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2025-10-17 21:36 4mo ago
2025-10-17 16:18 4mo ago
HBAR price to crash further amid Hedera ecosystem woes cryptonews
HBAR
HBAR price has crashed into a bear market after falling nearly 50% from its highest point in August, and its weak fundamentals and technicals point to more downside.

Summary

HBAR price is about to form the risky death cross pattern. 
Its technicals point to more downside in the near term. 
Hedera’s fundamentals have deteriorated, with its TVL falling. 

Hedera’s fundamentals are deteriorating
The Hedera (HBAR) price has been in a strong downtrend in the past few weeks, mirroring the performance of Bitcoin (BTC) and other top altcoins. 

This crash could accelerate as its top fundamentals deteriorate. For example, despite its big name in the crypto industry and high market cap, Hedera’s role in key industries is fairly small.

For example, Hedera has struggled to attract the top blue-chip developers like Uniswap, PancakeSwap, and Aave in its decentralized finance ecosystem. As a result, its total value locked in the industry is just $168 million, down by 30% in the last 30 days. 

While $168 million is a lot of money, it is a small figure in the DeFi industry, which has over $280 billion in assets. Hedera has been overtaken by recently launched chains like Katana, Unichain, and Base.

Hedera does not have a significant market share in the gaming and non-fungible token industry. Most importantly, despite launching Stablecoin Studio in 2024, its total supply stands at just $89 million. This is a small amount in an industry with over $300 billion in assets.

Most importantly, Hedera’s governance council is made up of blue-chip companies like Google, IBM, LG, Boeing, Dell, and Nomura. However, it is unclear whether these companies are using its blockchain.

HBAR price technical analysis 
Hedera price chart | Source: crypto.news
The daily chart shows that the Hedera price has plunged in the past few months. The HBAR token has dropped from a high of $0.3052 to the current $0.1600.

The coin recently invalidated the double-bottom pattern by falling below the key support at $0.2065. Most importantly, it is nearing the formation of a death cross pattern, which occurs when the 50-day and 200-day moving averages cross.

HBAR price has also moved below the Ichimoku Cloud indicator. Therefore, the token will likely continue falling as sellers target the key support at $0.1015. This is an important level, as it was the lowest point this month and also the ultimate support of the Murrey Math Lines.
2025-10-17 21:36 4mo ago
2025-10-17 16:19 4mo ago
INJ Tests Lower Bollinger Band Support at $8.41 as Transaction Milestone Provides Bullish Catalyst cryptonews
INJ
Darius Baruo
Oct 17, 2025 21:19

Injective price trades at $8.41 near technical support after reaching record transaction milestone, with Bitcoin's $110K breakthrough providing market-wide momentum for recovery.

Quick Take
• INJ trading at $8.41 (down 2.0% in 24h)
• Record transaction milestone achieved signals growing network adoption
• Price testing critical lower Bollinger Band support at $7.55
• Bitcoin's surge past $110,000 lifting broader crypto sentiment

Market Events Driving Injective Price Movement
Injective Protocol's announcement of surpassing a significant transaction milestone on October 15 has emerged as the primary bullish catalyst for INJ price action this week. The achievement indicates accelerating network activity and adoption, contributing to a 3% price increase following the announcement. This fundamental development demonstrates the protocol's growing utility in the decentralized finance ecosystem.

Bitcoin's breakthrough past $110,000 on October 14 created a positive ripple effect across the cryptocurrency market, with INJ benefiting from the broader altcoin rally that delivered a 5% price boost. The milestone reinforced institutional confidence in digital assets and provided crucial momentum for risk-on positioning in crypto markets.

The Federal Reserve's decision to maintain interest rates on October 13, citing ongoing inflation concerns, had a neutral impact on INJ price. While the decision avoided additional pressure on risk assets, it also limited the potential for aggressive capital rotation into cryptocurrencies.

INJ Technical Analysis: Testing Critical Support Zone
Price Action Context
INJ price currently trades significantly below all major moving averages, with the token positioned at $8.41 compared to the 20-day SMA at $11.14 and 50-day SMA at $12.40. The 24-hour trading range of $7.77 to $8.75 highlights the ongoing consolidation near technical support levels. Injective technical analysis reveals the price is testing the lower Bollinger Band at $7.55, representing a critical juncture for near-term direction.

Trading volume on Binance spot reached $10.87 million in the past 24 hours, indicating moderate institutional interest despite the price decline. The volume profile suggests accumulation near current levels rather than panic selling.

Key Technical Indicators
The RSI reading of 31.45 places INJ in neutral territory with room for recovery without reaching oversold conditions. The MACD histogram at -0.2825 confirms bearish momentum, though the narrowing gap between MACD and signal lines suggests potential stabilization.

Bollinger Bands positioning shows INJ at 0.1197 %B, indicating the price sits very close to the lower band support. This technical setup often precedes either a bounce or a significant breakdown, making the next 48 hours critical for direction.

Critical Price Levels for Injective Traders
Immediate Levels (24-48 hours)
• Resistance: $9.08 (7-day moving average confluence)
• Support: $7.55 (lower Bollinger Band and psychological level)

Breakout/Breakdown Scenarios
A break below $7.55 support could trigger selling toward the strong support zone at $2.74, representing significant downside risk. Conversely, reclaiming the $9.08 level would signal potential recovery toward the $11.14 resistance at the 20-day moving average.

INJ Correlation Analysis
Injective demonstrates strong correlation with Bitcoin's price movements, as evidenced by the 5% rally following BTC's $110,000 breakthrough. This correlation suggests INJ price will likely follow Bitcoin's lead in the near term, making BTC technical levels crucial for INJ traders.

Traditional market correlations remain muted, with the Federal Reserve's rate decision having minimal direct impact on INJ price action. The focus remains on crypto-specific catalysts and Bitcoin's momentum.

Trading Outlook: Injective Near-Term Prospects
Bullish Case
The transaction milestone achievement provides fundamental support for higher valuations, while the oversold technical condition near lower Bollinger Band support creates potential for a relief rally. A sustained Bitcoin rally above $110,000 could drive INJ toward the $11.14 resistance level.

Bearish Case
Failure to hold $7.55 support combined with Bitcoin weakness could trigger accelerated selling toward the $2.74 major support zone. The bearish MACD configuration suggests downside momentum remains intact.

Risk Management
Conservative traders should consider stop-losses below $7.50 to limit downside exposure. Given the Average True Range of $1.28, position sizing should account for potential 15-20% daily volatility swings.

Image source: Shutterstock

inj price analysis
inj price prediction
2025-10-17 21:36 4mo ago
2025-10-17 16:21 4mo ago
Institutional Bitcoin Demand Is Soaring, but BitGo-Backed Yield Solutions Are the Real Game Changer cryptonews
BTC
Institutions are rushing into Bitcoin this cycle. Driven by regulatory clarity, macroeconomic shifts, and mainstream investment products like spot ETFs, Bitcoin has captured both the interest and capital of institutions, boosting its legitimacy and integrating it more deeply into the traditional financial (TradFi) system.
2025-10-17 21:36 4mo ago
2025-10-17 16:28 4mo ago
Newsmax stock ticks higher amid plans to establish $5 million crypto treasury with Trump token, bitcoin cryptonews
BTC
Since making its debut ahead of President Trump's inauguration in January, it has been a steady slide for the TRUMP token.
2025-10-17 21:36 4mo ago
2025-10-17 16:30 4mo ago
Public companies hold $110B BTC, but which are profiting from the Bitcoin standard? cryptonews
BTC
Key takeaways:

Early adopters with disciplined Bitcoin strategies outperform peers by 286% on average.

Holding Bitcoin alone doesn’t guarantee stock gains as operational strength matters.

New entrants show potential, but long-term performance remains uncertain.

Public companies holding substantial Bitcoin (BTC) reserves continue to redefine corporate treasury strategy, collectively managing 1,045,887 BTC worth around $110 billion as of Oct. 17.

The model pioneered by Strategy Inc. (formerly MicroStrategy) used balance sheets to accumulate BTC as a hedge against inflation and fiat currency debasement. Yet, despite similar goals, their stock performances diverge sharply, revealing who truly benefited from the “Bitcoin standard.”

Bitcoin in Treasuries. Source: BitcoinTresuries.netThe analysis focused on the top 20 public companies, each holding more than 5,000 BTC, representing 4.9% of Bitcoin’s total supply across industries spanning mining, fintech, and media.

Outperformers: Bitcoin strategy pays offStrategy Inc. (MSTR) led with 640,250 BTC, having begun accumulation on Aug. 11, 2020, at $13.49 per share. Now trading at $284, it has surged 2,000%, eclipsing Bitcoin’s 900% gain over the same period. Through debt-financed purchases and convertible notes, the company has evolved into a “Bitcoin proxy” with a market cap of $83 billion, even after a 45% retreat from 2024 highs.

Riot Platforms (RIOT) followed with 19,287 BTC, accumulating since early 2020 at $3.20 per share. Currently at $19.50, that marked a 510% rise, powered by efficient mining operations and treasury expansion. Shares peaked at $71 during the 2021 bull cycle, highlighting their BTC leverage.

Companies gaining over 100% in stock value since BTC accumulation. Source: BitcoinTresuries.net/CointelegraphCleanSpark (CLSK) began accumulating BTC in June 2023 at $5.20 and now trades near $20, a 285% gain supported by low-cost mining and reinvestment of mined BTC.

Marathon Digital (MARA) held 53,250 BTC, up from $8.50 in December 2020 to $20 today, marking 135% gains. Its hybrid miner-treasury model, backed by $376.7 million in 2024 revenue, underscored the combined strength of operational scale and treasury appreciation.

Hut 8 Mining (HUT) began BTC accumulation in March 2018 at $17.60 and traded at $48 on Friday, a 173% rise, benefiting from consistent production growth.

Newer entrants also show similar momentum. Bullish (BLSH), with 24,300 BTC, went public on Aug. 12, 2025, at $37, and is now trading at $57.55, up 55%, fueled by exchange synergies and Bitcoin exposure.

Coinbase (COIN), holding 11,776 BTC since April 2021, has gained 22%, from $271 to $330, as improved exchange activity and a stabilizing regulatory outlook offset 2022’s volatility. Cango Inc. (CANG), which began BTC accumulation in February 2024, rose from $3.50 to $4.16 (+19%) despite domestic macro headwinds, showing modest BTC-related resilience.

Semler Scientific (SMLR), with 5,021 BTC since May 28, 2024, remains near breakeven at $23, but its September 2025 merger with Strive strengthened its positioning as a BTC-driven health-tech play.

Underperformers: Strategy falters amid volatilityMetaplanet (MTPLF), often dubbed “Asia’s Strategy,” holds 30,823 BTC, but its shares have tumbled from $13 to $2.8 (–78%), now trading below its $3.4 billion BTC net asset value. The slide reflected yen depreciation, dilution, and balance-sheet overreach.

Trump Media & Technology Group (DJT), with 15,000 BTC accumulated since May 30, 2025, has fallen from $21.33 to $15.78 (–26%). Its volatility remained tied more to political cycles than Bitcoin exposure.

Block Inc. (XYZ), holding 8,692 BTC since October 2020, has declined to $75 (-55%) from $170 amid payments-sector weakness.

BTC treasury companies with negative returns. Source: BitcoinTreasuries.net/CointelegraphGD Culture Group (GDC), which began BTC accumulation on Sept. 17, 2025, at $7.50, now traded at $4.70, a –37% drop after a brief speculative surge.

Meanwhile, Twenty-One (XXI), with 43,514 BTC since May 9, 2025, traded up to $12.80 (+22%) from $10.50, though post-merger accounting clouds its BTC-driven impact. 

Bitcoin Standard Treasury (CEPO), holding 30,021 BTC since March 2025, shows +4% gains. Both of the above companies are too early in their accumulation journey for meaningful assessment.

Overall outlook on treasury companiesOut of the top 20 public BTC holders, 11 companies displayed clear Bitcoin-driven performance, averaging 286% gains since adoption, compared to just 45% among peers whose valuations remain business-driven. Early adopters, particularly miners and high-conviction balance-sheet accumulators, continue to dominate.

The 2025 landscape proved one thing: holding Bitcoin alone doesn’t guarantee returns. The real growth remains with organizations that combine accumulation with operational discipline and a long-term approach to volatility, turning balance-sheet risk into strategic advantage.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
2025-10-17 21:36 4mo ago
2025-10-17 16:30 4mo ago
ALGO Tests Lower Bollinger Band at $0.18 as Bitcoin Downturn Weighs on Crypto Markets cryptonews
ALGO BTC
Iris Coleman
Oct 17, 2025 21:30

Algorand trades at $0.18 after Bitcoin's 5% weekly decline pressures altcoins, with ALGO price testing critical technical support levels amid mixed ecosystem signals.

Quick Take
• ALGO trading at $0.18 (down 3.1% in 24h)
• Bitcoin's weekly decline creating selling pressure across altcoins
• Price testing lower Bollinger Band support at current levels
• Technical indicators showing oversold conditions developing

Market Events Driving Algorand Price Movement
Bitcoin's approximately 5% decline over the past week has created a cascading effect across the broader cryptocurrency market, with ALGO price following the broader risk-off sentiment. The leading cryptocurrency closed at $108,186 on October 16, marking a significant weekly pullback that has weighed heavily on altcoin performance.

Despite this macro headwind, Algorand's ecosystem fundamentals showed notable strength with monthly active users surging 34% to 1.34 million in Q3 2025. This growth was driven by increased dApp adoption and initiatives like Coinbase Quests, though governance changes including the removal of staking features have sparked some community skepticism.

The technical momentum indicators from earlier this week suggested potential targets in the $0.26-$0.29 resistance zone, representing 13-26% upside potential. However, Bitcoin's renewed weakness has temporarily overshadowed these positive technical setups, with ALGO price now testing critical support levels.

ALGO Technical Analysis: Testing Lower Band Support
Price Action Context
ALGO price currently sits at the lower Bollinger Band at $0.18, representing a critical technical juncture. The cryptocurrency is trading below all major moving averages, with the 7-day SMA at $0.19 providing immediate overhead resistance. The 20-day, 50-day, and 200-day SMAs all converging around $0.21-$0.22 suggests this level will act as significant resistance on any recovery attempt.

Trading volume on Binance spot market reached $9.67 million in the past 24 hours, indicating moderate institutional interest despite the price decline. The current positioning below key moving averages reflects the broader crypto market's correlation with Bitcoin's recent weakness.

Key Technical Indicators
The RSI has dropped to 37.06, approaching oversold territory and suggesting potential for a technical bounce if Bitcoin stabilizes. The MACD remains in bearish territory at -0.0097, though the histogram at -0.0022 shows momentum may be slowing.

Algorand technical analysis reveals the Stochastic oscillator at 60.46/%K and 66.36/%D, indicating the market isn't deeply oversold yet, which could allow for further downside if Bitcoin continues declining.

Critical Price Levels for Algorand Traders
Immediate Levels (24-48 hours)
• Resistance: $0.19 (7-day moving average and previous support turned resistance)
• Support: $0.17 (24-hour low and psychological round number)

Breakout/Breakdown Scenarios
A break below $0.17 would target the strong support zone at $0.10, representing the yearly low area. Conversely, a reclaim of $0.19 could spark a relief rally toward $0.21 where multiple moving averages converge.

ALGO Correlation Analysis
Bitcoin correlation remains strong, with ALGO price movements closely tracking the broader crypto market leader's direction. The 5% Bitcoin decline this week directly contributed to ALGO's 3.1% daily loss and broader weekly weakness.

Traditional markets haven't shown significant correlation recently, with crypto-specific factors and Bitcoin's performance being the primary drivers. Among DeFi and smart contract platforms, Algorand is performing in line with sector peers during this risk-off period.

Trading Outlook: Algorand Near-Term Prospects
Bullish Case
A Bitcoin stabilization above $108,000 could allow ALGO price to bounce from current lower Bollinger Band support. The RSI approaching oversold levels creates conditions for a technical rebound toward $0.21-$0.22 resistance cluster.

Bearish Case
Continued Bitcoin weakness below $108,000 would likely pressure ALGO toward the $0.17 support level and potentially the strong support zone at $0.10. The MACD remaining in negative territory suggests downside momentum could persist.

Risk Management
Traders should consider stop-losses below $0.17 for long positions, with the daily ATR of $0.02 providing guidance for position sizing. The current volatility environment suggests keeping position sizes modest until Bitcoin establishes a clearer directional bias.

Image source: Shutterstock

algo price analysis
algo price prediction
2025-10-17 21:36 4mo ago
2025-10-17 16:39 4mo ago
Satoshi Loses $20 Billion as Bitcoin Tumbles cryptonews
BTC
The net worth of pseudonymous Bitcoin creator Satoshi Nakamoto has plunged by $20 billion, according to analytics platform Arkham. 

