Market Signal Briefing

, /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Savara Inc. ("Savara Inc." or the "Company") (NASDAQ: SVRA) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Savara Inc. investors who were adversely affected by alleged securities fraud between March 4, 2024 and May 23, 2025. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/savara-inc-lawsuit-submission-form?prid=171456&wire=4 

SVRA investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) MOLBREEVI BLA, the treatment of pulmonary alveolar proteinosis, lacked sufficient information regarding MOLBREEVI's chemistry, manufacturing, and/or controls; (ii) accordingly, FDA was unlikely to approve the MOLBREEVI BLA in its current form; (iii) foregoing made it unlikely that Savara would complete its submission of the MOLBREEVI BLA within the timeframe it had represented to investors; (iv) delay in MOLBREEVI's regulatory approval increased the likelihood that the Company would need to raise additional capital; and (v) as a result, defendants' public statements were materially false and misleading at all relevant times.

WHAT'S NEXT? If you suffered a loss in Savara Inc. during the relevant time frame, you have until November 7, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected] 
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE Levi & Korsinsky, LLP

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

440k+

Newsrooms &

Influencers

9k+

Digital Media

Outlets

270k+

Journalists

Opted In

, /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Nutex Health Inc. ("Nutex Health Inc." or the "Company") (NASDAQ: NUTX) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Nutex Health Inc. investors who were adversely affected by alleged securities fraud between August 8, 2024 and August 14, 2025. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/nutex-health-inc-lawsuit-submission-form?prid=171451&wire=4

NUTX investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) HaloMD, a third-party IDR vendor, was achieving lucrative arbitration results for Nutex by engaging in a coordinated scheme to defraud insurance companies; (ii) as a result, to the extent that they were the product of fraudulent conduct, revenues attributable to the Company's engagement with HaloMD in the IDR process were unsustainable; (iii) in addition, the Company overstated the extent to which it had remediated, and/or its ability to remediate, the material weaknesses in its internal controls over financial reporting; (iv) as a result, the Company was unable to effectively account for the treatment of certain of its stock based compensation obligations; (v) as a result, Nutex improperly calculated these stock based compensation obligations as equity rather than liabilities; (vi) the foregoing increased the risk that the Company would be unable to timely file certain financial reports with the SEC; (vii) accordingly, Nutex's business and/or financial prospects were overstated; and (viii) as a result, defendants' public statements were materially false and misleading at all relevant times.

WHAT'S NEXT? If you suffered a loss in Nutex Health Inc. during the relevant time frame, you have until October 21, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE Levi & Korsinsky, LLP

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

440k+

Newsrooms &

Influencers

9k+

Digital Media

Outlets

270k+

Journalists

Opted In

, /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Charter Communications, Inc. ("Charter Communications, Inc." or the "Company") (NASDAQ: CHTR) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Charter Communications, Inc. investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all persons and entities who purchased or otherwise acquired Charter securities, purchased call options on Charter common stock, or sold put options on Charter common stock, between July 26, 2024, and July 24, 2025, inclusive. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/charter-communications-inc-lawsuit-submission-form?prid=171447&wire=4

CHTR investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) the impact of the Affordable Connectivity Program (ACP) end was a material event the Company was unable to manage or promptly move beyond; (ii) the ACP end was actually having a sustaining impact on Internet customer declines and revenue; (iii) neither was the Company executing broader operations in a way that would compensate for, or overcome the impact, of the ACP ending; (iv) the Internet customer declines and broader failure of Charter's execution strategy created much greater risks on business plans and earnings growth than reported; (v) accordingly, the Company had no reasonable basis to state the Company was successfully executing operations, managing causes of Internet customer declines, or provide overly optimistic statements about the long term trajectory of the Company and EBITDA growth; and (iv) as a result of the foregoing, defendants materially misled with, and/or lacked a reasonable basis for, their positive statements about the Company's business, operations, outlook during the Class Period.

WHAT'S NEXT? If you suffered a loss in Charter Communications, Inc. during the relevant time frame, you have until October 14, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE Levi & Korsinsky, LLP

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

440k+

Newsrooms &

Influencers

9k+

Digital Media

Outlets

270k+

Journalists

Opted In

, /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in V.F. Corporation ("V.F. Corporation" or the "Company") (NYSE: VFC) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of V.F. Corporation investors who were adversely affected by alleged securities fraud between October 30, 2023 and May 20, 2025. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/v-f-corporation-lawsuit-submission-form?prid=171459&wire=4

VFC investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: According to the complaint, defendants disseminated materially false and misleading statements and/or concealed material adverse facts concerning the true state of VFC's turnaround plans; notably, that additional significant reset actions would be necessary to return the Vans brand to growth, resulting in significant setbacks to Vans' revenue growth trajectory. The truth emerged on May 21, 2025, when VFC reported its fourth quarter and full-year fiscal 2025 results, highlighting a significant decline in Vans' growth trajectory, which faltered from an 8% loss the quarter before to a 20% loss in the fourth quarter, and noting such decline would continue through the next quarter. The Company attributed its results and below-expectation guidance largely as "a direct effect of deliberately reduced revenue to eliminate unprofitable or unproductive businesses" and "an additional set of deliberate actions" already in-place but previously unannounced. VFC further noted that, disregarding these deliberate actions, Vans would still have shown a "high single digit[]" revenue decline, suggesting growth slowed in comparison to the prior years' sequential improvements irrespective of management's new "deliberate actions." On this news, the price of VFC's common stock declined dramatically. From a closing market price of $14.43 per share on May 20, 2025, VFC's stock price fell to $12.15 per share on May 21, 2025, a decline of about 15.8% in the span of just a single day.

WHAT'S NEXT? If you suffered a loss in V.F. Corporation during the relevant time frame, you have until November 12, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE Levi & Korsinsky, LLP

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

440k+

Newsrooms &

Influencers

9k+

Digital Media

Outlets

270k+

Journalists

Opted In

, /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in LifeMD, Inc. ("LifeMD, Inc." or the "Company") (NASDAQ: LFMD) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of LifeMD, Inc. investors who were adversely affected by alleged securities fraud between May 7, 2025 and August 5, 2025. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/lifemd-inc-lawsuit-submission-form?prid=171452&wire=4

LFMD investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) defendants materially overstated LifeMD's competitive position; (2) defendants were reckless in raising LifeMD's 2025 guidance, considering that they had not properly accounted for rising customer acquisition costs in LifeMD's RexMD segment, as well as for customer acquisition costs related to the sale of drugs designed to treat obesity, including Wegovy and Zepbound; and (3) as a result, defendants' statements about LifeMD's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

WHAT'S NEXT? If you suffered a loss in LifeMD, Inc. during the relevant time frame, you have until October 25, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE Levi & Korsinsky, LLP

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

440k+

Newsrooms &

Influencers

9k+

Digital Media

Outlets

270k+

Journalists

Opted In

, /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Snap Inc. ("Snap" or the "Company") (NYSE: SNAP) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Snap investors who were adversely affected by alleged securities fraud between April 29, 2025 and August 5, 2025. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/snap-inc-lawsuit-submission-form-2?prid=171448&wire=4

SNAP investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Snap's advertising revenue growth rate; notably, that, due to Snap's own execution failure, it had significantly declined from 9% in the first quarter to only 1% in April.   On August 5, 2025, Snap announced its financial results for the second quarter of fiscal 2025, disclosing a deceleration in advertising revenue growth. The Company attributed the slowdown to "an issue related to our ad platform, the timing of Ramadan and the effects of the de minimis changes."   Following this news, the price of Snap's common stock declined dramatically. From a closing market price of $9.39 per share on August 5, 2025, Snap's stock price fell to $7.78 per share on August 6, 2025, a decline of about 17.15% in the span of just a single day.

