Market Signal Briefing

Ethereum (CRYPTO: ETH) and Bit Digital Inc. (NASDAQ:BTBT) are moving in lockstep, just as the Nasdaq-listed miner revealed a $675 million Ethereum treasury, raising questions about whether corporate balance sheets are now amplifying crypto cycles.

Ethereum Holds $4,480 Support With $4,800 In Focus

ETH Technical Outlook (Source: TradingView)

Ethereum continues to trade inside a tightening symmetrical triangle, holding firm above the rising trendline support that has guided price action since June.

The token is currently near $4,460, with resistance clearly defined around $4,700–$4,750, where the descending upper boundary has repeatedly capped rallies.

The broader structure remains bullish as all key moving averages are positively aligned — the 20-day EMA at $4,390, 50-day at $4,290, and 100-day at $3,964 all slope upward, confirming trend strength.

A decisive daily close above $4,750 would validate an upside breakout, opening targets toward $5,000–$5,200, while failure to hold $4,300 could trigger a pullback toward the $4,000–$3,950 zone.

On-balance volume continues to climb, suggesting accumulation beneath resistance. 

Bit Digital Ranks Among Top Ethereum TreasuriesBit Digital disclosed that it purchased an additional 31,057 ETH, bringing total holdings to 150,244 ETH valued near $675 million.

Proceeds from its $150 million convertible note offering were deployed directly into Ethereum, with major institutions such as Kraken Financial, Jump Trading Credit, and Jane Street Capital participating.

The deal priced at $4.16 per share — an 8.2% premium to modified NAV — and positions Bit Digital as the third-largest Ethereum treasury globally, behind Bitmine Immersion (NASDAQ:BMNR) and SharpLink Gaming (NASDAQ:SBET).

CEO Sam Tabar said the firm's strategy is to "grow NAV per share," describing its move from Bitcoin mining to a pure-play Ethereum staking and treasury model as a "long-term conviction shift."

Bit Digital Stock Nears Breakout Point

BTBT Technical Analysis (Source: TradingView)

Bit Digital shares trade around $3.82 after completing a multi-month base.

Price has cleared the 20- and 50-day EMAs ($3.27 and $3.07), while the 100- and 200-day EMAs cluster between $2.90 and $2.94 offer secondary support.

The chart shows a developing cup-and-handle pattern with a neckline near $4.00–$4.20. A break above that zone could target $5.00–$5.50, while support at $3.50 anchors the current structure.

RSI near 71 indicates strong momentum but also short-term overextension risk if resistance holds.

Why It MattersBit Digital's move is a glimpse into how balance sheets are evolving into battlegrounds for digital dominance. 

Ethereum's role is shifting from just a smart contract platform to a corporate reserve asset, and treasuries like BTBT are now treating ETH the way institutions once treated gold. 

The scale of convertible debt financing shows Wall Street is willing to underwrite crypto balance sheet strategies, something unthinkable a few years ago. 

What makes this moment striking is that Ethereum's treasury adoption is accelerating just as its technical chart presses against $4,800 resistance, linking corporate capital decisions directly to market inflection points.

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Shiba Inu Price Analysis: A Sharp Dip Amid Bitcoin’s CorrectionThe latest data shows that Shiba Inu ($SHIB) has dropped nearly 5% in the past 24 hours, trading around $0.00001216, as seen on the attached chart. This decline follows Bitcoin’s pullback from its recent all-time high of $126K to around $122.5K, which triggered short-term volatility across the memecoin market.

SHIB/USD 1-day chart with BTC/USD performance - TradingView

On the charts, SHIB is struggling below both its 50-day and 200-day moving averages (SMA at $0.00001261 and $0.00001293), signaling resistance pressure. The recent attempt to break above these levels was rejected, marked by a downward candle formation—highlighting that bearish sentiment remains active.

Shiba Inu Falls to the 22nd Spot by Market CapAccording to the latest rankings, Shiba Inu has now slipped to #22 among the largest cryptocurrencies by market capitalization, sitting below projects like Mantle (MNT) and UNUS SED LEO (LEO). With a market cap of $7.17 billion, SHIB’s position reflects investor rotation toward stronger-performing assets during Bitcoin’s retracement phase.

Despite its massive community and ecosystem developments, SHIB continues to experience high volatility—a common trait among memecoins, where sentiment shifts rapidly based on Bitcoin’s trajectory and broader market momentum.

Memecoins: The Volatility FactorMemecoins like $SHIB, $DOGE, and $PEPE thrive on hype cycles and often move faster than the broader crypto market. When Bitcoin rallies, memecoins tend to outperform briefly—but corrections usually hit them harder. SHIB’s 5% daily drop is a reminder of how sensitive such tokens remain to Bitcoin’s price action and speculative trading volume.

For SHIB, the key short-term support level is around $0.00001200. A breakdown below this could open the path toward $0.00001150, while a recovery above $0.00001290 (200-day SMA) could reignite bullish momentum.

SHIB Price Prediction: What’s Next If Bitcoin Recovers?If Bitcoin rebounds above $125K, Shiba Inu could easily retest the $0.00001300–$0.00001350 range, supported by renewed optimism across altcoins. In a stronger bull continuation scenario, SHIB could push toward the $0.00001500 resistance zone—its next major target seen on the chart.

However, if Bitcoin consolidates or extends its decline toward $120K, SHIB might remain range-bound between $0.00001200 and $0.00001270, with traders awaiting clearer signals.

Shiba Inu Future: Patience Amid PressureShiba Inu’s recent performance reflects the broader crypto correction phase. While it has slipped in rankings, its strong community, upcoming ecosystem utilities, and exposure to Bitcoin cycles suggest potential recovery if the market regains momentum.

For now, the key lies in Bitcoin’s direction—its next move will likely determine whether $SHIB rebounds or continues consolidating near its current levels.

TLDR:

Forward Industries has launched an institutional-grade Solana validator powered by DoubleZero infrastructure.
All Forward Industries’ SOL holdings are staked to the new validator with 0% commission for delegators.
The validator, developed with Galaxy and Jump Crypto’s Firedancer, aims for top-ten global Solana ranking.
Forward and DoubleZero plan to optimize validator performance by boosting speed, bandwidth, and efficiency.

Forward Industries has entered Solana’s core infrastructure layer with the launch of an institutional-grade validator node. The move signals the company’s shift from a capital participant to an active ecosystem contributor. It follows growing institutional interest in Solana’s scalability and performance-driven design. 

The validator, built with DoubleZero’s high-performance network, has already gone live and begun operations.

The company, listed on Nasdaq under the ticker FORD, said the validator marks a long-term partnership with DoubleZero, a distributed systems network designed for blockchain workloads. The initiative aligns Forward Industries’ vision with Solana’s institutional future, emphasizing decentralized infrastructure with enterprise-level standards.

Solana Validator Built for Institutional Scale
According to the company’s release, the validator was developed with support from Galaxy and Jump Crypto’s Firedancer client. This collaboration positions Forward Industries among Solana’s most advanced participants. 

The validator currently charges zero commission, allowing delegators to stake their SOL without additional cost.

All of Forward’s SOL holdings are now staked through this validator, demonstrating full internal adoption. Future validators under Forward’s network will also operate on DoubleZero infrastructure. 