Despite the drop, he remains richer than Walmart heiress Alice Walton and Bloomberg L.P. co-founder Michael Bloomberg. 

Earlier this Friday, the price of the leading cryptocurrency careened to an intraday low of $103,856 before paring most of its losses. 

HOT Stories

Satoshi's mysterious fortune Satoshi's Bitcoin riches were uncovered because of blockchain researcher Sergio Demian Lerner, who discovered that a single miner produced roughly 1.1 million BTC during the very first year of the cryptocurrency's existence. The blocks had a unique "nonce" pattern that made it possible to estimate Satoshi's total holdings. 

Despite ancient whales regularly waking up from hibernation, Satoshi's tokens have remained untouched.   

However, it is not certain that Satoshi continues to hold the tokens in question, given that some believe that the Bitcoin creator is no longer alive. The private keys that provide access to the vast BTC wealth might be gone forever if that is the case. 

Richest billionaires Satoshi's net worth briefly climbed above $130 billion at the beginning of the month when Bitcoin rallied to its current all-time high $126,080

The Forbes list of the wealthiest billionaires includes Elon Musk, Larry Ellison, Mark Zuckerberg, Jeff Bezos, and Larry Page, among other big names.  

Earlier, there was some speculation about whether or not Satoshi could becom the first trillionaire due to rapid Bitcoin price appreciation. 

That said, Musk is already halfway there, with his net worth recently surpassing $500 billion. 
2025-10-17 21:36 4mo ago
2025-10-17 16:40 4mo ago
CZ Pushes Coinbase to List More BNB Projects Amid Exchange Rivalry cryptonews
BNB
The ongoing competition between Binance and Coinbase has intensified after Binance founder Changpeng Zhao (CZ) publicly called on Coinbase to list more BNB Chain projects. The statement comes shortly after Coinbase added BNB to its official listing roadmap, signaling tentative engagement with the Binance ecosystem.
2025-10-17 21:36 4mo ago
2025-10-17 16:48 4mo ago
Solana decentralized exchange aggregator Jupiter unveils Ultra v3 offering improved trade execution, MEV protections and ‘gasless support' cryptonews
JUP SOL
The updated protocol is "seamlessly integrated" into all Jupiter products, including its mobile and desktop apps as well as its API and Pro Tools.
2025-10-17 21:36 4mo ago
2025-10-17 17:00 4mo ago
New XRP ETF Filing Set To Hit The Books With Another Major Twist cryptonews
XRP
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

ETF issuer Volatility Shares recently filed with the US SEC to launch highly leveraged XRP ETFs, alongside other cryptocurrencies and stocks. Particularly, Volatility Shares has decided to file for a 5× leveraged XRP ETF, a move that caught many traders and analysts off guard. 

Discussions have intensified among investors following the filing, as it stands out as one of the boldest attempts yet in the crypto ETF world, especially since the SEC has yet to even approve any 3× leveraged crypto products.

Volatility Shares’ Expansive ETF Filing
According to filings, Volatility Shares is planning to launch both 3x and 5x leveraged ETFs tracking the price of XRP alongside other major cryptocurrencies such as Solana, Bitcoin, and Ethereum. The ETF proposed by Volatility Shares will use futures, swaps and options to achieve a magnified daily performance exposure.

The move signals that the issuer is prepared to push the limits of what the US Securities and Exchange Commission (SEC) might tolerate, creating a major twist in the increasing popularity of investment funds linked to digital assets. If approved, the earliest activation date for these leveraged ETFs is December 29, 2025.

Market analysts were taken aback, with the filing seeing mixed reactions on social media platforms. ETF expert Henry Jim announced the scope of Volatility Shares’ filing on the social-media platform X. In his post, he exclaimed, “Sonic BOOOM! — 27 leveraged 3× and 5× single-stock ETFs filed by Volatility Shares!

His list of the Volatility Shares’ filing included tech heavyweights such as AMD, Amazon, Google, Nvidia, Palantir, and Tesla, alongside crypto-focused funds for Bitcoin, Ethereum, Solana, and XRP, and crypto-related stocks such as crypto exchange Coinbase and Bitcoin treasury firm Strategy. The extensive slate indicates that Volatility Shares is attempting to corner both the equity and crypto leverage markets.

Bloomberg ETF analyst Eric Balchunas also expressed astonishment regarding the filings. Balchunas added that the firm could be making an option on a long-term government shutdown, since if there’s no SEC action in 75 days, they can launch.

Risks Of Highly Leveraged ETFs
Volatility Shares’ proposal for a 5× leveraged ETF comes in the aftermath of the most severe crypto market liquidations, where over $19 billion was wiped out across crypto exchanges in a single weekend. Data from derivatives platforms showed that the majority of those liquidations came from highly leveraged positions. 

Therefore, these proposed ETFs are a double-edged sword in terms of contributions to the crypto market. For one, it could provide an avenue for more institutional funds into XRP and other cryptocurrencies. If successful, these ETFs could also set a precedent for future high-risk crypto products in the US market. 

On the other hand, the risk is also magnified. If XRP falls by 2% in a day, the 5× leveraged fund will lose 10%, and that’s just in one day.

XRP trading at $2.2 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com

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2025-10-17 21:36 4mo ago
2025-10-17 17:00 4mo ago
Aster dives 16% – Could $0.85 be next if THIS support fails? cryptonews
ASTER
Key Takeaways
 What’s driving Aster’s sharp decline in price? 
Heavy selling by whales and Futures traders has triggered intense downward pressure, leading to a 16.83% drop in 24 hours.

What could determine Aster’s next move? 
If retail traders successfully defend the $1 support level, Aster could rebound toward $1.39 and retest the $1.5 resistance.

After facing rejection at $1.5, Aster [ASTER] has declined persistently for three days, hitting a low of $1.05. At press time, Aster was trading at $1.09, marking a 16.83% decline over the past 24 hours. 

With Aster facing intense downside pressure, institutions and whales are aggressively selling. 

Aster whales dump 17.857 million tokens
As Aster approaches a key support level, whales are rapidly exiting their long-term positions. EmberCN reported that one whale deposited 9.575 million tokens worth $12.53 million into Binance, while another transferred 8.282 million tokens to Bybit.

 Together, these two whales sold a total of 17.857 million Aster tokens, valued at $22.88 million.

This selling activity isn’t isolated. According to Nansen, Aster whales collectively offloaded 62.61 million tokens in the past 24 hours, signaling a broader trend of large-scale liquidation.

Source: Nansen

Often, when whales aggressively offload during a market downturn, it signals a lack of market confidence. Historically, increased selling activity from large holders has preceded lower prices, as downward pressure mounts. 

Futures become more aggressive!
Notably, the selling pressure is not limited to the spot market, as Futures are also aggressively closing positions. 

According to CoinGlass, sellers have dominated the Futures market over the past three days, closing $2.3 billion worth of positions. 

Source: CoinGlass

On the 17th of October, Aster Futures saw $1.09 billion in inflows compared to $1.24 billion in outflows. As a result, Futures Netflow dropped 132.12%, hitting a low of $153.99 million, a clear sign of aggressive Futures selling.

When sellers take control of the futures market, it typically signals a risk-off sentiment, indicating that traders anticipate further price declines.

Retail traders hold on
Interestingly, while whales and Futures participants are offloading, small-scale traders on the spot market are accumulating.

According to CoinGlass, Aster has recorded a negative Spot Netflow for five consecutive days. At press time, Netflow had declined to -$22.04 million, indicating higher outflows.

Source: CoinGlass

Historically, low exchange inflows have preceded sustained upward pressure, a prelude to higher prices.

What’s next for the altcoin?
According to AMBCrypto, Aster has declined sharply, driven by increased sell pressure from whales and the Futures market.

As a result, the altcoin’s Stochastic RSI dropped to 8.72, as of writing, hitting the oversold territory. Likewise, its Relative Strength Index (RSI) fell to 39, also nearing oversold territory.

Source: TradingView

Often, when momentum indicators drop to such levels, it signals sellers’ dominance and potential for the current trend to continue.

Therefore, if sellers, especially whales, continue to sell, as recently witnessed, Aster could breach $1 support to the downside. If this support breaks, Aster could drop to $0.85.

However, if retail traders manage to defend and hold it, they could boost it to reclaim $1.39 and target $1.5 resistance.
2025-10-17 21:36 4mo ago
2025-10-17 17:00 4mo ago
Dogecoin Faces ‘Do-Or-Die' Moment Ahead of October 23, Analyst Says cryptonews
DOGE
Dogecoin's next inflection could arrive as soon as October 22–23, according to crypto analyst VisionPulsed, who argues that the memecoin's multi-month rising channel will either confirm with a higher low in the $0.16–$0.18 region or give way to another full “round trip” into year-end.
2025-10-17 21:36 4mo ago
2025-10-17 17:01 4mo ago
BTC Price Pullback Deepens: Is a Bitcoin Drop to $100K Imminent? cryptonews
BTC
TLDR:

BTC price slipped below $108K, marking its weakest level in weeks as traders turn cautious near $100K.
The $100K zone is seen as the next key support, aligning with Bitcoin’s 365-day moving average trendline.
On-chain data shows $100K as a major psychological level that may trigger volatility if breached.
Analysts say liquidity has been cleared, leaving BTC in a choppy zone between $98K and $114K.

Bitcoin’s latest price action has traders on alert. After weeks of sideways movement between $120,000 and $108,000, the world’s largest cryptocurrency has broken lower. 

The move adds pressure to an already shaky market where short-term traders are re-evaluating risk. Analysts say the $100,000 level now holds the key to Bitcoin’s next direction. If that support fails, deeper corrections could follow.

Per data from CoinGecko, Bitcoin is trading at $107,123 with daily volume above $96 billion. The coin is down 0.68% in the past 24 hours and 8.67% in the last week, extending its slide from last month’s highs. Traders appear cautious as volatility tightens and market liquidity thins.

Traders Turn Focus to $100K BTC Price Support
Julio Moreno, Head of Research at CryptoQuant, said Bitcoin’s latest drop puts $100,000 at the center of attention. 

Now that Bitcoin has broken the recent $120k-$108k consolidation range to the downside, $100k becomes the next support level.

$100K is the Traders’ On-chain Realized Price Lower band (dotted light-blue line in the chart), which has acted as the last price support during this… pic.twitter.com/k8Vc3smibs

— Julio Moreno (@jjcmoreno) October 17, 2025

He explained that $100K aligns with the on-chain “Realized Price Lower Band,” which has provided support during this entire bull run. Moreno added that the same zone also matches the 365-day moving average, making it a confluence level for both technical and on-chain metrics.

Market watchers describe $100K as not just a data point but a psychological barrier. It’s the round number that tends to draw reactions from retail and institutional traders. 

A break below that line could lead to forced liquidations and panic selling. Still, others believe such a drop might attract long-term buyers looking for discounts.

Traders on X (formerly Twitter) have echoed mixed reactions. Some see this move as a shakeout before another leg up. Others warn that if support fails, the next meaningful area sits closer to $98K.

Analysts Eye Liquidity Zones and Volatility Levels
Crypto trader Daan Crypto Trades noted that Bitcoin has been “hunting liquidity” for months. He described the latest drop as the largest flush of this cycle, affecting altcoins more heavily than Bitcoin itself. 

$BTC Been hunting liquidity for the past few months. With this recent flush being by far the biggest one (especially on alts obviously).

Every time, BTC consolidates for several weeks, only to take out a local high/low and fully reverse after.

This has been amazing for range… pic.twitter.com/FJa8o7KV2P

— Daan Crypto Trades (@DaanCrypto) October 17, 2025

According to him, BTC has spent most of this period moving between wide ranges, shaking out both longs and shorts.

Daan added that no major liquidity clusters are nearby, meaning the price could remain unstable before it finds direction. 

He marked $98K and $114K as the next areas to watch on higher timeframes. Traders expect consolidation to continue, but many agree the next big move depends on whether Bitcoin can hold above that critical $100K threshold.

For now, Bitcoin remains range-bound and unpredictable. Traders are eyeing liquidity zones and waiting for confirmation before taking positions.
2025-10-17 21:36 4mo ago
2025-10-17 17:04 4mo ago
$242 Million in XRP Dumped as Selling Pressure Builds cryptonews
XRP
XRP has continued to spark fears among investors as whales are increasingly dumping their tokens amid ongoing market uncertainty. 

On Friday, October 17, on-chain tracking platform Whale Alert shared data showing over 106 million XRP being transferred in a move that appears to be an attempt to sell.

The tracker spotted two large, consecutive transactions — 53,399,340 XRP and 53,356,907 XRP — being moved between unknown wallets and Coinbase.

HOT Stories

While both transfers are collectively worth over $242 million, commentators have suggested that whales may be strategically dumping their holdings to hedge against further losses.

Although the exact nature of the transactions was not disclosed, they signal mounting sell pressure, which could weigh heavily on price performance and trigger deeper corrections.

While some commentators have speculated that one of the transactions might be an OTC (over-the-counter) transfer occurring outside of a crypto exchange, many others have expressed skepticism, believing that both transfers were influenced by the prevailing negative market sentiment.

 XRP to retest $1?With the XRP market structure appearing increasingly weak and on the verge of a total collapse, there are few, if any, support levels left between current prices and the psychological threshold of $1.00.

This suggests that XRP could retest the $1 level in the near term if market momentum does not turn bullish soon. Beyond the increasing selling activity observed in the market, whales have continued to liquidate large positions, putting overall liquidity under significant pressure.

However, despite the consistent price declines, analysts remain optimistic about XRP’s long-term prospects. Analysts attribute this optimism to Ripple’s recent developments, highlighting reasons why investors should remain bullish on XRP despite the distressed market conditions.

As Ripple continues to aggressively expand its global presence — through major developments such as the launch of its RLUSD stablecoin in Africa and its custody partnership with Absa Bank — the demand for XRP is expected to rise to new heights.

These initiatives, which strengthen XRP’s utility in cross-border payments, are anticipated to support a longer-term recovery for the asset despite the ongoing market bloodbath.
2025-10-17 21:36 4mo ago
2025-10-17 17:10 4mo ago
Bitcoin Falls To Lowest Since June As Various Factors Drive Losses cryptonews
BTC
Bitcoin prices fell to their lowest in over three months on October 17.

getty

Bitcoin prices extended their recent losses on Friday, October 17, dropping to their lowest value in more than three months as several factors combined to fuel continued declines.

The world’s most prominent digital currency reached as little as $103,516.25, according to Coinbase data from TradingView.

At this point, the cryptocurrency was down roughly 18% from the all-time high of $126,300 that it reached on October 6, additional Coinbase figures from TradingView reveal.

The digital asset was also trading at its most depressed value since approximately June 23.

When explaining bitcoin’s recent price movements, analysts highlighted a variety of bearish factors, emphasizing that the digital currency has encountered multiple challenges since reaching its zenith earlier this month.

Trump Tariff ImpactSeveral market observers pointed to the impact of tariff announcements made by President Donald Trump, as well as how they have impacted the broader global asset markets.

Jacob Joseph, senior research analyst at CoinDesk Data, commented on these developments.

“Bitcoin and the broader digital asset market have largely trailed traditional financial assets in recent weeks, including gold and major equity indices,” he stated via email.

“This underperformance coincides with increased macroeconomic uncertainty following President Trump’s announcement of potential new tariffs on China, which has led to reduced risk appetite across financial markets. ”

Olivier Mammet, head of US OTC trading for Gemini, also commented on these duties, as well as how they have combined with heavy use of leverage to fuel downward price movement.

“BTC is down about 16% from its peak around $126,000 last week. The initial drop was related to President Trump’s new tariffs on China that rattled the whole market beyond crypto, but the impact was mostly felt within the crypto space that had good leverage in it,” he stated.

“We saw multiple waves of forced liquidations on Friday, with $19 billion worth of positions being liquidated across venues, which explains how we went from $126,000 to $110,000 on Friday alone,” Mammet continued.

US Bank ChallengesAnother factor that has contributed to the recent weakness in the global asset markets, and also bitcoin prices, is uncertainty surrounding the status of certain U.S. banks, according to several analysts who contributed input for this article.

Shares of several lending institutions, including Western Alliance Bancorp and Zions Bancorporation, tumbled on Thursday, October 16, after these companies announced financial challenges, according to Reuters. More specifically, Western Alliance revealed that it would take a $50 million loss as a result of two loans.

Marc P. Bernegger, cofounder of crypto fund of funds AltAlpha Digital, spoke to these developments, stating through emailed commentary that “Reports of losses at US regional banks like Zions Bancorp and Western Alliance due to troubled loans have spilled over into broader financial markets, echoing 2023’s banking stresses and eroding confidence in assets like Bitcoin as well.”

