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2025-10-02 23:30 5mo ago
2025-10-02 19:16 5mo ago
Dick's Sporting Goods (DKS) Stock Sinks As Market Gains: Here's Why stocknewsapi
DKS
In the latest close session, Dick's Sporting Goods (DKS - Free Report) was down 1.05% at $230.40. The stock's change was less than the S&P 500's daily gain of 0.06%. Elsewhere, the Dow gained 0.17%, while the tech-heavy Nasdaq added 0.39%.

Prior to today's trading, shares of the sporting goods retailer had gained 10.77% outpaced the Retail-Wholesale sector's gain of 0.29% and the S&P 500's gain of 3.94%.

The upcoming earnings release of Dick's Sporting Goods will be of great interest to investors. On that day, Dick's Sporting Goods is projected to report earnings of $2.72 per share, which would represent a year-over-year decline of 1.09%. Alongside, our most recent consensus estimate is anticipating revenue of $3.17 billion, indicating a 3.82% upward movement from the same quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.38 per share and revenue of $13.97 billion. These totals would mark changes of +2.35% and +3.89%, respectively, from last year.

Investors should also pay attention to any latest changes in analyst estimates for Dick's Sporting Goods. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.08% rise in the Zacks Consensus EPS estimate. Dick's Sporting Goods currently has a Zacks Rank of #3 (Hold).

In terms of valuation, Dick's Sporting Goods is currently trading at a Forward P/E ratio of 16.19. This expresses a premium compared to the average Forward P/E of 15.94 of its industry.

It's also important to note that DKS currently trades at a PEG ratio of 3.34. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Retail - Miscellaneous stocks are, on average, holding a PEG ratio of 2.57 based on yesterday's closing prices.

The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 28, placing it within the top 12% of over 250 industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
2025-10-02 23:30 5mo ago
2025-10-02 19:16 5mo ago
VirTra, Inc. (VTSI) Stock Slides as Market Rises: Facts to Know Before You Trade stocknewsapi
VTSI
In the latest close session, VirTra, Inc. (VTSI - Free Report) was down 2.1% at $5.60. The stock trailed the S&P 500, which registered a daily gain of 0.06%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, added 0.39%.

Heading into today, shares of the company had lost 2.05% over the past month, lagging the Aerospace sector's gain of 4.81% and the S&P 500's gain of 3.94%.

The investment community will be closely monitoring the performance of VirTra, Inc. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.05, reflecting no change from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $7.48 million, indicating constancy compared to the corresponding quarter of the prior year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.33 per share and a revenue of $29.79 million, signifying shifts of +175% and +10.12%, respectively, from the last year.

Investors should also take note of any recent adjustments to analyst estimates for VirTra, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. VirTra, Inc. presently features a Zacks Rank of #3 (Hold).

From a valuation perspective, VirTra, Inc. is currently exchanging hands at a Forward P/E ratio of 17.33. For comparison, its industry has an average Forward P/E of 17.33, which means VirTra, Inc. is trading at no noticeable deviation to the group.

The Electronics - Military industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 87, finds itself in the top 36% echelons of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
2025-10-02 23:30 5mo ago
2025-10-02 19:16 5mo ago
Waste Management (WM) Stock Drops Despite Market Gains: Important Facts to Note stocknewsapi
WM
Waste Management (WM - Free Report) closed at $216.91 in the latest trading session, marking a -1.35% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.06%. On the other hand, the Dow registered a gain of 0.17%, and the technology-centric Nasdaq increased by 0.39%.

The stock of garbage and recycling hauler has fallen by 2.02% in the past month, lagging the Business Services sector's gain of 0.95% and the S&P 500's gain of 3.94%.

The investment community will be paying close attention to the earnings performance of Waste Management in its upcoming release. The company is slated to reveal its earnings on October 27, 2025. In that report, analysts expect Waste Management to post earnings of $2.02 per share. This would mark year-over-year growth of 3.06%. At the same time, our most recent consensus estimate is projecting a revenue of $6.49 billion, reflecting a 15.79% rise from the equivalent quarter last year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.58 per share and revenue of $25.37 billion, indicating changes of +4.84% and +14.99%, respectively, compared to the previous year.

Investors might also notice recent changes to analyst estimates for Waste Management. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.42% upward. Waste Management currently has a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Waste Management has a Forward P/E ratio of 29.02 right now. This represents a discount compared to its industry average Forward P/E of 30.6.

We can additionally observe that WM currently boasts a PEG ratio of 2.69. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Waste Removal Services industry had an average PEG ratio of 2.53 as trading concluded yesterday.

The Waste Removal Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 159, which puts it in the bottom 36% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
2025-10-02 23:30 5mo ago
2025-10-02 19:16 5mo ago
SolarEdge Technologies (SEDG) Stock Falls Amid Market Uptick: What Investors Need to Know stocknewsapi
SEDG
SolarEdge Technologies (SEDG - Free Report) closed at $37.96 in the latest trading session, marking a -1.71% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.06%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, added 0.39%.

Shares of the photovoltaic products maker have appreciated by 16.29% over the course of the past month, outperforming the Oils-Energy sector's gain of 0.54%, and the S&P 500's gain of 3.94%.

Market participants will be closely following the financial results of SolarEdge Technologies in its upcoming release. The company is forecasted to report an EPS of -$0.48, showcasing a 96.87% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $333.46 million, up 27.81% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of -$3.05 per share and a revenue of $1.15 billion, demonstrating changes of +86.73% and +24.53%, respectively, from the preceding year.

Investors might also notice recent changes to analyst estimates for SolarEdge Technologies. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.02% lower within the past month. SolarEdge Technologies is holding a Zacks Rank of #3 (Hold) right now.

The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 27, putting it in the top 11% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
2025-10-02 23:30 5mo ago
2025-10-02 19:16 5mo ago
Ralph Lauren (RL) Exceeds Market Returns: Some Facts to Consider stocknewsapi
RL
Ralph Lauren (RL - Free Report) closed the most recent trading day at $322.38, moving +1.56% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.06%. Meanwhile, the Dow experienced a rise of 0.17%, and the technology-dominated Nasdaq saw an increase of 0.39%.

The upscale clothing company's shares have seen an increase of 1.3% over the last month, surpassing the Consumer Discretionary sector's loss of 1.49% and falling behind the S&P 500's gain of 3.94%.

The investment community will be paying close attention to the earnings performance of Ralph Lauren in its upcoming release. The company's earnings per share (EPS) are projected to be $3.34, reflecting a 31.5% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.87 billion, up 8.48% from the year-ago period.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $14.77 per share and a revenue of $7.51 billion, signifying shifts of +19.79% and +6.06%, respectively, from the last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Ralph Lauren. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.02% upward. At present, Ralph Lauren boasts a Zacks Rank of #1 (Strong Buy).

Looking at its valuation, Ralph Lauren is holding a Forward P/E ratio of 21.49. For comparison, its industry has an average Forward P/E of 15.44, which means Ralph Lauren is trading at a premium to the group.

One should further note that RL currently holds a PEG ratio of 1.6. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Textile - Apparel industry was having an average PEG ratio of 2.24.

The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 210, which puts it in the bottom 15% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
2025-10-02 23:30 5mo ago
2025-10-02 19:16 5mo ago
Bloom Energy (BE) Stock Dips While Market Gains: Key Facts stocknewsapi
BE
In the latest close session, Bloom Energy (BE - Free Report) was down 2.43% at $88.00. This move lagged the S&P 500's daily gain of 0.06%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, added 0.39%.

Shares of the developer of fuel cell systems witnessed a gain of 71.95% over the previous month, beating the performance of the Oils-Energy sector with its gain of 0.54%, and the S&P 500's gain of 3.94%.

The upcoming earnings release of Bloom Energy will be of great interest to investors. The company is predicted to post an EPS of $0.07, indicating a 800% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $411.09 million, indicating a 24.42% upward movement from the same quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $0.48 per share and revenue of $1.77 billion, which would represent changes of +71.43% and +20.37%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for Bloom Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 10% higher. Right now, Bloom Energy possesses a Zacks Rank of #3 (Hold).

Looking at valuation, Bloom Energy is presently trading at a Forward P/E ratio of 188.55. This represents a premium compared to its industry average Forward P/E of 20.49.

We can also see that BE currently has a PEG ratio of 6.73. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Alternative Energy - Other industry was having an average PEG ratio of 2.5.

The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 164, which puts it in the bottom 34% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
2025-10-02 23:30 5mo ago
2025-10-02 19:16 5mo ago
Akamai Technologies (AKAM) Rises Higher Than Market: Key Facts stocknewsapi
AKAM
Akamai Technologies (AKAM - Free Report) closed the most recent trading day at $78.01, moving +2.86% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.06%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, added 0.39%.

Prior to today's trading, shares of the cloud services provider had lost 2.22% lagged the Computer and Technology sector's gain of 8.78% and the S&P 500's gain of 3.94%.

The upcoming earnings release of Akamai Technologies will be of great interest to investors. The company is forecasted to report an EPS of $1.62, showcasing a 1.89% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.04 billion, reflecting a 3.7% rise from the equivalent quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.66 per share and revenue of $4.17 billion. These totals would mark changes of +2.78% and +4.36%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for Akamai Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.92% higher. Akamai Technologies presently features a Zacks Rank of #3 (Hold).

In terms of valuation, Akamai Technologies is presently being traded at a Forward P/E ratio of 11.38. For comparison, its industry has an average Forward P/E of 24.61, which means Akamai Technologies is trading at a discount to the group.

We can also see that AKAM currently has a PEG ratio of 2.32. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Internet - Services industry had an average PEG ratio of 1.66.

The Internet - Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 84, finds itself in the top 35% echelons of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow AKAM in the coming trading sessions, be sure to utilize Zacks.com.
2025-10-02 23:30 5mo ago
2025-10-02 19:16 5mo ago
American Airlines (AAL) Exceeds Market Returns: Some Facts to Consider stocknewsapi
AAL
American Airlines (AAL - Free Report) closed at $11.43 in the latest trading session, marking a +1.42% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.06%. On the other hand, the Dow registered a gain of 0.17%, and the technology-centric Nasdaq increased by 0.39%.

The world's largest airline's shares have seen a decrease of 16.15% over the last month, not keeping up with the Transportation sector's loss of 0.58% and the S&P 500's gain of 3.94%.

Analysts and investors alike will be keeping a close eye on the performance of American Airlines in its upcoming earnings disclosure. On that day, American Airlines is projected to report earnings of -$0.24 per share, which would represent a year-over-year decline of 180%. Meanwhile, our latest consensus estimate is calling for revenue of $13.65 billion, up 0.01% from the prior-year quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.45 per share and revenue of $54.52 billion, indicating changes of -77.04% and +0.57%, respectively, compared to the previous year.

Investors should also note any recent changes to analyst estimates for American Airlines. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 7.38% higher. American Airlines is holding a Zacks Rank of #3 (Hold) right now.

In terms of valuation, American Airlines is presently being traded at a Forward P/E ratio of 24.89. This expresses a premium compared to the average Forward P/E of 10.13 of its industry.

It's also important to note that AAL currently trades at a PEG ratio of 2.71. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Transportation - Airline industry had an average PEG ratio of 0.8 as trading concluded yesterday.

The Transportation - Airline industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 147, finds itself in the bottom 41% echelons of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
2025-10-02 23:30 5mo ago
2025-10-02 19:16 5mo ago
CRWV vs. GOOGL: Which AI Infrastructure Stock Is the Better Buy Now? stocknewsapi
CRWV GOOG GOOGL
Key Takeaways CRWV revenues surged 207% to $1.2B, with OpenAI contracts totaling $22.4B, boosting visibility.GOOGL's cloud revenues rose 32% to $13.6B, with a $50B run rate and expanding AI data centers.CRWV leans on rapid AI growth while GOOGL offers stability.
CoreWeave (CRWV - Free Report) and Alphabet (GOOGL - Free Report) provide cloud infrastructure services for AI workloads. CoreWeave offers GPU-accelerated infrastructure for AI, while Google is a well-established tech giant with diverse revenue sources and an expanding presence in the cloud and AI sectors.

