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2025-10-29 07:10 6mo ago
2025-10-29 02:41 6mo ago
Santander Profit Rises on Contained Costs stocknewsapi
SAN
Net profit was a touch above analysts' expectations and rose 8% from the comparable quarter last year.
2025-10-29 07:10 6mo ago
2025-10-29 02:41 6mo ago
Wal-Mart De Mexico S.A.B. de C.V. ADR (WMMVY) Q3 2025 Earnings Call Prepared Remarks Transcript stocknewsapi
WMMVF WMMVY
Wal-Mart De Mexico S.A.B. de C.V. ADR (OTCQX:WMMVY) Q3 2025 Earnings Call October 27, 2025 8:00 PM EDT

Company Participants

Salvador Villasenor Barragan - Investor Relations Director
Cristian Barrientos - Interim President, CEO & Director
Javier Andrade
Paulo Garcia - CFO and Senior VP of Administration & Finance

Presentation

Salvador Villasenor Barragan
Investor Relations Director

Good afternoon. I'm Salvador Villasenor, in charge of Investor Relations at Walmex. Thank you for joining us again to review the results for the third quarter of 2025.

Today with me is Cristian Barrientos, our recently appointed President and Chief Executive Officer of Walmart de Mexico y Centroamerica; Javier Andrade, our new Chief Merchandising Officer; and Paulo Garcia, our Chief Financial Officer. The date of this webcast is October 28, 2025. Today's webcast is being recorded and will be available at www.walmex.mx.

Before we start, let me remind you that the content of this webcast is property of Wal-Mart de México, S.A.B de C.V. and is intended for the use of the company's shareholders and its investment community. It should not be reproduced in any way. This webcast may contain certain references concerning Wal-Mart de México, S.A.B de C.V.’'s future performance that should be considered as good faith estimates made by the company. These references only reflect management's expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the company's actual performance.

Now I'll turn the webcast over to Cristian. Please Cristian, go ahead.

Cristian Barrientos
Interim President, CEO & Director

Thanks, Salvador. Hi, everyone, and thank you all for joining us today. I feel deeply honored to return to Mexico and Central America, 2 regions that have influenced much of my 26-year career at Walmart. After more than 13 years working across both regions, I have full confidence that we have the

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2025-10-29 07:10 6mo ago
2025-10-29 02:42 6mo ago
Mercedes-Benz Confirms Guidance After Tariffs, Chinese Weakness Weigh on Earnings stocknewsapi
MBGAF MBGYY
The carmaker said earnings took a hit from weakness in China and U.S. import tariffs as it reported a drop in net profit.
2025-10-29 07:10 6mo ago
2025-10-29 02:51 6mo ago
Enphase Energy, Inc. (ENPH) Q3 2025 Earnings Call Transcript stocknewsapi
ENPH
Q3: 2025-10-28 Earnings SummaryEPS of $0.90 beats by $0.24

 |

Revenue of

$410.43M

(7.76% Y/Y)

beats by $40.83M

Enphase Energy, Inc. (NASDAQ:ENPH) Q3 2025 Earnings Call October 28, 2025 4:30 PM EDT

Company Participants

Zachary Freedman - Head of Investor Relations
Badrinarayanan Kothandaraman - President, CEO & Director
Mandy Yang - EVP & CFO

Conference Call Participants

Colin Rusch - Oppenheimer & Co. Inc., Research Division
Brian Lee - Goldman Sachs Group, Inc., Research Division
Philip Shen - ROTH Capital Partners, LLC, Research Division
Praneeth Satish - Wells Fargo Securities, LLC, Research Division
Christine Cho - Barclays Bank PLC, Research Division
Dylan Nassano - Wolfe Research, LLC
Julien Dumoulin-Smith - Jefferies LLC, Research Division
David Benjamin - Mizuho Securities USA LLC, Research Division
Vikram Bagri - Citigroup Inc., Research Division

Presentation

Operator

Good afternoon, everyone, and welcome to the Enphase Energy's Third Quarter 2025 Financial Results Conference Call. [Operator Instructions] Please also note today's event is being recorded. At this time, I'd like to turn the floor over to Zach Freedman. Sir, please go ahead.

Zachary Freedman
Head of Investor Relations

Good afternoon, and thank you for joining us on today's conference call to discuss Enphase Energy's third quarter 2025 results. On today's call are Badri Kothandaraman, our President and Chief Executive Officer; Mandy Yang, our Chief Financial Officer; and Raghu Belur, our Chief Products Officer. After the market closed today, Enphase issued a press release announcing the results of its third quarter ended September 30, 2025.

During this conference call, Enphase management will make forward-looking statements, including, but not limited to, statements related to our expected future financial performance, market trends, the capabilities of our technology and products and the benefits to homeowners and installers, our operations including manufacturing, customer service and supply and demand, anticipated growth in existing and new markets, including the TPO market, the timing of new product introductions and enhancements to existing products and regulatory tax, tariff and supply chain matters.

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2025-10-29 07:10 6mo ago
2025-10-29 02:52 6mo ago
Soaring Potential: Why Aggressive Investors Should Take A Closer Look At Joby Aviation stocknewsapi
JOBY
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.
2025-10-29 07:10 6mo ago
2025-10-29 03:00 6mo ago
Recover™ Secures Multi-Year Recycled Cotton Agreement with H&M stocknewsapi
HNNMY
MADRID--(BUSINESS WIRE)--Since early 2024, H&M and Recover™ have collaborated on product development, which now enables scaled commercial introduction of Recover™ mechanically recycled cotton into H&M's collections. Recover™ combines more than 75 years of textile recycling expertise with advanced processes that deliver traceability and consistent quality at an industrial scale, operating five recycling hubs located at the heart of textile production streams in Europe, Asia and the Ameri.
2025-10-29 07:10 6mo ago
2025-10-29 03:00 6mo ago
Hemogenyx Pharmaceuticals PLC Announces Clinical Trial Update and Grant of Share Awards stocknewsapi
HOPHF
DSMB Clearance to Proceed to the Next Dose Level of HG-CT-1 in Adult Patients, Opening Pediatric Recruitment, and Grant of Restricted Share Units to Hemogenyx Team LONDON, UK / ACCESS Newswire / October 29, 2025 / Hemogenyx Pharmaceuticals plc (LSE:HEMO) is pleased to announce that the independent Data Safety Monitoring Board ("DSMB") overseeing the Company's ongoing Phase I clinical trial of HG-CT-1, its proprietary Chimeric Antigen Receptor T-cell (CAR-T) therapy for the treatment of relapsed or refractory acute myeloid leukemia ("R/R AML") in adults, has reviewed safety data from the first three patients treated at the initial dose level and has recommended continuation of the trial with escalation to the next dose level. The DSMB's positive recommendation follows the successful completion of initial safety assessments for all three patients treated at the lowest dose, with no dose-limiting toxicities observed.
2025-10-29 07:10 6mo ago
2025-10-29 03:00 6mo ago
Guardian Metal Resources PLC Announces Final Results stocknewsapi
GMTLF
Audited Financial Results for the Year Ended 30 June 2025 LONDON, UK / ACCESS Newswire / October 29, 2025 / Guardian Metal Resources plc (LON:GMET)(OTCQB:GMTLF), a tungsten exploration and development company focused on Nevada, U.S. is pleased to announce its consolidated audited results for the year ended 30 June 2025, for the Company and its subsidiaries (together, the "Group"). The full financial report will be available online immediately on the Company's website, and should be read in conjunction with this announcement.
2025-10-29 07:10 6mo ago
2025-10-29 03:00 6mo ago
Ecora Resources PLC Announces Q3 2025 Trading Update stocknewsapi
ECRAF
LONDON, UK / ACCESS Newswire / October 29, 2025 / Ecora (LSE:ECOR)(TSX:ECOR)(OTCQX:ECRAF) issues the following trading update for the period 1 July to 30 September 2025. Marc Bishop Lafleche, Chief Executive Officer of Ecora, commented: "Q3 was a record quarter in many respects.
2025-10-29 07:10 6mo ago
2025-10-29 03:00 6mo ago
Caledonia Mining Corporation Plc: Notice of Q3 2025 Results and Investor Presentation stocknewsapi
CMCL
ST HELIER, Jersey, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE AMERICAN, AIM and VFEX: CMCL) ("Caledonia" or "the Company") expects to publish its operating and financial results for the third quarter ended September 30, 2025 on Monday, November 10, 2025.

A remote presentation for analysts and investors will be held on the same day, at 2:00pm London time, followed by an opportunity to ask questions.

A presentation of the results and outlook for Caledonia will be available on Caledonia's website (www.caledoniamining.com).

Conference Call Details

A presentation for investors and analysts will be held as follows:

When: November 10, 2025 at 2:00pm London time

Topic: Q3 2025 Results Call for Investors

Register in advance for this webinar:

https://brrmedia.news/CLDN_Q325

Cavendish Capital Markets Limited will now be acting as the Company's Nominated Adviser and Sole Broker in the UK.

