Market Signal Briefing

The cryptocurrency market registered a sharp drop as Monday’s recovery gave way to bearish sentiment. Altcoins led the losses as the cryptocurrency market cap fell nearly 2% to $3.84 trillion. Bitcoin (BTC) briefly crossed $116,000 on Monday but lost momentum after reaching this level, falling below $115,000 and moving to its current level. BTC is down approximately 2% over the past 24 hours, currently trading at around $113,770. 

Ethereum (ETH) is also trading in bearish territory, down almost 4%, trading around $4,080. Ripple (XRP) is down over 1%, while Solana (SOL) is down nearly 3%, slipping below $200 to $199. Dogecoin (DOGE) is down over 4%, while Cardano (ADA) is down almost 4%, trading around $0.657. Chainlink (LINK) is down nearly 5%, while Stellar (XLM) is down over 2%. Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) also registered notable declines. However, Hedera (HBAR) bucked the bearish trend and is up nearly 14%, trading around $0.206. 

Michael Saylor’s Strategy Hit By Junk Rating S&P Global Ratings has hit Michael Saylor’s Strategy Inc. with a B- junk rating, placing it six positions below investment grade. According to a report, the rating reflects Strategy’s deep concentration in Bitcoin (BTC) and limited diversification. S&P also flagged concerns about liquidity and risk-adjusted capitalization. Strategy has transformed itself from an enterprise software firm into a proxy for BTC. The firm holds 640,808 BTC, valued at around $74 billion at current prices. 

According to S&P Global, Strategy is vulnerable to market changes, thanks to its lopsided exposure to BTC. The agency stated that its primary software business makes very little money and would provide an inadequate defense in the event of declining cryptocurrency prices. Strategy reported $37 billion in negative operating cash flow during the first half of 2025, and maintains minimal dollar reserves, with most of its treasury in BTC. S&P also highlighted liquidity and currency mismatch risks. 

Strategy holds $8 billion in USD-denominated convertible debt, set to mature between 2028 and 2031. Additionally, preferred stock dividends exceed $640 million annually. A prolonged bear market could make it difficult for Strategy to meet its obligations. 

Michael Selig Confirms CFTC NominationUnited States Securities and Exchange Commission (SEC) official Michael Selig has confirmed his nomination for Commodity Futures Trading Commission (CFTC) Chair. The nomination still requires Senate approval and comes as the agency operates with several vacancies. Selig and White House crypto and AI czar David Sacks confirmed the news in a post on X, clearing the way for the departure of acting Chair Caroline Pham. Selig stated on X, 

“I am honored to be nominated by President Trump to serve as the 16th Chairman of the U.S. Commodity Futures Trading Commission. With the President’s leadership, a Great Golden Age for America’s Financial Markets and a Wealth of New Opportunities stand before us. I pledge to work tirelessly to facilitate Well-Functioning Commodity Markets, promote Freedom, Competition, and Innovation, and help the President make the United States the Crypto Capital of the World.”

Selig’s nomination comes amid a prolonged US government shutdown, which has entered its fifth week, as Republican and Democratic lawmakers struggle to reach an agreement on a funding bill due to concerns about healthcare cuts and subsidies. The CFTC has functioned solely with Pham at the helm since the departure of CFTC Commissioner Kristin Johnson in September. Pham has also signaled her intention to leave her position once her replacement has been confirmed by the Senate. 

US Lawmaker Seeks To Ban Trump From Crypto, Stock Trading A US lawmaker is looking to ban President Trump, his family, and members of Congress from trading crypto or stocks. US Representative Ro Khanna has raised several conflict-of-interest concerns regarding President Trump’s association with his son’s crypto project, World Liberty Financial. He also alleged that the recent pardon given to former Binance CEO Changpeng Zhao was a sign of “blatant corruption.”

“The pardon of Zhao is corrupt. I explain simply what's going on. I am today introducing legislation to ban the president, his family, members of Congress, and all elected officials from trading crypto or stocks.”

Bitcoin ETPs Rally Following Lower-Than-Expected Inflation Data Crypto ETPs have registered a sharp recovery as investor sentiment improved following lower-than-expected inflation numbers. According to a report by CoinShares, crypto ETPs registered $921 million in inflows last week, easily offsetting the $513 million in outflows the week prior. According to the CoinShares report, the primary drivers of this resurgence were rising expectations of a rate cut by the Federal Reserve and softer-than-expected CPI data. CoinShares head of research James Butterfill stated, 

“The ongoing US government shutdown, and the resulting absence of key macroeconomic data, has left investors with little guidance on the direction of US monetary policy.”

Bitcoin (BTC) Price Analysis Bitcoin (BTC) dropped sharply over the past 24 hours as market sentiment returned to negative territory. The flagship cryptocurrency rallied on Sunday, rising nearly 3% to reclaim $114,000 and settle at $114,548 thanks to positive US-China trade talks and growing expectations of a rate cut. BTC reached an intraday high of $115,542 on Monday. However, it lost momentum after reaching this level and settled at 114,087, ultimately dropping 0.40%. The current session sees BTC marginally up, trading around $114,205. 

BTC briefly crossed $116,000 on Monday, reaching an intraday high of $116,410. However, markets remained unconvinced, and the bulls lost momentum at upper levels. One analyst reiterated weakness on higher time frames, along with low volumes and bearish divergences on Bitcoin’s RSI. The trader stated in a post on X, 

“Watching for this potential HTF Head & Shoulders bearish reversal setup. Validates on a break below 109k neckline. I’ve been very adamant that HTF is exhausted, and I’m not expecting higher. We shall see if this turns into a reversal or more consolidation for higher.”

BTC’s recovery has eased sell pressure and improved market sentiment. Additionally, a significant change is visible after the downturn, which compelled miners to sell their BTC to cover operating expenses. Analysts have noted that miner holdings are leveling out, along with a notable improvement in hashprice metrics. BTC is currently trading between $110,000 and $118,000, with resistance around $120,000. Big on-chain wallets are consistently accumulating. This, along with miner reserves stabilizing, indicates reduced sell pressure. Transaction costs have also risen, increasing miner profitability and allowing them to retain their BTC instead of selling. 

Analysts believe BTC will consolidate after testing the resistance around $116,000 as markets turn cautious ahead of the FOMC meeting. However, overall market sentiment has improved, with the Fear & Greed Index in “neutral” territory. Edul Patel, CEO of Mudrex, stated, 

“Institutions are also showing signs of a comeback, with global crypto investment products seeing $921 million in weekly net inflows. Public companies like Strategy have also resumed accumulating crypto, adding BTC worth $43.4 million. With this setup, Bitcoin’s resistance stands at $116,900, and support has strengthened around $111,400, indicating a healthy base for the next move up.”

BTC ended the previous weekend in positive territory, rising 1.37% on Sunday and settling at $108,676. Buyers retained control on Monday as the price rose nearly 2% to reclaim $110,000 and settle at $110,568. BTC surged to an intraday high of $114,082 on Tuesday. However, it lost momentum after reaching this level and dropped 1.99% to $108,362. Selling pressure persisted on Wednesday as BTC fell 0.72% to a low of $106,639 before settling at $107,585. Despite the selling pressure, the price recovered on Thursday, rising over 2% to cross $110,000 and settle at $110,116. BTC continued pushing higher on Friday, rising almost 1% to $111,042.

Source: TradingView

Price action remained positive over the weekend with BTC rising 0.56% on Saturday and settling at $111,666. Bullish sentiment intensified on Sunday thanks to positive macroeconomic developments, including positive trade talks between the US and China, and rising odds of a rate cut. As a result, BTC rose 2.58% to cross $114,000 and settle at $114,548. The flagship cryptocurrency reached an intraday high of $116,410 on Monday. However, it lost momentum after reaching this level and settled at 114,087, ultimately dropping 0.40%. BTC is marginally up during the ongoing session, trading around $114,410.

