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2025-10-17 06:35 4mo ago
2025-10-17 01:50 4mo ago
Ripple raises $1 billion for XRP amid fragile crypto markets cryptonews
XRP
Ripple Labs Inc. is moving forward with an ambitious plan to raise at least $1 billion to buy XRP, despite recent turbulence in the cryptocurrency market. The move signals the company's intent to strengthen its presence in the digital-asset ecosystem, even as investors remain cautious following a market-wide selloff.
2025-10-17 06:35 4mo ago
2025-10-17 01:58 4mo ago
Ripple eyes $1 billion XRP treasury via SPAC: report cryptonews
XRP
Ripple Labs is reportedly looking to raise at least $1 billion to fund an XRP accumulation strategy by establishing a digital-asset treasury.

Summary

Ripple is reportedly planning to raise at least $1 billion through a SPAC.
The move follows Ripple’s $1 billion acquisition of GTreasury.
XRP price failed to capitalize on the recent developments.

Sources familiar with the development have told Bloomberg that the fundraise would be executed via a special purpose acquisition company (SPAC), where Ripple will contribute a portion of 4.74 billion XRP tokens it currently holds.

For those unaware, a SPAC is a publicly traded shell company formed to raise capital in an initial public offering instead of merging with a traditional operating company to take it public. Crypto firms, including those pursuing digital asset treasuries, have time and again turned to SPACs as a way to tap into public markets more quickly and with fewer regulatory hurdles.

Ripple is yet to make an official announcement on the matter. According to the sources, details regarding the raise and the exact nature of the transaction remain under discussion and subject to change.

If the SPAC goes through, it could make the new entity the largest XRP-focused digital asset treasury and place it among a small group of companies that have shown interest in building similar treasuries. One notable name is Nasdaq-listed VivoPower, a sustainable energy solutions firm that pivoted into an XRP-focused digital asset enterprise.

Before that, Singapore-based Trident Digital Tech Holdings also signaled intentions to explore a similar path, though no formal treasury structure has emerged yet. Unlike Bitcoin and altcoins such as Ethereum and Solana, XRP has not drawn the same level of interest from digital asset treasury investors.

Ripple acquires GTreasury
The latest chatter comes less than 24 hours after Ripple announced its $1 billion acquisition of GTreasury, a Chicago-based treasury management platform with clients in more than 160 countries.  As previously reported by crypto.news, Ripple expects to close the deal in the coming months pending regulatory approval.

Ripple may look to bring GTreasury’s capabilities into the fold of the proposed digital asset treasury if the SPAC deal materializes. GTreasury’s suite of tools, which includes cash forecasting, liquidity management, risk oversight, and compliance, could help provide the operational backbone needed to manage a large XRP reserve in line with corporate treasury standards.

XRP price fails to rally
After hitting an intraday high of $2.46 the previous day, XRP (XRP) price has continued to fall. Although the latest rumor helped spark a short rally, by press time, the token had given up most of those gains and was down 2.5% over the past 24 hours 
2025-10-17 06:35 4mo ago
2025-10-17 02:00 4mo ago
Ethereum Correction Over? Binance Funding Rates Signal ETH Surging To $6,800 cryptonews
ETH
Ethereum (ETH) may be nearing the end of its price correction, as the second-largest cryptocurrency by market cap continues to trade slightly above $4,000, following a strong sell-off last week when it almost crashed to $3,400.

Ethereum Price Correction May Be Over 
According to a CryptoQuant Quicktake post by contributor PelinayPA, Ethereum funding rates on Binance crypto exchange have remained positive, despite being in a narrow range. This shows that long positions on ETH still dominate the market.

ETH funding rates fluctuating normally on Binance – despite the digital asset’s recent extraordinary price appreciation – implies that futures traders are not exhibiting greed or euphoria, typically associated with the mid-phase of a healthy uptrend.

Source: CryptoQuant
For example, during the 2021-22 bull cycle, ETH funding rates often surged to 0.1% to 0.2%, aligning with local market tops. At present, these funding rates are hovering around 0.01% to 0.03%, implying that the market has not reached overheated levels just yet.

In addition, the absence of negative funding rates confirms a decline in short positioning, and elevated risk appetite among investors. The CryptoQuant analyst added:

The overall trend remains upward. Low funding rates combined with strong price momentum suggest that the correction is likely complete. In the short term, minor profit-taking or sideways consolidation between $3,600–$3,800 would be natural. If funding rates gradually rise above 0.05%, it could signal overcrowded longs and trigger a short term pullback.

The current combination of moderate levels of leverage and gradually rising spot demand hints toward a potential ETH rally, eyeing the $4,500 to $5,000 range in the long term. The price target could be even higher with a favorable derivatives structure and funding dynamics.

That said, a sharp increase in funding rates could be seen as an early warning of another price pullback for the cryptocurrency. However, ETH’s market structure still supports a potential surge to $6,800 by the end of 2025, the analyst concluded.

ETH Ready For New Highs?
Several indicators point toward ETH looking to resume its bullish momentum. For instance, ETH’s Spent Output Profit Ratio (SOPR) trend recently hinted toward the digital asset rising to $5,000 in the near term.

Further, ETH exchange reserves continue to tumble at a rapid pace. Recent exchange data shows that ETH reserves on exchanges have hit a multi-year low, raising the possibility of an impending “supply crunch” for the cryptocurrency.

That said, there are several other factors that may fuel another sell-off in ETH, pushing its price again below $4,000. At press time, ETH trades at $4,053, up 0.2% in the past 24 hours.

Ethereum trades at $4,053 on the daily chart | Source: ETHUSDT on TradingView.com
Featured image from Unsplash, charts from CryptoQuant and TradingView.com
2025-10-17 06:35 4mo ago
2025-10-17 02:00 4mo ago
Bitcoin – Why a ‘potential move towards $150K' is still possible cryptonews
BTC
Journalist

Posted: October 17, 2025

Key Takeaways
How is Bitcoin’s price doing on the charts?
At the time of writing, the cryptocurrency was valued at just over $111k, after falling by over 9% in less than a week. 

What does 21Shares’ Matt Mena think about Bitcoin?
Matt Mena believes that structural demand, driven by ETF inflows and a more dovish policy outlook, will provide a floor to Bitcoin’s price. 

Bitcoin [BTC], after soaring to a historic peak of $126,000, is now facing a pretty challenging stretch. At the time of writing, it was trading at $111,148.07, down 0.9% over the last 24 hours and 9.43% over the past week. 

Matt Mena’s optimistic outlook for Bitcoin
Despite this dip and the wavering investor confidence, Matt Mena, Crypto Research Strategist at 21Shares, is a believer in Bitcoin’s enduring resilience. Recently, he highlighted the same in the face of broader market dynamics as the year draws to a close.

Mena said, 

“Overall, Bitcoin’s resilience amid macro crosscurrents and aggressive deleveraging underscores how structural demand – anchored by ETF inflows and a more dovish policy outlook – continues to provide a floor.”

He added, 

“With leverage flushed, policy easing approaching, and structural demand accelerating, the setup into year-end appears increasingly constructive for digital assets – setting the stage for a potential move toward $150K Bitcoin as macro tailwinds and institutional flows continue to align.”

What motivated these remarks?
His comments came on the back of markets recovering after Fed Chair Jerome Powell signaled potential rate cuts and a pause in balance sheet runoffs, with Futures pricing in roughly two cuts by year-end at 95% certainty, according to CME FedWatch.

The comments stabilized risk assets, with the S&P 500 rising near $6,650 and Bitcoin holding above $110,000.

The rebound followed a $19 billion crypto de-leveraging event last week. It triggered sharp price swings on centralized exchanges, while decentralized platforms remained operational, showing greater resilience.

With excess leverage cleared, Mena believes that the market is now better structured for the next move.

Globally, the IMF cut its 2025 growth forecast to 3.2%. However, thawing of U.S-China diplomatic relations might offer some optimism.

Domestically, the U.S government shutdown is now entering its third week, with a 70% chance of resolution by mid-November. This leaves the markets reliant on Fed guidance and private indicators to gauge near-term momentum.

Additionally, Bitcoin’s structural demand has also been strong, with over $6 billion in U.S ETF inflows this month and Global crypto ETF assets nearing $300 billion by year-end.

On-chain data and other metrics to gauge Bitcoin’s performance
Meanwhile, its market dominance rose to 58.7%, while public companies now hold a record 172 Bitcoin treasuries totaling over 1.02 million BTC. 

And yet, caution persists. The Crypto Fear & Greed Index’s reading of 32 signaled lingering market anxiety. All while technical indicators such as the RSI pointed south – A sign that bears may have the upper hand.

Source: TradingView

On-chain analysis, however, also indicated that most Bitcoin supply remains in profit, and short-term holders continue to play a critical role. This is a sign that there could still be room for further upside.

Taken together, Bitcoin stands at a pivotal moment right now. It is simultaneously consolidating strength, attracting institutional flows, and navigating short-term bearish pressures.

Whether this marks the beginning of a sustained rally or a final test of resilience, the coming weeks could prove decisive for the year-end trajectory of the flagship cryptocurrency. 
2025-10-17 06:35 4mo ago
2025-10-17 02:00 4mo ago
Bitcoin Extends Losses Below $109K as Global Equities Slide on Cautious Sentiment cryptonews
BTC
Bitcoin fell below $110,000 on Friday as renewed risk aversion swept global markets, with equities sliding, bonds rising, and gold hitting new highs.
2025-10-17 06:35 4mo ago
2025-10-17 02:02 4mo ago
Ripple Acquires GTreasury in $1 Billion Deal to Integrate XRP Treasury Solutions cryptonews
XRP
Ripple has announced a $1 billion acquisition of GTreasury, a leading global treasury and liquidity management platform. The deal, pending regulatory approval, marks Ripple’s third major acquisition in 2025 and a bold step toward bridging traditional finance with blockchain technology.

Ripple Bridges Blockchain With Global BusinessRipple aims to combine its blockchain-based payment infrastructure and digital asset solutions with GTreasury’s enterprise-grade tools for managing corporate liquidity, payments, and risk. This integration will allow large corporations to move funds instantly across borders, replacing the traditional banking system that often takes days to settle transactions.

Ripple CEO Brad Garlinghouse emphasized the importance of modernizing money movement, stating:

“For decades, money has been stuck on slow, expensive rails. Blockchain technology is the fix, and with GTreasury, we’re making financial operations faster, smarter, and frictionless for global enterprises.”

GTreasury CEO Renaat Ver Eecke echoed the sentiment, saying the partnership will enable treasurers to manage liquidity and risk with unprecedented efficiency.