Both firms will work together to optimize performance by testing network configurations aimed at boosting bandwidth, minimizing latency, and improving revenue potential.

Crypto investor Kyle Chassé described the development on social platform X as a major step in Solana’s staking growth. His post highlighted the validator’s open delegation model, which allows the public to participate directly.

Strengthening Solana’s Network Performance
Forward Industries expects its validator to rank among the top ten globally at launch. 

The company views the collaboration as critical to achieving institutional standards across security, scalability, and performance. By integrating with DoubleZero, Forward aims to deliver high-speed validation that enhances Solana’s overall reliability for global finance use cases.

DoubleZero’s infrastructure focuses on fiber-based networking that reduces transaction delays and improves data routing. The platform replaces traditional internet pathways with packet-optimized systems, built to meet the throughput demands of high-frequency blockchain operations.

Forward’s chairman, Kyle Samani, said the partnership helps ensure Solana maintains its edge in institutional adoption. The company’s ongoing infrastructure efforts aim to make decentralized finance more dependable for enterprise participants seeking scalable and efficient validation.

Hedera’s native token climbed 2% in a steady 24-hour advance, capped by a late-session breakout fueled by renewed volume.Updated Oct 8, 2025, 3:29 p.m. Published Oct 8, 2025, 3:29 p.m.

HBAR exhibited notable resilience in the 24-hour period between Oct. 7 and Oct. 8, climbing roughly 2% from session lows near $0.22 to settle around the same level. The token traded within a tight range, repeatedly testing support and resistance at $0.22.

Despite a steep decline in trading volume—from 138.43 million to 19.74 million tokens—HBAR maintained a steady consolidation pattern, hinting at reduced short-term participation but a stable accumulation phase.

STORY CONTINUES BELOW

Momentum built decisively during the final hour of trading, when HBAR broke out of its compressed formation between 13:12 and 14:11 UTC on October 8. After briefly retreating to an intraday low of $0.22, the cryptocurrency reversed sharply, breaching resistance levels and printing new session highs above $0.22.

The technical breakout coincided with broader market optimism surrounding Hedera’s ecosystem. Institutional enthusiasm continues to grow as Canary Capital nears completion of its spot HBAR ETF filing—proposed under the ticker “HBR” with a 0.95% management fee—though regulatory progress has been temporarily delayed by the ongoing U.S. government shutdown that has slowed SEC operations.

HBAR/USD (TradingView)

Technical IndicatorsHBAR maintained trading activity within a constrained $0.01 bandwidth throughout the 24-hour session, fluctuating between $0.22 and $0.22.Repeated examinations of support foundations around $0.22 and resistance barriers near $0.22 defined crucial technical parameters.Decisive rejection from $0.22 at 01:00 succeeded by retracement to $0.22 validated resistance positioning.Trading volume contracted substantially from 138.43 million to 19.74 million tokens during initial phases, indicating reduced momentum.Enhanced volume surpassing 4.3 million tokens throughout the 14:02 interval indicated institutional engagement.Decisive reversal from session minimum of $0.22 at 13:45 validated the conclusion of consolidation dynamics.Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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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

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Tom Lee's Bitmine Immersion Newest Target of Short-Seller Kerrisdale Capital

40 minutes ago

The company's model mimics a failing playbook and lacks transparency and leadership appeal, said Kerrisdale.

What to know:

Kerrisdale Capital announced a short position in ether treasury company BitMine Immersion (BMNR).The firm criticized BMNR’s “reflexive loop” strategy of issuing shares to buy ETH as outdated and unsustainable.Executive Chairman Tom Lee was singled out as lacking the influence needed to sustain investor enthusiasm.Read full story

A sudden 4,455% spike in $XRP’s hourly liquidation imbalance just wiped out $8.14M in bullish bets, and the market’s feeling it

Coming right after $XRP briefly surpassed BlackRock in market cap, the drop shows just how fragile sentiment remains in Uptober’s volatile environment run.

As risk-off sentiment spreads, some traders are already seeking the next breakout opportunities in top altcoins to buy, such as Bitcoin Hyper ($HYPER), Maxi Doge ($MAXI), and Aster ($ASTER).

XRP’s Liquidation Shock
$XRP’s recent move was a complete wipeout. According to Coinglass data, long positions fueled the liquidation imbalance, with bulls losing nearly $25M in 24 hours, including a single hour that wiped out $8.14M.

Source: Coinglass
The price drop knocked $XRP out of the top three cryptocurrencies by market cap, with $BNB reclaiming the spot after its own surge to new all-time highs. Investors who once bet on $XRP’s momentum toward its ATH of $3.66 are now watching confidence fade fast.

This sudden correction highlights how quickly leverage can backfire on traders in a thin market. While $XRP bulls recover from losses, rotation is already underway. The focus is shifting toward trending cryptocurrencies showing real momentum and early upside potential.

1. Bitcoin Hyper ($HYPER) – The Bitcoin Layer 2 That Actually Works
As $BTC stays strong above $122K, traders are shifting into ecosystems that expand Bitcoin’s utility, and Bitcoin Hyper ($HYPER) is at the forefront.

Bitcoin Hyper is a complete Layer 2 scaling solution powered by Solana’s Virtual Machine (SVM). In simple terms, it provides Bitcoin with what it’s always lacked – speed and low fees. That results in instant $BTC payments, DeFi applications, and even meme coins, all secured by Bitcoin’s main layer.

Discover how to buy Bitcoin Hyper in our guide.

Here’s how it works: you bridge your $BTC in, the system verifies it on-chain, then mints the same amount on Bitcoin Hyper’s network. Transactions run sub-second and near-zero cost before settling back to Bitcoin via zero-knowledge proofs.

$HYPER has raised $22.6M, with tokens priced at $0.013085 in presale. In our Bitcoin Hyper price prediction, we cover why we believe $HYPER could reach $0.253 by 2030.

In a week where $XRP’s ‘utility’ narrative took a beating, $HYPER shows what real scalability looks like.

Grab $HYPER before the next presale price jump.

2. Maxi Doge ($MAXI) – Meme Culture Meets the Bull Market Grind
When blue-chip coins wobble, the best meme coins usually get their second wind, and Maxi Doge ($MAXI) is ready to flex. The ultra-ripped cousin of Dogecoin, Maxi Doge channels the degen bull run mindset with muscle, memes, and market discipline.

$MAXI celebrates pure grind culture by never skipping leg day or a 1000x play. The branding is absurd, but it resonates strongly with traders who prioritize conviction and community over charts. With Dogecoin ($DOGE) up 136% in the past year, meme season’s clearly not over.

The project has raised $2.84M so far, priced at $0.000261 per token, and offers a substantial 120% staking APY.

Future tie-ins with leverage and trading platforms hint at deeper utility ahead, giving $MAXI more potential than most meme coins at launch. As traders de-risk from volatile majors like $XRP, meme-driven liquidity is already shifting toward community-first plays.

Maxi Doge isn’t just a meme; it’s a lifestyle token designed for traders who thrive in a fast-paced environment.

Join the $MAXI movement and embrace the grind – the charts don’t lift themselves.