Ethereum (ETH) Price AnalysisEthereum (ETH) lost momentum after reaching an intraday high of $4,266 on Monday as market sentiment turned cautious. The world’s second-largest cryptocurrency registered a sharp rally on Sunday, rising over 5% to reclaim $4,000 and settle at $4,157. The price continued pushing higher on Monday, reaching an intraday high of $4,266. However, it lost momentum after reaching this level, ultimately settling at $4,120, down almost 1%. ETH is marginally up during the ongoing session, trading around $4,131.

While ETH has faced selling pressure on Monday, corporate holders continue to accumulate the asset. SharpLink Gaming announced the purchase of 19,271 ETH worth $78.3 million, taking its total holdings to over 859,000 ETH, worth over $3.6 billion. The purchase is the latest accumulation move by the sports gaming technology firm, which resumed accumulation after a month-long pause. The purchase highlights SparpLink’s conviction in ETH as a treasury asset and a long-term strategic reserve.

Corporate treasuries collectively hold over 5.98 million ETH valued at around $25.18 billion, representing 4.94% of ETH’s total supply. SharpLink’s latest purchase indicates renewed investor interest and improving market conditions.

ETH started the previous weekend in the red, dropping 1.57% to a low of $3,680 before settling at $3,834. The price recovered over the weekend, rising 1.51% on Saturday and 2.39% on Sunday to settle at $3,985. ETH faced volatility on Monday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price registered a marginal decline and settled at $3,981. Selling pressure intensified on Tuesday as ETH fell almost 3% to $3,876. The price fell to an intraday low of $3,709 on Wednesday. However, it rebounded from this level and settled at $3,807, ultimately dropping 1.78%.

Source: TradingView

Despite the overwhelming selling pressure, ETH recovered on Thursday, rising 1.33% and settling at $3,857. The price continued pushing higher on Friday, rising 1.33% and settling at $3,935. Price action remained positive over the weekend as ETH rose 0.45% on Saturday and 5% on Sunday, reclaiming $4,000 and settling at $4,157. ETH reached an intraday high of $4,266 on Monday as positive sentiment persisted. However, it lost momentum after reaching this level and settled at $4,120, ultimately dropping almost 1%. ETH is marginally down during the ongoing session, trading around $4,117. 

Solana (SOL) Price Analysis Solana (SOL) has bounced back to reclaim $200 after registering a sharp drop on Monday. The altcoin claimed $200 on Sunday after rising over 3%. It reached an intraday high of $205 on Monday. However, it lost momentum after reaching this level and fell to $198. SOL has recovered during the ongoing session and is trading at $201 after reclaiming $200. 

Fresh institutional capital has helped SOL’s resurgence, with steady inflows into the REX-Osprey Solana + Staking ETF. The ETF now manages over $400 million. Fidelity’s custody and trading support have added more credibility to SOL. However, high profit-taking has impacted the recovery to some extent. Meanwhile, Solana has reported record stablecoin growth, and key network upgrades like Alpenglow have provided much-needed tailwinds. 

Investor sentiment was further buoyed after the NYSE certified Bitwise’s staking product for listing. According to a filing with the SEC, the NYSE Arca officially certified its approval to list and register shares of the Bitwise Solana staking ETF. Bloomberg ETF analyst Eric Balchunas noted that, based on exchange listings, the Bitwise Solana ETF could launch as soon as Thursday. 

“Confirmed. The Exchange has just posted listing notices for Bitwise Solana, Canary Litecoin, and Canary HBAR to launch TOMORROW, and grayscale Solana to convert the day after. Assuming there’s not some last-minute SEC intervention, looks like this is happening.”

The Bitwise Solana Staking ETF will track the price of SOL and the staking rewards generated by the Solana network. The ETF is entirely backed by SOL held in institutional-grade cold storage, and benchmarked to the Compass Solana Total Return Monthly Index. 

SOL started the previous weekend in the red, dropping to an intraday low of $174 before settling at $182. The price recovered on Saturday, rising over 3% to $187, and registered a marginal increase on Sunday despite volatility and selling pressure to settle at $188. Buyers retained control on Monday as SOL rose 0.95% to $189. The price reached an intraday high of $197 on Tuesday. However, it lost momentum after reaching this level and dropped by over $2% to $185. Selling pressure persisted on Wednesday as SOL fell over 3% and settled at $180.

Source: TradingView

Despite the overwhelming selling pressure, SOL rallied on Thursday, rising over 6% to reclaim $190 and settle at $191. Buyers retained control on Friday as the price rose 1.16% to $193. Price action remained positive over the weekend as SOL registered a marginal increase on Saturday before rising 3% on Sunday and claiming $200. SOL reached an intraday high of $205 on Monday but lost momentum after reaching this level. As a result, it fell below $200 and settled at $198. The price has risen over 1% during the ongoing session, trading around $201.

Aptos (APT) Price AnalysisAptos (APT) ended the previous weekend with a marginal decline and settled at $3.196. It recovered on Monday, rising over 2% and settling at $3.263. APT faced volatility on Tuesday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price dropped 1.23% and settled at $3.223. Sellers retained control on Wednesday as APT fell nearly 1% to $3.192. Despite the selling pressure, the price recovered on Thursday, rising 1.67% to $3.245. Buyers retained control on Friday as APT rose over 2% and settled at $3.311.

Source: TradingView

Price action was positive over the weekend as APT registered a marginal increase on Saturday before rising over 8% on Sunday to settle at $3.582. The price was back in the red on Monday, dropping nearly 4% to $3.449. APT is marginally up during the ongoing session, trading around $3.463.

Jupiter (JUP) Price AnalysisJupiter (JUP) ended the previous weekend in positive territory and settled at $0.350. Buyers retained control on Monday as the price rose nearly 4% to $0.363. Despite the positive sentiment, JUP lost momentum on Tuesday, dropping almost 4% to $0.349. Selling pressure persisted on Wednesday as the price fell over 2% to $0.342. JUP recovered on Thursday, rising over 4% to $0.357. The price rallied on Friday, rising nearly 13% to cross $0.40 and settle at $0.402.

Source: TradingView

Price action remained positive over the weekend as JUP rose over 6% on Saturday and nearly 2% on Sunday to settle at $0.434. The price continued pushing higher on Monday, rising over 2% and settling at $0.444. JUP is down nearly 2% during the ongoing session, trading around $0.436.

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.

The market is standing at a crossroads, and so is Shiba Inu price. The Federal Reserve’s anticipated rate cut to 3.75%–4% signals the beginning of a policy shift that could ripple across risk assets. For traders, this isn’t just about cheaper borrowing—it’s about liquidity, sentiment, and how much appetite investors still have for risk.

Shiba Inu price, like most meme coins, tends to move faster than fundamentals can explain. It thrives in environments where liquidity expands and speculation returns. The upcoming Fed meeting, coupled with talk of ending quantitative tightening by December, could be the spark that reignites momentum across altcoins. But here’s the catch: the Fed is deeply divided, inflation is sticky, and the U.S. government shutdown has blurred key data signals.

That uncertainty is mirrored perfectly in SHIB’s chart—a coin caught between consolidation and breakout, waiting for a macro trigger to decide its fate.

The Setup: Fed Rate Cuts Meet Market UncertaintyFedWatchThe Federal Reserve’s expected move to cut interest rates to a range of 3.75%–4% comes at a time when the crypto market is searching for direction. Normally, rate cuts fuel risk assets like Bitcoin and altcoins, since cheaper borrowing and increased liquidity tend to push investors toward speculative markets. But this time, the picture isn’t that simple.

The Fed is divided, data is incomplete due to the prolonged government shutdown, and liquidity is tightening. These factors are creating hesitation among traders—especially in high-volatility assets like Shiba Inu price. The end of quantitative tightening, likely by December, could inject new optimism into markets, but the lack of clarity from Jerome Powell and other Fed officials keeps sentiment fragile.

Chart Breakdown: SHIB Price Consolidates in a Narrow RangeSHIB/USD Daily Chart- TradingViewLooking at the SHIB/USD daily chart, the Shiba Inu price is moving within a narrow consolidation range around 0.00001013. The Bollinger Bands have squeezed tightly, signaling reduced volatility but also hinting at an impending breakout. This kind of compression phase often precedes sharp directional movement.