Mammet also weighed in on these developments, indicating that “Despite equities trading relatively well (SP500 only down 2-3% from the peak), other negative news such as the uncertainty surrounding regional US bank’s loans is continuing to weigh on the market.”

Speculators Seize Control Short traders have seized control of the bitcoin markets this week, according to Julio Moreno, head of research for CryptoQuant. Short positions have been “dominating the futures market basically since October 14, and putting additional downward pressure on the price," he noted.

The chart below illustrates these developments:

Bitcoin perpetual futures data

CryptoQuant

Past that, “Spot demand continues to decline,” he added. The chart below shows the drop in bitcoin’s apparent demand.

Bitcoin apparent demand data

CryptoQuant

“Apparent demand is the part of the Bitcoin stock that is bought by new bitcoin holders,” Moreno clarified. “Here, the total stock is defined as Bitcoin that has not moved in 1 year or more,” he added.

“When the total stock declines it is because there is new demand for Bitcoin and vice versa,” Moreno continued.
2025-10-17 21:36 4mo ago
2025-10-17 17:10 4mo ago
Andreessen Horowitz's Crypto Arm Backs Jito With $50 Million Investment cryptonews
JTO
Andreessen Horowitz's crypto arm has made a $50 million investment in Jito, a Solana-based liquid staking protocol. The deal, the largest ever for Jito, strengthens long-term alignment between the venture firm and the Solana ecosystem.
2025-10-17 21:36 4mo ago
2025-10-17 17:15 4mo ago
Ethereum Foundation veteran Dankrad Feist joins Stripe's Tempo team cryptonews
ETH
5 minutes ago

Feist, who is one of the Ethereum Foundation's key researchers, said that Tempo and Ethereum share similar values and "complement" each other.

35

Dankrad Feist, a longtime Ethereum developer and researcher at the Ethereum Foundation, announced Friday that he’s joining Tempo, a layer-1 blockchain for payments and stablecoins built by Stripe and Paradigm.

Feist said he will remain as a “research adviser” at the Ethereum Foundation to provide input on scaling the layer-1 network, improving user experience (UX), and blobs, a feature of the Ethereum network that frees up blockspace by temporarily storing data. He added:

“Tempo’s open-source technology can easily integrate back into Ethereum, benefiting the entire ecosystem. Ethereum and Tempo are strongly aligned, as they are built with the same permissionless ideals in mind. I am looking forward to staying involved with the community and continuing to push Ethereum forward,” he said. Cointelegraph reached out to Feist but was unable to receive a response by the time of publication.

Source: Dankrad FeistThe announcement drew mixed reactions from the Ethereum community, with some sending messages of support and others seeing it as a loss of one of the Ethereum ecosystem’s most significant contributors during a year of significant change for the ecosystem.

Crypto community divided on Stripe’s Tempo blockchainThe crypto community also remains divided regarding the Tempo blockchain and whether a payments-focused, dedicated stablecoin blockchain network is even needed.

“No one wants another chain,” Joe Petrich, head of engineering at non-fungible token (NFT) platform Courtyard, said in response to Stripe CEO Patrick Collison’s Tempo announcement, adding that there is “no need for yet another chain.”

Ethereum Foundation researcher Devansh Mehta also questioned the decision to launch Tempo as a purpose-built blockchain instead of just becoming an Ethereum layer-2 scaling network.

App-specific layer-1 chains that must build out their own validator set suffer from centralization issues and could face increased legal liability, Mehta said.

The debate comes amid a time of tension between Ethereum and its many layer-2 scaling solutions, which some have characterized as cannibalizing Ethereum's base layer revenue and a downward force on Ether’s (ETH) price despite bringing user traffic to the ecosystem.

Magazine: Back to Ethereum: How Synthetix, Ronin, and Celo saw the light
2025-10-17 21:36 4mo ago
2025-10-17 17:27 4mo ago
Ripple (XRP) Pauses After Chaos: Is Wave 5 Still Coming or a New Bull Trend Emerging? cryptonews
XRP
Wave 4 pause hints at one final leg down before a major bullish reversal for XRP.
2025-10-17 20:36 4mo ago
2025-10-17 16:15 4mo ago
Starwood Property Trust Announces Date for Third Quarter 2025 Earnings Release and Conference Call stocknewsapi
STWD
, /PRNewswire/ -- Starwood Property Trust (NYSE: STWD) today announced that the Company will release its third quarter 2025 financial results on Monday, November 10, 2025 before the opening of trading on the New York Stock Exchange. A conference call will be held on Monday, November 10, 2025 at 10:00 a.m. Eastern Time.

During the conference call, the Company's officers will review third quarter performance, discuss recent events and conduct a question-and-answer period.

Webcast
The conference call will also be available in the Investor Relations section of the Company's website at www.starwoodpropertytrust.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. A replay of the call will also be available for 90 days on the Company's website.

To Participate in the Telephone Conference Call:
Dial in at least five minutes prior to start time.
Domestic: 1-877-407-9039
International: 1-201-689-8470

Conference Call Playback:
Domestic: 1-844-512-2921
International: 1-412-317-6671
Passcode: 13753256
The playback can be accessed through Monday, November 24, 2025.

Full Text of the Earnings Release

Internet -- The full text of the earnings release will be available on Monday, November 10, 2025 at the Company's web site, www.starwoodpropertytrust.com.
Mail -- For those without Internet access, the third quarter earnings release will be available by mail or fax, on request. To receive a copy, please call the Company's Investor Relations line at 203-422-7788.

About Starwood Property Trust, Inc.

Starwood Property Trust (NYSE: STWD) is a leading diversified finance company with a core focus on the real estate and infrastructure sectors. An affiliate of global private investment firm, Starwood Capital Group, the Company has successfully deployed over $108 billion of capital since inception and manages a portfolio of over $27 billion across debt and equity investments. Starwood Property Trust's investment objective is to generate attractive and stable returns for shareholders, primarily through dividends, by leveraging a premiere global organization to identify and execute on the best risk-adjusted returning investments across its target assets. Additional information can be found at www.starwoodpropertytrust.com.

Contact: 

Zachary Tanenbaum
Starwood Property Trust
Phone: 203-422-7788
Email: [email protected]

SOURCE Starwood Property Trust, Inc.

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2025-10-17 20:36 4mo ago
2025-10-17 16:15 4mo ago
Fubo Announces Inducement Grants Under NYSE Listing Rule 303A.08 stocknewsapi
FUBO
NEW YORK--(BUSINESS WIRE)--FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced that on October 16, 2025, the Compensation Committee of Fubo’s Board of Directors granted restricted stock unit awards covering an aggregate of 74,320 shares of its common stock to 12 new employees to induce them to join Fubo. The awards were granted under Fubo’s 2025 Employment Inducement Equity Incentive Plan, and vest annually over a four-year period following their grant, subject to continued employment. The awards were granted as employment inducement awards pursuant to the New York Stock Exchange rules.

About Fubo

With a global mission to aggregate the best in TV, including premium sports, news and entertainment content, through a single app, FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO) aims to transcend the industry’s current TV model. Ranked among The Americas’ Fastest-Growing Companies 2025 by the Financial Times, the company operates Fubo in the U.S., Canada and Spain and Molotov in France.

In the U.S., Fubo is a sports-first cable TV replacement product aggregating more than 400 live sports, news and entertainment networks and is the only live TV streaming platform with every English-language Nielsen-rated sports channel (source: Nielsen Total Viewers, 2024). Leveraging Fubo’s proprietary data and technology platform optimized for live TV and sports viewership, subscribers can engage with the content they are watching through an intuitive and personalized streaming experience. Fubo has continuously pushed the boundaries of live TV streaming, and was the first virtual MVPD to launch 4K streaming, MultiView and personalized game alerts.

Learn more at https://fubo.tv
2025-10-17 20:36 4mo ago
2025-10-17 16:15 4mo ago
Bank of America Declares Preferred Stock Dividends Payable in November and December 2025 stocknewsapi
BAC
, /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock: 

Series of Preferred Stock

Dividend per Share
or Depositary Share1

Record Date

Payment Date

Floating Rate Non-Cumulative Preferred Stock, Series E

$0.30814

October 31

November 17

Floating Rate Non-Cumulative Preferred Stock, Series F

$1,187.90894

November 28

December 15

Adjustable Rate Non-Cumulative Preferred Stock, Series G

$1,187.90894

November 28

December 15

Floating Rate Non-Cumulative Preferred Stock, Series 1

$0.32604

November 15

November 28

Floating Rate Non-Cumulative Preferred Stock, Series 2

$0.32689

November 15

November 28

Floating Rate Non-Cumulative Preferred Stock, Series 4

$0.33328

November 15

November 28

Floating Rate Non-Cumulative Preferred Stock, Series 5

$0.31795

November 1

November 21

6.000% Non-Cumulative Preferred Stock, Series GG

$0.3750000

November 1

November 17

5.375% Non-Cumulative Preferred Stock, Series KK

$0.3359375

December 1

December 26

5.000% Non-Cumulative Preferred Stock, Series LL

$0.3125000

December 1

December 17

4.250% Non-Cumulative Preferred Stock, Series QQ

$0.2656250

November 1

November 17

4.750% Non-Cumulative Preferred Stock, Series SS

$0.2968750

November 1

November 17

1 Each series of preferred stock, other than Series F and Series G, is represented by depositary shares.

Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million consumer and small business clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Investors may contact

Lee McEntire, Bank of America
Phone: 1.980.388.6780
[email protected]

Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
[email protected]

Reporters may contact

Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
[email protected]

SOURCE Bank of America Corporation

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Also from this source
2025-10-17 20:36 4mo ago
2025-10-17 16:16 4mo ago
Regions Financial Corporation (RF) Q3 2025 Earnings Call Transcript stocknewsapi
RF
Q3: 2025-10-17 Earnings SummaryEPS of $0.63 beats by $0.03

 |

Revenue of

$1.93B

(6.99% Y/Y)

misses by $6.06M

Regions Financial Corporation (NYSE:RF) Q3 2025 Earnings Call October 17, 2025 10:00 AM EDT

Company Participants

Dana Nolan - EVP & Head of Investor Relations
John Turner - President, CEO & Chairman
David Turner - Senior EVP & CFO

Conference Call Participants

Kenneth Usdin - Bernstein Autonomous LLP
Robert Siefers - Piper Sandler & Co., Research Division
Steven Alexopoulos - TD Cowen, Research Division
John Pancari - Evercore ISI Institutional Equities, Research Division
David Rochester - Cantor Fitzgerald & Co., Research Division
Gerard Cassidy - RBC Capital Markets, Research Division
Ebrahim Poonawala - BofA Securities, Research Division
Christopher McGratty - Keefe, Bruyette, & Woods, Inc., Research Division
Betsy Graseck - Morgan Stanley, Research Division
Christopher Spahr - Wells Fargo Securities, LLC, Research Division

Presentation

Operator

Good morning, and welcome to the Regions Financial Corporation's quarterly earnings call. My name is Chris, and I will be your operator for today's call. [Operator Instructions]

I will now turn the call over to Dana Nolan to begin.

Dana Nolan
EVP & Head of Investor Relations

Thank you, Chris. Welcome to Regions' Third Quarter earnings call. John and David will provide high-level commentary regarding our results. Earnings documents, which include our forward-looking statement disclaimer and non-GAAP reconciliations are available in the Investor Relations section of our website. These disclosures cover our presentation materials, today's prepared remarks and Q&A.

I will now turn the call over to John.

John Turner
President, CEO & Chairman

Thank you, Dana, and good morning, everyone. We appreciate you joining our call today. Earlier this morning, we reported strong quarterly earnings of $548 million, resulting in earnings per share of $0.61. On an adjusted basis, earnings were $561 million or $0.63 per share. We delivered adjusted pretax pre-provision income of $830 million, a 4% increase year-over-year, and we generated a strong return on tangible common equity of 19%.

We

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Securities Fraud Investigation Into Western Alliance Bancorporation (WAL) Announced – Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm stocknewsapi
WAL
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Western Alliance Bancorporation (“Western Alliance” or the “Company”) (NASDAQ: WAL) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON WESTERN ALLIANCE (WAL), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What H.
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TEZSPIRE approved in the US for chronic rhinosinusitis with nasal polyps stocknewsapi
AZN
Approval broadens indication for TEZSPIRE to a second disease characterized by epithelial-driven inflammation

WILMINGTON, Del.--(BUSINESS WIRE)--AstraZeneca and Amgen’s TEZSPIRE® (tezepelumab -ekko) has been approved in the US for the add-on maintenance treatment of adult and pediatric patients aged 12 years and older with inadequately controlled chronic rhinosinusitis with nasal polyps (CRSwNP), a complex epithelial-driven inflammatory condition. TEZSPIRE is the first and only biologic that targets thymic stromal lymphopoietin (TSLP) to be approved for CRSwNP.

The approval by the US Food and Drug Administration (FDA) was based on efficacy and safety data from the WAYPOINT Phase III trial, which were presented at the 2025 American Academy of Allergy, Asthma & Immunology (AAAAI)/World Allergy Organization (WAO) Joint Congress and simultaneously published in The New England Journal of Medicine.1,2 In the trial, TEZSPIRE demonstrated a statistically significant and clinically meaningful reduction in nasal polyp severity, and showed near-elimination of the need for surgery and significant reduction in systemic corticosteroid use vs. placebo.1,2

Dr. Joseph Han, Vice Chair of Department of Otolaryngology - Head and Neck Surgery, Old Dominion University, US, and co-primary investigator in the WAYPOINT trial, said: “Over 320 million lives globally are disrupted by chronic rhinosinusitis with nasal polyps. The FDA approval of TEZSPIRE brings forward a new treatment option that has demonstrated rapid and sustained symptom improvement, nearly eliminating the need for future surgeries and significantly reducing systemic steroid use. By targeting TSLP at the top of the inflammatory cascade, TEZSPIRE offers a novel option for patients who continue to endure the disruption of this disease despite available treatments.”

Kenneth Mendez, President and CEO of the Asthma and Allergy Foundation of America (AAFA), said: “Chronic rhinosinusitis with nasal polyps is a persistent and often-overlooked disease that can significantly impact daily life, robbing patients of their ability to breathe without congestion and full sense of smell. This approval introduces an innovative treatment option for patients with the potential to help address the ongoing cycle of debilitating symptoms, surgeries and systemic steroid use.”

Ruud Dobber, Executive Vice President, BioPharmaceuticals Business Unit, AstraZeneca said: “Today’s approval of TEZSPIRE in chronic rhinosinusitis with nasal polyps expands the reach of this innovative treatment option to patients living with an epithelial-driven inflammatory disease beyond severe asthma. Building on the widespread, established use of TEZSPIRE in severe asthma, this exciting milestone now reinforces its unique mechanism of action across both the upper and lower airways and reflects our commitment to transforming care for patients who face the daily burden of chronic respiratory and immune-mediated diseases.”

CRSwNP affects up to approximately 320 million people worldwide and is a complex epithelial-driven inflammatory condition characterized by persistent inflammation and benign polyp growths within the nasal cavity. People living with CRSwNP commonly experience airflow obstruction and symptoms including congestion and an impaired sense of smell.3-7 For many patients, current therapies such as systemic and intranasal corticosteroids and repeated sinus surgeries do not offer lasting relief.4

The safety profile and tolerability of TEZSPIRE in the WAYPOINT trial was generally consistent with the known profile of the medicine.1 The most frequently reported adverse events in the trial were COVID-19, nasopharyngitis and upper respiratory tract infection.1

The Committee for Medicinal Products for Human Use (CHMP) recently adopted a positive opinion for the approval of TEZSPIRE in the EU for treatment of CRSwNP.8 Regulatory applications are currently under review in the EU, China, Japan and several other countries.

TEZSPIRE is currently approved for the treatment of severe asthma in the US, EU, Japan and more than 60 countries across the globe.9-11

IMPORTANT SAFETY INFORMATION

CONTRAINDICATIONS

Known hypersensitivity to tezepelumab-ekko or excipients.

WARNINGS AND PRECAUTIONS

Hypersensitivity Reactions

Hypersensitivity reactions were observed in the clinical trials (eg, rash and allergic conjunctivitis) following the administration of TEZSPIRE. Postmarketing cases of anaphylaxis have been reported. These reactions can occur within hours of administration, but in some instances have a delayed onset (ie, days). In the event of a hypersensitivity reaction, consider the benefits and risks for the individual patient to determine whether to continue or discontinue treatment with TEZSPIRE.

Acute Asthma Symptoms or Deteriorating Disease

TEZSPIRE should not be used to treat acute asthma symptoms, acute exacerbations, acute bronchospasm, or status asthmaticus.

