Market Signal Briefing

United Airlines' summer 2026 international travel plan is out, and smaller European cities are in.

Starting April 30, United plans to fly from its hub at Newark Liberty International Airport in New Jersey to Split on the Croatian coast — its second destination in the country. A day later the carrier is launching Newark to Bari in the popular Puglia region of southern Italy on the Adriatic Sea.

May 22 is the scheduled launch of a nonstop from Newark to Santiago de Compostela, in the Galicia region of Spain, the end of the famed Camino de Santiago pilgrimage trail.

The additions show United's latest bet on high-spending travelers looking for trips beyond major European capitals, and the chance to fly to those places nonstop, without connecting in big hubs. The carrier is vying with Delta for big-spending travelers. Most of the new routes are operated with airplanes outfitted with its ever-growing, lie-flat Polaris cabin.

United executives have long touted its vast international network as a driver for customer loyalty and sign-ups for lucrative travel rewards credit cards.

United's other additions include a May 21 debut from its Washington Dulles International Airport hub to Reykjavik, Iceland, and a daily, year-round nonstop from Newark to Seoul, South Korea, starting next September. It will also start a Newark to Glasgow, Scotland, flight on May 8, on a Boeing 737 Max 8.

Patrick Quayle, United's senior vice president of global network planning and alliances, said that destinations the carrier announced last year, including Nuuk, Greenland, will remain in the airline's schedule for 2026.

United is also planning to add a third daily flight to Tel Aviv from Newark starting March 28.

SummaryZenas BioPharma (ZBIO) secures a $2B licensing deal with InnoCare, expanding its pipeline with orelabrutinib for global non-oncology indications.ZBIO's two late-stage candidates, obexelimab and orelabrutinib, drive optimism, with topline Phase 3 INDIGO trial data for obexelimab expected in late 2025.Strong cash position and recent private placement provide operational runway through 4Q26, supporting ongoing clinical development and mitigating dilution risks.Despite high valuation multiples and competition, positive Phase 3 results could unlock significant upside, with key catalysts ahead in 2025 and 2026. XH4D/E+ via Getty Images

Thesis The biggest news this week has been Zenas BioPharma Inc.'s (NASDAQ:ZBIO) licensing agreement with InnoCare (OTCPK:INCPF). It's a deal tipped to be worth $2 billion, with Zenas gaining rights to the global market, only excluding China and Southeast

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

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

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Every now and then, a sector catches a tailwind so strong it lifts every name in the group, even the ones that don’t deserve it. That’s what’s been happening in natural resources this year. Oil and gas plays, miners, and energy infrastructure stocks have all enjoyed a run thanks to rising commodity prices and renewed investor appetite for “real assets.” But under the surface, not every name is pulling its weight.

Today’s Bear of the Day is Core Natural Resources ((CNR - Free Report) ), a stock that’s been lagging behind its peers despite the broader commodity rally. The company finds itself struggling with execution, inconsistent production volumes, and weakening profitability. That combination has analysts turning sour, and it’s showing up in the Zacks Rank. CNR currently carries a Zacks Rank #5 (Strong Sell).

The reason for the unfavorable Zacks Rank is the recent negative earnings revisions coming from analysts. Our current year Zacks Consensus Estimate has tumbled from $5.37 to a loss of $1.10. Looking at next year, earnings estimates are off from $12.24 to $10.39. Granted, that is a huge amount of earnings growth coming down the pike. However, that comes on revenue growth of just 6.3% next year. This is also a stock that has run up from under $70 to $97 in a little over a month.

Core Natural Resources’ biggest problem isn’t top-line growth, right now it’s profitability. The company has been facing higher input costs, operational inefficiencies, and tougher contract terms in several of its core basins. Add to that a debt load that’s creeping higher due to capital spending on new projects, and you get an ugly balance sheet picture. Debt-to-equity now sits at a multi-year high, pressuring cash flow and limiting flexibility.

When analysts are cutting estimates, margins are shrinking, and debt is climbing, that’s not a recipe for outperformance. Core Natural Resources finds itself on the wrong side of the commodity cycle at the worst possible time. Until the company can reverse the earnings revisions trend, investors may want to stay on the sidelines.

The Coal industry ranks in the Bottom 14% of our Zacks Industry Rank. There are no stocks within this industry that are in the good graces of our Zacks Rank. There are two Zacks Rank #3 (Hold) stocks. These include Alliance Resource Partners ((ARLP - Free Report) ) and SunCoke Energy ((SXC - Free Report) ).

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York. As a journalist, he has covered every futures market traded in the U.S., at one time or another.

Jim is the proprietor of the "Jim Wyckoff on the Markets" analytical, educational and trading advisory service. Jim also worked as a technical analyst for Dow Jones Newswires and as the senior market analyst with TraderPlanet.com. Jim is also a consultant with the highly respected "Pro Farmer" agricultural advisory service. Jim was also the head equities analyst at CapitalistEdge.com. He received his degree from Iowa State University in Ames, Iowa, where he studied journalism and economics.

Follow Jim daily on Kitco.com as he provides both AM and PM roundups and a daily Technical Special.
1 877 963-NEWS
jwyckoff at kitco.com

In brief
A Herzliya crypto trader was reportedly stabbed twice and robbed of nearly $600,000 in crypto after three assailants ambushed him in his apartment building on September 7.
The attack lasted over an hour, with captors allegedly threatening his family and cleaning the crime scene with disinfectant before fleeing with Bitcoin, USDT, and a $50,000 Rolex.
A security expert reported 52 such "wrench attacks" globally in 2025, averaging one per week.
A crypto trader in Herzliya was allegedly bound, beaten, and stabbed in his own home during a brutal robbery that netted thieves approximately $600,000 in crypto, the latest victim in what security analysts are calling a global wave of “wrench attacks” targeting crypto holders.

The Tel Aviv District Attorney's Office indicted Murad Mahajna of Tel Aviv this week for orchestrating the home invasion alongside two accomplices, according to a local media report.

According to prosecutors, the repeat offender with ten prior convictions discovered that the victim owned Bitcoin and planned the attack on the father of two, who lives with his wife and daughters.

The ordeal took place on September 7, when three suspects allegedly ambushed the victim in his building’s stairwell, with two masked assailants forcing him inside, binding his hands with cables, and brutally beating him.

"We came to take money, we are from the Karaja family," Mahajna, who was not wearing a mask, allegedly told the victim, while initially demanding 500 BTC worth approximately $61 million.

Prosecutors claim that when the victim refused to surrender his wallet credentials, one assailant grabbed a kitchen knife and held it to his neck as Mahajna warned, “Let me get you out of this incident alive,” before stabbing him twice, once in each leg above the knee.

The victim finally yielded access to his accounts, allowing the assailants over the next hour to transfer $547,260 in Bitcoin and $42,248 in USDT to their wallets. They also seized a $50,000 Rolex, a laptop, a Trezor hardware wallet, €5,000, and several thousand shekels in cash, prosecutors said.

Fearing for his family’s safety, the victim stayed silent for several days before confiding in relatives, who urged him to go to the police; investigators arrested Mahajna on September 10 using recorded calls, voice analysis, and security camera evidence.

Bitcoin “wrench attacks”So-called “wrench attacks” in which crypto holders are physically attacked are on the rise.

Security researcher Jameson Lopp, who maintains a database tracking these incidents, tweeted that at the start of the year he had predicted 2025 would be "an all-time high for wrench attacks and we'd average one per week," adding that the incident in Israel is the 52nd such attack of the year.

September alone saw four wrench attacks globally, according to Lopp's database.

“My advice is to obscure any physical data and conceal carry, and unfortunately, in most of the world, you can’t do the latter,” Mehow Pospieszalski, CEO of decentralized wallet platform AmericanFortress, told Decrypt.

He said that weak cooperation between the crypto community and authorities has worsened the situation, with “law enforcement not exactly proactive about protecting founders” and a “vibe of mistrust” from the crypto side that hinders the very coordination needed to catch such criminals.

Last month, French authorities deployed 150 gendarmes to rescue a 20-year-old Swiss man found tied up in a house near Valence's high-speed train station in one such wrench attack.

