Market Signal Briefing

Key NotesKuCoin has launched KuPool, a new mining pool service starting with Dogecoin and Litecoin.The platform will feature a transparent, trust-based hash rate verification model.Bitcoin mining support and additional proof-of-work tokens will be added soon.
Seychelles-based crypto exchange KuCoin has announced the launch of its new mining pool service, KuPool.

The initiative offers support for proof-of-work (PoW) assets such as Dogecoin

DOGE
$0.20

24h volatility:
2.2%

Market cap:
$29.64 B

Vol. 24h:
$1.95 B

, Litecoin

LTC
$93.89

24h volatility:
1.4%

Market cap:
$7.18 B

Vol. 24h:
$670.68 M

, and soon Bitcoin

BTC
$110 022

24h volatility:
1.7%

Market cap:
$2.19 T

Vol. 24h:
$63.78 B

.

The move expands KuCoin’s growing ecosystem by integrating the new mining pool with its existing KuMining platform.

Big news from KuCoin!

We’re proud to announce the official launch of #KuPool, a next-gen mining pool designed to bring secure, transparent, and verifiable crypto mining to the world.
🔗 https://t.co/nUm1qxyvgz

#KuCoin #CryptoMining pic.twitter.com/r3INJPDh8m

— KuCoin (@kucoincom) October 23, 2025

According to KuCoin, KuPool is designed to prioritize trust and security, giving miners a fairer way to earn rewards. It uses a verifiable hash rate mechanism that allows miners to track their contributions and payouts in real time.

KuPool will also employ low-latency technology and multi-layer encryption to protect user assets, while maintaining global compliance. The company said that the platform is suitable for both professional miners and newcomers.

KuCoin stated that the long-term goal for KuPool is to promote a more balanced global hash rate distribution, helping decentralize mining power. It aims for sustained hash rate growth, stable returns, and strong miner retention.

Interestingly, KuCoin is expecting the support for Bitcoin mining, the most dominant PoW asset, to be added shortly. It also plans to integrate other merged mining assets such as BELLS.

KuCoin’s Broader Expansion and Global Reach
KuCoin’s launch of KuPool comes amid a period of rapid global expansion for the exchange.

In 2025, the company surpassed 40 million registered users worldwide while celebrating its eighth anniversary. The exchange now records over $11.6 billion in daily trading volume and lists more than 1,000 crypto tokens.

Earlier this year, KuCoin launched its $2 billion “Trust Project,” a major initiative to enhance transparency and security across the crypto sector.

More recently, KuCoin Pay partnered with SPAR supermarkets in Switzerland, enabling everyday crypto payments.

KuCoin is also expanding its presence in Southeast Asia, becoming the first international exchange to join Thailand’s G-Token initiative, a government-backed program for tokenized bonds.

It signed an MoU with Vietnam’s Blockchain and Digital Assets Association to foster blockchain development.

With KuPool, KuCoin aims to extend its influence even further, bridging mining, trading, and payment services into one comprehensive ecosystem.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

Parth Dubey on LinkedIn

TL;DR

Real-world asset (RWA) tokenization on Solana has surpassed $700 million in value.
The number of RWA holders on the network grew by 18.28% in the last month, reaching 92,526.
Solana’s on-chain economy is strengthening with a 17.5% growth in stablecoin market capitalization.

The real-world asset (RWA) tokenization sector on the Solana blockchain has surpassed the $700 million mark, reflecting a growing trend of merging traditional markets with blockchain technology.

The RWA sector involves digitizing the ownership of tangible or intangible assets, such as real estate, treasury bills, or artworks, using the blockchain. Solana’s ability to handle a massive volume of transactions at significantly low costs has positioned it as an ideal infrastructure for these innovations.

 Growth is not only measured in total value locked but also in user confidence. According to recent data, the number of RWA asset holders on Solana has increased to 92,526, representing a significant 18.28% increase in the last 30 days.

This increase confirms greater confidence from both institutional and individual investors, who see Solana as a viable blockchain for optimized tokenization and consider tokenized investments as valid alternatives to traditional assets. Currently, Solana hosts 94 distinct tokenized RWAs, offering diversification that strengthens the ecosystem.

Solana’s Technological Advantage
Solana’s suitability for the RWA sector is based on its superior technical architecture. Thanks to its unique Proof-of-Stake (PoS) and Proof-of-History (PoH) mechanisms, the network is capable of processing over 65,000 transactions per second (TPS).

A recent report from Syndica’s blog highlighted that Solana has maintained a speed 6 times faster than any other chain for eight consecutive months. This high-performance capability is essential for handling large-scale real-world asset tokenization, which requires fast and efficient processing.

Parallel to the boom in RWA assets on Solana, the network’s on-chain economy shows robust health. The stablecoin market on Solana experienced a 17.5% increase last month, reaching a market capitalization of $14.74 billion.

 Even more impressively, stablecoin transactions skyrocketed by 68.44% in one month, reaching $542.87 million. This solid stablecoin infrastructure, which has 11.78 million holders, provides the liquidity and necessary tools (like on-chain trading and payments) to support the burgeoning RWA ecosystem.

Bunni shuts down after losing $8.4M in a September hack, unable to cover recovery costs.

The platform was exploited via Ethereum and Unichain vulnerabilities; the site closed immediately.

Decentralized exchange Bunni has declared the shutdown of operations following a security breach of $8.4 million in September. The platform is the second significant cryptocurrency project to go out of business this week, following layer-1 blockchain Kadena.

The team disclosed that it had inadequate finances to proceed with development and re-establish the security of the platform after the disastrous exploit. The six or seven figures in auditing and monitoring costs alone would be needed to recover, and the protocol just cannot afford that anymore.

Financial Strain Forces Difficult Decision
Bunni had grown at a very fast pace prior to the security incident, and the total value locked increased by almost $80 million between June and August. But on September 2, malicious actors took advantage of vulnerabilities in the codebase of the protocol to attack both the Ethereum and Unichain networks at the same time.

The site shut down instantly after the hack and has been collaborating with law enforcement to reclaim stolen money. Nevertheless, the financial losses were too difficult to overcome due to the capital needs to secure relaunch and the development process.

Bunni was constructed on the Uniswap v4 infrastructure and focused on maximizing returns to liquidity providers using novel Liquidity Distribution Functions. Surge fees and autonomous rebalancing mechanisms were also included in the protocol, which made it stand out among competitors in the industry.

Bunni relicensed its v2 smart contracts under the Business Source License to the MIT license in a move that was celebrated by the cryptocurrency community. This shift to open-source enables any developer to use the technological innovations of the platform without limitations and licensing costs.

The site allows users to withdraw their assets until further notice, and no money will be stuck. The rest of the treasury assets will be shared between BUNNI, LIT, and veBUNNI token holders upon receiving the required legal approvals.

