Market Signal Briefing

Celestica CEO Rob Mionis joins 'Mad Money' host Jim Cramer to discuss the company's Q3 earnings report, his take on the artificial intelligence boom, whether we are in an AI bubble, and more.

Enphase Energy crushes estimates with $410M revenue and record battery shipments driving margin strength.

VANCOUVER, British Columbia, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified and premium cannabis, is pleased to announce the publication of its fifth annual Environmental, Social and Governance Report (“ESG Report”) measuring the year ended December 31, 2024.

Rubicon Organics remains committed to embedding environmental, social, and governance (“ESG”) principles across its operations, reinforcing its leadership in sustainable cannabis production in Canada. This ESG Report, covering January 1 to December 31, 2024, showcases the Company’s ongoing dedication to transparency, resource efficiency, and responsible business practices. It reflects Rubicon’s core values - Quality, Integrity, Freedom, and Excellence - and the measurable impact of its ESG efforts over the past five years.

Highlights:

Business Growth: Net revenue growth since initiating our first annual ESG report increased by 410%, from $9.4 million in 2020 to $49 million in 2024.Governance: Independent and experienced oversight by our board of directors and transparent disclosures, including CEO pay ratio, continue to set the tone for excellence and industry leadership.Environment: Despite 410% net revenue growth over 5 years, our energy consumption rose only 17% and water usage 58%, supported by initiatives such as transitioning to the power grid and adopting drip irrigation.Social: People remain our greatest strength. In 2024, 80% of employees expressed pride in working at Rubicon Organics, and engagement survey participation reached 86% for our employee base, not including temporary foreign workers (“TFW’s”), and 94% for TFWs. Health and safety are now core to our culture and ESG performance. “I’m proud of Rubicon Organics’ five years of ESG leadership in the cannabis sector. This annual report underscores our commitment to transparency, strong governance, and passionate people driven by the belief that a responsible, resilient industry begins with us. Our vision remains clear - to be the most trusted house of premium cannabis brands, creating elevated experiences for people everywhere.” Margaret Brodie, CEO, Rubicon Organics

Click https://www.rubiconorganics.com/our-business/esg-reporting/ to read a copy of the full report.

ABOUT RUBICON ORGANICS INC.

Rubicon Organics is the Canadian leader in certified organic and premium cannabis. With a vertically integrated model and strong national distribution, the company is scaling a house of trusted, high-performing brands including Simply Bare™ Organics, 1964 Supply Co.™, Wildflower™, and Homestead Cannabis Supply™.

The Company’s production base is anchored by its Pacifica facility (Delta, BC) and is now complemented by the acquisition and licensing of its Cascadia facility (Hope, BC) which will expand production capacity by over 40% and support future growth in both domestic and export markets. With proprietary genetics, award-winning products, and certifications enabling international distribution, Rubicon is positioned at the forefront of the premium cannabis segment.

As the Canadian market continues to rationalize and global demand for high-quality cannabis increases, Rubicon Organics’ disciplined execution, brand equity, and consumer loyalty set it apart. The Company’s focus on premium quality, innovation, and operational execution has driven consistent revenue growth and positive Adjusted EBITDA.

Rubicon Organics represents a rare combination of category leadership, operational strength, and long-term growth potential.

CONTACT INFORMATION

Margaret Brodie
CEO
Phone: +1 (437) 929-1964
Email: [email protected]

The TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) does not accept responsibility for the adequacy or accuracy of this press release.

Cautionary Statement Regarding Forward Looking Information

This press release contains forward-looking information within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, statements regarding Rubicon Organics’ goal of achieving industry leading profitability are “forward-looking statements”. Forward-looking information can be identified by the use of words such as “will” or variations of such word or statements that certain actions, events or results “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. The forward-looking information in this press release is based upon certain assumptions that management considers reasonable in the circumstances. Risks and uncertainties associated with the forward-looking information in this press release include, among others, dependence on obtaining and maintaining regulatory approvals, including acquiring and renewing federal, provincial, local or other licenses and any inability to obtain all necessary governmental approvals licenses and permits for construction at its facilities in a timely manner; regulatory or political change such as changes in applicable laws and regulations, including bureaucratic delays or inefficiencies or any other reasons; any other factors or developments which may hinder market growth; Rubicon Organics’ limited operating history and lack of historical profits; reliance on management; the effect of capital market conditions and other factors on capital availability; the Company’s ability to attract and retain skilled staff; competition, including from more established or better financed competitors; the need to secure and maintain corporate alliances and partnerships, including with customers and suppliers.

These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although Rubicon Organics has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. Rubicon Organics assumes no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.

Cheesecake Factory (CAKE - Free Report) reported $907.23 million in revenue for the quarter ended September 2025, representing a year-over-year increase of 4.8%. EPS of $0.68 for the same period compares to $0.58 a year ago.

The reported revenue represents a surprise of -0.63% over the Zacks Consensus Estimate of $912.96 million. With the consensus EPS estimate being $0.60, the EPS surprise was +13.33%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Cheesecake Factory performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Comparable restaurant sales vs. prior year - The Cheesecake Factory: 0.3% versus the seven-analyst average estimate of 1.2%.Number of company-owned restaurants - The Cheesecake Factory: 216 versus the seven-analyst average estimate of 216.Comparable restaurant sales vs. prior year - North Italia: -3% compared to the 0.3% average estimate based on seven analysts.Number of international-licensed restaurants - The Cheesecake Factory: 35 compared to the 34 average estimate based on six analysts.Number of company-owned restaurants - North Italia: 46 compared to the 47 average estimate based on six analysts.Number of company-owned restaurants - Total: 364 compared to the 365 average estimate based on six analysts.Number of company-owned restaurants - Other FRC: 53 compared to the 53 average estimate based on five analysts.Number of company-owned restaurants - Other: 49 versus the five-analyst average estimate of 49.Revenues- North Italia: $83.48 million versus the six-analyst average estimate of $84.85 million. The reported number represents a year-over-year change of +16.1%.Revenues- The Cheesecake Factory restaurants: $651.38 million versus $655.31 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +0.6% change.Revenues- Other: $94.35 million versus the six-analyst average estimate of $91.61 million. The reported number represents a year-over-year change of +19.7%.Revenues- Other FRC: $78.02 million versus the six-analyst average estimate of $81.3 million. The reported number represents a year-over-year change of +16.5%.View all Key Company Metrics for Cheesecake Factory here>>>

