Dell's AI server backlog keeps shattering records, analysts keep raising targets, and the stock has already done things few expected. Here is the specific math behind whether shares can reach a level Wall Street still calls ambitious.
Dell Technologies (NYSE:DELL | DELL Price Prediction) has rebuilt itself around the AI factory. Some customer projects now require “upwards of 50 unique designs” to tune performance, power and cooling.
More than 6,500 customers now buy Dell AI Factory, and 3,300 of them arrived in the last three quarters. The stock has followed. Shares are up 360.32% year-to-date and 1,086.46% over five years. Let’s look at what Dell needs to do to hit $800 per share in 2027.
Wall Street Keeps Chasing Dell’s Earnings Higher
The average analyst target of $585.96 implies just 2% upside from $574.12. That conservative target trails the estimates behind it. Analysts expected $18.3732 in fiscal 2027 EPS 90 days ago. Today the figure is $25.8976, with zero down revisions over 30 days.
Dell has also beaten EPS estimates for 4 consecutive quarters, including a 43.69% beat last quarter. If that streak holds, actual results should keep coming in above forecasts.
Here’s What It Takes for Dell to Reach $800
At today’s price, Dell trades at about 23x the fiscal 2028 consensus of $24.6637. At $800, that multiple rises to roughly 32x. Measured against the high estimate of $30.19, it would be about 26x. Management already guides for fiscal 2027 non-GAAP EPS of $25.50, up 148%.
What Could Push Dell to $800?
Record backlog: AI orders hit $60.9 billion last quarter, and backlog reached $95 billion.
Growth beyond AI: Vice Chairman and COO Jeff Clarke noted “traditional servers and networking up 122%, storage up 26% and our client solutions up 20%.” New 18G servers can replace 12 to 14 servers.
Operating leverage: Operating expenses near 8% of revenue would be the lowest in Dell’s 42-year history.
Huge runway: Management expects AI to represent 75% of data-center demand by 2030 and sees an opportunity above $1 trillion.
Capital returns: Dell returned a record $4.3 billion to shareholders last quarter.
Dell’s 2026 Run Shows $800 Is Within Reach
Reaching $800 requires a 39% gain. Dell has already cleared much bigger hurdles. Shares traded at $116.09 in February and reached $563.29 by mid-September. Over the past year, the stock has gained 253.42%.
Hurdles remain. Supply is tight, with management citing “DRAM, DRAM, DRAM, followed by NAND, NAND, NAND.” Free cash flow fell 47.22% to $986 million last quarter.
$800 Is a Stretch, but Dell Has the Ingredients
Hitting $800 would require roughly 39% upside in 2027. Estimates keep climbing, the beat streak is intact and the $95 billion backlog gives Dell unusual visibility. If supply improves and enterprise AI keeps expanding, a low-30s multiple is within reach.
Dell is one piece of the broader AI expansion (we covered seven other suppliers powering, cooling, and networking the data centers in a free report). Returns at this level shouldn’t be expected every year, but we’ve outlined the plan for how Dell could see outsized returns in 2027.
Contact [email protected] for any questions or corrections.
Company expects strong multi-year growth as global AI infrastructure buildout fuels demand for leading-edge foundry-logic, DRAM and advanced packaging – areas where Applied has built market leadershipExpects wafer fab equipment (WFE) spending to grow faster through 2030 than over the past decade; targets more than 2 percentage points of WFE share gain from calendar 2025 to 2030Targets higher profitability through 2030 with non-GAAP gross margin target of approximately 54 percent and non-GAAP operating margin target of approximately 40 percentCommitted to distribute 80 to 100 percent of free cash flow to shareholders over time SAN FRANCISCO, Oct. 13, 2026 (GLOBE NEWSWIRE) -- At its 2026 SEMICON West Investor Breakfast Presentation held today, Applied Materials, Inc. presented its longer-term growth expectations and outlined how its leadership in materials engineering positions the company to outperform the wafer fab equipment (WFE) market over the coming years.
“The global buildout of AI infrastructure is driving a new era of growth for wafer fab equipment,” said Gary Dickerson, President and CEO of Applied Materials. “Applied Materials has built leadership in the fastest growing areas of the market that have the greatest impact on AI computing performance, power efficiency and cost, and our advanced services offerings enable chipmakers to increase yield and fab output. Our industry-leading capabilities position Applied for continued growth and outperformance in the years ahead.”
The race for AI computing leadership requires tremendous technology innovation and capacity expansion to support infrastructure scaling, which is fueling sustained WFE investments – bigger than any of the industry’s past growth drivers. The growth and diversity of AI applications from generative to agentic and physical AI require increasing amounts of silicon. Applied expects leading-edge foundry-logic, DRAM and advanced packaging to drive around 75 percent of WFE growth from 2025-2030. Applied has strong number-one process equipment positions in all three areas and is targeting to gain more than 2 percentage points of WFE market share from calendar 2025 to 2030.
To support the industry’s capacity expansion, Applied is utilizing its unique eBeam technology and advanced service solutions to help chipmakers accelerate the ramp of new process nodes and optimize yield, output and cost in high-volume manufacturing. With the industry’s highest resolution and fastest imaging capabilities, Applied’s eBeam equipment portfolio is expected to generate $2 billion in revenue in calendar year 2026. The company is expecting service revenue to grow more than 20 percent this calendar year and to exceed $12 billion in revenue by calendar year 2030, representing a mid-teens compound annual growth rate.
“For the past 10 years, Applied Materials has been making strategic investments to build the industry’s most enabling portfolio for AI computing,” said Brice Hill, Senior Vice President and CFO. “As AI drives wafer fab equipment growth, we are focused on further increasing profitability and operating leverage while investing in R&D programs that will fuel our outperformance into the future.”
Based on the company’s expectations for semiconductor industry growth, Applied is investing to more than double its R&D lab and manufacturing capacity from current levels by 2030. The company yesterday unveiled its new Equipment and Process Innovation and Commercialization (EPIC) Center in Silicon Valley, the world’s largest facility dedicated to collaborative semiconductor process technology and manufacturing equipment R&D. To date, Applied has announced 15 EPIC Center partnerships with leading chipmakers, systems companies, equipment partners and universities. Applied has also recently expanded its manufacturing infrastructure in Austin, Texas, Singapore and Treviso, Italy.
Non-GAAP Financial Measures
Forward-looking non-GAAP gross margin and non-GAAP operating margin targets for 2030 assume non-GAAP adjustments as applicable for future periods, which we are unable to predict without unreasonable efforts due to their inherent uncertainty. Free cash flow is a non-GAAP measure and is defined as net cash provided by operating activities less capital expenditures. Management uses non-GAAP financial measures to evaluate the company’s operating and financial performance and for planning purposes, and as performance measures in its executive compensation program. Applied believes these measures enhance an overall understanding of its performance and investors’ ability to review the company’s business from the same perspective as the company’s management, and facilitate comparisons of results with prior periods on a consistent basis by excluding items that management does not believe are indicative of Applied’s ongoing operating performance. There are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles, may be different from non-GAAP financial measures used by other companies, and may exclude certain items that may have a material impact upon our reported financial results.
Forward-Looking Statements
This press release contains forward-looking statements, including those regarding anticipated growth and trends in our businesses and markets, industry outlooks and demand drivers, technology transitions, our business and financial performance and market share positions, our capital allocation and cash deployment strategies, our investment and growth strategies, our development of new products and technologies, the plans and expectations for the EPIC Center, our business outlook, expectations for our financial performance for calendar year 2026, our business and financial targets for 2030, and other statements that are not historical facts. These statements and their underlying assumptions are subject to risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those expressed or implied by such statements include, without limitation: the level of demand for our products; global economic, political and industry conditions, including changes in interest rates and prices for goods and services; global trade issues, changes in trade and export regulations, license requirements, and their interpretation, and our ability to obtain licenses or authorizations on a timely basis, if at all; changes in tariffs, any retaliatory measures, and our ability to mitigate the impact of tariffs; the effects of geopolitical turmoil or conflicts; demand for semiconductor chips and electronic devices; customers’ technology and capacity requirements; the introduction of new and innovative technologies, and the timing of technology transitions; our ability to develop, deliver and support new products and technologies; our ability to meet customer demand, and our suppliers' ability to meet our demand requirements; the concentrated nature of our customer base; our ability to expand our current markets, increase market share and develop new markets; market acceptance of existing and newly developed products; our ability to obtain and protect intellectual property rights in key technologies; cybersecurity incidents affecting us or our suppliers, customers or vendors; our ability to achieve the objectives of operational and strategic initiatives, align our resources and cost structure with business conditions, and attract, motivate and retain key employees; acquisitions, investments and divestitures; changes in income tax laws; the variability of operating expenses and results among products and segments, and our ability to accurately forecast future results, market conditions, customer requirements and business needs; our ability to ensure compliance with applicable law, rules and regulations; and other risks and uncertainties described in our filings with the Securities and Exchange Commission, including our most recent Forms 10-K, 10-Q and 8-K. All forward-looking statements are based on management’s current estimates, projections and assumptions, and we assume no obligation to update them.
About Applied Materials
Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions that are at the foundation of virtually every new semiconductor and advanced display in the world. The technology we create is essential to advancing AI and accelerating the commercialization of next-generation chips. At Applied, we push the boundaries of science and engineering to deliver material innovation that changes the world. Learn more at www.appliedmaterials.com.
Contact:
Ricky Gradwohl (editorial/media) 408.235.4676
Mike Sullivan (financial community) 408.986.7977
ZetaChain a Verona zahájily průzkum zaměřený na to, jaké informace by si AI měla pamatovat. Zapojí se také komunita Anuma, v níž od února vzniklo více než 320 000 účtů.
TL;DR: ZetaChain and Verona are running the first study of what people want AI to remember, and what it should never keep. More than 300,000 people have joined Anuma, each with a private AI memory. Verona proves facts about you without exposing the data. The survey takes five minutes: take it here.
ZetaChain is building the Private Memory Layer for AI: user-controlled memory, identity, permissions, and payments that work across AI models, apps, and agents. We believe what your AI knows about you should belong to you, with keys only you hold.
Today, we're excited to announce a research partnership with Verona, the intelligence layer for AI used by 150+ brands including Uber and Nike, and backed by $36M from Multicoin and Circle. Together we are running the first study of what people actually want AI to remember, starting with the more than 300,000 people who have joined Anuma since February. We are also exploring how verified context and private memory can work together in one product.
Memory versus verified contextZetaChain remembers what you tell it. Verona proves what's true about you.
Memory is what an AI keeps: encrypted, portable across models, and under your control. Verified context is what an AI can prove: a fact checked once at its source, with a proof you own that any agent you authorize can reuse without seeing the data.
An AI that remembers you is useful. An AI that can prove what it knows about you is trustworthy. Almost nobody is studying the gap between them.
300,000 people with private AI memoryAnuma launched in February. Since then, more than 320,000 accounts have been created, each one a self-custodial wallet, and Anuma users have made more than 1.3 million AI requests across 38 models spanning chat, image, and video. The live numbers are published openly on ZetaChain Research.
Every one of those accounts has an encrypted memory vault that only the user's key opens. We cannot read it, and neither can the model providers. Your writing style, preferences, projects, and files follow you from one model to the next without starting over, and you decide what stays. Since late September that same memory also powers Nearby, which introduces Anuma users to people near them worth meeting. What an AI remembers now shapes who you meet, not only what it answers.
Why VeronaVerona makes user-verified data portable, private, and programmable. Its Truth Engine uses zero-knowledge proofs across websites, email, passports, and apps to turn a claim into a provable fact that the user owns through a Meta Account and any agent they authorize can reuse. Verify once, reuse everywhere, expose nothing.
More than 150 brands, including Uber and Nike, already build on it, and Verona is backed by $36M from investors including Multicoin and Circle.
Verona is the natural partner for this question because it sits on the other side of the line we want to study. We hold what an AI remembers. Verona holds what an AI can prove. The research asks whether people see that line at all, and where they want it drawn.
The research: What People Actually Want AI to RememberThe question is simple to ask and hard to answer. What do people want an AI to remember about them, and what should it never be allowed to keep? Underneath it sit the questions that decide whether AI memory is trusted: who decides, how you find out what is stored, and what happens when you revoke it. And now that an AI can introduce people to each other, a newer question sits beside them: what would you let an AI share about you to be discoverable, and what should it keep private?
The study covers six themes:
What people want AI to remember
What AI should never retain
Memory portability between models and apps
User visibility, permission, and revocation
The difference between remembered information and verified context
What people would let an AI use to introduce them to someone, and what stays private
We are asking Anuma users, Verona's community, and the broader AI user community. ZetaChain drafted the scope and questions from what we see in Anuma, and both teams reviewed them. Both teams will review the findings together and publish a report in November. Responses are anonymous and reported only in aggregate, and the full question set will be published with the report.
Take partThe survey is anonymous, needs no account, and takes about five minutes. It closes on October 27. Take it here: Take the survey.
Follow @ZetaChain and @verona_dev for the findings, and join the discussion on Discord.
What comes nextThe survey opens today and the report publishes in November, followed by an X Space with both teams and a series of data cards. We are also exploring how Verona's verified context and ZetaChain's private memory work together, so an agent can act on a fact about you without ever holding the data underneath.
About VeronaVerona is the intelligence layer for AI: a network where facts about the real world are proven once, owned by the user, and reusable by any agent they authorize, with the data underneath never exposed. Verona is used by 150+ brands including Uber and Nike and backed by $36M from investors including Multicoin and Circle. Learn more at verona.dev and in the Verona docs.
About ZetaChainZetaChain is building the application layer for private AI: user-controlled memory, identity, permissions, and payments that work across AI models, apps, and agents. Its first consumer product is Anuma, a private multi-model AI app with one memory across every model, joined by more than 300,000 people since February. The next phase is bringing that application layer to Solana and opening it to a broader ecosystem of AI apps and agents.
Follow ZetaChain on X (Twitter) and join the conversation on Discord and Telegram.
According to an official announcement, Starknet has launched Shadow Accounts, allowing users to participate in public DeFi activities via an independent, self-controlled address while keeping the link between this address and their main wallet confidential. Shadow Accounts are independent pseudonymous addresses on Starknet, funded by users’ protected STRK20 balances. The first integration will launch tomorrow. While the balance, transaction history, and application positions of Shadow Accounts remain publicly visible on-chain, STRK20 protects the connection between these accounts and users’ main wallets. This means users do not need to hide their DeFi activities themselves, while reducing the likelihood that external observers can trace those activities back to their main wallets.
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Applied Materials forecasts its services business revenue will grow by more than 20% by 2026, and top $12 billion by 2030.
Applied Materials (AMAT.O) said it targets a non-GAAP gross margin of 54% and operating margin of 40% by 2030. It projects its services business revenue will grow by over 20% in 2026, and exceed $12 billion by 2030. The company plans to expand its R&D labs and manufacturing capacity to more than double current levels by 2030, return 80% to 100% of its free cash flow to shareholders by 2030, and lift its wafer fabrication equipment (WFE) market share by more than 2 percentage points between 2025 and 2030.
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Chipotle ve 2. čtvrtletí 2026 zvýšilo srovnatelné tržby na všech evropských trzích o vyšší jednociferné procento a plánuje další expanzi v západní Evropě.
Key Takeaways Chipotle's European markets delivered high-single-digit comparable-sales growth in the second quarter of 2026.Aligning European operations with North American standards has improved Chipotle's restaurant economics.CMG plans to keep owning and operating Western European restaurants as it builds its development pipeline.
Chipotle Mexican Grill, Inc. (CMG - Free Report) is positioning Europe as an important avenue for international growth, supported by improving restaurant economics and stronger comparable sales. During the second quarter of 2026, each of the company's European markets delivered high-single-digit comparable-sales growth, reflecting the benefits of aligning regional operations with its established North American model.
The improvement follows a multiyear effort to align European restaurants with North American culinary operations and employee training standards. These initiatives have contributed to stronger restaurant performance, lifting unit economics to levels that management believes warrant additional investment. This operational progress provides a more favorable foundation for scaling the business across the region.
Chipotle is building its European development pipeline to support meaningful growth in the coming years. The company intends to continue owning and operating restaurants across Western Europe, retaining direct exposure to restaurant sales and operating performance as its footprint expands. This approach contrasts with its partner-operated strategy in markets such as Mexico, South Korea and the Middle East, where local partnerships facilitate development and market entry.
Chipotle's European strategy could support sustained revenue growth as stronger restaurant economics create opportunities for faster expansion in 2027 and beyond. Although maintaining restaurant productivity and operational consistency remains important, continued comparable-sales momentum and disciplined development could help translate additional restaurant openings into stronger revenue contributions over time.
CMG’s Price Performance, Valuation & EstimatesShares of Chipotle have declined 25.7% in the past year compared with the industry’s fall of 11.7%. In the same time frame, other industry players like Dutch Bros Inc. (BROS - Free Report) and McDonald's Corporation (MCD - Free Report) have lost 28.7% and 21.5%, respectively.
CMG One-Year Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, Chipotle trades at a forward price-to-sales (P/S) multiple of 2.73, below the industry’s average of 2.87. Conversely, industry players, such as Dutch Bros and McDonald's, have P/S multiples of 2.56 and 5.79, respectively.
CMG’s P/S Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for CMG’s 2027 earnings per share has remained unchanged in the past 30 days.
EPS Trend of CMG Stock
Image Source: Zacks Investment Research
The company’s earnings in 2027 are likely to increase 19.2% on a year-over-year basis. Conversely, industry players such as McDonald’s and Dutch Bros are likely to witness an increase of 6.6% and 30%, respectively, year over year in 2027 earnings.
CMG’s Zacks RankChipotle stock currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways PBF Energy shares surged 189.4% in a year, outperforming industry peers and the sub-industry's 137% return.PBF's Martinez refinery restart, stronger diesel margins and cost savings support its earnings recovery.PBF's 2026 earnings are projected to skyrocket 698%, while its 5.69X EV/EBITDA trails the industry's 6.25X. PBF Energy Inc. (PBF - Free Report) has delivered an impressive performance over the past year, with shares skyrocketing 189.4%. The stock comfortably outperformed Delek US Holdings, Inc. (DK - Free Report) and HF Sinclair Corporation (DINO - Free Report) , which have surged 123.7% and 133.9%, respectively. PBF also surpassed the sub-industry’s 137% return during the same period.
Image Source: Zacks Investment Research
The strong rally raises a key question: does PBF still offer an attractive buying opportunity? Before concluding, let us examine the company’s operating outlook, earnings prospects and valuation.
Can Stronger Refining Margins Offset Higher Oil Prices?Elevated crude oil prices, driven by Middle East conflicts and supply disruptions, present both challenges and opportunities for PBF. Per the U.S. Energy Information Administration (EIA), WTI crude prices are projected to average $88.21 per barrel in 2026, up from $65.40 in 2025. Since PBF Energy purchases crude oil to manufacture gasoline, diesel and other fuels, higher oil prices increase its feedstock costs.
However, refining profitability depends primarily on crack spreads, the difference between refined-product prices and crude oil costs, along with throughput, crude sourcing and operating expenses. Rising gasoline and diesel prices can support earnings when they increase sufficiently relative to input costs. PBF identifies favorable crack spreads and crude oil differentials as important drivers of refining margins.
The EIA expects tight distillate supplies to keep diesel crack spreads elevated through 2027, supporting PBF’s earnings. Capturing that opportunity will depend on reliable refinery operations and effective cost management.
Restored Operations Strengthen PBF’s Earnings PotentialPBF restarted the fire-affected units at its Martinez refinery in May 2026, restoring production of its full product slate. West Coast throughput increased to 269,900 barrels per day in the second quarter from 203,500 a year earlier. The recovery gives PBF greater operating capacity to capture favorable regional refining margins.
This improvement is particularly relevant in California, where the company estimated gasoline imports at 250,000 barrels per day, representing nearly one-third of demand. Such dependence on imported fuel reinforces the competitive importance of PBF’s operating California refineries when international product supplies are constrained.
Cost Improvements Provide Additional SupportPBF’s Refining Business Improvement initiative offers another potential earnings catalyst. The company reported a 20% reduction in purchased natural gas on a per-barrel, price-adjusted basis compared with the 2024 baseline. The company also expects $60 million in annual procurement savings through contract renegotiations and rebidding.
Lower energy consumption and purchasing costs could improve profitability per barrel and strengthen PBF’s competitiveness across refining cycles. Meanwhile, moving the scheduled fourth-quarter turnarounds at Toledo and Chalmette into 2027 preserves operating availability during late 2026. Martinez’s hydrocracker turnaround was scheduled to finish in October, while Paulsboro’s crude-unit turnaround remained planned for late fall.
Strong Earnings Growth Expected in 2026The Zacks Consensus Estimate for PBF’s 2026 earnings stands at $24.69 per share, indicating 698% whopping year-over-year growth. This projected improvement adds support to the company’s investment appeal as restored production and cost initiatives strengthen its earnings capacity.
PBF’s expected earnings growth also exceeds that of its peers. The Zacks Consensus Estimates for Delek and HF Sinclair indicate surges of 135.6% and 258.7%, respectively.
Image Source: Zacks Investment Research
PBF’s Valuation Remains AttractiveDespite its substantial share-price appreciation, PBF continues to trade at a discount to the industry and its peers. The stock carries a trailing 12-month enterprise value-to-earnings before interest, taxes, depreciation and amortization (EV/EBITDA) multiple of 5.69X, below the industry average of 6.25X.
HF Sinclair and Delek trade at trailing 12-month EV/EBITDA multiples of 6.67X and 6.13X, respectively. PBF’s lower multiple, combined with its projected earnings recovery, strengthens its relative valuation appeal.
Image Source: Zacks Investment Research
Should Investors Buy PBF Stock?PBF’s restored Martinez operations, ongoing cost improvements and exposure to potentially favorable diesel crack spreads support its earnings outlook. Although higher feedstock costs and refinery maintenance remain factors to watch, the company’s strong projected earnings growth and discounted valuation provide compelling reasons to consider the stock.
With these operating and valuation advantages, investors should consider buying PBF Energy, which currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Key Takeaways More than 175 emerging biotech companies have adopted Veeva Basics to streamline drug development operations.VEEV's pre-configured applications help smaller biotechs simplify clinical, regulatory and quality processes.Veeva Basics could drive recurring revenue growth as biotech customers expand operations & technology needs.
Veeva Systems (VEEV - Free Report) recently announced that more than 175 emerging biotechnology companies are using Veeva Basics to establish their technology infrastructure and streamline drug development operations. The growing adoption highlights the company’s efforts to expand its presence among early-stage biotechs.