The founding team ensured that members would not get any money out of the remaining treasury, but rather, they would be compensated with tokens. The shutdown of Bunni comes after Kadena announced its closure on Tuesday, and its native KDA token has since fallen 70% to trade at only $0.06.

Highlighted Crypto News Today: 

From Red to Green: Can Worldcoin (WLD) Turn the Downtrend Around?

Shubham Sahu is a crypto journalist and writer with extensive experience covering blockchain technology, digital currencies, and AI. With over seven years in financial markets, Shubham began his journey in traditional trading before uncovering his passion for the crypto verse. After making his first crypto investment in 2021, Shubham combines practical market experience with deep technical knowledge to provide insightful analysis and commentary.

Cardano hit 115 million on-chain transactions and 57% of its ADA supply is staked, showing strong retail trust and network resilience.ADA’s price remains stagnant as whale sell-offs block rebounds, despite heavy community engagement and decentralized strength.Analysts say whale activity, not weak fundamentals, likely explains ADA’s lagging momentum amid broader market uncertainty.Cardano’s price has been stagnating for several weeks, but the network has strong retail support. ADA reached 115 million on-chain transactions this week, and the Cardano network avoided any damage from the AWS outages.

There’s still a lot of community support, as evidenced by Cardano’s market cap and high rate of staked tokens. Whale activity may be blunting its forward momentum, but there could be other explanations.

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Why is Cardano’s Price Lagging?Cardano attracts a lot of community hype, and for good reason. In the last few days, the proof-of-stake blockchain network has reached a lot of milestones.

Although ADA’s token price hasn’t reacted much, on-chain analysts noted that Cardano’s user activity is through the roof.

This activity can be measured in several key ways beyond on-chain transactions. Cardano holders are staking 21.8 billion ADA tokens, which is 57% of the total supply.

In other words, the community has a strong faith in the altcoin, hoping to earn passive income from Cardano in addition to benefiting from price increases.

Furthermore, the recent AWS outages showed that the blockchain has real decentralization. Although major industry leaders like Ethereum and Coinbase saw persistent problems during this period, highlighting their centralized infrastructure, Cardano remained strong:

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Despite these advantages, we have to talk about the elephant in the room. Although Cardano’s market cap has shown remarkably consistent competitiveness over the last several years, its price has been lagging behind for weeks.

Cardano Price Performance. Source: CoinGeckoA Case for Whale ActivityA few competing theories have arisen to explain Cardano’s price doldrums. For one thing, large holders can be a mixed bag. Although ADA whales backed the token despite bearish signals, they’ve recently initiated massive sales to block price rebounds. Whenever Cardano gets some forward momentum, rampant profit-taking subsequently blunts it.

Overall, this seems like the most likely hypothesis. Similar behavior has popped up several times in recent months, whereas other explanations involve macroeconomic concerns and other factors.

ADA has also shown some signs of weakening retail interest, even though on-chain transactions and staked tokens remain strong. Ultimately, we can only narrativize the data we have, but market narratives are still crucially important.

Whatever is causing Cardano’s ongoing price woes, the token still has strong support and fundamentals. Although it’s impossible to predict a full rebound, ADA still has strong community support to capitalize on any near-term bullish cycle.

Disclaimer

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

Companies

Hyperliquid Ecosystem Expands As Kinetiq Launches Powerful KNTQ Governance Token

TL;DR Kinetiq Foundation unveiled KNTQ, the Kinetiq governance token for its protocol on HyperEVM. The protocol has grown to over $1.6 billion in TVL since

Solana News

Uniswap Expands to Solana, Uniting Two of Crypto’s Largest Liquidity Pools

TL;DR Uniswap has integrated Solana’s liquidity directly into its main web interface. The integration is powered by Jupiter’s Ultra API, Solana’s largest aggregator. The move

Markets

 Kraken doubles down on derivatives with $100M Small Exchange acquisition

TL;DR Kraken acquires the CFTC-regulated futures firm, Small Exchange, for $100 million. The deal allows Kraken to offer cryptocurrency derivatives directly in the United States.

Uncategorized

CME Expands Crypto Offerings with New Solana and XRP Options

TL:DR CME Group has officially launched new options products for the cryptocurrencies Solana and XRP. These new derivatives are regulated by the U.S. Commodity Futures

Whale 19D5 transfers over 3,000 BTC to Binance while holding $140 million in Hyperliquid shorts.

A popular crypto whale “19D5” has significantly increased on-chain activity over the past two days. Known for previously selling a massive portion of her Bitcoin (BTC) holdings to accumulate Ethereum (ETH) earlier this year, the entity has also maintained aggressive short positions on Hyperliquid.

This event has, once again, prompted speculation about potential access to privileged market information due to the timing of these trades.

Moves Spark Speculation
In a span of 48 hours, the whale transferred over 3,003 BTC, which is worth approximately $335 million, to Binance, an exchange frequently used for large-scale transactions. In addition, 651 BTC were moved to Hyperliquid, where 19D5 continues to hold a short position estimated at $140 million.

The day concluded with a further transfer of 100 BTC to Kraken. Once holding more than 100,000 BTC, the whale now retains roughly 39,000 BTC, which is valued at around $4.25 billion. CryptoQuant noted that the trader’s on-chain movements are both distinctive and substantial, and often influence the short-term market.

“Her on-chain movements are quite unique and often significant enough to influence short-term market dynamics; it is therefore an entity to keep a close eye on.”

Another instance indicates near-term bearish sentiment for BTC, which means potential downward movement or profit-taking at current levels. According to Lookonchain, a smart trader identified as wallet 0xdDc7, who boasts an 80% win rate and $8.7 million in total profits, has just opened a major short position on Hyperliquid.

Within the past hour, the trader deposited 3 million USDC to the platform and initiated a 40x leveraged short worth approximately $31.8 million, targeting 291 BTC. The trader has a proven track record of successful, high-risk trades on Hyperliquid and has completed 20 trades so far with consistently strong results.

A different smart trader, 0xc2a3, who has maintained a 100% win rate, already closed their BTC short position and ended up securing $826,000 profit. Over the past 11 days, this trader has earned more than $12 million in total profits.

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Bitcoin (BTC) Explodes to Almost $114K, Leaving $550 Million in Liquidations

VanEck’s Optimistic Bitcoin Cycle Outlook
As short-term sentiment turns bearish, on the macro-level, VanEck’s research team has framed the recent pullback as a natural part of Bitcoin’s broader growth cycle. According to VanEck analysts Nathan Frankovitz and Matthew Sigel, the crypto asset’s October decline represents a “liquidity-driven mid-cycle reset” rather than the start of a bear market. The report found that leverage has normalized, on-chain activity is rising, and Bitcoin remains 14% below its all-time high.

They also highlighted that global M2 growth explains over half of BTC’s price variance, as M2 supply increased by 6.8% since the start of 2025. Additionally, 73% of Bitcoin’s price variance since October 2020 is tied to changes in futures open interest, while blockchain revenues strongly correlate with token prices.