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

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Ifeoluwa O.

Summarize this article with:

BNB reached a new all-time high of $1,336, marking a record for the cryptocurrency. Following this achievement, YZi Labs, the venture capital firm founded by Changpeng ‘CZ’ Zhao, announced a $1 billion fund to support developers building projects within the BNB ecosystem.

In Brief

YZi Labs, founded by CZ, announced a $1 billion fund to support developers building on the BNB Chain.
The fund aims to accelerate projects across sectors including DeFi, AI, DeSci, trading, payments, wallets, and RWA.
Participants will gain access to YZi Labs’ global network of investors, mentors, partners, and a user base of over 460 million.

Expanding Support for BNB Builders
Formerly known as Binance Labs, YZi Labs said the fund is intended to deepen its commitment to the growth of projects built on the BNB Chain, with a focus on long-term innovation. The initiative targets emerging sectors such as “trading, RWA, AI, DeSci, DeFi, Payments, Wallets — leveraging the high-performance, low-cost infrastructure of BNB Chain as well as the enhanced tools, funding, integrations, and 460M+ user ecosystem.”

A central feature of this plan is the integration of the Most Valuable Builder (MVB) accelerator into YZi Labs’ EASY Residency beginning in October 2025. The merger will create a single program dedicated to builders within the BNB Chain environment. Selected participants will be able to receive as much as $500,000 in direct funding and will gain close access to the core development teams at both YZi Labs and BNB Chain.

Beyond funding, participants will be able to connect with YZi Labs’ global network of investors, mentors, and business partners, as well as tap into its ecosystem of over 460 million users.

Past Contributions of YZi Labs
YZi Labs has actively supported innovation and strengthened institutional participation in the BNB ecosystem through initiatives such as

Supporting notable projects including PancakeSwap, ListaDAO, Aster, and Aspecta, all of which originated from the MVB program.
Expanding institutional participation through initiatives such as the BNB Digital Asset Treasury (DAT) by BNC, the RWA fund by China Renaissance, and the BNB Yield Fund in partnership with Hash Global.
Organizing global events and gatherings in Seoul and Singapore to bring together developers, investors, and partners.

Ella Zhang, Head of YZi Labs, described the blockchain ecosystem as “the next phase of digital infrastructure, where decentralization, on-chain scalability converges with security and real distribution.” She added that  “Through this $1B BNB Builder Fund, YZi Labs is committed to supporting BNB builders  across sectors such as DeFi, AI, RWA, DeSci, and more — those building the next generation of open systems that connect technology back to human progress.”

Record High for BNB and Impact on CZ’s Holdings
The announcement came at a particularly strong moment for BNB, which reached a new record on October 7. The cryptocurrency has solidified its position as the third-largest digital asset by market capitalization, surpassing Ripple’s XRP, with a total value of $182 billion. 

BNB has risen more than 27% over the past seven days and over 49% in the past month, along with a modest 1% increase in the last 24 hours. The surge has also led to a considerable increase in CZ’s holdings. As of June 2024, he reportedly owned around 64% of the total BNB supply, which, at the current valuation, is estimated to be worth approximately $116 billion.

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Ifeoluwa O.

Ifeoluwa specializes in Web3 writing and marketing, with over 5 years of experience creating insightful and strategic content. Beyond this, he trades crypto and is skilled at conducting technical, fundamental, and on-chain analyses.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Story HighlightsThe live price of Bitcoin Cash is  $ 574.16716103Price predictions for 2025 range from $300 to $710, with strong support at $300.By 2030, BCH could reach highs of $2,675, driven by increased adoption and transaction activity.With Bitcoin smashing through the $100K barrier, all eyes are now on Bitcoin Cash (BCH) as traders wonder—will BCH price follow with a banana move of its own? Beyond hype, Bitcoin Cash is proving its value in the real world. Ranked 4th on Crypwerk’s global adoption list, BCH is gaining traction for its speed, low fees, and merchant-friendly design. 

If you’re searching for answers to “Will Bitcoin Cash go up further?” — you’re not alone. In this Bitcoin Cash price prediction 2025–2030, we dive into the technicals and adoption trends shaping the next big BCH Price Prediction.

CryptocurrencyBitcoin CashTokenBCHPrice$574.1672 -0.94% Market Cap$ 11,446,924,874.2224h Volume$ 283,442,064.2529Circulating Supply19,936,571.8750Total Supply19,936,571.8750All-Time High$ 4,355.6201 on 20 December 2017All-Time Low$ 75.0753 on 15 December 2018CoinPedia’s Bitcoin Cash Price PredictionCoinpedia’s analysis suggests that Bitcoin Cash could potentially emerge as a more affordable version of Bitcoin. 

If Bitcoin Cash gains some hype in the coming months, then the BCH price can reach $701 in 2025. On the flip side, the BCH price can drop to $507 during that year.

We expect the BCH price to create a new 2025 high of $701 during the upcoming altcoin season.  

YearPotential LowPotential AveragePotential High2025$507$605$701Bitcoin Cash Price Target October 2025Bitcoin Cash (BCH) consolidated in September and October after bouncing from $522 and testing $640. The remaining days of October are critical.

Bullish: Flipping the $620–$640 zone into support unlocks $689 and further upside next month.

Bearish: A drop below $550 sends the price back to the $522 support, which must hold to prevent a deeper correction.

MonthPotential Low ($)Potential Average ($)Potential High ($)Bitcoin Cash Price October 2025422522689BCH Price Prediction 2025Bitcoin Cash (BCH) is exhibiting a major shift in its long-term trend after successfully breaking a multi-year resistance line, a line that had historically triggered bearish reversals in past bull markets. The powerful rally from April in 2025, fueled by market optimism, propelled BCH from $249 to a high of $640 in August.

This surge has produced consecutive bullish monthly candles, confirming a definitive breakout from a long-term descending triangle pattern on the monthly (1-M) chart. This breakout suggests the potential for a much larger rally, possibly revisiting previous all-time highs could be getting ready.

While the price briefly touched the $620–$640 range in mid-August, it closed the month at a key support of $522. Consolidation in the $530–$630 range has dominated September and October, making the upper bound of this range crucial for the next phase.

Bullish Case: A sustained daily close above the $620–$640 range will trigger an imminent retest of $689. Successfully holding above $689 would establish a “Change of Character (ChoCh)” on the monthly chart, officially signaling a major long-term trend shift. Continued momentum could realistically target $800, $950, $1200, and $1600 before year-end.

Bearish Case: A failure of the breakout thesis would see the price drop. If BCH loses critical support levels at $522 and $422, the $300 level is expected to act as a strong buffer against a further severe decline.

YearPotential LowPotential AveragePotential High2025$300$605$1200Bitcoin Cash Price Targets 2026 – 2030YearPotential Low ($)Potential Average ($)Potential High ($)202659579098520276809251,16020287951,1351,47520291,0251,4801,95520301,3502,0102,675This table, based on historical movements, shows BCH price to reach $2675 by 2030 based on compounding market cap each year. This table provides a framework for understanding the potential BCH price movements. Yet, the actual price will depend on a combination of market dynamics, investor behavior, and external factors influencing the cryptocurrency landscape.

Market AnalysisFirm Name2025020262030Changelly$361$664$3731priceprediction.net$572$865$3830DigitalCoinPrice$821$932$2912*The targets mentioned above are the average targets set by the respective firms.

Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQsWhat could be the maximum price of BCH in the next 3 years?

According to our Bitcoin Cash price prediction, BCH’s price could hit the maximum trade value of $1,160 by 2027.

What Is Bitcoin Cash?

Bitcoin Cash is a hard fork of Bitcoin, that aims at a decentralized peer-to-peer electronic cash system. Without relying on any central governing authority.

Is Bitcoin Cash a good investment in 2025 amidst newer higher-performing entrants?

Bitcoin Cash is an underrated investment with a high chance of performing in 2025.

What are the advantages of Bitcoin Cash over Bitcoin?

Bitcoin Cash focuses on resolving two of the major limitations of Bitcoin, which are scalability and transaction fees.

BCHBINANCE Disclaimer and Risk WarningThe price predictions in this article are based on the author's personal analysis and opinions. CoinPedia does not endorse or guarantee these views. Investors should conduct independent research before making any financial decisions.