Enquiries:

Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall 
Tel: +44 1534 679 800
Tel: +44 7817 841 793  Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
Pearl Kellie 
Tel: +44 207 397 1965
Tel: +44 131 220 9775  Camarco, Financial PR (UK)
Gordon Poole
Elfie Kent 
Tel: +44 20 3757 4980  Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131  IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa

Tel: +263 (242) 745 119/33/39
2025-10-29 07:10 6mo ago
2025-10-29 03:00 6mo ago
Mowi ASA (OSE:MOWI): Notice to Extraordinary General Meeting stocknewsapi
MHGVY
Mowi ASA will conduct an Extraordinary General Meeting on 20 November 2025. Please find attached the notice to the meeting, including proposal from the Nomination Committee.

Mowi's acquisition of Nova Sea AS has been completed, and the Extraordinary General Meeting is held to elect former chair and owner of Nova Sea AS, Aino Olaisen, as a new member of the Board of Directors of Mowi.

The Nomination Committee 's recommendation to the Extraordinary General Meeting is that Aino Olaisen is elected as a new member of Mowi’s Board of Directors and will replace Kristian Melhuus, and further that board member Leif Teksum is elected as the new Deputy Chairman of the Board. Reference is made to the proposal from the Nomination Committee for further information.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

0111 Mowi ASA - EGF Innkalling ENG WEB
2025-10-29 07:10 6mo ago
2025-10-29 03:01 6mo ago
EdgeTI Executes Significant Contract Award with >$1.5 Trillion AUM Financial Services Firm to Empower and Scale Their Wealth Management Network stocknewsapi
UNFYF
High-value recurring revenue: Initial subscription ARR exceeds US$300,000, strengthening near-term revenue visibility. Enterprise-level validation: With a +$1.5 Trillion assets under management (AUM), financial services organization demonstrates edgeCore™ scale and credibility in regulated, mission-critical environments.
2025-10-29 07:10 6mo ago
2025-10-29 03:02 6mo ago
Adidas Sales Climb to Quarterly Record Despite Tariff Uncertainty stocknewsapi
ADDYY
Revenue was 12% higher on year, the highest the group has ever achieved in a quarter, Chief Executive Bjoern Gulden said.
2025-10-29 07:10 6mo ago
2025-10-29 03:05 6mo ago
Resilience Announces Long-Term Financing of up to $825 Million to Accelerate CDMO Strategy stocknewsapi
TROW
New Capital from Oak Hill Advisors to Drive Investment in Go-Forward Manufacturing Operations

CINCINNATI--(BUSINESS WIRE)--National Resilience (“Resilience”), a technology-focused biomanufacturing company dedicated to broadening access to complex medicines, today announced long-term debt financing of up to $825 million from Oak Hill Advisors (“OHA”) to strengthen its balance sheet and fuel its growth plans. This new capital will enable Resilience to accelerate its CDMO business strategy and invest in its go-forward manufacturing operations anchored in Cincinnati and Toronto.

This financing underscores Resilience’s critical role as a CDMO manufacturing sterile drugs at scale and on shore. OHA brings more than three decades of investment experience and a proven track record of supporting growth in the life sciences sector. Resilience remains focused on high-growth segments in the biopharmaceutical market to advance cell-based medicines, primarily biologics, and aseptic drug product operations. The company is in the process of expanding its Cincinnati facility into one of the largest, most advanced sterile injectable and device assembly and packaging operations in North America.

William S. Marth, President and Chief Executive Officer of Resilience, said, “This financing is a pivotal step forward for our enterprise and positions us well to advance our ongoing transformation efforts backed by favorable industry tailwinds in the CDMO sector. This new capital will support the continued buildout of our core manufacturing operations and enable us to serve our customers with stability and excellence into the future, particularly at a time when pharmaceutical onshoring is a national priority. Partnering with OHA and our supportive long-time shareholders, we are confident that Resilience now has the right focus, footprint and financial profile to capitalize on the exciting strategic growth opportunities ahead.”

“We believe Resilience is uniquely positioned to scale its advanced manufacturing capabilities and meet the increasing demand for complex medicines,” said Joe Goldschmid, Managing Director at OHA. “Our investment reflects conviction in the company’s leadership team, strategic positioning and ability to generate long-term value in a sector undergoing rapid transformation. We look forward to supporting Resilience as it expands its footprint and strengthens its role in the global biomanufacturing ecosystem.”

The financing includes a $600 million first lien commitment from OHA. The initial tranche of $525 million is expected to be funded later in the fourth quarter, with the remainder of the financing in subsequent years as needed. Financing is subject to satisfaction of customary conditions.

In addition to obtaining the new term loan, Resilience has successfully resolved the lease obligations related to its underutilized sites, further optimizing its balance sheet.

Jefferies LLC is serving as financial advisor and Kirkland & Ellis LLP is serving as legal counsel to Resilience on the financing transaction.

About Resilience

Resilience is a North American contract development and manufacturing organization (CDMO) focused on delivering high-quality, scalable manufacturing solutions for advanced therapies. With capabilities spanning biologics drug substance, cell-based therapies, and aseptic drug product manufacturing for both small and large molecules, Resilience partners with leading biopharma companies to bring complex medicines to market faster and more reliably. The company is building a streamlined, high-performance network designed to meet the evolving needs of clinical and commercial-stage innovators. For more information, visit https://resilience.com/ and follow us on social media: Resilience on LinkedIn.

About Oak Hill Advisors

Oak Hill Advisors (OHA) is a leading global credit-focused alternative asset manager with over 30 years of investment experience. OHA works with institutions and individuals and seeks to deliver a consistent track record of attractive risk-adjusted returns. The firm has approximately $98 billion in assets under management (AUM) across credit strategies, including private credit, distressed and special situation investments, high yield bonds, leveraged loans and collateralized loan obligations as of June 30, 2025. Additional information on OHA’s AUM calculation methodology can be found on the OHA website. OHA’s emphasis on long-term partnerships with companies, sponsors and other partners allows for the provision of customized credit solutions across market cycles.

With over 420 experienced professionals across six global offices, OHA brings a collaborative approach to offering investors a single platform to meet their diverse credit needs. OHA is the private markets platform of T. Rowe Price Group, Inc. (NASDAQ – GS: TROW). For more information, please visit www.oakhilladvisors.com.
2025-10-29 06:10 6mo ago
2025-10-29 00:08 6mo ago
Cardano (ADA) Could Make Many Investors Wealthy — Here's Why cryptonews
ADA
Crypto analyst OxManuel has voiced strong confidence in Cardano's (ADA) long-term growth, claiming that the project could create substantial wealth for early investors. In his view, Cardano's fundamentals and current market positioning set it up for an explosive price cycle that could transform the financial future of its holders.
2025-10-29 06:10 6mo ago
2025-10-29 00:15 6mo ago
Bitcoin price prediction: Why BTC is falling ahead of Fed decision cryptonews
BTC
Bitcoin price remained under pressure on Wednesday morning as investors waited for key events like the Federal Reserve interest rate decision and talks between Donald Trump and Xi Jinping. BTC was trading at $112,538, down from this week's high of $116,200.
2025-10-29 06:10 6mo ago
2025-10-29 00:15 6mo ago
World Liberty Financial to airdrop 8.4M WLFI tokens to early USD1 users cryptonews
USD1 WLFI
World Liberty Financial has unveiled a new rewards initiative aimed at recognizing early participants in its USD1 stablecoin ecosystem.

Summary

WLFI to distribute 8.4M tokens to early USD1 users on partner CEXs.
Program generated $500M in stablecoin activity in two months.
Expansion ahead with DeFi integrations and real-world utility plans.

World Liberty Financial has announced a new rewards initiative for early adopters of its USD1 stablecoin.

According to an Oct. 29 post on X, the company will distribute 8.4 million World Liberty Financial (WLFI) tokens through its USD1 Points Program to users across select centralized exchanges.

Early adopters earn WLFI token rewards
Users who earned points by trading or holding USD1 on partner platforms, including Gate.io, KuCoin, LBank, HTX, Flipster, and MEXC, will now receive WLFI token rewards. The program has generated over $500 million in volume since its launch, highlighting USD1’s growing presence among the top 10 stablecoins. Each exchange will manage its own distribution timelines and eligibility criteria.

Two months ago, World Liberty launched the USD1 Points Program to Select Exchanges.

The Loyalty platform put power in the hands of early users, who helped drive $500m of growth in the last two months through activities such as purchasing and using USD1 on partner exchanges.…

— WLFI (@worldlibertyfi) October 29, 2025

The initiative continues WLFI’s strategy of incentivizing stablecoin adoption through loyalty-based mechanics. The project describes USD1 Points as a “user-first reward model” that aims to strengthen engagement and liquidity for USD1 pairs while promoting real-world utility for WLFI.

Expanding WLFI ecosystem and utility
The token distribution comes as WLFI broadens its ecosystem through new integrations and partnerships. Earlier in October, the company announced plans for a debit card linked to USD1 and compatible with Apple Pay, designed to facilitate seamless retail transactions. WLFI also entered a treasury partnership with Bitcoin miner Hut 8 and announced plans to tokenize assets such as real estate and commodities.