This week, the cryptocurrency community was rocked after Kadena’s sudden shutdown announcement sent the KDA price crashing by over 60% in a few hours. The massive price collapse triggered an enormous sell-off as investors scrambled to understand the abrupt closure of the once-promising blockchain project. Soon after, a shocking exposé from analysts revealed that the problems ran far deeper than market conditions, hinting at serious internal misconduct and mismanagement. 

Kadena Scandal Exposed After KDA Price Crash
A day after the KDA price crash on Tuesday, crypto analyst Lovrin revealed on X social media that several Kadena employees were allegedly caught shorting the token with leverage just before shutdown announcements, securing tens of millions of dollars in profits. The reports indicate that crypto exchanges purportedly facilitated these trades, painting a picture of coordinated internal manipulation. 

Related Reading: Most Coordinated Attack In Crypto History? What Led To $19 Billion In Losses As Bitcoin Price Crashed

Adding fuel to the scandal, a viral X post from crypto market commentator @Katexbt exposed additional allegations against the Kadena leadership. The post claimed that the Kadena founders, Stuart Popejoy and Will Martino, were allegedly sued by family members over a personal loan used to fund Kadena, raising questions about its financial transparency from the outset. 

Katexbt asserted that the blockchain was effectively non-functional, claiming a throughput of 480,000 transactions per second, yet it lacked real users or wallets. Partnerships and institutional involvement that were publicly promoted were reportedly exaggerated or fabricated, adding further doubts about the legitimacy of the Kadena project.

Source: Chart from Lovrin on X
The team also allegedly hired a KOL agency, prioritizing selling tokens for real money over paying the marketing firm for its services. Additional allegations point to complex ties between Kadena’s leadership and affiliated companies, including the Kaddex domain, which was said to have been registered under Popejoy’s Kadena Eco’s family golf club in Italy. 

Katexbt claimed that the blockchain project was slapped with a lawsuit at some point, but it made little difference as the team hid behind a maze of LLCs. Even more shocking, the crypto commentator alleged that the Kadena team had worked with Francesco Melpignano, the former CEO of Kadena Eco, to extract large amounts of KDA, which were then sold near peak prices, netting an estimated $20 million to $80 million in profits. Following this, community members reportedly ousted Melpignano, though Katexbt alleges that the former CEO remains on a shell company’s payroll.

About The Kadena Shutdown
On Tuesday, Kadena released a public statement confirming the cessation of all business operations. The team stressed that, despite the organization’s wind-down, the Kadena blockchain would continue to operate independently under a decentralized model. 

Related Reading: $19 Billion Bitcoin And Crypto Wipeout: What Caused The XRP Price To Crash 50% In A Single Candle?

The announcement described the closure as a response to market volatility and unfavourable conditions, expressing gratitude to staff, partners, and the community. The Kadena team clarified that the blockchain itself was not owned or operated by the company, emphasizing that independent miners and maintainers would govern it in the future. They also noted that about 566 million KDA remain to be distributed as mining rewards through 2139, while 83.7 million tokens are scheduled to come out of lockup by November 2029.

Overall cryptocurrency market at $3.64 trillion | Source: TOTAL on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com

The price of Bitcoin has bounced back from a recent four-month low of $104,000 during the Oct. 10 crash that wiped out $19 billion in leveraged bets to climb above $110K today.

Still, long-time Bitcoin skeptic and gold bug Peter Schiff is convinced that the flagship crypto is doomed and will hit literal zero.

BTC Will Eventually Be Worthless: Schiff
Lately, there’s been dramatic backpedaling on Bitcoin — and crypto in general — in the finance world. The once frowned upon cryptocurrencies are now mainstream. Yet, the sentiment amongst some gold investors with no personal interests in crypto is for the bubble burst at any point.

Speaking during a recent conversation with crypto influencer Michael Jerome, Peter Schiff stated that he believes Bitcoin will “eventually go to zero.” 

According to the controversial financial analyst, Bitcoin is a “gigantic pump-and-dump” buoyed by early adopters cashing out at the expense of newer investors.

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“I still think it’s going to zero,” he said. “What I underestimated was the gullibility of the public and the marketing savvy of those promoting it.”

Schiff is a known Bitcoin critic and often questions the OG crypto’s market value and real-world use cases. He previously called out analysts who suggested that the BTC price would hit $100,000, bolstered by the huge demand created by spot Bitcoin exchange-traded funds (ETFs) launched early last year. As you are well aware, Bitcoin surpassed the $100K psychological milestone and went on to set a new all-time high above $126K earlier this month.

Schiff Warns US Dollar’s Reign As The Global Reserve Currency Is Ending
Schiff further cautioned of an imminent “sovereign debt crisis” that he is convinced will make 2008 look like a “Sunday picnic,” forecasting hyperinflation, a collapse in US Treasury bonds, and gold prices surging past $4,000.

He expects the US dollar’s dominance as the world’s reserve currency to end soon, warning that the global financial system will inevitably return to a gold-based system.

During the interview, Schiff announced that he was preparing to launch a gold-backed token. He revealed that users will be able to acquire and store gold in a vault through an app, transfer ownership via a blockchain, or redeem it for physical gold. He described it as an easier way to spend gold digitally, complete with debit cards linked to gold holdings.

Former Binance CEO Changpeng “CZ” Zhao dismissed Schiff’s plan to debut a tokenized gold vehicle, describing it as a “trust me bro” asset.” Zhao pointed out that tokenized gold is not on-chain gold, but a promise dependent on third-party custody.

“It’s tokenizing that you trust some third party will give you gold at some later date… even after their management changes, maybe decades later, during a war,” CZ quipped.

Before Oct. 23, only Bitcoin, Ethereum, and Litecoin had buy, sell, and trading support on the Fidelity Crypto platform.

What went wrong inside Kadena — the Wall Street-engineered blockchain that tried to outsmart Bitcoin but collapsed under its own weight?

Summary

Kadena, once a multi-billion-dollar blockchain founded by ex-JPMorgan engineers, abruptly shut down operations citing unsustainable market conditions.
The token (KDA) crashed over 75% within hours, triggering delistings across exchanges and panic among investors.
Allegations surfaced of insider shorting and misconduct, though no evidence has been verified.
The network continues to run under community control, but its future remains uncertain without leadership or funding.

The day Kadena went dark
The collapse of Kadena marks one of the most abrupt endings in recent crypto history. On Oct. 21, the team behind Kadena announced it would “cease all business activity and active maintenance immediately,” citing difficult market conditions and an inability to sustain operations.

KADENA PUBLIC ANNOUNCEMENT

We regret to announce that the Kadena organization is no longer able to continue business operations and will be ceasing all business activity and active maintenance of the Kadena blockchain immediately.

