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Brian Niccol, during an interview at Salesforce's Dreamforce conference, spoke about the mistake he made during his first year as CEO of Starbucks.

Eugene Gologursky/Getty Images for Fast Company

2025-10-16T00:34:05Z

Brian Niccol explained the mistake he made during his first year as Starbucks' CEO.
He said he didn't position the turnaround plan as part of the cultural conversation quickly enough.
Niccol added that leadership means hearing feedback — and being brave enough to make unpopular decisions.

Speaking on Wednesday at the Salesforce Dreamforce conference in San Francisco, Brian Niccol acknowledged that he's made a mistake during his first year as Starbucks' CEO.

"Initially, we had taken the tactic like 'hey, we just got to get this business turned around and then we'll start talking about what's going on,' and the reality is we needed to get into conversation from day one so people understood, transparently, what we are trying to do with Starbucks," Niccol told interviewer Heather Ruden, the area vice president of global field marketing at Salesforce.

Since taking the role of CEO in September 2024, Niccol has been spearheading the "Back to Starbucks" initiative — a series of major policy overhauls intended to improve the customer experience and return Starbucks to its glory as the "third place" customers spend time, other than at home and work.

It was in communicating his comeback strategy and Starbucks' role as a cultural leader that he erred in his first few months on the job, Niccol said.

"I would say, you know, early on, we needed to figure out how to tell our story again and do it in the right channels and in a culturally relevant way," Niccol said. "And I think, you know, luckily, we're now getting back to being on our front foot in talking about our business."

Starbucks' comeback campaign has encompassed everything from the dress code for baristas to streamlining the menu and overhauling the mobile ordering system. Starbucks has previously told Business Insider that customer engagement scores have increased in response to the changes.

However, Niccol has faced criticism from corporate and store-level employees about the "Back to Starbucks" plan, which has included two rounds of sweeping layoffs and the closure of hundreds of Starbucks stores in addition to the procedural changes.

Wall Street is not fully convinced about the the "Back to Starbucks" revitalization initiative; the company reported its sixth consecutive quarter of declining sales in July.

Stock for Starbucks is down more than 13% since the company announced Niccol would take the helm as CEO. It closed slightly up on Wednesday, at $82.86 per share.

The company has recently introduced its new protein cold foam menu options, capitalizing on both Gen Z's love of customizable cold drinks and the ongoing protein craze. It also activated the Swifties with a Taylor Swift-themed marketing campaign to celebrate the release of her "Life of a Showgirl" album.

When asked by Ruden about whom he has trusted to help him make decisions about Starbucks' cultural positioning, Niccol pointed to changes in the company's leadership team that have been executed since he took over as CEO, including the introduction of several staff members he had worked with before during his time as chief executive of Chipotle and Taco Bell.

He added, though, that being the company's leader means clearly outlining the plan for the company's performance, and sticking to it — even if that comes without immediate buy-in or consensus.

"If you're waiting for others to give you consent or support, you're going to be waiting for a while, because you're asking people to change — and in change is discomfort," Niccol said.

Niccol came to Starbucks after a successful stint as CEO of Chipotle, which saw sales skyrocket, and the company's share price soar more than eightfold, trading at around $6 a share when he became CEO to around $56 each by the time he left to join the coffee giant.

While at Chipotle, he executed a similar comeback strategy as the one he has introduced at Starbucks, laying off nearly 400 staff members before relocating the company's headquarters to Newport Beach, California, and shuttering more than 50 Chipotle locations identified as low performers.

Reflecting on his leadership trajectory, Niccol said he finds himself doing more listening now than he did when he was younger, and getting more "comfortable" with making decisions that "are not going to please everybody."

"I think the job of a leader is to take all that information, make a decision, galvanize everybody around that decision, and then be comfortable with moving forward," Niccol said.

He added: "You also have to then recognize that there are people that aren't comfortable with the decision, and moving forward, you're going to need to ask them to go somewhere else because, unfortunately, it just becomes a big distraction, and it really can become a cancer on your culture."

Ultimately, Starbucks "stands for more than coffee," Niccol said, and it's up to him as CEO to set the company's pace and communicate its mission and values from the top down.

Representatives for Starbucks did not immediately respond to a request for comment from Business Insider.

Have a tip? Contact this reporter via email at Katherine Tangalakis-Lippert at [email protected] or Signal at byktl.50. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.

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Highlights: Formation has closed $8,262,389.48 in gross proceeds, fully funding its planned 20,000 metre total multi-phase drill program at its flagship N2 Gold Project in Quebec, host to a global historic resource of ~870,000 ounces comprised of 18 Mt grading 1.4 g/t Au (~809,000 oz Au) across four zones (A, East, RJ-East, and Central)2,3 and 243 Kt grading 7.82 g/t Au (~61,000 oz Au) across the RJ zone2,4 . Phase 1, consisting of 10,000 metres, commenced on September 25, 2025.

South Korea is nearing a decision on whether to allow Google and Apple to export high-resolution geographic map data to servers outside the country. The detailed maps, which use a 1:5,000 scale, would show streets, buildings, and alleyways in far greater detail than currently available on these platforms. However, several regulatory and security hurdles remain unresolved.

Earlier this week, South Korea’s National Assembly Defense Committee held a parliamentary audit of Google Korea. Lawmakers questioned the company’s requests for local map data, raising concerns over national security and digital sovereignty. The session comes two months after Seoul postponed its decision on Google’s request to export high-resolution map data in August, following an earlier delay in May.

A policymaker has warned that Google’s satellite maps could endanger national security by exposing sensitive military sites when combined with commercial imagery and online data. The lawmaker is urging the government to gain authority to monitor and regulate the export of high-resolution geographic information. Given that South Korea remains technically at war with North Korea, the government is cautious about exposing such locations.

The government’s final decision on Google Maps is expected around November 11, or possibly even earlier, a South Korean government official told TechCrunch. Last month, the Ministry of Land, Infrastructure and Transport announced it would extend the review period by an additional 60 days.

