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2025-10-15 04:28 4mo ago
2025-10-15 00:19 4mo ago
Sorare CEO still bullish on Ethereum despite ‘upgrade' to Solana cryptonews
ETH SOL
Nicolas Julia, CEO of fantasy sports crypto platform Sorare, said he hasn’t lost faith in Ethereum despite its plan to migrate to Solana — a move he has described as an “upgrade.”

Last Thursday, Sorare announced that it would migrate from Ethereum after six years, capitalizing on Solana’s scalability and consumer-focused user base. The company will move over 10 sports games and their trading cards to Solana. 

“It’s not a replacement, it’s an upgrade,” Sorare said at the time. Julia later explained to Cointelegraph that Solana is the most viable chain as it leads the fantasy sports crypto vertical in revenue, daily active addresses, active developers and total value locked. And that, while it is more centralized than Ethereum, the blockchain has prioritized scalability and security. 

“[Solana’s] growing adoption shows that this bet was the right one,” Julia said, noting that it has covered a lot of ground on Ethereum, given it launched five years later.

The migration is expected to be complete by the end of this month.

Source: Sorare
Despite the migration, Sorare’s Julia said they haven’t lost confidence in the Ethereum ecosystem.

“We remain very bullish on it,” Julia said, noting that it would continue supporting Ethereum users through an integration on the Base network and that it would still allow Ether (ETH) deposits.

Sorare, which has amassed 5 million users and was valued at $4.3 billion in October 2021, is one of several blue-chip crypto protocols that have made tough calls to migrate from the chain they launched on to keep growing.

Decentralized exchange aggregator 1inch and crypto indexing protocol The Graph are two other notable crypto applications that have transitioned from Ethereum to Solana in recent years.

Source: Sorare
Sorare is a fantasy sports platform primarily focused on football, but also features basketball and baseball, where users buy, sell, and trade officially licensed digital player cards as non-fungible tokens. They can create teams with these cards and compete in weekly tournaments, earning rewards based on real-world player performance.

Sports tokens have lagged behind this bull cycleOther competitors in the space include Flow, Chiliz and the Dapper Labs-backed NBA Top Shot. The DraftKings Marketplace was also prominent before it shut down in July 2024. 

The market cap for sports crypto tokens currently sits at $1.17 billion, a considerable fall from the 2021-2021 bull cycle, CoinGecko data shows.

Sorare NFTs have also struggled amid the broader NFT market downturn, with their floor price plunging from a peak of $91.25 in early April 2022 to $2.21 as of Oct. 12, DappRadar data shows.

Daily Sorare NFT sales have remained steady, with anywhere between 5,000 and 30,000 sales on most days — a similar level to that seen in 2022. 

Sorare to adopt a multichain approachDespite the migration, Julia said he is considering other high-speed chains that can help it scale Sorare’s sports trading cards as far as possible.

“We’ve considered many options and will continue to keep a close eye on the evolution of high-performance ecosystems like Sui and Aptos, while remaining confident in Solana’s trajectory for now.”It is also integrating Layer0 to operate marketplace payments seamlessly across Solana and Base as part of its plan to become chain-agnostic and leverage the strengths of multiple ecosystems.

Sorare is not concerned with Solana’s network outagesJulia said he isn’t overly concerned about Sorare falling victim to a Solana network outage, noting that over the years, his team has become “well accustomed to working through the inevitable imperfections that come with blockchain infrastructure.”

“We’ve been more than reassured by the quality of Solana’s technology, the team behind it, and the network’s recent track record of stability,” Julia said.

He noted the network outages have become less frequent over time and are addressed swiftly, showing the Solana ecosystem’s ability to improve at “remarkable speed.”

Magazine: Gaming giants in talks with Immutable to launch token: Web3 Gamer
2025-10-15 03:28 4mo ago
2025-10-14 21:46 4mo ago
WPP Shareholder Alert By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against WPP plc - WPP stocknewsapi
WPP
NEW YORK and NEW ORLEANS, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until December 8, 2025 to file lead plaintiff applications in a securities class action lawsuit against WPP plc (NYSE: WPP), if they purchased or otherwise acquired the Company’s shares between February 27, 2025 and July 8, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.

What You May Do

If you purchased shares of WPP and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-wpp/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by December 8, 2025.

About the Lawsuit

WPP and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On July 9, 2025, the Company published a trading update for the first half of 2025, disclosing that it had allegedly “seen a deterioration in performance as Q2 has progressed” due to both “continued macro uncertainty weighing on client spend and weaker net new business than originally anticipated,” as well as “some distraction to the business” as a result of the continued restructuring of WPP Media a.k.a. GroupM. The Company further disclosed that its CEO “will retire from the Board and as CEO on 31 December 2025.”

On this news, the price of WPP’s shares fell from a closing price of $35.82 per share on July 8, 2025 to $29.34 per share on July 9, 2025, a decline of about 18.1% in the span of just a single day.

The case is Marty v. WPP plc, 25-cv-08365.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

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2025-10-15 03:28 4mo ago
2025-10-14 21:52 4mo ago
Think It's Too Late to Buy Broadcom Stock? Here's Why the Stock Could Still Run Higher. stocknewsapi
AVGO
Investors have a lot to look forward to.

Broadcom (AVGO -3.52%) is playing a key role in supplying data centers with custom chips and networking products. Strong revenue and free-cash-flow growth have pushed the stock to new highs this year, with shares up 54% year to date through market close Oct. 13.

The stock is up more than 500% since the end of 2022, when the artificial intelligence (AI) boom started. However, there are important reasons why the stock will likely climb higher in 2026 and beyond.

Image source: Getty Images.

Broadcom is printing cash
Broadcom has a long history of delivering profitable growth, which has led to market-beating returns. Its free-cash-flow growth has accelerated over the last year. Free cash flow through the first three quarters of fiscal 2025 was 40% larger than the year-ago period. This shows Broadcom's margins expanding from higher sales of custom AI accelerators and strong growth from its software business.

Its order backlog hit a record $110 billion, which is significantly higher than its trailing-12-month revenue of $60 billion. Spending on AI infrastructure by hyperscalers is expected to reach $350 billion this year, meaning more money could be headed Broadcom's way. Data center spending is expected to grow into the trillions by the end of the decade.

Broadcom's cash-rich business should fuel investment in more innovation that rewards shareholders. This is a quality semiconductor stock to profit off of the AI boom.

John Ballard has no position in any of the stocks mentioned. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.
2025-10-15 03:28 4mo ago
2025-10-14 21:54 4mo ago
Dow Shareholder Alert By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Dow Inc. - DOW stocknewsapi
DOW
NEW YORK and NEW ORLEANS, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 28, 2025 to file lead plaintiff applications in a securities class action lawsuit against Dow Inc. (NYSE: DOW), if they purchased the Company’s securities between January 30, 2025 and July 23, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of Michigan.

What You May Do

If you purchased securities of Dow and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-dow/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 28, 2025.

About the Lawsuit

Dow and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On July 24, 2025, the Company disclosed a 2Q 2025 non-GAAP loss per share of $0.42, much larger than the approximate $0.17 to $0.18 per share loss expected by analysts, and net sales of $10.1 billion, representing a 7.3% year-over-year decline and missing consensus estimates by $130 million, “reflecting declines in all operating segments” due in part to “the lower-for-longer earnings environment that our industry is facing, amplified by recent trade and tariff uncertainties.” Further, the Company disclosed 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, the price of Dow’s shares fell $5.30 per share, or 17.45%, to close at $25.07 per share on July 24, 2025.  

The case is Sarti v. Dow Inc., No. 25-cv-12744.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

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2025-10-15 03:28 4mo ago
2025-10-14 21:58 4mo ago
Conagra Brands: Risk/Reward Has Become More Balanced (Rating Upgrade) stocknewsapi
CAG
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2025-10-15 03:28 4mo ago
2025-10-14 22:00 4mo ago
Singapore Land Transport Authority enhances critical railway infrastructure with Nokia Optical LAN and IP solutions stocknewsapi
NOK
October 14, 2025 22:00 ET

 | Source:

Nokia Oyj

Press Release
Singapore Land Transport Authority enhances critical railway infrastructure with Nokia Optical LAN and IP solutions

Land Transport Authority (LTA) revamps its video transport network to support advanced security and high-resolution video services.Nokia fiber Optical LAN and IP/MPLS solutions used to help LTA upgrade its CCTV system across 50+ train stations located across Singapore.Upgraded LTA video transmission network ensures safety for millions of passengers riding the railways each day. 15 October 2025
Espoo, Finland – Nokia, working in partnership with Hitachi Rail, announced that LTA will deploy its IP/MPLS and fiber Optical LAN solutions as part of an expansive video surveillance upgrade to its critical railway infrastructure. The Nokia solutions will enable LTA to significantly enhance its CCTV network used across Singapore’s heavily utilized railway system serving millions of passengers per day.

   The CCTV cameras play a critical role within the LTA railway system, providing real-time monitoring and video surveillance services that ensure public safety, help spot illegal activities, and manage traffic patterns.   With CCTV cameras placed across more than 50 stations, LTA needed a network infrastructure that could meet its growing capacity demands.

To support its expanding network cameras and growing bandwidth requirements, LTA deployed Nokia’s fiber Optical LAN including hardened ONUs and future-proof OLTs capable of supporting 25Gb/s speeds. Designed as a future-ready solution, Optical LAN requires up to 70% less cabling and 40% less power compared to traditional copper-based LAN networks.   Nokia’s IP/MPLS deployment also enables LTA to more effectively backhaul the network data traveling to its Operations Control Center where live video streams are viewed and stored.

“We are pleased to have selected Nokia to collaborate with Hitachi Rail in enhancing passenger safety & security across Singapore’s railway network, which is a continuation of Hitachi’s long-term relationship with LTA. This project will play a key role in upgrading the transport infrastructure.” said Joaquim Santos, Vice President, Integrated Communication and Supervision Solutions (ICS), Hitachi Rail.

“Fiber is being used to connect everything including video systems that are critical to monitoring transportation hubs around the world. Ensuring you have a real time surveillance system that is highly available, reliable and secure is vital to ensuring the safety of those traveling Singapore’s transit lines every day. Partnering with Hitachi Rail, we were able to deliver a complete solution for LTA that would ensure they had the video capacity needed to serve their expansive CCTV surveillance and broader network operations for years to come,” said Stuart Hendry, Vice President, Enterprise Sales, Network Infrastructure, Asia Pacific, Nokia.

Multimedia, technical information and related news
Product Page: Optical LAN (POL)
Product Page: Lightspan MF fiber access nodes
Product Page: Altiplano Access Controller
Product Page: 7250 Interconnect Routers
Product Page: Network Services Platform

About Nokia
At Nokia, we create technology that helps the world act together. 

As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation. 

With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

About Hitachi Rail
Hitachi Rail is committed to driving the sustainable mobility transition and has a clear focus on partnering with customers to rethink mobility. Its mission is to help every passenger, customer and community enjoy the benefits of more connected, seamless and sustainable transport.

With revenues of over €7bn and 24,000 employees across more than 50 countries, Hitachi Rail is a trusted partner to the world’s best transport organisations. The company's reach is global, but the business is local - with success built on developing local talent and investing in people and communities. 

Its international capabilities and expertise span every part of the urban, mainline and freight rail ecosystems – from high quality manufacturing and maintenance of rolling stock to secure digital signaling, smart operations and payment systems.

Hitachi Rail, famous for Japan's iconic high speed bullet train, draws on the digital and AI expertise of Hitachi Group companies to accelerate innovation and develop new technologies. Hitachi Group is present in 140 countries with over 270,000 employees and global revenues of €54.55bn / ¥8,564 bn.

Media inquiries
Nokia Press Office
Email: [email protected]

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2025-10-15 03:28 4mo ago
2025-10-14 22:00 4mo ago
SMIN: A Favorable Cyclical Tilt Is Offset By Other Risks stocknewsapi
SMIN
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2025-10-15 03:28 4mo ago
2025-10-14 22:03 4mo ago
Zefiro Methane Provides Update on Record First Quarter of Fiscal Year 2026 Financial Results and Strong Corporate Pipeline stocknewsapi
ZEFIF
The Company generated record revenue of approximately $12.0 million USD and positive net income and free cash flow for Q1'26 of the new fiscal year Fort Lauderdale, Florida--(Newsfile Corp. - October 14, 2025) - ZEFIRO METHANE CORP. (Cboe CA: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) (the "Company", "Zefiro", or "ZEFI") is pleased to provide an update on its performance for the first quarter of fiscal year 2026 and overall business progress.
2025-10-15 03:28 4mo ago
2025-10-14 22:04 4mo ago
Exclusive: Foxconn bid for stake in unit of Germany's ZF Group stalls, documents show stocknewsapi
HNHPF
CompaniesOct 15 (Reuters) - Foxconn's

(2317.TW), opens new tab two-year pursuit of a stake in a unit of German auto supplier ZF Group stalled last month due to a substantial mismatch in valuation expectations and a higher-than-estimated debt pile, according to documents seen by Reuters.

The findings from the Taiwanese firm's due diligence were circulated days before ZF Group said in October that it would abandon its plans to spin off its powertrain technology unit, known as Division E.

Sign up here.

The unit produces electric, conventional and hybrid systems for the automobile sector. Foxconn was considering buying a stake in it as part of its expansion in the electric vehicle (EV) business.

Now, ZF Group is in talks with Foxconn and other interested parties about partnerships covering specific products in Division E, according to a person at ZF with direct knowledge of the matter. He could not be named as he is not authorised to speak to the media.

The due diligence findings, the September stalling of the deal and ZF Group's new plans with Foxconn are being reported for the first time.

Foxconn's plans stalled after due diligence estimated Division E's value at 1.5 billion euros ($1.7 billion) to 2.5 billion euros, lower than a previous estimate of 3.5 billion euros, according to a document prepared by JPMorgan for Foxconn as its deal advisor.

The equity value of Division E, more importantly, was found to be negative after due diligence was completed, versus an earlier estimate of 1.3 billion euros, according to the September document titled "Project Verde - Discussion Materials."