3. Aster ($ASTER) – The DeFi Powerhouse for Pro Traders
Following the chaos of $XRP’s liquidation, traders are rethinking where they park their leverage, and many are pivoting to on-chain solutions. Aster ($ASTER) is emerging as that safe haven: a next-gen decentralized exchange offering MEV-free perpetuals and spot trading across Ethereum, Solana, BNB Chain, and Arbitrum.

Aster also allows users to post yield-bearing assets, such as $asBNB or $USDF, as collateral, thereby boosting capital efficiency for professional traders. The numbers speak for themselves – a $3.47B market cap, $1.49B 24-hour volume, and a 43% volume-to-market capitalization ratio, signaling extremely high attention.

Source: CoinMarketCap
Aster’s roadmap also hints at cross-market integration, connecting crypto and traditional assets through stock perpetuals and hidden orders. This hybrid approach will position $ASTER as a full trading stack built for speed, privacy, and institutional-grade liquidity.

Built on Aster Chain and backed by YZi Labs, the DEX delivers transparent governance – exactly what shaken traders are craving post-$XRP crash. Unlike $XRP’s centralized token dynamics, Aster thrives on openness, efficiency, and community-driven design.

Buy $ASTER on Binance today.

XRP’s 4,335% liquidation spike reminded traders how fast sentiment can flip in crypto. While some panic, others rotate into projects with clearer momentum: from Bitcoin Hyper’s new Layer 2 frontier to Maxi Doge’s meme-fueled community and Aster’s pro-grade DeFi engine.

This article does not constitute financial advice. Crypto carries inherent risks, so please do your own research (DYOR) and never invest more than you are willing to lose.

Authored by Aaron Walker, NewsBTC — https://www.newsbtc.com/news/best-altcoins-to-buy-as-xrp-liquidations-scare-traders

YZi Labs has launched a $1 billion Most Valuable Builder fund offering up to $500,000 per team for BNB Chain projects as the network records 26 million daily transactions and BNB hits new all-time high above $1,330 with $180 billion market cap.

This week, the BNB Chain sector was completely isolated from the noise and put on a bull-market worthy performance.

BNB flips XRP; BNB Chain leads meme rotation.YZi Labs launches a $1B fund for BNB builders.Account breach addressed; listings and treasuries boost momentum.Despite many cryptocurrencies hitting all-time highs, geopolitical uncertainty and an unusually strong precious metals market have left many traders on edge.

But this week, the BNB Chain sector was completely isolated from the noise and put on a bull-market worthy performance.

Here’s how it all unfolded 👇

Put simply, the BNB Chain sector is hot right now.

Since our last update, more than $44 billion has been added to the sector’s market capitalization (mcap), climbing 16.7% week-on-week (WoW).

The bulk of this growth is attributed to the success of BNB (BNB), which leapfrogged XRP (XRP) to become the third-largest cryptocurrency by mcap. It touched an all-time high of >$1,330 after growing 27.6% in a week.

That said, this week’s best performers blew these numbers out of the water, with the top four tokens clocking in upwards of 400% apiece:

ChainOpera AI (COAI): +2,077% (Major exchange listings, incl. Bybit and Aster perps)Giggle Fund (GIGGLE): +660% (Meme season and CZ attention; whales, liquidity pushed toward $100M)DeAgent AI (AIA): +566% (New listings and Binance Alpha/Futures exposure caused a surge)4 (4): +485% (BNB meme rotation)Source: Artemis

BNB Chain also saw a major uptick in several key on-chain metrics, including daily transactions, revenue, and total fees. It is now by far the most popular chain for on-chain trading, confidently surpassing Solana.

BNB Chain Meme SeasonThis update wouldn’t be complete without mentioning the burgeoning BNB Chain meme sector.

It’s on fire this week, with both established and new players showing incredible growth. In one fell swoop, BNB Chain is now the hottest chain for meme coin traders.

According to data from Bubblemaps, approximately 70% of BNB Chain meme traders are now in profit, with tokens like 4 (4), 币安人生 (币安人生), and Four (FORM) leading in terms of trading volume.

As one of the most bullish weeks in BNB Chain history, it is no surprise that it was underpinned by an avalanche of positive developments.

Below, we recap some of the most significant:

YZi Labs Unveils $1B Builder Fund: CZ-founded YZi Labs launched a $1B fund to back founders across AI, DeFi, RWA, wallets, and more on BNB Chain; applications are open via X.

BNB Chain X Account Breach Contained: The official @BNBCHAIN X account was compromised on Oct. 1 with phishing posts; access has been restored and warnings issued.

Binance Alpha Multi-Listing Week: New BNB-ecosystem assets rolled onto Binance Alpha/Futures (e.g., DoubleZero, PoP Planet, Cypher), expanding liquidity and discovery for BNB builders. (see more)

Public Company Discloses Major BNB Treasury: Nasdaq-listed CEA Industries revealed 480,000 BNB in its holdings and a goal to reach ~1% of total supply. This forms another datapoint in the “treasury companies” trend.

>> That’s all for this update. For more BNB Chain insights, click here for our latest news.

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TL;DR

Avalanche combines speed and scalability without compromising security, achieving consensus in under one second.
The protocol only requires a fraction of validators per round, making it significantly faster than Solana and Ethereum.
Aly Madhavji compared the network to the foundation of a house and highlighted its low cost, efficiency, and ease for developers to integrate new applications.

Emin Gün Sirer, founder of Avalanche, said the blockchain industry has moved past its experimental stage and that the main strength of his network lies in combining speed, scalability, and security without compromising any of them.

In an interview with James Heckman and Aly Madhavji, Sirer explained that Avalanche can reach decisions in less than a second thanks to a consensus design that avoids the bottlenecks of traditional models.

He described consensus as the core of every blockchain—the mechanism that keeps balances, transactions, and ledgers synchronized. In Bitcoin, that consensus depends on an energy-intensive mining process.

Why Avalanche Is Different
In classical protocols, validators must all communicate with one another to reach agreement, a structure that, according to Sirer, “doesn’t scale” because it requires every node to participate simultaneously. Avalanche removes that limitation by using a system where only a subset of validators takes part in each decision round, allowing agreements to be processed in under a second. By comparison, he estimated that Solana takes around 12.8 seconds and Ethereum about two and a half minutes.

When asked about the cost of such speed, Sirer stated that it does not come at the expense of security. He explained that Avalanche, like Bitcoin, offers probabilistic guarantees: an error margin exists, but it’s so small that it’s effectively irrelevant. He cited Satoshi Nakamoto, who defended this model by noting that even computer chips operate with extremely low probabilities of error. For Sirer, the speed gains achieved by AVAX come with “virtually zero” security trade-off.

The Foundation of a House
Aly Madhavji, partner at Blockchain Founders Fund, compared Avalanche to “the foundation of a house,” the layer on which applications and services used by end users are built. His fund, which has invested in over 200 blockchain startups, chose AVAX in numerous projects for its speed, low cost, and ease of integration.

Madhavji recalled Ethereum’s early years, when sending a transaction could cost $600 or take six hours, and emphasized that Avalanche has solved most of those limitations.

This Trend Has Marked Local Tops in Bitcoin, but This Time May Be DifferentDespite increasing by 450,000 BTC since July, short-term holders remain below prior highs, signaling tempered market sentiment. Oct 8, 2025, 3:45 p.m.