From an investor’s perspective, increasing adoption among emerging biotechs could support Veeva Systems’ long-term growth by building customer relationships early and creating opportunities to expand as these companies advance toward commercialization. However, the financial impact will depend on continued customer adoption and the ability to convert this momentum into meaningful revenue growth.
Likely Trend of VEEV Stock Following the NewsFollowing the announcement on Sept. 30, shares of VEEV traded flat on Oct. 7. Year to date, shares of the company have gained 32.5% compared with the industry’s 19.1% growth. However, the S&P 500 has risen 13.8% in the same timeframe.
The growing adoption of Veeva Basics could strengthen Veeva Systems’ long-term growth prospects by helping it establish relationships with emerging biotechs early in their development cycles. As these companies advance clinical programs and move toward commercialization, they may require additional applications across regulatory, quality, clinical and commercial functions, creating opportunities for Veeva Systems to expand its customer relationships and recurring revenues.
The platform’s pre-configured applications may also lower adoption barriers for smaller biotechs, broadening Veeva Systems’ addressable market and reinforcing its position in the life sciences software industry. However, the long-term benefits will depend on customer retention, expansion opportunities and the pace at which these biotechs scale their operations.
VEEV currently has a market capitalization of $47.95 billion.
Image Source: Zacks Investment Research
Veeva Basics Streamlines Operations for Emerging BiotechsVeeva Basics is designed to help emerging biotechnology companies establish a technology infrastructure without the complexity and costs associated with building customized systems. Built on VEEV’s Vault Platform, the offering provides pre-configured and pre-validated applications across clinical, regulatory, quality, medical and commercial functions. According to the company, customers can implement these applications in weeks and expand their capabilities as the businesses grow.
This approach is particularly relevant for smaller biotechs with limited IT resources that need to maintain compliance while advancing drug development programs. Whitehawk Therapeutics, for instance, highlighted improvements in regulatory and quality processes after replacing paper-based workflows with Veeva Systems solutions, while Structure Therapeutics reported better quality control and faster regulatory timelines after bringing submission publishing in-house.
Regulatory Publishing Moves In-HouseA key development is the growing use of Veeva Submissions Publishing Basics, which enables biotech companies to prepare regulatory submissions and manage interactions with health authorities internally rather than relying entirely on external service providers. For companies preparing their first submissions to the FDA, the application is designed to improve visibility and control throughout the regulatory process.
Structure Therapeutics cited better quality control and faster regulatory timelines following the adoption of the solution. By helping smaller biotechs manage complex regulatory requirements more efficiently, VEEV is addressing an important operational challenge in drug development. The broader adoption of Veeva Basics could also create opportunities to deepen customer relationships as these companies expand their technology needs, although the announcement did not quantify the expected revenue contribution from the offering.
Industry Prospects Favoring the MarketPer a report by Grand View Research, the global healthcare CRM market size was valued at $21.5 billion in 2025 and is projected to grow from $23.3 billion in 2026 to $35.7 billion by 2033, at a CAGR of 6.2% from 2026 to 2033.
The rising demand for structured data and automation in healthcare organizations is expected to drive market growth.
Other NewsVEEV continues to strengthen its position in the life sciences software market as the Veeva DQS platform expands reach across clinical trials. The company said that the solution has now supported data cleaning across more than 1,000 studies involving over 1 million subjects, highlighting growing adoption of its clinical data management capabilities.
The expanding scale of Veeva DQS is encouraging as biopharma companies increasingly prioritize efficient data management amid rising clinical trial complexity.
VEEV’s Zacks Rank & Key PicksCurrently, VEEV has a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader medical space are Globus Medical (GMED - Free Report) , Veracyte (VCYT - Free Report) and West Pharmaceutical (WST - Free Report) .
Globus Medical, currently sporting a Zacks Rank #1 (Strong Buy), reported a second-quarter 2026 adjusted earnings per share (EPS) of $1.34, which surpassed the Zacks Consensus Estimate by 19.6%. Revenues of $789.6 million beat the Zacks Consensus Estimate by 0.4%. You can see the complete list of today’s Zacks #1 Rank stocks here.
GMED has an estimated long-term earnings growth rate of 12.4%. The company’s earnings beat estimates in each of the trailing four quarters, the average surprise being 27.9%.
Veracyte, currently flaunting a Zacks Rank #1, reported a second-quarter 2026 adjusted EPS of 54 cents, which surpassed the Zacks Consensus Estimate by 25.6%. Revenues of $150.3 million beat the Zacks Consensus Estimate by 4.1%.
VCYT has an estimated earnings growth rate of 8.4% for 2026. The company’s earnings beat estimates in each of the trailing four quarters, the average surprise being 41.8%.
West Pharmaceutical, carrying a Zacks Rank #2 (Buy) at present, reported second-quarter 2026 adjusted EPS of $2.37, which beat the Zacks Consensus Estimate by 13.9%. Revenues of $872.3 million surpassed the Zacks Consensus Estimate by 4.2%.
WST has an estimated long-term earnings growth rate of 16%. WST’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 17.4%.
Uniti Solutions uvedla pro zákazníky MSASE službu AI Security od Cato Networks, která má odhalovat neřízené využívání AI a bránit únikům citlivých dat.
LITTLE ROCK, Ark., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Uniti Solutions, the leading provider of telecom infrastructure solutions, has launched an “AI Security” offering, powered by Cato Networks, to help business customers combat a new landscape of cyber risks created internally by unsecured employee AI use.
AI is rapidly becoming part of everyday business operations, but much of its use remains difficult for organizations to govern. OpenAI reports that more than 2 million* business customers now use its tools, while Microsoft and LinkedIn found that 78%** of AI users bring their own AI tools to work.
While AI use creates opportunities for innovation and efficiency, it can also introduce new security threats that organizations cannot afford to ignore. This includes the practice of “Shadow AI,” which is the use of AI applications, models, or agents that have not been approved or governed by their organization’s IT and security teams. Unsecured activity can lead to employees leaking company data, as well as AI tools inadvertently exposing sensitive company information such as intellectual property (IP), source code, financial records, and customer information.
“Shadow AI is becoming one of the largest unmanaged risks in the modern enterprise. It’s already happening at scale, spreading faster than most IT teams can identify; it leads to new blind spots that traditional cybersecurity solutions can’t solve for,” said Mike Flannery, president of Uniti Solutions. “We’re committed to helping our customers stay ahead of today’s threats and tomorrow’s challenges. With Cato AI Security, we’re giving businesses access to advanced protection to help them embrace AI with greater confidence while strengthening their overall security posture.”
AI Security is designed to protect and govern AI interactions, from third-party AI usage and homegrown AI applications to autonomous agents. Cato’s cloud-native solution offers one platform with the complete range of functionality, so businesses can secure the AI they use, protect the AI applications they build, and control their AI agents operating across their network.
AI Security differs from traditional firewalls as it offers visibility into employee AI usage, oversees hundreds of AI tools, understands and inspects prompts and response entered into these tools, enforces real-time guardrails, and identifies and isolates data leaks. For Uniti customers, the service provides visibility into sanctioned and unsanctioned AI usage and enables security teams to apply real-time controls to AI interactions.
Capabilities include:
Discover Shadow AI functions: The tool can automatically inventory every sanctioned and unsanctioned AI app, model, and agent in use across all users and sites, internally.Analyze prompts: The tool can read the intent of prompts, responses, and actions in real time to catch sensitive data and risky behavior, beyond keywords.Enforce real-time guardrails: The tool can block misuse and redact sensitive data inline, so employees keep working and the organization’s data stays where it belongs. To keep up with AI's rapid advancements, AI Security offers businesses a way to reduce the risk of data exposure, improve their compliance posture, protect user IP, and encourage more responsible AI adoption among employees.
“AI adoption is expanding the enterprise attack surface and organizations cannot afford to let security lag behind,” said Lior Cohen, vice president, product management, Security and AI at Cato Networks. “Securing AI requires visibility into how agents and applications access and use enterprise data, control over AI usage, and defenses against AI-targeted threats and data exfiltration. These capabilities are essential to protecting sensitive information, reducing risk, and meeting evolving compliance requirements. Cato AI Security delivers the visibility, control, and protection organizations need today to adopt AI at scale with confidence and strengthen their defenses as threats evolve.”
AI Security is being offered as an add-on service for Uniti Solutions customers who use its Managed Secure Access Service Edge (MSASE) service, powered by the Cato SASE Platform.
Uniti Solutions was just named an “Advanced Partner” by Cato, joining fewer than 2% of Cato’s global partners to achieve this designation. Find more information on Uniti Solutions and AI Security here.
About Uniti Solutions
Uniti Solutions, a business unit of Uniti (NASDAQ: UNIT), delivers customized, cloud-enabled connectivity, communications and a full suite of managed connectivity, collaboration, and network security solutions reaching nearly 95% of business, state and local government and education customer locations in the U.S. Additional information about Uniti Solutions is available at solutions.uniti.com. Engage with us on LinkedIn.
VICI Properties snížila riziko refinancování emisí nezajištěných dluhopisů v objemu 1,75 mld. USD a do konce roku nemá žádný splatný dluh; poměr čistého dluhu k EBITDA činil 4,9×.
Key Takeaways VICI Properties' net debt-to-annualized adjusted EBITDA was 4.9x at June-end, below its 5-5.5x target.VICI refinanced 2026 maturities with $1.75B in August notes, leaving no debt due for the rest of the year.VICI had $2.5B in June-end liquidity after closing its $1.16B Golden Entertainment and $141M Gamehost deals. VICI Properties (VICI - Free Report) is expanding its gaming and experiential portfolio through acquisitions and long-term leases while keeping leverage manageable. As of June 30, 2026, total debt was $17.2 billion, while net debt stood at $16.9 billion. Its net debt-to-annualized adjusted EBITDA ratio was 4.9 times, below management’s long-term target of 5-5.5 times.
Liquidity provides another cushion. VICI ended the second quarter of 2026 with approximately $2.5 billion in available liquidity, including $288.1 million in cash and $2.2 billion in unused revolving credit capacity. The REIT also maintains investment-grade ratings of BBB- from S&P and Fitch, and Baa3 from Moody’s, supporting its access to unsecured debt markets.
VICI refinanced near-term obligations in August 2026. It issued $1.75 billion of senior unsecured notes, including $900 million of 5.4% due 2031 and $850 million of 5.75% due 2036. Proceeds were used to retire senior notes maturing in 2026, leaving no remaining debt maturities for the rest of the year.
The debt structure helps limit interest-rate risk. As of Sept. 8, 2026, 99% of outstanding debt had fixed rates, while 83% was unsecured, with a weighted-average maturity of 6.1 years. VICI also had $600 million in forward-starting interest-rate swaps at June-end to reduce uncertainty around borrowing costs associated with planned long-term debt issuance.
Meanwhile, the company continues to deploy capital. During the second quarter of 2026, VICI closed its $1.16 billion Golden Entertainment casino acquisition and its C$200.6 million (approximately US$141 million) Gamehost Portfolio acquisition in Alberta, Canada. It drew C$185 million from its revolving credit facility to help fund the latter transaction.
How Are GLPI and EPR Strengthening Its Financial FlexibilityGaming and Leisure Properties (GLPI - Free Report) has strengthened its financial flexibility through equity issuance and refinancing. Stable contractual rent collections and rising earnings support its capacity to fund its acquisitions and development pipeline without excessive borrowing. As of June 30, 2026, net debt to adjusted EBITDA stood at 4.8 times.
EPR Properties (EPR - Free Report) , an experiential REIT focused on entertainment and recreation assets, is enhancing its financial flexibility through refinancing and extended debt maturities. Its diversified portfolio and recurring rental income support debt servicing and future investments. As of June 30, 2026, pro forma net debt to annualized adjusted EBITDAre stood at 5.1 times.
VICI’s Price Performance, Valuation and EstimatesShares of VICI Properties have decreased 12.8% in the past three months, underperforming the broader industry and the S&P 500 Index.
Image Source: Zacks Investment Research
From a valuation standpoint, VICI trades at a forward price-to-earnings ratio of 9.21X, well below the industry’s 15.30X. It carries a Value Score of B.
Image Source: Zacks Investment Research
VICI’s estimates have increased a cent over the past month. The Zacks Consensus Estimate for full-year 2026 funds from operations (FFO) is pegged at $2.47 per share.
Image Source: Zacks Investment Research
VICI stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Blur 12. listopadu ukončí svůj web a zastaví poskytování nových NFT úvěrů přes Blend; on-chain tržiště zůstane funkční. Stávající dlužníci musí úvěry do té doby splatit, nebo je nechat přejít do prodlení.
Blur will shut down its website and halt new NFT loans on November 12, just ten days after sister project Blast announced its closure.
Blur to Shut Down Weeks After Blast Announces Closure
Once the dominant NFT marketplace on Ethereum, Blur is shutting down its website and NFT lending services just ten days after its sister project Blast announced its own closure.
What's the Scoop?
Blur Shutting Down: In an announcement Monday, Blur said it will retire its website on November 12, though its underlying NFT marketplace will remain operational onchain. The BLUR token will also retain control of the protocol's fee switch, which determines whether the marketplace can charge trading fees.
NFT Lending Ending: Blur's NFT lending platform, Blend, will stop matching new loans on November 12. Existing borrowers must repay their loans by then or allow them to default, with Blur promising a separate tool afterward to help users withdraw their remaining assets.
Trading Volume Collapses: Launched in 2022, Blur quickly overtook OpenSea, capturing over 70% of Ethereum NFT trading volume in March 2023, when it processed ~$1.43B in trades. By March 2026, that figure had fallen below $7M, a collapse of over 99.5%. Despite billions in trading volume, its zero-fee marketplace generated no trading-fee revenue.
Blast Shutdown: The news comes just ten days after the shutdown of Ethereum L2 Blast, also run by Blur's founder Pacman, citing operating costs exceeding revenue. The network, which once attracted over $2.3B in deposits, has given users until October 26 to withdraw through its regular interface.
David Christopher
733 posts
David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.
HYPE za uplynulých 24 hodin klesl téměř o 5 % na přibližně 81,20 USD, přestože Assistance Fund v rámci zpětných odkupů nakoupil více než 48 milionů tokenů za 1,36 miliardy USD.
HYPE price has fallen nearly 5% to around $81.20 over the past 24 hours despite Hyperliquid’s Assistance Fund having spent $1.36 billion buying more than 48 million tokens.
Summary
Hyperliquid’s Assistance Fund has purchased more than 48 million HYPE through its ongoing buyback program.
HYPE traded near $81.20, while 24-hour trading volume increased more than 59% to $931.56 million.
The daily chart places Supertrend support at $80.26, with MACD remaining below its signal line.
USDC reserve income has added nearly $14.58 million to the fund’s trading-fee-funded purchases.
Hyperliquid News reported on Oct. 13 that the Assistance Fund’s cumulative purchases had exceeded 48 million HYPE, acquired for approximately $1.36 billion. The tracker valued the accumulated tokens at about $3.95 billion at its reporting price.
THE ASSISTANCE FUND HAS BOUGHT 48,000,102.51 hyperliquid:native FOR $1,364,831,403.93, WITH A CURRENT VALUE OF $3,953,240,443.01. pic.twitter.com/npJwk4pue1
— Hyperliquid News (@HyperliquidNews) October 13, 2026
Against that buying activity, the market figures accompanying the update placed HYPE near $81.20, with a 24-hour trading range of $79.52 to $85.73. Trading volume reached approximately $931.56 million, increasing more than 59% over the same period.
On KuCoin’s daily HYPE/USDT chart, TradingView recorded a similar price of $81.197. The chart showed an Oct. 13 high of $83.410 and a low of $79.496, placing the token close to its green Supertrend line after retreating from its late-September peak.
HYPE price holds above $80.26 as momentum weakens
TradingView’s daily chart places the Supertrend indicator at $80.261, roughly $0.94 below the recorded price. Although the session’s low briefly crossed beneath the line, HYPE subsequently traded above it, leaving the indicator’s bullish signal in place.
HYPE price daily chart — Oct. 13 | Source: TradingView
Across the same chart, the candles show a decline from a late-September peak near $98 and a sequence of lower highs into October. The recorded price of $81.197 sits approximately 17% below that peak.
The daily MACD presents a weaker momentum reading. TradingView shows the MACD line at −0.674, below the signal line at 0.700, with the histogram at −1.373. The negative histogram and downward movement in both lines support a bearish reading of the daily momentum indicator.
Based on the visible daily price structure, a recovery toward $85 would first require HYPE to move above the session high of $83.41. Recent candles around $85 identify another potential resistance area, followed by trading clusters around $88–$90.
Further up the chart, previous highs place another resistance zone around $94–$98. Those levels come from earlier price activity rather than an analyst’s forecast.
On the downside, the chart places the closest support references at the $80.26 Supertrend line and the session low near $79.50. A daily close below both would weaken the bullish Supertrend setup, with September lows around $75–$77 providing the next visible price reference.
Hyperliquid buybacks draw funding from fees and USDC reserves
Hyperliquid’s official fee documentation states that the Assistance Fund automatically converts its share of trading fees into HYPE through the network’s execution system. The documentation also says HYPE held in the fund is burned, permanently removing those tokens from circulating and total supply.
Under the documented arrangement, fees support several community mechanisms, including the Assistance Fund, the Hyperliquidity Provider vault and market deployers. Hyperliquid allows spot and certain perpetual-market deployers to retain part of the fees generated by their markets.
As crypto.news previously reported, Hyperliquid activated its AQAv2 framework for USDC on Aug. 26. The arrangement sends approximately 90% of cost-adjusted reserve yield to the protocol, adding income from stablecoin balances to the fund’s trading-fee revenue.
According to Hyperliquid’s framework, Coinbase serves as the USDC treasury deployer, while Circle handles technical functions such as minting, redemption, and cross-chain transfers. Revenue accumulates over 30-day periods before an automatic transfer eight days after each period ends.
Hyperliquid’s published framework makes payments dependent on reserve balances, yields, and operating costs, rather than setting a fixed annual contribution.
Revenue growth accompanies a separate institutional token deal
In September, a report on Hyperliquid’s 2026 protocol revenue ranking detailed CoinGecko’s calculation of $429.04 million in revenue from Jan. 1 through Sep. 15.
CoinGecko placed Hyperliquid first in its adjusted comparison, accounting for 12.62% of a $3.40 billion revenue pool. Pump.fun ranked second with $322.21 million, leaving Hyperliquid ahead by more than $106 million at the study’s cutoff.
Separately, Oct. 8 coverage detailed a 3.75 million HYPE transaction after Hyperliquid Labs completed a seven-day unstaking process. Onchain Lens linked the allocation, then valued near $330 million, to an institutional over-the-counter agreement.
According to the tracker, 1.875 million HYPE initially moved through five wallets, each receiving 375,000 tokens. Subsequent Lookonchain tracking showed 1.25 million HYPE returning to staking, with the remaining tokens held across two addresses.
Onchain Lens described the arrangement as a private transaction rather than an open-market sale. Hyperliquid Strategies CEO David Schamis later said his company was not the buyer.
U.S. investors have HYPE exposure through listed funds
For American investors, May 15 coverage of U.S. Hyperliquid investment products detailed 21Shares’ THYP spot product and TXXH leveraged fund.
According to the asset manager’s announcement, THYP provides HYPE exposure and incorporates staking, while TXXH offers a separate leveraged strategy.
The launch documents described THYP as a Securities Act of 1933 product rather than an investment company registered under the Investment Company Act of 1940. In its disclosures, 21Shares stated that THYP investors do not receive the same protections available under traditional 1940 Act ETFs and mutual funds; TXXH was registered under the 1940 Act.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Strive, a Nasdaq-listed company based in Dallas, Texas, has expanded its bitcoin holdings by acquiring 3,311 BTC over the past week, increasing its total to 32,773 coins. This purchase brings Strive’s bitcoin reserves to approximately $2.7 billion at current market prices, placing the firm as the fifth largest publicly traded bitcoin holder.
Bolstering Corporate Bitcoin HoldingsAccording to a recent regulatory filing published Tuesday, Strive’s latest acquisition cements its position among the top corporate holders of the cryptocurrency. The company now trails only Strategy, Twenty One, Metaplanet, and MARA in terms of publicly disclosed bitcoin holdings, based on data provided by Bitcoin Treasuries.
Unlike companies such as Strategy, which have employed debt-financed purchases to accumulate bitcoin, Strive has maintained a zero-debt strategy. CEO Matt Cole has underscored that Strive carries no margin requirements and that its bitcoin holdings remain entirely unencumbered.
Despite headwinds for major bitcoin treasuries this year, Strive’s debt-free approach and focus on shareholder value have distinguished it from peers, as evidenced by the company’s significant stock gains in 2026.
Corporate peers have endured pressure in 2026 as the value of bitcoin fluctuated. Several major treasuries saw their stock values decline, with some being forced to liquidate tokens or overhaul their business models in response to bearish market conditions.
Despite sharing similar treasury models with other digital asset companies, Strive has outperformed much of its competition. Its shares, trading under the ASST ticker, have advanced by nearly 60% year-to-date, even though they slipped slightly during Tuesday’s session. This move is in contrast to significant stock declines reported by other large bitcoin-holding firms throughout the year.
Strive officially launched as a bitcoin treasury institution last year, drawing inspiration from Strategy, currently the largest corporate bitcoin holder. However, by refusing to employ leverage or take on debt, Strive has maintained a more conservative posture toward digital asset management.
The goal for investors remains clear: produce amplified returns through Strive’s equity performance, closely linked to the value of its bitcoin reserves.
With sudden shifts in the market, including events such as unexpected altcoin listings or monetary policy decisions from the Federal Reserve, investors often find themselves moving quickly between applications for charts, news, or portfolio management. To streamline this process and enhance efficiency, some traders are utilizing privacy-focused platforms like CryptoAppsy, which consolidate real-time price alerts, macroeconomic data, and individualized news feeds in a single interface—without needing to create an account.
Acquisition Activity and LeadershipEarlier this year, Strive completed the all-stock acquisition of Semler Scientific, a move that marks the first time a publicly traded bitcoin treasury company has acquired another such entity. This acquisition is viewed as a sign of consolidation within the corporate bitcoin sector and signals further institutional interest in strategic mergers in the industry.
Strive was established by tech entrepreneur and former Ohio gubernatorial candidate Vivek Ramaswamy, who envisioned the firm playing a central role in merging digital assets with public equity markets.
As of now, Strive continues to set itself apart in the landscape of corporate bitcoin treasuries, both through its growing balance sheet and by maintaining a debt-free strategy aimed at maximizing shareholder returns.
