Market Signal Briefing

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Marex Group plc (“Marex” or the “Company”) (NASDAQ: MRX) securities between May 16, 2024 and August 5, 2025, inclusive (the “Class Period”). Marex investors have until December 8, 2025 to file a lead plaintiff motion.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN MAREX GROUP PLC (MRX), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Happened?

On August 5, 2025, NINGI Research published a report alleging, among other things, that Marex “has engaged in a multi-year accounting scheme involving a web of opaque off-balance-sheet entities, fictitious intercompany transactions, and misleading disclosures to conceal significant losses, inflate profits, and mask its true risk exposure.” The report alleged, among other things, that the Company has “numerous multi-million-dollar discrepancies in intercompany receivables and loans across Marex’s sprawling network of 56+ entities.” The report identified examples, including “a $17 million receivable created out of thin air, a subsidiary whose reported profit was inflated by 150% in group filings before being liquidated, and an asset valued at $14.9 million that was sold to Robinhood for just $2.5 million weeks later, with no reported loss.” The report further alleged the Company concealed nearly $1 billion in off-balance-sheet derivatives exposure through a Luxembourg fund it both controls and trades with, and that it is using the fund to generate non-cash trading profits and inflate operating cash flow by misclassifying structured note issuance as income.

On this news, Marex’s stock price fell $2.33, or 6.2%, to close at $35.31 per share on August 5, 2025, on unusually heavy trading volume.

What Is The Lawsuit About?

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company sold over-the-counter financial instruments to itself; (2) Marex had inconsistencies in its financial statements between its subsidiaries and related parties, including as to intercompany receivables and loans; (3) as a result of the foregoing, Marex’s financial statements could not be relied upon; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Contact Us To Participate or Learn More:

If you purchased Marex securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

Law Offices of Howard G. Smith

3070 Bristol Pike, Suite 112

Bensalem, Pennsylvania 19020

Telephone: (215) 638-4847

Email: [email protected]

Visit our website at: www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

More News From Law Offices of Howard G. Smith

Gold surged past $4,000 an ounce this week and Manhattan's Diamond District took notice. Veena Ali-Khan explains -------- More on Bloomberg Television and Markets Like this video?

Key Takeaways
ALK's Q2 2025 operating expenses surged 33% year over year, driven by labor and maintenance costs.
The company's current ratio dropped to 0.52 in Q2 2025, signaling deteriorating liquidity strength.
Broker sentiment has weakened, with ALK's September quarter earnings estimate cut by 17.8% in 60 days.
Alaska Air Group (ALK - Free Report) is facing significant challenges from surging operating expenses and a deteriorating liquidity position, which are affecting the company’s bottom line and making it an unattractive choice for investors’ portfolios.

Let’s delve deeper.

ALK: Key Risks to WatchSouthward Earnings Estimate Revision: The Zacks Consensus Estimate for the September quarter earnings has been revised 17.8% downward in the past 60 days. Meanwhile, for 2025, the consensus mark for earnings has been revised 10.7% downward in the same time frame.

The unfavorable estimate revision indicates brokers’ lack of confidence in the stock.

Dim Price Performance:  The company’s price trend reveals that its shares have plunged 24.1% in the year-to-date period against the Transportation - Airline industry’s 5.5% rise.

Image Source: Zacks Investment Research

Weak Zacks Rank: ALK currently has a Zacks Rank #4 (Sell).

Bearish Industry Rank: The industry to which ALK belongs currently has a Zacks Industry Rank of 177 (out of 243). Such an unfavorable rank places it in the bottom 27% of Zacks Industries. Studies show that 50% of a stock price movement is directly related to the performance of the industry group it belongs to.

A mediocre stock within a strong group is likely to outperform a robust stock in a weak industry. Reckoning the industry’s performance becomes imperative.

Headwinds: Alaska Air Group is facing mounting pressure on its bottom line as rising expenses continue to strain its financial stability. In the second quarter of 2025, total operating expenses surged 33% year over year, driven primarily by escalating labor and maintenance costs.

Labor costs, which include salaries and benefits, accounted for 34% of total expenses and climbed 49% from the prior year, while maintenance expenses jumped 86% year over year. These rising costs are weighing heavily on the company’s profitability and overall financial health.

Adding to the concern, Alaska Air Group’s liquidity position has weakened over time. The company’s current ratio declined from 0.98 in 2021 to 0.61 in 2024, and further fell to 0.52 in the second quarter of 2025, raising questions about its ability to meet short-term obligations.

Stocks to ConsiderInvestors interested in the Zacks Transportation sector may consider Global Ship Lease (GSL - Free Report) and Wabtec (WAB - Free Report) .

GSL currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

GSL has an encouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 13.16%.

A look at the company’s price trend reveals that its shares have surged 29.9% in the year-to-date period, surpassing the  Zacks Transportation - Shipping industry’s 0.4% growth.

WAB currently carries a Zacks Rank #2.

Wabtec has an expected earnings growth rate of 17.59% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in three of the trailing four quarters, and missed in the remaining, delivering an average beat of 5.41%.

A look at the company’s price trend reveals that its shares have risen 4.1% in a year against the  Zacks Transportation - Equipment and Leasing industry’s 18.1% fall.

October 10, 2025 2:00 PM EDT | Source: Akanda Corp
Toronto, Ontario--(Newsfile Corp. - October 10, 2025) - Akanda Corp. (NASDAQ: AKAN) ("Akanda" or the "Company") today announced that, due to the ongoing postal strike in Canada, the Company is unable to mail shareholder proxy materials (the "Meeting Materials") for its upcoming special meeting (the "Meeting") of shareholders scheduled for 10:00 a.m. (Toronto time) on Thursday, October 30, 2025, at the offices of Gowling WLG (Canada) LLP, Suite 1600, 100 King Street West, Toronto, Ontario.

Akanda is incorporated under the Business Corporations Act (Ontario), which ordinarily requires delivery of Meeting Materials to registered shareholders by mail. As the postal strike has made mailing impracticable, the Company has implemented alternative delivery procedures that fully ensure shareholders' access to the required information.

The Meeting Materials are available for download on the Company's website at https://akandacorp.com and will remain accessible there for six months following the date of the Meeting. Shareholders may also request printed copies of the Meeting Materials be sent to them via email or couriered to them within Canada or the United States, at no cost by contacting the Company by email at [email protected] or they may access the documents online under the Company's profile on EDGAR at www.sec.gov.

