financial shifts of 1971 that reshaped Wall Street. According to him, projects like the SEC’s Project Crypto and the GENIUS Act could drive similar modernization across finance.

Institutional investors appear to be betting on that vision. 

The company’s stock, listed on NYSE American under BMNR, now trades more actively than some established S&P 500 names. Its trading activity sits between Costco and Eli Lilly, showing the level of investor engagement around its crypto-centric model.

BitMine’s rapid asset growth reflects broader interest in Ethereum as the market anticipates the next bullish cycle. The company plans to keep building toward its 5% supply target while maintaining what it calls “velocity in crypto NAV growth.”

If it hits that milestone, BitMine would own one-twentieth of Ethereum’s entire token supply, a number that could reshape how institutions measure crypto treasuries in the years ahead.

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Bulls remain more powerful than bears at the beginning of the week, according to CoinMarketCap.

Top coins by CoinMarketCapXRP/USDThe rate of XRP has risen by 3.18% over the last 24 hours.

Image by TradingViewOn the hourly chart, the price of XRP has made a false breakout of the local resistance of $2.4783. As most of the daily ATR has passed, there are low chances of seeing sharp moves by tomorrow.

Image by TradingViewOn the longer time frame, the situation is also bullish. Traders should focus on the daily bar's closure in terms of the nearest level of $2.4665. 

You Might Also Like

If its breakout occurs, the accumulated energy might be enough for a test of the $2.60-$2.70 range.

Image by TradingViewFrom the midterm point of view, it is too early to make any long-term predictions. The volume remains low, which means that sideways trading around current prices is the most likely scenario until the end of the month.

XRP is trading at $2.46 at press time.

Evernorth Holdings Inc, a Ripple-backed crypto venture, announced on Monday that it plans to go public on the Nasdaq via a business combination with Armada Acquisition Corp II (AACI), a publicly traded special purpose acquisition company (SPAC). 

The company said it is targeting to raise more $1 billion in gross proceeds, primarily to fund open-market purchases of Ripple (XRP) cryptocurrency to build the world's leading institutional XRP treasury. 

Evernorth also noted that it plans to deploy resources toward advancing the XRP ecosystem more broadly. 

The combined company will operate under the Evernorth name and is expected to trade on Nasdaq under the ticker symbol 'XRPN'. 

The transaction is expected to close in the first quarter of 2026.  

TLDR:

Table of Contents

TLDR:Capital ₿ Strengthens Bitcoin Holdings Amid Program SuspensionBTC Yield and Growth Define Capital ₿’s Treasury StrategyGet 3 Free Stock Ebooks

Capital ₿ acquired 6 BTC for €0.6M, bringing total Bitcoin holdings to 2,818 BTC worth €262.7M.
The company paused its ATM-type capital increase program after completing its latest share issuance.
Capital ₿ reported a 1,657.7% BTC Yield YTD, with a €63.8M Bitcoin gain across its portfolio.
The move reinforces Capital ₿’s strategy as Europe’s first listed Bitcoin Treasury company.

Europe’s first Bitcoin Treasury company is tightening its focus on accumulation. 

Capital ₿, listed on Euronext Growth Paris under ticker ALCPB, announced a fresh purchase of 6 BTC worth €0.6 million while pausing its “ATM-type” capital increase program with TOBAM. 

The move reflects a shift toward strengthening its Bitcoin position rather than issuing more shares. The company’s Bitcoin holdings now stand at 2,818 BTC, valued at €262.7 million.

Capital ₿ Strengthens Bitcoin Holdings Amid Program Suspension
In a release shared on October 20, 2025, and confirmed via posts by Capital ₿ and Alexandre Laizet, the company disclosed the purchase of 6 BTC at an average price of €96,231 per coin. 

The acquisition followed the final completion of a €0.6 million capital increase priced at €1.18 per share under its agreement with TOBAM.

Following the transaction, Capital ₿ temporarily suspended the ATM-type program that allowed flexible share issuances. The company cited volatile share performance during the subscription period, with the new share price carrying a 60.8% premium compared to the prior closing price.

