Market Signal Briefing

Following Bitcoin’s (BTC) brutal sell-off on October 9, which saw the top cryptocurrency by market cap flash crash to $102,000 before recovering most of its losses, on-chain signals now show that there has been a noticeable decline in the Bitcoin network usage for most of 2025.

Bitcoin On-Chain Fundamentals Losing Strength?
According to a CryptoQant Quicktake post by contributor TeddyVision, Bitcoin’s Network Activity Index has been consistently trending below its 365-day moving average (MA) for most of 2025. The decline shows a structural slowdown in the Bitcoin network’s on-chain usage.

For the uninitiated, the Bitcoin Network Activity Index measures how actively users are interacting on-chain – tracking metrics like transaction counts, active addresses, and transfer volumes. A rising index suggests growing organic usage and adoption, while a declining one indicates slowing network engagement.

To recall, the Bitcoin network activity surged ahead of price back in 2023-24. At the time, Bitcoin price witnessed organic expansion in price, primarily driven by genuine on-chain usage.

However, the trend has changed significantly in 2025. For the most part, this year saw Bitcoin liquidity circulating off-chain, while on-chain traffic has dwindled. As a result, the Network Activity Index has tumbled below the 365-day MA.

Source: CryptoQuant
That said, BTC price has held between $100,000 to $120,000, creating a widening gap between the digital asset’s valuation and network fundamentals. The CryptoQuant analyst remarked:

Capital keeps rotating, but not expanding – most flows happen off-chain, through ETFs, custodians, and synthetic exposure, while genuine on-chain demand remains subdued.

TeddyVision stated that the recent capital rotation in the Bitcoin market is not indicative of its strength, but rather it is just “momentum running on fumes.” The analyst added that when the Bitcoin network usage stagnates while price keeps on increasing, valuations stop reflecting adoption and start tracking assumptions.

To conclude, although Bitcoin is not collapsing just yet, the fall in its network usage activity speaks volumes about its falling fundamentals. That said, all may not be over for BTC just yet.

In an X post, crypto analyst Titan of Crypto noted that the Bitcoin bull market is not over yet. The analyst stated that a Bitcoin bear market will only start if it loses the 50-day Simple Moving Average (SMA) on the weekly chart.

Source: Titan of Crypto on X
Q4 2025 Bullish For BTC?
While the recent flash crash to $102,000 may have spooked BTC bulls, several industry experts are still confident that the digital asset will continue to make new record highs in the last quarter of 2025.

Crypto market expert Ash Crypto recently predicted that BTC is likely to hit as high as $180,000 in Q4 2025. Similarly, fresh data from Binance suggests that BTC could be on track to $130,000.

In the same vein, noted crypto analyst Egrag recently forecasted that BTC only needs a minor catalyst to surge to $175,000. At press time, BTC trades at $114,076, up 0.8% in the past 24 hours.

Bitcoin trades at $114,076 on the daily chart | Source: BTCUSDT on TradingView.com
Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com

The Solana Foundation has struck a major partnership with Wavebridge, a Korean blockchain infrastructure firm, pushing towards a KRW stablecoin.

Summary

Solana and Wavebridge signed an MOU to co-develop a KRW-pegged stablecoin.
The project includes a tokenization engine, MMF initiatives, and education for Korean banks.
The partnership strengthens Solana’s role in institutional finance across Asia.

The Solana Foundation has entered a new strategic partnership with Korean blockchain infrastructure firm Wavebridge to develop a KRW-pegged stablecoin and institutional-grade tokenization products. 

The partnership is Solana’s (SOL) latest attempt to expand its practical financial applications in Asia, as reported by Maeli Business Newspaper on Oct. 14.

New partnership targets institutional finance
According to the agreement, Solana and Wavebridge will collaborate to develop a tokenization engine that will manage the issuance, verification, and compliance procedures for Korean won stablecoins. The system will include features like whitelist management and transaction control to ensure reliability for banks and financial institutions.

Additionally, as part of the partnership, Korean banks will receive on-chain training, money market fund tokenization will be promoted, and Solana’s presence in the nation’s blockchain ecosystem will be expanded.

Wavebridge is an expert in providing institutions with digital asset infrastructure, which includes custody and prime brokerage services. The partnership aims to connect Korea’s regulatory framework, which is progressively moving toward stablecoin oversight, with Solana’s global blockchain capabilities.

Momentum in KRW stablecoin sector 
With initiatives like Sui’s retail-focused collaboration with t’order, KRW1 on Avalanche, and KRWT by Frax entering pilot or live phases, South Korea’s drive for KRW-based stablecoins has accelerated in 2025. These initiatives aim to reduce reliance on USD-pegged assets and address the so-called “kimchi premium” that often skews local crypto prices.

Keeping up with Solana’s wider stablecoin momentum, the Solana–Wavebridge initiative joins this wave, focusing on institutional-grade use cases. According to Bitwise CIO Matt Hougan, Solana is emerging as “Wall Street’s preferred network for stablecoins” thanks to its low fees and high throughput. 

Recent integrations by Worldpay and Bullish Exchange further emphasize Solana’s growing role in on-chain settlements. The KRW stablecoin could help Korea adopt regulated decentralized finance by connecting banks, fintechs, and public blockchain networks through a compliant framework.

The project may also have an impact on guidelines that the Financial Services Commission is expected to release later this year.

XRP price started a fresh increase above $2.450. The price is now showing positive signs but faces a major hurdle near the $2.620 level.

XRP price is attempting a recovery wave above the $2.50 zone.
The price is now trading above $2.520 and the 100-hourly Simple Moving Average.
There is a key bearish trend line forming with resistance at $2.650 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could start a fresh decline if it settles below $2.50.

XRP Price Struggles Near Resistance
XRP price found support and started a strong recovery wave above $2.20, like Bitcoin and Ethereum. The price was able to climb above the $2.250 and $2.320 levels to enter a positive zone.

There was a decent increase above the 61.8% Fib retracement level of the downward move from the $3.05 swing high to the $1.40 swing low. However, the price seems to be facing a major barrier near the $2.650 level. Besides, there is a key bearish trend line forming with resistance at $2.650 on the hourly chart of the XRP/USD pair.

The price is now trading above $2.520 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.60 level.

Source: XRPUSD on TradingView.com
The first major resistance is near the $2.650 level and the trend line. It is close to the 76.4% Fib retracement level of the downward move from the $3.05 swing high to the $1.40 swing low. A clear move above the $2.650 resistance might send the price toward the $2.70 resistance. Any more gains might send the price toward the $2.720 resistance. The next major hurdle for the bulls might be near $2.80.

Another Drop?
If XRP fails to clear the $2.650 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.550 level. The next major support is near the $2.50 level.

If there is a downside break and a close below the $2.50 level, the price might continue to decline toward $2.30. The next major support sits near the $2.2680 zone, below which the price could continue lower toward $2.220.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now near the 50 level.

Major Support Levels – $2.50 and $2.30.

Major Resistance Levels – $2.60 and $2.650.

BlackRock CEO Larry Fink has referred to Bitcoin as a “digital gold” and acknowledged that the cryptocurrency now serves as a legitimate alternative asset.

House of Doge will merge with Brag House to become a Nasdaq-listed company, bringing over 837 million DOGE and $50 million in capital.The merger establishes House of Doge as the controlling shareholder, expanding Dogecoin’s utility.Despite the announcement, TBH shares fell 48% and DOGE slipped 0.8%, showing cautious investor sentiment amid market volatility.House of Doge, the commercial arm of the Dogecoin Foundation, has announced a pivotal merger with Brag House Holdings (TBH), setting the stage for a Nasdaq listing.

