Market Signal Briefing

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.

The author expresses only personal opinions and does not provide financial advice. The content is for informational purposes only and should not be considered as investment recommendations. The author assumes no responsibility for any investment decisions made based on this article. Always conduct your own research or consult with a financial advisor before making any investment choices. The author makes no guarantees regarding the data, and the user agrees that the author shall not be held liable for the user's use of the data.

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.

Coveo Solutions Inc. (CVO:CA) Q2 2026 Earnings Call October 30, 2025 5:00 PM EDT

Company Participants

Adhir Kadve
Louis Tetu
Laurent Simoneau - Founder, CEO & Director
Brandon Nussey - Chief Financial Officer

Conference Call Participants

Richard Tse - National Bank Financial, Inc., Research Division
Thanos Moschopoulos - BMO Capital Markets Equity Research
Paul Treiber - RBC Capital Markets, Research Division
David Kwan - TD Cowen, Research Division
Suthan Sukumar - Stifel Nicolaus Canada Inc., Research Division

Presentation

Laurent Simoneau
Founder, CEO & Director

"

Brandon Nussey
Chief Financial Officer

"

Richard Tse
National Bank Financial, Inc., Research Division

" National Bank Financial, Inc., Research Division

Thanos Moschopoulos
BMO Capital Markets Equity Research

" BMO Capital Markets Equity Research

Paul Treiber
RBC Capital Markets, Research Division

" RBC Capital Markets, Research Division

David Kwan
TD Cowen, Research Division

" TD Cowen, Research Division

Suthan Sukumar
Stifel Nicolaus Canada Inc., Research Division

" Stifel Nicolaus Canada Inc., Research Division

Operator

Good afternoon, ladies and gentlemen, and welcome to the Coveo Second Quarter Fiscal 2026 Financial Results Conference Call. [Operator Instructions] This call is being recorded on October 30, 2025.

I would now like to turn the conference over to Adhir Kadve, Head of Investor Relations. Please go ahead.

Adhir Kadve

Good afternoon, everyone, and thank you for joining us. With me to discuss Coveo's Fiscal second quarter 2026 results are Laurent Simoneau, Coveo's Co-Founder and Chief Executive Officer; Louis Têtu, Coveo's Executive Chairman; and Brandon Nussey, Coveo's Chief Financial Officer.

A reminder that some remarks made today will be forward-looking statements within the meaning of applicable securities laws, including those regarding our plans, objectives, expected performance and our outlook for the third fiscal quarter and full year fiscal 2026. These are forward-looking statements given as of October 30, 2025.

Recommended For You

VANCOUVER, BC / ACCESS Newswire / October 30, 2025 / Linear Minerals Corp. ("Linear" or the "Company") (CSE:LINE)(OTCQB:LINMF) (WKN:A2J C89) (the "Company") is pleased to announce that on October 29, 2025, the Supreme Court of British Columbia approved the Plan of Arrangement Agreement dated for reference August 1, 2025 (the "Arrangement") to spin out Company's Pontax West Lithium Property located in the Province of Quebec to the Company's subsidiary Westlinear Minerals Corp. ("Spinco"). Under the terms of the Arrangement, the Company's shareholders will be issued one share of Spinco with respect to every 10 shares of the Company owned on the share distribution record date (the "Share Distribution Record Date"), which will be determined by the Company's Board of Directors and announced by a separate news release in advance.

Travere Therapeutics, Inc. (TVTX) Q3 2025 Earnings Call October 30, 2025 4:30 PM EDT

Company Participants

Nivi Nehra - Vice President of Corporate Communications & Investor Relations
Eric Dube - President, CEO & Director
Jula Inrig - Chief Medical Officer
Peter Heerma - Chief Commercial Officer
Chris Cline - Chief Financial Officer
William Rote - Chief Research Officer

Conference Call Participants

Joseph Schwartz - Leerink Partners LLC, Research Division
Laura Chico - Wedbush Securities Inc., Research Division
Anupam Rama - JPMorgan Chase & Co, Research Division
Yigal Nochomovitz - Citigroup Inc. Exchange Research
Gavin Clark-Gartner - Evercore ISI Institutional Equities, Research Division
Mohit Bansal - Wells Fargo Securities, LLC, Research Division
Prakhar Agrawal - Cantor Fitzgerald & Co., Research Division
Maurice Raycroft - Jefferies LLC, Research Division
Jason Zemansky - BofA Securities, Research Division
Alexander Thompson - Stifel, Nicolaus & Company, Incorporated, Research Division
Joseph Pantginis - H.C. Wainwright & Co, LLC, Research Division

Presentation

Operator

Good afternoon, and welcome to the Travere Therapeutics' Third Quarter 2025 Financial Results Conference Call. Today's call is being recorded.

At this time, I would like to turn the conference call over to Nivi Nehra, Vice President, Corporate Communications and Investor Relations. Please go ahead, Nivi.

