Market Signal Briefing

In the latest close session, Cardinal Health (CAH - Free Report) was down 1.64% at $154.31. The stock fell short of the S&P 500, which registered a gain of 1.56% for the day. On the other hand, the Dow registered a gain of 1.29%, and the technology-centric Nasdaq increased by 2.21%.

Shares of the prescription drug distributor witnessed a gain of 3.05% over the previous month, beating the performance of the Medical sector with its gain of 2.08%, and the S&P 500's gain of 0.41%.

The upcoming earnings release of Cardinal Health will be of great interest to investors. The company's earnings report is expected on October 30, 2025. The company's earnings per share (EPS) are projected to be $2.22, reflecting a 18.09% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $59.05 billion, indicating a 12.96% increase compared to the same quarter of the previous year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.42 per share and revenue of $249.31 billion, indicating changes of +14.32% and +12.01%, respectively, compared to the previous year.

Investors should also take note of any recent adjustments to analyst estimates for Cardinal Health. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.03% higher. Cardinal Health is holding a Zacks Rank of #2 (Buy) right now.

Investors should also note Cardinal Health's current valuation metrics, including its Forward P/E ratio of 16.66. This valuation marks a premium compared to its industry average Forward P/E of 14.

Meanwhile, CAH's PEG ratio is currently 1.33. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Medical - Dental Supplies was holding an average PEG ratio of 1.46 at yesterday's closing price.

The Medical - Dental Supplies industry is part of the Medical sector. With its current Zacks Industry Rank of 82, this industry ranks in the top 34% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

AudioEye (AEYE - Free Report) closed the most recent trading day at $14.11, moving +2.84% from the previous trading session. The stock outpaced the S&P 500's daily gain of 1.56%. Elsewhere, the Dow gained 1.29%, while the tech-heavy Nasdaq added 2.21%.

Shares of the company have appreciated by 2.69% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.06%, and the S&P 500's gain of 0.41%.

Market participants will be closely following the financial results of AudioEye in its upcoming release. On that day, AudioEye is projected to report earnings of $0.18 per share, which would represent year-over-year growth of 12.5%. Meanwhile, our latest consensus estimate is calling for revenue of $10.25 million, up 14.78% from the prior-year quarter.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.7 per share and revenue of $40.47 million. These totals would mark changes of +27.27% and +14.96%, respectively, from last year.

Any recent changes to analyst estimates for AudioEye should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, AudioEye boasts a Zacks Rank of #3 (Hold).

Looking at valuation, AudioEye is presently trading at a Forward P/E ratio of 19.6. Its industry sports an average Forward P/E of 28.54, so one might conclude that AudioEye is trading at a discount comparatively.

The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 77, this industry ranks in the top 32% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Key Takeaways Markets Rebounded Nicely from Friday's Big SelloffBroadcom the Latest Chipmaker to Strike Deal with OpenAIQ3 Earnings Season Upshifts Tuesday Morning: JPM, C, JNJ & More
Monday, October 13, 2025

After selling off shares across the board during Friday trading — which was the S&P 500’s single-worst trading day since the “Liberation Day” meltdown in April — Monday’s regular trading session went a long way toward filling in the holes. The Dow gained +587 points, +1.29%, while the S&P 500 added +102 points, +1.56%. The biggest winners were the Nasdaq, +490 points, +2.21%, and the small-cap Russell 2000, +66 points, +2.79%.

Investors seeking decent entry points into the AI trade — and Big Tech in general — drove share prices higher for quantum computing stocks like Rigetti (RGTI), +25%, and D-Wave (QBTS - Free Report) , +23%. Continued wrangling over rare earth minerals (which go into tech equipment) sent shares of U.S. Antimony (UAMY - Free Report) and Critical Metals (CRML - Free Report) up +36.8% and +55.4%, respectively.

Further, Broadcom (AVGO - Free Report) is the latest chip-maker to get a piece of the OpenAI action. The two companies forged a deal for Broadcom to create some 10 gigawatts of custom chips worth around $10 billion. Shares of Broadcom rose +9.9% today, and the deal pushes OpenAI ahead of Space X as the world’s largest startup company.

Big Banks Report Q3 Earnings Tuesday
Even though we’ve seen more than a dozen companies already officially report Q3 earnings results this period, Q3 earnings season really kicks off with the release of earnings from some of the biggest banks on Wall Street. JPMorgan (JPM - Free Report) is expected to fetch +10.5% earnings growth and +5.2% on revenues, Citigroup (C - Free Report) looks to post +21.2% earnings growth and +3.7% for revenues, and Wells Fargo (WFC - Free Report) anticipates +2% earnings growth, +4% on its top line.

In addition, Goldman Sachs (GS - Free Report) brings forth its quarterly earnings report ahead of the bell, as does investment banker BlackRock (BLK - Free Report) . And if that weren’t enough, Johnson & Johnson (JNJ - Free Report) and Domino’s Pizza (DPZ - Free Report) get into the act tomorrow with earnings releases, as well. All of these companies cited currently carry Zacks Rank #3 (Hold) ratings ahead of their reports.

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A J.P. Morgan logo is seen outside the JPMorgan bank offices in Paris, France, January 27, 2023. REUTERS/Sarah Meyssonnier Purchase Licensing Rights, opens new tab

SummaryCompaniesLeveraged ETF derivatives fueled Friday selloffJPMorgan analysts warn more ETF-related selling may followLeveraged ETFs among hottest new products in 2025Oct 13 (Reuters) - Large-scale selling of leveraged exchange-traded funds contributed significantly to Friday's U.S. stock market rout, according to a report published late on Sunday by JPMorgan's

(JPM.N), opens new tab Americas equities derivatives strategy team.

The report estimated that some $26 billion of selling from leveraged ETFs at Friday's close drove the overall market even lower after threats by U.S. President Donald Trump that he would levy big new tariffs on China triggered an initial selldown.

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That left options dealers in a position where they were likely to aggravate further downside moves as they looked to cover their own market exposure.

The selloff followed a period of intense interest in leveraged products, with many asset managers ramping up their offerings in a bid to attract customers looking to place bets on heavily traded and volatile stocks, including Tesla

(TSLA.O), opens new tab.

Equities rebounded on Monday after Trump softened his tone on the U.S.-China trade war, but safe-haven gold hit fresh record highs in a sign that uncertainty remained high.

Tom Bruni, head of markets and retail investor insights at StockTwits, calculates there are now some 900 leveraged products, accounting for 33% of all new ETFs but only 1% of the U.S. ETF industry's $12 trillion in assets.

A spokesperson for JPMorgan declined any further comment on the report.

"We'd seen customers selling volatility going into Friday in general, and that came back to bite them," said Steve Sosnick, market strategist at Interactive Brokers. "There are plenty of potential culprits, whether that approach to volatility came through leveraged ETFs" or some other trading strategy.