Registered shareholders (those who hold their shares directly in the Company and not through a broker or other intermediary) may obtain a control number or receive assistance with voting by contacting the Company's Meeting proxy provider, Odyssey Trust Company. To facilitate this process, shareholders are encouraged to use the "Chat with Odyssey Trust" feature at https://odysseytrust.com/contact/ or to contact Odyssey Trust by telephone at 1-888-290-1175 (toll-free in North America) or 1-587-885-0960 (outside North America). Shareholders are reminded to submit their proxies or voting instructions by no later than 48 hours prior to the time of the Meeting, as indicated in the Meeting Materials, to ensure their votes are counted.

Beneficial shareholders (those who hold their shares through a brokerage firm or other intermediary) who have not yet received information about the Meeting should contact their intermediary directly to obtain a voting proxy.

These alternative procedures have been implemented to ensure that all shareholders receive timely access to the Meeting Materials and can participate fully in the Meeting, notwithstanding the postal disruption. The Company is confident that these measures provide a secure, accessible, and compliant alternative to traditional mail delivery.

The Company appreciates shareholders' understanding and cooperation during this postal disruption. Akanda remains committed to maintaining the highest standards of transparency and governance and encourages all shareholders to review the Meeting Materials and participate in the Meeting.

Forward-Looking Statements

This press release may contain "forward-looking statements." Such statements which are not purely historical (including but not limited to statements that contain words such as "will," "believes," "plans," "anticipates," "expects," "intends," "would," "could" and "estimates") are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.

Important factors, among others, that may affect actual results or outcomes include: (i) any delay to or adjournment of the Meeting, or changes in the status of the postal strike; (ii) changes in domestic and foreign business, market, financial, political and legal conditions; (iii) risks that could adversely affect Akanda or the expected benefits of its recent acquisition of FTF (the "Transaction") or that the approval of the stockholders of Akanda to authorize and issue its Class B Special Shares, or to approve the Transaction, is not obtained; (iv) failure to realize the anticipated benefits of the Transaction; (v) the limited operating history of each of Akanda and FTF; (vi) the ability of Akanda and its subsidiaries to grow and manage growth effectively; (vii) the ability of Akanda and its subsidiaries to execute their business plans; (viii) estimates of the size of the markets for Akanda's and its subsidiaries' products and services; (ix) the rate and degree of market acceptance of Akanda's products and services; (x) Akanda's ability to identify and integrate acquisitions; (xi) future investments in technology and operations; (xii) potential litigation involving Akanda; (xiii) risks relating to the uncertainty of projected financial information; (xiv) the effects of competition on Akanda's businesses; (xv) developments and changes in laws and regulations; (xvi) the impact of significant investigative, regulatory or legal proceedings; (xvii) general economic and market conditions impacting demand for Akanda's products and services; (xviii) the ability to meet Nasdaq's listing standards; (xix) the ability of Akanda to raise capital, and to issue equity or equity-linked securities in connection with the Transaction or in the future; (xx) the ability of Akanda to manage its significant debt load and liabilities; and (xxi) such other risks and uncertainties as are discussed in Akanda's Annual Report on Form 20-F filed with the SEC or in other documents Akanda files from time to time with the SEC. Akanda expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Akanda's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this press release, and Akanda assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law. Although Akanda believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in Akanda's reports and statements filed from time-to-time with the Securities and Exchange Commission.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270006

The Ethereum Foundation and Keyring Network launch a joint funding model, routing zkVerified vault fees to Tornado Cash’s legal defense.Keyring’s zero-knowledge DeFi vaults enable compliant, privacy-first finance for institutional investors on Ethereum.The initiative seeks to prove a sustainable impact funding model while defending developers’ rights to open-source privacy code.The Ethereum Foundation and Keyring Network have launched a new initiative to pioneer a market-aligned funding mechanism. Fees from zkVerified DeFi vaults will go to support privacy-focused open-source developers.

For the first two months, fees will go to the legal defense funds of the developers of Tornado Cash.

Sponsored

Sponsored

Institutional DeFi Funds Privacy DefenseThe Ethereum Foundation and Keyring Network have devised a funding mechanism for privacy development.

Keyring is a company focused on creating tools that help large financial institutions access compliant decentralized finance (DeFi) products. They specialize in using advanced zero-knowledge proofs to allow users to prove they are verified without revealing their identity on the Ethereum blockchain.

Keyring recently developed zkVerified vaults, which serve as secure, yield-generating DeFi gateways accessible exclusively to safelisted investors.

The joint initiative aims to fund the legal defense of Tornado Cash developers Roman Storm and Alexey Pertsev, championing the defense of privacy-enhancing, open-source code. 

Tornado Cash (@TornadoCash) is a decentralized privacy protocol using zero-knowledge proofs to break the onchain link between sender and receiver.

It is designed to provide privacy on a public blockchain.

Ethereum is for privacy.

— Ethereum (@ethereum) August 19, 2025
Keyring provides direct financial support, pledging two months of all protocol fees generated by its new zkVerified vaults for the developers’ defense. Meanwhile, the Ethereum Foundation is the strategic partner. The Ethereum Foundation will coordinate the effort and establish a successful test case for this new funding model.

Sponsored

Sponsored

Developers Convicted for Open Source CodeIn 2019, Storm, Pertsev, and Roman Semenov created and launched Tornado Cash, an open-source cryptocurrency mixer on the Ethereum blockchain. The service significantly enhances users’ transaction privacy and anonymity.

The stated primary motivation for its creation was to provide financial privacy for cryptocurrency users. Since Ethereum transactions are public, Tornado Cash was created to disconnect the sending and receiving wallets.

Proponents like Vitalik Buterin celebrated the creation, viewing it as vital for financial privacy. However, critics argued that criminals, like sophisticated North Korean hackers, could use it to launder billions in illicit funds. 

In August 2022, the US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash. It also made it illegal for Americans to use the protocol. Pertsev and Storm were subsequently arrested and charged with facilitating money laundering and operating an unlicensed money transmitting business. 

Courts convicted both Persev and Storm for these crimes. Roman Semenov remains at large. 

An Alarming StandardThe legal cases against the developers of Tornado Cash have resulted in substantial legal fees. 

The case is seen by many in the crypto community as setting a dangerous precedent for criminalizing developers for simply writing open-source code.