Nivi Nehra
Vice President of Corporate Communications & Investor Relations

Thank you, operator. Good afternoon, and welcome to Travere Therapeutics' Third Quarter 2025 Financial Results and Corporate Update Call. Thank you, all, for joining.

Today's call will be led by Dr. Eric Dube, our President and Chief Executive Officer. Eric joined in the prepared remarks by Dr. Jula Inrig, our Chief Medical Officer; Peter Heerma, our Chief Commercial Officer; and Chris Cline, our Chief Financial Officer. Dr. Bill Rote, our Chief Research Officer, will join us for the Q&A.

Before we begin, I'd like to remind everyone that statements made during this call regarding matters that are not historical facts are forward-looking

Recommended For You

Bright Horizons Family Solutions Inc. ( BFAM ) Q3 2025 Earnings Call October 30, 2025 5:00 PM EDT Company Participants Michael Flanagan - Sr. Director of Investor Relations Stephen Kramer - CEO, President & Director Elizabeth Boland - Chief Financial Officer Conference Call Participants Andrew Steinerman - JPMorgan Chase & Co, Research Division Keen Fai Tong - Goldman Sachs Group, Inc., Research Division Jeffrey Meuler - Robert W. Baird & Co. Incorporated, Research Division Manav Patnaik - Barclays Bank PLC, Research Division Toni Kaplan - Morgan Stanley, Research Division Joshua Chan - UBS Investment Bank, Research Division Harold Antor - Jefferies LLC, Research Division Ryan Griffin - BMO Capital Markets Equity Research Presentation Operator Greetings, and welcome to the Bright Horizons Family Solutions Third Quarter Earnings Release Conference Call.

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.

By Reuters

October 31, 20253:37 AM UTCUpdated ago

ESPN+ logo is displayed in this illustration taken on July 13, 2021. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

Oct 30 (Reuters) - Walt Disney's

(DIS.N), opens new tab networks, including ESPN and ABC, will go dark on Google's pay-TV platform YouTube TV

(GOOGL.O), opens new tab after failed contract negotiations, Variety and the Los Angeles Times reported late on Thursday.

Disney and Google did not respond to Reuters' requests for comment outside regular business hours.

Sign up here.

Reporting by Shubham Kalia in Bengaluru; Editing by Rashmi Aich

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

Invivyd, Inc. ( IVVD ) Discusses REVOLUTION Clinical Program and Development of VYD2311 Antibody for COVID Prevention October 30, 2025 8:30 AM EDT Company Participants Katie Falzone Marc Elia Robert Allen - Chief Scientific Officer Mark Wingertzahn - Senior Vice President of Clinical Development & Medical Affairs Timothy Lee - Chief Commercial Officer Conference Call Participants Joshua Schimmer - Cantor Fitzgerald & Co., Research Division Patrick Trucchio - H.C. Wainwright & Co, LLC, Research Division Thomas Shrader - BTIG, LLC, Research Division Presentation Operator Good day and thank you for standing by.

CNBC's MacKenzie Sigalos reports on Amazon's upbeat Q4 guidance as the company projects a $210 billion fourth quarter and investors rally behind signs of renewed growth in cloud.

October 30, 2025 11:43 PM EDT | Source: Blue Star Gold Corp.
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2025) - Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company") announces that it intends to complete a non-brokered private placement of up to $1,500,000 through the issuance of up to 6,000,000 flow-through common shares (each, a "FT Share") at $0.25 per FT Share (the "Private Placement"). The Private Placement is subject to the approval of the TSX Venture Exchange (the "Exchange").

The FT Shares will qualify as flow-through shares for purposes of the Income Tax Act (Canada). The Company will renounce said expenditures to the investors for the taxation year ending December 31, 2025.

All securities issued will be subject to a four-month and one day hold period pursuant to securities laws in Canada and, where applicable, the Exchange Hold Period. Finders' fees may be payable to qualified parties.

The Company intends to use the net proceeds from the Private Placement of FT Shares to incur Canadian exploration expenses (the "Qualifying Expenditures") on its projects in Nunavut prior to December 31, 2026, and the net proceeds from the Private Placement of Shares for general working capital purposes.

About Blue Star Gold Corp.

Blue Star is a mineral exploration and development company focused in Nunavut, Canada. Blue Star's landholdings total 300 square kilometres of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt. The Company owns the Ulu Gold Project, comprised of the Ulu Mining Lease and Hood River Property, and the Roma Project. A significant high-grade gold resource exists at the Flood Zone deposit (Ulu Mining Lease), and numerous high-potential exploration targets (gold and critical minerals) occur throughout the Company's extensive landholdings, providing Blue Star with excellent resource growth potential. The site of the future deep-water port at Grays Bay is 40 - 100 km to the north of the properties, and the proposed route corridor for the all-weather Grays Bay Road passes close by the Roma and Ulu Gold Projects.

