Market Signal Briefing

BitMine's total crypto and cash holdings have now hit $12.9 billion, and the company owns more than 2.5% of Ethereum's circulating supply.

The protocol is expected to go to a validator vote later this year, introducing pooled lending and underwritten credit natively on the XRPL.

Institutional traders gain new risk management tools as regulated digital asset options move further into mainstream finance.

Key Takeaways

CME Group launched CFTC-regulated options on Solana and XRP futures, expanding its crypto derivatives offerings.
These physically settled contracts enable institutional traders to manage risks more effectively.

CME Group, the world’s leading derivatives marketplace, has launched CFTC-regulated options on Solana and XRP futures, expanding institutional access to crypto derivatives trading.

The new products provide physically settled contracts that enhance risk management tools for institutional traders.

Solana, a blockchain network focused on high-speed transactions, joins XRP, a cryptocurrency tied to cross-border payments, as the latest digital assets available for regulated options trading on major exchanges.

The launch marks another step toward broader crypto adoption in compliant institutional environments, as trading firms seek hedging strategies amid evolving blockchain applications.

Disclaimer

Strategy (formerly MicroStrategy), the largest corporate holder of Bitcoin, is back with another big buy. 

The Bitcoin-focused firm, led by Michael Saylor, has expanded its Bitcoin holdings once again, even as the crypto market faced heavy turbulence.

Strategy Adds 220 BTC to Its TreasuryStrategy has purchased an additional 220 Bitcoin at an average price of $123,561 per coin during the recent market dip. 

With this new purchase, Strategy now holds a total of 640,250 Bitcoin, currently valued at approximately $79 billion. It has also achieved a Bitcoin yield of 25.9% year-to-date (YTD). 

The disclosure also revealed that Strategy sold shares of STRF, STRD, and STRK, raising $19.8 million, $5.8 million, and $1.7 million, respectively. The proceeds from these sales were used to fund the company’s latest Bitcoin purchases. 

Notably, Saylor had hinted at this new Bitcoin buy a day earlier.

https://twitter.com/saylor/status/1977356507894210979/photo/1

Strategy Resumes Bitcoin BuysThe latest Bitcoin purchase comes after the crypto market saw record-breaking liquidations. Bitcoin’s price had plunged down to nearly $105k levels before marking a slight recovery.

This acquisition marks the company’s return to its regular buying schedule after a brief pause last week. For the quarter ending September 30, the company reported an unrealized gain of $3.89 billion on its digital assets, with a deferred tax expense of $1.12 billion. As of the same date, the carrying value of the company’s digital assets was $73.21 billion, accompanied by a deferred tax liability of $7.43 billion.

Now, MSTR is trading around $307 in premarket hours. The stock has dropped nearly 16% in the last five days. 

Other Firms Are Also Buying the DipAlongside Strategy, other firms also continued buying Bitcoin amidst the price dips. 

Marathon Digital (MARA), the leading Bitcoin miner purchased 400 BTC worth $46 million through FalconX, adding to its steadily growing treasury.

The London-listed Smarter Web Company also continued its steady accumulation under its “10 Year Plan.” It is UK’s largest publicly traded company holding Bitcoin on its balance sheet, and now holds a total of 2,650 Bitcoin.

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Bitcoin Core version 30.0 has been released and brings new features, bug fixes, performance improvements, and updated translations. Notable changes include a 2,500-limit on potentially executed legacy signature operations per standard transaction, increased default datacarriersize with support for multiple OP_RETURN outputs, lower default relay and incremental feerates (0.

Cover image via U.Today

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XRP Ledger is closing in on 100 million ledgers, a historic milestone for the network, which launched in mid-2012. XRP Ledger dUNL validator Vet brings this fact to the spotlight in a recent tweet.

According to xrpscan data, the current ledger count is 99,490,488, with a remaining 509,512 for the XRP Ledger to reach the historic 100 million ledger milestone.

Good Morning to everyone, especially to those who made it possible over all the years to have us close soon the 100 million ledger mark on the XRPL. pic.twitter.com/fwrMUd3lMC

— Vet 🏴‍☠️ (@Vet_X0) October 13, 2025 The XRP Ledger first launched in June 2012, although its early development began in 2011 by the trio of David Schwartz, Jed McCaleb and Arthur Britto, who, fascinated with Bitcoin, sought to build a distributed ledger that improved upon its fundamental limitations, with the goal of creating a digital asset that was more sustainable and built specifically for payments.

This vision birthed XRP, currently the fifth largest cryptocurrency by market cap, according to CoinMarketCap data.

HOT Stories

XRP, XRP Ledger and Ripple USD (RLUSD) passed a stress test on the market following a crash that saw over $19 billion in liquidations over the weekend; XRP rebounded while RLUSD continues to maintain its $1 USD peg.

XRP price reboundsXRP clawed back losses following Friday’s crash from $2.83 to $1.77, rebounding from a 41% collapse to reach $2.64 early Monday.

XRP rebounded significantly, recovering in market value, which is currently  $157.11 billion after a tariff-driven collapse over the weekend.

Buyers sharply bought Friday's dip of $1.77, with prices rising for the third day to $2.64. At press time, XRP was up 9.24% in the last 24 hours to $2.62 but down 12.87% weekly.  It is a good thing that XRP is now trading above its daily moving average 200 at $2.57. It will be watched in coming sessions to see if XRP holds above that level to target levels at $2.89 (the daily MA 50) and $3.

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Michael Saylor, the executive chairman behind Strategy’s massive Bitcoin reserves, shared a short but powerful message on X: “Don’t Stop Believin’.” The post featured a dark Bitcoin chart titled “Bitcoin Price With Purchases” and drew millions of views within hours.

The phrase — a clear nod to the iconic 1980’s rock song “Don’t Stop Believin’” by Journey — carried a familiar message of perseverance, one that resonated deeply with Bitcoin supporters weathering market swings.

Bitcoin Holders Receive A Short Message
According to public records, Strategy (formerly MicroStrategy) holds roughly 640,031 BTC, with an average cost basis near $73,981 per coin. That stockpile is now worth tens of billions of dollars on paper, depending on the market price at any moment.

Reports have disclosed that the firm logged nearly $4 billion in fair-value appreciation of its bitcoin holdings in the most recent quarter.

Don’t Stop ₿elievin’ pic.twitter.com/LUMroqLSCl

— Michael Saylor (@saylor) October 12, 2025

Saylor’s note was brief, but the numbers behind it are large. Strategy’s BTC position and the gains tied to it make any public remark from Saylor read not just as commentary but as a signal that a major corporate holder remains committed.

Market Reaction And Sentiment
Markets reacted in small but visible ways after the post. Strategy’s shares moved higher in premarket trading around the same time other headlines noted rising pressure on crypto markets and heavy liquidations.

Some outlets reported that around $19 billion vanished in recent crypto liquidations during a sharp sell-off, a backdrop that likely made Saylor’s message feel like a morale boost to some traders.

A few analysts and commentators took the tweet as a reminder that Strategy still views bitcoin as core to its balance sheet. Others read it as plain encouragement to holders: stay steady during volatility.

Based on reports, the firm did not add to its holdings in the prior week, even as bitcoin’s price rallied, a fact that some investors found noteworthy.

BTCUSD currently trading at $114,986. Chart: TradingView
What The Message Could Signal
Short messages from high-profile holders sometimes precede action, and at other times they are purely rhetorical. Reports have noted both possibilities after this post.

Some crypto outlets suggested the tweet might hint at future accumulation; others framed it as a morale nudge amid a volatile session. Public company disclosures remain the reliable record for any fresh purchases.

What Investors Should Keep In Mind
The post is a public expression of confidence, not a directive to buy. According to filings and press coverage, Strategy’s bitcoin holdings and recent fair-value gains make Saylor’s voice influential, but actual investment decisions should be based on documented trades, earnings releases, and one’s own research.

Featured image from Pexels, chart from TradingView

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Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Key NotesOver $446 million worth of altcoins are unlocking between October 13–20.FTN, CONX, ARB, and DRB lead major one-time unlocks, while SOL and WLD dominate linear releases.Analysts say Bitcoin’s dominance could soon peak.
The crypto market should brace for a potential wave of volatility as over $446 million worth of altcoins are set to unlock between Oct. 13 and Oct. 20, according to data from Tokenomist.

