Market Signal Briefing

LOS ANGELES, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP reminds investors of the upcoming October 28, 2025 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Dow Inc. (“Dow” or the “Company”) (NYSE: DOW) securities between January 30, 2025 and July 23, 2025, inclusive (the “Class Period”).

IF YOU SUFFERED A LOSS ON YOUR DOW INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS.

What Happened?
On June 23, 2025, BMO Capital downgraded its recommendation on Dow from “Market Perform” to “Underperform” and cut its price target on the Company’s stock citing sustained weakness across key end markets and mounting pressure on the Company’s dividend.

On this news, Dow’s stock price fell $0.89, or 3.2%, to close at $26.87 per share on June 23, 2025, thereby injuring investors.

Then, on July 24, 2024, Dow released its second quarter 2025 financial results, reporting a non-GAAP loss per share of $0.42 and net sales of $10.1 billion, missing consensus estimates “reflecting declines in all operating segments.” The Company also revealed that it was cutting its dividend in half, from $0.70 per share to only $0.35 per share, citing the need for “financial flexibility amidst a persistently challenging macroeconomic environment.”

On this news, Dow’s stock price fell $5.30, or 17.5%, to close at $25.07 per share on July 24, 2025, thereby injuring investors further.

What Is The Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Dow’s ability to mitigate macroeconomic and tariff-related headwinds, as well as to maintain the financial flexibility needed to support its lucrative dividend, was overstated; (2) the true scope and severity of the foregoing headwinds’ negative impacts on Dow’s business and financial condition was understated, particularly with respect to competitive and pricing pressures, softening global sales and demand for the Company’s products, and an oversupply of products in the Company’s global markets; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired Dow securities during the Class Period, you may move the Court no later than October 28, 2025 to request appointment as lead plaintiff in this putative class action lawsuit.

Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Charles Linehan, Esq.,
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email:  [email protected]
Telephone: 310-201-9150,
Toll-Free: 888-773-9224
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact Us:
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Charles Linehan
Email:  [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.

The Dogecoin price has received a major boost following House of Doge’s announcement of its plans to list on the Nasdaq. The firm revealed that the deal is backed by $50 million, suggesting it could inject fresh liquidity into the Dogecoin ecosystem. 

Dogecoin Sees Fresh $50M Liquidity As House of Doge Secures Nasdaq Listing
In a press release, House of Doge announced that it has secured a Nasdaq listing through a merger with Brag House Holdings, a deal backed by over $50 million in investment capital, which is a positive for Dogecoin. Brag House will acquire House of Doge in a reverse takeover transaction, which is subject to approval from both companies’ boards of directors. 

House of Doge, the commercial arm of the Dogecoin Foundation, noted that this proposed merger will advance mainstream Dogecoin adoption and institutionalize the meme coin’s utility. The firm also highlighted how it boasts 837 million DOGE within its framework, representing the largest institutional Dogecoin holdings in the global crypto ecosystem. 

House of Doge has already built an institutional foundation for the Dogecoin ecosystem through its partnerships with 21Shares, Robinhood, and CleanCore Solutions. The firm played a key role in helping CleanCore set up its Dogecoin treasury. Now, the firm is looking to deepen the push for the institutional adoption of DOGE and has secured $50 million to boost the meme coin’s ecosystem. 

House of Doge revealed that it plans to use this capital to lay the foundation for a “scalable, transparent, and yield-producing Dogecoin economy” for both institutional investors and the DOGE community. The firm also confirmed that the newly combined entity will hold a “significant amount of Dogecoin within its framework,” indicating that some of the capital it secured will be used to purchase DOGE. 

Catalyst For A DOGE Rally
The House of Doge’s proposed merger could serve as one of the catalysts for an explosive Dogecoin rally to new highs. The firm has outlined several ways it plans to boost DOGE’s institutional adoption, which could spark more institutional inflows into the meme coin’s ecosystem. 

Notably, this comes amid the imminent launch of the Dogecoin ETFs, which are expected to drive fresh liquidity into DOGE. Crypto analyst The Historical Performance That Says Dogecoin Price Will Hit $11.71 By End Of Year, that the meme coin could rally to as high as $0.6533 even as the institutional catalysts line up for Dogecoin.

Source: Chart from Javon Marks on X
From a technical perspective, the analyst stated that DOGE’s uptrend remains intact and that, as prices hold above a major resistance trendline, the target remains $0.6533. He added that the uptrend can spark a run of over 200% to reach this target. 

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

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

In brief
The U.S. seized $14.4 billion in Bitcoin from the alleged head of a global crypto scam network on Tuesday, in the DOJ’s largest-ever crypto seizure.
Prosecutors are seeking to claim the funds through criminal forfeiture, raising questions about whether the Bitcoin will go to victims or be added to a national strategic Bitcoin reserve.
Lawmakers like Sen. Cynthia Lummis (R-WY) are pushing to direct the funds into the reserve, while others warn restitution could take years.
The U.S. government now possesses an additional $14 billion more in Bitcoin. The only question is: What are they going to do with all that digital gold?

On Tuesday, the Department of Justice announced it had successfully seized over $14.4 billion worth of Bitcoin from Chen Zhi, the head of a Cambodia-based business conglomerate alleged to be at the center of a global crypto scam operation. The seizure is, by far, the largest in DOJ history. 

Now, U.S. prosecutors have filed criminal wire fraud and money laundering charges against Chen, along with a legal request to formally obtain ownership over his seized Bitcoin via criminal forfeiture. Should they prevail, will that historic pile of Bitcoin be added to President Donald Trump’s new strategic Bitcoin reserve? Or will the funds be used to pay back Chen’s alleged victims?

A clear answer to that question may not materialize for some time. The Treasury Department, which oversees the nation’s Bitcoin holdings and was also directly involved in Chen Zhi’s case, did not respond to Decrypt’s request for comment about how it plans to use the seized funds. 

But the potential impact of the U.S. government’s final decision on the matter, with this amount of Bitcoin on the line, is great. Already, some of the most prominent boosters of the president’s Bitcoin reserve plans have attempted to earmark today’s seized funds for that project.

“Turning criminal proceeds into assets that strengthen America’s Strategic Bitcoin Reserve shows how sound policy can turn wrongdoing into lasting national value,” Sen. Cynthia Lummis (R-WY), said Tuesday in a statement congratulating the Trump administration on its action against Chen Zhi.

🧵Second, codifying how seized bitcoin is stored, returned to victims, and safeguarded for future generations. Turning criminal proceeds into assets that strengthen America’s Strategic Bitcoin Reserve shows how sound policy can turn wrongdoing into lasting national value.

— Senator Cynthia Lummis (@SenLummis) October 14, 2025

The senator, who has proposed legislation that would obligate the U.S. government to purchase more than $100 billion worth of Bitcoin to bolster existing holdings of the token, added that Tuesday's events underscore the need for Congress to pass laws codifying how seized Bitcoin is stored and returned to victims.