Blue Star is listed on the TSX Venture Exchange under the symbol: BAU, the U.S. OTCQB Venture Market under the symbol: BAUFF, and on the Frankfurt Exchange under the symbol: 5WP0. For information on the Company and its projects, please visit our website: www.bluestargold.ca.

For further information, please contact:

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

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272698

CNBC's MacKenzie Sigalos reports on Amazon's third-quarter earnings as investors zero in on cloud momentum and whether heavy AI infrastructure spending is starting to show returns.

DULUTH, Ga.--(BUSINESS WIRE)--The latest Primerica Household Budget Index™ (HBI™) data, a monthly economic metric that examines how inflation and wage trends impact the ability of middle-income families to afford life’s everyday necessities, is estimated at 100.4% in September, a 0.2% increase from a month ago and up 0.6% from a year ago.

The Consumer Price Index (CPI), which measures inflation for a comprehensive basket of goods for all U.S. households, rose 3.0% in September compared to a year ago marking the highest rate since June 2024. Adjusting the CPI to narrow the impact of inflation to focus specifically on middle-income families and their purchase patterns, inflation rose to 3.4% year over year. The cost of necessity items as used in the HBI™ metric (food, utilities, gas, auto insurance, and health care) for middle-income Americans is up 3.2% year over year.

For more information on the Primerica Household Budget Index™ metric, visit www.householdbudgetindex.com.

Note on Availability of Primerica HBI™ Data

Primerica’s Household Budget Index™ (HBI™) metric is constructed monthly using current and historical government data including information from the U.S. Bureau of Labor Statistics (BLS) and the U.S. Census Bureau (Census). As a result of the government shutdown that began October 1, 2025, the BLS published the delayed September Consumer Price Index (CPI) report on Friday, October 24 and release of economic data and active data collection has ceased. Primerica generated September HBI™ data with an estimated value for the Census data that will be updated once the September data becomes available. However, no data collection by the BLS or Census is expected to occur for the month of October, thus Primerica will be unable to release HBI™ data in November. If these circumstances continue, there may be an impact on the timing or content of future HBI™ data. The HBI™ metric will resume once the data is available again.

About the Primerica Household Budget Index™ (HBI™) Data

The Primerica Household Budget Index™ (HBI™) data is constructed monthly on behalf of Primerica by its chief economic consultant Amy Crews Cutts, PhD, CBE®. The index measures the purchasing power of middle-income families with household incomes from $30,000 to $130,000 and is developed using data from the U.S. Bureau of Labor Statistics, the U.S. Bureau of Census, and the Federal Reserve Bank of Kansas City. The index looks at the cost of necessities including food, gas, auto insurance, utilities, and health care and earned income to track differences in inflation and wage growth.

Primerica’s HBI™ metric was created to fill an information void around the economy’s impact on middle-income families. Metrics like the Consumer Price Index (CPI) measure overall inflation but don’t offer a clear picture of how it impacts middle-income Americans. Middle-income households play a key role in driving consumer spending and the overall economy as they account for over 55% of the U.S. population. The purchasing power of middle-income families are a key barometer of real-time economic trends. Understanding middle-income households’ purchasing power is important because it shows whether they are gaining financial ground or falling behind.

The HBI™ data uses January 2019 as its baseline, with the value set to 100% at that point in time.

Periodically, prior HBI™ values may be modified due to revisions in the CPI series and Consumer Expenditure Survey releases by the U.S. Bureau of Labor Statistics (BLS). Beginning with the December 2024 release of the index, the expenditure weights have been updated to the most recent (Q1 2024) data and auto insurance has been added to the group of necessity items. For more information, visit householdbudgetindex.com.

About Primerica, Inc.

Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial products and services to middle-income households in North America. Independent licensed representatives educate Primerica clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. We insured over 5.5 million lives and had approximately 3.0 million client investment accounts on December 31, 2024. Primerica, through its insurance company subsidiaries, was the #3 issuer of Term Life insurance coverage in the United States and Canada in 2024. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol “PRI”. For more information, visit www.primerica.com.

Tech giants Apple and Amazon have defied industry predictions with better-than-expected financial results.

Apple's success is largely thanks to record-breaking iPhone sales, while Amazon's is down to cloud computing arm Amazon Web Services (AWS), in spite of last week's outage which knocked out thousands of websites.

AWS revenue accelerated 20.2% to $33bn (almost £25bn), which CEO Andy Jassy said was a pace it hadn't seen since 2022. AWS accounts for 60% of Amazon's total operating income.

Cloud growth has been a key focus for the company in the face of ever-growing pressure from rivals Google and Microsoft, which also reported revenue leaps this week.

Image:
While welcoming its latest results, Amazon has also issued a cautious sales outlook. File pic: Reuters

iPhone on the charge

With Donald Trump introducing punishing tariffs on India and China - the main manufacturing hubs for the iPhone - Apple's record revenue has been even more welcome for boss Tim Cook.