We are tremendously grateful to everybody who…

— Kadena (@kadena_io) October 21, 2025

The announcement triggered a rapid fall in Kadena’s (KDA) market value, as the token dropped from $0.225 to nearly $0.056 within hours, erasing over 75% of its price and leaving the project’s future uncertain. 

Centralized exchanges soon began delisting KDA and suspending deposits, with several planning to remove trading pairs by Oct. 29.

Kadena was founded by former JPMorgan blockchain engineers Stuart Popejoy and Will Martino. Their goal was to create a scalable proof-of-work system that maintained Bitcoin-level security while supporting smart contracts. 

The network was built on a framework known as Chainweb, where multiple chains run in parallel and share security to improve transaction throughput.

The design attracted early attention from institutional developers and retail investors. At its peak in 2021, the KDA token traded above $27.60, and the project reached a multi-billion-dollar market capitalization before collapsing 99.8% to around $0.06 as of Oct. 23.

The community reaction to the shutdown has been divided. Many users expressed disbelief, anger, and disappointment, with some calling the event an “exit” rather than a planned handover.

However, the Kadena blockchain itself will continue to operate. The team stated that “independent miners and community developers will keep the network live,” with a final node binary to be released for ongoing maintenance without the company’s involvement. 

They also confirmed that over 566 million KDA remain to be distributed as mining rewards until 2139, while around 83.7 million tokens are set to unlock by November 2029.

That statement means the network will survive in structure but not necessarily in purpose. Kadena now functions as a proof-of-work chain without its founding company, leadership, or funding.

The vision that never scaled
Kadena launched in early 2019 and went live on mainnet around 2020, presenting itself as a scalable proof-of-work blockchain capable of running smart contracts through its braided chain design.

The project aimed to solve the performance bottlenecks seen in early networks and establish itself among the leading layer-1 contenders of that era.

Despite its technical ambition, several weaknesses became evident over time. Kadena’s architecture offered strong theoretical throughput and security but failed to translate that into meaningful real-world adoption.

The network’s decentralized-finance protocols never gained the liquidity or user engagement required to create a self-sustaining ecosystem. According to DeFi Llama, the total value locked on Kadena peaked at around $11 million in August 2022 and fell to roughly $128,000 by October 2025.

Another issue was identity. Competing networks such as Ethereum (ETH) and Solana (SOL) succeeded in building strong developer communities, distinct application verticals, and clear network effects. 

Kadena, in contrast, remained a general-purpose platform without a defined niche. Analysts often described it as “technical novelty without product-market fit,” a condition that limited long-term traction.

Meanwhile, the crypto environment evolved rapidly. Layer-2 networks, modular architectures, and rollups began dominating the scaling conversation, drawing investor and developer attention toward ecosystems offering better composability and liquidity.

There are now more than 100 rollups and over 200 sovereign chains in operation, yet most struggle to attract even 2,000 daily users. The space has become saturated with networks that see little real usage, and Kadena gradually lost both attention and capital as activity shifted elsewhere.

Token economics and governance further complicated matters. The project’s long emission schedule created ongoing supply pressure while demand weakened. Development and governance remained concentrated within the central organization rather than a decentralized community. 

In an attempt to regain momentum, Kadena announced a $50 million grant program in May 2025 to fund Chainweb EVM and tokenization projects. It also launched several protocol updates, including versions 2.27, 2.28, and 2.29 between February and May 2025.

These efforts, however, failed to change the on-chain reality. Developer activity stayed minimal, user participation low, and liquidity almost nonexistent, leaving the network exposed to the eventual market shock that followed.

Allegations cloud Kadena’s final days
The collapse of Kadena has triggered a growing wave of speculation and allegations from within the crypto community. Several traders and self-proclaimed whistleblowers claim that certain members of the Kadena organization may have profited from the project’s downfall.

One widely shared post alleged that “Kadena employees [were] caught red-handed shorting their own token $KDA with leverage right before major announcements,” claiming profits “in the tens of millions” across multiple exchanges. These claims, however, remain unverified.

🚨 Massive scandal unfolding: Kadena employees caught red-handed shorting their own token $KDA with leverage right before major announcements.

I've seen the proof. Multiple exchanges involved. We're talking tens of millions in profit here.

What happened to integrity in crypto? pic.twitter.com/ZrKzST3wKG

— 🕊LOVRIN🕊 (@Lovrincrypto) October 22, 2025

Speculation about insider behavior intensified after trading data appeared to align with major market movements earlier in October. Around Oct. 10, the broader crypto market fell sharply following President Trump’s new tariff announcements, which triggered a sell-off across risk assets.

Bitcoin (BTC) declined by nearly 12% in two days, while several altcoins lost more than 50%. Kadena’s token dropped from roughly $0.38 to $0.08, ranking among the steepest losses in mid-cap projects.

According to one analyst, “they get liquidated for everything … for almost two weeks they pretend all is okay, meanwhile they open huge leverage shorts … post about ceasing operations … make it all back.”

> Kadena organisation leverages their $KDA
> Oct 10th they get liquidated for everything
> For almost 2 weeks they pretend all is okay
> Meanwhile they open huge leverage shorts
> Post about ceasing operations
> Nuke chart to zero
> Make it all back
> justbusiness.exe https://t.co/lOTYsfZBRa pic.twitter.com/iHwIYW7sYh

— フ ォ リ ス (@follis_) October 22, 2025

The situation has already prompted threats of legal action. A post from Kaddex, one of Kadena’s main ecosystem projects, announced plans to organize a class-action lawsuit against Kadena’s directors, accusing them of “irresponsible behavior” and market misconduct.

If you are interested in joining our class action against Kadnea, please comment below. We'll be reaching out individually to everyone who lost money due to the token decline and Kadena's directors' irresponsible behavior.

— Kaddex (@Kaddex_Official) October 21, 2025

Outrage, grief, and a flicker of hope
The aftermath of Kadena’s shutdown has unfolded as a mix of outrage and reflection. Across social platforms, long-time holders have expressed deep frustration and anger.

One user wrote, “I was holding this piece of s**t project for years, only for them to dump on everyone. These guys should be thrown in jail.”

Another commented, “A part of me just died tonight. After all these years $Kadena was just a scam like any other rugpull s**tcoin.”

I had high hopes in what you claimed you were building but you decided to tear me apart. A part of me just died tonight.
After all these years $Kadena was just a scam just like any other rugpull shitcoin https://t.co/ZzaJdn3V5Q

— OBUMNEME 🕴⛷️ (@OBUMNEM93334728) October 21, 2025

“You totally rug pulled everyone who invested in you and then wouldn’t even turn on comments for the announcement. Classic,” another frustrated user added.

Amid the anger, some industry figures have called for calm and continuity. Daniel Keller, co-founder of the Flux project and one of Kadena’s earliest ecosystem partners, issued a public statement reaffirming his team’s commitment to the network.

He stated that Flux would continue supporting the “Kadena ecosystem and its community,” providing “wallet and technical guidance” while helping shape “a fully community-driven project.”