A comment written on the margin of the financial findings in the document said: "no deal if equity value is negative."

The due diligence findings and the stalling of the deal are likely to cast a pall over Foxconn's ambition to expand in EVs, which the company believes is a major generator of growth in the future.

Foxconn, the world's largest contract electronics maker, and ZF Group did not respond to requests for comment. JPMorgan declined to comment.

EV EXPANSIONFoxconn and ZF Group had been in discussions about the Taiwanese company buying a stake in Division E by paying 1.3 billion euros if its equity valuation hit 2.6 billion euros, according to a ZF document dated February 19, 2025.

At the time, the two companies had also explored a joint venture structure, according to the ZF document.

Earlier this month, ZF Group

said it would cut, opens new tab around a quarter of Division E's workforce by 2030 under a restructuring deal reached with its works council and labour union IG Metall.

ZF Group has a high debt burden from past acquisitions and Foxconn's due diligence showed that Division E's net debt was nearly 90% higher than expected at 4.177 billion euros, according to the JPMorgan document.

A significant part of the revised debt figure was attributable to 944.7 million euros of additional pension liabilities, the document showed.

Foxconn's pursuit of a stake in the unit came as the global EV industry has grown rapidly in recent years, driven by government incentives, tightening emissions regulations and rising consumer demand for cleaner transportation.

Automakers around the world have invested billions in ramping up EV production, but the sector faces headwinds from supply chain disruptions, fluctuating raw material costs and uneven demand across markets.

Foxconn, formally known as Hon Hai Precision Industry, has faced its own challenges in expanding its EV footprint.

Efforts that have soured include a venture to make electric pick-up trucks in the U.S. In addition, a joint venture with China's Geely to provide contract manufacturing for automakers has not made progress.

Still, Foxconn continues to seek opportunities in the automotive sector, particularly in Japan.

In May, Japanese automaker Mitsubishi Motors

(7211.T), opens new tab and Foxconn subsidiary Foxtron Vehicle Technologies

(2258.TW), opens new tab signed a memorandum of understanding for the supply of an electric-vehicle model. It was expected to be developed by Foxtron, manufactured in Taiwan by Yulon Motor

(2201.TW), opens new tab and launched in Oceania in the second half of 2026.

In July, Foxconn said it struck a deal to sell a former car factory in Lordstown, Ohio, that it purchased in 2022 to manufacture EVs.

And in August, Mitsubishi Fuso Truck and Bus Corporation and Foxconn also signed a memorandum of understanding to collaborate on zero-emission buses.

Last year, Foxconn acquired 50% of the shares in ZF Chassis Modules, a maker of chassis systems for passenger cars, according to a news release posted on ZF Group's website. The 1 billion euro deal "opens up new perspectives in the automotive sector," it said.

($1 = 0.8535 euros)

Reporting by Ilona Wissenbach in Frankfurt and Engen Tham; Additional reporting by Wen-Yee Lee in Taipei; Editing by Sumeet Chatterjee and Thomas Derpinghaus

Our Standards: The Thomson Reuters Trust Principles., opens new tab
2025-10-15 03:28 4mo ago
2025-10-14 22:08 4mo ago
KBR Shareholder Alert By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against KBR, Inc. - KBR stocknewsapi
KBR
NEW YORK CITY and NEW ORLEANS, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 18, 2025 to file lead plaintiff applications in a securities class action lawsuit against KBR, Inc. (NYSE: KBR), if they purchased or otherwise acquired the Company’s securities between May 6, 2025 and June 19, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of Texas.

What You May Do

If you purchased securities of KBR and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-kbr/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by November 18, 2025.

About the Lawsuit

KBR and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On June 19, 2025, HomeSafe Alliance (“HomeSafe”), a KBR joint venture in which KBR has a 72% economic interest, disclosed that it received “a notice from the U.S. Department of Defense's Transportation Command (TRANSCOM) terminating the Global Household Goods Contract, which HomeSafe won in 2021 to transform the military move system for the benefit of service members and their families.”

On this news, the price of KBR’s shares fell $3.85 per share, or 7.29%, to close at $48.93 on June 20, 2025. On June 23, 2025, the next trading day, KBR stock fell a further $1.30, or 2.65%, to close at $47.63 on June 23, 2025.

The case is Norrman v. KBR, Inc., et al., No. 25-cv-04464.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn
2025-10-15 03:28 4mo ago
2025-10-14 22:16 4mo ago
Nutex Health (NUTX) Faces Investor Lawsuit Over Alleged Revenue Inflation Scheme-- Hagens Berman stocknewsapi
NUTX
, /PRNewswire/ -- Nutex Health Inc. (NASDAQ: NUTX), a publicly traded operator of micro-hospitals and healthcare facilities, is under legal scrutiny following a class-action lawsuit that accuses the company of orchestrating a deceptive billing strategy to artificially boost its financial results. The litigation, filed in a Texas federal court, alleges that Nutex collaborated with third-party billing firm HaloMD to submit ineligible insurance claims, misleading shareholders and triggering substantial losses.

Hagens Berman urges Nutex investors who suffered substantial losses to submit your losses now.

Class Period: Aug. 8, 2024 – Aug. 14, 2025
Lead Plaintiff Deadline: Oct. 21, 2025
Visit:www.hbsslaw.com/investor-fraud/nutx
Contact the Firm Now: [email protected]
                                       844-916-0895

Alleged Scheme Involving Arbitration Windfalls

According to the complaint, Nutex and HaloMD engaged in a systematic effort to exploit the insurance arbitration process. The suit claims the companies submitted thousands of questionable claims, falsely certifying their validity to extract outsized reimbursements. These arbitration-driven revenues, the plaintiffs argue, were central to Nutex's reported financial performance but lacked long-term viability.

The complaint contends that Nutex's revenue model was built on unstable foundations, and that investors were misled by financial statements that failed to reflect the true nature of the company's operations.

Short-Seller Report Sparks Market Fallout

The allegations gained traction after activist short-seller Blue Orca Capital published a report on July 22, 2025, accusing HaloMD of orchestrating a "fraudulent scheme" to siphon millions from insurers. The report cited lawsuits filed by Anthem and Blue Cross Blue Shield affiliates, which claimed HaloMD overwhelmed the arbitration system with invalid claims.

Blue Orca warned that Nutex's reliance on arbitration reimbursements posed a significant risk, suggesting the company's stock could collapse to penny-stock levels. Following the report's release, Nutex shares dropped over 10%, reflecting investor unease.

Financial Controls Under Fire

Beyond the billing allegations, the lawsuit asserts that Nutex misrepresented its progress in addressing internal control deficiencies. Specifically, the company is accused of misclassifying stock-based compensation obligations—treating them as equity rather than liabilities—thereby distorting its financial position.

On July 24, Nutex issued a statement rejecting Blue Orca's claims and promised further clarification in its quarterly filing. However, on August 14, the company announced a delay in submitting its Form 10-Q, citing "non-cash accounting adjustments." The market reacted swiftly: Nutex shares plunged 16.39% the following day, closing at $92.91.

Restatement and Audit Committee Findings

The situation escalated on Aug. 21, when Nutex disclosed in a Form 8-K that its Audit Committee had determined certain prior financial statements required restatement. The committee found that obligations tied to hospital development had been incorrectly classified, necessitating revisions.

While Nutex offered a broad overview of its arbitration practices, the lawsuit claims the company failed to directly address the core accusations raised by Blue Orca. Nutex emphasized that it was not named in the lawsuits against HaloMD, but critics argue this sidesteps the substance of the concerns.

Legal Action and Investor Relief

The class-action suit seeks to recover damages for investors who acquired Nutex securities during the alleged misrepresentation period. Plaintiffs argue that the company's public disclosures were materially misleading, and that the eventual revelation of its true financial condition caused significant investor harm.

Hagens Berman Launches Probe

Law firm Hagens Berman Sobol Shapiro LLP is investigating the claims. Reed Kathrein, a partner at the firm, stated: "We're examining whether Nutex's business model was predicated on questionable arbitration tactics and whether its financial reporting practices misled investors." 

If you invested in Nutex and have substantial losses, or have knowledge that may assist the firm's investigation, submit your losses now »

If you'd like more information and answers to frequently asked questions about the Nutex case and our investigation, read more »

Whistleblowers: Persons with non-public information regarding Nutex should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. 

SOURCE Hagens Berman Sobol Shapiro LLP

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2025-10-15 03:28 4mo ago
2025-10-14 22:19 4mo ago
Global Helium Corp. Waives Proxy Voting Cut-Off Time for Upcoming Meeting of Shareholders and Extends Election Deadline for Plan of Arrangement stocknewsapi
HECOF
CALGARY, Alberta, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Global Helium Corp. (“Global” or the “Company”) (CSE: HECO) and 2679158 Alberta Ltd. (the “Purchaser”) announce that, further to the press releases dated September 25, 2025 and October 3, 2025, the Company confirms that due to the recent strike commenced by the Canadian Union of Postal Workers on September 25, 2025 (the “Strike”), which has seen the resumption of limited services on October 11, 2025 by Canada Post, the Company has waived the originally disclosed proxy voting cut-off time, which was forty-eight (48) hours before the Meeting (defined below), for shareholders (“Shareholders”) of the Company who wish to vote at the Company’s upcoming annual and special meeting of Shareholders to be held in person at 1250, 639 – 5th Avenue SW, Calgary, Alberta, on October 16, 2025 at 11:00 a.m. (Calgary time) (the “Meeting”). The new proxy voting cut-off time will be October 16, 2025 at 9:00 a.m. (Calgary time) and the Company will accept proxy votes up to such time.

The Company also announces that due to the Strike, Eligible Electing Holders (defined below) who wish to receive Purchaser Shares (defined below) have until 12:00 p.m. (Calgary time) on October 20, 2025, or such other later time as the board of directors may determine, to complete an applicable letter of transmittal (“Letter of Transmittal”) and deliver the same via courier or in person to the Company’s transfer agent, Odyssey Trust Company at Trader’s Bank Building 702 – 67 Yonge Street, Toronto Ontario M5E 1J8 Attention: Corporate Actions. Election and delivery instructions to receive Purchaser Shares can be found in the Letter of Transmittal and the Letter of Transmittal is available on the Company’s SEDAR+ profile on www.sedarplus.ca and has been posted to the Company’s website at www.globalhelium.com/investors/.

At the Meeting, among other things, Shareholders will be asked to consider and, if deemed advisable, to pass a special resolution (the “Arrangement Resolution”) approving the proposed plan of arrangement whereby the Purchaser will acquire all of the issued and outstanding securities of the Company by way of a statutory plan of arrangement (“Arrangement”) under the provisions of the Business Corporations Act (Alberta) (the “Proposed Transaction”).

Pursuant to the Arrangement Agreement dated July 15, 2025 between the Company and the Purchaser in respect of the Proposed Transaction (the “Arrangement Agreement”), the Purchaser will acquire all of the issued and outstanding common shares (“Common Shares”) from their holders (“Common Shareholders”), excluding Common Shares held by holders that have duly exercised dissent rights under the Arrangement, for cash consideration of $0.05 per Common Share, provided that any registered Common Shareholder that holds over 250,000 Common Shares (“Share Electing Shareholders”) has the option to elect to receive, pursuant to the Arrangement, one (1) common share in the capital of the Purchaser (“Purchaser Shares”) in exchange for each Common Share held, provided further that, notwithstanding the foregoing, no fractional Purchaser Shares will be issued and, in the event that a Share Electing Shareholder would otherwise be entitled to a fractional Purchaser Share under the Arrangement, the number of Purchaser Shares issued to such Common Shareholder will be rounded down to the next lesser whole number of Purchaser Shares (with no compensation in lieu of such fractional share).

The Purchaser will also acquire all of the issued and outstanding preferred shares (“Preferred Shares”) in the capital of the Company from the holders thereof (the “Preferred Shareholders”) excluding Preferred Shares held by holders that have duly exercised their dissent rights available under the Arrangement, for cash consideration of $0.05 per Preferred Share plus the amount equal to the accrued and unpaid dividend amount per Preferred Share as of the business day prior to the effective date of the Arrangement, provided that any holder of Preferred Shares that, if it becomes a Share Electing Preferred Shareholder, as defined below, would own more than 250,000 Purchaser Shares immediately following closing has the option to elect to receive, pursuant to the Arrangement Purchaser Shares equal to one (1) Purchaser Share per Preferred Share plus such number of Purchaser Shares equal to the accrued and unpaid dividend on such Preferred Share divided by $0.05 (any such eligible Preferred Shareholders making such election, the “Share Electing Preferred Shareholders” and together with Share Electing Shareholder, the “Electing Holders” ) further provided that, notwithstanding the foregoing, no fractional Purchaser Shares will be issued and, in the event that any a Share Electing Preferred Shareholder would otherwise be entitled to a fractional Purchaser Share under the Arrangement, the number of Purchaser Shares issued to such Preferred Shareholder will be rounded down to the next lesser whole number of Purchaser Shares (with no compensation in lieu of such fractional share).

Eligible Shareholders should refer to the Management Information Circular (“Circular” ) for the Meeting for further information on how to validly elect to be an Electing Holder to receive Purchaser Shares under the Arrangement.

The Circular and related materials for the Meeting have also been filed on the Company’s profile on SEDAR+ at www.sedarplus.ca and have been posted to the Company’s website at www.globalhelium.com/investors/.

In order to facilitate the delivery of the Circular and related materials for the Meeting to non-registered Shareholders in the event that the Strike, lockout or similar or related events prevent, delay or otherwise interrupt delivery of the Circular and related materials for the Meeting to non-registered Shareholders in the ordinary course by the applicable intermediaries, the Company will deliver, by email, a copy of the Circular and related materials for the Meeting to each non-registered Shareholder who requests the same (please direct any requests for copies of the Circular and related materials for the Meeting to: [email protected]). Note that non-registered Shareholders are also encouraged to contact the proxy department at their broker or other intermediary (where their Shares are held) who can assist them with the voting process. Non-registered Shareholders must follow the voting instructions provided by their broker or other intermediary and will need their specific 16-digit control number to vote via www.proxyvote.com.