In February, Google requested, for the third time in South Korea, permission from the Korean National Geographic Information Institute to use a 1:5,000 scale map, which provides much greater details, in its app and to transfer the map data to servers outside of South Korea. Currently, Google uses a 1:25,000 scale map that includes points of interest and satellite imagery. Local navigation apps such as Naver Map, T Map, and Kakao Map are the most popular among local users. These apps offer map data at a scale of 1:5,000, and therefore, much more information and detail, giving them a significant competitive advantage.

In 2011 and again in 2016, South Korean authorities turned down Google’s request for access to the country’s map data. Officials made clear that approval would hinge on the company opening a local data center and obscuring sensitive locations, including national security sites, citing security concerns. Google declined to meet these conditions.

After South Korea rejected approval in August, Google reportedly agreed to obscure the locations of the country’s security sites on Google Maps and Google Earth. The company is blurring sensitive installations to address government concerns over satellite imagery and is reportedly exploring the purchase of government-approved satellite data from local providers, including T Map.

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Google did not immediately respond to a TechCrunch request for comment.

Under South Korea’s Geospatial Information Management Act (Article 16), government survey data — such as maps and satellite images — cannot be sent abroad without approval from the entire Cabinet. Passed in the 1970s, the law continues to underpin the country’s strict control over geospatial data.

Map data has become a sensitive national security issue in conflict zones worldwide. The Israeli army asked Google Maps to turn off real-time traffic data in Israel and Gaza in 2023, just as it did in Ukraine after Russia’s 2022 invasion. And in 2009, European regulators had urged Google to delete original Street View images over privacy concerns.

Apple follows Google in seeking South Korea map data
It’s not just Google making moves. Apple also requested in June to export high-resolution map data from South Korea at a 1:5,000 scale. That came after its initial request in 2023 was turned down.

While Google keeps its map servers outside Korea, Apple operates local servers, a distinction the government weighs when reviewing requests. Local servers allow authorities to respond swiftly to security concerns at sensitive sites.

Last month, South Korea postponed its decision on allowing Apple to export high-precision digital map data, pushing the review to December.

Reports suggest Apple may show more flexibility than Google in adhering to government-imposed restrictions, including blurring, masking, or lowering the resolution of sensitive sites. The company is also said to plan to use SK Telecom’s T Map as its primary base map data source.

Apple did not respond to TechCrunch’s requests for comment.

Google and Apple are upgrading their maps with detailed building footprints, alleyways, and precise street-level data to enhance navigation, which could also support advanced technologies like self-driving cars and drone deliveries. For South Korea, exporting high-resolution map data could boost tourism, promote local businesses, and drive smart city innovation, while giving the government leverage to enforce security safeguards. Critics, however, warn that the move may primarily benefit U.S. tech giants rather than domestic users.

Google Maps has a broader global reach, covering 250 countries and territories, while Apple Maps is available in just over 200 regions, per a report.

Kate Park is a reporter at TechCrunch, with a focus on technology, startups and venture capital in Asia. She previously was a financial journalist at Mergermarket covering M&A, private equity and venture capital.

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Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Telix Pharmaceuticals Ltd. (NASDAQ: TLX) resulting from allegations that Telix may have issued materially misleading business information to the investing public.

So What: If you purchased Telix securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=43778 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

What is this about: On July 22, 2025, Telix disclosed receipt of a subpoena from the U.S. Securities and Exchange Commission, which was "seeking various documents and information primarily relating to the Company's disclosures regarding the development of the Company's prostate cancer therapeutic candidates."

On this news, Telix's American Depositary Receipt ("ADR") price fell $1.70 per ADR, or 10.44%, to close at $14.58 per ADR on July 23, 2025.

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

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

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

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
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      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
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October 15, 2025 9:01 PM EDT | Source: Lode Gold Resources Inc.
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2025) - Lode Gold Resources Inc (TSXV: LOD) (OTCQB: LODFF) (the "Company" and "Lode Gold") is pleased to announce Bill Fisher, a current director of Gold Orogen (Lode Gold's subsidiary and planned spinout), has accepted the position of Chair of the Technical Committee of Gold Orogen. Gold Orogen holds highly prospective Canadian gold assets located it the Yukon and New Brunswick.

Wendy T. Chan, CEO and Director of Lode Gold, stated, "Bill's expertise in developing and advancing significant projects as such Fruta del Norte from early stage to sale will help guide Gold Orogen with its two highly prospective discovery areas in the Yukon and New Brunswick. In addition, Bill can provide invaluable assistance for advancing Lode Gold's Fremont gold project as we optimize project economics and advance Lode Gold's multimillion ounce gold project located in the USA towards permitting and production. With the US governments' recent focus on the domestic production of critical minerals including gold, the past producing Fremont gold mine is well positioned."

Bill has a successful track record, highlighted by notable exits. In the late 1990s, Bill served as Vice President of Exploration for Boliden AB, a major European mining and smelting company, where he managed 35 projects across nine countries. His career highlights include serving as Chairman of Aurelian Resources, which discovered the Fruta del Norte gold deposit in Ecuador, leading to the company's acquisition by Kinross Gold for $1.2 billion in 2008. Bill also helped transformed GlobeStar Mining Corp. from an exploration company to an emerging producer, having been instrumental in developing the Cerro de Maimon copper/gold mine in the Dominican Republic, which was completed on time and under budget. This project was sold to Perilya for $186 million.

With over 40 years in the mining industry, Bill is renowned for his expertise in exploration, development, and strategic leadership. His career began in Africa, where he spent a decade working on diamond exploration and mining projects, including significant discoveries of kimberlites in the Congo and contributions to exploration efforts in West Africa.

Until recently, Bill served as Chairman of GoldQuest Mining Corp., overseeing the development of a 3-million-ounce gold discovery in the Dominican Republic. He holds directorships in several mining companies, including Inventus Mining and Churchill Resources, and he previously served as Chairman of Treasury Metals now called (NexGold Mining Corp), which is developing the Goliath Gold Complex in Ontario.

Grant of Incentive Stock Options
Lode Gold has granted stock options to purchase an aggregate of 2,157,500 common shares in the Company, at an exercise price of $0.21 per share, to directors and consultants working for the Company. The stock options are granted pursuant to the Lode Gold's 10% rolling stock option plan with 50% of the options vesting on grant and the remaining 50% vesting on the first anniversary of grant. The options expire five years from the date of issue.