NEW LEVERAGED ETF PRODUCTSMeanwhile, an array of ETF issuers are filing applications with regulators to roll out new products with 3x leverage levels on individual stocks.

Until now, the SEC has approved single-stock leveraged ETFs with a maximum of 2x leverage, meaning that the issuer seeks to deliver 200% of the daily price change in the underlying stock.

To deliver those returns, managers turn to the swaps or options markets; those options market makers in turn must manage their risk in rapidly moving markets.

GraniteShares, whose 2x ETF tied to Nvidia

(NVDA.O), opens new tab now has $4.8 billion in assets, has filed for 3x products on "dozens" of underlying stocks, CEO Will Rhind told Reuters.

"It's a competitive thing," Rhind said. "We're responding to trends in the market and indications that this is what people want to see."

That is in spite of the fact that last Tuesday GraniteShares closed down a Europe-based ETF that offered 3x the inverse of a move in Advanced Micro Devices

(AMD.O), opens new tab. AMD's shares rallied 38% in a single day, wiping out the value of the $3 million fund.

"The product did what it was supposed to do," Rhind said.

Reporting by Suzanne McGee; Editing by Alden Bentley and Jamie Freed

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

Dollar General (DG - Free Report) closed at $101.87 in the latest trading session, marking a +2.67% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 1.56%. Meanwhile, the Dow gained 1.29%, and the Nasdaq, a tech-heavy index, added 2.21%.

The stock of discount retailer has fallen by 4.96% in the past month, leading the Retail-Wholesale sector's loss of 5.02% and undershooting the S&P 500's gain of 0.41%.

The upcoming earnings release of Dollar General will be of great interest to investors. In that report, analysts expect Dollar General to post earnings of $0.95 per share. This would mark year-over-year growth of 6.74%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.62 billion, up 4.25% from the year-ago period.

DG's full-year Zacks Consensus Estimates are calling for earnings of $6.13 per share and revenue of $42.5 billion. These results would represent year-over-year changes of +3.55% and +4.66%, respectively.

Investors should also pay attention to any latest changes in analyst estimates for Dollar General. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.12% higher within the past month. Dollar General currently has a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Dollar General has a Forward P/E ratio of 16.18 right now. For comparison, its industry has an average Forward P/E of 22.31, which means Dollar General is trading at a discount to the group.

One should further note that DG currently holds a PEG ratio of 2.09. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Retail - Discount Stores stocks are, on average, holding a PEG ratio of 2.49 based on yesterday's closing prices.

The Retail - Discount Stores industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 68, this industry ranks in the top 28% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

In the latest trading session, Samsara Inc. (IOT - Free Report) closed at $37.56, marking a +1.9% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 1.56%. Meanwhile, the Dow experienced a rise of 1.29%, and the technology-dominated Nasdaq saw an increase of 2.21%.

Shares of the company witnessed a loss of 3.66% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 1.06%, and the S&P 500's gain of 0.41%.

The upcoming earnings release of Samsara Inc. will be of great interest to investors. The company is expected to report EPS of $0.12, up 71.43% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $399.44 million, reflecting a 24.06% rise from the equivalent quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $0.47 per share and revenue of $1.57 billion, which would represent changes of +80.77% and +25.97%, respectively, from the prior year.

Investors should also take note of any recent adjustments to analyst estimates for Samsara Inc. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Samsara Inc. presently features a Zacks Rank of #3 (Hold).

With respect to valuation, Samsara Inc. is currently being traded at a Forward P/E ratio of 78.67. This indicates a premium in contrast to its industry's Forward P/E of 28.54.

Meanwhile, IOT's PEG ratio is currently 1.8. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Internet - Software industry stood at 2.09 at the close of the market yesterday.

The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 77, placing it within the top 32% of over 250 industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

In the latest close session, Western Midstream (WES - Free Report) was up +1.05% at $37.65. The stock fell short of the S&P 500, which registered a gain of 1.56% for the day. Meanwhile, the Dow gained 1.29%, and the Nasdaq, a tech-heavy index, added 2.21%.

The oil and gas transportation and storage company's shares have seen a decrease of 2.84% over the last month, surpassing the Oils-Energy sector's loss of 2.93% and falling behind the S&P 500's gain of 0.41%.

Analysts and investors alike will be keeping a close eye on the performance of Western Midstream in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.87, signifying a 17.57% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $954.2 million, showing a 8.02% escalation compared to the year-ago quarter.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.4 per share and revenue of $3.76 billion. These totals would mark changes of -15.42% and +4.27%, respectively, from last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Western Midstream. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.34% higher. Western Midstream is currently a Zacks Rank #3 (Hold).

In terms of valuation, Western Midstream is currently trading at a Forward P/E ratio of 10.95. This represents a discount compared to its industry average Forward P/E of 16.95.

The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 93, positioning it in the top 38% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

Sirius XM (SIRI - Free Report) closed at $21.45 in the latest trading session, marking a +2.48% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 1.56% for the day. Elsewhere, the Dow gained 1.29%, while the tech-heavy Nasdaq added 2.21%.

Prior to today's trading, shares of the satellite radio company had lost 10.1% lagged the Consumer Discretionary sector's loss of 5.13% and the S&P 500's gain of 0.41%.

Analysts and investors alike will be keeping a close eye on the performance of Sirius XM in its upcoming earnings disclosure. The company's earnings report is set to go public on October 30, 2025. In that report, analysts expect Sirius XM to post earnings of $0.79 per share. This would mark year-over-year growth of 194.05%. Simultaneously, our latest consensus estimate expects the revenue to be $2.14 billion, showing a 1.23% drop compared to the year-ago quarter.

For the full year, the Zacks Consensus Estimates are projecting earnings of $2.71 per share and revenue of $8.52 billion, which would represent changes of +52.25% and -2.02%, respectively, from the prior year.

Investors should also take note of any recent adjustments to analyst estimates for Sirius XM. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.09% upward. Sirius XM is holding a Zacks Rank of #2 (Buy) right now.

In terms of valuation, Sirius XM is currently trading at a Forward P/E ratio of 7.71. This indicates a discount in contrast to its industry's Forward P/E of 29.67.

One should further note that SIRI currently holds a PEG ratio of 0.32. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Broadcast Radio and Television industry had an average PEG ratio of 1.84 as trading concluded yesterday.

The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 49, which puts it in the top 20% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Consolidated Water (CWCO - Free Report) closed at $34.23 in the latest trading session, marking a +1.84% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 1.56%. Meanwhile, the Dow gained 1.29%, and the Nasdaq, a tech-heavy index, added 2.21%.

Shares of the developer and operator of desalination plants witnessed a gain of 1.2% over the previous month, trailing the performance of the Utilities sector with its gain of 1.93%, and outperforming the S&P 500's gain of 0.41%.