Společnost Saia otevřela nový terminál v Deer Parku ve státě New York, čímž rozšiřuje přepravní kapacitu a pokrytí na Long Islandu i v metropolitní oblasti New Yorku.
JOHNS CREEK, Ga., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Saia Inc. (NASDAQ: SAIA), a leading provider of less-than-truckload (LTL) transportation services, announced the opening of its newest terminal in Deer Park, New York, further expanding the company’s growing network across the Northeast. The new Long Island facility enhances Saia’s ability to serve customers throughout Long Island and the greater New York metropolitan area while providing additional capacity to support growing shipping demand.
Strategically located in Deer Park, the terminal strengthens connectivity between Long Island businesses and Saia’s nationwide network, helping improve service efficiency, freight movement and market coverage throughout the region. The facility also positions Saia to better support customers operating in one of the country’s most densely populated and economically significant markets.
“Long Island is an important market for our customers, and this investment reflects our ongoing commitment to expanding our network where service, capacity and connectivity matter most,” said Executive Vice President and Chief Customer Officer Ray Ramu. “This new terminal strengthens our presence in the Northeast and enables us to deliver the reliable service, and operational excellence customers expect from Saia.”
The opening continues Saia’s long-term strategy of investing in network growth to increase density in key markets and create more efficient transit times across the country. As the carrier’s network expands, customers continue to benefit from the ongoing improvement of transit times, stronger service coverage and enhanced connectivity across Saia's network. By expanding its geographic footprint, Saia is able to provide customers with greater flexibility, enhanced service and stronger nationwide coverage.
“As we continue to grow, our focus remains on creating a network that delivers value for our customers today while supporting future demand,” added Ramu. “Every terminal investment helps strengthen our ability to connect businesses with the markets they need to reach.”
For more information about Saia and its freight and logistics capabilities, visit Saia.com.
About Saia, Inc.
Saia, Inc. (NASDAQ: SAIA) is a full-service freight and logistics provider with a national footprint built to deliver reliable, flexible shipping solutions. With industry-leading operations and a strong emphasis on the customer experience, the company helps keep freight - and businesses - moving. Saia offers customers a wide range of less-than-truckload, brokered truckload, expedited transportation, and other logistics services. Headquartered in Johns Creek, Georgia, the company operates 219 terminals providing national service. Saia has repeatedly been recognized for its people-centric, safety-driven, and sustainability-minded focus. For more information on Saia, Inc., visit Saia.com. For more information, contact:
Bitcoin’s price could be due a move upwards as the supply of the leading cryptocurrency on exchanges shrinks.
That’s according to a researcher at data firm CryptoQuant, who wrote in a Monday report that bitcoin on exchanges has dropped to 2.67 million from 2.8 million since February.
The price of bitcoin was recently $83,485, unmoved over a 24-hour period but up 8% over the past 30 days after having its best quarter in years. Its surge in August and September has led a number of analysts to declare the bear market is over.
“If buying demand continues to improve while exchange supply remains low, BTC could benefit from a supply-demand imbalance, creating favorable conditions for a longer-term upward trend,” the report by on-chain researcher Rei Researcher read.
It added: “More importantly, in recent weeks, bitcoin has recovered from its lows while exchange reserves have continued to decline. This is a notable development, suggesting that the supply readily available for trading is decreasing even as the market recovers.”
The report further noted that it was possible investors were taking bitcoin off exchanges to put in cold storage solutions.
Bitcoin’s price was mostly trading under $65,000 for the first half of 2026. The coin spent most of this year in a bear market following the all-time high of $126,080 it hit in October 2025.
But that all changed in August. News that the U.S. Treasury would double the size of its liquidity-support buyback operations, weakening the dollar but strengthening bitcoin and other non-yield bearing assets.
Now, the so-called debasement trade — where investors throw money at an asset to hedge against a currency losing its value — is hot again. Bitcoin is benefiting from the trade, analysts say, as it did in 2024 and 2025.
Bitcoin’s price is still more than 30% below its record.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
Arch Lending dorovná stávající bitcoinové rezervy komunitního fondu Altgeld Bitcoin Reserve v chicagské čtvrti Altgeld Gardens a podpoří finanční vzdělávání.
Arch Lending becomes a founding private-sector supporter of the Altgeld Bitcoin Reserve, a community-owned Bitcoin reserve in Chicago's Altgeld Gardens recognized by the Illinois House
, /PRNewswire/ -- Arch Lending, the U.S.-based alternative-asset lending platform operated by ChainFi, Inc., today announced its support for the Altgeld Bitcoin Reserve (ABR), a community-owned Bitcoin reserve established in Altgeld Gardens, a Chicago Housing Authority community on the city's far South Side.
Arch Lending has committed to match the reserve's existing holdings, alongside support for ABR's community education and financial-literacy programming. The announcement comes on the eve of the first anniversary of ABR's recognition by the Illinois House.
Arch and ABR Partner
The Altgeld Bitcoin Reserve was founded in early 2025 by Tolbyus Shephard, who grew up in Altgeld Gardens, with the support of Bernadette Williams, president of the Altgeld Gardens Local Advisory Council. On October 14, 2025, the Illinois House adopted House Resolution 446, which recognized ABR as the nation's first community-run Bitcoin reserve and commended Altgeld Gardens for its leadership in financial empowerment.
Altgeld Gardens: A History of Resilience and Community Empowerment
Built in the 1940s to house Black World War II veterans, defense workers, and their families, Altgeld Gardens has a long history of community organizing and resilience.
The neighborhood later became known as the "Toxic Doughnut" because of the industrial pollution, landfills, and waste facilities surrounding it. Resident Hazel Johnson became a pioneer of the environmental justice movement, founding People for Community Recovery in 1979 to campaign for safer living conditions. In the 1980s, a young Barack Obama worked alongside Altgeld residents as a community organizer, years before becoming President of the United States.
For Tolbyus Shephard, who grew up in Altgeld Gardens, the reserve builds on that history by creating a community-owned financial asset intended to benefit future generations.
"As someone who grew up in Altgeld Gardens, I founded the Altgeld Bitcoin Reserve (ABR) with a simple belief: if nations, states, wealthy individuals, and major institutions can build long-term financial reserves to secure their futures, why can't underserved communities do the same? Our communities deserve the opportunity to build, own, and preserve wealth for generations to come," said Tolbyus Shephard, founder of the Altgeld Bitcoin Reserve.
Ownership rather than programming
ABR was built around a question that community development rarely asks: not what programs a neighborhood receives, but what it can permanently own.
The reserve operates under multisignature custody with public proof-of-reserves, allowing residents and the public to verify its holdings directly on the Bitcoin network. Its governing framework prohibits speculative trading, lending, leverage, private withdrawals, and personal enrichment. Reserve Bitcoin is not loaned, pledged as collateral, or rehypothecated under any circumstances.
Alongside the reserve, ABR runs financial-literacy and Bitcoin education programming for residents, including the ABR Bitcoin School for young people, parents, and seniors without technical or financial backgrounds. In March 2026, the organization held a community summit at the Altgeld Community Center, bringing residents together with local leaders.
"Most of what reaches a community like Altgeld arrives as a program, and programs end," said Himanshu Sahay, Co-Founder of Arch Lending. "An asset the community holds and can independently verify is a different proposition. We are supporting this as a contributor, not as a lender. The Bitcoin belongs to the reserve, and nothing about our involvement changes that."
"Altgeld has received investment before. What it has not had is something it owns outright and can pass on," said Shephard. "Private partners taking this seriously is what moves it from an idea to something residents can see."
"A year ago, the Illinois House recognized Altgeld Gardens as home to the nation's first community-run Bitcoin reserve," said Illinois State Representative John M. Cabello, Assistant Minority Leader. "This reserve has always been about education, resilience, and generational wealth for underserved neighborhoods. Private partners stepping in to support it is the kind of innovation and community-centered progress we should be encouraging across Illinois."
A model built to be repeated
ABR describes Altgeld Gardens as a proof of concept for a broader Community Bitcoin Reserve framework, with common standards for custody, transparency, education, and governance that other communities could adopt. The organization has engaged officials in Chicago and Illinois about how such a model might be supported, and related legislation remains under consideration in the Illinois General Assembly.
Arch Lending receives no ownership interest, repayment right, investment return, or governance authority in the reserve, and does not control reserve transactions.
ABR is also open to additional community and private-sector contributions as it works to grow the reserve and expand its financial-literacy and Bitcoin education initiatives.
Supporting the Altgeld Bitcoin Reserve
Individuals and organizations can donate Bitcoin directly to the reserve through communitybitcoinreserve.org. Select Altgeld Gardens using the orange marker on the map, scroll to the bottom of the page, and generate a Bitcoin address. Donations made this way go directly to the Altgeld Bitcoin Reserve.
About Arch Lending
Arch Lending is a U.S.-based lending platform that lets holders of alternative assets borrow against their holdings without selling. It supports Bitcoin, Ethereum, Solana, XRP, PAX Gold, and Tether Gold as collateral. Eligible client assets are held 1:1 in segregated custody with Anchorage Digital, a federally chartered bank and qualified custodian, and are not rehypothecated. Arch Lending is operated by ChainFi, Inc. Learn more at archlending.com.
About the Altgeld Bitcoin Reserve
The Altgeld Bitcoin Reserve is a Bitcoin-only, long-term community reserve established in Altgeld Gardens, Chicago. It was recognized by the Illinois House through House Resolution 446 in October 2025. Learn more at communitybitcoinreserve.org.
Metaplanet získal 52 miliard JPY prostřednictvím bezúročných konvertibilních dluhopisů splatných v roce 2031, aby splatil bitcoinový dluh ve výši 23,6 miliardy JPY a odkoupil vlastní akcie.
Metaplanet raises 52 billion yen, or 328 million dollars via zero-coupon bonds, to restructure its debt and buy back its own shares. A major maneuver that secures its 44,000 Bitcoins without liquidation risk.
In brief Metaplanet issues 52 billion yen of zero coupon convertible bonds due 2031. The company Metaplanet repays 23.6 billion yen of Bitcoin-backed debt. An amount of 28.3 billion yen is allocated to buy back the company’s own shares. This financial strategy protects the entire war chest of 44,000 Bitcoins held. The Japanese company listed on the Tokyo Stock Exchange (TSE: 3350) continues to make waves in the corporate world and the world of Bitcoin(BTC). Metaplanet officially announced the issuance of yen convertible bonds called “Euro-Yen” with zero coupon due 2031 for a total amount of 52 billion yen, or approximately 328 million dollars. According to the excerpt from Metaplanet’s official statement:
The issuance of these bonds aims to improve the company’s debt structure and ensure financial flexibility by replacing part of our existing interest-bearing borrowings with long-term, unsecured, interest-free funds.
Thanks to this zero rate (0%) structure, the company secures long-term capital over 5 years without burdening its income statement with monthly interest. At the end of September 2026, the company’s cash already amounted to 44,000 bitcoins, confirming its position as an Asian giant in digital asset reserves.
The net proceeds from this fundraising estimated at about 51.9 billion yen have been allocated to two clear strategic objectives:
Repayment of Bitcoin-collateralized loans (~23.6 billion ¥): Metaplanet will use about 23.6 billion (149.2 million dollars) yen starting November 2026 to repay part of its Bitcoin-backed credit line. This decision aims to bring the debt ratio back below the maximum threshold of 10% of the net asset value of Bitcoin held (BTC NAV).
Massive share buyback program (~28.3 billion ¥) Between October and December 2026, up to 28.3 billion yen (178.9 million dollars) will be allocated to buy back treasury shares. This share buyback program allows absorbing up to 8% of the shares outstanding, a powerful lever to increase the value per share for all investors.
By replacing short-term debt backed by volatility with long-term interest-free capital, Metaplanet eliminates any risk of forced sale (liquidation) of its Bitcoin reserves in case of temporary market decline. Here is a summary of the key figures of the operation:
Indicator / ParameterValue & DetailsTotal amount raised52.0 billion ¥ (~328 million $)Type of securityZero coupon convertible bonds (due 2031)Interest rate (Coupon)0.0 %
BTC debt repayment~23.6 billion ¥ (planned in Nov. 2026)Treasury share buyback~28.3 billion ¥ (up to 8% of capital)Current Bitcoin reserves44,000 BTC (as of 09/30/2026) By adopting a financial engineering inspired by Strategy, Metaplanet strengthens its balance sheet while protecting its 44,000 bitcoins. This cleanup plan eliminates liquidation risk and enhances shareholder value in the long term.
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Wealth Enhancement Advisory Services has raised its Bitcoin ETF holdings from $22 million to $33 million, according to its latest Form 13F filing for the second quarter of 2026.
What the filing shows
Wealth Enhancement Advisory Services, LLC is a registered investment advisor and a subsidiary of Wealth Enhancement Group. An RIA is a firm that manages money for clients and owes them a fiduciary duty, meaning it is legally required to act in their best interest.
The firm’s total assets under management sit at around $120 billion. Its 13F-reported equity and ETF positions were estimated at about $59.8 billion as of June 30, 2026.
The 13F is a quarterly disclosure that large institutional managers file with the SEC, covering their stock and ETF holdings at quarter end.
A spread across several funds
The Bitcoin exposure is not concentrated in a single product. The firm holds a stake in the Fidelity Wise Origin Bitcoin Fund (FBTC), along with the ARK 21Shares Bitcoin ETF (ARKB) and the VanEck Bitcoin ETF (HODL).
The FBTC position was valued at approximately $4.2 million as of June 30, 2026, down from earlier valuations in the $11 million to $15 million range. So the overall Bitcoin ETF number rose while the Fidelity position shrank.
The roster also includes BITX, a leveraged product, and QBF, a structured product.
The broader institutional picture
13F filers collectively raised their Bitcoin ETF positions by approximately 1.3% during the second quarter of 2026, despite overall ETF outflows over the same period.
Bitcoin ETFs also accounted for 22.4% of total US spot ETF AUM in the quarter.
Wealth Enhancement Group has grown largely through acquisitions, and that expansion has brought portfolio diversification that now includes Bitcoin ETF exposure.
What this means
The shrinking FBTC stake alongside a larger total is worth flagging for anyone tracking issuer competition. Spot Bitcoin ETFs hold essentially the same underlying asset, so issuers compete on fees, liquidity and distribution relationships, and allocations can shift between them without any change in overall Bitcoin conviction.
The presence of leveraged and structured products like BITX and QBF points to varied client needs. 13F data arrives after the quarter closes, so it shows where a firm stood, not where it stands today.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Super League koupila první bitcoin za 83 041,40 USD před hlasováním akcionářů o transakci, v jejímž rámci by od společnosti Metaplanet získala 2 100 bitcoinů.
Super League Enterprise has bought its first Bitcoin. Just one, for $83,041.40.
The Nasdaq-listed company (NASDAQ: SLE) made the purchase days before shareholders vote on a deal that would bring 2,100 Bitcoin onto its books.
One coin, filed with the SEC
The purchase happened on October 10, 2026. Super League disclosed it in an SEC Form 8-K filed on October 13.
The company framed the buy as a first step. It is exploring Bitcoin as a treasury asset that would sit alongside its cash. It did not announce a formal commitment.
CEO Matt Edelman described the transaction as an inaugural acquisition. He tied it to the company’s plan to combine a Bitcoin treasury strategy with its existing gaming and media operations.
The Metaplanet deal waiting in the wings
Super League signed an agreement with Metaplanet Inc. (TSE: 3350) on August 18, 2026.
Metaplanet is Japan’s third-largest corporate Bitcoin holder globally. Under the deal, it plans to contribute 2,100 Bitcoin plus $2.5 million in cash.
In exchange, Metaplanet would receive approximately 95.7% of Super League’s common stock.
The treasury contribution from Metaplanet was initially valued at around $132 million in August. By early October, that figure had risen to about $179 million.
Shareholders are scheduled to vote on the deal on October 16, 2026. If approved, closing is expected in the fourth quarter of 2026.
After closing, Super League would take a new name: Superplanet Inc.
The agreement also includes a 5-year lock-up on Metaplanet securities once the transaction closes.
Why buy one coin first
Buying a single Bitcoin before receiving 2,100 of them does serve a practical purpose. Holding even one coin forces a company to sort out custody, accounting treatment and internal controls.
Those systems need to work at scale if the Metaplanet deal closes. Starting small lets the company test the plumbing while the stakes are low.
What this means for shareholders and the market
For existing Super League shareholders, the October 16 vote is the main event. Approval would dramatically change the company’s balance sheet and ownership structure.
With Metaplanet set to own approximately 95.7% of the stock, current holders would control a small slice of a much larger, Bitcoin-heavy company.
The jump in deal value from about $132 million to roughly $179 million reflects Bitcoin price movement between signing and the vote.
For Metaplanet, the deal offers a path into US markets through a Nasdaq listing. The combined company aims for access to both US and Japanese financial markets.
Edelman’s stated intent is to run the Bitcoin treasury alongside existing operations, not instead of them.
The shareholder vote lands on October 16, 2026, and closing is targeted for the fourth quarter. Until then, Super League’s Bitcoin treasury consists of exactly one coin.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Tesla drží 8 430 BTC v hodnotě přibližně 960 milionů USD; oproti hodnotě kolem 250 milionů USD při pořízení jde za čtyři roky o nárůst přes 710 milionů USD.
Tesla, led by CEO Elon Musk, now reports Bitcoin holdings valued at approximately $960 million, reflecting the company’s persistent position as one of the largest corporate holders of the cryptocurrency. Despite significant price fluctuations in the crypto market, Tesla’s Bitcoin portfolio has remained largely unchanged since 2022, underscoring the firm’s commitment to its digital asset strategy.
Consistent corporate Bitcoin backingThe electric vehicle giant first entered the cryptocurrency market in February 2021, purchasing $1.5 billion worth of Bitcoin in a move that captured headlines across the financial sector. Shortly after, as Bitcoin reached record prices, Tesla’s holdings temporarily exceeded $2 billion, peaking around $2.5 billion at one stage.
Throughout the crypto market’s volatility, many corporations reduced or liquidated their Bitcoin positions. Tesla, however, has largely maintained its stake, demonstrating a different approach from its peers. Only select adjustments were made, primarily in 2021 and 2022, when the company sold some of its assets during periods of market stress.
As reported by Arkham, a blockchain analytics platform, Tesla currently holds 8,430 BTC, with the last major asset movement taking place following the May 2022 market downturn, which was linked to the LUNA collapse.
Mini dictionary: Arkham is a blockchain intelligence platform that tracks and analyzes on-chain asset flows, providing data transparency for digital asset markets.
Bitcoin holdings surge despite market volatilityTesla’s crypto journey has included several high-profile transactions. After its landmark buy in early 2021, the company sold 4,670 BTC to secure liquidity and later made further adjustments during tumultuous market conditions. Nonetheless, Tesla’s remaining Bitcoin balances stayed steady at roughly 8,430 BTC throughout 2022 and beyond.
When Tesla acquired its current Bitcoin holdings, the total value stood at about $250 million, reflecting a much lower BTC price in 2021. Recent market appreciation to around $960 million marks an increase of more than $710 million over the past four years, excluding realized gains from prior sales.
This significant valuation gain places Tesla among the most prominent corporate holders of Bitcoin globally. Industry analysts see this as a demonstration of long-term confidence in the digital currency’s potential.
Tesla’s steadfast approach has resulted in a marked increase in the value of its Bitcoin holdings, ensuring it remains a leading example of large-scale corporate participation in the crypto market.
Tesla continues to maintain its position amid renewed interest and ongoing volatility in digital assets. The firm’s total paper gains from its Bitcoin investment, now estimated at over $710 million, highlight both the rewards and risks facing publicly traded companies entering the crypto sector.
YearBTC HoldingsValue at AcquisitionCurrent Value2021~8,430 BTC$250 million$960 millionTesla’s notable Bitcoin position continues to fuel conversations about corporate crypto treasury strategies and the evolving role of digital assets in mainstream finance.
15 Years of Litecoin & 15 MilestonesOnly two crypto have achieved fifteen years of activity: Bitcoin, and now Litecoin.
Since Litecoin launched on 13 October 2011, Coinmarketcap has estimated more than 60 million cryptocurrencies have appeared. Among former ‘Top 100’ projects, Cryptorank’s research shows only 71.9% still exist, and even fewer remain active. Meanwhile, Litecoin has never left the leaderboard. Ever. While market cap ranking is one way to measure Litecoin’s success, there’s so much more to the project’s 15 year history. And this piece celebrates 15 milestones that have had a profound impact on the space, the project, and Litecoin’s users.
Happy 15 Years, Litecoin. Here’s to many more!
1. 2011: Litecoin's fair launchCharlie Lee, aka coblee, announced Litecoin on BitcoinTalk in October 2011.
Charlie Lee, aka coblee, announces 'a lite version of Bitcoin'. Source: BitcoinTalk
Earlier that month Lee had settled on the project’s positioning as a ‘lite’ version of Bitcoin, and quickly landed on a suitable name: Litecoin. On 4th October 2011, Lee registered five domains - including Litecoin.org and Litecoin.com - on CrazyDomains for $38.85. Eventual Ethereum co-creator, Vitalik Buterin, wasn’t a fan of the name, though.
Only 5 years until Litecoin can answer Vitalik's question. Source: BitcoinTalk
Unlike other projects to that point, the intent was for Litecoin’s launch to be as fair as possible. With that in mind, the source code and binaries were released four days before launch so anyone could download them, compile the software, and get set up in advance. Even Litecoin’s go-live date/time was voted on by the community. With 42.9% of the 91 voters opting for 03:00 GMT on Thursday 13 October 2011.
To avoid speculation of a pre-mine ahead of public release, Lee took a leaf from Satoshi’s playbook and placed a timely headline into the Coinbase data of Litecoin’s genesis block.
Coinbase data of Litecoin’s genesis block read: @NY Times 05/Oct/2011 Steve Jobs, Apple’s Visionary, Dies at 56.
No question, Litecoin had pulled off the fairest crypto launch to that point. Maybe ever? Think about it: of the 60 million cryptocurrencies, how many launched without an ICO, VC-backing, founder stash or massive pre-mine? How many projects let the community decide when to launch, or released candidates ahead of time to ensure equal mining opportunity from the jump?
Litecoin had the fairest, most decentralized and transparent launch in history.