The Fibonacci retracement levels show SHIB price struggling to break above the 0.618 zone near 0.0000108. Multiple failed attempts at this level suggest strong overhead resistance. Meanwhile, support remains around the 0.0000095–0.0000096 range, which aligns with the 0.786 retracement level and the lower Bollinger Band.

Momentum indicators (based on recent Heikin Ashi candles) show indecision: small-bodied candles with little directional bias, confirming a market in wait-and-see mode.

Liquidity and Sentiment: The Real Drivers AheadIf the Fed follows through with rate cuts and ends quantitative tightening in December, liquidity will start to return to the system. Historically, this benefits crypto assets—especially meme coins like SHIB price that thrive during liquidity expansions. However, the market’s focus on inflation risks and weak job data could keep institutional investors cautious in the short term.

The keyword here is “timing.” If liquidity injection aligns with a clear inflation slowdown, risk appetite could spike again—driving capital into speculative altcoins. But if inflation surprises on the upside, expect renewed risk aversion and potential outflows from meme assets.

The Fed’s Indecision Mirrors SHIB’s Technical StalemateInterestingly, SHIB’s chart reflects the Fed’s tone: uncertain, cautious, and undecided. Just as the Fed doesn’t want to commit to an aggressive rate-cut path, SHIB traders are hesitant to push the token decisively above or below key levels.

The 0.0000100 psychological level is acting as a pivot point. If the price closes multiple daily candles above the 0.618 retracement (around 0.0000108), it could confirm a short-term reversal targeting 0.0000118–0.0000125. Conversely, a breakdown below 0.0000095 could trigger a deeper correction toward 0.0000088 or even 0.0000080.

Short-Term Shiba Inu Price Prediction: Accumulation Before the Next Macro CatalystGiven the tight Bollinger squeeze, SHIB looks primed for a breakout in the next few sessions. But the direction will likely depend on the Fed’s communication tone during Powell’s press conference. If the statement hints at ending QT and maintaining a dovish outlook, SHIB could rally toward 0.0000115 in early November.

If Powell strikes a cautious note about inflation or signals fewer cuts ahead, SHIB may retest the lower support at 0.0000090 before stabilizing.

Long-Term Shiba Inu Price Prediction: December Could Be the Turning PointSHIB’s broader trend remains bearish from the September highs, but macroeconomic shifts could change the tide. A confirmed end to quantitative tightening and sustained rate reductions would likely improve liquidity across the market, benefiting meme coins again by December.

However, SHIB price will need a clear breakout above 0.0000120 with strong volume to confirm a shift back into a bullish trend. Until then, it remains a patience game for holders and traders alike.

So, Fed cuts add hope but uncertainty dominates the short-term outlook.

$SHIB is consolidating tightly around 0.0000100—breakout likely soon.A dovish Fed tone could spark a short-term rally; a cautious stance might send SHIB lower.Watch for decisive closes above 0.0000108 or below 0.0000095 for direction.December’s potential QT end could trigger a stronger recovery phase.

Bitcoin price has surged 85% since Mt. Gox began repayments, proving fears of a massive sell-off were overblown as demand easily absorbed supply.

Solana’s price action has been a rollercoaster lately, sparked by several shifting currents in the market. At the heart of today’s fluctuations is a mix of macro uncertainty around the US Fed rate cut, technical resistance near $200. And lackluster excitement from the debut of Bitwise’s Solana ETF.

Market participants rushed to take profit as SOL approached $200, worried that the wider crypto space might see volatility ahead of the central bank’s announcement. This mix led to rejection from the resistance, causing sellers to step in and send the Solana price lower. Despite a weekly climb of 6.3%, the latest Solana news today shows traders are holding their breath. Join me as I look at the Solana price USD chart for clues and targets.

SOL Price AnalysisOn the technical front, Solana price is currently testing the $194.71 mark following a sharp rejection at $200. The daily price action reveals that SOL struggled to close above $200 several times. With each attempt drawing in sellers and prompting further profit-taking. Successively, volatility remains high, with a 24-hour range between $191.39 and $203.83 and trading volume surging 18.49% to $7.53 billion.

A key short-term level is the 7-day SMA at $193. If the price of Solana breaks below this support, it opens the door to extended losses, possibly targeting the next support at $177.33. The Bollinger Bands are narrowing, suggesting that price momentum is stalling and the market could enter a rangebound phase. The RSI stands at 45.92, below the 55.17 midline, reflecting a modest bullish momentum but avoiding oversold territory.

Moving averages suggest a mixed bias with shorter-term averages, like the 7-day and 20-day SMA, flattening out just above and below current prices. The $197.60 and $204.59 zones remain as intermediate resistance levels. This is while downside risks increase if sellers breach the $193 EMA. 

Consequently, looking further up, any bullish reversal may see resistance retested at $211.78 or even $222.27. 

FAQsWhere is Solana finding strong support and resistance right now?

Major support sits near $193 based on the 7-day SMA. Key resistance levels are at $200, then $211.78, and $222.27 on the Solana price USD chart.

Can I count on the current technical indicators for SOL?

The indicators, like the Bollinger Bands and RSI, suggest a neutral to slightly bearish momentum. Monitoring reactions around $193 and $200 is key for near-term moves.

Can Solana’s price rebound soon?

If SOL quickly recovers above $200 and sustains volume, a rebound toward $211 is possible. A loss of $193 support would increase the chance of further downside.

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The update introduces key scalability and efficiency improvements through proposals like PeerDAS (EIP-7594), which streamlines data handling for validators, and prepares the network for future parallel execution and zero-knowledge rollup enhancements. Meanwhile, the Bitcoin community is facing internal conflict after F2Pool co-founder Chun Wang publicly rejected BIP-444 — a proposed temporary soft fork which is meant to limit on-chain data spam — calling it misguided.

Ethereum’s Fusaka Hits Final Testnet MilestoneEthereum reached another key milestone in its evolution, with its next major upgrade, Fusaka, now live on the blockchain’s final Hoodi testnet. This development paves the way for the upgrade’s mainnet launch, which is scheduled for Dec. 3. 

The upgrade is expected to deliver major scalability and security improvements across the network. Nethermind, one of Ethereum’s most widely used validator clients, confirmed the successful testnet fork in a post on X, and called it “another smooth upgrade” and a major step forward toward Fusaka’s full deployment.

Fusaka introduces several important Ethereum Improvement Proposals (EIPs) that are designed to enhance efficiency and prepare the blockchain for future scalability milestones. One of the most notable is EIP-7594, also known as Peer Data Availability Sampling (PeerDAS), which will allow validators to read smaller fragments of data from layer 2 networks instead of full data blobs. This innovation will boost node efficiency and reduce computational strain as Ethereum expands its rollup-based scaling strategy. 

Other proposals, including EIP-7825 and EIP-7935, will raise the gas limit and streamline performance in preparation for parallel execution—a feature that will enable multiple smart contracts to be processed simultaneously. Additional EIPs in Fusaka focus on improving support for zero-knowledge rollups, which are an increasingly important component of Ethereum’s scaling ecosystem.

The Fusaka upgrade will roll out in three phases: the initial mainnet launch, followed by the activation of the EIP to increase blob capacity, and then a subsequent hard fork to further expand that capacity. Once Fusaka is complete, the attention of developers will shift to the Glamsterdam upgrade, which will continue Ethereum’s progress through the “Surge” stage of its technical roadmap aimed at enhancing scalability.

This upgrade arrives during a time of leadership changes at the Ethereum Foundation, with several contributors departing and voicing concerns about the project’s current direction. Despite the internal turbulence, ETH still recently reached a yearly all-time high, driven by rising ETF inflows and growing corporate adoption. 

One of Fusaka’s main goals is to strengthen Ethereum’s position in the blockchain landscape by addressing scalability—one of the key challenges in the network’s long-standing “blockchain trilemma” of balancing decentralization, security, and efficiency.