The tariffs cost Apple $1.1bn (£824m) during the past quarter and are expected to cost another $1.4bn (just over £1bn) during the final three months of the year, but the new iPhone 17 range is a hit.

Consumers have been won over by a price point that didn't stray above last year's model, particularly in the US and Europe, leading to sales totalling $49bn (£36.1bn) during the July-September period - 6% up on last year.

Global market analyst IDC says almost 59 million iPhones were sold worldwide in the July-September quarter, putting Apple second behind Samsung at 61.4 million of their Android-powered phones.

Buoyed by the iPhone results, Apple earned $27.5bn (£21.4bn), or $1.85 per share (£1.44), nearly doubling its profit from a year ago. Revenue climbed 8% from a year ago to $102.5bn (£80bn).

Read more from Sky News:
Andrew to lose 'prince' title and move out of Royal Lodge
PM says chancellor will face no further action over rental issue

Image:
Tim Cook was famously once referred to by Donald Trump as 'Tim Apple'. Pic: Reuters

Wall Street analysts had been cautious about both companies, and their tech rivals, because of uncertainty caused by tariffs and whether investment in AI has been overplayed.

While welcoming its latest results, Amazon has issued a cautious sales outlook for the fiscal fourth quarter, citing continued Trump tariffs as a possible bump in the revenue road.

Companies, including Amazon, are introducing AI into nearly every facet of their operations in hopes of reducing costs and boosting productivity. There have been tens of thousands of job losses at US tech firms this year.

On Wednesday, Federal Reserve Chair Jerome Powell said he did not believe the AI boom was a speculative bubble like the dot-com era, when many companies were "ideas rather than businesses".

Today's AI leaders "actually have earnings," he said.

Strategy reported $2.8 billion Q3 net income versus $340 million loss year earlier periodCompany holds 640,808 bitcoins valued at $47.44 billion cost, $107,833 current Bitcoin priceStrategy reaffirmed $34 billion operating income and $20 billion Bitcoin gains guidance for 2025Strategy (NASDAQ: MSTR) reported net income of $2.8 billion for the third quarter of 2025, a sharp turnaround from a $340 million loss a year earlier.

The company reaffirmed its full-year guidance of $34 billion in operating income and $20 billion in Bitcoin gains, solidifying its position as the world’s largest corporate Bitcoin holder.

Sponsored

Strong Q3 Results Driven by Strategy Bitcoin AppreciationStrategy posted net income of $2.78 billion, or $8.42 per share, for the three months ended September 30. This compares with a loss of $340.2 million, or $1.72 per share, in the same period last year. Operating income reached $3.9 billion for the quarter.

CEO Michael Saylor announced the results on X: “Strategy announces Q3 2025 results & reaffirms 2025 guidance. Q3 results: $3.9B Operating Income, $2.8B Net Income, $8.42 Diluted EPS.”

The company’s profitability stems largely from gains on its Bitcoin holdings. As of October 26, 2025, Strategy held 640,808 bitcoins acquired at $47.44 billion, or $74,032 per bitcoin. With Bitcoin currently trading around $107,833, the company is sitting on substantial unrealized gains.

Strategy Bitcoin Treasury Model Creates Self-Reinforcing CycleStrategy’s business model has evolved into what industry observers call a “Bitcoin treasury company.” The company’s approach involves holding Bitcoin as its primary treasury reserve asset. This buy-and-hold strategy has fundamentally transformed how the market values the company.

Sponsored

Rising Bitcoin prices tend to appreciate Strategy’s stock price. This enables the company to raise additional capital through equity offerings. The capital is then reinvested into Bitcoin purchases, creating a self-reinforcing cycle. This model has inspired many other companies to adopt similar treasury strategies.

Accounting Changes Enable Profit RecognitionUntil the fourth quarter of last year, Strategy could only record impairment losses when Bitcoin’s value fell below its purchase price. Gains from price increases remained unrealized unless the cryptocurrency was sold. Changes to accounting treatment now allow the company to recognize gains from Bitcoin appreciation.

This accounting shift has transformed Strategy’s financial statements. The company can now report quarterly profits that reflect the market value of its Bitcoin holdings. This provides greater transparency into the economic reality of its Bitcoin treasury strategy.

Sponsored

Full-Year Guidance and Market PerformanceStrategy reaffirmed its full-year 2025 guidance. The company projects operating income of $34 billion and Bitcoin gains of $20 billion. Saylor emphasized the company’s unwavering commitment to its strategy, with no plans to hedge its Bitcoin position.

“Saylor has turned a public company into a treasury of the new age. While most CEOs chase quarterly validation, he’s building a parallel reserve system. Each report reads less like earnings – and more like prophecy fulfilled.”

MicroStrategy just sealed another chapter of corporate myth.
Q3 2025 Results:
Operating Income: $3.9B
Net Income: $2.8B
EPS: $8.46
And yet, the highlight isn’t cash flow – it’s conviction.