The releases are split between one-time and linear unlocks, with FTN leading the one-time unlocks, releasing 4.62% of its total supply (worth about $40.2 million).

According to Tokenomist, over the next 7 days, major one-time unlocks (over $5M) will include FTN, CONX, ARB, DRB, STRK, SEI, ZK, and APE. Major linear unlocks (over $1M per day) will involve SOL, TRUMP, WLD, DOGE, IP, AVAX, ASTER, TIA, SUI, ETHFI, DOT, TAO, and STBL. The total… pic.twitter.com/rSsjvCNhEJ

— Wu Blockchain (@WuBlockchain) October 13, 2025

CONX will unlock $32.93 million (3%), and ARB will release 92.65 million tokens valued at $30.69 million (1.71%). DRB will unlock over 618 million tokens, 17.59% of its supply, though its total value remains modest at $18.28 million.

Other notable tokens seeing substantial unlocks include STRK, SEI, ZK, and APE.

SOL Tops Linear Unlocks
On the linear side, Solana

SOL
$192.3

24h volatility:
5.9%

Market cap:
$105.06 B

Vol. 24h:
$12.27 B

tops the list with a $97.75 million unlock, representing just 0.09% of its circulating supply, followed by WLD ($37M), TRUMP

TRUMP
$6.33

24h volatility:
6.7%

Market cap:
$1.27 B

Vol. 24h:
$543.15 M

($30.42M), and DOGE

DOGE
$0.21

24h volatility:
8.8%

Market cap:
$31.22 B

Vol. 24h:
$5.67 B

($20.31M).

While some of these represent relatively small percentages, others such as STBL, unlocking 10.64% of its supply, could face a significant sell-off.

These token releases could inject additional supply into the market, potentially leading to temporary dips, particularly for low-liquidity projects.

Bitcoin’s Dominance Could Be Peaking
While Bitcoin

BTC
$114 618

24h volatility:
2.4%

Market cap:
$2.28 T

Vol. 24h:
$97.10 B

has remained the dominant force in recent weeks, analysts suggest the asset may be entering a “risky” phase relative to altcoins.

According to crypto analyst Dan Gambardello, market conditions are beginning to resemble those of early 2021, a period that preceded a major altcoin rally.

Altcoins STILL Less Risky Than Bitcoin (The SHIFT Is Real)

Intro 00:00
Part 2 00:10
BTC dominance upside target 2:30
Altcoin / BTC cycle data 4:00
Altcoin risk 6:20
Ethereum price analysis 8:50 pic.twitter.com/oTJDIOq4Dh

— Dan Gambardello (@cryptorecruitr) October 13, 2025

Bitcoin dominance, currently hovering near key moving averages, could face resistance soon, potentially signaling the start of an altcoin resurgence.

The analyst compared this setup to historical phases following large-scale liquidation events, such as the COVID crash of March 2020 and the recent $19 billion liquidation.

Both events marked the start of new crypto bull cycles, where Bitcoin’s initial strength was followed by altcoin outperformance.

Altcoins Enter Low-Risk Accumulation Zone
Data from multiple risk models show that altcoins are currently in a low-risk accumulation phase. Gambardello highlighted that altcoin risk scores hover around 20, well below the overheated 80+ levels seen at previous market tops.

Ethereum, often seen as the pioneer for the broader altcoin rally, shows a risk score of just 47. As ETH

ETH
$4 108

24h volatility:
7.3%

Market cap:
$495.68 B

Vol. 24h:
$60.50 B

steadies, it could lead the next wave of altcoin rallies, much like it did in 2021, added Gambardello.

ETH leading to altcoin rallies in previous cycles | Source: Dan Gambardello

Bitcoin Hyper Raises $23.4 Million in Presale
While altcoins decide their next move, Bitcoin Hyper (HYPER) is drawing major attention during its ongoing presale. As excitement builds, the project is positioning itself as one of the most promising innovations in the Bitcoin ecosystem.

Bitcoin Hyper aims to address the network’s long-standing challenges, including slow transaction speeds, high fees, and the lack of native smart contract functionality.

The team behind Bitcoin Hyper is developing a next-generation Layer 2 solution that uses an optimized virtual machine to dramatically enhance transaction performance.

By processing transactions faster and at lower costs while remaining securely anchored to Bitcoin’s base layer, HYPER offers a seamless blend of scalability and security — two features that Bitcoin users have been demanding for years.

Investors are also being rewarded for their early confidence in the project. HYPER’s staking program offers 50% annual percentage yield (APY) on staked tokens, giving backers the chance to earn substantial passive rewards while supporting the network’s growth and decentralization.

HYPER Tokenomics and Presale Details
Bitcoin Hyper’s native token, HYPER serves as the network’s core utility asset. It powers essential functions such as transaction payments, staking rewards, and access to advanced features across the Layer 2 environment.

Currently, the token is priced at $0.013105, becoming one of the best penny crypto this season.

HYPER Token Snapshot:

Ticker: HYPER
Presale Price: $0.013105
Funds Raised: $23.39 million

What will happen next? Read our Bitcoin Hyper price prediction.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

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A crypto derivatives trader known for making $192 million during last week's market collapse returned with two short bets on Sunday. Blockchain data showed trader 0xb317 opened a $163 million leveraged short on Bitcoin through the decentralized derivatives exchange Hyperliquid.

Mon, 13/10/2025 - 12:38

Shiba Inu secured enormous outflow from exchanges in last 24 hours, hinting at lack of selling pressure

Cover image via U.Today

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

For Shiba Inu, the last 24 hours have been chaotic, with over 408 billion SHIB tokens abruptly and unexpectedly draining liquidity from centralized exchanges. Because it happened during a widespread market crash, when the majority of investors were selling rather than withdrawing their holdings, this event is especially noteworthy.

SHIB's protocols wind downExchange inflows tend to increase during market-wide sell-offs as traders scramble to get rid of their positions. This time, though, SHIB witnessed the opposite: an atypical spike in withdrawals from significant exchanges. As a result, there may be a shift away from panic selling and toward accumulation, as more holders move their assets to cold storage or DeFi protocols (considering the market conjuncture, the last one is more likely).

SHIB/USDT Chart by TradingViewTechnically speaking, SHIB’s price action presents a conflicting image. The token hit a local low close to $0.0000075 before crashing violently below the $0.0000100 support, and then rising back toward $0.0000109. The volume recovery suggests potential stabilization, but the daily chart clearly breaks out of a descending wedge pattern. The 200-day moving average, which SHIB has used historically as a psychological support zone, is currently being tested for lower bounds. 

HOT Stories

SHIB's price analysisThe subsequent resistance is located between $0.0000126 and $0.0000134, which is the convergence area of the token’s 50-day and 100-day moving averages, if it is able to maintain above this level and draw consistent buying pressure.

Nonetheless, market sentiment is still brittle, in spite of the partial recovery. The Relative Strength Index (RSI), which is slightly above 41, indicates that bulls have little conviction and little momentum. The spike in exchange outflows may be a sign of confidence, in contrast to the general panic, as whales or long-term holders are using the crash to reposition.

For the time being, however, SHIB’s rally potential is limited unless on-chain activity and liquidity return. The exodus of 408 billion SHIB essentially highlights a paradox: although traders are alarmed by market volatility, the most patient investors might already be getting ready for the next stage of accumulation, discreetly and outside of exchanges.

Related articles

Bitcoin price maintains strength above $114,000 as Strategy announces the purchase of 220 more BTC for $27.2 million, bringing its total holdings to 640,250 BTC. The purchase comes amid a broader trend of corporate treasury adoption, with multiple companies adding Bitcoin to their balance sheets.

Bitcoin price has recovered above $114,000 following Strategy’s latest Bitcoin purchase announcement, as corporate treasury adoption of Bitcoin continues to accelerate. The world’s largest corporate bitcoin holder revealed it acquired an additional 220 BTC for approximately $27.2 million, at an average price of $123,561 per bitcoin.

Strategy now holds 640,250 BTC worth, representing about 3.1% of Bitcoin’s total supply. The latest purchase was funded through proceeds from the company’s various at-the-market (ATM) offering programs, which raised $27.3 million during the period of October 6-12, 2025.