Controversy Builds Over BIP-444While Ethereum’s Fusaka update is gaining momentum, Bitcoin mining pool F2Pool founder Chun Wang publicly opposed a proposed temporary soft fork designed to curb data spam on the Bitcoin network. 

In a post on X, Wang criticized Bitcoin Improvement Proposal (BIP)-444 by calling it “a bad idea” and stating that neither he nor F2Pool would support or enforce such a fork, whether temporary or not. He is especially disappointed that some Bitcoin developers are “moving further and further in the wrong direction.” It is becoming very clear that there are growing divisions in the community over the protocol’s future direction.

BIP-444 was proposed by pseudonymous developer Dathon Ohm, and its goal is to temporarily restrict the inclusion of arbitrary or non-transaction data on Bitcoin, which some consider unnecessary “spam.” The proposal would cap non-transaction data at 83 bytes and impose limits on data embedding paths, effectively curbing Ordinal-based NFT creation and other non-monetary uses of the blockchain. 

Ohm argued that the measure would reinforce Bitcoin’s core identity as “money, not data storage,” while reducing legal risks for node operators who might otherwise be seen as distributing illicit content stored on-chain. The restrictions would last for about 1.27 years, until block 987,424, giving developers time to devise a more permanent solution.

Bitcoin developer Peter Todd challenged BIP-444’s effectiveness, and demonstrated that he could embed the proposal’s entire text within a transaction that still complied with the proposed restrictions. Others suggested that the soft fork might do little to prevent the kind of activity it seeks to limit. 

Nonetheless, BIP-444’s backers argue that even a temporary restriction would help safeguard Bitcoin’s legal standing and reduce the risk of the blockchain being misused for storing illegal or harmful content.

The controversy shed some light on a long-running ideological divide within Bitcoin’s developer community — between those who see it as purely a financial protocol and those who view it as a flexible, programmable platform. 

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On-chain data shows the short-term holder Bitcoin whales have returned to a state of profit following the recovery surge in the asset’s price.

Bitcoin Is Back Above Realized Price Of New Whales
As explained by on-chain analytics firm CryptoQuant in a new post on X, the Bitcoin short-term holder whales are back in the green. The “short-term holders” (STHs) refer to the BTC investors who purchased their tokens in the past 155 days, while “whales” are the holders with more than 1,000 BTC in their balance.

The STH whales, therefore, would be the big-money traders who got into the market during the last five months. They are also known as “new whales.”

STHs are generally fickle-minded investors who tend to panic during periods of volatility. Likewise, they are also prone to showing a reaction when their break-even level gets retested, or their profit-loss status gets flipped.

The recent bearish action in the Bitcoin price meant that the STHs as a whole fell into losses. The recovery that the coin has seen in the last few days, however, has resulted in a return of profitability for the cohort.

Below is the chart shared by CryptoQuant, which shows the trend in the “Realized Price” (a measure of the average cost basis) of the STH whales over the last few years.

Looks like the price of the coin has recently broken back above this line | Source: CryptoQuant on X
As displayed in the graph, the Bitcoin STH whales currently have their Realized Price around $112,788. At present, the cryptocurrency’s price is sitting 2% above this mark, implying the group is in a net unrealized profit of 2%.

While this isn’t too significant a profit, the fact that the STH whales are no longer under distress could still be notable. “This marks a key psychological shift for the market,” noted the analytics firm.

The STH whales hold about 1.14 million BTC today, as the below chart shows.

The breakdown of the BTC supply between new and old whales | Source: CryptoQuant on X
The new whales have seen some rapid growth in their combined balance recently, but the long-term holder (LTH) or old whales still dominate the cryptocurrency’s supply.

Despite holding on such a large portion of the supply, the LTH whales haven’t been participating in much profit-taking during the past few days, as pointed out by CryptoQuant author IT Tech in an X post.

The data for the BTC Exchange Inflows coming from the LTHs | Source: @IT_Tech_PL on X
From the chart, it’s apparent that Bitcoin exchange deposits involving coins older than six months have stayed muted recently. “This signals that long-term conviction remains strong, with little sign of distribution,” explained the analyst.

BTC Price
At the time of writing, Bitcoin is trading around $115,000, up almost 3% over the last week.

The trend in the price of the coin over the last five days | Source: BTCUSDT on TradingView
Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

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These figures are nearly double the Fed’s 2% target. This disconnect between policy goals and consumer expectations further supports the case for inflation hedges.

Gold Pulls Back as Bitcoin Gains Ground
Gold price dropped below the psychologically significant $4,000 level and hit strong support at $3,900.

This decline coincides with Bitcoin’s brief rally to $116,000 level, suggesting a rotation of capital from traditional safe havens to digital assets. However, both markets are reacting to the same underlying forces: Fed uncertainty, inflation dynamics, and liquidity stress. Despite the sharp drop in gold over the past week, the price is now recovering from initial support levels. This rebound suggests that the correction may be short-lived.

On the other hand, Bitcoin has traded within a narrow range between $100,000 and $125,000 for over four months. This consolidation period indicates price compression, increasing the likelihood of extensive breakouts. If Bitcoin breaks above $125,000, the price could surge toward $180,000 in the coming months.

The daily chart for Bitcoin shows intense volatility within a broadening wedge pattern, with key support at $100,000.

Institutional Adoption Drives Bitcoin Narrative
Beyond macroeconomics, corporate behaviour is fuelling Bitcoin’s momentum. Metaplanet Inc. announced a $500 million share buyback, signalling confidence in crypto assets. Meanwhile, Cathie Wood’s ARK Invest increased its exposure to Block Inc. by $30.9 million across three ETFs. ARK has also invested in Coinbase, Circle, Robinhood, and Bitmine, demonstrating consistent conviction in the crypto space.

This wave of institutional accumulation supports the thesis that Bitcoin is more than just a speculative asset. It is becoming a strategic reserve asset in corporate treasuries, a role long held by gold.

Gold and Bitcoin: Different Strengths, Same Mission
Gold and Bitcoin serve as hedges against monetary debasement. However, their behavior differs under changing market conditions. Gold is showing short-term weakness due to shifting inflation expectations and profit-taking. However, Bitcoin remains firm, supported by institutional investment and long-term bullish setups.

Inflation is likely to remain sticky, and real yields are limited by heavy debt. With financial stress increasing, both gold and Bitcoin remain essential assets in a portfolio. A recovery above $4,010 in spot gold and a breakout above $125,000 in Bitcoin would confirm the continuation of the positive trend in both assets.

Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) has struck a development deal with a leading Japanese carmaker to build advanced driver and passenger monitoring systems, as the UK-listed technology company deepens its presence in Asia’s automotive market.

The company said on Wednesday that it had been chosen to deliver an “Advanced Development Project” directly with the manufacturer.

The project will focus on creating a “feature-rich” system that uses artificial intelligence to track drivers’ and passengers’ attention and behaviour inside vehicles, a technology increasingly used to improve road safety.

Japanese carmakers often use these early-stage development projects to test suppliers’ technology before awarding full production contracts.

Seeing Machines said it expects a formal production deal to follow in the first half of 2026, with manufacturing due to begin in the second half of 2028.

Paul McGlone, chief executive, said: “We are delighted to be working directly with a prominent Japanese OEM on this project, demonstrating our commitment, technical capability and alignment with their requirements.

"This engagement reflects growing recognition of our AI-powered DMS/OMS capability and marks an exciting milestone in our expansion within the Japanese automotive market.”

He added that Japan was becoming an increasingly important market for the company and represented “a large proportion” of its current automotive contract pipeline.

Seeing Machines, which is listed on London’s AIM market, develops computer vision technology that uses cameras and sensors to monitor drivers and occupants in vehicles, detecting signs of distraction, fatigue or unsafe behaviour.

The company’s systems are already used by a number of global carmakers and fleet operators.

Philippe Laffont's hedge fund, Coatue Management, owns shares of Beyond Meat.

