Market Signal Briefing

IREN Ltd (NASDAQ:IREN) stock has surged more than 50% since late September when the company announced a game-changing purchase of GPUs that catapulted it into the spotlight of the AI cloud computing boom.

IREN stock slipped on Friday. See the details here. 
Massive GPU Purchase On Sept. 22, IREN announced its transformative acquisition of 12,400 GPUs — including NVIDIA Corp. (NASDAQ:NVDA) cutting-edge Blackwell and Hopper chips — as part of a $674 million deal. 

Read Next: Datavault AI Stock’s Face-Melting 720% Rally—What To Know

The ambitious expansion doubled IREN's AI cloud capacity and attracted serious attention from investors. 

The upgraded hardware positioned the company to meet surging demand for high-performance computing, allowing it to offer compute capacity to some of the biggest names in artificial intelligence.​

Aggressive Revenue TargetsBy early October, IREN had already secured customer contracts for 11,000 of its new GPUs — representing about $225 million in annualized recurring revenue (ARR) — many of which are expected to be operational by the end of 2025. 

The company is targeting $500 million in ARR from its AI cloud segment by the end of the first quarter of 2026. 

Stock Performance Since SeptemberSince IREN's massive late-September GPU purchase, the stock price experienced an explosive climb from around $42 to a new high of $70.05 on Friday before pulling back. 

The trend reflects exceptional momentum and growing investor conviction in IREN's identity as an AI infrastructure leader.​

Read Next: 

Rigetti Vs. Infleqtion: Citron Weighs In On Quantum ‘Raging Bulls’
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HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) executive chairman Frank Holmes talked with Proactive about the company’s record September results and continued growth following the recent Bitcoin halving.

Holmes explained that Hive Digital produced 267 Bitcoin, up from 112 a year earlier, while Bitcoin’s price doubled from around $60,000 to $120,000.

Proactive: Welcome back inside our Proactive newsroom. Joining me now is Frank Holmes, the Executive Chair of Hive Digital Technologies. Frank, it’s good to have you back again. How are you?

Frank Holmes: I’m feeling fantastic today. I see that the press release really excited investors.

You’re talking about your September 2025 numbers, and again, Frank, this just shows the power of Bitcoin mining—it continues to be strong.

I think what’s really important is that Hive is a turbocharged, dual-engine data center business. It’s not just about Bitcoin mining and building out those data centers. It’s also about high-performance computing and building out sovereign data centers in Canada. Those two engines are now making investors take another look at the business.

If you look at the broader sector, data centers trade at around 20 times EBITDA, and here’s Hive trading at five times EBITDA. I think we’re going through that rerating. Every time we hit a new Exahash level, we’ve reported it, because it’s a material increase—now almost $20 million in additional annual revenue. We still have more Exahash capacity to build over the next three months.

You saw a 130% increase year over year compared to Bitcoin operations in September 2024. It seems that both parts of your business are performing very strongly.

Yes, exactly. A year ago, after the halving, we produced 112 Bitcoin when the price averaged around $60,000. Now it’s $120,000, and we’ve produced 267 Bitcoin. So not only are we expanding our production, but the Bitcoin price has doubled. That’s really positioned us strongly—today we’re doing over $1 million in revenue a day, and we account for about 2% of the global Bitcoin network.

Talk to me a little about the work going on in Venezuela. You mentioned progress in your news release on the build-out there.

As fast as machines and equipment arrive from Asia, we plug them in. For Bitcoin mining, it takes about six hours to unpack and connect a machine. But when it comes to high-performance computing for AI using Nvidia chips, it takes about six weeks to rebuild because you’re effectively building a brain. That’s the difference—it’s much more complex. But both revenue models remain very robust.

Lastly, renewable hydroelectric energy continues to be central to your operations.

Yes, renewable energy is really the heart of our story. We stay focused on sourcing renewable power as we grow. We’re seeing more opportunities in Paraguay, where the government supports the Bitcoin ecosystem. That ecosystem is a stepping stone to high-performance computing by hyperscalers. In the U.S., for example, Bitcoin miners have already been converting flare gas, wind farms, and solar energy sites into AI and data-center operations. It’s a huge growth opportunity.