WHAT'S NEXT? If you suffered a loss in Snap during the relevant time frame, you have until October 20, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE Levi & Korsinsky, LLP

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

440k+

Newsrooms &

Influencers

9k+

Digital Media

Outlets

270k+

Journalists

Opted In

, /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in PubMatic, Inc. ("PubMatic, Inc." or the "Company") (NASDAQ: PUBM) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of PubMatic, Inc. investors who were adversely affected by alleged securities fraud between February 27, 2025 and August 11, 2025. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/pubmatic-inc-lawsuit-submission-form?prid=171449&wire=4

PUBM investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) a top demand side platform buyer was shifting a significant number of clients to a new platform which evaluated inventory differently; (2) as a result, PubMatic was seeing a reduction in ad spend and revenue from this top demand side platform buyer; and (3) 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.

WHAT'S NEXT? If you suffered a loss in PubMatic, Inc. during the relevant time frame, you have until October 20, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE Levi & Korsinsky, LLP

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

440k+

Newsrooms &

Influencers

9k+

Digital Media

Outlets

270k+

Journalists

Opted In

, /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in KinderCare Learning Companies, Inc. ("KinderCare Learning Companies, Inc." or the "Company") (NYSE: KLC) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of KinderCare Learning Companies, Inc. investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all purchasers of KinderCare common stock in or traceable to the Company's October 2024 initial public offering Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/kindercare-learning-companies-inc-lawsuit-submission-form?prid=171445&wire=4 

KLC investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (a) numerous incidents of child abuse, neglect, and harm had occurred at KinderCare facilities; (b) KinderCare did not provide the "highest quality care possible" at its facilities, and, indeed, in numerous instances had failed to provide even basic care, meet minimum standards in the child care industry, or comply with the laws and regulations governing the care of children; and (c) as a result of (a)-(b) above, KinderCare was exposed to a material, undisclosed risk of lawsuits, adverse regulatory action, negative publicity, reputational damage, and business loss.

WHAT'S NEXT? If you suffered a loss in KinderCare Learning Companies, Inc. during the relevant time frame, you have until October 14, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004 
[email protected] 
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE Levi & Korsinsky, LLP

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

440k+

Newsrooms &

Influencers

9k+

Digital Media

Outlets

270k+

Journalists

Opted In

OpenAI continues to hit headlines with the partnership momentum. After Oracle and NVIDIA, it is now AMD that has joined forces with the maker of ChatGPT in a multibillion-dollar collaboration.

In July, OpenAI and Oracle entered into an agreement to develop up to 4.5 gigawatts of additional Stargate capacity. In late September, NVIDIA announced that it intends to invest up to $100 billion in OpenAI to build infrastructure and new data centers with a capacity of at least 10 gigawatts of power.

AMD Partnership DetailsAdvanced Micro Devices announced this week that it will supply over 6 gigawatts of GPUs to OpenAI over several years (per Yahoo Finance), starting with its upcoming MI450 chips in the second half of 2026. Under the agreement, AMD also issued OpenAI warrants for up to 160 million shares, roughly 10% of the company. These shares will vest in stages as AMD hits milestones, beginning once the company deploys its first 1 gigawatt of chips.

AMD CEO on AI AmbitionsIn an environment where some market watchers are worrying about the payoff capability of tech companies’ mammoth investments in AI,AMD CEO Lisa Su emphasized that the tech world needs to think bigger about artificial intelligence, as quoted on the above-mentioned Yahoo Finance article. Su believes that bold moves by companies in the AI space will ultimately be rewarded.

OpenAI’s Strategic DealmakingOpenAI’s Altman’s approach to partnerships is truly unique, which smartly brings in chipmaking rivals under the single business roof of OpenAI, per the Yahoo Finance article. This circular strategy positions OpenAI ahead of most private AI companies.

OpenAI also recently sold around $6.6 billion in stock as part of a secondary sale that valued it at roughly $500 billion, according to a source with knowledge of the deal who was not authorized to discuss it publicly, per an AP article, as quoted on Yahoo Finance.

OpenAI’s Future: Bubble or Breakout?Investors should note that despite its growing influence, OpenAI lacks a profitable business history. OpenAI’s Sam Altman, in mid-August, indicated that the artificial intelligence market is in a bubble, according to a report from The Verge, as quoted on CNBC. 

Some believe OpenAI is putting all its eggs in one basket. The Yahoo Finance article explained that unlike Big Tech (most of which have been in the business for years and ruled the tech space with a variety of capabilities), OpenAI doesn’t have any other major sources of revenue.

But then, OpenAI recently launched two diverse business ventures. The first is a partnership with Etsy and Shopify for online shopping through ChatGPT, and the other is a social media app, Sora, for generating and sharing AI videos, per AP News, as quoted on Yahoo Finance. Sora and ChatGPT are the top two apps in the Apple App Store.

What does this mean? Is OpenAI promoting a new trend called chatbot shopping? Is OpenAI trying to cash in on the business streams that Meta’s Instagram, and Alphabet’s YouTube are widely known for? Is OpenAI trying to diversify revenue streams?

Is AI Bubble Worry Exaggerated or Justified? DataTrek co-founder Nicholas Colas recently noted that the massive investments that tech giants are making in AI are still operating within their limits of operating cash flows, as quoted on Yahoo Finance.

Meanwhile, immense AI investments among tech majors repeatedly highlight that the AI boom is here to stay. Not only OpenAI, but also Elon Musk’s xAI is expanding its latest funding round to $20 billion, with NVIDIA among the investors, according to people familiar with the matter, per Bloomberg, as quoted on Yahoo Finance.

Goldman Sachs says it’s too soon to fear a bubble in soaring U.S. tech stocks. Strong earnings, not speculation, are driving the current rally. Valuations are stretched but not at bubble levels, per Bloomberg, as quoted on Yahoo Finance.

ETFs like iShares U.S. Technology ETF (IYW - Free Report) , Fidelity MSCI Information Technology Index ETF (FTEC - Free Report) , First Trust Dow Jones Internet Index Fund (FDN - Free Report) , Global X Artificial Intelligence & Technology ETF (AIQ - Free Report) and iShares Future Exponential Technologies ETF (XT - Free Report) could thus be played on this trend.

Sign InSign UpYour day-ahead look for Oct. 10, 2025
Oct 10, 2025, 11:15 a.m.

Bitcoin volatility about to 'breakout' on Fed rate cut anticipation (Midjourney/Modified by CoinDesk)CoinDesk)

What to know: You are viewing Crypto Daybook Americas, your morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. Crypto Daybook Americas will arrive in your inbox at 7 a.m. ET to kickstart your morning with comprehensive insights. If you're not already subscribed, click here. You won't want to start your day without it.