Shares of Cheesecake Factory have returned +0.7% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

For the quarter ended September 2025, Amrize Ltd (AMRZ - Free Report) reported revenue of $3.68 billion, representing no change compared to the same period last year. EPS came in at $1.06, compared to $0 in the year-ago quarter.

The reported revenue represents a surprise of +5.28% over the Zacks Consensus Estimate of $3.49 billion. With the consensus EPS estimate being $1.01, the EPS surprise was +4.95%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Amrize Ltd performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenues- Building Envelope: $901 million versus $896.07 million estimated by four analysts on average.Revenues- Building Materials: $2.77 billion compared to the $2.59 billion average estimate based on four analysts.Adjusted EBITDA- Building Envelope: $217 million versus $203.15 million estimated by four analysts on average.Adjusted EBITDA- Building Materials: $902 million versus $946.1 million estimated by four analysts on average.View all Key Company Metrics for Amrize Ltd here>>>

Shares of Amrize Ltd have returned +4% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Trustmark (TRMK - Free Report) reported $205.15 million in revenue for the quarter ended September 2025, representing a year-over-year increase of 4.9%. EPS of $0.94 for the same period compares to $0.84 a year ago.

The reported revenue represents a surprise of -0.51% over the Zacks Consensus Estimate of $206.2 million. With the consensus EPS estimate being $0.95, the EPS surprise was -1.05%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Trustmark performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net Interest Margin: 3.8% versus 3.8% estimated by three analysts on average.Efficiency Ratio: 62% compared to the 61.9% average estimate based on three analysts.Net (recoveries) charge-offs / average loans: 0.1% versus the two-analyst average estimate of 0.2%.Total nonaccrual LHFI: $83.96 million compared to the $79.91 million average estimate based on two analysts.Total nonperforming assets: $92.28 million versus the two-analyst average estimate of $89.28 million.Average Balances - Total earning assets: $17.11 billion compared to the $17.25 billion average estimate based on two analysts.Net Interest Income: $162.44 million versus $163.92 million estimated by three analysts on average.Total Noninterest income: $39.93 million compared to the $40.48 million average estimate based on three analysts.Net Interest Income (FTE): $165.22 million versus $166.24 million estimated by two analysts on average.View all Key Company Metrics for Trustmark here>>>

Shares of Trustmark have returned -2.6% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Landstar System (LSTR - Free Report) reported $1.21 billion in revenue for the quarter ended September 2025, representing a year-over-year decline of 0.4%. EPS of $1.22 for the same period compares to $1.41 a year ago.

The reported revenue represents a surprise of +0.49% over the Zacks Consensus Estimate of $1.2 billion. With the consensus EPS estimate being $1.24, the EPS surprise was -1.61%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Landstar performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenue per load - Ocean and air cargo carriers: $9,254.00 versus the three-analyst average estimate of $7,458.86.Revenue per load - Rail Intermodal: $2,962.00 versus $2,851.28 estimated by three analysts on average.Number of loads - Total: 501,230 versus the three-analyst average estimate of 504,293.Number of loads - Truck Transportation: 485,430 versus the three-analyst average estimate of 488,618.Investment income: $3.29 million compared to the $2.82 million average estimate based on five analysts. The reported number represents a change of -16% year over year.Revenue: $1.21 billion compared to the $1.2 billion average estimate based on five analysts. The reported number represents a change of -0.7% year over year.Revenue- Other: $19.57 million versus $22.41 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -23% change.Revenue- Rail Intermodal: $23.67 million versus $21.51 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +12.8% change.Revenue- Truck Transportation: $1.09 billion versus $1.09 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.1% change.Revenue- Ocean and air cargo carriers: $72.27 million versus $61.22 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -5.3% change.Revenue- Truck Transportation- Other Truck transportation: $96.04 million compared to the $112.37 million average estimate based on two analysts. The reported number represents a change of +3.1% year over year.Revenue- Truck Transportation- Less-than-truckload: $24.48 million versus the two-analyst average estimate of $23.05 million. The reported number represents a year-over-year change of +1.2%.View all Key Company Metrics for Landstar here>>>

Shares of Landstar have returned +6.6% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Neurocrine Biosciences posts standout Q3 beat as INGREZZA and CRENESSITY drive 28% product sales growth.

October 28, 2025 8:07 PM EDT | Source: Starcore International Mines Ltd.
Vancouver, British Columbia--(Newsfile Corp. - October 28, 2025) - Starcore International Mines Ltd. (TSX: SAM) (the "Company") is pleased to announce that it has closed its non-brokered private placement (the "Financing"), raising $5,000,000 in gross proceeds through the issuance of 20,000,000 units (the "Units") at a price of $0.25 per Unit. Each Unit is comprised of one common share of Starcore and one-half of one transferable common share purchase warrant (the "Warrants"), each whole Warrant exercisable for a period of two years from the date of issue to purchase one common share of Starcore at a price of $0.35 per share, provided that, if after the expiry of all resale restrictions, the closing price of the Company's shares is equal to or greater than $0.50 per share for 10 consecutive trading days, the Company may, by notice to the Warrant holders (which notice may be by way of general news release), reduce the remaining exercise period of the Warrants to not less than 30 days following the date of such notice.