Abrupt Reduction of Corticosteroid Dosage

Do not discontinue systemic or inhaled corticosteroids abruptly upon initiation of therapy with TEZSPIRE. Reductions in corticosteroid dose, if appropriate, should be gradual and performed under the direct supervision of a physician. Reduction in corticosteroid dose may be associated with systemic withdrawal symptoms and/or unmask conditions previously suppressed by systemic corticosteroid therapy.

Parasitic (Helminth) Infection

It is unknown if TEZSPIRE will influence a patient’s response against helminth infections. Treat patients with pre-existing helminth infections before initiating therapy with TEZSPIRE. If patients become infected while receiving TEZSPIRE and do not respond to anti-helminth treatment, discontinue TEZSPIRE until infection resolves.

Live Attenuated Vaccines

The concomitant use of TEZSPIRE and live attenuated vaccines has not been evaluated. The use of live attenuated vaccines should be avoided in patients receiving TEZSPIRE.

ADVERSE REACTIONS

The most common adverse reactions (incidence ≥ 3%) are:

Asthma: pharyngitis, arthralgia, and back pain.

Chronic rhinosinusitis with nasal polyps: nasopharyngitis, upper respiratory tract infection, epistaxis, pharyngitis, back pain, influenza, injection site reaction and arthralgia

USE IN SPECIFIC POPULATIONS

There are no available data on TEZSPIRE use in pregnant women to evaluate for any drug-associated risk of major birth defects, miscarriage, or other adverse maternal or fetal outcomes. Placental transfer of monoclonal antibodies such as tezepelumab-ekko is greater during the third trimester of pregnancy; therefore, potential effects on a fetus are likely to be greater during the third trimester of pregnancy.

INDICATION

TEZSPIRE is indicated for:

the add-on maintenance treatment of adult and pediatric patients aged 12 years and older with severe asthma. TEZSPIRE is not indicated for the relief of acute bronchospasm or status asthmaticus

the add-on maintenance treatment of adult and pediatric patients aged 12 years and older with inadequately controlled chronic rhinosinusitis with nasal polyps (CRSwNP)

Please see accompanying full Prescribing Information, including Patient Information and Instructions for Use.

You may report side effects related to AstraZeneca products.

Notes

Chronic Rhinosinusitis with Nasal Polyps (CRSwNP (nasal polyps))

CRSwNP is a complex inflammatory disorder, characterized by persistent inflammation of the nasal mucosa accompanied by benign growths, called nasal polyps.3,4 Nasal polyps can block nasal passages and lead to breathing problems, difficulty in sense of smell, nasal discharge, facial pain, sleep disturbance and other adverse effects on quality of life. 5-7

Epithelial dysfunction and inflammation are important characteristics of chronic rhinosinusitis and impede the ability of the epithelium to act as a physical and immunological barrier against the external environment.12,13 Thymic stromal lymphopoietin (TSLP) is an epithelial cytokine that has been implicated in shared pathophysiological processes underlying severe asthma and CRSwNP.12,13

Current treatments for CRSwNP include intranasal and/or systemic corticosteroids, surgery and biologics.4,7,14-19

Phase III WAYPOINT trial

WAYPOINT was a double-blind, multi-center, randomized, placebo-controlled, parallel group trial designed to evaluate the efficacy and safety of tezepelumab in adults with uncontrolled CRSwNP.1,2,20 Participants received tezepelumab or placebo, administered via subcutaneous injection. The trial also included a post-treatment follow-up period of 12-24 weeks for participants who completed the 52-week treatment period.1,20

The co-primary endpoints of the trial, were change from baseline in total nasal polyp size, measured by the endoscopic total Nasal Polyp Score, and change from baseline in bi-weekly mean nasal congestion, measured by the participant reported Nasal Congestion Score evaluated as part of the daily Nasal Polyposis Symptom Diary.1,20 Key secondary endpoints included loss of smell; improvement in disease specific health-related quality of life as measured by Sino-Nasal Outcome Test (SNOT-22) score; Lund-Mackay score; time to surgery decision and/or systemic corticosteroids for nasal polyposis; time to nasal polyposis surgery decision; time to systemic corticosteroids for nasal polyposis; Nasal Polyposis Symptom Diary total symptom score and, in the population with co-morbid asthma, pre-bronchodilator FEV1 at Week 52.1,20

TEZSPIRE

TEZSPIRE (tezepelumab) is being developed by AstraZeneca in collaboration with Amgen as a first-in-class human monoclonal antibody that inhibits the action of thymic stromal lymphopoietin (TSLP), a key epithelial cytokine that sits at the top of multiple inflammatory cascades and is critical in the initiation and persistence of allergic, eosinophilic and other types of epithelial inflammation associated with severe asthma, CRSwNP and other inflammatory diseases.12,13

TSLP is released by the epithelium in response to environmental triggers (including allergens, viruses and other airborne particles) associated with asthma, CRSwNP, chronic obstructive pulmonary disease (COPD), eosinophilic esophagitis (EoE) and other diseases.13,21 Across these disease states, the expression of TSLP is increased and correlates with disease severity.7,11

TEZSPIRE is approved as a single-use pre-filled syringe and auto-injector for self-administration in the US and EU.9-11 Since 2021, over 100,000 patients have been treated with TEZSPIRE for severe asthma.22

Beyond CRSwNP, TEZSPIRE is also being explored in Phase III trials in COPD and EoE.23,24 In October 2021, TEZSPIRE was granted Orphan Drug Designation by the U.S. Food and Drug Administration (FDA) for the treatment of EoE.25

Amgen Collaboration

The 2012 Collaboration Agreement between Amgen and AstraZeneca has been amended and updated over time. For TEZSPIRE, both companies continue to share costs and profits equally after payment by AstraZeneca of a mid single-digit inventor royalty to Amgen. AstraZeneca continues to lead development and Amgen continues to lead manufacturing. All aspects of the collaboration are under the oversight of joint governing bodies. Under the agreement, Amgen and AstraZeneca jointly commercialize TEZSPIRE in the US. Amgen records product sales in the US, with AZ recording its share of US profits as Collaboration Revenue. Outside of the US, AstraZeneca records product sales, with Amgen recording profit share as Other/Collaboration revenue.

AstraZeneca in Respiratory & Immunology

Respiratory & Immunology, part of AstraZeneca BioPharmaceuticals is a key disease area and growth driver to the Company.

AstraZeneca is an established leader in respiratory care with a 50-year heritage and a growing portfolio of medicines in immune-mediated diseases. The Company is committed to addressing the vast unmet needs of these chronic, often debilitating, diseases with a pipeline and portfolio of inhaled medicines, biologics and new modalities aimed at previously unreachable biologic targets. Our ambition is to deliver life-changing medicines that help eliminate COPD as a leading cause of death, eliminate asthma attacks and achieve clinical remission in immune-mediated diseases.

AstraZeneca

AstraZeneca is a global, science-led biopharmaceutical company that focuses on the discovery, development and commercialization of prescription medicines in Oncology, Rare Diseases and BioPharmaceuticals, including Cardiovascular, Renal & Metabolism, and Respiratory & Immunology. Based in Cambridge, UK, AstraZeneca's innovative medicines are sold in more than 125 countries and used by millions of patients worldwide. Please visit www.astrazeneca-us.com and follow the Company on social media @AstraZeneca.

References

Lipworth BJ, Han JK, et al. Tezepelumab in adults with severe chronic rhinosinusitis with nasal polyps. N Engl J Med. 2025;392(12):1178-1188. DOI: 10.1056/NEJMoa2414482.

Lipworth BJ, Han JK, et al. Efficacy and safety of tezepelumab in adults with severe chronic rhinosinusitis with nasal polyps: results from the Phase 3 WAYPOINT Study. [Late breaking oral presentation]. Presented at the American Academy of Allergy, Asthma & Immunology/World Allergy Organization Joint Congress 2025 (28 February – 03 March).

Bachert C, et al. Phenotypes and Emerging Endotypes of Chronic Rhinosinusitis. J Allergy Clin Immunol Pract. 2016;4(4):621-628.

Del Toro E, Portela J. Nasal Polyps. [Updated 2023 Jul 31]. In: StatPearls [Internet]. Treasure Island (FL): StatPearls Publishing; 2024 Jan. Available at: https://www.ncbi.nlm.nih.gov/books/NBK560746/. Accessed October 2025.

Stevens WW, et al. Chronic Rhinosinusitis with Nasal Polyps. J Allergy Clin Immunol Pract. 2016; 4(4):565-572.

Abdalla S, et al. Prevalence of sinonasal outcome test (SNOT-22) symptoms in patients undergoing surgery for chronic rhinosinusitis in the England and Wales National prospective audit. Clin Otolaryngol. 2012;37(4):276-282.

Chen S, et al. Systematic literature review of the epidemiology and clinical burden of chronic rhinosinusitis with nasal polyposis. Curr Med Res Opin. 2020;36(11):1897-1911.

AstraZeneca news release. TEZSPIRE recommended for approval in the EU by CHMP for chronic rhinosinusitis with nasal polyps. Available at: https://www.astrazeneca.com/media-centre/press-releases/2025/TEZSPIRE-recommended-for-approval-in-eu-for-crswnp.html. Accessed October 2025.

TEZSPIRE (tezepelumab) US prescribing information. Available at: https://www.accessdata.fda.gov/drugsatfda_docs/label/2023/761224s003lbl.pdf. Accessed October 2025.

TEZSPIRE (tezepelumab) Summary of Product Characteristics. Available at: https://www.ema.europa.eu/en/documents/product-information/TEZSPIRE-epar-product-information_en.pdf. Accessed October 2025.

AstraZeneca news release. TEZSPIRE approved in Japan for the treatment of severe asthma. Available at: https://www.astrazeneca.com/media-centre/press-releases/2022/TEZSPIRE-approved-in-japan-for-severe-asthma.html. Accessed October 2025.

Corren J, et al. Tezepelumab in adults with uncontrolled asthma. N Engl J Med. 2017;377:936-946.

Varricchi G, et al. Thymic Stromal Lymphopoietin Isoforms, Inflammatory Disorders, and Cancer. Front Immunol. 2018;9:1595.

Xolair (omalizumab) Summary of Product Characteristics; Available at: https://www.ema.europa.eu/en/documents/product-information/xolair-epar-product-information_en.pdf. Accessed October 2025.

Xolair (omalizumab) US prescribing information; Available at: https://www.gene.com/download/pdf/xolair_prescribing.pdf. Accessed: October 2025.

Nucala (mepolizumab) Summary of Product Characteristics. Available at: https://www.ema.europa.eu/en/documents/product-information/nucala-epar-product-information_en.pdf. Accessed October 2025.

Nucala (mepolizumab) US prescribing information; Available at: https://www.accessdata.fda.gov/drugsatfda_docs/label/2021/761122s006,125526s018lbl.pdf. Accessed October 2025.

Dupixent (dupilumab) Summary of Product Characteristics. Available at: https://www.ema.europa.eu/en/documents/product-information/dupixent-epar-product-information_en.pdf. Accessed October 2025.

Dupixent (dupilumab) US prescribing information; Available at: https://www.regeneron.com/downloads/dupixent_fpi.pdf. Accessed October 2025.

Clinicaltrials.gov. Efficacy and Safety of Tezepelumab in Participants With Severe Chronic Rhinosinusitis With Nasal Polyposis (WAYPOINT). Available at: https://clinicaltrials.gov/ct2/show/NCT04851964. Accessed October 2025.

Zhang M, et al. Hypoxia induces the production of epithelial-derived cytokines in eosinophilic chronic rhinosinusitis with nasal polyps. Int Immunopharmacol. 2023;121:110559.

AstraZeneca Data on file. 2025. REF-278452.

Clinicaltrials.gov. Tezepelumab COPD Exacerbation Study (COURSE) [Online]. Available at: https://clinicaltrials.gov/ct2/show/NCT04039113. Accessed October 2025.

Clinicaltrials.gov. Efficacy and Safety of Tezepelumab in Patients with Eosinophilic Esophagitis (CROSSING). Available at: https://clinicaltrials.gov/study/NCT05583227. Accessed October 2025.

AstraZeneca news release. Tezepelumab granted Orphan Drug Designation in the US for eosinophilic esophagitis. Available at: https://www.astrazeneca.com/media-centre/press-releases/2021/tezepelumab-granted-orphan-drug-designation-in-the-us-for-eosinophilic-esophagitis.html. Accessed October 2025.
2025-10-17 20:36 4mo ago
2025-10-17 16:18 4mo ago
Silver Range vends five projects, eyes big payday – ICYMI stocknewsapi
SLRRF
Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF) CEO Mike Power talked with Proactive about the company’s significant turnaround during the past year. The discussion covered recent and upcoming project activity.

The company has recently vended its Skylight property to Rush Gold, optioned three projects to Walker Lane Resources, and advanced the Bellehelen project with Excalibur Metals.

Proactive: For people who aren’t familiar with the company, you mentioned you're a project generator. Could you give us an overview of what the company is really about?

Mike Power: We’re your classic prospect generator — a precious metal prospect generator. We work in the southwest US. Our business is to identify, acquire, explore, and enhance projects. Then we vend them to partners. So we leverage their capabilities and resources with ours to explore and develop our properties. We have a large portfolio, but we don’t concentrate on any individual project, nor do we drill our own projects with conventional drilling.

You mentioned a bit of a turnaround. Is that related to pricing trends in the market, particularly with precious metals like silver and gold?

Actually, our story is a little different. Last fall, one of our deals that we’d done years ago finally hatched. We ended up with a significant share position in Silver47, a very well-run, well-promoted company. Over a period of eight months, we were able to slowly monetize that position. That allowed us to recap the company without financing, to the tune of about $3 million. By last June, when we finally exited the position, we were breathing a great big sigh of relief and were ready to go.

Tell me a bit about some of the projects you're looking at right now. Where do you see those headed?

We’ve been optioning more projects since last winter. We started with our Skylight property, finally got that vended after years of work with Rush Gold. It’s up on step and ready to go. Shortly after, we optioned three projects to Walker Lane Resources. They’re getting financed right now and we expect them to be working this fall. Finally, after years of work, Excalibur Metals got our Bellehelen project in play. My partner, John Gilbert, left the company to take over as CEO. It’s a great property and in great hands, and we expect some good news there. That brought us through to the summer.

Then we saw a bit of cash in hand. We started staking in August and September. We’ve got some new projects we'll roll out. And we’re really looking forward to finally seeing some action with our Broden Mining deal.

Tell me a bit about that one.

Broden Mining is an effort to restart the Faro mine up in the Yukon, which in its day was the largest lead-zinc-silver mine in the world. When it shut down, there were four or five deposits there. We added our Keg deposit to the mix. Under the guidance of Don McInnes, they’ve been working with the Ross River Dena First Nation and the federal and Yukon governments. They’re working towards finalizing a deal. We think it’s pretty close — we can smell the biscuits. After nine years of effort, we believe this deal might finally happen in the very near future. Fingers crossed. That would be a very significant payday for us.

Quotes have been lightly edited for style and clarity
2025-10-17 20:36 4mo ago
2025-10-17 16:19 4mo ago
Truist: Attractive Given Solid Capital And Reinvestment Benefits (Upgrade) stocknewsapi
TFC
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 20:36 4mo ago
2025-10-17 16:20 4mo ago
Genentech Presents New Phase III Pivotal Data for Vamikibart in Uveitic Macular Edema (UME), a Serious Cause of Vision Loss stocknewsapi
RHHBY
-

– Vamikibart is the first non-steroid targeted therapy designed to address inflammation driving UME and may offer a potential new treatment option for patients –

– Vision improvements were seen in both pivotal studies, achieving statistical significance in MEERKAT and nominal significance in SANDCAT –

– The MEERKAT and SANDCAT trials are ongoing and the data will be discussed with health authorities globally –

SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Genentech, a member of the Roche Group (SIX: RO, ROG; OTCQX: RHHBY), announced today results from two Phase III studies evaluating the efficacy and safety of two doses of investigational vamikibart (0.25 and 1 mg) compared with a sham procedure that mimics intravitreal (IVT) injections in people with uveitic macular edema (UME). UME is characterized by the buildup of fluid in the macula due to uveitis, an inflammatory condition of the eye, that can result in vision loss. Across both studies, the primary and secondary endpoint data support the potential for rapid improvements in vision and reductions in macular thickness (swelling in the back of the eye due to retinal fluid) with vamikibart treatment. The data were presented at the American Academy of Ophthalmology annual meeting (AAO 2025) in Orlando, FL.