The reverse takeover, unanimously approved by both boards, is expected to close in early 2026. The merger initiates a new era for Dogecoin, boosting its institutional profile by granting direct access to regulated financial markets.

Sponsored

Sponsored

Dogecoin’s Corporate Arm Takes Center Stage on Wall StreetThe firm announced the merger on October 13 via a press release. The deal brings together over 837 million DOGE under management and more than $50 million in investment capital.

As part of the agreement, Brag House will issue approximately 594 million shares of common stock, along with 69.25 million convertible securities. Most of these newly issued shares will go to current House of Doge shareholders, making House of Doge the majority owner of the combined entity. Brag House’s existing shareholders will retain a minority stake.

Furthermore, Marco Margiotta, founder of PayFare, will be appointed CEO of the combined company. Lavell Juan Malloy II, CEO and co-founder of Brag House, will remain on the board to ensure strategic continuity.

“What started as a community-led ambition has matured into an infrastructure engine for Dogecoin. By going public through this merger, we’re opening access and unleashing the next wave of innovation, institutional participation, and mainstream utility for Dogecoin,” Margiotta stated.

Mainstream Adoption: Expanding Dogecoin Utility and Gen Z ReachThe new company seeks to expand far beyond Wall Street. The merger creates a multi-revenue-stream digital asset management platform linking payments, tokenization, gaming, and yield opportunities for the global Dogecoin community.

Sponsored

Sponsored

Meanwhile, Brag House will continue to operate as an autonomous vertical within the new structure, serving as Dogecoin’s first institutional entry point into the college gaming and sports ecosystem.

The firm will help bring Dogecoin to college campuses, targeting Gen Z’s $350 billion annual spending. This focus enables Dogecoin to move beyond memes, supporting real-world transactions and encouraging broad adoption in commerce and social circles.

“By embedding Dogecoin into the fabric of Gen Z’s experiences, across college campuses, sports, gaming, and communities, we are not merely creating new business lines; we are unlocking a multi-billion-dollar avenue to mainstream digital currency acceptance and shareholder value creation. Brag House is now well-positioned as the public company vehicle for the next generation of global finance, a widely accepted, culturally integrated, and institutionally supported currency,” Juan Malloy II added.

Market ImpactNonetheless, the news has not strengthened investor confidence. According to Google Finance data, Brag House Holdings’ (TBH) shares plummeted 48.33%, closing at $1.24 on the NASDAQ.

Brag Holdings Stock Performance. Source: Google FinanceDogecoin (DOGE) also experienced a modest decline amid broader market volatility. BeInCrypto Markets data showed that the dog-themed cryptocurrency slipped 0.81% over the past 24 hours. At the time of writing, it was trading around $0.207.

Dogecoin (DOGE) Price Performance. Source: BeInCrypto MarketsDespite the short-term pullback, CoinGecko data indicates that community sentiment remains largely positive. Around 72% of users remain bullish on DOGE, suggesting that retail traders still see potential for recovery if broader market conditions stabilize.

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.

The token found strong demand near $0.20 as institutional flows persisted, even as broader markets reacted to shifting trade rhetoric and renewed regulatory scrutiny following House of Doge’s Nasdaq debut.Updated Oct 14, 2025, 4:56 a.m. Published Oct 14, 2025, 4:56 a.m.

Dogecoin traded volatile through the October 13–14 session, slipping 1% after failing to sustain a breakout above $0.22. The token found strong demand near $0.20 as institutional flows persisted, even as broader markets reacted to shifting trade rhetoric and renewed regulatory scrutiny following House of Doge’s Nasdaq debut.

News BackgroundMarkets steadied after the Trump administration softened its tone on China tariffs, triggering a partial rebound in risk assets. DOGE bounced from $0.18 lows earlier in the week to test $0.22 resistance before profit-taking emerged. The listing of House of Doge — the meme coin’s affiliated entity — via reverse merger on Nasdaq has amplified corporate exposure to digital assets, but also raised regulatory compliance challenges for institutional investors.

STORY CONTINUES BELOW

“The participation patterns we’re seeing — strong morning sell volume and disciplined evening accumulation — are hallmarks of active institutional management,” said a senior strategist at a digital asset trading desk. “Treasury teams are hedging volatility but not exiting positions.”

Price Action SummaryDOGE fluctuated between $0.20–$0.22 from Oct. 13 03:00 to Oct. 14 02:00, closing at $0.21.Resistance capped at $0.22 after a 21:00 rejection on above-average volume.Heavy institutional buying appeared near $0.20 during 11:00 session with 1.52 B tokens traded.A liquidation burst at 01:54 drove $0.21 breach on 39.6 M volume as algo selling triggered stops.Session stabilized around $0.21 with consistent accumulation into close.Technical AnalysisDOGE continues to oscillate within a $0.20–$0.22 band, consolidating recent 11% gains. Support remains well-defined at $0.20 with multiple high-volume rebounds. The $0.22 ceiling has now been tested three times without sustained follow-through, forming a near-term pivot for momentum traders.
Volume concentration at $0.21 indicates institutional inventory building rather than panic distribution. Should price hold above $0.21 through the next session, upside targets re-emerge toward $0.23–$0.24; failure to defend $0.20 risks a retrace toward $0.18.

What Traders Are WatchingWhether DOGE can reclaim and hold $0.22 to confirm continuation toward $0.24.Signs of renewed whale inflows after 1.5 B tokens accumulated near $0.20 support.Corporate and regulatory headlines tied to House of Doge’s listing.Broader meme-coin sentiment as XRP and SHIB trade flat on declining volume.More For You

Total Crypto Trading Volume Hits Yearly High of $9.72T

Sep 9, 2025

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025

What to know:

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025Gate exchange emerged as major player with 98.9% volume surge to $746 billion, overtaking Bitget to become fourth-largest platformOpen interest across centralized derivatives exchanges rose 4.92% to $187 billionView Full Report

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Asia Morning Briefing: China Renaissance’s BNB Treasury Highlights a Shift in Asia’s Crypto Playbook

3 hours ago

Enflux says the $600 million plan reflects a new wave of Asian capital favoring infrastructure tokens that power transaction flow over store-of-value assets.

What to know:

China Renaissance plans to raise $600 million for a BNB-focused investment vehicle, signaling a shift in Asian crypto exposure strategies.Asian markets are building crypto-native liquidity networks, diverging from Western tokenized traditional finance.Gold prices hit a record high amid U.S.-China trade tensions, while Bitcoin remains stable and Ethereum sees increased activity.Read full story

Journalist

Posted: October 14, 2025

Key Takeaways
Why is USDe still a risk despite the isolated Binance de-peg?
The isolated de-peg triggered a broader contagion and can still happen without proper risk management. 

Will the industry learn from Friday’s flash crash?
It was a necessary stress test, sparking discussion among crypto leaders on the way forward. 

OKX founder Star Xu has called for a reassessment of some of the risks that triggered the crypto crash on 10 October.

In a statement, Xu singled out Ethena’s USDe, adding that its de-pegging risk can cause market-wide contagion like the Friday bloodbath. As a result, it should be treated as a ‘tokenized hedge fund,’ not a stablecoin. 

“It’s important to remind the market that USDe should not be viewed as a 1:1 pegged stablecoin — it’s a tokenized hedge fund.”

Although he is an early investor in Ethena, Xu believes that USDe isn’t designed to hold a hard peg to USD. Hence, robust risk controls are needed, or else everything could go bust in minutes.

“Treating USDe as a simple 1:1 stable asset could introduce systemic risks to the entire crypto industry in the future.”