WLFI confirmed that the Points Program will continue with more exchanges, trading pairs, and decentralized finance integrations in the months ahead. Despite ongoing scrutiny of USD1’s reserve attestations, WLFI’s steady rollout of products and incentive models reflects its push to merge stablecoin adoption with real-world financial applications.
2025-10-29 06:10 6mo ago
2025-10-29 00:20 6mo ago
Western Union's Dollar-Backed Stablecoin Is Coming to Solana — Here's the Rollout Plan cryptonews
SOL
Western Union will launch a dollar-backed stablecoin on Solana in 2026, aiming to offer faster, lower-cost cross-border payments.
2025-10-29 06:10 6mo ago
2025-10-29 00:25 6mo ago
Bitwise's Solana ETF Draws $69.5M on Debut, Outpacing Rival Fund's Launch cryptonews
SOL
In brief
Bitwise's Solana ETF BSOL drew $69.5M in debut inflows on Tuesday..
The fund's low 0.20% fee and direct staking approach contrasts with Rex-Osprey’s Solana Staking ETF.
Strong ETF demand comes amid Solana's 3.1% price decline on the day to $194.
Bitwise Asset Management’s spot Solana ETF is off to a promising start.

On Tuesday, the fund attracted some $69.5 million in inflows on its debut, outpacing Rex-Osprey Solana Staking ETF SSK’s $12 million debut inflow, according to data from Farside.

Bitwise Solana Fund BSOL is positioning itself as a clear investor favorite as the market evaluates two distinct approaches to staking yield.

“Truly a watershed moment.” Kyle Samani, managing partner at investment firm Multicoin Capital, tweeted.  “All of this changes today,” Samani added, highlighting the fact that the “substantial majority of capital in the world was legally not allowed to trade or own Solana... until today.”

Key differences between BSOL and SSK The divergent inflows provide a glimpse at how investors are weighing the funds' differing structures and fee models. 

BSOL offers direct spot Solana exposure, with all assets staked in-house, aiming to pass along the network's full staking yield—approximately 7%—to investors, its Monday announcement reads.

The fully spot Solana ETF launched on the New York Stock Exchange with a highly competitive 0.20% management fee, waived for the first three months.

In contrast, the SSK fund provides diversified exposure.

About 54% of SSK’s portfolio is allocated to direct Solana holdings, 43.5% to the CoinShares Physical Staked Solana ETP listed in Switzerland, with the remainder in JitoSOL, short-term government obligations, and cash or other assets, according to its official website.

Its staking rewards are distributed monthly and are currently classified as a return of capital for tax purposes. SSK carries a total expense ratio of 0.75% and trades on the Chicago Board Options Exchange.

Grayscale’s GSOL spot ETF, meanwhile, has also received approval and will begin trading on Wednesday, Bloomberg ETF analyst James Seyffart noted.

“I have a feeling the Bitwise Solana Staking ETF, BSOL, is gonna be huge,” Matt Hougan, CIO of crypto index fund manager Bitwise Invest, tweeted Tuesday. “Institutional investors love ETFs, and they love revenue. Solana has the most revenue of any blockchain. Therefore, institutional investors love Solana ETFs.”

Still, users of predictions market Myriad, owned by Decrypt's parent company Dastan, see only a 32.7% chance of Solana hitting a new all-time high this year.

Solana is down 3.1% over 24 hours and trading at $194 amid Bitcoin’s 3.2% drop from Tuesday’s high of $116,000, CoinGecko shows.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
2025-10-29 06:10 6mo ago
2025-10-29 00:30 6mo ago
Crypto and Carcasses: Undercover Sting Recovers $700K in Bitcoin Miners, Foils $75K Frozen Turkey Heist cryptonews
BTC
An operation led by the Grant County Sheriff's Office successfully recovered 1,000 stolen bitcoin mining rigs worth $700,000 and thwarted an attempted $75,000 frozen turkey heist.
2025-10-29 06:10 6mo ago
2025-10-29 00:30 6mo ago
Maple Finance ends SYRUP staking and adopts buyback model cryptonews
SYRUP
Maple Finance is taking a major step toward sustainability as its community backs a proposal to end SYRUP staking and shift to a revenue-driven buyback model.

Summary

Maple Finance ends SYRUP staking after 91% community approval.
25% of revenue redirected to token buybacks via Syrup Strategic Fund.
Governance expands to include all SYRUP and stSYRUP holders.

Maple Finance is preparing to end staking rewards for its SYRUP token under a new plan aimed at creating long-term stability and linking the token’s value directly to the project’s revenue.

According to Snapshot, the MIP-019 proposal unveiled on Oct. 28 already shows over 91% support from the Maple (SYRUP) community. The vote will close on Oct. 31.

From SYRUP staking rewards to token buybacks
The approval of MIP-019 will end all stSYRUP staking rewards in November, marking the protocol’s transition away from streaming revenue to token holders. Instead, 25% of all protocol revenue will now fund the newly formed Syrup Strategic Fund, a treasury designed to buy back tokens, boost liquidity, and build a stable DAO balance sheet.

Maple, which has grown its assets under management by over 10x in the past year to roughly $4 billion, argues that staking has served its purpose in bootstrapping the ecosystem. As the platform matures and generates consistent fee income, now averaging over $1 million per month, the focus is shifting toward “all-weather” resilience and aligning token value with tangible business results.

By replacing emissions with buybacks, ending staking rewards also reduces inflationary pressure on SYRUP’s supply, creating a deflationary effect. Analysts say the change reflects Maple’s evolution into an institutional-grade credit marketplace, where token performance mirrors protocol fundamentals rather than yield-driven incentives.

Governance and product expansion
The proposal also allows both SYRUP and stSYRUP holders to vote on future decisions. This makes community participation easier and keeps governance linked to token ownership.

With SyrupUSDC scheduled to list on Aave (AAVE) and plans to introduce a Bitcoin liquid staking token (lstBTC) in 2026, Maple has been expanding its product line. Maple’s SyrupUSDC and SyrupUSDT vaults remained stable during October’s market turbulence, showing the reliability of the protocol’s lending model.

The passage of MIP-019, which would terminate staking rewards, implement buybacks, and link the value of SYRUP to actual revenue, would be a significant step for Maple Finance.
2025-10-29 06:10 6mo ago
2025-10-29 00:38 6mo ago
Bitcoin Dip Looks Standard Pre-FOMC and $120K Would Open Path to $143K, Analysts Say cryptonews
BTC
Bitcoin Dip Looks Standard Pre-FOMC and $120K Would Open Path to $143K, Analysts SayAfter a quick jump toward $116,094 faded, buyers showed up near $112,500 while analysts watched $120,000 as the level that could clear the way toward $143,000.Updated Oct 29, 2025, 4:55 a.m. Published Oct 29, 2025, 4:38 a.m.

Bitcoin hovered near $113,000 as traders waited for the Federal Open Market Committee (FOMC) — the Federal Reserve’s rate-setting group — to conclude its meeting today, with Chair Jerome Powell’s press conference at 2:30 p.m. ET.

Analyst comments Ali Martinez says bitcoin needs to climb over $120,000 to open a path toward $143,000. In simple terms, he’s arguing that once price clears $120K, there’s less historical “traffic” above, so an advance to the next landmark around $143K becomes more likely on his framework.

He bases this on a chart using long-term pricing bands—smooth curves built from on-chain averages that act like lanes on a motorway. In the image you shared, price sits below a key band around $120K; above that, the next band is near $143K, which he treats as the next major waypoint. The point is not that price must go there, but that once $120K is reclaimed, the model shows more open air until the upper band around $143K.

Michaël van de Poppe says the recent drop looks like a routine dip, not a broken trend, and he wants $112K to keep holding as support before expecting another push higher. Put differently, he sees the move down as a standard “check the floor” moment, not the start of a bigger slide.

He bases this on a medium-timeframe price chart with two clear zones: a floor near $112K and a ceiling around $115.6K–$116.2K. His chart sketches a path that bounces from the floor back toward the ceiling, which visually communicates his idea that the market can stabilize here and try higher again if $112K continues to hold.

Glassnode says many recent buyers are concentrated near $111,000, while heavier selling interest sits around $117,000. In everyday language, $111K is where bargain hunters often step in, and $117K is where profit-taking often shows up, creating a tug-of-war that defines the current range.

They base this on a cost-basis distribution view, which groups coins by the price where they last moved. Peaks in that distribution around $111K signal lots of buyers there (a supportive area), and peaks near $117K signal lots of potential sellers (an area that can slow rallies). The takeaway is that a clean move outside $111K–$117K could set the tone for the next larger leg.

Technical analysis highlights The following is based on CoinDesk Research's technical analysis data model.

Oct. 28, 14:00 UTC: Trading jumped to 22,844 BTC (174% of the 24-hour average 8,268), lifting price to the day’s high near $116,094 before sellers capped the move between $115,600–$116,200.Oct. 28, 20:00 UTC: A second burst of activity pressed price toward $112,500, where buyers responded and the slide slowed.Oct. 29, 02:00 UTC window: Over the 24 hours ending then, bitcoin slipped about 1.2%, from $113,973 to $112,568, a swing of roughly $3,930.03:45 UTC, Oct. 29 (time of writing): Price was near $112,637, with smaller candles that often signal a pause.Levels to watch: Support at $112,500, then $111,000; resistance at $115,600–$116,200. A push through $116K opens $119K–$120K; a loss of $112.5K puts $111K back in play.Analysis of latest 24-hour and one-month charts from CoinDesk Data24-hour view: The day looked like a bounce between a ceiling and a floor. Price sprinted to $116K, dropped back, then found support near $112.5K. After that, the candles got smaller, which usually means the rush to buy or sell cooled and traders are waiting for a fresh push.