“The totality of data from these pivotal vamikibart studies represent an important step towards addressing a clear unmet need for people with uveitic macular edema,” said Levi Garraway, M.D., Ph.D., Genentech’s chief medical officer and head of Global Product Development. “UME is a major cause of vision loss and blindness in people of working age. We look forward to discussing the data for this potential first-in-class treatment with regulatory authorities.”

“UME is most commonly treated with steroids that, when injected in the eye, are associated with significant side effects such as increased pressure in the eye, which can lead to glaucoma and cataract formation,” said study investigator Eric Suhler, M.D., MPH, Professor of Ophthalmology at the Casey Eye Institute, Oregon Health & Science University, Portland, OR. “These data seen across multiple endpoints in both Phase III studies, along with the overall low rate of treatment-related ocular adverse events, suggest that vamikibart could provide a clinically relevant, locally injectable non-steroid treatment option for people with UME.”

In both trials, a numerically higher proportion of patients treated with vamikibart gained vision, with primary endpoint data demonstrating statistically significant superiority over sham in MEERKAT, though not in SANDCAT. Consistently across both trials, key secondary endpoints showed rapid and clinically meaningful improvements in average change from baseline in best corrected visual acuity (BCVA), and average change from baseline in central subfield thickness (CST), a key measure of macular edema, supporting the overall efficacy profile of vamikibart.

The underlying variability of BCVA as an endpoint, along with variations in patient baseline characteristics and concomitant medications, may have influenced the differences in trial primary outcomes and further analyses are currently underway.

Vamikibart was generally well tolerated in both studies, with a low incidence of treatment-related ocular adverse events (AEs) and intraocular inflammation (IOI) events, and no events of retinal occlusive vasculitis. The most common AEs (≥5%) in either trial in patients receiving vamikibart were conjunctival hemorrhage and raised intraocular pressure.

Key data from the pivotal vamikibart Phase III MEERKAT and SANDCAT studies:

MEERKAT (n=245)

SANDCAT (n=256)

Sham (n=80)

0.25 mg vamikibart (n=74)

1 mg vamikibart (n=78)

Sham (n=82)

0.25 mg vamikibart (n=85)

1 mg vamikibart (n=86)

Primary endpoint: proportion of patients with a 15 letter or more improvement from baseline in best corrected visual acuity (BCVA) at week 16

Difference compared with sham IVT injections

-

19.9% (95% CI: 8.1, 31.4; P=0.0008)

36.9% (95% CI: 23.7, 48.5; P<0.0001)

-

20.7% (95% CI: 7.6, 32.8; P=NS*)

10.9% (95% CI: -1.4, 22.6; P=0.0699)

Secondary endpoint: average change from baseline in BCVA at week 16

Average BCVA change, letters

+3.5

+9.6 (P=0.0002)

+12.8 (P<0.0001)

+5.0

+11.9

(P=NS)

+9.2

(P=NS)

Secondary endpoint: average change from baseline in central subfield thickness (CST) at week 16

Average CST change, µm

−58.5

−187.5 (P<0.0001)

−196.1 (P<0.0001)

−43.5

−209.7 (P=NS)

−194.7

(P=NS)

Tolerability: incidence of treatment-related ocular AEs and IOI events

Proportion of patients experiencing one or more treatment-related ocular AEs

0%

4.1%

1.3%

3.7%

4.7%

3.5%

Proportion of patients experiencing one or more IOI events

0%

4.1%

1.3%

1.2%

3.5%

1.2%

*NS = Nominally Significant

About the MEERKAT and SANDCAT studies

MEERKAT (NCT05642312) and SANDCAT (NCT05642325) are identical Phase III, global, parallel, multicenter, randomized, double-masked, sham comparator-controlled trials of intravitreal (IVT) vamikibart in uveitic macular edema (UME). In both trials, patients were randomized and received treatment every four weeks with either 0.25 mg vamikibart, 1 mg vamikibart or sham IVT injection, for up to 16 weeks. The primary endpoint of both Phase III trials was the proportion of participants with a 15 letter or more improvement from baseline in best corrected visual acuity (BCVA) at week 16. Key secondary endpoints included the average change from baseline in BCVA and CST at week 16. The safety of vamikibart was assessed through adverse events (AEs) such as treatment related ocular AEs, intraocular inflammation (IOI) and retinal occlusive vasculitis. The studies included participants with and without prior IVT treatment history and included patients with history of raised IOP and glaucoma.

About Uveitic Macular Edema (UME)

UME is characterized by the buildup of fluid in the macula due to uveitis, an inflammatory eye condition. Although rare compared to other eye diseases, UME has a disproportionate impact on vision loss and blindness globally. It is the leading cause of moderate and severe vision loss in people with uveitis, and the most frequent sight threatening complication in uveitis. Uveitis accounts for 10% to 20% of blindness in the United States and Europe, and up to 25% of blindness in the developing world. UME has a significant negative impact on people's quality of life, including physical and mental health, social functioning, and visual function for day-to-day activities such as driving and reading. Steroids, the current standard of care for UME, are associated with significant serious side effects such as increased pressure in the eye, glaucoma and cataracts, and have recognized efficacy limitations.

About Vamikibart

Vamikibart is an investigational monoclonal antibody that has been specifically engineered for IVT administration. It targets interleukin-6 (IL-6), a key cytokine in the inflammatory pathway in UME. In the Phase I DOVETAIL study, vamikibart provided rapid vision improvements and resolution of macular edema in people with UME. Vamikibart was also well tolerated, with no treatment-related serious adverse events reported. Based on the promising Phase I DOVETAIL data, Genentech initiated the two identical Phase III vamikibart studies MEERKAT and SANDCAT. Vamikibart is being investigated in retinal diseases with recognized inflammatory pathways, including in people with UME. Vamikibart has orphan drug designation in the United States and European Union.

About Genentech in Ophthalmology

Genentech is researching and developing new treatments for people living with a range of eye diseases that cause significant visual impairment and blindness, including wet age-related macular degeneration (AMD), diabetic macular edema (DME), diabetic retinopathy (DR), geographic atrophy (GA) and other retinal diseases, including rare and inherited conditions.

About Genentech

Founded nearly 50 years ago, Genentech is a leading biotechnology company that discovers, develops, manufactures and commercializes medicines to treat patients with serious and life-threatening medical conditions. The company, a member of the Roche Group, has headquarters in South San Francisco, California. For additional information about the company, please visit http://www.gene.com.

More News From Genentech

Back to Newsroom
2025-10-17 20:36 4mo ago
2025-10-17 16:20 4mo ago
Gyrodyne Announces Agreement with Star Equity Fund stocknewsapi
GYRO
Agrees to Board Size Reduction and Certain Director Compensation Limitations; Star Equity Withdraws Nominations

October 17, 2025 16:20 ET

 | Source:

Gyrodyne, LLC

ST. JAMES, N.Y., Oct. 17, 2025 (GLOBE NEWSWIRE) -- Gyrodyne, LLC (Nasdaq: GYRO), an owner and manager of a diversified portfolio of real estate properties (“Gyrodyne”), today announced that it has entered into an agreement (the “Agreement”) with Star Equity Fund, LP (“Star Equity Fund”), under which Star Equity Fund has withdrawn its slate of nominees for election at the 2025 annual shareholders meeting, and Gyrodyne will reduce the size of its board from five to four directors, freeze director compensation and limit the aggregate fee paid to the Chairman to $65,000. In connection with the reduction in board size, Richard Smith will be the sole nominee standing for election at the 2025 annual shareholders meeting.

Star Equity has also agreed to certain customary standstill provisions. The full agreement with Star Equity will be filed in a Current Report on Form 8-K with the Securities and Exchange Commission.

The agreement with Star Equity Fund reflects Gyrodyne’s continued commitment to constructive engagement with shareholders as part of its ongoing efforts to strengthen governance, enhance transparency and drive long-term value creation for all shareholders.

Gary Fitlin, Gyrodyne’s President and Chief Executive Officer, stated that “We appreciate the thoughtful input from Star Equity and our broader shareholder base. Their perspectives have strengthened our efforts as we work toward completing the sale of our properties and delivering maximum value to our shareholders.”

Jeff Eberwein, manager of Star Equity Fund, added that “Following the most recent constructive discussions with the company, we are pleased to have worked collaboratively with the Board to enhance governance and further align with shareholders’ interests”.

Nader Salour, Chairman of Gyrodyne’s Nominating Committee, also added: “On behalf of the entire company and Board of Directors, I want to express our deep gratitude to Paul Lamb for his extraordinary 28 years of service to Gyrodyne. His steady leadership and strategic vision have been instrumental in guiding the company through periods of tremendous challenge and transformation. Paul Lamb leaves behind a lasting legacy of integrity and a steadfast commitment to our stakeholders. While he will not be standing for re-election at the upcoming shareholders’ meeting, as a significant shareholder he will continue to be an important voice and valued supporter of the company’s long-term success. We thank him for his many contributions and wish him the very best in the years ahead.”

About Gyrodyne, LLC

Gyrodyne, LLC owns and manages a diversified portfolio of real estate properties comprising office, industrial and service-oriented properties in the New York metropolitan area. The Company owns a 63 acre site approximately 50 miles east of New York City on the north shore of Long Island, which includes industrial and office buildings and undeveloped property, and a medical office park in Cortlandt Manor, New York, both of which are the subject of plans to seek value-enhancing entitlements. The Company’s common shares are traded on the NASDAQ Stock Market under the symbol GYRO. Additional information about the Company may be found on its web site at www.gyrodyne.com.

Forward-Looking Statements

The statements made in this press release that are not historical facts constitute "forward-looking information" within the meaning of the Private Securities Litigation Reform Act of 1995, and Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, which can be identified by the use of forward-looking terminology such as "may," "will," "anticipates," "expects," "projects," "estimates," "believes," "seeks," "could," "should," or "continue," the negative thereof, other variations or comparable terminology as well as statements regarding the evaluation of strategic alternatives. Important factors, including certain risks and uncertainties, with respect to such forward-looking statements that could cause actual results to differ materially from those reflected in such forward-looking statements include, but are not limited to, risks and uncertainties generally relating to our efforts to enhance the values of our remaining properties and seek the orderly, strategic sale of such properties as soon as reasonably practicable, risks associated with the Article 78 Proceeding against the Company and any other litigation that may develop in connection with our efforts to enhance the value of and sell our properties, risks relating to our national marketing campaign led by JLL for the sale of our Flowerfield and Cortlandt Manor properties, risks associated with our purchase and sale agreement with B2K (and future purchase and sale agreements for our remaining properties that may be contingent on years-long regulatory contingencies) in light of our financial condition, community activism risk, proxy contests and other actions of activist shareholders, regulatory enforcement risk, risks inherent in the real estate markets of Suffolk and Westchester Counties in New York, the potential residual effects of the COVID-19 pandemic, lingering risks relating to the 2023 banking crisis and closure of two major banks (including one with whom we indirectly had a mortgage loan which the FDIC transferred in December 2023 to a new holder following the banks closure), ongoing inflation risk, ongoing interest rate uncertainty, recession uncertainty and supply chain constraints or disruptions, and other risks detailed from time to time in Gyrodyne’s SEC reports.

Contact:

Gary Fitlin
Chief Executive Officer
Gyrodyne, LLC
Phone: (631) 584-5400
[email protected]
https://www.gyrodyne.com  
2025-10-17 20:36 4mo ago
2025-10-17 16:20 4mo ago
Roche presents new phase III pivotal data for vamikibart in uveitic macular edema (UME), a serious cause of vision loss stocknewsapi
RHHBY
Vamikibart is the first non-steroid targeted therapy designed to address inflammation driving UME and may offer a potential new treatment option for patientsVision improvements were seen in both pivotal studies, achieving statistical significance in MEERKAT and nominal significance in SANDCATThe MEERKAT and SANDCAT trials are ongoing and the data will be discussed with health authorities globally Basel, 17 October 2025 - Roche (SIX: RO, ROG; OTCQX: RHHBY) announced today results from two phase III studies evaluating the efficacy and safety of two doses of investigational vamikibart (0.25 and 1 mg) compared with a sham procedure that mimics intravitreal (IVT) injections in people with uveitic macular edema (UME).1 UME is characterised by the buildup of fluid in the macula due to uveitis, an inflammatory condition of the eye, that can result in vision loss.2 Across both studies, the primary and secondary endpoint data support the potential for rapid improvements in vision and reductions in macular thickness  (swelling in the back of the eye due to retinal fluid) with vamikibart treatment.1 The data were presented at the American Academy of Ophthalmology annual meeting (AAO 2025) in Orlando, Florida, United States.

“The totality of data from these pivotal vamikibart studies represent an important step towards addressing a clear unmet need for people with uveitic macular edema,” said Levi Garraway, MD, PhD, Roche’s Chief Medical Officer and Head of Global Product Development. “UME is a major cause of vision loss and blindness in people of working age. We look forward to discussing the data for this potential first-in-class treatment with regulatory authorities.”

“UME is most commonly treated with steroids that, when injected in the eye, are associated with significant side effects such as increased pressure in the eye, which can lead to glaucoma and cataract formation,” said study investigator Eric Suhler MD, MPH, Professor of Ophthalmology at the Casey Eye Institute, Oregon Health & Science University, Portland, United States. “These data seen across multiple endpoints in both phase III studies, along with the overall low rate of treatment-related ocular adverse events, suggest that vamikibart could provide a clinically relevant, locally injectable non-steroid treatment option for people with UME.”

In both trials, a numerically higher proportion of patients treated with vamikibart gained vision, with primary endpoint data demonstrating statistically significant superiority over sham in MEERKAT, though not in SANDCAT.1 Consistently across both trials, key secondary endpoints showed rapid and clinically meaningful improvements in average change from baseline in best corrected visual acuity (BCVA), and average change from baseline in central subfield thickness (CST), a key measure of macular edema,  supporting the overall efficacy profile of vamikibart.1

The underlying variability of BCVA as an endpoint, along with variations in patient baseline characteristics and concomitant medications, may have influenced the differences in trial primary outcomes and further analyses are currently underway.1

Vamikibart was generally well tolerated in both studies, with a low incidence of treatment-related ocular adverse events (AEs) and intraocular inflammation (IOI) events, and no events of retinal occlusive vasculitis.1 The most common AEs (≥5%) in either trial in patients receiving vamikibart were conjunctival hemorrhage and raised intraocular pressure.1

Key data from the pivotal vamikibart phase III MEERKAT and SANDCAT studies:1

  MEERKAT (n=245) SANDCAT (n=256) Sham (n=80) 0.25 mg vamikibart (n=74) 1 mg vamikibart (n=78) Sham (n=82) 0.25 mg vamikibart (n=85) 1 mg vamikibart (n=86) Primary endpoint: proportion of patients with a 15 letter or more improvement from baseline in best corrected visual acuity (BCVA) at week 16 Difference compared with sham IVT injections - 19.9% (95% CI: 8.1, 31.4; P=0.0008) 36.9% (95% CI: 23.7, 48.5; P<0.0001) - 20.7% (95% CI: 7.6, 32.8; P=NS*) 10.9% (95% CI: -1.4, 22.6; P=0.0699) Secondary endpoint: average change from baseline in BCVA at week 16 Average BCVA change, letters +3.5 +9.6 (P=0.0002) +12.8 (P<0.0001) +5.0 +11.9
(P=NS) +9.2
(P=NS) Secondary endpoint: average change from baseline in central subfield thickness (CST) at week 16 Average CST change, µm −58.5 −187.5 (P<0.0001) −196.1 (P<0.0001) −43.5 −209.7 (P=NS) −194.7
(P=NS) Tolerability: incidence of treatment-related ocular AEs and IOI events Proportion of patients experiencing one or more treatment-related ocular AEs 0% 4.1% 1.3% 3.7% 4.7% 3.5% Proportion of patients experiencing one or more IOI events 0% 4.1% 1.3% 1.2% 3.5% 1.2% *NS = Nominally Significant

About the MEERKAT and SANDCAT studies
MEERKAT and SANDCAT are identical phase III, global, parallel, multicentre, randomised, double-masked, sham comparator-controlled trials of intravitreal (IVT) vamikibart in uveitic macular edema (UME).1,3,4 In both trials, patients were randomised and received treatment every four weeks with either 0.25 mg vamikibart, 1 mg vamikibart or sham IVT injection, for up to 16 weeks.1,3,4 The primary endpoint of both phase III trials was the proportion of participants with a 15 letter or more improvement from baseline in best corrected visual acuity (BCVA) at week 16.1,3,4 Key secondary endpoints included the average change from baseline in BCVA and CST at week 16.1,3,4 The safety of vamikibart was assessed through adverse events (AEs) such as treatment related ocular AEs, intraocular inflammation (IOI) and retinal occlusive vasculitis.1,3,4 The studies included participants with and without prior IVT treatment history and included patients with history of raised IOP and glaucoma.1,3,4

About uveitic macular edema (UME)
UME is characterised by the buildup of fluid in the macula due to uveitis, an inflammatory eye condition.2 Although rare compared to other eye diseases, UME has a disproportionate impact on vision loss and blindness globally.2,5-10 It is the leading cause of moderate and severe vision loss in people with uveitis, and the most frequent sight threatening complication in uveitis.7-12 Uveitis accounts for 10% to 20% of blindness in the United States and Europe, and up to 25% of blindness in the developing world.13 UME has a significant negative impact on people's quality of life, including physical and mental health, social functioning, and visual function for day-to-day activities such as driving and reading.12,14,15 Steroids, the current standard of care for UME, are associated with significant serious side effects such as increased pressure in the eye, glaucoma and cataracts, and have recognised efficacy limitations.16-21

About vamikibart
Vamikibart is an investigational monoclonal antibody that has been specifically engineered for IVT administration.1,22 It targets interleukin-6 (IL-6), a key cytokine in the inflammatory pathway in UME.1,22 In the phase I DOVETAIL study, vamikibart provided rapid vision improvements and resolution of macular edema in people with UME.1,22 Vamikibart was also well tolerated, with no treatment-related serious adverse events reported.22 Based on the promising phase I DOVETAIL data, Roche initiated the two identical phase III vamikibart studies MEERKAT and SANDCAT. Vamikibart is being investigated in retinal diseases with recognised inflammatory pathways, including in people with UME. Vamikibart has orphan drug designation in the United States and European Union.