The recent activity pushes Capital ₿’s total Bitcoin position to 2,818 BTC, consolidated through its subsidiary, 

The Blockchain Group Luxembourg SA. The firm’s Bitcoin yield now stands at 1,657.7% year-to-date and 0.1% quarter-to-date, marking one of the most aggressive accumulation strategies by a European-listed entity.

🟠 Capital ₿ has acquired 6 BTC for €0.6 million at €96,231 per bitcoin and has achieved BTC Yield of 1,657.7% YTD, 0.1% QTD. As of 10/20/2025, $ALCPB holds 2,818 $BTC for €262.7 million at €93,223 per bitcoin⚡️

Capital ₿ also temporarily suspends its “ATM-type” capital… https://t.co/754cIOowC6

— Alexandre Laizet ⚡️ (@AlexandreLaizet) October 20, 2025

BTC Yield and Growth Define Capital ₿’s Treasury Strategy
According to Capital ₿’s filing, the company’s BTC gain reached 663.1 BTC YTD, with an additional 2.6 BTC QTD. The euro-denominated gain totaled €63.8 million since January, further cementing the firm’s treasury performance in 2025.

Capital ₿ said the latest capital raise involved 499,600 newly issued shares, subscribed by TOBAM’s funds, including the Bitcoin Enhanced Fund and Bitcoin Alpha Fund. These issuances were conducted under delegated authority from the June 2025 shareholders’ meeting.

The firm stated it remains committed to its Bitcoin Treasury Company model, which focuses on increasing Bitcoin per fully diluted share over time. A presentation outlining this strategy is available on the company’s website.

As of publication, Capital ₿ maintains its position as a leading Bitcoin treasury player in Europe, combining digital asset accumulation with active consulting and AI-driven subsidiaries.

Crypto analyst Cantonese Cat has drawn attention to the current Dogecoin price action, making comparisons with the 36,000% rally recorded in the last cycle. Meanwhile, crypto analyst Ghost has also provided a bullish outlook for the meme coin, predicting it could still rally to $1. 

How The Current Dogecoin Price Action Differs From Last Cycle
In an X post, Cantonese Cat highlighted some differences between the current Dogecoin price action and that from the last cycle, when it recorded a 36,000% rally. The analyst noted that the last cycle was an anomaly because DOGE punched through the ‘Superlchi’ cloud without ever back-testing it that cycle and just went on its massive run.  

Cantonese Cat then went on to mention that the Dogecoin price has punched through this Superlchi cloud in this cycle and claimed it from resistance to support. However, unlike in the previous cycle, DOGE has back-tested this level for more than half a year and has established it as good support. 

Source: Chart from Cantonese Cat on X
The analyst revealed that the most recent back-test happened this month, with a huge wick showing demand. Cantonese Cat explained that this is more consistent with what generally happens during a bull market and asserted that DOGE still has its bullish market structure. The analyst’s accompanying chart showed that $0.18 is the key level that DOGE needs to stay above to maintain this structure. 

Crypto analyst Ghost also indicated that the bull market structure was still intact for the Dogecoin price. This came as the analyst highlighted a ‘Parabolic Arc,’ which they noted is still intact and predicted that the target for DOGE in this cycle is the psychological $1 level. 

A Rebound For DOGE May Be On The Horizon
Crypto analyst Ali Martinez stated that the Dogecoin price wants to rebound and that the key targets are $0.29, $0.45, and $0.86. This follows DOGE’s recent crash below the $0.2 level amid the broader crypto market decline. This has occurred due to rising trade tensions between the U.S. and China with the Trump tariffs. 

Meanwhile, crypto analyst Trader Tardigrade stated that a double bottom is on the way for the Dogecoin price. He added that a catalyst is needed to ignite this next move up for DOGE. A potential catalyst could be the imminent rate cut, with the Fed expected to lower rates at next week’s FOMC meeting. Trump is also set to meet China’s President Xi Jinping, which could ease trade tensions and potentially lead to a trade deal between the two countries.

At the time of writing, the Dogecoin price is trading at around $0.2, up over 5% in the last 24 hours, according to data from CoinMarketCap.