About Lode Gold
Lode Gold is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

In Canada Lode Gold holds exploration properties in the Yukon and New Brunswick. Lode Gold's Yukon assets are located on the southern portion of the prolific Tombstone Belt and cover approximately 99.5 km2 across a 27 km strike. Over 4,500 m have been drilled on the Yukon properties with confirmed gold endowment and economic drill intercepts over 50 metres. Four reduced-intrusive targets (RIRGS) and sedimentary-hosted orogenic gold mineralization have been identified on the Yukon properties.

In New Brunswick, Lode Gold, through its subsidiary 1475039 B.C. Ltd., has created one of the largest land packages in the province with its Acadian Gold joint venture Acadian Gold's holdings span 445 km2 with 44 km of identified strike. It has confirmed gold endowment with mineralized rhyolites.

In the United States, the Company is focused on its advanced exploration and development asset, the Fremont Mine in Mariposa, California. It has a recent 2025 NI 43-101 report and mineral resource estimate ("MRE") that can be accessed here https://lode-gold.com/project/freemont-gold-usa/.

The Fremont Mine operated until a gold mining prohibition was enacted during WWII, when its mining license was suspended. This asset has exploration upside and is open at depth (three step-out holes at 1,300 metres hit structure and were mineralized) and on strike. This is a brownfield project with over 43,000 metres drilled, 23 kilometres of underground workings and 14 adits. The project has excellent infrastructure with close access to electricity, water, state highways, railheads and port.

The Company recently completed an internal scoping study evaluating the potential to resume operations at Fremont based on 100% underground mining. Previously, in March 2023, the Company completed a Preliminary Economic Assessment ("PEA") in accordance with NI 43-101 which evaluated a mix of open pit and underground mining. The PEA and other technical reports prepared on the Company's properties are available on the Company's profile on SEDAR+ (www.sedarplus.ca) and the Company's website (www.lode-gold.com).

ON BEHALF OF THE COMPANY

Wendy T. Chan
CEO & Director

Cautionary Statement Regarding Forward-Looking Information

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

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the use of proceeds, advancement and completion of resource calculation, feasibility studies, and exploration plans and targets. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: the status of community relations and the security situation on site; general business and economic conditions; the availability of additional exploration and mineral project financing; the supply and demand for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners; the timing and receipt of governmental permits and approvals; the timing and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the Company's interpretation of drill results; the geology, grade and continuity of the Company's mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; and currency fluctuations.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include a deterioration of security on site or actions by the local community that inhibits access and/or the ability to productively work on site, actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, business disruptions, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270632

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Q3 2025 Earnings Call October 15, 2025 5:00 PM EDT

Company Participants

Andrew Hall
Shelley Simpson - President, CEO & Director
Brad Delco - EVP of Finance & Chief Financial Officer
Spencer Frazier - Executive Vice President of Sales & Marketing
Nicholas Hobbs - COO, President of Highway & Final Mile Services and Executive VP
Bradley Hicks - President of Dedicated Contract Services & Executive VP
Darren Field - Executive VP & President of Intermodal

Conference Call Participants

Christian Wetherbee - Wells Fargo Securities, LLC, Research Division
Brian Ossenbeck - JPMorgan Chase & Co, Research Division
Jonathan Chappell - Evercore ISI Institutional Equities, Research Division
Scott Group - Wolfe Research, LLC
Brady Lierz - Stephens Inc., Research Division
Ken Hoexter - BofA Securities, Research Division
Jordan Alliger - Goldman Sachs Group, Inc., Research Division
Ravi Shanker - Morgan Stanley, Research Division
Bascome Majors - Susquehanna Financial Group, LLLP, Research Division
Thomas Wadewitz - UBS Investment Bank, Research Division
Eric Morgan - Barclays Bank PLC, Research Division

Presentation

Operator

Good afternoon, and welcome to the J.B. Hunt Transport Third Quarter 2025 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Andrew Hall, Senior Director of Finance. Please go ahead.

Andrew Hall

Good afternoon. Before I introduce the speakers, I would like to provide some disclosures regarding forward-looking statements. This call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as expects, anticipates, intends, estimates or similar expressions are intended to identify these forward-looking statements. These statements are based on J.B. Hunt's current plans and expectations and involve risks and uncertainties that could cause future activities and results to be materially different from those set forth in the forward-looking statements. For more information regarding risk factors, please refer to J.B. Hunt's annual report on Form 10-K and other reports

Recommended For You

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 CGEH 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.

SAN FRANCISCO--(BUSINESS WIRE)--Salesforce (NYSE: CRM), the world's #1 AI CRM, today announced a new long-term revenue target of $60B+ by fiscal year (FY) 2030, excluding Informatica. This implies a 10%+ organic FY26 to FY30 compounded annual growth rate (CAGR). Additionally, Salesforce announced a new long-term Profitable Growth Framework, 50 by FY30, through which the company aims to have the sum of subscription and support constant currency growth rate and non-GAAP operating margin total 50.

October’s $19B liquidation revealed how fragile centralized exchanges remain, exposing liquidity gaps, outage risks, and the limits of trust-based trading models.Binance’s alleged 9% listing-fee demand reignited long-standing fairness debates, deepening the crisis of confidence as traders questioned centralized gatekeeping.DeFi platforms like Hyperliquid, Uniswap, and Aave maintained uptime and transparency through the chaos, proving on-chain markets can outlast centralized giants.Crypto Black Friday’s record liquidations erased $19 billion in positions, exposing transparency gaps between centralized and decentralized venues. As Binance stumbled, Hyperliquid held firm, making the 10.10 crash crypto’s biggest stress test since FTX.

The crash and Binance’s recent listing controversy underscored one growing theme: the cost of centralization and the appeal of open systems.

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The Crash That Shook TrustLatest Update
Bloomberg reported that Hyperliquid processed over $10 billion of the $19 billion in liquidations while Binance suffered outages and refunded users. The DEX maintained 100% uptime, proving its resilience during extreme volatility.

Background Context
Bitwise CIO Matt Hougan noted that blockchains “passed the stress test,” highlighting that DeFi venues like Hyperliquid, Uniswap, and Aave stayed operational while Binance had to compensate the traders. His conclusion: decentralization preserved market integrity as leveraged traders collapsed.