Aggregate compensation of $92,099.79 was paid by the Company to various eligible registrants as finders' fees for the portion of the Financing attributable to their efforts, as well as 368,399 finders' warrants, with similar features as the Warrants but expiring within one year.

All of the securities issued pursuant to this Financing are subject to a hold period of four months plus one day.

The Company now has 89,863,517 common shares issued and outstanding.

About Starcore

Starcore International Mines is engaged in precious metals production with focus and experience in Mexico. While this base of producing assets is complemented by exploration and development projects throughout North America, Starcore has expanded its reach internationally with the project in Côte d'Ivoire. The Company is a leader in Corporate Social Responsibility and advocates value driven decisions that will increase long term shareholder value. You can find more information on the investor friendly website here: www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.,

Signed "Robert Eadie"
Robert Eadie, Chief Executive Officer

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The Toronto Stock Exchange has not reviewed nor does it accept responsibility
for the adequacy or accuracy of this press release.

NOT FOR DISTRIBUTION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272334

Peter Zhang
Oct 28, 2025 22:17

Polygon (MATIC) collaborates with Manifold Trading to introduce institutional-grade liquidity and execution standards to its DeFi ecosystem, aiming to attract institutional-scale capital flows.

Polygon (MATIC) Labs has announced a strategic partnership with Manifold Trading, a quantitative investment firm, to upgrade liquidity standards within its decentralized finance (DeFi) ecosystem. This collaboration aims to integrate institutional-grade market-making and liquidity management, according to polygon.technology.

Institutional Liquidity Meets Onchain Market Structure
In traditional financial markets, liquidity firms play a crucial role in maintaining smooth execution and tight spreads. They manage trades on both sides, rebalance across venues, and ensure stability. However, such structures have been absent in DeFi, leading to fragmented liquidity and inconsistent pricing.

Manifold Trading plans to bridge this gap by deploying quantitative market-making and arbitrage strategies across Polygon’s decentralized exchanges. This move is expected to enhance trade execution and pricing consistency, making the DeFi ecosystem more attractive to institutional investors.

From Fragmentation to Flow: Making DeFi Work for Institutions
The DeFi sector has traditionally struggled with liquidity fragmentation, limiting its appeal to institutional players who demand predictability and fair execution. The partnership between Polygon and Manifold aims to address these challenges by embedding professional liquidity management directly into the DeFi infrastructure.

By offering tighter spreads, lower volatility, and faster settlement times, the initiative seeks to make DeFi more appealing to fintech companies and neobanks interested in onchain payments or real-world asset trading.

Polygon’s Infrastructure Advantage
Polygon continues to enhance its infrastructure to support institutional DeFi. The recent Rio hardfork has improved network reliability by eliminating reorg risks and achieving near-instant finality. Additionally, Heimdall v2 has brought sub–5-second finality for real-time settlements, while Agglayer aims to unify cross-chain liquidity under one framework.

These upgrades position Polygon as a leading platform for global payments and institutional-grade DeFi, moving from speculative experimentation to readiness for institutional participation.

Polygon Labs, a prominent Web3 software company, is known for its high-speed, low-cost network. It continues to develop its ecosystem to support a robust payments framework, leveraging advancements like zero-knowledge technology through programs such as the Agglayer Breakout Program.

Image source: Shutterstock

polygon
defi
liquidity
institutional trading

Bitcoin's Tuesday mood was anything but golden. After hovering comfortably around $115,500, the orange coin slipped on a banana peel, tumbling to an intraday low of $112,349. That's a 1.8% drop against the U.S. dollar as traders braced for the Federal Reserve's expected rate cut.

Western Union, the 175-year-old remittances icon, has just revealed plans to launch its own U.S. dollar-backed stablecoin called USDPT (U.S. Dollar Payment Token), bypassing the Ethereum network for Solana.

French lawmakers have passed a resolution where France opposes digital euro, as they cite threats to privacy, and suggest creating a national Bitcoin reserve.

Key Takeaways
Did the new altcoin ETFs spark a market rally?
Not entirely. Solana’s ETF saw the strongest demand with $56 million in volume, yet SOL’s price fell 3.6%.

What does this say about the new ETF market?
Traders appear to be more selective, favoring assets with stronger fundamentals or staking appeal, rather than reacting purely to listing hype.

The first wave of U.S. altcoin ETFs officially launched on 27 October, marking a historic expansion of regulated crypto products beyond Bitcoin and Ethereum. 

Solana, Hedera, and Litecoin each saw new ETFs go live under tickers $BSOL, $HBR, and $LTCC, generating a combined $65 million in first-day trading volume. However, their underlying tokens reacted very differently.

Solana ($SOL): strong ETF debut, weak price follow-through
Bitwise’s $BSOL ETF recorded $56 million in day-one volume, the highest of any ETF launch this year. Yet Solana’s spot price slipped 3.65%, trading around $191 after briefly touching $203.

Technical data from TradingView shows the RSI hovering at 45, reflecting neutral-to-weak momentum as traders likely priced in ETF optimism ahead of launch.

The pullback suggests a “buy-the-rumor, sell-the-news” setup, with investors locking in profits after the listing.

Source: TradingView

Hedera ($HBAR): low ETF volume, strong price response
In contrast, Hedera’s $HBR ETF, which saw $8 million in trading activity, triggered a sharp 4.9% daily price gain to $0.193. Its RSI jumped to 53, indicating renewed bullish sentiment.

Source: TradingView

The divergence between modest ETF volume and strong price action suggests that retail traders and smaller funds may be rotating into lower-cap Layer-1s in anticipation of future staking yield announcements or further ETF inflows.