Scott Johnsson, a finance lawyer and venture capitalist focused on crypto, predicted the U.S. government would likely keep a “huge amount” of the seized Bitcoin. The remainder would be used for paying back victims, he figured—but only after a yearslong process of untangling the alleged scammers’ global laundering network and verifying the restitution claims of individuals in dozens of countries.

“This is the most extreme example of illicit fund seizures you can really imagine in terms of complexity,” Johnsson said on X.

Ari Redbord, a former U.S. Treasury official and federal prosecutor who now heads global policy at TRM Labs, told Decrypt it is difficult to predict how much of the newly seized Bitcoin the U.S. government might ultimately deposit into a strategic reserve, instead of using to make alleged victims whole.

“That is a really hard question,” he said.   

Should the funds be added to an American Bitcoin reserve, they would likely significantly increase the value of that stockpile—though by how much, is also not currently known.

Blockchain analysis firm Arkham Intelligence currently estimates that U.S. government-controlled crypto wallets hold some $22 billion worth of BTC—which would mean this week’s haul of the coin would massively boost the value of a national Bitcoin reserve. But Arkham’s findings have never been confirmed by the federal government.

When President Trump signed an executive order in March establishing a strategic Bitcoin reserve, he ordered the Treasury Department, along with the White House’s crypto working group, to determine exactly how much of the cryptocurrency was currently in the government’s possession by April. By May, the Secretary of the Treasury was to deliver an evaluation to the White House regarding the “legal and investment considerations” for establishing the reserve.

In July, the White House released a sweeping report on crypto policy, which noted the Treasury Secretary did deliver such an evaluation to the White House, but omitted any findings about the scale of the U.S. government’s current Bitcoin holdings. 

Both the Treasury Department and the White House did not respond to Decrypt’s request for comment regarding the state of the effort to determine how much Bitcoin the government currently holds.

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Macroeconomist Henrik Zeberg has warned that Bitcoin (BTC) is in the “most extreme bubble of all time,” cautioning investors to expect a devastating collapse once the ongoing rally reaches its final peak.

Zeberg’s bearish outlook stands in contrast to the prevailing bullish narrative dominating Wall Street and financial media, both of which continue to celebrate Bitcoin’s resilience amid global macro uncertainty.

The economist cautioned that this widespread enthusiasm mirrors the sentiment seen during previous market bubbles, where public excitement often preceded severe downturns, he said in an X post on October 15.

#Bitcoin #BTC

Think guys!

– We are in the most extreme Bubble of all times.

– Buffett sees BTC as "rat-poison squared"

– There is a massive Negative Divergence (on BTC) in Weekly, Monthly and Quarterly charts. This is a VERY Bearish looking chart.

– Wall Street and Media… pic.twitter.com/rMdNmh96PU

— Henrik Zeberg (@HenrikZeberg) October 15, 2025

Bitcoin set for final rally
Zeberg expects a final rally before what he warns could be a horrendous crash, potentially one of the steepest in financial history.

His outlook is supported by technical indicators suggesting Bitcoin’s long-term price structure is forming a rising wedge pattern, a setup often associated with major market tops.

The analysis shows Bitcoin entering the fifth and final wave of its long-term uptrend, a phase often marked by peak optimism and sharp reversals. 

The expert also highlighted a strong negative divergence between Bitcoin’s price and its Relative Strength Index (RSI) across major timeframes, signaling fading momentum despite continued gains. 

His outlook projects three possible outcomes after the peak: a best-case drop to $16,000, a medium-case correction to $4,000, or a worst-case collapse to $150.

The warning comes as some market participants anticipate Bitcoin could still target new highs around $150,000, despite recent volatility. Overall, sentiment remains broadly bullish, with the asset trading mostly above the $100,000 support level for much of 2025.

Bitcoin price analysis
As of press time, the leading digital currency was trading at $110,889, down 0.5% in the past 24 hours and 10% lower on the week. 

Bitcoin seven-day price chart. Source: Finbold
In the short term, Bitcoin needs to hold above the $110,000 support to maintain hopes of retesting the $115,000 resistance.

Featured image via Shutterstock

Is XRP setting up for a reversal? In today's "Chart of the Day," presented by Crypto.com, CoinDesk's Jennifer Sanasie dives into the data, a new partnership driving market sentiment, and what XRP moves traders are watching for next.

Shiba Inu’s price has been on a strong downward trend this year, and a rare chart pattern points to more downside as whales dump and exchange balances rise.

Summary

Shiba Inu price has formed a descending triangle pattern on the daily chart. 
Whales have started selling their SHIB coins this week.
The volume of Shiba Inu tokens in exchanges has continued rising.

Shiba Inu (SHIB), the biggest Ethereum meme coin, was trading at $0.00001052, down 70% from its highest level in December of last year. This plunge has erased billions of dollars in value, with its market cap falling to $6.9 billion from the November high of $18.8 billion.

SHIB price could be at risk of more downside as its fundamentals disappoint. Data show that the supply of SHIB coins on exchanges has started rising this week. There are now 276 trillion tokens, up from 275 trillion on Sunday. Rising exchange inflows are a sign that investors are selling their coins.

Meanwhile, whale and smart-money investors have started selling their tokens. Whales now hold about 91.96 billion tokens, down from 213 billion this week. Also, smart-money investors have reduced their holdings substantially in the past few weeks.

Meanwhile, activity in Shibarium has faded in the past few months. It now has a total value locked of just $865,000, a 50% plunge from a month ago. This crash has accelerated after the recent ShibaSwap hack. 

Shiba Inu’s burn rate has continued to deteriorate in the past few months. For example, only 571,347 SHIB coins worth about $5 were burned on Wednesday. One reason for this is that the Shibarium network is not making any money.

SHIB price chart | Source: crypto.news
The daily time frame chart shows that the SHIB price has been in a downtrend this year. It has now formed a descending triangle pattern whose lower side is at $0.00001052, its lowest point in April and June this year. The upper side connects the highest swing since February.

Shiba Inu price confirmed this pattern during last week’s crypto market crash. It has now formed a break-and-retest pattern by moving back to the lower side of the triangle. 

Therefore, the token will likely resume the downtrend and get to a low of $0.0000060. This target is estimated by first measuring the widest point of the triangle and then the same distance from the triangle’s lower side.

Changpeng Zhao, former chief executive officer at the Binance exchange, stated that the exchange never delisted the XRP token after Ripple got "attacked" by the U.S. Securities and Exchange Commission (SEC). 

CZ has added that the exchange has listed all coins with a market cap of over $100 billion. 

Strong projects don't have to payRecently, CZ made rather dismissive comments about how strong projects do not actually have to pay to get listed. Those who are compliant about "fees" or airdrops should focus on building some "real value."

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The comment was made in response to Limitless Labs CEO CJ Hetherington revealing Binance's non-negotiable demands for an "alpha listing," which is early access to spot trading on the popular trading platform. 

Hetherington (@cjhtech) alleged that projects had to distribute 4% of the total supply to Binance users to be free in the form of a promotional airdrop. Another 1% of the tokens had to be handed to Binance for marketing. Binance also allegedly demands a $250,000 security deposit and a $2 million BNB security deposit for spot listing as collateral. 