2014: Litecoin and Dogecoin begin merged miningIn December 2013, Dogecoin launched as a fork of Litecoin. Almost immediately, Dogecoin faced network security issues due to shallow, fluctuating hashrate. By mid-2014, Charlie Lee proposed a potential solution. One that would not just strengthen Dogecoin, but Litecoin too. So Lee reached out to Doge’s community on reddit to outline the concept and benefits of LTC/DOGE merged mining:
Fortunately for all, Lee’s proposal was well-received by the Doge community, and Dogecoin adopted AuxPoW on 11th September 2014. Chains didn’t merge. Project rules and block histories remained independent. So what changed? Miners could now reuse the same proof-of-work to help secure both Dogecoin and Litecoin networks.
Dogecoin & Litecoin. Source: of much Wow.
If this merged-mining milestone never happened would we still have Doge? Or Litecoin!? Thankfully common sense prevailed over tribalism, and both projects are thriving more than a decade later.
3. 2015–2023: Three halvings. No committee required.Litecoin is programmed to experience a halving roughly every four years.
On 2nd August 2023 Litecoin’s third successful halving saw miner rewards reduced from 12.5 Litecoin to 6.25 Litecoin. So why celebrate miners getting their reward cut in half? Put simply, each Litecoin halving acts as a self-deflationary mechanism. Ensuring that Litecoin’s fixed supply of 84 million becomes more scarce over time by halving the amount of new coins introduced into circulation approx. every four years.
The concept can be challenging to get your head around. We made a short visual explainer on halvings and their importance in the ongoing success of Litecoin and other proof-of-work (PoW) projects. It’s short and great if you’re a visual learner:
Litecoin’s fourth halving will take place in late July 2027, reducing coin issuance to 3.125 LTC per block mined. And while Litecoin Foundation was established to help maintain and grow Litecoin, the non-profit has no control over block halvings. Every facet of Litecoin’s future coin issuance - including halving dates / block height, and reward amounts - was written into the codebase fifteen years ago. Back in early October, 2011. Which is mind-blowing, given these halvings will continue until 2142. At which point Litecoin’s entire fixed supply of 84 million will be issued and circulating.
4. 2017: The Litecoin Foundation is incorporatedIn 2017, Litecoin Foundation was formally incorporated in Singapore. And in mid-2022, the non-profit achieved 501(c)(3) status - allowing U.S citizens to make tax-deductible contributions.
From the outset, the Foundation’s mission was clear: to advance Litecoin awareness, adoption, security and development. Nearly a decade later, Litecoin Foundation’s mission remains unchanged. And its leadership, community and volunteers are more dedicated, effective and passionate than ever before.
To learn more about Litecoin Foundation, how to donate, join the team or volunteer, please visit: https://litecoin.com/litecoin-foundation.
Your support ensures the continued growth, decentralization and development of the Litecoin network. Thank you!
5. 2017: Coinbase adds LitecoinIn May 2013, Charlie Lee sent an email to [email protected] to see if they’d "be interested in supporting Litecoin”. Coinbase’s first employee, Olaf Carlson-Wee, responded 48 hours later asking for Lee’s phone number. And the rest is history…
Charlie Lee's Exchange with Coinbase Support ([email protected])Not so fast.
While Lee initiated the chat, it was actually Coinbase who had a proposition for him. Leave Google to come work for the exchange. It was 50% less pay and a super long commute, but the decision was easy. Lee was committed to Litecoin’s growth and taking a job at Coinbase would put him that much closer to decision-makers. In July 2013, Charlie Lee became an ex-Googler, and one of Coinbase’s earliest employees. It took four years of persistence, but Lee’s persistence paid off. On 3rd May 2017, Coinbase added support for Litecoin.
Mission complete, Lee left Coinbase in June 2017 to dedicate himself entirely to Litecoin.
Today's my last day at @coinbase! I will miss working with you all. I'm going to shift my focus to Litecoin now. To the moon! 😁 https://t.co/Ys9dZwtTFO
— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) June 10, 2017
6. 2017: Litecoin activates SegWit before BitcoinThe SegWit discussion kicked off when Pieter Wuille presented at Scaling Bitcoin in December 2015. Though debate around SegWit - and the best way to scale Bitcoin - hit boiling point in 2017, with Bitcoin’s developers and community divided.
Since 2011, Litecoin has always been intended as a complement to Bitcoin. Something Charlie Lee made clear from the very beginning. So, with Bitcoin tearing itself apart over SegWit, Charlie put forward a solution:
“But with SegWit and Bitcoin’s current block scaling deadlock, I see a potential for Litecoin to help Bitcoin break through this deadlock. Litecoin can take a lead and be a positive force in the cryptocurrency space. We have been drafting behind the Bitcoin race car for many years. It’s about time to take a turn out front.” - Source: My Vision For SegWit And Lightning Networks On Litecoin And Bitcoin.
Never one to kick tyres, Charlie and the Litecoin developers got to work. And on 10th May 2017, the first SegWit transaction was made on Litecoin!
Litecoin’s successful activation proved it was safe to make the upgrade, silenced technical FUD and demonstrated real-world implementation. Less than four months later, the Bitcoin community had reached its verdict and SegWit was fully activated on 24 August 2017.
NB: While we do our best to be unbiased, we also recommend objective explanation of SegWit from the great Andreas Antonopoulos
7. 2017: Lightning makes its first non-test payment on LitecoinAbout two hours after SegWit activated on Litecoin, Christian Decker made what is widely considered the first payment on the Lightning Network. Decker opened a Litecoin Lightning channel and sent 0.00000001 LTC (one litoshi, the smallest unit of Litecoin) from Zurich to San Francisco in less than a second. The best part: Decker recorded the transaction live to prove it. History thanks you, sir.
Just as it had done with SegWit, Litecoin implemented and tested the Lightning ahead of Bitcoin. To this day few know Litecoin even has Lightning. Let alone that the first non-test Lightning payment was made on Litecoin!
Lightning is a major improvement to the Bitcoin (and Litecoin) ecosystems. One that many, including Charlie Lee, believe brings Bitcoin much closer to Satoshi’s real vision.
6/6 Bitcoin with Lightning Network more closely fits the Bitcoin whitepaper's title: "A Peer-to-Peer Electronic Cash System." This is Satoshi's Vision.
— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) October 6, 2018
8. 2017: Litecoin helps prove trustless cross-chain swapsOn 19th September 2017, Decred and Litecoin completed a cross-chain atomic swap. Charlie Lee swapped 1.337 LTC for 2.4066 DCR as an early demo of two (pretty different) chains exchanging value without an intermediary.
Just completed the first $DCR <> $LTC cross-chain atomic swap with @SatoshiLite. Huge shout-out for debugging with us! More info soon™... https://t.co/o2viQm3LTR
— Decred (DCR) (@decredproject) September 19, 2017 Executing the trustless, independent trade opened up entirely new and genuinely decentralized finance (DeFi) possibilities. And it was his belief in the real-world use cases that saw Lee get involved. Not to mention improved compatibility between Litecoin and other chains.
If you’re keen to learn more, check out this comprehensive and compelling post on Decred’s Medium.
9. 2020: PayPal adds LitecoinThis was - and still is - a big deal. On 21 October 2020, PayPal announced that U.S. customers would be able to buy, hold and sell Bitcoin, Ethereum and Litecoin directly in their PayPal accounts.
The PayPal integration put Litecoin in at the fingertips of millions of mainstream users, growing reach well beyond crypto exchanges and wallets. An enormous and criminally overlooked milestone in Litecoin’s history.
10. Litecoin becomes BitPay's most-used cryptoIn mid-2021, Litecoin was added by the world’s biggest crypto payment processor, BitPay. Within months Litecoin established itself as one of the platform’s most frequently used crypto. And soon it’d become a dominant force.
Real-world use has always been a key metric of Litecoin’s continued success. And for 12 consecutive months from 2023 - 2024, Litecoin was the most used crypto on BitPay by customers and businesses alike. With users purchasing everything from VPN subscriptions and household goods, to $170,000 Patek Philippe watches and cars .
In June 2024, Litecoin made up 40.91% of all transactions. More than Bitcoin (22.51%), Ethereum (10.83%) and BCH (5.87%) combined.
Source: BitPay via @LTCFoundation on X.com
This milestone is so epic as it illuminates Litecoin’s original intent, outlined 15 years ago on BitcoinTalk. To act like a silver to Bitcoin’s gold. And not simply to be exchanged for another currency, but be used for everyday commerce and payments for goods and services.
The formation of Litecoin’s positioning, articulated sharply by forum user, coblee, in 2011.
11. 2022: Litecoin activates privacy via MWEB Big call, but MWEB is the biggest feature or improvement in Litecoin’s history.
Personal and financial privacy has never been more important. Since May 2022, Litecoin users have had the option of confidential transactions via MWEB (MimbleWimble Extension Blocks). Achieving relative privacy with Litecoin has never been easier.
After years of further development and testing, MWEB was ready for even broader adoption by going mobile. In March 2024 a Litecoin Core release opened the door for mobile wallet support. Integrations by wallets such as Cake and Nexus followed, making private Litecoin transactions far more accessible. Daily MWEB activity grew steadily, with transaction counts reaching highs above 1,600 in late September 2024.
By 16 December 2025, the MWEB balance had reached 402,000 LTC. Continued wallet adoption and rising interest in privacy pushed it even further. As at time of this writing, a balance all-time high of 567,921 LTC was achieved on 11 September 2026.
MWEB balance all-time high of 567,921 LTC was achieved on 11 September 2026. Source: mwebexplorer.com
While privacy and “privacy coins” are all the rage across crypto, Litecoin has offered optional confidential transactions since 2022! Making it one of the longest-running and most widely available privacy options in the space. And, importantly, without forcing privacy by default on users. Giving Litecoin greater everyday flexibility than coins that are private by default.
Privacy and Confidential Transactions have been some of the most contentious topics among Bitcoin developers. History has shown that reaching consensus in Bitcoin Core is difficult. From SegWit to Lightning, Litecoin has tested and validated long-debated improvements that were later adopted by Bitcoin. Four years of real-world Litecoin MWEB use may now provide the battle-tested evidence Bitcoin needs to follow suit.
Want to use Litecoin with privacy? It’s super easy. Download Nexus Wallet on iOS or Android - officially endorsed by the Litecoin Foundation.
12. 2025: Litecoin processed 300 millionth transactionOn 4 January 2025, Litecoin processed its 300 millionth transaction! A milestone for permissionless currency, decentralisation, financial freedom and inclusion. But the number becomes more interesting when you look at how Litecoin got there.
In 2024 alone, the Litecoin network processed more than 92 million transactions, up from around 67 million in 2023. Put another way: almost a third of Litecoin’s first 300 million transactions happened in a single year. Thirteen years into its existence, Litecoin had just recorded its busiest year yet.
~1.22 million transactions were processed on January, 3 2024. Source.Importantly, all that activity didn’t make Litecoin expensive to use. Throughout 2024, Litecoin’s daily average transaction fee stayed below US$0.01. A fairly important detail for a currency intended for everyday use, not just the occasional movement of a fortune.
Litecoin’s Average Transaction Fees, 2024. Source.
Now, Litecoin has passed the 418 million transaction mark. And the count will just keep climbing.
13. 2018-2026: From LoafWallet to NexusCountless wallets have added support for Litecoin over the last 15 years. Now, in 2026, almost every major wallet supports Litecoin. Including non-native crypto wallets like PayPal!
Regardless, Litecoin Foundation has always placed considerable focus on developing its own ‘official’ wallet, developed and maintained by its developers. It started with self-custodial LoafWallet, which re-branded to Litewallet in 2019. By mid-2025, the Foundation made the decision to sunset Litewallet in favor of a more robust, reliable and advanced wallet years in the making: Nexus.
Unveiled at Litecoin Summit 2025 by the lead developer, Loshan, Nexus is the new official Litecoin Foundation wallet. Released on iOS and Android in June 2025, Nexus combines self-custody, opt-in MWEB/private payments, Tor integration, Coin Selection, in-app gift card purchase and plenty more.
If you need a Litecoin wallet, check out Nexus. The official Litecoin Foundation wallet. No notes.
14. 2025: Litecoin becomes a corporate treasury assetIn July 2025 we saw the launch of Litecoin’s first corporate treasuries: Luxxfolio and Lite Strategy!
A former Bitcoin miner, Luxxfolio, decided to go all in on Litecoin. Launching in July with a 20,000 LTC treasury. Ever since, Luxxfolio has been committed to helping Litecoin grow, injecting funds into the ecosystem and deploying assets into yield-generating protocols.
Then came Lite Strategy. With more than 929,000 Litecoin, the Nasdaq (NASDAQ: LITS) listed entity is the world’s largest Litecoin Treasury and first US-listed public company to adopt Litecoin as a primary reserve asset. Read all about Lite Strategy’s journey.
Thank you, Luxxfolio and Lite Strategy. We treasure your Litecoin-first passion and commitment!
15. 2025: Litecoin gets its U.S first spot ETF In November 2025 Litecoin officially joined the ranks of Bitcoin and Ethereum with the approval of its first U.S. Spot Litecoin Exchange-Traded Fund (ETF)! Announced by Canary Capital Group, the NASDAQ-listed LTCC fund represents a landmark moment for the most enduring and reliable crypto.
“In 2011 when I launched Litecoin, my vision was to build a fair, open, and accessible complement to Bitcoin. Fourteen years later, seeing a U.S. spot ETF approved for Litecoin is both humbling and historic. This recognition cements Litecoin’s role as sound money. Fast, secure, and globally accessible." - Litecoin’s creator, Charlie Lee.
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It’s been fifteen years since “a lite version of Bitcoin” launched. And in 2026, Litecoin is still stronger than ever. Not because it followed hype, pumped bags or FOMO’d into the latest narrative. But because it did what other cryptos didn’t: focused on being more usable and useful to people of all walks, all over the world. A mission Litecoin’s had since day one, that’s unlikely to change any time soon.
Happy 15th birthday, Litecoin. Here’s to the next chapter.
Acknowledgments & Dedications.This piece is dedicated to the champions of Litecoin. Those who’ve made the first 15 years of Litecoin’s life a success. People who’ve asked for no praise, but absolutely deserve it. Every volunteer, community member, donor, event attendee and sponsor; every believer, educator and speaker; and the personalities who make up the Litecoin Foundation’s formidable team.
Ways to support the Litecoin Foundation:Donate your support for the FoundationRun a node, download Litecoin CoreVisit Litecoin.com or purchase from the ShopFollow @LTCFoundation on X/TwitterRead other long-form pieces of Litecoin History:Bitcoin & Litecoin's 13 Year Symbiotic RelationshipDeep-dive into Litecoin’s early, early daysLitecoin’s most prolific year (2023)Unprecedented Growth, Memes & Privacy (2024)The year Litecoin proved to be sound money (2025)Written by Robbie Coleman. Follow him on X / Twitter.
Luxxfolio strategicky investovala do LitVM, projektu druhé vrstvy kompatibilního s EVM, jehož cílem je přinést chytré kontrakty a aplikace DeFi do ekosystému Litecoinu.
Luxxfolio Holdings Inc. is pleased to announce that it has made a strategic investment in LitVM, an emerging Layer 2 blockchain infrastructure project focused on bringing smart contract functionality and decentralized applications to the Litecoin ecosystem. The investment represents a further step in Luxxfolio's broader strategy of supporting the...
Strategic investment reinforces Luxxfolio's Litecoin-first strategy and commitment to supporting infrastructure and innovation across the Litecoin network.
Vancouver, British Columbia--(Newsfile Corp. - October 13, 2026) - Luxxfolio Holdings Inc. (CSE: LUXX) (OTCQB: LUXFF) (FSE: LUH0) (the "Company" or "Luxxfolio") is pleased to announce that it has made a strategic investment in LitVM, an emerging Layer 2 blockchain infrastructure project focused on bringing smart contract functionality and decentralized applications to the Litecoin ecosystem.
The investment represents a further step in Luxxfolio's broader strategy of supporting the growth and development of the Litecoin network through strategic investments, infrastructure development, and mining operations.
LitVM is developing an Ethereum Virtual Machine (EVM)-compatible Layer 2 network designed to expand Litecoin's capabilities beyond payments, enabling new applications across decentralized finance (DeFi), tokenized real-world assets (RWAs), and other blockchain-based financial services.
Luxxfolio believes that expanding Litecoin's functionality and utility is an important component of driving long-term network adoption, increasing developer participation, and strengthening the broader Litecoin ecosystem.
Strategic Investment in Litecoin Infrastructure
As a leading participant in the Litecoin ecosystem, Luxxfolio views this investment as a natural extension of its existing mining and infrastructure activities and its broader commitment to advancing Litecoin adoption. By strategically investing in emerging technologies and infrastructure, the Company aims to support innovation, expand the utility of Litecoin, and strengthen its position at the forefront of the ecosystem's continued evolution.
As the Litecoin ecosystem develops, Luxxfolio intends to remain actively engaged in identifying opportunities that complement its existing operations and support the adoption of Litecoin across emerging digital asset applications.
Tomek Antoniak, CEO & Director of Luxxfolio, commented:
"Litecoin has established itself as one of the most resilient and widely recognized digital assets, and we believe the next phase of its evolution will be driven by expanded utility and infrastructure development. LitVM represents an exciting initiative within the Litecoin ecosystem, with the potential to unlock entirely new applications and opportunities for the network.
"Our investment reflects our conviction in the long-term potential of Litecoin and our commitment to participating in the growth of its broader ecosystem. As an established leader in the Litecoin space, we see significant opportunities to support emerging technologies that expand Litecoin's utility and accelerate adoption."
The Company views this investment as complementary to its existing Litecoin-focused activities and will continue to evaluate additional strategic opportunities across the digital asset infrastructure landscape.
About LitVM
LitVM is an EVM-compatible Layer 2 blockchain network designed to bring smart contract functionality and Web3 applications to Litecoin. Leveraging zero-knowledge technology and blockchain interoperability infrastructure, LitVM aims to unlock new use cases for Litecoin and Litecoin-native assets, including decentralized finance, real-world asset tokenization, and emerging digital applications.
For more information, visit www.litvm.com.
About Luxxfolio Holdings Inc.
Luxxfolio Holdings Inc. is a Canadian public company focused on Litecoin mining, infrastructure development, and strategic investments within the Litecoin ecosystem. The Company operates a Scrypt mining fleet in British Columbia and is developing LuxxPool, its own Litecoin-focused mining software platform, initially for the Company's fleet and ultimately for third-party miners.
Luxxfolio is listed on the Canadian Securities Exchange under LUXX, on the OTCQB under LUXFF and in Frankfurt under LUH0.
For more information, visit www.luxxfolio.com.
Contact: Tomek Antoniak, CEO & Director | (833) 928-8883 | [email protected] | www.luxxfolio.com
Forward-Looking Statements
Certain information contained herein constitutes "forward-looking information" under applicable Canadian securities legislation. This includes statements regarding the anticipated benefits of the Company's strategic investment in LitVM; the development, functionality and adoption of LitVM's technology; the potential expansion of Litecoin's utility and ecosystem; future opportunities involving blockchain infrastructure and digital asset applications; and Luxxfolio's long-term business strategy.
Forward-looking information is based on management's current assumptions, expectations and estimates regarding market conditions, technological development, adoption of blockchain-based applications, regulatory developments and other relevant factors.
Actual results may differ materially from those expressed or implied by such statements due to known and unknown risks, including technological development and implementation risks, cryptocurrency market volatility, regulatory uncertainty, cybersecurity risks, competition and the potential failure of emerging blockchain technologies to achieve widespread adoption.
There can be no assurance that LitVM will achieve its development objectives or that the investment will generate positive returns or result in additional commercial opportunities for Luxxfolio. Readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update such information except as required by applicable securities laws.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318719
XRP Ledger activity surged in the past 24 hours as payment volume climbed 153.9%, reaching 363.3 million XRP, according to data from XRPScan. This marks a reversal after a period of relative calm on the network.
Volume rebound follows price supportXRP is now trading near $1.36, recovering from a recent low of $1.31 on the daily chart. Buyers re-entered the market at the orange moving average, which currently sits around $1.34. This level held as support, and after several red candles, the price action shows a green candle, suggesting a potential bounce.
Despite the apparent recovery, the latest ledger volume remains well below the 30-day average of 680.4 million XRP. The sharp percentage rise reflects a rebound from an exceptionally weak previous day, rather than a record-setting surge. XRP Ledger’s all-time high for payment volume stands at 7 billion XRP, highlighting the significant gap between current figures and historical peaks.
Volume on the XRP Ledger often moves in short, intense waves, with previous spikes surpassing 1.5 billion XRP before contracting below 500 million. Notable surges occurred in November and February, when volume rose to approximately 2.5 billion and 2.7 billion XRP, while September saw a smaller jump to nearly 1.9 billion.
Market context and technical hurdlesThe most recent activity spike comes as the XRP price has declined from around $1.65 in late September to the low $1.30s. The relative strength index (RSI) hovers near 40, signaling tepid momentum, yet not indicating heavy selling pressure. October has also brought a downturn in trading volume on major exchanges. The increase in on-chain transactions may hint that participants are beginning to return after a subdued period.
Looking ahead, the $1.38 to $1.40 zone will serve as a critical resistance for bulls. Closing above this range would allow XRP to reclaim both the black and blue moving averages on technical charts, potentially paving the way toward $1.45 and then $1.50. If the rally stalls, traders will focus on defending the $1.31 low; falling below this level would undermine confidence in the recent recovery.
Meme token market draws attentionAs analysts monitor XRP’s volume recovery for signs of broader market interest, similar dynamics play out in segments like the meme token market, where momentum can change rapidly. In this space, internet trends often lead to significant inflows within days. Data from Fomo App illustrates this phenomenon, highlighting a case where a $99 investment in the “Niu Lai” meme token was converted into roughly $370,000. Market watchers emphasize that tracking not only prices but also investor timing and token selection can be pivotal. Platforms such as Fomo App combine token discovery, trading, social feeds, investor rankings, and trade notifications on a single interface, allowing users to follow meme tokens alongside investor activity.
For now, the increase in XRP Ledger payment volume and the recent price bounce offers early signs of renewed enthusiasm. However, a sustained trend will depend on volume remaining above average and breaking through established resistance levels. Market participants will maintain a close watch on data for confirmation of a broader shift in sentiment.
While a single day of strong ledger growth is encouraging, traders are likely to demand consistent volume above the 30-day average before considering the move a lasting bullish development.
Privy nově podporuje XRP Ledger pro vytváření vestavěných peněženek a podepisování transakcí přímo v aplikacích. XRPL je v infrastruktuře Privy zařazena mezi sítě úrovně 2.
Privy’s developer documentation now lists XRP Ledger support, giving apps a way to create and use XRPL wallets without sending every new customer to separate wallet software first.
Key Takeaways
Privy lists XRP Ledger among the networks supported by its wallet infrastructure.