“By merging Ripple’s blockchain speed with GTreasury’s global finance capabilities, we’re giving corporate treasurers the power to operate in real-time in the digital era,” Ver Eecke said.

Ripple’s Expanding Financial EcosystemThe GTreasury deal adds to Ripple’s rapidly expanding portfolio of acquisitions, including Hidden Road, Rail, Metaco, Standard Custody & Trust, Fortress Trust, and Algrim. Each acquisition strengthens Ripple’s position across payments, stablecoins, custody, trading, and compliance.

Attorney John E. Deaton commented on Ripple’s broader strategy:

“Ripple isn’t just building a payments company, it’s constructing a full financial ecosystem. Every acquisition is a piece of a much larger puzzle, and Garlinghouse is nowhere near done expanding Ripple’s reach.”

XRP to Enter the $100 Trillion Treasury MarketAccording to crypto analyst Vincent Van Code, the acquisition could be one of Ripple’s most transformative moves yet. GTreasury’s software already integrates with SWIFT, adheres to ISO20022 standards, and is trusted by global enterprises to manage liquidity and risk.

With this integration, Ripple can now introduce digital assets, including XRP, into the $100 trillion corporate treasury market, revolutionizing how companies manage cross-border payments.

Van Code explained:“Ripple doesn’t need to ‘sell XRP’ to institutions. XRP becomes the invisible plumbing behind the system, enabling instant and low-cost transactions. That’s the game.”

The Rise of XRP TreasuriesThe acquisition also aligns with a broader global shift as more corporations begin holding digital assets, such as Bitcoin, Ethereum, Solana, and XRP, in their reserves, a movement now known as Digital Asset Treasuries (DATs).

With pro-crypto policies from President Trump and the GENIUS Act promoting blockchain innovation in the U.S., Ripple’s latest acquisition signals a strategic leap. The company is not merely adapting to financial evolution; it’s building the foundation for the future of global finance.

As Garlinghouse put it, “We’re not waiting for the financial world to evolve — we’re driving that evolution.”

Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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2025-10-17 06:35 4mo ago
2025-10-17 02:02 4mo ago
Ethereum (ETH) ‘Cracks' Under Pressure, Kevin O'Leary Says cryptonews
ETH
Canadian businessman Kevin O'Leary recently issued a warning about Ethereum, the second-largest blockchain network, claiming that it tends to "crack" under pressure. 

"For over a decade, we’ve talked about going on-chain, and now with real-world adoption finally happening, the cracks are showing," O'Leary said. 

The "Shark Tank" host claims that the popular blockchain network got "congested," which resulted in sky-high fees of over $1,000. "That’s like paying a thousand-dollar toll to drive on a one-lane highway," he quipped. 

HOT Stories

An extreme exaggeration?However, many members of the Ethereum community disputed the claim, noting that actual gas costs were $22 for a simple swap for roughly one hour. While the fees were still high, they were not even remotely as high as O'Leary claimed. 

Some have noted that the layer-1 network is not actually supposed to handle retail traffic. 

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"O’Leary’s take is like saying airplane wheels are too small. True, but completely missing the point… It is the final settlement layer for the on-chain economy, focused on security, neutrality, and auditability," influential Ethereum community member Adriano Feria said in a social media post.

Rejecting altcoins As reported by U.Today, O'Leary recently announced that he was going to focus only on Bitcoin and Ethereum, rejecting altcoins. 

The Canadian businessman is convinced that these two coins alone provide 90% of the entire crypto exposure. 
2025-10-17 06:35 4mo ago
2025-10-17 02:10 4mo ago
‘Ethereum could flip Bitcoin' like Wall Street flipped gold: Tom Lee cryptonews
BTC ETH
Ethereum could eventually surpass Bitcoin’s market share in a similar manner to how US equities overtook gold 54 years ago, when the US abandoned the gold standard, according to BitMEX chair Tom Lee.

“Ethereum could flip Bitcoin similar to how Wall Street and equities flipped gold post 71,” Lee said in an interview with ARK Invest CEO Cathie Wood on Thursday. 

Bitcoin’s (BTC) market capitalization is about 4.6 times larger than Ethereum’s, standing at roughly $2.17 trillion compared to $476.33 billion, according to CoinMarketCap.

Lee brings up the “Nixon Shock” to support Ether's argumentLee, who oversees BitMine’s Ethereum accumulation strategy, suggested Ethereum could rise in the same way the US dollar rose to dominance after 1971, after US President Richard Nixon made the US dollar “fully synthetic” — no longer backed by gold — creating fears that the dollar standard may be abandoned.

Ether is down 13.31% over the past 30 days. Source: CoinMarketCapLee said that when that happened, “The immediate beneficiary was demand and a market to own gold.” 

However, in response, “Wall Street created products that made the dollar dominant, and the market cap of equities today is 40 trillion compared to 2 trillion for gold,” he said.

“Dollar dominance by the end of that period went from 27% in GDP terms but to 57% of central bank reserves, and 80% of financial transactions, quotes,” he said, adding:

“Dollar dominance is going to be the opportunity of Ethereum,” he said, adding this will be because of “everything becoming…tokenized.” 

The flippening has been an ongoing debate for years“So as we move dollars onto the blockchain, which is stablecoins, we’ll move stocks and real estate,” he said.

However, he emphasized that it is still a “working theory” and that he remains a Bitcoin bull.

The “flippening,” the idea that Ethereum will one day surpass Bitcoin’s market capitalization, has been a topic of debate for years but has gained renewed attention in recent months.

In August, Consenys founder Joseph Lubin said that Ethereum will “surge by 100 times and flip Bitcoin as a “monetary base.” 

But it came around the same time that Bitcoin advocate and Jan3 founder Samson Mow said that Ethereum investors would switch back to Bitcoin once ETH prices were high enough.

Years before that in August 2021, DeVere Group CEO Nigel Green, “Ethereum’s ascent to the top of the cryptoverse seems unstoppable.”

“Ethereum is already years ahead of Bitcoin in everything but price and fame,” said Green.

Magazine: Sharplink exec shocked by level of BTC and ETH ETF hodling: Joseph Chalom
2025-10-17 06:35 4mo ago
2025-10-17 02:14 4mo ago
Here's why XPIN Network, Boundless (ZKC), Zora crypto prices are rising cryptonews
ZORA
The crypto market remained under pressure on Friday, with most tokens being in the red. Still, some notable tokens like XPIN Network (XPIN), Boundless (ZKC), and Zora (ZORA) rose, adding millions of dollars in value to their market cap.
2025-10-17 06:35 4mo ago
2025-10-17 02:18 4mo ago
Ripple seeks to buy $1 billion XRP tokens for new treasury: Report cryptonews
XRP
9 minutes ago

Ripple Labs is already a significant XRP holder, with its market report from earlier this year revealing it had 4.5 billion tokens in its stash, with another 37 billion locked in escrow.

105

Ripple Labs is reportedly on the cusp of launching a fundraising effort to purchase $1 billion worth of its XRP token to hold in a digital asset treasury, according to Bloomberg.

The fundraiser is being organized through a special purpose acquisition company or SPAC, Bloomberg reported on Friday, citing anonymous people with knowledge of the matter.

The digital asset treasury (DAT) will consist of the freshly bought XRP (XRP) and Ripple will also throw in some of its own stockpile, but the exact terms of the transaction are still being hashed out, and could change before the deal is inked, according to Bloomberg’s sources.

Source: Nate GeraciRipple Labs didn’t immediately respond to a request for comment.

Ripple already a significant XRP holderRipple had a stash of over 4.5 billion XRP, according to its May markets report, out of a total circulating supply of more than 59 billion. If the company moves forward with the reported $1 billion buy, it could scoop up another 427 million for its stash.

At the same time, Ripple Labs has another 37 billion locked in an on-ledger escrow, which is released monthly; some of this amount is sold, while the remainder is returned to escrow.

Source: Scott MelkerOn Thursday, Ripple acquired corporate treasury management company GTreasury for $1 billion, as part of a business acquisition strategy to expand its operations.

The deal provides the company with infrastructure to manage digital assets held in corporate treasuries, including stablecoins and tokenized deposits, which can also be used to generate yield for clients.

Deal would make Ripple the leading XRP treasuryBitcoin (BTC) and Ether (ETH) are leading the crypto treasury race, with companies holding over $152 billion in Bitcoin and $23 billion in Ether.

In comparison, XRP hasn’t been as readily taken up. The leading companies with an intention to buy XRP for their treasuries include Trident Digital Tech Holdings, a Web3 company based in Singapore, which has announced that it will establish an XRP treasury of up to $500 million. 

Chinese AI company Webus also flagged plans to allocate $300 million, and VivoPower said it will attempt to amass a $100-million XRP-centric reserve.

Magazine: Hong Kong isn’t the loophole Chinese crypto firms think it is
2025-10-17 06:35 4mo ago
2025-10-17 02:30 4mo ago
You Can Now Get a ‘Bitcoin Steakburger' at Steak ‘n Shake cryptonews
BTC
The $6.49 sandwich features two steakburger patties topped with two slices of cheese. The bun is stamped with a Bitcoin logo.
2025-10-17 06:35 4mo ago
2025-10-17 02:32 4mo ago
Uniswap adds Solana support on web app in $140B opportunity cryptonews
SOL UNI
2 minutes ago

Decentralized exchange Uniswap has integrated with Jupiter’s Ultra API, making over a million Solana tokens available on its web app.

17

Decentralized exchange giant Uniswap has added support for the Solana network to its web app, enabling users to link their Solana wallet and trade Solana-based tokens alongside those from other networks.

The company stated in a blog post that it is exploring bridging, crosschain swaps and full Uniswap Wallet support for Solana.

Solana transactions made via the web app will be routed through the Solana DEX aggregator Jupiter, with its pseudonymous co-founder SIONG stating that Uniswap is the first major partner to utilize the Jupiter Ultra API for swaps.

Source: Uniswap LabsThe tie-up would give Uniswap a lead in the Solana DEX ecosystem, which processed $140 billion in volume in the past 30 days. Jupiter DEX aggregator generated $17.5 million in revenue in the same period. 

A Uniswap engineer pointed out that the team had not specifically built the integration for Solana, but rather designed and built “architect layers” that were platform-agnostic.

Meanwhile, Danny Daniil, engineering lead of trading at Uniswap, stated that Solana’s launch will help Unichain, a layer-2 network launched by Uniswap Labs in February, become the best chain for trading.

“Bridging assets from Solana and other ecosystems (like HYPE) to Unichain lets traders find the best liquidity, wherever it lives,” Daniil said.