The Limitless Labs CEO claims that developing a project on Base, Coinbase's layer-2 blockchain, would make more sense. Base creator Jesse Pollak also took a dig at Binance, arguing that it should cost $0 to list a token. 

Sour grapes? CZ responded to the allegations by accusing Hetherington of having a "loser mentality." 

He further explained that the fees apply only to high-risk listings. Moreover, Binance co-founder He Yi stressed that the deposits are refundable. 

Omnichain versions of Tether’s stablecoin USDt (USDT) and Tether Gold (XAUT) are now available on Solana through Legacy Mesh, an interoperability network built on LayerZero that connects native stablecoin liquidity across multiple blockchains; this could position Solana as a competitive settlement layer for onchain finance and real-world assets (RWAs).

The deployment of USDT0 and XAUT0 effectively brings Tether’s digital dollar and tokenized gold to Solana, potentially merging stablecoin liquidity with real-world asset use cases.

Unlike Tether’s USDT stablecoin, USDT0 is not issued by Tether. Instead, it is part of a third-party omnichain liquidity network designed to unify existing native USDT liquidity across multiple blockchains. As such, Solana integration potentially strengthens Tether’s omnichain footprint, following earlier USDT0 deployments on Ethereum, OP Superchain, Polygon, TON and Arbitrum.

Legacy Mesh enables interoperability by linking native USDT liquidity pools, allowing stablecoins to move between networks without relying on wrapped tokens or third-party bridges. However, bridging risks and liquidity fragmentation remain ongoing challenges across multichain systems, making it difficult to forecast how much of USDT liquidity will actually migrate to Solana.

According to the companies, the expansion increases access to Tether’s USDt, the largest stablecoin by market capitalization, with a total circulating supply of about $180 billion.

Since launch, USDT0 products have processed more than $25 billion in bridge volume across over 32,000 transfers, the companies said.

USDT’s circulating supply. Source: DefiLlamaTamar Menteshashvili, head of stablecoins at the Solana Foundation, said the integration will support growth in decentralized finance, payments and institutional-grade financial products on Solana. In practical terms, this could include treasury management, remittances and collateralized lending.

While XAUT0 is lesser known, it represents an omnichain version of Tether Gold, which has gained attention amid the yearlong surge in gold prices. XAUT brings the yellow metal onto the blockchain, giving it programmable features similar to digital assets like Bitcoin (BTC).

Stablecoins, RWAs gain traction on SolanaSolana, long known within crypto circles as one of the fastest-growing blockchain networks, is increasingly attracting attention from traditional finance. With a market capitalization of about $112.6 billion, Solana is the second-largest smart contract platform after Ethereum.

According to Matt Hougan, chief investment officer at Bitwise Asset Management, Solana is positioned to win over Wall Street, potentially becoming banks’ preferred network for stablecoin transactions.

Source: Matt HouganAt the same time, RWA tokenization on Solana has been accelerating. Protocols such as Splyce and Chintai recently launched products that allow retail investors to access tokenized securities directly on the network.

RWA value by network. Source: RWA.xyzDespite this momentum, Solana still represents only a small fraction of the overall RWA market, with about $694 million in tokenized assets currently onchain, according to industry data. Ethereum remains the largest network for RWAs, hosting nearly $12 billion in value. 

That gap underscores the competition among blockchains seeking to attract institutional finance and real-world asset flows, particularly amid a pro-industry regulatory shift in the United States.

Magazine: Solana Seeker review: Is the $500 crypto phone worth it?

Journalist

Posted: October 15, 2025

Key Takeaways
Is Bitcoin nearing the end of its bull run?
No, data shows signs of more room to grow.

Can negative Funding Rates predict the next Bitcoin rally?
Recent history shows Bitcoin often surges after funding rates turn negative.

97% of Bitcoin [BTC] supply was in profit, and short-term holders (STHs) have been in the spotlight. While prices seem stretched, on-chain data showed the market might still have more room to grow.

So, is this the beginning of the end… or just the start of the final push?

The signs are glaring
The NUPL (Net Unrealized Profit/Loss) metric was at +0.52, at press time, a level that is usually where the transition from optimism to full-blown euphoria takes place.

In past cycles like 2017 and 2021, this zone has been linked to peak bullish sentiment… and major price rallies.

Source: CryptoQuant

With 97% of the Bitcoin supply in profit, investor confidence remained high. But this also means the market is getting crowded, and any further upside may need some consolidation first to stay sustainable.

New whales take the wheel
STHs now make up 44% of Bitcoin’s Realized Cap, a record high. This shift shows that LTHs are taking profits while new market entrants are stepping in with serious buying power.

Source: CryptoQuant

Normally, this transfer of control happens near the final leg of a bull run. But this time might be different.

Strong ETF inflows, growing stablecoin liquidity, and institutional buyers are absorbing the sell pressure, creating a more stable kind of euphoria.

The next big sign to watch? A drop in STH dominance could bring in a new wave of long-term accumulation.

The spark behind big rallies
Here’s where things get interesting.

Every time Funding Rates on Binance turn negative, Bitcoin tends to rebound – and the pattern is repeating. Negative funding usually shows that traders are leaning bearish, creating perfect conditions for a contrarian rally.

Source: CryptoQuant

The last few times this happened – in October 2023, September 2024, and April 2025 – BTC quickly shot up from $28K to $73K, $57K to $108K, and $95K to $123K, respectively.

With Funding Rates dipping again and prices stabilizing near $115K, the next big move could once again surprise the bears.

Cover image via www.freepik.com

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

XRP, which suffered a 13.27% drop in value over the last seven days, is posting a recovery. The coin has climbed approximately 3% against Bitcoin in the past 24 hours as market sentiment shifted amid short-term bullish signals.

Can ETF speculation support XRP price recovery?XRP’s Relative Strength Index (RSI) indicates that the asset is not oversold. However, the challenge for market activity is that investors have pulled back, and volume is at a massively low level. It is currently down by 30.4% at $5.72 billion despite the hype about upcoming developments like possible exchange-traded fund (ETF) approval.

Notably, the U.S. Securities and Exchange Commission (SEC) has upcoming deadlines to approve the spot XRP ETF this October. Many anticipated that XRP volume would be up as investors engage in a last-minute frenzy to accumulate ahead of a possible approval.

However, recent insights from market watchers suggest that the deadline is just procedural and not indicative of the project launch date. Additionally, many expect that the U.S. government shutdown might affect when the SEC will decide on XRP.

This might be responsible for the lag in volume, even as price outperforms the leading crypto coin by a significant 3%.

As of this writing, XRP is changing hands at $2.48, which represents a 1.5% increase in the last 24 hours. It earlier hit an intraday peak of $2.53 before slipping due to a lack of engagement from market participants. The coin’s ability to find stability above $2.50 could determine its next trajectory.