Source: X

A painful lesson for leveraged traders
Xu’s statement was a response to a report by Ethena founder Guy Young. According to Young, last Friday’s USDe price dislocation was “not a true de-peg,” but an isolated case in Binance. 

USDe is designed to track the U.S dollar. However, it de-pegged and dropped by 35% on the Binance exchange and took a while before regaining the peg. 

The aftermath? Collateral swiftly fell below risk levels, triggering an escalated bloodbath for leveraged traders. It was a painful lesson on thin order books and microstructure. A whopping $19 billion worth of positions were wiped out in minutes – The largest in history, dwarfing the FTX collapse and the Covid events. 

Altcoins dropped by over 90% and access to Binance fluctuated, blocking market makers (MM) from coming to the rescue (bringing liquidity to solve the depeg). 

Haseeb Qureshi, Partner at VC Dragonfly, described the situation better. He equated it to a fire breakout, with MMs as firefighters. 

“It’s like a fire broke out on Binance, but all of the roads were blocked and firefighters couldn’t make their way in. This caused a wildfire to break out on Binance, but pretty much everywhere else.”

On-chain venues like Hyperliquid reacted with ruthless efficiency via auto-deleveraging (ADL). Positions were forcefully closed at punitive rates to ensure the platform is free from debt. 

At the time of writing, Binance had repaid over $280M to victims during the USDe de-peg. Especially traders that had coin margins (Who set USDe, and other coins as collateral).  

That being said, ENA recovered by over 10% like the rest of the market, with key players betting on further recovery. However, the overall market sentiment was still red at press time – A sign of short-term market caution. 

Source: Santiment

Memecoins were trading higher late Monday, as investors regained interest in speculative assets amid a broader crypto rally.

The Biggest GainersDogwifhat popped over 6% to become one of the market’s biggest gainers in the last 24 hours. The rally helped the Solana (CRYPTO: SOL)-based token pare its losses from the “Black Friday” bloodbath.

Bonk, another Solana-based memecoin, jumped over 5%, while Ethereum (CRYPTO: ETH)-based tokens such as Floki and Pepe also recorded significant spikes.

Meme heavyweight Shiba Inu lifted 1.75%, while Dogecoin (CRYPTO: DOGE) was largely unchanged at last check. The overall memecoin market capitalization increased by 0.71% to $60.66 billion in the last 24 hours.

MemecoinsGains +/-Pre-Market Price (Recorded at 12:20 a.m. ET)Dogwifhat (CRYPTO: WIF)+6.67%$0.5871Bonk (CRYPTO: BONK)+5.71%$0.00001623Floki (CRYPTO: FLOKI)+2.61%$0.00007483Pepe (CRYPTO: PEPE)+2.03%$0.000007651Shiba Inu (CRYPTO: SHIB)+1.75%$0.00001084See Also: Trader Who Made $160 Million Shorting Bitcoin, Ethereum Before Trump’s Tariff Threat Is Doubling Down: ‘Did Someone Know’

Memecoin Market WoesThe industry was battered during Friday’s sell-offs, wiping off roughly $16 billion in investor wealth in a jiffy. The year has also been challenging, with the total market value nearly halving from its peak of $115 billion at the start of the year.

The memecoin rally comes alongside a broader market rebound, with gains extending into Monday. Ethereum (CRYPTO: ETH) maintained its positive momentum, while Bitcoin (CRYPTO: BTC) took a breather after Sunday’s rally.

Benzinga Note: Investing in meme coins is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading

Read Next: 

Meme Coins vs. Utility Tokens: What This Alt-Season Reveals About Retail Investor Psychology
Photo courtesy: Digital Pixel On Shutterstock.com

Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Solana started a fresh increase above the $188 zone. SOL price is now consolidating above $200 and might aim for more gains above the $208 zone.

SOL price started a fresh upward move above the $185 and $188 levels against the US Dollar.
The price is now trading above $200 and the 100-hourly simple moving average.
There is a bullish trend line forming with support at $199 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could extend gains if it clears the $208 resistance zone.

Solana Price Jumps Further Above $200
Solana price started a decent increase after it settled above the $172 zone, beating Bitcoin and Ethereum. SOL climbed above the $180 level to enter a short-term positive zone.

The price even smashed the $188 resistance. The bulls were able to push the price above the 61.8% Fib retracement level of the main drop from the $225 swing high to the $155 low. Besides, there is a bullish trend line forming with support at $199 on the hourly chart of the SOL/USD pair.

Solana is now trading above $202 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $208 level and the 76.4% Fib retracement level of the main drop from the $225 swing high to the $155 low. The next major resistance is near the $218 level.

Source: SOLUSD on TradingView.com
The main resistance could be $225. A successful close above the $225 resistance zone could set the pace for another steady increase. The next key resistance is $242. Any more gains might send the price toward the $250 level.

Another Pullback In SOL?
If SOL fails to rise above the $208 resistance, it could start another decline. Initial support on the downside is near the $199 zone and the trend line. The first major support is near the $195 level.

A break below the $195 level might send the price toward the $190 support zone. If there is a close below the $190 support, the price could decline toward the $180 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.

Major Support Levels – $199 and $190.

Major Resistance Levels – $208 and $218.

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.

PHILADELPHIA & BONN, Germany--(BUSINESS WIRE)--Comcast Technology Solutions (CTS), a division of Comcast delivering media and connectivity innovations globally, today announced a major collaboration with Deutsche Telekom (DT) to introduce cutting-edge, whole-home WiFi Mesh technology in Europe.

This strategic partnership brings together Comcast’s cloud-based WiFi Mesh Platform, already deployed at scale in North America and Europe, with DT’s European market strength, to provide seamless, intelligent connectivity across the home. The solution enables customers to enjoy reliable, self-optimising WiFi coverage that adapts dynamically to device usage and home layouts.

"As expectations for seamless in-home connectivity continue to grow, we're focused on delivering high-performance, reliable solutions that meet those needs,” said Pedro Bandeira, Senior Vice President of Product and New Business at Deutsche Telekom. “Comcast’s proven technology supports our vision for future-ready broadband."

A WiFi Solution Built for Reliability, Innovation and Scale

The CTS Connectivity Platform includes mesh agents for both gateways and extenders, hosted cloud orchestration, and a suite of public APIs that integrate easily with DT’s back-end and customer-facing systems. Notably, the solution supports both legacy and modern broadband infrastructure, enabling backward compatibility while paving the way for scalable innovation.

Key features include:

Real-time WiFi optimisation including band steering, dynamic channel selection and reliable coverage across devices throughout the home.

Cloud-hosted analytics and controls delivered via data streams.

Seamless integration into DT’s customer experience platforms and apps.

Access to Comcast’s ongoing technology roadmap, enabling continuous innovation and future feature enhancements.

The collaboration also establishes a long-term services model for DT, providing software updates, release management, and telemetry support. By leveraging Comcast’s solution, DT benefits from enhanced speed-to-market while reducing dependency on legacy vendor infrastructure.

“We’re proud to launch a new stage in our relationship with Deutsche Telekom in Europe through this innovative WiFi solution,” said Fraser Stirling, Global Chief Product Officer at Comcast and Sky. “Together, we’re enabling a next-generation broadband experience that is scalable, reliable and intelligent.”

To learn more about Comcast Technology Solutions’ Connectivity Platform, visit:

https://www.comcasttechnologysolutions.com/connected-living

More information about Deutsche Telekom is available at:

https://www.telekom.com

JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Tuesday.

Here's what Wall Street expects:

Earnings per share: $4.84, according to LSEGRevenue: $45.4 billion, according to LSEGNet interest income: $24.16 billion, according to StreetAccountTrading Revenue: Fixed income of $5.3 billion, Equities of $2.97 billion, according to StreetAccountJPMorgan will give investors a view into how U.S. consumers and corporations fared in the third quarter.