Earlier this month, 1inch co-founder Sergej Kunz said that centralized exchanges will cease to exist in their current state within the next decade. Kunz also stated that they will merely act as a front end for DEX and DEX aggregators.

In May, Uniswap became the first decentralized exchange to have processed $3 trillion in aggregate all-time volume.

Magazine: Sharplink exec shocked by level of BTC and ETH ETF hodling: Joseph Chalom
2025-10-17 05:35 4mo ago
2025-10-16 23:45 4mo ago
Praxis Precision Medicines, Inc. Announces Pricing of $525 Million Public Offering stocknewsapi
PRAX
BOSTON, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Praxis Precision Medicines, Inc. (NASDAQ: PRAX), a clinical-stage biopharmaceutical company translating genetic insights into the development of therapies for central nervous system (CNS) disorders characterized by neuronal excitation-inhibition imbalance, today announced the pricing of its underwritten public offering of 3,025,480 shares of its common stock at a public offering price per share of $157.00 and, in lieu of shares of common stock, pre-funded warrants to purchase up to an aggregate of 318,470 shares of common stock at a purchase price of $156.9999 per pre-funded warrant, which equals the public offering price per share of the common stock less the $0.0001 per share exercise price of each pre-funded warrant. The gross proceeds from the offering are expected to be approximately $525 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Praxis. All shares and pre-funded warrants in the offering are being offered by Praxis. In addition, Praxis has granted the underwriters a 30-day option to purchase up to 501,592 additional shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on or about October 20, 2025, subject to market conditions and the satisfaction of customary closing conditions.

TD Cowen, Piper Sandler, Guggenheim Securities and Truist Securities are acting as joint book-running managers for the offering. Oppenheimer & Co. and H.C. Wainwright & Co. are acting as lead managers for the offering.

The offering is being made pursuant to a shelf registration statement on Form S-3ASR, including a base prospectus, that was filed by Praxis with the Securities and Exchange Commission (SEC) and automatically became effective upon filing on December 23, 2024. A preliminary prospectus supplement related to the offering was filed with the SEC on October 16, 2025. The final prospectus supplement related to the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement and the accompanying base prospectus relating to the offering, when available, may be obtained from: TD Securities (USA) LLC, 1 Vanderbilt Avenue, New York, NY 10017, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at [email protected]; Piper Sandler & Co., 350 North 5th Street, Suite 1000, Minneapolis, MN 55401, Attention: Prospectus Department, by telephone at (800) 747-3924, or by email at [email protected]; Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330 Madison Avenue, 8th Floor, New York, NY 10017, by telephone at (212) 518-9544, or by email at [email protected]; or Truist Securities, Inc., Attention: Equity Capital Markets, 740 Battery Ave SE, Atlanta, Georgia 30339, by telephone at (800) 685-4786 or by email at [email protected]. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 and other federal securities laws, including express or implied statements regarding Praxis’ future expectations, plans and prospects, including, without limitation, statements regarding the timing of the completion, and anticipated gross proceeds, of the offering, as well as other statements containing the words “anticipate,” “believe,” “continue,” “could,” “endeavor,” “estimate,” “expect,” “anticipate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will” or “would” and similar expressions that constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995.

The express or implied forward-looking statements included in this press release are only predictions and are subject to a number of risks, uncertainties and assumptions, including, without limitation, risks related to market conditions and other risks described in Praxis’ Annual Report on Form 10-K for the year ended December 31, 2024, its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 and other filings made with the SEC. Although Praxis’ forward-looking statements reflect the good faith judgment of its management, these statements are based only on information and factors currently known by Praxis. As a result, you are cautioned not to rely on these forward-looking statements. Any forward-looking statement made in this press release speaks only as of the date on which it is made. Praxis undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
2025-10-17 05:35 4mo ago
2025-10-16 23:51 4mo ago
Standard Lithium Prices Upsized $130 Million Underwritten Public Offering stocknewsapi
SLI
October 16, 2025 23:51 ET

 | Source:

Standard Lithium

VANCOUVER, British Columbia, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE.A: SLI), a leading near-commercial lithium company, announced the pricing of its previously announced underwritten public offering (the “Offering”) of 29,885,057 common shares (the “Common Shares”) at a price of US $4.35 per Common Share (the “Issue Price”) for aggregate gross proceeds to the Company of US $130 million.

The Offering is being conducted through a syndicate of underwriters led by Morgan Stanley and Evercore ISI as co-lead book-running managers and includes BMO Capital Markets, as a book-running manager, Canaccord Genuity, Raymond James, Roth Capital Partners and Stifel (together, the “Underwriters”).

The Company has granted the Underwriters an option to purchase up to 4,482,758 additional Common Shares (the “Over-Allotment Option”) at the Issue Price, exercisable, in whole or in part, for up to 30 days after the closing of the Offering.

The Company intends to use the net proceeds from the Offering to fund capital expenditures at the South West Arkansas Project and the Franklin Project in East Texas (each, as defined in the Prospectus Supplement (defined below)), and for working capital and for general corporate purposes.

Closing of the Offering is expected to occur on or about October 20, 2025, and is subject to customary closing conditions, including receipt of required approvals of the TSX Venture Exchange (“TSXV”) and the NYSE American.

In connection with the Offering, the Company filed, with the securities commissions in all of the provinces and territories of Canada other than Quebec, a preliminary prospectus supplement (the “Prospectus Supplement”) to the Company’s existing base shelf prospectus (the “Base Shelf Prospectus”) filed with the securities commissions in each of the provinces and territories of Canada, and filed a preliminary prospectus supplement in the United States (the “U.S. Prospectus Supplement”, together with the Prospectus Supplement, the “Prospectus Supplements”) to the Company’s existing base shelf prospectus (the “U.S. Base Shelf Prospectus”, together with the Base Shelf Prospectus, the “Base Shelf Prospectuses”) forming part of an effective registration statement on Form F-10 (File No. 333-289110) (the “Registration Statement”) filed with the U.S. Securities and Exchange Commission (“SEC”) under the U.S./Canada Multijurisdictional Disclosure System.

The Offering is being made in the United States and in each of the provinces and territories of Canada, except Quebec. The Prospectus Supplements, the Base Shelf Prospectuses and the Registration Statement contain important information about the Company and the proposed Offering. Prospective investors should read the Prospectus Supplements, the Base Shelf Prospectuses and the Registration Statement and the documents incorporated by reference therein before making an investment decision. The final prospectus supplement (together with the related Base Shelf Prospectus) will be available on SEDAR+ at www.sedarplus.ca. The final U.S. prospectus supplement (together with the Registration Statement) will be available on the SEC’s website at www.sec.gov. Alternatively, the final Prospectus Supplement (together with the related Base Shelf Prospectus) may be obtained, when available, upon request by contacting Morgan Stanley Canada Limited: Morgan Stanley and Co. LLC, 180 Varick St, 2nd Floor, or BMO Nesbitt Burns Inc., Brampton Distribution Centre C/O The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario, L6S 6H2 by telephone at 905-791-3151 Ext 4312 or by email at [email protected], and the final U.S. Prospectus Supplement (together with the Registration Statement) may be obtained upon request, when available, by contacting Morgan Stanley & Co. LLC: 180 Varick St, 2nd Floor, or Evercore Group L.L.C.: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, by telephone at (888) 474-0200 or by e-mail at [email protected].

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any province, territory, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, territory, state or jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the Prospectus Supplements, the Base Shelf Prospectuses or the Registration Statement.

About Standard Lithium Ltd.

Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated Direct Lithium Extraction and purification process. The Company’s flagship projects are located in the Smackover Formation, a world-class lithium brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor, Standard Lithium is advancing the South West Arkansas project, a greenfield project located in southern Arkansas, and actively advancing a promising lithium brine resource position in East Texas.

Standard Lithium trades on both the TSX Venture Exchange (the “TSXV”) and the NYSE American, LLC under the symbol “SLI”.

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

Investor Inquiries

Daniel Rosen
+1 604 409 8154
[email protected]

Media Inquiries
[email protected]

This news release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. The forward-looking statements contained herein may include, but are not limited to, information concerning the expected filing of the Prospectus Supplements, expected sale of Common Shares under the Offering, whether and when the Offering may close, the satisfaction of customary closing conditions related to the Offering, the anticipated use of proceeds from the Offering, anticipated use of the proceeds of the Offering, and statements regarding the anticipated benefits and impacts of the Offering. Forward-looking statements are based on the Company’s current beliefs and assumptions as to the outcome and timing of future events, including, but not limited to, that the completes the Offering, that the proceeds of the Offering will be deployed as anticipated, and the anticipated benefits and impacts of the Offering being realized. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, among other things: the ability of the Company to successfully close a financing, including filing the Prospectus Supplements, and completing the Offering, the anticipated use of proceeds from any offering made under the Company’s Base Shelf Prospectuses and any offerings to be conducted thereunder including the Offering, the benefits and impacts of the Offering not being as anticipated, the risks and uncertainties relating to exploration and development, the ability of the Company to obtain additional financing, the need to comply with environmental and governmental regulations in Canada and the United States, fluctuations in the prices of commodities, operating hazards and risks, competition and other risks and uncertainties and other such factors as are set forth in the Base Shelf Prospectuses and the Prospectus Supplements, as well as the management discussion and analysis and other disclosures of risk factors for the Company, filed on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Although the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
2025-10-17 05:35 4mo ago
2025-10-16 23:51 4mo ago
Paladin Announces Availability of Notice of Meeting for Annual General Meeting and Provides Update on Canadian Postal Service Disruption stocknewsapi
PALAF
PERTH, Australia, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (Paladin or the Company) advises its shareholders (Shareholders) that the Notice of Meeting and accompanying forms of proxy and voting instruction form (collectively, the Meeting Materials) for the Company's upcoming annual general meeting (AGM) are now available on Paladin's website (www.paladinenergy.com.au), on the ASX website (www.asx.com.au) and under Paladin's profile on SEDAR+ (www.sedarplus.ca).
2025-10-17 05:35 4mo ago
2025-10-16 23:55 4mo ago
Tourmaline Oil: Canada's Largest Natural Gas Producer Is Deeply Undervalued stocknewsapi
TRMLF
SummaryTourmaline Oil is Canada's largest natural gas producer, trading at a deep discount despite strong growth and expansion plans.TRMLF expects significant free cash flow growth, robust dividend payments, and buybacks, supported by conservative guidance and low break-even prices.Strategic LNG positioning, major infrastructure projects, and long-term supply agreements provide strong tailwinds amid rising global natural gas demand, but short-term headwinds remain.I rate TRMLF a Strong Buy, citing undervaluation, industry-leading assets, solid financials, and high upside potential despite commodity price risks.liu mingzhu/E+ via Getty Images

Introduction & Financials Tourmaline Oil (OTCPK:TRMLF) (TSX:TOU:CA) is, despite their name, the largest natural gas producer in Canada and the fourth-largest in North America, producing well above companies worth several times more than them, with about

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in TRMLF over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

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IDU: I Continue To Park Fresh Cash In The Utilities Sector stocknewsapi
IDU
SummaryiShares U.S. Utilities ETF offers diversified exposure to U.S. utilities, including electricity, gas, water, and waste management companies.IDU has been a reliable, defensive investment, particularly during periods of concern over broader equity valuations.The ETF delivered strong results in early 2025, validating a previous 'buy' recommendation despite the S&P 500's robust performance.IDU remains a solid option for investors seeking stability and lower volatility within the U.S. equity market. Monty Rakusen/DigitalVision via Getty Images

Main Thesis & Background The purpose of this article is to evaluate the iShares U.S. Utilities ETF (NYSEARCA:IDU) as an investment option at its current market price. This is a fund "to track the investment

Analyst’s Disclosure:I/we have a beneficial long position in the shares of IDU, VPU, BUI, VOO 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.