Litecoin ($LTC): muted ETF interest, soft technicals
Litecoin’s $LTCC ETF lagged with just $1 million in first-day trading. On the charts, LTC slipped 3.3%, falling to $96 with its RSI around 43, signaling weak demand.

Source: TradingView

The lack of ETF enthusiasm mirrors broader sentiment: Litecoin remains viewed more as a legacy crypto asset than an innovation leader.

Unless volumes rise in the coming days, the product’s appeal may stay limited to niche institutional investors.

Market takeaway
The mixed price performance across these altcoins shows that ETF listings alone don’t guarantee immediate market rallies.

Investors appear selective, rewarding assets with strong network growth or staking yields, while others face profit-taking.

Still, the successful debut of three non-BTC, non-ETH spot ETFs signals a maturing U.S. market — one ready to explore altcoin exposure under regulated structures.

In computing, a denial-of-service attack (DoS attack; UK: /dɒs/ doss US: /dɑːs/ daas[1]) is a cyberattack in which the perpetrator seeks to make a machine or network resource unavailable to its intended users by temporarily or indefinitely disrupting services of a host connected to a network. -The Wikipedia definition of denial-of-service attack. 

This is a very basic concept. Someone makes use of their own resources to disrupt the functioning of other machines on a network. 

DoS attacks have been an issue for as long as the internet existed. One of the commonly argued “first Distributed Denial-of-service (DDoS) attacks” was against the Internet Service Provider (ISP) Panix in the mid-90s. There were of course many prior technical examples on older internet services, but this was one of, if not the, first major examples of such an attack on the modern World Wide Web. 

This attack had numerous computers start to initiate a Transmission Control Protocol (TCP) connection with the ISPs servers, but never finishing the handshake protocol that finalized the connection. This consumes the server’s resources for managing network connections and prevents honest users from accessing the internet through the ISP’s servers. 

Ever since this “initial” DDoS attack, they have been as common on the internet as storms are in nature, a regular occurrence that massive pieces of internet infrastructure have been built to defend against. 

The Blockchain The blockchain is one of the core components of Bitcoin, and a required dependency for Bitcoin’s functionality as a distributed ledger. I am sure many people in this space would call so-called “spam” transactions a DoS attack on the Bitcoin blockchain. In order to call it that, you would have to define the “service” that the blockchain is offering as a system, and explain how spam transactions are denying that service to others in a way not intended by the design of the system. 

I’d wager a bet that most people who believe spam is a DoS attack would say something like “the service the blockchain offers is processing financial transactions, and spam takes space away from people trying to do that.” The problem is, that is not specifically the service the blockchain offers. 

The service it actually offers is the confirmation of any consensus valid transaction through a real-time auction that periodically settles whenever a miner finds a block. If your transaction is consensus valid, and you have bid a high enough fee for a miner to include your transaction in a block, you are using the service the blockchain provides exactly as designed. 

This was a conscious design decision made over years during the “Block Size Wars” and finalized in the activation of Segregated Witness and the rejection of the Segwit2x blocksize increase through a hard fork pushed by major companies at the time.  The blockchain would function by prioritizing the highest bidding fee transactions, and users would be free to compete in that auction. This is how blockspace would be allocated, with a global restriction to protect verifiability and a free market pricing mechanism. 

Nothing about a transaction some arbitrarily define as “spam” winning in this open auction is a DoS of the blockchain. It is a user making use of that resource in the way they are supposed to, participating in the auction with everyone else. 

The Relay Network Many, if not most, Bitcoin nodes offer transaction relay as a service to the rest of the network. If you broadcast your transactions to your peers on the network, they will forward them on to their peers, and so on. Because the peering logic deciding which nodes to peer with maintains wide connectivity, this service allows transactions to propagate across the network very quickly, and specifically allows them to propagate to all mining nodes. 

Another service is block relay, propagating valid blocks as they are found in the same manner. This has been highly optimized over the years, to the point where most of the time an entire block is never actually relayed, just a shorthand “sketch” of the blockheader and the transactions included in it so you can reconstruct them from your own mempool. In other words, optimizations in block relay depend on a transaction relay functioning properly and propagating all valid and likely to be mined transactions. 

When nodes do not have transactions in a block already in their mempool, they must request them from neighboring nodes, taking more time to validate the block in the process. They also explicitly forward those transactions along with the block sketch to other peers in case they are missing them, wasting bandwidth. The more nodes filtering transactions they classify as spam, the longer it takes blocks including those filtered transactions to propagate across the network. 

Transaction filtering actively seeks to disrupt both of these services, in the case of transaction relay failing miserably to prevent them from propagating to miners, and in the case of block propagation having a marginal but noticeable performance degradation the more nodes on the network are filtering transactions. 

These node policies have the explicit purpose of degrading the network service of propagating transactions to miners and the rest of the network, and view the degradation of block propagation as a penalty to miners who choose to include valid transactions they are filtering. They seek to create a degradation of service as a goal, and view the degradation of another service resulting from that attempt as a positive. 

This actually is a DoS attack, in that it actually is degrading a network service contrary to the design of the system. 

Where From Here? The entire saga of Knotz vs. Core, or “Spammers” vs. “Filterers”, has been nothing more than a miserably ineffective and failed DoS attack on the Bitcoin network. Filters do absolutely nothing to prevent filtered transactions from being included in blocks. The goal of disrupting transaction propagation to miners has had no success whatsoever, and the degradation of block relay has been marginal enough to not be a disincentive to miners. 

I see this as a huge demonstration of Bitcoin’s robustness and resilience against attempted censorship and disruption on the level of the Bitcoin Network itself. 

So now what?

A BIP by an anonymous author has been put forward to enact a temporary softfork that would expire after roughly a year making numerous ways to include “spam” in Bitcoin transactions consensus invalid through that time period. After realizing the DoS attack on the peer-to-peer network has been a total failure, filter supporters have moved to consensus changes, as many of them were told would be necessary over two years ago. 