Strategy’s continued Bitcoin accumulation comes amid a broader trend of companies adding Bitcoin to their corporate treasuries. DDC Enterprise Limited recently completed a $124 million equity financing round to advance its bitcoin treasury strategy.

We’re seeing an unprecedented wave of corporate treasury adoption. Unlike previous cycles, firms are now directly adding Bitcoin into their corporate treasuries, treating it as a major store of value and hedge against inflation.

The acceleration in corporate Bitcoin adoption comes as U.S. spot Bitcoin ETFs continue to see strong inflows. BlackRock’s IBIT ETF recently surpassed 800,000 BTC in assets under management, valued at approximately $97 billion.

Strategy utilised multiple financing vehicles to fund its latest Bitcoin purchase, demonstrating the company’s sophisticated approach to building its Bitcoin position. The company raised $19.8 million through its STRF ATM program, $1.7 million via STRK ATM shares, and $5.8 million from STRD ATM offerings.

The company has established several significant ATM programs, including a $2.1 billion STRF program, $4.2 billion STRC program, $21 billion STRK program, $4.2 billion STRD program, and $21 billion MSTR common stock program, showcasing its commitment to continued Bitcoin acquisition.

Bitcoin’s price has shown resilience above $114,000, supported by growing institutional demand through both corporate treasury additions and ETF inflows.

The combination of corporate treasury adoption and ETF inflows is creating persistent structural demand. This cycle is distinctly different from previous ones, with institutions treating Bitcoin as a strategic reserve asset.

The trend of companies adding Bitcoin to their balance sheets shows no signs of slowing, with more firms expected to announce treasury allocations in the coming months. This growing corporate adoption, combined with strong ETF demand and the upcoming Bitcoin halving, continues to support positive market sentiment.

Strategy’s latest purchase reinforces its position as the largest corporate Bitcoin holder and demonstrates the company’s long-term commitment to Bitcoin as a treasury reserve asset. As more companies follow suit, the corporate treasury trend appears to be evolving from an experimental approach to an established treasury management strategy, fundamentally changing how institutions view and interact with Bitcoin.

Vivek Sen

Vivek has been fascinated by Bitcoin since he discovered it in 2016. He also runs a Bitcoin marketing agency, Bitgrow Lab, and he used to work at a Bitcoin VC fund, Lightning Ventures. He loves growth, marketing, startups, and writing. He is an EU news reporter for Bitcoin Magazine.

TL;DR

Hyperliquid has implemented the HIP-3 upgrade, allowing users to launch their own futures exchanges.
The new exchanges (vaults) will run in isolation, without affecting the main exchange’s liquidity.
The move aims to stimulate innovation and competition within the decentralized finance (DeFi) ecosystem.

Hyperliquid, the decentralized finance (DeFi) protocol, has taken a bold step toward total decentralization. They have activated their HIP-3 improvement proposal, an update that allows any user or developer to launch their own perpetual futures exchanges on the platform’s infrastructure—a milestone that promises to transform the derivatives trading landscape.

Until now, creating trading platforms was reserved for teams with deep technical knowledge and significant resources. However, Hyperliquid’s new functionality removes these barriers, opening the door to a new era of innovation.

A New, Simplified Era of Innovation
The creation of decentralized futures exchanges, or “vaults” as the protocol calls them, is radically simplified. Each new market will be able to operate independently, with its own order book and liquidation manager. This ensures that its performance does not affect the liquidity or stability of Hyperliquid’s main exchange.

This “isolated markets” architecture is key, as it mitigates systemic risks. Vault creators will be able to list any asset they wish, from popular cryptocurrencies to niche tokens, without needing approval from the core Hyperliquid team. This approach fosters a more diverse and competitive ecosystem, where good ideas can thrive based on their own merit and community adoption.

With this move, Hyperliquid not only enhances its platform but also challenges the traditional model of centralized exchanges. The ease of creating decentralized futures exchanges could attract a new wave of developers and traders to the DeFi ecosystem, accelerating innovation and offering users a much wider range of options for speculation and risk hedging.

The community is eagerly watching to see how this democratization of trading will impact the sector’s dynamics in the coming months.

Journalist

Posted: October 13, 2025

Key Takeaways
Why is Fartcoin rising again?
Whales accumulated 33 million tokens and Spot Netflows turned negative, showing renewed confidence and reduced selling pressure.

Can this uptrend continue?
The Stochastic RSI’s bullish crossover and 64% long dominance suggest buyers may push toward EMA20 at $0.59.

After dropping to a low of $0.17, Fartcoin [FARTCOIN] rebounded sharply, defending the $0.4 support before rising to $0.45 and stabilizing near $0.43 at press time. It marked a 25.24% daily gain.

Its market cap climbed 28.39% to $470 million, signaling renewed inflows after a volatile week.

But what’s behind the memecoin’s recovery?

Fartcoin whales turn buyers again
On the 11th of October, after panic selling earlier in the crash, whales returned to accumulate as prices steadied.

Data from Nansen showed the top 100 addresses boosted their balances by 27.57%, adding about 33 million tokens.

Source: Nansen

Typically, when large holders turn to accumulation, it signals a shift in market sentiment, as they become optimistic again. Historically, increased buying pressure from this group has preceded higher prices. 

At the same time, exchange data confirmed the accumulation trend.

According to CoinGlass, Fartcoin’s Spot Netflow turned negative after being positive for two consecutive days. 

Source: CoinGlass

As of this writing, Netflow was -$1.03 million, indicating increased outflows. Often, a higher buying pressure on exchanges precedes higher prices as upward pressure mounts. 

Derivatives interest builds
Importantly, as the market rebounded, investors rushed into the market to take a strategic position in the futures market. 

According to CoinGlass, Derivatives Volume surged 23.7% to $1.41 billion while Open Interest soared 24% to $249 million. In total, Futures recorded $422.8 million in inflows compared to $416.2 million in outflows in 24 hours. 

Source: Coinglass

Most of this activity came from the long side.

According to Coinalyze, Fartcoin Long/Short Ratio hit 1.82, with 64% of open positions favoring longs — showing strong speculative optimism for further price recovery.

Source: Coinalyze

Momentum indicators hint at upside
According to AMBCrypto, FARTCOIN rebounded as whales turned to accumulating, accompanied by demand for futures positions.

For that reason, the memecoin’s Stochastic RSI made a bullish crossover, rising to 23, although it remains oversold.

Such setups often mark early reversal points if buying momentum sustains. If bulls maintain pressure, the next key resistance lies near the EMA20 at $0.59, followed by EMA50 at $0.71 — both aligning with pre-crash zones.

Source: TradingView

However, a shift in sentiment, with sellers retaking the market again, Fartcoin could retrace to $0.4, with $0.32 as critical support.

The ETH price prediction suddenly turned extremely bullish after Ether tested the $4,800 resistance level. These surges came after Bitcoin broke its previous ATH and briefly touched the $125,000 mark.

Ethereum has since failed at breaking that resistance, and fell down to a strong support level at $4.3K.

However, while Ethereum’s price jumps look impressive, it has limited potential to bring massive ROI compared to newer projects.If you’re hunting for the best altcoins that could multiply your investment 50X or 100X, presale tokens like Pepenode and Maxi Doge deserve your attention. 

Let’s see why Pepenode and Maxi Doge could be some of the best altcoins to buy right now.

Ethereum Pushes Toward $5K as Institutional Money Floods In
Ethereum is heating up in October with some serious institutional backing. ETH currently trades at $4,339, down slightly by 1.02% in the last 24 hours, with a market cap of $523.9 billion. 

Institutional investors poured $176.6 million into Ethereum ETFs in just one day on October 6, with BlackRock alone accounting for $92.6 million of that total. October has already seen $621.4 million in total ETF inflows, more than double what September brought in.

The supply situation is getting tight too. Exchange supply dropped to levels we haven’t seen since 2016 because institutions are pulling ETH off exchanges and holding it. Standard Chartered just bumped their 2025 ETH target up to $7,500, pointing out that treasury companies and ETFs have grabbed 3.8% of all ETH in circulation since June.