If, as analysts expect, the major trends of the year continue — robust trading revenue, momentum in the Wall Street mergers-and-IPO rebound, and a resilient consumer — the bank's bumper year will likely continue.

So far this year, the biggest American banks have benefitted under the administration of President Donald Trump.

They've reaped higher trading revenue as upheaval from his trade policies has roiled markets around the world, forcing investors to reposition themselves. Investment bankers are busier thanks to a more relaxed stance toward mergers, and Trump's bank regulators have proposed ways to ease capital requirements and stress tests.

On top of that, stock market indices that are at or near record levels also bode well for the wealth management divisions of banks including JPMorgan, Goldman Sachs and Morgan Stanley.

As a result, big banks have outperformed regional lenders; the KBW Bank Index has climbed nearly 15% this year, while the KBW Regional Banking Index has dropped roughly 1%.

Goldman, Citigroup and Wells Fargo also report earnings Tuesday, with Bank of America and Morgan Stanley releasing results Wednesday.

This story is developing. Please check back for updates.

ASML logo is seen in this illustration taken February 16, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

SummaryCompaniesASML shares jump 32% since September 2AI megadeals boost hopes for chipmaking equipment demandBookings seen at 5.36 billion euros in Q3 -Visible AlphaNet income expected to rise by 1.4% in Q3 -LSEG IBES dataAnalysts seek clarity on ASML's capacity expansion plansOct 14 (Reuters) - Multi-billion dollar deals between AI firms and computer chipmakers are expected to strengthen top semiconductor equipment maker ASML's

(ASML.AS), opens new tab outlook when it reports third-quarter earnings on Wednesday.

Investors and analysts expect to see evidence that customers of the Dutch firm, such as TSMC

(2330.TW), opens new tab and SK Hynix

(000660.KS), opens new tab, are stepping up plans to expand capacity in 2026 and beyond.

Sign up here.

Expectations are high following a 32% run-up in ASML shares since September 2, against a 15% rise in the benchmark Philadelphia Semiconductor Index

(.SOX), opens new tab in the same period.

HOPES FOR AI DATACENTER EXPANSION FUEL CHIP MARKET RALLYIn July, ASML management said it was not sure revenue would grow in 2026, amid weakness at customers Samsung

(005930.KS), opens new tab and Intel

(INTC.O), opens new tab. Since then, AI megadeals have sparked a chip market rally on hopes for massive datacenter expansion.

New bookings, the industry's most closely watched figure at ASML, are forecast at 5.36 billion euros ($6.21 billion) in the third quarter, say analysts polled by researcher Visible Alpha. In the first half, new bookings totalled 9.48 billion euros.

The company is also expected to report a 1.4% increase in third-quarter net income to 2.11 billion euros from a year earlier, according to LSEG IBES data.

Firms, including Meta

(META.O), opens new tab and Oracle

(ORCL.N), opens new tab, announced deals with chip suppliers including NVIDIA

(NVDA.O), opens new tab, AMD

(AMD.O), opens new tab, Intel and Samsung. All of these spell impending demand for ASML tools, essential for creating the circuitry of chips.

"It's clear that the sentiment has changed, management will need to give some indication of what they are seeing in the market," said Morningstar analyst Javier Correonero.

CAN CUSTOMERS INFLUENCE SPEED OF BUILDING PLANTS?But building chipmaking plants takes years, and analysts want ASML to explain to what extent customers are able to accelerate plans.

"Every memory chipmaker is likely to increase production capacity for AI - Micron

(MU.O), opens new tab, SK Hynix

(000660.KS), opens new tab, Samsung, even Chinese players," said Degroof Petercam analyst Michael Roeg.

At $300 million or more apiece, ASML's tools are the priciest equipment in a chip factory, but they have a lengthy delivery lead time of 8-12 months.

Chipmakers must balance the cost of ordering them too early or being unable to produce chips if they arrive too late.

During the COVID pandemic, ASML's order backlog soared as it was unable to meet demand. It has since been working to expand capacity.

Top customer TSMC

(2330.TW), opens new tab, which manufactures almost all advanced AI chips, is expected to increase purchases, and Intel's outlook has also improved, analysts said.

($1 = 0.8633 euros)

Reporting by Nathan Vifflin in Gdansk, Toby Sterling in Amsterdam; Editing by Matt Scuffham and Bernadette Baum

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

SummaryOur largest area of underperformance was Technology, where contrary to last quarter, the underperformance was pervasive, with only 6 of our 17 period-end holdings outperforming the benchmark.Strong returns were concentrated in the AI supply chain trade, with stocks levered to the massive capex cycle outperforming stocks that stand to be "hurt" by AI eating the world.Our trailing 12-month turnover increased to 20.3% while our trailing 3-year average annual turnover increased to 15.2%.Dragon Claws/iStock via Getty Images

The following segment was excerpted from The Ithaka Group Q3 2025 Commentary.

In a decisively positive market, Ithaka's portfolio lagged the R1000G during the third quarter, trailing the index by 940 bps (+1.2% to +10.5%, gross of fees). Stock selection detracted 790

Recommended For You

All is well for these two market leaders.

It hasn't been an easy year for equity markets. In times like these, though, it's important to remember that the buy-and-hold approach to stock investing remains one of the best and most accessible ways to grow wealth over time. So, rather than being rattled by current market volatility or economic uncertainty, it's more helpful to focus on finding companies that can perform well over the next few decades. While most corporations can't pull that off, here are two that have what it takes: Microsoft (MSFT 0.61%) and Shopify (SHOP 1.65%). These two companies have crushed the market this year, and there is plenty of upside left for patient investors.

Image source: Getty Images.

1. Microsoft
Microsoft was among the 10 biggest stocks by market cap in 2005. It remains the only member of the top 10 ranking of 2005 to maintain a spot on the list 20 years later. That's a testament to Microsoft's longevity. Even though past successes don't guarantee future outcomes, the tech leader still possesses the qualities of a corporation capable of thriving for the next two decades. Microsoft remains by far the dominant force in the market for computer operating systems (OS). Its Microsoft 365 productivity tools are part of the day-to-day lives and operations of millions of individuals and businesses.

That's no longer Microsoft's main growth driver, but the company's deep, long-standing enterprise relationships are helping its all-important cloud computing business perform well. The company's Azure platform hosts Microsoft 365 services. For businesses that already use the latter, there are many advantages to also using the former as opposed to some other cloud service. That, combined with the tech giant's relationship with OpenAI -- perhaps the leader in AI -- is helping Microsoft gain market share against its longtime rival in the cloud, Amazon. The latter still has the edge, but Microsoft has been growing its sales faster.

The great news is that there is still plenty of room to grow, as we are still arguably in the early stages of both the cloud and AI revolutions. As Amazon CEO Andy Jassy said, some 85% of IT spending still happens on premises. Further, Microsoft benefits from a strong economic moat thanks to high switching costs and a strong brand name. So, Microsoft can ride this tailwind over the next 20 years and deliver excellent returns to its shareholders once again. The company has crushed the market this year, and there is plenty more where that came from.

2. Shopify
Shopify was founded in 2006, so it didn't exist 20 years ago. Since it came on the scene, though, it has catapulted itself as one of the leading e-commerce companies in the world. In the U.S., Shopify holds a more than 12% market share by gross merchandise volume. How did Shopify accomplish this feat? The company helped revolutionize the way merchants set up online storefronts. Shopify provides all the tools its clients need on its website. It is easy to set up and use; there is no need to be an expert in coding, and the platform is highly customizable -- all things that were lacking before Shopify came around.