Increased spending on AI infrastructure benefits CRWV and GOOGL, but not equally. So, if an investor wants to make a smart buy in the AI infrastructure space, which stock stands out?

Let’s scrutinize closely to find out which of these two stocks currently holds the edge, and more importantly, which might be the smarter bet now.

CRWV: An Explosive Growth StoryThe booming demand for AI infrastructure is greatly benefiting CoreWeave, which saw its revenues skyrocket by 207% to $1.2 billion in the second quarter. This marked the company's significant milestone of its first-ever billion-dollar quarter. Adjusted EBITDA almost tripled to $753.2 million.

Strategic partnerships with major players like OpenAI and NVIDIA bode well. CoreWeave recently announced yet another expansion of its contract with OpenAI. The new expansion contract, worth $6.5 billion, involves CRWV supplying capacity for OpenAI training of its next-generation models. The total value of OpenAI contact now stands at an impressive $22.4 billion, which includes $11.9 billion agreement in March and $4 billion expansion in May. OpenAI’s (which is a leading AI company) massive contract not only enhances revenue visibility for CRWV but also validates its AI infrastructure as cutting-edge and reliable.

Collaboration with NVIDIA is another positive aspect. CoreWeave was among the first cloud providers to put NVIDIA H100, H200, and GH200 clusters into production for AI workloads. The company's cloud services are also optimized for NVIDIA GB200 NVL72 rack-scale systems. Additionally, it deployed NVIDIA GB200 NVL72 and HGX B200 systems at scale, integrated into its “Mission Control” for enhanced reliability and performance. NVIDIA also has an agreement with CRWV to purchase residual unsold capacity through April 13, 2032, subject to certain conditions.

CoreWeave is actively expanding its data center network, enabling it to serve a diverse client base with low latency and high reliability. With over 900 MW of active power targeted by year-end, CRWV is positioning itself as a top-tier provider capable of supporting large-scale AI training and inference workloads. The launch of a new Ventures Fund to invest in AI startups and several acquisitions like Weights & Biases (acquired), Core Scientific, and OpenPipe (announced) strengthen CRWV’s position.

Nonetheless, CRWV’s aggressive expansion strategy is powered partly by hefty leverage, leading to heavy interest costs, which can undermine profitability. Interest expense surged to $267 million compared with $67 million a year ago. For the third quarter, it expects interest expenses to be between $350 million and $390 million, owing to high leverage. It has a massive capex plan of $20-$23 billion. Higher capex can be a concern if revenues do not keep up the required pace to sustain such high capital intensity, especially in a macro environment where AI demand cycles could fluctuate due to competitive pricing and regulatory changes.

GOOGL: Incumbent in the Tech SpaceAlphabet is one of the dominant names in the AI cloud infrastructure space with its Google Cloud. It leads the cloud computing space, along with Microsoft and Amazon Web Services. In the last reported quarter, Google Cloud revenues (14.1% of total revenues) surged 32% year over year to $13.6 billion, driven by growth across Google Cloud products, AI infrastructure and GenAI solutions. Google Cloud’s annual revenue run rate is more than $50 billion now.

Google is witnessing increasing traction for its wide-ranging AI portfolio, given its differentiated full-stack (spanning from AI infrastructure, research, models, tools, and other products and platforms) approach to AI. GOOGL has a vast network of AI-optimized data centers and cloud regions with 42 regions and 127 zones. Google's network is supported by edge locations and subsea cables. It recently announced a new transatlantic subsea cable system called Sol to link the United States, Bermuda, the Azores and Spain.

Apart from expanding AI infrastructure and cloud footprint, its dominant position in the search domain is a key catalyst. In the second quarter of 2025, Search and other revenues (56.2% of total revenues) increased 11.7% year over year to $54.19 billion. The momentum is being driven by features like AI Overview, which boasts 2 billion users per month and is available across 200 countries. It recently made AI mode available in five new (Hindi, Indonesian, Japanese, Korean and Brazilian Portuguese) languages.  YouTube’s advertising revenues improved 13.1% year over year to $9.77 billion.

Apart from business diversification, Alphabet has stupendous financial resources. As of June 30, 2025, cash, cash equivalents and marketable securities were $95.15 billion. Alphabet generated $27.75 billion of cash from operations in the second quarter of 2025. GOOGL spent $22.45 billion on capital expenditure, generating a free cash flow of $5.3 billion in the reported quarter.

However, the intense competition from Azure and AWS is concerning. Heavy capex spend could strain margins if AI returns do not materialize. Amid explosive cloud and AI demand, it heavily invests in infrastructure and has earmarked a staggering $85 billion (up $10 billion from the previous estimate) in capex for 2025 alone.

CRWV & GOOGL’s Stock PerformanceCRWV shares have gained 18.9% while GOOGL stock is up 14.6%.

Valuation for CRWV & GOOGLValuation-wise, both Google and CoreWeave are overvalued, as suggested by the Value Score of D and F, respectively.

In terms of Price/Book, CRWV shares are trading at 21.12X, lower than GOOGL’s 8.13X.

How Do Zacks Estimates Compare for CRWV & GOOGL?Analysts have revised earnings estimates downward for CRWV's bottom line for the current year.

For GOOGL, there is a marginal upward revision.

CRWV or GOOGL: Which is a Better Pick?The stocks carry a Zacks Rank #3 (Hold) each. You can see the complete list of today’s Zacks #1 Rank stocks here.

Both CoreWeave and Alphabet are well-positioned to benefit from the surging demand for AI infrastructure. Alphabet brings unmatched scale, diversification, and financial resilience, with its cloud segment experiencing rapid expansion. It remains a long-term safe bet for investors seeking stability and steady exposure to AI.

CoreWeave is capturing outsized growth, fueled by massive OpenAI contracts and NVIDIA integration. For investors looking for explosive AI-driven growth, CoreWeave seems a more compelling play.
2025-10-02 23:30 5mo ago
2025-10-02 19:22 5mo ago
Metso Oyj (OUKPY) Analyst/Investor Day Transcript stocknewsapi
OUKPF OUKPY
Metso Oyj (OTCPK:OUKPY) Analyst/Investor Day October 2, 2025 7:00 AM EDT

Company Participants

Sami Takaluoma - CEO, President & Member of the Executive Team
Pasi Kyckling - Chief Financial Officer
Juha Rouhiainen - Vice President of Investor Relations
Saso Kitanoski - President of Consumables Business Area & Member of the Executive Team
Markku Simula - President of Aggregates & Member of the Executive Team
Heikki Metsala - President of Services Business Area & Member of Executive Team
Piia Karhu - SVP of Business Development, Member of Executive Team & President of Mineral Business
Jaakko Huhtapelto
Giuseppe Campanelli - President of Minerals Services & Pumps
Markku Terasvasara

Conference Call Participants

Thomas Skogman
Vladimir Sergievskiy - Barclays Bank PLC, Research Division
Christian Hinderaker - Goldman Sachs Group, Inc., Research Division
Michael Harleaux - Morgan Stanley, Research Division
William Mackie - Kepler Cheuvreux, Research Division
Anders Idborg - ABG Sundal Collier Holding ASA, Research Division
Antti Kansanen - SEB, Research Division
Panu Laitinmaki - Danske Bank A/S, Research Division
Mikael Doepel - Nordea Markets, Research Division
Tomi Railo - DNB Carnegie, Research Division

Conversation

Unknown Executive

Hi, everyone. Welcome to highly anticipated Metso's Capital Markets Day 2025. We have a pleasure to invite all of you who have joined us at the Helsinki Airport in person today, and also a warm welcome to everybody participating online. We heard that there were some unpleasant surprises when it comes to flights to Helsinki today. So we're glad that you made it via webcast with us today. In Metso, we start with safety. So in this room, we have emergency exits here on your left-hand side near the stage and there in the back. And if everything happens, we just follow instructions. We don't use elevators and we'll behave in good order.

So it will be all good. Looking at our agenda. We have interesting presentations for you this afternoon. We will momentarily start with

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2025-10-02 23:30 5mo ago
2025-10-02 19:24 5mo ago
Vistra Marks Next Step in Acquisition of Gas Generation Fleet with Approval from the Federal Energy Regulatory Commission stocknewsapi
VST
IRVING, Texas , Oct. 2, 2025 /PRNewswire/ -- Vistra (NYSE: VST) today announced it has received regulatory approval from the Federal Energy Regulatory Commission (FERC) for its previously announced acquisition of certain subsidiaries owning seven modern natural gas generation facilities from Lotus Infrastructure Partners. The transaction remains on track to close this quarter or Q1 2026.
2025-10-02 23:30 5mo ago
2025-10-02 19:26 5mo ago
FLR Investors Have Opportunity to Lead Fluor Corporation Securities Fraud Lawsuit stocknewsapi
FLR
, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Fluor Corporation (NYSE: FLR) between February 18, 2025 and July 31, 2025, both dates inclusive (the "Class Period"), of the important November 14, 2025 lead plaintiff deadline.

So what: If you purchased Fluor securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Fluor class action, go to https://rosenlegal.com/submit-form/?case_id=44868mailto:or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 14, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) costs associated with the Gordie Howe International Bridge ("Gordie Howe"), the Interstate 365 Lyndon B. Johnson ("I-635/LBJ") and Interstate 35E ("I-35") highways in Texas projects were growing because of, inter alia, subcontractor design errors, price increases, and scheduling delays; (2) the foregoing, as well as customer reduction in capital spending and client hesitation around economic uncertainty, was having, or was likely to have, a significant negative impact on Fluor's business and financial results; (3) accordingly, Fluor's financial guidance for the full year 2025 was unreliable and/or unrealistic, the effectiveness of Fluor's risk mitigation strategy was overstated, and the impact of economic uncertainty on Fluor's business and financial results was understated; and (4) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Fluor class action, go to https://rosenlegal.com/submit-form/?case_id=44868  mailto:call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
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SOURCE THE ROSEN LAW FIRM, P. A.

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2025-10-02 22:30 5mo ago
2025-10-02 17:09 5mo ago
Fitell Corporation Expands Solana Treasury with $1.5M PUMP Token Purchase cryptonews
SOL
Australia’s Fitell Corporation, a Nasdaq-listed company, has made headlines by purchasing 216.8 million PUMP tokens for $1.5 million. This bold acquisition is part of the firm’s growing Solana-centric treasury strategy, signaling a dramatic shift from its original fitness equipment business toward becoming a digital asset-focused enterprise.

Before adding PUMP, Fitell had already allocated $10 million into Solana (SOL) through a $100 million convertible debt facility. With SOL currently trading around $203.27, this represents approximately 49,200 tokens. The new PUMP purchase therefore supplements rather than replaces its substantial SOL holdings.

PUMP is the native token powering Pump.fun, a rapidly expanding Solana-based memecoin launchpad that recently outperformed Hyperliquid in daily revenue. Fitell’s large-scale entry highlights growing institutional interest in Solana’s ecosystem, even in risk-heavy sectors like meme tokens.

Despite the strategic push, investor sentiment reacted cautiously. Fitell’s share price fell 8.31% to $5.52 after the announcement, reflecting market concern over the risks tied to such a concentrated token bet. With PUMP’s market cap at just $6.8 million, Fitell’s $1.5 million buy represents a major allocation relative to its size.

Looking ahead, Fitell plans to deploy its SOL and PUMP holdings into structured yield products, further cementing its pivot into crypto treasury management. The company also revealed plans to rebrand as “Solana Australia Corporation”, underscoring its long-term commitment to blockchain assets.