Right now, ETH has strong support around $4,300, and analysts think it could push to $4,700 or even $4,900 by mid-October if the buying keeps up. 

History shows Ethereum usually gains about 24% in Q4, and surges above $4,000, some analysts see a path to $7,000 or $8,000. Those ETH price prediction numbers look decent, but they’re nothing compared to what presale altcoins can deliver in the coming months.

Maxi Doge ($MAXI) – High-Risk Meme Coin That Lets You Trade With Massive Leverage
Maxi Doge is one of the best altcoins to buy now if you’re the type who likes taking massive risks for potentially massive rewards. This meme coin gives you access to 1000X leverage trading with zero stop-loss protection, which means a winning trade could explode your investment overnight. 

The flip side is just as extreme – one bad call and your position vanishes in seconds, so you really need to know what you’re doing before jumping in.

The whole vibe around Maxi Doge centers on its mascot character. Maxi the dog is basically that gym bro trader who lives for gains, both in the weight room and on the crypto charts. If you’re the kind of person who goes all-in and doesn’t play it safe, then $MAXI tokens might be exactly what you need.

The presale has pulled in close to $3 million so far and shows no signs of slowing down. Early buyers who grab $MAXI tokens now can stake them and earn 119% APY while they wait for the DEX listing. Head over to the official Maxi Doge website and lock in your tokens before the presale window closes in the coming weeks.

Pepenode ($PEPENODE) – Gaming Meets Crypto in This Earn-While-You-Play Token
Pepenode deserves a spot on any list of best altcoins because it has tangible real-world utility that most meme coins lack. Instead of waiting around for hype to drive prices up, you earn tokens by managing a virtual crypto mining game. The whole setup revolves around collecting and arranging different node types to maximize your reward output.

The mechanics aren’t complicated but they require some planning. Different nodes provide unique multipliers and benefits when you slot them into your setup. Smart players figure out the best combinations early and use their earned tokens to keep expanding their operations faster than everyone else.

Right now the presale raised around at $1.8 million raised and offers staking 722% APY returns. Those are the kind of numbers that don’t stick around once projects hit exchanges. Visit the Pepenode website and grab your first batch before the price explodes after listing.

Final Thoughts – Should You Chase Best Altcoins or Wait For ETH Price Predictions to Come True?
Ethereum’s push toward $5K is grabbing headlines right now, but the real money is being made elsewhere. ETH already sits at a $523 billion market cap, which means even a strong rally to $7,500 only gets you about 70% gains. 

Compare that to presale projects like Maxi Doge and Pepenode that could easily 10X or 20X from current prices once they hit exchanges.

Maxi Doge gives you extreme leverage opportunities that could multiply small positions into life-changing money. Pepenode lets you earn tokens just by playing their game while staking rewards sit above 700%. Both are still in presale, which means you’re getting the absolute lowest entry prices available.

These opportunities don’t last long once tokens go public. The gap between presale pricing and exchange listing prices is where the biggest profits happen. 

Visit the official Maxi Doge and Pepenode websites right now and lock in your position before these best altcoins explode and early investors cash out with massive profits.

This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.

XRP’s attempt to sustain its ongoing recovery toward $3 is now in jeopardy, as its trajectory faces potential selling pressure following a massive on-chain transfer.

According to data from Whale Alert on October 13, a total of 23,880,253 XRP (worth approximately $62.64 million) was transferred from an unknown wallet to the Binance exchange.

Large transfers like this often indicate that whales may be preparing to sell, which can weigh on market sentiment and price stability. 

The move comes as XRP trades around $2.50, following a sharp drop triggered by the broader market crash on October 10.

The sudden spike in exchange inflows raises caution that selling activity could increase in the near term, possibly leading to a loss of the $2.50 support.

To gauge short-term performance, Finbold turned to OpenAI’s ChatGPT model, which projected that if profit-taking intensified, XRP could retreat toward $2.40 and $2.45, and sustained selling might push it down to $2.20. 

Conversely, if market demand absorbs the selling pressure, XRP could consolidate before attempting another move toward the $3 resistance.

XRP’s technical outlook
Meanwhile, pseudonymous analyst Mikybull noted that XRP is still displaying one of the most bullish setups in the crypto market as it consolidates below a key Fibonacci resistance after a strong multi-month rally. 

XRP price analysis chart.Source: Tradingview
On the monthly chart, XRP hovers near the 1.272 Fib level ($2.34), a potential breakout zone that could pave the way toward $6.26 and even $21.7 in the long term.

The chart also shows a bullish breakout from a multi-year downtrend, now retested as support around $1.38, suggesting a strong base. 

If momentum continues, XRP could be on the verge of a parabolic move, with Fibonacci projections pointing to triple-digit upside potential from current levels.

XRP price analysis 
At press time, XRP traded at $2.58, up 7% in the past 24 hours but still down 14% over the past week. 

XRP seven-day price chart. Source: Finbold
For now, the asset’s next move will likely depend on whether the broader crypto market maintains its recovery from the October 10 sell-off, a continuation of which could offset the recent whale-induced selling pressure.

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Cover image via U.Today

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

A developer, "dori," has lauded the Maximal Extractable Value (MEV) innovation on the Cardano (ADA) blockchain. In a post on X, the developer praised Cardano’s eUTXO model and Ouroboros PoS for making protocol-level MEV almost impossible. This, the developer insists, is a better alternative to Ethereum’s design flaw.

Cardano's proof-against-MEV issuesFor context, MEV refers to the extra profit that the system makes when there is a reorder, insert or censor transaction during confirmation on the blockchain. This is done by miners or validators and sometimes by "MEV bots" scanning the network.

"dori" said this has created a situation where MEV bots make a profit by spotting a trade in the memepool and quickly place their own transaction before it is finalized. This allows them to make gains from the predictable price movement.

If a bank used its customers’ transaction data to profit off them, that would obviously be a problem. But in crypto, exploiting others’ transaction data for profit better known as MEV has become normalized and even turned into a business.

This screenshot shows MEV bots making… pic.twitter.com/19n8v5iABW

— dori (@dori_coin) October 13, 2025 According to the developer, ordinary users are losing a small amount of value each time they transact because bots or block producers manipulate the transaction.  

He insists that Cardano’s consensus mechanism is preferable to Ethereum’s as there is no global mempool for bots to scan. Rather, it is locally validated, so bots cannot reorder transactions for profit.

"dori" believes Cardano’s technical design is more aligned with decentralization and fairness. "Once you really understand how other layers work and then look at Cardano, you'll see just how efficient, secure, and well-designed it truly is," he stated.

What can Ethereum and competing chains do?In contrast, across Ethereum and other layers, efforts are on to mitigate MEV, but it remains a structural issue. "dori" insists that this structural issue makes it even more difficult to resolve.

Some users have also commended Cardano for sidestepping MEV, as it makes it more user-friendly than other chains.

Neo X blockchain, in its recent mainnet upgrade, has stepped up its ecosystem and made it MEV-protected. The chain stated the goal is to make the platform censorship-resistant and truly decentralized.

Michael Saylor’s company, Strategy Inc., has resumed its regular Bitcoin accumulation after pausing for a week. The purchase occurred during a volatile market phase when Bitcoin wiped out most of its monthly gains. 

Despite the turbulence, Strategy increased its Bitcoin holdings by 220 BTC for $27.1 million, paying an average of $123,561 per coin. The company now owns 640,250 BTC valued at $71.7 billion, with an average acquisition cost of $74,000 per Bitcoin. This move underscores the firm’s unwavering belief in Bitcoin as a long-term store of value.

Strategy’s Aggressive Accumulation ContinuesAccording to the issued press release, Strategy financed the latest acquisition by selling shares of STRF, STRD, and STRK, raising nearly $27.3 million in total. The breakdown included $19.8 million from STRF, $5.8 million from STRD, and $1.7 million from STRK sales. 

The firm’s Bitcoin portfolio has delivered a 25.9% yield year-to-date, reflecting the success of its accumulation strategy despite periodic downturns. Moreover, this purchase followed nine consecutive weeks of buying earlier this year, during which Strategy acquired over 21,000 BTC for $2.46 billion.