Market participants will be closely following the financial results of Consolidated Water in its upcoming release. It is anticipated that the company will report an EPS of $0.24, marking a 22.58% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $32.8 million, down 1.77% from the prior-year quarter.

For the full year, the Zacks Consensus Estimates are projecting earnings of $1.13 per share and revenue of $133.33 million, which would represent changes of +0.89% and -0.48%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for Consolidated Water. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.41% increase. Consolidated Water currently has a Zacks Rank of #2 (Buy).

Valuation is also important, so investors should note that Consolidated Water has a Forward P/E ratio of 29.66 right now. This valuation marks a premium compared to its industry average Forward P/E of 22.7.

The Utility - Water Supply industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 23, finds itself in the top 10% echelons of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

Western Union (WU - Free Report) closed the most recent trading day at $8.14, moving +2.65% from the previous trading session. This change outpaced the S&P 500's 1.56% gain on the day. Elsewhere, the Dow gained 1.29%, while the tech-heavy Nasdaq added 2.21%.

Prior to today's trading, shares of the money transfer company had lost 5.6% lagged the Business Services sector's loss of 3.52% and the S&P 500's gain of 0.41%.

Analysts and investors alike will be keeping a close eye on the performance of Western Union in its upcoming earnings disclosure. The company's earnings report is set to go public on October 23, 2025. The company's upcoming EPS is projected at $0.43, signifying a 6.52% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.02 billion, reflecting a 1.39% fall from the equivalent quarter last year.

WU's full-year Zacks Consensus Estimates are calling for earnings of $1.7 per share and revenue of $4.08 billion. These results would represent year-over-year changes of -2.3% and -3.06%, respectively.

Any recent changes to analyst estimates for Western Union should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Western Union holds a Zacks Rank of #3 (Hold).

With respect to valuation, Western Union is currently being traded at a Forward P/E ratio of 4.67. This denotes a discount relative to the industry average Forward P/E of 14.35.

Meanwhile, WU's PEG ratio is currently 2.72. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Financial Transaction Services industry had an average PEG ratio of 1.15 as trading concluded yesterday.

The Financial Transaction Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 30, which puts it in the top 13% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Ralph Lauren (RL - Free Report) ended the recent trading session at $317.23, demonstrating a +2.52% change from the preceding day's closing price. This change outpaced the S&P 500's 1.56% gain on the day. Meanwhile, the Dow experienced a rise of 1.29%, and the technology-dominated Nasdaq saw an increase of 2.21%.

Coming into today, shares of the upscale clothing company had lost 1.82% in the past month. In that same time, the Consumer Discretionary sector lost 5.13%, while the S&P 500 gained 0.41%.

Market participants will be closely following the financial results of Ralph Lauren in its upcoming release. The company's upcoming EPS is projected at $3.44, signifying a 35.43% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.87 billion, showing a 8.48% escalation compared to the year-ago quarter.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $14.96 per share and a revenue of $7.51 billion, indicating changes of +21.33% and +6.06%, respectively, from the former year.

It is also important to note the recent changes to analyst estimates for Ralph Lauren. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.2% rise in the Zacks Consensus EPS estimate. As of now, Ralph Lauren holds a Zacks Rank of #2 (Buy).

Valuation is also important, so investors should note that Ralph Lauren has a Forward P/E ratio of 20.68 right now. Its industry sports an average Forward P/E of 14.17, so one might conclude that Ralph Lauren is trading at a premium comparatively.

It is also worth noting that RL currently has a PEG ratio of 1.54. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. RL's industry had an average PEG ratio of 2.17 as of yesterday's close.

The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 212, which puts it in the bottom 15% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

Intrusion Inc. (INTZ - Free Report) closed at $1.77 in the latest trading session, marking a +1.72% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 1.56%. Elsewhere, the Dow gained 1.29%, while the tech-heavy Nasdaq added 2.21%.

Coming into today, shares of the company had gained 2.96% in the past month. In that same time, the Computer and Technology sector gained 1.06%, while the S&P 500 gained 0.41%.

Analysts and investors alike will be keeping a close eye on the performance of Intrusion Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.1, marking a 71.43% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.91 million, reflecting a 27.33% rise from the equivalent quarter last year.

For the full year, the Zacks Consensus Estimates project earnings of -$0.38 per share and a revenue of $7.74 million, demonstrating changes of +76.69% and +34.03%, respectively, from the preceding year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Intrusion Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 1.33% fall in the Zacks Consensus EPS estimate. Intrusion Inc. is currently a Zacks Rank #4 (Sell).

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BNB Chain and Four.Meme launched a $45 million “Reload Airdrop” to compensate meme coin traders and revive market activity.The program will reward 160,000+ wallets through randomized BNB distributions running from mid-October to early November 2025.The move follows heavy meme coin losses during the Oct. 10 market crash, as BNB hits a new all-time high above $1,370.BNB Chain has launched a $45 million “Reload Airdrop” in partnership with Four.Meme, PancakeSwap, Binance Wallet, and Trust Wallet to reignite trading activity across its meme coin ecosystem. 

The initiative targets retail traders hit by the recent market crash, where billions were wiped from speculative tokens.

BNB Airdrop To Trigger a Meme Coin Super CycleThe airdrop will distribute roughly $45 million worth of BNB to more than 160,000 eligible addresses. 

Sponsored

Sponsored

According to project details, recipients will be chosen through a randomized allocation system rather than based strictly on trading losses. Distribution will take place in multiple waves between mid-October and early November.

BNB Chain described the initiative as an effort to “reload” user confidence and liquidity in the meme coin sector. Over the past few months, meme coins have been one of the most active yet volatile segments on the network. 

Four.Meme Announces BNB AirdropThe move follows a wave of losses during the October 10 market crash, when several tokens built on Four.Meme suffered steep declines.

Four.Meme, a no-code meme coin launchpad on BNB Chain, allows users to create and list tokens with minimal technical knowledge. 

Since launch, it has seen billions in cumulative trading volume, but also faced scrutiny following an exploit earlier this year that exposed flaws in automated liquidity mechanisms.

“The meme coin community is one of the most active and creative communities in the ecosystem, who have been affected the most by recent events especially during the past week,” wrote BNB Chain. 

The Reload Airdrop marks one of BNB Chain’s largest coordinated relief efforts, signaling growing institutional and retail attention to its ecosystem. 

However, analysts warn that the randomized nature of the airdrop may create disputes over fairness and transparency. Such “recovery” airdrops risk promoting moral hazard by rewarding risky trading behavior. 

Overall, the airdrop comes as BNB defies broader market pressure, recently hitting a new all-time high above $1,370. 

The altcoin’s resilience and active user base have reinforced its position as one of the strongest performers in 2025’s volatile crypto markets.

Disclaimer

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U.S. equities surged on Monday as investor optimism returned to both traditional and digital asset markets. The Nasdaq climbed 490.18 points to 22,694.61, the Dow Jones Industrial Average gained 587.98 points to 46,067.58, and the S&P 500 rose 102.21 points to 6,654.72, signaling a broad-based recovery across major benchmarks.