Historical Trends Suggest XRP to $5 in NovemberPrimarily, for XRP to reclaim the $3 level, it has to retest the $2.70 - $2.80 sell zone, where it is likely to encounter huge resistance. If ecosystem bulls show support for the coin, it could catalyze the price outlook and push it to $3.0.

Interestingly, XRP’s current volatility might be a result of historical precedence and not limited to market volatility. As per Cryptorank data, the asset has always struggled in October despite the broader crypto market’s expected ‘Uptober’ rally.

Over the last 12 years, XRP’s average growth rate in the month stands at -5.22%. It has only managed to close green five out of 12 times. The data reveals that XRP might continue to fluctuate for the remaining two weeks in October and break out in November.

The coin has an average growth rate of 88% in November, and if XRP posts such an increase, it could soar to between $4.70 and $5. 

CEO Brad Garlinghouse, whose company is seeking a federal bank license and Federal Reserve "master account," called banker pushback "hypocritical." Oct 15, 2025, 4:05 p.m.

Brad Garlinghouse, the CEO of Ripple Labs, called out the Wall Street banking lobbyists who have sought to resist the movement of his company and other crypto firms into the banking sector and into the Federal Reserve's so-called master accounts.

STORY CONTINUES BELOW

The crypto sector "should be held to the same standard" on money-laundering protections and other illicit-finance safeguards as traditional financial businesses, Garlinghouse said at DC Fintech Week on Wednesday, agreeing with traditional bankers on that point. But the industry — as a result — "should have the same access to infrastructure, like a Fed master account."

"You can't say one and then combat the other," Garlinghouse said of the demands that crypto be held to similar regulatory standards. "It's hypocritical, and I think we all should call them out for being anti-competitive in that regard."

Fed master accounts would allow crypto firms more seamless integration into the U.S. financial system and direct access to the central bank's systems — a benefit at the core of traditional banking. But they've run into challenges in getting the Fed to grant such access, or even to explain how it could be obtained.

Ripple recently applied for a master account through its Standard Custody & Trust Co. affiliate — a New York trust — at the same time that the prominent crypto firm also sought a federal banking charter from the Office of the Comptroller of the Currency in July.

Garlinghouse's company, which has also recently delved into the field of stablecoin issuers, said banks are finally taking them more seriously after years of difficulty in which the resistance from U.S. regulators made the financial firms reluctant to engage.

"I had meetings yesterday in New York City, where banks that would not have talked to us three years ago are now leaning in and saying, how could we partner around this?" he said, confirming that those conversations involved Ripple's stablecoin effort, known as RLUSD.

He said granting crypto firms such as Ripple and Circle master accounts will contribute to more stability, regulatory oversight and risk mitigation.

"It's been a little disappointing to see some of the traditional banks start to lobby against things like that," Garlinghouse said.

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Crypto Trading Volumes Fall 17.5% in September Despite Record Open Interest

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Combined spot and derivatives volumes fell 17.5% in September, continuing a four-year seasonal trend

What to know:

Trading activity falls 17.5% in September slowdown: Combined spot and derivatives volumes dropped to $8.12 trillion, marking the first decline after three months of growth. September has now seen reduced trading volume for the fourth consecutive year.Open interest reaches record high despite derivatives market share decline: Total open interest surged 3.2% to $204 billion and peaked at an all-time high of $230 billion during the month.Altcoins on CME outperform as Bitcoin and Ether futures decline: While CME's total derivatives volume stayed flat at $287 billion (-0.08%), SOL futures jumped 57.1% to $13.5 billion and XRP futures rose 7.19% to $7.84 billion. BTC and ETH futures fell 4.05% and 17.9% respectively.View Full Report

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What to know:

The U.S. agency that regulates national banks, the Office of the Comptroller of the Currency, has granted a charter to Erebor Bank, a lender born of the technology sector.The OCC chief noted that this move should demonstrate how open the regulator is to digital assets activity in its regulated banks.Read full story

4 minutes ago

DOGE holders are quietly accumulating after the recent 66% crash, with onchain data showing that historically accurate top signals have yet to trigger.

26

Key takeaways:

Onchain data shows short-term holders are accumulating despite volatility.

Technical patterns mirror past Dogecoin bull cycles, hinting at a breakout phase to $1.60 by Q1, 2026. 

Dogecoin (DOGE) experienced a steep drop on Oct. 10, with prices plunging to $0.08 from $0.25 in a sudden 66% flash crash. Despite a swift recovery to $0.20, the move wiped out over $365 million in long positions, more than four times the previous yearly high of $89 million in long liquidations. While leveraged markets underwent a massive reset, spot traders could be taking advantage of the situation.

DOGE one-week chart. Source: Cointelegraph/TradingViewOnchain data suggested that DOGE’s long-term fundamentals remain resilient even after the liquidation event. Alphractal CEO Joao Wedson said that DOGE has not yet entered a phase of “euphoria,” and short-term holders are steadily accumulating. The analyst explained that DOGE reached its cycle top in December 2024 precisely at the CVDD Alpha metric, a tool based on Cumulative Value Days Destroyed used to identify cycle peaks and bottoms.

While the 2024 top was relatively weak in terms of onchain interest, Wedson highlighted that the model has accurately captured every DOGE top since 2016.

DOGE CVDD data analysis. Source: Joao Wedson/XRecent Hodl Waves data showed an increasing share of DOGE supply held by investors with up to six months of coin age, a sign of renewed speculative inflows. Historically, this has been a precursor to higher prices, as new capital entering the market lifts DOGE’s Realized Cap. Supporting this, the MVRV Z-Score remained far below euphoric levels last seen in 2021, indicating that the market is still in an early expansion phase.

Meanwhile, data from CryptoQuant indicated that retail positioning remains neutral, with no signs of speculative frenzy. The current equilibrium in retail participation, neither overheated nor apathetic, typically reflects an environment where accumulation outweighs hype.

This phase often precedes broader retail inflows, suggesting that DOGE’s ongoing rally may still have room to extend before peaking.

DOGE spot retail activity through trading frequency. Source: CryptoQuantUncertainty could be a bullish signal for DOGEWhile sentiment around DOGE appears cautious after the flash crash, this very uncertainty has historically been among its strongest bullish signals.

Crypto trader EtherNasyonal observed that every significant DOGE rally in history began after maintaining persistence above the 25-day moving average, breaking a long-term falling trend, and entering a retest phase. The trader said that all these conditions are currently in place, pointing out that DOGE tends to begin its major runs under conditions of disbelief and market fatigue.

DOGE one-month analysis by EtherNasyonal. Source: XSimilarly, market analyst Trader Tardigrade highlighted that DOGE’s current structure mirrors its 2014–2017 bull cycle, implying that a breakout rally could follow, potentially targeting $1.60 by early 2026.

DOGE bull cycle comparison. Source: Trader Tardigrade/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Earlier this year, the non-profit pledged to update its treasury management practices and engage directly with the Ethereum DeFi ecosystem.

On Oct. 10, 2025, the BNB Chain ecosystem experienced the sharpest drop since tracking began.