Hedge funds are some of the most fascinating institutions on Wall Street. One firm that I analyze closely is Coatue Management, founded by billionaire investor Philippe Laffont. Coatue is primarily known to invest in growth stocks, particularly in the technology and healthcare sectors.

According to its latest 13F filing, some of Coatue's largest positions include CoreWeave, Meta Platforms, Amazon, GE Vernova, and Microsoft. If the names above are any indication, I think it's safe to say that Laffont is bullish on artificial intelligence (AI). Beyond AI, Coatue also holds positions in companies such as Intuitive Surgical, Caris Life Sciences, and Hinge Health.

It would appear that Coatue is invested in top-notch businesses -- deliberately avoiding abnormal levels of risk. This begs the question: Why in the world does Coatue hold Beyond Meat (BYND +9.12%) stock?

Over the last few trading sessions, shares of Beyond Meat skyrocketed by more than 200% seemingly out of nowhere, before collapsing again.

Does Laffont know something the rest of us don't? Let's dig into what's fueled the rally in Beyond Meat stock.

Why did Beyond Meat stock move higher?
The volatility in Beyond Meat stock was kicked off following an 8-K filing in mid-October. In the filing, the company disclosed the completion of a convertible note offering -- effectively swapping the securities to augment liquidity needs. Per the structure of the deal, a total of 316,150,176 new shares were added to Beyond Meat's outstanding share count.

Initially, the news was not met with much fanfare. After all, the company basically telegraphed that it is not generating enough cash flow organically to bolster the cash position on its balance sheet. Nevertheless, retail traders swiftly changed the negative sentiment surrounding Beyond Meat.

Thanks to buzz on social media platforms, a choreographed short squeeze was orchestrated -- sending shares of Beyond Meat parabolic. These types of events happen from time to time. Remember GameStop and AMC Entertainment?

Broadly speaking, though, short squeezes tend to be fleeting -- maybe lasting a couple of days at most. Seldom are they prolonged events that go on for no real reason. This isn't exactly what's going on with Beyond Meat, though.

Shortly following the convertible debt transaction, the company announced a major distribution deal with Walmart. Admittedly, this could be perceived as a positive tailwind. In theory, selling into Walmart could lead to new customer acquisition and represent part of a turnaround that Beyond Meat so desperately needs (more on that below).

Beyond Meat is a business in decline
The snapshot below illustrates Beyond Meat's revenue and gross profit over the last 12 months. Not only are sales in decline, but the company's gross margin profile is razor thin -- hovering around 9%. With this type of trajectory, it's no wonder the company is desperate for cash and resorted to the debt offering.

BYND Revenue (TTM) data by YCharts

To me, Beyond Meat's business is in trouble and there aren't many -- if any -- prudent reasons to buy the stock.

Against that backdrop, I'm confident that the outsized volatility and abnormal gains investors have witnessed over the last week can be summed up by the following idea: day traders found their newest meme stock.

Why might Laffont like Beyond Meat stock?
Given Beyond Meat's poor operational performance, it's curious why Coatue would hold a position in the company at all. I have a few theories.

First, Coatue has been an investor in another plant-based meat company, Impossible Foods, for several years. It's possible that the firm saw Beyond Meat as an opportunity to gain more exposure at the intersection of health, wellness, and the trillion-dollar food market. Simply put, owning Beyond Meat stock could be a form of hedging the investment in Impossible Foods.

Another idea is that Coatue might be willing to roll the dice on an unusually high beta stock. Given its core positions are diversified blue-chip companies disrupting multiple industries poised for long-term growth, perhaps Coatue is allocating a portion of its portfolio to a more speculative asset.

My last theory -- and the one that seems most plausible -- is that Beyond Meat represents an incredibly small position within Coatue's broader portfolio. The fund only owns 343,393 Beyond Meat shares, accounting for less than 0.1% of its total holdings -- suggesting it may be a peripheral investment rather than a core focus area.

It's important to note that the short squeeze may see a crash landing. Shares of Beyond Meat fell sharply from their peak, although they still show a gain of more than 30%. Chasing momentum now is risky. It's best to sit this one out and avoid being a bag holder.

All told, I do not think that Laffont knows something the rest of Wall Street doesn't.

SummaryON Semiconductor Corp. is rated a BUY due to solid financials, anticipated cyclical recovery, Fab Right efficiencies, and AI-driven growth catalysts.ON has weathered revenue declines from automotive and industrial slowdowns but maintains strong margins, robust free cash flow, and a healthy balance sheet.Fab Right restructuring aims to optimize manufacturing and boost margins, while AI/data center exposure positions ON for long-term growth.Valuation appears moderately attractive versus peers, with risks tied to market demand and competition, but ON's risk-reward profile remains compelling. JHVEPhoto/iStock Editorial via Getty Images

Investment Thesis ON Semiconductor Corporation (NASDAQ:ON), or onsemi, has shown weak stock performance, declining nearly 20% year-to-date. This weakness primarily stems from revenue contraction since FY23.

This article assesses whether the company could represent

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ON over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

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Caterpillar Inc. (NYSE:CAT) will release earnings results for the third quarter, before the opening bell on Wednesday, Oct. 29.

Analysts expect the Irving, Texas-based company to report quarterly earnings at $4.52 per share, down from $5.17 per share in the year-ago period. The consensus estimate for Caterpillar's quarterly revenue is $16.77 billion, compared to $16.11 billion a year earlier, according to data from Benzinga Pro.

On Oct. 12, Caterpillar inked a Scheme Implementation Deed with Australia-based RPMGlobal Holdings Limited. As per the deal, Caterpillar, or its wholly owned subsidiary, will acquire 100% of RPM's fully diluted share capital through a Scheme of Arrangement for an equity value of 1.12 billion Australian dollars ($733 million)..

Shares of Caterpillar fell 0.5% to close at $524.47 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

JP Morgan analyst Tami Zakaria maintained an Overweight rating and increased the price target from $505 to $650 on Oct. 14, 2025. This analyst has an accuracy rate of 72%.
UBS analyst Steven Fisher maintained a Neutral rating and boosted the price target from $450 to $506 on Oct. 13, 2025. This analyst has an accuracy rate of 74%.
Truist Securities analyst Jamie Cook maintained a Buy rating and increased the price target from $507 to $582 on Oct. 8, 2025. This analyst has an accuracy rate of 73%.
Citigroup analyst Kyle Menges maintained a Buy rating and raised the price target from $500 to $540 on Sept. 23, 2025. This analyst has an accuracy rate of 77%.
Baird analyst Mircea Dobre maintained an Outperform rating and increased the price target from $495 to $540 on Sept. 17, 2025. This analyst has an accuracy rate of 77%
Considering buying CAT stock? Here’s what analysts think:

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

By Reuters

October 29, 20257:37 AM UTCUpdated ago

People walk past a branch of Santander bank in London, Britain, January 17, 2025. REUTERS/Isabel Infantes Purchase Licensing Rights, opens new tab

Oct 29 (Reuters) - Santander UK

(SANS_pa.L), opens new tab on Wednesday said it has decided not to publish its third-quarter results as the lender seeks clarity on the UK financial regulator's proposals related to the motor finance mis-selling scandal.

Santander UK added that it does not expect a material impact on its capital or liquidity position as a result of any potential increase to its existing motor finance provision, which was previously estimated at 293 million pounds to cover compensation.

Sign up here.

The lender did not provide a new date for the third-quarter results, but said it expects to be in a position to give further information at its fourth-quarter update scheduled in February.

Reporting by Yadarisa Shabong in Bengaluru; Editing by Janane Venkatraman

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

TOKYO & DENVER--(BUSINESS WIRE)--NEC Corporation (TSE: 6701) (“NEC”) and CSG Systems International, Inc. (NASDAQ: CSGS) (“CSG”) today announced they have entered into a definitive agreement under which NEC will acquire CSG for US$80.70 per share in cash, for a total enterprise value of approximately US$2.9 billion, or JPY438.5 billion, including debt. The transaction price represents a 17.38% premium over CSG’s closing price of US$68.75 on October 28, 2025, and a 23.07% premium to the volume-weighted average price (VWAP) of CSG common stock for the 30 days ending October 28, 2025.