Will this actually solve the problem? No, it won’t. It will simply force people who wish to submit “spam” to this forked network, if they actually follow through on implementing it, to use fake ScriptPubKeys to encode their data in unspendable outputs that will bloat the UTXO set. 

So even if this fork was met with resounding support, activated successfully, and did not result in a chainsplit, it would still not achieve the stated goal and leave “spammers” no option but to “spam” in the most damaging way to the network possible.

Shinobi

Shinobi is an pseudonymous self taught educator in the Bitcoin space. He was the co-host of Block Digest, a news/tech oriented Bitcoin podcast, as well as What Bitcoin Did Tech Show with Peter McCormack which centered around explaining technical concepts to non-technical users. That is all he will tell us about himself.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

On-chain data shows the Bitcoin mining Difficulty is set to go through a sharp jump in the coming adjustment and reach a new all-time high (ATH).

Bitcoin Mining Difficulty Will Go Up Over 6% In The Next Adjustment
According to data from CoinWarz, Bitcoin mining Difficulty is heading toward a positive adjustment on Wednesday. The “Difficulty” here refers to a metric built into the BTC blockchain that controls how hard miners find it to mine blocks on the network.

The Difficulty is entirely controlled by the code Satoshi wrote in all those years ago, meaning that no third party has any say in how its value changes. The chain automatically adjusts the metric about every two weeks based on a simple rule that the pseudonymous Bitcoin creator established: block time must stay constant around 10 minutes per block.

Whenever miners mine blocks in an average time faster than this, the network responds with an increase in the Difficulty. The jump is always just enough to slow the miners back down to the standard rate. Similarly, the validators being slower than needed forces the chain to ease things up.

The next Difficulty adjustment is expected to occur on October 29th. Below are the details regarding this event.

Looks like the miners have been relatively fast recently | Source: CoinWarz
As is visible, the average block time since the last Bitcoin Difficulty adjustment has stood at 9.42 minutes, which is 0.58 minutes faster than the standard time. To correct for this, the network will raise its Difficulty by more than 6% on Wednesday. This is quite a significant jump, one that will result in a new record for the indicator at around 155.8 trillion hashes. At present, the metric’s value is 146.7 trillion hashes.

Before the last adjustment, the Bitcoin mining Difficulty had been following a sustained uptrend, rising for seven consecutive adjustments in a row.

How the Difficulty's value has changed over the past year | Source: CoinWarz
The reason behind the uptrend in the metric lay in the aggressive expansion that miners had been participating in. As the chart below shows, the Hashrate, an indicator tracking the total amount of computing power deployed by the chain validators, has shot up recently.

The value of the metric has been exploring new highs | Source: CoinWarz
Around the beginning of October, the Bitcoin Hashrate saw a pullback, suggesting some miners disconnected from the network. This drop in computing power is why the validators couldn’t keep pace anymore, and the Difficulty broke its streak of upward adjustments.

As it has turned out, however, the slowdown in the Hashrate was only temporary, as miners have again been aggressive in their upgrades, forcing the network to take the Difficulty to yet another new ATH.

BTC Price
Bitcoin recovered above $116,000 on Monday, but the coin has since faced a retrace as it’s now back at $114,400.

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

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Bitcoin and crypto prices have swung wildly in recent weeks as Wall Street quietly gears up for a major, $6.6 trillion Federal Reserve flip.

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The bitcoin price has dropped back from its all-time high of $126,000 per bitcoin but has stabilized after a “flash crash” sparked fears of total collapse and an “imminent dollar and financial crisis."

Now, as Binance’s founder issues a huge, $28 trillion bitcoin prediction, bullish bitcoin and crypto traders have said a bitcoin price rally could mean the price never drops below $100,000 again.

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Forbes‘Get Ready’—Countdown To The ‘Mother-Of-All’ Fed Pivots Begins As The Bitcoin Price Suddenly Soars

Bitcoin has rocketed into a new week, with bullish traders hopeful the bitcoin price will set a new all-time high.

AFP via Getty Images

“The next absolute positive confirmation would be a fresh all-time-high in bitcoin, as if it comes this would signify the death knell for those hanging onto the halving cycle as a reason for bitcoin prices to peak now,” Geoffrey Kendrick, head of crypto research at Standard Chartered, said in an emailed note and adding that, “if this week goes well, bitcoin may never go below $100,000 again.”

Kendrick pointed to bitcoin and crypto exchange-traded fund (ETFs) flows, the rising possibility of a U.S.-China trade deal, and an expected Federal Reserve interest rate cut this week as helping to lift the bitcoin price from lows of near $100,000 earlier this month.

“I think the halving cycle is dead (ETF flows matter more), but it will take confirmation to convince everyone of this,” Kendrick wrote.

Bitcoin’s having cycle, which sees the number of new bitcoin issued to miners who secure the network and process transactions cut by half every four years or so, has coincided with bitcoin price booms and busts over the last 15 years, however, increasingly analysts say they believe institutional bitcoin and crypto adoption has a bigger impact on the bitcoin price.

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Forbes‘It Will Happen’—Binance’s CZ Issues Massive $28 Trillion Bitcoin Prediction As Crypto Braces For ‘Inevitable’ Price ShockBy Billy Bambrough

The bitcoin price has dipped from its all-time highs but remains well above the closely-watched $100,000 per bitcoin level.

Forbes Digital Assets

“This cycle of rotation, not rejection, reveals structural integration,” analysts with the Bitfinex crypto exchange wrote in emailed market commentary. "If it holds, crypto could become a barometer for global capital adjustment, signalling how markets adapt in real time to macro shocks.”