DOGE trading at $0.20 on the 1D chart | Source: DOGEUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com

BlackRock has launched its iShares Bitcoin exchange-traded product (ETP) available on the London Stock Exchange (LSE), which has been a landmark event for the UK's retail crypto investment sector. The launch comes after the Financial Conduct Authority (FCA) lifted its ban on retail access to crypto-based exchange-traded notes (ETNs) in 2021.

In brief
BlackRock's iShares Bitcoin ETP is now available to UK retail investors on the London Stock Exchange, backed by bitcoin held through Coinbase custody.
BlackRock's U.S. Bitcoin ETF became the firm's most profitable fund in just 21 months, though it fell short of the $100 billion milestone amid last week's market crash.
BlackRock CEO Larry Fink has pivoted on crypto, from calling Bitcoin "an index of money laundering” in 2017 to saying crypto serves "the same purpose as gold" as an alternative asset.
BlackRock has launched its first Bitcoin exchange-traded product for UK retail investors, opening institutional-grade crypto access to Britain's retail market amid volatile trading conditions.

The iShares Bitcoin ETP began trading on the London Stock Exchange on Monday, with securities physically backed by Bitcoin held through Coinbase, as per the Financial Times report.

"As the UK crypto investor base is projected to approach 4 million over the next year, today's listing of exchange-traded products like iShares Bitcoin ETP unlock a securer gateway to digital assets through traditional investment platforms,” the firm's EMEA head of global product Jane Sloan said, speaking to the FT.

"Built on institutional-grade infrastructure, [the product] enables UK investors to gain exposure to Bitcoin with the confidence of robust custody and regulatory oversight," Sloan added.

The product features institutional-grade security protocols, with Coinbase transferring Bitcoin from trading wallets into segregated, offline cold storage by day's end.

The UK launch follows the runaway success of BlackRock's U.S. spot Bitcoin ETF, which became the firm's most profitable fund just 21 months after launch, now managing over $87.5 billion in assets.

“Further steps” aheadThe fund was on track to hit $100 billion in assets under management and become the youngest ETF to cross that milestone, but last week's market crash derailed the timeline.

“The launch signals the advancing institutional acceptance of Bitcoin as an investable asset class by both major regulators and global asset managers,” Fabian Dori, Chief Investment Officer at Sygnum, told Decrypt.

Dori expects the UK launch to pave the way for broader crypto product offerings, noting that "in the U.S., additional ETPs beyond BTC/ETH and the first diversified crypto baskets are progressing through preparatory stages.”

“At the same time, various traditional managers are expanding their digital-asset footprint, including tokenized securities in BlackRock’s case,” he added.

He said it's reasonable to expect the Financial Conduct Authority to "proceed deliberately" by monitoring market conduct and retail outcomes before "broadening issuer participation" and considering additional crypto assets "in close alignment with other major financial centres."

Larry Fink’s flip on BitcoinThe launch also follows CEO Larry Fink's pivot on crypto, from describing Bitcoin as an "index of money laundering” in 2017 to placing crypto alongside gold in investors’ portfolios.

“The markets teach you, you always have to relook at your assumptions,” Fink told CBS last week. “There is a role for crypto in the same way there is a role for gold, that is, it's an alternative."

However, market conditions remain choppy with digital asset investment products seeing $513 million in outflows last week following a Binance liquidity cascade on October 10 that triggered nearly $20 billion in liquidations, including roughly $16.7 billion in long positions, according to a CoinShares report.

BlackRock's UK expansion comes amid broader concerns about regulatory fragmentation in the crypto sector.

Last week, the Financial Stability Board warned that crypto firms are exploiting loopholes in fragmented global regulations, threatening financial stability as countries adopt wildly different approaches to policing the digital asset market.

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

Bitcoin mining margins tightened in September as a rising network hashrate and a slide in BTC prices dragged profitability lower Oct 20, 2025, 1:12 p.m.

Bitcoin BTC$110,661.20 mining profitability slid more than 7% in Sept. as the price of the world’s largest cryptocurrency fell 2% while the network’s hashrate jumped about 9%, according to investment bank Jefferies.

While the network’s hashrate has eased somewhat this month, the sharp decline in the bitcoin price has intensified pressure on miner profitability heading into the fourth quarter of 2025, the bank said in the report on Sunday.

The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty.