By Omkar Godbole (All times ET unless indicated otherwise)

It's a tough market to trade as bitcoin's BTC$121,523.94 price swings sharply. Following a late Thursday drop from $123,000 to $120,000, BTC has recovered to trade around $121,400, with privacy coins such as ZEC$227.98 and DASH$20.57 rising sharply. The CoinDesk 20 Index has bounced to 4,178 points from the overnight low of 4,097.

STORY CONTINUES BELOW

BTC's volatility has picked up, likely in expectation of another Fed rate cut later this month.

"Bitcoin volatility is poised for a breakout. Implied volatilities across 14, 30, and 90-day expiries have surged to their highest levels in the past 30 days, pointing to increased anticipation of big moves ahead," Nick Forster, founder of decentralized exchange Derive, said.

Forster added that the so-called vol spike comes as markets price in a near-certain 25 basis point rate cut by the Federal Reserve later this month.

Polymarket bettors price in a 91% chance that the Fed will reduce rates by 25 basis points at the Oct. 28-29 meeting, even as the ongoing government shutdown has delayed key data releases. The central bank cut rates to 25 bps to 4% last month.

In other news, State Street's 2025 Digital Assets Outlook showed that nearly 60% of institutional investors are planning to boost their digital asset exposure in the coming year, with the average exposure expected to double within three years.

Several U.S. Democratic senators reportedly made a counter proposal to the market structure bill, involving a "restricted list" for DeFi protocols deemed too risky. Crypto lawyer Jake Chervinsk said it could derail regulatory progress while undermining the bipartisan support for the Clarity Act seen in the House in July.

Meanwhile, Chainlink launched a Chainlink-grade RPC endpoint for the HyperEVM testnet, providing builders in the @HyperliquidX ecosystem with infrastructure for developers working on innovative solutions like HIP-3, vaults, liquid staking tokens (LSTs), and spot deployment.

In traditional markets, the dollar index continues to hover at two-month highs, as China tightened its grip on rare earth exports, ratcheting up trends ahead of an expected Xi-Trump meeting in South Korea later this month. Stay alert!

What to WatchFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

CryptoNothing scheduled.MacroOct. 10, 8 a.m.: Brazil Aug. PPI YoY (Prev. 1.36%), MoM (Prev. -0.3%).Oct. 10, 8:30 a.m.: Canada Sept. Unemployment Rate Est. 7.2%.Oct. 10, 10 a.m.: Michigan Consumer Sentiment Oct. (Preliminary) Est. 54.2.Earnings (Estimates based on FactSet data)Nothing scheduled.Token EventsFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

Governance votes & callsDecentraland DAO is voting to replace the DAO Committee with a 3-of-5 multisig of ecosystem representatives, shifting execution-only duties while the council retains oversight. Voting ends Oct. 10.UnlocksOct. 10: LINEA$0.02546 to unlock 6.57% of its circulating supply worth $26.73 million.Oct. 11: APT$4.9437 to unlock 2.15% of its circulating supply worth $59.98 million.Oct. 12: ATH$0.05845 to unlock 16.08% of its circulating supply worth $67.7 million.Token LaunchesNo major launches.ConferencesFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

Day 2 of 2: North American Blockchain Summit (Dallas)Token TalkBy Oliver Knight

The recent Chinese memecoin frenzy which sent tokens like GIGGLE, 四, and 哈基米 on PancakeSwap V2 soaring, has abruptly fizzled out.Within 24 hours, many of these assets lost more than 95% of their value, wiping out speculative gains built on hype and social momentum.The crash coincided with a broader memecoin market downturn that Binance founder Changpeng “CZ” Zhao described as a “blood bath,” fueled by FUD and false rumors about token listings.The plunge comes after Binance rolled out its "Meme Rush" platform that was supposed to provide a structured path for tokens before being tradable on various decentralized and centralized exchanges.However, much like how Solana memecoins faded in February following the launch of TRUMP and MELANIA, BNB Chain memes appear to be following the same route to demise.Pancake Swap trading volume has remained inflated at $18 bilion over the past 24 hours, with a handful of newly-launched tokens catching a bid, although it's worth noting that liquidity remains relatively low; with wDerivatives PositioningData from Coinglass shows that many BTC perpetual short positions face the risk of liquidation above $121,600. So, a sustained move above the said level could trigger a short squeeze, leading to a quick rally toward record highs.The market is undergoing a leverage reset, with volatility flushing out excess positioning on both sides, Glassnode said. Still, the overall positioning in the global BTC futures market remains elevated, with open interest just shy of the record 755K BTC.BNB, XRP, ADA, and TRX have seen a drop in futures open interest (OI) in the past 24 hours, indicating capital outflows. BTC's OI has risen by 1%, with ETH up just 0.4%.The XMR market is looking a bit overheated, with annualized funding rates nearing 60%, a sign of frenzied demand for bullish bets. Funding rates for other major tokens, including BTC and ETH, paint a bullish picture, but nothing out of the ordinary.On decentralized exchange Derive, open interest in the Oct. 31 expiry options is concentrated in calls at strikes $128K and $145K, reflecting a bullish bias. ETH options activity is equally bullish, with OI concentrated in $5K and $6K calls.On Deribit, however, the call-put skew for BTC and ETH remains mildly negative across timeframes, reflecting a bias for protective puts. Block flows on Paradigm featured ETH puts and straddles.Market MovementsBTC is up 0.17% from 4 p.m. ET Thursday at $121,389.27 (24hrs: -0.59%)ETH is down 0.37% at $4,323.41 (24hrs: -0.54%)CoinDesk 20 is up 0.4% at 4,162.46 (24hrs: +0.02%)Ether CESR Composite Staking Rate is up 1 bp at 2.86%BTC funding rate is at 0.0045% (4.8968% annualized) on BinanceDXY is down 0.24% at 99.29Gold futures are up 1.00% at $4,012.20Silver futures are up 2.45% at $48.31Nikkei 225 closed down 1.01% at 48,088.80Hang Seng closed down 1.73% at 26,290.32FTSE is down 0.14% at 9,495.88Euro Stoxx 50 is unchanged at 5,627.22DJIA closed on Thursday down 0.52% at 46,358.42S&P 500 closed down 0.28% at 6,735.11Nasdaq Composite closed unchanged at 23,024.62S&P/TSX Composite closed down 0.76% at 30,269.98S&P 40 Latin America closed down 0.51% at 2,858.54U.S. 10-Year Treasury rate is down 3.5 bps at 4.113%E-mini S&P 500 futures are unchanged at 6,785.00E-mini Nasdaq-100 futures are up 0.1% at 25,313.50E-mini Dow Jones Industrial Average Index are up 0.11% at 46,643.00Bitcoin StatsBTC Dominance: 59.36% (unchanged)Ether to bitcoin ratio: 0.03563 (-0.75%)Hashrate (seven-day moving average): 997 EH/sHashprice (spot): $51.21Total Fees: 3.79 BTC / $462,241CME Futures Open Interest: 147,025 BTCBTC priced in gold: 30.4 ozBTC vs gold market cap: 8.59%Technical Analysis