The bitcoin and crypto market is also closely watching for signs the Federal Reserve will follow other major central banks in swinging dovish in the months ahead.

“Looking ahead, policy divergence will shape near-term sentiment," the Bitfinex analysts wrote. “The Federal Reserve is juggling oil-driven inflation with softening manufacturing and services data. Meanwhile, the ECB and Bank of England lean dovish, and the BOJ faces increasing scrutiny over its yield curve and currency defence stance. In this environment, cryptoʼs relative calm may reflect maturation in structure, liquidity depth, and institutional alignment.”

Bitwise’s Solana ETF launched with $56 million in first-day volume, outperforming over 850 ETFs introduced across 2025.Despite the ETF’s success, SOL’s price fell as market sentiment turned bearish amid leverage and long-position pressure.Analysts view the ETF’s strong debut as a mixed signal—high institutional demand but weak price traction for Solana holders.The Solana ETF hit US markets today, and it proved immensely successful. Bitwise’s product saw $56 million in day-one trading volume, making a larger splash than 850+ ETFs launched in 2025.

However, SOL’s actual token price has actually declined today due to other factors. Although the upcoming altcoin ETFs may become lucrative investment opportunities, underlying market trends still look bearish.

Solana ETF Goes LiveThe prospect of a Solana ETF has stirred market expectations for months, but the actual launch happened in murky circumstances. After months of false starts and regulatory confusion, the community had a mixed reaction when analysts claimed trading was about to start.

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Nonetheless, the first Solana ETFs went live on the markets today, and their baptism by fire proved extremely successful:

Corporate investors have been pouring money into crypto ETFs, and the new Solana products are no exception.

Eric Balchunas, a Bloomberg analyst, claimed that Bitwise’s product had the strongest launch of any ETF in 2025. This includes ETFs based on XRP and non-token-based products alike; around 850 new assets in total.

No Gains for SOLIn other words, this Solana ETF has been a phenomenal success. Bitwise’s product completely eclipsed HBAR and Litecoin ETFs, seeing $56 million in total volume compared to $8 and $1 million, respectively. Nonetheless, however, anticipated gains for Solana have yet to materialize:

Solana Price Performance. Source: CoinGeckoThis discrepancy between the ETF performance and actual interest in Solana is more than a little worrying. SOL’s price didn’t just ignore the news; it actually decreased significantly.

Analysts suggest that a long squeeze is happening between long-term holders and leverage plays, which may be causing these doldrums. Still, it seems highly bearish that the Solana ETF’s breakout success didn’t influence these dynamics.

The first BTC ETFs brought runaway success for Bitcoin, potentially altering its price cycles forever. If altcoin products don’t have a similar impact, however, it will challenge a lot of vital assumptions.

In other words, this seems like something of a mixed blessing. The Solana ETF has finally reached US markets, and the appetite is very strong. For the time being, though, retail SOL holders might not reap any of the rewards.

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The US SEC approved several spot ETFs for top altcoins Hedera, Solana, and Litecoin, all of which have extremely bright potential. Today is the launch of Canary Capital's HBAR and LTC ETFs, while Bitwise's SOL ETF also begins trading today on the New York stock Exchange.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

BlackRock-Chef Larry Fink sagt, Anleger kaufen Krypto und Gold aus Angst.
Die US-Schulden steigen auf ein Rekordniveau, das sogar Europa alt aussehen lässt.
Bitcoin wird zur neuen Absicherung – aber noch traut sich nicht jeder ran.

Finanzmärkte sind sensibel, und zurzeit riecht es dort nach Panik. Wenn der Chef des größten Vermögensverwalters der Welt plötzlich von „Angst-Assets“ spricht, sollte man hinhören. Larry Fink von BlackRock sieht in Bitcoin und Gold nicht nur Trends, sondern Zufluchtsorte für alle, die der Wirtschaft nicht mehr trauen.

Wenn Angst zu Gold wird
Larry Fink, der Chef von BlackRock, hat auf einer Finanzkonferenz in Riad klipp und klar gesagt, was viele nur denken: Menschen kaufen Krypto und Gold, weil sie Angst haben. Angst davor, dass Geld seinen Wert verliert. Angst, dass ihr Erspartes nichts mehr wert ist. Und ein bisschen auch Angst davor, dass die Welt aus den Fugen gerät.

Er nennt sie „Assets of Fear“ – also Vermögenswerte der Angst. Gold glänzt wieder, BTC steigt, und wer es sich leisten kann, stapelt lieber Barren als Aktien. Fink sagt: „Man besitzt diese Dinge, weil man sich fürchtet.“ Das mag ehrlich klingen, aber es zeigt auch, wie tief das Vertrauen in das klassische Finanzsystem gesunken ist.

Die Schuldenuhr tickt lauter
Die USA haben sich verschuldet wie nie zuvor. Der Internationale Währungsfonds rechnet damit, dass die Staatsverschuldung bis 2030 auf 143 Prozent des Bruttoinlandsprodukts steigt. Damit überholen die Vereinigten Staaten sogar Schuldenkönige wie Italien und Griechenland.

Auch das jährliche Haushaltsloch bleibt riesig – über sieben Prozent Defizit jedes Jahr. Für eine Supermacht ist das kein gutes Zeichen. Und wenn die Schulden steigen, sinkt das Vertrauen in die Währung. Genau das treibt Anleger in Sachwerte: lieber ein BTC auf der Festplatte als ein schwankender Dollar auf dem Konto.

BTC – die neue Versicherung
Fabian Dori von der Sygnum Bank sagt, viele Investoren wechseln gerade von Papiergeld zu sogenannten „harten Assets“. Das bedeutet: weg vom Drucken, hin zu Dingen, die nicht beliebig vermehrt werden können – also Gold oder BTC.

Hier kommst du zu unserer detaillierten Prognose für Bitcoin.