Meanwhile, market data shows PUMP has surged over 90% in market cap over the past month to around $2.5 billion, fueled by Bitcoin’s rally near $119,500. However, futures activity has cooled, with trading volume down nearly 30% to $466.8 million. Still, open interest sits near $190 million, and the token continues to trade with volatility, hovering around $0.007.

Fitell’s aggressive strategy places it at the center of Solana’s growing treasury ecosystem, reflecting both the potential and risks of institutional adoption in the crypto space.

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2025-10-02 22:30 5mo ago
2025-10-02 17:12 5mo ago
Canaan Inc. Secures $50K Bitcoin Mining Rig Order, Shares Surge 26% cryptonews
BTC
TLDR

Table of Contents

TLDRCanaan’s Growing Influence in the Bitcoin Mining SectorBitcoin Mining’s Growing Challenges

Canaan Inc. secured a 50,000-unit order for its Avalon A15 Pro mining rigs from a U.S.-based buyer.
The sale represents Canaan’s largest order in over three years and highlights the growing demand for efficient Bitcoin mining equipment.
Canaan’s stock surged by 26% following the announcement, reflecting strong investor confidence in the company’s future.
The United States continues to lead the global Bitcoin mining industry, accounting for 36% of the total hashrate.
Bitcoin mining difficulty reached a new high, pushing miners to invest in more efficient hardware like Canaan’s Avalon A15 Pro.

Canaan Inc., a leading crypto mining hardware company, saw its shares surge by over 26% after securing a significant order. The company landed a 50,000-unit order for its next-generation Avalon A15 Pro mining rigs from a U.S.-based buyer. This deal represents Canaan’s largest sale in over three years, signaling strong demand in the Bitcoin mining sector.

Canaan’s Growing Influence in the Bitcoin Mining Sector
Canaan’s CEO, Nangeng Zhang, expressed confidence in the future of Bitcoin mining following the deal. He said the sale underscores the “long-term growth” potential of Bitcoin mining and the “demand for highly efficient infrastructure.” Canaan’s latest-generation Avalon A15 Pro machines are designed to handle the increasing difficulty of mining Bitcoin, offering higher energy efficiency and greater processing power.

The United States remains the world’s largest Bitcoin mining hub, accounting for 36% of the global hashrate. This order further solidifies Canaan’s position as a major player in the growing industry. As Bitcoin mining becomes increasingly competitive, institutional buyers are turning to top-tier equipment, such as Canaan’s Avalon series, to maintain profitability.

Bitcoin Mining’s Growing Challenges
Bitcoin mining has become more challenging, with mining difficulty hitting new records in recent months. On September 5, mining difficulty reached 134.7 trillion, a significant increase from August’s 127.6 trillion. This rising difficulty makes Bitcoin mining more challenging and expensive, pushing smaller miners out of the market.

The increased difficulty also raises operational costs for miners, making efficient hardware more essential. Larger institutions are taking the lead, with the top four public miners MARA, IREN, Cango, and CleanSpark accounting for nearly 20% of block rewards in July. Despite these challenges, solo miners continue to secure blocks, underscoring the enduring potential for individual success in Bitcoin mining.

Canaan’s shares jumped to $1.31 on Nasdaq following the announcement, reflecting investor optimism. Over the past six months, Canaan’s stock has risen by more than 50%, though it remains down 40% year-to-date. The recent sale illustrates the company’s resilience in the volatile Bitcoin mining market.
2025-10-02 22:30 5mo ago
2025-10-02 17:14 5mo ago
Ethereum Price Analysis: Is ETH Ready to Moon Akin to Bitcoin and Gold Soon? cryptonews
BTC ETH
Ethereum (ETH) price has gained bullish momentum in the past two days akin to Bitcoin (BTC) and Gold. The top-tier altcoin, with a fully diluted valuation of about $541 billion, surged over 4% during the past 24 hours to reach a range high of about $4,517 before retracing to trade around $4,485 at press time. 

The Ethereum price pump in the last two days has almost mirrored that of Bitcoin, which has closely followed the footsteps of gold. With the wider crypto market signaling a bullish outlook, more than $470 million was liquidated from the leveraged traders during the last 24 hours. 

Top Reasons Why Ethereum Price Surged Today‘Uptober’ Crypto Bullish NarrativeHistorically, the Ethereum price has recorded positive returns in October since its inception. Moreover, Ether price is expected to record a parabolic rally in the fourth quarter, akin to the 2017 crypto summer. 

Short Squeeze ImpactHeavy liquidation of short traders in the past two days, amid ‘Uptober’ sentiment, has influenced the rising odds of a short squeeze. During the past 24 hours, a total of $129 million was liquidated from Ether’s leveraged market, with over $106 million involving short traders.

High Demand from Whale Investors The demand for Ethereum by whale investors has remained high in the recent past. For instance, aggregate market data from CoinGecko shows that a total of 13 entities, led by BitMine, have accumulated over 4 million ETH, valued at nearly $18 billion.

Market data analysis from SoSoValue shows that the U.S. spot Ether ETFs purchased Ether valued at around $80 million on Wednesday.

What’s Next for Ether Price?From a technical analysis standpoint, the ETH price has rallied above a crucial support/resistance level around $4.2k in the last two days. 

However, crypto analyst Ali Martinez recently noted that the ETH price faces a strong resistance level around $4,505.
2025-10-02 22:30 5mo ago
2025-10-02 17:15 5mo ago
IBIT Surpasses Deribit to Become Largest Bitcoin Options Platform cryptonews
BTC
BlackRock’s IBIT Bitcoin ETF now leads BTC options with $38 billion in open interest, surpassing Coinbase-owned Deribit’s volume.Despite September’s ETF outflows, IBIT’s resilience highlights ETFs’ growing dominance over crypto-native derivatives.TradFi’s takeover of Bitcoin options could pressure crypto margins, even as strong open interest signals bullish market sentiment.BlackRock’s Bitcoin ETF is currently the largest venue for BTC options trading, reaching a whopping $38 billion in open interest. The product surpassed Deribit, a derivatives exchange owned by Coinbase, to achieve this goal.

This record could serve as a bullish data point for crypto ETFs, as IBIT was better-equipped to deal with setbacks last month. Still, in the long run, a TradFi takeover could cut into crypto margins.

Bitcoin Options Have a New KingWith Bitcoin options traders preparing for Uptober, it’s important to remember just how huge this market really is. Four months ago, Coinbase agreed to a $2.9 billion deal to purchase Deribit, the popular derivatives exchange, and the firm’s stock rose 37% during the negotiations.

Sponsored

Sponsored

Last month, Coinbase completed this deal to make bold expansions in the Bitcoin and crypto options markets. However, the BTC ETFs are apparently even more popular than this platform, with BlackRock’s IBIT reaching a mesmerizing $38 billion in open interest:

Experts already called IBIT the “greatest launch in ETF history,” but this really puts the asset’s prominence in perspective. Even while Bitcoin ETFs saw institutional outflows and deflated gains in September, this single product has still come to dominate the options market.

An ETF Takeover?To be fair, the graph clearly shows that Deribit’s open interest fell sharply in the last few days, which is an important component of this crossover. A record-breaking $21 billion in Bitcoin and Ethereum options expired last week, creating a huge stress-test for derivatives exchanges.

Still, this evidently wasn’t a comparable problem for ETFs.

This data point is a handy piece of evidence supporting ETFs’ growing stature. Both IBIT and Deribit faced important setbacks last month, but the ETF has apparently weathered them more effectively.

Considering that a flood of altcoin ETFs may hit the markets after the US government shutdown ends, this could be very useful information.

Regardless of which venue is more successful, this high open interest for Bitcoin options trading is a bullish signal. While BTC’s price continues to rise, the markets show a diversified appetite.

Still, there might be some potential downsides to this approach. As TradFi institutions like BlackRock become the preferred vehicles for Bitcoin options trading, it may become harder to achieve the same rapid price gains that crypto is famous for.

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.
2025-10-02 22:30 5mo ago
2025-10-02 17:15 5mo ago
Pi Network Price Crash Deepens as Whale Halts Buying Spree cryptonews
PI
Pi Network’s price has taken a steep hit, plunging more than 90% from its peak since the mainnet launch earlier this year. The crash has wiped out nearly $18 billion in market value, bringing Pi’s capitalization down to around $2 billion. Much of the decline is linked to a slowdown in whale accumulation, which had previously been a major driver of momentum.

Blockchain data from PiScan shows that a single mysterious whale had been aggressively buying Pi on a near-daily basis, amassing over 383 million tokens worth about $101 million. This accumulation made him the second-largest holder after the Pi Foundation, which controls more than 90 billion tokens. However, the whale abruptly stopped purchasing ten days ago, with his last recorded move being 1.4 million tokens, worth roughly $380,000, transferred from OKX to his self-custody wallet.

There are several theories behind this pause. The investor may simply be taking a break after deploying over $100 million in less than a month, or he may have already hit his accumulation target. Another possibility is a shift in sentiment—small outgoing transfers to another wallet in recent days hint at a potential move toward selling.

The timing of the halt coincides with falling investor demand. Pi’s trading volume has slumped by 20% in 24 hours to $30 million, a notably low figure for a coin with a multi-billion-dollar valuation. Even after Pi co-founder Dr. Chengdiao Fan’s appearance at TOKEN2049 in Singapore, where she refrained from disclosing details about tokenomics or exchange listings, the market response remained bearish.

From a technical perspective, Pi has broken below key support at $0.3173 and continues to form a bearish flag pattern. The coin trades under both its 50-day and 100-day moving averages, underscoring strong downside pressure. If bears push the price below $0.1837, the next logical target could be $0.10. However, reclaiming $0.3173 would signal renewed buying interest and could invalidate the bearish outlook.

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2025-10-02 22:30 5mo ago
2025-10-02 17:16 5mo ago
Bitcoin's next stop could be $125K: Here's why cryptonews
BTC
Key takeaways:

Over $313 million in Bitcoin bearish positions were liquidated, signaling conditions for a short squeeze.

Gold’s momentum highlights investors’ search for alternatives as interest rate cut expectations gain traction.

Bitcoin (BTC) flirted with the $121,000 level on Thursday, marking its highest point in seven weeks. Bulls remain confident, noting that current conditions are far stronger than they were in mid-August when BTC briefly touched $124,000.

Beyond easing recession fears and gold’s supportive momentum, Bitcoin derivatives suggest traders were caught off guard, a setup that often creates the conditions for a short squeeze.

Gold/USD (left) vs. Bitcoin/USD. Source: TradingView / CointelegraphIn contrast, gold had stalled near $3,400 for nearly two months prior to mid-August, when Bitcoin surged to its record high. At the time, global trade tensions were intensifying as the temporary 90-day China import tariff reduction by the United States expired on Aug. 12, fueling expectations of looming inflationary pressure.

Reduced inflation risks and gold returns favor Bitcoin gainsThe most recent US Personal Consumption Expenditures Price Index, released Friday, showed a 2.9% increase from August, in line with analyst forecasts. With inflation no longer viewed as a pressing concern, traders gained confidence that the US Federal Reserve (Fed) would maintain its course toward additional interest rate cuts.

Traders who bought Bitcoin above $120,000 in August ended up disappointed, as import tariffs failed to negatively affect the US trade balance or retail sales, at least in the short term. Bitcoin’s October advance has coincided with a 16% rally in gold prices over six weeks, while World Gold Council data points to steady accumulation by central banks.

Implied odds for US Fed rates by Jan. 2026. Source: CME FedWatchAccording to the CME FedWatch tool, the implied probability of the US Federal Reserve lowering rates to 3.50% or below by January 2024 now stands at 40%, compared with 18% in mid-August. Investors may welcome inflation’s current trajectory, but ongoing labor market weakness could challenge the recent S&P 500 all-time high, particularly amid uncertainty tied to the US government shutdown.