Shopify also offers marketing tools, payment processing, and more. The company has evolved with the internet, enabling sales across social media channels. It recently announced a deal with OpenAI that will allow its merchants to sell products directly through ChatGPT.

Shopify has been rewarded for its efforts as the e-commerce space has grown significantly over the past 19 years. Yet, even this industry is still on a long-term growth path. While it's impossible to know what the size of the sector will be in 20 years, its penetration remains pretty low -- 16.3% as of the second quarter -- even in the U.S. Further, Shopify operates in over 175 countries, but still makes most of its money in the U.S.

International expansions should be another powerful tailwind for the e-commerce specialist. Over the next 20 years, Shopify could perform very well as it remains a leader in the field and continues to innovate. Investors should consider hopping along for the ride.

Prosper Junior Bakiny has positions in Amazon and Shopify. The Motley Fool has positions in and recommends Amazon, Microsoft, and Shopify. 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.

In a market dominated by artificial intelligence growth stocks, PepsiCo is a contrarian pick that could deliver monster gains for patient investors.

Shares of PepsiCo (PEP -0.77%) popped 4.2% on Thursday in response to the company's third-quarter fiscal 2025 results. The stock continued to climb on Friday despite a brutal sell-off in the S&P 500.

For the quarter, organic revenue increased just 1.3% and core constant-currency earnings per share (EPS) were down 2%. But Pepsi reaffirmed its 2025 financial guidance, which includes low single-digit organic revenue and flat core constant-currency EPS compared to fiscal 2024.

Despite the poor results, investors are optimistic that PepsiCo can turn things around. The company is cutting costs through labor reductions and productivity gains that are expected to continue into the next fiscal year.

Here's why the company has what it takes to outperform the S&P 500 through 2030, and why it stands out as an excellent dividend stock for value investors to buy now.

Image source: Getty Images.

PepsiCo is open to change
On the earnings call, management said that its engagement with Elliott Investment Management, which took a $4 billion stake in PepsiCo, has been "very constructive and collaborative," especially regarding the company's plans through 2030. On the earnings call, CEO Ramon Laguarta said that he agreed with Elliott that the stock is undervalued and there are many opportunities to create shareholder value.

Activist investors like Elliott acquire large stakes in companies when they believe they have solutions to challenges. Elliott's 75-page report praised Pepsi for its international lineup of beverage and snack brands, but criticized the company's execution and its operations, suggesting a refranchised bottler network.

PepsiCo's vertically integrated bottling system is significantly different from its peer, Coca-Cola, which relies on a network of around 200 bottling partners worldwide. This structure makes it easier for Coca-Cola to pivot to changes in consumer preferences, economic conditions, and trade policy.

Laguarta said the phrase "sense of urgency" 10 times on the earnings call, aiming to usher in a new era of positive change. For now, these are just promises. Numbers will have to back up these claims.

That being said, PepsiCo's willingness to work with Elliott on portfolio transformation and cost reductions is a good sign that the company is taking its turnaround seriously and understands investor frustrations.

PepsiCo is responding to consumer demands
On the earnings call, management discussed investments in cost and portfolio transformation, as well as an increased emphasis on wellness and health-conscious consumers. Laguarta said the following in response to an analyst's question on shifting preferences toward healthier eating:

I think it's a secular trend as well that consumers will be more making choices based on clean labels, based on the ingredients in the food and not only the taste, but also the type of food that is in the brands. Therefore, some of the relaunches of the brands that we're making, whether it's Lay's or Gatorade or Tostitos, take that into consideration because I think they're very relevant going forward. Affordability is also a reality. I think when you look at low-income households or middle-income households, they're very stretched. Fixed costs of living are going up around the world. That will create the need for affordability and value and price points and cost consciousness also for the foreseeable future.

The company is recognizing the need to deliver value for consumers while also revamping its portfolio to cater to wellness trends. This isn't a new stance, as it recently acquired Sabra and Obela snack and dip products, Mexican-American food brand Siete Foods, and prebiotic soda brand Poppi. All of these brands focus on healthier options and mini-meals rather than heavily processed salty snacks.

Pepsi has market-beating potential
Although quarterly results were poor, the long-term investment thesis is strengthening as Pepsi looks to return to growth. The stock is a great buy for long-term investors who believe the company can turn around.

The stock is dirt cheap, with a forward price-to-earnings ratio of 18 and a dividend yield of 4.1%. The company has increased its dividend for 53 consecutive years, making it a Dividend King and a reliable source of passive income.

On average, the S&P 500 produces an annual total return (including dividends) of 9% to 10%. I think PepsiCo can outperform that total return through 2030 simply by growing earnings by 5% or more. If a stock is a good value (which PepsiCo is), then the stock price should grow at or above the earnings growth rate. If not, the valuation will get even less expensive.

A core part of Elliott's argument is that Pepsi's valuation will expand as its growth accelerates and it manages costs. In other words, investors will be willing to pay a high multiple relative to its earnings because the quality of those earnings is increasing. So I could see the company benefiting from better earnings growth and a valuation expansion over the next three to five years. PepsiCo's dividend alone already accounts for over a third of the total return needed to match the S&P 500 average.

All told, the stock is a no-brainer buy for value and passive income investors.

Daniel Foelber has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

A pump jack drills oil crude near Iraan, Texas, U.S., March 17, 2023. Picture taken through glass. REUTERS/Bing Guan/File Photo Purchase Licensing Rights, opens new tab

Oct 14 (Reuters) - Oil prices rose on Tuesday as early signs of a thaw in U.S.-China trade tensions bolstered market sentiment, alleviating concerns over global fuel demand.

U.S. Treasury Secretary Scott Bessent said on Monday President Donald Trump remains committed to meeting Chinese President Xi Jinping in South Korea later this month as both countries try to de-escalate tensions over tariff threats and export controls.

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He added that there were substantial communications between the two sides over the weekend and more meetings were expected.

Brent crude futures rose 18 cents, or 0.28%, to $63.50 a barrel by 0000 GMT, while U.S. West Texas Intermediate crude was at $59.65 a barrel, up 16 cents, or 0.27%.

In the previous session, Brent settled 0.9% higher, and U.S. WTI closed up 1%.

The prospect of improved trade relations between the world's two largest economies has historically buoyed oil markets, as investors anticipate stronger global growth and increased fuel demand.

However, recent developments, including Beijing's expanded export controls on rare earths and Trump's threats of 100% tariffs and software export restrictions starting November 1, have weighed on sentiment. Last week, oil prices posted weekly losses and touched their lowest levels since May.

Trump had also cast doubt on a potential meeting with Xi during the Asia-Pacific Economic Cooperation (APEC) summit in South Korea scheduled for October 30-November 1, saying on Truth Social that "now there seems to be no reason to do so."

While the selloff in markets now looks to be limited by Washington and Beijing's more conciliatory tone, geopolitics are expected to remain in the spotlight.

"The oil industry continues to navigate geopolitical issues," Daniel Hynes, an analyst at ANZ, said in a note.

"China announced that it would levy U.S.-owned ships arriving at its shores, including oil tankers. That sparked several last-minute cancellations and a jump in shipping rates," Hynes added.

Limiting the market's upside, Trump on Monday declared the end of the two-year-long Gaza war that has upended the broader Middle East.

Meanwhile, the Organization of the Petroleum Exporting Countries and allies including Russia said in its monthly report on Monday that the oil market's supply shortfall will shrink in 2026, as the wider OPEC+ alliance moves ahead with planned output increases.