Beyond this new strategic initiative between the Ethereum Foundation and Keyring, the Foundation pledged an additional $500,000 in donations in August to fund the developers’ legal defense.

This new initiative serves as a key proof of concept for the entire industry. If successful, this new model will establish a sustainable, market-driven funding structure that automatically channels the financial success of privacy protocols, eliminating the need to rely on emergency, one-time community donations for all future legal challenges.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Crypto prices plunged alongside stock market indices early Friday after President Donald Trump threatened to ratchet up tariffs on China.

Bitcoin dove below $119,000 for the first time since October 2, and was recently trading for $119,028—down 1.7% on the day. But other leading cryptocurrencies saw sharper dips, with Ethereum and Solana both down almost 5% in the last hour alone, to prices of $4,107 and $211 respectively.

Crypto market liquidations have skyrocketed amid the plunge, with CoinGlass showing $459 million worth of liquidations in the last hour alone—the vast majority of them being long positions. Over the last 24 hours, nearly $773 million worth of positions have been liquidated.

The Nasdaq is down 1.77% so far Friday, with the S&P 500 down 1.25% and the Dow dipping by 0.83%.

"Ultimately, though potentially painful, it will be a very good thing, in the end, for the U.S.A." Trump wrote on Truth Social. "One of the policies that we are calculating at this moment is a massive increase of tariffs on Chinese products coming into the United States of America. There are many other countermeasures that are, likewise, under serious consideration."

This isn’t the first time that Trump’s tariff war has impacted the markets. Back in April, Trump’s sweeping “Liberation Day” tariffs on 185 countries prompted Bitcoin to drop 1.1% in an hour while the S&P 500 lost more than $2 trillion in market capitalization in just 15 minutes.

Since then, the president has had a hot and cold relationship with tariffs as he has regularly eased and hiked tariffs against several nations and economic groups—including China.

Trump’s most recent tariff move happens as the U.S. government is in the midst of an ongoing shutdown. During this period, most federal agencies are partially closed, with only essential employees permitted to keep working.

That said, the U.S. Bureau of Labor Statistics has confirmed that it will release its September 2025 Consumer Price Index, which measures the rate of inflation in the U.S., on October 24. However, no further releases will be produced until the government resumes.

Despite the increased tariff tensions, a price drop, and an ongoing government shutdown, 45% of predictors on Myriad Markets are bullish that Bitcoin will pump to $140,000 before it drops to $110,000. (Disclosure: Myriad Markets is developed by Decrypt’s parent company DASTAN.)

Editor's note: This story was updated after publication with additional context.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Cover image via U.Today

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

Most coins from the top 10 list are again in the green zone, according to CoinMarketCap.

Top coins by CoinMarketCapXRP/USDThe price of XRP has gone up by 1% over the past day.

Image by TradingViewOn the hourly chart, the rate of XRP has made a false breakout of the local resistance of $2.8305. However, if the daily bar closes near that mark or above, growth may continue to the $2.85 range.

Image by TradingViewOn the longer time frame, the situation is the opposite. The price is closer to the support than to the resistance, which means bears are more powerful than bulls. 

You Might Also Like

If sellers' pressure continues, one can expect a test of the $2.6975 level soon.

Image by TradingViewFrom the midterm point of view, the picture is similar. If the weekly bar closes below the previous bar's low, the accumulated energy might be enough for an ongoing decline to the $2.40-$2.60 area.

XRP is trading at $2.8143 at press time.

Crypto commentator Zach Rector argues that XRP’s months-long malaise is nearing a turning point, contending that selling pressure has largely run its course and that a fresh wave of institutional demand is lining up on the other side of the ledger. “XRP sellers are exhausted,” Rector said in a video analysis published late on October 9, adding that “the downside action and the consolidation that we’ve seen over the past few months is coming to an end and the suits are now getting ready to sell it with slideshow presentations.”

Reasons To Be Bullish On XRP
Rector’s central thesis is that structurally constrained float and prospective exchange-traded products could catalyze a supply squeeze. He framed the timeline around a US government shutdown, asserting that approval activity would not resume until after a reopening: “ETFs are set to go live for XRP as soon as the government shutdown ends. No, I am not anticipating the SEC to approve the ETFs while the government is shut down.” He characterized the post-shutdown period as a potential “tidal wave of XRP, crypto, and other related ETFs,” while acknowledging that the precise sequencing depends on regulators returning to normal operations.

Pointing to what he sees as a template in other assets, Rector highlighted a recent trading episode he attributed to BlackRock’s Ethereum ETF. In his telling, “Jane Street… spark[ed] a massive momentum ignition selloff just in time for BlackRock’s ETF to buy the most Ether in 2 months,” with $437 million of inflows arriving on a day of heavy price weakness.

“While they’re hitting the sell button, panicking… the investors at BlackRock are saying, ‘Thank you very much,’” he said. He extrapolated from this to XRP, claiming “the suits have the champagne on ice cuz they know that they’re about to go break records with the XRP ETFs.”

Beyond the ETFs, Rector emphasized on-chain and DeFi dynamics that he believes reduce liquid supply. He cited activity around Flare’s FXRP mechanism, describing wallet flows and escrowed balances as visible on public ledgers: “So far, Flare has already locked up almost $60 million worth of XRP. That’s equivalent to about 20 million XRP.”

Rector broadened his supply-tightening thesis to digital asset treasury (DAT) companies, asserting they had “already actually acquired 10% of the overall Ethereum supply” and were now “coming for XRP.”

XRP Momentum Builds
He also alluded to tokenization and payments initiatives he associates with Ripple and the XRP Ledger, asserting that “they really are going to tokenize on the XRP Ledger” and bring “flows of liquidity that are valued in the trillions of dollars” onto the network. As evidence of institutional momentum, he pointed to European and Middle Eastern developments.

Citing a post from VanEck’s Matthew Sigel, he said “Luxembourg becomes the first EU sovereign wealth fund to buy Bitcoin with a 1% position via ETF,” and noted recent meetings between Ripple executives and Luxembourg’s finance minister. He also referenced Ripple’s expansion in the Middle East, including Bahrain, as reinforcing an institutional pipeline.

On market structure, Rector said the recent intraday push lower found support above a level he is monitoring. “I zoomed out… to when we last back tested $2.70 just to show you… support,” he said, noting a visit to “about 2.77… people are front running that $2.70 level… we’re up to $2.81.”