Besides, the purchase coincided with a major market correction triggered by new U.S. trade measures. Bitcoin fell sharply to $104,000 after President Donald Trump announced a 100% tariff on Chinese goods beginning November 1. Saylor’s renewed accumulation suggests he viewed the drop as a buying opportunity, reinforcing his reputation for counter-cyclical investment behavior.

Market Context and Broader SentimentSaylor hinted at the purchase yesterday, sharing a post celebrating Bitcoin’s resilience. The message reflected optimism despite the broader market’s decline. His timing aligns with his long-term approach accumulating Bitcoin during fear-driven sell-offs and maintaining conviction during corrections.

In parallel, Tether CEO Paolo Ardoino reaffirmed his company’s continued investment in Bitcoin and gold, stating that both assets represent enduring value. This stance strengthens confidence across the digital asset market, highlighting institutional interest even in bearish conditions.

Strategy Stock Sees Short-Term VolatilitySource: Google Finance

Following the announcement, Strategy Inc.’s Class A shares dropped by 4.84%, closing at $304.79. The stock had fallen from a previous close of $320.29, testing intraday support near $285 before rebounding modestly. However, pre-market trading showed a slight recovery of 1.15% to $308.30, indicating early signs of stabilization.

Earnings Playbook for the Week Ahead Retail investors are preparing for the kick-off of the third-quarter earnings season, with big banks and other top stocks reporting this week.

Here’s a look at some retail favorites that individual investors will be watching.

FAST stock is moving. See the real-time price action here.
Monday, Oct. 13Before Market Open Fastenal Company (NASDAQ:FAST) kicks off the week with its third-quarter earnings report ahead of Monday’s opening bell. Analysts expect the company to report earnings of 30 cents per share on revenue of $2.13 billion, according to estimates from Benzinga Pro.

Read Next: IREN Stock’s 50% Spike Powered By Nvidia GPUs

Investors will be watching for a bump in sales from Fastenal’s digital initiatives and expanded customer contracts, with improved margins enabled by cost controls.

Tuesday, Oct. 14Before Market OpenSeveral big banks including JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), Citigroup Inc. (NYSE:C) and The Goldman Sachs Group, Inc. (NYSE:GS) report before Tuesday’s opening bell.

Johnson & Johnson (NYSE:JNJ), Domino’s Pizza, Inc. (NYSE:DPZ), Ericsson (NASDAQ:ERIC) and Albertsons Companies, Inc. (NYSE:ACI), Albertsons Companies, Inc. (NYSE:ACI) and the largest asset manager in the world, BlackRock, Inc. (NYSE:BLK), will also report before the market opens.

Wednesday, Oct. 15Before Market OpenSemiconductor machinery provider ASML Holding N.V. (NASDAQ:ASML) will release its Q3 earnings report ahead of Wednesday’s opening bell.

Analysts forecast earnings per share of $6.36 and revenue of $8.81 billion, showing year-over-year growth and strength in demand.

Read Next: Datavault AI Stock’s Face-Melting 720% Rally—What To Know

Wednesday’s batch of bank earnings includes Morgan Stanley (NYSE:MS), Bank of America Corp (NYSE:BAC), Synchrony Financial (NYSE:SYF) and The PNC Financial Services Group, Inc. (NYSE:PNC) all reporting before the bell.

Abbott Laboratories (NYSE:ABT) and Prologis, Inc. (NYSE:PLD) are also set to report on Wednesday morning.

After Market CloseUnited Airlines Holdings, Inc. (NASDAQ:UAL) is set to release its Q3 financial results after Wednesday’s closing bell. The Street is looking for EPS of $2.62 on revenue of $15.32 billion for the quarter.

Thursday, Oct. 16, 2025Before Market OpenTaiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) will release its Q3 earnings report before the market opens on Thursday.

Analysts estimate earnings per share of $2.59 and quarterly revenue of $31.5 billion, propelled by advanced chip demand for AI applications.

​Last Friday, Susquehanna analysts maintained a Positive rating on TSMC and raised the price target from $300 to $400.

TSMC continues to outperform, with its leadership in cutting-edge chip fabrication and strong year-to-date stock performance

Read Next— Space Stock Tracker: RocketLab Hits New Highs, AST Partners With Verizon

The banks are back on Thursday with The Charles Schwab Corporation (NYSE:SCHW), KeyCorp (NYSE:KEY), The Bank of New York Mellon Corp. (NYSE:BK) and U.S. Bancorp (NYSE:USB) set to report before the opening bell.

Infosys Limited (NYSE:INFY) and The Travelers Companies, Inc. (NYSE:TRV) will also report on Thursday morning.

After Market CloseRailroad operator CSX Corporation (NASDAQ:CSX) and brokerage firm Interactive Brokers Group, Inc. (NASDAQ:IBKR) will report after Thursday’s closing bell.

Friday, October 17, 2025Before Market Open

Another slew of banks like American Express Company (NYSE:AXP), Ally Financial Inc. (NYSE:ALLY), Regions Financial Corp. (NYSE:RF), Huntington Bancshares Inc. (NASDAQ:HBAN) and Truist Financial Corp. (NYSE:TFC) will report earnings on Friday morning.

Oilfield-services company SLB Ltd. (NYSE:SLB) closes out the week with its third-quarter report.

Read Next: 

Rigetti Vs. Infleqtion: Citron Weighs In On Quantum ‘Raging Bulls’
Photo: Shutterstock

Market News and Data brought to you by Benzinga APIs

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

FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM

Maranello (Italy), October 13, 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 360 million share buyback program announced on July 31, 2025, as the eighth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Eighth Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows:

 Trading
Date
(dd/mm/yyyy)

 Stock Exchange

 Number of common shares purchased

 Average price per share
excluding fees
(€)

 Consideration excluding fees

(€)

06/10/2025EXM11,600424.64314,925,859.9607/10/2025EXM7,700423.50913,261,020.0708/10/2025EXM11,500420.79634,839,157.4509/10/2025EXM59,500366.741021,821,089.5010/10/2025EXM11,200354.49753,970,372.00Total-101,500382.438438,817,498.98 (*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase

            Since the announcement of such Eighth Tranche till October 10, 2025, the total invested consideration has been:

Euro 149,602,206.82 for No. 371,924 common shares purchased on the EXM USD 33,447,541.72 (Euro 28,547,995.07*) for No. 69,609 common shares purchased on the NYSE. As of October 10, 2025, the Company held in treasury No. 16,115,828 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.31% of the total issued common shares. Including the special voting shares, the Company held in treasury 8.86% of the total issued share capital.
Since the start of the multi-year share buyback program of approximately Euro 2 billion announced during the 2022 Capital Markets Day, on July 1, 2022, until October 10, 2025, the Company has purchased a total of 5,452,553 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,820,719,899.24.

A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Ferrari’s corporate website under the Buyback Programs section (https://www.ferrari.com/en-EN/corporate/buyback-programs).

FNV BB PR 13 October 2025 ENG

A view shows the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside its headquarters in Vienna, Austria, May 28 , 2024. REUTERS/Leonhard Foeger Purchase Licensing Rights, opens new tab

LONDON, Oct 13 (Reuters) - OPEC made no changes on Monday to its relatively high global oil demand growth forecasts for this year and next, and implied the oil market will see a much smaller supply deficit in 2026 as the wider OPEC+ group pushes ahead with output increases.

OPEC+ is adding more crude to the market after the Organization of the Petroleum Exporting Countries, Russia and other allies decided to unwind some output cuts more rapidly than earlier scheduled. The extra supply has raised concern of a surplus and weighed on oil prices this year.

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In a monthly report on Monday, OPEC said the world economy was maintaining a solid growth trend.

While demand is seen as steady, OPEC said that OPEC+ in September raised crude output by 630,000 barrels per day to 43.05 million bpd, reflecting its earlier decisions to increase output quotas.

Expected demand for OPEC+ crude at an average 43.1 million bpd implies that the world market will see a deficit of 50,000 bpd if the wider group keeps pumping at September's rate, according to a Reuters calculation based on the report.

Last month's report implied a deficit of 700,000 bpd in 2026 if OPEC+ kept pumping at August's rate.