The transaction strengthens NEC's position as a leader in next-generation digital solutions and accelerates AI and cloud-driven innovation for customers across industries. It will bring together complementary software and services across digital transformation, expanding NEC's software-as-a-service (SaaS) portfolio, customer footprint, and global reach.

Adding CSG’s proven SaaS product portfolio and strong global customer base to NEC and its subsidiary, Netcracker, delivers meaningful value to customers through a diversified and expanded product portfolio. The transaction will enable NEC to deliver a more competitive offering in next-generation environments, such as global communication service providers, and to leading brands in high-growth sectors such as media, financial services, healthcare, retail and logistics. The transaction builds on the capabilities of NEC’s subsidiary, Netcracker, which provides a complementary global footprint and deep expertise in BSS (Business Support Systems) and OSS (Operational Support Systems), aligning naturally with CSG’s strengths.

The agreement has been unanimously approved by both companies' Boards. The transaction is expected to close within the 2026 calendar year, subject to the satisfaction of customary closing conditions, including approval by CSG shareholders and receipt of required regulatory approvals.

Advisors

Goldman Sachs is serving as financial advisor, Freshfields is serving as legal advisor, and FGS Global is serving as strategic communications advisor to NEC. Jefferies is serving as financial advisor, Simpson Thacher & Bartlett LLP is serving as legal advisor, and Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to CSG.

About NEC

The NEC Group leverages technology to create social value and promote a more sustainable world where everyone has the chance to reach their full potential.

NEC Corporation was established in 1899. Today, the NEC Group’s approximately 110,000 employees utilize world-leading AI, security, and communications technologies to solve the most pressing needs of customers and society.

About CSG

CSG empowers companies to build unforgettable experiences, making it easier for people and businesses to connect with, use and pay for the services they value most. Our customer experience, billing and payments solution help companies of any size make money and make a difference. With our SaaS solutions, company leaders can take control of their future and tap into guidance along the way from our fiercely committed and forward-thinking CSGers around the world.

FORWARD-LOOKING STATEMENTS

The foregoing contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Forward-looking statements include, but are not limited to, statements concerning the Company’s expectations, plans, intentions, strategies or prospects with respect to the proposed transaction. These statements are often identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “hope,” “hopeful,” “likely,” “may,” “optimistic,” “possible,” “potential,” “preliminary,” “project,” “should,” “will,” “would” or the negative or plural of these words or similar expressions or variations. Forward-looking statements are made based upon management’s current expectations and beliefs and are not guarantees of future performance. Such forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results and the timing of certain events to differ materially from future results expressed or implied by the forward-looking statements. These factors include, among others: (i) the ability of the parties to complete the proposed transaction on the anticipated terms and timing, or at all; (ii) the satisfaction or waiver of other conditions to the completion of the proposed transaction, including obtaining required shareholder and regulatory approvals; (iii) the risk that the Company’s stock price may fluctuate during the pendency of the proposed transaction and may decline if the proposed transaction is not completed; (iv) potential litigation relating to the proposed transaction that could be instituted against the Company or its directors, managers or officers, including the delay, expense or other effects of any outcomes related thereto; (v) the risk that disruptions from the proposed transaction will harm the Company’s business, including current plans and operations, including during the pendency of the proposed transaction; (vi) the ability of the Company to retain, motivate and hire key personnel; (vii) the diversion of management’s time and attention from ordinary course business operations to completion of the proposed transaction and integration matters; (viii) potential adverse reactions or changes to business relationships resulting from the announcement, pendency or completion of the proposed transaction; (ix) legislative, regulatory and economic developments; (x) potential business uncertainty, including changes to existing business relationships, during the pendency of the proposed transaction that could affect the Company’s financial performance; (xi) certain restrictions during the pendency of the proposed transaction that may impact the Company’s ability to pursue certain business opportunities or strategic transactions; (xii) unpredictability and severity of catastrophic events, including but not limited to acts of terrorism, outbreaks of war or hostilities or global pandemics, as well as management’s response to any of the aforementioned factors; (xiii) the possibility that the proposed transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (xiv) unexpected costs, liabilities or delays associated with the transaction; (xv) the response of competitors to the transaction; (xvi) the occurrence of any event, change or other circumstance that could give rise to the termination of the proposed transaction, including in circumstances requiring the Company to pay a termination fee; (xvii) the ability to realize the anticipated benefits of the proposed transaction, including the expected synergies and cost saving; (xviii) the possibility that competing or superior acquisition proposals for the Company will be made; and (xix) other risks set forth under the heading “Risk Factors,” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and in the Company’s subsequent filings with the Securities and Exchange Commission. You should not rely upon forward-looking statements as predictions of future events. Actual results and outcomes could differ materially from the results described in or implied by such forward-looking statements. Forward-looking statements speak only as of the date hereof, and, except as required by law, the Company undertakes no obligation to update or revise these forward-looking statements.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

This communication does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities or a solicitation of any vote or approval. This communication relates to a proposed acquisition of CSG Systems International, Inc. by NEC Corporation. In connection with this proposed acquisition, CSG Systems International, Inc. plans to file one or more proxy statements or other documents with the SEC. This communication is not a substitute for any proxy statement or other document that CSG Systems International, Inc. may file with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS OF CSG SYSTEMS INTERNATIONAL, INC. ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS THAT MAY BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Any definitive proxy statement(s) (if and when available) will be mailed to stockholders of CSG Systems International, Inc. Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by CSG Systems International, Inc. through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by CSG Systems International, Inc. will be available free of charge on CSG Systems International, Inc.’s internet website at https://ir.csgi.com/investor-home/default.aspx or upon written request to: CSG Systems International, Inc., Investor Relations, 169 Inverness Dr W, Suite 300, Englewood, CO 80112, or by email at [email protected].

Participants in Solicitation

CSG Systems International, Inc., its directors and certain of its executive officers and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information about the directors and executive officers of CSG Systems International, Inc. is set forth in its proxy statement for its 2025 annual meeting of stockholders, which was filed with the SEC on April 1, 2025. To the extent that holdings of CSG Systems International, Inc.’s securities by its directors or executive officers have changed since the amounts set forth in CSG Systems International, Inc.’s proxy statement for its 2025 annual meeting of stockholders, such changes have been or will be reflected on Initial Statements of beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC.

Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement relating to the proposed transaction and other relevant materials to be filed with the SEC when they become available. These documents can be obtained free of charge from the sources indicated above.

CSG Systems International, Inc.

Investor Relations

129 Inverness Dr W, Suite 300, Englewood, CO 80112

[email protected]

https://ir.csgi.com/investor-home/default.aspx

UPPSALA, SE / ACCESS Newswire / October 29, 2025 / Senzime (STO:SEZI)(OTCQX:SNZZF) - Senzime AB's (publ) interim report for January - September 2025 is now available on the company's website www.senzime.com . Strategic events during and after the end of the third quarter Additional strategic hospital contracts secured in the U.S. market.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of FLG.PR.U either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

FRANKFURT, Germany--(BUSINESS WIRE)--FUJIFILM Biotechnologies, a world-leading contract development and manufacturing organization for biologics, vaccines, and advanced therapies, is proud to celebrate that its president and CEO Lars Petersen has been named “CEO of the Year” at the CPHI Pharma Awards 2025 in Frankfurt, Germany. The annual global CPHI event brings together 62,000 professionals from the entire pharmaceutical supply chain. CPHI's “CEO of the Year” award recognizes outstanding lead.

Enterprises combine AI tools, hybrid work and global talent strategies to balance innovation with efficiency and compliance, ISG Provider Lens® report says

FRANKFURT, Germany--(BUSINESS WIRE)--Slowing growth and persistent skill shortages are prompting enterprises in Germany to adopt new workplace models centered on flexibility and autonomous AI systems, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm.

German workplaces are undergoing one of the most significant transformations in decades. Organizations are adopting hybrid models and integrating responsible AI as long-term strategies for productivity and growth.