Announcement from the Flux Team

The Flux team would like to reaffirm our continued support for the Kadena ecosystem and its community. Including but not limited to, wallets (Ecko and Zelcore) and technical guidance. As the Kadena Foundation takes shape, we are committed to… pic.twitter.com/gn070lMIwt

— Daniel Keller (@dak_flux) October 22, 2025

Keller added that Flux remains guided by “decentralization, transparency, and collaboration,” and would assist in establishing the Kadena Foundation to sustain the network’s operations.

Whether this show of support will lead to an actual revival remains unclear. If the remaining miners, developers, and holders can organize effectively, Kadena may endure as a community-led chain, similar to how Terra Classic survived after its collapse.

However, the economic damage, reputational loss, and lack of institutional backing make such a recovery highly uncertain.

Fidelity Investments, the $5.8 trillion asset manager, has expanded its Solana offering with support for custody and trading.

Summary

Fidelity Investments has added Solana to list of supported cryptocurrencies.
Clients can now access trading and custody via brokerage accounts.
The $5.8 trillion asset manager already supports Bitcoin, Ethereum and Litecoin.

The asset manager quietly added Solana (SOL) to its list of available custody and trading tokens, with SOL now available to all U.S. brokerage customers.

Fidelity’s move now allows customers to hold Solana tokens alongside Bitcoin, Ethereum and Litecoin.

SOL allows the asset manager, which is among top issuers of exchange-traded funds and tokenized assets in the space, to expand its digital asset offerings. It means further institutional adoption of Solana and potentially more crypto products within its growing ecosystem.

Fidelity expands cypto support
The asset manager is among the first companies to file for spot Solana ETFs, with anticipation for approval among the key catalysts for SOL price. Cboe BZX officially filed for Fidelity’s Solana ETF in March.

Earlier, the company unveiled a no-fee individual retirement account, with U.S. adults able to invest in crypto in a tax-advantaged way. That launch in April 2025 saw Fidelity’s crypto IRA offer BTC, ETH and LTC to clients within their retirement accounts. 

In September this year, it launched its Treasury fund on Ethereum, a move that marked a fresh foray into the rapidly expanding tokenized Treasuries market. 

Support for Solana across the financial market has seen a flurry of activity around SOL treasury strategies. Multiple publicly-traded firms have created Solana treasury companies, scooping millions of the token as bets on its future growth drive balance sheet moves. 

One of the latest players on the scene is Nasdaq-listed Solana Company, which has amassed over 2.2 million SOL. The company is partnering with Helius and Twinstake to tap into non-custodial staking. 

Solana Company also eyes custody with Anchorage Digital.

October 23, 2025 11:47 AM EDT | Source: Nova Capital Trading Limited
Toronto, Ontario--(Newsfile Corp. - October 23, 2025) - Nova Capital Trading Limited (the "Acquiror") announces that it has filed an early warning report (the "Report") announcing the acquisition (the "Acquisition") of an aggregate of 9,050,000 common shares (each, a "Common Share") in the capital of Glow Lifetech Corp. (the "Company") pursuant to the exercise of an aggregate of 9,050,000 Common Share purchase warrants (the "Warrants").

Prior to the completion of the Acquisition, the Acquiror held an aggregate of 27,036,167 Common Shares and 25,166,667 Warrants, representing approximately 15.77% of the then issued and outstanding Common Shares on an undiluted basis and approximately 26.56% on a partially diluted basis. Upon completion of the Acquisition, the Acquiror held an aggregate of 36,086,167 Common Shares and 16,116,667 Warrants, representing approximately 20.00% of the then issued and outstanding Common Shares on an undiluted basis and approximately 26.56% on a partially diluted basis.

The Common Shares were acquired for investment purposes. The Acquiror has a long-term view of the investment and may acquire additional securities of the Company either on the open market or through private acquisitions or sell the Common Shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

For further details relating to the Acquisition, please see the Report, a copy of which is available on SEDAR+, or by contacting Roderick Forrest at [email protected] or at +(441) 494 4040.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271639

LOS ANGELES, Oct. 23, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Cepton, Inc., (“Cepton” or the "Company") (NASDAQ: CPTN) investors of a class action on behalf of investors that bought securities between July 29, 2024 and January 6, 2025, inclusive (the “Class Period”). Cepton investors have until December 8, 2025 to file a lead plaintiff motion.

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

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Cepton had received a credible third-party bid valuing Cepton at more than double the Koito Acquisition; (ii) Cepton's Board of Directors failed to meaningfully explore the foregoing offer and failed to disclose its terms when recommending that Cepton's shareholders approve the Koito Acquisition; (iii) consequently, Cepton's shareholders were deprived of the opportunity to meaningfully consider whether to accept or reject the Koito Acquisition; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times.

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

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

Attorney Advertising

Valero Energy Corp continues its bullish trend, driven by strong refining margins and a recent earnings beat exceeding consensus forecasts. VLO reported Q3 earnings of $3.66 per share and $32.17 billion in revenue, returning $1.3 billion to shareholders via dividends and buybacks. Crack spreads, a key indicator of refining profitability, have risen significantly since September 2024, supporting VLO's strong performance and outlook.

Key Takeaways PG&E's Q3 adjusted EPS of $0.50 beat estimates and rose 35% from the prior-year quarter.Revenues climbed 5.2% year over year to $6.25 billion but missed the consensus mark.PG&E narrowed 2025 EPS guidance to $1.49-$1.51, aligning with the consensus midpoint.
PG&E Corporation (PCG - Free Report) reported third-quarter 2025 adjusted earnings per share (EPS) of 50 cents, which beat the Zacks Consensus Estimate of 44 cents by 13.6%. The bottom line also increased 35.1% from the year-ago quarter’s figure of 37 cents.

The company reported GAAP earnings of 37 cents per share, which increased 37% from the prior-year quarter’s figure of 27 cents.

PCG’s Revenue UpdatePCG reported third-quarter total revenues of $6.25 billion, up 5.2% from $5.94 billion registered in the year-ago period. The top line also missed the Zacks Consensus Estimate of $6.55 billion by 4.6%.

Operational Highlights of PCGTotal operating expenses in the third quarter of 2025 were $5.04 billion, up 2.6% from the prior-year reported figure.

The company reported an operating income of $1.21 billion compared with $1.03 billion in the prior year.

Interest expenses totaled $770 million compared with $795 million in the prior-year quarter.

Financial Condition of PCGAs of Sept. 30, 2025, cash and cash equivalents totaled $0.40 billion compared with $0.94 billion as of Dec. 31, 2024.

Cash flow from operating activities amounted to $6.76 billion for the first nine months of 2025 compared with $6.10 billion in the first nine months of 2024.

Capital expenditures totaled $8.63 billion during the first nine months compared with $7.54 billion in the first nine months of 2024.