About Roche in Ophthalmology
Roche is focused on saving people’s eyesight from the leading causes of vision loss through pioneering therapies. Through our innovation in the scientific discovery of new potential drug targets, personalised healthcare, molecular engineering, biomarkers and continuous drug delivery, we strive to design the right therapies for the right patients.

We have the broadest retina pipeline in ophthalmology, which is led by science and informed by insights from people with eye diseases. Our pipeline includes innovative treatments across different modalities, such as antibodies, and gene and cell therapies targeting multiple vision-threatening conditions, including retinal vascular and diabetic eye diseases, geographic atrophy, and autoimmune conditions, such as thyroid eye disease and uveitic macular edema.

Applying our extensive experience, we have already brought breakthrough ophthalmic treatments to people living with vision loss. Susvimo® (previously called Port Delivery System with ranibizumab) 100 mg/mL for intravitreal use via ocular implant is the first United States Food and Drug Administration-approved refillable eye implant for neovascular age-related macular degeneration (nAMD) that continuously delivers a customised formulation of ranibizumab over a period of months. Vabysmo® (faricimab) is the first bispecific antibody approved for the eye, which targets and inhibits two signalling pathways linked to a number of vision-threatening retinal conditions by neutralising angiopoietin-2 and vascular endothelial growth factor-A. Vabysmo is approved around the world for people living with nAMD, diabetic macular edema (DME) and macular edema following retinal vein occlusion (RVO). Lucentis® (ranibizumab injection) was the first treatment approved to improve vision in people with certain retinal conditions.

About Roche
Founded in 1896 in Basel, Switzerland, as one of the first industrial manufacturers of branded medicines, Roche has grown into the world’s largest biotechnology company and the global leader in in-vitro diagnostics. The company pursues scientific excellence to discover and develop medicines and diagnostics for improving and saving the lives of people around the world. We are a pioneer in personalised healthcare and want to further transform how healthcare is delivered to have an even greater impact. To provide the best care for each person we partner with many stakeholders and combine our strengths in Diagnostics and Pharma with data insights from the clinical practice.

For over 125 years, sustainability has been an integral part of Roche’s business. As a science-driven company, our greatest contribution to society is developing innovative medicines and diagnostics that help people live healthier lives. Roche is committed to the Science Based Targets initiative and the Sustainable Markets Initiative to achieve net zero by 2045.

Genentech, in the United States, is a wholly owned member of the Roche Group. Roche is the majority shareholder in Chugai Pharmaceutical, Japan.

For more information, please visit www.roche.com.

All trademarks used or mentioned in this release are protected by law.

References
[1] Khurana RN, et al. Efficacy and Safety of Vamikibart in Patients With Uveitic Macular Edema: First Report of Phase 3 MEERKAT/SANDCAT Trials. Presented at: the American Academy of Ophthalmology annual meeting (AAO 2025); 2025 October 17; Orlando, Florida, United States.
[2] Massa H, Pipis SY, Adewoyin T, Vergados A, Patra S, Panos GD. Macular edema associated with non-infectious uveitis: pathophysiology, etiology, prevalence, impact and management challenges. OPTH. 2019;Volume 13:1761-1777. doi:10.2147/OPTH.S180580
[3] Hoffmann-La Roche. A Phase III, Multicenter, Randomized, Double-Masked, Sham-Controlled Study to Investigate the Efficacy, Safety, Pharmacokinetics and Pharmacodynamics of Vamikibart Administered Intravitreally in Patients With Uveitic Macular Edema. clinicaltrials.gov; 2025. Accessed October 9, 2025. https://clinicaltrials.gov/study/NCT05642312
[4] Hoffmann-La Roche. A Phase III, Multicenter, Randomized, Double-Masked, Sham-Controlled Study to Investigate the Efficacy, Safety, Pharmacokinetics and Pharmacodynamics of Vamikibart Administered Intravitreally in Patients With Uveitic Macular Edema. clinicaltrials.gov; 2025. Accessed October 9, 2025. https://clinicaltrials.gov/study/NCT05642325
[5] Teper SJ. Update on the Management of Uveitic Macular Edema. J Clin Med. 2021;10(18):4133. doi:10.3390/jcm10184133
[6] Fardeau C, Champion E, Massamba N, LeHoang P. Uveitic macular edema. Eye. 2016;30(10):1277-1292. doi:10.1038/eye.2016.115
[7] Smith JR, Thorne JE, Flaxel CJ, et al. Treatment of Noninfectious Uveitic Macular Edema with Periocular and Intraocular Corticosteroid Therapies: A Report by the American Academy of Ophthalmology. Ophthalmology. 2024;131(9):1107-1120. doi:10.1016/j.ophtha.2024.02.019
[8] Sood G, Patel BC. Uveitic Macular Edema. In: StatPearls. StatPearls Publishing; 2025. Accessed September 11, 2025. http://www.ncbi.nlm.nih.gov/books/NBK562158/
[9] Tomkins-Netzer O, Lightman SL, Burke AE, et al. Seven-Year Outcomes of Uveitic Macular Edema: The Multicenter Uveitis Steroid Treatment Trial and Follow-up Study Results. Ophthalmology. 2021;128(5):719-728. doi:10.1016/j.ophtha.2020.08.035
[10] Matas J, Llorenç V, Fonollosa A, et al. Systemic Regulatory T Cells and IL-6 as Prognostic Factors for Anatomical Improvement of Uveitic Macular Edema. Front Immunol. 2020;11. doi:10.3389/fimmu.2020.579005
[11] Tomkins-Netzer O, Talat L, Bar A, et al. Long-Term Clinical Outcome and Causes of Vision Loss in Patients with Uveitis. Ophthalmology. 2014;121(12):2387-2392. doi:10.1016/j.ophtha.2014.07.007
[12] Tallouzi MO, Moore DJ, Bucknall N, et al. Outcomes important to patients with non-infectious posterior segment-involving uveitis: a qualitative study. BMJ Open Ophth. 2020;5(1). doi:10.1136/bmjophth-2020-00048
[13] Cunningham ET, Zierhut M. Vision Loss in Uveitis. Ocular Immunology and Inflammation. 2021;29(6):1037-1039. doi:10.1080/09273948.2021.2017152
[14] Tomkins-Netzer O, Lightman S, Drye L, et al. Outcome of Treatment of Uveitic Macular Edema: The Multicenter Uveitis Steroid Treatment Trial 2-Year Results. Ophthalmology. 2015;122(11):2351-2359. doi:10.1016/j.ophtha.2015.07.036
[15] Frick KD, Drye LT, Kempen JH, et al. Associations among Visual Acuity and Vision- and Health-Related Quality of Life among Patients in the Multicenter Uveitis Steroid Treatment Trial. Invest Ophthalmol Vis Sci. 2012;53(3):1169. doi:10.1167/iovs.11-8259
[16] Rosenbaum JT, Bodaghi B, Couto C, et al. New observations and emerging ideas in diagnosis and management of non-infectious uveitis: A review. Semin Arthritis Rheum. 2019;49(3):438-445. doi:10.1016/j.semarthrit.2019.06.004
[17] Leandro L, Beare N, Bhan K, et al. Systemic corticosteroid use in UK Uveitis practice: results from the ocular inflammation steroid toxicity risk (OSTRICH) study. Eye. 2021;35(12):3342-3349. doi:10.1038/s41433-020-01336-6
[18] Nguyen QD, Hatef E, Kayen B, et al. A Cross-sectional Study of the Current Treatment Patterns in Noninfectious Uveitis among Specialists in the United States. Ophthalmology. 2011;118(1):184-190. doi:10.1016/j.ophtha.2010.03.029
[19] Fini ME, Schwartz SG, Gao X, et al. Steroid-induced ocular hypertension/glaucoma: Focus on pharmacogenomics and implications for precision medicine. Prog Retin Eye Res. 2017;56:58-83. doi:10.1016/j.preteyeres.2016.09.003
[20] Sen HN, Vitale S, Gangaputra SS, et al. Periocular Corticosteroid Injections in Uveitis: Effects and Complications. Ophthalmology. 2014;121(11):2275-2286. doi:10.1016/j.ophtha.2014.05.021
[21] Rice JB, White AG, Scarpati LM, Wan G, Nelson WW. Long-term Systemic Corticosteroid Exposure: A Systematic Literature Review. Clinical Therapeutics. 2017;39(11):2216-2229. doi:10.1016/j.clinthera.2017.09.011
[22] Sharma S, Suhler E, Lin P, et al. A novel intravitreal anti-IL-6 monoclonal antibody for uveitic macular edema (UME): preliminary results from the phase 1 DOVETAIL study. Invest Ophthalmol Vis Sci. 2023;64(8):5100.

Roche Global Media Relations
Phone: +41 61 688 8888 / e-mail: [email protected]

Hans Trees, PhD
Phone: +41 79 407 72 58 Sileia Urech
Phone: +41 79 935 81 48 Nathalie Altermatt
Phone: +41 79 771 05 25 Lorena Corfas
Phone: +41 79 568 24 95 Simon Goldsborough
Phone: +44 797 32 72 915 Karsten Kleine
Phone: +41 79 461 86 83 Kirti Pandey
Phone: +49 172 6367262 Yvette Petillon
Phone: +41 79 961 92 50 Dr Rebekka Schnell
Phone: +41 79 205 27 03   Roche Investor Relations

Dr Bruno Eschli
Phone: +41 61 68-75284
e-mail: [email protected] Dr Sabine Borngräber
Phone: +41 61 68-88027
E-mail: [email protected] Dr Birgit Masjost
Phone: +41 61 68-84814
e-mail: [email protected]   Investor Relations North America

Loren Kalm
Phone: +1 650 225 3217
e-mail: [email protected]  

Media & Investor Release Vamikibart AAO English
2025-10-17 20:36 4mo ago
2025-10-17 16:23 4mo ago
Apple's in good shape this quarter but concerns come with AI era, says Intelligent Alpha's Clinton stocknewsapi
AAPL
Doug Clinton, Deepwater Asset Management, joins 'Closing Bell' to discuss the recent move in Apple's stock ahead of earnings season, why capital expenditure expectations are too low for these two companies and much more.
2025-10-17 20:36 4mo ago
2025-10-17 16:24 4mo ago
SKK HOLDINGS LIMITED ANNOUNCES RECEIPT OF NASDAQ EXTENSION OF COMPLIANCE PERIOD REGARDING MINIMUM PRICE DEFICIENCY stocknewsapi
SKK
SINGAPORE, Oct. 17, 2025 (GLOBE NEWSWIRE) -- SKK Holdings Limited (“SKK” or the “Company”) (Nasdaq: SKK), a civil engineering service provider that specializes in subsurface utility works in Singapore, previously announced that it received a notification letter from The Nasdaq Stock Market LLC (“Nasdaq”) on April 14, 2025, notifying the Company that based on the closing bid price of the Company for the period from February 28, 2025 to April 11, 2025, the Company did not meet the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share. The letter provided that the Company had 180 days to comply with this requirement and may be eligible for another 180 day extension. The Company was not able to meet the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2) to maintain a minimum bid price of $1 per share by October 13, 2025, which was the end of the 180-day compliance period.

Today the Company announced that it received a letter from Nasdaq dated October 14, 2025, notifying the Company that it is eligible for an additional 180-day extension, or until April 13, 2026, to regain compliance. The shares will continue to trade uninterrupted under the symbol “SKK” through the 180-day extension.

The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement within the current 180-day extension period. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement.

About SKK Holdings Limited

SKK Holdings Limited is a civil engineering service provider that specializes in subsurface utility works in Singapore. We seek to plan, construct and maintain various public works and infrastructure projects that serve the society and the environment. We have over 10 years of experience in providing civil engineering services to our customers in Singapore in numerous public utility projects, including but not limited to power and telecommunication cable laying works, water pipeline works and sewer rehabilitation works.

Safe Harbor Statement

This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors,” may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.

SKK Holdings Limited Contacts:

Sunny Soon
Chief Financial Officer
Telephone +65 6334 3831
[email protected]

Phaik Shya Koay
Financial Controller
Telephone +65 6334 3831
[email protected] 
2025-10-17 20:36 4mo ago
2025-10-17 16:26 4mo ago
3 Price Catalysts For Eli Lilly stocknewsapi
LLY
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 LLY 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.
2025-10-17 20:36 4mo ago
2025-10-17 16:26 4mo ago
Fifth Third Bancorp (FITB) Q3 2025 Earnings Call Transcript stocknewsapi
FITB
Q3: 2025-10-17 Earnings SummaryEPS of $0.93 beats by $0.06

 |

Revenue of

$2.31B

(7.86% Y/Y)

beats by $13.85M

Fifth Third Bancorp (NASDAQ:FITB) Q3 2025 Earnings Call October 17, 2025 9:00 AM EDT

Company Participants

Matt Curoe - Senior Director of Investor Relations
Timothy Spence - Chairman, CEO & President
Bryan Preston - Executive VP & CFO
Greg Schroeck - Executive VP & Chief Credit Officer of Fifth Third Bank, National Association

Conference Call Participants

Gerard Cassidy - RBC Capital Markets, Research Division
Ebrahim Poonawala - BofA Securities, Research Division
Robert Siefers - Piper Sandler & Co., Research Division
Manan Gosalia - Morgan Stanley, Research Division
Kenneth Usdin - Bernstein Autonomous LLP
Sean Culhane - Keefe, Bruyette, & Woods, Inc., Research Division
Michael Mayo - Wells Fargo Securities, LLC, Research Division
Peter Winter - D.A. Davidson & Co., Research Division
L. Erika Penala - UBS Investment Bank, Research Division

Presentation

Operator

Thank you for standing by, and welcome to the Fifth Third Bancorp's Third Quarter 2025 Earnings Conference Call. [Operator Instructions] I'd now like to turn the call over to Matt Curoe, Senior Director of Investor Relations. You may begin.

Matt Curoe
Senior Director of Investor Relations

Good morning, everyone. Welcome to Fifth Third's Third Quarter 2025 Earnings Call. This morning, our Chairman, CEO and President, Tim Spence; and CFO, Bryan Preston will provide an overview of our third quarter results and outlook. Our Chief Credit Officer, Greg Schroeck, has also joined for the Q&A portion of the call.

Please review the cautionary statements in our materials, which can be found in our earnings release and presentation. These materials contain information regarding the use of non-GAAP measures and reconciliations to the GAAP results as well as forward-looking statements about Fifth Third's performance. These statements speak only as of October 17, 2025, and Fifth Third undertakes no obligation to update them.

Following prepared remarks by Tim and Bryan, we will open up the call for questions. With that, let me turn it

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Sky Harbour Group Corporation to Present at the LD Micro Main Event XIX stocknewsapi
SKYH
Presentation on Tuesday, October 21st at 9:00 am PT
October 17, 2025 4:27 PM EDT | Source: LD Micro
White Plains, New York--(Newsfile Corp. - October 17, 2025) - Sky Harbour Group Corporation (NYSE: SKYH) and LD Micro announced today that Sky Harbour will be presenting at the 19th annual Main Event on Tuesday, October 21st at 9:00 am PT at the Hotel del Coronado in San Diego, California. Andreas Frank, Assistant Treasurer will be giving the presentation.