Quotes have been lightly edited for clarity and style

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RENO, Nev.--(BUSINESS WIRE)--CIBL, Inc. (“CIBL” or the "Company"; OTC Pink®: CIBY) is privileged to announce that Gary L. Sugarman has been elected as a director of CIBL.

Gary L. Sugarman presently serves as a director of LICT Corporation (“LICT”) a publicly traded telecom company. Principal of Richfield Associates FL, Inc., a private equity fund he founded in 1993, that focused on telecom and technology, until December 2023. An advisor for Morrison and Co., an infrastructure fund based in New Zealand from April 2021 through April 2023. Mr. Sugarman joined the Board of Fiberlight Inc, an enterprise fiber company based in Dallas in April 2023. Mr. Sugarman joined the Board of MachTen, Inc (“MACT”) a publicly traded company spun-off from LICT in 2023. In addition, Mr. Sugarman served as a director of Telephone and Data Systems, Inc., a public telecommunications company with both wireless and wireline operations, from September 2009 until his resignation on January 3, 2022. He was on the board of Otelco, a publicly traded company (“OTEL”) that operates telecom operating companies, from 2013 until May 2020; OTEL was acquired and taken private in 2021. He was previously, from December 2007 until August 2010, Executive Chairman/Investor - Veroxity Technology Partners, an enterprise fiber provider in Boston. He also served as Chairman and Chief Executive Officer of a facilities-based telecommunications company he co-founded in 1994, Mid Maine Communications, until its sale in late 2006.

To the extent this release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, it should be recognized that such information is based upon assumptions, projections and forecasts, including without limitation business conditions and financial markets, and the cautionary statements set forth in documents filed by CIBL on its website, www.ciblinc.com. Thus, such information is subject to uncertainties, risks and inaccuracies, which could be material, and there can be no assurance that such information will prove to be accurate.

CIBL is a holding company with interests in broadband operations. CIBL is listed on OTC Pink® under the symbol CIBY and information can be obtained on our website: www.ciblinc.com.

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Market Domination anchor Josh Lipton breaks down the latest market action for Oct. 10, 2025 Markets reacted swiftly to the President's threats to increase tariffs on China. Clear Bridge Investments head of market strategy Jeff Schulze discusses buying the dip, what areas investors should consider, and market risks if US-China trade tensions intensify.

By Reuters

October 10, 20258:52 PM UTCUpdated ago

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Oct 10 (Reuters) - Corporate travel and expense company Navan said on Friday it was targeting to raise as much as $960 million in its initial public offering in the United States.

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The yield on the 10-year note ended October 10, 2025 at 4.05%. Meanwhile the 2-year note ended at 3.53% and the 30-year note ended at 4.63%.

The chart below overlays the daily performance of several Treasury bonds, starting from the pre-recession equity market peaks, along with the Federal Funds Rate (FFR) since 2007.

This next table shows the highs and lows of yields and the Federal Funds Rate (FFR) since 2007.

A Long-Term Look at the 10-Year Treasury Yield
Here is a long-term view of the 10-year yield starting in 1965, well before the 1973 oil embargo that triggered the era of ‘stagflation’ (economic stagnation coupled with inflation)

Inverted Yield Curve
An inverted yield curve is when longer-term Treasury yields are lower than their shorter term counterparts. The next chart displays the latest 10-2 spread. Typically, the spread turns negative for a period before rising again prior to recessions, as illustrated in the four recessions shown on this chart. For this reason, the 10-2 spread is widely considered a reliable leading indicator for recessions. The lead time between a negative spread and the onset of a recession varies, with recessions beginning anywhere from 18 to 92 weeks after the spread goes negative.

One false positive is seen in 1998, where the spread briefly went negative without leading to a recession. In the case of the 2009 recession, the spread went negative multiple times before rising again. Most recently, the spread was continuously negative from July 5, 2022, to August 26, 2024. The last time the spread was negative was on September 5, 2024.