Spot Volume: Binance vs Hyperliquid | Dune Dune data shows Binance dominates spot volume, while Hyperliquid’s share remains under 10% despite steady growth through mid-2025. The same trust gap that surfaced during the crash soon reappeared in a different form — the listing fee debate.

Binance Faces the Listing BacklashDeeper Analysis
Limitless Labs’ CEO alleged that Binance demanded 9% of the token supply and multimillion-dollar deposits for listings. Binance denied it, citing refundable deposits, and defended its Alpha program. The fairness debate erupted as CEX trust hit new lows.

Behind the Scenes
CZ argued exchanges follow different models and said, “If you dislike fees, build your own zero-fee platform.” Hyperliquid replied that on its network, “there is no listing fee, department, or gatekeepers.” Spot deployment is permissionless: any project can launch a token by paying gas in HYPE and earn up to half of trading fees on their pairs.

Sponsored

Sponsored

DEX and AMM have already ensured free listing, exchange, and liquidity for any asset

If a project is willing to pay high listing fees it’s for marketing, not market structure

Proud of the role we played in making this a reality

— Hayden Adams 🦄 (@haydenzadams) October 15, 2025
Uniswap founder Hayden Adams argued that DEXs and AMMs already offer free listing and liquidity—if projects still pay CEX fees, it’s purely for marketing.

Hyperliquid Emerges as the On-Chain ContenderEssential Facts

PlatformSept 2025 VolumeMarket CapHyperliquid≈ $200 B≈ $13.2 BAster≈ $20 B≈ $2.5 BdYdX≈ $7 B monthly$1.5 T cumulativeDefiLlama data: Perp DEX share rose from <10% in 2023 to 26% in 2025.Sponsored

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Looking Forward
VanEck confirmed Hyperliquid captured 35% of blockchain fee revenue in July. Circle added native USDC to the chain, and Eyenovia launched a validator and HYPE treasury. HIP-3 enabled permissionless perps, letting builders create futures markets for any asset.

Grayscale reported that DEXs have become price-competitive with CEXs, citing Hyperliquid as 2025’s breakout. It projects that DEXs could dominate the long tail of assets where transparency and community governance matter most.

Hyperliquid’s edge lies in efficiency. A ten-engineer team runs a venue rivaling Binance’s 7,000 staff and $500M marketing spend. The DEX turns savings into token value and liquidity rewards by cutting listing bureaucracy and ads. VanEck calls this “profit without marketing spend”—a moat no centralized player can copy.

The data shows Hyperliquid’s share of Binance’s volume hit ~15% in August before easing slightly—signaling rising trader interest in on-chain derivatives.

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The Road Ahead for ExchangesRisks & Challenges
Bitwise analyst Max Shannon told BeInCrypto that decentralized perps could hit $20–30 trillion in annual volume within five years if regulation aligns. He warned that DEXs processing $67B daily may face oversight and need standardized oracles, audited insurance funds, and risk controls.

Expert Opinions

“Perp DEXs can fail, but their risks are transparent and on-chain,” said Max Shannon, Bitwise.

“Hyperliquid has everything it takes to become the House of Finance,” stated OAK Research.

“Centralized exchanges will stay relevant by embracing hybrid models—combining non-custodial trading, deep liquidity, and regulatory trust,” Gracy Chen, Bitget CEO told BeInCrypto

Bottom Line
Paradigm urged the CFTC to recognize DeFi transparency, arguing decentralized trading already meets key regulatory goals like impartial access and auditability. With regulators warming to DeFi and institutions adopting on-chain models, Hyperliquid’s permissionless ecosystem stands as crypto’s most credible alternative to centralized power—where transparency replaces trust as the foundation of finance.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

The market has bounced from its recent bottom, and the crypto price prediction for these 3 tokens is becoming much more positive.

Eric Trump, son of U.S. President Donald Trump and co-founder of decentralized finance protocol World Liberty Financial (WLFI), has revealed plans to tokenize a real estate project currently under development. In an upcoming CoinDesk TV interview, Trump teased that the initiative could offer fractional ownership in real estate using WLFI’s blockchain technology, allowing public investors to participate directly.

“We are working on it as it pertains to one specific building that I'm doing right now,” Trump shared, calling the project “absolutely incredible.” This follows earlier comments from WLFI co-founder Zach Witkoff, who suggested plans to bring the Trump Organization’s property portfolio onchain during Token2049 in Singapore.

Real estate tokenization transforms physical assets into digital tokens that can be traded on blockchain platforms, providing broader access and liquidity. Trump envisions opening his family’s property investments to a global base of supporters, enabling retail investors to own micro-shares of high-profile buildings. “If I decided to build a hotel in Washington, D.C. or in Dubai or in New York, why do I have to go out using Deutsche Bank?” he asked. “Why can't I go out to the masses?”

According to Trump, investors could contribute as little as $1,000 for fractional ownership, potentially enjoying added benefits like hotel perks and exclusive access. The project will be integrated with WLFI’s USD1 stablecoin, which aims to bridge crypto and traditional finance. World Liberty Financial recently announced plans for a debit card and retail app to make USD1 usable for everyday payments.

The full interview with Eric Trump will air on October 21 on CoinDesk’s YouTube channel, where he will discuss more about this groundbreaking real estate tokenization venture.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Journalist

Posted: October 16, 2025

Key Takeaways
How hard has the XRP derivatives market been affected?
XRP experienced a huge drop in Open Interest, measuring just over $4 billion, leading to the Estimated Leverage Ratio falling to its lowest in 2025.

Is there hope for a recovery?
Investors will have to wait and watch for an XRP move beyond $3.1 and a BTC rally past $117k in the coming days.

Ripple [XRP] witnessed liquidations worth $610 million for just the long side on the 11th of October. This took the Estimated Leverage Ratio metric to 2025’s lows, showing deleveraging in the XRP Derivatives market.

This steep drop followed a collapse in Open Interest, which typically happens after large-scale liquidation cascades. On the 16th of July, the ELR was at 0.59 when the price of XRP sat at $3.41.

At the time of writing, the ELR was at 0.155, with the altcoin price at $2.5. This reflected a healthy market reset.