Reporting by Anjana Anil in Bengaluru; Editing by Jacqueline Wong

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Investors should look beyond Nvidia and consider semiconductor stocks that combine strong AI fundamentals and reasonable valuation.

The artificial intelligence (AI) revolution is transforming every corner of the global economy. Nvidia, the company at the center of this revolution, continues to be a Wall Street favorite for all the right reasons. As an undisputed leader in accelerated computing, the company's hardware and software power much of the world's AI infrastructure buildout.

Shares of Nvidia have already surged over 43% so far in 2025. However, despite the massive demand for its Blackwell architecture systems, software stack, and networking solutions, the stock may grow quite modestly in future months. With its market capitalization now exceeding $4.6 trillion and shares trading at a premium valuation of nearly 30 times forward earnings, much of the optimism is already priced in.

Memory giant Micron (MU 6.12%), on the other hand, is still in the early stages of its AI-powered growth story. Shares of the company have surged nearly 128% in 2025, which highlights the increasing investor confidence in its high-bandwidth memory and data center portfolio. Yet, Micron could still offer investors higher returns in 2026, while riding the same AI wave. Here's why.

Image source: Getty Images.

Lower customer concentration risk
Wall Street has been highlighting one significant underappreciated risk for Nvidia. Nvidia's revenues depend heavily on a few hyperscaler customers, with two accounting for 39% and four accounting for 46% of its revenues in the second quarter of fiscal 2026 (ending July 27, 2026). Many of these hyperscaler clients are developing proprietary chips, which may offer a price-performance optimization in their specific workloads. This may reduce their dependence on Nvidia's chips in future years.

Micron's revenue base is significantly more diversified than Nvidia's. The company's largest customer accounted for 17% of total revenue, while the next largest contributed 10% in fiscal 2025 (ending Aug. 28, 2025). The company has earned over half of its total revenues from the top 10 customers for the past three years. The company has a reasonably broad customer base, including data center, mobile, PC, automotive, and industrial markets.

Hence, compared with Nvidia, Micron's lower concentration risk makes it more resilient in the current economy.

HBM demand and AI memory leadership
Micron's high-bandwidth memory (HBM) products, known for their superior data transfer speeds and energy efficiency, are being increasingly used in data centers. HBM revenues reached nearly $2 billion in the fourth quarter of fiscal 2025, translating into $8 billion annualized run rate.

Management expects Micron's HBM market share to match its overall DRAM share by the third quarter of fiscal 2025. The company now caters to six HBM customers and has entered into pricing agreements covering most of the 2026 supply of HBM third-generation extended (HBM3E) products.

Micron has also started sampling HBM fourth-generation (HBM4) products to customers. The company expects the first production shipment of HBM4 in the second quarter of calendar year 2026 and a broader ramp later that year.

Beyond HBM, Micron's Low-Power Double Data Rate (LPDDR) memory products are also seeing strong demand in data centers. The data center business has emerged as a key growth engine, accounting for 56% of Micron's total sales in fiscal 2025.

Hence, Micron seems well-positioned to capture a significant share of the AI-powered memory demand in the coming years.

Valuation
Micron appears to offer a stronger risk-reward proposition than Nvidia, even in the backdrop of accelerated AI infrastructure spending. The company currently trades at 12.3 times forward earnings, significantly lower than Nvidia's valuation. Hence, while Nvidia's premium valuation already assumes near-perfect execution and continued dominance, Micron still trades like a cyclical memory stock. This disconnect leaves room for modest valuation expansion to account for Micron's improving revenue mix toward high-margin AI memory products.

Wall Street sentiment is also increasingly positive for Micron. Morgan Stanley's Joseph Moore recently upgraded the stock from equal-weight or neutral to overweight and raised the target price from $160 to $220. UBS has reiterated its "Buy" rating and increased the target price from $195 to $225. Itau Unibanco analyst has initiated coverage for Micron with a "Buy" rating and target price of $249.

Analysts expect Micron's earnings per share to grow year over year by nearly 100% to $16.6 in fiscal 2026. If the current valuation multiple holds, Micron's share price could be around $204 (up 6% from the last closing price as of Oct. 9), with limited downside potential. But if the multiple expands modestly in the range of 14 to 16 times forward earnings, shares could fall in the range of $232 to $265, offering upside of 20% to 37.8%.

On the other hand, there remains a higher probability of valuation compression for Nvidia, leaving less room for growth. With diversified customers, increasing AI exposure, and reasonable valuation, Micron may prove to be the better semiconductor pick in 2026.

Manali Pradhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.

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October 13, 2025 10:04 PM EDT | Source: Goldgroup Mining Inc.
Vancouver, British Columbia--(Newsfile Corp. - October 13, 2025) - Goldgroup Mining Inc. (TSXV: GGA) (OTCQX: GGAZF)  ("Goldgroup" or the "Company") has, subject to regulatory approval, retained Machai Capital Inc. ("Machai") to provide digital marketing services on behalf of the Company.

Marketing Agreement

The Company has retained Machai, a marketing, advertising and public awareness firm having an office at 101-17565 58th Avenue, Surrey, BC, specializing in the metals & mining, technology, and special situations sectors. Suneal Sandhu is the President and sole owner of Machai and can be reached at (604) 375-0084. Machai will provide digital marketing services with branding, content and data optimization to assist the Company to create in-depth marketing campaigns, tracking, organizing and executing the Services through Search Engine Optimization (SEO), Search Engine Marketing (SEM), Lead Generation, Digital Marketing, Social Media Marketing, Email Marketing, and Brand Marketing. The services will be conducted in accordance with the applicable TSX.V policies. The marketing campaign will be launched immediately and continue through January 14, 2026, pursuant to which Machai will receive C$200,000 plus GST. Machai is arm's length to the Company and has no other relationship with the Company other than under the marketing agreement. The marketing agreement is subject to TSX.V approval.

About Goldgroup

Goldgroup is a Canadian-based mining Company with two high-growth gold assets in Mexico. The Company has a 100% interest in the producing Cerro Prieto heap-leach gold mine located in the State of Sonora. An optimization and exploration program is underway at Cierro Prieto to significantly increase existing production and resources.

In addition, the Company holds a 100% interest in the Pinos underground gold development project in Zacatecas State. Pinos is an advanced PEA level development project. Formerly a producing mine, the Company is commissioning an updated PEA with a view to re-starting mining operations.

Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance, and exploration in Mexico.

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain information contained in this news release, including any information relating to future financial or operating performance, may be considered "forward-looking information" (within the meaning of applicable Canadian securities law) and "forward-looking statements" (within the meaning of the United States Private Securities Litigation Reform Act of 1995). These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Actual results could differ materially from the conclusions, forecasts and projections contained in such forward-looking information.

These forward-looking statements reflect Goldgroup's current internal projections, expectations or beliefs and are based on information currently available to Goldgroup. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to materially differ from those reflected in the forward-looking information, and are developed based on assumptions about such risks, uncertainties and other factors including, without limitation: receipt of all required stock exchange and regulatory approvals in connection with the Private Placement and the business of the Company; the completion of the Private Placement as planned; the proposed use of proceeds raised pursuant to the Private Placement and the Company's plans at the Cerro Prieto project; the scope, duration and impact of the COVID-19 pandemic; the scope, duration and impact of regulatory responses to the pandemic on the employees, business and operations; uncertainties related to actual capital costs operating costs and expenditures; production schedules and economic returns from Goldgroup's projects; uncertainties associated with development activities; uncertainties inherent in the estimation of mineral resources and precious metal recoveries; uncertainties related to current global economic conditions; fluctuations in precious and base metal prices; uncertainties related to the availability of future financing; potential difficulties with joint venture partners; risks that Goldgroup's title to its property could be challenged; political and country risk; risks associated with Goldgroup being subject to government regulation; risks associated with surface rights; environmental risks; Goldgroup's need to attract and retain qualified personnel; risks associated with potential conflicts of interest; Goldgroup's lack of experience in overseeing the construction of a mining project; risks related to the integration of businesses and assets acquired by Goldgroup; uncertainties related to the competitiveness of the mining industry; risk associated with theft; risk of water shortages and risks associated with competition for water; uninsured risks and inadequate insurance coverage; risks associated with potential legal proceedings; risks associated with community relations; outside contractor risks; risks related to archaeological sites; foreign currency risks; risks associated with security and human rights; and risks related to the need for reclamation activities on Goldgroup's properties, as well as the risk factors disclosed in Goldgroup's Annual Information Form and MD&A. Any and all of the forward-looking information contained in this news release is qualified by these cautionary statements.