BTC's dominance rate. (TradingView)

BTC's dominance rate, or its share in the total market cap, is looking to establish a new uptrend, having risen from 57% to over 59% in two weeks. The increase indicates that capital is again flowing into the market leader. In other words, the altcoin season is still not here. Crypto EquitiesCoinbase Global (COIN): closed on Thursday at $387 (-0.07%), -0.22% at $386.15Circle Internet (CRCL): closed at $150.48 (+0.01%), -0.19% at $150.19Galaxy Digital (GLXY): closed at $42.22 (+2.01%), +2.08% at $43.10Bullish (BLSH): closed at $66.71 (-1.04%), +0.13% at $66.80MARA Holdings (MARA): closed at $20.2 (0%), +1.53% at $20.51Riot Platforms (RIOT): closed at $22.28 (+1.32%), +0.4% at $22.37Core Scientific (CORZ): closed at $18.04 (+2.91%), +1.16% at $18.25CleanSpark (CLSK): closed at $20.09 (+5.85%), +4.03% at $20.90CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $57.57 (+3.95%), +3.42% at $59.54Exodus Movement (EXOD): closed at $29.67 (-1.33%), +1.08% at $29.99Crypto Treasury Companies

Strategy (MSTR): closed at $320.29 (-3.18%), +0.53% at $322.00Semler Scientific (SMLR): closed at $28.32 (+0.43%)SharpLink Gaming (SBET): closed at $16.95 (-3.53%), -1.47% at $16.70Upexi (UPXI): closed at $6.85 (-4.46%), -0.44% at $6.82Lite Strategy (LITS): closed at $2.54 (+1.6%), +11.42% at $2.83ETF FlowsSpot BTC ETFs

Daily net flow: $197.8 millionCumulative net flows: $62.73 billionTotal BTC holdings ~ 1.36 millionSpot ETH ETFs

Daily net flow: -$8.7 millionCumulative net flows: $15.1 billionTotal ETH holdings ~ 6.89 millionSource: Farside Investors

While You Were Sleeping‘Bitcoin Is Not an Asset Class’: UK’s Biggest Investment Platform Has a Stark Warning for Investors (CNBC): Hargreaves Lansdown warned bitcoin’s volatility, lack of intrinsic value and unpredictable performance make it unsuitable for portfolios, even as the U.K.'s financial regulator gives retail investors access to crypto ETNs.Bitcoin Implied Volatility Reaches 2.5-Month High as Seasonal Strength Kicks In (CoinDesk): Bitcoin implied volatility index, which represents the annualized expected price turbulence over four weeks, surged above 42, mirroring similar seasonal spikes seen in October 2023 and 2024.Monero Releases Privacy Boost Against Sneaky Network Nodes (CoinDesk): The "Fluorine Fermi" upgrade changes how nodes choose peers, preventing multiple connections within the same IP subnet and making it harder for malicious clusters to trace transaction activity.Hyperliquid Introduces 'Based Streams,' a DEX-Powered Live Streaming Platform (CoinDesk): The livestreaming feature lets creators broadcast trades, accept token donations and reward viewers via the decentralized perpetual swaps exchange's Hypercore protocol.Ray Dalio Warns of Soaring Debt and 'Civil War' Brewing in US (Bloomberg): The Bridgewater Associates founder urged Congress to pair tax hikes with spending cuts to curb ballooning national debt, while also citing wealth inequality and geopolitical tensions as major concerns.More For You

BTC Erases Wednesday's Spike, JPM Warns of Stock Crash: Crypto Daybook Americas

Oct 9, 2025

Your day-ahead look for Oct. 9, 2025

What to know:

You are viewing Crypto Daybook Americas, your morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. Crypto Daybook Americas will arrive in your inbox at 7 a.m. ET to kickstart your morning with comprehensive insights. If you're not already subscribed, click here. You won't want to start your day without it.

Read full story

Top Stories

IREN stands out with 3 GW of power capacity, 23,300 GPUs, and a $500 million AI cloud revenue run-rate by early 2026, the analysts said.

Published
17 minutes ago on
October 10, 2025

It may be a little early for breakouts among the altcoins, given that the Bitcoin bulls and bears are still deciding whether the price has made a local bottom. That said, the Near Protocol (NEAR) price spiked as much as 9.3% on Friday morning, while Chainlink (LINK) is back in the breakout zone.

$NEAR price spike takes it to resistance and possible breakout

Source: TradingView

A big price spike from $NEAR has put this crypto up against horizontal resistance and close to the descending trendline. However, the Stochastic RSI indicators are starting to top out, while volume would need to increase if a successful breakout is to occur.

Horizontal resistance is key for $NEAR bulls

Source: TradingView

The weekly time frame for the $NEAR price reveals that it is very much an open and shut case. The strong horizontal resistance level at $3.13 is key to everything. If the bulls can break through this and confirm above, then the last stage of the crypto bull market is very much on for $NEAR.

A W pattern may still be in formation, with the neckline at the horizontal resistance level. 

At the bottom of the chart, the Stochastic RSI indicators are going to need to turn back around. If they can do this, it could provide the momentum for the breakout.

Breakout not quite yet for $LINK?

Source: TradingView

The short-term time frame for $LINK shows that the price is right up against the top trendline of the channel again. However, just as is the case for $NEAR, the Stochastic RSI indicators are showing signs of topping out soon, while the volume profile is still decreasing. This is not exhibiting the confidence for a breakout.

It might be more likely that the price is rejected from the trendline once again. This would allow the momentum to reset before another, perhaps more successful attempt at a breakout.

$LINK bull flag breakout as soon as next week

Source: TradingView

In the weekly time frame things look very interesting for the $LINK price. A big rise from June until August 2025 ended with a long sideways and downwards consolidation phase, which looks very much like a bull flag. Given that the $LINK price is right up against that top trendline, and that there are only a couple of days left in the week, a breakout for next week is quite likely. 

Look for the Stochastic RSI indicators to start turning sideways and then up at the 50.00 level. Also, the volume bars would start to increase in size.

One major factor to take into account when backing either $NEAR or $LINK is the status of $BTC. These altcoins are only going to breakout if $BTC leads. Keep a very close eye on the $BTC price over the rest of this week.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A large cryptocurrency investor who surfaced two months ago with about $11 billion worth of Bitcoin has opened almost $900 million in short positions against Bitcoin and Ether, signaling expectations of a market correction despite widespread optimism for October.

The whale returned to trading on Thursday with a $360 million Bitcoin (BTC) transfer that piqued the interest of cryptocurrency investors, Cointelegraph reported.

On Friday, the whale opened a $600 million 8x leveraged short position on Bitcoin and a leveraged short worth over $300 million on Ether (ETH), according to blockchain data platform Onchain Lens.

The massive short bets signal the whale’s confidence in an incoming correction, but the thesis stands to be invalidated if Bitcoin’s price rises above $133,760, their liquidation threshold.

Source: Onchain LensThe whale also opened a $330 million 12-times leveraged short position on Ether, with a liquidation price of $4,613. The position showed an unrealized profit of $2.6 million at the time of writing, according to blockchain data shared by Lookonchain on Friday.

Source: LookonchainThe whale’s short bets may inspire more large investors to follow suit and bet on the price decline of the leading cryptocurrencies.