Journalist

Posted: October 14, 2025

Key Takeaways
Why does the Anchorage transition matter?
It marks the first time a DeFi-native stablecoin, such as USDtb, has come under U.S. federal banking oversight.

How does it differ from USDT and USDC?
Unlike offshore USDT, USDtb is issued under a U.S. bank charter, and unlike USDC, it’s directly tied to short-term Treasuries.

In a major shift for the U.S. stablecoin landscape, Anchorage Digital Bank N.A. has officially taken control of the Ethena USDtb smart contract. This marks the first onshoring of a Treasury-backed stablecoin under the federal GENIUS Act framework.

The transition, completed today, moves control of USDtb from Ethena Labs to Anchorage. The move turns what began as a DeFi-native product into a federally regulated payment stablecoin.

Anchorage steps in: From synthetic yield to banking oversight
The move represents a strategic pivot for Ethena Labs, which launched USDtb in early 2025 as part of its synthetic dollar system.

Initially, USDtb was backed by delta-neutral positions and Treasury yield exposure, designed to provide DeFi users with stable returns that mimicked traditional bonds.

Now, with Anchorage assuming control, USDtb joins the ranks of “covered stablecoins” — tokens issued by federally chartered banks that must maintain full 1:1 reserve backing, have clear redemption processes, and adhere to transparent auditing standards.

Anchorage also confirmed that U.S. Bank will act as the custodian for the reserves. Furthermore, issuance and redemption operations will run under its OCC-regulated framework.

What the transition means for Ethena and stablecoin regulation
The Anchorage transition aligns USDtb with the GENIUS Act. The Act allows U.S.  banks to issue digital dollar tokens under federal supervision.

It also marks the first time a DeFi-origin stablecoin has been brought fully onshore. This signals growing regulatory confidence in bridging decentralized and traditional finance.

Additionally, the move was made to ensure long-term scalability, regulatory certainty, and integration with institutional payment systems.

For Anchorage, the deal solidifies its role as a compliance-first stablecoin issuer, ahead of expected competition from fintech-bank hybrids such as PayPal’s PYUSD and Circle’s USDC.

A new challenger to USDT and USDC
USDtb’s onshoring comes amid renewed scrutiny of offshore stablecoins like Tether’s USDT, which dominate global trading but lack U.S. regulatory clarity.

By contrast, USDtb, now under Anchorage’s oversight, offers Treasury-backed reserves, federal banking compliance, and a transparent reporting structure.

The move could make USDtb one of the most institutionally friendly stablecoins, potentially challenging USDC’s dominance in regulated markets.

After a strong run of inflows, Bitcoin ETFs finally faced a pullback, while Ether ETFs experienced even steeper outflows, signaling a shift in investor sentiment. The latest data suggests that traders are likely taking profits following an extended rally across major cryptocurrencies.

In 2025, there has been an average of 720,000 unique stablecoin senders on Ethereum per week.

7 minutes ago

A massive Bitcoin short placed minutes before US President Donald Trump announced tariffs with China on Friday has raised questions about insider trading.

73

Garrett Jin, the former CEO of now-defunct cryptocurrency exchange BitForex, has denied many of the claims levied against him by a pseudonymous online sleuth that involved shorting the market.

In a Monday X post, Jin said he had “no connection with the Trump family,” denying allegations of insider trading after crypto researcher Eye claimed he controlled a wallet address used by a whale to short Bitcoin (BTC).

The wallet was used to open a short position less than an hour before US President Donald Trump announced “a tariff of 100% on China” on Friday, likely contributing to the price of the cryptocurrency dropping significantly.

On Saturday, Eye suggested on X that Jin was a Hyperliquid whale who controlled more than 100,000 BTC. In his response, Jin said the wallet belonged to a client and criticized former Binance CEO Changpeng Zhao for sharing “personal and private information” by retweeting Eye’s post to his more than 10 million followers.

Whether tied directly to Jin or not, the wallet address was used to open a $735 million short on BTC. The price of Bitcoin briefly fell to about $102,000 on Friday after the tariff notice, though the president said in a Sunday social media post, “don’t worry about China,” walking back some of his remarks. 

Despite the alleged connections between Jin and the now infamous Bitcoin wallet, some online sleuths doubt Eye’s claims. ZachXBT said on Saturday that it was more likely “a friend of Jin” was responsible for the trades, while crypto analyst Quinten Francois suggested the evidence linking the former CEO to the wallet was too convenient.

Insider trading claims are not new for cryptoMany individuals in the crypto exchange have previously been accused of having private information about a project launch following suspiciously timed trades.

In March, an unknown individual or group made more than $482,000 through trades on the Bubb (BUBB) memecoin shortly before the price dropped by about 50%.

Trump’s memecoin, Official Trump (TRUMP), drew similar attention in January after a wallet purchased about $6 million of the token less than a minute after its launch.

Magazine: ‘Debasement trade’ will pump Bitcoin, Ethereum DATs will win: Hodler’s Digest, Oct. 5 – 11

Journalist

Posted: October 14, 2025

Key Takeaways
What’s driving XRP’s rebound?
On-chain demand is flexing straight into XRP’s price, Binance reserves are dropping, and bulls are stacking.

Which level should you watch out for before the next breakout?
$3.20 is the real test. If it holds, ETF catalysts could trigger a breakout.

The market is trying to find its footing, and all eyes are on the charts. 

The play here? Hold the key support to rebuild conviction. Notably, XRP bulls are already ticking that box. On the 1H timeframe, for instance, XRP’s price bounced a clean 100% off its $1.25 crash low.

At the time of writing, on-chain action seemed to back it up too. Consider this – Binance reserves slid to their early September levels, with nearly 100 million XRP pulled since 10 October. This has created a textbook setup for a potential supply squeeze.

Source: CryptoQuant

In short, on-chain demand may be flexing straight into XRP’s price.

Meanwhile, leverage has been staying super light. XRP’s Futures Open Interest (OI) dumped $5 billion in the same window, marking the biggest bleed since late July when the OI topped $10 billion near XRP’s $3.50 swing. 

For context, that flush back then sparked XRP’s near 19% weekly bounce off $2.70, while Binance reserves slid from 3 billion to 2.8 billion. With bulls stacking again, could XRP’s price be gearing up for the next push past $3.20?

XRP’s price poised for ETF-driven seasonal boost
Finally, XRP’s leverage blowout couldn’t have come at a better time. 

In less than a week, XRP Spot ETF hearings kick off, with Grayscale first on 18 October. The market is already licking its chops right now. In fact, XRP’s price ripped past $2.50, despite crashing to $1.25 not long ago.