Jefferies said that publicly listed North American miners produced 3,401 BTC in September, down from 3,576 BTC in August. Their share of the global network slipped to 25% from 26% the prior month.

MARA Holdings (MARA) led production with 736 bitcoin mined in September, up from 705 in August, while CleanSpark (CLSK) followed with 629 BTC, down from 657, the bank noted.

MARA's energized hashrate remain's the largest of the group at 60.4 exahashes per second (EH/s). CleanSpark held the second-largest position at 50 EH/s, according to the report.

Revenue generation also weakened alongside price. A theoretical fleet with 1 EH/s capacity would have earned roughly $52,000 per day in September, down from about $56,000 in August, the report said. That figure stood near $43,000 a year earlier.

Jefferies said the combination of lower bitcoin prices and rising network difficulty continues to tighten margins across the mining sector.

The firm raised its Galaxy Digital (GLXY) price target to $45 from $37 and reiterated its buy rating on the stock. The shares were 3.5% higher in early trading, around $39.

The bank also raised its price objective for hold-rated MARA Holdings (MARA) to $19 from $18, the stock rose 5% to $20.55.

Read more: Bitcoin Network Hashrate Took Breather in First Two Weeks of October: JPMorgan

More For You

Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.

View Full Report

More For You

BNB Climbs as Crypto Markets Rebound on Potential Fed Policy Shift

Sentiment remains cautious, with the Crypto Fear & Greed Index at 30, indicating "fear" in the market.

What to know:

BNB, the native token of the BNB Chain, rose 1.4% in the last 24 hours, fueled by a surge in trading volume and a risk asset rally that saw bitcoin and the wider crypto market advance.Despite the rebound, sentiment remains cautious, with the Crypto Fear & Greed Index at 30, indicating "fear" in the market.Read full story

Mon, 20/10/2025 - 13:18

XRP Ledger defies AWS outage as Coinbase, Signal, Disney go dark. Top XRPL contributor shares how to make it even better.

Cover image via U.Today

Amazon Web Services, the backbone of much of the modern internet, suffered a major outage that disrupted Coinbase, Disney, Zoom, Snapchat, Signal, McDonald's and more. AWS has about 32% of the global cloud market, so it is no surprise that the disruption caused a ripple effect on businesses and platforms worldwide — and on crypto as well.

What stood out, though, is how XRP Ledger carried on. A popular XRP contributor known as "Vet" online drew the community's attention to how the network can survive when one of the world's biggest cloud providers has problems.

Right now, there are about 120-150 validators working on XRPL, and a lot of them use AWS too, alongside Google Cloud, Hetzner or DigitalOcean, but others run on independent servers and smaller providers.

HOT Stories

Is cypherpunk "dead?"Decentralization is still the main thing causing tension in the crypto community. The old cypherpunk dream of a private, independent payment system is no longer at the center, and most of Web3 today runs on cloud giants like AWS.

But the XRP Ledger is not giving up on the idea. It is not so much about privacy — XRP is still pushing in that direction — but more about how strong it is when the internet itself is out. That is why the talk about XLS-50d resurfaced today.

Despite AWS having issues, the XRP Ledger is closing blocks normally.

That's the hard work of decentralization, especially geographical and hosting wise.

Though i believe we can do much better and increase resilience - XLS 50 is important for this transparency to drive action. pic.twitter.com/VGUqK9FQTk

— Vet 🏴‍☠️ (@Vet_X0) October 20, 2025 The XLS-50d proposal, which has not been put into action yet, says that validators should publish more details about where and how they operate. The idea is to avoid clusters inside the same cloud or data center and instead spread across different providers and countries.

The proposal states that if too many validators go offline at once, consensus can pause for 256 ledgers — that is, about 12-20 minutes — before fallback systems recover.

ConsensusIt is not ideal, but the AWS incident showed what that would look like in practice. Coinbase, which relies on AWS, went offline. XRPL, with validators spread across a bunch of different hosts, just kept working.

Bitcoin and Ethereum have faced similar centralization concerns, with more than 30% of Bitcoin's hashrate now based in the U.S., and Ethereum staking dominated by Lido and big cloud operators. With that in mind, XRPL's uptime during the outage shows that more distribution makes a network harder to break.

Related articles