Apps can connect XRPL wallet creation to their existing login and user-account flow.
XRPL support covers transaction-aware signing and policy controls.
Recovery, approvals and external transfers remain decisions for the app and its wallet setup.
The next evidence will come from consumer apps that use the integration in production.
A user can enter XRPL without starting with a wallet app
Privy’s chain-support documentation lists XRP Ledger as a supported network for wallet creation and transaction signing. Its frontend tools allow developers to connect authentication, user accounts and embedded wallets in the same application flow.
For the user, that can remove several early steps. Someone joining a payment, trading or rewards app may sign in with an email address or another familiar method, then receive an XRPL address within the product itself. Their balance and transaction approvals can stay in the app interface instead of requiring a separate download before the service becomes usable.
That is the practical value of embedded wallets: the blockchain account becomes part of the product experience. Privy, which describes itself as a Stripe company, supplies infrastructure that developers can use to build that experience. The documentation confirms the technical capability, though it does not describe a separate consumer launch or a formal Ripple–Privy commercial agreement.
An embedded wallet turns product design into a control decision
Creating a wallet is only the first part of the relationship between a user and an app. The more consequential decisions concern how the wallet is recovered, how a transaction is approved and whether the user can move funds to another XRPL address without depending on the original service.
Those details vary by implementation. One product may provide a clear path to export credentials or migrate the wallet. Another may centre access on the app’s login and recovery system. A balance can appear in both products, while the user’s practical control over that balance differs substantially.
The user
Approves the action
The customer needs to understand when a transfer requires approval and how access can be recovered after a lost device or login.
The app
Defines the wallet journey
Its developer chooses the login, recovery, transaction-review and support processes surrounding the wallet.
The ledger
Records the signed transaction
XRPL receives a valid transaction, while the product design determines how the user reached the point of signing it.
The same issue appears whenever an account balance is presented through an intermediary. A customer needs to know what rights sit behind the interface, just as buyers of Bitcoin exposure through a listed product and Bitcoin in a wallet receive very different transfer and custody rights despite following the same market.
Privy’s XRPL support has a defined role
Privy categorises XRPL as a Tier 2 network. According to its documentation, that means the infrastructure can decode and sign XRP Ledger transactions. Tier 2 is also the minimum level required for transaction policies because the system needs to read the transaction contents before assessing a rule.
XRPL is not listed in Privy’s Tier 3 group, where Privy constructs, broadcasts and tracks transactions on the developer’s behalf. An app using the XRPL integration can therefore use Privy for wallet creation and transaction-aware signing while retaining responsibility for the surrounding submission, confirmation and support flow.
That division helps explain what the integration changes for developers. It can reduce the work involved in putting an XRPL wallet behind a familiar sign-in experience, but it does not remove the need to design a clear route from a user’s payment request to a completed ledger transaction.
Wallet policy and XRPL account permissions serve different jobs
Wallet software can guide how an app asks for approval or reviews a transaction. XRPL itself can also divide authority between accounts. The two layers can work together, although they solve separate parts of the security problem.
For example, XRPL’s PermissionDelegationV1_1 feature allows a business to assign limited actions to separate accounts while keeping its primary credentials under tighter control. That structure can separate compliance and operational duties, but it does not decide how a customer recovers a wallet or whether an app presents a transfer clearly before it is signed.
Developers therefore need to make the boundary visible. A policy may help prevent an unwanted transaction from moving forward, while the ledger’s permissions decide which account can carry out an allowed action. Neither substitute replaces a user understanding who has authority over the funds.
The real test is whether users stay after the first wallet appears
Embedded-wallet support can make XRPL more accessible to product teams building payments, rewards, trading or issued-asset services. It does not establish that those products already have users, that users will keep balances on the network or that the integration creates direct demand for XRP.
More meaningful evidence would come from named apps deploying the feature, repeat active wallets, successful payment flows and clear support for users who need to recover or transfer their accounts. Those results would show whether the integration has become part of a working consumer product rather than remaining a developer option.
Five questions before funding an in-app XRPL wallet
How is access recovered?
Check what happens if the phone, login method or authentication device is lost.
Who participates in signing?
The app should explain the approval process and any provider or policy role around a transaction.
Can assets leave the app?
Confirm that XRP and other supported XRPL assets can be sent to an external address under clear conditions.
Can wallet credentials be exported or migrated?
A user should know whether they can continue using the wallet outside the original application.
Who provides support when something goes wrong?
Review which party handles failed transfers, account recovery and transaction disputes before funding the wallet.
Convenience only works when control remains clear
Privy’s XRPL support can make wallet setup less visible and less intimidating for first-time users. That matters for apps whose customers want to make a payment or use a service before they want to learn the mechanics of blockchain accounts.
The feature’s lasting value will depend on the controls built around it. A well-designed embedded wallet should make it easy to enter XRPL while leaving users with clear recovery options, understandable signing rules and a practical way to move their funds when they choose.
This article is provided for informational purposes only and does not constitute financial, legal or investment advice. Wallet features, signing methods and custody arrangements vary by application.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else.
It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other.
What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn?
He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
S&P Dow Jones Indices uskutečnilo mezi společnostmi DRW a Marex první on-chain OTC swap na celkový výnos navázaný na index iBoxx USD Liquid Investment Grade Index v síti Canton Network.
S&P Dow Jones Indices has executed its first over-the-counter (OTC) total return swap using the Canton Network, marking a significant step toward digitizing traditional finance (TradFi) infrastructure with blockchain technology. The trade involved moving the swap contract onto a distributed ledger, streamlining processes previously managed manually.
TradFi meets blockchain with Canton NetworkCanton Network, a permissioned blockchain platform designed for institutional finance, aims to become the central infrastructure for traditional capital markets. While Polygon fills this role in the public Web3 sector, Canton is developing closed, configurable channels that allow financial institutions to digitize workflows while keeping operations private and secure.
Unlike public blockchains, Canton Network allows institutions to maintain greater control and privacy by limiting transaction visibility to relevant parties. Its structure enables banks and financial firms to build custom connectivity rails for trading without exposing sensitive information on public networks.
Mini dictionary: Canton Network is a privacy-focused blockchain infrastructure developed for institutional digital asset markets, offering interoperability and secure transaction channels tailored to regulated finance.
The landmark OTC swap was executed between DRW, a major market maker, and finance firm Marex via the Derivnex platform. The contract referenced the iBoxx USD Liquid Investment Grade Index, which was tokenized and distributed to the necessary participants using data provided by analytics firm Kaiko.
Operational efficiency and autonomyBoth counterparties coordinated the derivative’s full lifecycle through a unified blockchain dashboard based on International Swaps and Derivatives Association (ISDA) standards. This eliminated the need for cumbersome manual reconciliation. Future trades may further benefit from on-chain cash settlements and collateral management, as Canton seeks to expand its operational capabilities.
“Uncleared OTC derivatives are a massive market with bespoke, cumbersome workflows. By executing this trade on Derivnex on Canton, Marex and DRW are able to operate off the same immutable record, streamlining workflows,” stated Don Wilson, Founder and CEO of DRW.
The start of S&P’s on-chain activity coincided with the latest update to the Ripple Custody service, which in early October introduced support for the Canton blockchain. Ripple, known for its digital asset infrastructure solutions, provides large banks and financial organizations with custody and settlement capabilities for Canton’s native assets, including the Canton Coin (CC) token and CIP-56 digital securities.
Through Ripple’s “bring your own validator” model, institutions keep their signing keys stored internally and retain full control over their vaults. This integration grants traditional banks direct access to manage positions on Canton without exposing private keys externally.
Market reception and boundariesDespite the technological advancements, many in the retail crypto community have voiced skepticism. Critics focused on Canton’s private, institution-only architecture, arguing that it fails to embody the open and decentralized principles typically associated with blockchain technology.
Although some users have described Canton as “not a real blockchain,” the network has nonetheless become an operational platform for major Wall Street participants, with Ripple acting in a custodial gateway role.
Canton’s relationship with Ripple remains strictly technical. The network operates independently, does not rely on Ripple’s own ecosystem, and neither the XRP token, XRPL ledger, nor the RLUSD stablecoin are used in any part of Canton’s settlement process.
As the debate over decentralization versus security continues, Canton has positioned itself as the blockchain of choice for large-scale TradFi digitization while leveraging Ripple’s custody for added security and efficiency.
XRP ETF demand is holding up, but on-chain activity tells a less encouraging story. By October 12, XRP ETFs had reached $1.55 billion in total net assets, with cumulative net inflows of $1.80 billion, according to SoSoValue. That’s a solid amount of capital sticking around. Yet the blockchain figures isn’t that satisfying, number of active users has plunged from an August peak of 500,000 to fewer than 100,000.
The disconnect raises an awkward question: are investors staying interested while everyday network activity fades?
XRP ETF Inflows Hold Up Despite Cooling ActivityThe ETF data suggest interest in XRP-related investment products remains substantial. Cumulative net inflows have reached $1.80 billion, while total net assets stand at $1.55 billion.
The data from dashboard also suggest that withdrawals haven’t been as severe as those seen in BTC ETFs. Still, ETF capital and network participation measure different things. Strong inflows don’t automatically mean more people are using the network.
XRP Price Faces a Crucial $1.30 Support TestXRP rallied from $1.00 to $1.70 in August before hitting resistance and retreating toward $1.30. Since then, the $1.30 area has been tested repeatedly.
That level now matters. If it continues to hold, the recent price action could be a retest rather than a breakdown. But repeated tests aren’t risk-free; support can weaken when buyers fail to deliver fresh demand.
Can XRP Reclaim $1.50 and $1.70?A recovery depends on more than ETF headlines. Rising demand could show up through improving active-user numbers, stronger XRP ETF inflows, and a firmer token price.
If $1.30 holds and momentum returns, XRP could revisit $1.50 and $1.70, potentially moving higher. Lose that support, however, and $1.00 becomes the next downside level to watch.
For now, XRP ETF inflows remain encouraging, but falling activity is the warning sign. The $1.30 support zone is the key battleground: hold it, and recovery remains possible; lose it, and the market may have to rethink the bullish case.
Story Ends Here
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The Hartford dokončila akvizici divize zaměstnaneckých benefitů společnosti Equitable s ročním pojistným ve výši přibližně 500 milionů USD a zhruba 300 zaměstnanci.
The Hartford completed its acquisition of Equitable’s1 Employee Benefits business, which represents approximately $500 million in premium in non-medical benefits and Equitable’s Employee Benefits technology. The acquisition accelerates The Hartford’s Employee Benefits growth strategy by expanding product offerings and technology focused on small and midsize employers.
“Today’s closing marks an important milestone that strengthens our leadership in employee benefits and small business and reinforces our commitment to this important business segment,” said The Hartford’s Chairman and CEO Christopher Swift. “By bringing our capabilities together, we are even better positioned to deliver the expertise, solutions and service that small and midsize businesses need to support their employees and achieve their goals.”
The acquired Employee Benefits portfolio includes group life, disability, paid family and medical leave, supplemental health, as well as dental and vision coverage. The transaction also includes approximately 300 employees and technology that supports unified digital capabilities and real-time API integrations, making it easier for brokers, employers and their employees to manage benefits information across systems.
“This transaction brings together talented teams, deep expertise, expanded product offerings and modern technology to better serve small and midsize employers,” said Mike Fish, head of Employee Benefits at The Hartford. “As we integrate these capabilities, we remain focused on providing our existing customers and brokers with the responsive service and support they expect from us. At the same time, we will create an easier, more connected benefits experience that can serve more employers and help them meet the evolving needs of their workforce.”
Financial terms of the transaction were not disclosed.
About The Hartford
The Hartford is a leader in property and casualty insurance and employee benefits. By anticipating challenges and reducing risks our customers face, the company helps people and businesses thrive with confidence. Built on a foundation of trust, The Hartford is committed to strong performance, exceptional customer experiences and bold innovation, hallmarks of its sustained success since 1810.
The Hartford Insurance Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. More information on the company and its financial performance is available on its website. For additional details, please read The Hartford’s legal notice.
HIG-C
1 Equitable is a leading financial services organization and principal franchise of Equitable Holdings, Inc.
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2025 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
From time to time, The Hartford may use its website and/or social media channels to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https://ir.thehartford.com. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the “Email Alerts” section at https://ir.thehartford.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261012261014/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Makléřská společnost Interactive Brokers spustila službu stakingu kryptoměn, která umožňuje uzamknout aktiva založená na proof-of-stake, jako je Ethereum, za účelem zabezpečení sítí a získávání odměn.
Interactive Brokers logo / Wikimedia Commons (Public domain, PD-textlogo)
Interactive Brokers, a Nasdaq-listed brokerage, has announced the launch of cryptocurrency staking services. This move establishes the brokerage as a significant player in the cryptocurrency market by expanding its offerings beyond crypto custody to include staking. The service allows users to lock proof-of-stake assets like Ethereum to support network security and earn rewards. While the specific details of supported assets and jurisdictions remain undisclosed, this development could enhance the attractiveness of Ethereum and other staked assets to investors.
Key Takeaways Interactive Brokers’ entry into cryptocurrency staking suggests increased institutional interest in yield-generating crypto assets. Market pricing implies this move may boost confidence in Ethereum’s potential to reach higher valuations by the end of 2026. The development is consistent with scenarios where Ethereum’s staking appeal grows, potentially influencing its future price trajectory. What to Watch Watch for details on the assets and jurisdictions Interactive Brokers will support, as these factors could further influence market sentiment. Regulatory developments or announcements from major Ethereum stakeholders, such as the Ethereum Foundation or key financial institutions, might also impact Ethereum’s market dynamics. Observers are likely to focus on changes in Ethereum’s staking metrics and any shifts in market odds regarding its price targets for the end of 2026.
Term Structure
Contract Odds Δ since publish Volume 24h December 31, 2026 0.9% — — View market → December 31, 2026 0.9% — — View market → December 31, 2026 1.9% — — View market → December 31, 2026 3.1% — — View market → December 31, 2026 6% — — View market → January 1 2027 20% — — View market → January 1 2027 4.5% — — View market → January 1 2027 1.1% — — View market → January 1 2027 1.1% — — View market → January 1 2027 2.5% — — View market → January 1 2027 4.1% — — View market → January 1 2027 8.5% — — View market → January 1 2027 8.8% — — View market → January 1 2027 2.6% — — View market → January 1 2027 1.7% — — View market → January 1 2027 5.5% — — View market → January 1 2027 44.5% — — View market → January 1 2027 13.5% — — View market → January 1 2027 2.1% — — View market → January 1 2027 21% — — View market → January 1 2027 47.5% — — View market →
Ripple has minted a record volume of RLUSD stablecoin as it sees an uptick in treasury activity and institutional uptake.
There has been another large minting of Ripple USD (RLUSD) stablecoin, pegged to the U.S. dollar, as treasury activities increase with institutional uptake.
As per the Ripple Stablecoin Tracker, another 19.6 million RLUSD tokens, which is equivalent to $19.6 million, have been minted on the RLUSD Treasury Ethereum.
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Previously, 19 million RLUSD tokens were also minted. In these two transactions, 38.6 million RLUSD have been newly minted.
However, a number of RLUSD burns have also occurred on the treasury. Three separate burns of 13 million, 18 million, and 19.6 million RLUSD tokens have been identified, the tracker said.
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A total of five transactions were reported. In the five transactions, a total of 38.6 million RLUSD was minted, and 50.6 million RLUSD was burned, with a net burn of 12 million tokens.
It is worth noting that the burns happened on the XRP Ledger, while the two mints happened on Ethereum.
Currently, RLUSD has a market cap of around $2.42 billion, as per CoinGecko, making it one of the largest stablecoins pegged to the U.S. dollar. Its value continues to hover around the $1 peg.
RLUSD sees a huge banking breakthroughThe recent minting news comes after British banking giant Standard Chartered released some big news around RLUSD.
On Oct. 12, the bank officially launched institutional custody for RLUSD on the XRP Ledger.
Institutional custody for RLUSD issued on the XRP Ledger is now live and accessible via Standard Chartered's branch in the Dubai International Financial Centre, which is regulated by the Dubai Financial Services Authority, the bank announced.
It gets even more promising as Standard Chartered is also partnering with Ripple and LMAX Group to use RLUSD as eligible trading collateral.
In the potential partnership, the intention is for RLUSD held in Standard Chartered custody to be used as collateral for institutional investor trading on LMAX without directly moving the RLUSD tokens to LMAX for trading.
However, the collateral use has not been introduced yet and will be subject to testing, final documentation, and regulatory approval.
Ethereum’s validator set is in the middle of a quiet renovation. According to an update tied to Lido, staked ETH sitting on 0x02 validators has now reached 40%.
The move came from two sources. Around 1.8 million ETH migrated over from older 0x01 validators, and total ETH staked on 0x02 validators rose by 2.8 million.
What changed, and why validators are moving
Ethereum’s Pectra hard fork in May 2025 changed the rules through EIP-7251. Validators using the newer 0x02 type can now carry an effective balance of up to 2,048 ETH. Bigger stakes fit into one validator, and rewards can compound instead of stalling at a fixed ceiling.
Lido, Ethereum’s leading liquid staking protocol, has leaned into this hard. Its Curated Module v2, or CMv2, launched on July 27, 2026. The plan is to consolidate over 8 million ETH, worth approximately $16 billion at the time, from more than 265,000 legacy validators into an estimated 4,000 active 0x02 validators.
Those 8 million ETH represent around 20% of all staked ETH. Collapsing 265,000 validators into roughly 4,000 is the staking equivalent of merging a sprawling office park into a single tower.
The numbers behind the shift
The consolidation has already moved the needle on Lido’s own footprint. Its share of staked ETH on 0x02 validators climbed from approximately 32% to around 52%, according to the research findings.
As of late October 2026, the share of all staked ETH on 0x02 validators approached 50%. The 32 ETH validator is slowly becoming a legacy format.
Once consolidation wraps up, the network is expected to drop from an estimated 880,000 validators to approximately 628,000. The research points to an expected reduction of about 29% in consensus attestation traffic per epoch.
Bonds, accountability and what comes next
CMv2 also introduces a bonding requirement for curated operators. Under the new module, operators must lock up ETH as collateral. That bond can be seized for violations such as slashing or downtime.
Lido is also building a Community Staking Module, or CSM, slated for mainnet in Q4 2026. The goal is to allow permissionless operator participation, opening the door to node runners who are not part of Lido’s curated set.
What this means for Ethereum and stakers
For the Ethereum network, shrinking the validator set by about one-third should ease network load, reduce attestation traffic and cut operational overhead. For stakers, with a 2,048 ETH ceiling, rewards can compound inside a single validator rather than stalling at the old 32 ETH cap.
Lido already holds a large share of staked ETH, and its share of 0x02 stake has reportedly jumped to around 52%. The bonding system and the upcoming Community Staking Module are Lido’s answer to concentration concerns. A permissionless module, if it ships as slated in Q4 2026, could broaden who actually operates the infrastructure.
The key metrics to track from here are the network-wide 0x02 share as it climbs toward and potentially past 50%, the total validator count as it moves from roughly 880,000 toward the projected 628,000, and whether CSM lands on schedule in Q4 2026.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Sberbank, Russia's largest bank, has received approval to offer Bitcoin, Ethereum, and USDT transactions.
Sberbank, Russia’s largest bank, has received approval from the Central Bank of Russia to offer cryptocurrency trading services. The bank is reportedly beginning to test Bitcoin, Ethereum, and USDT transactions within its mobile application.
Sberbank reportedly plans to open cryptocurrency transactions to all its customers starting December 1st. This will allow users to access supported digital assets through the bank’s app without having to send funds to a separate cryptocurrency exchange.
In early October, Sberbank was also added to the list of digital custodians responsible for maintaining records of cryptocurrency assets and digital rights.
The bank stated that the authorizations granted will enable the provision of cryptocurrency services through the banking platforms that customers currently use.
Sberbank has announced plans to launch its first cryptocurrency products on December 1, 2026.
Besides Sberbank, eight other companies are on the list of authorized cryptocurrency trading platforms. These include VTB and T-Bank, two of Russia’s major banks, as well as T-Invest Lab, which operates within the same group.
The law on digital currencies and digital rights, which came into effect in Russia on September 1, 2026, created a comprehensive legal framework for cryptocurrency transactions in the country.
According to the new regulation, cryptocurrency transactions can be carried out through existing exchanges, brokerage firms, and custody service providers. In addition, specially authorized cryptocurrency exchanges and digital custody organizations can also operate.
While digital assets can be bought and sold through cryptocurrency exchanges, digital custody institutions ensure that the rights to these assets are registered.
*This is not investment advice.
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DOGE futures open interest declined 5.51% to $614.9 million, signaling reduced derivatives exposure.
DOGE’s latest green candle follows a failed resistance breakout and a brief move below descending-channel support.
Binance accounts for nearly 43% of DOGE futures open interest tracked by Coinalyze.
The $0.087 region presents an important technical test for buyers.
Dogecoin recovered toward $0.085 on October 13 after a sharp selloff pushed the token below a key technical support area. The rebound followed an unsuccessful attempt to break resistance in the previous session, leaving DOGE caught between short-term buying interest and a broader downward trend.
DOGE traded near $0.08496, with a market capitalization of $14.61 billion and approximately $2 billion in daily trading volume. Although the latest candle turned green, the token remained below several major moving averages.
Derivatives positioning also weakened during the selloff, suggesting that the recovery has yet to attract convincing renewed speculative participation.
The immediate question is whether buyers can sustain the recovery above reclaimed support or whether resistance near $0.087 will continue to limit further gains.
DOGE Recovers, but the Technical Structure Remains Weak
Dogecoin’s October 12 daily candle briefly pushed above resistance near $0.08696, with its upper wick extending beyond the 200-day simple moving average around $0.08753. However, buyers failed to sustain the move, and the session reversed sharply lower, according to the Coinbase DOGE/USD chart from TradingView.
Dogecoin tests key technical levels.
DOGE subsequently fell below the $0.08246 Fibonacci retracement level and approached the descending channel’s lower boundary.
Selling pressure continued into October 13, when the token briefly fell to $0.07992, moving beneath the channel’s lower trendline and the 100-day moving average near $0.08090.
Buyers subsequently pushed the price back toward $0.08495, reclaiming the Fibonacci level and moving DOGE back inside the channel. At the time of the October 13 snapshot, DOGE is up 3.48% from the previous day’s close, with the daily candle still forming.
The recovery is technically notable because the initial move below channel support was not sustained. However, the failed resistance test in the preceding session and the broader sequence of lower highs suggest that selling pressure has not been decisively overcome.