ETH price has formed a highly bullish continuation pattern, a confirmed breakout above which could potentially push the token to a new all-time high in the coming months.

Summary

ETH price is down roughly 9% after failing to breach the $4,700 resistance earlier this week.
A multi-month bull flag pattern has formed on the weekly chart.

According to data from crypto.news, Ethereum (ETH) price fell 4% to an intraday low of $4,329 on Oct. 9 afternoon Asian time after bulls failed to breach the $4,600 resistance level late last night. At its current price, the token is down approximately 9% from its weekly high of $4,753, reached on Tuesday on the back of project-specific catalysts and a broader market rally sparked by renewed optimism across the crypto space.

The rally was fueled in part by the historically bullish sentiment that surrounds October, a month known for strong seasonal gains for cryptocurrencies. Strong inflows into spot Ethereum ETFs and macro tailwinds, such as expectations of dovish central bank policies, also contributed to the upbeat momentum.

However, the tide began to shift on Oct. 7, as Ethereum failed to break past the $4,700 resistance level for the second time over the past 30 days. The pullback was triggered by a combination of profit-taking by short-term traders, broad-based market liquidations, and a resurgent U.S. dollar, all of which weighed on investor sentiment and put downward pressure on ETH’s price.

As ETH price continued to slide downward following the recent rejection at higher levels, it has now formed a giant bullish flag pattern on the weekly chart. In technical analysis, this pattern emerges when an asset’s price rallies sharply and then consolidates in a downward-sloping channel, often signaling a pause before the next leg higher.

ETH price has formed a giant bullish continuation pattern on the weekly chart — Oct. 9 | Source: crypto.news
At press time, ETH was also trading above all key simple moving averages on the weekly chart, with the shorter-term SMAs still crossing above the longer ones, a classic bullish alignment that suggests continued strength and buyer control.

Meanwhile, momentum indicator RSI showed a reading of 61, which means that ETH still has room to run before it enters overbought territory, giving bulls more breathing space before any serious correction kicks in.

Zooming into the daily timeframe, the price action has also confirmed a golden cross, with the 50-day moving average crossing above the 200-day. The pattern is typically associated with long-term bullish momentum and historically followed by sustained price rallies.

ETH price action confirmed a golden cross on the daily chart — Oct. 9 | Source: crypto.news
For now, the key resistance level for the ETH price stands at $4,500, which marks a psychological barrier and aligns with the upper boundary of the bull flag pattern. 

A clean breakout above this zone could confirm the pattern and reignite ETH’s uptrend, initially toward $5,000, and potentially even toward the measured move target of $8,100, calculated by adding the height of the flagpole to the breakout point.

However, some market watchers urge caution, now that ETH has slipped close to a major support area. According to well-followed analyst Ted Pillows, Ethereum must hold the $4,250–$4,300 support zone to maintain its bullish setup. 

A decisive break below that range could invalidate the pattern, opening the doors for a deeper correction toward $4,000 in the coming weeks

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Ethereum could peak between $8,500 and $12,200 if historical trends repeat in 2025.Key metrics like the 200-week average and realized price support ongoing ETH strength.Institutional inflows and macro ratios support optimism, but volatility risks persist.Ethereum’s price may reach new all-time highs by late 2025, with analysts projecting a potential cycle top between $8,500 and $12,200.

While historical data anchored to technical, on-chain, and institutional indicators support the case for a significant price surge, volatility remains a key risk.

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Major Indicators Signal Elevated ETH Price TargetsEthereum was trading for $4,450 as of this writing, up by a modest 0.5% in the last 24 hours. The largest altcoin by market cap metrics approaches important bull market thresholds.

Ethereum (ETH) Price Performance. Source: BeInCryptoAgainst this backdrop, analysts are closely monitoring key market metrics. Reports from industry leaders indicate that price targets between $8,500 and $12,000 are possible if current trends hold and investor sentiment stays bullish.

These projections rely on established metrics such as the 200-week moving average and realized price, which offer benchmarks for ETH in the current cycle.

The 200-week moving average (WMA) is a widely used barometer for market cycles. Currently, Ethereum trades about 92% above its 200WMA of roughly $2,400, a setup echoing the beginning of the 2021 rally.

During that cycle, ETH peaked at 492% above its 200WMA. If Ethereum repeats a similar performance and climbs 400% above this average, its price could hit $12,200.

Ethereum (ETH) Price Performance. Source: TradingViewSponsored

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However, more cautious models suggest a peak between $7,300 and $11,000 if ETH trades 200–350% over the 200WMA. These outcomes reflect historical patterns and detailed research from sources like The DeFi Report and prominent on-chain analytics platforms.

Michael Nadeau, the founder of the DeFi Report shared 5 scenarios for ETH price action:

1. If ETH trades 200% above its 200 WMA: $7.3k ETH
2. If ETH trades 250% above its 200 WMA: $8.5k ETH
3. If ETH trades 300% above its 200 WMA
4. If ETH trades 350% above its 200 WMA
5. If ETH trades 400% above its 200 WMA: $12.2k ETH
This aligns with a recent Standard Chartered prediction, which forecasted a $7,500 price target for the Ethereum price.

Additional market indicators reinforce these bullish projections. The realized price, a marker for the average price at which all ETH was last moved, has climbed above $4,000 in 2025.

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Ethereum Realized Price. Source: TradingViewThis aligns with scenario analysis that places potential cycle tops in the $8,700 to $11,600 range, depending on realized price conditions at the peak.

Institutional Flows and Macro Correlations Add ConfidenceMeanwhile, institutional participation in Ethereum is at record levels, bolstering confidence in a sustained rally. Regulatory filings show strong fund inflows, with significant institutional exposure such as the iShares Ethereum Trust ETF, which reported over $4.4 billion in assets as of June 2025.

A 2025 survey from Ernst & Young found that most institutional investors believe in Ethereum’s staying power this cycle. This is attributed to regulated investment vehicles and improved risk management practices.

Macro market ratios further frame Ethereum’s growth potential. In 2021, Ethereum’s market cap reached 55% of Bitcoin’s. Should Bitcoin reach $150,000, and Ethereum repeat this ratio, ETH could approach $13,500.

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Analysts also track the ETH-to-Nasdaq ratio; a return to historic highs in this metric would put Ethereum’s price between $6,000 and $9,500. Together, these comparisons present scenarios where fundamentals and market activity align for a higher cycle top.

Caution: Cycle Peaks Are Historically VolatileWhile bullish sentiment dominates outlooks for Ethereum, crypto cycles are often marked by rapid reversals. Reports from major analytics sources, such as Glassnode and Binance, emphasize that long-term support and resistance levels should be viewed as reference points, not guarantees. Investors should therefore conduct their own research.

Volatility remains high in 2025, and history shows that cycle tops may be followed by severe corrections, sometimes exceeding 80%. Thus, both risk management and measured optimism are crucial for investors.

Understanding how diverse on-chain metrics, price averages, and macro ratios interact can help Ethereum holders navigate volatility.

If historical patterns repeat, the next quarter may define this bull cycle’s final phase, presenting both opportunities and risks as the market advances through 2025.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

The Ocean Protocol Foundation has resigned as a member of the Artificial Superintelligence Alliance, "effective immediately."

TLDR:

Ripple joined forces with Bahrain Fintech Bay to drive blockchain and digital asset innovation in the Kingdom.
The deal expands Ripple’s regional presence after securing a Dubai Financial Services Authority license in 2025.
The partnership will enable proof-of-concept projects, education, and local fintech collaborations in Bahrain.
Ripple aims to introduce its RLUSD stablecoin and custody solutions to Bahrain’s financial institutions.

Ripple is deepening its roots in the Middle East with a new strategic partnership in Bahrain. The company, known for providing digital asset infrastructure to global financial institutions, has teamed up with Bahrain Fintech Bay, one of the Kingdom’s leading innovation hubs. 

The move comes after Ripple secured a regulatory license from the Dubai Financial Services Authority earlier this year. It marks another milestone in Ripple’s regional expansion as it works to establish a stronger presence across the Gulf.

