Market Signal Briefing

Breaking Signal·Market Impact: High

Official Trump (TRUMP) jumped 34.11% to $3.97, topping the gainers board as altcoins outperformed, according to CoinGecko data. The politics-themed token’s move arrived alongside steady advances in Bittensor, Canton, MemeCore and Render. On the other side, Pi Network slid sharply, with Polkadot, Morpho, Pump.fun and Sky also in the red.

Top Gainers Official Trump (TRUMP) rose 34.11% to $3.97, lifting its market capitalization to $919.46M. The token, tied to political meme trading, often trades with elevated intraday volatility around headline cycles and social chatter. Liquidity pockets in meme segments can amplify upside on relatively modest flows. The move made TRUMP the day’s clear outlier among larger-cap risers.

Bittensor (TAO) gained 4.89% to $237.84, bringing its market cap to $2.28B. The project incentivizes decentralized machine learning, where contributors provide models and inference in exchange for TAO rewards. No specific news has been tied to the move. TAO’s advance kept the AI-linked token near the top of the large-cap alt cohort on the session.

Canton (CC) climbed 4.33% to $0.1547, with a market cap of $5.88B. The token delivered the third-strongest gain among today’s leaders and remained one of the largest assets in the 24-hour movers list by valuation. CC’s steady climb contrasted with weakness in several higher-profile names on the losers side.

MemeCore (M) advanced 3.89% to $1.51, pushing its market cap to $2.64B. Traders pointed to broader altcoin rotation. Flows into meme-adjacent names tend to accelerate during periods when majors stall, and M’s bid today fit that pattern. Liquidity in the $1–$2 zone helped the token absorb profit-taking into the close.

Render (RENDER) added 3.66% to $1.78, valuing the GPU-focused network at $925.75M. Render powers a decentralized marketplace for 3D and AI compute tasks, where node operators provide GPU resources for on-chain payments. The token’s performance often tracks sentiment around distributed compute and creator tooling, and today’s gain extended that linkage. RENDER’s climb rounded out a day led by utility and AI-aligned narratives.

Top Losers Pi Network (PI) fell 24.50% to $0.2164, cutting its market cap to $2.08B. The project grew out of a mobile mining app and posts large percentage swings when liquidity thins. The abrupt drawdown erased prior-session gains and reinforced PI’s status as one of the more volatile large caps. Intraday bids failed to stabilize the tape into the close.

Pump.fun (PUMP) dropped 8.54% to $0.001993, with a market capitalization of $1.18B. The Solana-based launchpad’s token tends to track activity in new coin issuance and memecoin turnover. Today’s slide suggested cooling speculative flow relative to recent peaks. The move also narrowed PUMP’s month-to-date outperformance versus other meme-focused assets.

Morpho (MORPHO) declined 7.32% to $1.85, bringing its market cap to $1.02B. Morpho builds optimization layers for on-chain lending and borrowing, matching lenders and borrowers to improve rates compared with base protocols. The pullback followed a stretch of steady liquidity growth across DeFi but arrived without a discrete protocol headline. MORPHO’s retreat placed it mid-pack among the day’s laggards by percentage terms.

Polkadot (DOT) slid 5.99% to $1.44, reducing its market capitalization to $2.41B. The multichain network connects parachains through shared security and cross-chain messaging, with DOT used for staking and governance. Broad-based selling in majors left DOT under pressure for much of the session. The decline kept DOT below recent resistance levels, with little relief from cross-asset rotation.

Sky (SKY) eased 5.28% to $0.0788, valuing the token at $1.82B. SKY serves as the governance token within the Maker ecosystem following the Endgame rebrand. The dip came as stablecoin and governance pairs underperformed high-beta names on the day. Liquidity concentrated on core pairs limited deeper downside but didn’t reverse the slide.

Market Outlook The dispersion was clear: the top gainer rose 34.11% while the biggest loser shed 24.50%. Mid-tier moves clustered within a 3%–6% band on both sides, with AI- and compute-linked names skewing green as large-cap infrastructure and DeFi names lagged.

Into the weekend, traders will watch whether Bitcoin steadies to support further alt rotation and if ETF flow updates shift risk appetite. Macro headlines and upcoming on-chain unlock calendars could influence liquidity pockets, but positioning remains sensitive after today’s sharp single-asset swings.

SourcesCoinGecko

This article was written with AI assistance and reviewed by the The Currency analytics editorial team. Information presented is sourced from publicly available reports. The Currency analytics strives for accuracy but cannot guarantee completeness. This article does not constitute financial advice.

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More than 112 billion SHIB tokens were transferred to exchanges in the past day, bringing total exchange reserves back above the 80 trillion SHIB threshold, indicating a discernible change in Shiba Inu's on-chain dynamics.

Shiba Inu finally recoveringAlthough price action has indicated a brief attempt at recovery, the increasing reserve balance adds another level of uncertainty for investors awaiting the asset's next move. As of this writing, SHIB is trading at about $0.0000061, indicating a slight recovery following weeks of continuous decline.

SHIB/USDT Chart by TradingViewBulls were able to raise the price a little after the asset broke out of a short-term declining structure. But even with the breakout, a protracted bearish trend that has dominated Shiba Inu for months is still evident in the overall market structure.

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The rise in exchange reserves is one of the most significant indicators currently influencing the future. The total amount of SHIB tokens held on centralized exchanges has increased to about 80.63 trillion, according to data, which represents a 0.14 percent increase in just one day.  

Shiba Inu are ready to sellThis trend could also be a bearish sign. Large token movements on exchanges frequently indicate that holders are getting ready to sell or reallocate their holdings. Increased exchange liquidity may result in more supply entering the market, which may exert pressure on efforts to raise prices.

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Technically speaking, SHIB's recent recovery is still brittle. The asset still trades below a number of important moving averages that serve as resistance, even though it was able to break free from a short-term consolidation pattern. In particular, the 26-day exponential moving average continues to be a critical level that bulls need to reclaim in order to validate any significant recovery.

On-chain activity also displays conflicting signals. Over the past 24 hours, there has been a slight increase in active addresses, which suggests that users are becoming more involved. Nevertheless, this expansion has not yet resulted in consistent demand strong enough to buck the general trend.

Ethereum is attempting to reclaim the $2,100 level as the broader cryptocurrency market experiences a modest wave of relief after weeks of volatility and sideways trading. While price action remains fragile, recent on-chain data suggests that large investors may be beginning to position themselves as the market searches for direction.

According to blockchain analytics platform Arkham, a single wallet accumulated approximately $61.9 million worth of ETH in a series of transactions executed overnight. The purchase quickly attracted attention among market participants, as large-scale acquisitions of this size often signal confidence from well-capitalized investors.

Ethereum Whale transfers | Source: Arkham Such moves are closely monitored because whale activity can influence short-term liquidity dynamics and market sentiment. When large buyers enter the market with aggressive orders, it can indicate that certain participants view current price levels as attractive relative to recent market conditions.

However, interpreting whale purchases requires caution. A single transaction does not necessarily represent a long-term investment thesis, as large traders may also use such positions for hedging strategies, arbitrage, or short-term market positioning.

Mystery Whale Already Sits on $1M Profit Arkham’s data also shows that the wallet behind the $61.9 million Ethereum purchase has already generated an unrealized profit of more than $1 million. The rapid gain reflects Ethereum’s short-term rebound as the market attempts to stabilize and recover key technical levels.