Full-year guidance?
$34B Operating Income
and a projected $20B gain from Bitcoin…

— The Master Builder (@KingsProtocol) October 30, 2025
Despite the strong Bitcoin performance and profitability, Strategy’s shares have declined approximately 12% year-to-date in 2025. This contrasts with Bitcoin’s 14.5% gain over the same period. The divergence suggests the market may be pricing in concerns about valuation, dilution from capital raises, or regulatory uncertainties.

Sponsored

However, shares rose nearly 4% after-hours trading following the earnings announcement. This positive reaction indicates continued investor interest in the company’s Bitcoin treasury model.

Broader Implications for Corporate Treasury ManagementStrategy’s success with its Bitcoin treasury approach has broader implications for corporate finance. US President Donald Trump’s focus on the digital asset sector and pledge to make America the global cryptocurrency hub have created a supportive regulatory environment. Strong ETF inflows have helped Bitcoin scale multiple record highs in 2025.

The company’s model demonstrates how corporations can use Bitcoin as a treasury reserve asset. This represents a departure from traditional cash management strategies that rely on short-term securities and bonds. As Bitcoin gains acceptance as an institutional asset class, more companies may consider similar treasury strategies.

Strategy’s quarterly results continue to validate the Bitcoin treasury company concept. The model transforms traditional notions of corporate treasury management and creates new frameworks for valuing companies that hold significant cryptocurrency positions.

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.

dYdX will not be able to offer perpetual futures trading in the U.S., but said it will look forward to future regulatory changes.

Canary Funds has officially filed an updated S-1 for its XRP spot ETF, removing the delaying amendment that previously stopped the registration from becoming auto-effective. This move transfers the timing control from the U.S. Securities and Exchange Commission (SEC) back to the issuer, putting the launch date on track for November 13, 2025, pending Nasdaq approval of the 8-A filing.

The filing update means that Canary is ready to bring XRP exposure to traditional markets, following the recent debut of the first Solana, Hedera, and Litecoin spot ETFs earlier this week. The XRP ETF, if approved, would be the first of its kind to give investors direct access to the price performance of XRP through a regulated exchange-traded product.

How the Auto-Effective Rule HelpsAs reported by Eleanor Terrett, by removing the delaying amendment, Canary’s filing now falls under Section 8(a) of the Securities Act of 1933. This section allows the registration to automatically become effective after a 20-day statutory waiting period, unless the SEC objects..

SEC Chair Paul S. Atkins recently said he was pleased to see companies taking advantage of this long-standing legal route, noting that it helps maintain market efficiency during times of limited government function. His comments, while not directly addressing the XRP ETF, were seen as an indirect endorsement of the method Canary and other issuers are using.

Industry ReactionsBloomberg ETF analyst Eric Balchunas described the update as “interesting,” explaining that the XRP ETF documents did not have the same level of back-and-forth with the SEC as Solana’s filing did. He added that while that might make approval less certain, it was still “worth a try.”

Crypto attorney Bill Morgan also shared excitement, saying it was good to see a specific target date for an XRP ETF launch. “Good to hear that a spot XRP ETF may go live on a specific date: 13 November,” he wrote.

What Could Affect the TimelineThe timing could still shift depending on how quickly the government reopens and whether SEC staff issue additional comments before the effective date. If Nasdaq clears the 8-A filing without delay, Canary’s XRP ETF could become active by mid-November, marking a significant milestone for Ripple and the broader digital asset industry.

With the success of recent Solana, Hedera, and Litecoin ETFs, the XRP community is watching closely to see whether this long-anticipated listing will finally bring one of crypto’s most established tokens into Wall Street’s mainstream spotlight.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Canary Funds' XRP spot ETF moves closer to launch after removing SEC delaying amendment.

Ethereum (ETH) is struggling to break above the $4,000 mark and regain a clear bullish structure, with price action tightening after several failed attempts to reclaim momentum. The market remains cautious following recent volatility, and traders are watching closely to determine whether ETH will resume its uptrend or continue drifting lower. Analysts are currently split: some argue Ethereum’s fundamentals remain strong, fueled by network activity, scaling advancements, and institutional traction, while others point to increasing downside pressure and weakening market structure that could lead to a deeper pullback.

Despite the uncertainty in price, fresh on-chain data signals growing confidence among long-term participants. According to Santiment, more than 200,000 ETH — worth approximately $780 million — have been withdrawn from exchanges over the past 48 hours, marking one of the largest short-term outflow spikes this quarter. Such activity typically suggests accumulation, as investors move assets into self-custody rather than keeping them on exchanges to sell.

Ethereum Supply on Exchanges | Source: Ali Martinez
This divergence between price hesitation and heavy accumulation reinforces the current market debate. With liquidity dynamics shifting, Ethereum sits at a pivotal moment, and its ability to reclaim $4,000 will likely determine whether bullish momentum re-emerges heading into November.