As of Sept. 30, 2025, the long-term debt amounted to $55.53 billion compared with $53.57 billion as of Dec. 31, 2024.

PCG’s 2025 GuidancePG&E now expects to generate adjusted earnings in the range of $1.49-$1.51 per share, narrower than its earlier guided range of $1.48-$1.52 per share.

The Zacks Consensus Estimate for 2025 earnings, pegged at $1.50 per share, is in line with the midpoint of the company’s guided range.

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

Upcoming Utility ReleasesXcel Energy Inc. (XEL - Free Report) is slated to report its third-quarter 2025 results on Oct. 30, before market open.

The Zacks Consensus Estimate for third-quarter sales is pegged at $3.94 billion, which implies an 8.1% improvement from the year-ago quarter’s figure. The consensus estimate for earnings is pegged at $1.31 per share.

AES Corporation (AES - Free Report) is scheduled to report its third-quarter 2025 results on Nov. 4, after market close.

The Zacks Consensus Estimate for sales is pegged at $3.33 billion, which indicates a 1.2% improvement from the year-ago quarter’s figure. The consensus estimate for earnings is pinned at 70 cents per share.

Duke Energy (DUK - Free Report) is scheduled to report its third-quarter 2025 results on Nov. 7, before market open.

The Zacks Consensus Estimate for sales is pegged at $8.41 billion, which indicates a 3.2% improvement from the year-ago quarter’s figure. The consensus estimate for earnings is pegged at $1.73 per share.

Shares of Community Bancorp (CMTV - Free Report) have gained 2.7% since the company reported its earnings for the third quarter of 2025. This compares to the S&P 500 index’s 0.1% decline over the same time frame. Over the past month, the stock has risen 2.2% compared with the S&P 500’s 1.3% gain.

Community Bancorp reported robust results for the third quarter ended Sept. 30, 2025, reflecting significant growth across key metrics. Net income rose to $4.7 million, or 84 cents per share, marking a 52.4% increase from $3.1 million, or 55 cents per share, in the prior-year quarter. For the nine months ended Sept. 30, 2025, earnings climbed 42.3% year over year to $12.3 million, or $2.18 per share, from $8.7 million, or $1.55 per share, in the comparable 2024 period. The improvement was primarily driven by strong loan growth and expanding net interest income, which helped offset modest increases in non-interest expenses.

Solid Loan and Deposit Growth of CMTVTotal assets stood at $1.23 billion as of Sept. 30, 2025, up 4.15% year over year from $1.18 billion. The increase stemmed from sustained expansion in the loan portfolio, which rose $49 million, or 5.39%, compared with the 2024 period. Deposit balances advanced $78.7 million, or 8.47%, year over year, and were $6.7 million higher than at year-end 2024. The loan growth was funded through a combination of cash and higher core and brokered deposits. Conversely, total assets declined $22.8 million from year-end 2024 due to the use of cash for debt repayment and maturities in the investment portfolio.

The company’s securities portfolio contracted 10.7% to $152 million from $170.5 million a year earlier, reflecting strategic balance sheet adjustments and the effect of interest rate dynamics on fair value. The unrealized loss adjustment to equity improved to $10.5 million as of Sept. 30, 2025 compared with $12.4 million a year earlier, aided by stabilizing bond yields.

CMTV’s Earnings Supported by Higher Net Interest IncomeNet interest income, a critical profitability driver, increased 21.4% year over year to $10.5 million in the third quarter compared with $8.7 million in the same period of 2024. The growth was fueled by higher yields and a $1.5 million, or 11.5%, rise in interest and fees on loans. Interest expenses increased modestly by just 2.4% on deposits and 20.9% on repurchase agreements, underscoring disciplined funding cost management. For the first nine months of 2025, net interest income reached $29.8 million, up 18.8% from $25.1 million in the prior-year period.

The provision for credit losses fell to $258,753 in the third quarter from $460,745 a year earlier. For the nine-month period, provisions totaled $990,853, down from $1.1 million in 2024. The decline primarily reflected a large commercial loan charge-off recorded in 2024. The company continues to apply the Current Expected Credit Loss (“CECL”) methodology for evaluating credit risk.

Modest Increase in Non-Interest Income and ExpensesNon-interest income for the third quarter totaled $2.1 million, up 4.4% from $2 million in the same quarter of 2024. For the nine months ended Sept. 30, 2025, it rose 5.9% year over year to $5.7 million. Growth was driven by steady service fee income and other banking-related revenues. Meanwhile, non-interest expenses increased only 1.3% in the quarter and 3.6% year to date, reflecting effective cost controls even as business volumes grew.

CMTV’s Strengthened Capital PositionEquity capital improved to $111.9 million as of Sept. 30, 2025, from $98.3 million a year earlier, representing a 13.9% increase. Book value per share rose to $19.64 compared with $17.36 in the year-ago quarter, aided by higher retained earnings and reduced unrealized losses in the investment portfolio. Management emphasized that these unrealized losses are temporary and do not affect regulatory capital ratios. The strengthening of book value and capital reflects the company’s sustained earnings momentum and prudent balance sheet management.

CMTV: Management CommentaryPresident and CEO Christopher Caldwell attributed the robust earnings to the company’s disciplined execution and commitment to community banking values. He highlighted that strong results enabled the fourth consecutive annual dividend increase since 2020 and reaffirmed management’s focus on returning capital to shareholders. Caldwell also emphasized the bank’s resilience amid sector consolidation and macroeconomic uncertainty, noting that Community Bancorp’s performance underscores its ability to deliver “strong returns for shareholders” and “exceptional service” to customers and communities. He reaffirmed that maintaining strategic initiatives will remain central to its 2026 planning.

CMTV’s Dividend Growth and OutlookThe board declared a quarterly cash dividend of 25 cents per share, payable Nov. 1, 2025, to shareholders of record as of Oct. 15, 2025. The payout represents a 4% increase from the previous quarter’s dividend, marking the fourth consecutive annual dividend hike since 2020. This decision reflects the company’s confidence in its earnings trajectory and capital position. While no formal guidance was issued, management’s commentary suggested continued focus on efficiency, disciplined balance sheet management and maintaining strong community relationships as key strategic priorities for the remainder of 2025 and into 2026.

Other Developments at CMTVNo acquisitions, divestitures or restructuring initiatives were announced during the quarter. The company continues to operate as an independent community bank serving northern New England, with branches across Vermont and loan offices in Burlington, VT, and Lebanon, NH.