Back in August, nine whale addresses acquired a cumulative $456 million worth of Ether, after the $11 billion Bitcoin whale rotated $5 billion of his Bitcoin into ETH.

Large-scale selling from previously dormant Bitcoin whales was among the main factors limiting Bitcoin’s price action in August, according to analyst and early Bitcoin adopter Willy Woo.

Bitcoin correction caused by smaller cohorts, not whalesBitcoin set a new all-time high above $125,700 on Sunday, before retracing to trade above $121,350 at the time of writing, according to Cointelegraph data.

The majority of the selling pressure didn’t come from large investors, but smaller wallet cohorts, including 603 Bitcoin sold by shrimp addresses, 2,260 Bitcoin sold by crabs and 3,860 BTC sold by fish addresses, according to blockchain insights platform CryptoQuant’s Thursday X post.

Source: CryptoQuantThe shrimp cohort refers to retail investor addresses with less than 1 Bitcoin. Crab addresses hold up to 10 Bitcoin, while fish addresses hold between 50 to 100 BTC.

Most cryptocurrency traders are also positioning for a short-term decline in the crypto market.

Long vs short trades on exchanges. Source: coinAnk.comOver 52% of Bitcoin holders across all exchanges are currently short, meaning that they are betting on Bitcoin’s price decline, while 47% remain long, according to blockchain data from CoinAnk.

About 51% of Ether traders have also shorted the world’s second-largest cryptocurrency, expecting a decline.

Magazine: Bitcoin mining industry ‘going to be dead in 2 years’ — Bit Digital CEO

Grayscale revises its Solana Trust S-1/A filing with the SEC, adjusting its fee to 0.35% after market close.

A Hyperliquid user lost about $21 million after a private key leak, with the attacker bridging stolen funds to Ethereum shortly after, per onchain data.

‘Distribution Is the Key’: BNB’s 129% Rally Mirrors Solana’s 2024 SurgeThe recent surge in BNB's price appears to be driven by Binance's scale and user reach, with $14.8 billion in inflows last quarter. Oct 10, 2025, 11:42 a.m.

The native token of the BNB Chain, BNB, is down more than 2.5% in the last 24 hours, continuing its slide from a new all-time high above $1,300 registered earlier this week.

BNB rose 129% over the past year, outpacing both bitcoin and ether, as renewed momentum in the BNB Chain ecosystem kicked off a new wave of capital rotation.

STORY CONTINUES BELOW

Trading volatility remains high, with the token swinging within a $62 range from Oct. 9–10 before closing at $1,250, according to CoinDesk Research's technical analysis model.

Jack O'Holleran, CEO of SKALE Labs, told CoinDesk the recent surge appears to be driven by Binance’s scale and user reach rather than hype.

“We're in a phase of the cycle that's focused on reach over tech,” he said. “Distribution is the key factor driving growth right now. That reach advantage is translating directly into adoption, with $14.8 billion in inflows last quarter and BNB Chain activity surging.”

Jasper De Maere, a strategist at Wintermute, compared the current rally to Solana’s late-2024 cycle in a statement to CoinDesk, where price gains in a layer-1’s base token triggered a wave of liquidity across the ecosystem.

“BNB’s rally, fueled by gas-fee cuts, RWA incentives, and liquidity programs, ignited a wave of on-chain activity as capital rotated into yield and meme sectors, CAKE, HENA, HONEY, and MANTA among the main beneficiaries,” he wrote.

The pattern follows what De Maere calls the "L1 wealth effect,” when rising token prices drive USD gains that are reinvested into surrounding protocols.

“As long as BNB prices hold near highs and bridged capital doesn’t leave, recycling will continue, liquidity will simply rotate between sectors (memes → DeFi → yield) instead of exiting the chain,” he added. “Only when outflows accelerate or confidence breaks does the loop truly end.”

Still, signs of exhaustion could emerge if stablecoin balances fall or capital starts flowing out of BNB Chain. For now, the ecosystem appears to be recycling wealth internally, echoing Solana’s earlier trajectory.

“The wealth effect doesn’t die when volumes slow; it ends when money leaves,” De Maere concluded.

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

Analysis: Market Is Undervaluing the Possibility Cardano (ADA) ETF Is Delayed Until 2026

1 hour ago

With the SEC running on skeleton staff during the prolonged U.S. government shutdown, crypto ETF reviews are effectively frozen. A weeks-long pause could push Cardano’s long-awaited ETF decision past its 2025 deadline and into the new year.

What to know:

The SEC's fast-track approval process for altcoin ETFs could be stymied by a potential government shutdown, affecting applications like Cardano's.Polymarket bettors currently predict a 36% chance of a month-long government shutdown, which could stall ETF approvals until 2026.With limited SEC staff during a shutdown, the backlog of crypto ETF applications may not clear before the end of the year.Read full story

TL;DR

Litecoin has surged to $130.40 with an 11.66% gain in just 24 hours, driven by growing institutional interest.
Daily trading volume has surpassed $2.1 billion and the market cap sits just under $10 billion, signaling strong capital rotation.
If spot ETFs gain approval, analysts are projecting a bullish range between $350 and $400, putting Litecoin back in the spotlight for traders seeking legacy altcoins.

Litecoin has reclaimed ground after climbing from $115 to above $130, now retesting levels unseen since late 2024. On-chain data shows a 15% increase in large wallet accumulation and a 170% surge in daily trading volume, now reaching $2.1 billion. The market cap of $9.96 billion highlights that the asset is back on the radar for investors rotating profits from higher-cap coins. Analysts note that renewed interest is attracting both retail and institutional buyers, creating a broader foundation for potential long-term growth.

Renewed institutional inflows and active speculation have boosted momentum. The Litecoin Foundation reported over three million transactions processed in just two weeks, showing tangible network activity. Traders view this combination of strong on-chain metrics and renewed demand as a potential springboard for further gains. Additional network improvements and consistent miner activity continue to support confidence in Litecoin as a reliable altcoin choice.

Institutional Momentum Builds
Market sentiment is being driven by the imminent regulatory decision on spot Litecoin ETFs, expected once full U.S. government operations resume. Bloomberg analysts James Seyffart and Eric Balchunas point out that Canary Capital filings include the final details typically seen right before approval, further raising expectations.

ETF speculation aligns with a more positive tone from the Federal Reserve, encouraging risk-on positioning across digital assets. Some corporate treasuries are reportedly considering exposure to established altcoins, with Litecoin standing out for its consistent uptime and transaction volume. Combined with favorable macroeconomic conditions, these factors are reinforcing confidence in LTC as a strategic investment option.

Price Targets And Market Outlook
To sustain momentum, Litecoin needs to break above $140 and turn that level into a strong support zone, allowing for continued accumulation. Surpassing $200 could trigger technical buying that pushes toward $350 and eventually toward $400, following projections from multiple analysts. The all-time high of $412, reached in May 2021, remains a critical psychological level.

The 24-hour gain of 11.66% and surge in volume suggest this is not just a short-lived spike. Legacy altcoins are returning to focus as profits from Bitcoin rotate into assets with lower perceived downside and strong ETF potential. If regulatory signals align with market expectations, Litecoin’s next major test could arrive sooner rather than later.