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Introducing the Cognizant Enterprise Vibe Coding Blueprint: Services to Help Clients Accelerate AI-First Transformation stocknewsapi
CTSH
New suite of services packages insights, playbooks and IP used in Cognizant's record-setting vibe coding event to enable enterprises to embrace AI-assisted prototyping, spark innovation and drive employee AI proficiency.

, /PRNewswire/ -- Cognizant (NASDAQ: CTSH) announced the launch of the Cognizant® Enterprise Vibe Coding Blueprint, a suite of services and reusable IP that enables Global 2000 organizations to operationalize AI-assisted coding across technical and non-technical teams, securely and at scale. The offering gives clients access to Cognizant's enterprise-grade approach, enablement insights, and tools proven during Cognizant's recently completed Vibe Coding Week, which was recognized by Guinness World Records as the largest online generative AI-assisted coding event.

Following sustained demand from clients, Cognizant has designed the suite of services for organizations that want to use vibe coding to power innovation and drive culture change, helping them to galvanize employees across functions and move quickly from learning to experimentation and real outcomes. Cognizant experts will help enterprise leaders select and integrate AI-assisted coding tools, stand up secure guardrails and controls, mobilize broad participation across diverse skill levels and convert promising ideas into valuable prototypes.

"AI-first enterprises will distinguish themselves by putting powerful tools in peoples' hands and giving them a safe, structured way to create," said Ravi Kumar S, CEO of Cognizant. "With the Enterprise Vibe Coding Blueprint, we're translating Cognizant's hands-on experience into a repeatable playbook combining advisory, enablement, and our own IP, so clients can unlock innovation across the enterprise and empower their people to take an active role in shaping the future of work."

Vibe coding bridges the gap between business intent and software delivery, making it valuable to both experienced developers and non-coders. For developers, it can reduce repetitive work and context switching while elevating their role to focus on system architecture and innovation. For business functions like marketing, operations, sales and customer success, it can enable direct contribution through natural language collaboration with AI, turning ideas into prototypes that engineering can deliver more rapidly. This is especially critical for large enterprises where organizational silos and slow delivery cycles can limit growth.

Cognizant's vibe coding enablement services center on advisory support to reduce risk and speed operationalization, including scoping and strategy, persona identification, tool selection and enablement, security guardrails and controls, infrastructure enablement guidance, vibe coding event support and agentic prototype evaluation. Cognizant will also provide access to two key IP assets used during its Vibe Coding Week:

A secure web platform created to enable participant registration, learning, team formation, prototype submission tracking, evaluation workflows and asset collation.
A multi-agent evaluation system developed using Cognizant Neuro® AI Multi Agent Accelerator – enabling automated, criteria-based scoring and feedback on prototypes for accuracy, risk, business relevance and readiness.

By packaging a tested enterprise approach with practical playbooks and tooling, Cognizant aims to enable organizations to foster creativity and collaboration, compress development cycles through rapid AI-assisted prototyping and build the cultural momentum essential to AI-first operating models.

"Cognizant has turned experimentation into execution," said Phil Fersht, CEO and Chief Analyst at HFS Research. "The Vibe Coding Blueprint gives enterprises a practical model to democratize AI innovation by combining governance, enablement, and rapid prototyping to create real business outcomes. This is what scaling AI responsibly looks like, when you start with your people and culture."

Earlier this year, Cognizant organized the largest online generative AI-assisted hackathon, earning a Guinness World Record in the process. Using secure AI tools, more than 250,000 employees registered, tens of thousands participated in masterclasses, and over 32,000 prototype applications were developed across business domains.

The Cognizant Enterprise Vibe Coding Blueprint is available globally. For more information, visit this page.

For more information, contact:

SOURCE Cognizant Technology Solutions

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2025-10-17 05:35 4mo ago
2025-10-17 00:14 4mo ago
UK's ASOS pursued by German tax authorities for unpaid customs duties, FT reports stocknewsapi
ASOMF ASOMY
Smartphone with an ASOS app and a keyboard are seen in front of a displayed ASOS logo in this illustration picture taken October 13, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

Oct 17 (Reuters) - German tax authorities are pursuing ASOS

(ASOS.L), opens new tab for unpaid customs duties in a legal dispute that is adding to the struggles of the British fast-fashion retailer, the Financial Times reported on Friday, citing sources.

The dispute relates to customs declarations on ASOS shipments crossing the German border over several years, FT said, citing people familiar with the matter.

Sign up here.

ASOS did not immediately respond to a Reuters request for comment.

German authorities notified ASOS of the alleged shortfall earlier this year, the paper said.

The initial assessment put the bill in the tens of millions of euros, but the retailer expected that figure to be reduced after submitting additional information, FT said.

ASOS had warned last month that their annual revenue would fall short of market expectations due to weak consumer demand, with profit expected to land at the lower end of its forecast range.

It has been working to revive its fast-fashion appeal among its core base of shoppers in their 20s, while cutting costs amid intensifying competition from Chinese rivals and the impact of U.S. trade .

Reporting by Disha Mishra in Bengaluru; Editing by Janane Venkatraman and Nivedita Bhattacharjee

Our Standards: The Thomson Reuters Trust Principles., opens new tab
2025-10-17 05:35 4mo ago
2025-10-17 00:32 4mo ago
Ecom Wealth Automation Introduces ‘Buy-Later Profit Model' for Hands-Free eBay Store Ownership stocknewsapi
EBAY
Ecom Wealth Automation Logo

IRVINE, Calif., Oct. 17, 2025 (GLOBE NEWSWIRE) -- Ecom Wealth Automation, founded by Jason Alex, announces an expansion of its e-commerce automation services designed to help professionals and entrepreneurs establish profitable eBay stores through its proprietary Buy-Later Profit Model. The system enables clients to sell products first and purchase inventory later, removing the upfront risk that often prevents individuals from entering e-commerce.

The company operates under a transparent, performance-based structure in which it profits only when its clients’ stores perform successfully. Each store is fully owned by the client, while Ecom Wealth Automation manages daily operations which include supplier sourcing, product research, customer service, and performance scaling.

“Our goal is to provide a stable, low-risk path to financial independence,” said founder Jason Alex. “We’ve built a structure where professionals can earn online income without sacrificing their careers or personal time.”

Ecom Wealth Automation reports managing over 75 active partner stores that have collectively generated millions in sales. Typical clients are professionals earning $80,000 or more annually who seek an automated second income stream. Many see profitable results within 30 to 60 days, supported by verified examples such as $8,000 in the first two months, $13,000 in 90 days, and nearly $48,000 within six months under full automation.

By leveraging eBay’s 130 million active buyers and established reputation, the company offers an alternative to saturated platforms such as Amazon or Shopify. The approach prioritizes sustainability, account stability, and long-term scalability over short-term gains.

Ecom Wealth Automation’s Buy-Later Profit Model represents a growing shift toward accessible, managed entrepreneurship — allowing clients to participate in e-commerce without handling logistics or managing inventory. The model aligns with the company’s broader mission to make time and financial freedom achievable through intelligent automation.

For more information, visit www.EcomWealthAutomation.com.

About Ecom Wealth Automation
Ecom Wealth Automation builds and manages done-for-you eBay stores that enable professionals to earn consistent online income. Through its Buy-Later Profit Model and transparent performance partnerships, the company helps clients achieve sustainable growth and financial independence.

Media Contact:
Jason Alex - Founder
Ecom Wealth Automation
[email protected]
https://www.ecomwealthautomation.com/
760-279-3867

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9e60d20a-9f7a-482f-9207-7040915de725
2025-10-17 05:35 4mo ago
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Clearwater Paper: Reiterating Buy Despite A Soft Q3 Guide stocknewsapi
CLW
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2025-10-17 05:35 4mo ago
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‘Crypto Acolyte': Here's why Bitcoin is ‘digital gold' stocknewsapi
AAAU BAR DBP DGL GLD GLDM IAU OUNZ SGOL UGL
Professional Capital Management CEO Anthony Pompliano says that the Bitcoin boom can be attributed to a generational shift from assets like gold on ‘The Claman Countdown.' #foxbusiness #media #breakingnews #us #usa #new #news #breaking #theclamancountdown #bitcoin #crypto #cryptocurrency #blockchain #investing #finance #economy #gold #digitalcurrency #wealth #money #markets #wallstreet #stocks #anthonympompliano #technology #future
2025-10-17 05:35 4mo ago
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Chinese Tourists Are Spending Less. Hotel Giant H World Says That's a Good Thing stocknewsapi
HTHT
H World specializes in so-called limited-service hotels in China that cost about $35 to $70 a night and its strategy in the country is “absolutely about growth,” said Chief Strategy Officer Jihong He.
2025-10-17 04:35 4mo ago
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Wazirx Announces Platform Relaunch Following Court-Backed Recovery Plan cryptonews
WRX
India's crypto landscape is charging forward as Wazirx hits a critical milestone in its comeback strategy, officially entering recovery mode with a sanctioned scheme that promises restored user access, token distributions, and a platform relaunch in just 10 business days.
2025-10-17 04:35 4mo ago
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Ripple Labs leads $1 billion raise for new XRP treasury: Bloomberg cryptonews
XRP
Ripple announced earlier on Thursday that it acquired GTreasury, a Chicago-based treasury management system software and solutions firm.
2025-10-17 04:35 4mo ago
2025-10-16 22:44 4mo ago
Bitcoin Handles $14B OI Drop as Spot Volume Surges to $44B: Controlled Reset? cryptonews
BTC
Bitcoin is navigating a volatile market phase after recent price action rejected the $116,000 supply zone, pushing the asset toward a key support level near $110,000. This turbulence follows the historic volatility observed during last Friday's crash, which erased billions in leveraged positions and triggered widespread uncertainty in the cryptocurrency ecosystem.
2025-10-17 04:35 4mo ago
2025-10-16 22:47 4mo ago
XRP News Today: ETF Delays and Senate Gridlock Gives Bears a Look at $2.0 cryptonews
XRP
Political Gridlock Delays ETF Timelines
The US government shutdown means that the SEC is operating with a skeleton staff, pausing key reviews and approvals. Delays include approving the amended S-1s for XRP-spot ETFs. Before the shutdown, markets had speculated that the SEC would approve the seven XRP-spot ETFs by October 18. October 18 marks the first of the final decision deadlines.