"The Main Event is a culmination of over 25 years of hard work and passion for small company investing. There is no organization on planet Earth that cares more about small companies succeeding than LD. To be able to connect with our community in one of the most beautiful settings imaginable brings me considerable joy. We look forward to welcoming all of our patrons and ensuring that they have a wonderful time," stated Chris Lahiji, Founder of LD Micro.

Sky Harbour will also participate in a series of 1x1 investor meetings at the conference. For more information and to register for available meeting slots please visit www.ldmicro.com.

Event: LD Micro Main Event XIX
Date: Tuesday, October 21st
Time: 9:00 am

Register to watch the virtual presentation here.

Summary of LD Micro Main Event XIX

The 2025 LD Micro Main Event XIX will run from October 19th to the 21st at the Hotel del Coronado in San Diego, California.

The first day will consist of registration, keynote speakers, and some gorgeous views of the Pacific. It will be followed by two full days of company presentations and one-on-one investor meetings concluded with a closing reception.

This three-day event will feature around 120 companies, presenting in half-hour increments, and attending private meetings with investors.

About Sky Harbour Group Corporation

Sky Harbour Group Corporation is an aviation infrastructure company developing the first nationwide network of Home-Basing campuses for business aircraft. The company develops, leases, and manages general aviation hangar campuses across the United States. Sky Harbour's Home-Basing offering aims to provide private and corporate residents with the best physical infrastructure in business aviation, coupled with dedicated service, tailored specifically to based aircraft, offering the shortest time to wheels-up in business aviation. To learn more, visit www.skyharbour.group.

About LD Micro

LD Micro is dedicated to being the definitive resource in the small-cap space. From its industry-recognized index and robust data to hosting some of the most influential events each year, LD Micro's mission is to provide unparalleled access and insight for those seeking the next generation of great companies.

To learn more about LD Micro, visit:
http://www.ldmicro.com

To learn more about Freedom US Markets LLC, visit:
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To present or register, please contact [email protected].

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270917
2025-10-17 20:36 4mo ago
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RGRD LLP Announces a Class Action Lawsuit Has Been Filed Against Baxter International, Inc. (BAX), Encourages Investors and Potential Witnesses to Contact Firm stocknewsapi
BAX
SAN DIEGO, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Baxter International, Inc. (NYSE: BAX) common stock between February 23, 2022 and July 30, 2025, inclusive (the “Class Period”), have until December 15, 2025 to seek appointment as lead plaintiff of the Baxter class action lawsuit. Captioned Electrical Workers Pension Fund, Local 103, I.B.E.W. v. Baxter International, Inc., No. 25-cv-12672 (N.D. Ill.), the Baxter class action lawsuit charges Baxter and certain of Baxter’s top current and former executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Baxter class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-baxter-international-class-action-lawsuit-bax.html

You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].

CASE ALLEGATIONS: Baxter, through its subsidiaries, provides a portfolio of healthcare products.

The Baxter class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Baxter’s Novum IQ Large Volume Pump (“Novum LVP”) suffered systemic defects that caused widespread malfunctions, including underinfusion, overinfusion, and complete non-delivery of fluids, which exposed patients to risks of serious injury or death; (ii) Baxter was notified of multiple device malfunctions, injuries, and deaths from these defects; (iii) Baxter’s attempts to address these defects through customer alerts were inadequate remedial measures, when design flaws persisted and continued to cause serious harm to patients; and (iv) as a result, there was a heightened risk that customers would be instructed to take existing Novum LVPs out of service and that Baxter would completely pause all new sales of these pumps.

The Baxter class action lawsuit further alleges that on July 31, 2025, Baxter announced that it had decided to “voluntarily and temporarily pause shipments and planned installations of the Novum LVP” and that it was “unable to currently commit to an exact timing for resuming shipment and installation for Novum IQ LVPs.” Defendants further stated that they had offered “customers the option of our Spectrum infusion pump as an alternative” and that Baxter’s low-end guidance assumes that Baxter does not resume shipments for Novum LVPs before the end of the year, according to the complaint. The Baxter class action lawsuit alleges that on this news, the price of Baxter common stock fell more than 22%.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Baxter common stock during the Class Period to seek appointment as lead plaintiff in the Baxter class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Baxter class action lawsuit. The lead plaintiff can select a firm of its choice to litigate the Baxter class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Baxter class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five firms combined, according to ISS. With 200 attorneys in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes. 
Services may be performed by attorneys in any of our offices. 

Contact:
        Robbins Geller Rudman & Dowd LLP
        J.C. Sanchez, Jennifer N. Caringal
        655 W. Broadway, Suite 1900, San Diego, CA 92101
        800-449-4900
        [email protected]
2025-10-17 20:36 4mo ago
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Rosen Law Firm Encourages Freeport-McMoRan Inc. Investors to Inquire About Securities Class Action Investigation - NYSE: FCX stocknewsapi
FCX
, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Freeport-McMoRan Inc. (NYSE: FCX) resulting from allegations that Freeport may have issued materially misleading business information to the investing public.

So What: If you purchased Freeport 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=45553 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 September 24, 2025, Freeport issued a press release entitled "Freeport Provides Update on PT Freeport Indonesia Operations." It stated that Freeport "announced today an update on the status of the previously reported mud rush incident at the Grasberg Block Cave mine (GBC) in Indonesia. On September 20, 2025, PT Freeport Indonesia (PTFI) located two team members who were regrettably fatally injured in the September 8th incident."

On this news, Freeport stock fell by 16.95% on September 24, 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
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

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Rivalry Closes Second Tranche of Private Placement stocknewsapi
RVLCF
October 17, 2025 16:30 ET

 | Source:

Rivalry Corp.

TORONTO, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for digital-first players, today announces that it has closed the second tranche of its non-brokered private placement (the “Private Placement”) previously announced on September 29, 2025. The Company issued 27,600,000 units (“Units”) at a price of C$0.05 per Unit, for gross proceeds of C$1,380,000. Each Unit consists of one (1) subordinate voting share in the capital of the Company (each, a "SV Share") and one (1) SV Share purchase warrant (each, a "Warrant"). Each Warrant is exercisable into one (1) SV Share (each, a "Warrant Share") at a price of C$0.10 per Warrant Share until October 8, 2027. The SV Shares, Warrants and Warrant Shares are subject to a four-month statutory hold period, in accordance with applicable securities legislation. The Company intends to use the proceeds from the Private Placement for corporate development and general working capital purposes.

The Company expects to complete (i) additional closings of up to 55,200,000 Units, including the remainder of the securities pursuant to its previously announced initial subscription agreement with a strategic family office, and (ii) its previously announced debt restructuring pursuant to a debt settlement agreement entered into between the Company and its senior lender, on or prior to October 24, 2025.

About Rivalry

Rivalry Corp. wholly owns and operates Rivalry Limited, a leading sport betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry Limited has held an Isle of Man license since 2018, considered one of the premier online gambling jurisdictions, as well as an internet gaming registration in Ontario, and is currently in the process of obtaining additional country licenses. With world class creative execution and brand positioning in online culture, a native crypto token, and demonstrated market leadership among digital-first users, Rivalry is shaping the future of online gambling for a generation born on the internet.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 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 press release.

Company Contact:
Steven Salz, Co-founder & CEO
[email protected]

Investor Contact:
[email protected]

Cautionary Note Regarding Forward-Looking Information and Statements

This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements in this news release include, but are not limited to, statements with respect to the timing and/or completion of the Private Placement and debt restructuring.

Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations and the Company’s ability to operate as a going concern; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s management’s discussion and analysis for the year ended December 31, 2024 under the heading “Risk Factors”, and other disclosure documents available on the Company’s SEDAR+ profile at www.sedarplus.ca.

No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

Source: Rivalry Corp.
2025-10-17 20:36 4mo ago
2025-10-17 16:30 4mo ago
ROSEN, TRUSTED NATIONAL TRIAL COUNSEL, Encourages RCI Hospitality Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – RICK stocknewsapi
RICK
NEW YORK, Oct. 17, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of RCI Hospitality Holdings, Inc. (NASDAQ: RICK) between December 15, 2021 and September 16, 2025, both dates inclusive (the “Class Period”), of the important November 20, 2025 lead plaintiff deadline in the securities class action first filed by the Firm.

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

WHAT TO DO NEXT: To join the RCI Hospitality class action, go to https://rosenlegal.com/submit-form/?case_id=44953 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 20, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) defendants engaged in tax fraud; (2) defendants committed bribery to cover up the fact that they committed tax fraud; (3) as a result, defendants understated the legal risk facing RCI Hospitality; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the RCI Hospitality class action, go to https://rosenlegal.com/submit-form/?case_id=44953 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

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

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com
2025-10-17 20:36 4mo ago
2025-10-17 16:30 4mo ago
Onex Canada Asset Management Inc. Announces Termination of Onex Global Equity Fund stocknewsapi
ONEXF
October 17, 2025 16:30 ET

 | Source:

Onex Canada Asset Management Inc.

TORONTO, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Onex Canada Asset Management Inc. (the “Manager”) today announced it intends to terminate Onex Global Equity Fund (formerly, Onex International Fund) (the “Fund”) on or about December 29, 2025.

The Fund will be closed to purchases by new and existing investors effective as of the close of business today. Unitholders of the Fund can redeem their units until the close of business on December 24, 2025, the business day prior to the termination date, in accordance with the procedures set out in the simplified prospectus.

A notice will be mailed to unitholders of the Fund at least 60 days prior to the termination date.

On or before the termination date, the Manager will liquidate the assets of the Fund and, after paying or making adequate provision for the liabilities of the Fund, distribute the cash proceeds (including any final income or capital gains) on a pro rata basis to the Fund’s unitholders of record on the termination date. In anticipation of the termination, the Fund may make distributions to its unitholders prior to the termination date.

About Onex Canada Asset Management Inc.

Onex Canada Asset Management Inc. is a subsidiary of Onex Corporation (TSX: ONEX) and offers access to differentiated investment platforms including public mutual funds and a range of private investment strategies and opportunities. For more information, please visit https://www.onex.com/onex-private-wealth.

CONTACT INFORMATION:

Please email: [email protected] with a copy to [email protected] for questions about the termination.
2025-10-17 20:36 4mo ago
2025-10-17 16:31 4mo ago
BancFirst (BANF) Misses Q3 Earnings Estimates stocknewsapi
BANF
BancFirst (BANF - Free Report) came out with quarterly earnings of $1.85 per share, missing the Zacks Consensus Estimate of $1.87 per share. This compares to earnings of $1.75 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -1.07%. A quarter ago, it was expected that this Oklahoma financial services holding company would post earnings of $1.67 per share when it actually produced earnings of $1.85, delivering a surprise of +10.78%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

BancFirst, which belongs to the Zacks Banks - Southwest industry, posted revenues of $175.48 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.20%. This compares to year-ago revenues of $163.67 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

BancFirst shares have lost about 2.1% since the beginning of the year versus the S&P 500's gain of 12.7%.

What's Next for BancFirst?While BancFirst has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for BancFirst was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.79 on $173.1 million in revenues for the coming quarter and $7.21 on $680.6 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, GBank Financial Holdings Inc. (GBFH - Free Report) , is yet to report results for the quarter ended September 2025.

This company is expected to post quarterly earnings of $0.44 per share in its upcoming report, which represents a year-over-year change of +18.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

GBank Financial Holdings Inc.'s revenues are expected to be $19.9 million, up 23.5% from the year-ago quarter.
2025-10-17 20:36 4mo ago
2025-10-17 16:34 4mo ago
Cardiol Therapeutics Secures US$11 Million Financing and Extends Cash Runway into Q3 2027 stocknewsapi
CRDL
October 17, 2025 4:34 PM EDT | Source: Cardiol Therapeutics Inc.
MAVERIC Phase III pivotal trial of orphan drug candidate CardiolRx™ in recurrent pericarditis is fully funded through to a planned New Drug Application submission with the FDA.

New data from the ARCHER trial, highlighting the magnitude of reduction in left ventricular (LV) mass and the read through to heart failure, to be presented at a cardiology conference in November 2025.

Next-generation therapy CRD-38 for heart failure funded through to clinical development, with partnership discussions advancing with leading pharmaceutical companies.

Toronto, Ontario--(Newsfile Corp. - October 17, 2025) - Cardiol Therapeutics Inc. (NASDAQ: CRDL) (TSX: CRDL) ("Cardiol" or the "Company"), a clinical-stage life sciences company advancing late-stage, anti-inflammatory and anti-fibrotic therapies for heart disease, today announced the successful completion of a private placement offering (the "Offering") of units ("Units") for net proceeds of US$11 million. The initial closing of US$10 million has been completed, with the remaining US$1 million to close on Monday, October 20, 2025.

"As recruitment in our pivotal Phase III MAVERIC trial gains momentum, with several prominent centers across the U.S. now enrolling patients, we are pleased to have secured a direct investment of US$11 million to strengthen our balance sheet and accelerate the development of our novel heart failure drug, CRD-38, based on the recently reported findings from our ARCHER trial," said David Elsley, President and CEO of Cardiol Therapeutics. "Topline results from our ARCHER trial demonstrated a significant reduction in LV mass-marking the first evidence of structural and remodeling improvement in patients with myocarditis. This landmark finding represents our second clinical validation in inflammatory heart disease and establishes a key translational link to data published earlier this year in the Journal of the American College of Cardiology, which demonstrated the beneficial effects of the active pharmaceutical ingredient or API in CardiolRx on cardiac structure, inflammation, and fibrosis in a model of heart failure. The ARCHER findings support pursuing an additional Orphan Drug Designation for CardiolRx in myocarditis and advancing the development of our next-generation CRD-38 formulation, which delivers the same API via subcutaneous administration, to target the broader heart failure market. Notably, blockbuster drugs that reduce LV mass have been shown to lower heart failure-related death and hospitalization, underscoring the clinical potential of Cardiol's differentiated anti-inflammatory mechanism to address a large unmet need in heart failure, where five-year mortality rates still exceed 50%."

Under the Offering, the Company sold a total of 11 million Units at a price of US$1.00 per Unit. Each Unit consists of one Class A common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant. Each whole warrant entitles the holder to acquire one additional Common Share at an exercise price of US$1.35 for a period of 24 months from the date of issuance. The warrants include an acceleration provision, allowing the Company to advance their expiry to the 30th day following the issuance of a news release if the daily volume-weighted average trading price of the Common Shares exceeds US$2.00 for five consecutive trading days. Proceeds from the Offering provide cash resources that are anticipated to support operations into the third quarter of 2027.

The securities have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the "United States" or "U.S. persons" (as such terms are used in Regulation S under the U.S. Securities Act), absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or in compliance with an exemption therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Certain insiders of the Company participated in the Offering. Such participation is considered to be a "related-party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related-party participation in the Offering as the fair market value (as determined under MI 61-101) of the subject matter of, and the fair market value of the consideration for, the transaction, insofar as it involved interested parties, did not exceed 25% of the Company's market capitalization (as determined under MI 61-101).

About Cardiol Therapeutics

Cardiol Therapeutics Inc. (NASDAQ: CRDL) (TSX: CRDL) is a clinical-stage life sciences company advancing late-stage, anti-inflammatory and anti-fibrotic therapies for heart disease. The Company's lead small molecule drug candidate, CardiolRx™, modulates inflammasome pathway activation, an intracellular process known to play an important role in the development and progression of inflammation and fibrosis associated with pericarditis, myocarditis, and heart failure.

The MAVERIC Program in recurrent pericarditis, an inflammatory disease of the pericardium which is associated with symptoms including debilitating chest pain, shortness of breath, and fatigue, and results in physical limitations, reduced quality of life, emergency department visits, and hospitalizations, comprises the completed Phase II MAvERIC-Pilot study (NCT05494788) and the ongoing pivotal Phase III MAVERIC trial (NCT06708299). The U.S. FDA has granted Orphan Drug Designation to CardiolRx™ for the treatment of pericarditis, which includes recurrent pericarditis.

The ARCHER Program (NCT05180240) comprises the completed Phase II study in acute myocarditis, an important cause of acute and fulminant heart failure in young adults and a leading cause of sudden cardiac death in people less than 35 years of age.

Cardiol is also developing CRD-38, a novel subcutaneously administered drug formulation intended for use in heart failure-a leading cause of death and hospitalization in the developed world, with associated healthcare costs in the United States exceeding US$30 billion annually.

For more information about Cardiol Therapeutics, please visit cardiolrx.com.