The collaboration focuses on supporting blockchain adoption and fintech development within Bahrain’s growing digital economy. 

Ripple and Bahrain Fintech Bay plan to work together on real-world projects that push forward the country’s blockchain readiness. The partnership also aims to connect local fintechs with Ripple’s global expertise to nurture innovation.

Blockchain Collaboration Aims to Boost Bahrain’s Fintech Growth
According to a press release from Ripple, the partnership will include developing pilot projects and proof-of-concept initiatives across several sectors. These will involve blockchain-based solutions for cross-border payments, digital assets, and tokenization. 

Ripple and Bahrain Fintech Bay also plan to collaborate on training programs and local accelerator initiatives to support talent development.

Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, said the Kingdom had been one of the first to regulate crypto assets. 

He noted that Ripple looks forward to offering its custody platform and Ripple USD (RLUSD) stablecoin to local banks once frameworks allow. His remarks underline the company’s intention to become a long-term player in the region’s evolving financial ecosystem.

Suzy Al Zeerah, Bahrain Fintech Bay’s Chief Operating Officer, described the alliance as a bridge between global blockchain innovators and Bahrain’s local market. She added that the effort will enhance fintech innovation and support the creation of new financial solutions within the country’s ecosystem.

Ripple Strengthens MENA Presence Through Bahrain Entry
The expansion into Bahrain adds to Ripple’s growing portfolio of partnerships across the Middle East and North Africa. The company now holds more than 60 regulatory approvals globally, including the Dubai Financial Services Authority license secured in March 2025. 

Ripple’s involvement in regional fintech events like Fintech Forward 2025 further reflects its increasing engagement with local regulators and banks.

The partnership positions Ripple as a key contributor to Bahrain’s vision of becoming a blockchain and fintech hub in the Gulf. Through collaboration, infrastructure development, and education, Ripple aims to help advance financial innovation across the region.

Why Trust CoinGape

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

Flare Network has recorded over $43 million worth of XRP now bridged onto its blockchain. This comes as a crypto expert predicts a potential breakout that could push the token toward a new all-time high (ATH).

Flare Network’s Hit Liquidity Milestone
In a recent X post, Flare Network co-founder Hugo Philion confirmed that the network now hosts $43 million in bridged XRP.

The assets were used to mint FXRP, a wrapped version of the altcoin native to the Flare blockchain. Users can engage in activities like lending and yield generation with the token without having to sell their primary holdings.

This milestone follows the launch of Flare’s stablecoin backed by XRP via Enosys Liquity V2.  For DeFi protocols developed on the network, the stablecoin offers deeper liquidity and improves capital efficiency.  Wrapped Flare (wFLR) is used as collateral for the stablecoin, increasing its on-chain usefulness.

The stablecoin product came after Flare Network rolled out Firelight. It is an institutional-grade product designed to deploy billions of XRP on the network. Firelight helps investors earn yield by using a liquid staking system.

Furthermore, the network reported that more than 15 million tokens are currently in motion on its network. This suggests that users experimenting with the FXRP model are adopting it more frequently.

15,000,000 XRP on Flare – in motion.

The XRPFi flywheel is just getting started pic.twitter.com/CFLdTveWZv

— Flare ☀️ (@FlareNetworks) October 9, 2025

Data from Dune Analytics further shows that demand for FXRP is increasing. Daily transactions and wallet interactions have been rising steadily since the feature launched.

Source: Dune
Expert Sees XRP Rally Toward New Highs
The strong on-chain activity has sparked bullish predictions from analysts. Prominent expert EGRAG CRYPTO described the current market structure for the token as “super bullish.” 

Source: X
The expert also noted that the asset remains technically sound above the $2.77 mark. He argued that short-term volatility is merely “noise” ahead of a major upward move. EGRAG predicted that the token might soon break through its past high to reach a new all-time high (ATH). 

He noted that increased investment from institutions could lead to a lasting price rise when the market conditions are right.

Adding to the bullish backdrop, institutional interest in the altcoin continues to rise. Recently, Reliance Global Group added XRP tokens worth $17 million to its digital asset collection. This purchase shows a trend of companies diversifying by holding this token. 

Additionally, there is growing excitement as the U.S. SEC is set to review several applications for XRP ETFs in October. Approval could make the altcoin the third significant cryptocurrency to obtain U.S.-listed ETF status, with companies like Greyscale, Bitwise, and WisdomTree among the applicants.

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

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SEC filing reveals ETH and SOL ETFs may include staking rewards Andjela Radmilac · 5 seconds ago · 2 min read

Bitwise and 21Shares quietly added language to their updated S-1s allowing staking, a move that could reshape how crypto ETFs generate yield if approved.

Oct. 9, 2025 at 11:44 am UTC

2 min read

Updated: Oct. 9, 2025 at 11:44 am UTC

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Two of the largest digital asset managers, Bitwise and 21Shares, have made a notable update to their Ethereum and Solana ETF filings that could signal a shift in how crypto exchange-traded products operate in the United States.

According to amended S-1 statements filed with the U.S. Securities and Exchange Commission (SEC), both issuers now reference the possibility of staking Ethereum and Solana holdings within their funds.

If approved, this change would allow these ETFs to earn staking rewards, the income generated by helping validate transactions on proof-of-stake blockchains. Until now, U.S.-listed crypto ETFs have been limited to holding underlying assets passively, without the ability to participate in network consensus.

The amended filings, submitted this week, come after several months of quiet lobbying from ETF issuers seeking regulatory clarity around staking income. While the inclusion of this language does not mean the SEC has approved the feature, it indicates that the agency is at least considering the idea.

Analysts view this as an early sign that the SEC’s stance on staking may be softening, especially given the growing pressure to allow ETFs to compete with on-chain yield opportunities available to retail and institutional investors abroad.

What staking inside an ETF could mean for ETH and SOL yieldsFor Ethereum, current staking rewards range between 3% and 4%, while Solana’s rewards typically fall between 7% and 8% annually. ETF management fees for these funds are generally around 0.20% to 0.30%, meaning that if staking proceeds are distributed to holders, the yield could cover or even exceed the fund’s fees.

Such a change could transform how ETF issuers compete in the market. Instead of focusing solely on management costs and liquidity, future funds may also compete on net yield, creating a new performance metric for investors comparing crypto ETFs.

While the SEC has not yet commented on these amendments, the filings suggest that staking could soon move from the on-chain economy into traditional financial products, bridging a gap between DeFi incentives and regulated investment vehicles.

Mentioned in this articleLatest US StoriesLatest Ethereum Stories

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The 100-day EMA, which has frequently served as the boundary between recovery and decline, is one of XRP’s most significant technical levels of 2025, and it has now been officially broken through.

XRP in troubleA decline toward $2.50 in the near future may be accelerated by the breakdown, which indicates that XRP is having difficulty finding any significant support. XRP has lost about 3% in the past day, wiping out several days of gains, and is currently trading at about $2.179.

XRP/USDT Chart by TradingViewA structural shift in sentiment is reflected in the move below the 100 EMA (orange line on the chart), which is more than just a temporary correction. Throughout Q4, the 100 EMA served as a dynamic support level, enabling XRP to hold onto its range in spite of macro uncertainty. The technical outlook is now firmly bearish after it was lost.

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The 200-day EMA, which has historically been a powerful defensive zone for XRP, is located close to $2.64, the next significant support. The path of least resistance, however, points downward as volume tapers off and momentum indicators like the RSI drift below 45. A retest of $2.50 appears not only feasible but also more likely if the price is unable to hold above $2.64.

XRP stepping downThe fact that XRP keeps printing lower highs within a larger descending triangle pattern, indicating ongoing weakness, adds to the pressure. The market’s skepticism regarding the token’s short-term potential is strengthened by each unsuccessful rebound, and traders are now watching the $2.50 zone as the final possible pivot point before a more significant correction occurs.

It is unlikely that the market will experience a sustained bullish reversal this quarter unless XRP can swiftly regain the 100 EMA and set new higher lows. The technical structure indicates that XRP is approaching a vulnerable phase, which could reshape its trajectory for the rest of 2025, as momentum is waning and no obvious catalyst is in sight.