Ethereum Mystery Whale Holdings | Source: Arkham At this stage, the identity of the buyer remains unknown. The wallet could belong to a private high-net-worth individual, a trading desk, or an institutional entity accumulating exposure through a single address. Large investors frequently distribute funds across multiple wallets or operate through intermediaries, making it difficult to determine whether such transactions represent individual traders or larger organizations.

Nevertheless, transactions of this size tend to attract attention because they often occur near important market turning points. Large buyers typically deploy capital when they believe risk-reward conditions have become favorable relative to recent price action.

Ethereum currently trades near a critical technical area that could act as a pivot for the next phase of the market cycle. The $2,100 region represents a key psychological and structural level that traders are watching closely.

If Ethereum manages to reclaim and hold above this zone, it could open the path for a broader recovery toward higher resistance levels. Failure to do so, however, may keep the market trapped in a prolonged consolidation phase.

Ethereum Tests Key Resistance Near $2,100 The chart shows Ethereum attempting to reclaim the $2,100 level after a prolonged corrective phase that began in late 2025. Following a strong rally earlier in the cycle that pushed ETH above the $4,000 region, the asset entered a sustained downtrend characterized by lower highs and persistent selling pressure across several months.

ETH testing critical resistance level | Source: ETHUSDT chart on TradingView Technically, Ethereum remains below its major moving averages, which continue to slope downward and signal that the broader trend has not yet fully reversed. The short-term moving average is currently positioned just above the price and is acting as immediate resistance, while the medium-term and long-term trend indicators remain significantly higher, reflecting the structural weakness that developed during the correction.

The most aggressive move occurred in early February 2026, when Ethereum experienced a sharp sell-off that briefly pushed the price below the $2,000 level. The decline was accompanied by a strong spike in trading volume, suggesting liquidation activity and forced selling across the market.

Since that event, price action has begun to stabilize. Ethereum is now forming a consolidation structure between approximately $1,900 and $2,150 as buyers attempt to regain control of the short-term trend.

Reclaiming and holding above the $2,100–$2,150 zone could open the door for a broader recovery, while failure to break this resistance may keep Ethereum trapped in a sideways consolidation phase.

Featured image from ChatGPT, chart from TradingView.com 

TL;DR:

Harsh criticism: Former British Prime Minister, Boris Johnson, labeled Bitcoin a “giant Ponzi scheme” based solely on collective belief. Technical response: Michael Saylor clarified that a Ponzi requires a central operator and guaranteed returns, elements that do not exist in BTC’s decentralized network. Corporate exposure: Saylor’s defense occurs as MicroStrategy holds 738,731 BTC, representing approximately 3.52% of the total supply. Again Bitcoin is the center of an intense political debate, following the incendiary declarations of Boris Johnson. It all started with the former President’s declarations in the Daily Mail, where he criticized Bitcoin, labeling it a “giant Ponzi scheme,” furthermore saying that the crypto sector lacks intrinsic value and depends on a constant flow of new investors, comparing it to historical fraudulent systems.

Johnson based his position on a personal anecdote about a citizen who lost approximately 20,000 pounds after a failed investment started in a pub. From a technical perspective, Johnson questioned the lack of institutional authority behind the asset, contrasting it with fiat currencies that, historically, derive their value from government backing and State power.

Saylor’s response and the nature of the code Michael Saylor, president of Strategy and one of the biggest defenders of the pioneering crypto, did not take long to respond through the X platform. Saylor emphasized that Bitcoin has no issuer or promoter, radically differentiating it from a Ponzi scheme. He explained that the system is an open monetary network powered by code and market demand, without yield promises by a centralized entity.

Bitcoin is not a Ponzi scheme. A Ponzi requires a central operator promising returns and paying early investors with funds from later ones. Bitcoin has no issuer, no promoter, and no guaranteed return—just an open, decentralized monetary network driven by code and market demand.

— Michael Saylor (@saylor) March 13, 2026 Despite Johnson’s warnings about the possible “melting of trust” of investors, the institutional market seems to ignore the political pessimism. With companies like Strategy increasing their treasury aggressively in this 2026, the dispute between the old political guard and digital maximalists highlights the ideological gap over what constitutes “real money.”

In summary, while Johnson warns about the imminent collapse of the industry given the lack of a central authority, Saylor reaffirms that it is precisely that decentralization and the immutability of the code that grants Bitcoin its value in the modern era.

What happenedAccording to a recent SEC filing dated February 17, 2026, Rivernorth Capital Management sold 2,033,953 shares of Nuveen AMT-Free Municipal Credit Income Fund (NVG 0.01%). The fund’s quarter-end NVG position decreased by $24.89 million, a figure that incorporates both sales activity and share price changes.

What else to knowFollowing the sale, NVG comprises 0.17% of Rivernorth’s 13F reportable assets;

Top holdings after the filing:

NYSE:VKQ: $55.67 million (2.6% of AUM)NYSE:PDI: $49.97 million (2.4% of AUM)NYSE:MHD: $48.98 million (2.3% of AUM)NYSE:MYD: $48.31 million (2.3% of AUM)NYSE:BLE: $41.19 million (2.0% of AUM)As of February 17, 2026, shares were priced at $13.35, up 13.8% over the past year, outperforming the S&P 500 by 2.4 percentage points. The position was previously 1.6% of the fund’s AUM in the prior quarter.

Company OverviewMetricValueRevenue (TTM)$225.02 millionNet Income (TTM)$57.03 millionDividend Yield7.46%Price (as of market close 2/17/26)$13.35Company SnapshotNuveen AMT-Free Municipal Credit Income Fund specializes in providing tax-advantaged income by investing in high-quality municipal bonds. The fund applies a disciplined, fundamental analysis approach to select securities rated Baa/BBB or better, aiming to deliver consistent returns while managing credit risk. Its strategy is designed to appeal to investors seeking stable, federally tax-exempt income with a focus on long-term municipal credit opportunities.

The fund Invests primarily in undervalued municipal securities and related fixed income products exempt from regular federal income taxes. It operates as a closed-end fund, generating income through interest payments on municipal bonds and related securities.

Nuveen AMT-Free Municipal Credit Income Fund targets income-focused investors seeking federally tax-exempt income, with a focus on U.S. municipal bond markets.

What this transaction means for investorsMunicipal closed-end funds are often used by investors seeking federally tax-exempt income, particularly those in higher tax brackets looking to maximize after-tax yield. Higher-income investors benefit the most, as the value of the tax exemption increases with an individual's marginal tax rate.

Nuveen AMT-Free Municipal Credit Income Fund invests primarily in municipal bonds issued by state and local governments, aiming to generate steady tax-advantaged income for shareholders.One structural feature of municipal closed-end funds is that their shares trade on exchanges and can trade at a discount or premium to the fund’s net asset value (NAV). Because of this structure, investor demand for tax-exempt income can influence the market price independently of the underlying bond portfolio. When income demand increases, discounts can narrow, which then boosts shareholder returns even if the value of the underlying municipal bonds changes only modestly.

For investors, it will be important to watch how the fund’s market price compares to its NAV. Changes in the discount or premium can materially affect returns alongside the income generated by the municipal bond portfolio, making the fund’s market valuation an important factor to monitor.