Oct. 10 crash erased ~21.9% of BNB Chain’s mcap before partial recovery.Select tokens like BAS (+435%) and CLO (+338%) defied the downturn.Binance rolls out $45M meme coin airdrop, ENSO listing, and $400M relief plan.Following the Oct. 10 mass liquidation event, most crypto sectors suffered a heavy blow, and many altcoins were sent crashing below high-timeframe support levels.

Sentiment remains down, with the CMC Fear and Greed Index squarely in Fear territory at 37, but most sectors are showing signs of a recovery.

Despite the market turmoil, the BNB sector held up better than most since our last update.

Here’s what unfolded👇

On Oct. 10, 2025, the BNB Chain ecosystem experienced the sharpest drop since tracking began.

Within the span of eight hours, approximately 21.9% of its market capitalization (mcap) was erased following a chain liquidation event that sent many BEP-20 assets collapsing to bargain-basement prices.

The crash appears to be the result of a perfect storm beginning with FUD surrounding Trump’s tariff threat against China, which sparked a sell-off that stressed trading infrastructure and wiped out excess leverage in the market.

The BNB Chain ecosystem has since somewhat recovered, but remains down 9.5% week-over-week (WoW).

As you might expect, the vast majority of BEP-20 tokens are in the red this week, with some of the worst performers falling by >50% apiece.

Approximately 15% of tokens managed to buck the downtrend and remain in the green this week, while a handful of exceptional performers managed to outperform.

BNB Attestation Service (BAS): +435.7% (Whale accumulation sent BAS to an all-time high)ChainOpera AI (COAI): +358.3% (Unclear catalyst)Yei Finance (CLO): +338.4% (Token launch plus Binance Alpha, KuCoin, and WEEX listings)Humanity Protocol (H): +120.5% (Whale accumulation and renewed listing attention)Source: Artemis

When it comes to on-chain metrics, BNB slipped to third place in terms of DEX trading volume and is currently the second-most popular L1 for daily transaction counts (behind Solana).

Overall, a gloomy week for the sector, but things are beginning to brighten up.

Despite the adverse market conditions, the BNB Chain sector saw several bullish developments this week. Below, we’ve summarized a selection of the most significant.

BNB Chain Launches $45M Airdrop for Meme Coin Traders: BNB Chain is launching a $45 million “Reload Airdrop” to roughly 160,000 addresses that have traded meme coins, as a gesture of support and to stimulate liquidity following the crash’s fallout.

Binance: Enso (ENSO) HODLer Airdrop + Listing: Binance unveiled an ENSO HODLer Airdrop for BNB holders and confirmed the ENSO listing with multiple spot pairs, plus promotions via Airdrop Portal and Simple Earn integration.

Binance Launches $400M ‘Together Initiative’: Binance announced a $400M recovery and confidence-rebuilding plan to support impacted users and institutions after recent market turbulence, outlining reimbursements and ecosystem relief measures. (source)

>> That’s all for now. Check in next week for another dose of BNB Chain news and updates!

This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.

A specialist trader works at the post where BlackRock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights, opens new tab

CompaniesOct 15 (Reuters) - An investor group, which includes BlackRock

(BLK.N), opens new tab, Nvidia

(NVDA.O), opens new tab, xAI and Microsoft

(MSFT.O), opens new tab, will buy Aligned Data Centers from Macquarie Asset Management and co‑investors in a deal worth $40 billion.

The deal is expected to close in the first half of 2026, the companies said on Wednesday. Aligned will remain based in Dallas, Texas, and will be led by CEO Andrew Schaap.

Sign up here.

The group aims to deploy $30 billion of equity capital initially, with the potential of reaching $100 billion, including debt.

Here are key facts about Aligned Data Centers:

SIZE AND SCALE** Founded in 2013 and based in Texas, the company builds and operates data centers for hyperscalers and cloud computing companies.

** The company has 50 data center campuses and touts roughly 5-gigawatts of contracted and available capacity.

** Aligned completed a capital raise of more than $12 billion in January this year, which includes $5 billion of new primary equity, comprising funds managed by Macquarie Asset Management, and more than $7 billion of new debt commitments.

** It acquired Latin American data center provider ODATA in 2023, in a major push to boost its portfolio, with ODATA now operating in Brazil, Chile, Colombia, Mexico and the U.S.

** Aligned is also building a new data center in Texas with Nvidia-backed cloud company Lambda.

EXECUTIVE TEAM** Andrew Schaap is the CEO of Aligned Data Centers since 2017. Prior to joining Aligned, he held many leadership roles in his 11 years with data center operator Digital Realty Trust

(DLR.N), opens new tab.

** Schaap is the founder and board member of DC Delta, an advisory council of global data center end users and innovators, among others, who are focused on data center efficiency and sustainability.

** Meghan Baivier is the finance chief of Aligned Data Centers since 2024.

** Prior to joining Aligned, Baivier was chief operating officer of Easterly Government Properties, a fully integrated real estate investment trust focused properties leased to the U.S. government.

CUSTOMERS** The company targets hyperscalers, cloud providers, neocloud operators and large enterprise customers.

** Cloud computing platform Nutanix and IT services provider

Datto, opens new tab are among the customers of Aligned Data Centers.

COMPETITORS** Companies such as Equinix

(EQIX.O), opens new tab, Digital Realty Trust

(DLR.N), opens new tab, CyrusOne, Microsoft

(MSFT.O), opens new tab and Vantage Data Centers are rivals of Aligned.

Reporting by Jaspreet Singh in Bengaluru

Our Standards: The Thomson Reuters Trust Principles., opens new tab

SummaryB2Gold is expanding production as gold prices hit record highs, positioning the company for strong performance through 2026.BTG benefits from new assets like the Goose Mine, ramping up production and reducing geopolitical risk while maintaining industry-leading low costs.Despite recent stock gains, BTG remains undervalued versus peers, with a forward P/E of 9.4x and strong free cash flow potential post-2026.I am bullish on both gold and BTG, seeing it as a solid long-term holding for income and capital appreciation as production and margins grow. wildpixel/iStock via Getty Images

Introduction Until recently, I did not follow mining companies, and honestly, I never noticed them before. If you follow me, you know that I am far more focused on technology. Metals were simply not part of my regular research routine. But recently, a colleague of mine here on

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

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

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Progressive Corp (NYSE:PGR) shares fell nearly 8% to $221.97 in late-morning trading on Wednesday after the insurance company reported third quarter 2025 earnings that fell short of Wall Street expectations. 

Progressive’s earnings per share for the quarter came in at $4.45, up from $3.97 a year earlier but missed the analyst consensus estimate by $0.85. 

Its Q3 sales rose 14.2% year over year to $22.51 billion, which was in line with the consensus forecast.  

The company's net premiums written for the period, meanwhile, increased 10% to $21.38 billion, boosted by strong demand for its auto insurance policies. 

Progressive provides insurance for personal as well as commercial autos and trucks, motorcycles, boats, recreational vehicles and homes. 