XRP has once again found itself at the center of bullish predictions, with prominent crypto analyst Dark Defender believes the token is setting up for a massive breakout, just like it did in 2017 before prices exploded. 

By looking at XRP’s chart patterns, he suggests the coin could target between $6 and $7 if it keeps its momentum alive.

XRP’s 2017 Impulsive WaveDark Defender began with XRP’s historic 2017 rally, he notes that it followed a clear impulsive wave pattern that pushed prices to all-time highs $3.4. 

Meanwhile, Momentum indicators like the Relative Strength Index (RSI) showed strong upward force, while XRP consistently traded above the Ichimoku Clouds, a sign of heavy bullish control. Even technical corrections formed healthy patterns that paved the way for higher gains.

2021 The Correction Phase For XRPHowever, the 2021 cycle was far weaker. Dark Defender noted that XRP’s rally was a corrective structure following the 2018 crash. The RSI showed fading strength, XRP struggled below the Ichimoku Clouds, and candles never managed to break decisively above key resistance levels of $1.96.

Adding to the pressure, Ripple’s ongoing lawsuit with the SEC created uncertainty, keeping XRP from repeating its previous success.

Source : Dark Defender X postWhy 2025 Feels DifferentAs of now, Dark Defender says XRP is showing strong bullish signs again, trading above both the Ichimoku Clouds and Exponential Moving Averages. Meanwhile, RSI momentum now mirrors the strength seen in 2017, not the weakness of 2021.

According to the analyst, XRP’s recent breakout could be the start of a larger move. If the momentum continues, he expects XRP to target between $6 and $7 in the coming months.

Dark Defender ended by reaffirming his optimism, saying XRP and the broader crypto market are entering “a new era” of growth.

Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQsHow much will XRP reach in 2025?

Analyst Dark Defender predicts XRP could hit $6 to $7 in 2025, driven by strong bullish signals like trading above Ichimoku Clouds and robust RSI momentum.

How much will 1 XRP be worth in 2030?

Based on compounding growth and adoption, projections estimate XRP could trade around $26.50 by 2030, with averages near $19.75.

Can XRP make you a millionaire?

Hypothetically, yes—if XRP reaches $500+ and an investor holds a significant amount (e.g., 2,000 XRP). However, this is speculative and depends on extreme long-term growth.

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Crypto is moving through the week without major drama but with enough spikes and flushes to remind traders that leverage never sleeps. The whole market is sitting at around $4.52 trillion in capitalization, Bitcoin is at $121,800, Ethereum is around $4,336 and both of them have been stuck in short ranges after yesterday’s wide swings. 

The driver that still carries weight is the spot ETF flow, because every day money is coming in, and Wednesday was no different: Bitcoin funds gained $440.7 million, Ethereum added another $69 million, and that keeps pushing a bid underneath the market even while short-term traders keep getting "rekt."

On the macro side, nothing new appeared that could scare investors. The shutdown in the United States is still there, but traders learned to treat it as a plus rather than minus because less news means fewer surprises, and the Fed minutes showed once again they are ready to keep lowering rates.

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The only unusual thing on the horizon is Friday’s Nobel Peace Prize announcement, which may not look like a direct market event, but at a time when any geopolitical headline can influence oil, energy or currencies, traders should keep an eye on it just in case.

Bitcoin price stuck at $121,800 after failed all-time high breakoutBitcoin is trading at $121,841 after a failed attempt to hold higher levels yesterday. The numbers from derivatives add more detail: in the past 24 hours, Bitcoin had $64.8 million worth of long positions liquidated and $64.5 million in shorts, almost equal, which shows how balanced the battle has been. 

Source: CoinGlassBut if you zoom in to the last 12 hours across the whole market the picture changes, bulls took most of the pain, with $301.9 million in long liquidations against $55.4 million in shorts, which basically tells the story of yesterday’s dump. 

For today, the key point is still $121,100, if that level cracks the chart opens a slide to $119,800, while on the upside, only a break through $122,800 would clear the way back to $124,500.

Figure of the day: Ripple CEO calls $1 trillion stablecoin eraRipple’s chief executive Brad Garlinghouse was the headline speaker at Pantera Capital’s Blockchain Summit 2025 in New York, where he said straight out that "this represents the future re-wiring of the financial system."

The timing of his words fits with the report from Standard Chartered that predicted as much as $1 trillion could move out of banks into emerging markets and flow into dollar-backed stablecoins in the next three years. Ripple’s RLUSD token is being built exactly for that flow, so his remark was not a random soundbite but a signal of where the company wants to stand.

Chart of the day: Shiba Inu (SHIB) faces key 2025 floor testShiba Inu (SHIB) is now at $0.00001199 and holding only a thin line above support. The token failed multiple times near $0.0000123 and is now right at the level that U.Today highlighted earlier as critical; if $0.0000120 does not hold, the next zones are $0.0000115 and $0.0000105, which would erase all of 2024’s gains and effectively mark the token’s bottom for 2025.

Technical signals give no comfort. The price was rejected from the 100 EMA and 200 EMA, and the RSI is parked around 45, which is not low enough to give oversold relief, and volume shows selling is still dominant while bullish participation keeps shrinking. 

SHIB/USD by TradingViewOn the liquidation side, the token saw $11.3 million in long positions wiped against $4.7 million in shorts on the last day, which means that, once again, speculators trying to catch a bounce are paying the bill. 

Unless buyers show up, the market will likely treat SHIB as a coin that already played its hype cycle.

Evening outlookBitcoin (BTC): Holding $121,100-$121,200 is the key point. If broken, the next stop is 119,800. Resistance is at $122,800-$123,800. Total liquidations in the past day: about $129 million.Ethereum (ETH): Trading at $4,336 after a 3% drop. Watch $3,180 as the next strong support, resistance at $3,320-$3,400. ETF inflows yesterday were $69 million, long liquidations $122 million.XRP: Price at $2.80, but risk extends to $2.64, which is the 200-day moving average. Longs worth $11.8 million liquidated yesterday.Solana (SOL): Quoting $221.7, still above the $220 handle. Support at $218, resistance around $225. Long liquidations about $17.2 million.Shiba Inu (SHIB): The pivot remains at $0.0000120, with downside to $0.0000115 and 0.0000105. Longs liquidated $11.3 million in the past day.Macro: Friday’s Nobel Peace Prize announcement stands out as a headline risk event that markets will follow for potential knock-on effects.

If you are looking for high yields in the energy patch, these industry bellwethers have proven their yields can survive oil price volatility.

There's a complex problem to solve when it comes to the energy sector and investing. Energy is vital, and there should probably be some exposure included in all diversified portfolios.

But energy prices tend to be volatile, with energy stocks often following along for the ride. If you are a dividend investor, however, there are two options for dealing with the volatility conundrum while still collecting a large and reliable income stream: Chevron (CVX -0.68%) and Enterprise Products Partners (EPD -0.17%).

Chevron does it all -- while paying a reliable dividend
Chevron is what is known as an integrated energy company. That means it produces oil and natural gas in the upstream. It transports oil and natural gas in the midstream. And it processes oil and natural in the downstream, where it makes chemicals and refines the commodities into things like gasoline. Each segment of the industry operates differently through the energy cycle.

Image source: Getty Images.

That's important because when oil prices are weak, earnings in the upstream will suffer. But the downstream uses oil as an input, so it will often see a benefit from low oil prices.

All in, using an integrated model helps to smooth out the peaks and valleys inherent to the energy sector. That's a key part of how Chevron has been able to increase its dividend annually for 38 consecutive years.

If you have $1,000 to invest today, you can buy around six shares of the stock and collect an attractive 4.4% dividend yield. But that's not the whole story because Chevron also happens to have one of the strongest balance sheets among its closest peer group.

With a debt-to-equity ratio of just 0.2x (good for any company), Chevron has the capacity to take on debt during energy downturns. That allows it to support its dividend and business while oil prices are weak and, when oil prices recover, it pays down the debt in preparation for the next weak patch.

Simply put, Chevron knows how to survive the energy cycle.