Short-term holders (STHs) have added roughly 450,000 BTC to their supply since July, now holding around 2.6 million BTC according to Glassnode data.
STHs are defined as investors who purchased bitcoin within the past 155 days.
This increase marks the third distinct cycle of rising STH activity since the start of 2024 and has typically marks a local top in the bitcoin price.
The first peak occurred in April 2024, shortly after bitcoin’s March all-time high of $73,000.
The second peak came in January 2025, aligning with the $110,000 all-time high, and the latest so far, the third peak has followed a new record of $126,000.
Each successive cycle has seen a smaller STH cohort, suggesting that overall market euphoria and speculative behavior are gradually fading.
Across these three peaks, STH supply as a share of total circulating supply has declined from 22% to 20%, and now sits at roughly 18%, according to Glassnode data.
Earlier in Q1 2025, STHs held as much as 2.8 million BTC, but their supply fell to around 2.1 million BTC as bitcoin declined to $76,000. This indicates that STHs were a major driver of the selling pressure seen in April.

In contrast, long-term holders (the inverse of STHs) started to reduce their position over the summer months, distributing roughly 250,000 BTC since July as bitcoin consolidated, now holding 14.5 million BTC.

STORY CONTINUES BELOW

As Bitcoin enters its historically strongest period of the quarter, the expectation is STH supply will continue to increase and make new cycle highs to over 3 million BTC.

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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

Bitcoin’s On-Chain Profitability Has Surged With 97% of Supply Now in Profit: Glassnode

11 minutes ago

Glassnode says bitcoin’s breakout to record highs came on the back of $2.2 billion in ETF inflows and steady accumulation from smaller holders, not speculative hype.

What to know:

Glassnode says bitcoin’s rally to new highs above $120,000 was driven by $2.2 billion in spot ETF inflows and renewed on-chain accumulation.Per on-chain data, smaller and mid-tier investors have been steadily buying, offsetting light profit-taking from larger whales.Despite strong fundamentals, the firm warns that rising leverage and funding rates above 8% could increase short-term volatility.Read full story

DDC Enterprise has raised $124 million at a share price representing a 16% premium, a pricing signal that demonstrates strong investor confidence in its unique model and the long-term value of its Bitcoin treasury strategy.

Summary

DDC Enterprise raised $124 million at a 16% premium, signaling strong investor confidence in its Bitcoin treasury model.
The round, backed by PAG Pegasus and Mulana, supports DDC’s goal to grow holdings to 10,000 BTC by 2025.
DDC’s expansion comes amid growing debate over Bitcoin treasury accounting standards, including NYDIG’s critique of the “mNAV” metric.

According to a press release dated Oct. 8, the publicly-listed company secured the equity financing round from a consortium including heavyweights PAG Pegasus Fund and Mulana Investment Management to advance its Bitcoin (BTC) treasury strategy.

“This financing round contributes not only capital, but also substantial strategic value and momentum as we advance DDC’s position as a global leader in the institutional Bitcoin space. It marks an important step in a broader set of planned financing designed to support our long-term strategy,” the statement read.

Notably, the $10-per-share issuance price landed at a 16% premium to its Oct. 7 closing price, bucking the typical trend of fundraising discounts. Founder and CEO Norma Chu further cemented the show of faith with a personal investment of $3 million, while all participating capital is locked up for 180 days, DDC Enterprise said.

DDC’s Bitcoin ambition meets a crowded, shifting landscape
DDC currently holds 1,058 Bitcoin and is now armed to aggressively pursue its stated goal of amassing 10,000 BTC by the end of 2025. Achieving this would catapult the company into an elite tier of corporate Bitcoin holders, placing it in the same conversation as industry titans.

According to data from BitcoinTreasuries.net, Strategy leads the pack with 640,031 BTC, followed by Marathon Holdings at 52,850 BTC and Japan’s Metaplanet with 30,823 BTC. DDC’s current stack places it well below these giants, but its trajectory and financing approach suggest a measured strategy aimed at long-term positioning rather than short-term optics.

The company’s ambition to join the upper tier of Bitcoin treasuries also coincides with a wave of new entrants like Amsterdam-based Amdax, which recently raised $35 million to launch a European Bitcoin treasury targeting 1% of total supply, or roughly 210,000 BTC.

However, as this new asset class matures, it is attracting increased scrutiny. Regulators and established industry players are beginning to question its accounting practices. Notably, NYDIG has recently called for Bitcoin treasury companies to abandon the “mNAV” metric, labeling it misleading.

The financial firm argues that mNAV fails to accurately account for a company’s operating business and relies on assumed shares outstanding, potentially presenting a distorted view of value to investors.

TL;DR

Institutional adoption: Wealth managers like Morgan Stanley and Wells Fargo are approving bitcoin ETF allocations, signaling broader acceptance.
Price momentum: Bitcoin’s surge above $125,000 has historically aligned with billions in ETF inflows, fueling investor enthusiasm.
Debasement trade: With money supply up 44% since 2020, gold and bitcoin are top performers, driving record ETF demand.

Bitwise Asset Management is projecting a record-breaking fourth quarter for U.S. spot Bitcoin ETFs, with inflows expected to surpass the $36 billion total set in 2024. Chief Investment Officer Matt Hougan told clients that despite a slower pace earlier this year, the final months of 2025 are primed for a surge, fueled by wealth manager approvals, Bitcoin’s price momentum, and the growing appeal of the so-called debasement trade.

Wealth managers open the gates
Institutional adoption is gaining traction as major firms like Morgan Stanley and Wells Fargo introduce formal crypto allocation policies. Morgan Stanley now recommends allocations of 2% to 4% for higher-risk portfolios, while Wells Fargo has also cleared advisors to include Bitcoin ETFs. UBS and Merrill Lynch are expected to follow, signaling a broad shift across advisory networks. Hougan noted that conversations with advisors reveal pent-up demand, suggesting inflows could accelerate as year-end reviews approach.

Bitcoin price surge drives attention
Bitcoin’s rally past $125,000 in early October, before settling near $122,744, has reignited investor enthusiasm. Historically, double-digit quarterly returns have coincided with double-digit billions in ETF inflows. Bitwise argues that renewed media coverage and investor attention will likely sustain momentum, with Hougan pointing to early Q4 flows of $3.5 billion as evidence of strong appetite.

The debasement trade narrative
The debasement trade, a strategy favoring assets that benefit from currency erosion, is becoming mainstream. With the U.S. money supply up 44% since 2020, both gold and Bitcoin have emerged as top-performing assets. JPMorgan recently highlighted the trend, and Hougan expects advisors to add exposure to capture performance. The narrative is resonating with investors seeking protection against inflationary pressures, positioning Bitcoin ETFs as a key beneficiary.

Record inflows are already building
In just the first days of Q4, Bitcoin ETFs have attracted $3.5 billion in net flows, bringing the year-to-date total to $25.9 billion. Another $875.6 million was added Tuesday, led by BlackRock’s IBIT with $899.4 million. On Monday, ETFs recorded their largest daily haul since November 2024, pulling in $1.21 billion. Hougan believes surpassing $36 billion by year-end is not only possible but likely, with 64 trading days left to capture another $10 billion.

The cryptocurrency market has seen a remarkable surge in October, with Ethereum (ETH) and Solana (SOL) leading the pack among major altcoins. Both tokens have experienced over 12% gains in just the past week, drawing attention from retail and institutional investors alike.