Large ETH Withdrawals Signal Investor Conviction As Market Shifts Toward Risk-On Environment
The recent wave of large Ethereum withdrawals from exchanges further reinforces a growing theme in the market: investor conviction is strengthening. With more than 200,000 ETH moved into self-custody within 48 hours, many participants appear confident in Ethereum’s medium-term outlook, suggesting accumulation rather than distribution. Historically, substantial exchange outflows have coincided with accumulation phases ahead of major market advances, especially when paired with favorable macro shifts.

For many analysts, Ethereum now sits at the center of a potential bullish impulse across altcoins. Despite its recent struggle to convincingly reclaim the $4,000 level, sentiment in the broader market remains constructive. ETH continues to benefit from fundamental tailwinds, including increasing network utility, expanding Layer-2 activity, and rising staking participation. If market conditions turn decisively risk-on, Ethereum’s role as the primary settlement and liquidity hub for the altcoin ecosystem positions it to lead capital flows.

Macro conditions are also aligning in ETH’s favor. With the Federal Reserve cutting interest rates by 25 basis points and signaling the end of quantitative tightening, global liquidity is expected to gradually improve. Historically, shifts toward monetary easing have accelerated inflows into risk assets — crypto included. As traditional markets anticipate a clearer pivot, investors may increasingly seek exposure to high-beta assets with strong structural narratives, and Ethereum fits that profile.

Ethereum Holds $3,900 as Price Compresses Below Key Moving Averages
Ethereum (ETH) is trading near $3,905, holding a key support region but struggling to reclaim upside momentum as price remains capped beneath major moving averages. After failing to sustain moves above the $4,200 resistance area earlier this month, ETH has drifted lower into a tightening range, reflecting indecision and reduced volatility following recent macro-driven swings.

ETH consolidates around $3,900 level | Source: ETHUSDT chart on TradingView
The chart shows ETH trading below both the 50-day (blue) and 100-day (green) moving averages, which currently sit just above price and are acting as dynamic resistance. For bulls, reclaiming these levels — particularly a daily close above $4,050–$4,150 — would be a constructive sign that momentum is shifting back in favor of buyers. Such a reclaim could open a path toward retesting $4,300–$4,500, where recent supply pressure has consistently emerged.

On the downside, the $3,800 level remains the primary support to watch. A sustained break below this zone could expose ETH to lower levels near $3,500, especially if broader market sentiment weakens. However, the 200-day moving average (red) remains well below the price near $3,200, signaling that the long-term bullish structure is still intact.

Featured image from ChatGPT, chart from TradingView.com

Riot Platforms has reiterated its strategy has evolved to “maximizing the value of our megawatts,” rather than just mining Bitcoin, despite posting record revenues in Q3 on the back of a Bitcoin production surge. 

During a conference call following the release of the firm’s Q3 results on Wednesday, Riot Platform’s vice president of investor relations, Josh Kane, indicated that while the firm is happy with its work in Bitcoin mining initiatives, its broader focus is now on “monetizing megawatts.”

“As our strategy has evolved, so has our approach to our Bitcoin mining business. We no longer see Bitcoin mining operations as the end goal, but instead as a means to an end, and that end is maximizing the value of our megawatts,” he said, adding: 

“Over time, this means transitioning the megawatts in our power portfolio for data center development. Ready-for-service power in the right locations is increasingly scarce and valuable, which in turn forms the basis for the enormous value creation opportunity ahead of us.”As per the firm’s Q3 report, Riot posted a record quarterly revenue of $180.2 million, up 112.5% from Q3 2024 and net income of $104.5 million compared to a net loss of $154.4 million the year before. 

The firm also saw a 27% increase in Bitcoin (BTC) mining production year-over-year, mining 1,406 BTC in Q3 and taking its total tally up to 19,287 BTC, worth over $2.1 billion at current prices. 

Notably, 90% of Riot’s Q3 revenue came from its Bitcoin mining ventures, indicating the firm still has a significant reliance on digital gold. 

Commenting on this, Kane said Riot will continue to maximize potential in Bitcoin mining but will use the funds to support its data center-focused plans.  

“We will continue to utilize the opportunity Bitcoin mining brings to secure power and drive strong cash flow that we will leverage to support the ongoing transformation of our overall business,” he said. 

Will Bitcoin mining just be a side hustle? Riot started laying the groundwork for a diversification strategy at the beginning of this year, after the firm paused building out any further Bitcoin mining projects at Corsicana, instead seeking out new opportunities to set up high-performance infrastructure geared toward AI.

Alongside the financial results, the firm announced the “initiation of the core and shell development” of the first two buildings on its Corsicana Data campus in Texas, which will account for a “combined 112 megawatts of critical IT data center capacity.”

Moving forward, the Riot executives outlined their intentions to fill every spare bit of land at Corsicana, eventually turning it into a “1 gigawatt utility-load data center campus.”

“It’s all under the lens of maximizing the value of all of the megawatts that we have, trying to leave no unutilized power while we aggressively build out the data center business. Eventually, we aim to have the entire site be a one-gigawatt utility-load data center campus,” noted CEO Jason Les. 