Eric Trie has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

, /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until May 1, 2026 to file lead plaintiff applications in a securities class action lawsuit against Apollo Global Management, Inc. (NYSE: APO) ("Apollo" or the "Company"), if they purchased or otherwise acquired the Company's securities between May 10, 2021 and February 21, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.

KSF What You May Do

If you purchased securities of Apollo and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-apo/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 1, 2026.

About the Lawsuit

Apollo and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company's leadership figures, including defendants Marc Rowan and Leon Black, frequently communicated with Jeffrey Epstein in the 2010s regarding the Company's business; (ii) as a result, the Company's assertion that Apollo Global had never done business with Jeffrey Epstein was untrue; (iii) because of the entanglement between Apollo Global's leaders and Jeffrey Epstein, the harm to the Company's reputation was more than a mere possibility; and (iv) as a result, the Company's statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.

The case is Feldman v. Apollo Global Management, Inc., et al., Case No. 26-cv-01692.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

SOURCE Kahn Swick & Foti, LLC

, /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until April 21, 2026 to file lead plaintiff applications in a securities class action lawsuit against Corcept Therapeutics Incorporated (NasdaqCM: CORT) ("Corcept" or the "Company"), if they purchased or otherwise acquired the Company's shares between October 31, 2024 and December 30, 2025, inclusive (the "Class Period").  This action is pending in the United States District Court for the Northern District of California.

KSF What You May Do

If you purchased shares of Corcept and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqcm-cort/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by April 21, 2026.

About the Lawsuit

Corcept and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

The complaint alleges that, during the Class Period, the Company represented to investors that there was a high likelihood that one of its lead new product candidates, relacorilant, would receive approval from the U.S. Food and Drug Administration ("FDA") after the Company's New Drug Application ("NDA") submission. However, on December 31, 2025, the Company disclosed that the FDA had issued a Complete Response Letter ("CRL") regarding the NDA for relacorilant and that it had "concluded it could not arrive at a favorable benefit-risk assessment for relacorilant without Corcept providing additional evidence of effectiveness."

On this news, the price of Corcept's shares plummeted by $35.40 per share, or 50.4%, from a closing price of $70.20 on December 30, 2025, to a closing price of $34.80 on December 31, 2025.

The case is Allegheny County Employees' Retirement System v. Corcept Therapeutics Incorporated, No. 26-cv-01525.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

SOURCE Kahn Swick & Foti, LLC

, /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until May 11, 2026 to file lead plaintiff applications in a securities class action lawsuit against Trip.com Group Limited (NasdaqGS: TCOM) ("Trip.com" or the "Company"), if they purchased or otherwise acquired the Company's securities between April 30, 2024 and January 13, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Eastern District of New York.

Kahn Swick & Foti What You May Do

If you purchased securities of Trip.com and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-tcom/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 11, 2026.

About the Lawsuit

Trip.com and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On January 14, 2026, Bloomberg reported that the Company was the subject of an Antitrust Probe by the State Administration for Market Regulations of the People's Republic of China (the 'SAMR') based on allegations of "abusing its market position and engaging in monopolistic practices." The report further stated that, "[i]n September, the market regulator in Zhengzhou summoned Trip.com for violations of rules against setting "unfair restrictions" on merchants' transactions and prices."

On this news, the price of Trip.com ADSs fell $12.90 per ADS, or 17.05%, to close at $62.78 per ADS on January 14, 2026. The next day, it fell a further $1.48 per ADS, or 2.35%, to close at $61.30 on January 15, 2026.

The case is De Wilde v. Trip.com Group Limited, et al., Case No. 26-cv-01420.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

SOURCE Kahn Swick & Foti, LLC

, /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Enphase Energy, Inc. ("Enphase" or the "Company") (NasdaqGM: ENPH) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors of Enphase who were adversely affected by alleged securities fraud between April 22, 2025 and October 28, 2025. Follow the link below to get more information and be contacted by a member of our team:

KSF https://www.ksfcounsel.com/cases/nasdaqgm-enph/

Enphase investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgm-enph/ to learn more.

CASE DETAILS: According to the Complaint, Enphase and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company had overstated its ability to manage its channel inventory; (ii) the Company had overstated its ability to offset the impacts resulting from the termination of the Residential Clean Energy Credit pursuant to Internal Revenue Code Section 25D; and (iii) as a result, the Company overstated its financial and operational prospects.

The case is Tripathi v. Enphase Energy, Inc., No. 26-cv-01380.

WHAT TO DO? If you invested in Enphase and suffered a loss during the relevant time frame, you have until April 20, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

SOURCE Kahn Swick & Foti, LLC

, /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Navan, Inc. ("Navan" or the "Company") (NasdaqGS: NAVN) of a class action securities lawsuit.

Kahn Swick & Foti CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors of Navan who were adversely affected if they purchased the Company's shares pursuant and/or traceable to the Registration Statement and Prospectus (collectively, the "Offering Documents") issued in connection with Navan's October 2025 initial public offering (the "IPO"). Follow the link below to get more information and be contacted by a member of our team:

https://www.ksfcounsel.com/cases/nasdaqgs-navn/

Navan investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-navn/ to learn more.

CASE DETAILS: According to the Complaint, Navan and certain of its executives are charged with failing to disclose material information in the Offering Documents, violating federal securities laws. The alleged false and misleading statements and omissions include, but are not limited to, that the Company had increased its "sales and marketing" expenses for the quarter ending October 31, 2025 to nearly $95 million, or by 39% compared to $68.5 million sales and marketing expenses in the quarter ending July 31, 2025. When the true details entered the market, the lawsuit claims that the Company's shares fell sharply. 

The case is McCown v. Navan, Inc., Case No. 26-cv-01550.

WHAT TO DO? If you invested in Navan and suffered a loss during the relevant time frame, you have until April 24, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

SOURCE Kahn Swick & Foti, LLC

, /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Ultragenyx Pharmaceutical Inc. ("Ultragenyx" or the "Company") (NasdaqGS: RARE) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors of Ultragenyx who were adversely affected by alleged securities fraud between August 3, 2023 and December 26, 2025. Follow the link below to get more information and be contacted by a member of our team:

Kahn Swick & Foti https://www.ksfcounsel.com/cases/nasdaqgs-rare/

Ultragenyx investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-rare/ to learn more.

CASE DETAILS: On December 26, 2025, the Company announced the "results from the Phase 3 Orbit and Cosmic studies for setrusumab (UX143) in Osteogenesis Imperfecta" disclosing that both its Phase III Orbit and Cosmic studies failed to demonstrate that setrusumab triggered a statistically significant reduction in annualized fracture rates for patients with osteogenesis imperfecta, and, as a result the Company "is evaluating its planned operations and will promptly define and implement significant expense reductions." On this news, the price of Ultragenyx's shares fell approximately 42%, from $34.19 per share on December 26, 2025 to $19.72 per share on December 29, 2025.

The case is Steven Bailey v. Ultragenyx Pharmaceutical Inc., et al., No. 26-cv-01097.

WHAT TO DO? If you invested in Ultragenyx and suffered a loss during the relevant time frame, you have until April 6, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

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SOURCE Kahn Swick & Foti, LLC

New York, New York--(Newsfile Corp. - March 13, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of common stock of Soleno Therapeutics, Inc. (NASDAQ: SLNO) between March 26, 2025 through November 4, 2025, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 5, 2026.