For investors worried that a peak is already in, he pushed back: “Was that the end of the XRP bull run? Did I just miss the top at 3.66? Absolutely not… imagine thinking that now’s the time to sell when Wall Street’s about to start selling it for you.”

Rector’s explicit forward targets were sweeping. He said newcomers could “still… triple it up at least by next year,” and that a “10x” remained plausible under his “$20 to $30 base case,” characterizing “double-digit XRP” as “easily done.”

Throughout, he tied the outlook to a cluster of catalysts—“ETFs, digital asset treasury companies, and institutional adoption”—and to what he regards as a steady constriction of tradable float via DeFi lockups. “That’s what leads to a supply shock,” he said. “This party’s just getting started.”

At press time, XRP traded at $2.815.

XRP price, 1-day chart | Source: XRPUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

Cover image via U.Today

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

Bears are trying to seize the initiative in the second part of Friday, according to CoinStats.

XPL chart by CoinStatsXPL/USDThe price of Plasma (XPL) has declined by 10% over the last 24 hours.

Image by TradingViewOn the hourly chart, the rate of XRP is going down after a local support breakout of $0.7036. If the daily bar closes far from that mark, the drop is likely to continue to new lows.

Image by TradingViewOn the longer time frame, the picture is also bearish. In this case, traders should focus on the daily candle's closure in terms of yesterday's bar's low. 

You Might Also Like

If it happens below $0.70, traders may witness an ongoing correction.

Image by TradingViewFrom the midterm point of view, the situation is not clear enough, as XPL has been just listed on the exchange recently. However, if the weekly candle closes below $0.8282, traders might keep controlling the initiative on the market.

XPL is trading at $0.6750 at press time.

Bitcoin dropped sharply, with the price breaking below $119,000 on Friday as stocks and crypto reacted to President Donald Trump’s comments about China.

Summary

Bitcoin fell sharply on Friday to touch lows of $118,500 amid losses on Wall Street.
Dow Jones plunged more than 500 points, with U.S. stocks sliding amid broader market downturn.
Losses across stocks and crypto followed President Donald Trump’s latest comments on China, including threats to cancel a planned meeting with Xi Jinping.

Bitcoin’s price, which had moved to $122,000 as U.S. stocks opened higher, slumped as the equity market plummeted in reaction to Trump’s criticism of China regarding global rare-earth metals.

What did Trump say?
On Friday, Trump took to his Truth Social account to comment on what he termed China’s increasingly hostile stance on rare-earth metals.

According to Trump, Beijing has dispatched letters to various countries threatening further export controls on rare earths. Trump threatened to cancel an anticipated meeting with China’s Xi Jinping.

“We have been contacted by other Countries who are extremely angry at this great Trade hostility, which came out of nowhere. Our relationship with China over the past six months has been a very good one, thereby making this move on Trade an even more surprising one. I have always felt that they’ve been lying in wait, and now, as usual, I have been proven right!” Trump posted.

He noted that China isn’t the only one with monopoly positions, as the U.S. does too, and said its position is “much stronger and far-reaching.” Trump also mentioned an upcoming meeting with Xi.

“I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so.”

Bitcoin retests $118,500 level
As the Dow Jones tanked by over 500 points, Bitcoin (BTC) fell more than 2% to near $118,560 across major exchanges. 

The benchmark cryptocurrency traded just under the $119,000 mark at the time of writing. However, with Trump’s latest salvo against China triggering jitters around a potential new trade war between the United States and China, it is likely that bears could eye further downside.

Bitcoin’s daily trading volume was up 13% to over $74 billion.

Cover image via U.Today

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

Dogecoin is in the spotlight as a popular crypto trader predicts a moonshot for its price, which might take its price higher by as much as 2,700%.

In a recent tweet, crypto trader Kaleo reveals his bullish target for Dogecoin, drawing from Bitcoin.

Kaleo predicts a target of $6.942 for each Dogecoin, calculated from his projection for the Bitcoin price.

HOT Stories

"Kaleo, isn't this a little too bullish?"

Let's do some math! My target for Bitcoin this cycle is >$500K. That's >$10T mcap.

Last bull market, Dogecoin hit nearly 10% of BTC's mcap.

10% of $10T is $1T. $1T mcap for Dogecoin = ~$6.9420 per $DOGE.

— K A L E O (@CryptoKaleo) October 10, 2025 The underlying basis for Kaleo's prediction is that Dogecoin reached nearly 10% of Bitcoin's market cap in the last bull cycle. With Bitcoin currently trading above $120,000 with a market capitalization of $2.4 trillion, Kaleo revealed a target for the Bitcoin price this cycle to be $500,000, which gives a target of $10 trillion market cap by extrapolation.

If this is so, Kaleo believes that since Dogecoin reached 10% of Bitcoin's market cap in the last bull cycle, such a historical tendency might repeat itself.

Calculating 10% of his $10 trillion market cap target for Bitcoin, the crypto trader arrives at a potential $1 trillion market cap for Dogecoin, which by extrapolation would yield a $6.9420 price target per each DOGE coin.

Kaleo wrote in a tweet: "Let's do some math!  My target for Bitcoin this cycle is >$500K. That's >$10T mcap. Last bull market, Dogecoin hit nearly 10% of BTC's mcap.10% of $10T is $1T.  $1T mcap for Dogecoin = ~$6.9420 per DOGE."

At press time, Dogecoin's price was $0.249; a price target of $6.942 implies Dogecoin would need to increase by 2,732%.

Dogecoin news This week, Houseof Doge announced a new milestone in Dogecoin's Treasury move: 710 million DOGE have now been accumulated by Cleancore.

In a tweet, House of Doge, the official corporate arm of the Dogecoin Foundation, provided an update on the Official Dogecoin Treasury established in partnership with CleanCore Solutions.

As of Oct. 6, 2025, through its Official Dogecoin Treasury Partner CleanCore, the House of Doge Treasury now holds more than 710,000,000 DOGE, with over $20 million in unrealized gains, marking another milestone on its journey toward the one billion DOGE target.

A combination of early unlocks, whale dumping, and panic contributed to a major WLFI price crash.

Summary

WLFI price dropped more than 20% intraday, extending a multi-week downturn
A combination of early unlocks and whale dumping contributed to the decline
The WLFI team also made controversial decisions to freeze hundreds of wallets

World Financial Liberty (WLFI) traded at one point lower by more than 30%, extending a brutal multi-week sell-off that has erased nearly half of the token’s market cap. On Friday, October 10, the World Liberty Financial token, linked to the Trump family, traded as low as $0.1405 before bouncing back to $0.1459.