Magazine: Mysterious Mr Nakamoto author: Finding Satoshi would hurt Bitcoin

Rebeca Moen
Oct 31, 2025 01:23

U.S. Bitcoin ETFs experienced a $470 million outflow, ending a four-day inflow streak as investors react to market conditions and Federal Reserve signals.

U.S. spot Bitcoin exchange-traded funds (ETFs) have experienced a significant shift as they recorded $470.7 million in net outflows on Wednesday, according to CoinMarketCap. This development marks the end of a four-day streak of inflows, which had previously brought in approximately $462.7 million.

Market Dynamics and Investor Strategies
The outflows come as investors recalibrated their portfolios, taking profits and adjusting positions in anticipation of Federal Reserve Chair Jerome Powell's remarks. The market had been buoyant, with the anticipation of potential rate cuts in the U.S., yet Bitcoin prices did not rally as expected.

Data from SoSovalue indicates that the 12 spot Bitcoin ETFs collectively saw these outflows on October 29. Notably, Fidelity’s FBTC and ARK 21Share’s ARKB accounted for significant portions of these outflows, reflecting investor sentiment and market adjustments.

Federal Reserve's Influence
Adding to the market's uncertainty, Fed Chair Jerome Powell has cast doubt on the possibility of further rate cuts within the year. This has led investors to reassess their positions in Bitcoin ETFs, as monetary policy continues to play a pivotal role in investment strategies.

This adjustment in ETF flows highlights the sensitivity of cryptocurrency markets to macroeconomic indicators and central bank communications. As investors continue to navigate these dynamics, the volatility and rapid shifts in asset flows underscore the complex relationship between traditional financial policies and digital asset investments.

For further insights, the original article can be found on CoinMarketCap.

Image source: Shutterstock

bitcoin
etfs
cryptocurrency

Elon Musk's space exploration company, SpaceX, has once again made headlines in the crypto world after executing its third major Bitcoin transfer within 10 days. The latest on-chain movement comes at a time when Bitcoin's price has dropped below $110,000, adding fuel to speculation about Musk's next big move.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin (BTC) is struggling to hold the $110,000 support level as price pressure intensifies heading into the final days of the month. Market structure remains fragile following recent volatility, and several analysts warn that BTC could still retest lower demand zones before establishing a stronger base. With liquidity pockets sitting below current price and sellers showing persistence near resistance, short-term downside cannot be ruled out as traders reassess positioning after the Federal Reserve’s policy shift.

However, not all signals point to weakness. Many investors remain optimistic as macroeconomic conditions begin favoring risk assets once again. The Fed’s recent 25bps rate cut and confirmation that quantitative tightening will end by December 1st have laid the groundwork for what some view as the early phase of a new liquidity cycle — historically constructive for Bitcoin’s long-term trajectory.

On-chain data also supports a calmer market environment. Over the past month, the activity of old coins has remained moderate, with long-term holders showing no signs of panic selling. This behavior suggests conviction among seasoned market participants, even as BTC navigates short-term turbulence. Collectively, these dynamics frame a market in transition: tactically cautious, yet strategically positioned for potential upside.

Low ASOL Activity Signals Strong Holder Conviction
According to on-chain insights highlighted by top analyst Axel Adler, Bitcoin’s recent spending behavior among long-term holders remains remarkably stable, underscoring strong market conviction even as price struggles to hold above key support. Adler points to the Average Spent Output Lifespan (ASOL) — a metric that measures the average age of coins being moved on-chain — noting that while there were short-lived upticks to 245 days on October 8 and 209 days on October 21, these signals were far weaker than the heavy long-term holder activity seen in spring and June.

Bitcoin ASOL | Source: Axel Adler
This distinction is important: during those earlier periods, older coins moving signaled meaningful distribution events, often preceding corrective phases. In contrast, the recent mild increases indicate no widespread desire among long-term holders to exit positions. The 30-day ASOL moving average currently sits near 111 days, which Adler characterizes as a structural baseline — a zone consistent with healthy consolidation rather than distribution.

In practical terms, this means seasoned holders remain patient, showing no urgency to take profits, despite macro uncertainty and short-term volatility. At the same time, incoming liquidity continues to absorb supply, as referenced in this week’s Substack commentary. This absorption dynamic is crucial: it reflects a market where available Bitcoin is gradually tightening, enabling price stability even as speculative flows remain constrained.

Collectively, these on-chain conditions suggest a foundational phase rather than exhaustion. As liquidity improves and macro headwinds ease, this quiet conviction among long-term holders could form the groundwork for the next significant leg higher — once demand meaningfully re-accelerates. For now, the market remains calm beneath the surface, a posture historically associated with accumulation phases and future expansion rather than broader distribution or capitulation.