If you are a registered shareholder, please contact the Company at [email protected] to obtain your proxy form so you can cast your vote for the upcoming Meeting.

If you hold Shares through an intermediary such as a brokerage firm, please contact your intermediary directly for a copy of the proxy form and instructions for voting.

Further information may be obtained by contacting:

Tom Cross, Chief Financial Officer
Global Helium Corp.
Email: [email protected]
Phone: 403-975-7742

About Global Helium Corp.

Global is an early stage helium development company focused on the exploration, acquisition, development, and production of helium. Global has carved out a differentiated position through a unique farm-in agreement with industry veteran, Rubellite Energy Inc., through which the Company can access approximately 369,000 acres in Alberta’s Manyberries helium trend via joint venture. Global brings a seasoned team of industry professionals and technical experts who have established connections with North American and international helium buyers. Learn more at https://globalhelium.com/ 

For additional information, see the Company’s filings on SEDAR+ at www.sedarplus.ca.

Cautionary Notes

This press release contains certain forward-looking statements and forward-looking information, as defined under applicable Canadian securities laws (collectively, “forward-looking statements”). In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as “will”, “intend”, “anticipate”, “could”, “should”, “may”, “might”, “expect”, “estimate”, “forecast”, “plan”, “potential”, “project”, “assume”, “contemplate”, “believe”, “shall”, “scheduled”, and similar terms and, within this press release, include, without limitation, any statements (express or implied) respecting: the government postal strike and limited resumption of services, proxy delivery and voting cut off times and election deadlines for Eligible Shareholders, the delivery of the Circular, the holding of the Meeting; the anticipated timing, steps and completion of the Arrangement; approval of the Arrangement by the Shareholders at the Meeting; approval of the Canadian Securities Exchange; the satisfaction of the conditions precedent to the Arrangement; and timing, receipt and anticipated effects of Shareholder and other approvals of the Arrangement. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements.

Forward-looking statements are not historical facts, nor guarantees or assurances of future performance, but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, including, without limitation that: the Arrangement will be completed on the terms currently contemplated or at all; the Arrangement will be completed in accordance with the timing currently expected; all conditions to the completion of the Arrangement will be satisfied or waived; and the Arrangement Agreement will not be terminated prior to the completion of the Arrangement.

Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to: the possibility that the proposed Arrangement will not be completed on the terms and conditions currently contemplated or at all; and other risk factors identified under “Risk Factors” in the Company’s periodic filings that the Company has made and may make in the future with the securities commissions or similar regulatory authorities in Canada, all of which are available under the Company’s SEDAR+ profile at www.sedarplus.ca. These factors are not intended to represent a complete list of the factors that could affect the Company. However, such risk factors should be considered carefully.

Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this press release and, except as expressly required by applicable law, Global disclaims any intention and undertakes no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable Canadian securities laws. All of the forward-looking statements contained in this release are expressly qualified by the foregoing cautionary statements.

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Service Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
2025-10-15 03:28 4mo ago
2025-10-14 22:23 4mo ago
Argent Capital Managment Dumps $60 Million Worth of Copart (NASDAQ: CPRT) Shares: Is the Stock a Sell? stocknewsapi
CPRT
Argent Capital Management LLC pared its holding in Copart (CPRT 1.59%) by 1,262,984 shares during Q3 2025, an estimated $59.52 million trade based on the average price for the quarter, according to an SEC filing dated October 14, 2025.

What happenedAccording to its Form 13-F filed with the Securities and Exchange Commission on October 14, 2025 (see filing), the firm reduced its Copart position by 1,262,984 shares during Q3 2025.

The estimated value of the shares sold, calculated using the period's average closing price, was $59.52 million. The fund reported a remaining position of 162,339 shares at quarter-end.

What else to knowThis was a reduction in the Copart stake, which now represents 0.2% of the firm's 13F reportable assets under management as of Q3 2025.

Argent's top holdings after the filing:

Microsoft: $251.95 million (6.9% of AUM as of 2025-09-30)Nvidia: $237.98 million (6.5% of AUM as of 2025-09-30)Amazon: $213.08 million (5.8% of AUM as of 2025-09-30)Alphabet: $194.75 million (5.3% of AUM as of 2025-09-30)Mastercard: $126.28 million (3.5% of AUM as of 2025-09-30)As of October 13, 2025, Copart shares were priced at $44.07, down 20% over the one-year period ending October 13, 2025, underperforming the S&P 500 by 36 percentage points over the same time.

Company OverviewMetricValueMarket Capitalization$43.41 billionRevenue (TTM)$4.65 billionNet Income (TTM)$1.55 billionPrice (as of market close 2025-10-13)$44.07Company SnapshotCopart provides online auctions and vehicle remarketing services, including virtual bidding, salvage estimation, and end-of-life vehicle processing across North America, Europe, and select international markets.

It operates a digital marketplace facilitating the sale and purchase of vehicles, generating revenue through transaction fees, service charges, and value-added offerings such as vehicle transportation and title processing.

The company serves insurance companies, banks, fleet operators, dealerships, vehicle dismantlers, exporters, and individual buyers seeking to acquire or dispose of vehicles efficiently.

Copart, Inc. provides online auctions and vehicle remarketing services internationally, leveraging advanced virtual auction technology to connect sellers and buyers of vehicles across multiple continents. With a scalable digital platform and a comprehensive suite of remarketing and logistics services, Copart enables efficient disposition of vehicles for institutional and individual clients alike.

Foolish takeWhile Argent Capital Management still holds a few shares of Copart, the firm all but sold out of its position, reducing its portfolio allocation in the stock from 2% to 0.2%.

Since the stock seemed to be a longer-term holding for Argent, this seems mildly worrisome to Copart shareholders -- myself included.

Though it's impossible to know what exactly prompted the firm to nearly liquidate its holdings in the company, Copart's results have been underwhelming this year, causing its slightly expensive stock to slide 30% from its high.

After growing sales by 15% annually over the last decade, Copart's revenue growth slid to 13%, 7%, and finally 5% over the previous three quarters.

Ultimately, I'll have to disagree with Argent on Copart as I believe the company has a wide moat around its operations that will make it hard to disrupt.

That said, Copart still trades at 28 times earnings, even after this year's drop, so Argent may have simply thought it had grown beyond its valuation as a more mature company.

Glossary13F reportable AUM: Assets under management that must be disclosed by institutional investment managers in quarterly SEC Form 13F filings.
Form 13-F: A quarterly SEC filing by institutional investment managers listing their U.S. equity holdings.
Quarter (Q3 2025): The third three-month period of a company's fiscal year, here referring to July–September 2025.
Transaction value: The total dollar amount generated by a specific buy or sell trade.
Stake: The ownership interest or investment a fund or individual holds in a particular company.
Assets under management (AUM): The total market value of investments managed on behalf of clients by a fund or firm.
Digital marketplace: An online platform where buyers and sellers conduct transactions for goods or services, such as vehicles.
Vehicle remarketing: The process of reselling used or end-of-lease vehicles, often through auctions or specialized platforms.
Salvage estimation: The process of assessing the value of damaged or end-of-life vehicles for resale or parts.
End-of-life vehicle processing: Handling and disposing of vehicles that are no longer operational, often for recycling or parts.
Value-added offerings: Additional services provided beyond basic transactions, such as transportation or title processing, to enhance customer value.
TTM: The 12-month period ending with the most recent quarterly report.

Josh Kohn-Lindquist has positions in Alphabet, Copart, Mastercard, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Copart, Mastercard, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
2025-10-15 03:28 4mo ago
2025-10-14 22:36 4mo ago
29Metals Limited (TWNMF) Q3 2025 Earnings Call Transcript stocknewsapi
TWNMF
29Metals Limited (OTCPK:TWNMF) Q3 2025 Earnings Call October 14, 2025 7:00 PM EDT

Company Participants

James Palmer - Chief Executive Officer
Ed Cooney - Chief Operating Officer
Peter Herbert - Chief Financial Officer

Conference Call Participants

Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division
Adam Baker - Macquarie Research
Jonathon Sharp - CLSA Limited, Research Division
Timothy Hoff - Canaccord Genuity Corp., Research Division
Paul Wiggers de Vries - RBC Capital Markets, Research Division

Presentation

Operator

Thank you for standing by, and welcome to the 29Metals Limited September Quarter 2025 Conference Call. [Operator Instructions]

I would now like to hand the conference over to Mr. James Palmer, CEO. Please go ahead.

James Palmer
Chief Executive Officer

Good morning, all. James Palmer here, and thanks for joining this 29Metals update for the September quarter 202. Today, we'll be speaking to the presentation released this morning alongside our September quarterly report. Joining me are Ed Cooney, our Chief Operating Officer; Peter Herbert, our Chief Financial Officer; and Kristian Stella, our Group Executive Corporate Development.

Today, we'll provide some details on our plans for the rest of the year at Golden Grove given recent events and talk through the ongoing progress being made by the team at Capricorn Copper.

So Slide 4 lays out our key priorities. They remain the same as when I spoke to you 3 months ago: health and safety first, always; mid-single-digit TRIF, and an LTIF for 0, reflecting zero lost time injuries for the 12 months to the end of September quarter. Massive credit for the teams across the business, living our most important company value, safety, particularly when faced with adversity. Safety first, always, even when it's hard, in fact, especially when it's hard. And across the group, discipline in productivity and cost improvements, which remains the focus.

At Golden

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2025-10-15 03:28 4mo ago
2025-10-14 22:36 4mo ago
BCE Inc. (BCE:CA) Analyst/Investor Day Transcript stocknewsapi
BCE
, , , , , , , , , , , , , , , , , , , , , , , , , , , ,

BCE Inc. (TSX:BCE:CA) Analyst/Investor Day October 14, 2025 8:30 AM EDT

Company Participants

Krishna Somers - Senior Vice President of Investor Relations
Mirko Bibic - CEO, President & Director
Blaik Kirby - Group President of Consumer, Small & Medium Business (SMB)
Hadeer Hassaan - Executive VP and Chief Information & Customer Experience Officer
Natalie Cattanach
Harold Zeitz
John Watson - Group President of Business Markets, Customer Experience, AI & Ateko
Sean Cohan
Sean Cohan - President of Bell Media
Curtis Millen - Executive VP & CFO
Karen Sheriff

Conference Call Participants

Vince Valentini - TD Cowen, Research Division
Drew McReynolds - RBC Capital Markets, Research Division
Jerome Dubreuil - Desjardins Securities Inc., Research Division
Maher Yaghi - Scotiabank Global Banking and Markets, Research Division
Brian Pilsner
Sebastiano Petti - JPMorgan Chase & Co, Research Division
Stephanie Price - CIBC Capital Markets, Research Division
Matthew Griffiths - BofA Securities, Research Division
Tim Casey - BMO Capital Markets Equity Research
David McFadgen - Cormark Securities Inc., Research Division
Bentley Cross

Presentation

Operator

Please welcome Curtis Millen, EVP and CFO. Please welcome Curtis Millen.

Krishna Somers
Senior Vice President of Investor Relations

So they call war-time promotion. Good morning, everyone, and welcome to BCE's 2025 Investor Day. My name is Krishna Somers, Head of Investor Relations, and it's my pleasure to host you today.

To those of you here in Toronto, thank you for joining us in-person. And to those of you joining online, a warm welcome to you as well. Now before we get started, I do wish to acknowledge that we are joining you today from Toronto, the traditional territory of many nations, including the Mississaugas of the Credit, the Anishnabeg, the Chippewa, the Haudenosaunee, and the Wendatthe Peoples.

We also acknowledge that Toronto is covered by Treaty 13 Mississaugas of the Credit. Today, this land remains home to many diverse First Nations, Inuit and Métis people.

So thank

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

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2025-10-15 03:28 4mo ago
2025-10-14 22:43 4mo ago
EyePoint Announces Pricing of Public Offering stocknewsapi
EYPT
October 14, 2025 22:43 ET

 | Source:

EyePoint Pharmaceuticals, Inc.

WATERTOWN, Mass., Oct. 14, 2025 (GLOBE NEWSWIRE) -- EyePoint Pharmaceuticals, Inc. (NASDAQ: EYPT), a company committed to developing and commercializing innovative therapeutics to improve the lives of patients with serious retinal diseases, today announced the pricing of an underwritten public offering of 11,000,000 shares of its common stock at a public offering price of $12.00 per share and, to certain investors in lieu of common stock, pre-funded warrants to purchase up to an aggregate of 1,500,000 shares of its common stock at a price to the public of $11.999 per each pre-funded warrant, which represents the per share public offering price for the common stock less the $0.001 per share exercise price for each such pre-funded warrant. The aggregate gross proceeds from this offering are expected to be approximately $150 million, before deducting underwriting discounts and commissions and other offering expenses payable by EyePoint. All of the shares of common stock and pre-funded warrants are being sold by EyePoint. The closing of the offering is expected to occur on or about October 16, 2025, subject to the satisfaction of customary closing conditions. In addition, EyePoint has granted the underwriters an option for a period of 30 days to purchase up to an additional 1,875,000 shares of EyePoint’s common stock at the public offering price, less underwriting discounts and commissions.

J.P. Morgan, Jefferies, Citigroup, and Guggenheim Securities are acting as joint book running managers for the offering.

EyePoint intends to use the net proceeds that it will receive from the offering to advance clinical development of DURAVYU™ for wet age related macular degeneration (wet AMD) and diabetic macular edema (DME), as well as support its earlier stage pipeline development initiatives, and for general corporate purposes.

The securities described above are being offered by the Company pursuant to an automatically effective shelf registration statement on Form S-3ASR (No. 333-290867) previously filed with the Securities and Exchange Commission (SEC) on October 14, 2025.