 

Aber er warnt: Krypto schläft nie. „Der Markt läuft rund um die Uhr“, sagt Dori. „Das ist nichts für schwache Nerven.“ Banken und Fonds müssen sich erst an diese 24/7-Welt gewöhnen. Noch fehlen die passenden Systeme, um die Risiken ständig im Blick zu behalten. Deshalb dauert es, bis traditionelle Finanzriesen wirklich groß einsteigen.

Vom Krypto-Muffel zum Fanboy
Larry Fink war früher kein Freund von Bitcoin – ganz im Gegenteil. 2017 nannte er die Kryptowährung noch ein „Werkzeug für Geldwäscher und Kriminelle“. Heute klingt das ganz anders. Jetzt bezeichnet er sich als „gläubigen Investor“. Er sagt: „Krypto hat seinen Platz – genau wie Gold. Es ist eine Alternative.“

Und wenn einer wie Fink seine Meinung ändert, horchen Märkte auf. Immerhin verwaltet BlackRock über 12,5 Billionen US-Dollar. Der firmeneigene BTC-ETF, der iShares Bitcoin Trust, ist mit rund 93,9 Milliarden Dollar der größte seiner Art. Wenn BlackRock sich bewegt, bewegt sich der Markt gleich mit.

Les hier, wieso einige Experten bei BTC noch dieses Jahr eine Rally bis 250k sehen.

Zwischen Hype, Hoffnung und Herzrasen
Kryptoexperte Nic Puckrin erinnert daran, dass BTC aus einer Krise geboren wurde – der Finanzkrise 2008. Damals suchten Menschen Alternativen zu Banken. Heute ist die Situation ähnlich: Schulden, Inflation, Unsicherheit. Nur diesmal geht es um die ganze Welt.

Viele sehen Bitcoin längst nicht mehr nur als „Angst-Asset“, sondern als Wette auf die Zukunft. Ein offenes, grenzenloses Finanzsystem, das keiner Regierung gehört. Trotzdem bleibt Skepsis: Auf der Vorhersageplattform Myriad glauben viele Nutzer, dass Gold 2025 stärker abschneiden wird als BTC. Und doch bewegt sich etwas – Behörden prüfen Krypto-Reserven, Fonds nutzen Bitcoin als Sicherheit, und selbst die Börsen rüsten für den 24-Stunden-Handel. Die Finanzwelt dreht sich weiter – aber sie schläft nicht mehr.

Bitcoin Hyper: Die nächste Stufe für Bitcoin als Schutz vor Inflation
Bitcoin gilt für viele als das beste Mittel gegen Inflation. Wenn Regierungen mehr Geld drucken und Preise steigen, bleibt Bitcoin unabhängig und begrenzt – das macht ihn zu einem sicheren Hafen für Anleger. Immer mehr Menschen und Institutionen setzen deshalb auf Bitcoin, um ihr Vermögen zu schützen. Doch bisher wird BTC vor allem gehalten, kaum genutzt. Genau das ändert BTC Hyper: Es verbindet die Sicherheit von Bitcoin mit der Schnelligkeit und Effizienz von Solana und macht so Zahlungen und Anwendungen mit Bitcoin endlich praktisch nutzbar.

Lies hier eine langfristige Prognose für Bitcoin Hyper!

$HYPER: Der Antrieb für nutzbaren Bitcoin
$HYPER ist der Token, der Bitcoin Hyper antreibt. Er sorgt dafür, dass Transaktionen schnell und günstig ablaufen und neue Anwendungen entstehen können. Wenn BTC als Schutz vor Inflation weiter an Bedeutung gewinnt, wächst auch das Interesse, ihn wirklich zu verwenden – nicht nur zu speichern. Bitcoin Hyper bietet dafür die Lösung, und $HYPER steht im Zentrum: sicher wie Bitcoin, schnell wie Solana und bereit für die Zukunft.

Jetzt rechtzeitig einsteigen und $HYPER im Presale kaufen.

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.

The Cardano (ADA) price is flying under the radar amid growing accumulation by large-holders (“whales”) and a technical formation that traders seldom ignore, a symmetrical triangle.

With ADA currently trading around $0.66, after briefly reaching $0.69 earlier in the week, the stage appears set for a breakout, or a breakdown. Analysts suggest that if the bullish scenario prevails, ADA could target $1 and beyond, potentially even reaching $5 or more in a longer-term move.

Whale Accumulation Signals Long-Term Confidence
Despite short-term price softness, on-chain data reveal that wallets holding large quantities of ADA are steadily increasing their positions.

According to recent reports, wallets with 100,000 ADA tokens have been accumulating over the past six weeks, even while retail demand remains lukewarm. This accumulation is taking place as ADA forms a low-volatility consolidation, such behaviour often precedes major market moves.

The divergence is noteworthy. While Open Interest and spot cumulative volume delta (CVD) remain weak, signaling limited retail/speculator engagement, whales are quietly buying the dips.

Enthusiasm among large-holders suggests confidence in ADA’s fundamentals and plays into the bullish thesis that this accumulation could underpin a powerful move once the technical breakout triggers.

Symmetrical Triangle Breakout Offers Route to Major Upside
Technical analysts highlight that ADA has been trading within a symmetrical triangle pattern, a convergence of support and resistance trendlines, typically signalling a buildup of tension before a decisive move.

The crucial support near $0.61 and resistance roughly at $0.70–$0.75 mark the boundaries of this formation. A decisive breakout above the upper trendline could unlock a rally toward $0.80–$0.85, and potentially beyond $1.70 per some projections.

Conversely, a breakdown below the support would invalidate the bullish setup and could see ADA revisit $0.55 or lower. Given the whale accumulation underway, the bullish scenario currently seems favoured, but traders must still watch for confirmation.