Enterprise sidesteps commodity risk
While even conservative investors should feel pretty comfortable owning Chevron, there's still material exposure to commodity price volatility in the business. If you want to avoid that, you should look at Enterprise Products Partners, which operates solely in the midstream segment of the broader energy sector. It owns energy infrastructure assets like pipelines, storage, processing, and transportation facilities.

What separates Enterprise's business from Chevron's business is that midstream operators are basically just toll takers within the broader energy landscape. Enterprise doesn't really care that much about the price of oil, since it gets paid the same to move oil, no matter what the commodity costs. So long as demand for energy remains strong, which it usually does, given the importance of energy to the global economy, Enterprise's cash flows will remain robust.

To put some numbers on that, investment-grade-rated Enterprise's distributable cash flow covered its distribution 1.7x over the past 12 months. The strength of the business approach is what has allowed the master limited partnership (MLP) to increase its distribution for 27 consecutive years, which is roughly how long the business has existed.

There are some tax complications to consider with MLPs, including Schedule K-1 tax forms come tax time. But the lofty 6.9% distribution yield will likely be ample compensation for the extra work for conservative investors looking to add some energy into their portfolio mix. A $1,000 investment will allow you to buy roughly 31 MLP units.

Buy and hold Chevron and Enterprise
The really big story with Chevron and Enterprise, however, is that you can buy them and comfortably hold through the energy price volatility that will occur over time. That's the key to the story with these two industry-leading and financially strong high-yield investments. If you are a long-term dividend investor, they could fill an important void in your portfolio if you have been fearful of adding direct energy investments to the mix.

Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chevron. The Motley Fool recommends Enterprise Products Partners. The Motley Fool has a disclosure policy.

Beleaguered wind farm operator Orsted announced Thursday that it intends to cut up to 2,000 jobs toward the end of 2027, in a bid to become more competitive and refocus its efforts on Europe.

The company has faced headwinds this year as President Donald Trump's administration clamped down on wind power generation in the United States.

Orsted's shares were 1% higher in early European trade on Thursday.

This is a developing story. Please refresh for updates.

If investors expect debasement, it is very odd that the bond market's best guess at long-run inflation is basically unchanged.

A Tesla Model 3 vehicle drives using FSD (Full Self-Driving) in Encinitas, California, U.S., October 18, 2023. REUTERS/Mike Blake/File Photo Purchase Licensing Rights, opens new tab

CompaniesWASHINGTON, Oct 9 (Reuters) - The U.S. National Highway Traffic Safety Administration said on Thursday that it is opening an investigation into 2.88 million Tesla vehicles equipped with its Full Self-Driving system over traffic-safety violations after a series of crashes.

The auto safety agency said FSD - an assistance system that requires drivers to pay attention and intervene if needed - has "induced vehicle behavior that violated traffic safety laws".

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The agency said it has reports of Tesla vehicles driving through red traffic lights and driving against the proper direction of travel during a lane change, while using the system.

RECALL COULD FOLLOW IF NHTSA FINDS SAFETY RISKSNHTSA said it has six reports in which a Tesla vehicle, operating with FSD engaged, "approached an intersection with a red traffic signal, continued to travel into the intersection against the red light and was subsequently involved in a crash with other motor vehicles in the intersection."

NHTSA said four crashes resulted in one or more injuries.

Tesla did not immediately respond to a request for comment.

The investigation - a preliminary evaluation - is the first step before the agency could seek a recall of the vehicles if it believes they pose an unreasonable risk to safety.

NHTSA said it has identified 18 complaints and one media report alleging that Tesla vehicles, operating at an intersection with FSD engaged "failed to remain stopped for the duration of a red traffic signal, failed to stop fully, or failed to accurately detect and display the correct traffic signal state in the vehicle interface."

Some complainants said FSD "did not provide warnings of the system's intended behavior as the vehicle was approaching a red traffic signal."

Tesla's FSD, which is more advanced than its Autopilot system, has been under investigation by NHTSA for a year.

In October 2024, the agency began an inquiry into 2.4 million Tesla vehicles equipped with FSD after four reported collisions in conditions of reduced roadway visibility, such as sun glare, fog or airborne dust, including a 2023 fatal crash.

Reporting by David Shepardson. Editing by Sharon Singleton and Mark Potter

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ArcBest (NASDAQ:ARCB) is currently in Phase 9 of its 18-phase Adhishthana cycle on the weekly charts, navigating bearish phases across both weekly and monthly timeframes. Here's how the stock's structure looks under the lens of the Adhishthana Principles, and why investors should stay cautious.

ArcBest Cakra Formation & Arc Breakdown ArcBest has maintained a fairly strong alignment with the Adhishthana Principles, moving almost textbook-like through its early phases.

According to the framework, stocks typically form a Cakra structure between Phases 4-8, a channel-like setup with an arc that usually carries bullish implications. A clean breakout in Phase 9 kicks off the Himalayan Formation, marking a powerful bullish move.

ArcBest began forming its Cakra in April 2022, trading within its "arc" until Phase 6, when its outlook changed. Instead of respecting its arc, the stock broke the Cakra on the flip side, triggering what the Principles call the Move of Pralaya, a bearish breakdown that often leads to extended underperformance.

Fig.1 ArcBest Stock Cakra Breakdown (Source: Adhishthana.com)As I stated in Adhishthana: The Principles That Govern Wealth, Time & Tragedy:

"When the underlying breaks the Cakra on the flip side, consolidation typically extends into the Guna Triads. The move that follows is highly significant, and selling pressure can be extremely strong. This is called the Move of Pralaya."

True to form, ArcBest tumbled nearly 55%, and based on its Adhishthana structure, this weakness could persist until the stock enters its Guna Triads (Phases 14, 15, and 16), which determine the potential for Nirvana (the peak of the cycle in Phase 18). Those phases, however, don't begin until 2029, suggesting the stock may remain sluggish for quite some time.

The Descent Leg in Play: Monthly Chart OutlookOn the monthly chart, ArcBest's structure tells the other half of the story, and explains why the stock's strong bullish run in early 2024 reversed so sharply.

Fig.2 ArcBest Stock Monthly Chart (Source: Adhishthana.com) The stock entered its Phase 4 back in 2005, carefully respecting its Cakra throughout Phases 4–8 before finally breaking out in Phase 9. What followed was a textbook Phase 9 rally: the stock surged nearly 380%.

As outlined in the Principles, the Himalayan formation consists of three legs; an ascent (Phase 9), a peak (Phase 10), and a descent (Phase 11). ArcBest followed this pattern with great precision. After rallying in Phase 9, the stock made a peak near $153.60 in its Phase 10 before beginning its descent leg, which explains the current weakness.

Investor OutlookArcBest's structure across both timeframes: a Cakra breakdown on the weekly and a descent phase on the monthly, clearly reinforces the bearish setup under the Adhishthana framework.

While short-term rallies may occur, they are unlikely to sustain for long. With the Move of Pralaya active and the stock deep in its descent leg, the overall trend remains bearish. Investors might want to stay cautious for now, as ArcBest seems to have more sluggishness before its next major cycle reset. 

While ArcBest respected its arc on the monthly chart, its weekly arc probably wasn't the best.

Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

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U.S. stock futures fell on Thursday following Wednesday’s mixed close. Futures of major benchmark indices were lower.

The AI frenzy is still in full swing. Advanced Micro Devices Inc. (NASDAQ:AMD) surged over 11%, while Micron Technology Inc. (NASDAQ:MU) gained around 6% on Wednesday.

Meanwhile, the Fed minutes released on Wednesdays showed that President Donald Trump‘s trade tariffs continue to weigh on the outlook for growth and inflation, raising concerns over how long the Federal Reserve can stick with its planned cycle of interest rate cuts.

Additionally, Trump announced on Wednesday that both Israel and Hamas have agreed to the initial phase of a peace plan.

The 10-year Treasury bond yielded 4.13% and the two-year bond was at 3.59%. The CME Group's FedWatch tool‘s projections show markets pricing a 94.6% likelihood of the Federal Reserve cutting the current interest rates in its October meeting.

FuturesChange (+/-)Dow Jones-0.02%S&P 500-0.07%Nasdaq 100-0.13%Russell 2000-0.32%The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, fell in premarket on Thursday. The SPY was down 0.040% at $673.11, while the QQQ declined 0.10% to $610.82, according to Benzinga Pro data.