In short, conviction has been building. Inflows into XRP are rolling in for the 18th straight week too. According to CoinShares, the altcoin saw $61.6 million in inflows. Even after last week’s heavy sell-offs.

Source: CoinShares

Simply put, XRP’s price may be catching ETFs’ seasonal tailwind.

Mix in low leverage and strong spot demand on Binance, and you’ve got a clean setup for a steady vertical move. In this context, a breakout past $3 is looking closer than you might think.

The real test? $3.20. That’s where the ETF catalyst could kick in. If it holds, it might be the trigger XRP’s price needs for a proper breakout. 

Ritika Gupta is a Financial Journalist and Geopolitical Analyst at AMBCrypto, specializing in the critical intersection of world politics, economic policy, and the cryptocurrency markets. Her analysis is informed by her distinguished background, which includes professional experience at major news network.
She holds a Bachelor's degree in Political Science and Psychology from Gargi College, University of Delhi. This academic training provides her with a sophisticated framework for dissecting complex issues such as international regulations, government fiscal policies, and the geopolitical forces that directly influence asset valuations.
At AMBCrypto, Ritika applies this expert lens to synthesize macroeconomic data and political developments, offering readers a deeper context for market movements. She excels at explaining not just what is happening in the market, but why it is happening. Her work is dedicated to providing strategic insights that empower readers to understand the complex relationship between global events and their digital assets.

Key takeaways:

Bitcoin’s resilience after Friday’s $19 billion flash crash shows long-term demand remains strong despite short-term risk aversion.

Derivatives traders remain cautious, with arbitrage opportunities and negative funding rates signaling heightened counterparty risk.

Bitcoin (BTC) reclaimed the $114,000 mark less than 48 hours after Friday’s flash crash, which wiped out $15 billion from BTC futures open interest. While Bitcoin showed resilience after such a major liquidity event, several factors could still delay a retest of the $125,000 level.

As long as investors continue to view Bitcoin as a risk asset and maintain its partial correlation with tech stocks, sustained bullish momentum will likely hinge on stronger confidence in global economic growth.

US job market data and US-China relations negative impact on Bitcoin’s priceConcerns about a potential economic slowdown, particularly after new signs of weakness in the US labor market, have made investors more risk-averse. Carlyle estimates that US employers added 17,000 jobs in September, down from an already soft 22,000 in August, according to The Wall Street Journal.

US 2-year Treasury yield. Source: TradingViewDemand for US bonds surged, pushing yields close to 3.5% as investors accepted lower returns in exchange for the safety of government-backed assets. The move was further driven by growing concerns that the trade war between the United States and China could intensify on Nov. 10, when the temporary truce limiting US import tariffs is set to expire.

US President Donald Trump wrote on Truth Social on Sunday that an extension “should be worked out” as both countries pursue economic growth. However, no concrete developments have been announced beyond plans for talks between the two leaders.

US Treasury Secretary Scott Bessent described China’s rare earth export controls as “provocative.” Under new Chinese regulations, foreign companies producing certain materials will now need an additional export license, even when Chinese firms are not directly involved. China continues to dominate these markets, which are critical to tech manufacturing, according to Reuters.

Further macroeconomic uncertainty stems from the ongoing US government shutdown, which has delayed the release of key data, including the consumer inflation report and wholesale costs. This lack of visibility complicates the US Federal Reserve’s outlook and has made investors more risk-averse ahead of Fed Chair Jerome Powell’s speech on Tuesday.

Liquidity gaps in BTC derivatives and risk of regulatory securityRegardless of the prospects for improvement in US-China relations, traders remain highly cautious with Bitcoin derivatives. Some markets still present arbitrage opportunities, such as differences between perpetual contracts and spot prices on the same exchange. The limited activity from market makers signals heightened counterparty risk.

Annualized funding rate on Bitcoin and altcoins. Source: CoinGlassThe Bitcoin perpetual futures funding rate at Binance remains negative, meaning shorts (bearish positions) pay for leverage. Meanwhile, the indicator has returned to a normal positive range on other exchanges, creating potential arbitrage opportunities on rates.

Source: X/joemccannJoe McCann, founder and CEO of Asymmetric Financial, said on X that “a very large market maker” must have been wiped out during Friday’s crash, which would explain the sharp price gaps across exchanges and the “insane dislocations” on Binance. Even if these assumptions prove short-lived, traders will likely wait longer before re-entering the cryptocurrency market.

Other market participants sharply criticized how exchanges handled liquidation triggers and derivatives pricing. Crypto.com CEO Kris Marszalek urged regulators to “conduct a thorough review of the fairness of practices,” pointing to downtimes affecting only certain users and the absence of compliance measures on “internal trading.”

Bitcoin’s unique qualities, which allow it to potentially benefit from rising demand for independent scarce assets, were not affected by Friday’s flash crash. However, traders’ short-term risk appetite has clearly diminished, which could delay the journey to a new all-time high by several weeks or months.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

A long-dormant Bitcoin stash moved into an exchange this week, renewing worries about old coins re-entering the market and the effect that could have on prices.

Mt. Gox Origins And Staggering Returns
According to blockchain tracker Lookonchain, a cluster of addresses tied to coins pulled from Mt. Gox more than 13 years ago sent 300 BTC to Binance in a single transaction.

Those coins were reportedly bought at about $11 each, meaning the original outlay was roughly $8,151. The transfer is now worth about $33.47 million, a mark-up of roughly 410,624%. Reports have disclosed that about 590 BTC still remain in the same group of addresses.

The market crash just woke up a sleeping Bitcoin OG, who deposited 300 #BTC($33.47M) to #Binance 2 hours ago.

He originally withdrew 749 $BTC($8,151 at the time) from #MtGox 13 years ago, when $BTC was just $11.

He moved 159 $BTC to a new wallet a year ago but didn’t sell —… pic.twitter.com/tSxgO0Mw5E

— Lookonchain (@lookonchain) October 12, 2025

Wallet Activity And What Changed
Last year, the same owner moved 159 BTC into a new wallet and then left it untouched. This recent move is different because the coins arrived in an exchange hot wallet, where they can be sold quickly.

Traders and market watchers noted the difference: one action kept coins on the chain, the other put them within reach of an order book. Whether the owner chooses to sell some or all of the 300 BTC is not known, but the presence of those funds on Binance makes rapid selling possible.

Market Moves And Flows
Bitcoin’s price recovered to about $115,000 on Monday, after dipping to $102,000 on Friday. That drop triggered billions in liquidations and left traders on edge.

Based on figures, ETFs recorded $2.7 billion in inflows over the last week, and institutional demand showed resilience despite the volatility. Still, the market’s calm is fragile; a large sell order from an old holder could change short-term supply dynamics quickly.

BTCUSD now trading at $114,199. Chart: TradingView
The move was flagged by on-chain analysts and then amplified across social platforms. Exchange inflows from wallets tied to early-era miners or Mt. Gox addresses tend to draw attention because they signal supply that was previously dormant coming back into circulation. In this case, the numbers are large enough to get traders’ attention.