If we consider the first negative spread date as the starting point, the average lead time to a recession is 48 weeks, or about eleven months. If we instead use the last positive spread date before a recession, the average lead time is 18.5 weeks, or about 4.25 months.

For another perspective on the yield curve, the 10-3mo spread below uses an even shorter-term maturity. The lead time to recessions based on this spread (after it turns negative) ranges from 34 to 69 weeks. Like the 10-2 spread, we see the same false positive in 1998, as well as multiple instances of the spread turning negative before rising again ahead of the 2009 recession. Recently, the spread was negative from October 25, 2022 to December 12, 2024. Since February 26th the spread has swung back and forth from positive to negative territory.

If we consider the first negative spread date as the starting point, the average lead time to a recession is 48 weeks, or about eleven months. If we instead use the last positive spread date after the spread had been negative, the average lead time is 13 weeks, or about three months.

The 30-Year Fixed Rate Mortgage
The Federal Funds Rate influences the cost of borrowing for banks. When the Fed increases this rate, banks often raise their lending rates, which can impact mortgage rates, among other things. Therefore, a rising FFR generally leads to higher mortgage rates, and vice versa. However, this was not the case recently when the Fed began their rate cutting cycle in September and mortgage rates moved in the opposite direction. With that said, mortgage rates have recently been on the decline while the Fed has held rates steady. The latest Freddie Mac Weekly Primary Mortgage Market Survey put the 30-year fixed rate at 6.30%.

Now let’s see the 10-year against the S&P 500 with some notes on Federal Reserve intervention. Fed policy has been a major influence on market behavior.

For a long-term view of weekly Treasury yields, also focusing on the 10-year, see our latest Treasury Yields in Perspective update.

ETFs associated with Treasuries include: Vanguard 0-3 Month Treasury Bill ETF (VBIL), Vanguard Intermediate-Term Treasury ETF (VGIT), and Vanguard Long-Term Treasury ETF (VGLT).

Originally published on Advisor Perspectives

For more news, information, and strategy, visit the Fixed Income Content Hub.

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, /PRNewswire/ -- The Board of Directors of The AES Corporation (NYSE: AES) declared a quarterly common stock dividend of $0.17595 per share payable on November 14, 2025 to shareholders of record at the close of business on October 31, 2025.

Additional information regarding dividends paid by AES, including tax treatment, can be found on www.aes.com by selecting "Investors" then "Stock Information" and then "Dividend History."

About AES

The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we're improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today. For more information, visit www.aes.com.

Safe Harbor Disclosure

This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, those related to future earnings, growth and financial and operating performance. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES' current expectations based on reasonable assumptions. Forecasted financial information is based on certain material assumptions. These assumptions include, but are not limited to, our expectations regarding accurate projections of future interest rates, commodity price and foreign currency pricing, continued normal levels of operating performance and electricity volume at our distribution companies and operational performance at our generation businesses consistent with historical levels, as well as the execution of PPAs, conversion of our backlog and growth investments at normalized investment levels, and rates of return consistent with prior experience.

Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in AES' filings with the Securities and Exchange Commission (the "SEC"), including, but not limited to, the risks discussed under Item 1A: "Risk Factors" and Item 7: "Management's Discussion & Analysis" in AES' 2024 Annual Report on Form 10-K and in subsequent reports filed with the SEC. Readers are encouraged to read AES' filings to learn more about the risk factors associated with AES' business. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except where required by law.

Any Stockholder who desires a copy of the Company's 2024 Annual Report on Form 10-K filed March 11, 2025 with the SEC may obtain a copy (excluding the exhibits thereto) without charge by addressing a request to the Office of the Corporate Secretary, The AES Corporation, 4300 Wilson Boulevard, Arlington, Virginia 22203. Exhibits also may be requested, but a charge equal to the reproduction cost thereof will be made. A copy of the Annual Report on Form 10-K may be obtained by visiting the Company's website at www.aes.com.