The crash extended a multi-week decline, during which it lost nearly half of its value from the multi-month high of $0.252 on September 21. Still, even after its peak, the token did not decline as rapidly as it did on October 10.

Several other projects associated with Donald Trump are also falling as a result of the panic. Official Trump (TRUMP) memecoin lost 3.1% during the day, compounding a monthly loss of 18%. TrumpCoin (DJT), which has no connection with the Trump family, fell 38.4% the same day.

Why did the WLFI token price collapse?
Several catalysts contributed to the steep decline of the WLFI token. The most likely explanation is the lingering effects of early WLFI unlocks. Notably, the project unlocked 20% of all presale tokens on September 1, the same day that trading started.

This contributed to an explosion of liquidity, and many early investors sold. However, not all were so lucky, as the token launch was embroiled in a controversy with one of its biggest backers, Justin Sun. Sun, who has close business ties with World Liberty Financial, said that the WLFI team froze his tokens, which eroded trust in the project.

WLFI also sold 100 million tokens to Bitcoin mining firm Hut 8 for $25 million on October 4. While the transaction was relatively minor compared to the token’s $3.6 billion market cap, it might have contributed to fears of insider selling.

Analysts present a case that ZEC may still be undervalued – Zcash price predictions now eye new highs as the privacy coin narrative heats up.

The bitcoin price dropped to the $118,000s range today after President Trump announced plans to raise tariffs on Chinese goods in response to China’s export controls on rare earth metals. 

Bitcoin price is down roughly 2.3% in the past 24 hours and about 6% since reaching a record high above $126,000 just four days ago.

President Trump threatened a “massive” increase in tariffs on Chinese goods, signaling a sharp escalation in the U.S.-China trade tensions and casting doubt on a planned APEC meeting with President Xi. This came after China imposed new limits on rare earth and related technology trade. 

“I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so,” Trump said on Truth Social. 

China requires foreign companies to obtain special approval to export products containing even trace amounts of Chinese rare earth elements, which are essential for items ranging from jet engines and electric vehicles to laptops and phones. 

Trade talks between China and the U.S. this year have addressed rare earths, TikTok, and tariffs, with over three rounds held so far. Following May talks in Geneva, the U.S. said China had agreed to ease some of its rare earth export restrictions.

All markets reacted negatively, echoing the sentiment from April when President Trump’s ‘Liberation Day’ tariffs rattled markets. The tariffs in April, via Executive Order 14257, declared a trade deficit emergency, imposing sweeping U.S. import duties.

Bitcoin price reaction Bitcoin kicked off October with a surge, reaching all-time highs above $126,000 in the first week. In the past few days, the price had pulled back to the $121,000 range.

Some analysts point to signs that the bitcoin market has entered what many describe as the “euphoria phase” of the current bull cycle.

If the historical pattern holds, bitcoin’s current euphoria phase may carry it toward the $180,000–$200,000 zone before sentiment shifts. 

Bitcoin has surged more than 30% since the start of the year, buoyed by sustained inflows into U.S.-listed Bitcoin exchange-traded funds, renewed investor confidence in digital assets, and expectations that the Federal Reserve will move toward cutting interest rates. 

Crypto-related stocks, like Circle (CRCL), Robinhood (HOOD), Coinbase (COIN), and MicroStrategy (MSTR), declined 3%-6% at times throughout the day.

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a junior news reporter for Bitcoin Magazine, based in North Carolina.

HBAR Tumbles 6% Amid Volume Surge as Wider Market CapitulatesTraders exit positions as cryptocurrency breaks key technical levels amid broader market uncertainty.Updated Oct 10, 2025, 4:54 p.m. Published Oct 10, 2025, 4:54 p.m.

Hedera Hashgraph’s HBAR token came under heavy institutional selling pressure over the 24-hour trading period ending October 10, with prices fluctuating within a volatile 6% range between $0.21 and $0.22. Despite early resilience that saw HBAR climb toward intraday highs near $0.22, the digital asset reversed sharply in the final trading hour, as institutional investors initiated broad-based selloffs that erased earlier gains.

Trading data pointed to exceptional activity during this selloff, with volumes surging to 262.49 million—nearly six times higher than the session’s 47.32 million average. Analysts identified the 3:00 PM hour on October 10 as the inflection point, where the heaviest liquidation occurred. The abrupt spike in volume and price pressure suggested coordinated selling by institutional players, possibly as part of broader portfolio rebalancing.

STORY CONTINUES BELOW

Technically, HBAR broke through multiple short-term support levels during this final hour, with price action stabilizing only as trading activity ceased in the closing minutes. The sharp drop and subsequent lull may reflect temporary liquidity constraints or trading desk closures as institutions moved to limit exposure ahead of potential regulatory updates.

HBAR/USD (TradingView)

Technical Analysis for Corporate InvestorsKey resistance levels formed around $0.22-$0.22 where institutional buying interest repeatedly failed to materialize at higher price levels.Corporate support emerged around the $0.21-$0.21 range before being decisively broken during the final hour's institutional selling wave.The most significant institutional liquidation occurred during the 3:30-3:35 PM window, where corporate trading volume spiked to over 12.80 million and 16.90 million respectively.Price action declined from $0.21 to a session low of $0.21, before corporate buyers attempted a modest recovery to $0.21 by 3:44 PM.Institutional trading activity ceased entirely during the final four minutes (3:56-3:59 PM), suggesting corporate trading desk closures or temporary liquidity constraints ahead of regulatory developments.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.

More For You

Total Crypto Trading Volume Hits Yearly High of $9.72T

Sep 9, 2025

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025

What to know:

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025Gate exchange emerged as major player with 98.9% volume surge to $746 billion, overtaking Bitget to become fourth-largest platformOpen interest across centralized derivatives exchanges rose 4.92% to $187 billionView Full Report

More For You

Trump Tariff Threat on China Sends Bitcoin Tumbling Below $119K

1 hour ago

Cryptos came under pressure as a potential U.S.-China trade war once again on the table.