The securities are being offered by means of a prospectus supplement and accompanying prospectus relating to the offering that form a part of the registration statement. A preliminary prospectus supplement relating to the offering was filed with the SEC on October 14, 2025 and is available on the SEC’s website at www.sec.gov. The final prospectus supplement relating to and describing the terms of the offering will be filed with the SEC and also will be available on the SEC’s website at www.sec.gov. Before investing in the offering, you should read each of the prospectus supplement and the accompanying prospectus relating to the offering in their entirety as well as the other documents that EyePoint has filed with the SEC that are incorporated by reference in the prospectus supplement and the accompanying prospectus relating to the offering, which provide more information about EyePoint and the offering. Copies of the final prospectus supplement, when available, and accompanying prospectus relating to the offering may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204, or by email at [email protected]; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, or by telephone at (877) 821-7388, or by email at [email protected]; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (800) 831-9146; and Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330 Madison Avenue, 8th Floor, New York, NY 10017, by telephone at (212) 518-9544, or by email at [email protected].

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

About EyePoint

EyePoint Pharmaceuticals, Inc. (Nasdaq: EYPT) is a clinical-stage biopharmaceutical company committed to developing and commercializing innovative therapeutics to improve the lives of patients with serious retinal diseases. The Company’s lead product candidate, DURAVYU™, is an innovative investigational sustained delivery treatment for VEGF-mediated retinal diseases combining vorolanib, a selective and patent-protected tyrosine kinase inhibitor (TKI), in next-generation bioerodible Durasert E™ technology. Supported by robust safety and efficacy data to date, DURAVYU is currently being evaluated in two Phase 3 pivotal trials for wet age-related macular degeneration (wet AMD) with data anticipated in mid-2026. Pivotal Phase 3 clinical trials in diabetic macular edema (DME) are expected to initiate in the first quarter of 2026.

The Company is committed to partnering with the retina community to improve patient lives while creating long-term value, with four approved drugs over three decades and tens of thousands of eyes treated with EyePoint innovation.

EyePoint is headquartered in Watertown, Massachusetts, with a commercial manufacturing facility in Northbridge, Massachusetts.

Vorolanib is licensed to EyePoint exclusively by Equinox Sciences, a Betta Pharmaceuticals affiliate, for the localized treatment of all ophthalmic diseases outside of China, Macao, Hong Kong and Taiwan.

DURAVYU™ has been conditionally accepted by the FDA as the proprietary name for EYP-1901. DURAVYU is an investigational product; it has not been approved by the FDA. FDA approval and the timeline for potential approval is uncertain.

SAFE HARBOR STATEMENTS UNDER THE PRIVATE SECURITIES LITIGATION ACT OF 1995: To the extent any statements made in this press release deal with information that is not historical, these are forward-looking statements under the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements regarding the timing of the closing of the offering, as well as the anticipated use of proceeds for the offering, EyePoint’s clinical development plans and the expected timing thereof; and other statements identified by words such as “will,” “potential,” “could,” “can,” “believe,” “intends,” “continue,” “plans,” “expects,” “anticipates,” “estimates,” “may,” other words of similar meaning or the use of future dates. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Uncertainties and risks may cause EyePoint’s actual results to be materially different than those expressed in or implied by EyePoint’s forward-looking statements. For EyePoint, this includes satisfaction of the customary closing conditions of the offering; delays in obtaining required stock exchange or other regulatory approvals; stock price volatility and uncertainties relating to the financial markets, the medical community and the global economy; the timing, progress and results of the company’s clinical development activities; uncertainties and delays relating to the design, enrollment, completion, and results of clinical trials; unanticipated costs and expenses; the company’s cash and cash equivalents may not be sufficient to support its operating plan for as long as anticipated; the risk that results of clinical trials may not be predictive of future results, and interim and preliminary data are subject to further analysis and may change as more data becomes available; unexpected safety or efficacy data observed during clinical trials; uncertainties related to the regulatory authorization or approval process, and available development and regulatory pathways for approval of the company’s product candidates; changes in the regulatory environment; changes in expected or existing competition; the success of current and future license agreements; our dependence on contract research organizations, and other outside vendors and service providers; product liability; the impact of general business and economic conditions; protection of our intellectual property and avoiding intellectual property infringement; retention of key personnel; delays, interruptions or failures in the manufacture and supply of our product candidates; the availability of and the need for additional financing; the company’s ability to obtain additional funding to support its clinical development programs; uncertainties regarding the timing and results of the August 2022 subpoena from the U.S. Attorney’s Office for the District of Massachusetts and the company’s ongoing discussions with the Department of Justice regarding a negotiated settlement of such matter; uncertainties regarding the FDA warning letter pertaining to the company’s Watertown, MA manufacturing facility; and other factors described in our filings with the Securities and Exchange Commission. More detailed information on these and additional factors that could affect EyePoint’s actual results are described in EyePoint’s filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as revised or supplemented by its Quarterly Reports on Form 10-Q and other documents filed with the SEC. All forward-looking statements in this news release speak only as of the date of this news release. EyePoint undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Investors:
Tanner Kaufman / Jenni Lu
FTI Consulting
Direct: 203-722-8743 / 667-321-6018
[email protected] / [email protected]

Media Contact
Amy Phillips
Green Room Communications
Direct: 412-327-9499
[email protected]
2025-10-15 03:28 4mo ago
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Oddity Tech: Repeatable Scalable Model With Data Advantage stocknewsapi
ODD
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2025-10-15 03:28 4mo ago
2025-10-14 22:56 4mo ago
Origin Energy Limited (OGFGY) Shareholder/Analyst Call Transcript stocknewsapi
OGFGF OGFGY
Origin Energy Limited (OTCPK:OGFGY) Shareholder/Analyst Call October 14, 2025 7:00 PM EDT

Company Participants

Scott Perkins
Frank Calabria - MD, CEO & Executive Director
Fiona Hick
Stephen John Mikkelsen
Greg R. Lalicker
Nora Lia Scheinkestel

Conversation

Scott Perkins

Good morning, ladies and gentlemen. I would like to extend a warm welcome to our shareholders here in Sydney, those joining us online and to all my Origin colleagues. My name is Scott Perkins, and I'm the Chair of Origin Energy Limited. It's my privilege to chair Origin's 26th Annual General Meeting.

Before I formally declare the meeting open, I would like to acknowledge the Gadigal people of the Eora Nation, the traditional owners of the land and pay my respects to their elders, past and present. I would also like to pay my respects to the traditional custodians of those various lands from which many are watching the webcast.

I would like to provide you with some important information to start with about safety procedures that we all need to know and follow in the event of an unlikely event of an emergency. You will note the emergency exits in the ballroom. Should there be an emergency situation, await directions from the hotel staff. If you hear the evacuation tone, you should move to the nearest exit. For any medical matters, please contact any of the staff members available. Security will then be notified and provide first aid assistance. Thank you.

As it's now 10:00 a.m. and as there is a quorum of shareholders present, I formally declare the meeting open. I'm pleased to welcome all shareholders and visitors here today. In addition to those present, the holders of approximately 1.23 billion shares or approximately 71.61% of the issued capital are here represented by proxy. I will take the notice of meeting as read. The minutes of the 2024 AGM have been signed

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

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2025-10-15 03:28 4mo ago
2025-10-14 22:58 4mo ago
Pfizer CEO says US pharma industry needs to collaborate with China stocknewsapi
PFE
Pfizer CEO Albert Bourla speaks on the day U.S. President Donald Trump announces a deal with Pfizer to sell drugs at lower prices, in the Oval office of the White House in Washington, D.C., U.S., September 30, 2025. REUTERS/Ken Cedeno Purchase Licensing Rights, opens new tab

NEW YORK, Oct 14 (Reuters) - Pfizer Chief Executive Albert Bourla said on Tuesday that the U.S. pharmaceutical industry needs to collaborate with China’s, where speedy processes have vaulted it to 30% of global drug development over the past decade.

"In biopharma, China's dramatic speed, cost and scale have triggered a shift in the global competitive landscape," Bourla said, speaking at the National Committee on U.S.-China Relations Gala in New York.

Sign up here.

He said the country currently has around 1,200 novel drug candidates, compared with 10 years ago when there was about 60.

The remarks come as U.S. President Donald Trump has targeted top economic rival China with a cascade of tariff orders on billions of dollars of imported goods that he says is aimed at narrowing a wide trade deficit, bringing back lost manufacturing and crippling the fentanyl trade.

The U.S. House of Representatives also passed a bill last year that aimed to restrict U.S. business with Chinese pharmaceutical companies. The measure ultimately did not pass the Senate, but a new version of the bill was reintroduced earlier this year.

Nonetheless, U.S. and European drug companies have also looked to China to replenish their drug pipelines, despite the trade war between Beijing and Washington.

Earlier this year, Pfizer struck a deal to license an experimental cancer treatment from China's 3SBio Inc

(1530.HK), opens new tab paying $1.25 billion upfront and up to another $4.8 billion if developmental milestones are met.

"Chinese biotech firms accounted for nearly 1/3 of all large pharma drug licensing deals last year, a major shift in where innovation is sourced," Bourla said.

He added that Chinese biopharmaceutical companies are able to recruit patients for clinical trials 2 to 5 times as quickly as U.S. companies.

Reporting by Michael Erman; Editing by Edwina Gibbs

Our Standards: The Thomson Reuters Trust Principles., opens new tab
2025-10-15 03:28 4mo ago
2025-10-14 23:00 4mo ago
Mitsubishi Electric to Collaborate with ITRI in Taiwan on Large Capacity Power-conversion Systems Using Power Semiconductors stocknewsapi
MIELY
-

Aiming to expand use of high-capacity conversion systems for renewable energy generation, contributing to the global green transformation

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has concluded a basic agreement with the Industrial Technology Research Institute (ITRI) in Taiwan, in collaboration with the company’s sales company in Taiwan, Mitsubishi Electric Taiwan Co., Ltd., for a technical collaboration to develop high-voltage, high-current power conversion systems (PCSs) that use high-efficiency power semiconductors to convert electricity generated from renewable energy sources, such as solar and wind power.

Under the agreement, Mitsubishi Electric’s advanced power semiconductor modules and Mitsubishi Electric Taiwan’s marketing capabilities will be combined with ITRI’s technology for efficiently converting high-voltage, high-current electricity. The goal is to jointly develop a megawatt-class PCS prototype equipped with the power semiconductor modules for demonstration testing. Through this initiative, Mitsubishi Electric and Mitsubishi Electric Taiwan aim to further expand their power semiconductor module business for PCSs by providing users with design information on PCSs that effectively utilize power semiconductor modules, as well as results obtained from the demonstration tests, as reference information. ITRI, by providing design documents related to the construction of PCSs incorporating Mitsubishi Electric’s power semiconductor modules as well as results from the demonstration tests, as reference information to Taiwanese PCS manufacturers, aims to support product development by Taiwanese companies in related fields. Going forward, Mitsubishi Electric and ITRI aim to contribute to the global green transformation (GX) by developing and expanding technology for the efficient conversion of electricity from renewable energy sources.

For the full text, please visit: www.MitsubishiElectric.com/news/

More News From Mitsubishi Electric Corporation

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2025-10-15 03:28 4mo ago
2025-10-14 23:06 4mo ago
Evolution Mining Limited (CAHPF) Q1 2026 Earnings Call Transcript stocknewsapi
CAHPF
Evolution Mining Limited (OTCPK:CAHPF) Q1 2026 Earnings Call October 14, 2025 7:30 PM EDT

Company Participants

Lawrie Conway - CEO, MD & Director
Frances Summerhayes - Chief Financial Officer
Matthew O'Neill - Chief Operating Officer

Conference Call Participants

Kate McCutcheon - Citigroup Inc. Exchange Research
Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division
Andrew Bowler - Macquarie Research
Hugo Nicolaci - Goldman Sachs Group, Inc., Research Division
Baden Moore - CLSA Limited, Research Division
Matthew Frydman - MST Financial Services Pty Limited, Research Division
Alexander Barkley - RBC Capital Markets, Research Division
Ben Wood - UBS Investment Bank, Research Division

Presentation

Operator

Thank you for standing by, and welcome to the Evolution Mining September 2025 Quarter Results Call. [Operator Instructions] I would now like to hand the conference over to Mr. Lawrie Conway, Managing Director and Chief Executive Officer. Please go ahead.

Lawrie Conway
CEO, MD & Director

Thank you, Darcy, and good morning, everyone. I'm joined on the call today by Matt O'Neill, our Chief Operating Officer; Peter [ Rocky ] O'Connor, our General Manager, Investor Relations; and Fran Summerhayes, who joined us a month ago as our CFO. It's great to have Fran on board, and she's made an impressive start in her first month. I will have Fran make a couple of introductory comments about herself soon.

Today, we released the September quarterly report, which will be the reference point for the call. There are 3 key things to take away from the call today. Firstly, we're on track to deliver on our FY '26 commitments. That is for group guidance, production, costs and capital. Our projects are on schedule and on budget, and our 5-year capital outlook remains unchanged.

Secondly, there's been a structural shift in the sector, both for gold and copper. Gold as a financial reserve has accelerated with central banks being net

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

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2025-10-15 03:28 4mo ago
2025-10-14 23:16 4mo ago
EWG: A Bet On Germany Emerging From Stagnation In 2026-2027 stocknewsapi
EWG
SummaryThe iShares MSCI Germany ETF invests in mid and large-cap German equities, primarily in the industrial, financials, information technology, and consumer discretionary sectors.2025 has been a good year for EWG, with the ETF benefiting from a reduced political risk, attractive valuations, and euro strength.Looking ahead to 2026-2027, focus will turn to whether the German economy can escape its stagnation that started in 2023.EWG should continue to outperform the SPY in 2026, although the ETF's 0.5% expense ratio is likely to be a drag on returns.Key risks in the investment case include GDP growth falling short of expectations, a reversal of euro strength, and more limited benefits from AI and automation. Horst Gerlach/E+ via Getty Images

Introduction So far in 2025, the iShares MSCI Germany ETF (NYSEARCA:EWG) has outperformed the SPDR S&P 500 ETF (SPY), delivering a gain of ~33%, more than double that of the S&P 500-tracking ETF:

This

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

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

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Conagra Brands: Upgrading To Buy As Valuation And Yield Become Compelling stocknewsapi
CAG
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 CAG over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2025-10-15 02:28 4mo ago
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Dogecoin Leads Crypto Market Recovery After Record $19 Billion Flash Crash cryptonews
DOGE
The cryptocurrency market is showing signs of recovery after a weekend of intense volatility that triggered a historic $19 billion in liquidations on Friday. The sudden downturn, driven by tariff-related concerns, marked one of the largest flash crashes in crypto history, wiping out billions in leveraged positions across Bitcoin, Ethereum, and altcoins.