ADA's price trends sideways on the daily chart. Source: ADAUSD on Tradingview
Bottom Line
The question now gaining traction is: could ADA eventually hit $5? While the immediate target may be around $1 to $2, some longer-term models based on Fibonacci extensions and structural breakout maths place significantly higher levels on the table.

If ADA converts supply zones into support and elevates its on-chain narrative, the powerful combination of whale positioning + breakout could carry it much higher.

Cover image from ChatGPT, ADAUSD chart from Tradingview

With most of the quarterly results from the Mag 7 set to roll in this week, the pressure on the group is tilting toward Amazon (AMZN - Free Report)  and Apple (AAPL - Free Report) .  

Set to release their quarterly reports after-market hours on Thursday, October 30, Amazon and Apple have been the laggards of the Mag 7 stocks this year.

Along with Tesla (TSLA - Free Report) , Amazon and Apple stock have trailed the broader indexes' YTD returns, with the rest of the group outperforming, led by Nvidia’s (NVDA - Free Report)  gains of more than +40%.

The appetite for loftier gains from Amazon and Apple stock is certainly setting in amid hopes that AI can give these tech giants another boost.  

Image Source: Zacks Investment Research

What Wall Street will be Looking ForAmazon’s Cloud Services & Retail Performance

Outside of enhancing its retail performance, analysts will be anticipating updates on how Amazon’s AI investments are translating into cloud growth and profitability. As the largest global cloud provider ahead of Microsoft’s (MSFT - Free Report)  Azure and Alphabet’s (GOOGL - Free Report)  Google Cloud, Amazon’s AWS revenue is thought to have increased 17% during Q3 to more than $30 billion.

Notably, AWS has been Amazon’s most profitable business segment, with cloud computing and cloud infrastructure services now accounting for nearly 20% of the e-commerce giant’s top line. Overall, Amazon’s Q3 sales are expected to spike 12% to $177.88 billion, with Q3 earnings expected to rise 10% to $1.58 per share.  

iPhone 17 Sales & Apple Services Growth

Reporting results for its fiscal fourth quarter, Wall Street will be paying close attention to how trade tensions with China may potentially impact Apple’s outlook. However, enhanced AI features in the iPhone 17 are helping to offset tariff concerns and increased competition from Chinese competitors like Huawei and Xiaomi, with China being Apple’s largest market outside of the U.S.

Driven by the release of the iPhone 17 in September, Apple’s Q4 sales in China are thought to have increased 4% to more than $18 billion. Optimistically, Apple’s Services segment (App store, iCloud, subscriptions) is thought to have expanded 13% during Q4, pushing annual services revenue to over $100 billion for the first time. As a whole, Apple’s Q4 sales are expected to be up 6% to $101.19 billion, with quarterly EPS expected to rise 5% to $1.73.

Amazon & Apple Valuation Comparison  Although Amazon and Apple have been the laggards among the Mag 7 in 2025, they are in the middle of the pack in terms of price-to-forward earnings valuation at just over 30X. Tesla commands the highest P/E premium among the group, followed by Nvidia and Microsoft, with Alphabet and Meta Platforms (META - Free Report)  having the cheapest valuations in this regard at under 30X.

That said, Amazon has the most reasonable price to forward sales multiple of 3.4X, with Apple’s 9.1X being third behind Alphabet’s 8.7X.

Image Source: Zacks Investment Research

What the Zacks Rank SuggestsAttributed to its more exhilarating EPS growth and a positive trend in EPS revisions for fiscal 2025 and FY26, Amazon stock currently sports a Zacks Rank #2 (Buy). Apple shares, on the other hand, land a Zacks Rank #3 (Hold) as FY25 and FY26 EPS revisions are slightly down in the last 30 days despite steady bottom line expansion in the forecast as well.

Amazon's TV and movie arm was hit during the company's broad layoffs. Here's what we know.

By

Lucia Moses

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Amazon MGM Studios original "Fallout."

Amazon MGM Studios

2025-10-28T21:50:41Z

Amazon MGM Studios was affected as part of Amazon's layoffs of 14,000 employees.
Some big names impacted included a head of casting and TV execs.
Amazon is in the early stages of harnessing AI for its entertainment arm.

Amazon MGM Studios, the company's TV and movie arm, was hit during the broader company layoffs announced Tuesday. Amazon said it would cut 14,000 jobs overall to slim down as it leans into AI.

Among the big names affected at Amazon MGM Studios were Donna Rosenstein, who was head of series casting. Also cut were drama series exec Meggie Choi and creative exec Nathan Kitada.

Amazon didn't share the scope of the cuts in entertainment.

Amazon MGM Studios, known for original series like "The Lord of the Rings: The Rings of Power" and "Reacher," drives Prime Video, which is included with Prime subscriptions. It's been undergoing significant leadership changes this year, with Netflix alum Peter Friedlander coming in to head up TV following the departures of top execs Vernon Sanders and Jen Salke.

As part of Amazon's AI efforts, it has begun to leverage the tech across its entertainment arm, which is led by Mike Hopkins. Company leaders have talked publicly about the various ways they're using the tech to soup up the viewing experience on Prime Video. Earlier this year, Prime Video head Albert Cheng moved into an AI role. At the time, the company said he'd help create new AI tools for filmmakers and showrunners.

In June, Amazon also invested in startup Fable Studio to build out an AI-powered streaming platform, Showrunner, which lets users make their own shows and play with existing IP. The investment was made through Amazon's Alexa Fund, a VC fund focused on AI, voice, and other technologies.

Amazon has been scrutinizing spending on original entertainment after a period of lavish outlays on big series, such as "Citadel" and "Rings of Power." Its last big layoff in its entertainment arm was in January 2024, when hundreds were cut in what was then its deepest staff reduction to date.

Layoffs

Amazon

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