What to know:

Cryptocurrencies fell sharply in late morning U.S. action on Friday after President Trump floated plans for increasing tariffs on Chinese goods as a response to rare earth metals export controls.Bitcoin plunged back below $119,000, with other major cryptocurrencies like ETH and SOL also tumbling.Crypto-related stocks, including Circle (CRCL), Robinhood (HOOD) and Coinbase (COIN) declined 5%-6%.Read full story

Cardano price holds $0.76 support, hinting at a bullish rally. Strong confluence and the Hydra upgrade spark renewed optimism for ADA’s next upward move.

Summary

Support confluence at $0.70–$0.76 confirmed by Fibonacci, POC, and Bollinger Bands.
HYDRA upgrade boosts network speed and scalability.
Bullish structure intact with potential rally toward $1.44.

After a brief corrective phase, Cardano’s (ADA) price has stabilized at a critical support zone, forming the foundation for a potential reversal. The $0.70–$0.76 area has emerged as a key confluence region supported by Fibonacci retracements, the Point of Control (POC), and Bollinger Band support.

Meanwhile, the recent rollout of Hydra Node 1, Cardano’s long-awaited scaling solution, has added a powerful fundamental catalyst, paving the way for faster and cheaper transactions across the network. With the new roadmap now unveiled, ADA is on breakout watch as bullish momentum begins to build.

Cardano price key technical points

Support Zone: Strong confluence between the 0.618 Fibonacci level, Point of Control, and lower Bollinger Band around $0.70–$0.76.
Market Structure: Higher-low formation remains intact within the ongoing bullish structure.
Resistance Target: Potential upside rotation toward $1.44 resistance if the support holds.

ADAUSDT (1D) Chart, Source: TradingView
Cardano’s recent correction has brought price action back into a high-traffic zone where multiple technical indicators align. The 0.618 Fibonacci retracement, often referred to as the “Golden Pocket,” coincides with the POC, the area where most trading activity has taken place, and the lower edge of the Bollinger Bands. This convergence creates a strong demand zone where buyers have historically stepped in.

The ongoing defense of this support zone suggests that the market is establishing another higher low within its macro uptrend. If this region continues to hold, the probability of a rotation toward higher levels increases significantly. A successful bounce from here would confirm the bullish continuation pattern, potentially setting the stage for ADA to test $1.00 before extending toward the major resistance at $1.44.

Momentum indicators such as RSI and MACD are also showing early signs of reversal from oversold levels, while trading volume remains steady, suggesting that selling pressure may be exhausting. As long as daily candle closes remain above $0.70, the broader market structure stays firmly bullish.

BREAKING NEWS:

CARDANO UNLEASHES HYDRA NODE 1.0 😱😱😱

The long-awaited scaling protocol has officially launched bringing lightning-fast, low-cost transactions to the #Cardano network.

During testing, Hydra reached over 1,000,000 TPS

How many TPS do you think Hydra will hit… pic.twitter.com/SZxkLP6DOv

— Mintern (@MinswapIntern) October 9, 2025

Beyond the technical picture, Cardano has recently deployed Hydra Node 1, a major leap in its long-term scalability roadmap. Hydra introduces lightning-fast and low-cost transaction capabilities, addressing one of the network’s most significant limitations. This upgrade not only enhances Cardano’s efficiency but also strengthens its competitive positioning against other layer-1 blockchains such as Solana and Ethereum.

The combination of robust technical support and a strong fundamental catalyst creates a dual-layered bullish outlook. If market sentiment aligns with this development, ADA could be primed for an extended rally in the sessions ahead.

What to expect in the coming price action
As long as Cardano maintains support above the $0.70–$0.76 range, the technical and fundamental confluence favors a bullish continuation. A confirmed breakout above $0.90 would likely accelerate momentum toward $1.00 and $1.44 in the medium term.

However, a daily close below $0.70 would invalidate the bullish scenario and signal potential range-bound behavior.

According to Coinbase’s internal metrics shared by community figure Moonkie, XRP drew 32,000 searches on the exchange in the past 24 hours, making it the most searched token on the platform.

Bitcoin trailed with 26,000 searches, BNB pulled 22,000, and Ethereum recorded 18,000. The spike in search activity comes amid rising debate about whether retail interest will turn into real buying pressure.

Search Interest Surges
Based on reports, search trends can sometimes foreshadow market moves. Traders and new investors often look up tokens before placing orders.

Some observers tied the rush of queries to hopes for an XRP-focused spot ETF, with a final SEC decision originally expected later this month.

The US government shutdown has been flagged as a factor that could delay the regulator’s timeline. Also, the SEC’s adoption of Generic Listing Standards has blurred strict deadlines, leaving approval windows more flexible than before.

XRP is the most searched asset on Coinbase in the past 24h pic.twitter.com/bRsAnZCCqH

— moonkie 🌙 (@xmoonkie) October 8, 2025

Strong Yearly Gains, Recent Pullback
XRP has enjoyed a remarkable run over the past year. Price climbed from about $0.51 to $2.82, a jump that equals roughly 440% growth.

Reports show XRP outpaced Bitcoin by 162% and beat Ethereum by 188% over that same period, numbers that have captured investor attention. Still, momentum has cooled a bit.

XRP slipped below $3 and is trading at $2.81 now, down 5% across the last week and down 1.05% in the past 24 hours.

XRPUSD now trading at $2.81. Chart: TradingView
Trading Volume Lags
Volume figures underline mixed market signals. Market screens show XRP’s 24-hour volume fell to $4.50 billion. Of that, $180 million — about 3.90% — was recorded on Coinbase.

On the exchange, XRP ranks as the fourth most traded asset, behind Solana, Ethereum, and Bitcoin, which posted $265 million, $578 million, and $716 million respectively.

Coinbase’s reserve of XRP rose to 16 million tokens, marking a 3% increase when compared with the figure reported on October 6, 2025.

Whales Are Selling
Large holders are adding pressure. Based on Whale Flow data using a 30-day moving average, roughly $50 million worth of XRP leaves whale wallets every day.

For this metric, whales are those holding more than 1,000 tokens. CryptoQuant charts have shown sustained net outflows since early 2024, which analysts say could keep the market biased toward selling even if ETF news turns out positive.

Featured image from Getty Images, chart from TradingView

Intel on Thursday announced its new Panther Lake processors slated to debut in laptops next year. CNBC's Kristina Partsinevelos has the details.

The stock market stumbled Friday after President Donald Trump threatened a sweeping increase in tariffs on Chinese imports, sending equity indices and risk sentiment sharply lower.