Website Disclosure

AES uses its website, including its quarterly updates, as channels of distribution of Company information. The information AES posts through these channels may be deemed material. Accordingly, investors should monitor our website, in addition to following AES' press releases, quarterly SEC filings and public conference calls and webcasts. In addition, you may automatically receive e-mail alerts and other information about AES when you enroll your e-mail address by visiting the "Subscribe to Alerts" page of AES' Investors website. The contents of AES' website, including its quarterly updates, are not, however, incorporated by reference into this release.

Press Release

Investor Contact: Susan Harcourt 703-682-1204, [email protected]
Media Contact: Amy Ackerman 703-682-6399, [email protected]

SOURCE The AES Corporation

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October 10, 2025 5:00 PM EDT | Source: Numinus Wellness Inc.
Vancouver, British Columbia--(Newsfile Corp. - October 10, 2025) -  Numinus Wellness Inc. (TSX: NUMI) (OTCQB: NUMIF) ("Numinus" or the "Company"), a mental health care company focused on innovative behavioral health treatments with a focus on safe, evidence-based psychedelic-assisted therapies, announces that Davidson & Company LLP ("Davidson") has resigned as the Company's independent auditor of its own initiative, and that MNP LLP ("MNP") has been engaged as the Company's new independent auditor. Regardless of the change, the audit of the Company's financial statements for the year ended August 31, 2025, is on track to be completed by MNP by the end of November 2025.

The reports of Davidson for all financial years for which it acted as auditor (i.e. for the years ended August 31, 2024, August 31, 2023, August 31, 2022, August 31, 2021 and August 31, 2020) did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. There were no reportable events (as defined in National Instrument 51-102) in connection with the service of Davidson as auditor of the Company.

The change of independent auditor for the Company has been considered and approved by its Audit Committee and its Board of Directors.

The Company continues to be in the process of lifting the foregoing cease trade order and relisting on another reputable exchange.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269993

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of aTyr Pharma, Inc. (NASDAQ: ATYR) between January 16, 2025 and September 12, 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 December 8, 2025.

So what: If you purchased aTyr Pharma 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 aTyr Pharma class action, go to https://rosenlegal.com/submit-form/?case_id=46109 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 December 8, 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. 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 complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating false and misleading statements and/or concealing material adverse facts concerning the efficacy of Efzofitimod, particularly, the drug's capability to allow a patient to completely taper their steroid usage.

When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the aTyr Pharma class action, go to https://rosenlegal.com/submit-form/?case_id=46109 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
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

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Broadcom Today

$324.63 -20.39 (-5.91%)

As of 04:00 PM Eastern

52-Week Range$138.10▼

$374.23Dividend Yield0.73%

P/E Ratio82.81

Price Target$357.22

Since reaching its all-time high closing price of nearly $369 on Sept. 10, shares of semiconductor giant Broadcom NASDAQ: AVGO have cooled off, sliding 6% from that peak.

However, this didn’t stop one Wall Street analyst from matching Broadcom’s most bullish price target.

Below, we’ll review recent price target data around Broadcom.

We’ll also provide perspective on an emerging opportunity: co-packaged optics (CPO).

It could become an important driver of growth long-term, providing further support to AVGO’s investment thesis.

KeyCorp Analyst Joins Broadcom’s +$400 Price Target Club
On Sept. 30, KeyCorp analyst John Vihn became the latest forecaster to move his Broadcom price target above the $400 mark. Vihn raised his target on Broadcom by 5% from $400 to $420. Vihn’s target is now tied with the most bullish ever tracked by MarketBeat. Analyst Arthur Lai notably placed a $420 price target on AVGO two weeks prior. Additionally, the number of analysts with price targets above $400 moved from two to three. Clearly, analysts continue to become increasingly bullish on Broadcom shares, with multiple coalescing around targets over $400. Vihn and Lai's targets imply very significant upside in AVGO shares of approximately 22%.

Still, their targets stand in stark contrast to the MarketBeat consensus forecast of around $357. This figure implies only around 3.5% upside in AVGO shares. However, there is a happy medium between these numbers. Among price targets updated after Broadcom’s Sept. 4 earnings release, the average target is $384, implying a solid upside of 11.3%.