Although Goldgroup believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. Goldgroup expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except as may be required by, and in accordance with, applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270327

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.

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Key Takeaways Monday, bulls retook control after Friday's market plunge.The market continues to be very theme driven.Quantum computing, rare earth, and AI energy stocks led the way.
After a Friday plunge, stocks rebounded strongly on Monday. Below are five newsworthy market areas to monitor:

Small Caps OutperformSmall caps and the Russell 2000 Index (IWM) were the strongest stocks during Monday’s rebound. IWM gained 2.78% for the session, nearly clawing back all of Friday’s 2.99% loss. We remain constructive on the space as IWM works on a multi-year breakout.

Crypto Crashes Amid Overleverage, Rebounds MondayThe crypto market experienced its worst single-session market cap drop on Friday. Unfortunately, when President Trump shared his China message, many crypto investors were overleveraged and caught offside, causing a classic liquidation cascade in crypto and crypto proxies like the iShares Bitcoin ETF ((IBIT - Free Report) ).

MP Materials Soars on Rare-Earth TensionsMP Materials ((MP - Free Report) ) has emerged as a big winner and a hedge of sorts for investors amid the China-US rivalry backdrop. Shares have broken out and are up over 30% this month amid the news about China’s rare-earth restrictions. Because the US government views rare earths as a national security pillar, MP is likely to continue to be a beneficiary as the US decouples from China and other hostile countries. Meanwhile, respected JPMorgan ((JPM - Free Report) ) CEO Jamie Dimon recently spoke about the need for the US to reduce reliance on foreign nations for rare earths and minerals.

AI Energy Stocks Soar Amid Flurry of Positive NewsThe artificial intelligence race between China and the United States is in full swing. While the US is off to an early (albeit, small) lead in the AI race, it is far behind in the energy race. Energy is critical to AI because AI data centers require significant energy. Monday, Bloom Energy ((BE - Free Report) ) spiked 26% after it announced a partnership to provide Brookfield with $5 billion in on-site fuel cells to power AI data centers. Meanwhile, Navitas Semiconductor ((NVTS - Free Report) ), bolted 30% after the market close, following an announcement of a deal to help Nvidia ((NVDA - Free Report) ) power the next wave of AI factories. NVTS makes chips that help to make AI data centers more efficient.

Quantum Computing Stocks Continue to SoarDespite Friday’s plunge, investors continued to pile into high-octane quantum computing stocks. QC stocks are the top 2025 performers. Rigetti Computing ((RGTI - Free Report) ) has rewarded shareholders with an astonishing 6,000% return thus far in 2025. 

Bottom Line

Despite the Friday sell-off, Wall Street’s strongest industry themes reasserted themselves Monday. Quantum computing, rare earth, and AI energy stocks led the way.

ASEAN: +9.6%.
EU: +5.2%.
S. Korea: +2.0%.
Japan: +5.9%.
Meanwhile, exports to the US dropped 14.9%.

September’s data showed China had successfully rerouted exports, countering the effect of US tariffs on demand. Crucially, a sustained rebound in external demand would raise expectations that Beijing will achieve its 5% GDP growth target.

Ahead of the latest numbers, the World Bank raised its 2025 growth forecast for China to 4.8%, up from April’s 4.0% projection.

Export Realignment Boosts Growth Prospects
Brian Tycangco, editor at Stansberry Research, commented on the China data, stating:

“China’s trade bounces back in September. Exports surge 8.3% while imports jump 7.4%. Trade surplus narrows slightly. No. Trump’s trade war is not inflicting heavy damage to China’s export sector. Exporters are finding new markets to sell products.”

The trade data was good news for Beijing and Chinese manufacturers. Furthermore, the demand rebound suggests that Trump’s efforts to pressure economies into reducing reliance on Chinese goods failed, potentially triggering US threats of additional tariffs. An escalation in the US-China trade war reminded markets of the uncertain path toward a trade deal.

Notably, last week’s escalation in US-China trade tensions and the weekend’s de-escalation put soybean imports and rare earth exports in the spotlight.

Soybeans and Rare Earths in Focus
Soybean imports increased to a September record 12.87 million metric tons. The September numbers could set the stage for constructive US-China trade negotiations, potentially at the APEC Summit.

Before the Golden Week holiday, President Trump criticized China for cutting soybean imports, stating:

“The Soybean farmers of our Country are being hurt because China is, for ‘negotiating’ reasons only, not buying. We’ve made so much money on Tariffs that we are going to take a small portion of that money and help our farmers. I will never let our farmers down.”

While there was no US administration retaliation, Beijing’s announcement of fresh controls on rare earth exports caused a stir. A reported ban on rare earth exports triggered the US administration to raise tariffs on Chinese shipments by a further 100%, fueling a flight-to-safety.

However, Beijing clarified its policy adjustment on rare earth exports, stating that there would be no ban and approvals for compliant export applications for civilian use would continue as normal.

Despite these assurances, actual rare earth exports still declined significantly, a potential issue in trade talks. Rare earth exports fell 31% to 4,000.3 tonnes. Furthermore, exports decreased by 11% to 42,936 tonnes year-over-year from January to September.

Labor Market and Consumption Outlook
While the latest data will set the stage for trade negotiations, the upswing in demand could be crucial for China’s labor market and Beijing’s push for private consumption.

Chinese manufacturers reduced staffing levels for the third time in four months in September. While demand improved, pricing pressures forced firms to reduce fixed costs to protect their bottom lines. However, margin pressures could ease if external demand continues to recover, potentially lifting employment.

Rising salaries and employment could boost consumer sentiment and spending, fueling demand-driven inflation.

For context, China’s unemployment rate has trended higher in 2025, while retail sales have trended lower, aligning with the timing of US tariffs and margin squeezes. The unemployment rate increased to 5.3% in August, up from 5.2% in July and 5.0% in June. Retail sales rose 3.4% year-on-year in August, down from 3.7% in July and 4.8% in June.

Non-US Trade Expansion Gains Momentum
China’s success in rerouting shipments and forging new trade terms to counter the slump in US demand bodes well for the fourth quarter.

Shehzad Qazi, managing director at China Beige Book, commented:

“Shipments to the US plunged 27%–the sixth month of double-digit declines—a slump more than offset by strong growth in sales to regions like the European Union. In total, exports to non-US destinations grew 14.8%, the fastest since March 2023.”

Qazi identified other key trade developments, including a 56% surge in shipments to Africa. Exports to LATAM were up 15.2%, reversing declines in the previous two months.

Mainland Equity Markets Steady Following Trade Jitters
Mainland equity markets were in recovery mode on Tuesday, October 14. Market tensions eased after Friday’s escalation and the weekend’s de-escalation in the US-China trade war.