Stocks In FocusPepsiCo
PepsiCo Inc. (NASDAQ:PEP) was up 0.27% in premarket on Thursday, ahead of its earnings scheduled to be released before the opening bell. Analysts expect earnings of $2.26 per share on revenue of $23.83 billion.

PEP maintained a weaker price trend over the short, medium, and long terms, with a poor quality ranking, as per Benzinga’s Edge Stock Rankings. Additional performance details are available here.

Turn Therapeutics
Turn Therapeutics Inc. (NASDAQ:TTRX) surged 271.43% after the clinical-stage biotechnology company commenced trading on the Nasdaq Capital Market on Wednesday.

Benzinga’s Edge Stock Rankings indicate that TTRX had a stronger price trend. Additional performance details are available here.

AiRWA
AiRWA Inc. (NASDAQ:YYAI) gained 47.72% after the Maryland-based technology company rebranded itself from Connexa Sports Technologies Inc., marking a shift from sports technology to Web3 and blockchain-based financial services.

YYAI maintained a weaker price trend over the short, medium, and long terms, with a strong value ranking. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.

Delta Air Lines
Delta Air Lines Inc. (NYSE:DAL) was up 0.75% ahead of its earnings scheduled to be released before the opening bell. Analysts expect earnings of $1.52 per share on revenue of $15.04 billion.

Benzinga’s Edge Stock Rankings indicate that DAL maintains a stronger price trend in the long and medium terms, but a poor price trend in the short term, with a moderate value ranking. Additional performance details are available here.

Levi Strauss
Levi Strauss & Co. (NYSE:LEVI) was 0.32% higher as analysts expect it to post quarterly earnings of 31 cents per share on revenue of $1.50 billion after the closing bell.

LEVI maintained a stronger price trend over the short, medium, and long terms, with a robust growth ranking. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.

Cues From Last SessionRecording the biggest gains on Wednesday, industrials, information technology, and utilities stocks led most S&P 500 sectors to a positive close, though energy and financial stocks bucked the overall market trend and ended lower.

U.S. stocks settled mostly higher, with the Nasdaq Composite surging over 1% to fresh all-time intraday and closing highs following another relentless surge in technology stocks.

IndexPerformance (+/-)ValueNasdaq Composite1.12%23,043.38S&P 5000.58%6,714.59Dow Jones-0.0026%46,601.78Russell 20001.04%2,483.99Insights From AnalystsProfessor Jeremy Siegel remains “constructive on equities,” viewing them as looking “better than long bonds on a 6-12-month horizon”.

He sees the current “market uptrend remains intact with AI capex proceeding apace”. This positive outlook is tempered by a note of caution, as he is closely watching the “tariff test” this quarter to see how consumers and companies adapt to potential price increases and demand shifts.

Meanwhile, Darshan Desai, the CEO of Aspect Bullion & Refinery, said that gold prices were easing because of a peace deal between Israel and Hamas. He said that the deal eased demand for safe-haven assets.

“However, the main driver of the decline appears to be the technically overbought conditions in the bullion following the recent surge. If we see more positive developments in the Middle East or on the trade front, further upside in gold prices could be limited as investors would continue to lock in gains. That said, any sharp correction might offer a good buying opportunity given the continuing geopolitical & economic uncertainty,” he added.

See Also: How to Trade Futures

Upcoming Economic DataHere's what investors will be keeping an eye on Thursday;

Federal Reserve Chair Jerome Powell will speak at 8:30 a.m. ET, initial jobless claims data for the week ending Oct. 4 will be delayed owing to the shutdown, and wholesale inventories data will be released at 10:00 a.m. ET.
Federal Reserve Vice Chair for Supervision Michelle Bowman will speak at 8:35 a.m. and later at 3:45 p.m., Minneapolis Fed President Neel Kashkari and Fed Governor Michael Barr will speak at 12:45 p.m., and San Francisco Fed President Mary Daly will speak at 4:10 p.m. and later at 9:40 p.m. ET.
Commodities, Gold, Crypto And Global Equity MarketsCrude oil futures were trading higher in the early New York session by 0.32% to hover around $62.68 per barrel.

Gold Spot US Dollar fell 0.08% to hover around $4,038.31 per ounce. Its last record high stood at $4,059.34 per ounce. The U.S. Dollar Index spot was 0.12% higher at the 99.0300 level.

Meanwhile, Bitcoin (CRYPTO: BTC) was trading 0.88% lower at $121,512.96 per coin.

Asian markets closed higher on Thursday, except Hong Kong's Hang Seng index. South Korea's Kospi, China’s CSI 300, Australia's ASX 200, Japan's Nikkei 225, and India’s NIFTY 50 indices rose. European markets were mixed in early trade.

Read Next:

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Ferrari upgrades the 2025 guidance, exceeding the 2026 business plan’s profitability targets one year in advanceStrong product mix over the plan sustains total revenues of Euro ~9.0 billion and an EBITDA of at least Euro 3.6 billion in 2030Continuous innovation in products for the longer term, with cumulated capital expenditures of Euro ~4.7 billion over the plan and a significant portion dedicated to the next generation of sports carsRobust industrial free cash flow generation of Euro ~8.0 billion over the plan and improved cash conversion to more than 50%Shareholders remuneration of Euro ~7.0 billion, equally allocated to a new share repurchase program and dividends, with a pay-out increased from 35% to 40% of adjusted net profit Maranello (Italy), October 9, 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today presented, at its Capital Markets Day, the profitability targets(1) for the end of the decade.

The Company is now nearing completion of its 2022–2026 business plan in full alignment with the commitments made. Indeed, Ferrari upgrades the 2025 guidance, exceeding its 2026 profitability targets one year in advance.

In the 2030 Strategic Plan, Ferrari targets to achieve net revenues of Euro ~9.0 billion, with a compounded annual growth rate of ~5%, largely driven by Sports cars and other car-related activities, sustained by the visibility granted by the order book. Such increase in revenues is driven by the enrichment of the product mix, along with personalizations. Revenues from Racing and Lifestyle are also projected to positively contribute to the Company’s performance.

EBIT to reach at least Euro 2.75 billion in 2030, with a margin of at least 30%, driven by the strong product mix, including limited-edition models, the enriched product range as well as personalizations. Volume is projected to positively contribute, although at a lesser extent. Industrial costs and R&D will grow mainly due to depreciation and amortization linked to products and infrastructure developed, racing activities and sports cars research expenses. SG&A will increase in line with revenues evolution, reflecting communication and marketing activities, lifestyle and the organizational development.

As a result, in 2030 the Company targets an EBITDA of at least Euro 3.6 billion, with an EBITDA margin of at least 40%. Such strong profitability translates into a remarkable industrial free cash flow generation and an improved cash conversion at above 50%. Indeed, Ferrari aims to generate a cumulated industrial free cash flow of Euro ~8.0 billion over the 2026-2030 period, mostly sustained by the growing profitability, partially offset by cumulated capital expenditures of Euro ~4.7 billion and other operating changes.

Ferrari today publishes the following financial targets:

(€B, unless otherwise stated)

2024

PREVIOUS
2025
GUIDANCE

REVISED UPWARD 2025
GUIDANCE

2030

GUIDANCE(2)

NET REVENUES

6.7

>7.0

≥7.1

~9.0

ADJ. EBITDA (margin %)

2.56
38.3%

≥2.68
≥38.3%

≥2.72
≥38.3%

≥3.60
≥40.0%

ADJ. OPERATING PROFIT (EBIT) (margin %)

1.89
28.3%

≥2.03
≥29.0%

≥2.06
≥29.0%

≥2.75
≥30.0%

ADJ. DILUTED EPS (€)

8.46(3)

≥8.60(3)

≥8.80(4)

≥11.50(4)

INDUSTRIAL FCF

1.03

≥1.20

≥1.30

~8.00
cumulated 2026-2030

The Company decided to proceed with a higher shareholder reward, resulting in the proposal to:

increase the dividend pay-out to 40% of adjusted net profit starting from the 2025 annual results, leading to a cumulated dividend distribution of Euro ~3.5 billion from 2027 to 2031, andstart a new share repurchase program of Euro ~3.5 billion to be executed from 2026 to the end of the plan, in line with the progress of industrial free cash flow generation. Ferrari

Ferrari is one of the world’s leading luxury brands, active in racing, sports cars and lifestyle. In each of these areas, the Prancing Horse symbolises exclusivity, innovation, and cutting-edge sporting performance. Ferrari’s heritage and image worldwide are closely connected to Scuderia Ferrari, the most successful team in Formula 1 history. Since 1950, the year the World Championship started, Scuderia Ferrari has won 16 Manufacturers’ titles and 15 Drivers’ titles. From its headquarters in Maranello, Italy, Ferrari designs, engineers, and produces some of the world’s most iconic and recognisable luxury sports cars, sold in over 60 markets globally. In lifestyle, Ferrari designs and creates a range of personal luxury goods, collectables, and experiences that exemplify the brand’s refined style and passion.