October 15, 2025 11:15 AM EDT | Source: STLLR Gold Inc.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto, Ontario--(Newsfile Corp. - October 15, 2025) - STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) ("STLLR" or the "Company") is pleased to announce it has closed its previously announced private placement financing for aggregate gross proceeds of C$36,613,902 comprised of the following components:

a "bought deal" private placement led by Paradigm Capital Inc. ("Paradigm") and SCP Resource Finance LP ("SCP") comprised of:2,790,200 common shares in the capital of the Company ("Common Shares") that qualify as flow-through shares (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) sold on a charitable flow-through basis (the "Premium FT Shares") at a price of C$1.792 per Premium FT Share for gross proceeds of C$5,000,038.40;3,246,800 Common Shares that qualify as flow-through shares (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) sold on a flow-through basis (the "FT Shares") at a price of C$1.54 per FT Share for gross proceeds of C$5,000,072; and5,166,026 Common Shares, which included a partial exercise of the underwriters' option (the "Hard Dollar Shares") (which for greater certainty do not qualify as "flow-through shares") at a price of C$1.28 per Hard Dollar Share for gross proceeds of C$6,612,513.28, and together with the gross proceeds from the Premium FT Shares and FT Shares, representing aggregate gross proceeds of C$16,612,623.68 (the "Bought Private Placement");a brokered private placement on a commercially reasonable "best efforts" agency basis led by Paradigm of 11,719,000 Common Shares (the "Best Efforts Shares") (which for greater certainty do not qualify as "flow-through shares") at a price of C$1.28 per Best Efforts Share for gross proceeds of C$15,000,320 (the "Best Efforts Private Placement"); anda non-brokered private placement to Agnico Eagle Mines Limited ("Agnico Eagle") of 3,907,000 Common Shares (the "Concurrent Shares") (which for greater certainty do not qualify as "flow-through shares") at a price of C$1.28 per Concurrent Share for gross proceeds of C$5,000,960 (the "Non-Brokered Private Placement", and together with the Bought Private Placement and the Best Efforts Private Placement, the "Offering").As a result of the Offering:

Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned by Mr. Sprott, increased his ownership interest in the Company to approximately 15% on a non-diluted basis through his participation in the Best Efforts Private Placement;

Agnico Eagle increased its ownership interest in the Company to approximately 11%; and

certain officers and directors of the Company purchased 434,100 Hard Dollar Shares and 19,500 FT Shares under the Offering.

Keyvan Salehi, P.Eng., MBA, President and CEO of STLLR, commented, "This financing strengthens our ability to advance the Tower Gold and Hollinger Tailings projects in the Timmins Mining Camp. We greatly appreciate the continued support from our investors, especially our largest shareholders, Eric Sprott and Agnico Eagle."

The Common Shares issued under the Offering were sold to eligible purchasers pursuant to applicable exemptions from the prospectus requirements in each of the Provinces of Canada under National Instrument 45-106 - Prospectus Exemptions, and in other agreed to selling jurisdictions. The Common Shares issued under the Offering are subject to a restricted hold period expiring February 16, 2026. The Offering remains subject to the final approval of the Toronto Stock Exchange.

Certain insiders of the Company participated in the Offering. By virtue of their participation, the Offering constitutes a "related party transaction" for the purposes of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Participation by the insiders of the Company in the Offering will not be subject to the minority approval and formal valuation requirements under MI 61-101 as neither the fair market value of the subject matter, nor the fair market value of the consideration for the Common Shares, insofar as it involves the insiders, exceeded 25% of STLLR's market capitalization.

An amount equal to the gross proceeds from the issuance of the Premium FT Shares and FT Shares will be used to incur "Canadian exploration expenses" as defined in the Income Tax Act (Canada) that will qualify as "flow-through mining expenditures", as defined in subsection 127(9) of the Income Tax Act (Canada) (the "Qualifying Expenditures"). The Qualifying Expenditures will be incurred on or before December 31, 2026 and an amount of such Qualifying Expenditures equal to the gross proceeds from the issuance of the FT Shares and Premium FT Shares will be renounced by the Company to the subscribers of the FT Shares and Premium FT Shares with an effective date no later than December 31, 2025.

The net proceeds from the sale of the Hard Dollar Shares, Best Efforts Shares and Concurrent Shares will be used for non flow-through eligible operating expenses and for general corporate and working capital purposes and the gross proceeds from the sale of the FT Shares and Premium FT Shares will be used for exploration expenditures on the Company's exploration properties.

Paradigm and SCP were paid a cash commission in connection with the Bought Private Placement and the Best Efforts Private Placement. No commission was paid in connection with the Non-Brokered Private Placement.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About STLLR Gold

STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) is a Canadian gold development company actively advancing high-potential gold projects in Canada: The Tower Gold Project and the Hollinger Tailings Project in the Timmins Mining Camp in Ontario and the Colomac Gold Project located north of Yellowknife, Northwest Territories. Tower and Colomac have the potential to become large-scale, long-life operations and are surrounded by exploration land with favourable upside potential. STLLR's experienced management team, with a track record of successfully advancing projects and operating mines, is working towards rapidly advancing these projects.

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to the Company's exploration initiatives; and the use of proceeds of the Offering. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "advancing", "working towards", "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved".

Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of STLLR to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current exploration activities, government regulation, political or economic developments, ongoing wars and their effect on supply chains, environmental risks, pandemic risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in the Company's annual information form for the year ended December 31, 2024, available on www.sedarplus.ca. Although STLLR has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. STLLR does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270470

Plumas Bancorp (PLBC - Free Report) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +104.55%. A quarter ago, it was expected that this company would post earnings of $1.2 per share when it actually produced earnings of $1.05, delivering a surprise of -12.5%.

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

Plumas Bancorp, which belongs to the Zacks Banks - West industry, posted revenues of $27.42 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 2.41%. This compares to year-ago revenues of $21.11 million. The company has topped consensus revenue estimates two times over the last four quarters.

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

Plumas Bancorp shares have lost about 9.6% since the beginning of the year versus the S&P 500's gain of 13%.

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

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

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

Ahead of this earnings release, the estimate revisions trend for Plumas Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.41 on $28.3 million in revenues for the coming quarter and $4.35 on $97.6 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the bottom 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, First Hawaiian (FHB - Free Report) , has yet to report results for the quarter ended September 2025. The results are expected to be released on October 24.

This bank holding company is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over-year change of +8.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

First Hawaiian's revenues are expected to be $218.28 million, up 4% from the year-ago quarter.

Bank7 Corp. (NASDAQ:BSVN) Q3 2025 Earnings Call October 15, 2025 10:00 AM EDT

Company Participants

Thomas Travis - President, CEO & Vice Chairman
Jason Estes - Executive VP & Chief Credit Officer
Kelly Harris - Executive VP & CFO

Conference Call Participants

Adam Kroll - Piper Sandler & Co., Research Division
Wood Lay - Keefe, Bruyette, & Woods, Inc., Research Division
Matt Olney - Stephens Inc., Research Division

Presentation

Operator

Welcome to the Bank7 Corp. Third Quarter 2025 Earnings Call. Before we get started, I'd like to highlight the legal information and disclaimer on Page 27 of the investor presentation. For those who do not have access to the presentation, management is going to discuss certain topics that contain forward-looking information, which is based on management's beliefs as well as assumptions made by and information currently available to management. Although management believes that the expectations reflected in such forward-looking statements are reasonable, they can give no assurance that such expectations will prove to be correct.