Possible Scenarios And Risks
If some of the 300 BTC is sold, price pressure may increase, particularly during thin trading windows. Alternatively, the transfer could be part of estate consolidation or a decision to move funds to cold storage, in which case selling may not follow.

Market participants will watch wallet behavior closely: rapid withdrawals to multiple exchange addresses, for example, would likely be interpreted as a selling sign.

Featured image from Gemini, chart from TradingView

Crypto experts explain why blue-chip altcoins led the market recovery from the biggest liquidation event to date.

Summary

Ethereum, Solana, and XRP were among the best performers post-crash
The crash wiped out overleveraged positions, but institutional capital came back
Still, auto-deleveraging exposes underlying liquidity risks

The weekend crash, which led to the biggest crypto liquidation event to date, blindsided even experienced traders. However, what followed was unexpected. By Monday, Oct. 13, Ethereum bounced back above $4,000, Solana attracted fresh capital, and XRP reclaimed key levels.

The rapid rebound caught the attention of crypto experts and industry insiders. In remarks for crypto.news, they explained why blue-chip altcoins were leading the recovery after the $1 trillion crypto market crash.

Chart depicting Bitcoin daily liquidations at $19 billion, which crashed the price of Ethereum, Solana, and XRP | Source: Bitfinex Alpha
Ethereum leads rally on fundamentals and staking
Nic Puckrin, founder of Coin Bureau, pointed to Ethereum (ETH) quickly recovering the $4,000 level after the “bloodbath” during the weekend. The good news, according to Puckrin, is that the crash cleaned out excessive leverage. Still, he pointed to some lessons that exchanges should learn.

“The biggest shock over the weekend was that traders were forced out of even profitable positions due to auto-deleveraging (ADL) on exchanges – a risk management mechanism that most will have not even heard about,” Nic Puckrin, Coin Bureau. “It’s a blunt instrument that certainly deserves some scrutiny” he added.

According to Arthur Azizov, founder and investor at B2 Ventures, Ethereum remained strong thanks to its fundamentals and large share of staked tokens. This effectively limited selling pressure in this crucial period of volatility.

“Ethereum looks more resilient (than Bitcoin), as if it can hold above $4,200; it could target $4,500 or higher,” Arthur Azizov, B2 Ventures

Solana’s rebound shows bullish fundamentals
Viktor Fischer, CEO of RockawayX explains that Solana’s (SOL) recovery is contributing to a bullish case for the token. He explains that its scale, speed, and efficiency attract economic activity and, in turn, institutional capital.

“Solana supports meaningful economic activity, including $15.5B in stablecoins, 97% of tokenized equities’ daily trading volume since the June 2025 launch of xStocks, and $4.6B in tokenized real estate deals on Parcl,” Viktor Fischer, RockawayX.

XRP saw major ETF inflows
Analysts at B2BinPay point to XRP’s sharp rebound to $2.60, which recovered 35% from Friday’s lows. This was partially due to strong ETF inflows. This indicates that investors are more confident about XRP after it settled its legal issues.

“Exchange-traded crypto products saw nearly $6 billion in inflows earlier this month, including over $200 million into XRP-linked funds,” said analysts at B2BinPay. “It’s a strong sign that professional investors are adding exposure following Ripple’s legal settlement with the SEC in August.”

Despite a murky macro outlook, the quick rebound indicates strong fundamental demand from investors. They added that the technical outlook shows resistance at $2.80–$3.00. A weekly close for XRP above that level could mean a rally to $3.40–$3.70.

BNB Chain has launched a $45 million “reload airdrop” aimed at compensating users who suffered losses trading memecoins during Friday’s market crash.

The initiative will distribute BNB (BNB) tokens to more than 160,000 eligible addresses, the network said Monday. Aidrops will begin this week and be completed by early November.

BNB Chain is a blockchain network developed by Binance that is now maintained by a decentralized community. It powers the ecosystem’s native BNB token and supports applications across DeFi, gaming and digital assets.

According to Binance’s founder and former CEO Changpeng Zhao, rewards will be allocated randomly. Ecosystem partners such as Four Meme, PancakeSwap, Binance Wallet and Trust Wallet will help distribute the funds to eligible traders.

The airdrop follows a Friday market downturn that resulted in about $20 billion in liquidations across crypto markets, the largest single-day wipeout in the industry’s history.

On Monday morning, BNB hit a new all-time high of $1,370 per token, according to data from CoinMarketCap. The rebound came even as Binance faced backlash from users who accused the exchange of worsening the market turmoil during the crash.

Source: BNB Chain Binance’s response to the crypto sell-offA Truth Social post from US President Donald Trump threatening 100% tariffs on Chinese imports sent crypto markets into a historic liquidation on Friday, with Binance caught in the eye of the storm.

Several Binance users reported glitches in the system during the downturn that left them unable to exit their positions. One trader, SleeperShadow, wrote on X Saturday that Binance had “shut down their system during a major market crash,” leaving the trader “unable to close” futures positions.

Another flashpoint came from Ethena’s synthetic dollar, USDe, which dropped to $0.65 on Oct. 11 on Binance but remained near its $1 peg elsewhere. Guy Young, founder of USDe issuer Ethena Labs, said the depeg could be attributed to Binance using oracle data from its own orderbook, where liquidity was comparatively thinner, instead of an external price feed.

A third issue was that altcoins, including IoTex (IOTX), Enjin (ENJ) and Cosmos (ATOM), appeared to crash to $0 on Binance during the market downturn, despite being listed above $0 on other exchanges.

On Sunday, Binance released a “statement on recent market volatility” to address user concerns. The exchange wrote that it conducted a “comprehensive review” that confirmed its “core futures” remained operational during the market downturn.

Source: Binance.comBinance said the brief price collapse for specific spot pairs was caused by old limit orders being triggered amid thin liquidity during the sell-off. The exchange added that a separate “zero price” display glitch stemmed from a recent change in decimal settings, not from tokens actually falling to zero.

It also noted that forced liquidations on its platform comprised only a small share of total market activity, suggesting the volatility was primarily driven by broader market conditions rather than internal malfunction.

Still, Binance acknowledged that the depegging of USDE (as well as BNSOL and WBETH) caused some users holding these assets as collateral to have their positions liquidated. In response, the exchange has covered their losses, totaling $283 million.

Magazine: Memecoin degeneracy is funding groundbreaking anti-aging research

The cryptocurrency market is showing signs of recovery after the weekend’s bloodbath. Markets registered one of the largest selloffs in history after President Trump announced 100% tariffs on Chinese imports and new export controls on software. As a result, Bitcoin (BTC) plummeted to a low of $102,000 on Binance before recovering to reclaim $110,000. However, markets have put the weekend’s carnage behind them and have started the week in positive territory. BTC is up over 3% and has reclaimed the $115,000 level. The flagship cryptocurrency is trading around $115,305, up over 3% in the past 24 hours. 