Dogecoin (DOGE), one of the hardest-hit cryptocurrencies, plunged to a low of $0.15 — its weakest level since June — after falling from a recent peak of $0.27 on October 6. However, DOGE investors are now breathing a sigh of relief as the meme coin makes a strong comeback. On Sunday, Dogecoin recorded its first green candle in three days, signaling renewed bullish momentum.

The token surged from $0.18 to $0.214, reclaiming the crucial daily 200-day simple moving average (SMA) at $0.206. This marks an impressive 13% daily gain as bargain hunters and retail traders jumped back in, seeing discounted valuations as an opportunity to buy the dip.

The broader crypto market is also stabilizing, with major assets such as Bitcoin, Ethereum, XRP, and Shiba Inu posting modest gains after the extreme sell-off. Analysts suggest that the rebound reflects improving sentiment and technical corrections following the liquidation wave.

Dogecoin’s recovery highlights investor resilience and the market’s capacity to rebound from steep declines. As traders monitor price action closely, DOGE’s next challenge will be maintaining momentum above its 200-day SMA to confirm a sustained uptrend.

With the crypto market gradually regaining stability, investors remain optimistic that the worst of the volatility is over, setting the stage for potential upward movement in the coming days.

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2025-10-15 02:28 4mo ago
2025-10-14 19:47 4mo ago
Roger Ver admits failing to report bitcoin holdings, DOJ drops indictment after $50 million settlement cryptonews
BTC
Roger Ver admitted to willfully failing to report his bitcoin holdings when he renounced U.S. citizenship in 2014, according to the DOJ.
2025-10-15 02:28 4mo ago
2025-10-14 19:47 4mo ago
Grayscale's Massive Bitcoin, Ethereum, and Solana Deposits Spark Market Sell-Off Fears cryptonews
BTC ETH SOL
The cryptocurrency market is reeling after Grayscale, one of the largest digital asset management firms, made massive deposits of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) to Coinbase Prime on October 14. According to on-chain data shared by Lookonchain, Grayscale transferred 1,856 BTC, 29,718 ETH, and 10,516 SOL—worth roughly $358 million—prompting widespread speculation of a potential sell-off amid the ongoing market downturn.

This move comes as the broader crypto market faces intense selling pressure, with leading assets like Bitcoin and Ethereum trading in deep red. Analysts suggest that such large inflows to centralized exchanges typically signal potential selling activity, as institutions may be seeking liquidity to offload holdings. The timing of Grayscale’s transactions—originating from its Bitcoin Trust, Ethereum Trust, and Digital Large Cap portfolios—has fueled speculation that the firm might be preparing to reduce exposure during heightened volatility.

Grayscale’s decision has drawn attention because institutional movements often influence overall market sentiment and price trends. Investors interpret this latest activity as a possible sign of caution, with the firm potentially hedging against further losses amid macroeconomic uncertainty and declining crypto momentum. Other institutional players have reportedly made similar moves, adding to fears that the 2025 crypto bull run may have already peaked.

Following the deposits, market data from CoinMarketCap shows modest declines across major tokens, with Bitcoin slipping 2.13% to $112,607, Ethereum down 1.70% to $4,117, and Solana dipping 0.13% to $203. While Grayscale has yet to issue an official statement, traders are closely monitoring whether this development signals the start of a larger institutional sell wave—or merely a strategic portfolio rebalancing in a turbulent market.

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2025-10-15 02:28 4mo ago
2025-10-14 19:51 4mo ago
Dan Morehead Credits Michael Saylor for Inspiring Pantera's Solana Treasury Strategy cryptonews
SOL
Pantera Capital CEO Dan Morehead recently revealed that MicroStrategy’s Michael Saylor played a major role in reshaping his views on institutional Bitcoin investing. During a podcast appearance, Morehead, one of Bitcoin’s earliest adopters, admitted that he initially didn’t understand Saylor’s approach. However, witnessing how mutual funds made billions through Saylor’s strategy completely changed his perspective. “They invested less than a billion dollars and made six billion in profits for their investors,” he explained. “That’s what opened my eyes. It allows different types of investors to get access.”

This realization led Morehead to explore a new frontier—Digital Asset Treasury (DAT) companies. Inspired by Saylor’s success, he launched The Solana Company, a digital treasury firm established in mid-September by rebranding Helius Medical Technologies. The firm focuses on managing digital assets, particularly Solana (SOL), which Morehead considers one of the most promising cryptocurrencies.

“Our biggest position is Solana, but we hold many other coins as well,” Morehead said, emphasizing Solana’s high performance and growing dominance in the blockchain space. According to him, Solana is “having its day,” and he believes the future will see hundreds of blockchain networks serving different use cases. “Bitcoin, Ethereum, and Solana are very important, but tomorrow, someone might invent something new that’s equally valuable,” he added.

Despite his optimism about blockchain innovation, Morehead reaffirmed Bitcoin’s position as the ultimate “digital gold.” Comparing it to gold among the 118 chemical elements, he stated, “There are 25,000 tokens, but only one with a massive network effect and a 15-year track record.”

As Morehead continues expanding Pantera’s focus on Solana and digital asset treasuries, his evolving strategy underscores a broader trend—traditional investors increasingly recognizing cryptocurrencies as legitimate, high-yield assets.

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2025-10-15 02:28 4mo ago
2025-10-14 19:57 4mo ago
VanEck Files Fifth Amendment for Solana ETF Featuring Regulated Staking and Low Fees cryptonews
SOL
VanEck has officially submitted its fifth amendment for the spot Solana ETF (ticker: VSOL) to the U.S. Securities and Exchange Commission (SEC), outlining a 0.30% management fee and an innovative staking strategy. The filing confirms that the ETF aims to mirror Solana’s market performance while generating additional yield through staking—making it the first hybrid digital asset fund structure of its kind in the U.S.

According to the updated filing, VanEck will partner with third-party staking providers such as SOL Strategies to handle delegation and yield management. Provider selection will depend on performance, uptime, and regulatory compliance. To ensure liquidity, VanEck’s staking model includes a 5% buffer that mitigates redemption delays caused by Solana’s typical unbonding period of two to three days. The company’s liquidity risk policy will be reviewed annually to maintain flexibility and market efficiency.

Custody of Solana holdings will be managed by Gemini Trust Company and Coinbase Custody, both regulated and insured entities. VanEck also signaled potential interest in liquid staking tokens (LSTs) pending future regulatory approval, following its recent registration of the Lido Staked Ethereum Trust in Delaware—further emphasizing its commitment to staking-based fund innovation.

The ETF’s 0.30% sponsor fee covers all operational costs except extraordinary legal or regulatory expenses, positioning VSOL among the lowest-fee crypto ETFs on the market, comparable to VanEck’s Bitcoin ETF.

However, despite the comprehensive submission, approval remains uncertain. Analysts like Bloomberg’s James Seyffart noted that the application falls under the Generic Listing Standards (GLS), meaning there’s no fixed timeline for SEC approval. The current U.S. government shutdown has also halted regulatory processes, delaying any decisions. Until operations resume, Solana ETF approvals are effectively on hold, even though exchanges like Cboe BZX can list compliant crypto ETFs under GLS without direct SEC sign-off.

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2025-10-15 02:28 4mo ago
2025-10-14 19:59 4mo ago
Jerome Powell's Dovish Shift Sparks Bitcoin Rally Amid Fed Rate Cut Expectations cryptonews
BTC
Federal Reserve Chair Jerome Powell has signaled a dovish turn in monetary policy, emphasizing rising risks in the U.S. labor market — a move that has fueled optimism for another Fed rate cut this month and triggered a rebound in Bitcoin prices.

Speaking at the Annual Meeting of the National Association for Business Economics, Powell noted that the outlook for employment and inflation has remained largely unchanged since September. This suggests the Federal Open Market Committee (FOMC) is likely to deliver another rate cut in October, reflecting the central bank’s growing concern over labor market weakness.

Recent FOMC minutes revealed that last month’s rate cut was driven by signs of a softening job market. Powell reiterated that “downside risks to employment appear to have risen,” reinforcing expectations of continued policy easing.

Following his remarks, Bitcoin (BTC) surged as investors priced in the possibility of another rate cut. According to TradingView data, BTC broke above $112,000 and climbed to around $112,800, rebounding sharply from a session low of $110,000 earlier in the day. This recovery comes after recent declines linked to mounting U.S.–China trade tensions.

Powell also hinted at a potential halt to the Fed’s balance sheet reduction, suggesting a shift from quantitative tightening toward easing. “We may be approaching the point where balance sheet runoff stops,” he said, signaling a more accommodative stance.

The dovish outlook and liquidity boost expectations have been positive for Bitcoin, which recently reached a new all-time high above $126,000 earlier this month. As the Fed leans toward further rate cuts, investor appetite for alternative assets like Bitcoin continues to strengthen — highlighting the growing correlation between monetary policy and crypto market performance.

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2025-10-15 02:28 4mo ago
2025-10-14 20:00 4mo ago
Dogecoin Price Falls 4% Today but Analysts Say Nasdaq Listing Could Reignite $1 Target cryptonews
DOGE
The Dogecoin price slipped roughly 4% on the day and 24% on the week, hovering near $0.20–$0.21 at press time.

While the pullback cools last week’s rebound, analysts say fresh Nasdaq-listing headlines and ETF momentum could reset the narrative and revive the long-standing $1 target if key levels hold.

DOGE's price trends to the downside on the daily chart. Source: DOGEUSD on Tradingview
Nasdaq Listing & Dogecoin ETF Buzz Put $1 Back in Sight
The House of Doge, a corporate arm tied to the Dogecoin Foundation, plans to go public via a $50 million merger with Brag House Holdings (NASDAQ: TBH).

The new entity is set to steward an ecosystem treasury of 837 million DOGE and push DOGE integrations across gaming, campus sports, and digital media, bringing the brand closer to mainstream finance and culture.

At the same time, Dogecoin ETFs from issuers such as 21Shares, Bitwise, and Grayscale are on the SEC’s docket, with early DOGE products already drawing over $30 million despite higher fees.

A green light for lower-cost funds could funnel new, regulated demand into DOGE, historically a catalyst for liquidity and price discovery across crypto.

Key levels: $0.20 support, $0.23–$0.25 and $0.29–$0.30 Resistance
Dogecoin Price action remains balanced on a knife-edge. Traders flag $0.200 as critical support; losing it risks a slide toward $0.178.

On the upside, initial resistance sits at $0.214 and $0.229, with a broader supply zone at $0.241–$0.254. A daily close above $0.25 opens a run at $0.29–$0.30, the area many watch for a breakout confirmation.

Technically, DOGE recently printed hammer/morning star patterns off the lows, while momentum has cooled to neutral, often a staging zone before the next directional move. For swing traders, $0.18 (support) and $0.25 (resistance) are the immediate invalidation/continuation lines.

Whales accumulate as Weekly Triangle Coils
On-chain, whales soaked up roughly $42 million in DOGE during the dip, signaling confidence as price continues to coil inside a multi-month triangle on the weekly chart. Historically, DOGE’s long compressions have preceded outsized expansions.

A decisive break above $0.30 would align with that pattern and shift near-term targets to $0.49 and ultimately the psychological $1 over a longer horizon, particularly if Nasdaq listing progress and ETF approvals land in sync.

Cover image from ChatGPT, DOGEUSD chart from Tradingview
2025-10-15 02:28 4mo ago
2025-10-14 20:00 4mo ago
S&P Global and Chainlink Introduce Onchain Ratings for Stablecoins cryptonews
LINK
In an unprecedented move to bridge the gap between conventional finance and the growing decentralized finance (DeFi) sector, S&P Global Ratings has partnered with Chainlink to release its Stablecoin Stability Assessments (SSAs) onchain. This initiative represents a significant integration of traditional financial assessments with blockchain technology, aiming to enhance transparency and trust in the DeFi space.
2025-10-15 02:28 4mo ago
2025-10-14 20:01 4mo ago
Crypto Market Prediction: Bitcoin's (BTC) Catastrophic Move, Ethereum (ETH) to Nosedive to $3,000? Can XRP Reach $3 Again in 2025? cryptonews
BTC ETH XRP
The market is getting ready for a proper move toward values that were previously lost; however, the buy-side volume we had is nowhere near the threshold needed to see prices like $3 for XRP, $4,000 for Ethereum and $120,000 for Bitcoin. 

Bitcoin's face-melting fakeoutThe recent price movement of Bitcoin is being characterized as one of the year's most disastrous fakeouts, which has essentially dashed short-term bullish expectations and reset market sentiment generally. BTC is now plunging back toward $111,000, a level that is perilously close to inciting a more significant market correction after what at first appeared to be a strong breakout above the $115,000 resistance turned into a vicious reversal.

More than just wiping out recent gains, this fakeout has destroyed momentum that had been accumulating since early October. Following the swift rejection of the breakout attempt at the 50-day EMA, Bitcoin has since dropped below the 20- and 50-day moving averages, indicating a pronounced loss of directional strength. This signals to traders the end of what might have been a long-term rebound after weeks of sideways consolidation.

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It is a gloomy setup technically. The 200-day EMA, which is the next significant support, is located close to $108,000. This level could determine whether Bitcoin continues on its long-term upward trajectory or begins a protracted decline. Trading volume has increased, indicating that panic selling is taking place, and the RSI indicator is currently trending close to 42, indicating weakening buying pressure.

Despite Bitcoin’s reputation for resilience, this catastrophic move highlights how brittle its structure still is. A series of liquidations occurred on major exchanges as a result of the rejection at $115,000, which not only rendered the prior breakout invalid but also trapped many long positions.