On Monday, US Federal Reserve Vice Chair Philip Jefferson voiced concern over the labor market, warning that it “could experience stress” if left unsupported. Jefferson attributed the pressure to US President Donald Trump’s trade, immigration, and other policies, according to Reuters. He added that these effects “will further show in coming months,” prompting traders to look for alternative hedge instruments.

Bitcoin derivatives and reduced AI sector concerns reduce sell pressureIn the three days leading to Bitcoin’s all-time high in mid-August, traders were pricing roughly equal odds of upward and downward price moves, according to derivatives data. Today, however, the same BTC options indicator signals a moderate fear of correction, with put (sell) options trading at a premium compared with call (buy) options.

Deribit 30-day BTC options delta skew (put-call). Source: Laevitas.chMore than $313 million in leveraged short (sell) Bitcoin futures positions were liquidated between Wednesday and Thursday, according to CoinGlass data. This further confirms that the rally above $120,000 caught markets by surprise, reducing the likelihood of heavy profit-taking in futures markets if bullish momentum holds.

Another factor easing short-term risks was OpenAI’s successful share sale at a record $500 billion valuation. The artificial intelligence sector had been facing heightened scrutiny following US export restrictions on advanced AI chips to China and Meta’s decision to freeze hiring in its AI division.

With investors showing stronger conviction in coming interest rate cuts in the US and perceiving less risk of a stock market correction, Bitcoin’s path toward $125,000 and higher appears increasingly plausible. Meanwhile, gold’s steady momentum highlights traders’ growing preference for alternatives to traditional bond and equity markets.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
2025-10-02 22:30 5mo ago
2025-10-02 17:20 5mo ago
New York Senator Proposes Progressive Bitcoin Mining Tax to Fund Utility Relief cryptonews
BTC
A new proposal in the New York State Senate is stirring debate in the cryptocurrency industry. State Senator Liz Krueger has introduced a bill that would impose progressive taxes on Bitcoin mining firms, targeting the largest operators while exempting smaller ones. If passed, the bill would specifically apply to proof-of-work tokens, but its real impact would be felt by Bitcoin miners across the state.

The measure is designed with two major goals: addressing environmental concerns and reducing electricity costs for everyday New Yorkers. Revenue from the proposed tax would be directed toward energy affordability programs, subsidizing utility bills for residents.

Krueger, who currently chairs the Senate Finance Committee, emphasized the burden mining companies place on local communities. “Cryptocurrency miners provide very little benefit to New York State or to the communities where they are located, but create significant costs and burdens on ratepayers, the electric grid, the local environment, and our shared climate. This bill will ensure that the costs of those negative impacts will no longer be foisted on everyone else,” she said in a press release.

Although the bill is only three pages long, it could have sweeping implications. Supporters argue that Bitcoin mining consumes massive amounts of energy with minimal economic return for local communities. Detractors warn that such regulation could stifle innovation and drive companies away from New York. Recent deals, like the $3.7 billion partnership between a Bitcoin mining firm and Google to build new data centers in the state, could be jeopardized if the legislation moves forward.

Currently, Krueger has just one co-sponsor, but her influential committee role may help push the measure through initial hurdles. Still, the outcome remains uncertain. New York has previously passed restrictive crypto laws, and while some enthusiasts remain cautiously optimistic, the state legislature has a history of taking a hard line against the industry.

At its core, the bill underscores the growing clash between cryptocurrency expansion, climate policy, and consumer protection. With energy costs and environmental impacts under scrutiny, this proposal could reshape the future of Bitcoin mining in New York.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>
2025-10-02 22:30 5mo ago
2025-10-02 17:22 5mo ago
New York bill proposes tax on Bitcoin mining for energy aid cryptonews
BTC
Lawmakers aim to balance energy demands and social support by shifting mining tax revenues toward relief for low- and moderate-income households in New York.

Photo: Brian Wangenheim

Key Takeaways

New York introduced bill S.8518 to tax proof-of-work cryptocurrency mining operations such as Bitcoin.
The tax revenue is intended to fund energy relief programs for state residents.

New York lawmakers introduced bill S.8518 today to impose taxes on proof-of-work cryptocurrency mining operations, with revenues directed toward energy relief programs for residents.

The legislation targets Bitcoin and other energy-intensive crypto mining activities amid growing concerns over electricity consumption and utility costs across the state.

Senator Liz Krueger is among the lawmakers pushing S.8518, which specifically addresses cryptocurrency mining’s substantial electricity demands by redirecting tax revenues to state energy affordability programs that support low- to moderate-income households.

Bitcoin mining operations in New York face increasing regulatory pressure over their use of carbon-based fuels, with the proposed legislation designed to incentivize shifts toward renewable energy sources.

Disclaimer
2025-10-02 22:30 5mo ago
2025-10-02 17:23 5mo ago
VanEck Registers Lido Staked Ethereum Trust in Delaware, LDO Up 7% cryptonews
LDO STETH
Why Trust CoinGape

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

VanEck has formally registered its VanEck Lido Staked Ethereum ETF in Delaware. If approved, this would expand its crypto exchange-traded funds (ETF). Anticipation of greater adoption by investors reflected in the LDO price rising above 7%.

VanEck Registers Lido Staked Ethereum ETF with Delaware Trust Filing
Based on the official document, it is registered as a statutory trust, with the agent being CSC Delaware Trust Company. The move is a significant step towards offering staked Ethereum products to all categories of investors.

The first step for most ETFs is usually a filing in the state of Delaware before approval is sought from the U.S. Securities and Exchange Commission (SEC). The registration does not guarantee an approval. However, it indicates VanEck is interested in providing additional crypto products.

The launch of the first Ethereum staking ETF has already shown how demand for such products can accelerate investor interest in ETH.

The firm already manages spot Bitcoin and Ethereum ETFs, which have seen notable inflows since their approval. By tying the new product to Lido’s staked Ethereum, VanEck is aiming to capture growing investor demand for yield-generating digital assets.

VanEck Eyes Edge in Growing Staked Ethereum Market
Staked Ethereum represents tokens locked on the Ethereum network to secure transactions. Currently, the best platform for this purpose is Lido because it provides liquidity to the user. If not, their assets would have been locked.

Investors can continue to receive staking rewards through liquid staking and also trade Ethereum. Integrating this model into an ETF structure allow large investors to receive staking returns without needing to understand blockchain specifics.

Institutional adoption of crypto products is accelerating after the launch of spot Ethereum ETFs. The filing may be a part of VanEck’s strategy to remain ahead of competitors like BlackRock and Fidelity, who might also explore staking-related investment vehicles.

Lido Token Jumps as VanEck Filing Sparks Optimism
Delaware has become the main jurisdiction for registering new funds because of its favorable trust laws. Most statutory trusts begin here before advancing toward SEC evaluation. The SEC recently granted generic listing approval for Grayscale Ethereum ETFs, showing how quickly the regulatory landscape for such products is evolving.

The listing of CSC Delaware Trust Company as the registered agent follows a common structure for large asset managers. The news had an effect on the price of Lido DAO (LDO) token. According to TradingView, LDO went up by 16.25% over the past week and 53.78% over the past six months.

LDO token rallied over 8% to $1.29 as VanEck’s Lido staked Ethereum Delaware trust filing fueled investor optimism.

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

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
2025-10-02 22:30 5mo ago
2025-10-02 17:25 5mo ago
Tether and Circle Fuel Market Debate With $3B Stablecoin Minting Amid Regulatory Pressure cryptonews
USDT
Tether (USDT) and Circle (USDC) have sparked intense debate after minting nearly $3 billion worth of stablecoins within 24 hours. The surge comes despite relatively stable transaction volumes for both tokens, raising questions about the necessity of injecting such large amounts of liquidity into the crypto ecosystem. While the stablecoin market has been growing rapidly, the lack of transparency around reserves and audits has heightened community skepticism.

Recent data shows stablecoin supply and trading activity reached record highs last month, though analysts note much of the trading may be driven by bots rather than organic demand. With competitors exploring new ways to gain market share, Tether and Circle appear determined to defend their dominance. In fact, Tether issued around $5 billion in new tokens just a week and a half ago, while Circle has been minting smaller amounts to keep pace.

Still, the motive behind these aggressive minting sprees is unclear. Neither USDT nor USDC has seen corresponding spikes in usage, leaving investors to speculate. Some analysts suggest the moves could be tied to liquidity management or even market manipulation, fueling bearish sentiment across crypto social channels. Tether’s lack of a verified third-party audit remains a major concern, especially with looming regulations such as the proposed GENIUS Act in the United States. If enacted, the legislation could require stablecoin issuers to hold U.S. Treasury bonds as backing and submit to regular audits, conditions both companies have yet to meet.

Although both firms have been heavily investing in Treasuries, their reserves still fall short of fully covering minted tokens. Until greater clarity emerges, speculation around Tether and Circle’s strategy—and the long-term stability of USDT and USDC—will likely continue to dominate the conversation in crypto markets.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>
2025-10-02 22:30 5mo ago
2025-10-02 17:26 5mo ago
JPMorgan: Bitcoin Price Could Reach $165,000, Showing Strong Upside cryptonews
BTC
TLDR

JPMorgan predicts Bitcoin could rise to $165,000, highlighting its current undervaluation compared to gold.
The bank notes that Bitcoin’s volatility relative to gold has dropped below 2.0, making it more attractive to investors.
Bitcoin’s market capitalization is expected to grow by $1 trillion, reaching a valuation of $3.3 trillion.
Bitcoin now consumes only 1.85 times more risk capital than gold, signaling a more favorable investment profile.
U.S. spot Bitcoin ETFs saw $675.8 million in daily inflows, demonstrating growing institutional interest in Bitcoin.

JPMorgan analysts predict that Bitcoin price is undervalued compared to gold and could rise to $165,000. The bank notes that Bitcoin’s volatility relative to gold has dropped below 2.0. This reduction in volatility makes Bitcoin increasingly attractive to investors seeking stability.

JPMorgan’s analysis suggests that Bitcoin’s current market capitalization of $2.3 trillion could grow by $1 trillion. With this growth, Bitcoin’s valuation could reach $3.3 trillion, aligning its price with $165,000. The analysis suggests that Bitcoin’s fair value should be significantly higher, particularly as gold prices rise.

The bank also observed that Bitcoin’s price remains about 34.5% below its projected fair value of $160,000. This discrepancy underscores the potential for significant growth in Bitcoin’s market price. JPMorgan’s analysis aligns Bitcoin’s value with the $6 trillion invested in gold, indicating a fair value target.

Bitcoin’s Risk Capital Comparisons to Gold
JPMorgan’s report emphasizes Bitcoin’s lower risk capital consumption compared to gold. Analysts reveal that Bitcoin now consumes only 1.85 times as much risk capital as gold. This shift suggests that Bitcoin’s financial profile is more attractive to investors.

https://x.com/matthew_sigel/status/1973710595267457515?s=46

Bitcoin’s risk-adjusted value has become more comparable to that of gold, even as the Bitcoin market continues to evolve. JPMorgan suggests that Bitcoin could see a market capitalization of $3.3 trillion based on this comparison. This change reflects growing investor confidence in Bitcoin, particularly due to its decreasing volatility.

The current strength of Bitcoin ETFs further supports Bitcoin’s potential growth. The report highlights the $675.8 million in daily inflows into U.S. spot Bitcoin ETFs. This influx of capital brings Bitcoin closer to achieving its projected market cap of $3.3 trillion.

JPMorgan’s Bullish Sentiment on Bitcoin’s Future
JPMorgan analysts remain bullish about Bitcoin’s future, projecting that it could reach $165,000 in the coming months. The bank draws attention to the increasing institutional interest in Bitcoin, including large inflows into Bitcoin-backed ETFs. The trend suggests that Bitcoin’s financial footprint is comparable to that of gold-backed funds.