Editing by Kirsten Donovan

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

Highlights

Impurity Removal Metallurgical Tests Yield Allanite Rare Earths Processing Breakthrough: Impurity removal is one of the last steps in the hydrometallurgical processing of rare earths elements (“REE”) and is performed to remove non-REE minerals from the leach liquor prior to solvent extraction and separation (i.e. the final steps before producing rare earths oxide). Historically, this has been a challenging step for processing allanite-based REEs, like Halleck Creek’s ore, as the mineral typically produces unwanted byproducts such as gypsum and silica gel, resulting in additional and difficult processing steps to remove them.In a recent and extensive impurity removal test program on Halleck Creek ore minimal gypsum and silica gel were formed during the process, which points to immense operating benefits, including but not limited to the reduction of rare earths yield loss and fewer processing steps resulting in potentially lower capital and operating expenses.These results de-risk what has historically been a material technical and economic hurdle in the processing of allanite-based rare earths elements (i.e. Halleck Creek’s ore) and represent a major milestone in unlocking Halleck Creek’s vast REE supply potential.     Adverse Elements removed from Leachate Solutions Effectively 100% of iron, titanium and other deleterious elements precipitated from Leachate SolutionsOver 99% of silica and aluminum precipitated from Leachate Solutions Magnesium Oxide (MgO) chosen as the optimal neutralizing reagent DENVER, Oct. 13, 2025 (GLOBE NEWSWIRE) -- American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) (“ARR” or the “Company”) has successfully completed a critical stage in its mineral processing program, the first phase of impurity removal testing, with highly encouraging results. This milestone confirms that key contaminants like iron, aluminum, silica and others can be effectively removed from Halleck Creek ore, paving the way for efficient rare earths extraction. Importantly, the tests showed minimal formation of problematic by-products like gypsum and silica gel, a common challenge in processing allanite-based rare earths elements.

SGS completed the neutralization testing at their laboratory in Lakefield, Ontario, Canada. The results will be a key input in the hydrometallurgical processing portion of the Pre-Feasibility Study flowsheet. The objective of impurity removal is to remove deleterious elements (such as iron, aluminum, silica and others) from the rare earth elements (“REE”) in leachate solutions. Impurity removal is the next processing step after leaching1 and is accomplished by adding reagents to neutralize the leach liquor at specific pH ranges. At different pH levels, the various deleterious elements precipitate out and are removed from the leach solution by filtration. Throughout this robust testing program, ARR’s third-party lab, SGS tested various reagents over various pH ranges to determine the optimal conditions for Halleck Creek. The next step of hydrometallurgical testing will be to create a mixed rare earth oxide, which is a precursor to solvent extraction and creating individual, separated oxides used in permanent magnets.

Six potential neutralizing agents were tested on REE enriched leach solutions. Magnesium oxide (MgO) and magnesium carbonate (MgCO3) yielded the best results. Looking forward, magnesium oxide is a more cost-effective reagent than magnesium carbonate and was selected as the optimal neutralizing reagent for the mineral processing flow-sheet.

Given allanite (i.e. REE host mineral) is rich in calcium and silica, it was anticipated that gypsum (i.e. calcium sulfate) and/or silica gel might form during the impurity removal test program. The solutions neutralized with MgO formed few of these unwanted products, which will likely yield significant operational benefits, including but not limited to reduction of REE yield loss, fewer additional processing steps and lower capital and operating expenses. Historically, the formation of these products has proven to be a material technical and economic hurdle to overcome in the processing of allanite-based rare earths.

The primary neutralization using 15% MgO for 2 hours at 75oC and pH 3.15 (i.e. test PN12) removed 99.8% iron, 89.0% silica, 92.9% thorium, and 99.4% titanium with an average REE loss for light (“LREE”) and heavy rare earths (“HREE”)2 of 0.6% and 0.8%, respectively. Furthermore, 40.5% aluminum was removed during primary neutralization, which is greater than anticipated. The secondary neutralization (i.e. test SN2) using between 5% and 10% MgO for 2 hours at 75oC and pH of 5.0 removed 99.4% Iron, 96.3% aluminum, 71.0% silica, 98.9% Thorium, and 95.6% Titanium from what was left in the solution after the primary neutralization. An average of 7.6% of LREE and 16.7% of the HREE were precipitated during secondary neutralization. Our technical consultants recommend recycling the solids from secondary neutralization back to leaching to capture the REE for reprocessing.

Why it matters?

Impurity removal testing was performed on leachate solutions prepared from mineral concentrate material collected from four core holes at Halleck Creek as previously released3. The main goal of the neutralization tests is to remove impurities (i.e. non-rare earth elements) from the leach liquor containing the dissolved REEs through precipitation, while minimizing the loss of REEs through co-precipitating alongside the impurities.

Impurity removal is a key step in producing rare earth products from Halleck Creek ore. The tests were completed ahead of schedule and the data received will be used in the mineral processing flow-sheet design for the upcoming Pre-Feasibility Study (“PFS”). Removing non-REE elements from leachate solutions enables the REE to be extracted from solution via solvent extraction and ultimately produce separated rare earth oxides (precursors for rare earths permanent magnets). Iron, silica, aluminum and other deleterious elements can contaminate the solvent extraction process and must be removed from the leachate beforehand. The impurity removal testing demonstrated that these elements can removed from leachate solutions thus providing a highly enriched and clean solution for rare earth product refining. The successful completion of these tests is a major metallurgical processing milestone for Halleck Creek’s allanite based rare earths.

Metallurgical Testing Next Steps

Hydrometallurgical testing is nearing completion.SGS will then create a mixed rare earth oxalate by precipitating the REE with oxalic acid.The mixed rare earth oxalate will be calcined to create a mixed rare earth oxide (i.e. the precursor to separated rare earth oxides).The mixed rare earth oxide will be re-leached. Cerium oxide is insoluble in the leach reagent and will be filtered out of the new leachate solution. The final leachate solution is then ready for future solvent extraction testing. ARR expects these final tests to be completed before the end of the year. In parallel, bulk samples from the CSM test pit have been delivered to Fl Smidth, Loesche and Weir (Corem) for comminution optimisation testing which is currently in progress. These results will be reported to the market as soon as they are complete.

Additional Technical Details

Impurity removal testing was performed on leachate solutions prepared from mineral concentrate material collected from four core holes at Halleck Creek as previously released4.

In general, iron, silica, and thorium become insoluble in solutions with pH values between 2.75 and 3.25 and precipitated out. REEs generally remain in solution at these same pH ranges. Therefore, by raising the pH of the leachate solution, iron, silica and thorium can be precipitated and removed via filtration while REE stays in solution. This is called primary neutralization.

Aluminum and uranium generally become insoluble in solutions with pH values between 4.5 and 6.0. REE generally remain in solution at these same pH ranges. Increasing pH of the solution in secondary neutralization, iron, thorium, aluminum, and uranium can be precipitated and removed via filtration from solution.

By performing impurity removal in two neutralization steps, fewer REE are precipitated because the chemical reactions are more controlled. If the pH of the leachate solution was suddenly increased to above 3.5, losses of REE through co-precipitation would occur as a result.

Different reagents react differently with chemical elements in various leachate solutions. SGS performed a comprehensive series of tests to determine which chemical reagents and pH values are most effective on Halleck Creek leachate solutions.

Reagent Selection

SGS, in Lakefield Ontario, tested six leach liquor neutralization reagents for impurity removal from leach solutions including:

Magnesium oxide (MgO)Magnesium carbonate (MgCO3)Sodium hydroxide (NaOH)Sodium carbonate (soda ash)Limestone (calcium carbonate)Lime (CaO) SGS performed pH profile testing over a range of pH values from 2.5, 3.0, 3.5, 4.0, and 4.5 for each reagent, PN1 through PN 6. Table 1 and Figure 1, and Figure 2 summarize the results of the tests. The tests were all performed at 75oC and the reagent strengths varied between reagent types.

Magnesium oxide and magnesium carbonate performed well in testing. Iron (Fe) and thorium (Th) were precipitated at high levels, while REE precipitation was low across the pH ranges tested. Figure 1 below shows that at pH less than 3.5, Nd and Dy have minimal precipitation. Conversely, Figure 2 shows that Fe and Th have over 80% precipitation when pH is less than 3.5.