Other on-chain metrics supported the idea of a recovery. The $3.1-$3.2 is a particularly important supply zone for bulls to push past.

On that note, the Open Interest (OI) has halved compared to levels from last week.

CoinGlass data for XRP revealed that OI measured $8.47 billion on the 9th of October. It was at $4.14 billion at the time of writing.

This meant that market-wide sentiment remained fearful. A Bitcoin [BTC] price move past $117k would resume a BTC uptrend, giving altcoins breathing space and room to make gains.

Caution until XRP recovery is in sight
Binance saw increased whale inflows to exchanges in October, showing that large wallets were selling XRP. Whale-driven selling pressure leads to a market retracement, but there could be an end in sight.

The whale inflows have been trending downward over the past couple of days.

If sustained, it would signal an ease in selling, and XRP could be rebounding toward the psychological $3 resistance zone.

Spot traders stay cautious amid low demand
The Taker Buy/Sell Ratio remained below 1 for most of the past months, confirming that taker sell volume dominated. This imbalance kept sentiment bearish, reflecting sellers’ control over price movement.

Source: XRP/USDT on TradingView

Moving on, we can observe that the 1-day chart also had a bearish structure.

The local high at $3.09 on the daily must be overcome to flip the structure bullishly. The imbalance (white box) from $2.5-$2.77, as well as the psychological $3 resistance, would pose significant opposition to the bulls’ efforts.

Hence, swing traders need to be wary of taking long positions over the coming days.

Traders need to wait for sustained demand and easing whale sell pressure, along with an uptick in OI to signal that a recovery was underway.

Cover image via www.freepik.com

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

The market is not receiving enough inflows, which is essentially leading to a continuation of a downtrend that was triggered by the flash-crash on the market we witnessed only a few days ago. Right now, smaller assets like SHIB and SOL are actively trying to recover, while Bitcoin might have finally found a local bottom.

SHIB's key levelShiba Inu has officially entered a downtrend, and the technical structure does not favor optimism in the near future. Following several days of trading close to important support levels, SHIB has clearly broken below the $0.0000110 region, and the market is starting to acknowledge that the token has essentially added another zero to its chart. This development represents a significant structural and psychological change for the meme coin.

SHIB/USDT Chart by TradingViewSHIB, a former retail favorite, is currently facing a void below current levels, as no strong support zones remain until well below $0.0000090. With the 50-day, 100-day and 200-day EMAs (orange, blue and black) sloping downward and a clearly extended sequence of lower highs and lower lows, the chart further supports the bearish bias. From the standpoint of the larger market, this is a trend confirmation rather than merely a brief correction.

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Strong seller conviction is indicated by the large volume spike during the initial breakdown, whereas weak buying pressure is indicated by the subsequent muted rebound. Shiba Inu is more likely to continue drifting lower and consolidating in the newly formed price range as momentum dies down.

Technically speaking, the market has also disproved the larger symmetrical triangle pattern that had given SHIB midterm guidance since the summer. Given that structure’s disruption, traders are reassessing SHIB’s chances and preparing for a possible retest below $0.0000090, which, if downward pressure continues, may soon establish itself as the new standard.

At this point, the downward trend is confirmed and not speculative. SHIB’s chances of a robust recovery in the near future are low unless a significant catalyst reenters the picture, like a massive burn event or an unanticipated market-wide reversal. With market confidence steadily declining, the token has formally entered a period of sustained weakness.

Solana stabilizes successfullySolana has quietly stabilized around the $200 mark, and that consistency alone is beginning to draw attention, particularly as the majority of major cryptocurrencies still struggle with volatility and unpredictable price swings. Solana’s relative stability is generating comparisons that might signal the beginning of a possible change in market sentiment, as Ethereum experiences increased uncertainty following its most recent decline below $4,000.

Over the past few weeks, Solana has shown a pattern that is very different from Ethereum’s: stronger recoveries off support levels, tighter trading ranges and fewer abrupt corrections. The 200-day EMA’s recent recovery from just under $190 shows that SOL’s buyers are still in complete control. Solana’s order books have demonstrated depth and stability, laying the groundwork for more gradual but sustainable growth, in contrast to Ethereum, which is still vulnerable to strong liquidation waves.

However, momentum is insufficient on its own. In order to genuinely surpass Ethereum in this cycle, Solana needs to attract more market activity, specifically steady trading volume and confirmation above important resistance levels around $216-$220. If the general mood of the market cooperates, a breakout there might set up Solana for a fresh test of its 2025 highs, with possible targets in the $240-$250 range.

The main factor contributing to Solana’s increasing popularity is its ability to withstand market turbulence. When other altcoins struggle, its operational strength has translated into price stability because its network is still among the fastest and most active in the ecosystem. Solana has a distinct edge because of its ability to remain calm in the face of chaos, even though it may be too soon to declare it the new leader over Ethereum.

In fact, Solana might emerge as the most notable performer of Q4, 2025, and perhaps the next standard for smart contract platforms, if momentum keeps up and support keeps building at $200.

Bitcoin is finally stoppingBitcoin may be about to form a double-bottom pattern, one of the most promising reversal structures in technical analysis. The market’s biggest cryptocurrency seems to be stabilizing around the $112,000-$113,000 range after weeks of volatility and steep retracements, suggesting that a significant accumulation phase may be about to begin.

Bulls are still active, as evidenced by the subsequent recovery above the 100-day EMA, despite the initial dip near the $110,000 support earlier this month that caused significant liquidation and a wave of panic selling. Bitcoin appears to be testing the same area once more right now, which could indicate the second leg of this well-known formation.  

Bitcoin’s recent performance indicates resilience, even in the face of slight intraday corrections. The 200-day EMA (black line) is still a strong level of support that offers a technical buffer against any significant decline. Even though they are not yet bullish, momentum indicators such as the RSI are clearly indicating that selling pressure is waning.

Although a further drop in price is still possible, it seems unlikely given Bitcoin’s structure and volume dynamics. Bitcoin is unlikely to sustain a break below $108,000 unless the market is shocked by a significant macro catalyst. A breakout above $116,000 could confirm the formation and draw a wave of technical buying if the pattern fully develops in the upcoming days.