BTC-USD 24-Hour Price Chart (CoinDesk Data)

One-month view: Most recent trading sits inside a $111K–$117K corridor. That explains why quick rallies often stall near $117K and quick dips often find buyers near $111K. Until price leaves this corridor, expect more back-and-forth. A firm move above $116K and then $120K would argue the balance is shifting upward; a clean drop below $112.5K would test $111K and the strength of the floor.

BTC-USD One-Month Price Chart (CoinDesk Data)

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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Recent Bitcoin Crash Has Put $1B in sUSDe Loop Trades at Risk, Research Firm Says

looped positions that rely on borrowing stables to buy sUSDe are at risk, Sentora Research said.

What to know:

The Oct. 10 market crash has put nearly $1 billion in DeFi positions involving Ethena's staked USDe at risk.Yields on leveraged strategies like the sUSDe loop trade have turned negative, reducing their appeal.Traders should monitor the spread between Aave's borrow APY and sUSDe yield, as well as the number of looped positions nearing liquidation.Read full story
2025-10-29 06:10 6mo ago
2025-10-29 00:40 6mo ago
Bitcoin treasury company Sequans moves 970 BTC to Coinbase Prime cryptonews
BTC
The firm kicked off its Bitcoin accumulation initiative in July.

Key Takeaways

French semiconductor firm Sequans Communications deposited 970 BTC worth $111 million on Coinbase Prime on Tuesday.
The company announced in August its plans to stack up to 100,000 BTC by 2030.

French Bitcoin treasury company Sequans Communications moved 970 Bitcoin (BTC) worth about $111 million to Coinbase Prime on Oct. 28, according to data from Arkham Intelligence.

As of Oct. 6, Sequans held 3,234 BTC. Following the latest transfer, the Sequans-labeled wallet now holds 2,264 BTC, valued at approximately $255 million.

The Paris-based semiconductor firm, backed by the French government, launched its Bitcoin accumulation strategy in early July, shortly after raising $384 million through a mix of debt and equity private placements to fund the initiative.

In August, Sequans announced plans to acquire up to 100,000 BTC by 2030, with 2025 designated as a key year for expanding its holdings through public capital raises.

Sequans (SQNS) shares rose 4.5% at Tuesday’s close, according to Yahoo Finance. The stock has plunged over 85% from its July peak at around $54.

Disclaimer
2025-10-29 06:10 6mo ago
2025-10-29 00:44 6mo ago
Bitwise Solana Staking ETF (BSOL) Makes Record Debut with $69.5M Inflows, $289M NAV cryptonews
SOL
Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Bitwise Solana Staking ETF (BSOL) makes an impressive debut with massive inflows and trading volumes, the biggest crypto ETF launch since Ethereum. However, SOL price slipped below $195 despite whales opening long positions on the ETF launch.

Bitwise Solana Staking ETF (BSOL) Records $69.5 Million Inflows
Bitwise’s spot Solana ETF officially began trading on NYSE Arca with $222.9 million in seed capital, recording $56 million in trading volume on its first day. Meanwhile, trading volumes for Canary’s HBAR ETF and Litecoin ETF were $8 million and $1 million, respectively.

Bloomberg senior ETF analyst Eric Balchunas quoted $222.9 million in assets as “impressive.” He added, “Surprised they didn’t hold off tho and have it come in on Day One to get volume and flows higher. Good news is now we’ll have only organic, easier to measure true demand.”

Bitwise Solana Staking ETF (BSOL) saw $69.5 million in inflows on day one, according to Farside Investors data on October 29. This is nearly 480% higher than the $12 million recorded by REX Osprey SOL Staking ETF (SSK).

Bitwise Solana Staking ETF (BSOL) Inflows. Source: Farside Investors
Moreover, the net asset value (NAV) has reached nearly $289 million, according to SoSoValue data. The accounts for 0.01% of SOL market cap.

BSOL marks the first Solana staking ETF approved for trading in the United States. It provides investors with exposure to Solana (SOL), offering more than 7% annual rewards by staking 100% of SOL.

SOL Price Falls Despite Whale Accumulations
Whales accumulated heavily in response to the Bitwise Solana Staking ETF (BSOL) launch. A whale with a 100% win-rate opened a long position on SOL with 10x leverage, reported Onchain Lens. Recently, the whale closed its 13x long position on BTC to make $1.4 million in profit.

Whale Opens 10x Long Position on SOL. Source: Onchain Lens
However, SOL price fell more than 3% in the past 24 hours, with the price currently trading at $$194. The 24-hour low and high are $191.39 and $203.83, respectively. Trading volume saw a major rebound with a 25% jump in the last 24 hours, indicating interest among traders.

The derivatives market showed buying in the last few hours, as per CoinGlass data. The 4-hour SOL futures OI was up nearly 0.22%. Notably, the total Solana futures open interest climbed 3% to $10.22 billion in 24 hours, with a 0.03% drop on CME and a 2.50% jump on Binance in the last 24 hours.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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2025-10-29 06:10 6mo ago
2025-10-29 01:00 6mo ago
Will BNB's price hold on to its $1,000-support after falling by almost 4%? cryptonews
BNB
Key Takeaways
Why did BNB face bearish pressure over the last few hours?
Despite BNB’s price bounce to $1,182 on Monday, Bitcoin’s rejection at $116k shifted market-wide sentiment bearishly.

What are the next key levels for BNB traders?
The $1,026 support and the $1,182 local high would be the key support and resistance levels to watch out for.

At the time of writing, the crypto market was in the middle of another price dip as Bitcoin [BTC] faced rejection at the $116k resistance. Spurred by short-term BTC holders taking profit at a key short-term resistance level, the altcoin market dropped by 2.5% in the last ten hours.

Binance Coin [BNB] was not immune to this price drop and lost 3.84% of its value on the charts. Despite the selling pressure though, the price remained above $1,000. How much longer will that be the case?

BNB safe above support… For now!

Source: BNB/USDT on TradingView

The 1-day timeframe price chart revealed that while BNB had a bullish swing structure, it also had a bearish short-term bias over the past ten days. This was due to the bulls’ inability to defend the swing low at $1,100 on 17 October.

As it stands, the Fibonacci retracement levels are being respected, with the 78.6% level at $1,026 emerging as an important support level. A price drop below this level would be an early warning sign of weakness from the bulls.

The BNB long/short ratio chart used the taker buy/sell ratio to determine the number of takers on either side. More aggressive taker bids would mean bullish conditions, but the ratio was 0.87 on Tuesday.

This meant that the taker sell volume was slightly higher. This might help explain the price’s struggles to overcome the $1,140 resistance zone. Only in recent hours did the taker volumes find equilibrium, which might shift depending on BTC’s next move.

Overall, BNB seemed to be in a tough spot. The buyers appeared to be too weak to drive a rally, but still had enough fight in them to defend the psychological $1k support level. A move below $922 would be confirmation of a long-term bearish trend. On the contrary, a rally past $1,150-$1,190 would be the first step towards establishing an uptrend.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories.
His distinct analytical method is grounded in his academic training as a Chemical Engineer. This background provides him with a systematic, process-oriented approach to market data, enabling him to analyze the complex dynamics of financial markets with precision and objectivity.
Having actively covered the cryptocurrency space since the landmark 2017 market cycle, Akashnath possesses years of experience navigating both bull and bear markets. This seasoned perspective is critical to his insightful reporting on market volatility and evolution.
As an active market participant, Akashnath enhances his analysis with crucial, hands-on experience. This practical application of his technical skills ensures his insights are not merely theoretical, but are also relevant and actionable for an audience looking to understand and navigate trading opportunities. He is dedicated to educating readers on the nuances of technical analysis, empowering them with the knowledge to make more informed financial decisions.
2025-10-29 06:10 6mo ago
2025-10-29 01:00 6mo ago
Bitcoin Holds Near $114K Despite Uncertainty, Analysts Say Rally Could Cement $100K Support Zone cryptonews
BTC
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The price of Bitcoin (BTC) continues to hover around the $114,000 mark as investor sentiment swings between optimism and caution.

Related Reading: Analyst Shares Why He Bought A Massive Stack Of XRP, ‘It’s Not A Gamble’

According to Standard Chartered’s head of digital asset research Geoffrey Kendrick, the recent developments may mark a transformative phase for Bitcoin, one where its six-figure price zone becomes a lasting support level rather than a fleeting milestone.

Macro Tailwinds Drive Market Mood
Kendrick points to a rebound in global risk appetite after recent signs of détente between the United States and China.

Discussions around delayed rare-earth export restrictions and increased U.S. agricultural purchases by China have eased trade tensions ahead of the high-level summit between President Donald Trump and President Xi Jinping.

Kendrick notes that this shift in geopolitics has helped restore confidence in risk assets, including Bitcoin, and may be influencing the recent uptick in the Bitcoin-to-gold ratio, a key sentiment indicator for crypto markets.

In parallel, expectations of a potential interest-rate cut by the Fed and the possibility of the bank pausing its quantitative-tightening programme have also lifted hopes of increased liquidity, further favouring risk-on trades. Analysts suggest that if the Fed pivots, it could serve as a boost for Bitcoin’s structural up-trend.

Spot Bitcoin ETF Flows Could Cement the New Floor
Beyond macro trends, Standard Chartered emphasises the growing role of institutional flows into spot Bitcoin ETFs. The believe that over $2 billion recently exited gold-backed ETFs, and argues that even half of those funds shifting into BTC products would represent a major structural change in capital allocation.