Pi Coin trades at $0.239 after a failed bullish crossover, with bearish sentiment deepening as the token diverges from Bitcoin’s market trend.Correlation with Bitcoin fell to -0.24, signaling weak investor confidence and limited participation as momentum continues to fade.A drop toward $0.200 or $0.184 ATL is likely unless Pi reclaims $0.270 support, which could spark a short-term rebound to $0.286.Pi Coin has been trading sideways for several weeks, showing little momentum despite broader market activity. The altcoin’s consolidation phase now appears to be breaking down as market conditions deteriorate, pushing prices lower. 

Recent indicators suggest that the token could be heading toward a deeper correction if bearish sentiment persists.

Pi Coin Is Not Following BitcoinPi Coin’s correlation to Bitcoin has dropped to a negative 0.24, indicating that it is currently moving independently of the broader crypto market. This detachment is unfavorable, as Bitcoin’s recent gains have historically lifted smaller altcoins. Pi’s inability to follow this pattern highlights weakening investor confidence and diminished market participation.

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This negative correlation also suggests that Pi Coin may struggle to capitalize on Bitcoin’s rally in the near term. Without a strong alignment with Bitcoin’s bullish cycle, Pi Coin risks further downside pressure as investor enthusiasm fades.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Pi Coin Correlation To Bitcoin. Source: TradingViewFrom a technical standpoint, Pi Coin’s Moving Average Convergence Divergence (MACD) indicator was on the verge of a bullish crossover last week. Such a signal typically marks the beginning of a recovery phase after an extended downtrend. 

However, worsening market conditions disrupted this momentum, delaying the reversal and extending the token’s two-week bearish streak. The failed crossover highlights the fragile state of Pi Coin’s momentum. Instead of confirming an uptrend, the indicator now suggests continued weakness. 

Pi Coin MACD. Source: TradingViewPI Price Needs To Reclaim SupportAt the time of writing, Pi Coin is trading at $0.239, just below the $0.240 threshold. The token has declined nearly 9% in the past 24 hours, reflecting growing selling pressure. Unless demand returns, Pi could continue to lose value in the coming days.

Based on current indicators, Pi Coin’s price could drop toward $0.200, with a possible retest of its all-time low (ATL) at $0.184—roughly 23% below current levels. Sustained bearish conditions would make this scenario increasingly likely.

Pi Coin Price Analysis. Source: TradingViewConversely, if the broader crypto market stabilizes, Pi Coin could stage a rebound. A move above $0.270 would invalidate the bearish outlook, paving the way for a recovery toward $0.286 and potentially higher levels.

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.

As part of the arrangement, Jupiter plans to “progressively convert” about $750 million of USDC from its Liquidity Provider Pool into JupUSD.

Canary cracks open the first official HBAR ETF ticker, raising approval odds to an all-time peak.

9 minutes ago

The last two times Dogecoin price rallied 300% and 445% after its monthly RSI produced a bullish cross, and the same signal has now flashed again.

138

Key takeaways:

DOGE price previously rallied 445% from an RSI bullish cross that’s again in play.

A possible breakout from an ascending triangle targets $0.65 in the days ahead.

Bullish analysts say DOGE price can reach $1 for the first time in the next few months.

Dogecoin’s (DOGE) relative strength index (RSI) produced a bullish signal in Q4 2024, a period that saw DOGE’s price rise by about 445% within a few months.

A similar DOGE price fractal is now unfolding on the charts, with a potential breakout in the coming weeks.

Past DOGE rallies saw 300% and 445% gainsThe Relative Strength Index, or RSI, is a popular momentum indicator used in technical analysis that helps traders identify the strength and direction of a trend in an asset’s price.

The indicator has produced a “bullish cross” on the monthly chart, as shown in the figure below.

Previous instances show that DOGE tends to rise sharply when the RSI line (purple) crosses above the SMA line (orange). The cryptocurrency’s gains were 302% between October 2023 and April 2024 and 445% in Q4 2024.

BTC/USD monthly chart. Source: Cointelegraph/TradingView“Whenever this signal flashes on $DOGE, pay attention,” said analyst Mikybull Crypto in an X post on Sunday, adding:

“This only indicates that a big move is imminent.”The chart above also reveals that the bullish cross of the RSI also aligns with the price retesting the 20-period simple moving average on the same time frame.

This is usually followed by a “huge bullish move,” Mikybull Crypto wrote, adding:

“$DOGE is ready to $1 from the bullish move that’s about to hit.”Will DOGE jump 160%?An ascending triangle formation on the two-day chart indicates a strengthening bullish outlook, with upside targets around $0.65, or a 161% increase from current price levels.

DOGE/USD two-day chart. Source: Cointelegraph/TradingViewAnalyst Mags is optimistic about much higher gains ahead, however, citing institutional interest from Dogecoin treasury companies and possible spot ETF approvals, which are expected in mid-October.

Dogecoin’s “God candle is incoming,” the analyst said in an X post on Tuesday.

An accompanying chart showed that DOGE’s breakout from a multimonth downtrend could see the top memecoin blast past the 2021 all-time highs above $0.73 toward $1.20.

“$DOGE to $1 + is inevitable.”DOGE/USD chart. Source: MagsAs Cointelegraph reported, multiple onchain and technical indicators also paint a picture for a DOGE price rally in Q4 2025.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

YZi Labs, the venture investor closely affiliated with Binance co-founder Changpeng Zhao, has launched a $1 billion Builder Fund for founders and developers in the BNB Chain ecosystem amid the Binance-backed token's latest strong leg up.

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.

Binance Coin (BNB) has been bullish in the last 30 days as the altcoin gained 49.99%, and 28.83% within the past seven days. The asset's growth trajectory suggests that BNB still has room for a further rally that could see it hit $1,500 in the ongoing bull run.

Institutional partnerships fuel BNB's utility and market confidenceAs per CryptoQuant data, an on-chain platform, Binance Coin’s rise to its current level above $1,300 is not just hype or speculative trading. Rather, BNB climbed on the back of fundamental structural and institutional changes, which are now paying off in the form of price gains.

The data analytics platform suggests that BNB’s rise is not a fluke but is supported by real demand and increased institutional adoption. Traditional finance institutions have collaborated with Binance to increase their utility and value.

Why BNB Reached $1,300

“In essence, liquidity concentration, deflationary supply mechanics, and stronger institutional ties have redefined BNB from a simple exchange token into a cornerstone asset bridging Web3 and traditional finance.” – By @xwinfinance pic.twitter.com/XKsHMMwa4M

— CryptoQuant.com (@cryptoquant_com) October 8, 2025 Notably, Franklin Templeton, the asset management firm with over $15 trillion in assets under management, has collaborated with Binance, the parent company, to develop tokenized securities. This implies that traditional assets like bonds are represented on the blockchain, a development that adds to the value of the coin via utility.

Additionally, the new crypto-as-a-service (CaaS) allows banks and brokerage firms to offer crypto services with BNB. These all serve as catalysts, as the coin serves as a link between the Web3 system and traditional finance.

The institutional adoption and regulatory stability that Binance has enjoyed have also contributed to the increasing investor confidence. Many are comfortable committing funds to Binance, and the ecosystem has maintained a regular quarterly burn of BNB to tighten the supply.