SO WHAT: If you purchased Soleno common stock 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 Soleno class action, go to https://rosenlegal.com/submit-form/?case_id=43959 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 May 5, 2026. 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. 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 has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. 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, defendants made false and/or misleading statements and/or failed to disclose that: (1) the Soleno Phase 3 clinical trial program for diazoxide choline extended-release tablets ("DCCR") had systematically downplayed, misrepresented, and/or concealed significant evidence of safety concerns potentially related to the administration of DCCR, including issues related to excess fluid retention in clinical trial participants; (2) as a result, the administration of DCCR to treat hyperphagia in individuals with Prader-Willi syndrome ("PWS") posed materially greater safety risks than disclosed by Soleno or its executives; and (3) as a result, DCCR had materially lower commercial viability and undisclosed risks related to the likelihood of significant and widespread adverse events after its commercial launch, including risks related to patient discontinuation rates, lower patient adoption, prescriber reluctance, adverse regulatory action, and potential reputational and legal fallout. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Soleno class action, go to https://rosenlegal.com/submit-form/?case_id=43959 or 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.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288434

Source: The Rosen Law Firm PA

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Friday, 13 March 2026 08:00 PM

Topic: 

Earnings HONG KONG, HK AND RENO, NV / ACCESS Newswire / March 13, 2026 / Tianci International, Inc. (the "Company" or "Tianci"), a global logistics service provider specializing in ocean freight forwarding, today announced its financial results for the fiscal quarter ended January 31, 2026.

Second Fiscal Quarter 2026 Highlights:

Revenue increased, quarter-to-quarter, by 87%, as global logistics revenue increased by 22% and was complemented by revenue of $1,315,855 resulting from our initial entry into the market for mineral ores.

General and administrative expenses increased from $1,999,225 in the quarter ended January 31, 2025 to $3,794,374 in the quarter ended January 31, 2026. As a result, the Company incurred a net loss of $417,124 in the quarter ended January 31, 2026, an increased loss compared to the quarter ended January 31, 2025.

Financial Results

Revenue from logistics operations for the quarter ended January 31, 2026, which represented 65% of the Company's overall revenue in that period, increased by 22% from the revenue generated by logistics operations during the quarter ended January 31, 2025. However, the cost of that revenue increased by 26% from the second quarter of fiscal year 2025 to the second quarter of fiscal year 2026, as demand for logistics services waned due to concerns about the implementation of tariffs, while shipping companies in the Southeast Asia market increased their pricing in an effort to offset the decline in demand for their services. As a result of the increase in cost of revenue, the Company's gross profit margin attributable to logistics operations decreased from 3.6% in the quarter ended January 31, 2025 to 3.5% in the quarter ended January 31, 2026, and decreased from 5.0% for the six months ended January 31, 2025 to 2.5% for the six months ended January 31, 2026.

To reduce the effect of declining demand in the Southeast Asia market, the Company intends to reorient its focus towards long-distance shipping lines, which generally produce higher profit margins. As one particular effort toward that reorientation, the Company has been accumulating an inventory of bulk chrome and manganese ore for the purpose of entering into the global commodity trade arena, and completed its initial mineral sales during the six months ended January 31, 2026. Those sales yielded $1,821,320 in revenue and a gross profit margin of 12.0%. By applying its core resource control capabilities and supply chain integration strengths with an in-house demand for shipping services, the Company looks to release itself from dependence on local demand for shipping services.

We recorded a net loss of $417,124 for the quarter ended January 31, 2026, primarily due to a 170% increase in general and administrative expenses arising from most aspects of our operations. Our bottom line net loss for the second quarter of $417,124, therefore, represented an increase of 276% in our quarterly net loss.

Our operations during the six months ended January 31, 2026 reduced our cash balance by $1,682,251 to $723,101. In addition to our net loss of $685,998, the greater portion of that cash drain was attributable to the increase of $561,754 in our accounts receivable. At January 31, 2026 our working capital was $2,506,100, a decline of $399,501 during the six months ended January 31, 2026.

About Tianci International, Inc.

Tianci International Inc., through its subsidiary Roshing, provides global logistics services specializing in ocean freight forwarding, including container and bulk goods shipping. Operating under an asset-light model, Roshing's logistics solutions are tailored to meet the diverse needs of its customers across the Asia-Pacific, including Hong Kong, Japan, South Korea, and Vietnam.

Starting in the current fiscal year, Roshing has expanded into global trade of bulk chrome and manganese ore by sourcing high-grade minerals directly from resource-rich regions for resale. Roshing intends to utilize optimized bulk vessel and container shipping, and provide end-to-end supply chain solutions for metallurgical and steelmaking customers.

Beyond logistics and mineral sales, Roshing generates revenue from the sale of electronic parts and business consulting services.

For more information, please visit the Company's website: tianci-ciit.com

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements that involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. The Company encourages investors to review other factors that may affect its future results that are discussed in the Company's filings with the U.S. Securities and Exchange Commission.

For investor and media inquiries, please contact:

Tianci International, Inc.
Investor Relations
Email: [email protected]

Financial Summary Tables

The following financial information should be read in conjunction with the financial statements and accompanying notes filed by the Company with the Securities and Exchange Commission on Form 10-Q for the period ended January 31, 2026, which can be viewed at www.sec.gov and in the investor relations section of the Company's website at www.tianci-ciit.com.

TIANCI INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(EXPRESSED IN UNITED STATES DOLLARS)

January 31,

July 31,

2026

2025

(Unaudited)

ASSETS

Current assets:

Cash

$

723,101

$

2,405,352

Accounts receivable

561,753

-

Prepayment and other current assets

777,767

382,554

Inventory

516,536

215,346

Total current assets

2,579,157

3,003,252

Other assets:

Lease security deposit

21,518

23,174

Lease right-of-use asset

89,586

119,545

Total non-current assets

111,104

142,719

TOTAL ASSETS

$

2,690,261

$

3,145,971

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$

3,038

$

18,554

Income taxes payable

-

16,117

Lease liability-current

65,362

57,903

Accrued liabilities and other payables

4,657

5,077

Total current liabilities

73,057

97,651

Lease liability - noncurrent

28,285

61,403

Total liabilities

101,342

159,054

Commitments and contingencies

-

-

Stockholders' equity:

Series A Preferred stock, $0.0001 par value; 80,000 shares authorized; no shares issued and outstanding as of January 31, 2026 and July 31, 2025

-

-

Series B Preferred stock, $0.0001 par value; 80,000 shares authorized; 0 and 80,000 shares issued and outstanding as of January 31, 2026 and July 31, 2025, respectively

-

8

Undesignated preferred stock, $0.0001 par value; 19,920,000 shares authorized; no shares issued and outstanding

-

-

Common stock, $0.0001 par value, 100,000,000 shares authorized; 25,331,803 and 16,531,803 shares issued and outstanding as of January 31, 2026 and, July 31, 2025, respectively

2,533

1,653

Additional paid-in capital

6,132,633

5,845,505

Accumulated deficit

(3,530,856

)

(2,862,860

)

Total stockholders' equity attributable to TIANCI INTERNATIONAL, INC.