Analysts also note that the valuation gap between Bitcoin and its fair value has reached historic lows. JPMorgan points out that this presents a significant upside for Bitcoin, as it moves closer to aligning with gold’s market value. Major financial institutions such as Citigroup share similar bullish predictions, with Bitcoin potentially reaching $231,000 in 12 months.
2025-10-02 22:30 5mo ago
2025-10-02 17:31 5mo ago
Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next? cryptonews
BTC
Bitcoin has traded above $120K amid renewed institutional demand. Spot allocations have increased, BlackRock and Fidelity have led daily flows, and ETF trackers have reported volume exceeding $5B as Vanguard has reconsidered allowing crypto ETFs on its platform.
2025-10-02 22:30 5mo ago
2025-10-02 17:31 5mo ago
Melania Trump Revives Solana Meme Coin With AI Video Amid Ongoing Controversy cryptonews
MELANIA
After nearly a year of silence, First Lady Melania Trump resurfaced to promote her Solana-based meme coin, MELANIA, through an AI-generated video on X. Captioned “Into the Future,” the post marked her first activity since June and quickly reignited trading interest. The surprise appearance sent the token’s price from $0.16 to $0.19 before stabilizing at $0.18, according to CoinGecko. Despite this spike, the coin remains down over 98% from its January all-time high of $13.73.

The timing of the promotion has drawn renewed attention to the controversy surrounding the project. Analysts have repeatedly criticized the MELANIA team for a lack of transparency in handling community funds. Data tracked by Bubblemaps revealed that in April the team moved and sold more than $30 million in tokens, including $10 million from community pools. In another instance that same month, the team reportedly liquidated $1.5 million worth of tokens over three days, using a staggered selling approach to avoid triggering a dramatic crash. Many saw this as a calculated move to maximize profit while maintaining market pressure.

This controversy adds to broader scrutiny surrounding politically-linked meme coins. The MELANIA token was originally launched on the eve of Donald Trump’s presidential inauguration and has since struggled to recover from its collapse. Meanwhile, the TRUMP token experienced more successful trading cycles, often surging in response to major policy announcements. However, it too has faced backlash. In May, President Trump invited the top 220 TRUMP token holders to a private dinner at his Virginia golf club. Critics accused him of using political office to boost token value, sparking ethical debates over personal financial gain tied to public influence.

While Melania’s new AI promotion briefly revived interest, analysts argue the project’s credibility remains damaged. Without addressing concerns over multimillion-dollar token sales, the future of the MELANIA meme coin appears uncertain, leaving investors wary despite the recent publicity push.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>
2025-10-02 22:30 5mo ago
2025-10-02 17:36 5mo ago
Vanguard's Potential U-Turn on Crypto ETFs Could Be Explosive for Bitcoin cryptonews
BTC
For years, Vanguard has been one of the most skeptical voices when it comes to cryptocurrency. The world's second-largest asset manager, overseeing nearly $11 trillion in assets and serving more than 50 million clients globally, had firmly refused to allow its customers access to Bitcoin ETFs or other digital asset products.
2025-10-02 22:30 5mo ago
2025-10-02 17:43 5mo ago
VanEck Expands Crypto ETFs with Lido Staked Ethereum Registration cryptonews
STETH
TLDR

VanEck has officially registered its Lido Staked Ethereum ETF in Delaware.
The filing is an important step before seeking approval from the U.S. Securities and Exchange Commission.
Lido Staked Ethereum offers investors exposure to yield-generating digital assets.
LDO token saw a significant price surge of 7% following the registration announcement.
Delaware’s favorable trust laws make it a popular jurisdiction for registering new funds.

VanEck has officially registered its VanEck Lido Staked Ethereum ETF in the state of Delaware. If approved, this marks a significant expansion of its crypto ETF offerings. The registration indicates VanEck’s growing interest in offering new cryptocurrency investment products. The LDO token saw a 7% price surge following this announcement.

VanEck Files Lido Staked Ethereum ETF with SEC
VanEck has chosen Delaware to register its Lido Staked Ethereum ETF. This step aligns with the firm’s typical process of filing in Delaware. Delaware’s favorable trust laws make it a popular choice for establishing new funds. The filing is a critical first step before seeking approval from the U.S. Securities and Exchange Commission (SEC).

Although registration does not guarantee approval, it shows VanEck’s commitment to expanding its crypto offerings. VanEck aims to provide investors with exposure to staked Ethereum, allowing access to yield-generating digital assets. The filing reflects growing institutional interest in staking products and crypto ETFs.

The agent for this ETF filing is CSC Delaware Trust Company, a common choice for large asset managers. The trust structure ensures compliance with Delaware’s regulations. This move is expected to position VanEck ahead of competitors in the crypto ETF market.

Institutional Interest in Ethereum Staking ETFs
The launch of Ethereum staking ETFs has already sparked greater institutional interest. VanEck aims to capitalize on this demand by offering the Lido Staked Ethereum ETF. Staked Ethereum involves tokens locked to secure the Ethereum network, with Lido providing liquidity. This liquidity allows investors to continue trading Ethereum while earning staking rewards.

VanEck’s Ethereum ETF will offer investors a way to gain exposure to staked Ethereum without having to deal with blockchain complexities. The product is likely to appeal to institutional investors seeking returns through yield-generating assets. Liquid staking makes it easier for large investors to engage with Ethereum staking.

Ethereum staking ETFs are gaining popularity, particularly after the success of spot Ethereum ETFs. VanEck’s new product is expected to attract significant investor interest in this growing sector. The firm’s move follows the increasing demand for secure and liquid staking solutions.

The news of VanEck’s filing boosted the Lido DAO (LDO) token. LDO’s market capitalization surpassed $1.15 billion, showing an increase of over $87 million in a day. Within the same period, the price of LDO surged by 8.16%.

Over the past week, LDO increased by 16.25%, and it rose by 53.78% over the last six months. This surge reflects the market’s positive reaction to the announcement and the growing demand for Ethereum staking products.
2025-10-02 22:30 5mo ago
2025-10-02 17:45 5mo ago
Why is Bitcoin near all-time highs? Everything that happened in crypto today cryptonews
BTC
Why is Bitcoin near all-time highs? Everything that happened in crypto today Gino Matos · 3 seconds ago · 2 min read

Softer US labor signals and a live government shutdown have traders leaning heavily toward another Fed cut this month.

Oct. 2, 2025 at 10:45 pm UTC

2 min read

Updated: Oct. 2, 2025 at 10:45 pm UTC

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

Bitcoin (BTC) traded at $120,367.71 as of press time, near its all-time high of $124,000, driven by expectations of a rate cut and a market structure reset.

Softer US labor signals and a live government shutdown have traders leaning heavily toward another Fed cut this month, lifting risk assets across the board.

At the same time, positioning in crypto has been “cleaned up” after the quarter-end options expiry, with flows and on-chain metrics shifting from defensive to neutral-constructive.

Bitcoin is up approximately 1.5% in the past 24 hours, after briefly reaching $121,000 on futures before slipping back.

Ethereum climbed to $4,477.52, a 3% increase on the daily timeframe, followed by BNB, which surged to $1,084.87 after a 5.7% rise.

Solana advanced to $231.93 after a 4.4% tailwind, and XRP climbed to $3.0674, up by 4% in the past 24 hours. Cardano’s 2.2% daily increase resulted in a $0.8698 price, and Dogecoin secured a 4.2% growth to $0.2596.

Growth catalystsThe macro impulse is straightforward. Private payrolls data showed an unusual decline, pushing Treasury yields lower and increasing the odds of a rate cut.

Glassnode’s Oct. 2 report helps explain why the rally looks steadier than earlier squeezes. They noted that Bitcoin continues to respect the short-term holder cost basis, a line that has acted as support since May.

Meanwhile, the price competes with a dense supply band ranging from $114,000 to $118,000. Crucially, long-term holder distribution is easing and ETF inflows have resumed, which together imply stabilizing demand rather than a one-off spike.

Sentiment gauges like the Short-Term Holder Realized Value (RVT) and the Fear & Greed Index have cooled, consistent with a period of consolidation rather than capitulation.

In derivatives, the record expiry last week reset positioning. As open interest rebuilds in the fourth quarter, implied volatility has softened, skew is drifting toward neutral, and the term structure remains in contango with a firmer back end.

Overall, the report characterized the backdrop as neutral but constructive, waiting on a catalyst for the “next decisive move.” That backdrop aligns with macroeconomic tailwinds. Shutdown uncertainty continues to amplify a “rates trade,” which could also delay some economic releases and keep markets leaning dovish.

To maintain momentum, the crypto market requires a string of positive spot ETF flow prints and clear evidence that BTC can absorb the supply overhang between $114,000 and $118,000 without reigniting long-term holder distribution.

Mentioned in this articleLatest Bitcoin Stories
2025-10-02 22:30 5mo ago
2025-10-02 17:51 5mo ago
AlloyX Rolls Out Tokenized Fund on Polygon Under Standard Chartered Custody cryptonews
MATIC POL
TL;DR

AlloyX introduced the Real Yield Token on Polygon, a tokenized money market fund with assets custodied by Standard Chartered.
RYT invests in Treasuries and commercial paper, and as a tokenized asset it can be used in DeFi as collateral or for looping strategies.
The tokenized Treasuries market has reached $8B with an average yield of 3.93%.

AlloyX has launched a tokenized money market fund on Polygon, designed to merge bank-custodied assets with native DeFi strategies.

The fund, named the Real Yield Token (RYT), represents shares in a traditional money market fund whose underlying assets are custodied by Standard Chartered Bank in Hong Kong. This structure ensures full regulatory compliance and regular audits. The initiative responds to growing demand for real-world assets (RWAs) on the blockchain, bringing together traditional financial instruments with the digital economy.

RYT invests in short-term, low-risk instruments such as U.S. Treasuries and commercial paper, but tokenization makes these shares tradable onchain. This enables their integration into DeFi protocols, where they can be used as collateral for loans and reinvested strategically—a process known as looping that allows investors to maximize yields within DeFi markets.

Why AlloyX Chose Polygon
Polygon was selected for its Ethereum-scaling infrastructure, offering low fees, fast transactions, and a robust DeFi ecosystem. These features are essential for tokenized funds seeking both liquidity and cost efficiency.

The fund launched by AlloyX targets the rising demand and institutional interest in tokenized money market funds. Products such as BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) show that large capital players are exploring blockchain to provide dollar-yield exposure through Treasuries and repurchase agreements. However, most of these lack the DeFi-native functionality that sets RYT apart, such as looping capabilities and seamless integration across decentralized protocols.

The tokenized Treasuries market has reached $8 billion, with an average yield to maturity of 3.93%. Moody’s describes it as “a small but rapidly growing product,” noting sharp growth since 2021. In the United States, adoption has accelerated due to the passage of the GENIUS Act and the rising use of stablecoins, which have allowed both institutional and retail investors to access greater liquidity and consistent returns.

The tokenization of money market funds combines the security of traditional instruments with the versatility of the DeFi economy. It allows users to earn yield, use assets as collateral, and reinvest them efficiently—merging conventional cash management with the opportunities of decentralized finance. Through this strategy, AlloyX positions RYT as a bridge between traditional financial markets and the digital economy
2025-10-02 22:30 5mo ago
2025-10-02 17:59 5mo ago
New York Democratic Lawmakers Want Bitcoin Miners to Pay More Tax. Here's Why cryptonews
BTC
In brief
New York lawmakers have introduced a bill aiming to tax Bitcoin miners.
Democratic Senator Liz Krueger and Assemblymember Anna Kelles argue that mining operations use too much electricity.
If passed, the money would be passed to lower income households in the state.
New York lawmakers are trying to tax Bitcoin miners, citing excessive electricity use driving up bills for ordinary citizens as the reason for a new bill. 