Meanwhile, Ethereum (ETH) has reclaimed the $4,000 level after falling to a low of $3,504. The altcoin rallied late on Sunday and is up almost 9% over the past 24 hours, trading around $4,174. Ripple (XRP) has also recovered after plunging to a low of $1.849, and is up over 9%, trading around $2.61. Meanwhile, Solana (SOL) is up nearly 10% as it looks to reclaim the $200 level. Dogecoin (DOGE) is up over 11%, while Cardano (ADA) is up 10.70%, trading around $0.718. Chainlink (LINK) also made a strong recovery, up 12%, while Stellar (XLM) is up over 6%. Hedera (HBAR), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) have also registered substantial rallies over the past 24 hours. 

US Government Shutdown Enters Third Week The US government shutdown has entered its third week, leaving sixteen crypto ETFs in limbo should it continue into November. The US government came to a standstill on October 1, when Republicans and Democrats failed to reach a funding agreement. The shutdown has caused several government agencies, including the Securities and Exchange Commission (SEC), to operate with only essential staff. Meanwhile, the crypto industry, which expected a flood of ETF approvals in October, may have to wait a little longer as deadlines pass with no action taken. 

“Once the government shutdown ends, spot crypto ETF floodgates open… Ironic that growing fiscal debt & usual political theater are holding these up. Exactly what crypto is targeting.”

US-China Representatives Ease Trade Tensions Representatives from the US and China have moved to calm the heated rhetoric around trade ties after tension flared this week. President Trump announced 100% tariffs on Chinese goods and new export controls on key software after China moved to place restrictions on rare earth minerals, crucial for tech and AI. China’s Ministry of Commerce indicated it is willing to negotiate on its rare earth export control proposal and other trade discussions. The announcement came after President Trump stated in a post on Truth Social, 

“Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want depression for his country, and neither do I. The USA wants to help China, not hurt it!!!”

President Trump Considering Changpeng Zhao's Pardon President Trump is reportedly considering pardoning Binance founder Changpeng Zhao, amid ongoing discussions with the White House. According to individuals close to Zhao, the former Binance chief could soon receive a pardon after months of internal discussions at the White House. According to Charles Gasparino, senior business correspondent at FOX Business, discussions between Zhao’s representatives and White House officials have intensified in recent weeks. Gasparino stated on X, 

“People close to CZ, the former Binance chief ... say discussions inside the White House are heating up on the possibility of a pardon from. Many Trump insiders believe the fraud case against [CZ] was pretty weak, and certainly not something that merited a felony conviction and jail time.”

Zhao was one of the most influential figures in the crypto ecosystem. He was convicted of money laundering by the US Department of Justice, served time, and paid $4.3 billion in fines. Zhao remains the largest individual shareholder at Binance, and a presidential pardon could clear the way for a formal return to the exchange he founded in 2017. 

Trader Who Shorted Bitcoin (BTC) Opens More Bearish Positions A crypto trader who made $192 million after a suspiciously timed bet just before the market crash has opened up more bearish positions. The whale trader has opened a $163 million leveraged perpetual contract to short Bitcoin (BTC). The position is currently valued at $3.5 million in profit, and will be liquidated if BTC crosses $125,500. The trader caught the community’s attention after opening a short position just minutes before President Trump’s tariff announcement, which sent the markets plummeting. As a result, the trader in question pocketed $192 million in profits. 

The community believes the trader is an “insider whale” because of the timing of the trades. Some members believe the trader was the reason for the leverage flush that crashed the market. 

“The crazy part is that he shorted another nine figures worth of BTC and ETH minutes before the cascade happened. And this was just publicly on Hyperliquid, imagine what he did on CEXs or elsewhere. I’m pretty sure this guy played a huge role in what happened today.”

Bitcoin (BTC) Price Analysis Bitcoin (BTC) and the broader cryptocurrency market recovered on Monday after the weekend’s collapse, which saw the market plunge and wipe out billions in leveraged positions. The market was reeling since Friday and collapsed after President Trump announced 100% tariffs on Chinese goods and new export controls for software. BTC fell to an intraday low of 102,000 on Binance before recovering and closing the day around $112,980. Selling pressure persisted on Saturday as the price fell nearly 2% to $119,768. However, markets rebounded on Sunday, rising almost 4% to reclaim $115,000 and settle at 115,067. BTC is marginally up during the ongoing session, trading around $115,305. 

BTC will look to decisively reclaim $116,000 as positive sentiment returns after the weekend crash. A tariff announcement by President Donald Trump was all it took to spark chaos in the market. However, the recovery has seen BTC recoup almost 50% of its losses already. The Kobeissi Letter stated, 

“If you include the after-hours drop-in futures, the S&P 500 is up +120 points at the open. This has effectively erased 50% of the decline seen late last week. Now, we await more guidance from the Trump Admin.”

The cryptocurrency market has recouped nearly half a billion dollars since Friday’s crash. With some traders timing the market perfectly, the Kobeissi Letter described the event as “one of the largest wealth transfers in crypto history.” Meanwhile, BTC traders face a dilemma this week, wondering if the worst is over or whether there is more downside to come. One trader believes there is more downside, stating in a post on X, 

“Last week’s flash crash perfectly bounced off our diagonal uptrend support from August 2024 at 40k. I’m looking for at least a retest of 108, but as many of you know, HTF has bearish indications. Will check 1D when we get an intra support retest at 107-108.”

However, the flagship cryptocurrency has made a strong recovery and is trading in positive territory. On-chain activity shows that volatility has cooled, and traders anticipate a positive showing this week, with market watchers expecting a relief bounce. BTC trader Skew noted in a post on X, 

“Can see a case of a relief bounce going into weekly open / futures open. Both always bring important flows from the aspect of a macro backdrop, as we currently have. Plus thin market atm so careful with margin positions especially in alts.”

Fellow trader HTL-NL stated that while markets are unpredictable, the possibility of a crash was low. 

“You never know what the W close and next week will bring, of course, especially since legacy barely had time to respond to Trump. However, I am not overly worried. Everything was poised for a correction anyway, but it all got amplified, and we had a system breakdown.”

BTC traded in bullish territory last week, and began the previous week with a 1.41% increase to $122,318. The price registered a marginal rise on Saturday before reaching an intraday high of $125,750 on Sunday. BTC ultimately ended the weekend at $123,520, up 0.87%. Buyers retained control on Monday as the price rose 0.97% and settled at $124,720, but not before reaching an intraday high of $126.296. BTC lost momentum on Tuesday, falling almost 3% to $121,393. The price recovered on Wednesday, rising nearly 2% and settling at $123,343.