DOGE also remains below its 20-day moving average near $0.09166 and its 50-day average around $0.08860, leaving several obstacles to a more sustained recovery.
The Price Levels That Matter Next
The immediate technical focus is whether Dogecoin can maintain its recovery above the $0.08246 Fibonacci level after briefly trading below it.
A sustained move through $0.08696 would bring the 200-day moving average near $0.08753 back into focus. Both levels were tested unsuccessfully during the preceding session, making that area an important obstacle for buyers.
Beyond that resistance cluster, $0.09146 represents the next significant upside reference, close to the 20-day moving average.
On the downside, renewed weakness below $0.08246 would shift attention toward $0.08090 and the descending channel’s lower boundary. A deeper decline could expose support around $0.07605.
DOGE Technical Levels | October 13, 2026
Technical Reference
Dogecoin’s Recovery Levels
Based on the October 13 DOGE/USD daily chart
Upper resistance
$0.09146
Fibonacci level
First resistance
$0.08696
Recovery threshold
Initial support
$0.08246
Nearby price floor
Lower support
$0.07605
Downside reference
Source: TradingView, DOGE/USD Coinbase daily chart, October 13, 2026. Levels are technical references, not price forecasts.
Falling Open Interest Points to Reduced Derivatives Exposure
Dogecoin’s derivatives market provides a second indication that speculative activity has cooled.
The latest information from Coinalyze showed $614.9 million in open interest, entirely attributed to perpetual contracts in the displayed dataset. The 5.51% daily decline represents a reduction in the value of outstanding positions.
Dogecoin open interest declines over the past 24 hours.
Open interest measures contracts that remain active, rather than the volume traded during a particular period. It can decline when traders close positions, when positions are forcibly liquidated or when the notional value of existing contracts falls alongside the underlying asset’s price.
Consequently, lower open interest is consistent with deleveraging but does not establish how much of the decline resulted from forced liquidations.
The distribution across exchanges also reveals where DOGE derivatives exposure is concentrated.
Binance accounted for approximately $263.3 million, representing nearly 43% of the reported total. Bybit followed with $120.2 million, while OKX and Hyperliquid held $111.5 million and $105.5 million, respectively.
Together, those four venues represented approximately 97.7% of the open interest shown in the snapshot.
That concentration matters because changes in leveraged positioning on a relatively small number of trading platforms can influence short-term market volatility.
For now, the combination of lower prices over the week and declining open interest points to reduced derivatives exposure rather than a clear resurgence of speculative demand.
The Wider Crypto Selloff Adds Pressure
Dogecoin’s decline comes amid broader weakness in cryptocurrency markets. On October 12, Bitcoin briefly fell below $82,000, while Solana, XRP and other altcoins suffered sharper losses.
At the time of the October 13 snapshot, Coinglass recorded approximately $812 million in leveraged liquidations over the preceding 24 hours, with long positions accounting for roughly 84.3% of the total.
Cryptocurrency liquidation heatmap showing leveraged position closures across Bitcoin, Ethereum and other digital assets.
Forced closures can intensify downward price movements as exchanges automatically unwind positions when traders can no longer meet margin requirements.
Dogecoin remains particularly sensitive to these conditions because its valuation depends heavily on speculative demand, trading liquidity and market sentiment rather than contractual cash flows.
With no identified Dogecoin-specific network disruption or major protocol announcement driving the decline, broader market deleveraging appears to be the principal source of pressure.
What Would Confirm a Stronger Dogecoin Recovery?
The next meaningful signal will come from the relationship between price and derivatives positioning.
A sustained move above nearby resistance, accompanied by stabilizing or rising open interest, would suggest renewed participation in the recovery.
That would not automatically establish bullish momentum. The direction of new positioning would still need to be assessed through funding rates and other derivatives indicators.
A sustained recovery would require DOGE to overcome the $0.087 resistance region, supported by stronger spot demand and improving derivatives participation. Until those conditions emerge, the latest green candle remains an attempted stabilization within a broader declining trend.
Alexander Zdravkov is a crypto journalist and market analyst specializing in digital assets, blockchain technology, and the rapidly evolving cryptocurrency market. He entered the industry more than four years ago, drawn to the speed of innovation in crypto and the potential of blockchain-based financial systems to reshape traditional markets.
His work focuses on understanding the forces behind crypto market movements, from Bitcoin and altcoin cycles to institutional adoption, regulation, exchange-traded products, stablecoins, DeFi, and emerging blockchain ecosystems. Rather than simply following price action, Alexander looks at liquidity, investor positioning, market structure, and macroeconomic conditions to identify developing trends and explain what they could mean for digital assets.
With a degree in International Relations, he brings a broader perspective to cryptocurrency coverage by connecting developments in the sector with monetary policy, geopolitics, regulation, and global capital flows. This allows him to examine crypto not as an isolated market, but as an increasingly interconnected part of the global financial system.
Over the course of more than five years in financial journalism, Alexander has written over 5,000 articles covering cryptocurrencies, blockchain, traditional markets, and the global economy. His reporting spans Bitcoin, Ethereum and altcoins, DeFi protocols, institutional crypto adoption, regulation, market infrastructure, security incidents, and major developments shaping the wider digital asset industry.
His approach is centered on giving readers context behind the numbers and headlines, explaining not only what is happening in crypto markets, but why it matters and what could come next.
BOSTON, Oct. 13, 2026 (GLOBE NEWSWIRE) -- The Catastrophe and Risk Solutions business at Verisk (Nasdaq: VRSK), a leading strategic data analytics and technology partner to the global insurance industry, estimates insured industry losses to onshore property from Hurricane Isaias will range from USD 1 billion to USD 2 billion. The estimate includes losses from wind and privately insured storm surge resulting from Isaias' landfall in the Florida Panhandle. Wind is expected to account for the vast majority of insured losses.
Meteorological Summary
Hurricane Isaias made landfall near Destin, Florida, at approximately 8:30 p.m. CDT on Oct. 9 as a Category 2 hurricane with maximum sustained winds of 105 mph and a minimum central pressure of 971 mb. The storm weakened rapidly after moving inland and transitioned into a post-tropical cyclone over Alabama early the following morning.
Isaias became the ninth named storm of the 2026 Atlantic hurricane season after developing over the Gulf. The storm steadily intensified over exceptionally warm waters, reaching Category 3 strength with maximum sustained winds of 120 mph before weakening prior to landfall.
Several factors contributed to Isaias' rapid intensification, including near-record sea-surface temperatures for early October, a compact wind field and core structure favorable for strengthening, and slower-than-anticipated development of damaging wind shear. Although increasing shear weakened the storm before landfall, Isaias reached the Gulf Coast as a significant hurricane and generated damaging wind impacts across portions of Florida, Alabama and Georgia.
Putting Damage in Perspective
The most severe wind damage occurred west of Isaias' landfall location, particularly in Florida’s Santa Rosa and northeastern Escambia counties. Reported impacts included roof damage, structural damage, downed trees and widespread debris. In Okaloosa County, the most common damage mechanism was trees falling onto residential structures. Overall, the event was characterized primarily by wind-related damage, including fallen trees, damaged roofs, fencing losses and debris impacts.
Power outages were widespread across the Florida Panhandle, with some counties reporting outages affecting a majority of residents. Additional impacts were reported in Alabama and Georgia, where the weakening storm and its remnants caused downed trees and further power disruptions.
Modeling Insights
The insured industry loss estimate includes losses to onshore residential, commercial and industrial properties and automobiles for building, contents and time-element coverages. The modeled scenarios include losses from wind and storm surge. Losses from precipitation-induced flooding are not expected to be significant for this event.
The estimate does not include:
Losses from precipitation-induced floodingLosses paid by the National Flood Insurance ProgramLosses exacerbated by litigation, fraudulent assignment of benefits or social inflationStorm surge leakage losses paid on wind-only policies due to government interventionLosses to inland marine, ocean-going marine cargo and hull, and pleasure boatsLosses to uninsured propertiesLosses to infrastructureLosses from extra-contractual obligationsLosses from hazardous waste cleanup, vandalism or civil commotion, whether directly or indirectly caused by the eventLosses resulting from the compromise of existing defenses, including natural and man-made leveesLoss adjustment expensesOther non-modeled losses, including those resulting from tornadoes spawned by the stormLosses for U.S. offshore assets and non-U.S. property Verisk continues to monitor the impacts of Hurricane Isaias and assess insured losses as additional claims and damage information become available.
About Verisk
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, catastrophic events, sustainability and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work. For more, visit Verisk.com and the Verisk Newsroom.
Tržby Columbia Sportswear z obuvi ve 2. čtvrtletí 2026 meziročně vzrostly o 5 % na 117 milionů USD, zatímco tržby z oděvů, doplňků a vybavení vzrostly jen o 1 %.
Key Takeaways Columbia Sportswear's footwear sales grew 5% to $117 million in Q2 2026, outpacing apparel's 1% growth.Strong demand for Omni-MAX footwear & premium styles drove growth, with Tellurix Titanium OutDry selling out.COLM expects footwear to outpace apparel in 2026, with Spring 2027 wholesale orders signaling further growth. Columbia Sportswear Company (COLM - Free Report) is gaining traction in footwear, supported by growing demand for technical products, innovation and stronger consumer interest in premium styles. Footwear has emerged as a key growth priority under the Columbia Sportswear brand's ACCELERATE strategy, which focuses on attracting younger, more active consumers through improved product offerings. The momentum across hiking, trail running and fishing footwear highlights encouraging progress, raising the question of whether continued category strength can support broader sales growth.
The company's second-quarter 2026 results reflected this momentum. Total footwear sales increased 5% year over year to approximately $117 million, compared with 1% growth in apparel, accessories and equipment. Columbia Sportswear-branded footwear delivered high-single-digit percentage growth globally, supported by demand for technical styles featuring proprietary Omni-MAX technology. However, the broader footwear category's growth was partially offset by declining SOREL footwear sales.
Product innovation has been central to Columbia Sportswear's footwear performance. The Tellurix Titanium OutDry shoe sold out during the quarter, reflecting strong consumer demand for premium hiking footwear. Other notable performers included the Peakfreak hiking franchise, Konos trail-running shoes and Dry Tortuga fishing footwear. Demand for elevated footwear also gained traction among younger consumers. In Japan, the Thrive Revive Shandal emerged as another successful offering, selling out during the quarter.
Looking ahead, footwear remains a key growth priority for Columbia Sportswear. The Spring 2027 wholesale order book indicates low-to-mid-single-digit percentage growth, with footwear outpacing apparel and newer styles gaining traction among younger, active consumers. Columbia Sportswear also expects footwear growth to exceed apparel growth in 2026. Strong demand for technical products and improving wholesale orders support continued momentum, although sustaining growth will depend on consumer demand and product execution.
Columbia Sportswear’s Zacks Rank & Share Price PerformanceThis Zacks Rank #3 (Hold) stock has fallen 10.2% in the past three months compared with the broader Consumer Discretionary sector and the industry’s decline of 2.3% and 2.6%, respectively. COLM has also underperformed the S&P 500, which gained 3.1% during the same period.
COLM Stock's Past 3 Months' Performance
Image Source: Zacks Investment Research
Is COLM a Value Play Stock?Columbia Sportswear currently trades at a forward 12-month P/E ratio of 13.56, below the industry’s average of 15.09 and the sector average of 14.89. This valuation positions the stock at a modest discount relative to both its direct peers and the broader consumer staples sector.
COLM P/E Ratio (Forward 12 Months)
Image Source: Zacks Investment Research
Key PicksVince Holding Corp. (VNCE - Free Report) provides luxury apparel and accessories in the United States and internationally. At present, the company sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Vince Holding’s current fiscal-year sales and EPS indicates growth of 14% and 175%, respectively, from the year-ago number. Vince Holding has delivered a trailing four-quarter earnings surprise of 561.4%, on average.
Ralph Lauren Corporation (RL - Free Report) is a designer and marketer of premium lifestyle products. RL currently carries a Zacks Rank of 2 (Buy). Ralph Lauren delivered a trailing four-quarter earnings surprise of 8.7%, on average.
The Zacks Consensus Estimate for Ralph Lauren’s fiscal-year sales and EPS indicates growth of 7.6% and 13.3%, respectively, from the year-ago number.
Steven Madden, Ltd. (SHOO - Free Report) designs, sources and markets fashion-forward branded and private label footwear, accessories and apparel in the United States and internationally. It carries a Zacks Rank #2 at present. Steven Madden delivered a trailing four-quarter average earnings surprise of 10.6%.
The Zacks Consensus Estimate for Steven Madden’s current fiscal-year earnings and revenues implies growth of 13% and 26.5%, respectively, from the year-ago actuals.
BILL Holdings v posledních dvou čtvrtletích v průměru překonala odhady zisku o 22,69 %; aktuální Earnings ESP ve výši +0,15 % naznačuje možnost dalšího překonání.
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering BILL Holdings (BILL - Free Report) , which belongs to the Zacks Internet - Software industry.
When looking at the last two reports, this payment processing software company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 22.69%, on average, in the last two quarters.
For the most recent quarter, BILL Holdings was expected to post earnings of $0.69 per share, but it reported $0.84 per share instead, representing a surprise of 21.74%. For the previous quarter, the consensus estimate was $0.55 per share, while it actually produced $0.68 per share, a surprise of 23.64%.
Price and EPS Surprise
For BILL Holdings, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
BILL Holdings has an Earnings ESP of +0.15% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #1 (Strong Buy), it shows that another beat is possibly around the corner.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Cardano has set a new transaction record after processing 1,780,896 transactions during Epoch 660, according to blockchain explorer Cexplorer.io.
The figure surpasses the previous record of 1,566,974 transactions recorded in Epoch 304. Cexplorer reported that the latest epoch also generated ₳337.72K in transaction fees, with each block containing an average of 83.83 transactions.
The milestone highlights increased transaction activity on the Cardano mainnet amid recent price action of the ADA token.
Cardano Mainnet Passes 125 Million Transactions The new record follows another milestone reported by Cexplorer on October 9, when Cardano surpassed 125 million processed transactions on its mainnet.
At the time, Epoch 660 had already added 986,787 transactions to the network’s cumulative total. The epoch subsequently recorded 1,780,896 transactions, according to Cexplorer’s latest update.
The figures point to continued on-chain activity as Cardano processes transactions across successive epochs. Meanwhile, total transaction counts do not necessarily represent unique users, as one user or application can generate multiple transactions.
Epoch 660 Generates ₳337.72K in Fees Cexplorer’s data also provides insight into Cardano’s network activity during Epoch 660, which ran from October 6 to October 11, 2026. The epoch processed nearly 1.8 million transactions across 21,243 blocks, generating approximately ₳337,720 in fees. Average fees stood at around ₳0.19 per transaction.
For comparison, Epoch 659 processed 158,011 transactions and generated ₳49.49K in fees, while Epoch 658 recorded 159,916 transactions and ₳53.51K in fees.
These figures show that Epoch 660 recorded a much higher transaction count than the preceding epochs shown in Cexplorer’s data. The difference reflects a change in transaction activity during the period.
Cardano ADA processed 1,780,896 transactions in Epoch 660 Is ADA’s Price Fueling Record Transaction Activity? Notably, the milestone comes amid increased interest in ADA’s next price move. For context, ADA has surged by 20.55% over the past 30 days, while Bitcoin has gained only 8% over the same period.
ADA currently trades at $0.2515, representing a substantial gain of 82.5% from Cardano’s June low of $0.1387. The token even briefly touched $0.2824 before retracing slightly.
Now, many market watchers are looking to see ADA reclaim the $0.30 level and advance into the $0.40 range and beyond.
Essentially, these impressive price movements may be contributing to the ongoing record in Cardano’s on-chain activity.
Meanwhile, whether the higher transaction count continues in subsequent epochs will help determine whether this was an isolated increase or part of a sustained change in network usage.
13 October 2026 | 12:12 Cardano and Bitcoin treasury firm Strive surfaced in a podcast debate over a question many long-term crypto holders eventually face: would they make the same purchase today?
Key Takeaways Lark Davis says long-held crypto positions should be tested against current alternatives. ADA and Strive shares depend on different sources of value and risk. Distance from a previous all-time high says little on its own about either asset’s current case. Crypto YouTuber Lark Davis, known online as The Crypto Lark, has spent several market cycles discussing Bitcoin, altcoins and crypto-linked equities with a large retail audience. In recent podcast, he used Cardano and Strive to challenge a familiar habit: keeping an old position because it has been there for years.
“Every day that you’re holding it, you’re continuing to buy it,” Davis said.
The line captures the useful part of the discussion. A past entry price does not decide whether a position still belongs in a portfolio. The harder question is whether its current thesis still makes sense beside the alternatives available today.
ADA and ASST answer different investment questions The comparison becomes more complicated once the two assets are separated. ADA is Cardano’s native token, while ASST is a share in a public company that has adopted a Bitcoin treasury strategy.
Question Cardano (ADA) Strive (ASST) What is being valued? A token tied to Cardano’s network, liquidity and ecosystem activity. Equity in a listed company that holds Bitcoin and raises capital around that strategy. What can move the price? Network demand, token use, staking, liquidity and broader crypto sentiment. Bitcoin’s price, Bitcoin held per share, financing conditions and the value investors place on the company. What investors must monitor Whether Cardano converts development and ecosystem growth into sustained demand for ADA. Share issuance, debt or preferred claims, and whether new capital increases Bitcoin exposure on a per-share basis. The distinction matters because a bullish Bitcoin view does not automatically settle the case for a Bitcoin treasury stock, just as Cardano’s technical development alone does not settle the case for ADA. Each position requires a separate chain of evidence.
Cardano’s current case rests on more than staking The podcast debate focused heavily on whether Cardano’s use supports its valuation. That question is better approached through a current network snapshot than through a comparison with an earlier bull market.
At the time of writing, CardanoScan showed about 21.45 billion ADA staked, equal to roughly 57.1% of circulating supply. The network also had more than 2,800 registered stake pools and over 126 million confirmed transactions since launch.
Those numbers describe a sizable staking base and a long-running network. The next layer of analysis involves active users, stablecoin liquidity, decentralised-finance activity and whether applications retain demand over time. DeFiLlama’s Cardano dashboard can provide part of that picture, though no single metric can capture an ecosystem on its own.
Cardano’s Bitcoin DeFi push gives investors a current case to follow beyond the announcement itself. At the time of writing, DeFiLlama listed $68.92 million in total value locked on Cardano and $68.25 million in stablecoin market capitalisation. Minswap, with $17.02 million in TVL, and lending protocol Liqwid, with $13.12 million, were the two largest applications by value locked. Those figures establish the current liquidity base; the next test is whether new Bitcoin DeFi products add durable activity and capital rather than simply redistribute what is already on the chain.
A Bitcoin treasury share adds a corporate layer Strive’s appeal in the podcast came from the prospect that a smaller Bitcoin treasury company could offer more upside than a large, established crypto asset.
The speakers described Strive and Strategy as ways to amplify Bitcoin exposure, which is why the comparison can appeal to Bitcoin-focused investors. Its own treasury dashboard reported 29,462 BTC held as of October 2, putting Bitcoin at the centre of the company’s equity story.
Yet the company’s share price also reflects how that Bitcoin position is financed. In a filing covering the period from April 1 to May 12, Strive said it issued about 3.89 million Class A shares and raised $58.4 million through its sales agreement. The proceeds supported its wider treasury strategy, while the issuance also changed the number of shares through which investors claim that value.
This is why Bitcoin treasury stocks need to be read as companies, not only as Bitcoin proxies. The same balance-sheet pressure has become visible at Strategy, where recent results placed Bitcoin holdings alongside preferred-dividend obligations and common-shareholder outcomes.
Why the 10x comparison stops short The most tempting part of the podcast comparison is also the least complete: both Cardano and Strive appear to offer substantial upside when measured against previous highs.
The comparison also drew on the contrast between buying Cardano in its earlier cycles and buying it today. That distinction matters, but a previous high still does not explain what would drive a return there.
Prices and return comparisons cited by the speakers during the podcast. They are historical reference points rather than forecasts. An earlier ADA peak came in a different market cycle, with different liquidity conditions and a different level of adoption across crypto. A previous ASST high needs even more context, because public-company prices can be affected by mergers, stock structure, capital raises and changes in the amount of Bitcoin held per share.
A return to an old level therefore requires more than a positive market. Cardano would need its network activity and token demand to support a stronger valuation. Strive would need Bitcoin exposure, capital allocation and its corporate structure to work in shareholders’ favour at the same time.
That is the gap between a chart comparison and an investment thesis.
The question that follows the podcast debate Davis’s challenge is useful when it is taken beyond the simple choice between Cardano and Strive. A holder can ask what evidence currently supports the position, what would weaken that view, and whether the asset still fits the role it was originally bought to fill.
For ADA, the focus is whether Cardano can translate network development into durable demand. For Strive, the focus is whether it can grow Bitcoin exposure per share without allowing financing costs or dilution to outweigh that progress.
Both questions depend on current execution. Neither can be answered by an old chart peak alone.
This article is for informational purposes only and does not constitute financial or investment advice. Crypto assets and publicly traded shares carry risk, and past performance does not guarantee future results.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Solada.fun, which calls itself the first Cardano launchpad on Solana, recorded 129,500 ADA in trading activity over the past 24 hours.
The development highlights strong interest in its cross-chain token launch platform. In an October 13 update, the platform reported 277 users, including 176 active traders. It also had 34 live token launches: 24 on Solana and 10 on Cardano.
Two tokens, $PAWS on Solana and $JUSTQ on Cardano, also graduated from the platform. Users earned more than 4,000 ADA in rewards during the same period.
These figures show Solada.fun’s early efforts to connect Cardano users and creators with Solana’s trading ecosystem.
Cardano and Solana numbers on Solada
How Solada Connects Cardano and Solana
Solada.fun launched its ADA-focused platform on October 9 as the first launchpad to connect Cardano and Solana. The project later confirmed that its cross-chain features were live.
The platform lets creators launch tokens on Solana through Pump.fun using Cardano wallets. Solana users can then buy and trade these tokens without needing a Cardano wallet.
This makes it easier for users to access projects on another blockchain without switching ecosystems.
Solada says it manages token supply across both blockchains using custodial reserves. It charges a launch fee of 15 ADA to help cover costs and liquidity, while creators receive rewards in ADA.
The platform aims to help Cardano creators reach more traders on Solana while still using ADA for parts of the process.
Could Solana Help Cardano Projects Reach More Users?
X user Kat said Cardano projects could reach more people by going where traders already are instead of trying to bring them to Cardano. Solana has a large trading community and strong liquidity, making it an attractive option for Cardano creators who want to reach more users.