Such statements are subject to certain risks, uncertainties and assumptions, including among other things, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity and monetary and supervisory policies of banking regulators. Should one or more of these risks materialize or should underlying assumptions prove incorrect, actual results may vary materially from those expected.

Also, please note that this conference call contains references to non-GAAP financial measures. You can find reconciliations of these non-GAAP financial measures to GAAP financial measures in an 8-K that was filed this morning by the company. Representing the company on today's call, we have Brad Haines, Chairman; Tom Travis, President and CEO; J.T. Phillips, Chief Operating Officer; Jason Estes, Chief Credit Officer; Kelly Harris, Chief Financial Officer; and Paul Timmons, Director of Accounting.

With that, I'll turn

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Guests can immerse themselves in the region with extended stays on cruises from Tokyo, Singapore and Hong Kong

, /PRNewswire/ -- Holland America Line unveiled its 2027–2028 Asia season, featuring cruises to some of the region's most captivating destinations. The upcoming season introduces three new ports in Japan—Hitachinaka, Nagoya, and Maizuru—along with a new scenic cruising experience in Maizuru Bay. More overnight stays in six top destinations create opportunities for a deeper authentic connection with each locale—whether through vibrant night markets, iconic city lights or unforgettable sunsets.

Noordam will sail Holland America Line's 2027-2028 Asia cruise season.

Sailing from September 2027 to April 2028 aboard Noordam, guests can explore ports across Japan, South Korea, China, Singapore, Thailand, the Philippines and Vietnam. Cruises range from 13 to 15 days, and Noordam's ideal size enables access to unique ports not available to larger ships, including Jeju, South Korea, and Boracay, Philippines, offering guests a broader range of experiences throughout the region.

"Asia offers guests a wealth of natural wonders and remarkable cultural landmarks," said Robert de Bruin, Holland America Line's director of deployment and itinerary planning. "We know our guests are eager for deeper exploration, so this season we've added new ports, increased calls to lesser-visited destinations and provided extended stays in popular locales. These enhancements allow guests to make the most of their journey, fully delving into the culture of each destination."

On select itineraries, guests can discover Japan's maiden ports, each offering distinct cultural and scenic experiences. In Hitachinaka, travelers can stroll through the renowned Seaside Park, celebrated for its vibrant, seasonal floral displays. Nagoya features a reconstructed castle adorned with golden shachi-hoko roof ornaments and a rich urban heritage. Maizuru, a historic port city with deep naval roots, is complemented by a new scenic cruising experience through Maizuru Bay, where guests can take in the striking patterns of verdant islands set against calm, blue waters.

Overnight stays in Halong Bay, Vietnam; Seoul, South Korea; Bangkok, Thailand; Manila, Philippines; Osaka, Japan; and Shanghai, China, allow guests to make the most of each destination. From taking in stunning sunsets in Halong Bay and exploring Manila's historic San Agustin Church to experiencing Shanghai's iconic neon lights, these longer visits provide for a deeper, more authentic connection with each locale.

Guests can choose from 15 distinct itineraries, with many sailing from Tokyo, Japan, making it easy for guests to add days in the vast metropolis ahead of their sailing. Additional departures are available from Singapore; Hong Kong, China; and Seattle, Washington—providing travelers with a range of options to suit their preferred travel plans and allowing for seamless connections to and from Asia's most dynamic cities.

Season Highlights

14-Day Circle Japan: four departures available, roundtrip Tokyo or from Yokohama (Tokyo) to Tokyo. Each itinerary circles Japan's Honshu, Shikoku and Kyushu islands, visiting up to 10 ports in Japan, as well as a call to Sokcho, Busan (Pusan) or Yeosu, South Korea. Select itineraries include late-night calls at Hiroshima, Osaka (Kobe) and Hakodate, Japan.
14-Day Southern Japan: departs Feb. 27, 2028, roundtrip from Tokyo. Calls at eight ports in Southern Japan, including a maiden call at Nagoya. Also features an overnight call at Osaka (Kobe), as well as a visit to Busan (Pusan).
14-Day Japan, South Korea and China: departs Oct. 24, 2027, from Tokyo to Hong Kong. Calls sat ix ports in Japan, including a late-night call at Hiroshima; Busan (Pusan), nearly two days at Shanghai.
14-Day China & Japan Discovery: Shanghai & Osaka Overnight: departs Feb. 13, 2028, sailing from Hong Kong to Tokyo. Includes overnight calls at Shanghai and Osaka (Kobe), as well as five additional ports in Japan.
14-Day Japan & South Korea Discovery: departs March 12, 2028, sailing from Tokyo to Yokohama (Tokyo). Calls at five ports in Japan, including a late-night call at Osaka (Kobe) and three ports in South Korea—including lesser visited Jeju (Cheju) and an overnight call at Incheon (Seoul).
14-Day Far East Discovery: five departures available, sails between Hong Kong and Singapore. Calls at ports in Vietnam, Cambodia and Thailand—including overnight stays at Halong Bay and Laem Chabang (Bangkok), Thailand. For travelers looking to make their holidays special, guests can embark Dec. 19, 2027, spending Christmas Eve in Da Nang, Vietnam, and Christmas Day in the South China Sea—and celebrate New Year's Eve in Nathon, Thailand, before ringing in the New Year at sea.
14-Day Thailand, Malaysia and the Philippines: departs Jan. 30, 2028, sailing from Singapore to Hong Kong. Calls at six ports throughout the region, including overnight stays in Manilaand Laem Chabang (Bangkok).
13- or 15-Day North Pacific Crossing; 13-day departs Sep. 12, 2027, from Seattle to Tokyo, calling at Ketchikan, Alaska; and Kushiro and Aomori, Japan, before reaching Tokyo. The 15-day departs Apr. 23, 2028, from Tokyo, calling at Kushiro; Kodiak, Sitka and Ketchikan, Alaska; and Prince Rupert, British Columbia, before reaching Vancouver, Canada.
Destination Dining

While on board Noordam, guests will be able to enjoy the flavors of Asia through Holland America Line's Destination Dining program. The culinary team crafts menus that tell the story of each region visited, using local ingredients sourced directly from trusted purveyors. From port-to-plate specialties to time-honored classics, every dish is a celebration of authentic flavor. Guests can experience Asia's signature tastes with offerings such as Japanese rockfish and fresh sushi, Korean bibimbap with beef bulgogi, Thai mango sticky rice, Filipino chicken adobo, matcha lava cake, Indonesian coconut-filled pancakes and Vietnamese-style fresh spring rolls. Guests onboard Asia cruises can also enjoy two pop-ups while sailing: Taste of Tamarind and Morimoto by Sea.