Bitcoin Holds Above $110K But Faces Rejections Below Resistance
Bitcoin (BTC) is trading near $110,100, attempting to stabilize after another sharp rejection from the $117,500 resistance area — a level that has consistently capped upside attempts since mid-August. The 12-hour chart shows a repeat pattern: each move toward the upper range fades near the cluster of moving averages, with sellers stepping in aggressively at resistance and forcing BTC back into its mid-range support zone.

BTC testing low-range level | Source: BTCUSDT chart on TradingView
BTC is currently holding above a key demand band between $108,500 and $110,000, an area that previously acted as a pivot during late-September and early-October price action. Maintaining this zone is critical for bulls. A breakdown here would expose Bitcoin to the $104,000–$106,000 region, where price wicked during the October 10 liquidation flush.

On the upside, a structural shift requires BTC to reclaim the 50- and 100-period moving averages on the 12h timeframe and establish a foothold above $114,500. Only then would momentum build for another test of $117,500, with a confirmed breakout opening a path toward $120,000–$123,000.

For now, Bitcoin remains range-bound, caught between macro optimism and lingering supply pressure. With volatility compressing again, the next strong move is likely to come once the market digests recent policy shifts and liquidity flows begin redirecting decisively.

Featured image from ChatGPT, 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.

Sign Up for Our Newsletter!
For updates and exclusive offers enter your email.

Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.
As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community.
To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.
Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance.
Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.

Canary Funds has filed an updated S-1 registration statement for its XRP spot exchange-traded fund (ETF), signaling a bold step toward automatic approval. The amendment removes the “delaying clause” that previously allowed the U.S. Securities and Exchange Commission (SEC) to control the filing’s effective date. With this change, the XRP ETF could automatically become effective under Section 8(a) of the Securities Act of 1933, setting up a potential launch date of November 13, pending Nasdaq’s listing approval.

FOX Business reporter Eleanor Terrett revealed that this strategic update positions Canary’s XRP ETF for an automatic go-live without waiting for explicit SEC clearance. The timing coincides with a partial government shutdown that has slowed regulatory reviews, prompting issuers to explore auto-effective mechanisms. Unless the SEC intervenes with new comments or objections, Canary’s ETF could debut following the 20-day statutory period.

The fund aims to provide institutional exposure to XRP, reflecting its market value minus operational costs and liabilities. According to the revised prospectus, the ETF will trade on Nasdaq and track the CoinDesk XRP CCIXber Reference Rate, which aggregates XRP prices across major trading platforms. Gemini Trust Company and BitGo Trust Company are named as custodians for the underlying XRP holdings, ensuring secure asset management.

Industry analysts have called this a bold but calculated move. Bloomberg’s Eric Balchunas noted that, unlike other issuers such as Solana, Canary pursued minimal back-and-forth with the SEC—a strategy that could accelerate approval but carries uncertainty.

This filing follows growing momentum for XRP-linked institutional products. Evernorth recently listed its XRPN product on Nasdaq after a $1 billion XRP purchase, and other crypto ETFs featuring Bitcoin, Ethereum, Solana, and Hedera have entered the pipeline. If approved, Canary’s XRP ETF would mark a major milestone for XRP’s mainstream financial adoption.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Tether, the world's largest stablecoin issuer, has taken another major step into the global financial landscape. Recent disclosures reveal that Tether now holds approximately $135 billion worth of U.S. Treasury bills, making it the 17th largest holder of U.S. debt — surpassing entire nations such as South Korea.

Hedera (HBAR) has captured investor attention after a notable 26% weekly rally, driving renewed optimism across the crypto market. The sharp price increase has boosted portfolio values and stirred bullish sentiment among traders. However, on-chain data and technical indicators reveal warning signs that the momentum may not be as organic—or sustainable—as it appears.

The surge in HBAR’s weighted sentiment suggests a rapid rise in investor optimism, closely tied to the launch of Canary Capital’s spot HBAR exchange-traded fund (ETF) earlier this week. The ETF debut ignited social buzz and amplified discussions around Hedera, pushing expectations for short-term gains. Yet, historical trends show that sudden spikes in enthusiasm often precede corrections, as traders rush to capitalize on quick profits.

While sentiment appears bullish, technical indicators tell a different story. The Chaikin Money Flow (CMF) indicator—used to track capital inflows—shows little evidence of new money entering the market. This lack of strong buying pressure raises concerns about the sustainability of the uptrend. Low inflows paired with high trading activity often signal an overheated market, increasing the likelihood of a pullback as liquidity tightens.

At present, HBAR trades around $0.2048, testing resistance near $0.212. If investor enthusiasm fades and profit-taking begins, the token could slip below $0.200, potentially falling toward $0.178. Conversely, if inflows rise following the ETF’s introduction, HBAR may reclaim $0.217 and aim for $0.23, signaling continued bullish strength.

Ultimately, while Hedera’s rally has reignited short-term optimism, sustaining this momentum will require genuine capital inflows and steady investor confidence—without which the current uptrend could quickly lose steam.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>