• AMD shares are retreating from recent levels. See what is driving the move here.

"Some very strange things are happening in China! They are becoming very hostile and sending letters to countries throughout the world that they want to impose export controls on every element of production involving rare earths," Trump wrote on Truth Social.

"I was to meet President Xi in two weeks at APEC in South Korea, but now there seems to be no reason to do so."

Trump said he would "financially counter" Beijing's move, adding that for every element China has monopolized, "we have two."

Crucially for markets, the president hinted that a "massive increase of tariffs" on Chinese goods entering the U.S. was among several measures under consideration.

The announcement rattled global markets. By 12:25 p.m. ET, the Nasdaq 100 fell nearly 2% to below 24,600 points, while the Dow Jones Industrial Average slipped about 400 points, or 1%, to below 46,000.

Advanced Micro Devices (NASDAQ:AMD) led tech decliners, dropping 7% after a spectacular week that had put it on track for its best weekly performance since 2016.

Chinese stocks were hit particularly hard, with JD.com Inc. (NASDAQ:JD), Alibaba Group Holding Ltd. (NYSE:BABA), Baidu Inc. (NASDAQ:BIDU) and PDD Holdings Inc. (NASDAQ:PDD) each falling roughly 4% or more.

The iShares China Large-Cap ETF (NYSE:FXI) sank 3.2%.

The U.S. dollar weakened, while gold prices rebounded above $4,000 per ounce as investors sought safety. Bitcoin (CRYPTO: BTC) also came under pressure, falling 1.6% to trade below $120,000.

Friday’s Performance In Major U.S. Indices, ETFsMajor IndicesPriceChg %• Dow Jones45,957.81-0.9%• S&P 5006,650.37-1.3%• Russell 20002,427.07-1.7%• Nasdaq 10024,642.87-1.8%S&P 500’s Top 5 Gainers On FridayNameChg %PepsiCo, Inc. (NASDAQ:PEP)+3.53%Philip Morris International Inc. (NYSE:PM)+2.37%Verisk Analytics, Inc. (NASDAQ:VRSK)+2.30%CVS Health Corporation (NYSE:CVS)+2.08%Erie Indemnity Company (NASDAQ:ERIE)+2.08%S&P 500’s Top 5 Losers On FridayNameChg %The Mosaic Company (NYSE:MOS)-7.57%Block, Inc. (NYSE:XYZ)-6.70%Advanced Micro Devices, Inc. -6.70%Synopsys, Inc. (NASDAQ:SNPS)-5.74%Robinhood Markets, Inc. (NASDAQ:HOOD)-5.47%Read Now:

Silver’s Explosive Move May Be Yet To Come, Analysts Say
Photo: Shutterstock

Market News and Data brought to you by Benzinga APIs

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

LOS ANGELES, Oct. 10, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Snap, Inc., (“Snap” or the "Company") (NYSE: SNAP) investors off a class action on behalf of investors that bought securities between April 29, 2025 and August 5, 2025, inclusive (the “Class Period”). Snap investors have until October 20, 2025 to file a lead plaintiff motion.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or join the case via https://portnoylaw.com/snap-inc. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

CASE ALLEGATIONS: Snap operates as a technology company.

The Snap class action lawsuit alleges that defendants misled investors by creating the false impression that they had reliable information regarding Snap’s expected advertising revenue and growth, while publicly attributing uncertainty to broader macroeconomic conditions. In reality, according to the complaint, Snap’s optimistic statements about advertising growth and earnings potential were unfounded, as they relied too heavily on execution capabilities the company was already failing to meet. At the time defendants blamed external factors, Snap was in fact experiencing the effects of a significant internal execution error.

The Snap class action lawsuit further alleges that on August 5, 2025, defendants reported disappointing second quarter 2025 financial results, revealing that advertising revenue had slowed sharply due in part to Snap “shipping a change that caused some campaigns to clear the auction at substantially reduced prices.” On this news, Snap’s stock price fell more than 17%, according to the complaint.

The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar
[email protected]
310-692-8883
www.portnoylaw.com

Attorney Advertising

New Space Reflects Firm's Commitment to Elevating the Advisor and Client Experience in a Unique, Collaborative Environment

, /PRNewswire/ -- Prudential Advisors, the retail arm of Prudential Financial, Inc. (NYSE: PRU), with more than 3,000 financial advisors and fee-based financial planners, today announced the opening of one of its firms' new offices at 101 Crawfords Corner Road, within the iconic Bell Works campus in Holmdel, New Jersey. The Greater NJ Financial Group's new 6,564-square-foot space will serve as a location for financial advisors to meet with clients, as well as collaborate with field leaders as Prudential Advisors continues to attract top-tier advisor talent.

Prudential Advisors: Bell Works Office

Called the country's only "metroburb," the Bell Works campus offers natural light amid open spaces. A vibrant mix of shops, restaurants and community events create an inspiring environment for connection and growth.

"This new office is yet another example of how Prudential Advisors is growing, continuing to serve the needs of its financial advisors and clients, and is setting a new standard in the industry," said Patrick Hynes, President of Prudential Advisors. "Bell Works gives us the perfect backdrop for building stronger relationships with clients and showcasing our commitment to attracting experienced financial advisors who want a collaborative and energizing place to grow their practice."

Leading the new Holmdel office will be:

Rob Nigro, CFP®, ChFC®, RICP®, Managing Director of The Greater NJ Financial Group
Zoe Nuccio, Senior Business Support Specialist
Kristian Lydon, CFP®, Regional Director
Maddie Brooks, Regional Director
Kyle Possessky, Sales Support Administrator
Kerri Shave, Sales Support Administrator
The Bell Works location was strategically selected to provide financial advisors with a dynamic, modern workspace that fosters collaboration and innovation while offering convenient access for clients throughout Central New Jersey.

Prudential Advisors offers flexibility that lets financial advisors choose the affiliation model best suited for their practice and clients.

ABOUT PRUDENTIAL ADVISORS

Prudential Advisors supports the growth and success of more than 3,000 financial advisors and fee-based financial planners, across the country as they offer more than 3.5 million Americans a full range of financial advice and solutions, backed by local field leaders and associates in our headquarters. The business enables financial advisors to help individuals and families work toward their financial goals through personalized advice and comprehensive solutions. For more information about Prudential Advisors' Greater NJ Financial Group, please visit the firm site at Greater New Jersey Financial Group.