2,604,310

2,984,306

Non-controlling interest

(15,391

)

2,611

Total stockholders' equity

2,588,919

2,986,917

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$

2,690,261

$

3,145,971

TIANCI INTERNATIONAL, INC. AND SUBSIDIARIES
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(EXPRESSED IN UNITED STATES DOLLARS)

For the three months ended January 31,

For the six months ended January 31,

2026

2025

2026

2025

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

OPERATING REVENUES

Global logistics services

$

2,531,360

$

2,070,083

$

5,747,241

$

4,829,776

Sale of minerals

1,315,855

-

1,821,320

-

Other revenue

37,469

9,120

134,350

230,367

Total Operating Revenues

3,884,684

2,079,203

7,702,911

5,060,143

COST OF REVENUES

Global logistics services

2,522,643

1,995,569

5,604,300

4,586,434

Cost of minerals

1,260,538

-

1,601,690

-

Other revenue

11,193

3,656

22,360

165,300

Total Cost of Revenues

3,794,374

1,999,225

7,228,350

4,751,734

Gross profit

90,310

79,978

474,561

308,409

Operating expenses:

Selling and marketing

45,170

15,036

89,580

100,224

General and administrative

462,264

171,211

1,070,912

431,604

Total operating expenses

507,434

186,247

1,160,492

531,828

(Loss) from operations

(417,124

)

(106,269

)

(685,931

)

(223,419

)

Other (loss) income net

-

-

(67

)

27,391

(Loss) before provision for income taxes

(417,124

)

(106,269

)

(685,998

)

(196,028

)

Provision for income taxes

-

4,702

-

6,891

Net (loss)

(417,124

)

(110,971

)

(685,998

)

(202,919

)

Less: net (loss) income attributable to non-controlling interest

(17,226

)

2,380

(18,002

)

3,488

Net (loss) attributable to TIANCI INTERNATIONAL, INC.

$

(399,898

)

$

(113,351

)

$

(667,996

)

$

(206,407

)

Weighted average number of common shares

Basic and diluted

24,320,814

14,781,803

20,405,027

14,781,803

(Loss) per common share attributable to TIANCI INTERNATIONAL, INC.

Basic and diluted

$

(0.02

)

$

(0.01

)

$

(0.03

)

$

(0.01

)

Weighted average number of preferred shares B

Basic and diluted

3,516

80,000

41,967

80,000

(Loss) per preferred share B attributable to TIANCI INTERNATIONAL, INC.

Basic and diluted

$

(0.02

)

$

(0.01

)

$

(0.03

)

$

(0.01

)

TIANCI INTERNATIONAL, INC. AND SUBSIDIARIES
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(EXPRESSED IN UNITED STATES DOLLARS)

For the six months ended January 31,

2026

2025

(Unaudited)

(Unaudited)

Cash flows from operating activities:

Net (loss)

$

(685,998

)

$

(202,919

)

Adjustments to reconcile net income (loss) to net cash used in operating activities:

Amortization of operating lease right-of-use asset

29,959

-

Accounts receivable

(561,754

)

-

Prepayment and other current assets

(357,662

)

(23,249

)

Inventory

(13,190

)

-

Lease security deposit

1,656

-

Accounts payable

(15,516

)

-

Income taxes payable

(53,665

)

(45,029

)

Operating lease liabilities

(25,659

)

-

Accrued liabilities and other payables

(422

)

112,747

Net cash (used in) operating activities

(1,682,251

)

(158,450

)

Cash flows from financing activities:

Deferred offering costs incurred

-

(74,125

)

Net cash (used in) financing activities

-

(74,125

)

Net (decrease) in cash

(1,682,251

)

(232,575

)

Cash, beginning

2,405,352

413,129

Cash, ending

$

723,101

$

180,554

Supplemental disclosure of cash flow information:

Cash paid during the period for:

Interest

$

-

$

-

Income taxes

$

53,665

$

51,920

Non-Cash Activities:

Issuance common stock for inventory purchase

288,000

-

Conversion of preferred stock to common stock

800

-

SOURCE: Tianci International Inc.

Target will begin lowering prices on 3,000 items this month in its latest move to support the company’s long-term, sustainable growth.

The price reductions will generally be between 5% and 20% and will span select items across apparel, home, shoes, and “everyday essentials” such as baby items, household essentials and pantry staples, the retailer said in a Wednesday (March 11) press release.

Target will begin rolling out the price reductions this month and continue throughout the spring, according to the release.

“Busy families are thinking about value as they begin to update their homes and wardrobes for spring,” Cara Sylvester, executive vice president and chief merchandising officer at Target, said in the release. “We’re delivering by lowering prices on 3,000 spring favorites across apparel, essentials and home.”

Target’s move comes at a time when consumers are seeking bargains at off-price retailers. Ross Stores CEO Jim Conroy said March 3 that his company and other off-price retailers have gained market share from mainstream retailers and department stores.

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The price reductions are the latest in a series of initiatives Target has announced under its new CEO Michael Fiddelke, a Target veteran who assumed that role on Feb. 1.

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In a message from the CEO posted on Feb. 2, Fiddelke said Target’s four priorities are merchandising that brings together design, style and value, “in a way only Target can”; a guest experience that makes store visits and digital interactions “easier, more inspiring and welcoming”; technology that removes friction and helps create better experiences for guests; and investments in the retailer’s team members to build future-ready skills.

In a March 3 earnings release, Fiddelke said the company seeks to deliver “an elevated and differentiated shopping experience, advancing our use of technology.”

The digital channel remained a bright spot for Target in the fourth quarter. Comparable digital sales rose 1.9% in the quarter, while store-originated comparable sales fell 3.9%.

The company said in a March 3 press release that it aims to increase its capital investment plans by more than $1 billion in 2026, for a total of $5 billion, to support new stores, ongoing remodels, technology and supply chain enhancements.

On March 5, Target announced that it plans to open seven new stores this month, more than 30 this year and 300 by 2035 to support its growth priorities. The retailer also plans to remodel more than 130 stores this year.

NOTE: All figures are in Canadian Dollars unless otherwise stated.

Vancouver, British Columbia--(Newsfile Corp. - March 13, 2026) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) ("Barksdale" or the "Company") is pleased to announce that due to recent market price changes, the Company is repricing its private placement with Crescat Capital LLC ("Crescat"), a strategic investor in Barksdale, consisting of 8,478,049 common share units in the capital of the Company (the "Units"), whereby the units shall be priced at $0.09 per Unit for gross proceeds of $763,024.41 (the "Offering").

Each Unit shall comprise one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one common share of the Company at an exercise price of $0.15 for a period of two (2) years from the date of issuance. No finder's fee is payable in connection with the private placement.

Use of proceeds includes funding for on-going corporate expenses.

This news release supersedes the Company's private placement news releases of March 10, 2026, and February 11, 2026.

Crescat's participation in the Offering will constitute a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities to be acquired by Crescat, nor the consideration for the securities to be paid by Crescat, will exceed 25% of the Company's market capitalization.

About Crescat Capital LLC

Crescat is a value-driven asset management firm with a global macro thematic overlay. The goal of its activist metals' strategy is to help exploration-focused mining companies create new economic metal deposits in viable mining jurisdictions around the world. The firm's investment process involves a mix of asset classes and strategies to assist with each client's unique needs and objectives and includes Global Macro, Long/Short, and Precious Metals funds.

About Barksdale Resources Corp.

At Barksdale, our mission is to drive long-term shareholder value through the strategic acquisition, exploration, and advancement of high-quality critical, base, and precious metal projects across the Americas.