Share
The 2025 ISG Provider Lens® Future of Work Services report for Germany finds that economic stagnation and demographic pressures have combined to create a structural labor shortage that is reshaping corporate policy and accelerating the adoption of AI-enabled work models. Enterprises are also expanding international recruitment and reskilling programs, treating global talent acquisition as a long-term strategic necessity to fill domestic skill gaps.

“German workplaces are undergoing one of the most significant transformations in decades,” said Martin Mitrega, director at ISG. “Organizations are adopting hybrid models and integrating responsible AI as long-term strategies for productivity and growth.”

Hybrid work has become a permanent pillar of the German labor market, the report says. The profound shifts in work organization triggered by the COVID-19 pandemic have now consolidated into a new, stable way of working in Germany. Hybrid arrangements have shifted from temporary measures to strategic fixtures of many workplaces, with knowledge-based industries leading this trend. Companies are redesigning offices as collaboration hubs and equipping managers to lead distributed teams.

AI adoption has reached an inflection point in Germany, influencing workplace practices, ISG says. A recent survey by the Germany-based ifo Institute found that more than 40 percent of German companies use AI in their business processes and more than 90 percent see generative AI (GenAI) as critical to future business models. AI implementation is shifting from limited use to a core business priority, with investment rising in multiple sectors. Implementations of AI without IT oversight have raised concerns about AI security and governance.

Agentic AI is the next frontier for German enterprises and is rapidly emerging, the report says. Autonomous AI agents can plan, reason and execute multistep tasks with minimal human oversight. Germany’s enterprise agentic AI market demonstrates how the technology is evolving from a tool to a collaborative team member. Major automotive operations such as Mercedes-Benz and BMW already deploy agentic systems for conversational navigation and supply chain optimization, moving from task automation to end-to-end process redesign. However, this growing ambition is matched by rising caution. Trust in fully autonomous systems has declined sharply amid greater awareness of risks related to data privacy, algorithmic bias and loss of control.

“AI is increasingly seen as a driver of job transformation rather than outright replacement,” said Roman Pelzel, principal analyst, ISG Provider Lens Research, and lead author of the report. “As awareness of privacy and control risks grows, enterprises are redefining roles and skills to foster human-agent collaboration rather than full automation.”

The report also explores other trends in Germany’s workplace services market, including changes being implemented to reach sustainability goals and a recent shift toward experience-driven, outcome-based contracting aligned with responsible AI governance.

For more insights into the workplace and AI-related challenges faced by enterprises in Germany, plus ISG’s advice for overcoming them, see the ISG Provider Lens® Focal Points briefing here.

The 2025 ISG Provider Lens® Future of Work Services report for Germany evaluates the capabilities of 39 providers across six quadrants: Workplace Strategy and Enablement Services, Collaboration and Next-gen Experience Services, Managed End-user Technology Services, Continuous Productivity Services (including Next-gen Service Desk), Smart and Sustainable Workplace Services and AI-augmented Workforce Services.

The report names Capgemini, Deutsche Telekom, Infosys and Wipro as Leaders in all six quadrants. Accenture, Bechtle, Computacenter and HCLTech are named as Leaders in five quadrants each. Unisys is named as a Leader in four quadrants. Deloitte and TCS are named as Leaders in three quadrants each. NTT DATA and PwC are named as Leaders in two quadrants each, and Atos and Lenovo are named as Leaders in one quadrant each.

In addition, NTT DATA and Stefanini are named as Rising Stars — companies with a “promising portfolio” and “high future potential” by ISG’s definition — in two quadrants each. Bechtle, Getronics and netgo are recognized as Rising Stars in one quadrant each.

In the area of customer experience, Microland is named the global ISG CX Star Performer for 2025 among future of work service providers. Microland earned the highest customer satisfaction scores in ISG’s Voice of the Customer survey, part of the ISG Star of Excellence™ program, the premier quality recognition for the technology and business services industry.

Customized versions of the report are available from Computacenter, Deutsche Telekom, Infosys and netgo.

The 2025 ISG Provider Lens® Future of Work Services report for Germany is available to subscribers or for one-time purchase on this webpage.

About ISG Provider Lens® Research

The ISG Provider Lens® Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG’s global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG’s enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.

About ISG

ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world’s top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data, in-depth knowledge of provider ecosystems, and the expertise of its 1,600 professionals worldwide working together to help clients maximize the value of their technology investments.

More News From Information Services Group, Inc.

October 29, 2025 04:00 ET

 | Source:

Nokia Oyj

Press Release
Nokia deploys future-ready network architecture to enhance Zayo’s leading IP network infrastructure

Upgraded IP network architecture to provide Zayo’s customers with faster, broader set of services including cloud access, data center connectivity, and secure high-speed links First phase underway in New York and New Jersey - expansion planned to dozens of additional markets and thousands of lit buildingsSolution based on Nokia’s high-performance IP routers, powered by Nokia’s advanced FP5 silicon 29 October 2025
Espoo, Finland - Nokia today announced that it is working with Zayo, a leading global communications infrastructure provider, to deploy a next-generation IP network architecture to enhance Zayo’s network connectivity. With this deployment, Zayo’s customers will experience faster and more reliable internet services and will gain access to a broader set of services — including cloud access and data center connectivity over secure high-speed links — which drive productivity, improve collaboration, and open new economic opportunities.

The first phase of deployment is underway in New York and New Jersey, with expansion planned to dozens of additional markets and thousands of lit buildings in the near future.

Zayo’s fiber footprint spans over 19 million fiber miles and 147,000 route miles, connecting 400 markets and more than 1,500 on-net data centers globally. The new network architecture allows Zayo to deploy connectivity in new markets and bring more lit buildings online in record time, enabling the company to expand its reach and quickly respond to changing market conditions. The ability to rapidly deliver high-capacity infrastructure closer to its end user also reduces exposure to single points of failure, minimizes congestion, and ensures stable, resilient performance across Zayo’s IP backbone. This transformation to a more modular and scalable solution with Nokia’s next-generation IP router solution positions Zayo to meet growing bandwidth demand — including delivering 400G and 800G-capable services at scale — to support the next wave of cloud and edge computing and enable faster access to digital services for its customers.

“By partnering with Nokia, we’re setting a new standard for what’s possible in fiber-based connectivity. The ability to rapidly light up new buildings and markets on our IP network allows us to more quickly respond to customer demand faster, which is increasingly important in today’s fast-evolving market. Nokia’s solution delivers the reliability, performance, and agility we need to meet the growing needs of our customers—from cloud providers and data centers to schools and enterprises,” said Aaron Werley, SVP of Engineering, Zayo.

This next-generation architecture replaces Zayo’s existing Provider Edge infrastructure with Nokia’s high-performance IP router solution. Built on Nokia’s advanced FP5-based 7750 Service Router and the Nokia 7250 Interconnect Router (IXR), the new solution enables rapid deployment, increased reliability, and simplified operations across Zayo’s extensive global network. The new Nokia architecture enhances scalability, allowing Zayo to serve more customers while improving reliability and performance across its infrastructure.

“This collaboration with Zayo reflects a shared commitment to advancing connectivity and creating new opportunities for digital transformation across industries. It’s also a great example of how Nokia’s technology leadership can accelerate network transformation for our customers. With our FP5-based platforms and deep expertise in IP networks, we’re enabling Zayo to deploy services faster, simplify operations, and lead the market with flexible, future-ready infrastructure. Together, we’re delivering the kind of innovation that sets a new bar for the entire industry,” said Jeff Valley, Vice President, IP Networks, Nokia.

Multimedia, technical information and related news
Product Page: Nokia 7750 Service Router
Product Page: Nokia 7250 Interconnect Routers

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

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

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

About Zayo  
For more than 17 years, Zayo has empowered some of the world’s largest and most innovative companies to connect what’s next for their business. The Zayo group of companies connects 400 global markets with future-ready networks that span over 19.1 million fiber miles and 147,000 route miles. Zayo's tailored connectivity solutions and managed services enable carriers, cloud providers, data centers, schools, and enterprises to deliver exceptional experiences, from core to cloud to edge. Discover how Zayo connects what’s next at www.zayo.com and follow us on LinkedIn.