Democratic Senator Liz Krueger and Assemblymember Anna Kelles introduced a bill Wednesday trying to impose an excise tax on proof-of-work crypto miners. 

The proposed law, Senate Bill S8518, wants mining companies to pay—depending on how much energy they consume—to New York's Energy Affordability Programs, which provide critical assistance to low to moderate income households across the state.

"The bill ensures that the companies driving up New Yorkers' electricity rates pay their fair share, while providing direct relief to families struggling with rising utility costs," Senator Krueger said in a statement. 

The statement added that research has shown that the arrival of cryptomining facilities "drives up electricity bills statewide, adding an estimated $79 million annually in costs for individuals and $165 million for small businesses."

Senate Bill S8518 says that miners consuming between 2.25 and 5 million kilowatt-hours would be taxed at 2 cents per kwH. Operations using between five and 10 million kWh would pay 3 cents, and miners using 10 and 20 million kWh would get hit with 4 cents per kwH. Consumption above 20 million kWh would face a rate of 5 cents per kWh. 

Mining operations using sustainable energy would be exempt from a tax, the bill said, in a bid to "innovation and sustainability within the digital asset sector."

To process transactions on proof-of-work cryptocurrencies like Bitcoin and Dogecoin, private companies typically run data centers full of expensive computers that use lots of electricity. Crypto critics have frequently spoken about how damaging digital coins can be to the environment. 

Still, the industry of artificial intelligence and high-powered computing uses more energy than Bitcoin mining. The new bill did not mention AI data centers but a press release acknowledged that the industry was growing and using more electricity. 

Decrypt reached out to Senator Krueger's office for further comment. 

New York State has historically had tougher regulations on the crypto space, prompting a number of crypto startups in the past to move to other parts of the U.S.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
2025-10-02 22:30 5mo ago
2025-10-02 18:00 5mo ago
SWIFT's Blockchain Move Is Positive For Ripple? Why XRP Is Still The Better Option cryptonews
XRP
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

SWIFT’s decision to test a blockchain prototype with Consensys (Ethereum) has stirred debate in the crypto space, raising concerns about whether XRP’s role in global finance may be under threat. While Ethereum may offer experimentation, a crypto analyst argues that the XRP Ledger (XRPL) already delivers enterprise-grade performance, compliance features, and real-world adoption that institutions rely on. 

SWIFT’s Blockchain Partnership Challenges XRP Position
On Tuesday, September 30, crypto market expert Pumpius shared a thread on X social media, unveiling the recent collaboration between SWIFT and Consensys that has triggered panic in the market. Although the partnership is presented as an innovative step, Pumpius argues that it exposes a fundamental weakness within SWIFT. 

According to the analyst, SWIFT has traditionally depended on legacy financial rails and is now attempting to modernize by leveraging Ethereum-based solutions. However, Pumpius points out that Ethereum continues to struggle with scalability, high transaction fees, and centralization concerns. He argues that while SWIFT is aware its legacy rails are deteriorating, adopting a “band-aid fix” is no replacement for core infrastructure. 

Ripple, on the other hand, has already moved beyond the experimental stage. Pumpius notes that the XRPL is designed to process transactions within three to five seconds, at minimal cost, making it far superior in terms of speed and accessibility. Unlike Ethereum prototypes, the analyst stated that Ripple’s solutions are actively in use across international payment corridors, supported by partnerships with over 100 banks, regulators, and major payment providers.

Another major challenge that debates SWIFT’s Ethereum venture is compliance. Pumpius explained that global financial systems demand robust Know Your Customer (KYC) and Anti-Money Laundering (AML) frameworks—areas where blockchain options often face limitations. He highlighted that Ripple addresses these challenges head-on with the integration of the DNA Protocol, a system enabling verifiable digital identities, zero-knowledge proof verification, and on-chain compliance mechanisms that satisfy regulators while preserving user privacy. 

Why XRP Holds The Long-Term Advantage
Upon further review of Pumpius’ analysis, he highlights that XRP’s position is strengthened by fundamentals that remain significantly relevant to institutions. He mentioned that Ripple has gained legal clarity in the US following the resolution of the SEC lawsuit and is also aligned with ISO 20022, the global standard for financial messaging. 

The analyst further pointed to Ripple’s growing momentum, highlighted by the launch of the RLUSD stablecoin with SBI and its ongoing applications for banking licenses. Against this backdrop, he emphasized that institutions do not chase hype but rather adopt infrastructures that reduce costs, boost efficiency, and ensure compliance with regulations. In his view, RippleNet and the XRP Ledger already meet all three requirements, which explains their growing global integration.  

Concluding his report, Pumpius calls SWIFT’s blockchain move a “desperation play,” framing it less as a threat and more as a sign that change is inevitable. He also described the effort as experimental, contrasting it with Ripple’s rollout of solutions while Consensys pushes Ethereum through lobbying efforts. To XRP investors, he stressed that they are holding an asset with the potential to reprice immediately once new financial rails are fully activated.

XRP trading at $2.98 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
2025-10-02 22:30 5mo ago
2025-10-02 18:00 5mo ago
Hedera (HBAR) Price Eyes $0.30 Breakout as ETF Decision and Elliott Wave Signals Build cryptonews
HBAR
Hedera (HBAR) is gaining momentum as “ETF season” heats up and technical patterns align for a potential upward move.

After bouncing from a September low near $0.205, HBAR has formed constructive patterns, an Elliott Wave advance, a double bottom, and a 10-week descending wedge, that together suggest a bullish turn.

With a final decision on a proposed HBAR spot ETF expected in November, traders are wondering if a clear break above $0.23–$0.24 could lead to the $0.30 level.

ETF Season Puts HBAR in the Spotlight
Macro tailwinds are strengthening, with the SEC expected to make decisions on numerous crypto ETF applications in October–November. Analysts believe that current listing standards improve the chances of approval.

Hedera, which has been under review for a spot ETF since 2024, could benefit from an increase in approvals that would expand U.S. investor access.

Additionally, Hedera’s reputation in the enterprise sector, governed by reputable council members and involved in real-world finance initiatives like SWIFT panels and public-sector pilots, supports positive sentiment and keeps HBAR relevant as institutions seek scalable, low-cost settlement solutions.

Elliott Wave & Wedge Patterns Flag Upside Continuation
On the daily chart, HBAR completed a double bottom at approximately $0.205 (on September 5 and 26), with a neckline around $0.255.

Price action has since contracted into a falling wedge lasting over 10 weeks, often a sign of upcoming breakouts, while analysts view the move as Wave 2 within an Elliott Wave cycle that started with a 140% surge from late June to late July.

A shift into Wave 3, typically the longest and most impulsive phase, would bring the year-to-date high of about $0.3065 into focus, with potential to challenge last November’s peak of around $0.40 if momentum broadens.

Market internals are also improving, with a rising Chaikin Money Flow indicating steady net inflows. A move above $0.242–$0.248 could trigger approximately $32 million in short liquidations, fueling any upside breakout.

HBAR's price trends upside on the daily chart. Source: HBARUSD on Tradingview
Hedera Key Levels to Watch: $0.22 Support, $0.30 Resistance, and $0.40 Target
The near-term structure remains tight. Traders need a clear close above $0.230–$0.242 to confirm a wedge breakout; reaching $0.248 could trigger forced short exits, boosting gains.

Breaking above $0.30 would confirm the inverse head-and-shoulders pattern and support the Elliott Wave projection toward $0.3065, then $0.35–$0.40 as market breadth improves.

On the downside, $0.205 serves as the main invalidation level. A daily close below the double-bottom would diminish the bullish momentum and could lead to a drop towards $0.198. Until then, positive ETF headlines and strong flows suggest that the Upside bias in October remains intact.

Cover image from ChatGPT, HBARUSD chart on Tradingview
2025-10-02 22:30 5mo ago
2025-10-02 18:01 5mo ago
VanEck registers Lido Staked Ethereum ETF in Delaware cryptonews
STETH
Institutional interest in Ethereum staking grows as asset managers pursue innovative ETF offerings tied to platforms like Lido.

Key Takeaways

VanEck has registered a Lido Staked Ethereum ETF in Delaware.
Lido is a leading protocol that provides liquid staking for Ethereum, allowing users to earn rewards without asset lockup via tokens like stETH.

VanEck, an asset management firm, has registered a Lido Staked Ethereum ETF in Delaware today. The filing represents another step toward specialized crypto investment products that incorporate staking mechanisms.

Lido, a leading liquid staking protocol, enables users to stake Ethereum while maintaining liquidity through tokens like stETH. The protocol allows participants to earn staking rewards without locking up their assets.

VanEck’s registration follows a similar recent listing of another Ethereum staking ETF on a major US exchange, highlighting expanded options for Ethereum-based staking investments.

Ethereum staking ETFs are gaining traction amid ongoing reviews of staking features in spot ETFs. The development signals growing institutional interest in Ethereum’s ecosystem and staking rewards mechanisms.

Disclaimer
2025-10-02 22:30 5mo ago
2025-10-02 18:03 5mo ago
Crypto.com and SOL Strategies Team Up for Enhanced Treasury Strategy cryptonews
SOL
TLDR

Crypto.com has formed a strategic partnership with SOL Strategies to enhance institutional digital asset services.
SOL Strategies will allocate part of its treasury operations to Crypto.com Custody, ensuring secure asset protection.
Crypto.com gains access to SOL Strategies’ validator services, enriching its platform with reliable staking capabilities.
The partnership aims to meet the growing demand for secure, compliant digital asset management solutions.
SOL Strategies will benefit from enhanced yield generation and protection against cyber threats through Crypto.com’s custody services.

Crypto.com has entered a strategic partnership with SOL Strategies to enhance its treasury management solutions. This collaboration aims to provide institutional clients with a secure and compliant digital asset management platform. The move comes at a time when Solana is gaining traction in the market, with increasing institutional interest.

Crypto.com’s Partnership with SOL Strategies
Crypto.com’s collaboration with SOL Strategies aims to enhance institutional services within the digital asset sector. The partnership focuses on bolstering both companies’ offerings through integration and shared resources. SOL Strategies will allocate part of its treasury operations to Crypto.com Custody.

By embedding SOL Strategies’ validators into Crypto.com’s platform, the two companies aim to provide a seamless staking solution. This integration enhances Crypto.com’s network with reliable validation capabilities. Eesa Ahmad, Crypto.com’s Head of Institutional Sales, expressed confidence in the partnership’s potential to meet the needs of institutions in the digital asset market.

Excited to announce our partnership with SOL Strategies Inc. (Nasdaq: STKE)…!

We look forward to safeguarding a portion of their treasury with our qualified custodian and making their validator suite available for our institutional custody clients.

SOL Strategies'…

— Eesa Ahmad (@EesaAhmadCrypto) October 2, 2025

In a statement, Eric Anziani, COO of Crypto.com, emphasized the importance of secure custody and staking solutions.

“We are pleased to partner with SOL Strategies to enhance our validator network and offer trusted treasury custody solutions,” he said.

This collaboration is expected to attract public companies seeking secure and compliant digital asset management.

SOL Strategies Enhances Staking and Security with Crypto.com
SOL Strategies, a prominent player in the Solana ecosystem, holds substantial SOL assets as part of its treasury. This new partnership strengthens its position in the market by securing its assets through Crypto.com’s Custody services. The integration not only ensures asset protection but also promotes efficient yield generation through staking.

The partnership is particularly beneficial for institutional clients seeking to diversify their portfolios while mitigating counterparty risks. SOL Strategies aims to provide its validator services to Crypto.com’s institutional clients, allowing them to participate directly in Solana’s proof-of-stake consensus mechanism. This move promotes greater interoperability within the Solana infrastructure.