We are focused on the metals essential to the global energy transition and modern infrastructure—particularly copper, zinc, and other critical minerals—at a time when secure, domestic and regional sources are more important than ever.

With a sharp focus on critical metals and a commitment to responsible growth, Barksdale is positioned to play a key role in meeting tomorrow's resource needs.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding Forward-Looking Statements
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the Offering are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Barksdale, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.

Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the Company has made assumptions and estimates based on or related to many of these factors. All forward-looking statements contained in this news release are qualified by these cautionary statements and those in the Company's continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. Readers should not place undue reliance on the forward-looking statements contained in this news release concerning these items. Barksdale does not assume any obligation to update the forward-looking statements if beliefs, opinions, projections, or other factors, change, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288566

Source: Barksdale Resources Corp.

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Vaxart, Inc. (VXRT) Shareholder/Analyst Call Transcript

MP Materials (MP 4.70%) hit an important inflection point in 2025, as it built out its rare-earth metals business. It is now a vertically integrated business, with both a rare-earth metals mine and processing assets. For more aggressive investors, there are three big reasons to consider buying MP Materials in 2026 as it executes on its long-term business plan.

1. MP Materials operates in the U.S.A. Motley Fool research shows that China is the dominant global source for rare-earth metals. That's a problem given that China has proven more than willing to use access to its rare-earth metals as a bargaining chip with other countries. Rare-earth metals are used in everything from electronics to missile defense systems. They are vital materials, and reliable access to rare-earth metals is an economic and geopolitical necessity.

Image source: Getty Images.

MP Materials operates in the United States. That geographic location makes it a strong partner for domestic companies and the U.S. government, which is providing financial assistance to the company. But it may also become a preferred provider for U.S. allies looking for a reliable source of rare-earth metals. The opportunity to be a key supplier to Western nations makes MP Materials an attractive stock.

2. Rare-earth metals are going to become more important The second big reason to buy MP Materials in 2026 is long-term in nature. There is already strong demand for rare-earth metals. However, the world is increasingly digital. That means that demand for rare-earth metals is highly likely to rise over time.

Buying MP Materials now lets you get in early as the company and its market grow. Notably, the company is already working on a new rare-earth magnet processing facility in Texas to capitalize on the growth opportunity ahead.

Today's Change

(

-4.70

%) $

-2.82

Current Price

$

57.21

3. MP Materials is finally getting all the pieces together The final reason to like MP Materials in 2026 is that it now has both its rare-earth metals mine and its rare-earth metals processing assets up and running. In the fourth quarter of 2025, it generated adjusted earnings of $0.09 per share. There's still more spending to be done as the company builds its business out, but it is clearly moving in the right direction from a financial perspective. If 2026 is also an earnings inflection point, it could be a very good year for the business and the stock.

Investors should think long term The problem with MP Materials is that it is hard to place a valuation on the stock, given its still early stage of development. And the stock has roughly doubled in value over the past year. Conservative investors probably won't be interested. But if you are a growth investor, buying in 2026 could get you in at the beginning of what increasingly looks like an attractive long-term growth story.

People pose for a photo in front of a sign of Meta, the new name for the company formerly known as Facebook, at its headquarters in Menlo Park, California, U.S. October 28, 2021.... Purchase Licensing Rights, opens new tab Read more

SummaryCompaniesMeta's workforce could shrink by 20% amid AI focusMeta's AI spending includes $600 billion for data centers by 2028AI expected to create efficienciesNEW YORK/SAN FRANCISCO, March 13 (Reuters) - Meta (META.O), opens new tab is planning sweeping layoffs that could affect ​20% or more of the company, three sources familiar with the matter told Reuters, as Meta seeks ‌to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.

No date has been set for the cuts and the magnitude has not been finalized, the people said.

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Top executives have recently signaled the plans to other senior leaders at Meta and told ​them to begin planning how to pare back, two of the people said. The sources spoke anonymously because they ​were not authorized to disclose the cuts.

Meta did not immediately comment.

If Meta settles on the 20% ⁠figure, the layoffs will be the company's most significant since a restructuring in late 2022 and early 2023 that it ​dubbed the "year of efficiency." It employed nearly 79,000 people as of December 31, according to its latest filing.

The company laid off 11,000 ​staffers in November 2022, or around 13% of its workforce at the time. Around four months later, it announced it was cutting another 10,000 jobs.

ZUCKERBERG FOCUSING ON GENERATIVE AIOver the last year, CEO Mark Zuckerberg has been pushing Meta to compete more forcefully in generative AI. The company has ​offered huge pay packages, some worth hundreds of millions of dollars over four years, to court top AI researchers to ​a new superintelligence team.

The company has said it plans to invest $600 billion to build data centers by 2028. Earlier this week, it acquired Moltbook, a ‌social ⁠networking platform built for AI agents. Meta is also spending at least $2 billion to buy Chinese AI startup Manus, Reuters previously reported.

Zuckerberg has alluded to efficiency gains from the investments, saying in January he was starting to see "projects that used to require big teams now be accomplished by a single very talented person."

Meta's plans reflect a broader pattern among major U.S. companies, particularly in ​tech, this year. Executives have pointed ​to recent improvements in ⁠AI systems as one reason for the changes.

In January, Amazon confirmed it would cut some 16,000 jobs, amounting to nearly 10% of its workforce. Last month, the fintech company Block chopped nearly half ​of its staff, with CEO Jack Dorsey explicitly pointing to AI tools and their growing capability ​to help companies ⁠do more with smaller teams.

Meta's planned AI investments follow a series of setbacks with its Llama 4 models last year, including criticism that it provided misleading results on the benchmarks it used for early versions. It abandoned the release of the largest version ⁠of that ​model, called Behemoth, which had been due out in the summer.

The superintelligence team ​has been working to reassert the company's standing this year by building a new model called Avocado, but the performance of that model has also lagged expectations.

Reporting ​by Deepa Seetharaman and Jeff Horwitz in San Francisco and Katie Paul in New York; editing by Kenneth Li, Rod Nickel

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March 14, 202612:27 AM UTCUpdated 13 mins ago

CompaniesMarch 13 (Reuters) - GSK (GSK.L), opens new tab ​and Amgen (AMGN.O), opens new tab ‌will add ​their ​medicines to ⁠TrumpRX, ​the prescription ​drug website launched ​by ​President Donald ‌Trump's ⁠administration, Fox Business ​reported ​on ⁠Friday.

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NEW YORK, March 13, 2026 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the first quarter of 2026.

This quarter, there are constituent changes within two of our indexes: KBW Nasdaq Bank Index (Index Ticker: BKX, ETF Ticker: KBWB), and KBW Nasdaq Regional Banking Index (Index Ticker: KRX)

These changes will be effective prior to the opening of business on Monday, March 23, 2026.