BNB could hit $1,500 and beyondWith limited supply, the price has continued to appreciate, and it looks likely to hit $1,500 next. As of press time, BNB traded at $1,308.33, which represented a 0.5% decline in the last 24 hours. The coin shed $24 as the broader crypto market fell by 2.08% within this time frame.

Despite a slight correction, market participants are still bullish, as seen with the trading volume, which has surged by 38.33% to $10.66 billion. The uptick suggests that investors are confident of further upside movement for Binance Coin.

Interestingly, in August 2025, Binance founder Changpeng Zhao and other analysts made projections that BNB could soar by 230% to take the price to $2,140. By their estimate, this should happen before the end of 2025.

With market participants anticipating $1,500 now, if the coin flips, $2,000 remains likely. 

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Ripple’s University Blockchain Research Initiative (UBRI) showcased how academic research is being fused directly into the XRP Ledger (XRPL), positioning the network as a native home for agentic AI.

In an episode of UBRI’s “All About Blockchain” podcast, host Lauren Weymouth and Professor Yang Liu of Nanyang Technological University detailed a programmable multi-agent execution layer that plugs into XRPL’s transaction and settlement rails so that task-specific agents—trading bots, research tools, IoT services—can live on shared, auditable infrastructure.

Ripple And NTU Build AI Layer For The XRP Ledger
RippleX teased the episode via X: “AI and blockchain are the future of secure, time-saving applications. In the latest episode of the All About Blockchain podcast, Professor Yang Liu of Nanyang Technological University (@NTUsg) explores how AI could enhance the XRP Ledger with: Smarter fraud detection, sharper analysis, new forms of onchain intelligence.”

AI and blockchain are the future of secure, time-saving applications.

In the latest episode of the All About Blockchain podcast, Professor Yang Liu of Nanyang Technological University (@NTUsg) explores how AI could enhance the XRP Ledger with:

➡️ Smarter fraud detection

➡️…

— RippleX (@RippleXDev) October 7, 2025

Weymouth framed the work explicitly around XRPL, noting that UBRI researchers used Apex to “deep dive into protocol level improvements, security enhancements and use cases driving strategic developments on the XRP Ledger.” She said Ripple’s own UBRI research search tool on xrpledgercommons.org “is being ported as a flagship pump agent app with middleware that they built,” underscoring that the agent stack is being woven into ledger rather than kept as an off-chain convenience layer. The goal, she added, is to show “how academic R&D becomes production-grade innovation” on the ledger itself.

Liu traced the origin of the project from his lab’s cybersecurity focus to blockchain, driven by the reality that “security becomes the kind of number one quest” once value moves on-chain. Early attempts to lean on large language models for smart-contract review ran into a structural problem: “You change one character, you can change a normal program to a vulnerable program and vice versa. But the language model is a probabilistic model. They cannot tell the tiny difference.” That gap between code syntax and runtime behavior pushed the team toward agentic AI—systems that imitate the workflows of expert auditors and attackers and can be deployed as on-ledger services.

“We are really trying to digitize the knowledge and thinking from the security hackers and convert that into the brain of the agent,” Liu said. In single-contract benchmarks, the agents “generated really zero-day vulnerabilities,” with results “the same as our security auditor in-house” in certain cases. For XRPL, the implication is practical: the network can host agents whose methods and outcomes are traceable through on-chain settlement and shared rails, improving accountability for automation that touches value.

Critically for the audience, Liu emphasized that “integration with the XRP kind of platform” serves two functions. First, it gives AI agents native access to payments and settlement. Asked about wiring an XRP payment into the agent layer, he answered, “To be frank, I think there won’t be much hurdles… partly due to the kind of nice platform design of XRP Ledger.”

Second, XRPL’s transparency turns AI adoption into an observable process. “Because the ledgers are on-chain… all the transactions are transparent. So, that can also improve the transparency of AI adoption,” he said. In other words, agents that trigger payments, manage fees, or coordinate services can be coupled to verifiable state changes on XRPL rather than remaining opaque, off-ledger automata.

What To Expect Next
Weymouth pressed on the production path for XRPL-facing software, and Liu’s answer returned to disciplined release cycles that matter on a live ledger: “well-defined… API and documentation, plus the kind of solid testing about this integration.” He added that his group is using agents for software engineering itself—“requirement agent, architect agent, coding agent, testing agent”—to harden the middleware that sits between agent logic and XRPL primitives.

The team’s cautionary notes on AI risk were also grounded in the reality of automating value on a public chain. Liu distinguished AI security—preventing jailbreaks and scams—from AI safety, where goal-seeking agents exhibit unintended behavior. He described a chess agent that “changed configuration of the chess board… and he wins,” and a claims agent that “automatically create a email account… to represent the owner.” If such behaviors are pointed at on-ledger actions, the attack surface includes not only code but also misaligned objectives that could move funds or alter state. “AI safety… become the big thing,” he warned, which is why the team is intent on pairing XRPL integration with guardrails and verification.

Looking forward, Liu laid out a roadmap for the agent layer that keeps XRPL at the center. Adoption is the immediate priority: “people will do the adoption… we can build more agents and more, uh, useful utility agents into the chain and have them widely adopted.” The research agenda behind that push focuses on implementable cognitive capabilities—“abstraction” and “memory” featured prominently—that today’s language models lack but that agents operating around an on-chain transaction engine will require.

“We need to have a dedicated abstraction capabilities… and the memory ideas,” he said, including mechanisms to move information from short-term buffers into “long-term… semantic memory,” so agents interacting with XRPL can reason over state and history rather than react statelessly.

Security remains the proving ground for those capabilities, with the lab exploring whether a memory-augmented agent can learn to detect new vulnerability classes over time. The motif is consistent: design agents that can improve, embed them where their actions and payments are visible, and couple them to XRPL so that automation has both native settlement and public accountability.

Weymouth closed with a practical question for builders in the community. Liu’s advice was blunt and product-driven: “You need to understand what is the value of the research you’re working on. If the research has value, it’s definitely have the demand… the possibility to make a successful startup. Follow your heart, choose the most valuable topic for you, and chase for it.”

For Ripple and NTU, that chase has already put an AI-agent superstructure within reach of the XRP Ledger. From an academic white paper to live middleware “in under a year,” as Weymouth noted, the effort aims to let developers deploy agents that transact in XRP, inherit common security and settlement rails, and leave a transparent footprint on-chain. Whether branded as giving the ledger an “AI brain” or simply making automation verifiable by default, the direction is clear: AI agents aren’t just integrating with the XRP Ledger—they are learning to operate on it.

At press time, XRP traded at $2.85.

XRP gets rejected at the 0.786 Fig again, 1-day chart | Source: XRPUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

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After rebounding from its 200-day EMA band in early October, LTC price is showing signs of resurgence following a correction phase through Q3. With the probability of a Litecoin spot ETF approval rising, strengthening on-chain activity, and institutional enthusiasm building, the asset looks primed for a potential next leg upward.

Litecoin ETF Progress Sparks Renewed OptimismA major catalyst for the renewed excitement is the Litecoin ETF development. Canary recently filed an S-1 amendment for a spot Litecoin ETF with the ticker LTCC, marking a critical regulatory step toward potential approval. 