Ultimately, this is the best gauge of overall analyst sentiment on Broadcom. It incorporates the company’s most recent financial data and accounts for different interpretations of it. While this level of upside potential isn’t striking, it is encouraging for a large stock that has performed extremely well.

Long-term Potential: Co-Packed Optics May Be Broadcom’s Next Frontier
Price targets can provide perspective on where a stock might go in the near term. However, staying aware of long-term opportunities is just as important. The ability to create long-term growth is one of the reasons it is so difficult to bet against Magnificent Seven stocks. Their massive cash flows allow them to invest in technologies that may not help them today, but could be huge in the future. This helps their share prices keep rising over time, even if certain parts of their business start to decline.

Over the last 12 months, Broadcom generated $25 billion in free cash flow, ranking in the top ten among all U.S. stocks. This clearly gives the firm an outsized ability to invest in emerging growth areas.

Broadcom MarketRank™ Stock AnalysisOverall MarketRank™99th Percentile

Analyst RatingBuy

Upside/Downside6.9% Upside

Short Interest LevelHealthy

Dividend StrengthStrong

Environmental Score-1.47

News Sentiment1.42 Insider TradingSelling Shares

Proj. Earnings Growth18.59%

See Full Analysis

One of these areas is co-packaged optics (CPOs). CPOs are a form of semiconductor interconnect; a piece of hardware that connects a chip to a cable. Currently, most semiconductor interconnects are copper-based. This limits bandwidth and cable length, while also requiring more power and cooling. Optical interconnects, which transmit data through light rather than electricity, mitigate these issues. As artificial intelligence (AI) data centers grow larger and more complex, optical interconnects are likely to see a significant increase in demand. It may not take too long for that demand to materialize. CEO Hock Tan believes AI data centers will begin moving to optical interconnects “in a year or two."

Optical interconnects can either be removable pieces of equipment (pluggable) or directly integrated on a chip. Direct integration is what makes the optics "co-packaged." Hock Tan describes CPOs as “a dream" in the sense that they are the ultimate form of semiconductor interconnects. This is because CPOs use 65% less power than pluggable optics, which already offer big improvements over copper. However, optical connections historically have 5% to 8% failure rates. This makes integrating them into a chip highly risky. If the connection fails, one might have to replace an entire $40,000 chip, rather than simply replacing the pluggable interconnect.

However, in a recent test at Meta Platforms NASDAQ: META, Broadcom's CPO technology demonstrated one million link hours without a connectivity disruption. Converge Digest says this test and other data “highlight a turning point for CPO reliability, positioning it as a viable solution for hyperscalers." This is a significant win for Broadcom as it looks to capitalize on the opportunity is CPOs.

Bullish Outlook for AVGO Carries On
Overall, analyst price targets on Broadcom continue to see upside. The company’s opportunities through AI semiconductors and VMware are plentiful. Additionally, evidence suggests that CPO technology could emerge as a new growth driver for Broadcom over the coming years.

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Bitcoin is entering a critical phase, preparing for a decisive move that could shape its short-term trajectory. After weeks of volatility and record-breaking highs, BTC now faces an important test — it must either reclaim its previous all-time highs and start a new phase of price discovery or continue its correction to establish a stronger base around current levels.

The cryptocurrency market is giving mixed signals, with Bitcoin (BTC) and Ethereum (ETH) marginally down, while Ripple (XRP) and Dogecoin (DOGE) are in positive territory. BTC lost momentum on Thursday and dipped below $122,000, falling to a low of $119,892 before recovering and moving to current levels. The flagship cryptocurrency is marginally down over the past 24 hours, trading around $121,325. Meanwhile, ETH is down 0.50%, trading around $4,330. 

Ripple (XRP) has bucked the bearish trend, marginally up, trading around $2.81, while Solana (SOL) is down almost 1%, trading around $218. Dogecoin (DOGE) is up nearly 2%, while Cardano (ADA) is up almost 1%, trading around $0.813. Chainlink (LINK) registered substantial bullish momentum over the past 24 hours, up 4%, while Stellar (XLM) rose over 2% to trade around $0.382. Hedera (HBAR) and Polkadot (DOT) have also registered notable increases, while Toncoin (TON) is down almost 1%, trading around $2.70. However, Litecoin (LTC) has been extremely bullish over the past 24 hours, and is up nearly 12% at $129. 