The idea is to bring Cardano projects to Solana’s existing traders rather than asking those traders to switch to Cardano.
Credit where it's due, this is exactly the type of project that blows up in other ecosystems, is this going to be Cardano's moment?@soladafun is the 1st Cardano launchpad on Solana 👀
Creators can launch tokens on Solana using ADA/Cardano wallets, and Solana users can buy…
— Kat (@TheRealWeb3Kat) October 12, 2026
Solada’s latest figures show early user activity, and analysts are watching to see the platform maintain trading volumes, rewards, and user growth over time.
The platform has launched tokens on both Solana and Cardano, suggesting it aims to serve both communities. Solada’s long-term success will depend on keeping traders active, supporting token performance and maintaining growth beyond its initial launch period.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The official Cardano Card X (formerly Twitter) account announced that the multi-chain crypto payment card associated with the Cardano ecosystem, Cardano Card, will be discontinued on October 31, 2026.
Important update for Cardano Card holders:
The Cardano Card will be discontinued on 31 Oct 2026. Your card will keep working as normal until then.
Wirex, our partner on the Cardano Card program, is moving to a non-custodial model and discontinuing its custodial infrastructure. Because of that, our partnership with Wirex ends on 31 Oct 2026.
If you hold a Cardano Card, this affects you directly, and we want you to hear it from us first.
Stay tuned for what comes next for the program, more details to be shared soon.
— Cardano Card (@cardano_card) October 13, 2026
In an important update for cardholders, the account said the Cardano Card will continue to function normally until the scheduled sunset date. The announcement gives users a deadline to prepare for the end of the service while they await further information about the program's future.
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This decision follows a change in business direction by Wirex, the partner behind the Cardano Card program. The announcement said Wirex will shut down its existing custodial infrastructure and move to a non-custodial model. Consequently, its partnership with the Cardano Card program will end on October 31, 2026.
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In November 2025, Emurgo announced a partnership with Wirex to launch the official Cardano Card, integrated into the Wirex app and accessible to over 6 million users in 130 countries.
The Cardano Card enables users to spend over 685 cryptocurrencies including ADA, BTC, ETH, and USDC, and pay anywhere Visa is accepted. Users can also access DeFi services such as loans and yield.
Now the card is set to be discontinued on October 31, 2026, leaving the Cardano community to seek answers on what comes next.
According to the notice by Cardano Card, for holders directly affected, it seeks to hear from them first. The account also indicated that more details about what comes next for the program would be shared soon.
October 31 remains key dateIt should be recalled that in July 2026, Emurgo, the entity behind the Cardano Card, announced it was stepping down from its duties as a member of the Pentad—a collaborative executive governance and strategic alignment structure formed by five key entities in the Cardano ecosystem to drive critical infrastructure deployment and growth—in order to focus on the SecondFi recovery process. This leaves the rest of the Pentad as Input Output, Cardano Foundation, Intersect, and Midnight Foundation.
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Given this, what comes next for the Cardano Card remains unknown, as it has not yet been confirmed whether a replacement card, a new service provider, or an alternative payment arrangement will be introduced.
For ADA holders who use the card, October 31, 2026, remains the key date to remember.
A massive token reserve looks like the ultimate safety net for a proof-of-stake blockchain. New research from the Cardano ecosystem suggests that the net may have holes in it.
A paper presented at the 8th Conference on Advances in Financial Technologies (AFT 2026) argues that a large stockpile of native tokens is not enough, on its own, to guarantee a network’s long-term security.
What the paper actually found
The research is titled “Reserve Depletion and Security Runway in Proof-of-Stake Systems.” It was co-authored by Paolo Penna of Input Output Global (IOG) and Manvir Schneider of the Cardano Foundation.
The Cardano Foundation presented the work at AFT 2026, held in London from October 6-9, 2026. The paper appears in the LIPIcs proceedings, dated October 2, 2026.
The central contribution is something the authors describe as a state-dependent reserve threshold. Think of it as a dividing line whose position moves depending on the current conditions of the network.
Above or below that line, a proof-of-stake system lands in one of three distinct security conditions:
Complete failure: the network cannot sustain adequate security, regardless of how things play out.
Reserve-dependent security: the network is secure, but only because the reserve is propping it up.
Fee-only security: the network can stay secure on transaction fees alone, with no need to dip into the reserve.
The authors built their model using discrete-time stochastic methods, treating key variables as uncertain rather than fixed. According to the research, the findings point to vulnerabilities that may persist even when reserves are substantial, particularly in the face of market volatility.
Why Cardano’s reserve design is a useful test case
Under Cardano’s design, 0.3% of the remaining reserves is drawn each epoch to fund rewards. Taking a fixed percentage from a pot means the absolute size of each withdrawal gets smaller as the pot itself shrinks.
Because the threshold is state-dependent, a network does not get assigned one permanent category. Shifts in market conditions could move it from one region to another.
What this means for investors and protocols
For investors, the most direct takeaway is that reserve size alone may be a misleading comfort metric. The research suggests two factors stand out: whether a protocol’s reserves are adequate relative to its security needs, and how its reward disbursement mechanism actually works over time. A slow, percentage-based drawdown behaves very differently from a fixed payout schedule, and both behave differently when markets swing.
There are clear limits to keep in mind. This is a theoretical model, not a verdict on any specific network’s present condition, and the paper does not predict when or whether any chain will cross into the failure region. What it offers is a framework for asking better questions.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Whale selling and declining network participation are putting Cardano under pressure.
After ending September with massive gains, Cardano appears to be struggling again, losing almost 12% in the past week alone.
But new data suggests that it could face more downside pressure as whale selling and weaker network activity raise concerns about its price outlook.
ADA Price at Risk?
According to crypto analyst Ali Martinez, large holders have sold more than 110 million ADA over the past five days. This adds selling pressure as the token approaches a key support level. To top that, network activity is also slowing. Daily active addresses have dropped 41.36%, after falling from 27,248 to 15,977. The decline indicates fewer users are interacting with the Cardano network.
All eyes are on the $0.24 support level. Martinez believes that a break below it could push ADA toward $0.21, near the lower boundary of its rising channel.
Despite the drop in daily active addresses, Cardano recently set a new transaction record for the first time in five years. During Epoch 660, the network handled 1,780,896 transactions, beating its previous high of 1,566,974 from November 2021. That works out to an average of 83.83 transactions per block, which is a new all-time high for the network.
While short-term signals exhibited a mixed picture, Crypto Patel is sticking to a much more optimistic view of ADA. The analyst believes Cardano could still have plenty of room to run. The analyst is now watching $0.2887, a level the crypto asset needs to close above on the two-week chart to confirm the breakout. If that happens, ADA’s rally could extend toward $0.50, $1, $2, $3, and eventually $5.
Other Developments
Beyond its price action, the ecosystem has seen a couple of notable developments. The Cardano Foundation rolled out CIP-0113, a new token standard for regulated assets last week. It lets issuers set rules on who can hold their tokens and freeze or seize holdings when required. The move could make it easier for banks and fund managers to bring assets like bonds and funds onto Cardano.
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Additionally, the foundation’s digital identity project, Veridian, has become an independent Swiss company. It has also tokenized its shares on Cardano and plans to build identity tools for businesses, governments, and AI agents.
Společnost Kinder Morgan po opravách obnovila dodávky zemního plynu do Mexika prostřednictvím plynovodu Tennessee Gas Pipeline a zrušila stav vyšší moci vyhlášený kvůli výpadku.
Key Takeaways KMI restored natural gas deliveries to Mexico after repairing its Tennessee Gas Pipeline infrastructure.KMI's pipeline network supports U.S. gas exports to Mexico for electricity generation and industrial use.KMI serves Mexico's growing gas needs through cross-border infrastructure linking U.S. supply to demand. Kinder Morgan, Inc. (KMI - Free Report) has resumed natural gas deliveries to Mexico through its Tennessee Gas Pipeline following repairs that resolved operational issues affecting cross-border shipments. The company lifted the force majeure declaration after restoring the affected pipeline infrastructure, marking an important development for its natural gas transportation business. The swift restoration highlights Kinder Morgan's operational responsiveness and the strategic importance of its pipeline network.
KMI’s Pipeline Restoration Strengthens ReliabilityThe disruption began after Tennessee Gas identified problems requiring the isolation of certain pipeline sections, including the Rio Bravo and Cenagas delivery points. Following repairs, KMI restored gas transportation services, limiting the duration of the interruption. The development reinforces the importance of maintaining reliable infrastructure to support uninterrupted energy supplies.
Mexico's Gas Dependence Benefits KMIMexico relies heavily on natural gas imports from the United States to meet its electricity generation and industrial requirements. The country's limited underground gas storage capacity increases its dependence on consistent pipeline deliveries. This reliance highlights the strategic value of Kinder Morgan's transportation infrastructure and supports the long-term importance of its cross-border operations.
Growing Demand Supports KMI’s Pipeline BusinessMexico's expanding electricity and industrial gas requirements underline the need for dependable transportation infrastructure. Kinder Morgan's Tennessee Gas Pipeline connects major U.S. producing regions with domestic and international markets, positioning the company to serve established natural gas demand centers. Sustained cross-border energy trade supports KMI's pipeline business.
What Does This Mean for KMI Investors?The restoration of gas flows to Mexico marks a positive development for Kinder Morgan, highlighting its ability to address operational disruptions and resume critical energy transportation services. Efficient pipeline operations help Kinder Morgan maintain strong customer relationships while ensuring steady revenues from its natural gas transportation business.
Despite potential operational disruptions, Kinder Morgan's extensive pipeline network and Mexico's increasing dependence on U.S. natural gas support steady transportation demand, reinforcing the company's business model, long-term cash generation and investment appeal.
KMI’s Zacks Rank & Key PicksKMI currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the energy sector include Shell plc (SHEL - Free Report) , Chevron Corporation (CVX - Free Report) and BP plc (BP - Free Report) . SHEL, CVX and BP currently sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of Zacks Rank #1 stocks here.
Shell has a diversified portfolio spanning oil and gas exploration, production, refining, chemicals and LNG operations. The London-based integrated energy giant is benefiting from strong upstream performance, improved refining margins and contributions from its global LNG business. In the second quarter of 2026, SHEL's adjusted earnings increased to approximately $9.8 billion from $6.9 billion in the preceding quarter. Shell's refineries achieved a record utilization rate of 102%, while its LNG Canada project reached full capacity, strengthening Shell's operational performance.
Chevron, headquartered in Houston, TX, has substantial upstream and downstream operations in major global markets. The leading integrated energy company continues to benefit from higher production volumes, improved operating efficiency and ongoing cost-reduction initiatives. In the second quarter of 2026, CVX reported earnings of $12.1 billion, while worldwide production increased 20% year over year. Chevron achieved record U.S. production of nearly 2.1 million barrels of oil equivalent per day and completed its $3 billion annual structural cost-reduction target six months ahead of schedule, supporting its profitability and cash generation prospects.
BP, headquartered in London, operates an integrated energy business covering oil and gas production, refining, marketing and renewable energy activities. The British energy major is focusing on portfolio optimization and asset monetization to improve financial flexibility and streamline its operations. As highlighted in its second-quarter 2026 earnings results, BP completed the divestment of its Gelsenkirchen refinery in Germany and initiated sale processes for its North Sea business and Archaea Energy. These initiatives align with BP's strategy to sharpen its portfolio focus, strengthen its balance sheet and direct capital toward higher-return opportunities.
Tether Invests in EFY Finance to Accelerate Institutional Stablecoin Usage in LATAM
13 October 2026 – Tether, the largest company in the digital asset industry, has announced an investment in EFY Finance as part of EFY Finance’s seed round to accelerate institutional use cases for USD₮ and USA₮. The investment aims to strengthen the infrastructure connecting stablecoins to the traditional financial system across Latin America.
EFY Finance is a financial infrastructure company providing stablecoin-based cross-border payments, accounts, and digital asset custody across Latin America. It offers on- and off-ramp infrastructure for USD₮ and USA₮, OTC services, wallets, and cards across more than 12 currencies and corridors, with settlement to local accounts in 17 countries. The company is licensed as a Digital Asset Service Provider in El Salvador and operates regulated services for more than 25,000 active individual and business accounts. EFY Finance believes money should move at the speed of the internet: as simple, fast, and clear as sending a message, without borders.
Tether’s investment reflects its commitment to supporting the growth of regulated infrastructure that connects stablecoins with banks, businesses, and institutional users. EFY Finance’s strong distribution, established customer base, and licensed infrastructure position the company to drive the next stage of institutional stablecoin use cases, particularly in Bolivia, Colombia, Mexico, El Salvador, Panama, and Ecuador, where it already has a meaningful presence.
“Across Latin America, the US dollar is a lifeline against inflation and capital controls. USD₮ and USA₮ are how people access it, but doing so simply and reliably takes regulated infrastructure, banking connections, and real distribution. That is the gap EFY Finance is positioned to close, bringing the dollar within easier reach across the region,” said Paolo Ardoino, CEO of Tether.
“Stablecoins have already become part of the financial infrastructure of Latin America. The challenge now is making them work seamlessly with the financial systems businesses use every day. That means connecting digital dollars with bank accounts, local payment networks, cards, and cross-border settlement. That is the infrastructure we are building at EFY Finance. Having Tether as a strategic investor gives us an exceptional collaborator to accelerate that vision and expand institutional access to USD₮ and USA₮ across the region,” said Andrés Tobón, Co-Founder and CEO of EFY Finance.
Tether’s investment in EFY Finance reflects a broader shift already underway across Latin America. According to Chainalysis, the region recorded nearly $1.5 trillion in cryptocurrency transaction volume between July 2022 and June 2025, making it one of the most dynamic regions. Persistent inflation, currency volatility, and restrictive capital controls in several countries continue to drive demand for stablecoins as a stable store of value and a hedge against local macroeconomic risk. Stablecoin purchases now account for over half of all exchange purchases. As regulatory frameworks mature and licensed infrastructure strengthens, Latin America is proving what’s possible when stablecoins meet real financial infrastructure. Tether and EFY Finance are excited to be part of this evolution.
About USA₮
USA₮ is a U.S.-dollar-backed stablecoin issued by Anchorage Digital Bank N.A., a federally chartered bank, that Tether, the global leader in stablecoin technology, has supported to launch. Purpose-built to serve the U.S. market and designed to comply with U.S. regulatory standards, USA₮ will be the foundational rail for the next generation of American commerce, trade, and finance.
USA₮ underscores Tether’s commitment to driving dominance and leadership in the evolving digital asset economy. As part of the broader Tether ecosystem, USA₮ will set a new benchmark in the U.S. for utility-driven stablecoins designed to deliver long-term value, strong governance, and real-world applications.
Important Note:
USA₮ is not legal tender (as described in section 5103 of title 31, United States Code) and will not be issued, backed, approved, or guaranteed by the U.S. government. USA₮ is not subject to the insurance protections of the Federal Deposit Insurance Corporation (FDIC), the Securities Investor Protection Corporation (SIPC), or any other government agency.
The issuer of USA₮ is Anchorage Digital Bank, N.A.
Earlier this year, Nvidia CEO called Marvell Technology (MRVL -0.21%) the next trillion-dollar business. At around $230 billion, Marvell is a fraction of the size of Nvidia, whose market cap is well over $5 trillion. But the business has been doing exceptionally well, and its share price is up around 200% this year.
Recently, Marvell’s management gave investors more reasons to remain bullish, revealing some promising guidance for the future.
Image source: Getty Images.
Marvell projects revenue to reach $80 billion by fiscal 2031Artificial intelligence (AI) has unlocked massive growth opportunities for Marvell, as it has for other tech companies. In its most recent fiscal year, which ended in January, the company's revenue totaled $8.2 billion, which was up an impressive 42% year over year.
However, in the longer run, by fiscal 2031, management expects revenue to be around $80 billion. With a significantly larger business, it's not difficult to see why Huang is so bullish about Marvell's upside. At about 10 times the size, its valuation could conceivably be 10 times larger as well, which could lead to Marvell blowing past the $1 trillion mark on the way to $2 trillion.
The assumption, of course, is that it continues to trade at multiples similar to those it trades at today and that its margins are comparable. But with so much growth on the horizon, there is clearly a lot of upside for Marvell's stock.
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Is Marvell's stock a no-brainer buy right now?As demand for custom chips grows due to AI, Marvell is in an excellent position to benefit from those growth opportunities. Its valuation is elevated today, with the stock trading at close to 90 times its trailing earnings, but the company's recent forecast highlighted why it may still be worth buying. With so much more growth in the long run, there's reason to remain bullish that, although the stock may look pricey right now, its valuation may still rise a lot higher in the future.
The caveat, however, is that in five years, a lot could change with respect to AI and the broader tech sector. There may be more competition as well. There's always going to be some risk when looking that far out, as forecasts can change. And that's something investors should consider.
Marvell's stock isn't cheap, and it does price in a lot of future growth already, but for investors who are prepared to hang on for at least five-plus years, this may be one of the better tech stocks to buy right now.
IDACORP plánuje do roku 2030 investovat 7,1 miliardy USD do výrobních kapacit a rozvodné sítě, protože Idaho Power očekává v příštích pěti letech průměrný roční růst maloobchodního prodeje elektřiny o 8,3 %.
Key Takeaways IDACORP added 15,000 customers as industrial revenues rose 17% in the second quarter of 2026.
IDA expects annual retail electricity sales growth of 8.3% and peak demand growth of 5.1% over five years.
IDACORP plans $7.1 billion in capital investments through 2030 to support rising electricity demand.
IDACORP, Inc. (IDA - Free Report) is benefiting from rising electricity demand across its service territory, driven by customer growth, industrial expansion and large-load customers. IDA’s subsidiary, Idaho Power, added approximately 15,000 customers, reflecting 2.3% annual growth through June 30, 2026, while IDACORP’s second-quarter industrial revenues increased 17%, including large contract customers.
Customer growth, excluding large contract customers and net of associated power supply costs and power cost adjustment mechanisms, increased second-quarter operating income by $4.5 million. These developments highlight how rising customer demand can support IDACORP’s financial performance.
According to its 2025 Integrated Resource Plan, Idaho Power expects retail electricity sales to increase 8.3% annually and peak demand to rise 5.1% annually over five years. Higher electricity use at Micron’s expanding facilities and Meta’s new data center is expected to generate additional revenues in the second half of 2026. The company also has a strong pipeline of potential large-load customers across multiple industries. New energy service agreements may include take-or-pay clauses, termination payments and credit protections, limiting financial risks.
IDACORP is investing in generation capacity, battery storage and transmission infrastructure to meet rising demand efficiently. Idaho Power forecasts 2026 capital expenditures of $1.3-$1.5 billion and plans to invest approximately $7.1 billion through 2030, averaging $1.42 billion annually. Thus, continued customer growth, higher industrial demand and new large-load revenues could support IDACORP’s sales and earnings outlook.
Rising Electricity Demand Supports Utility Industry GrowthGrowing electricity needs encourage utilities to invest in grid upgrades, additional generation capacity and improved service reliability. These investments meet rising demand, support regional development and strengthen long-term industry growth prospects. IDA and other utilities also benefit from growing customer demand.
Alliant Energy Corporation (LNT - Free Report) had 1,011,128 electric customers as of June 30, 2026, up 0.69% year over year, while natural gas customers increased 0.47% to 432,892, supporting its regulated utility operations.
Pinnacle West (PNW - Free Report) subsidiary Arizona Public Service (APS) reported 5.6% growth in weather-normalized electricity sales and 2.1% customer growth in the second quarter of 2026, supporting electricity revenues and helping offset higher costs.
IDA’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 earnings per share (EPS) indicates a year-over-year increase of 8.31% and 8.42%, respectively.
Image Source: Zacks Investment Research
Debt to CapitalIDA's debt-to-capital currently stands at 50.08%, lower than the Zacks Utility - Electric Power industry’s 62.33%.
Image Source: Zacks Investment Research
IDA’s Stock Price PerformanceIn the past month, the company’s shares have risen 1.8% against the industry’s 0.5% decline.
Quanta Services zvýšila celoroční výhled tržeb na 39,3 až 39,7 mld. USD; rekordní objem nevyřízených zakázek dosáhl ke konci června 2026 53,4 mld. USD.
Key Takeaways Quanta shares surged 64.6% YTD, fueled by strong infrastructure demand and improving earnings.Quanta's record $53.4B backlog and strategic acquisitions support its revenue growth outlook.PWR's 36.92X forward P/E exceeds the industry's 23.67X, raising valuation concerns after its rally. Quanta Services, Inc. (PWR - Free Report) has delivered impressive stock market performance in 2026, supported by accelerating investments in electric infrastructure, power generation, data centers and grid modernization. Strong project demand, record backlog and improving profitability have strengthened investor confidence. However, following its substantial rally, the stock's elevated valuation raises questions about the sustainability of further gains.
Quanta's shares have surged 64.6% year to date (YTD), significantly outperforming the Zacks Engineering - R and D Services industry's 17.3% growth. The stock has also outpaced the Zacks Construction sector, which declined 2.3%, and the S&P 500 Index, which advanced 13.8% during the same period.
PWR Stock’s YTD Price Performance
Image Source: Zacks Investment Research
PWR is trading above its 50-day and 200-day moving averages, indicating sustained positive momentum. The rally reflects improving earnings expectations and confidence in Quanta's ability to capitalize on expanding infrastructure spending.
PWR Trades Above 50-Day, Above 200-Day SMAs
Image Source: Zacks Investment Research
Infrastructure Investment Strengthens Quanta's Growth ProspectsQuanta continues to benefit from increasing electricity demand, aging transmission infrastructure and investments in grid reliability. Utilities are expanding generation capacity, upgrading transmission networks and investing in grid modernization to accommodate electrification and growing power requirements.
Demand from artificial intelligence (AI), hyperscale data centers and advanced manufacturing facilities is creating additional opportunities. These projects require extensive electrical, mechanical and power infrastructure, supporting Quanta's expanding presence in technology and large-load markets.
The company's Electric Infrastructure Solutions segment reported 44% year-over-year revenue growth in second-quarter 2026, with operating margin reaching 11.5%. Its Underground Utility and Infrastructure Solutions segment recorded 31% revenue growth, with operating margin improving to 9.1%. These results highlight strong demand and operational execution.
Quanta's total backlog reached a record $53.4 billion at June 2026-end, including $32.3 billion scheduled within 12 months. Electric Infrastructure backlog stood at $43.8 billion, strengthening visibility into future revenues. The company also expects substantial opportunities from multi-year utility and power generation programs.