My take on the 95bp fee. It's pricey vs spot btc, but pretty normal to see higher fees for areas that are new to being ETF-ed and increasingly niche. That said, if there's flows other issuers will no doubt come and Terrordome that sht with cheaper products.

— Eric Balchunas (@EricBalchunas) October 7, 2025 According to Bloomberg analyst, such amendments often precede final decisions, suggesting that the ETF could soon enter its last stage of review.

However, the ongoing U.S. government shutdown has added an element of uncertainty, potentially delaying the Securities and Exchange Commission’s (SEC) response. 

Despite this, market confidence remains notably high. Data from Polymarket, a decentralized prediction platform, shows traders assigning a 96% probability that a Litecoin ETF will be approved before the end of 2025. 

This sentiment indicates growing institutional faith in the project’s regulatory prospects and long-term potential.

Technical Structure Strengthens Around Key LevelsFrom a technical perspective, the Litecoin price chart paints a tightening structure as LTC consolidates near the upper boundary of a symmetrical triangle pattern.

The LTC price today remains steady above $116, a key level that traders are closely watching for breakout confirmation.

The pattern indicates a compression phase that often precedes significant expansion. Analysts have outlined target levels at $140, $180, and $285 once a confirmed breakout materializes. 

Such a move could represent the start of a stronger bullish phase, particularly if volume surges alongside ETF progress.

#LTC Symmetrical Triangle Upper Border Test👀

Litecoin is testing the upper boundary of the triangle pattern with consolidation tightening on the weekly timeframe🧐

Target levels after breakout confirmation:
🎯 $140
🎯 $180
🎯 $285

Patience in consolidation creates power in… pic.twitter.com/6j6oDfNUzd

— Jonathan Carter (@JohncyCrypto) October 7, 2025 Historically, prolonged consolidation in Litecoin’s structure has often led to rapid directional moves. 

Hence, the current tightening could be seen as the calm before a larger expansion, aligning with the broader market’s anticipation of fresh catalysts.

The immediate focus remains on the LTC price USD range between $115 and $120. A decisive close above the upper resistance line could validate the breakout thesis and propel the asset toward its next targets. 

Conversely, if consolidation persists, accumulation may extend through mid-October before a more definitive move occurs.

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Bitwise Chief Investment Officer Matt Hougan points to growing institutional concern over fiat currency debasement and robust inflows into Bitcoin ETFs as key drivers behind Bitcoin's surge to new all-time highs.

What Happened: In a CoinDesk interview on Tuesday, Hougan said he expects ETF inflows could reach $10–$20 billion in Q4 alone.

Hougan also reaffirmed his year-end target of $200,000 for Bitcoin (CRYPTO: BTC), contingent on continued ETF activity and adoption by corporate or government entities.

While Bitcoin remains a primary market driver, he noted that other assets, such as Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), and XRP (CRYPTO: XRP) are gaining attention as the market narrative increasingly centers on stablecoin issuance and tokenization.

Solana's High Institutional Adoption

Hougan said that while Ethereum benefits from established market share and decentralization, Solana is gaining Wall Street's attention due to its speed and infrastructure tailored for institutional use.

He noted that even modest institutional interest in Solana could drive significant price appreciation.

The potential launch of Solana ETFs is expected to improve investor access and awareness, while the network's relatively small market capitalization compared to Bitcoin presents an opportunity for rapid gains.

Although early meme coin activity on Solana initially drew skepticism, Hougan argued it ultimately showcased the network's technical capabilities, signaling strong potential for institutional adoption.

Also Read: Bitcoin Could Reach $150,000 If Q4 Seasonality Delivers, Trader Says

Why It Matters: Hougan highlighted Bitwise's ongoing efforts to uplist its 10-crypto index fund into an ETF, noting that government shutdowns have slowed progress with the SEC.

While he remains optimistic about future approvals, he emphasized that regulatory uncertainty continues to constrain market growth and innovation.

Overall, Hougan painted a bullish outlook for crypto, particularly in stablecoins, tokenization, and DeFi, while stressing the importance of diversification and monitoring regulatory developments.

Read Next:

Bitcoin Holds Near $122,000 On Sentiment Shift, Ethereum, XRP, Dogecoin Slide
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Bitcoin and Ether ETFs Saw Big Inflows Tuesday as Investors Bought DipThe spot bitcoin funds drew in nearly $900 million, while the ether ETFs pulled more than $400 million. Oct 8, 2025, 2:46 p.m.

Bitcoin BTC$122,230.42 and ether ETH$4,447.06 prices dropped sharply on Tuesday, but that didn’t stop investors from pouring cash into crypto funds.

Spot bitcoin exchange-traded funds (ETFs) took in $876 million, according to data from Farside Investors. Combined with $1.2 billion in inflows on Monday as investors reacted to new record price over the weekend, the BTC funds have drawn in a fresh $2 billion in just the first two days of thew eek.

STORY CONTINUES BELOW

Ether ETFs, meanwhile, also saw a wave of demand, pulling in $420 million Tuesday, their strongest day of inflows this month. For the first two days of the week, the ETH funds have pulled in more than $600 million.

The wave of cash came as prices fell sharply, with bitcoin dropping 2.7% and ether by 5%.

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

Tom Lee's Bitmine Immersion Newest Target of Short-Seller Kerrisdale Capital

3 minutes ago

The company's model mimics a failing playbook and lacks transparency and leadership appeal, said Kerrisdale.

What to know:

Kerrisdale Capital announced a short position in ether treasury company BitMine Immersion (BMNR).The firm criticized BMNR’s “reflexive loop” strategy of issuing shares to buy ETH as outdated and unsustainable.Executive Chairman Tom Lee was singled out as lacking the influence needed to sustain investor enthusiasm.Read full story

Jupiter Exchange has announced the launch of JupUSD, its native Solana-based stablecoin developed in partnership with Ethena Labs. The stablecoin is built using Ethena's Stablecoin-as-a-Service stack and will integrate across the entire Jupiter ecosystem, including lending, trading, and perpetual markets.

Published
October 8, 2025 9:33am EDT

First 43 refreshed aircraft available by end of October with fixed recline design in economy class Canadian airline WestJet has introduced updated cabin interiors on select Boeing aircraft, adding three distinct seat classes and charging extra for seats that can recline.

The changes were announced by the airline on Sept. 23, and by the end of October, the first 43 refreshed Boeing 737-8 MAX and 737-800 will be available for passenger travel.

"The modern cabin experience will offer a bright, airy atmosphere with an upgraded design that features new seats, adjustable headrests and enhanced cushion and back support with a fixed recline design in Economy that helps preserve personal space," WestJet said in a press release.

Seat classes include premium, extended comfort and economy. Those wanting their seats to recline will need to book premium, and only 12 exist per plane. 

THESE ARE THE TOP GLOBAL AND US AIRLINES BASED ON NEW RANKINGS: 'LIKE FLYING PRIVATE'

Two WestJet Boeing 737 MAX 8 and Boeing 737-700, are pictured at Calgary International Airport in Alberta, Canada, on Aug. 6, 2025. (Artur Widak/NurPhoto / Getty Images)

WestJet explains the changes to passengers on its website, even stating that the back of the cabin rows 20–31 offer the least amount of space. 