This matters because it signals a shift away from the traditional narrative that Bitcoin’s price moves are primarily driven by its miner-reward “halving” events.

Instead, large-scale adoption and institutional investment now appear to be the dominant drivers of the market. If this momentum persists, Kendrick asserts that Bitcoin may be entering a new phase where dropping below $100,000 becomes unlikely.

BTC's price trends to the upside on the daily chart. Source: BTCUSD on Tradingview
Bottom Line
At present, Bitcoin remains within a consolidation range near $112,000–114,000, with technicals pointing to a tightening in volatility and potential for a breakout once macro catalysts settle.

Related Reading: Citigroup Teams Up With Coinbase To Develop New Stablecoin Solutions

If Bitcoin can hold above this cluster and institutional flows continue unabated, the $100,000 level may no longer be just a psychological barrier, it could become the de facto floor. Traders and investors will be watching closely in the days ahead for confirmation of these trends.

Cover image from ChatGPT, BTCUSD chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
2025-10-29 06:10 6mo ago
2025-10-29 01:00 6mo ago
Dogecoin Ignites — 60% Volume Boom Teases Potential Rally cryptonews
DOGE
Dogecoin saw a sharp jump in trading activity on Tuesday, but prices did not follow immediately. Volume over the last 24 hours rose by 60%, pushing total traded value above $2 billion, according to CoinMarketCap.

Yet the token traded near $0.21 at the time of the report, down about 0.18% in the day and down 12% so far this month.

Trading Volume Surges
According to CoinMarketCap data, the sudden spike in volume shows many more hands moving DOGE than usual. Reports have disclosed that this wave of trades coincides with renewed interest among retail buyers and larger holders.

Data shows that October has historically been a strong month for Dogecoin, with modest gains of 30% to a more impressive 101% from 2021 up to 2024. Those past returns help explain why some traders expect a positive close this month.

Whales Move, Exchanges See Flow
Reports have disclosed several large transfers tied to the surge. One report described a dormant whale with a 36 DOGE seed reactivating and making a transfer valued at $26.8 million to Binance.

Another dormant wallet reportedly moved 15.115 million DOGE, valued at about $2.95 million, out of the same exchange. These movements drew attention because big transfers can change where liquidity sits and how quickly prices move when buying or selling picks up.

Another dormant wallet reportedly moved 15 million DOGE, valued at about nearly $3 million, out of Binance. These movements drew attention because big transfers can change where liquidity sits and how quickly prices move when buying or selling picks up.

DOGEUSD now trading at $0.20. Chart: TradingView
Macro Drivers And Market Sentiment
The volume surge came as major cryptocurrencies showed strength. Reports have disclosed Bitcoin moving higher toward $115,000 while Ethereum traded near $4,200.

That broader rally can lift smaller tokens as traders rotate capital across markets. Still, metrics are mixed: one recent forecast predicted DOGE could rise by 13% to $0.22 by November 27, 2025, while technical indicators flagged the current sentiment as Bearish and the Fear & Greed Index sat at 50.

DOGE price seen climbing in the next 30 days. Source: CoinCodex
Outlook And Risks Ahead
The picture is straightforward and messy at the same time. Higher volume suggests interest; price action says caution. Whale transfers can both fuel rallies and add selling pressure, depending on intent.

Traders watching the symmetrical triangle will likely wait for a clear break up or down before making bigger bets. Those looking at seasonal trends may find hope in October’s past strength, but historical gains do not guarantee future returns.

Featured image from Unsplash, chart from TradingView
2025-10-29 06:10 6mo ago
2025-10-29 01:04 6mo ago
MetaMask Goes Multichain: One Account to Rule Ethereum, Solana, and Soon Bitcoin cryptonews
BTC ETH SOL
MetaMask, one of the most widely used crypto wallets globally, has taken a major step toward becoming the ultimate multichain wallet. In a move that could redefine how users interact with different blockchain ecosystems, MetaMask has rolled out multichain accounts — enabling a single account to manage both EVM and non-EVM addresses, including Solana and soon, Bitcoin.
2025-10-29 06:10 6mo ago
2025-10-29 01:05 6mo ago
[LIVE] Crypto News Today: Latest Updates for Oct. 29, 2025 – Crypto Market Turns Red; OG Whale Loads Up on Ethereum Shorts cryptonews
ETH
Follow up to the hour updates on what is happening in crypto today, October 29. Market movements, crypto news, and more!
2025-10-29 06:10 6mo ago
2025-10-29 01:08 6mo ago
Solana (SOL) Weakens Again — Break Below $200 Opens Door For Further Decline cryptonews
SOL
Solana failed to stay above $200 and corrected gains. SOL price is now trading below $200 and might decline further if it dips below $192.

SOL price started a downside correction below $200 against the US Dollar.
The price is now trading below $198 and the 100-hourly simple moving average.
There was a break below a bullish trend line with support at $198 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could extend losses if it dips below the $192 zone.

Solana Price Corrects Some Gains
Solana price started a decent increase after it settled above the $192 zone, beating Bitcoin and Ethereum. SOL climbed above the $198 level to enter a short-term positive zone.

The price even smashed the $200 resistance. A high was formed near $205 and the price recently corrected some gains. There was a move below the 23.6% Fib retracement level of the upward wave from the $177 swing low to the $205 high.

Besides, there was a break below a bullish trend line with support at $198 on the hourly chart of the SOL/USD pair. Solana is now trading below $198 and the 100-hourly simple moving average.

Source: SOLUSD on TradingView.com
On the upside, the price is facing resistance near the $198 level. The next major resistance is near the $200 level. The main resistance could be $205. A successful close above the $205 resistance zone could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $220 level.

More Losses In SOL?
If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $192 zone and the 50% Fib retracement level of the upward wave from the $177 swing low to the $205 high. The first major support is near the $188 level.

A break below the $188 level might send the price toward the $180 support zone. If there is a close below the $180 support, the price could decline toward the $166 support in the near term.

Technical Indicators

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

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

Major Support Levels – $192 and $188.

Major Resistance Levels – $200 and $205.
2025-10-29 06:10 6mo ago
2025-10-29 01:21 6mo ago
Crypto ETF Report: Ethereum ETFs Top Bitcoin with $246 Million Inflows cryptonews
BTC ETH
On October 28, both crypto ETFs, Bitcoin and Ethereum, recorded gains. Bitcoin ETFs saw a combined inflow of $202.48 million, with Arl & 21Shares ARKB leading the session. Meanwhile, Ethereum $246.02 million, surpassing Bitcoin. 

Bitcoin ETF Breakdown According to data from SoSoValue, Bitcoin ETFs recorded $202.48 million in inflows, with only three ETFs posting gains. Ark & 21Shares ARKB and Fidelity FBTC reported $75.84 million and $67.05 million, respectively. 

BlackRock IBIT posted the smallest gains for the day with $59.60 million in inflows. Neither of the funds posted any outflows on Tuesday. The total trading value reached $4.18 billion with net assets of $154.81 billion. This represents 6.88% of the Bitcoin market cap. 

Ethereum ETF Breakdown Ethereum saw a total net inflow of $246.02 million, with Fidelity FETH leading at $99.27 million. Two other funds reported ETF gains, BlackRock ETHA of $76.37 million and Grayscale ETH of $73.03 million. 

Grayscale ETHE was the only fund to post ETF withdrawals for the day, with $2.66 million in outflows. The total trading volume reached $1.64 billion with net assets at $27.66 billion. This marks 5.76% of the Ethereum market cap. 

Market Context Bitcoin is trading at $112,701, down 1.06% from yesterday, but its daily trading volume has jumped nearly 12% to $64.8 billion. The market cap stands at $2.24 trillion as of Wednesday.

Ethereum is priced at $4,010, slipping 2.15% in the past 24 hours. Its trading volume is $37.8 billion, with a market cap of about $484.8 billion.

Despite the slight dip, both Bitcoin and Ethereum continue to recover from October’s crypto crash.

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

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2025-10-29 06:10 6mo ago
2025-10-29 01:22 6mo ago
Pi Coin Gains Another 15% As Pi Network Joins ISO 20022 For Seamless Banking Integration cryptonews
PI
Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Pi Network’s native cryptocurrency, Pi Coin, is getting major attention with a continued rally upwards, extending its weekly gains to more than 30%. This bullish action comes following the latest reports that the network has joined the ISO 20022 group, along with Ripple and Stellar. As a result, the bulls are once again attempting a breakout past $0.28, which will set the stage for a greater rally ahead.

Pi Coin Extends Weekly Gains to Over 30%
From the lows of $0.19 last week, the Pi Network token has staged significant gains and is currently trading up more than 30% on the weekly chart. With 15% upside in the last 24 hours, bulls are making yet another attempt to move past the $0.28 levels, where it faced earlier resistance.

Technical charts show that the Pi coin price has broken out of the consolidation zone, and has renewed bullish momentum after rebounding once again from the $0.23 support level. Thus, the breakout from this resistance signals a potential shift in market structure toward the upside.

Source: TradingView
Crypto analyst Devid James noted that the recent breakout suggests growing strength in the price floor, reinforcing bullish sentiment among traders. However, the $0.3626 level remains a critical resistance to watch. A rejection at this point could trigger a short-term pullback, potentially revisiting the $0.23 support area.