LOS ANGELES, Oct. 23, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Molina Healthcare, Inc., (“Molina” or the "Company") (NYSE: MOH) investors of a class action on behalf of investors that bought securities between February 5, 2025 and July 23, 2025, inclusive (the “Class Period”). Molina investors have until December 2, 2025 to file a lead plaintiff motion.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or join the case via https://portnoylaw.com/molina-healthcare-inc-2. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

On July 7, 2025, Molina issued a press release announcing financial results for the second quarter of 2025 and slashing full year 2025 adjusted earnings per share guidance. The press release reported second quarter 2025 adjusted earnings of approximately $5.50 per share, which was “below . . . prior expectations” due to “medical cost pressures in all three lines of business.” The Company also announced that it “expects these medical cost pressures to continue into the second half of the year” and cut guidance for expected adjusted earnings per share 10.2% at the midpoint, from “at least $24.50 per share” to a “range of $21.50 to $22.50 per share.” The press release revealed Molina was experiencing a “short-term earnings pressure” from a “dislocation between premium rates and a medical cost trend which has recently accelerated.” On this news, Molina’s stock price fell $6.97 per share, or 2.9%, to close at $232.61 per share on July 7, 2025. Then, on July 23, 2025, Molina issued a press release reporting its financial results for the second quarter ended June 30, 2025 and further slashing the Company’s full-year 2025 earnings guidance. The press release revealed, in part, that the Company’s “GAAP net income was $4.75 per diluted share for the second quarter of 2025, a decrease of 8% year over year;” and it “now expects its full year 2025 adjusted earnings to be no less than $19.00 per diluted share.” This represented another 13.6% cut to guidance of earnings per share at the midpoint, from the cut to guidance announced less than two weeks earlier. Molina also cut its guidance for its full year 2025 GAAP net income 27% to $912 million. Molina attributed its results a full year outlook to a “challenging medical cost trend environment,” including mere “utilization of behavioral health, pharmacy, and inpatient and outpatient services.” The Company claimed that its guidance cut also reflected “new information gained in the quarterly closing process.” On this news, Molina’s stock price fell $32.03 per share, or 16.84%, to close at $158.22 per share on July 24, 2025.

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

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

Attorney Advertising

LOS ANGELES, Oct. 23, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Marex Group plc, (“Marex” or the "Company") (NASDAQ: MRX) investors off a class action on behalf of investors that bought securities between May 16, 2024 and August 5, 2025, inclusive (the “Class Period”). Marex investors have until December 8, 2025 to file a lead plaintiff motion.

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

On August 5, 2025, NINGI Research published a report entitled “Marex Group plc: A Financial House of Cards.” In announcing the report, NINGI Research stated that, in its opinion, “Marex has engaged in a multi-year accounting scheme involving a web of opaque off-balance-sheet entities, fictitious intercompany transactions, and misleading disclosures to conceal significant losses, inflate profits, and mask its true risk exposure. We have uncovered evidence suggesting Marex is a financial house of cards, with a balance sheet riddled with holes and financials that we believe are unreliable.” On this news, Marex’s stock price fell $2.33 per share, or 6.19%, to close at $35.31 per share on August 5, 2025.

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

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

Attorney Advertising

eschbach (PRNewsfoto/eschbach)

, /PRNewswire/ -- eschbach is pleased to share that Merck (NYSE: MRK), known as MSD outside the United States and Canada, has selected Shiftconnector to improve how it uses digital tools in manufacturing. By integrating Shiftconnector into its established visual factory framework, Merck is enhancing its ability to deliver real-time, actionable insights across global operations.

This implementation supports Merck's continued drive for greater transparency, responsiveness, and efficiency throughout its supply chain. With Shiftconnector now serving as its foundational layer, Merck is advancing this capability even further—standardizing KPIs, enhancing cross-departmental communication, and embedding analytics directly into their 24/7 operations at all seven of its tier management levels.

"Our Visual Factory, powered by Shiftconnector, is transforming the way we operate," said Besufekad "Besu" Alemayehu, Senior Vice President, Digital Manufacturing for Merck. "It gives our teams a real-time, unified view of plant performance, enabling faster, smarter decisions. By combining our operational expertise with Shiftconnector's intelligent platform, we're building a more agile, transparent, and resilient supply chain that helps us deliver life-saving medicines more efficiently."

In under five months, Merck and eschbach successfully deployed Shiftconnector to more than 9,000 users across multiple global sites and all above site functions. Now serving as a core component of Merck's Visual Factory, Shiftconnector provides a single source of truth for operational data and streamlines essential processes such as shift handovers, equipment tracking, and deviation reporting. Its AI-driven features will give teams fast access to historical insights and institutional knowledge—critical in an industry navigating workforce transitions. This foundation ensures the right information reaches the right person at the right time, enabling seamless collaboration throughout Merck's tiered management system.

"We're proud to help power Merck's Visual Factory transformation," said Andreas Eschbach, CEO of eschbach. "Together, we're creating a smarter, more resilient manufacturing environment—one where people are empowered by real-time data and AI-driven insights to make better decisions, faster."

This milestone reflects Merck's continued investment in its digital transformation journey, reinforcing its commitment to innovation, quality, and delivering life-saving medicines with greater speed and reliability.

About eschbach

With its global headquarters in Southern Germany and its North America headquarters in Boston, MA, eschbach is the premier enterprise software developer for pharmaceutical manufacturing daily management systems and more. Shiftconnector incorporates AI technology and helps manufacturing teams take charge of facility operations, process safety, asset performance, and production quality. eschbach serves the pharmaceutical industry and other process industries, transforming digital manufacturing operations that helps managers, operators, and technicians to achieve the highest level of team communications. The award-winning solution is trusted worldwide by leading manufacturing companies such as Merck, Roche, and Bayer. For more information, visit www.eschbach.com.

Media Contact

Dawn Fontaine
Ripple Effect Communications
T: 617-536-8887
[email protected]

SOURCE eschbach

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LOS ANGELES, Oct. 23, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises MoonLake Immunotherapeutics, Inc., (“MoonLake” or the "Company") (NASDAQ: MLTX) investors off a class action on behalf of investors that bought securities between March 10, 2024 and September 29, 2025, inclusive (the “Class Period”). MoonLake investors have until December 15, 2025 to file a lead plaintiff motion.

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

MoonLake is a clinical stage biotechnology company that focuses on developing therapies for inflammatory skin and joint diseases.  According to the complaint, MoonLake’s sole drug candidate is sonelokimab (“SLK”), which was developed primarily for the treatment of hidradenitis suppurativa (“HS”).  Central to SLK’s commercial prospects was its ability to demonstrate efficacy in HS comparable or superior to Union Chimique Belge’s BIMZELX, a U.S. Food & Drug Administration-approved monoclonal antibody for the same indication, the complaint alleges.

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

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

Attorney Advertising

Key Takeaways Primoris banks on strong demand in renewables and data center projects, supported by federal investments.Supply-chain uncertainties and potential tariff extensions could pressure costs and timelines for PRIM.Primoris' backlog rose to $11.49 billion, reflecting robust project visibility in the long term.
Primoris Services Corporation (PRIM - Free Report) is capitalizing on market opportunities across various business sectors, including the Renewables business, power, grid, data centers and other related infrastructure projects. This demand growth is being fueled by federal incentives under the Inflation Reduction Act (IRA) and substantial private-sector investments in clean energy.