SPIRIT AIRLINES FURLOUGHING 1,800 FLIGHT ATTENDANTS JUST BEFORE CHRISTMAS TRAVEL SEASON

A WestJet 737 airplane arrives at Toronto Pearson International Airport in Mississauga, Ontario, on Sept. 9, 2025. (Mike Campbell/NurPhoto / Getty Images)

"WestJet has always been a pioneer in making air travel available to Canadians, largely through keeping costs low to offer affordable airfare," Samantha Taylor, WestJet executive vice president and chief experience officer, said in a statement. 

WestJet's Boeing cabin reconfiguration now includes three seat classes on dozens of planes. (Westjet / Fox News)

CLICK HERE TO READ MORE ON FOX BUSINESS

"The layout for our refreshed cabin caters to our guests’ diverse preferences. Whether they opt for Premium seating with extra amenities and legroom or for more affordable ticket prices with less space, we’re excited to introduce this range of products for our guests to enjoy," she said. 

Key Takeaways Pfizer's deal with Trump cuts drug prices, boosts U.S. investment and lifts pharma sector sentiment.Investor optimism grows as major drugmakers eye similar tariff-free pricing agreements with Trump.J&J, Bayer and Novartis show strong growth momentum, making them attractive pharma investment picks.
Late last month, Pfizer (PFE - Free Report) announced a landmark deal with the Trump administration to cut drug prices and expand U.S. innovation and manufacturing.

Under the deal, Pfizer agreed to slash prices of some of its drugs to align their cost with those in comparable developed countries, supporting President Trump’s Most Favored Nation (MFN) pricing proposal. The company will also offer significant discounts on key treatments through the new direct purchasing platform, TrumpRx.gov.

In exchange, Pfizer will receive a three-year exemption from tariffs on pharmaceutical imports if it increases U.S. manufacturing investment. To that end, Pfizer has committed an additional $70 billion over the coming years to strengthen its U.S. research and production footprint.

Pfizer’s drug-pricing deal with Trump seems to have alleviated the two biggest concerns surrounding the drug and biotech industry this year – tariff and MFN pricing.

The goal of Trump’s proposed MFN pricing policy is to ensure that U.S. consumers pay the same price for some prescription drugs as in some comparably developed nations. It is feared that such a policy, if implemented, can hurt prices and reimbursement of prescription drugs.

As regards tariff, President Trump had threatened to impose heavy tariffs, as high as 250%, on pharmaceutical imports. Trump’s repeated threats to impose tariffs on pharmaceutical imports were aimed at pushing American pharma companies to shift pharmaceutical production back to the United States, primarily from European and Asian countries.

The PFE-Trump deal set off a surge in stocks of large drug stocks like Merck (MRK - Free Report) , AstraZeneca, AbbVie and Eli Lilly, among others, as these drugmakers could be the next in line to sign similar deals with the Trump administration. Many of the large drugmakers have already committed to investing billions to boost domestic investments.

The deal, along with a recent surge in M&A activity, has improved investor outlook toward the pharma sector, which has struggled this year due to tariff and pricing fears and broader macro headwinds. The deal between Pfizer and Trump has raised hopes of a sustainable sector recovery, as Trump offers to hold off the tariffs on pharmaceutical imports to sign similar deals with other drugmakers

The SPDR S&P Biotech exchange-traded fund (XBI) is up 9.2% in a month and 15.1% YTD. The Large Cap Pharma sector has risen 8.4% in a month and 8.1% YTD.

Image Source: Zacks Investment Research

With the drug/biotech industry riding high, we discuss three large drugmakers, J&J (JNJ - Free Report) , Bayer (BAYRY - Free Report) and Novartis (NVS - Free Report) , which can prove to be great inclusions in your portfolio. These companies have seen their stock prices rise this year, as seen in the chart below.

Image Source: Zacks Investment Research

Bayer’s Pharmaceuticals Unit Driving GrowthBayer’s key drugs, Nubeqa for cancer and Kerendia for chronic kidney disease associated with type II diabetes, are fueling growth in its Pharmaceuticals division, making up for the decline in sales of oral anticoagulant Xarelto. Bayer is also working to expand the labels of Nubeqa and Kerendia, which, if successful, can further drive growth.

The company also plans to launch two new drugs in 2025 — elinzanetant, a hormone-free treatment for menopause symptoms, and acoramidis, a drug for the treatment of a specific form of heart disease.

The Crop Science business also posted an increase in sales in the second quarter after being under pressure over the past few quarters. The Consumer Health segment was  soft in the first half of 2025.

This Zacks Rank #1 (Strong Buy) company’s shares have risen 65.5% so far this year. You can see the complete list of today’s Zacks #1 Rank stocks here.

Estimates for its 2025 earnings per share have increased from $1.28 to $1.33 over the past 90 days, while those for 2026 have increased from $1.35 per share to $1.38 per share. 

J&J’s Innovative Medicine Unit Strong, MedTech ImprovingJ&J’s Innovative Medicine unit, which makes drugs, is showing a growth trend, despite the loss of exclusivity (LOE) of blockbuster drug, Stelara, and the negative impact of the Part D redesign. J&J expects continued growth in the second half of 2025 to be driven by its key products such as Darzalex, Tremfya, Spravato and Erleada, as well as new drugs like Carvykti, Tecvayli and Talvey and new indications for Tremfya and Rybrevant. J&J’s MedTech segment sales improved in the second quarter from the first-quarter levels, driven by Cardiovascular, Surgery and Vision, which are likely to drive growth in the second half too.

J&J is also rapidly advancing its pipeline, attaining significant clinical and regulatory milestones that will help accelerate growth through the back half of the decade. J&J has also been on an acquisition spree, with the latest acquisition of Intra-Cellular Therapies strengthening its presence in the neurological and psychiatric drug market.

J&J expects operational sales growth in both the Innovative Medicine and MedTech segments to be higher in the second half than in the first.

J&J has a Zacks Rank #2 (Buy).

The stock has risen 30.6% year to date. The Zacks Consensus Estimate for 2025 earnings has risen from $10.62 per share to $10.86 per share, while that for 2026 has risen from $11.00 per share to $11.37 per share over the past 90 days.

Key Drugs Boost Novartis’ Top-Line GrowthWith the separation of Sandoz, Novartis has become a pure-play pharmaceutical company.  Its performance has been good in the last few quarters. Novartis maintains strong momentum on the back of a strong and diverse portfolio with drugs like Kisqali, Kesimpta, Pluvicto and Leqvio. The uptake of Pluvicto and Scemblix has been outstanding and should propel top-line growth. Approval of new drugs and label expansion of existing drugs should enable Novartis to offset the adverse impacts of the generic competition of key drugs.

Novartis is also looking to solidify its presence in the promising gene therapy space. The recent spate of acquisitions and collaborations has strengthened its pipeline. However, generic erosion of some drugs and recent pipeline setbacks are a concern. One of its top drugs, Entresto, is likely to lose patent protection. 

Novartis has a Zacks Rank #3 (Hold) at present. The Zacks Consensus Estimate for this Swiss drugmaker’s 2025 EPS has increased from $8.92 to $9.03 over the past 90 days, while that for 2026 has risen from $9.27 to $9.41 during the same timeframe. The stock has risen 35.2% so far this year.