Previously, the SEC approved the S-1s for BTC-spot and ETH-spot ETFs on the same day, removing any first-to-market advantage.

Even if the US Senate passes a stopgap funding bill on Friday, October 17, the chances of the agency approving the spot ETFs are slim to none.

Shutdown Stalls Market Structure Bill
The US government shutdown also means that the Market Structure Bill has stalled, leaving the US digital asset space without much-needed crypto regulations. For context, XRP rallied 14.69% on July 17 after the US House of Representatives passed the Market Structure Bill to the Senate.

US-China Trade Tensions Add to Market Pressure
Other factors contributing to the sharp October drop include the escalation in the US-China trade war. President Trump has threatened an additional 100% tariff on Chinese shipments to the US. The threat sent XRP crashing to $0.7773 before retaking the $2.3 handle.

Notably, the shutdown, delays to spot ETF approvals, and rising US-China tensions have overshadowed Ripple’s latest moves to assert its position on Main Street.

Ripple Pushes Ahead with Strategic Expansion
Despite market headwinds, Ripple has advanced its Main Street ambitions. This week, it announced:

A custody partnership with South Africa’s Absa Bank, fueling speculation about the integration of XRPL for cross-border payments.
The $1 billion acquisition of GTreasury, expanding Ripple’s reach into the $120 trillion corporate treasury payments market.

Ripple announced the acquisition of GTreasury on October 16, entering the corporate treasury payments market. CEO Brad Garlinghouse shared the press release, stating:

“Today, Ripple is breaking into the $120T corporate treasury payments market with the $1B acquisition of GTreasury.”

Garlinghouse discussed the reasons behind the acquisition and the need for crypto and blockchain tech to address inefficiencies in payment infrastructure, stating:

“The past few years have reminded this industry why payments, first and foremost, is THE primary use case for crypto and blockchain. Payments are where Ripple first started for exactly these reasons – the infrastructure is complex, siloed and inefficient, but as we know, perfectly positioned to benefit from decentralized financial technologies.”

He also highlighted GTreasury’s key attributes and how Ripple aims to target the corporate treasury payments space, stating:

“Astounding amounts of cash are trapped in outdated payments systems, creating friction, unnecessary costs, and barriers to entering new markets. GTreasury has been serving some of the most well known brands for decades – and now together with Ripple, we’ll be able to help CFOs manage all their assets, include stablecoins, tokenized deposits, etc., at scale around the world, as well as put their idle capital to work with repo markets via Hidden Road.”

Tokenization and Institutional Demand
Ripple’s strategic expansion into Main Street could further legitimize XRP, potentially boosting much-needed institutional demand.

However, traders may need the US government to reopen, the SEC to approve spot ETFs, the US and China to de-escalate, and the Fed to cut rates. These events would likely tilt the supply-demand balance in XRP’s favor.

Price Action & Technical Analysis: Will XRP Hold $2?
XRP dropped 3.46% on Thursday, October 16, following the previous day’s 3.9% loss, closing at $2.3290. A three-day losing streak left XRP below the $2.4 level, bringing the psychological $2 level into sight. The token continued to underperform the broader market and pulled further back from the 50-day and 200-day Exponential Moving Averages (EMAs), reaffirming a bearish bias.

Key technical levels to watch include:

Support levels: $2.2, $2.0, and $1.9.
Technical resistance levels: the 200-day EMA at $2.6262 and the 50-day EMA at $2.7924.
Resistance levels: $2.4, $2.7, and $3.0.

Catalysts & Scenarios
In the coming sessions, several key drivers could dictate near-term price trends:

US-China trade talks.
The US government shutdown.
XRP-spot ETF developments (delays or launches) and BlackRock’s stance on an iShares XRP Trust.
Blue-chip companies’ interest in XRP as a treasury reserve asset.
Regulatory milestones: Ripple’s application for a US-chartered bank license, the Market Structure Bill, and SWIFT-related news could also drive near-term price trends.

Bearish Scenario: Risks Below $2.2

BlackRock downplays plans for an XRP-spot ETF.
US Senate impasse continues, delaying XRP-spot ETF approvals.
The US Senate delays crypto-friendly legislation, including the Market Structure Bill.
Blue-chip companies dismiss XRP as a treasury reserve asset.
OCC delays or rejects Ripple’s US-chartered bank license.
SWIFT retains its market share in the global remittance market, capping Ripple’s market access.

These bearish scenarios could drag XRP back toward $2.2. If breached, $2.0 would be the next key support level.

Bullish Scenario: Path to $3

The US and China reach a trade agreement.
US government reopens.
BlackRock files an S-1 for an iShares XRP Trust, and the SEC approves XRP-spot ETFs.
Blue-chip companies boost XRP holdings for treasury purposes, and more payment platforms adopt Ripple technology.
Ripple secures a US-chartered bank license, and the Senate passes the Market Structure Bill.
Ripple sees growing demand for XRPL on Main Street, challenging SWIFT’s market dominance.

These bullish scenarios could drive XRP toward $3.0.
2025-10-17 04:35 4mo ago
2025-10-16 23:00 4mo ago
Solana Pauses To Recharge – Will $195 Support Hold The Line For A Comeback? cryptonews
SOL
Solana is taking a breather after a strong rally, now testing the crucial $195 support zone. Traders are watching closely to see if the bulls can defend this level and set the stage for a potential comeback.

Solana Begins A Healthy Pullback After Recent Rally
In a recent update, BitGuru highlighted that Solana (SOL) appears to be entering a healthy pullback phase following a sharp rally and partial recovery. This retracement is part of a natural market rhythm, allowing the asset to cool off after its recent burst of bullish momentum. Such pauses often serve as a foundation for more sustainable future growth, rather than signaling weakness.

While SOL’s price is hovering around the $203 mark, it is also facing strong resistance near $210. The market structure remains constructive, with buyers still active, though slightly cautious after the recent volatility.

SOL hovering in a healthy phase | Source: Chart from BitGuru on X
Should bulls manage to hold their ground and push through $210, BitGuru suggested that Solana could target the $225–$230 region in the short term. Conversely, if the price fails to clear resistance and loses support, a brief consolidation between $190 and $210 could follow.

Short-Term Bearish Momentum Takes Hold Below Key Averages
In a recent post, crypto analyst BeLaunch shared insights on Solana’s current price action, noting that the asset is showing signs of a short-term pullback following its strong rally. At the time of analysis, SOL’s price was trading around $199.45, marking a 1.84% gain, though still below its daily high of $208.91. The move reflects a mild cooling period after an upward surge.

From a technical perspective, the price of Solana has dipped below key moving averages, indicating a shift toward short-term bearish momentum. The asset is currently testing a key support zone near $195.53. However, BeLaunch observed that the recent decline came on lower trading volume, suggesting that selling pressure might be easing rather than intensifying.

According to the analyst, Solana’s structure points to a phase of consolidation rather than a full reversal. The price action appears to be forming a base after its breakout run, giving the market room to breathe before its next move. 

BeLaunch concluded that a sustained hold above $195 could trigger a rebound, potentially setting the stage for Solana to retest higher resistance levels near $210 and beyond. Conversely, a breakdown below this level could lead to a deeper retracement. However, in the broader outlook, the current weakness may represent a healthy reset within a larger bullish structure rather than a bearish trend reversal.

SOL trading at $196 on the 1D chart | Source: SOLUSDT on Tradingview.com
Featured image from Pixel Plex, chart from Tradingview.com
2025-10-17 04:35 4mo ago
2025-10-16 23:00 4mo ago
Bittensor [TAO] drops 15% amid $48 mln derivatives outflows: Buyers step in cryptonews
TAO
Journalist

Posted: October 17, 2025

Key Takeaways
What caused TAO’s sharp 15% fall?
$48 million Derivatives Outflows slashed Open Interest to $270 million, triggering market-wide liquidation pressure.

What signals hint at recovery?
Spot inflows rose $13.7 million, while MFI stayed above 50—showing buyers quietly rebuilding momentum.

Bittensor [TAO] saw a steep 15% drop in the last 24 hours after investors reacted to Grayscale’s consideration of listing the asset. The correction reflected a re-pricing of TAO’s value, yet it drew renewed demand from traders eager to accumulate more.

At press time, TAO traded near $403, recovering slightly from its intraday low near $370. Whether that demand can sustain new highs remains unclear.

Derivatives pressure drags TAO lower
The Derivatives Outflows in the market had been the primary driver behind TAO’s failed rally.

According to CoinGlass data, over $48 million exited derivative positions, cutting Open Interest down to roughly $270 million from its previous peak of around $340 million.

Source: CoinGlass

The overall derivatives Trading Volume Ratio also fell near 0.90, indicating that sellers maintained dominance across Futures markets.

Such conditions historically align with periods of extended price correction, leaving TAO vulnerable to further downside if liquidation clusters expand.

Investors aren’t backing down
Spot investors, however, didn’t back down. Many saw the recent price decline as an opportunity to buy more of the coin.

Between the 14th and 16th of October, Spot addresses accumulated about $13.7 million worth of TAO — a three-day buying streak reflecting confidence in the token’s long-term strength.

Source: CoinGlass

CoinGlass data showed that both Binance and OKX maintained positive Volume Ratios of 2.33 and 1.15, suggesting traders on these venues leaned bullish despite market-wide sell pressure.

The Open Interest Weighted Funding Rate flipped positive, implying long-position holders were paying funding fees — a setup often associated with expectations of near-term price recovery.

Bullish outlook emerges
Technical indicators suggested that a rebound could be in the works for TAO.

A look at the Money Flow Index (MFI) showed that it entered the bullish zone above 50—an area often followed by strong price momentum.