Pi Network Joins ISO 20022 Group
Pi Network has reportedly joined the ISO 20022 group, aligning itself with leading compliant digital assets such as XRP and Stellar (XLM). The move marks a major step toward integrating Pi with global banking and payment standards. The development surrounding this has activated the bulls and pushed Pi coin price even higher, supported by Pi tokens exiting the exchanges.

By adopting ISO 20022, Pi Network enhances its compatibility with traditional financial systems. Besides, it will potentially enable smoother cross-border transactions, improved interoperability, and greater institutional trust.

Global banks have increasingly transitioned to ISO 20022 to modernize their financial messaging frameworks. Thus, with digital assets aligning with the standard, they are expected to gain a competitive edge in regulatory adoption and institutional use cases.

Furthermore, in Q4 2025, the Protocol 23 upgrade will be coming to the Pi Network mainnet while addressing the issues of scalability and transaction efficiency.

Additionally, more than 3.36 million additional Pioneers have successfully completed full KYC verification following the rollout of a new system process. The update enabled further review of 4.76 million Tentative KYC cases, allowing those users to qualify for full KYC completion.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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2025-10-29 06:10 6mo ago
2025-10-29 01:22 6mo ago
Solana Shades XRP: 'There Is No Bridge Currency' cryptonews
SOL XRP
The official X account of the Solana blockchain has taken a not-so-veiled dig at the Ripple-linked XRP cryptocurrency. 

In a rival social media post, it stated that there is "no bridge currency," riling up XRP proponents.  

As reported by U.Today, Western Union intends to launch a stablecoin on the Solana blockchain next year. 

The new product will make it possible for the remittance giant, which has a presence all over the globe, to boost the efficiency of transfers. 

HOT Stories

Failed Ripple collaboration Western Union CEO Devin McGranahan stated that the remittance giant had tried various alternatives, but it ultimately decided to settle with Solana. 

"We looked at alternatives, and came to the conclusion that Solana was the right choice," McGranahan previously stated. 

Western Union and Ripple initially launched a pilot project all the way back in 2015. The latter confirmed that it was working on infrastructure for real-time settlements. There were no further details about the pilot.

In February, Western Union confirmed that it started testing Ripple's tech for money transfers. 

The remittance giant was reportedly experimenting with the xRapid solution that used XRP as a bridge currency. 

However, the experiment went nowhere, and there were no public announcements of a partnership between Western Union and Ripple. In fact, former CEO Hikmet Ersek complained that the technology was too expensive. 
2025-10-29 06:10 6mo ago
2025-10-29 01:24 6mo ago
XRP Trades Higher on Big Flows, Yet Technical Setup Signals Caution cryptonews
XRP
Traders should watch for XRP to maintain support around $2.60-$2.63, as a sustained rise above $2.65 could shift the bias bullish.Updated Oct 29, 2025, 5:24 a.m. Published Oct 29, 2025, 5:24 a.m.

(CoinDesk Data)

What to know: XRP rose 0.60% to $2.623 as trading volume increased by 47% above its seven-day average, signaling heightened institutional interest.Despite bullish patterns, XRP faces resistance near $2.68, with momentum indicators suggesting possible short-term consolidation.Traders should watch for XRP to maintain support around $2.60-$2.63, as a sustained rise above $2.65 could shift the bias bullish.XRP advanced modestly as trading activity spiked, though momentum indicators warn of near-term consolidation risk.

News BackgroundXRP climbed 0.60% to $2.623 while trading volume surged about 47% above its seven-day average, indicating increased institutional interest amid a lack of strong breakout catalysts. The token still faces resistance from a rejection near $2.68 and multiple analysts caution that while bullish chart patterns exist, the recent momentum may be capped.Price Action SummaryOver the session, XRP traded in an $0.11 range, oscillating between ~$2.64 and ~$2.62. A peak volume of ~167.3 million tokens (≈140% above the 24-hour average) was recorded during the failed breakout near $2.68 resistance. The $2.60 psychological support level held firm through several tests. This price action reflects controlled accumulation rather than a full breakout run.Technical AnalysisThe breakout attempt above $2.68 was rejected, confirming that resistance remains stiff. The support zone at ~$2.60 has demonstrated resilience, yet momentum indicators—such as the TD Sequential—have triggered caution signals. Chart structure shows consolidation between $2.60 and $2.67, which may form the base of a future move but also warns of possible short-term pause. Volume surge validates interest but the lack of a clean breakout suggests the move is still in setup mode.What Traders Should KnowTraders should monitor whether XRP can hold the support band around $2.60-$2.63. A sustained close above $2.65 coupled with renewed volume would tilt the bias bullish and open targets near $2.70-$2.90. Conversely, a break below ~$2.60 would expose a retest of ~$2.55 or lower.The upcoming ETF decision window and institutional inflows remain key catalysts to watch.More For You

OwlTing: Stablecoin Infrastructure for the Future

Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.

View Full Report

More For You

XRP and SOL Futures Open Interest on CME Hits Record High

Record XRP and Solana futures activity pushed open interest on the derivatives giant’s platform to roughly $3 billion, signaling renewed retail and institutional appetite for altcoin exposure.

What to know:

CME-listed futures for XRP and Solana reached record open interest, indicating strong demand for regulated crypto products.The notional open interest for these futures contracts totaled $3 billion, highlighting their growing popularity among investors.Solana futures launched in March and surpassed $1 billion in open interest by August, while XRP futures achieved this milestone within three months of their debut.Read full story
2025-10-29 06:10 6mo ago
2025-10-29 01:29 6mo ago
Asia Market Open: Crypto Rally Stalls as Bitcoin Sinks Below $113K Ahead of Fed Rate Call cryptonews
BTC
Bitcoin slipped below $113k in Asia as traders turned cautious ahead of the Federal Reserve's expected rate cut and a packed week of mega-cap tech earnings.
2025-10-29 06:10 6mo ago
2025-10-29 01:30 6mo ago
Bitcoin Spam Has Been Around Since 2011, Bitmex Says cryptonews
BTC
The company's X post on the history of Bitcoin junk data came before a recent software upgrade that many say has opened the floodgates to spam.
2025-10-29 06:10 6mo ago
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Prenetics Raises $48 Million to Expand Bitcoin Treasury and IM8 Brand cryptonews
BTC
Nasdaq-listed health sciences firm Prenetics Global has made headlines once again, this time by raising $48 million in an oversubscribed equity round aimed at accelerating its Bitcoin treasury strategy and expanding its fast-growing supplement brand IM8, co-founded with football legend David Beckham.
2025-10-29 06:10 6mo ago
2025-10-29 01:42 6mo ago
Why the Official Trump Coin Is Up Today Amid Crypto Market Drop cryptonews
$TRUMP
Official Trump Coin (TRUMP) is back in the spotlight, jumping nearly 10% in a single day to trade around $7.53, defying the overall crypto market drop. The sudden surge shows how politically themed tokens can attract attention when big investors and technical signals align at the right time.

Here’s what happened and why it’s surging today!

Whale Buying & Shrinking Exchange BalancesOne major reason behind the price spike is a wave of whale accumulation. Large investors have been quietly buying TRUMP over the past few weeks, increasing their holdings from 3.97 million to 4.88 million tokens. This steady accumulation often signals growing confidence that the token could climb higher in the near term.

At the same time, coins sitting on exchanges have dropped. Fewer coins on exchanges often imply a less ready supply and hint at stronger buyer conviction

Boost from Trump Media and ETF HopesInvestor excitement grew even stronger after a New York Stock Exchange division filed to list a spot Bitcoin ETF tied to Donald Trump’s Truth Social platform. This connection between Trump Media and crypto markets boosted optimism around all Trump-linked digital assets.

Adding to the momentum, World Liberty Financial announced its USD1 stablecoin will integrate with the Enso blockchain, strengthening the ecosystem linked to TRUMP.

Trump Token Price OutlookFrom a technical perspective, TRUMP has broken key resistance levels, flipping short-term charts bullish. The price now hovers near the upper boundary of its falling wedge pattern, a structure that often signals a trend reversal.

If the token holds above its current support and breaks out decisively, analysts believe TRUMP could rally toward $13 to $19 in the coming months, turning today’s rebound into the start of a larger bullish phase.

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

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2025-10-29 06:10 6mo ago
2025-10-29 01:53 6mo ago
Crypto prices today (Oct. 29): BTC, ETH, BNB, XRP hold steady as market awaits Fed decision cryptonews
BNB BTC ETH XRP
Crypto prices today are drifting lower ahead of the U.S. Federal Reserve’s policy update. 

Summary

Crypto market cap slips 1.5% to $3.88T as BTC trades near $113,000.
Traders anticipate a 0.25% rate cut, with volatility expected post-meeting.
Spot BTC and ETH ETFs post strong inflows, showing steady institutional demand.

The total market capitalization has slipped 1.5% to $3.88 trillion, with most major tokens posting slight losses. At press time, Bitcoin trades at $112,831, down 1% in the past 24 hours, while Ethereum changes hands at $4,016, a 2% drop. BNB is down 2.9% to $1,102, and XRP trades at $2.62, easing 0.4%.

Market data indicates a slight decline in risk tolerance. At 51, the Crypto Fear & Greed Index has hardly changed from the previous day, indicating a wait-and-see mood rather than panic. According to CoinGlass data, open interest across major exchanges has dipped 1.34% to $163 billion, while total liquidations rose to $521 million, mostly from overextended long positions.