Acquisitions and Operating Strength Support Further ExpansionStrategic acquisitions are another important growth driver. During the second quarter and July 2026, Quanta acquired Phalcon, Enerfab, Percheron and PSD, strengthening its electrical, mechanical, fabrication and engineering capabilities.
These businesses broaden Quanta's geographic presence and improve its ability to execute complex infrastructure projects. Management expects the acquisitions to contribute approximately $1.2-$1.4 billion in revenues and $120-$140 million in adjusted EBITDA during 2026.
Quanta's self-performing workforce provides additional advantages by improving project execution, resource utilization and scheduling reliability. Its growing manufacturing capabilities, including the Hyosung HICO joint venture for high-voltage circuit breakers, should also strengthen supply-chain support.
Strong second-quarter performance prompted management to raise its full-year 2026 revenue guidance to $39.3-$39.7 billion and adjusted earnings per share (EPS) expectations to $16.45-$16.95. Free cash flow guidance is expected to be between $2 and $2.5 billion, providing financial flexibility for continued expansion.
Higher Earnings Estimates Reinforce PWR's OutlookAnalysts have become increasingly optimistic about Quanta's earnings prospects. Over the past 60 days, the Zacks Consensus Estimate for 2026 EPS has increased to $16.70 from $16.43, while the 2027 estimate rose to $19.41 from $19.23.
PWR’s EPS Estimate Revision Trend
Image Source: Zacks Investment Research
The revised estimates imply year-over-year earnings growth of 55.4% in 2026 and 16.2% in 2027. The Zacks Consensus Estimate for revenue indicates growth of 38.4% and 14.8% for 2026 and 2027, respectively. Importantly, the absence of downward EPS revisions during this period indicates improving confidence in the company's growth trajectory.
Wall Street sentiment remains favorable. Quanta has an average brokerage recommendation of 1.29, with 24 of 28 brokerage firms assigning Strong Buy recommendations. The average price target of $803.67 indicates potential upside of 15.7% from the last closing price.
Image Source: Zacks Investment Research
Premium Valuation and Execution Risks Warrant CautionDespite these favorable developments, Quanta's substantial share price appreciation has pushed its valuation to elevated levels.
PWR currently trades at 36.92X forward 12-month earnings, considerably above the industry's 23.67X multiple and its five-year median of 28.58X. Although the valuation remains within its five-year range of 17.01X-61.73X, the premium suggests that investors have already priced in considerable earnings growth.
PWR Valuation vs Industry - P/E (F12M)
Image Source: Zacks Investment Research
The company also faces execution-related challenges. Large infrastructure projects involve regulatory approvals, permitting requirements, weather disruptions and potential supply-chain constraints. Skilled labor shortages, wage inflation and higher material costs could pressure margins.
Furthermore, acquisition integration and the growing complexity of large-scale projects introduce operational risks. Management expects seasonal moderation in Electric Infrastructure margins during the fourth quarter, highlighting potential quarterly variability.
How Does Quanta Compare With Its Competitors?Quanta competes with MasTec (MTZ - Free Report) , MYR Group (MYRG - Free Report) and Primoris Services (PRIM - Free Report) across several infrastructure markets.
MasTec provides electric transmission, renewable energy and communications infrastructure services. MasTec shares have lost 4.8% YTD, significantly underperforming Quanta. MasTec trades at 17.33X forward earnings, indicating a substantial valuation discount.
MYR Group specializes in electrical construction, transmission, distribution and substation projects. MYR Group shares have gained 43.3% YTD, reflecting favorable utility infrastructure demand. However, MYR Group has trailed Quanta's rally. MYR Group trades at 22.88X forward earnings, below Quanta's multiple.
Primoris Services operates across power delivery, utility infrastructure, renewable energy and pipeline construction. Primoris Services shares have plunged 33.3% YTD, indicating weaker stock performance. Primoris Services trades at 18.75X forward earnings, also considerably below Quanta.
While Quanta has delivered stronger shareholder returns, its valuation premium relative to all three competitors increases the importance of sustained earnings growth.
PWR vs Peer Price Performance (YTD)
Image Source: Zacks Investment Research
Should Investors Hold PWR Stock After Its Rally?Quanta remains well-positioned to benefit from sustained infrastructure investment, expanding electricity requirements and growing data center demand. Record backlog, strategic acquisitions, improving earnings estimates and strong project execution support its medium-term growth outlook.
However, the stock's elevated valuation, substantial YTD gains and exposure to execution risks limit its near-term risk-reward appeal. Although favorable infrastructure demand could support additional upside, much of the expected growth appears reflected in the share price.
Given these competing factors, Quanta's Zacks Rank #3 (Hold) supports maintaining existing positions rather than aggressively pursuing the stock following its sharp rally. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Perpetual Ltd raised its holdings in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 964.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 153,149 shares of the technology company’s stock after acquiring an additional 138,759 shares during the period. Perpetual Ltd’s holdings in Arista Networks were worth $31,180,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. JGP Wealth Management LLC bought a new position in Arista Networks during the 3rd quarter worth approximately $255,000. RTD Financial Advisors Inc. bought a new position in shares of Arista Networks during the third quarter worth $358,000. Gallagher Capital Advisors LLC bought a new position in shares of Arista Networks during the third quarter worth $3,256,000. Armstrong Advisory Group Inc. grew its holdings in shares of Arista Networks by 23.8% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,550 shares of the technology company’s stock valued at $316,000 after buying an additional 298 shares during the period. Finally, Marquette Asset Management LLC increased its position in shares of Arista Networks by 10,000.0% in the 3rd quarter. Marquette Asset Management LLC now owns 1,414 shares of the technology company’s stock valued at $288,000 after buying an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.
Insiders Place Their Bets
In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the completion of the transaction, the insider owned 181,143,048 shares in the company, valued at approximately $36,826,381,658.40. This represents a 0.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of Arista Networks stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total value of $154,341,575.38. Following the completion of the sale, the chief executive officer directly owned 16,387,981 shares in the company, valued at $3,297,589,536.82. This represents a 4.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 3,468,906 shares of company stock valued at $706,366,437. Company insiders own 2.70% of the company’s stock.
Analyst Ratings Changes
ANET has been the topic of several research analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $240.00 price objective (up from $181.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Rosenblatt Securities boosted their target price on Arista Networks from $210.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Wells Fargo & Company reissued an “overweight” rating and issued a $255.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Needham & Company LLC restated a “buy” rating and issued a $260.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $235.45.
Get Our Latest Report on ANET
Arista Networks Stock Down 2.8%
Arista Networks stock opened at $210.72 on Tuesday. The stock has a market capitalization of $265.76 billion, a PE ratio of 66.47, a price-to-earnings-growth ratio of 2.52 and a beta of 1.60. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $217.41. The company has a 50 day moving average of $198.62 and a 200-day moving average of $172.87.
Arista Networks (NYSE:ANET – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the business posted $0.73 earnings per share. The firm’s quarterly revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities analysts anticipate that Arista Networks, Inc. will post 3.78 EPS for the current fiscal year.
(Free Report)
Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.
The company’s software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.
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Akcie společnosti Ryder System za poslední rok vzrostly o 32,1 % a firma v roce 2025 vrátila akcionářům 664 milionů USD, zejména prostřednictvím zpětného odkupu akcií.
Key Takeaways Ryder System shares gained 32.1% in a year, outpacing the equipment and leasing industry's 9.3% growth.R's relocated New Jersey truck centers enhance market reach, customer access and operational efficiency.R returned $664 million to shareholders in 2025, including $519M in buybacks & $145M in dividends. Ryder System (R - Free Report) is benefiting from its proactive expansion initiatives that are boosting the company’s operational efficiency. The company’s commitment to shareholders is encouraging and bodes well for its prospects. Due to these tailwinds, R shares have performed impressively on the bourse. If you have not taken advantage of its share price appreciation yet, it’s time to do so.
Let’s delve deeper.
Factors Favoring R StockNorthward Earnings Estimate Revision: The Zacks Consensus Estimate for earnings per share (EPS) has been revised upward by 14.09% year over year for 2026. For 2027, the consensus mark for EPS has moved 21.5% north over the same time frame. The favorable estimate revisions indicate brokers’ confidence in the stock.
Robust Price Performance: A look at the company’s price trend reveals that its shares have gained 32.1% over the past year, surpassing the Zacks Transportation - Equipment and Leasing industry’s 9.3% growth.
Image Source: Zacks Investment Research
Positive Earnings Surprise History: Ryder System has an encouraging earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once in the remaining, delivering an average surprise of 2.53%.
Solid Zacks Rank: R currently carries a Zacks Rank #2 (Buy).
Bullish Industry Rank: The industry to which R belongs currently has a Zacks Industry Rank of 37 (out of 247). Such a favorable rank places it in the top 15% of Zacks Industries. Studies show that 50% of a stock’s price movement is directly related to the performance of the industry group to which it belongs.
A mediocre stock within a strong group is likely to outperform a robust stock in a weak industry. Reckoning the industry’s performance becomes imperative in this context.
Growth Factors: Ryder System is benefiting from its proactive expansion initiatives, strengthening its presence in the Northeast through new and relocated used truck centers in Newark and North Bergen, NJ. These investments enhance customer access to major ports, freight corridors and distribution hubs, positioning the company closer to key logistics markets. The Newark facility is also expected to improve operational efficiency by bringing multiple fleet management solutions under one roof, while the North Bergen location expands Ryder’s reach into a new market south of the George Washington Bridge. These developments could support used vehicle sales and reinforce the company’s integrated transportation service offering.
Ryder’s 2026 E-commerce Consumer Study highlights shifting consumer preferences, with increasing AI adoption, faster delivery expectations and growing demand for seamless omnichannel fulfillment. With 64% of shoppers using AI-assisted tools and 39% expecting delivery within one to two days, retailers face mounting pressure to improve logistics capabilities and fulfillment efficiency. Additionally, the growing popularity of alternative pickup options and flexible returns underscores the importance of integrated supply chain solutions.
These trends create growth opportunities for Ryder’s e-commerce fulfillment, last-mile delivery and omnichannel logistics services as retailers prioritize speed, convenience and customer satisfaction. However, rising delivery expectations and demand for free returns could increase operating costs and pressure profitability. Ryder’s ability to leverage technology-driven logistics solutions and operational efficiencies could strengthen its competitive position and support long-term growth.
Moreover, R’s focus on returning capital to shareholders through dividends and buybacks aligns with its strategy of maintaining a balanced and sustainable growth model. Ryder System returned $456 million in cash to shareholders in 2024 and increased total capital returns to $664 million in 2025, including $519 million in share repurchases and $145 million in cash dividends. The company consistently increased cash dividend payments from $128 million in 2023 to $135 million in 2024 and $145 million in 2025, reflecting strong cash generation and continued emphasis on shareholder returns.
Other Stocks to ConsiderInvestors interested in the Zacks Transportation sector may consider other top-ranked stocks like Wabtec (WAB - Free Report) and Herc Holdings (HRI - Free Report) .
WAB currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
WAB has an expected earnings growth rate of more than 21.4% for 2026. The company has an encouraging earnings surprise history. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 4.18%.
Herc Holdings currently sports a Zacks Rank #1.
HRI has a negative expected earnings growth rate of 7.36% for the current year. However, the company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 60.64%.
AeroVironment a NIOA podepsaly nezávazné memorandum s cílem prozkoumat možnosti lokalizace, společné výroby, podpory a udržování jednocestných útočných systémů AV v Austrálii.
Companies to explore Australian production, integration, sustainment and support for AV’s one-way attack systems.
PERTH, Australia--(BUSINESS WIRE)--AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) and NIOA Australia have signed a memorandum of understanding (MOU) to explore opportunities to expand Australian industry participation supporting AV’s one-way attack systems.
Signed during LAND FORCES 2026, the agreement establishes a framework for AV and NIOA to identify and facilitate a path forward for the localization, co-production and sustainment of AV’s one-way attack systems in Australia.
Under the MOU, the companies will explore opportunities to combine AV’s autonomous systems with NIOA’s sovereign weapons and munitions expertise. Potential areas of cooperation include local manufacturing and integration, in-country support and sustainment, and the development of Australian variants incorporating NIOA-developed payloads, warheads and mission effects where technically, commercially and legally feasible.
“AV’s one-way attack systems are proven capabilities with growing demand from U.S. allies and partners around the world,” said Wahid Nawabi, chairman, president and chief executive officer of AeroVironment. “Our collaboration with NIOA creates a pathway to expand that capability in Australia and explore how Australian industry can contribute to the manufacture, integration, support and sustainment of AV’s one-way attack systems.”
The MOU also contemplates NIOA serving, subject to final agreements and required approvals, as an Australian distributor and authorized support partner for AV's one-way attack systems. The companies plan to evaluate opportunities for NIOA to support Australian customer engagement, training, logistics, maintenance coordination, inventory management and other in-country sustainment activities.
The parties also share a non-binding ambition to explore the establishment of Australia as a regional center of excellence for advanced launched effects and loitering munitions, combining AV’s autonomous systems with NIOA’s sovereign weapons and munitions expertise. The MOU contemplates potential local manufacture, integration, sustainment and future capability development for Australian and allied customers, subject to applicable laws, approvals and subsequent agreements.
The MOU is non-binding, and any future technology transfer, manufacturing, distribution or other commercial activities will be subject to applicable U.S. and Australian laws and regulations, required government approvals and separate definitive agreements between AV and NIOA.
About AV
AeroVironment (“AV”) (NASDAQ: AVAV) is a defense technology leader delivering integrated capabilities across air, land, sea, space, and cyber. The Company develops and deploys autonomous systems, loitering munitions, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities—built to meet the mission needs of today’s warfighter and tomorrow’s conflicts. With a national manufacturing footprint and a deep innovation pipeline, AV delivers proven systems and future-defining capabilities at speed, scale, and operational relevance. For more information, visit www.avinc.com.
About NIOA
NIOA is a privately-owned global munitions company established in Queensland, Australia, in 1973. Its operations include NIOA Australia, NIOA New Zealand, the Australian Missile Corporation, Barrett Firearms in the United States, NIOA United Kingdom and joint venture Rheinmetall NIOA Munitions. NIOA is a major tenant at the Australian Government-owned munitions facility at Benalla, Victoria, and a joint venture partner in the Rheinmetall NIOA Munitions artillery shell forging plant at Maryborough, Queensland.
Safe Harbor Statement
Certain statements in this press release may constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties, which could cause actual results to differ materially. Factors that may cause such differences include, but are not limited to, our ability to perform under existing contracts and obtain new ones; regulatory changes; competitor activities; market growth; product development challenges; and general economic conditions. For a more detailed discussion of these risks, please refer to AeroVironment’s filings with the Securities and Exchange Commission. We undertake no obligation to update forward-looking statements as a result of new information or future events.
ManpowerGroup cílí do roku 2028 na trvalé roční úspory ve výši 200 mil. USD; nástroje AI mají do konce roku 2026 pokrýt přibližně 70 % tržeb společnosti.
Key Takeaways ManpowerGroup's growth is fueled by strong Americas & Southern Europe revenues & cost optimization efforts.MAN targets $200M in annual savings by 2028, while AI adoption is expected to boost operating efficiency.MAN maintains a 72-cent semi-annual dividend, but declining cash reserves & staffing competition pose risks.
ManpowerGroup’s (MAN - Free Report) diversified geographic presence supports revenue growth, led by the Americas and Southern Europe. Cost optimization and Artificial Intelligence (AI)-driven productivity gains should improve operating efficiency and support long-term margin expansion. Stable dividends and an improving operating outlook reinforce its commitment to shareholder returns.
The company’s first-quarter fiscal 2027 earnings are expected to increase 11.1% year over year. Its fiscal 2027 and 2028 earnings are projected to rise 9% and 10.5%, respectively. Revenues are anticipated to grow 5.8% in fiscal 2027 and fiscal 2028.
Factors That Bode Well for MAN’s SuccessRegional Diversification Supports Revenue Growth: ManpowerGroup's Americas revenues increased 14.4% year over year to $1.21 billion in the second quarter of 2026, driven by 29% growth in Other Americas, while U.S. revenues rose 6% to $714.3 million. Southern Europe remained the largest revenue contributor, posting 7.4% growth to $2.31 billion, supported by a 2.5% rise in France, 9.6% in Italy and 16.2% in Other Southern Europe. Northern Europe revenues grew 3.9% to $825.5 million, while Asia-Pacific Middle East revenues increased 5% in constant currency. The Americas led regional growth, while Southern Europe provided a substantial revenue base. Continued momentum across these markets should support sustained revenue expansion.
Cost Optimization & AI Adoption Support Margin Expansion: The company is combining cost discipline with technology investments to improve productivity and operating efficiency. Its transformation program targets $200 million in permanent annual savings by 2028, while AI-driven sales targeting and recruitment screening tools are each expected to cover approximately 70% of revenues by year-end 2026. Adjusted EBITA increased 15% in constant currency to $103 million in the second quarter of 2026. Management expects a third-quarter EBITA margin of 2.1-2.3%. Continued cost savings and wider AI adoption should improve operating leverage and support margin expansion over time.
Capital Returns Support Shareholder Value: ManpowerGroup continues to reward shareholders through dividends and share repurchases. Buybacks totaled $179.8 million in 2023, $140 million in 2024 and $38 million in 2025, while dividend payments were $144.3 million, $145.8 million and $66.7 million, respectively. In 2026, the company maintained its semi-annual dividend of 72 cents per share. First-half dividend payments reached $33.5 million compared with $33.3 million a year earlier, although no shares were repurchased in the second quarter. Stable dividends reinforce its commitment to shareholder returns, while an operating recovery could provide greater flexibility for future capital distributions.
Watch Out for These Risks to MAN StockIntense Competition & AI Adoption Threaten Staffing Demand: ManpowerGroup operates in a fragmented staffing market with low entry barriers, limiting pricing power and client retention. Competition from global staffing firms, specialized providers and in-house recruitment teams adds to these challenges. AI-driven automation of candidate sourcing, screening and matching could further reduce reliance on traditional staffing services. Wider AI adoption may intensify pricing pressure and constrain long-term revenue growth. Adapting its service offerings will be critical to sustaining competitiveness.
Declining Cash Reserves Constrain Financial Flexibility: ManpowerGroup's cash balance fell to $180.6 million at the end of the second quarter of 2026 from $871 million at 2025-end, largely due to $585.8 million in long-term debt repayments. First-half operating cash outflow totaled $129 million, although second-quarter free cash outflow narrowed to $9 million from $207 million a year earlier. Management expects stronger free cash flow in the second half. However, reduced liquidity limits financial flexibility amid uncertain staffing demand and working-capital needs. Sustained cash generation remains critical to rebuilding liquidity.
MAN’s Zacks Rank & Stocks to ConsiderManpowerGroup currently carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A couple of better-ranked stocks in the broader Business Services sector are The GEO Group, Inc. (GEO - Free Report) and Gen Digital Inc. (GEN - Free Report) .
The GEO Group carries a Zacks Rank #2 (Buy) at present. It has a long-term earnings growth expectation of 14%.
GEO beat earnings estimates in three of the trailing four quarters and matched once, delivering an earnings surprise of 24.6%, on average.
Gen Digital also holds a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 12%.
GEN’s earnings beat estimates in each of the trailing four quarters, with the surprise being 2.3%, on average.
TRC-8004, standard pro identitu AI agentů v síti TRON, je ve finální verzi; B.AI, jeho autor, nad ním nabízí technologický balík s platbami x402 a vypořádáním v USDT.
TRC-8004 is Final on TRON and still a draft on Ethereum, and the team that finished it sells the bundle built on top. The spec says payments are out of scope; the schema says otherwise.
The same agent-identity standard is a finished document on TRON and a draft on Ethereum. ERC-8004 on Ethereum has sat in Draft since Aug. 13, 2025, with authors from MetaMask, ethereum.org, Google and Coinbase. TIP-8004, the TRON port, is Final: created Dec. 1, 2025, Standards Track, authored by bankofai.io. That is B.AI’s team. The company now selling an agent-commerce stack on TRON wrote the identity layer the stack runs on.
The two documents are nearly word for word, down to the registration schema. Both declare payments out of scope: “Payments are orthogonal to this protocol and not covered here. However, examples are provided showing how x402 payments can enrich feedback signals.” Both then carry a boolean x402Support field in the agent registration file and a proofOfPayment object in the feedback file, with fromAddress, toAddress, chainId and txHash. The text says the money is not in scope. The schema is built to hold it. That is the identity-first, money-later pattern written into a single file. Agent identity here means three registries: a TRC-721 handle, a feedback ledger and hooks for validators.
What B.AI has shipped is the bundle: identity plus x402 payments plus USDT settlement on TRON. Its own description, in a paid partner story on CryptoSlate (published Sept. 16, disclosed as partner content), calls the protocol layer “B.AI’s most strategically profound move”: “By natively integrating the x402 payment protocol and the 8004 identity authentication protocol, the platform paves a standardized path for mutual trust, identity verification, and high-frequency automated settlement between agents.” The same story says B.AI is co-incubated by TRON and YZi Labs and keeps WeChat Pay, Alipay, UnionPay and Visa alongside on-chain settlement.
Two things need bounding. First, “first major x402 on TRON” describes the bundle, not the rail: x402 has been live on TRON and BNB Chain since February. Second, the numbers are the vendor’s. B.AI’s partner story claims TRC-20 USDT supply passed 94.2 billion as of Sept. 10, and there is no independent volume data for its agent payments. The currency point stands regardless: the x402 lane this beat has covered settles in USDC on Base and Polygon, and this one settles in USDT on TRON. Same protocol, different currency gravity.
The standard’s own security section is where the hype goes to die. Sybil attacks are possible, “inflating the reputation of fake agents,” and the protocol “cannot cryptographically guarantee that advertised capabilities are functional and non-malicious.” Trust is tiered to the value at risk, “from low-stake tasks like ordering pizza to high-stake tasks like medical diagnosis,” built from reputation, stake-secured re-execution, zkML proofs or TEE oracles. Those are real designs for real problems. None of them is a guarantee that the agent does what its registration file says.
TRON’s standards track is not stopping at identity: TIP-8001 Agent Coordination Framework, TIP-8126 AI Agent Verification and TIP-7857 AI Agents NFT with Private Metadata are all Final alongside TIP-8004. A finished standard is not a finished market. What the B.AI bundle proves is narrower than the pitch and more useful: the trust layer can ship before the payments story is settled, and the party with the most to gain from the standard can be the one that writes it. The standard is public, the schema is honest about the money, and the marketing is paid placement. All three are on the record.
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