The CSI 300 advanced 0.89% in early trading, while the Shanghai Composite Index gained 0.68%. Tuesday’s recovery sent the pair toward their 2025 high, set on October 9.

Traders are betting on a US-China trade deal and on Beijing achieving its 5% GDP growth target, aided by policy measures targeting demand.

Punitive US tariffs on transshipments haven’t hurt the Chinese economy and have lifted demand for Mainland-listed stocks. The CSI 300 has rallied 17.9% year-to-date in 2025, with the Shanghai Composite Index up 16.8%. For contrast, the Hang Seng Index has soared 29% year-to-date.

While analysts are optimistic about further gains through the remainder of Q4, downside risks from renewed trade tensions linger. Last week’s escalation underscored the lingering threat of a breakdown in US-China relations to global markets.

A BYD logo is displayed on a car at a dealership in Sant Cugat del Valles, near Barcelona, Spain, September 12, 2025. REUTERS/ Albert Gea/File Photo Purchase Licensing Rights, opens new tab

CompaniesOct 14 (Reuters) - China's No. 1 automaker BYD

(002594.SZ), opens new tab considers Spain to be its top candidate for a third car factory to serve the European market, two people briefed on the matter told Reuters, as the company seeks to grow sales on the continent.

A BYD assembly plant, joining two other planned factories in Hungary and Turkey, would be a significant boost for the carmaker that competes with Tesla, and would also bolster Spain's aim of becoming a major hub for electric vehicle production.

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One of the sources said Spain is favoured by BYD because of its relatively low manufacturing costs and clean energy network.

While it is known that BYD has been looking for a third plant to serve the European market, Spain's emergence as a frontrunner has been previously unreported.

ANY DECISION NEEDS SIGN-OFF IN CHINABYD country manager for Spain and Portugal Alberto De Aza told Reuters last month that Spain would be an ideal location for further expansion of BYD's European manufacturing footprint because of its industrial infrastructure and cheap electricity.

A third source cautioned that the company has not communicated any final decision and was still considering other countries besides Spain. A final decision on the plant, which should come before the end of the year, will need to be approved by Chinese regulators.

Reuters reported in March that BYD has looked at other countries including Germany, though that has been debated internally because of high labour and energy costs.

Both Spain's Industry Ministry and BYD declined to comment.

BYD AIMS TO MAKE ALL CARS FOR EUROPE LOCALLY IN THREE YEARSBYD's sales in Europe jumped 280% in the first eight months of the year from the same period in 2024 after the automaker began selling plug-in hybrids as well as fully electric cars.

Reuters reported in April that BYD had overhauled its European operations to boost sales by hiring more managers and adding dealerships.

Diplomatic and business ties between Spain and China have warmed considerably in recent years. Last year, Spain abstained on a European Union vote on tariffs on Chinese-made EVs.

China's government privately told automakers to halt investments in European countries that supported those tariffs, Reuters reported last year. Germany voted against the tariffs.

Spain, Europe's second-largest car-producing nation, has attracted major investments including from Germany's Volkswagen and China's Chery and CATL since it announced a 5 billion euro ($5.8 billion) plan in 2020 to attract EV and battery manufacturing using EU pandemic relief funds.

BYD aims to produce all EVs for sale in Europe locally within three years, which would help it avoid EU tariffs.

Its planned factory in Hungary is currently under construction, though sources told Reuters in July that BYD has pushed back its timeline for mass production at the plant until next year. Its Turkish plant is due to open in 2026.

($1 = 0.8618 euros)

By Reuters Staff; Editing by Nick Carey and Jan Harvey

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

Journalist

Posted: October 14, 2025

Key Takeaways
Will PancakeSwap sustain its upward momentum?
CAKE formed a bullish engulfing candle at the 200 EMA and broke its descending trendline, signaling potential continuation toward $4.5.

Are traders and investors supporting this rebound?
Yes. Spot Taker CVD stayed green, confirming buy dominance, while $1.1 million in outflows reflected strong accumulation.

After a 61.5% price crash in PancakeSwap [CAKE] during the historic crypto crash on the 10th of October, the market has shown a strong rebound, potentially opening the door to a further rally.

The bounce from the $3 support zone aligned with rising trader activity and bullish on-chain data, hinting that a wider rally could be in play.

CAKE’s price momentum returns
CAKE traded at $3.48 at press time, up 25% in 24 hours. Trading volume jumped 155% to $660 million, indicating renewed interest among retail and whale accounts.

AMBCrypto’s technical analysis revealed that this price surge pushed CAKE back above the key support level of $3.

Moreover, on the daily chart, the altcoin formed a strong bullish engulfing candlestick pattern, with the price continuing to maintain its upward momentum.

Source: TradingView

A break above the descending trendline on the 4-hour chart confirmed momentum shift to buyers.

Source: TradingView

If the momentum continues and the price holds above the key support of $3, CAKE could see a 28% surge and may reach the $4.50 level.

The Average Directional Index (ADX) stood at 28, signaling a strong trend, while the 200-day EMA ($2.56) acted as firm support.

Expert predictions fuel optimism
Given the market sentiment, several experts surfaced with bold predictions on CAKE.

Crypto commentator CoinQTS projected that CAKE had just begun its journey with huge potential and hinted that it may reach the $20 level in the coming days.

Meanwhile, another expert predicted that CAKE could hit $5 in the coming days.

The Wolf Insight highlighted five catalysts for CAKE’s rally: the Cake.Pad launch for IFO access, 28.8 million CAKE burned in September, $772 billion Q3 volume on BNB Chain (up 87% QoQ), limit-order rewards for liquidity providers, and Binance’s $250K Altcoin Festival exposure.

These factors tightened supply and boosted trading activity on the BNB Chain, suggesting whales are accumulating before retail momentum builds up.

On-chain signal aggressive buying
In addition to these predictions, on-chain metrics further strengthen CAKE’s bullish outlook.

According to CryptoQuant’s Spot Taker CVD (Cumulative Volume Delta), CAKE witnessed aggressive buying activity over the past week, with not a single red bar, indicating a lack of seller dominance.

Source: CryptoQuant

PancakeSwap (CAKE) strongly bullish derivative
Meanwhile, CoinGlass data recorded a $1.10 million outflow from exchanges in the past 24 hours — a classic signal of accumulation.

Source: CoinGlass

As per data, CAKE’s major liquidation levels stood at $3.273 on the lower side and $3.567 on the upper side. At these levels, traders built $2.09 million worth of long positions and $915.3k worth of short positions.

That alignment between spot outflows and derivative positions supports a short-term bullish bias.

Vivaan Acharya is a Crypto-Economist and Journalist at AMBCrypto who brings a rare depth of financial and economic expertise to the world of digital assets. He holds a Master’s in Economics from the prestigious University of Delhi and has over five years of experience analyzing technology and financial markets.
His foray into the blockchain space began in 2018, marked by his prescient Master's thesis, "Payments and Stablecoin Integration in Banking," which showcased his early understanding of crypto's potential to disrupt traditional finance. Before specializing in crypto, Vivaan honed his skills in rigorous data and technical chart analysis at a major national financial daily, where he covered corporate earnings and market trends.
At AMBCrypto, Vivaan applies this powerful blend of classical economic training and seasoned financial journalism to his work. He is an expert in:
1. Bitcoin and Altcoin Market Analysis
2. Stablecoin Ecosystem Development, and
3 Emerging Crypto Regulations.
Known for his clear, no-nonsense approach, Vivaan translates robust research into straightforward, actionable insights. He is dedicated to demystifying the complexities of blockchain finance, empowering readers to confidently navigate the rapidly evolving digital economy.