UK’s Biggest Investment Platform Issues Stark Bitcoin (BTC) Warning Hargreaves Lansdowne, the UK’s biggest retail investment platform, has issued a warning to investors hoping to take advantage of a relaxation in crypto rules, stating that cryptocurrencies should not be in your portfolio. The UK recently lifted a longstanding ban on retail investors accessing crypto exchange-traded notes (ETNs). ETNs are debt instruments linked to one or more specified assets. The change led to a warning from Hargreaves Lansdowne, urging investors to be cautious. 

The investment platform criticized BTC, stating it was not an asset class and should not be included in portfolios. 

“The HL Investment view is that bitcoin is not an asset class, and we do not think cryptocurrency has characteristics that mean it should be included in portfolios for growth or income and shouldn’t be relied upon to help clients meet their financial goals. Performance assumptions are not possible to analyze for crypto, and unlike other alternative asset classes, it has no intrinsic value.”

The UK government lifted the ban on ETNs earlier this year, stating that the move would support growth and competitiveness within the UK crypto industry. The crypto sector hailed the move as a breakthrough. 

Vietnam, Tether May Collaborate To Promote Crypto Adoption Stablecoin giant Tether may collaborate with local Vietnamese enterprises to foster local crypto adoption. Marco Dal Lago, Tether Group’s vice president for global expansion and strategic partnerships, called Vietnam one of Tether’s most promising and strategic markets. Lago highlighted Vietnam’s dynamic economy, remittance inflows, and young population during a conversation with Vietnam’s Deputy Prime Minister Ho Duc Phoc, stating, 

“Tether is willing to share its experience in building a legal framework for transactions to attract external resources and support the national economic growth.”

Phoc stated that Vietnam is keen to create a professional platform for investors and attract financial resources. The Deputy Prime Minister also discussed Vietnam’s experiments with crypto trading, allowing Vietnamese companies to issue tokens and sell them to foreign investors. Phoc stated, 

“Following the pilot phase, once stability is ensured, a comprehensive legal framework will be introduced to regulate the market.”

Phoc stressed that despite the country’s approval of crypto trading, the sector has several risks. 

“Therefore, Vietnam wants to learn from the experiences of other countries. This will be a professional ‘playground’ for investors and people, and at the same time a channel to attract financial resources, contributing to the country’s economic development.”

Roger Ver Reaches Agreement With DOJ Roger Ver has reached a deal with the Department of Justice (DOJ) to have his tax evasion case dropped. Ver was arrested in April 2024 and charged with mail fraud, tax evasion, and filing false tax returns. According to sources familiar with the developments, Ver agreed to pay $48 million to end the tax fraud case. Ver was arrested in Spain after US authorities reached out to their Spanish counterparts. Authorities claimed that Ver sold Bitcoin in 2017, but failed to inform the IRS about the gains he made, causing a purported loss of $48 million. Ver failed to report the gains even though the BTC was held by US corporations, which he was in charge of. The United States Department of Justice has not commented on the developments at the moment.

Ver is popularly called “Bitcoin Jesus” because he used to give away the cryptocurrency for free when it was worth next to nothing. He also heavily invested in some of the crypto industry’s earliest companies. However, Ver abandoned Bitcoin and began promoting Bitcoin Cash, calling it the “real Bitcoin.” He also clashed with several Bitcoin maximalists for his aggressive marketing and positions on Bitcoin Cash. Ver renounced his US citizenship in 2014 and is a citizen of the tax haven St. Kitts and Nevis. 

Bitcoin (BTC) Price Analysis Bitcoin (BTC) is marginally down during the ongoing session, trading around $121,522. The flagship cryptocurrency is struggling to gain momentum and has spent the week settling at lower highs. BTC fell almost 3% on Tuesday before recovering on Wednesday and settling at $123,343. Selling pressure returned on Thursday as the price fell to an intraday low of $119,713. However, it recovered to reclaim $120,000 and settle at $121,714, ultimately dropping 1.32%. 