However, the broader policy environment remains fluid. The United States government’s ongoing scrutiny of solar panel imports from Southeast Asia and potential extensions of tariffs on imports from China could pressure costs and project timelines. Such supply-chain constraints could delay project execution and compress margins for EPCM contractors like Primoris, mainly across fixed-price contracts.

Nonetheless, despite ongoing and potential threats from the new tariff regime, PRIM’s Renewables business is going strong, thanks to robust demand in utility-scale solar and EPC work, alongside increased activity in battery storage projects. Moreover, PRIM is witnessing an uptick in power-related projects across industrial and residential market sections, coupled with increased demand for emerging technologies and data center development prospects.  As of June 30, 2025, Primoris’ total backlog was $11.49 billion, with the next 12-month backlog standing at $5.14 billion. This compares favorably with the total backlog of $10.45 billion and the next 12-month backlog worth $4.26 billion in the year-ago period.

Notably, following the 25-basis-point Fed rate cut, there has been a positive buzz in the economy, with additional optimism fueled by expectations of two more rate cuts in the remainder of 2025. Owing to such a favorable scenario and market demand tailwinds, Primoris is working on building its project pipeline across diversified business offerings and cashing in on them over the long term.

Primoris vs. Other Market PlayersFirms like EMCOR Group (EME - Free Report) and Quanta Services, Inc. (PWR - Free Report) offer substantial competition to Primoris in the public infrastructure field, mainly across power, communications and industrial infrastructure.

EMCOR’s breadth in mechanical and electrical construction and Quanta Services’ dominance in electric power infrastructure create intense competition, with Primoris competing by focusing on niche strengths in utility, pipeline and specialty contracting.

Although the mentioned market players often secure the largest projects, PRIM is competitive on specialized contracts and selective bidding, giving it an edge in profitability and execution in its chosen areas. Its ability to balance risk and remain agile helps it carve out a defensible position despite the scale advantage of EMCOR and Quanta Services.

PRIM Stock’s Price Performance & Valuation TrendShares of this Texas-based specialty construction and infrastructure company have moved up 45.4% in the past three months, significantly outperforming the Zacks Building Products - Heavy Construction industry, the broader Zacks Construction sector and the S&P 500 index.

Image Source: Zacks Investment Research

PRIM stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 23.93, as evidenced by the chart below.

Image Source: Zacks Investment Research

Earnings Estimate Revision of PRIMPRIM’s earnings estimates for 2025 and 2026 have remained unchanged over the past 60 days at $5.08 and $5.55 per share, respectively. However, the estimated figures for 2025 and 2026 imply year-over-year growth of 31.3% and 9.3%, respectively.

Image Source: Zacks Investment Research

Primoris stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Honeywell International Inc. (NASDAQ:HON) Q3 2025 Earnings Call October 23, 2025 8:30 AM EDT

Company Participants

Sean Meakim - Vice President of Investor Relations
Vimal Kapur - Chairman & CEO
Mike Stepniak - Senior VP & CFO

Conference Call Participants

Nigel Coe - Wolfe Research, LLC
Julian Mitchell - Barclays Bank PLC, Research Division
C. Stephen Tusa - JPMorgan Chase & Co, Research Division
Scott Davis - Melius Research LLC
Amit Mehrotra - UBS Investment Bank, Research Division
Sheila Kahyaoglu - Jefferies LLC, Research Division
Deane Dray - RBC Capital Markets, Research Division
Christopher Snyder - Morgan Stanley, Research Division
Joseph Ritchie - Goldman Sachs Group, Inc., Research Division
Andrew Kaplowitz - Citigroup Inc., Research Division
Nicole DeBlase - Deutsche Bank AG, Research Division

Presentation

Operator

Thank you for standing by, and welcome to the Honeywell Third Quarter 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today's call is being recorded.

I would now like to hand the call over to Sean Meakim, Vice President of Investor Relations. Please go ahead.

Sean Meakim
Vice President of Investor Relations

Thank you. Good morning, and welcome to Honeywell's Third Quarter 2025 Earnings Conference Call. On the call with me today are Chairman and Chief Executive Officer, Vimal Kapur; and Senior Vice President and Chief Financial Officer, Mike Stepniak.

This webcast and the presentation materials, including non-GAAP reconciliations, are available on our Investor Relations website. From time to time, we post new information that may be of interest or material to our investors on this website. Our discussion today includes forward-looking statements that are based on our best view of the world and of our businesses as we see them today and are subject to risks and uncertainties, including the ones described in our SEC filings. This morning, we will review our financial results for the third quarter, share our guidance for the fourth quarter and provide an update on

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NEW YORK, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Tronox Holdings PLC (“Tronox” or “the Company”) (NYSE: TROX) and certain of its officers.

Class Definition

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Tronox securities between February 12, 2025 and July 30, 2025, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/TROX.

Case Details

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that: (1) Tronox’s ability to forecast demand for its pigment and zircon products was significantly impaired; (2) the Company’s commercial division was facing undisclosed operational challenges that undermined its long-term projections; and (3) as a result, Tronox’s forecasting processes were inadequate, leading to declining sales, rising costs, and ultimately, the failure to meet revenue expectations. Consequently, the Complaint alleges that Defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading at all relevant times.

What's Next?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/TROX. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in Tronox you have until November 3, 2025, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Follow us for updates on LinkedIn, X, Facebook, or Instagram.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contact

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | [email protected]

Wall Street expects a year-over-year increase in earnings on higher revenues when LPL Financial Holdings Inc. (LPLA - Free Report) reports results for the quarter ended September 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 30. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis company is expected to post quarterly earnings of $4.47 per share in its upcoming report, which represents a year-over-year change of +7.5%.

Revenues are expected to be $4.34 billion, up 39.5% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.15% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for LPL Financial?For LPL Financial, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that LPL Financial will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that LPL Financial would post earnings of $4.21 per share when it actually produced earnings of $4.51, delivering a surprise of +7.13%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

LPL Financial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

The market expects LCI (LCII - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on October 30, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis recreational vehicle parts supplier is expected to post quarterly earnings of $1.46 per share in its upcoming report, which represents a year-over-year change of +5%.

Revenues are expected to be $962.83 million, up 5.2% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 6.56% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for LCI?For LCI, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.60%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination indicates that LCI will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that LCI would post earnings of $2.22 per share when it actually produced earnings of $2.39, delivering a surprise of +7.66%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

LCI appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerDana (DAN - Free Report) , another stock in the Zacks Automotive - Original Equipment industry, is expected to report earnings per share of $0.26 for the quarter ended September 2025. This estimate points to a year-over-year change of +116.7%. Revenues for the quarter are expected to be $1.93 billion, down 21.9% from the year-ago quarter.

The consensus EPS estimate for Dana has been revised 53.5% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +4.48%.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Dana will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.