Fri, 10/10/2025 - 11:47

This morning on crypto market, all focus is on ​"Bitcoin Jesus," as Roger Ver granted US pardon, while XRP hits 3,192% in liquidation imbalance and anonymous Bitcoin whale opens brutal $600 million short position

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.

This morning on the crypto market, all focus is on "Bitcoin Jesus" Roger Ver as reports surface that he has been granted a U.S. pardon in exchange for a $48 million settlement with the Department of Justice. 

At the same time, XRP traders woke up to a brutal 3,192% liquidation imbalance, with long positions absolutely "rekt" again, leaving open interest in tatters and reminding everyone once again why leverage on XRP is more like a lottery ticket than a trade.

And just to add fuel to an already chaotic morning, an anonymous Bitcoin OG whale has opened a $600 million short against BTC, using massive leverage. Will the market run him over or prove him right?

HOT Stories

Bitcoin price under $600 million whale’s shadowBitcoin trades at just above $121,000, drifting sideways after rejecting $124,000-$126,000 , but traders are nervous because of a whale, who has made the entire market his shadow.

This address, already infamous for flipping $5 billion from BTC into ETH earlier this year, has doubled down on bearishness. It loaded up on a $332 million ETH short at 12x leverage, staked with $30 million USDC as margin and then expanded its Bitcoin short to $607 million, increasing leverage from 6x to 8x. This position equals 5,000 BTC at an average entry of $120,761, with liquidation at $133,760. 

Bitcoin Price by CoinMarketCapFor now, though, the whale's presence keeps the market split — retail longs are nervously looking at funding rates, while institutional desks are whispering about whether this is a calculated hedge or just suicidal risk.

Figure of the day: "Bitcoin Jesus" Roger Ver Back in headlinesThe figure of the day is unmistakably Roger Ver. Known globally as “Bitcoin Jesus” for his relentless evangelism during the early adoption years, Ver later became the face of Bitcoin Cash after the 2017 fork and positioned himself as a challenger to Bitcoin’s dominance.

For years he was in regulatory obscurity, which kept him away from the U.S., but that is about to change as Ver has reportedly cut a deal with authorities to settle allegations of tax evasion, agreeing to pay $48 million.

Some people see this as vindication and think it is better to just write the check and move on. Others, though, see it as a collapse of his radical stance, which Ver had previously defended.

XRP traders face 3,192% bloodbathThe chart of the day is not Bitcoin; it is XRP, and not the price chart. In just four hours, the liquidation imbalance spiked by 3,192%, leaving almost every long trader on the wrong side of the book. Data shows $187,940 liquidated in total, with longs making up $182,230 of that versus just $5,700 shorts. 

This means that bulls were the ones taking all the pain, as they found out again that the XRP derivatives market is a minefield, where liquidity disappears instantly and even small moves lead to liquidations.

Source: CoinGlassWhen positioning becomes too one-sided, the first reversal wipes everyone out, leaving only the most savvy investors to snap up cheap bids. For contrarian players, this kind of situation can present an opportunity, but for most retail traders, it was nothing short of a massacre.

Until XRP reclaims the $3.00-$3.10 range, the scars of this imbalance will continue to affect sentiment.

Evening outlookBitcoin (BTC): Support sits near $120,000, resistance at $123,000. A squeeze above $126,000 could liquidate oversized shorts and trigger a fast rally.Ethereum (ETH): With -$8.5 million ETF outflows and a fresh whale short, ETH faces heavier downside pressure. The $2,940 support is critical.XRP: After the 3,192% liquidation spike, reclaiming $3.10 would offer relief. Traders should watch liquidation clusters for fresh positioning traps.Solana (SOL) & Mantle (MNT): Despite >$1.7 million liquidations each, both tokens held green, suggesting strong underlying demand.Macro: Focus shifts to the U.S. session where fresh ETF flow numbers and whale positioning could decide whether BTC stays range-bound or breaks violently.

Related articles

Global central banks have been increasing their gold reserves over the past few years in a trend that may have major implications for Bitcoin, according to a recent report from Deutsche Bank.

Gold’s share of central bank reserves reached 24% in the second quarter of the year, its highest share since the 1990s, Deutsche Bank strategists reported Thursday.

With official demand for gold running at twice the pace of the 2011–2021 average, some Deutsche Bank analysts see growing parallels between gold and Bitcoin (BTC), which has seen a record-breaking performance in 2025.

The renewed gold accumulation marks a significant shift in global finance, echoing behavior seen for much of the 20th century, Deutsche Bank strategists wrote, highlighting that Bitcoin’s momentum shares many of the same dynamics.

Gold reclaims inflation-adjusted highsAlthough gold has been parabolically breaking new highs in terms of fiat money, the asset has only recently exceeded its inflation-adjusted all-time highs (ATH) from 1980.

“It’s only in recent weeks that gold has finally surpassed its real-adjusted all-time highs from around this point 45 years ago,” Deutsche Bank’s strategists wrote.

Composition of global official reserve assets (at market price). Source: Deutsche BankAmong the key reasons for such a long delay in gold’s inflation-adjusted ATH, Deutsche Bank cited decades of central bank selling, forced institutional gold sell-off and the rise of the fiat currency era.

“Gold’s formal role as a reserve asset ended in 1979, when the IMF [International Monetary Fund] prohibited members from pegging exchange rates to gold — eight years after the collapse of Bretton Woods,” Deutsche Bank analysts said.

What makes Bitcoin a reserve candidate?Amid gold breaking new historic highs in inflation-adjusted terms, Deutsche Bank’s macro strategist Marion Laboure highlighted a set of parallels between the assets, potentially making Bitcoin an appealing store of value.

In a report titled “Gold’s reign, Bitcoin’s rise,” Laboure observed significant similarities in performance trajectories between the two assets since their inception.

Bitcoin vs gold 30-day volatility. Source: Deutsche BankAnother notable parallel is that both gold and Bitcoin have experienced high volatility and periods of underperformance, the strategist noted.

Additionally, Laboure said both gold and Bitcoin have low correlation with traditional assets, providing notable diversification benefits.

Prediction: Bitcoin and gold to join central bank reserves by 2030On Bitcoin’s potential as a central bank reserve asset, Laboure pointed to its high volatility and being “backed by nothing” as key counterarguments.

“Volatility, however, has now fallen to historic lows,” she added, while noting additional concerns, including limited usage, perceived risk, speculative nature, cyber vulnerabilities and liquidity constraints.

Despite these issues, Laboure suggested that Bitcoin and gold “may both feature on central bank balance sheets by 2030,” pointing to their shared characteristics, including their role as “safe-haven” assets.

Deutsche Bank’s macro strategist Marion Laboure predicted that Bitcoin and gold may both feature on central bank sheets by 2030. Source: Deutsche BankLaboure’s perspective on Bitcoin and gold comes amid growing institutional BTC adoption and increasing interest from some governments in holding Bitcoin as part of their strategic reserves.

However, Bitcoin’s volatility remains a major concern for many central bankers, whose primary objective is to preserve the value of their reserve assets.