Fed rate decision in focus
All eyes now turn to Washington, where the Federal Open Market Committee is expected to announce its decision later today. Futures imply a 97% chance of a 0.25% rate cut, as per CME FedWatch. Softer inflation data from Oct. 24 has strengthened expectations that the Fed will continue easing into 2025.

Still, investors remain cautious after hawkish notes from the previous meeting, prompting profit-taking and a quiet trading tone. “FOMC Day jitters” is how one trader described it on X. Bitcoin’s tight range near $113,000 reflects that hesitation, with volatility likely to spike once the Fed statement hits at 2:00 PM ET, followed by Chair Jerome Powell’s press conference half an hour later.

ETF inflows boost sentiment
Meanwhile, institutional inflows continue to offer a counterweight to the macro nerves. U.S. spot Bitcoin exchange-traded funds drew $202 million in net inflows on Oct. 28, and Ethereum funds added $246 million` This shows steady interest from professional investors despite the subdued trading tone.

The next move likely hinges on the Fed’s tone whether it leans toward more easing or keeps a firmer hand on rates. Rate cuts historically fuel crypto rallies. A dovish tone could push BTC toward $115,000-$118,000 area. Anything less might lead to a retest of the $108,000 support.
2025-10-29 05:10 6mo ago
2025-10-28 23:31 6mo ago
Mondelez International, Inc. (MDLZ) Q3 2025 Earnings Call Transcript stocknewsapi
MDLZ
Q3: 2025-10-28 Earnings SummaryEPS of $0.73 beats by $0.02

 |

Revenue of

$9.74B

(5.87% Y/Y)

beats by $60.70M

Mondelez International, Inc. (NASDAQ:MDLZ) Q3 2025 Earnings Call October 28, 2025 5:00 PM EDT

Company Participants

Dirk Van de Put - Chairman & CEO
Luca Zaramella - Executive VP & CFO

Conference Call Participants

Andrew Lazar - Barclays Bank PLC, Research Division
Peter Galbo - BofA Securities, Research Division
David Palmer - Evercore ISI Institutional Equities, Research Division
Megan Christine Alexander - Morgan Stanley, Research Division
Thomas Palmer - JPMorgan Chase & Co, Research Division
Christopher Carey - Wells Fargo Securities, LLC, Research Division

Presentation

Operator

Good afternoon, and welcome to the Mondelez International 2025 Third Quarter Earnings question-and-answer session. [Operator Instructions]

On today's call are Dirk Van de Put, Chairman and CEO; Luca Zaramella, CFO; and Shep Dunlap, SVP of Investor Relations. Earlier this afternoon, the company posted a press release and prepared remarks, both of which are available on its website.

During this call, the company will make forward-looking statements about performance. These statements are based on how the company sees things today. Actual results may differ materially due to risks and uncertainties. Please refer to the cautionary statements and risk factors contained in the company's 10-K, 10-Q and 8-K filings for more details on forward-looking statements.

As the company discusses results today, unless noted as reported, it will be referencing non-GAAP financial measures, which adjust for certain items included in the company's GAAP results. In addition, the company provides year-over-year growth on a constant currency basis unless otherwise noted. You can find the comparable GAAP measures and GAAP to non-GAAP reconciliations within the company's earnings release and at the back of the slide presentation.

Question-and-Answer Session

Operator

We will now move to our first question. Our first question comes from the line of Andrew Lazar with Barclays.

Andrew Lazar
Barclays Bank PLC, Research Division

Dirk, maybe to start off, I was hoping

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Logitech International S.A. (LOGI) Q2 2026 Earnings Call Transcript stocknewsapi
LOGI
Q2: 2025-10-28 Earnings SummaryEPS of $1.45 beats by $0.21

 |

Revenue of

$1.19B

(6.27% Y/Y)

beats by $673.53K

Logitech International S.A. (NASDAQ:LOGI) Q2 2026 Earnings Call October 28, 2025 4:30 PM EDT

Company Participants

Nate Melihercik - Head of Global Investor Relations
Johanna Faber - CEO & Director
Matteo Anversa - Chief Financial Officer

Conference Call Participants

Asiya Merchant - Citigroup Inc., Research Division
Erik Woodring - Morgan Stanley, Research Division
Alek Valero - Loop Capital Markets LLC, Research Division
Samik Chatterjee - JPMorgan Chase & Co, Research Division
Didier Scemama - BofA Securities, Research Division
Michael Foeth - Vontobel Holding AG
Martin Jungfleisch - BNP Paribas Exane, Research Division

Presentation

Nate Melihercik
Head of Global Investor Relations

Good afternoon, and good evening. Welcome to Logitech's video call to discuss our financial results for the second quarter of our fiscal year 2026. Joining us today are Hanneke Faber, our CEO; and Matteo Anversa, our CFO.

During this call, we will make forward-looking statements, including discussions of our outlook, strategy and guidance. We're making these statements based on our views only as of today. Our actual results could differ materially as a result of many factors. Additional information concerning those factors is available in our most recent annual report on Form 10-K and any subsequent reports on Forms 10-Q and 8-K, which you can find on the SEC's website and the Investor Relations section of our website. We undertake no obligation to update or revise any of these forward-looking statements, except as required by law.

We will also discuss non-GAAP financial results. You can find a reconciliation between GAAP and non-GAAP results and information about our use of non-GAAP measures and factors that could impact our financial results and forward-looking statements in our press release and in our filings with the SEC. These materials as well as the shareholder letter and a webcast of this call are all available at the Investor Relations page of our website. We encourage

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Trump signals he plans to speak to China's Xi about Nvidia's 'super duper' chips stocknewsapi
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U.S. President Donald Trump plans to discuss Nvidia's advanced AI chips with Chinese President Xi Jinping during their widely expected meeting on Thursday, he told a media scrum Wednesday. 

While taking questions regarding his high-stakes meeting with Xi, Trump signaled that Nvidia's Blackwell AI processors could be discussed. 

"We'll be speaking about Blackwell, it's the super duper chip," he said. Nvidia's "super duper chip" appeared to refer to the GB200 Grace Blackwell Superchip — its most advanced AI chip.

More broadly, Nvidia's Blackwell architecture represents its latest generation of AI chips, or 'graphics processing units,' used to train and run large language models.

Trump went on to laud Nvidia's Blackwell chips, claiming that they are about a decade ahead of any other chip.

"That's our country. We're about 10 years ahead of anybody else in chips — in the highly sophisticated chips. I think we may be talking about that with President Xi." 

The comments come as Nvidia faces an uncertain future in China, once a lucrative market for the AI darling.

While export controls have long prevented Nvidia from selling its most advanced AI products to China, Washington had rolled back restrictions on the chipmaker's less advanced, made-for-China H20 chips in July. 

Trump later indicated that he might also allow a downgraded version of Nvidia's Blackwell chips into China.

But in a surprise move, Beijing recently stepped in to prevent its companies from importing Nvidia's chips. Earlier this month, Nvidia CEO Jensen Huang said the company is currently "100% out of China" and has no market share there. 

However, many experts speculate that Beijing could be using Nvidia's access to its market as leverage in its trade negotiations with the Trump administration.
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CNBC's MacKenzie Sigalos joins 'Closing Bell Overtime' to report on OpenAI's newly finalized restructuring. Microsoft now holds a 27% stake worth $135 billion, while OpenAI commits $250 billion in future Azure spend and reshuffles IP rights in the updated partnership.
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Woolworths Group Limited (WOLWF) Q1 2026 Sales Call Transcript stocknewsapi
WOLWF
Woolworths Group Limited (OTCPK:WOLWF) Q1 2026 Sales Call October 28, 2025 7:30 PM EDT Company Participants Amanda Bardwell - CEO, MD & Director Stephen Harrison - Chief Financial Officer Annette Karantoni - Managing Director of Woolworths Retail Amitabh Mall - MD of Group ECOMX and Chief Digital & Analytics Officer Daniel Hake - Managing Director of BiG W Conference Call Participants Adrian Lemme - Citigroup Inc., Research Division Michael Simotas - Jefferies LLC, Research Division Thomas Kierath - Barrenjoey Markets Pty Limited, Research Division David Errington - BofA Securities, Research Division Shaun Cousins - UBS Investment Bank, Research Division Caleb Wheatley - Macquarie Research Bryan Raymond - JPMorgan Chase & Co, Research Division Ben Gilbert - Jarden Limited, Research Division Craig Woolford - MST Financial Services Pty Limited, Research Division Richard Barwick - CLSA Limited, Research Division Phillip Kimber - E&P, Research Division Presentation Operator Ladies and gentlemen, thank you for standing by, and welcome to the Woolworths Group F '26 Q1 sales announcement. [Operator Instructions] I would now like to hand the conference over to Ms.
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Tenet Healthcare Corporation (THC) Q3 2025 Earnings Call Transcript stocknewsapi
THC
Q3: 2025-10-28 Earnings SummaryEPS of $3.70 beats by $0.35

 |

Revenue of

$5.29B

(3.26% Y/Y)

beats by $41.36M

Tenet Healthcare Corporation (NYSE:THC) Q3 2025 Earnings Call October 28, 2025 10:30 AM EDT

Company Participants

William McDowell - Vice President of Investor Relations
Saumya Sutaria - Chairman & CEO
Sun Park - Executive VP & CFO

Conference Call Participants

Kevin Fischbeck - BofA Securities, Research Division
Scott Fidel - Goldman Sachs Group, Inc., Research Division
Craig Hettenbach - Morgan Stanley, Research Division
Jason Cassorla - Guggenheim Securities, LLC, Research Division
Ann Hynes - Mizuho Securities USA LLC, Research Division
Benjamin Rossi - JPMorgan Chase & Co, Research Division
Ryan Langston - TD Cowen, Research Division
Justin Lake - Wolfe Research, LLC
Brian Tanquilut - Jefferies LLC, Research Division
Albert Rice - UBS Investment Bank, Research Division
Joshua Raskin - Nephron Research LLC
Benjamin Mayo - Leerink Partners LLC, Research Division
Thomas Walsh - Barclays Bank PLC, Research Division

Presentation

Operator

Good morning, welcome to Tenet Healthcare's Third Quarter 2025 Earnings Conference Call. [Operator Instructions]

I'll now turn the call over to your host, Mr. Will McDowell, Vice President of Investor Relations. Mr. McDowell, you may begin.