Source: TradingView

Meanwhile, the Accumulation/Distribution (A/D) line trended upward, reflecting renewed accumulation even as prices cooled.

If these indicators continue their upward slope, TAO could regain momentum toward the $450 zone. However, sustained outflows or another derivatives flush could offset the short-term bullish setup.
2025-10-17 04:35 4mo ago
2025-10-16 23:07 4mo ago
Ripple is raising $1 billion through a SPAC to buy and hold more XRP tokens cryptonews
XRP
Ripple Labs is raising $1 billion to fill up a new crypto war chest with more XRP, even as most of the market is still wrecked from last week's meltdown. The company is creating what it calls a digital-asset treasury, or DAT, which will be stacked with XRP.
2025-10-17 04:35 4mo ago
2025-10-16 23:08 4mo ago
Ethereum Price Slides Below $4,000 Support As Sellers Tighten Their Grip cryptonews
ETH
Ethereum price struggled to stay above $4,020 and dipped further. ETH is now consolidating in a range and might decline further if there is a move below $3,820.

Ethereum started a fresh decline below $4,020 and $4,000.
The price is trading below $4,000 and the 100-hourly Simple Moving Average.
There is a key bearish trend line forming with resistance at $4,070 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it trades below $3,820.

Ethereum Price Dips Below Support
Ethereum price struggled to settle above $4,120 and corrected most gains, like Bitcoin. ETH price declined below the $4,020 and $4,000 levels.

It even tested the $3,820 zone. A low was formed at $3,828 and the price is now consolidating losses. There was a minor increase toward the 23.6% Fib retracement level of the recent decline from the $4,215 swing high to the $3,828 low.

Ethereum price is now trading below $4,000 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance at $4,070 on the hourly chart of ETH/USD.

On the upside, the price could face resistance near the $3,950 level. The next key resistance is near the $4,020 level and the 50% Fib retracement level of the recent decline from the $4,215 swing high to the $3,828 low. The first major resistance is near the $4,070 level and the trend line.

Source: ETHUSD on TradingView.com
A clear move above the $4,070 resistance might send the price toward the $4,120 resistance. An upside break above the $4,120 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,220 resistance zone or even $4,250 in the near term.

Another Decline In ETH?
If Ethereum fails to clear the $4,020 resistance, it could start a fresh decline. Initial support on the downside is near the $3,880 level. The first major support sits near the $3,820 zone.

A clear move below the $3,820 support might push the price toward the $3,740 support. Any more losses might send the price toward the $3,650 region in the near term. The next key support sits at $3,550.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $3,820

Major Resistance Level – $4,070
2025-10-17 04:35 4mo ago
2025-10-16 23:12 4mo ago
James Wynn Returns to Crypto with Hyperliquid Leveraged Bets cryptonews
HYPE
James Wynn, the high-stakes crypto trader known for his audacious leveraged bets, has made a surprising comeback. After months away from the spotlight, Wynn has reactivated his Hyperliquid account, marking his return to active trading.
2025-10-17 04:35 4mo ago
2025-10-16 23:12 4mo ago
Bitcoin Price Prediction: After Triangle Breakdown, Is a Drop Below $105K Next? cryptonews
BTC
Triangle support shattered — Bitcoin price prediction warns of possible dip under $105K as bearish momentum builds.
2025-10-17 04:35 4mo ago
2025-10-16 23:16 4mo ago
XRP Price Prediction: XRP Could See a 2017 Like Bull Run Ahead cryptonews
XRP
XRP price rollercoaster over the past few months has left investors divided, some walking away in frustration, others spotting signs of something eerily familiar. 

After a dramatic flash crash on October 10 that wiped out nearly two-thirds of its value, XRP may be showing patterns reminiscent of its legendary 2017 bull run.

XRP Price Analysis Back in July 2025, XRP surged to around $3.66, briefly rekindling hopes of a full recovery from years of stagnation. But by October 10, it had plummeted to nearly $1.25 in a flash crash that stunned traders across the market. The drop, followed by an equally sharp rebound to $2.40 within hours, has now become a key focus for analysts tracking XRP’s technical setup.

That single-day recovery, forming a long “wick” on XRP’s chart, may signal what traders call a capitulation bottom, a point where weak hands exit and strong buyers quietly step in.

History Repeating Itself?The pattern has sparked déjà vu among long-time XRP observers. In 2017, XRP suffered a similar 58% wipeout before soaring over 5,000% to its all-time high above $3. According to several analysts, today’s setup closely mirrors that historic move.

One prominent analyst, known as Ether, believes XRP is in a “power accumulation phase” — a quiet period where institutional players build positions before a major breakout. 

“Those giving up on XRP now may regret it later,” Ether noted, suggesting that the current range between $1.25 and $2.50 could serve as a launchpad for the next rally.

The XRP ETF FactorUnlike in 2017, when retail investors fueled the mania, 2025’s XRP narrative could be driven by institutional participation. Market watchers point to growing speculation around a potential U.S.-approved XRP spot ETF as a major catalyst.

Such an ETF would grant traditional investors easy exposure to XRP without needing to manage wallets or custody solutions, potentially unlocking billions in new capital inflows. While no ETF has been approved yet, the anticipation alone has helped keep investor sentiment alive.

Can XRP Price Repeat Its Past Performance?Skeptics argue that XRP’s massive market cap makes another 5,000% run unlikely. However, even conservative projections suggest that XRP could reclaim the $10 mark if momentum and institutional demand align. 

Some bullish chartists, including one known as Chart Nerd, have floated scenarios where XRP could reach as high as $27, comparing its multi-year consolidation to Amazon’s decade-long flat trading phase before its explosive breakout in the 2000s.

Still, analysts warn against overconfidence. “History doesn’t always repeat, but it often rhymes,” one market veteran said. “XRP may not deliver a 2017-style miracle, but dismissing it entirely could be a mistake.”

Despite its volatility and long stretches of stagnation, XRP has a reputation for rewarding patient holders. Historically, its biggest rallies have come when the market least expected them. If the parallels with 2017 hold true, XRP could be quietly preparing for another dramatic chapter.

For now, the mood among investors is cautious optimism, a mix of skepticism, curiosity, and lingering hope that the old market patterns might just play out once again.

As one analyst summed it up:

“XRP always rewards the patient. The question is  how patient are you willing to be?”

Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQsIs now a good time to buy XRP?

Some analysts view the current price range as a potential accumulation zone, but it requires significant patience and a high tolerance for volatility.

How much will XRP reach in 2025?

Analysts and AI forecasts project XRP could reach $5.05 by the end of 2025, driven by ETF approvals, partnerships, and regulatory clarity.

How much will 1 XRP be worth in 2030?

Based on compounding growth and adoption, projections estimate XRP could trade around $26.50 by 2030, with averages near $19.75.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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2025-10-17 04:35 4mo ago
2025-10-16 23:27 4mo ago
Investors are better at spotting bad Bitcoin treasuries: David Bailey cryptonews
BTC
Investors are becoming more discerning of Bitcoin treasury companies as the “euphoria” over Bitcoin-stacking firms is starting to wane, according to a Bitcoin treasury executive.

There are currently 205 publicly listed Bitcoin (BTC) treasury companies worldwide. But their sheen has started to dull, with several firms that have adopted the strategy seeing their market net asset values (mNAVs) plunge in recent months.

“The market’s getting more sophisticated, it’s learning how to assess what makes treasury companies different,” KindlyMD CEO David Bailey, who is leading the company’s Bitcoin accumulation strategy, said in an interview with CNBC on Thursday.

Bitcoin treasuries must have a need and ‘edge’ to launch Bailey said that there’s little reason to launch unless a company pursues a truly unique approach. “It’s kind of like, what’s the edge? Why are you needed?” Bailey said.

“Anytime there is euphoria in the market, you see good companies come to bear and you also see not great companies come to bear,” he said.

Bitcoin is down 9.90% over the past seven days. Source: CoinMarketCapBailey said the days are over of new Bitcoin treasury companies following the exact playbook of public companies already in the market. 

“There are so many companies that the market can bear doing the exact same thing,” he said. 

He outlined several ways these firms can stand out, from pursuing untapped international markets to specializing in specific asset categories, such as Michael Saylor’s strategy of breaking into the credit market, or even acquiring and consolidating operating businesses that generate steady income.

Bailey’s Bitcoin firm, Nakamoto Holdings, completed its merger with healthcare company KindlyMD on Aug. 14, forming a publicly traded Bitcoin treasury vehicle with plans to accumulate 1 million BTC.

KindlyMD’s stock price has declined by almost 57% over the past six months. Source: Google FinanceKindlyMD shares have seen sharp swings in recent weeks, plunging 55% to $1.22 in a single day on Sept. 15, after Bailey cautioned short-term traders that the stock was likely to face heightened “price volatility.”

“We expect share price volatility may increase for a period of time,” Bailey said in a shareholder letter.

At the time of publication, KindlyMD’s stock price is trading at $0.76, according to Google Finance.

There’s debate whether Bitcoin treasuries are a bubbleHe said the market will see the strongest Bitcoin treasury companies enter “the next stage” in the near future, which will position the industry in a “healthy space.”

Public Bitcoin treasuries hold a total of $113.8 billion at the time of publication, according to BitcoinTreasuries.NET.

However, several Bitcoin treasuries have seen their mNAVs crater in recent months.

On Sept. 15, Standard Chartered warned that the collapse of several digital asset treasuries’ mNAVs now exposes smaller firms to more risks. 

“We see market saturation as the main driver of recent mNAV compression,” Standard Chartered said.

VC firm Breed said that only a few Bitcoin treasury companies will stand the test of time and avoid the vicious “death spiral” that will impact BTC holding companies that trade close to the mNAV.

Glassnode lead analyst James Check said on July 4 THAT his “instinct is the Bitcoin treasury strategy has a far shorter lifespan than most expect.” 

“For many new entrants, it could already be over,” Check added.

Meanwhile, TON Strategy CEO Veronika Kapustina said that while all the indicators suggest it is a bubble, it presents “a new segment of finance.”

Magazine: Back to Ethereum: How Synthetix, Ronin and Celo saw the light
2025-10-17 04:35 4mo ago
2025-10-16 23:27 4mo ago
Investors are getting better at spotting bad Bitcoin treasuries: David Bailey cryptonews
BTC
Investors are becoming more discerning of Bitcoin treasury companies as the “euphoria” over Bitcoin-stacking firms is starting to wane, according to a Bitcoin treasury executive.

There are currently 205 publicly listed Bitcoin (BTC) treasury companies worldwide. But their sheen has started to dull, with several firms that have adopted the strategy seeing their market net asset values (mNAVs) plunge in recent months.