The prospects for Bitcoin’s price recovery are now seriously jeopardized due to the thinning liquidity and ongoing macro uncertainty. In the short term, the market might be looking at another leg lower, possibly toward $100,000, unless Bitcoin can recover and hold above $114,000.

This fakeout serves as a sobering reminder that in the world of Bitcoin, even the most promising rallies can turn violently around in a single daily candle, shattering hopes.

Confidence in Ethereum plummets?The official loss of Ethereum’s hold on the $4,000 mark indicates a sharp drop in investor confidence and increasing market uncertainty. After momentarily recovering from the crash last week, ETH has once again dropped below the psychological barrier and is currently trading close to $3,980, a level that puts it in a precarious position as all technical indicators turn bearish.

Since ETH has been rejected close to the 50-day EMA and has failed to hold above the short-term resistance line, the situation is now framed as critical. At about $3,540, the asset is just above the 200-day EMA (black line), which serves as the final structural support prior to a possible more significant correction. Ethereum might move toward the $3,300-$3,400 range, a region of historical accumulation, if it were to cleanly break below that level.

Ethereum might be able to regain the $4,000 zone, though, in one of two recovery scenarios. The first and more likely is a technical bounce from the 200 EMA, which is fueled by short-term overselling. The RSI is currently trading close to 43, indicating that the market is getting close to exhaustion on the downside. The price of Ethereum may rise to $4,200 if buyers intervene, turning $4,000 back into support.

A liquidity-driven push would be necessary for the second, more viable scenario, which would probably be brought on by fresh capital inflows into altcoins or a wider Bitcoin stabilization above $115,000. By doing so, ETH would be able to retest and possibly break the $4,300 resistance, reestablishing the bullish structure of the midterm.

However, Ethereum is still in a troublesome limbo right now — too weak to support a breakout but not weak enough to confirm a complete breakdown. The $4,000 loss may signal the start of a more extensive retracement phase for the second-largest cryptocurrency unless one of these recovery triggers occurs soon.

No chances for XRP? Even though the recent crash brought XRP down to almost $2.40, the answer may surprise those who think the trend is purely bearish. Investors are once again asking the same question after one of the most turbulent weeks on the cryptocurrency market: can XRP reach $3 again in 2025?

In actuality, XRP’s market behavior has always flourished on volatility rather than steadiness. For this asset, a sharp decline followed by an abrupt recovery is not uncommon. As liquidity resets and traders reposition for the next big swing, historical data actually indicates that XRP’s strongest rallies are frequently preceded by sudden volatility.

The market’s recent drag, particularly the widespread liquidation of high-leverage positions, has now reduced the amount of speculative pressure, making way for a more orderly natural move. If the change in sentiment continues, XRP may return to the $3 level, especially if it is able to recover and stay above the 200-day EMA at $2.70.

In terms of technical analysis, that is the main resistance area that divides stagnation from recovery. If the asset gains traction above this level, whales and momentum traders might reenter, increasing upside volatility, which is exactly what XRP needs to survive.

Further market cycles suggest that overnight reversals are the real character of cryptocurrency growth. Seldom is it predictable or linear. As has been observed innumerable times, without obvious macro triggers, sentiment can shift from hopelessness to euphoria in a matter of hours.

Thus, despite the fact that XRP may appear weak today, history indicates otherwise. It could be abruptly pushed back to $3 or higher in 2025 by the same forces that pulled it down. The market is volatile, and XRP, more than any other significant altcoin, serves as a reminder to investors that cryptocurrency recovery is rarely gradual but rather explosive.
2025-10-15 02:28 4mo ago
2025-10-14 20:01 4mo ago
Chainlink (LINK) Eyes $100 Breakout as Analyst and S&P Global Partnership Fuel Bullish Momentum cryptonews
LINK
Chainlink (LINK) continues to capture investor attention as market optimism grows following a bullish outlook from crypto analyst Ali Martinez. Martinez reaffirmed that LINK remains in a prime buy zone, anticipating a potential breakout toward $100. The token’s ongoing consolidation within a symmetrical triangle pattern—forming since 2022—indicates an imminent breakout as bullish momentum builds.

According to Martinez, maintaining support around $20 could trigger an upward move toward $47, setting the stage for a rally toward $100. The $15 zone has repeatedly acted as a strong support level, while the $21 resistance remains a critical threshold. A confirmed breakout above this level could validate the bullish setup, opening pathways to targets at $37, $55, and ultimately $100. However, a dip below $14 may temporarily slow the rally, though investor accumulation suggests continued confidence in LINK’s long-term potential.

Adding to the positive sentiment, Chainlink’s recent partnership with S&P Global Ratings enhances its institutional relevance. The collaboration will use Chainlink’s DataLink infrastructure to deliver on-chain Stablecoin Stability Assessments (SSAs), offering over 2,400 financial institutions access to standardized risk metrics. This integration bolsters transparency and facilitates the adoption of stablecoins in regulated financial environments.

With the stablecoin market surpassing $300 billion, Chainlink’s technology plays a vital role in bridging traditional finance and decentralized systems. Its oracle network enables secure, verifiable data transmission, empowering S&P Global to evaluate credit, market, and custody risks directly on-chain.

As technical indicators and institutional collaborations converge, Chainlink appears poised for a potential long-term rally. Analysts suggest this could be an ideal entry point for investors seeking exposure before LINK confirms a breakout, reinforcing its position as a cornerstone of the digital finance ecosystem.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>
2025-10-15 02:28 4mo ago
2025-10-14 20:06 4mo ago
Pi Coin Shows Remarkable Resilience Amid Market Drop — What's Next for PI Price? cryptonews
PI
Pi Coin (PI) has shown impressive strength as the broader crypto market saw a sharp correction of over 3%. While major cryptocurrencies like Bitcoin, Ethereum, and BNB declined between 3% and 12%, Pi Coin’s price dipped just 1.5% in the past 24 hours, signaling resilience and growing investor interest. However, traders now face mixed technical indicators that hint at uncertainty in PI’s next move.

Currently trading near $0.21, Pi Coin’s chart reveals conflicting signals. The Money Flow Index (MFI) — which measures buying and selling pressure — has been climbing even as PI made lower lows between August 1 and October 9. This bullish divergence suggests that, despite price declines, new capital has quietly entered the market, indicating gradual accumulation by retail investors.

Conversely, the Relative Strength Index (RSI) shows a hidden bearish divergence between October 6 and 13, with RSI rising while prices made lower highs. This indicates weakening momentum, hinting that any short-term recovery might face resistance before confirming a sustained uptrend.

Structurally, PI is trading within a falling wedge pattern, often considered a bullish setup. A confirmed breakout above $0.29 on the daily chart could trigger renewed buying interest, potentially driving prices toward $0.24–$0.25 initially, and possibly $0.29 if momentum strengthens. On the downside, strong support lies at $0.18 and $0.15 — and a close below $0.15 would invalidate the bullish setup, opening the door for further losses.

For now, Pi Coin remains one of the few cryptocurrencies outperforming the market. Whether the ongoing accumulation leads to a breakout or fading momentum extends the pullback, the next move will likely depend on whether the falling wedge resolves to the upside or breaks lower.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>
2025-10-15 02:28 4mo ago
2025-10-14 20:20 4mo ago
Bitcoin Price Prediction: Nears $111K as Musk Backs BTC, Metaplanet's $3.5B Bet Faces Test cryptonews
BTC
Big money's in motion — Bitcoin price prediction hints at a rebound toward $130K after Musk's support and Metaplanet's valuation drop.
2025-10-15 02:28 4mo ago
2025-10-14 20:24 4mo ago
Alleged Hyperliquid Whale Denies Insider Trading Connection with Trump cryptonews
HYPE
A massive Bitcoin short executed just minutes before US President Donald Trump announced tariffs on China last Friday has sparked controversy over potential insider trading. However, Garrett Jin, the former CEO of now-defunct crypto exchange BitForex, has denied all claims linking him to the market move.
2025-10-15 02:28 4mo ago
2025-10-14 20:49 4mo ago
“Bitcoin Mayor” Eric Adams Launches NYC's Digital Assets Office cryptonews
BTC
Bitcoin Mayor Eric Adams signs Executive Order 57 creating a digital assets officeMoises Rendon to lead coordination between city agencies and crypto industryInitiative solidifies Adams’ crypto legacy as New York’s leadership changesNew York City Mayor Eric Adams — known as the “Bitcoin Mayor” — has signed Executive Order 57, which created the Office of Digital Assets and Blockchain. The move strengthens the city’s bid to become the world’s crypto capital.

The new digital assets office, the first of its kind in the United States, will promote responsible blockchain innovation, attract talent, and enhance New York’s position as a financial technology hub. It reflects the mayor’s long-term vision to integrate crypto policy and public governance.

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Sponsored

Executive Order Establishes Nation’s First Crypto OfficeUnder Executive Order 57, which Adams signed on Tuesday, the new office will report to Chief Technology Officer Matthew Fraser. Moises Rendon, a blockchain policy expert from the Office of Technology and Innovation (OTI), will serve as executive director.

Rendon will commission industry leaders to advise on digital asset policies and coordinate agency projects.

“New York has always been the center of innovation,” Adams said. “With this office, we’re embracing the technologies of tomorrow — growing our economy and expanding opportunities for underbanked communities.”

Executive order from New York City Mayor Eric Adams / Source: NYC.govFirst Deputy Mayor Randy Mastro said the initiative keeps New York “ahead of the curve,” ensuring residents gain from new economic opportunities.

CTO Fraser added that the office “shows the mayor’s bold vision to make New York the crypto capital of the world.”

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Office to Bridge City Hall and Blockchain IndustryThe office will connect City Hall with the crypto sector while coordinating with regulators. Its priorities include responsible innovation, financial inclusion, public education about crypto risks, and consumer protection.

“The future is now for digital assets in New York City,” Rendon said. “We aim to make government more transparent and innovative for 8.5 million New Yorkers.”

Rendon said his priority will be forming a commission of blockchain experts to advise on pilot initiatives, such as exploring blockchain use for public records and city service transparency. The office also plans to collaborate with federal and state agencies on crypto education and consumer protection campaigns.

These actions will reinforce New York’s leadership in digital finance and the crypto ecosystem, protect consumers, and foster sustainable economic growth.

Our first-in-the-nation Office of Digital Assets and Blockchain will help make us the GLOBAL capital of digital assets.

This new mayoral office is going to help us stay ahead of the curve, grow our economy, AND attract world-class talent:https://t.co/Vdw2UFufqx

— Mayor Eric Adams (@NYCMayor) October 14, 2025
Adams’ Crypto Legacy and the Road AheadThe office caps Adams’ two-year campaign to make New York a blockchain and crypto hub. He hosted the city’s first crypto summit and took his first three paychecks in Bitcoin and Ethereum, earning the nickname “Bitcoin Mayor.”

Adams also called for reforming New York’s BitLicense framework, arguing that restrictive rules hurt innovation. He will leave office on January 1 after ending his reelection campaign in September.

With Adams’ exit, Democrat Zohran Mamdani leads the mayoral race, followed by former Governor Andrew Cuomo. Industry figures, including Gemini co-founder Tyler Winklevoss, back candidates who support the digital assets economy. Mamdani, however, has been skeptical of the industry. He endorsed stronger stablecoin consumer protections and criticized Cuomo for advising crypto exchange OKX.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
2025-10-15 02:28 4mo ago
2025-10-14 21:00 4mo ago
Greatest Bitcoin Threat? Charles Edwards Predicts Quantum Break In 2–8 Years cryptonews
BTC
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

At TOKEN2049 Singapore, Capriole Investments founder Charles Edwards set aside his well-known Bitcoin bullishness to deliver an unambiguous warning: a quantum “Q-Day” could arrive far sooner than most of the industry expects, with potentially existential consequences if Bitcoin’s core cryptography is not upgraded in time. “Within two to eight years, a quantum machine will break Bitcoin’s current encryption,” he told the audience, urging developers, companies and holders to treat the issue as urgent engineering, not distant theory.

Edwards framed Q-Day as the moment a sufficiently powerful quantum computer can break widely-used classical cryptography such as RSA—and, by extension, the elliptic-curve cryptography (ECC) underpinning Bitcoin’s public-private key model. “Q-day is the day in which a quantum machine will break classic encryption,” he said, adding that once that threshold is crossed, anything protected by those primitives—from financial networks to “sensitive data” and “of course Bitcoin”—is at risk. He asserted that Bitcoin’s ECC would likely fall sooner than RSA when the industry approaches that breakpoint.

Quantum Computing Could Break Bitcoin Within 8 Years
Pushing back on the common refrain that practical quantum attacks are decades away, Edwards argued the timeline has materially compressed, citing both rapid technical progress and a collective incentive among states and large firms to accelerate. “Even quantum years away. If you ask ChatGPT or Grok, it’ll tell you 10, 20, 30 years away. It’s rubbish,” he said. He pointed to quantum computer access already available via major cloud providers—AWS, Google and Azure—and its use cases in “drug discovery, defense, [and] optimizing bond yields,” presenting these as markers of real-world traction rather than laboratory demos.

Edwards anchored his 2–8 year forecast to a convergence of views he described as independent and sober. He referenced security specialist Jameson Lopp as assigning “50% risk in four to nine years,” a “math PhD doctor specializing in quantum” at “2 to six years for Bitcoin,” and McKinsey’s estimate for RSA-level Q-Day in “2 to 10 years,” reiterating his belief that “Bitcoin breaks years earlier than that.”

He also drew attention to a 2017 “Bitcoin quantum paper” that, in his reading, suggests “you only need 2,300 qubits—logical qubits—to break Bitcoin’s ECC,” noting its authorship by researchers affiliated with Microsoft, IonQ and Meta. While those numbers and affiliations were presented as evidence, his central message was less about any single study and more about the overall direction of travel: a multilateral “quantum arms race” that he said has already attracted “$55 billion” in commitments, with China “spending double the US.”