In addition, SOL Strategies continues to grow its treasury with a recent offering that raised C$30 million. The funds will be used to acquire more SOL, further solidifying the company’s position in the Solana ecosystem. This partnership with Crypto.com is another step toward expanding its reach within the digital asset space.

SOL Strategies’ partnership with Crypto.com further cements its role as a leading provider of Solana infrastructure. With over 435,000 SOL in its treasury, the company continues to attract institutional interest. The partnership will also provide access to SOL Strategies’ proven validator services, enhancing Crypto.com’s offerings for institutional clients.
2025-10-02 22:30 5mo ago
2025-10-02 18:08 5mo ago
Shiba Inu Price Prediction: SHIB Flips Green on Uptober Day 1 – The Next Move Could Surprise Everyone cryptonews
SHIB
SHIB has made a strong “Uptober” debut as the sleeper pick – Shiba Inu price prediction set sights on new highs despite lacklustre attention.
2025-10-02 22:30 5mo ago
2025-10-02 18:15 5mo ago
Crypto.com to integrate Morpho lending, bringing stablecoin yield to Cronos cryptonews
CRO MORPHO
Crypto.com users will soon be able to lend wrapped crypto assets and earn yield on stablecoins through Morpho, a decentralized finance (DeFi) lending protocol.

According to a Thursday statement, Morpho will launch stablecoin lending markets on the Cronos blockchain, with the first vaults expected this year. The integration will allow users to deposit wrapped Ether (ETH) or Bitcoin (BTC) into Morpho vaults and borrow stablecoins against them to earn yield.

Wrapped assets are tokens that represent another cryptocurrency on a different blockchain. On Cronos, wrapped tokens such as CDCETH and CDCBTC mirror ETH and BTC, allowing users to bring value into the network and access DeFi lending markets without leaving the chain.

Merlin Egalite, co-founder of Morpho, told Cointelegraph the goal is to provide “a trusted user experience in the front, with DeFi infrastructure in the back.” The protocol will be integrated directly into the Crypto.com platforms, making its lending features accessible to the platform’s users.

Total value locked on DeFi lending protocols. Source: DeFillama Morpho, which matches lenders and borrowers on top of platforms such as Aave and Compound, has become the second-largest DeFi lending protocol, with a total value locked of around $7.7 billion, according to DefiLlama. 

Egalite also confirmed that the protocol will be accessible to US users. While the Genius Act prohibits stablecoin issuers from paying reserve yields directly to holders, “lending a stablecoin and earning yield is a separate activity, independent of the issuer, so the restriction does not apply,” he said.

Genius Act leaves questions around stablecoin yield The collaboration between Morphos and Crypto.com only came a few weeks after a similar integration between Morphos and the US crypto exchange Coinbase.  

On Sept. 18, Coinbase announced it was integrating the Morpho lending protocol directly into its app with vaults managed by DeFi advisory company Steakhouse Financial. Like the Crypto.com integration, the feature lets users lend the USDC (USDC) without leaving the platform for external DeFi services or wallets.

According to Coinbase, the new integration will enable users to access onchain lending markets and potentially earn yields of up to 10.8%, significantly higher than the current 4.5% APY in rewards given for holding USDC on the platform.

A few days later, the CEO of Coinbase, Brian Armstrong, said the company aims to become a full-service crypto “super app,” and ultimately replace people’s need for traditional banks.

Unsurprisingly, banks are pushing back. In August, the Bank Policy Institute (BPI) and several US financial institutions wrote a letter to the US Congress urging them to close stablecoin loopholes that they claim allow stablecoin issuers to compete with banks without equivalent oversight. According to the letter, failing to do so could drain as much as $6.6 trillion in deposits from the US banking system.

On Sept. 16, Coinbase called the banks’ allegations false in a blog post, stating there is no evidence that stablecoin growth has caused deposit outflows at local banks. The post said:

“The institutions now warning of ‘systemic risk’ are the same ones pocketing tens of billions from card processing fees, which stablecoins could bypass entirely.” Although the Genius Act, which was signed into law in the US in July 2025, banned interest-bearing stablecoins, it does not explicitly prevent crypto exchanges or affiliated businesses from providing yield.

Magazine: The one thing these 6 global crypto hubs all have in common…
2025-10-02 22:30 5mo ago
2025-10-02 18:22 5mo ago
Final Deadline for U.S. SEC on Canary Litecoin ETF is Oct 2; What Happens Under U.S. Government Shutdown? cryptonews
LTC
The United States Securities and Exchange Commission (SEC) has been forced to extend its decision time on the Canary Litecoin ETF. With the ongoing partial U.S. government shutdown, the SEC is likely not in a position to make its final decision on the Canary Litecoin ETF set on Thursday October 2, 2025.
2025-10-02 21:30 5mo ago
2025-10-02 17:07 5mo ago
Standard Chartered: Improving Fundamentals Support Further Valuation Re-Rating stocknewsapi
SCBFF
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2025-10-02 21:30 5mo ago
2025-10-02 17:08 5mo ago
Ryan Specialty to Announce Third Quarter 2025 Financial Results on Thursday, October 30, 2025 stocknewsapi
RYAN
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CHICAGO--(BUSINESS WIRE)--Ryan Specialty Holdings, Inc. (NYSE: RYAN) (“Ryan Specialty”), a leading international specialty insurance firm, today announced it will release its Third Quarter 2025 financial results after the stock market closes on Thursday, October 30, 2025.

Ryan Specialty will hold a conference call to discuss the financial results at 4:45pm Eastern Time on October 30, 2025. Interested parties may access the conference call through the live webcast, which can be accessed via this link or by visiting the Company’s Investor Relations website. Please join the live webcast at least 10 minutes prior to the scheduled start time.

A webcast replay of the call will be available at ir.ryanspecialty.com for one year following the call.

About Ryan Specialty

Founded in 2010, Ryan Specialty (NYSE: RYAN) is a service provider of specialty products and solutions for insurance brokers, agents, and carriers. Ryan Specialty provides distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter with delegated authority from insurance carriers. Our mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents, and carriers. Learn more at ryanspecialty.com.

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2025-10-02 21:30 5mo ago
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NRG's 18th Annual Impact Week Delivers 2 Million Meals Across North America stocknewsapi
NRG
HOUSTON--(BUSINESS WIRE)--NRG Energy, Inc. (NYSE:NRG) marked its 18th annual positiveNRG Impact Week by mobilizing thousands of employees across 41 communities in the United States and Canada to fight food insecurity. From September 15–19, the NRG team came together to pack, sort, and prepare over 2 million meals for local nonprofits serving individuals and families in need. “Food insecurity touches every corner of our communities, and we believe in showing up with purpose,” said Melissa Hensle.
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Mortgage rates move slightly higher, Dow Jones, S&P 500 notch fresh record closes stocknewsapi
IVV SPLG SPXL SPY SSO UPRO VOO
Market Domination Overtime anchor Myles Udland breaks down the latest market news for October 2, 2025. Mortgage rates rose for the second straight week.
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First Industrial: Tariff Fears Are Overblown stocknewsapi
FR
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2025-10-02 21:30 5mo ago
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Virtus Total Return Fund Inc. Announces Second Conditional Tender Offer stocknewsapi
ZTR
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HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Total Return Fund Inc. (NYSE: ZTR) (the “Fund”) today announced it met the conditions to trigger its second conditional tender offer (“Tender Offer”) to acquire another 10% of the Fund’s outstanding shares.

This Tender Offer was triggered when the Average Trading Discount of the Fund’s shares exceeded 10% during the period from April 1, 2025 through September 26, 2025 (“measurement period”). The average trading discount during this measurement period was 11.41%.

This Tender Offer period is expected to commence on or about November 3, 2025 and expire on or about December 3, 2025 (“expiration date”), unless extended. Under this Tender Offer, the Fund will offer to repurchase up to 10% of its outstanding shares in exchange for cash at a price equal to 98% of its net asset value (net of expenses related to the Tender Offer) as of the close of regular trading on the expiration date.

Further information about the Tender Offer will be announced at a later date and set forth in the Fund’s offering materials, which will be distributed to the Fund’s shareholders.

About the Fund

Virtus Total Return Fund Inc. is a diversified closed-end fund whose investment objective is capital appreciation, with income as a secondary objective. Virtus Investment Advisers, Inc. is the investment adviser and Duff & Phelps Investment Management Co. and Newfleet Asset Management are the subadvisers to the Fund. For more information on the Fund, contact shareholder services at (866) 270-7788, by email at [email protected], or through the Closed-End Funds section of virtus.com.

Fund Risks

An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund’s shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their NAV. For more information about the Fund’s investment objective and risks, please see the Fund’s annual report. A copy of the Fund’s most recent annual report may be obtained free of charge by contacting “Shareholder Services” as set forth at the bottom of this press release.

The Fund has not commenced the Tender Offer described in this release. The Tender Offer will only be made pursuant to a Tender Offer statement on Schedule TO containing an offer to purchase, a related letter of transmittal and other documents filed with the SEC as exhibits to the Tender Offer statement on Schedule TO (collectively, the “Tender Offer Materials”), with all such documents made available on the SEC’s website at sec.gov. The Fund will also make available to shareholders, without charge, the offer to purchase, the letter of transmittal, and other necessary documents related to the Tender Offer. Shareholders should read any Tender Offer Materials carefully and, in their entirety, when and if they become available, as well as any amendments or supplements thereto, as they would contain important information about the Tender Offer.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state.

Investing involves risk and it is possible to lose money on any investment in the Fund.

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2025-10-02 21:30 5mo ago
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KBRA Assigns Preliminary Ratings to Angel Oak Mortgage Trust 2025-10 (AOMT 2025-10) stocknewsapi
AOMR
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NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to eight classes of mortgage-backed certificates from Angel Oak Mortgage Trust 2025-10 (AOMT 2025-10), a $281.2 million non-prime RMBS transaction. The underlying collateral, comprised of 608 residential mortgages, is characterized by a significant concentration of loans underwritten using alternative income documentation. All the loans are either classified as exempt (54.1%) from the Ability-to-Repay/Qualified Mortgage rule due to being originated for non-consumer loan purposes or non-qualified mortgages (45.9%). Emporium TPO and Angel Oak Mortgage Solutions originated 23.3% and 10.9% of the pool respectively, with no other originator comprising over 10% of the collateral.

KBRA’s rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan file due diligence, cash flow modeling analysis of the transaction’s payment structure, reviews of key transaction parties and an assessment of the transaction’s legal structure and documentation. This analysis is further described in our U.S. RMBS Rating Methodology.

To access ratings and relevant documents, click here.

Click here to view the report.

Related Publications

AOMT 2025-10 Tear Sheet

RMBS KCAT

Methodologies

RMBS: U.S. RMBS Rating Methodology

Structured Finance: Global Structured Finance Counterparty Methodology

ESG Global Rating Methodology

Disclosures

Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above.

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be located here.

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan’s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S.

Doc ID: 1011611

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2025-10-02 21:30 5mo ago
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Owlet Announces New Employee Inducement Grant Under NYSE Rule 303A.08 stocknewsapi
OWLT
LEHI, Utah--(BUSINESS WIRE)--Owlet, Inc. (NYSE: OWLT) (the “Company” or “Owlet”), the pioneer of smart infant monitoring, today announced that on September 30, 2025, the Compensation Committee of its Board of Directors approved an equity inducement award to Jordan Thompson, the Company’s Vice President and Corporate Controller. The award was made in connection with Mr. Thompson joining the Company as a material inducement to employment.

The equity inducement award consists of 129,863 restricted stock units (“Inducement RSUs”), which will vest as to 33.33% of the underlying shares on May 15, 2026, and as to the remainder in equal installments on a quarterly basis through May 15, 2028, subject to Mr. Thompson’s continued employment with Owlet through each vesting date.