The limestone and lime performed poorly because they precipitated gypsum and co-precipitated rare earth elements from the leach solution.

The sodium hydroxide and soda ash also performed poorly because they formed sodium/rare earth double salts and precipitated rare earth elements from the leach solution.

Conversely, to the calcium- and sodium-based reagents, solutions neutralized by MgO did not exhibit formation of gypsum or silica gel during the course of testing. SGS and Tetra tech attribute this to the reagent type, dilution, the temperature of the solutions, and the short residence times of testing.

Table 1 – pH Profile Testing Results for Primary Neutralization by Reagent Type and pH Range

Figure 1 – pH Profiling Charts for Nd and Dy

Figure 2 - pH Profile Charts for Fe and Th

Primary Neutralization (“PN”)

The pH profile tests clearly showed that MgO and MgCO3 were superior to the other reagents for impurity removal and rare earth recovery. SGS compared MgO and MgCO3 for primary neutralization at a static pH of 3.25. The tests results were very similar. Tetra Tech engineers determined that MgO is a more cost-effective reagent than MgCO3 when considering dosage rates and the cost of the reagents. Therefore, MgO was selected as the reagent for primary neutralization. It is important to note that both MgO and MgCO3 did not form gypsum or silica gel in the neutralization process. Historically, the formation of these products has proven to be a material technical and economic hurdle to overcome in the processing of allanite-based rare earths.

With the selection of MgO as the neutralization reagent, SGS performed detailed pH endpoint tests for pH ranges from 2.75, 3.0, and 3.25, tests PN7, PN9, and PN10, respectively, see Table 3 and Figure 3. These tests indicate that a target pH of 3.15 is the optimal pH for primary neutralization. Test PN13 was then performed using a pH of 3.15, confirming this value.

Table 3 – Endpoint pH Comparison of Primary Neutralization for MgO

Figure 3 - pH Profile Charts for MgO

SGS performed two additional tests, PN12 and PN14. Tests PN12 and PN14 were conducted using commercially available MgO products near Halleck Creek as a comparison to the locally available MgO used in the other tests.

Test PN13 reduced the residence time of primary neutralization from 2 hours to 1 hour. Reducing the residence time to one hour reduces equipment size and reduces REE losses to precipitation, which ultimately will increase overall rare earth oxide recoveries.

Table 3 – Comparison of Residence Time in Primary Neutralization

Secondary Neutralization (“SN”)

To remove the remaining iron, silica, aluminum, uranium and thorium from solution, SGS performed a pH profile test, SN1, for nominal pH ranges from 4.0, 4.5, 5.0, 5.5 and 6.0, see Table 5. Figure 4 below shows that nearly all the remaining iron, aluminum and thorium are precipitated at a pH near 5.0. Figure 4 also shows that Dy is starting to precipitate at pH 5.0.

Endpoint pH tests were conducted using pH values of 5.0 and 5.25, tests SN2 and SN3, respectively, see Table 5. Based on these two observations, SGS and the ARR team determined that secondary neutralization is best achieved at a target pH of 5.0.

A final leachate solution was prepared by using leachate from test PN11 using the parameters in test SN2. The resulting leach solution will be used for bench scale ion exchange removal of residual uranium and to feed into oxalic acid precipitation to produce a mixed rare earth oxalate. These tests will be completed prior to the end of the year.

Table 5 – Secondary Neutralization Tests

Figure 4 - pH Profile Charts for Secondary Neutralization

It should be noted, to prevent REE losses in the system, SGS and Tetra Tech recommend that the precipitated solids generated during secondary neutralization be recycled to the leach circuit andre-dissolved. While this increases the total volume of material being leached by about 1% or 2%, capturing the REE in this material is most beneficial for the project.

This release was authorized by the board of American Rare Earths.

Investors can follow the Company’s progress at www.americanree.com

The complete JORC Report can be found here:

About American Rare Earths Limited:

American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) is a critical minerals company at the forefront of reshaping the U.S. rare earths industry. Through its wholly owned subsidiary, Wyoming Rare (USA) Inc. (“WRI”), the company is advancing the Halleck Creek Project in Wyoming—a world-class rare earth deposit with the potential to secure America’s critical mineral independence for generations. Located on Wyoming State land, the Cowboy State Mine within Halleck Creek offers cost-efficient open-pit mining methods and benefits from streamlined permitting processes in this mining-friendly state.

With plans for onsite mineral processing and separation facilities, Halleck Creek is strategically positioned to reduce U.S. reliance on imports—predominantly from China—while meeting the growing demand for rare earth elements essential to defense, advanced technologies, and economic security. As exploration progresses, the project’s untapped potential on both State and Federal lands further reinforces its significance as a cornerstone of U.S. supply chain security. In addition to its resource potential, American Rare Earths is committed to environmentally responsible mining practices and continues to collaborate with U.S. Government-supported R&D programs to develop innovative extraction and processing technologies for rare earth elements.

For further information contact:

1 See ASX Release dated July 16, 2025
2 Light Rare Earths include La, Ce, Pr and Nd. Heavy rare earths include Sm, Eu, Gd, Tb and Dy.
3 ASX Release 16 July, 2025
4 ASX Release 16 July, 2025

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/08e80a81-df57-4dbc-80d7-e5faa9e7dfd7

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CAMAS, Wash.--(BUSINESS WIRE)--nLIGHT, Inc. (Nasdaq: LASR), a leading provider of high-power lasers for mission critical directed energy, optical sensing, and advanced manufacturing applications, announced that it will release its financial results for the third quarter of 2025 after the financial markets close on Thursday, November 6, 2025.

A webcast to discuss the third quarter results will be held on Thursday, November 6, 2025, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The audio webcast will be available on the investor relations section of the company's web site at http://investors.nlight.net. A replay of the webcast will be available shortly after the conclusion of the call.

The webcast can also be accessed directly at https://events.q4inc.com/attendee/876155821.

About nLIGHT

nLIGHT, Inc. is a leading provider of high-power lasers for mission critical directed energy, optical sensing, and advanced manufacturing applications. Headquartered in Camas, Washington, nLIGHT employs approximately 800 people with operations in the United States, Europe and Asia. For more information, please visit www.nlight.net.

More News From nLIGHT, Inc.

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Headlines:

Xevo™ CDMS facilitates direct, accurate mass detection for the largest, most heterogeneous biomolecules.1
Enables accurate analysis of protein complexes, nucleic acids, and gene delivery vehicles, including distinguishing between empty, partial, full, and overfull viral vector capsids in less than 10 minutes per sample.2
Decreases sample volumes by 100 times vs. current methods for assessing cells and nucleic acids.3
, /PRNewswire/ -- Waters Corporation (NYSE: WAT) today unveiled the Waters Xevo Charge Detection Mass Spectrometer (CDMS), delivering unmatched measurement and characterization for the broadest range of mega-mass biomolecules central to next-generation therapeutics and structural biology. With the rapid growth of cell and gene therapies, mRNA, and complex protein therapeutics, scientists face significant challenges in analyzing increasingly large and heterogeneous drug modalities – yet existing tools are limited in resolution, sensitivity, and compliance-readiness. The Xevo CDMS System addresses these gaps with direct, individual-particle mass measurement for molecules up to 150+ MDa, enabling previously unattainable analysis of protein complexes, nucleic acids, lipid nanoparticles, viral vectors, and more.

The Waters Xevo CDMS provides confident analysis of new modalities, like empty, partial, and full viral vector capsids, using up to 100-fold less sample volume than that required by current techniques, and delivering results in less than ten minutes.

"Waters continues to make strategic investments in large molecules, recognizing that advanced tools for bioanalytical characterization play a critical role in driving therapeutic breakthroughs. Today, we are proud to introduce the first-of-its-kind Xevo Charge Detection Mass Spectrometer, enabling the precise analysis of previously unmeasurable molecules," said Udit Batra, Ph.D., President and Chief Executive Officer, Waters Corporation. "We believe the Xevo CDMS will accelerate the global development of genetic medicines and other advanced modalities by providing a greater understanding of the characteristics of large molecules earlier in development, which is crucial for making life-changing therapies more accessible to patients."