Shore Excursions: Culture, History and Adventure

Holland America Line's shore excursions offer curated experiences that showcase each destination's culture, history and natural beauty. In Busan, travelers can explore cliffside temples and vibrant art villages that blend ancient traditions with modern energy. In Kochi,  samurai-era castles, riverside serenity and bustling local markets offer a peaceful glimpse into the country's heritage. In Da Nang, guests can tour the ancient city of Hoi An, ride rickshaws through lively streets or unwind on the golden sands of My Khe Beach.

Have It All Early Booking Bonus

For a limited time, when guests book 2027-2028 Asia cruises with the Have It All premium package, the standard package amenities of shore excursions, specialty dining, a Signature Beverage Package and Surf Wi-Fi are included — plus the added perk of free prepaid crew appreciation, along with free upgrades to the Elite Beverage Package and Premium Wi-Fi.

Guests can also take advantage of Holland America Line's Exclusive Mariner Society Early Booking Bonus. Mariner Society loyalty members can enjoy up to $400 onboard credit per stateroom when these cruises open for sale. Guests must book these cruises by Jan. 12, 2026, to receive the Exclusive Mariner Society Early Booking Bonus.

For more information about Holland America Line, consult a travel advisor, call 1-877-SAIL HAL (877-724-5425) or visit hollandamerica.com.

Find Holland America Line on Facebook, Instagram and the Holland America Blog. You can also access all social media outlets via the home page at hollandamerica.com. 

About Holland America Line [a division of Carnival Corporation and plc (NYSE: CCL and CUK)]

Holland America Line has been exploring the world for 150+ years with expertly crafted itineraries, extraordinary service and genuine connections to the destinations. Offering an ideal perfectly-sized ship experience, its fleet visits nearly 400 ports in 114 countries around the world and has shared the thrill of Alaska for more than 75 years — longer than any other cruise line. Holland America Line's 11 vessels feature a diverse range of enriching activities and amenities focused on destination immersion and personalized travel. Guests enjoy the best entertainment at sea, and dining venues featuring exclusive dishes by world-famous.

SOURCE Holland America Line

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Investors in Alnylam Pharmaceuticals, Inc. (ALNY - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 19, 2025 $140.00 Put had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for Alnylam Pharmaceuticals shares, but what is the fundamental picture for the company? Currently, Alnylam Pharmaceuticals is a Zacks Rank #2 (Buy) in the Medical - Biomedical and Genetics industry that ranks in the Top 36% of our Zacks Industry Rank. Over the last 60 days, three analysts have increased their earnings estimates for the current quarter, while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from earnings of $1.14 per share to $1.71 in that period.

Given the way analysts feel about Alnylam Pharmaceuticals right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

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SummaryVerizon remains a buy, especially on pullbacks into the $30s, with a focus on dividend collection and covered call strategies.Expecting Q3 revenue of $33.9-$34.5 billion, with stable wireless growth, modest Fios and broadband additions, and continued business segment softness.Targeting Q3 EPS of $1.20-$1.22 and free cash flow of $4.8-$5.2 billion, which comfortably covers the rising dividend despite high leverage.Recent pullback offers a buying opportunity as interest rates fall, with small revenue and EPS gains expected and strong cash flow supporting the investment thesis.Looking for a helping hand in the market? Members of BAD BEAT Investing get exclusive ideas and guidance to navigate any climate. Learn More » claudiodoenitzperez/iStock Editorial via Getty Images

We continue to have a buy rating on Verizon Communications Inc. (NYSE:VZ), though the telecom stocks have recently pulled back pretty notably in recent weeks. We view a pullback into the $30s as a buy. We have been holding and trading around

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

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

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Key Takeaways Walmart partners with OpenAI to enable "AI-first shopping" directly within ChatGPT.The retailer uses AI to boost productivity, speed fashion cycles and cut care resolution times.
Q2 fiscal 2026 revenues rose 4.8% as global e-commerce sales climbed roughly 25%.
Walmart Inc. (WMT - Free Report) is rapidly scaling the use of artificial intelligence across its business to enhance productivity, improve customer experience and strengthen operational efficiency. The retail giant has partnered with OpenAI to let customers shop directly within ChatGPT, blending conversation with commerce in what the company calls an “AI-first shopping” model.

The initiative allows users to plan meals, restock essentials or discover new products simply by chatting and buy instantly through “Instant Checkout.” Walmart believes this will move shopping from reactive to proactive, where AI doesn’t just respond but learns, predicts and anticipates what customers might need next. This partnership builds on Walmart’s growing use of AI across its ecosystem.

The company already uses machine learning to enhance product catalogs, cut customer-care resolution times by as much as 40%, and even reduce fashion production cycles by up to 18 weeks. Walmart has also been promoting AI literacy among employees.

In its recent second-quarter fiscal 2026 results, Walmart reported solid momentum, with total revenues up 4.8% and global e-commerce sales increasing about 25%. Management emphasized that AI is becoming deeply embedded in Walmart’s ecosystem — from the customer-facing “Sparky” assistant to tools that help associates and suppliers work smarter.

CEO Doug McMillon noted that Sparky is already shifting the shopping experience from traditional search to an intelligent, conversational model. Over time, it will evolve into a personalized digital companion that can manage everything from reorders to returns. Walmart is also building additional “super-agents” tailored to associates, suppliers, and developers to streamline scheduling, onboarding and innovation processes. These AI systems, combined with digital twins and predictive analytics, are expected to make operations faster, more accurate and more proactive.

Walmart’s Path to AI-Led RetailAs Walmart deepens its AI ambitions, the OpenAI partnership marks more than just a technological milestone — it’s a signal of where retail is headed next. By merging its vast physical and digital infrastructure with conversational intelligence, Walmart is positioning itself to meet customers where they are and how they shop.

The success of this initiative will depend on execution and consumer trust. If done right, it could redefine convenience and personalization at scale. Essentially, Walmart isn’t just experimenting with AI; it’s laying the groundwork for a future where shopping feels less like a transaction and more like a conversation.

Image Source: Zacks Investment Research

The Zacks Rank #3 (Hold) company’s shares have rallied 12.7% in the past three months, outpacing the industry’s growth of 6.4%.

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The Zacks Consensus Estimate for Petco Health and Wellness’ current fiscal-year earnings indicates growth of 250% from the prior-year level.

Sally Beauty Holdings, Inc. (SBH - Free Report) operates as a specialty retailer and distributor of professional beauty supplies. It currently carries a Zacks Rank of 2 (Buy). SBH delivered a trailing four-quarter average earnings surprise of 8.3%.

The Zacks Consensus Estimate for Sally Beauty’s current fiscal-year earnings implies an increase of 8.9%, from the year-ago actuals.

The TJX Companies, Inc. (TJX - Free Report) , an off-price retailer, currently carries a Zacks Rank #2. TJX delivered a trailing four-quarter earnings surprise of 5.4%, on average.

The Zacks Consensus Estimate for The TJX Companies’ current financial-year sales and earnings calls for growth of 7% and 8.9%, respectively, from the year-ago reported numbers.