The Compensation Committee of Owlet’s Board of Directors approved the award of the Inducement RSUs in reliance on the employment inducement exemption to shareholder approval under Rule 303A.08 of the New York Stock Exchange Listed Company Manual.

About Owlet, Inc.

Owlet’s digital health infant monitoring platform is transforming the journey of parenting. The Company (NYSE: OWLT), a small-cap healthcare growth equity, offers FDA-cleared medical and consumer pediatric wearables and an integrated HD visual and audio camera that provides real-time data and insights to parents who safeguard health, optimize wellness, and ensure peaceful sleep for their children.

Since 2012, over two million parents worldwide have used Owlet’s platform, contributing to one of the largest collections of consumer infant health and sleep data. The Company continues to develop software and digital data solutions to bridge the current healthcare gap between hospital and home and bring new insights to parents and caregivers globally. Owlet believes that every child deserves to live a long, happy, and healthy life. To learn more, visit www.owletcare.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”). All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “estimate,” “may,” “believes,” “plans,” “expects,” “anticipates,” “intends,” “goal,” “potential,” “upcoming,” “outlook,” “guidance,” the negation thereof, or similar expressions, although not all forward-looking statements contain these identifying words. Forward-looking statements are based on the Company’s expectations at the time such statements are made, speak only as of the dates they are made and are susceptible to a number of risks, uncertainties and other factors. For all such forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Reform Act. The Company’s actual results, performance or achievements may differ materially from any future results, performance or achievements expressed or implied by our forward-looking statements. Many important factors could affect the Company’s future results and cause those results to differ materially from those expressed in or implied by the Company’s forward-looking statements. Such factors include, but are not limited to, (i) the regulatory pathway for Owlet’s products, including submissions to, actions taken by and decisions and responses from regulators, such as the FDA and similar regulators outside of the United States, as well as Owlet’s ability to obtain and maintain regulatory approval or certification for our products and other regulatory requirements and legal proceedings; (ii) Owlet’s competition and the Company’s ability to profitably grow and manage growth; (iii) the Company’s ability to enhance future operating and financial results or obtain additional financing to continue as a going concern; (iv) Owlet’s ability to obtain additional financing in the future, as well risks associated with the Company’s current loan and debt agreements, including compliance with debt covenants, restrictions on the Company’s access to capital, the impact of the Company’s overall debt levels and the Company’s ability to generate sufficient future cash flows to meet Owlet’s debt service obligations and operate Owlet’s business; (v) the ability of Owlet to implement strategic initiatives, reduce costs, grow revenues, develop and launch new products, innovate and enhance existing products, meet customer demands and adapt to changes in consumer preferences and retail trends; (vi) Owlet’s ability to acquire, defend and protect its intellectual property and satisfy regulatory requirements, including but not limited to requirements concerning privacy and data protection, breaches and loss, as well as other risks associated with Owlet’s digital platforms and technologies; (vii) Owlet’s ability to maintain relationships with customers, manufacturers and suppliers and retain Owlet’s management and key employees; (viii) Owlet’s ability to upgrade and maintain its information technology systems; (ix) changes in applicable laws or regulations in the United States and other jurisdictions; (x) the impact of and disruption to Owlet’s business, financial condition, operations, supply chain and logistics due to economic and other conditions beyond the Company’s control, such as health epidemics or pandemics, macro-economic uncertainties, tariffs or trade restrictions, social unrest, hostilities, natural disasters or other catastrophic events; (xi) the possibility that Owlet may be adversely affected by other economic, business, regulatory, competitive or other factors, such as changes in discretionary consumer spending and consumer preferences; and (xii) other risks and uncertainties set forth in the Company’s other releases, public statements and filings with the U.S. Securities and Exchange Commission (“SEC”), including those identified in the “Risk Factors” section of the Company’s Annual Report on Form 10-K, as amended, for the fiscal year ended December 31, 2024, as updated in the Company’s quarterly reports on Form 10-Q, as any such factors may be updated from time to time in the Company’s other filings with the SEC. All such forward-looking statements attributable to the Company or any person acting on the Company’s behalf are expressly qualified in their entirety by the cautionary statements contained or referred to above. Moreover, the Company operates in an evolving environment. Except as required by law, the Company assumes no obligation to update any forward-looking statements after the date of this press release, whether because of new information, future events or otherwise, although Owlet may do so from time to time. The Company does not endorse any projections regarding future performance that may be made by third parties.

More News From Owlet, Inc.
2025-10-02 21:30 5mo ago
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RCI Hospitality Holdings, Inc. (RICK) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit stocknewsapi
RICK
, /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to RCI Hospitality Holdings, Inc. ("RCI" or the "Company") (NASDAQ: RICK) have opportunity to lead the securities fraud class action lawsuit.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN RCI HOSPITALITY HOLDINGS, INC. (RICK), CLICK HERE BEFORE NOVEMBER 20, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

What Is The Lawsuit About? 
The complaint filed alleges that, between December 15, 2021 and September 16, 2025, Defendants failed to disclose to investors that: (1) Defendants engaged in tax fraud; (2) Defendants committed bribery to cover up the fact that they committed tax fraud; (3) as a result, Defendants understated the legal risk facing the Company; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
The Law Offices of Frank R. Cruz, 
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.  

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

SOURCE The Law Offices of Frank R. Cruz, Los Angeles

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2025-10-02 21:30 5mo ago
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Quince Therapeutics, Inc. (QNCX) Analyst/Investor Day Transcript stocknewsapi
QNCX
Quince Therapeutics, Inc. (NASDAQ:QNCX) Analyst/Investor Day October 2, 2025 10:00 AM EDT

Company Participants

Dirk Thye - CEO, Chief Medical Officer & Director
Giovanni Mambrini - Chief Technology Officer
Caralee Schaefer
Pamela Williamson - Head of Regulatory Affairs
Charles Ryan - President
Brendan Hannah - Chief Business Officer, COO, Chief Compliance Officer and Principal Financial & Accounting Officer

Conference Call Participants

Jonathan Wolleben - Citizens JMP Securities, LLC, Research Division
Elemer Piros - Lucid Capital Markets, LLC, Research Division
Jason Dorr - Oppenheimer & Co. Inc., Research Division

Presentation

Dirk Thye
CEO, Chief Medical Officer & Director

Greetings, everyone, and welcome to our first ever Investor Day for Quince Therapeutics. My name is Dirk Thye, and I'll be walking you through the beginning elements of our presentation. We've got a full agenda for you today. I'm going to start by giving you an overview of Quince Therapeutics, our technology, our development plans and our key investment highlights.

And then I'm going to hand it over to a series of departmental and technical experts that are going to walk you through the elements of the technology itself. I'll come back and talk about previous clinical studies and the development plan. We'll hand it over to Caralee Schaefer to explain to you some very interesting and compelling new data on the mechanism of action of encapsulated dexamethasone.

Then we'll talk about some elements of the regulatory plan and go into some details on our commercial planning for post-approval activities. These are some of the people you'll be hearing from today. There are some additional team members on this slide. And the point here is to demonstrate that we've got a very good team of people with a lot of expertise and experience in their particular functional area.

And as I said, some of the key speakers are listed on

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KMX
SAN FRANCISCO , Oct. 2, 2025 /PRNewswire/ -- CarMax, Inc. (NYSE: KMX) shareholders endured a sharp sell-off on September 25, 2025, with the stock plummeting nearly 20% following the release of its second-quarter 2026 financial results. The catalyst for the decline was a surprise surge in the provision for loan losses within the company's CarMax Auto Finance (CAF) segment, its in-house financing arm.
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Jasper Therapeutics, Inc. (JSPR) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit stocknewsapi
JSPR
, /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Jasper Therapeutics, Inc. ("Jasper" or the "Company") (NASDAQ: JSPR)have opportunity to lead the securities fraud class action lawsuit.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN JASPER THERAPEUTICS, INC. (JSPR), CLICK HERE BEFORE NOVEMBER 18, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

What Is The Lawsuit About? 
The complaint filed alleges that, between November 30, 2023 and July 3, 2025, Defendants failed to disclose to investors that: (1) Jasper lacked the controls and procedures necessary to ensure that the third-party manufacturers on which it relied were manufacturing products in full accordance with cGMP regulations and otherwise suitable for use in clinical trials; (2) the foregoing failure increased the risk that results of ongoing studies would be confounded, thereby negatively impacting the regulatory and commercial prospects of the Company's products, including briquilimab; (3) the foregoing increased the likelihood of disruptive cost-reduction measures; (4) accordingly, the Company's business and/or financial prospects, as well as briquilimab's clinical and/or commercial prospects, were overstated; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
The Law Offices of Frank R. Cruz, 
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

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

SOURCE The Law Offices of Frank R. Cruz, Los Angeles

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2025-10-02 21:30 5mo ago
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Delivra Health Brands to Hold Conference Call to Discuss Results for the Year Ending June 30, 2025 stocknewsapi
DHBUF
October 02, 2025 5:15 PM EDT | Source: Delivra Health Brands Inc.
Vancouver, British Columbia--(Newsfile Corp. - October 2, 2025) - Delivra Health Brands Inc. (TSXV: DHB) (OTCQB: DHBUF) ("Delivra Health" or the "Company"), a consumer packaged goods leader uniquely positioned in the health and wellness sector, is pleased to announce it will report its annual financial results for the year ending June 30, 2025, on Monday, October 6, 2025.

Conference Call Details

The Company will host a conference call on Monday, October 6, 2024, at 11:00 a.m. (EST) / 8:00 a.m. (PST) to discuss the financial results for the year ending June 30, 2025. Gord Davey, President and Chief Executive Officer, and Jack Tasse, Chief Financial Officer of the Company will be conducting a question-and-answer session following management's prepared remarks.

Participant Dial-In Numbers:

All interested parties can join the conference call by dialing: 1-833-752-2525 (Canada/USA Toll Free) or +1-647-846-2674 (International Toll). Please dial in 10 minutes prior to the scheduled start time and ask to join the Delivra Health call. A replay of the call will be available on the Company's investor page by the end of the business day on Monday, October 6, 2025.

About Delivra Health Brands Inc.

Helping people take control of their health with alternative wellness solutions is what energizes the Delivra Health team! The Delivra Health portfolio features innovative brands like Dream Water® and LivRelief™, which deliver relief from common everyday issues like chronic pain, anxiety, and sleeplessness. Delivra Health products have allowed millions of customers to reclaim their mobility, energy, and in turn, quality of life. The websites of the Company's two subsidiaries are  Dream Water® and  LivReliefTM. For more information, please visit  www.delivrahealthbrands.com.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates, and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements include, among other things, statements with respect to the timing of reporting the Company's annual financial results for the year ending June 30, 2025, and the timing of the conference call.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: fluctuations in general macroeconomic conditions; fluctuations in securities markets; expectations regarding the size of the cannabis markets where the Company operates; changing consumer habits; the ability of the Company to successfully achieve its business objectives; plans for expansion; political and social uncertainties; inability to obtain adequate insurance to cover risks and hazards; employee relations and the presence of laws and regulations that may impose restrictions on cultivation, production, distribution, and sale of cannabis and cannabis-related products in the markets where the Company operates. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

Additional information regarding this and other risks and uncertainties relating to the Company's business are contained under the heading "Risk Factors" in the Company's annual information form dated March 2, 2021, and under the heading "Risks and Uncertainties" in the Company's management's discussion and analysis dated May 21, 2025, for the three and nine months ended March 31, 2025, filed under the Company's profile on SEDAR+ at www.sedarplus.ca.

Neither TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Investor Relations:
Jack Tasse
Chief Financial Officer
[email protected]
1-877-915-7934

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268947