As part of this rebalancing, below are the component-level changes across impacted indices:

KBW Nasdaq Bank Index (Index Ticker: KBW, ETF Ticker: KBWB)

Add (1):  Pinnacle Financial Partners, Inc. (NYSE: PNFP)   KBW Nasdaq Regional Banking Index (Index Ticker: KRX)

Add (2):  Nicolet Bankshares, Inc. (NYSE: NIC)  Seacoast Banking Corporation of Florida (Nasdaq: SBCF) Drop (1):  Pinnacle Financial Partners, Inc. (NYSE: PNFP)   Several of the KBW Nasdaq indexes have tradable exchange‐traded funds licensed: KBW Nasdaq Bank Index (Index Ticker: BKXSM, ETF Ticker: KBWBSM); KBW Nasdaq Capital Markets Index (Index Ticker: KSXSM); KBW Nasdaq Insurance Index (Index Ticker: KIXSM); KBW Nasdaq Regional Banking Index (Index Ticker: KRXSM); KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDXSM, ETF Ticker: KBWDSM); KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYXSM, ETF Ticker: KBWYSM); KBW Nasdaq Property and Casualty Insurance Index (Index Ticker: KPXSM, ETF Ticker: KBWPSM); KBW Nasdaq Global Bank Index (Index Ticker: GBKXSM); KBW Nasdaq Financial Technology Index (Index Ticker: KFTXSM, ETF Ticker: FTEK.LNSM).

Not all of the listed securities may be suitable for retail investors; in addition, not all of the listed securities may be available to U.S. investors. European investors interested in FTEK LN can contact Invesco at https://etf.invesco.com/gb/private/en/product/invesco-kbw-nasdaq-fintech-ucits-etf-acc/trading-information. U.S. investors cannot buy or hold FTEK LN. An investor cannot invest directly in an index.

About KBW
KBW (Keefe, Bruyette & Woods, Inc., operating in the U.S., and Stifel Nicolaus Europe Limited, also trading as Keefe, Bruyette & Woods Europe, operating in Europe) is a Stifel company. Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors. Founded in 1962, the firm maintains industry‐leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities securities of financial services companies.

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Magazine Luiza S.A. (MGLUY) Q4 2025 Earnings Call March 13, 2026 8:00 AM EDT

Company Participants

Frederico Rodrigues - President & Member of Executive Board
Roberto Rodrigues - CFO, Investor Relations Officer & Member of Executive Board
Jorg Friedemann - CEO of MagaluPay & Member of Executive Board
Fabrício Garcia - VP of Operations & Member of Executive Board
Ricardo Garrido - Executive Director of Marketplace & Member of Executive Board

Conference Call Participants

Luiz Guanais - Banco BTG Pactual S.A., Research Division
Lucas Esteves - Santander Investment Securities Inc., Research Division
Irma Sgarz - Goldman Sachs Group, Inc., Research Division
Andrew Ruben - Morgan Stanley, Research Division
Joao Pedro Soares - Citigroup Inc., Research Division
Rodrigo Gastim - Itaú Corretora de Valores S.A., Research Division
Gustavo Fratini - BofA Securities, Research Division
Danniela Eiger - XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A., Research Division
Nicolas Larrain - JPMorgan Chase & Co, Research Division

Presentation

Operator

Magalu's Conference call regarding the quarterly earnings. For those who need simultaneous translation, click on the interpretation button via the globe icon at the bottom of your screen and choose your preferred language, English or Portuguese.

We want to inform you that this event is being recorded and will be made available on the company's IR website at ri.magazineluiza.com.br. The earnings release and presentation are already available in Portuguese and English. The link to the presentation in English is also available in the chat. [Operator Instructions]

Now I would like to give the floor to Fred Trajano, Magalu's CEO. Fred, please take the floor.

Frederico Rodrigues
President & Member of Executive Board

Good morning. Thank you for attending our earnings conference call on the fourth quarter of '25, but also the full year 2025.

This call has a very relevant meaning for the company because we work in a model of

New York, New York--(Newsfile Corp. - March 13, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Navan, Inc. (NASDAQ: NAVN) pursuant and/or traceable to the Registration Statement and Prospectus (collectively, the "Offering Documents") issued in connection with Navan's October 2025 initial public offering (the "IPO"), of the important April 24, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Navan common stock 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 Navan class action, go to https://rosenlegal.com/submit-form/?case_id=55059 or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 24, 2026. 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, at that time, the largest ever securities class action settlement against a Chinese Company. 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, the Offering Documents used to effectuate Navan's IPO were false and misleading and omitted to state that, at the time of the offering, Navan had increased its "sales and marketing" expenses. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Navan class action, go to https://rosenlegal.com/submit-form/?case_id=55059 or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information.

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.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288497

Source: The Rosen Law Firm PA

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

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Artificial intelligence (AI) investing may be the current hot tech trend, but there's another important one already on the horizon that could make a big splash a couple of years from now: quantum computing. Quantum computing could unlock capabilities previously thought impossible and lead to a new generation of breakthroughs in multiple sectors.

While there are several companies involved in quantum computing, two of my favorites are IonQ (IONQ +0.09%) and D-Wave Quantum (QBTS 1.57%). These two are smaller pure plays, and if their stocks pan out, they could deliver millionaire-maker returns.

Image source: Getty Images.

Each company has a unique approach to quantum computing There isn't one accepted way to perform quantum computing. There are several different options, which is what makes investing in this space so difficult. Each approach has its benefits and drawbacks; the question becomes which techniques compromise too much?

The biggest issue quantum computing faces right now is accuracy. Quantum computers aren't accurate enough to deliver actionable insights, and trusting their outputs isn't a smart move. However, each company is racing toward making the most accurate quantum computer possible.

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IonQ is leading the way in accuracy and has achieved a 99.99% 2-qubit gate fidelity score. This means their computer makes one error out of every 10,000 operations, which is quite impressive -- until you realize how many operations a traditional computer does every second. IonQ will need to continue increasing this score to make its product commercially viable, but with it leading the industry right now, it's in a great position to capture early market share.

D-Wave Quantum isn't trying to build a general-purpose quantum computer like IonQ. Instead, it's developing a quantum annealing device that helps companies solve optimization problems. The concept is relatively simple: The lowest energy state of the system represents the ideal answer, and this technique can be utilized in logistics networks, weather modeling, and AI training and inference.

D-Wave Quantum's products are expected to be popular in industry-specific applications. They may not have as widespread a use as IonQ's platform, but it's still a worthy long-shot investment.

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Both stocks could grow massively if their approach turns out to be a winning one. McKinsey & Company estimates that $72 billion will be spent annually on quantum computing by 2035. That's a huge market that hasn't appeared yet, and if IonQ and D-Wave can capture a healthy chunk of that, their stocks could deliver outsized returns.

However, it's also possible that they don't deliver on expectations, and the stock goes to $0. That's the reality with these high-risk, high-reward investments, and investors must know that going in. Still, I think each of these deserves a position in your aggressive segment of a portfolio, as they could boost your returns if one of them pans out.

, /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into CarMax, Inc. (NYSE: KMX) ("CarMax" or the "Company").

On September 25, 2025, the Company announced its second quarter Fiscal Year 2026 financial results, disclosing, among other things, that retail unit sales had decreased 5.4%, comparable store unit sales had decreased 6.3%, wholesale units had decreased 2.2%, and that net earnings per diluted share of $0.64 compared to $0.85 a year ago. The Company also disclosed disappointing second quarter net income of about $95.4 million, down from $132.8 million over the prior year. Subsequently, on November 6, 2025, the Company disclosed the unexpected departure of its CEO and a weak preliminary Q3 2025 outlook.

Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period, violating federal securities laws.

KSF's investigation is focusing on whether CarMax's officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws. 

If you have information that would assist KSF in its investigation, or have been a long-term holder of CarMax shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-938-0905 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-kmx/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

SOURCE Kahn Swick & Foti, LLC

Binance suing the Wall Street Journal is not a new kind of signal, as the exchange has fought what it considered hostile coverage before.