Essentially, the Bitcoin chart suggests a period of calm preceding a possible bullish reversal, with little chance of further losses. The market is subtly preparing for what might be the subsequent upward leg of this continuous consolidation cycle.

Pi Coin has regained market attention as its ecosystem expands into decentralized finance (DeFi), signaling potential for renewed growth. Currently trading around $0.213, the PI/USD pair hovers just below key resistance at $0.228. A breakout above this level could pave the way toward $0.28, while a failure to close higher may trigger a short-term pullback to $0.208.

Technical indicators show early signs of recovery. The MACD line recently crossed above the signal line, confirming growing bullish momentum and signaling a potential reversal. If buyers maintain control and push past resistance, Pi Coin could stage a 70% rally toward $0.36, reinforcing the outlook for a broader recovery.

Market optimism continues to strengthen ahead of the Q4 2025 mainnet upgrade, which aligns with the Pi Network’s vision for long-term scalability. The network’s new DEX and AMM testnets mark a major milestone, introducing decentralized trading and liquidity pooling features that enhance real-world utility. These developments reflect Pi’s ongoing shift toward a functional, community-driven DeFi ecosystem.

The upcoming Protocol 23 upgrade, built on Stellar Core v23.0.1, aims to improve transaction throughput and network efficiency. Analysts like Dr. Altcoin highlight this as a critical step toward positioning Pi among the next wave of utility-focused blockchain platforms. He also suggested that strategic token burns or buybacks could further enhance liquidity and price stability.

With expanding DeFi adoption and a growing user base, Pi Network appears poised for sustainable growth. As enthusiasm returns and fundamentals strengthen, the Pi coin price outlook remains increasingly bullish, suggesting that stabilization could soon give way to a significant recovery rally.

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Victims of a large-scale cryptocurrency scam are set to receive restitution from the UK following the arrest of the perpetrators, who the London Metropolitan Police seized thousands of Bitcoins from in connection with a massive investment scam. UK prosecutors are preparing to confiscate Bitcoin worth about $6.

New York — The air over Brooklyn carried that unmistakable crispness of early autumn — cool, alive, and charged with anticipation. From the moment the doors opened, the hum of conversation and the glow of screens filled the hall.

Developers, investors, and visionaries from around the world had gathered for one reason:
to witness how far blockchain has come — and where it’s heading next.

For two days, Aptos Experience 2025 would turn New York into the epicenter of real-world Web3 innovation. And on opening day, that promise came vividly to life.

A Morning of Vision — “Aptos Goes Real”

The morning began with a moment of clarity. Ash Pampati, SVP and Head of Ecosystem at the Aptos Foundation, stepped onto the stage and declared,

“Aptos is no longer just an idea. It’s a living infrastructure for the real world.”

He spoke of 330 active projects, 3.5 billion transactions, and a community that refuses to slow down. The audience — a sea of developers and founders — nodded in quiet agreement. This wasn’t hype anymore. It was history in motion.

Then came Aptos Labs CEO Avery Ching, whose energy filled the room like voltage. Unveiling the Global Trading Engine, he described a world where financial markets could run entirely on-chain — a network so fast it edges close to the speed of light.

“Finance deserves transparency,” he said, “and the next generation deserves a system that runs in real time.”

The applause that followed wasn’t polite — it was electric.

The Builders’ Sessions — Where Code Finds Its Purpose

Technical minds took the stage next. Sasha Spiegelman, Head of Research at Aptos Labs, delivered a striking message:

“TPS won’t save you.”

Speed, he argued, only matters when it’s usable. Behind him, a giant screen lit up with visuals of BlockSTM v2 — a new parallel execution engine capable of processing over a million transactions per second. This was blockchain stripped to its essence: not theoretical, but mechanical perfection.

Then came Kent White, presenting Decibel — Aptos’ new on-chain trading infrastructure. “Trading shouldn’t be chaotic noise,” he said. “It should be harmony — spot, perps, and yield all speaking the same language.” For a moment, even seasoned traders in the audience looked like kids seeing the future unfold.

Afternoon Light — When Data Becomes Value

As the sunlight streamed through the glass, Pranav Raval took the stage with quiet confidence. His topic: Shelby — a data infrastructure designed to turn information itself into currency.

“Data is the new income stream,” Raval said. “Every byte you generate has value — and Shelby makes that value visible.”

He spoke of AI learning directly from on-chain data, of creators earning revenue from their own digital footprints, and of a world where data doesn’t belong to corporations — but to the people who create it. The crowd listened in silence. It felt less like a tech demo, and more like a manifesto.

Finance Steps Forward — Stablecoins and Wall Street Go On-Chain

By late afternoon, the energy shifted from code to capital. On one stage, Emilio Rivero Coello moderated a sharp discussion between Chris Maurice of Yellow Card and Pawas Chandra of Jio Sphere. Their topic: stablecoins — the quiet giants of the digital economy.

“People are already riding these rails,” Maurice said. “They just don’t realize it yet.”

Stablecoins, he argued, are now faster than banks, cheaper than remittance systems, and quietly reshaping global finance. Chandra agreed, adding that “accessibility and cost-efficiency are the real revolutions.”

Moments later, the final panel of the day — From Wall Street to Wallets — brought together the titans of traditional finance: BlackRock, Aptos Labs, Franklin Templeton, Galaxy, and Pact Labs. They spoke not of experiments, but execution.

“Tokenization isn’t coming — it’s already here,” said Franklin Templeton’s Ric Golubov. “Thirty years ago, ETFs transformed investing. Tokenization will do it again.”

BlackRock’s Thomas Chevallier added, “In five years, we won’t say ‘tokenization.’ We’ll just say ‘assets.’”

And with that, the distance between Wall Street and Web3 suddenly felt very small.

Evening in Brooklyn — Where the Future Felt Tangible

As twilight settled over the East River, the Aptos logo glowed red against the Brooklyn skyline.
Developers gathered by the windows, drinks in hand, talking about the day’s announcements — some in English, others in Korean, Japanese, and Hindi. It felt like a moment suspended in time — where ambition, code, and capital finally spoke the same language.