Source: TradingView

Selling pressure returned on Thursday as BTC fell 1.32% to a low of $119,713 before settling at $121,714. BTC and the crypto market crashed on Friday after President Trump announced 100% tariffs on Chinese goods and new export controls for software. The announcement was in retaliation for China's imposing restrictions on rare earth mineral exports. As a result, BTC plunged to $102,000 on Binance before recovering and settling at $112,980. Selling pressure persisted on Saturday as the price fell almost 2% to $110,768. Despite the overwhelming selling pressure, markets recovered on Sunday. As a result, BTC rose nearly 4% to reclaim $115,000 and settle at $115,067. The price is marginally up during the ongoing session, trading around $115,220. However, the MACD remains bearish, indicating that sellers still have the upper hand. 

Ethereum (ETH) Price Analysis Ethereum (ETH) is marginally up during the ongoing session as it recovers after Friday’s crash. The world’s second-largest cryptocurrency plunged to a low of $3,444 on Friday as markets crashed before recovering to settle at $3,836. Selling pressure persisted on Saturday as the price fell over 2% to $3,752. Despite the selling pressure, ETH rebounded on Sunday, rising almost 11% to reclaim $4,000 and end the weekend at $4,158. 

While altcoin reclaimed $4,100 on Sunday, it has struggled to build momentum during the ongoing session. ETH’s recovery has eased some of the losses from Friday’s crash, with over $3.80 billion in leveraged long positions liquidated. However, analysts believe ETH reclaiming $4,000 marks the end of the short-term correction. Additionally, the funding rate on ETH perpetual futures has dropped to -14%. This means short traders are paying to keep their positions open. This is an unsustainable scenario in the long term. The setup also indicates growing fears that some market makers or exchanges could be facing solvency issues. 

There is also uncertainty about whether exchanges will reimburse traders for mismanagement linked to cross-collateral margins and oracle pricing. Analysts expect markets to remain cautious until a detailed post-mortem of the crash and its impact has been issued. However, ETH monthly futures absorbed the shock in less than two hours, quickly regaining the minimum 5% premium required for a neutral market. According to market experts, the lack of demand for leveraged long positions in perpetual contracts reflects weak product design rather than strong bearish sentiment. However, uncertainty is expected to persist until market makers regain confidence. 

However, analysts point out that BTC and ETH did relatively better than other altcoins. 

“BTC and ETH did relatively well compared to the long-tail of alts, which nuked 70% or more, with some even going down 95% or more. I'm not usually into conspiracies, but clearly this was not normal market behavior.”

ETH started the previous weekend in positive territory, registering a marginal increase on Friday. However, it fell 0.55% on Saturday and settled at $4,487. Positive sentiment returned on Sunday as the price rose 0.62% to reclaim $4,500 and settle at $4,515. Buyers retained control on Monday as ETH rose almost 4% to cross $4,600 and settle at $4,685. Despite the positive sentiment, the price fell by over 5% on Tuesday, settling at $4,451. ETH recovered on Wednesday, rising 1.68%, but was back in the red on Thursday, dropping 3.47% and settling at $4,369.

Source: TradingView

ETH plunged to an intraday low of $3,444 on Friday after President Trump announced 100% tariffs on Chinese imports and export controls on key software. It recovered from this level to settle at $3,836, ultimately dropping over 12%. Selling pressure persisted on Saturday as the fell 2.21% to $3,752. ETH recovered on Sunday, rising nearly 11% to reclaim $4,000 and settle at $4,158. ETH is marginally up during the ongoing session, trading $4,165. 

Solana (SOL) Price Analysis Solana (SOL) is looking to reclaim the $200 level after falling to a low of $170 during Friday’s flash crash. The altcoin ultimately ended the day at $188 but continued dropping on Saturday, falling nearly 6% to $177. Markets recovered on Sunday, and SOL rose almost 11% to $197. However, the price is marginally down during the ongoing session, trading around $195. 

Analysts had warned that SOL risked losing $200, considered SOL’s make-or-break level. The altcoin is struggling to build momentum during the ongoing session. However, analysts remain optimistic about SOL’s prospects and an end-of-year rally that could take its value past $300. One trader stated that another pullback could be expected before SOL pushes above $300. 

“$320 remains the target. Pull back first, though.”

SOL started the previous weekend in the red, dropping nearly 1% on Friday and over 2% on Saturday to settle at $227. The price recovered on Sunday, reaching an intraday high of $237 before settling at $238. Buyers retained control on Monday, rising almost 2% and settling at $232. Despite the positive sentiment, SOL returned to bearish territory on Tuesday, dropping over 5% to $220. Despite the overwhelming selling pressure, the price recovered on Wednesday, rising over 4% to $229.

Source: TradingView

Selling pressure returned on Thursday as SOL fell 3.52% to $221. Selling pressure intensified on Friday as markets tanked. As a result, SOL plunged to an intraday low of $170 before settling at $188, ultimately dropping over 14%. Sellers retained control on Saturday as the price fell almost 6% to $177. SOL made a strong recovery on Sunday, rising nearly 11% and settling at $197. SOL is down over 1% during the ongoing session, trading around $194.

Polkadot (DOT) Price AnalysisPolkadot (DOT) traded in the red over the previous weekend, dropping 2.96% on Saturday and 1.36% on Sunday to settle at $4.13 after reaching an intraday high of $4.37. Despite the overwhelming selling pressure, the price recovered on Monday, rising over 6% to reclaim $4.30 and settle at $4.39. DOT was back in the red on Tuesday, dropping nearly 6% to $4.14. The price recovered on Wednesday, rising 1.28%, but returned to the red on Thursday, falling almost 3% to $4.07.

Source: TradingView

DOT plunged to an intraday low of $2.86 on Friday as markets collapsed. However, it recovered from this level to reclaim $3 and settle at $3.13, ultimately dropping a staggering 23%. Selling pressure persisted on Saturday as the price fell by over 4% to $3. DOT recovered on Sunday as part of a broader market recovery, rising over 8% and settling at $3.24. The price is up over 1% during the ongoing session, trading around $3.28.

Jupiter (JUP) Price AnalysisJupiter (JUP) ended the previous weekend in the red, registering a marginal decline to $0.454. The price recovered on Monday, rising 3.53% to $0.470. Despite the positive sentiment, JUP lost momentum on Tuesday, falling nearly 6% to $0.443. Buyers returned to the market on Wednesday with the price rising 1.66% to $0.450.

Source: TradingView

Selling pressure returned on Thursday as JUP fell over 4% and settled at $0.431. Bearish sentiment intensified on Friday as the price plunged to an intraday low of $0.107. JUP rebounded from this level to settle at $0.329, ultimately dropping nearly 24%. Despite the overwhelming selling pressure, the price recovered on Saturday, rising 2.31% to $0.336. Bullish sentiment intensified on Sunday as JUP rose almost 11% and settled at $0.372. JUP is marginally down during the ongoing session, trading around $0.372.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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