The Waters Xevo CDMS provides confident analysis of new modalities, like empty, partial, and full viral vector capsids, using up to 100-fold less sample volume than that required by current techniques, and delivering results in less than ten minutes, even at concentrations as low as 1010 vp/mL. This new capability paves the way for real-time characterization of gene therapies during process development – ultimately improving the safety and efficacy of advanced therapies. Additionally, CDMS absolves the need for deconvolution or digestion approaches to achieve simple and accurate analysis of complex molecules. This transformational mass spectrometry advancement supports a wide range of applications – from discovery and research, through process development, to regulatory approval and manufacturing.

"Our mission is to accelerate the development of gene therapies for genetically mediated cardiovascular diseases and Alzheimer's, where there is a significant unmet need in treatment options," said Timothy Fenn, Ph.D., Vice President, Analytical Development and Quality Control, Lexeo Therapeutics. "With CDMS, we're asking questions we didn't know we could ask. It's a game-changer for our analytical workflows, enabling us to generate accurate, reproducible results in minutes."

At the heart of the Xevo CDMS is the Electrostatic Linear Ion Trap (ELIT), which provides direct measurement of individual ions through simultaneous measurement of their mass-to-charge ratio and mass. The novel technology was developed by Indiana University and Megadalton Solutions, founded by Distinguished Professors Martin Jarrold and David Clemmer at Indiana University. Waters acquired the technology assets and intellectual property rights of Indiana University in 2022 to accelerate its path to commercialization.

The Waters Xevo CDMS System is powered by the GxP-ready waters_connect™ Software and is available to order now.

ABOUT:  Waters Corporation (NYSE:WAT) is a global leader in analytical instruments, separations technologies, and software, serving the life, materials, food, and environmental sciences for over 65 years. Our Company helps ensure the efficacy of medicines, the safety of food and the purity of water, and the quality and sustainability of products used every day. In over 100 countries, our 7,600+ passionate employees collaborate with customers in laboratories, manufacturing sites, and hospitals to accelerate the benefits of pioneering science.

Waters, Xevo, and waters_connect are trademarks of Waters Technologies Corporation.

Additional Resources:

Product Page 
Contact:

Molly Gluck
Head of External Communications
Waters Corporation
[email protected]
Mobile: +1.617.833.8166

References:

1 Demonstrated mass analysis on-instrument of various molecular species from <100 kDa to Chikungunya Virus complexes of >150 MDa. 

2 Time taken to acquire a statistically representative number of ions to enable characterization of AAV features.

3 Indicative of amount of sample required for sample preparation. Actual sample consumed during analysis is <5 µL. 

SOURCE Waters Corporation

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AST SpaceMobile stock (NASDAQ:ASTS) soared nearly 32% last week and has risen almost 4x year-to-date. The company is constructing a space-based cellular broadband network that connects directly to standard smartphones without requiring additional hardware for commercial and governmental utilization. The recent increase followed the announcement of a significant commercial partnership with Verizon to offer space-based cellular coverage throughout the continental U.S. beginning in 2026. This agreement enhances an initial strategic partnership from last year by formalizing the commercial rollout, integrating AST’s satellite network with Verizon's terrestrial infrastructure, and expanding Verizon’s 850 MHz spectrum coverage into remote regions. The agreement fortifies AST’s position against rivals such as SpaceX's Starlink and assists in strengthening its relationships with leading U.S. telecom providers.

ASTS stock has experienced a substantial rise recently, yet there is considerable risk in depending on a single stock. Conversely, there is great value in a broader diversified strategy we adopt with the Trefis High Quality Portfolio. Additionally, ponder what the long-term performance of your portfolio could look like if you combined 10% commodities, 10% gold, and 2% crypto with equities.

What Does AST Do?There is a continuous competition to establish broadband services via satellites, with Elon Musk’s SpaceX currently leading with over 8,000 Starlink satellites already in orbit. However, AST SpaceMobile’s approach diverges in crucial ways. While Starlink focuses on consumers directly by offering hardware and internet subscriptions, AST’s satellites are engineered to operate like space-based cell towers, integrating directly into the networks of existing mobile operators such as AT&T, Vodafone, Rakuten, and Verizon.

This strategy allows users to access connectivity through these satellites using their regular smartphones and current SIM cards, helping to remove coverage dead zones. During its Q2 2025 earnings report, the company stated that it had verified a plan to launch 45 to 60 satellites into orbit by 2026 to energize cellular-based broadband networks. The firm aims to conduct orbital launches every one to two months on average throughout 2025 and 2026 and mentioned that the satellites are fully funded.

A Good Proposition For Wireless Carriers?For telecom providers, the value proposition is considerable. Collaborating with AST enables them to extend 4G and 5G coverage into deserts, oceans, mountainous regions, and other underserved locales where conventional towers are not financially viable. This allows them to offer truly nationwide or even global coverage to clients. These advantages can enhance customer satisfaction and open new revenue opportunities without telecom providers needing to incur the substantial costs associated with rural infrastructure.

Instead of advertising directly to consumers, AST generates revenue by charging telecom providers for access to its satellite capacity, with pricing determined by usage or through long-term contracts. This model could afford AST a recurring, high-margin revenue stream while solidifying deep partnerships across the international telecom sector. AST has reportedly engaged with over 50 mobile network operators globally, enabling them to serve nearly 3 billion subscribers.

Valuation Is All About The FutureWith a market capitalization of approximately $31 billion, ASTS is trading at over 500x the consensus revenue projection for 2025 of $60 million and 120x the estimated revenue for 2026. This represents a steep valuation considering that the company is still in the nascent stages of its operations. Nonetheless, growth has been rapid, although on a small base, with revenues increasing 249% over the previous year to $4.9 million. See ASTS Revenue Comparison. Losses remain substantial, with operating losses amounting to $260 million over the last 12 months. ASTS has performed significantly worse than the S&P 500 index during various economic downturns.

During the 2022 inflation shock market crash, ASTS stock plummeted 68.5% from a peak of $22.50 on February 9, 2021, to $7.08 on June 1, 2021, compared to a peak-to-trough decline of 25.4% for the S&P 500. Read ASTS Dip Buyer Analyses to learn how the stock has bounced back from sharp declines in the past. Nonetheless, the company continues to possess a robust balance sheet, with $924 million in cash and cash equivalents, a debt-to-equity ratio of merely 4.3%, and cash accounting for nearly half of its total assets. This financial flexibility ought to provide AST the necessary runway to implement its satellite deployment strategy, although investors will need to exercise patience as the company transitions from technology deployment to commercial-scale revenue generation.

Robust demand is one of the factors we consider in our High-Quality portfolio, which has surpassed its benchmark—a combination of the S&P 500, Russell, and S&P MidCap indexes—and has achieved returns exceeding 105% since its inception. What accounts for this? As a collective group, HQ Portfolio stocks have provided better returns with lower risk compared to the benchmark index; experiencing less volatility, as illustrated in HQ Portfolio performance metrics.

, /PRNewswire/ -- abrdn Global Infrastructure Income Fund (NYSE: ASGI) ("ASGI" or the "Acquiring Fund) and abrdn Japan Equity Fund, Inc. (NYSE: JEQ) ("JEQ" or the "Acquired Fund"), announce today the completed reorganization of the Acquired Fund with the Acquiring Fund after close of business on October 10, 2025.

In the reorganization, common shareholders of JEQ received an amount of ASGI common shares with a net asset value equal to the aggregate net asset value of their holdings of JEQ common shares, as determined at the close of regular business on October 10, 2025.

Relevant details pertaining to the reorganization are as follows:

Acquiring Fund

Acquired Fund

Acquiring Fund
NAV per Share ($)
10/10/25

Conversion Ratio

ASGI

JEQ

$20.9590

0.378399

There are no proposed changes to the current investment objective, strategies, structure, or policies of the Acquiring Fund as a result of the reorganization.

Important Information

In the United States, Aberdeen Investments refers to the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, and abrdn Asia Limited.

The information in this press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities or the solicitation of any vote or approval in any jurisdiction pursuant to or in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Closed-end funds are traded on the secondary market through one of the stock exchanges. A Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that a Fund will achieve its investment objective. Past performance does not guarantee future results.

Closed end funds | Aberdeen

SOURCE Aberdeen Investments U.S. Closed End Funds

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