Aptos Experience 2025 wasn’t just a conference. It was proof that blockchain is growing up —
from theory to infrastructure, from tokens to trust, from the metaverse to the real world.

TokenPost is covering Aptos Experience 2025 live from New York — capturing the conversations, technologies, and people building the next internet of value.

👉 Follow our full coverage: tokenpost.kr/topics/aptos-experience

In brief
The channel was briefly compromised late Wednesday, promoting a Solana-based token.
An hour later, the PGL YouTube channel, run by the Romanian esports organizer behind Valve-sanctioned tournaments, was also reportedly hijacked to stream a fake Bitcoin giveaway.
Decrypt independently verified screenshots of the compromised Dota 2 channel before the content was removed.
The official Dota 2 YouTube channel was briefly compromised on Wednesday, with the account promoting a Solana-based token called dota2coin through what observers described as a fraudulent livestream.

There are no indications of user data being compromised beyond the fraudulent promotions. Decrypt independently confirmed the video’s existence through a notification history log.

The livestreamed video titled “Dota 2 Launch Official Meme Coin | Hurry Up,” was accompanied by a link to a PumpFun token. The coin's description, in return, included a link to the official YouTube channel. 

It also comes amid reports of some users experiencing playback errors across YouTube's platform with some unable to watch videos at all, according to a report by 9to5Google.

At the time of writing, the meme coin’s market cap has fallen to around $5,500, down roughly 21% since its launch at roughly 21:55 UTC, according to data from Pump.fun.

The coin’s on-chain metrics suggest it was created within hours of the hack, with less than 3% bonding curve progress and a single wallet holding over 98% of the token supply.

Reddit users on the r/DotA2 thread quickly documented the hack, posting screenshots of the fake token promotion and warning others not to engage.

The breach appeared to spread beyond Dota 2’s official channel, with users later reporting that PGL, a Romanian esports organizer responsible for hosting Valve-sanctioned Dota 2 tournaments, was also hacked.

A post on Reddit’s r/DotA2 sub showed the PGL YouTube account broadcasting a fake Bitcoin livestream impersonating Strategy executive Michael Saylor, with over 2,000 viewers at one point.

Decrypt reached out to Valve and PGL to confirm. PumpFun co-founders did not immediately respond to Decrypt’s request for confirmation and comment in a Telegram group.

The breach follows a familiar pattern seen across multiple high-profile YouTube hijackings in years past, which have been used to push fraudulent crypto schemes since at least 2020.

At the time, hackers were taking over popular creators’ channels, rebranding them to impersonate known crypto figures, and running fake token promotions or livestream “giveaways.”

A later report citing Google’s Threat Analysis Group detailed how attackers systematically compromised verified YouTube accounts, often through phishing emails disguised as sponsorship offers, to mimic exchanges like Binance or Gemini and broadcast counterfeit crypto events.

Institutional and public-sector accounts have been targeted as well. Last year, India’s Supreme Court YouTube channel was hacked to promote an XRP-branded scam stream, echoing the same tactics now seen in the Dota 2 case.

Some tech icons have also been impersonated. In August, fake videos using Apple co-founder Steve Wozniak’s likeness led to victims losing “life savings” in similar Bitcoin giveaway scams.

GG NewsletterGet the latest web3 gaming news, hear directly from gaming studios and influencers covering the space, and receive power-ups from our partners.

Ethereum developers are moving closer to the mainnet rollout of the highly anticipated Fusaka upgrade. Early Tuesday, the second test of Fusaka began on the Sepolia network, following a successful trial on the Holesky testnet two weeks ago.

Zcash (ZEC) surged 109% to $266, hitting a 4-year high as its correlation with Bitcoin dropped to 0.02, signaling near-total independence from BTC’s price movements.Despite the strong uptrend, liquidation risks loom — a drop below $224 could trigger $9 million in leveraged losses and spark short-term volatility.Sustaining bullish momentum could push ZEC past $290 toward $338, while falling under $224 may send it sliding to $176 and invalidate the bullish outlook.Zcash (ZEC) has become one of the strongest performers in the crypto market, with its price soaring 109% amid improving conditions across digital assets. 

This surge comes as the privacy-focused cryptocurrency appears to be moving independently of Bitcoin, breaking the historical correlation that often dictated its price trends.

Zcash Pulls Away From The KingThe correlation between Zcash and Bitcoin has dropped to just 0.02, indicating a near-total decoupling from the world’s largest cryptocurrency. A correlation this low means that ZEC’s price movements are largely unaffected by Bitcoin’s volatility. This independence allows Zcash to follow its own trajectory, driven by internal market conditions rather than broader BTC trends.

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If the correlation dips below zero, Zcash will officially begin moving inversely to Bitcoin — a highly favorable sign given BTC’s recent stagnation. This independence strengthens Zcash’s position as a standout performer during a period of mixed market sentiment.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

ZEC Correlation With Bitcoin. Source: TradingViewDespite the strong uptrend, Zcash’s liquidation map highlights a potential risk. A drop below its closest support level at $224 could trigger roughly $9 million in liquidations. This suggests that traders holding leveraged positions may face sharp losses if the market sees even minor corrections.

The recent surge may also signal that ZEC is approaching a short-term saturation point. As the asset records higher profits, investors could begin booking gains, which historically leads to mild corrections. If profit-taking accelerates, liquidations could exacerbate volatility and create short-term downward pressure.

ZEC Liquidation Map. Source: CoinglassZEC Price May Continue Its PushAt the time of writing, ZEC is trading at $266, holding firm above the $224 support but facing resistance at $290. The crypto token is likely to maintain a range-bound pattern as it consolidates its recent gains.

If bullish momentum continues, Zcash could break above $290 and target $338, extending its rally. Such a move would confirm strong investor confidence and reinforce the asset’s breakout from Bitcoin’s influence.

ZEC Price Analysis. Source: TradingViewHowever, a shift in sentiment or heavy profit-taking could push ZEC below $224, leading to forced liquidations and a possible drop to $176. Such a decline would invalidate the bullish outlook and highlight the risks tied to rapid gains in volatile markets.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

UK authorities have discussed paths to Bitcoin victims' compensation after police seized 61,000 BTC tied to a China fraud; courts have scheduled civil recovery into 2026 as Treasury treatment sits outside forecasts and officials consider market impact.