ABOUT PRUDENTIAL

Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.5 trillion in assets under management as of Dec. 31, 2024, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise, and innovation for 150 years. For more information, please visit news.prudential.com.

MEDIA CONTACT

Mike Klein

732-742-4032

[email protected]

SOURCE Prudential Advisors

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+

Newsrooms &

Influencers

9k+

Digital Media

Outlets

270k+

Journalists

Opted In

A shifting rate picture may be inviting investors to revisit their fixed income allocations, but rates alone don’t drive the deep-seated appeal of securitized debt. VettaFi’s recent Fixed Income symposium explored a few opportunity sets for investors in debt offerings, with securitized a standout category that can provide potentially greater returns than staid allocation to corporates, for example.

See more: Diversifying Abroad? Don’t Ignore Emerging Markets Upside

The VettaFi Fixed Income Symposium’s segment “A Focus on Securitized Debt” saw leaders from DoubleLine and Fidelity Investments join VettaFi Head of Research Todd Rosenbluth to talk about the category’s merits right now. DoubleLine Capital portfolio manager Andrew Hsu and Fidelity Investments securitized manager Franco Castagliuolo joined Rosenbluth to discuss.

Securitized Debt Investing in 2025
The duo pointed to the sheer size of the securitized debt market as an important consideration for investors. Nearing some $10 trillion, they noted, investors have plenty of options therein — including countless offerings not correlated with other fixed income selections.

“You have a very diverse landscape of asset classes that you can actually invest in,” Castagliuolo said. “What I find so fascinating about it is it’s debt that literally impacts all of our lives on a regular basis, right from financing your house to the shopping mall that you’re buying your groceries at to the car that is being bought in your family.”

The category’s ability to provide those differently correlated returns is a key draw, he noted. For Castagliuolo, bond portfolio theory emphasizes that point. In his words, that theory says that asset classes that aren’t perfectly correlated with other assets. Investors can “move out farther on the efficient frontier in terms of quality of returns.”

For Hsu, the key driver for the category comes from its reduced credit risk — in some cases, that risk is nonexistent. Government guarantees, he said, make securitized a low risk category that can still perform.

“The one thing I would say is, why should investors be interested in this space?” Hsu said. “It is a very liquid market. It’s very sizable. Trading is constant, even in the most difficult of times. But despite it not having credit risk, there is spread associated with this asset.”

“So a simplistic way to think about it is, for an investor who’s looking for a safe asset, such as treasuries, they should consider agency securitized products, or agency mortgage backed securities, agency CMBS, because it gives you some of those benefits, liquidity, safety, but also has this excess spread associated with it,” he added.

ETF Opportunities in Securitized
How might that relate, then, to the current market situation? While many investors may initially be revisiting their fixed income allocations because of the Fed’s cut, investors may want to think much longer term, Castagliuolo said.

“Most investors are exposed to two to three hundred Fed meetings over their career,” he said. “Don’t try not to become too obsessed about, are they going to go once or twice this year?”

The category, he added, has about two million securities in it. That far outpaces the five to 10 thousand corporate bonds available to investors, he said. That, and the intense focus provided, speak to the merits of active investing in securitized debt, per Castagliuolo.

Fidelity Investments offers its Fidelity Investment Grade Securitized Debt ETF (FSEC) for a 36 basis point fee. The securitized debt ETF actively invests in securitized debt of any maturity in both residential and commercial categories. The fund has returned 7% YTD, beating both its ETF Database Category and FactSet Segment averages.

Looking ahead, securitized debt could provide a strong medium to long term opportunity set. For those looking to diversify their fixed income portfolio outside of corporates and munis, an ETF like FSEC may intrigue.

For more news, information, and strategy, visit the ETF Investing Content Hub.

1228028.1.0

Earn free CE credits and discover new strategies

By Reuters

October 10, 20253:54 PM UTCUpdated ago

A view shows a Novo Nordisk sign outside their office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, July 14, 2025. REUTERS/Tom Little/File Photo Purchase Licensing Rights, opens new tab

CompaniesOct 10 (Reuters) - Novo Nordisk

(NOVOb.CO), opens new tab has cut its cell therapy division, which has been trying to find a cure for type 1 diabetes, Bloomberg News reported on Friday, citing a statement.

Sign up here.

Reporting by Siddhi Mahatole in Bengaluru; Editing by Shailesh Kuber

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

October 10, 2025 11:57 AM EDT | Source: Magma Silver Corp.
Vancouver, British Columbia--(Newsfile Corp. - October 10, 2025) - Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) (the "Company" or "Magma") announces the grant of 1,850,000 incentive stock options (the "Stock Options") to certain of its directors, officers, consultants, and employees pursuant to the Company's Stock Option Plan. The options are exercisable for a period of five years at CAD$0.20 per share.

About Magma Silver Corp.

Magma Silver Corp. is a natural resources exploration company focused on acquiring, exploring, developing, and operating precious metal mining projects. Listed on the TSV Venture Exchange ("MGMA"), OTCQB ("MAGMF"), and Frankfurt Exchange ("BC21"), the Company's primary focus is on exploring and developing the advanced Niñobamba silver-gold project in the mining-friendly country of Peru. Niñobamba spans an 8 km mineralized corridor in a prolific geological belt of both a high-sulphidation and low-sulfidation epithermal system. Extensive exploration by Newmont Corporation, AngloGold Ashanti Limited, Bear Creek Mining Corporation and Rio Silver, has demonstrated significant resource potential with over CAD$14.5 million invested to date. Magma Silver is advancing its Niñobamba project using modern geological modelling and a strategic development plan. The property has excellent infrastructure, strong relationships with local communities and a regional technical team with over 50 years of mining experience in Peru.

For more information, please visit our website at www.magmasilver.com.

Reader Advisory

This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.'s periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "should," and similar expressions are forward-looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the accuracy of the Newmont internal assessment and the Company's ability to match future results with the Newmont results. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can't make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269994

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

Disclaimer: I am not an investment advisor or professional. This article is my own personal opinion and is not meant to be a recommendation of the purchase or sale of stock. The investments and strategies discussed within this article are solely my personal opinions and commentary on the subject. This article has been written for research and educational purposes only. Anything written in this article does not take into account the reader’s particular investment objectives, financial situation, needs, or personal circumstances and is not intended to be specific to you. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters. Just because something may be an enticing investment for myself or someone else, it may not be the correct investment for you.

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.