In Edwards’ telling, technological trendlines are compounding that investment wave. He described qubit growth as “basically a straight line in a log chart,” claiming it is “progressing faster than Moore’s law,” and likened today’s skepticism to the disbelief many held about AI adoption in 2021—right before chatbots went mainstream.

“Imagine 2021 and thinking about AI… You thought it was years away. So ChatGPT happened. I think we’re in a similar moment with quantum. It’s ignored today, but it’s coming.” He also highlighted a perceived shift in sentiment from Nvidia’s Jensen Huang, saying that after downplaying quantum timelines early in the year, Huang later called quantum at “an inflection point” and has been “spending billions buying quantum companies.” For Edwards, the takeaway is simple: “As always, follow the money.”

The operational risks Edwards outlined for Bitcoin were concrete and immediate. If adversaries can derive private keys from public keys exposed on-chain, coins sitting at addresses that have previously revealed public keys become vulnerable to theft. That set includes long-dormant “lost” coins and, potentially, some portion of Satoshi-era holdings.

“Satoshi’s coins will probably be market dumped,” he said starkly, not because their owner would necessarily act, but because the associated keys could be computed and the UTXOs swept once Q-Day arrives.

He contrasted dormant addresses with actively maintained wallets, arguing that modern key management and timely migration would reduce exposure: “We want to keep active wallets… it’s good to maintain security upgrades and relevancy of the tech through time.” He referenced Michael Saylor’s recent remark about doing “something ethically proper and burn[ing] his coins,” using it to underscore an inversion in perceived safety: “Actually burnt—the lost coins—the highest risk because no one has maintained that infrastructure.”

Beyond the cryptographic break itself, Edwards emphasized the logistical constraints of any industry-wide upgrade. Bitcoin can only process so many transactions per day, meaning a migration to quantum-safe addresses cannot be done overnight. “We have long lead times to upgrade Bitcoin,” he said.

“For Bitcoin itself it takes at least a month if you ignore all other transactions on the network to simply move everyone across to new wallets… so we’re looking at at least basically 6 to 12 months to fix this.” On that basis, he argued work on a concrete migration path cannot wait: “We need to be solving this really next year—2026—in order to get a solution before 2027.”

Edwards pointed to ongoing technical efforts as a starting point rather than a finished plan. “There’s solutions to protect crypto… There’s a few BIPs for example like this one… by Jameson Lopp. So there are solutions. We can solve this but there is an urgency to it.”

Quantum will break Bitcoin and Satoshi’s coins will market dump.

We must act in 2026.

Watch this video to understand why.https://t.co/46Cqlv5RSH

— Charles Edwards (@caprioleio) October 13, 2025

He called on developers to evaluate proposals for quantum-resistant schemes and on the broader community to “get talking to [the] community, your social media, get involved in the Bitcoin improvement proposals. Review them, give feedback, just get talking.” The subtext was that governance friction—social consensus, client implementation, wallet support, exchange coordination—becomes the gating factor once a candidate scheme is chosen, and that delay is itself a security risk if adversaries are on a clock of their own.

At press time, Bitcoin traded at $111,161.

Bitcoin drops below the channel again, 1-day chart | Source: BTCUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
2025-10-15 02:28 4mo ago
2025-10-14 21:00 4mo ago
Historic Liquidation Event Highlights Solana Resilience Against Ethereum, Which Is Leading? cryptonews
SOL
The sudden and violent market correction triggered by geopolitical shockwaves served as an unprecedented stress test for the entire cryptocurrency ecosystem, exposing critical differences in network architecture. While the multi-billion-dollar liquidation event sent prices plunging across the board, Solana demonstrated remarkable resilience, whereas the Ethereum network and liquidity thinned during the peak volatility.

Why Solana High-Performance Design Continues To Shine
In an X post, the Nasdaq-listed go-to Solana Digital Asset Treasury (DAT), DefDevCorp, has revealed that when the largest liquidation event in crypto history hit last Friday, most of the market froze, and Ethereum stumbled. However, Solana didn’t flinch, powering through one of the most chaotic trading sessions ever recorded.

At the peak of volatility, Solana sustained 1,225 transactions per second, finalized blocks in just 350 milliseconds, and saw transaction fees briefly rise to $0.25 before normalizing below $0.01. Meanwhile, ETH’s infrastructure buckled under demand as the network struggled to process beyond 26 TPS. Its block times extended to 15 seconds, and saw average gas fees explode to $616, effectively locking out users and rendering the chain unusable during the crisis. ETH became unreliable, impractical, and effectively unusable during the chaos.

SOL network displaying strength over ETH | Source: Chart from DefiDevCorp on X
As DefiDevCorp noted, when users are priced out and transactions can’t clear, the network might as well be offline. In moments of high load, the core promise of a blockchain to remain accessible, affordable, and reliable must hold. However, after nearly 20 months of uninterrupted uptime, weathering its busiest moments, it’s abundantly clear that SOL’s continued upgrades and optimizations have paid off dramatically. 

DefiDevCorp concluded that no other chain currently comes close to handling global value transfer at this scale, under such extreme conditions, with the same level of performance. The takeaway from the firm’s post is that only SOL stays fast, cheap, and usable, even when global markets melt down.

Why SOL Price Doesn’t Match Its Reliability
A Researcher at alphapleaseHQ and Advisor at KaminoFinance, Aylo, has also mentioned that he had assets and Decentralized Finance (DeFi) positions open on both Solana and Ethereum when the crypto market collapsed last Friday. During this time, he had zero issues using the SOL network, while the ETH network was unusable due to the costs, which often led to market crashes, and the Rabby wallet also went down.

Aylo added that the ETH maxis should be much angrier about the performance of their L1. With this development, SOL continues to prove it’s the most performant and reliable blockchain under real-world pressure that we have in crypto. He pointed out that SOL’s valuation doesn’t reflect the resilience it is proving in the digital world.

SOL trading at $194 on the 1D chart | Source: SOLUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com
2025-10-15 02:28 4mo ago
2025-10-14 21:21 4mo ago
Asia Morning Briefing: Structural Demand Anchors Bitcoin After Record $20B Liquidation cryptonews
BTC
A record deleveraging erased speculative positions but not conviction, as both Glassnode and CryptoQuant highlight steady whale accumulation, rising USDT supply, and persistent ETF inflows. Oct 15, 2025, 1:21 a.m.

Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.

Crypto's largest-ever leverage wipeout has left traders cautious but long-term capital intact, say analysts in recent reports.

Despite the short-term market chaos from the largest ever crypto liquidation event, both Glassnode and CryptoQuant argue that beneath the surface, liquidity and structural demand held firm.

STORY CONTINUES BELOW

CryptoQuant wrote in a recent report that while short-term momentum has weakened, large holders continue to accumulate, and fiat liquidity is still building. USDT supply has grown by nearly $15 billion in 60 days, the fastest pace since January, while U.S. spot bitcoin ETF inflows have climbed to $3.5 billion.

Glassnode also cites this data point in its weekly market pulse, interpreting this trend as evidence that capital remains inside the system even after speculative risk was flushed out.

Where the two analyses diverge most clearly is in tone and timing.

Glassnode portrays the sell-off as a structural purge that stripped out speculative excess and forced traders back into defensive positioning. Its data show funding rates halved, perpetual CVDs turned negative, and options traders paying higher premiums for downside protection.

The firm sees this as a market in recovery mode, digesting losses and rebuilding confidence rather than preparing for an immediate rebound.

CryptoQuant, by contrast, reads the same market through a more constructive lens.

It highlights $115,000, the traders’ on-chain realized price, as the level to watch for renewed strength. A sustained move above that threshold, the firm argues, could mark the start of a new bullish phase supported by expanding stablecoin liquidity and continued whale accumulation.

The difference in outlook reflects a broader divide in sentiment across the market: a cautious reset versus a potential inflection point.

Both firms paint an emerging picture of a market transitioning from excess to equilibrium. Capital is still flowing in through ETFs and stablecoins, but positioning is defensive, and confidence needs time to rebuild.

Whether bitcoin’s next move is a rebound or a drawn-out consolidation will depend less on leverage and more on how quickly that structural demand turns into fresh risk-taking.

Market MovementBTC: Bitcoin fell to around $112,700 after an early slide below $110,000. Profit-taking and renewed Trump trade threats pressured risk assets, though prices steadied after Fed Chair Jerome Powell signaled the central bank is nearing the end of its tightening cycle.

ETH: ETH is trading at $4,101, down 3.7%, as open interest dropped to its lowest since May and profit-taking accelerated following a rejection near $4,270, though CME traders and ETF inflows signal institutional support remains strong.

Gold: BlackRock’s Evy Hambro said gold could climb well beyond $4,200 as paper currencies are repriced against real assets, while Bank of America expects it to reach $5,000 and silver $65 by 2026, with both institutions citing fiscal deficits, investor demand, and structural shifts favoring real assets despite risks of short-term consolidation.

Nikkei 225: Asia-Pacific markets opened higher Wednesday, with Japan’s Nikkei 225 up 0.3%, even as renewed U.S.-China trade tensions and threats of “retribution” from President Trump kept volatility elevated.

Elsewhere in Crypto:Binance claims it ‘does not profit’ from its token listing process, calls allegations ‘false and defamatory’ (The Block)Laura Loomer Stokes Speculation Over Trump SBF Pardon: Is There Anything to It? (Decrypt)Celsius Wind-down Secures $300M From Tether, Say GXD Labs, VanEck (CoinDesk)AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

More For You

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

Oct 10, 2025

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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Bitcoin's Leverage Flush Favors Accumulation, K33 Says

5 hours ago

Crypto prices were down sizably on Tuesday but bounced off of their worst levels.

What to know:

Bitcoin and cryptos finished sizably lower but off their worst levels as Federal Reserve Chair Jerome Powell's slightly dovish comments provided relief for risk assets.Bitfarms (BITF), Cleanspark (CLSK), Iren (IREN), Marathon Digital (MARA) and TeraWulf (WULF) surged over 10% as investors continue to bid up BTC miners as AI infrastructure plays.Friday's leverage drawdown creates a "constructive setup," K33 research head Vetle Lunde said.Read full story
2025-10-15 02:28 4mo ago
2025-10-14 21:23 4mo ago
Tom Lee, Arthur Hayes double down on $10K Ether this year cryptonews
ETH
BitMine chair Tom Lee and BitMEX co-founder Arthur Hayes are holding strong on their prediction that Ether will hit $10,000 this year, despite a recent crypto crash, and there being less than three months left on the clock.

“For Ethereum, somewhere between [$10,000] and $12,000,”  Lee said on the Bankless podcast on Tuesday, when asked where he sees the cryptocurrency’s price going by the end of this year.

Hayes, who also appeared on the same podcast episode, said he is “going to stay consistent” with his $10,000 prediction by the end of the year.

With Ether (ETH) trading at $4,129 at the time of publication, an increase to $10,000 would represent a gain of roughly 142%, a target that both Hayes and Lee believe is within reach, even as a conservative estimate, for the remainder of the year.

Ethereum has been “basing” since 2021, says LeeLee emphasized that a significant rally like this wouldn’t signal excessive market froth, either, as Ether has largely been consolidating within a range since hitting an all-time high of $4,878 in 2021. “Ethereum’s basically been basing for four years now, just broke out of the range, so to me, it wouldn’t be a blow off top, but rather seeking essentially price discovery at a new level,” Lee said. 

Ether only briefly reclaimed the 2021 highs in August this year, before retracing and not revisiting the level since. 

Ether is up 57.14% over the past 12 months. Source: CoinMarketCap“I think there would be a lot of fundamental things happening next year,” Lee said, adding, “I don’t think it’s the top, but I’m sure it is a big level, it may be a big level but a happy level.” 

Both Hayes and Lee have been forecasting a significant rise in Ether’s price since the beginning of this year. 

Historical data tells a different story: $5,000 on the cardsTheir predictions followed Friday’s market crash, which saw over $19 billion in liquidations across the crypto market and a broad decline in cryptocurrency prices. 

Ether, which had been trading near $4,350 prior to the crash, is now at $4,129 at the time of publication.

However, Historical data suggests that Ether’s year-end target may be around half the level Hayes and Lee are forecasting. 

Oct. 1 marked the start of the fourth quarter, a period that has historically delivered average returns of 21.36% for Ether since 2016, according to CoinGlass.

Ether has seen an average return of 21.36% in Q4 since 2016. Source: CoinGlassA similar gain from its current price would bring the asset closer to the $5,000 mark by the end of this year. This falls closer to the more conservative forecasts of other analysts, such as Tesseract CEO James Harris, who expects it to reach around $6,500.

Other analysts are mulling the possibility of Ether reaching new all-time highs soon. MN Capital founder Michael van de Poppe said that Sunday’s drop saw the ETH/BTC pair plunge to 0.032, which was an “ideal zone for buys.” 

Van de Poppe wrote in a Tuesday X post, “It needs a higher low and then we’re off toward new highs.”

Magazine: Review: The Devil Takes Bitcoin, a wild history of Mt. Gox and Silk Road
2025-10-15 02:28 4mo ago
2025-10-14 21:41 4mo ago
ATH Silver Flips Bitcoin: Has the Age of Digital Gold Finally Ended? cryptonews
BTC
Silver hits a 45-year high as Bitcoin and Ethereum drop, signaling a possible capital rotation toward tangible assets.Analysts warn crypto may be entering a “bear market versus silver,” as metals outperform and safe-haven demand surges.Experts remain split — some see silver’s rise as cyclical, while others believe Bitcoin will reclaim dominance long-term.While the digital asset market wavers, silver has quietly reached its highest price in nearly half a century.

The reversal between the two asset classes — silver and crypto — not only reflects a shift in capital flow, but also raises a bigger question: is the era of “digital gold” giving way to traditional assets?

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The Silver Surge and Signs of Capital RotationThe global asset market is witnessing a rare turning point. Silver has just reached its highest level in about 45 years, marking a historic peak for the metal. Physical silver demand is also surging unprecedentedly, with large-scale purchases and deliveries from international depositories.