Magazine: US risks being ‘front run’ on Bitcoin reserve by other nations: Samson Mow

As the market enters a period of uncertainty after a bullish start to the week, the Dogecoin price has slipped back into a consolidation trend once again. This represents the slowdown brought about by profit-taking as investors secure their position. However, this does not mean that the favor has fallen back to the bears. In fact, the Dogecoin price remains in a bullish position, and as long as key factors continue to hold, then the meme coin could see a colorful breakout rally from here.

The Broadening Wedge And What It Means
Pseudonymous crypto analyst Gandalf Crypto took to the X (formerly Twitter) platform to share some interesting things about the Dogecoin price action. The price has so far been characterized by higher highs and lower lows, not suggesting a particular direction. But just shows that volatility is becoming higher and higher. This could lead to wild fluctuations in the Dogecoin price.

Nevertheless, the fact that the altcoin continues to trade inside a Broadening Wedge pattern is worth noting. As is the case with a broadening wedge pattern, the direction in which the price breaks could determine whether the rally would continue or if the price decline would deepen.

In the case of a breakout of the upper trendline toward $0.28, it would signal that the bulls will continue to push the Dogecoin price higher. However, on the flip side, there is the possibility that the price breaks below the lower trendline and makes its way toward $0.2. In that case, a deeper correction will be expected.

Source: X
Key Things To Watch Out For With The Dogecoin Price
As the crypto analyst explains, the Dogecoin price is now nearing its resolution point within the Broadening Wedge pattern. At this junction, there are a number of things to watch that could serve as confirmation for which direction will likely play out.

The first of these is in the case of a breakout, and that is the upper trendline, as already outlined above. This break would signal a bullish continuation, but it would need to be supported by adequate volume to maintain this path.

Without volume, momentum struggles and could end up falling back down. But as long as the volume follows the breakout, it could lead to a Wave 7 after the completion of the Wave 6. The target for this would lie above $0.34.

The more bearish path is in the case where the price completely breaks all three supports from $0.24 all the way down to $0.22. This would invalidate the entire bullish thesis, putting the bears in charge once more.

DOGE pushes for local highs | Source: DOGEUSDT on TradingView.com
Featured image from Dall.E, chart from TradingView.com

Bitcoin’s rebound from overnight lows has reignited bullish sentiment across crypto markets, with institutional inflows and leveraged positioning pointing to potential upside. Oct 10, 2025, 12:00 p.m.

Bitcoin has bounced to over $121,000 from overnight lows under $120,000 alongside sharp gains in privacy coins such as ZEC and DASH.

Traders on decentralized exchanges continued to lean bullish, preferring out-of-the-money higher strike BTC and ETH calls. Most analysts retained constructive bias.

STORY CONTINUES BELOW

"The market is coiling at elevated levels, calm, liquid, and quietly bullish. Institutional flows remain the backbone of this phase, with ETFs acting as the liquidity bridge between traditional and digital finance. Despite short-term chop, the macro liquidity wave, corporate adoption, and structural inflows all argue for continuation," Timothy Misir, head of research at BRN, said.

Derivatives PositioningBy Omkar Godbole

Data from Coinglass shows that many BTC perpetual short positions face the risk of liquidation above $121,600. So, a sustained move above the said level could trigger a short squeeze, leading to a quick rally toward record highs.The market is undergoing a leverage reset, with volatility flushing out excess positioning on both sides, Glassnode said. Still, the overall positioning in the global BTC futures market remains elevated, with open interest just shy of the record 755K BTC.BNB, XRP, ADA, and TRX have seen a drop in futures open interest (OI) in the past 24 hours, indicating capital outflows. BTC's OI has risen by 1%, with ETH up just 0.4%.The XMR market is looking a bit overheated, with annualized funding rates nearing 60%, a sign of frenzied demand for bullish bets. Funding rates for other major tokens, including BTC and ETH, paint a bullish picture, but nothing out of the ordinary.On decentralized exchange Derive, open interest in the Oct. 31 expiry options is concentrated in calls at strikes $128K and $145K, reflecting a bullish bias. ETH options activity is equally bullish, with OI concentrated in $5K and $6K calls.On Deribit, however, the call-put skew for BTC and ETH remains mildly negative across timeframes, reflecting a bias for protective puts. Block flows on Paradigm featured ETH puts and straddles.Token TalkBy Oliver Knight

The recent Chinese memecoin frenzy which sent tokens like GIGGLE, 四, and 哈基米 on PancakeSwap V2 soaring, has abruptly fizzled out.Within 24 hours, many of these assets lost more than 95% of their value, wiping out speculative gains built on hype and social momentum.The crash coincided with a broader memecoin market downturn that Binance founder Changpeng “CZ” Zhao described as a “blood bath,” fueled by FUD and false rumors about token listings.The plunge comes after Binance rolled out its "Meme Rush" platform that was supposed to provide a structured path for tokens before being tradable on various decentralized and centralized exchanges.However, much like how Solana memecoins faded in February following the launch of TRUMP and MELANIA, BNB Chain memes appear to be following the same route to demise.Pancake Swap trading volume has remained inflated at $18 bilion over the past 24 hours, with a handful of newly-launched tokens catching a bid, although it's worth noting that liquidity remains relatively low; with wrapped bnb (WBNB) having just $35 million worth of liquidity compared to a fully diluted value of $1.6 billion.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

‘Distribution Is the Key’: BNB’s 129% Rally Mirrors Solana’s 2024 Surge

22 minutes ago

The recent surge in BNB's price appears to be driven by Binance's scale and user reach, with $14.8 billion in inflows last quarter.

What to know:

BNB has dropped over 2.5% in 24 hours, correcting from a new all-time high above $1,300, amid high trading volatility and a surge in on-chain activity.The recent surge in BNB's price appears to be driven by Binance's scale and user reach, with $14.8 billion in inflows last quarter.The BNB Chain ecosystem is experiencing a "wealth effect" where rising token prices drive capital rotation into surrounding protocols, echoing Solana's earlier trajectory.Read full story

XRP Faces Pressure Amid Whale Panic and ETF Delays — $2.88 Remains the Key Level to WatchAccording to crypto enthusiast Royalityworld, XRP’s recent downturn underscores a mix of technical weakness, large-holder panic, and delays in ETF progress, a combination that’s shaken short-term investor confidence while spotlighting critical support near the $2.70–$2.80 zone.

Source: RoyalityworldXRP, long viewed as a leading candidate for institutional adoption in the payments sector, has seen its momentum stall in recent weeks. The token’s decline comes amid broader uncertainty across the altcoin market, with profit-taking by whales, large investors who control substantial token supplies, intensifying selling pressure. 

Royalityworld suggests that this “whale-driven panic” amplified XRP’s drop, triggering stop-loss cascades and liquidations on leveraged positions.

From a technical perspective, XRP’s chart shows clear signs of a breakdown after losing key moving averages and slipping below its bullish channel. 

Short-term sentiment has turned bearish, but analysts point to the $2.70–$2.80 range as a critical on-chain accumulation zone where long-term holders are defending positions. 

Meanwhile, stabilized wallet activity suggests selling pressure may be easing, hinting that the worst of the correction could be over.

Adding to the uncertainty is the stalled progress on XRP ETF developments. After early-year optimism over potential approvals, the silence from regulators has left investors cautious. 