William McDowell
Vice President of Investor Relations

Good morning, everyone, and thank you for joining today's call. I am Will McDowell, Vice President of Investor Relations. We're pleased to have you join us for a discussion of Tenet's third quarter 2025 results as well as a discussion of our financial outlook. Tenet senior management participating in today's call will be Dr. Saum Sutaria, Chairman and Chief Executive Officer; and Sun Park, Executive Vice President and Chief Financial Officer.

Our webcast this morning includes a slide presentation, which has been posted to the Investor Relations section of our website, tenethealth.com. Listeners to this call are advised that certain statements made during our discussion today are forward-looking and represent management's expectations based on currently available information. Actual results and plans could differ materially.

Tenet is under no

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Cogna Educação S.A. Announces Further Extension of the Offer to Purchase All Outstanding Class A Common Shares of Vasta Platform Limited stocknewsapi
VSTA
October 28, 2025 23:42 ET

 | Source:

Cogna Educação S.A.

BELO HORIZONTE, Oct. 28, 2025 (GLOBE NEWSWIRE) -- COGNA EDUCAÇÃO S.A. (B3: COGN3), a company organized under the laws of the Federative Republic of Brazil (“Cogna”), today announced that it has further extended the expiration date of its previously announced all cash tender offer (the “Offer”) pursuant to an offer to purchase dated September 17, 2025 and subsequently amended on September 24, 2025 and October 16, 2025 (as further amended, modified or supplemented from time to time, the “Offer to Purchase”) any and all of the outstanding Class A common shares, par value U.S.$0.00005 per share (the “Class A common shares” and collectively the “Securities”), traded on the Nasdaq Global Select Market (“NASDAQ”), of Vasta Platform Limited, a Cayman Islands exempted company with limited liability (“Vasta”), other than any Class A common shares held, directly or indirectly, by Cogna, at a price equal to U.S.$5.00 per Class A common share.

The Offer, which was previously scheduled to expire 5:00 p.m. New York City time on October 28, 2025, has been further extended until 5:00 p.m., New York City time, on December 10, 2025, unless the Offer is further extended or earlier terminated.

The Offer has been extended to allow additional time for the completion of the review of the Tender Offer Documents (as defined below) by the United States Securities and Exchange Commission (the “SEC”), which has been affected by the United States government shutdown.

Vasta shareholders who have previously tendered their shares do not need to re-tender their shares or take any other action in response to the extension of the Offer.

Equiniti Trust Company, LLC, the tender agent for the Offer, has advised Cogna that as of 5:00 p.m., New York City time, on October 28, 2025, 15,379,240 Shares had been validly tendered into the Offer and not validly withdrawn, representing approximately 96.3% of the outstanding Shares.

The Offer is made in accordance with the terms and subject to the conditions described in the Offer to Purchase, the related letter of transmittal and other related materials, as each may be amended or supplemented from time to time, filed as part of the Offer statement on Schedule TO that Cogna initially filed on September 17, 2025 and subsequently amended on September 24, 2025 and October 16, 2025 with the SEC (collectively, the “Tender Offer Documents”). Consummation of the Offer continues to be subject to satisfaction or waiver of all of the conditions referred to in Section 11 — "Conditions of the Offer" of the Offer to Purchase.

The information agent for the Offer is D.F. King & Co., Inc. The tender agent for the Offer is Equiniti Trust Company, LLC. The dealer manager for the Offer is Itau BBA USA Securities, Inc.

For questions regarding the terms of the Offer, you may call D.F. King & Co., Inc., the information agent for the Offer, toll-free at (800) 659-5550 (in North America) or (212) 269-5550 (outside North America) or email to [email protected], or Itau BBA USA Securities, Inc., the dealer manager for the Offer, at +55 (11) 97530-3709; Attention: Fernando Niemeyer, or +55 (11) 96587-0063; Attention: Felipe Condado Barbosa. For questions regarding how to tender your Securities, you may call D.F. King & Co., Inc., toll-free at (800) 659-5550 (in North America) or (212) 269-5550 (outside North America) or email to [email protected].

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This announcement contains forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will” or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of Cogna and Vasta resulting from and following the implementation of the transaction described herein. These statements are based on management’s current expectations and are inherently subject to risks, uncertainties and changes in circumstance, including the satisfaction of closing conditions for the transaction, including regulatory approval, and the possibility that the transaction will not be completed. None of Cogna or Vasta undertake any obligations to update the forward-looking statements to reflect actual results, or any change in events, conditions, assumptions or other factors.

ADDITIONAL INFORMATION REGARDING THE OFFER AND WHERE TO FIND THEM

This press release is for informational purposes only. This press release is not a recommendation to buy or sell Class A common shares or any other securities of Vasta, and it is neither an offer to purchase nor a solicitation of an offer to sell Class A common shares or any other securities of Vasta. Cogna has filed the tender offer statement on Schedule TO, including the Offer to Purchase, the related letter of transmittal and other related materials, with the SEC on September 17, and subsequently amended it on September 24, 2025 and October 16, 2025. Shareholders should read carefully these materials (including the Offer to Purchase, the related letter of transmittal and other related materials) because they contain important information, including the various terms of, and conditions to, the Offer.

Shareholders will be able to obtain a free copy of the tender offer statement on Schedule TO, the Offer to Purchase, the related letter of transmittal and other related materials that Cogna has filed with the SEC at the SEC’s website at www.sec.gov. In addition, free copies of these documents may be obtained by contacting D.F. King & Co., Inc., the information agent for the Offer, toll-free at (800) 659-5550 (in North America) or (212) 269-5550 (outside North America) or email to [email protected].
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Microsoft CEO Satya Nadella says Bill Gates warned him that investing in OpenAI would be like setting $1 billion on fire stocknewsapi
MSFT
By

Kwan Wei Kevin Tan

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

"Remember this was a nonprofit, and I think Bill even said, 'Yeah, you're going to burn this billion dollars,'" Satya Nadella said of Microsoft's $1 billion investment into OpenAI in 2019.

Jason Redmond/AFP via Getty Images

2025-10-29T04:04:15Z

Microsoft made its first investment of $1 billion in OpenAI back in 2019.
The company went on to invest over $13 billion in the ChatGPT maker.
Microsoft CEO Satya Nadella said Bill Gates was initially wary of investing in OpenAI.

Microsoft's early investments in OpenAI may seem like a no-brainer today, but Satya Nadella says the company and its founder, Bill Gates, saw the decision as a risk back then.

Microsoft invested $1 billion in OpenAI in 2019, less than four years after its founding. The company has since invested over $13 billion in the ChatGPT maker.

But getting that first investment deal across the finish line wasn't that straightforward, Nadella said in an interview with "TPBN," a tech-focused YouTube show, on Tuesday.

"Even at Microsoft, you kind of got to have to get a board approval to just go throw a billion dollars out there," Nadella said."But I must say it was not that hard to convince anyone that this is an important area and it's going to be risky."

"In retrospect, who would have thought? I didn't put in a billion dollars saying, 'Oh yeah, this is going to be a hundred bagger,'" he continued.

Nadella told TBPN that Gates was also wary when he wanted to invest in OpenAI back in 2019.

"Remember this was a nonprofit, and I think Bill even said, 'Yeah, you're going to burn this billion dollars,'" Nadella said.

"We kind of had a little bit of high risk tolerance, and we said we want to go and give this a shot," he added.

Representatives for Nadella and Gates at Microsoft did not respond to a request for comment from Business Insider.

OpenAI has come a long way since Microsoft took its first bet on it.

The AI startup became a household name in November 2022 after it released an early demo of ChatGPT. The chatbot went viral on social media and added a million users within five days.

Sam Altman, the CEO of OpenAI, said at the company's annual DevDay conference on October 6 that "more than 800 million people use ChatGPT every week."

On Tuesday, OpenAI announced that it had completed its restructuring. Its nonprofit arm, OpenAI Foundation, will now oversee a new public benefit corporation, OpenAI Group PBC. With the changes, Microsoft holds a 27% stake, valued at about $135 billion, in OpenAI's for-profit business.

Microsoft's shares are up nearly 29% year to date.

Microsoft

Bill Gates

OpenAI

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