Not only has silver reached a new high, but gold is also moving in the same direction. Amid this rally of traditional assets, Bitcoin and Ethereum have fallen sharply following the recent Crypto Black Friday event. Silver’s market capitalization has now risen to the top tier of global assets, surpassing bitcoin.

Silver’s market cap has overtaken Bitcoin’s. Source: 8marketcap.The price trajectories of these two seemingly unrelated asset classes are now moving in opposite directions. This divergence is prompting investors to ask: Are we witnessing the beginning of a “bear market” for crypto versus silver?

“Gold and silver continue to melt up as Bitcoin and Ether continue to melt down. Crypto buyers are in for a rude awakening and will soon learn a very valuable but expensive lesson. Fortunately, most crypto owners are young with lots of time to earn back what they’re about to lose,” a prominent economist Peter Schiff shared.

Technical data also paints a concerning picture for Bitcoin. Analyst Northstar observed that cryptocurrencies peaked against silver four years ago. Since their 2021 highs, the Bitcoin/silver ratio has continued to decline — and now it’s plunging once again.

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“Objectively, the entire crypto market now appears to be entering a bear market versus silver,” Northstar said.

Correlation between the silver and crypto markets: Source: NorthstarSome investors share stories of painful losses, like a trader who lost 80% of their portfolio value within hours during the recent Crypto Black Friday. Ironically, this trader had once been a “silver warrior” before selling at $39 to chase high-risk crypto assets.

When Tangible Assets Rise and Challenge Digital ConvictionThis trend reflects a cyclical rotation between physical and digital assets. Amid growing fears of recession and persistently high interest rates, investors are returning to traditional safe havens. Commodity strategist Mike McGlone previously predicted that the next downturn — potentially arriving in Q4 2025 — could trigger a “mean reversion” for the crypto market, which has grown too quickly relative to its intrinsic value.

The rise of silver is due not only to its physical scarcity but also a shift in investor psychology — fears surrounding the US financial system and soaring debt are driving investors toward “real” assets.

Veteran investor Max Keiser, however, maintains that Bitcoin remains the superior scarce asset, capable of outperforming everything else in the long run. Despite Bitcoin’s recent volatility, investors may return to Bitcoin as gold and silver become increasingly challenging to acquire over the longer horizon.

“As Gold & Silver disappears from the market, unobtainable at any price, frustrated buyers will turn to Bitcoin.”

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
2025-10-15 02:28 4mo ago
2025-10-14 21:48 4mo ago
Farage Bets Big on Bitcoin — Could Britain Follow Trump's Crypto Strategy? cryptonews
BTC
Nigel Farage, leader of Reform UK, has unveiled a sweeping pro-crypto policy aimed at turning Britain into a global cryptocurrency hub. Speaking at the Digital Asset Summit 2025 in London, Farage vowed to create a state-backed Bitcoin reserve funded by seized assets while introducing a flat 10% tax on crypto gains, signaling a dramatic shift in the UK's digital-asset stance.
2025-10-15 02:28 4mo ago
2025-10-14 22:00 4mo ago
Elon Musk Mentions Dogecoin Again — Is The Meme Coin About To Rally? cryptonews
DOGE
Elon Musk waded back into the money-meets-energy debate on X today, endorsing Bitcoin and Dogecoin.

The Tesla CEO replied to a viral ZeroHedge thread that framed artificial intelligence as a government-funded arms race that will turbocharge monetary debasement. “True. That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy,” Musk wrote, aligning BTC’s value proposition with physical power constraints.

Minutes later, when community account Sir Doge of the Coin (@dogeofficialceo) added, “Dogecoin is also based on energy,” Musk replied with a simple “💯,” his first explicit nod toward DOGE in a while, rekindling a long-running price-sensitivity question around his posts.

Dogecoin is also based on energy pic.twitter.com/E8BMmAIdm9

— Sir Doge of the Coin ⚔️ (@dogeofficialceo) October 14, 2025

The market reaction, however, was muted. As of press time, Dogecoin traded near $0.196, lower on the day alongside broader crypto risk, with Bitcoin and Ethereum also in the red. Bitcoin was down on the session near $111k, while Ethereum slipped below $4k, underscoring a risk-off tape that likely blunted any “Musk effect” impulse.

Musk’s DOGE remarks arrive amid a separate swirl of Dogecoin-adjacent headlines that caught Washington’s and Wall Street’s attention over the last 48 hours. Representative Matt Gaetz amplified a viral thread, asking, “Is DOGE about to become the world’s great utility token? After being a meme?!” — a rhetorical riff that referenced news circulating about a planned public-markets pivot by House of Doge as the “corporate arm” of the Dogecoin Foundation.

Is DOGE about to become the world’s great utility token?

After being a meme?! https://t.co/wVXO7eijss

— Matt Gaetz (@mattgaetz) October 13, 2025

House of Doge intends to list on Nasdaq via a merger with Brag House Holdings under the ticker TBH, and they also tie House of Doge to a growing Dogecoin treasury effort at CleanCore Solutions, newly branded on the NYSE American as ZONE. The October 13 releases further assert that CleanCore now holds 730 million+ DOGE, targeting up to 1 billion DOGE in the near term and, longer-run, “up to 5%” of circulating supply.

Why Hasn’t The Dogecoin Price Reacted Positively?
Historically, Musk’s DOGE interactions have triggered sharp, if often fleeting, price responses. During late 2024, for example, a single “true” reply in a payments-context thread coincided with a pop as traders extrapolated X-payments tie-ins, and the October 2024 launch of a dedicated account for its payments initiative on X.

More recently, in June 2025, DOGE jumped 3% after Musk defused a political spat. The common denominator: reflexive liquidity and headline-driven order flow that fades unless there’s a real impact on the meme coin. Today’s sequence fits that pattern — a high-engagement Musk quip, immediate social virality, but price constrained by macro tape and the absence of a concurrent, verifiable product or policy reveal.

So why didn’t DOGE “go to the moon” on the 💯? First, the tape matters. With majors heavy, meme-beta typically underperforms. Second, the information content of the post is modest: Musk endorsed an energy-based framing and acknowledged a community meme — not a new X Payments feature, not a Tesla-commerce integration, not a tangible DOGE settlement rail. Markets have learned to differentiate between tone and transaction.

At press time, DOGE traded at $0.19862.

DOGE rejected at the 0.382 Fib, 1-day chart | Source: DOGEUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
2025-10-15 02:28 4mo ago
2025-10-14 22:00 4mo ago
$610M ‘black swan' crash shakes XRP – Can bulls recover? cryptonews
XRP
Journalist

Posted: October 15, 2025

Key takeaways
Did XRP suffer a major liquidation event?
Over $610 million in long positions were liquidated on the 11th of October, the largest in XRP’s history.

Is the XRP market recovering after the crash?
Open Interest and Funding Rates are stabilizing, but price action remains cautious and volatile.

Ripple’s XRP is clawing its way back after one of its worst wipeouts in months.

More than $610 million in long positions were liquidated on the 11th of October across major exchanges, a shock some traders dubbed a “Black Swan” event.

However, buyers aren’t ready to give up just yet.

XRP liquidation shakes traders
The XRP market faced a historic flush-out over the weekend, with over $610 million in long positions liquidated across Binance, OKX, and Bybit.

It was the largest single-day liquidation event in XRP’s history.

Source: X

Leverage-heavy traders were blindsided by a sharp price drop, which triggered a wave of margin calls and stop-loss liquidations. 

Despite the turmoil, exchanges like Hyperliquid and Bybit quickly saw renewed long-term interest, with traders now betting on a fast recovery, even as short-term volatility remains high.

Futures market stabilizes post-crashout
2025-10-15 02:28 4mo ago
2025-10-14 22:00 4mo ago
$19 Billion Bitcoin And Crypto Wipeout: What Caused The XRP Price To Crash 50% In A Single Candle? cryptonews
BTC XRP
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The crypto market suffered a devastating $19 billion wipeout as XRP and Bitcoin (BTC) were caught in a brutal sell-off that shocked traders worldwide. Within minutes, XRP wiped out over 50% of its value, dropping down to $0.77 before partially rebounding, marking one of its steepest intraday losses in history. While early reports blamed political tensions following US President Donald Trump’s sudden tariff on Chinese imports, data now suggests that the crash was amplified by a major glitch in Binance’s internal pricing system, and other contributing technical factors. 

Catalysts Behind The XRP Price Crash And Crypto And Bitcoin Meltdown
Between October 10 and 11, XRP experienced a violent flash crash on Binance, plunging over 54% in a single 30-minute candle. In less than 24 hours, over a million traders were also liquidated. This unprecedented drop came during what analysts are now calling “the worst crypto liquidation event in crypto history,” with nearly $19.3 billion in open positions wiped out in a single day.

At first, much of the blame was directed at Trump’s announcement of 100% tariffs on Chinese tech imports, which triggered a wave of panic across global risk assets. However, the XRP and broader market collapse went far beyond normal macro-driven volatility. On-chain analysts traced the sequence to a $60 million spot market dump on Binance, which set off an internal pricing malfunction. Binance’s oracle system, which marks collateral values such as wBETH, BNSOL, and USDe, momentarily failed, possibly leading to forced liquidations across XRP and other major crypto assets. 

Source: Chart from Surf on X
This oracle mispricing allegedly turned a $60 million order into a $19 billion loss. XRP, being one of Binance’s most heavily leveraged assets, absorbed a significant amount of the impact as margin calls liquidated thousands of positions within minutes. A whale had reportedly opened $1 billion in short positions just before the Trump tariff announcement, adding more suspicion and fuel to the collapse. Binance later confirmed abnormal pricing and paid $283 million in restitution, but the damage to XRP and the broader market was already done. 

A Deeper Dive Into The Market-Wide Crash
Analysts say that the root cause of the $19 billion crypto market crash was Binance’s “Unified Account” system, which priced collateral using internal data instead of decentralized oracles. Between October 6 and 14, Binance was transitioning to oracle-based pricing, creating an exploitable 8-day gap. During that period, coordinated actors reportedly dumped $60 million to $90 million in USDe exclusively on Binance, driving its price to $0.65 while it stayed near $1 on other exchanges.

This artificial depeg within Binance’s system triggered widespread panic, as attackers were said to hold $1.1 billion in Bitcoin and Ethereum shorts on decentralized exchanges, profiting about $192 million as prices plunged. Analysts noted that Ethena’s USDe remained fully collateralized on all other exchanges, proving that the issue allegedly stemmed from Binance’s infrastructure, not the stablecoin. 

The combination of technical flaws, alleged manipulation, and tariff-driven fear transformed a contained exploit into a market-wide catastrophe. Despite the chaos, analysts remain cautiously optimistic about XRP’s recovery, predicting a strong rally to new ATHs soon.

XRP trading at $2.45 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts.
Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.
2025-10-15 02:28 4mo ago
2025-10-14 22:17 4mo ago
Bitcoin Tumbles As Trump Reignites China Trade Tensions; Ethereum, XRP, Dogecoin Fall: Analyst Says BTC 'Must' Reclaim This Level Or Drop Below $100K cryptonews
BTC DOGE ETH XRP
The comeback rally was short-lived as President Donald Trump’s latest trade barb against China sent leading cryptocurrencies lower on Tuesday.

CryptocurrencyGains +/-Price (Recorded at 9:30 p.m. ET)Bitcoin (CRYPTO: BTC)-1.83%$112,566.06Ethereum (CRYPTO: ETH)
               -3.26%$4,089.40XRP (CRYPTO: XRP)                         -4.03%$2.49Solana (CRYPTO: SOL)                         -3.42%$202.68Dogecoin (CRYPTO: DOGE)                         -4.50%$0.2037Bitcoin Sinks To $110,000Bitcoin plummeted to an intraday low at $110,029.49 as the apex cryptocurrency failed to sustain its recovery rally. Trading volume jumped 33% in the last 24 hours, signaling high selling pressure.

BTC's correction sent ripples across the market, sending Ethereum below $3,900 before a recovery to $4,000. XRP and Dogecoin also recorded sharp declines.

October hasn't panned out as expected, with BTC and ETH down 0.82% and 0.99% in a month that has historically generated good returns.

Cryptocurrency liquidations hit $690 million in the last 24 hours, with over $480 million in long positions erased from the market, according to Coinglass. 

Bitcoin's open interest fell 2.16% over the last 24 hours to $73 billion. Meanwhile, over 60% of Binance traders with open BTC positions were betting on the coin's rally as of this writing.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 9:30 p.m. ET)Doge Killer (LEASH)     +924.89%$4.31BNB Attestation Service (BAS)    
               +100.90%$0.09942ChainOpera AI (COAI )          +34.01%$10.64The global cryptocurrency market capitalization stood at $3.84 trillion, following a contraction of 2.74% in the last 24 hours.

Stocks Falter After Trump’s Latest China SalvoStocks also erased their gains on Tuesday. The S&P 500 fell 0.16% to end at 6,644.31, while the tech-heavy Nasdaq Composite closed down 2.21% to 22,521.70. The Dow Jones Industrial Average was the silver lining, gaining 0.4%, or 202.88 points, to close at 46,270.46.

The latest dip occurred after Trump said in a Truth Social post that China committed a “Economically Hostile Act” by refusing to buy U.S. soybeans and threatened to “terminate” cooking oil trade with them as "retribution."

Last week, Trump threatened "100% tariffs" on China over its "aggressive" stance on export controls, sending stocks and cryptocurrencies crashing.

Why BTC Needs To Reclaim $119,000Widely followed cryptocurrency analyst and trader Ali Martinez said BTC must reclaim $119,000 to keep bullish bias intact. 

A failure risks a correction to $96,530, they added, citing signals from Market Value to Realized Value Extreme Deviation pricing bands. 

The bands measure statistically significant deviations from Bitcoin's historical average price.

Blockchain analytics firm CryptoQuant, meanwhile, emphasized that reclaiming $115,000, a key resistance level, would establish "positive short-term momentum" for BTC.

Photo Courtesy: Marc Bruxelle on Shutterstock.com

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