According to Royalityworld, this stagnation has dampened sentiment, with traders now waiting for regulatory clarity that could revive institutional interest and fuel XRP’s next major rally.

Despite recent volatility, analysts remain cautiously optimistic. Royalityworld identifies $2.88 as the pivotal level for a potential reversal, a decisive breakout above it could reignite bullish momentum and restore XRP’s broader uptrend.

Ripple Formally Integrated into the Eurosystem via Strategic Partnership with SIAAccording to renowned crypto observer SMQKE, Ripple has been formally integrated into the Eurosystem through its strategic partnership with SIA, an Italian payment infrastructure provider known for connecting Europe’s major banks and central institutions. 

Therefore, this development marks a significant milestone for Ripple, positioning it at the heart of Europe’s digital finance infrastructure.

SIA, now part of Nexi Group, runs one of Europe’s most advanced and secure financial networks, connecting banks, payment processors, and central banks through real-time infrastructure. 

By integrating Ripple’s blockchain-powered settlement technology, this network gains the potential to deliver faster, cheaper, and more transparent cross-border payments across the Eurozone, embedding Ripple directly into the core of Europe’s financial system.

SMQKE emphasized that this integration marks more than just a partnership, it signifies Ripple’s official entry into the Eurosystem, which includes the European Central Bank and national central banks across the Eurozone. 

Through SIA’s extensive network, Ripple gains direct access to major European financial institutions, positioning the XRP Ledger for institutional adoption within regulated payment infrastructure.

ConclusionXRP’s recent downturn underscores the fragile interplay between sentiment, technicals, and institutional momentum. Whale-driven selloffs and stalled ETF progress have clouded near-term outlooks, yet strong on-chain support at $2.70–$2.80 reflects enduring investor confidence. 

The $2.88 mark now serves as a pivotal psychological and technical barrier, its reclaim could reignite bullish momentum and transform fear into renewed optimism.

Ripple’s integration into the Eurosystem via SIA marks a strategic breakthrough for blockchain adoption in regulated finance. By linking the XRP Ledger to one of Europe’s core payment infrastructures, Ripple positions itself at the crossroads of traditional banking and digital settlement innovation. 

Therefore, this move strengthens its institutional credibility while signaling Europe’s growing embrace of blockchain technology within its financial framework.

By Reuters

October 10, 202510:54 AM UTCUpdated ago

Item 1 of 2 Children playground miniatures are seen in front of displayed Snapchat logo in this illustration taken April 4, 2023. REUTERS/Dado Ruvic/Illustration

[1/2]Children playground miniatures are seen in front of displayed Snapchat logo in this illustration taken April 4, 2023. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

BRUSSELS, Oct 10 (Reuters) - The European Commission is scrutinising safeguards for minors on Snapchat, YouTube, the Apple App Store and Google Play under its Digital Services Act, it said on Friday.

Sign up here.

Reporting by Charlotte Van Campenhout, Editing by Benoit Van Overstraeten

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

Former PM Rishi Sunak has been hired by tech giant Microsoft.

The ex-Tory leader, who remains an MP in parliament, has joined the Seattle-based tech firm as a paid part-time senior adviser and will give the company "high-level strategic perspectives on macro-economic and geopolitical trends" as well as how these "intersect with innovation, regulation and digital transformation".

He will be donating his salary to his and his wife, Akshata Murty's, numeracy skills charity, The Richmond Project.

Acoba, the watchdog that assesses external jobs for MPs, has said Sunak will not be advising on UK policy matters.

Please use Chrome browser for a more accessible video player

Hunger strikers want end to 'superhuman' AI

The Advisory Committee on Business Appointments has in the past been accused of being toothless and unable to prevent MPs from taking employment that could cause a conflict of interest, or allow former parliamentarians to use contacts made in government for personal use.

Sunak was prime minister between October 2022 and July 2024.

It was thought he could be eyeing a job in Silicon Valley, California, after his general election defeat.

But in his final prime minister's questions appearance as Conservative leader, Sunak vowed to spend more time "in the greatest place on Earth", referring to his Richmond and Northallerton constituency.

Please use Chrome browser for a more accessible video player

Nvidia CEO on global AI race

He added: "If anyone needs me, I will be in Yorkshire."

Acoba has warned Sunak that he shouldn't provide advice to or on behalf of Microsoft on government work or its contracts until later next year.

Read more on Sky News:
AI 'distorting women online'
Pros and cons of digital IDs
Impact of new online safety rules

The former chancellor has also been asked not to lobby the government or make use of his Whitehall contacts during that time, and to limit his work to "providing advice on strategy, macro-economic and geopolitical matters that do not conflict" with his activities in Number 10.

The Cabinet Office told the watchdog that Sunak's year on the Tory backbenches "will have helped to diminish the salience and currency of the information" he had access to.

Sunak has also taken on a role at San Francisco-based Anthropic, which developed the Claude artificial intelligence (AI) models.

He has also become a senior adviser to Goldman Sachs since leaving office, where he previously worked between 2001 and 2004.

, /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers today announced it will release financial results for the three and nine months ended September 30, 2025, on the morning of Wednesday, October 29, 2025.  

An investor presentation and earnings press release will be accessible beginning the morning of October 29, 2025, in the Investors section of the Penske Automotive Group website at www.penskeautomotive.com.

A conference call and audio webcast to discuss these results will be held later that day as follows:

WHEN:           

Wednesday, October 29, 2025

TIME:             

2:00 PM Eastern Daylight Time

WEBCAST: 

To access the live webcast of the conference call, please visit

https://events.q4inc.com/attendee/569127626

Note:  Listeners should access the webcast 10-15 minutes before the call begins

PHONE:         

United States, please dial (800) 715-9871 (Conf. ID: 9658297)

International, please dial (646) 307-1963  (Conf. ID: 9658297)

Note:  Callers should dial-in approximately 10-15 minutes before the call begins

REPLAY:     

A webcast replay of the conference call will be available for 7 days beginning at
approximately 5:00 PM on the day of the call.  To access the webcast replay, please visit
https://investors.penskeautomotive.com/events-and-presentations

About Penske Automotive

Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. PAG operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, Japan, and Australia and is one of the largest retailers of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services principally in Australia and New Zealand. PAG employs over 28,400 people worldwide. Additionally, PAG owns 28.9% of Penske Transportation Solutions ("PTS"), a business that employs nearly 43,000 people worldwide, manages one of the largest, most comprehensive and modern trucking fleets in North America with over 414,000 trucks, tractors, and trailers under lease, rental, and/or maintenance contracts and provides innovative transportation, supply chain, and technology solutions to its customers. PAG is a member of the S&P Mid Cap 400, Fortune 500, Russell 1000, and Russell 3000 indexes. For additional information, visit the Company's website at www.penskeautomotive.com.

Inquiries should contact:

Shelley Hulgrave

Executive Vice President and

Chief Financial Officer

248-648-2812

[email protected]          

Anthony Pordon
Executive Vice President - Investor Relations        
and Corporate Development
248-648-2540
[email protected]

SOURCE Penske Automotive Group, Inc.

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

440k+

Newsrooms &

Influencers

9k+

Digital Media

Outlets

270k+

Journalists

Opted In