Paxos mistakenly minted $300 trillion in PYUSD before quickly burning the tokens and reissuing $300 million, citing user error.The blunder exposed a lack of on-chain safeguards, proving stablecoins can be minted without proof of reserves or collateral checks.The event renewed calls for transparency and Web3-native mechanisms to ensure accountability across the growing stablecoin sector.Paxos accidentally minted $300 trillion in PYUSD today, prompting community incredulity. The firm quickly burned these tokens and minted $300 million, claiming user error.

This gaffe has highlighted a real concern in stablecoins: these protocols don’t need proof of reserves to mint tokens. Web3-native solutions could power new mechanisms, but issuers may not wish to implement them.

Paxos’ PYUSD BlunderPayPal has been expanding its PYUSD stablecoin recently, adding new blockchains with a series of partnerships. One recent incident, however, may shake confidence in the token and its entire sector. In an apparent error, Paxos minted $300 trillion worth of PYUSD today, which is more money than exists in the entire world economy:

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Paxos quickly burned the PYUSD and minted a much more reasonable $300 million around an hour later. This led commentators to suspect a “fat finger” typo, where a user accidentally inputted the wrong number of zeroes. The firm later obliquely confirmed these rumors, saying that no foul play took place.

At 3:12 PM EST, Paxos mistakenly minted excess PYUSD as part of an internal transfer. Paxos immediately identified the error and burned the excess PYUSD.

This was an internal technical error. There is no security breach. Customer funds are safe. We have addressed the root…

— Paxos (@Paxos) October 15, 2025
A Big Problem for StablecoinsStill, though, this incident has caused a lot of concern from industry observers. The stablecoin market is larger than ever, firms are aiming for unprecedented valuations, and the US government has major policy plans for this sector. Shouldn’t there be more guardrails to prevent Paxos from accidentally minting this much PYUSD?

Furthermore, Paxos has had a few run-ins with the law, and PYUSD also faces community scrutiny. Almost exactly one year ago, PYUSD’s market cap dropped 40% without warning, raising fears of manipulation. These red flags have been visible, yet there was no safeguard to prevent this massive token minting.

Specifically, blockchains are meant to be trustless. It’d be easy to hard-code a mechanism into the blockchain that’d prevent Paxos from minting this PYUSD without sufficient collateral. This incident conclusively reveals that there’s no such function in place; protocols can mint stablecoins without any proof of reserves.

This sort of behavior is all over the stablecoin industry. Although Tether has been preparing for a third-party audit for several months now, no audit has actually taken place. Most stablecoins haven’t suffered such ridiculous errors like Paxos and PYUSD did today, but we don’t have any real proof that other tokens actually possess bigger guardrails.

In other words, signs like this are very concerning for the entire sector. Even though Paxos cleaned up its error quickly, this never should’ve happened. Gaffes like this could damage TradFi’s commitment to stablecoin investment.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Bitfarms will use the funds for “general corporate purposes,” including funding capped call transactions to hedge dilution from the conversions.

The XRP price has been exhibiting a complex pattern of consolidation and retracement for weeks. However, according to prominent market analyst Egrag Crypto, there’s a critical signal to watch for that could determine whether the cryptocurrency’s bullish narrative remains intact or not. The expert’s analysis, shared on X social media, highlights that the behaviour of XRP’s 3-day candles could soon decide the direction of its next major move. 

XRP Price Integrity Hinges On 3-Day Candle Closes Below $2
In his post on X, Egrag Crypto explains the “measured move breakdown” for XRP, identifying a key technical formation in the form of a descending triangle that, based on its structure, points to a potential move toward $2.14. The accompanying chart shows XRP hovering between $2.40 and $2.60, with multiple retests of the same price levels over the past few months. Despite the brief wick to the downside, Egrag Crypto suggests that the structure continues to indicate consolidation within the range. 

The analyst reiterates that $2.65 remains a critical price target for XRP. If the cryptocurrency breaks and sustains above it, he predicts that it could regain upward momentum, potentially paving the way for renewed bullish sentiment. However, failure to hold current levels around $2.5 might expose XRP to deeper retracements, particularly if 3-day candles start closing below the $2.00 to $1.91 range. 

Source: Chart from Egrag Crypto on X
Egrag Crypto warns that this specific candle behaviour is concerning, as it could signal a structural breakdown of XRP’s market cycle. It could also invalidate his bullish thesis, suggesting that the recent peak near $3.65 may have been the cycle top. 

Additionally, the analyst’s chart shows XRP’s price action hovering above the 200 Exponential Moving Average (EMA), serving as a long-term support level. Should XRP maintain its position above this moving average, Egrag Crypto asserts that the cryptocurrency’s bullish setup remains valid. He noted that the next 60 to 90 days are expected to be crucial, as XRP’s reaction around the levels mentioned above could define the trajectory of the rest of the year.  

XRP Faces 57% Chance Of Breaking To A New ATH
In a separate analysis, Egrag Crypto introduced a 57% to 43% probability model, sharing his broader perspective on XRP’s potential price direction in the short term. He stated that there is a 57% probability that XRP could break into a new all-time high in the coming months. He also sees a 43% chance that the cryptocurrency could decline significantly, offering traders another opportunity to accumulate it at a price below $1. 

While the probabilities of XRP’s near-term price favor a more bullish outcome, the bearish case remains plausible given the lingering macroeconomic uncertainty and overall crypto market volatility. Egrag Crypto notes that he is personally positioning himself toward the bullish scenario, aligning his expectations with the 57% chance of a major price breakout.

XRP trading at $2.5 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from iStock, chart from Tradingview.com

On October 15, 2025, the cryptocurrency market was rife with activity as Solana's ecosystem witnessed a notable event: a massive whale transaction involving $192 million worth of SOL tokens. This significant movement has underscored the potential bullish future for Solana, sparking interest among investors and analysts alike.

A massive $63 million XRP transfer to Binance during Friday's crash raised eyebrows, but analysts still support a bullish XRP price prediction as smart money continues buying the dip.Buyers stepped in aggressively around the $2 level, showing confidence despite the market shakeout.In the last 24 hours, XRP has climbed 1.6% to $2.