Cautionary statement regarding forward-looking information:

This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events, or developments that Cardiol believes, expects, or anticipates will, may, could, or might occur in the future are "forward-looking information". Forward-looking information contained herein may include, but is not limited to statements regarding the Company's focus on developing anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease, the Company's intended clinical studies and trial activities and timelines associated with such activities, including the Company's plan to complete the Phase III study in recurrent pericarditis with CardiolRx™, the Company's plan to advance the development of CRD-38, a novel subcutaneous formulation intended for use in heart failure, the Company's presentation and publication of the comprehensive ARCHER trial data, the Company's belief that results from the ARCHER trial provide compelling clinical proof of concept for CardiolRx™ and strongly support advancing the clinical development of CardiolRx™ and CRD-38 for the treatment of inflammatory cardiac disorders including cardiomyopathies, heart failure, and myocarditis, and statements regarding the expected length and scope of funding for the Company's development plans as a result of the Offering. Forward-looking information contained herein reflects the current expectations or beliefs of Cardiol based on information currently available to it and is based on certain assumptions and is also subject to a variety of known and unknown risks and uncertainties and other factors that could cause the actual events or results to differ materially from any future results, performance or achievements expressed or implied by the forward looking information, and are not (and should not be considered to be) guarantees of future performance. These risks and uncertainties and other factors include the risks and uncertainties referred to in the Company's Annual Information Form filed with the Canadian securities administrators and U.S. Securities and Exchange Commission on March 31, 2025, available on SEDAR+ at sedarplus.ca and EDGAR at sec.gov, as well as the risks and uncertainties associated with product commercialization and clinical studies. These assumptions, risks, uncertainties, and other factors should be considered carefully, and investors should not place undue reliance on the forward-looking information, and such information may not be appropriate for other purposes. Any forward-looking information speaks only as of the date of this press release and, except as may be required by applicable securities laws, Cardiol disclaims any intent or obligation to update or revise such forward-looking information, whether as a result of new information, future events, or results, or otherwise. Investors are cautioned not to rely on these forward-looking statements.

For further information, please contact:
Trevor Burns, Investor Relations +1-289-910-0855
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270946
2025-10-17 20:36 4mo ago
2025-10-17 16:34 4mo ago
AbbVie: "Strong Buy" On Rinvoq Expansions And Immunology Pipeline Addition stocknewsapi
ABBV
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 20:36 4mo ago
2025-10-17 16:35 4mo ago
Rackspace Technology to Announce Third Quarter 2025 Earnings on November 6th, 2025 stocknewsapi
RXT
SAN ANTONIO, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT) a leading end-to-end hybrid cloud and AI solutions company, today announced that it will release its third quarter 2025 financial results after the market closes on Thursday, November 6th, 2025. Gajen Kandiah, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (November 6, 2025) at 5:00 PM ET to discuss the Company’s financial results.

Interested parties may access the conference call as follows:

To listen to the live webcast or access the replay following the webcast, please visit our IR website at the following link: https://ir.rackspace.com/news-and-events/events-and-presentations.

To obtain a dial-in number, please pre-register at the following link: 

Rackspace 3Q25 Earnings Webcast

Registrants will receive dial-in information and a PIN allowing them to access the live call.

About Rackspace Technology
Rackspace Technology is a leading end-to-end hybrid cloud and AI solutions company. We can design, build, and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.

Investor Relations Contact: Sagar Hebbar, [email protected]
Media Contact: Cheryl Amerine, [email protected]
2025-10-17 19:36 4mo ago
2025-10-17 14:41 4mo ago
Ethereum Treasury Set to Grow as Huobi Founder Leads $1B Initiative cryptonews
ETH
TLDR

Table of Contents

TLDRLi Lin’s Ethereum Treasury Initiative Gains $1 Billion BackingNew Firm May Become Fourth-Largest Ethereum HolderEthereum Treasury Growth Offers Bullish Outlook Amid Decline

Huobi founder Li Lin is launching a $1 billion Ethereum treasury firm, backed by major Asian investors.
The planned firm will acquire and hold Ethereum as its core reserve asset to boost long-term institutional demand.
Avenir Capital has committed $200 million while Asian institutional investors have added another $500 million.
The group is in talks to acquire a Nasdaq-listed shell company to establish the Ethereum treasury firm.
This new firm could become the fourth-largest public holder of Ethereum based on its planned reserve.

Li Lin, founder of crypto exchange Huobi, plans to launch a $1 billion Ethereum treasury firm with key Asian investors. The initiative aims to acquire and hold Ethereum in large quantities, creating renewed demand amid the current downtrend. Backed by substantial institutional capital, the project is expected to have a significant impact on Ethereum holdings globally.

Li Lin’s Ethereum Treasury Initiative Gains $1 Billion Backing
Huobi founder Li Lin is establishing a $1 billion Ethereum treasury firm, backed by key investors from the crypto industry. His investment firm, Avenir Capital, committed $200 million while Asian institutions added $500 million to the fund. The firm will aim to hold Ethereum as its core reserve asset, signaling strong long-term commitment.

The group includes Fenbushi Capital co-founder Shen Bo and HashKey Group CEO Xiao Feng, both early supporters of Ethereum. According to Bloomberg, the team is acquiring a Nasdaq-listed shell company to establish the Ethereum treasury firm. A public announcement is expected to arrive within two to three weeks.

This Ethereum treasury will mirror other major firms holding ETH, joining a select group with large-scale on-chain reserves. Such firms include Tom Lee’s BitMEX and Joseph Lubin’s ConsenSys, already known for their Ethereum holdings. These strategic reserves demonstrate growing institutional belief in Ethereum’s long-term value.

New Firm May Become Fourth-Largest Ethereum Holder
Li Lin’s firm could become the fourth-largest public Ethereum holder if it secures $1 billion worth of ETH for its treasury. Current Strategic ETH Reserve data shows 70 companies hold 5.90 million ETH, or 5% of the supply. The new Ethereum treasury firm would hold more than most existing firms.

BitMine recently added $400 million in ETH, reinforcing confidence despite the market decline. BlackRock also increased its ETH position, even as other ETFs saw outflows. This steady accumulation underlines a broader strategic shift toward Ethereum treasury positioning.

Li’s initiative could reshape the Ethereum landscape by setting a new benchmark for corporate ETH holdings. The fund’s scale may influence both pricing and market sentiment. Therefore, its establishment marks a critical development in Ethereum treasury expansion.

Ethereum Treasury Growth Offers Bullish Outlook Amid Decline
The Ethereum treasury space is expanding while ETH remains below $4,000 during the current market pullback. Despite ETH’s 2% drop, institutions are increasing their Ethereum reserves. This ongoing accumulation supports confidence in Ethereum’s future potential.

Strategic Ethereum treasuries act as a hedge and long-term growth strategy for companies. With growing interest, the Ethereum treasury model is becoming a preferred option among institutional investors. Larger treasuries could stabilize ETH prices and increase liquidity.

Ethereum treasury growth signals positive momentum, despite the broader crypto market facing downward pressure. This trend could help ETH recover in the near term. Li Lin’s Ethereum treasury firm may catalyze renewed investor interest.
2025-10-17 19:36 4mo ago
2025-10-17 14:43 4mo ago
Bitcoin's Support Around $102,000 is Critical as Price Reversal Still Possible: Analyst cryptonews
BTC
Bitcoin is currently under free fall as short-term bears have completely overwhelmed the market and are looking increasingly menacing. The largest cryptocurrency by market capitalization is currently trading around the $105k support level, but it may not hold for long.
2025-10-17 19:36 4mo ago
2025-10-17 14:44 4mo ago
Investors Unveil Ambitious $1 Billion Ethereum Treasury Initiative cryptonews
ETH
In an audacious move set to reshape the cryptocurrency landscape, a consortium of Asia's most influential Ethereum investors is gearing up to establish a $1 billion Ethereum treasury firm. This bold initiative, announced on October 17, 2025, aims to consolidate significant Ethereum assets under one roof, thereby enhancing liquidity and stability in the ever-volatile crypto market.
2025-10-17 19:36 4mo ago
2025-10-17 14:46 4mo ago
WLFI price eyes $0.10 as market structure remains bearish, why price can distribute further. cryptonews
WLFI
WLFI price continues in a bearish structure, with price action likely to extend lower toward the $0.10 support before any meaningful bullish rotation can develop.

Summary

WLF continues forming lower highs and lower lows.
$0.10 Fibonacci support is the next major target.
Reclaim and hold above $0.10 could trigger a bounce toward $0.19.

World Liberty Financial (WLFI) remains entrenched in a bearish market structure, with consecutive lower highs and lower lows defining its current trajectory. Despite brief relief rallies, price action continues to favor sellers, indicating that the downtrend remains intact.

The next critical level to watch lies near $0.10, where the 0.618 Fibonacci retracement level aligns with a potential high time frame support zone.

WLFI price key technical points

Bearish Market Structure: WLF continues to print lower highs and lower lows, confirming sustained downside momentum.
Key Support Zone: The 0.618 Fibonacci level at $0.10 acts as the next major support and potential pivot point.
Upside Objective: Holding the $0.10 region could enable a rebound toward the $0.19 high-timeframe resistance.

WLFI/USDT (4H) Chart, Source: TradingView
From a technical standpoint, the structure of World Liberty Financial remains clearly bearish. The asset has been unable to establish any convincing reversal pattern as the series of aggressive sell-offs persists. The market continues to distribute lower, forming successive lower highs while failing to reclaim any significant resistance levels on daily closes.

The $0.10 region, which aligns with the 0.618 Fibonacci retracement level, now stands as the next significant support. This area will likely determine whether a short-term base can form. For any reversal scenario to materialize, WLFI must test this level, attract sustained bullish volume inflows, and print a higher low on the lower time frames. Without this confirmation, the market structure will continue to lean bearish.

The broader outlook for WLFI suggests the market is still in the distribution phase, with momentum favoring the downside. The current price action sits in what can be described as “no-man’s-land,” between confirmed resistance and untested support. Until price reaches $0.10 and shows signs of stabilization, traders should expect continued volatility and potential weakness.

A structural break in the bearish pattern, supported by strong bullish engulfing candles and increasing volume, would be required to validate any shift in trend. If $0.10 holds and accumulation begins, a rotational move toward the $0.19 resistance becomes possible. However, failure to defend $0.10 would expose WLFI to deeper downside risk and potential continuation of the current downtrend.

What to expect in the coming price action
For now, World Liberty Financial remains bearish across all major time frames. Price action is expected to gravitate toward the $0.10 support zone as the next key test. Traders should watch for volume confirmation and structural stability at this level.

A successful defense of this zone could mark the start of an accumulation phase and potential recovery toward $0.19.
2025-10-17 19:36 4mo ago
2025-10-17 14:47 4mo ago
U.S. Bitcoin Act Could Unlock $1.5 Trillion From Gold Conversion cryptonews
BTC
TLDR:

The Lummis Bitcoin Act could convert gold certificates into Bitcoin, injecting up to $1.5 trillion into U.S. reserves.
The Treasury may reprice gold from $42.22 to $4200 per ounce to fund Bitcoin purchases worth $90–200 billion yearly.
The Federal Reserve’s gold revaluation would create an internal cash credit for Bitcoin acquisitions without selling gold.
The plan proposes the U.S. to accumulate 200,000 BTC annually through OTC purchases for 20 years.

The proposed Lummis Bitcoin Act of 2025 could mark one of the largest financial realignments in modern U.S. history. The draft outlines how gold certificates held by the Federal Reserve could be repriced and partially converted into Bitcoin. 

Supporters say the move would strengthen national reserves while maintaining balance sheet integrity. If enacted, it would create a pathway for the Treasury to build a long-term Bitcoin position without expanding the money supply. 

The framework aims to connect legacy gold assets to a modern digital reserve model.

Treasury May Reprice Gold to Fund Bitcoin Reserves
According to MartyParty on X, the draft details how the Treasury and Federal Reserve could coordinate the conversion. 

Within 90 days of the law’s passage, the Fed would tender its existing gold certificates, currently valued at $42.22 per ounce, to the Treasury Secretary. These would then be reissued at current market rates, estimated around $4,200 per ounce as of mid-October 2025.

This revaluation would produce a cash difference of roughly $1.5 trillion on paper. Rather than selling physical gold, the Fed would internally transfer this credit to the Treasury’s general fund. The process allows the government to generate liquidity without triggering inflationary pressure or disrupting gold markets. The Treasury could then allocate between $90 and $200 billion annually toward Bitcoin accumulation.

Analysts observing the draft say this approach balances financial modernization with operational caution. It enables gradual Bitcoin exposure without abrupt policy or market shocks.

From the Lummis Bitcoin Act of 2025

Step-by-Step Process for the US to Reprice and Convert Gold Certificates to Bitcoin

Here's how it could work legally and operationally, based on the BITCOIN Act draft and related analyses:

Tender Existing Certificates: Within 90 days of…

— MartyParty (@martypartymusic) October 17, 2025

U.S. Plans Gradual Bitcoin Purchases Under New Act
The Lummis proposal reportedly sets out a controlled accumulation model. The Treasury would acquire around 200,000 Bitcoin annually through over-the-counter trades or regulated exchanges. This structure helps avoid large market swings or price distortions.

Acquired Bitcoin would be stored in secure, decentralized vaults distributed across several U.S. states. These holdings would be locked for at least two decades and could only be liquidated in declared national emergencies. The setup creates a strategic reserve similar to traditional gold storage but adapted for a digital era.

The draft suggests that such an initiative could anchor Bitcoin as a core U.S. reserve asset over time. While still in early stages, the Act represents a potential turning point for how national assets are diversified and secured.
2025-10-17 19:36 4mo ago
2025-10-17 14:48 4mo ago
Bitcoin Navigates Volatility Amid Whale Selling and Macro Concerns cryptonews
BTC
Bitcoin traded near the $110,000 support level on Thursday after experiencing notable volatility driven by large whale activity and a surge in put option demand. Following a roughly 12% decline from last week's record highs, the cryptocurrency appears to be balancing between short-term risk and long-term structural demand.
2025-10-17 19:36 4mo ago
2025-10-17 14:50 4mo ago
Gold is More Likely to Hit $1 Million than Bitcoin: Peter Schiff cryptonews
BTC
Well-known gold bug and financial commentator Peter Schiff tweeted earlier today that Gold is more likely to reach $1 million per ounce than Bitcoin itself. He went further and predicted that a massive bear market is going to sweep the digital currency market, and traders will have to bear immense losses along the way.

Schiff is known for his pro-Gold and anti-Bitcoin views. He has been a staunch BTC critic for the better part of the last 8 years and favors precious metals, especially Gold, over the top digital currency. 

Peter Schiff Makes Bitcoin Bear Market Prediction
Schiff was on a tweeting spree earlier today as he tried to create further Fear, Uncertainty, and Doubt (FUD) around crypto following another spectacular crash. He started off with this tweet:

“Gold is more likely to hit $1 million than Bitcoin.”

“The losses that are about to hit the crypto industry will be staggering. Expect a wave of bankruptcies, defaults, and layoffs as the sector is decimated by the imminent Bitcoin and Ether crash, which will obliterate the rest of the altcoin market. There is systemic risk as well.”

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And finally summing it up by posting:

“The Bitcoin bear market continues this morning, with Bitcoin now down 34% versus gold since it hit its record high in August. If you think this bear market is nearing its end, think again!”

Here is the Bitcoin/Gold price action during the last 12 months:

Image Source: TradingView
Bitcoin vs Gold Debate
The Bitcoin-Gold debate has been raging around for the better part of the last decade. Gold has been around for millennia, making its place in world economics and proving its worth. In contrast, Bitcoin is a recent challenger that has hit the ground running and is now valued at trillions of dollars on its own.

Gold, especially, was important throughout history as it was the de facto reserve currency of the world for the better part of the last 2500 years. All paper money was basically a promise to pay the equivalent amount of the yellow metal. 

However, it all ended back in 1971 when the US, led by President Richard Nixon, ended the gold standard. Gold has since witnessed considerable appreciation against the USD and other regional paper/fiat currencies and has maintained its strong position. 

Bitcoin has only had a historical presence of 16 years, but it has been essential in its own right. The digital asset is an “energy currency” that focuses on blockchain technology to deliver borderless, self-custody-based transactional capacity. Some countries now hold Bitcoin as part of their national strategic reserves, just like Gold itself, so Bitcoin is certainly catching up. 

Schiff’s Previous Hiccups
Schiff has taken Gold’s side for years and has made several damning tweets like the ones from earlier today, especially when the digital currency is on the defensive. He has been proven wrong on many occasions. 

For example, just a few years ago, he tweeted:

“Keep Dreaming. Bitcoin is never going to hit $100,000”.

The Twitterati were quick to remind him of his past hot takes that do not tend to age well. Because of the extraordinary ability and time-tested nature of both Bitcoin and Gold, the two assets are likely to have a place in the future. Bitcoin is currently the smaller of the two commodities, commanding a market cap of $2.14 trillion, while Gold has surpassed $30 trillion.