However, this time the market may read the move differently.

In earlier cycles, a Binance-versus-media clash fit neatly into a larger story of regulatory danger. Now, after a softer US enforcement turn and deeper overlap with President Donald Trump-linked crypto networks, the same kind of pushback may be read less as panic and more as confidence.

On Mar. 11, Binance sued the Wall Street Journal and Dow Jones over a Feb. 23 report tied to an alleged Iran-related internal investigation, saying the story made false and defamatory claims about how Binance handled roughly $1 billion in transfers allegedly linked to Iran-backed groups.

The suit says the Journal ignored corrections and published at least 11 false statements.

That sounds familiar because it is. Reuters previously reported that Binance sued Forbes over its 2020 “Tai Chi” article and later dropped the case.

Additionally, Binance founder Changpeng Zhao (CZ) personally sued Bloomberg Businessweek's Hong Kong publishing partner, Modern Media, in 2022 over a “Ponzi scheme” headline.

Binance has used the same media-pushback playbook before, suing Forbes in 2020, Bloomberg's Hong Kong publisher in 2022, and now the Wall Street Journal in 2026.The novelty in the WSJ fight lies in the backdrop against which the tactic is being used.

In 2020 and 2022, a Binance-versus-media clash slotted naturally into a broader narrative of regulatory danger. In 2026, the same move followed the SEC's dismissal of its civil case with prejudice, after Trump-linked World Liberty's USD1 was reportedly used in MGX's $2 billion Binance investment, and after Trump pardoned CZ.

Same tactic, different settingBinance may be facing a friendlier US climate, but the Iran-related scrutiny and ongoing litigation show the fear premium is shrinking, not gone.

Senator Richard Blumenthal opened a preliminary inquiry in February 2026 after reporting on alleged sanctions exposure related to Iran and Russia.

Reports also noted that, in late February 2026, a federal judge refused Binance's attempt to force certain customer-loss claims into arbitration.

And on Mar. 6, Reuters reported that Binance and Zhao had won dismissal of a lawsuit by victims of 64 attacks, but the judge allowed the plaintiffs to amend the complaint.

In February 2025, Binance and the SEC jointly requested a pause in the agency's case as Trump's crypto policy took shape. In May 2025, the SEC dismissed the case with prejudice and said the move was appropriate “in the exercise of its discretion and as a policy matter,” not because the merits had been fully vindicated.

Also in May, Trump-linked USD1 would be allegedly used to close MGX's $2 billion Binance investment. In October 2025, Trump pardoned CZ.

The WSJ lawsuit now sits atop that sequence.

EventWhat happenedWhy it changed the Binance risk readFeb. 2025Binance and the SEC jointly sought a pause in the agency’s caseSuggested a softer US policy posture might be emergingMay 2025The SEC dismissed its civil case against Binance with prejudiceLowered the perceived civil-enforcement overhangMay 2025Trump-linked USD1 was reportedly used in MGX’s $2 billion Binance investmentTied Binance more closely to Trump-adjacent crypto networksOct. 2025Trump pardoned CZReinforced the idea that Washington risk may be lower than beforeFeb. 2026Sen. Richard Blumenthal opened a preliminary inquiryShowed the fear premium is shrinking, not goneLate Feb. 2026A federal judge refused Binance’s attempt to force certain customer-loss claims into arbitrationConfirmed that legal vulnerability remains realMar. 6, 2026Binance and Zhao won dismissal of a lawsuit by victims of 64 attacks, but plaintiffs were allowed to amendNot a full all-clear; litigation risk still lingersMar. 11, 2026Binance sued WSJ / Dow JonesThe same old tactic now lands inside a different, more politically favorable backdropThe clean investor takeaway is that the fear premium around Binance may be shrinking. For years, damaging headlines about Binance were often read as possible preludes to a fresh regulatory shock.

If Washington now looks less hostile, then the same headlines may no longer trigger the same fear response. That matters for competitor positioning, headline sensitivity, and how the market prices Binance's legal noise.

The lawsuit itself fits that interpretation. A company that still sees itself as maximally exposed tends to play defense. Binance instead escalated into open legal combat with one of the world's most influential financial publications.

Despite not proving insulation, it suggests Binance believes the downside of fighting back is lower than it used to be.

The political read layers onto scaleThe political angle should not swallow Binance's actual business strength.

Binance remains the dominant centralized exchange by spot volume: CoinGecko said it held 38.3% of total spot volume in December 2025 and 39.2% of top-10 CEX spot volume for full-year 2025.

In February 2026, Binance served about 300 million users and held roughly $44 billion in Bitcoin in customer wallets.

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A friendlier political read may be to layer on scale and liquidity rather than replace them.

The visible conflict is between Binance and the WSJ, while the deeper conflict is between two narratives about the company. The old narrative cast Binance as a permanently vulnerable regulatory target.

The newer one says the exchange may now be operating in a friendlier US climate, where scale, global relevance, and Trump-adjacent crypto overlap reduce the market impact of hostile coverage.

The market may be seeing the same playbook play out in a friendlier US regime.

Forward scenariosThe bull case for this new Binance clash is that the market increasingly concludes that the old US crackdown template no longer lands the same way on Binance.

The SEC dismissal, the pardon, and the reportedly Trump-linked USD1/MGX overlap fit into a broader narrative that Binance is less liable than before.

In that case, the WSJ suit looks less like defensiveness and more like incumbent confidence.

The bear case is that investors overread the friendliness. The Iran-related controversy, congressional scrutiny, or civil litigation reminds the market that Binance still has real legal vulnerability.

In that scenario, the WSJ lawsuit gets reinterpreted as overreach, and the supposed shrinkage in fear premium reverses.

The black swan is that a formal US sanctions or national security action emerges from the Iran-related reporting. Then the whole “friendlier backdrop” thesis flips from support to liability because the market would suddenly relearn that political narratives do not neutralize hard enforcement when national security is at stake.

ScenarioWhat investors assumeHow the WSJ lawsuit gets readMarket consequenceBull caseThe old US crackdown template no longer lands the same way on BinanceThe lawsuit reads as confidence and incumbent strengthBinance’s fear premium shrinks furtherBase caseWashington is friendlier, but Binance is still exposed to some real legal riskThe lawsuit reads as aggressive but manageableHeadline panic weakens, but some enforcement discount remainsBear caseInvestors overread the friendliness and underestimate remaining legal vulnerabilityThe lawsuit reads as overreachBinance’s enforcement discount widens againBlack swanIran-related reporting leads to formal US sanctions or national-security actionThe lawsuit looks reckless in hindsightThe political-insulation thesis breaks and risk gets repriced sharplyThe investor question is “Why might the same move create less fear this time?”

For years, the “Binance discount” was simple: any damaging headline could be read as the prelude to another major enforcement blow.

That transmission mechanism may be weakening. If investors increasingly think the old crackdown playbook no longer lands the same way, then bad headlines lose some of their panic power, Binance's enforcement discount shrinks, and competitors that benefited from “Binance fear” lose some of their relative advantage.

Binance suing the press is old behavior. The market may be reading it through a softer US policy backdrop as the new part.

What makes this WSJ clash worth watching is whether the same old tactic now hits investors through a different lens. One where Washington looks less like a threat and more like uncertain terrain that Binance feels confident enough to navigate aggressively.

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