Media inquiries
Nokia Press Office
Email: [email protected]

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Copper production was down 17% from the comparable period a year prior, the company said. Gold production also dropped while steelmaking-coal continued to rise.

Adobe Inc. (NASDAQ:ADBE) Adobe MAX - The Creativity Conference October 28, 2025 4:30 PM EDT

Company Participants

Doug Clark
Shantanu Narayen - Chairman & CEO
David Wadhwani - President of Digital Media Business
Anil Chakravarthy - President of Digital Experience Business
Daniel Durn - CFO and Executive VP of Finance, Technology, Security & Operations

Conference Call Participants

Jay Vleeschhouwer - Griffin Securities, Inc., Research Division
Kasthuri Rangan - Goldman Sachs Group, Inc., Research Division
Saket Kalia - Barclays Bank PLC, Research Division
Aleksandr Zukin - Wolfe Research, LLC
Mark Murphy - JPMorgan Chase & Co, Research Division
Michael Turrin - Wells Fargo Securities, LLC, Research Division
Keith Bachman - BMO Capital Markets Equity Research

Presentation

Doug Clark

Okay. Welcome, everyone. Thank you all for joining. This is the investor session at Adobe MAX 2025. That was just a small glimpse of all the incredible innovation that we have been showing here today at the keynote, and you'll see a lot more of tomorrow as well.

I'm Doug Clark, Head of Investor Relations. I want to thank you all for joining us in the room, members of our executive team. We also have a number of our board members here joining us today. Very excited to have all of you and then everybody globally on the webcast as well.

Quickly before we start, traditional housekeeping items. The statements that we make today involve forward-looking statements that involve risks, uncertainties and assumptions as of today, October 28. Our actual results could differ materially from those set forth in these statements. Please refer to the presentation and our risk factors with the SEC filings for additional information.

Today's slides including non-GAAP disclosures, reconciliations and additional information are posted on the Investor Relations website. So we'll keep this efficient. We're going to start with Shantanu to discuss Adobe's strategy, then turn it over to David and

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A person walks past Mercedes-Benz cars on display at a showroom in Johannesburg, South Africa March 6, 2025. REUTERS/Siphiwe Sibeko Purchase Licensing Rights, opens new tab

CompaniesBERLIN, Oct 29 (Reuters) - Mercedes

(MBGn.DE), opens new tab on Wednesday reported a 70% drop in operating profit in the third quarter, as the cost of job cuts added to U.S. tariff woes and weak demand for the German luxury carmaker.

Group earnings before interest and taxes came in at 750 million euros ($875 million) in the July-to-September period, down from 2.5 billion euros in the same period last year.

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In adjusted terms, quarterly EBIT was 2.1 billion euros, impacted by special effects including payouts for redundancies.

The company maintained its guidance for the full year but warned of a "dynamic" environment, adding it would push ahead with efficiency measures across the group.

Mercedes' troubles are spread across its most important markets: tariffs weigh in the U.S., sales are falling in the highly competitive Chinese market and European emissions targets have prompted an uneasy shift towards margin-squeezing electric vehicles (EV).

Mercedes is undergoing restructuring measures to save 5 billion euros globally by 2027.

Overall, the company booked 876 million euros in expenses for restructuring programmes in the third quarter, up from 560 million euros in the prior three-month period.

($1 = 0.8575 euros)

Reporting by Rachel More; Editing by Christoph Steitz, Kirsti Knolle

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

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

Ben & Jerry’s co-founder Ben Cohen said Tuesday that parent company Unilever prevented the ice cream maker from creating a "flavor for Palestine."

Cohen and the Vermont-based ice-cream maker are known for social activism, often supporting Palestinians and criticizing Israel.

"Unilever / Magnum stopped Ben & Jerry’s from creating a flavor for Palestine — so I’m doing it myself," Cohen wrote on X, referring to Magnum Ice Cream, Unilever's ice cream unit.

"I’ve got a watermelon, an empty pint, and I need your help: Name the flavor or suggest ingredients. Or design the pint packaging," he continued.

BEN & JERRY'S COFOUNDER LEAVES BUSINESS AFTER 47 YEARS, CLAIMING HE'S BEEN 'SILENCED' BY UNILEVER

Ben & Jerry’s co-founder Ben Cohen alleged parent company Unilever "stopped" the ice cream maker from creating an ice cream "flavor for Palestine." (Lisa Lake for MoveOn / Getty Images)

Watermelons have become a symbol of Palestinian solidarity because their red, green, black and white colors match the the Palestinian flag.

"Here I am making something that's actually pretty important. The scale of suffering of the Palestinian people over the last two years has been unimaginable. So the ceasefire is a welcome relief, but there's much more work to do to rebuild. Palestinians are still living under occupation, still recovering from years of suffering, especially Palestinian children," Cohen said in a video posted to X.

"They deserve dignity, safety, and the same rights that every human being should have," he continued. "A while back, Ben & Jerry's tried to make a flavor to call for peace in Palestine, to stand for justice and dignity for everyone, like Ben & Jerry's always has. But they weren't allowed to, they were stopped by Unilever/Magnum, the company that owns Ben and Jerry's. Just like when Ben & Jerry's tried to stop selling ice cream in the occupied territories, they were blocked again by their parent company. So I'm doing what they couldn't."

Cohen said he is now making a watermelon-flavored ice cream that "calls for permanent peace in Palestine and calls for repairing all the damage that was done there."

Watermelons are often used as a symbol of support for Palestinians since their colors match the colors of the Palestinian flag. (Photo by Win McNamee/Getty Images / Getty Images)

"I'm doing this to shine a light on the experience of Palestinian people, and children in particular, so the world does not look the other way," he said.

Fox Business has reached out to Unilever for comment.

In May, Cohen was removed from a Senate Health, Education, Labor and Pensions Committee hearing with Health and Human Services Secretary Robert F. Kennedy Jr. for protesting against the Israel-Hamas war in Gaza.

"Congress pays for bombs," Cohen shouted at the time. 

"I told Congress they’re killing poor kids in Gaza by buying bombs, and they’re paying for it by kicking poor kids off Medicaid in the US," Cohen added at the time on X.

BEN & JERRY'S CRIES FOUL AS PARENT COMPANY FIRES CEO FOR POLITICAL ACTIVISM

Ben Cohen and the Vermont-based ice-cream maker are known for social activism. (Kevin Dietsch/Getty Images))

Ben & Jerry’s co-founder, Jerry Greenfield, recently announced he is leaving the company after 47 years, saying Unilever had "silenced" the ice cream maker on social issues.

Cohen said after Greenfield's announcement that "his legacy deserves to be true to our values, not silenced."

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Earlier this year, Ben & Jerry's also claimed that Unilever unlawfully fired CEO David Stever over his social activism, violating its merger agreement. 

RLF-OD032 demonstrated bioequivalence to KUVAN® Powder Study results support planned 505(b)(2) NDA submission in early 2026 GENEVA, SWITZERLAND / ACCESS Newswire / October 29, 2025 / RELIEF THERAPEUTICS Holding SA (SIX:RLF)(OTCQB:RLFTF)(OTCQB:RLFTY) (Relief, or the Company), a biopharmaceutical company committed to delivering innovative treatment options for select specialty, unmet and rare diseases, today announced positive results from its pivotal bioequivalence clinical study evaluating RLF-OD032, Relief's innovative and highly concentrated liquid formulation of sapropterin dihydrochloride, for the treatment of phenylketonuria (PKU). The pivotal study achieved its primary pharmacokinetic endpoints, demonstrating that RLF-OD032 is bioequivalent to KUVAN ® Powder, the reference listed drug, as defined by the U.S. Food and Drug Administration.

The lender reported an 18% revenue rise in its investment bank and said it is on track to hit its full-year targets.