“The market’s getting more sophisticated, it’s learning how to assess what makes treasury companies different,” KindlyMD CEO David Bailey, who is leading the company’s Bitcoin accumulation strategy, said in an interview with CNBC on Thursday.

Bitcoin treasuries must have a need and ‘edge’ to launch Bailey said that there’s little reason to launch unless a company pursues a truly unique approach. “It’s kind of like, what’s the edge? Why are you needed?” Bailey said.

“Anytime there is euphoria in the market, you see good companies come to bear and you also see not great companies come to bear,” he said.

Bitcoin is down 9.90% over the past seven days. Source: CoinMarketCapBailey said the days are over of new Bitcoin treasury companies following the exact playbook of public companies already in the market. 

“There are so many companies that the market can bear doing the exact same thing,” he said. 

He outlined several ways these firms can stand out, from pursuing untapped international markets to specializing in specific asset categories, such as Michael Saylor’s strategy of breaking into the credit market, or even acquiring and consolidating operating businesses that generate steady income.

Bailey’s Bitcoin firm, Nakamoto Holdings, completed its merger with healthcare company KindlyMD on Aug. 14, forming a publicly traded Bitcoin treasury vehicle with plans to accumulate 1 million BTC.

KindlyMD’s stock price has declined by almost 57% over the past six months. Source: Google FinanceKindlyMD shares have seen sharp swings in recent weeks, plunging 55% to $1.22 in a single day on Sept. 15, after Bailey cautioned short-term traders that the stock was likely to face heightened “price volatility.”

“We expect share price volatility may increase for a period of time,” Bailey said in a shareholder letter.

At the time of publication, KindlyMD’s stock price is trading at $0.76, according to Google Finance.

There’s debate whether Bitcoin treasuries are a bubbleHe said the market will see the strongest Bitcoin treasury companies enter “the next stage” in the near future, which will position the industry in a “healthy space.”

Public Bitcoin treasuries hold a total of $113.8 billion at the time of publication, according to BitcoinTreasuries.NET.

However, several Bitcoin treasuries have seen their mNAVs crater in recent months.

On Sept. 15, Standard Chartered warned that the collapse of several digital asset treasuries’ mNAVs now exposes smaller firms to more risks. 

“We see market saturation as the main driver of recent mNAV compression,” Standard Chartered said.

VC firm Breed said that only a few Bitcoin treasury companies will stand the test of time and avoid the vicious “death spiral” that will impact BTC holding companies that trade close to the mNAV.

Glassnode lead analyst James Check said on July 4 THAT his “instinct is the Bitcoin treasury strategy has a far shorter lifespan than most expect.” 

“For many new entrants, it could already be over,” Check added.

Meanwhile, TON Strategy CEO Veronika Kapustina said that while all the indicators suggest it is a bubble, it presents “a new segment of finance.”

Magazine: Back to Ethereum: How Synthetix, Ronin and Celo saw the light
2025-10-17 04:35 4mo ago
2025-10-16 23:30 4mo ago
Bitcoin Sees Historic Institutional Uptake With 40% Rise in Public Company Holders cryptonews
BTC
Corporate bitcoin accumulation is exploding, with institutional demand now driving the market as public companies' holdings soared past 1 million BTC in Q3 2025 — a staggering 21% surge quarter-over-quarter, underscoring bitcoin's rapid ascent as a core treasury asset.
2025-10-17 04:35 4mo ago
2025-10-16 23:32 4mo ago
Bitcoin Will Outperform Gold After Jumping 14x, Predicts Mexico's 3rd Richest Person: 'Bookmark This Post' cryptonews
BTC
In one of the boldest forecasts, Mexican business magnate Ricardo Salinas Pliego said on Thursday that Bitcoin (CRYPTO: BTC) will increase by at least fourteen times and ultimately surpass gold in value.

Bitcon To Catch Up With Gold?Salinas reacted to gold’s historic feat as the first asset to reach a market capitalization of $30 trillion.

“Bitcoin will go up at least 14 times ( means $1.516 Million) to catch up with Gold — and then it will continue to outperform,” Salinas, Mexico’s third-richest person, projected. “Bookmark this post.”

Indeed, if BTC hits $1.516 apiece, multiplied by its current circulating supply of 19.93 million, its market value will exceed $30 trillion.

See Also: Best Gold Trading Strategies

However, to hit the price level that Salinas suggested, BTC would need to increase by almost 1230%. That’s roughly equal to its gains in the last six years.

The lofty prediction comes amid contrasting trajectories of the two assets. While gold reached fresh highs at $4,370 per troy ounce, Bitcoin fell further to $107,000 on Thursday.

Salinas’ Bitcoin-Heavy PortfolioSalinas, who has a net worth of over $5 billion, has 80% of his wealth tied up in Bitcoin-related investments, with the rest in gold. In an interview earlier this year, he considered allocating 100% of his portfolio to the apex cryptocurrency.

He revealed that the devaluation of the Mexican national currency, the Peso, during the 80s, due to what he regarded as "mismanagement," pushed him toward sound money. He became a gold bug and “did really well” in the subsequent decades before adopting Bitcoin in 2013.

Price Action: At the time of writing, BTC was exchanging hands at $$108,812.31, down 2.28% in the last 24 hours, according to data from Benzinga Pro. Spot gold was up 0.43% to $4,345.24 per ounce.

Read Next: 

Ray Dalio Says ‘Gold Is Hotter Than AI’ — Who Needs Tech When You’ve Got Bullion?
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Photo courtesy: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
2025-10-17 04:35 4mo ago
2025-10-16 23:40 4mo ago
Bitcoin supporters launch “Bitcoin for Signal” campaign to bring BTC payments to the app cryptonews
BTC
Bitcoin supporters launch “Bitcoin for Signal” campaign to bring BTC payments to the app.
2025-10-17 04:35 4mo ago
2025-10-16 23:42 4mo ago
Ethereum attracted more than 16K new devs over 9 months cryptonews
ETH
More than 16,000 new developers joined the Ethereum ecosystem between January and September this year, according to the Ethereum Foundation, citing data from Electric Capital.

Solana was the second most preferred destination for new developers, with more than 11,500 developers writing code for the ecosystem; however, a Solana Foundation representative said the data may be outdated. 

Meanwhile, Bitcoin saw nearly 7,500 new developers.

Source: Ethereum FoundationThis makes the Ethereum ecosystem home to the biggest active developer base across all blockchain projects, with 31,869 developers. In comparison, Solana has the second-largest with 17,708 developers, and Bitcoin has 11,036 developers.

Notably, the data for the Ethereum ecosystem includes the Ethereum layer-1 network along with layer-2 networks as defined by L2Beat, such as Arbitrum, Unichain, Optimism, and more, and doesn’t double-count developers working for multiple networks within the ecosystem. 

Solana’s two-year growth is notableDespite leading the pack, full-time developers in the Ethereum ecosystem grew by only 5.8% in the past year and 6.3% over the past two years. 

Meanwhile, Solana saw a sharp increase of 29.1% over the past year and a staggering 61.7% increase over the past two years, according to a developer tracker developed by Electric Capital.

Unaccounted Solana developersHowever, Solana Foundation’s head of developer relations, Jacob Creech, said Electric Capital’s data underreports the number of developers on Solana by around 7,800.  

Creech has asked developers to submit their GitHub repositories so they can be accurately tracked by Solana crawlers that compile Solana-related activity on GitHub.

Others have also questioned the data, as some chains were grouped together, while others were omitted, despite all the chains operating on the Ethereum Virtual Machine (EVM).

“EVM chains should be grouped together. Developers on Polygon and BNB clearly can reuse the majority of skills and EVM tooling,” Nethermind founder Tomasz K. Stańczak said.

Cointelegraph reached out to Electric Capital, but did not receive a response by the time of publication.

Could AI be inflating numbers? Meanwhile, Jarrod Watts, head of Australia for layer-2 network Abstract, has cast doubt on the number of new developers entering the space, arguing that AI coding and hackathon repos are inflating the figures.

“IMO this data likely includes a tonne of vibe coding slop and hackathon repos that are never touched again… I don’t think I can name one new crypto dev that started this year,” said Watts. 

Magazine: Back to Ethereum: How Synthetix, Ronin and Celo saw the light
2025-10-17 04:35 4mo ago
2025-10-16 23:46 4mo ago
Gold market cap soars to $30T, dwarfing Bitcoin and tech giants cryptonews
BTC
10 minutes ago

The price of the gold has skyrocketed to a new all-time high, pushing its market capitalization to a new milestone, with analysts predicting Bitcoin could be next.

109

Gold’s market capitalization reached a record $30 trillion on Thursday as the commodity surged to a new all-time high of $4,357 per ounce. 

The milestone market cap peak means that gold is now 14.5 times larger than Bitcoin’s market capitalization, which is around $2.1 trillion.

It is also 1.5 times larger than the market capitalization of the “Magnificent 7” largest tech companies on the planet, Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla, whose combined market capitalization is just around $20 trillion.

Unlike a company’s stock market cap, which is based on outstanding shares, the market cap of gold is a calculation of the total value of all the gold that has ever been mined; however, it is impossible to know the exact amount. 

Gold rocketed this year, Bitcoin could benefit The price of gold has surged 64% since Jan. 1 as investors flock to the store of value asset amid dollar debasement, geopolitical tensions, and trade tariff woes. 

Gold has more than doubled since the beginning of 2024. Source: TradingViewMany analysts believe that capital will rotate into Bitcoin, often referred to as digital gold, when the gold market cools. 

“Gold added over $300 billion to its market cap today,” said crypto analyst Sykodelic on Thursday. “It’s been adding an entire Bitcoin market cap in one week,” he continued.

“I don’t understand how most cannot see that as soon as gold stalls, BTC is going to rip.”“If Bitcoin can loosen its correlation with US equities [amid] the tense geopolitical backdrop, particularly if gold flows decelerate, perhaps this is the trade after the trade,” said venture investor Joe Consorti.

Meanwhile, analyst ‘Merlijn the Trader’ observed that the M2 global money supply was surging, gold is ripping, but Bitcoin is sleeping. 

“This divergence never lasts, liquidity always finds risk, [and] the catch-up rally will be brutal,” he said.

Bitcoin prices lag gold and M2 but usually catch up. Source: Merlijn the Trader
Bitcoin (BTC) is currently up 16% from its levels on Jan. 1, which is almost 14% from its all-time high. 