Forward Looking Statements

This document contains forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “continue”, “on track”, “successful”, “grow”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, “guidance” and similar expressions. Forward-looking statements are not guarantees of future performance. Rather, they are based on the Ferrari Group’s (hereinafter, the “Group”) current expectations and projections about future events and, by their nature, are subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in such statements as a result of a variety of factors, including: the Group’s ability to preserve and enhance the value of the Ferrari brand; the Group’s ability to attract and retain qualified personnel; the success of the Group’s racing activities; the Group’s ability to keep up with advances in high performance car technology, to meet the challenges and costs of integrating advanced technologies, including electric, more broadly into its car portfolio over time and to make appealing designs for its new models; the impact of increasingly stringent fuel economy, emissions and safety standards; the potential advent of self-driving technology; increases in costs, disruptions of supply or shortages of components and raw materials; the Group’s ability to successfully carry out its low volume and controlled growth strategy, while increasing its presence in growth market countries; changes in general economic conditions (including changes in the markets in which the Group operates) and changes in demand for luxury goods, including high performance luxury cars, which is highly volatile; macro events, pandemics and conflicts, including the ongoing conflicts in Ukraine and the Middle East region, and the related issues potentially impacting sourcing and transportation; trading policies and tariffs; competition in the luxury performance automobile industry; changes in client preferences and automotive trends; the Group’s ability to preserve the value of its cars over time and its relationship with the automobile collector and enthusiast community; disruptions at the Group’s manufacturing facilities in Maranello and Modena; climate change and other environmental impacts, as well as an increased focus of regulators and stakeholders on environmental matters; the Group’s ability to maintain the functional and efficient operation of its information technology systems and to defend from the risk of cyberattacks; the ability of its current management team to operate and manage effectively and the reliance upon a number of key members of executive management and employees; the performance of the Group’s dealer network on which the Group depends for sales and services; product warranties, product recalls and liability claims; the sponsorship and commercial revenues and expenses of the Group’s racing activities, as well as the popularity of motor sports more broadly; the performance of the Group’s lifestyle activities; the Group’s ability to protect its intellectual property rights and to avoid infringing on the intellectual property rights of others; the Group’s continued compliance with customs regulations of various jurisdictions; labor relations and collective bargaining agreements; the Group’s ability to ensure that its employees, agents and representatives comply with applicable law and regulations; changes in tax or fiscal policies and regulatory, political and labor conditions in the jurisdictions in which the Group operates; the Group’s ability to service and refinance its debt; exchange rate fluctuations, interest rate changes, credit risk and other market risks; the Group’s ability to provide or arrange for adequate access to financing for its clients and dealers, and associated risks; the adequacy of its insurance coverage to protect the Group against potential losses; potential conflicts of interest due to director and officer overlaps with the Group’s largest shareholders; and other factors discussed elsewhere in this document.

The Group expressly disclaims and does not assume any liability in connection with any inaccuracies in any of the forward-looking statements in this document or in connection with any use by any third party of such forward-looking statements. Any forward-looking statements contained in this document speak only as of the date of this document and the Company does not undertake any obligation to update or revise publicly forward-looking statements. Further information concerning the Group and its businesses, including factors that could materially affect the Company’s financial results, is included in the Company’s reports and filings with the U.S. Securities and Exchange Commission, the AFM and CONSOB.

For more information:

Press Office
Email: [email protected]

Investor Relations
Email: [email protected]
www.ferrari.com

1         Please refer to public filings for complete notes and definitions of non-GAAP financial measures
2    Based on current duties and emissions regulations
3         Calculated using the weighted average diluted number of common shares as of December 31, 2024 (179,992 thousand)
4   Calculated using the weighted average diluted number of common shares as of June 30, 2025 (178,648 thousand)

CS_CMD_2025_Finance_ENG

Item 1 of 2 Georges Elhedery, Chief Executive Officer of HSBC Holdings Plc, attends an informal shareholder meeting, in Hong Kong, China April 1, 2025. REUTERS/Tyrone Siu

[1/2]Georges Elhedery, Chief Executive Officer of HSBC Holdings Plc, attends an informal shareholder meeting, in Hong Kong, China April 1, 2025. REUTERS/Tyrone Siu Purchase Licensing Rights, opens new tab

LONDON, Oct 9 (Reuters) - HSBC

(HSBA.L), opens new tab will look at making more acquisitions in key areas, the bank's chief executive told Reuters on Thursday after the lender announced plans to buy out the remainder of Hang Seng

(0011.HK), opens new tab bank.

"We are capital generative and we have the financial strength to go out and acquire," Georges Elhedery said, noting that Hong Kong, the UK, transaction banking and wealth were its priority areas for growth.

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He added that the bank would at same time continue divesting from non-strategic areas over the next year.

Elhedery also told Reuters that while high stock market valuations were not currently a worry because of underlying economic resilience, it was "a risk we should be watching”.

Reporting by Tommy Reggiori Wilkes, Editing by Kirstin Ridley

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Steve Schmitt Appointed Executive Vice President and Chief Financial Officer
Jamie Caulfield to Retire

, /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today named Steve Schmitt Executive Vice President and Chief Financial Officer, effective November 10, 2025. Jamie Caulfield has decided to retire next year after a more than 30-year career with the company. Jamie will remain CFO until November 10, 2025, at which time he will assume an advisory role and assist with the transition through May 15, 2026.

Steve Schmitt

Schmitt joins PepsiCo from Walmart, where he currently serves as Executive Vice President and Chief Financial Officer for Walmart U.S., overseeing the finance function for Walmart's multi-billion-dollar omni-channel U.S. organization and leading the core financial activities of Walmart's largest business unit.

Schmitt joined Walmart in 2016 and served in multiple leadership positions in their e-Commerce, Club, and mass businesses. He played an important role in the transformation of Walmart into an omnichannel retailer enabled by digital transformation and led cost discipline initiatives. Previously, Schmitt held a variety of roles at Yum! Brands, where he developed deep expertise in QSR and the away-from-home business and evaluated long-term strategies for the company, including strategic opportunities to support growth. He began his career with UPS, spending more than a decade with the company.

"Steve has a strong track record of proven results and brings critical expertise that aligns with PepsiCo's growth strategy," said Ramon Laguarta, Chairman and CEO, PepsiCo. "Steve's experience working with complex supply chains, adapting to the dynamic retail landscape and omnichannel consumers, and delivering operational excellence on a large scale will be impactful at PepsiCo. He will play a crucial role as we accelerate growth, optimize our cost structure, and create greater value for our shareholders."

"I want to also thank Jamie for his more than three decades of dedicated service to PepsiCo," Laguarta said. "Jamie has played an important role in guiding our business through significant periods of change and growth and we are grateful for his contributions throughout his tenure, and I look forward to continuing to work with Jamie until his retirement next year."

About PepsiCo 

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated nearly $92 billion in net revenue in 2024, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.PepsiCo.com.

Cautionary Statement 

Statements in this release that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. Forward-looking statements inherently involve risks and uncertainties. For information on certain factors that could cause actual events or results to differ materially from our expectations, please see PepsiCo's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. PepsiCo undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. 

Contact:

[email protected]

SOURCE PepsiCo, Inc.

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