Magazine: Binance shakes up Korea, Morgan Stanley’s security tokens in Japan: Asia Express
2025-10-17 04:35 4mo ago
2025-10-16 23:57 4mo ago
Ripple Labs Plans $1B Treasury Build to Vault Itself as Top XRP Holder cryptonews
XRP
Ripple Labs plans to raise $1B via a SPAC to build a digital asset treasury, expanding its XRP reserves and solidifying its role in the token's ecosystem.
2025-10-17 04:35 4mo ago
2025-10-17 00:00 4mo ago
Newsmax will buy up to $5 million in Bitcoin and Trump Coin cryptonews
$TRUMP BTC
Newsmax confirmed Thursday that its board approved a plan to buy up to $5 million worth of Bitcoin and Trump Coin within the next twelve months, according to a statement shared by the network's executives. The purchases will begin “soon,” with future acquisitions depending on how the crypto market behaves.
2025-10-17 04:35 4mo ago
2025-10-17 00:00 4mo ago
ETH price update – $3.4K in sight if THIS Ethereum support fails! cryptonews
ETH
On the daily chart, the market structure was bearish after the drop below $3,815, and swing traders should be wary of a drop below the $4k mark.
2025-10-17 04:35 4mo ago
2025-10-17 00:00 4mo ago
Bitcoin Faces Bearish Pressure Near $111K Support After Failing to Extend All-Time Highs cryptonews
BTC
Bitcoin (BTC) is once again testing critical support above $111,000, with traders debating whether the recent pullback marks the start of a deeper correction or a healthy consolidation before the next leg higher.

After touching an all-time high above $126,000, the world’s largest crypto asset has shed nearly 9% on the weekly charts, reflecting waning momentum amid broader market uncertainty and renewed U.S.–China trade tensions.

BTC's price trends to the downside on the daily chart. Source: BTCUSD on Tradingview
Bitcoin Tests Key Support as Momentum Fades
Currently, Bitcoin is trading around $111,300, down roughly 1% in 24 hours, after briefly dipping to an intraday low of $110,292. Technical indicators show the asset under pressure, with the 20-day and 50-day moving averages turning lower and a bearish crossover emerging on the MACD.

The Relative Strength Index (RSI) has fallen to the mid-40s, signaling cooling buying strength and the potential for further downside if support fails.

Analysts are eyeing $107,000–$110,000 as the crucial short-term demand zone. A decisive break below this area could open the path toward $100,000, while a bounce above $115,000–$123,000 would be needed to restore bullish sentiment.

“Bitcoin’s structure suggests fatigue at the top, with a potential double-top formation visible around $126,000,” one market analyst noted. “A weekly close below $110K would likely trigger broader profit-taking.”

Whales Turn Cautious, Bitcoin ETF Inflows Slow
On-chain data indicates that BTC whales have increased short exposure, signaling caution among large holders.

This aligns with reports of falling ETF inflows, which declined by over $223 million this week after surging more than $2.7 billion the week before. Analysts suggest this cooldown reflects a pause in institutional demand following months of aggressive accumulation.

Meanwhile, traders are closely watching macro developments, as gold’s rally to a record $4,200 has drawn some capital away from Bitcoin’s “digital gold” narrative. Weak U.S. data and tariff-related volatility have added pressure, pushing some investors back toward traditional safe havens.

Analysts Warn of Rising Wedge Breakdown
Technically, Bitcoin’s weekly chart shows a rising wedge pattern, often a bearish setup. If BTC closes the week below $110,000, the structure projects a potential downside target around $74,000, representing a 34% correction.

However, long-term metrics such as hash rate and network activity remain strong, suggesting that any deep retracement could offer a buying opportunity for patient investors.

For now, Bitcoin’s next move hinges on whether bulls can defend the $110K floor. A strong rebound from here could set the stage for another attempt toward $126K, but failure to hold support risks ushering in a much sharper correction before the next major rally begins.

Cover image from ChatGPT, BTCUSD chart on Tradingview
2025-10-17 04:35 4mo ago
2025-10-17 00:19 4mo ago
Bitcoin Falls as Short Sellers Pile In, Even as Spot Buyers Step Up cryptonews
BTC
In brief
A short-selling cascade drove Bitcoin down 3.5% to $107,500, on Thursday, adding over $1 billion in bearish bets.
The sell-off triggered $724 million in liquidations, with longs accounting for 74% of the total wipeout.
A market schism emerged as spot buyers on Coinbase accumulated while shorts attacked on derivatives.
Bitcoin experienced a sharp pullback on Thursday, driven primarily by short selling, which exacerbated losses.

In the 90 minutes leading to the drop, Bitcoin slipped 1.5% from $115,000 as open interest—representing the total number of unsettled derivative contracts—climbed by 2.3%, adding over $591 million in notional value, according to Velo data.

The cumulative volume delta of perpetual futures on offshore exchanges, such as Binance and Bybit, decreased, while the spot CVD remained steady, suggesting that short perpetual sellers drove Bitcoin’s decline.

Over the next two hours, short selling intensified, prompting a 3.5% drop to $107,500 as spot sellers joined the fray. Open interest climbed 4% to add another $1.03 billion in exposure.

“Short traders are dominating in the perpetual futures markets right now, and spot demand is still in contraction based on on-chain data,” Julio Moreno, head of research at CryptoQuant, told Decrypt.

Amid the derivative-driven chaos, a key divergence emerged as spot CVD on U.S.-based exchange Coinbase remained "mostly positive," indicating consistent buy-the-dip activity from spot investors.

The spot bid-ask delta indicator showed increased bid activity, confirming that spot buyers were absorbing the selling pressure from leveraged shorts, per CoinGlass data.

The violent price move has triggered a $724 million liquidation event in 24 hours. Long positions bore the brunt, accounting for $536 million of the total, indicating that bulls levered up, hoping for a recovery.

“The drop is due to a mix of macroeconomic uncertainty, rising geopolitical tensions, and a spike in liquidations from overleveraged positions,” Ryan Lee, chief analyst at universal exchange Bitget, told Decrypt.

The recovery after the Black Friday event was met with “profit-taking, adding further selling pressure,” Lee noted.

Looking ahead, the crypto market is likely going to need “time to rebalance or find its footing after such a big flush-out,” Anthony Leutenegger, CEO of Aragon, told Decrypt. “As long as macro uncertainty lingers... we might expect continued volatility.”

Moreno remains bearish despite the dip-buying efforts from spot investors and believes the “odds of a rally are tilted to the downside.”

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
2025-10-17 04:35 4mo ago
2025-10-17 00:22 4mo ago
Tough year for blockchain gaming, but there's a ‘shimmer of hope' cryptonews
SMR
4 minutes ago

Blockchain gaming has faced a challenging year for funding, according to DappRadar, but a Q3 uptick brings hope, while recent game releases could turn the tide.

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Blockchain gaming projects have struggled to attract funding this year compared to 2024, but analysts argue there’s a sliver of hope as studios release new games aimed at tapping into the mainstream gaming audience. 

In Q3, the blockchain gaming industry saw $129 million of venture capital flow in, its strongest quarter this year, bringing the total for the year so far to $293 million. 

However, the total is only a fraction compared to last year. In 2024, DappRadar recorded over $1.8 billion flowing into the blockchain gaming industry, and 2025 is so far on track to only attract 25% of the previous year’s total.

DappRadar’s head of content, Robert Hoogendoorn, said the recent Q3 uptick was also likely influenced by a surge in the wider crypto market. 

Investments in blockchain gaming saw a bump in Q3 compared to previous quarters this year. Source: DappRadar“That shimmer of success can’t be seen separate from the general crypto market. The past few months have been a period of growth, mainly for Bitcoin,” he said in the State of Blockchain Gaming Q3 report released on Thursday. 

Investors are more discerningHoogendoorn said this “means that development teams can no longer rely on half-assed products to acquire funding.”

“Instead, they need to show a working product and create actual demand. Venture capital still flows, but not every shiny new idea gets the chance to flourish.”In March, Sky Mavis co-founder Jeffrey Zirlin shared a similar opinion, telling Cointelegraph that crypto gaming investors are no longer blindly throwing funds into “Axie killers” that fail to deliver. 

The three biggest funding rounds for the quarter saw developer E-PAL attract $30 million for its gaming platform, while first-person shooter Shrapnel got $19.5 million, and India-based studio SuperGaming scored $15 million to expand its battle royale game and develop its own L3 network on top of Base.

“Some projects thrive while the market conditions aren’t optimal, others have development teams that have managed their funds properly to overcome the hurdles of a bear market,” Hoogendoorn added.

Mainstream adoption provides a shimmer of hope Mainstream adoption could provide some new blood for the industry, said Hoogendoorn, but at the moment, there has been some “difficulty attracting a mainstream audience,” and studios hoping to onboard millions of gaming enthusiasts are having limited success.

“However, during Q3 2025, we did see some reputable projects launching their games, creating a shimmer of hope for an industry longing for mainstream acceptance,” Hoogendoorn said.

“As we close Q3 2025, blockchain gaming stands at a crossroads: resilient amid contraction, yet hungry for mainstream breakthroughs.”Online data platform Statista estimates that there are over 2.7 billion active gamers globally, representing a massive market for blockchain-based games. 

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[LIVE] Crypto News Today: Latest Updates for Oct. 17, 2025 – Crypto Sell-Off Deepens; Bitcoin Below $109K, Ethereum Under $4K, DePIN Sector Sinks 7% cryptonews
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Follow up to the hour updates on what is happening in crypto today, October 17. Market movements, crypto news, and more!
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Alibaba's Zhang on AI in E-Commerce stocknewsapi
BABA
Kaifu Zhang, Alibaba Group VP, oversees search, recommendation, and AI innovations at group's e-commerce businesses. He talks exclusively to Bloomberg about how his company is forging ahead with AI in e-commerce.
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Amazon's Stalemate: Earning Income While Waiting For The Next Catalyst stocknewsapi
AMZN
SummaryAmazon remains a Hold due to a lack of near-term catalysts and continued trading range between $200-250.AWS growth is steady but below expectations, while advertising momentum is a positive but not thesis-altering for AMZN.A wheel-like options strategy, selling puts at $200, offers attractive income (5-30% annualized) and a discounted entry for long-term investors; Or AMZY.Valuations are reasonable, and AMZN is a core holding at the right price, but a full Buy awaits stronger catalysts or momentum.Greggory DiSalvo/iStock via Getty Images

Since I last reviewed Amazon (NASDAQ:AMZN) (TSX:AMZN:CA) and downgraded it to a Hold (after reaping in ~31% profits), it has underperformed the S&P 500 by 9 percentage points. Since July, the S&P 500 has rallied by ~6%, while Amazon

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

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

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