Despite struggling after setting a new all-time high, analysts believe BTC could resume its bullish surge. According to analysts, the flagship cryptocurrency is clear of overbought conditions and could track a steady path upwards, potentially setting another all-time high. CryptoQuant contributor Arab Chain stated that BTC’s new all-time high places it halfway through its four-year price cycle. 

“Bitcoin (BTC) hit a peak high of over $126,000 on Monday, which places it roughly halfway through its four-year price cycle. Despite this strong performance, technical indicators suggest the price is still moving within a stable range far from the overbought conditions that typically precede historical peaks.”

The analyst stated that BTC is in a phase of balanced upward momentum, with its 30-day moving average sitting just under $116,000. Bitcoin’s 30-day standard deviation was also on the lower side, indicating a reduction in volatility, a scenario that typically occurs before strong price action. The CryptoQuant contributor stated that BTC tends to reach its cycle peak around 600 days after halving events. If the pattern continues, BTC could be within the critical window that has previously led to bull market tops. 

Technical indicators point to further strength after Bitcoin formed a double-bottom pattern on its daily chart. The pattern is marked by two lows at roughly the same price between a sharp rally, and is generally viewed as a bullish signal.

Meanwhile, Bitwise Chief Investment Officer Matt Hougan believes spot Bitcoin ETF inflows will surge during the fourth quarter. Hougan stated that BTC’s surging price will drive spot Bitcoin ETF inflows to record levels in Q4, allowing ETFs to pull in a record-breaking amount in 2025. Spot Bitcoin ETFs have registered over $22.5 billion in inflows so far this year. 

“Here’s a hot take: I’m not worried. From where I sit, the stars are aligned for a very strong Q4 for flows — more than enough to push us to a new record. Although it’s a bit counterintuitive, higher prices often spur greater demand for Bitcoin ETFs as the media, companies, and everyday investors pivot their attention to Bitcoin.”

BTC started the previous weekend with a marginal drop on Saturday before rising by over 2% on Sunday and settling at $112,197. Buyers retained control on Monday as the price rose almost 2% to cross $114,000 and settle at $114,365. Despite the positive sentiment, BTC fell to a low of $112,695 on Tuesday. However, it recovered from this level to settle at $114,067, ultimately registering a marginal decline. Bullish sentiment returned on Wednesday as BTC rallied, rising over 4% to cross $118,000 and settle at $118,659. Buyers retained control on Thursday as the price rose 1.65% to reclaim $120,000 and settle at $120,621. Bullish sentiment persisted on Friday despite volatility and selling pressure. As a result, BTC reached an intraday high of $123,996 before settling at $122,318.

Source: TradingView

Buyers retained control on Saturday as BTC registered a marginal increase and settled at $122,458. Bullish sentiment intensified on Saturday as BTC rallied, surging past $125,000 to a new all-time high of $125,559. However, it could not stay at this level and ultimately settled at $123,520. BTC surged to a new all-time high on Monday, crossing $126,000 to reach $126,296 before settling at $124,720. Despite strong bullish momentum, BTC retreated on Tuesday, falling nearly 3% and settling at $121,393. The price recovered on Wednesday, rising almost 2% to reclaim $123,000 and settle at $123,343. Selling pressure intensified on Thursday as BTC fell to an intraday low of $119,713 before reclaiming $120,000 and settling at $121,714. The price is marginally down during the ongoing session, trading around $121,451.

Ethereum (ETH) Price AnalysisEthereum (ETH) is struggling to build momentum after Thursday’s correction and is down almost 1% during the ongoing session. The altcoin fell over 5% on Tuesday and settled at $4,451. It recovered on Wednesday, rising nearly 2% but was back in the red on Thursday, dropping to a low of $4,273 before settling at $4,368.

According to analysts, ETH is testing a major support level as US spot Ethereum ETFs recorded their first net outflows in over a week, ending an eight-day inflow streak. Despite the drop in prices, spot trading activity remains strong, recording over $40 billion in the past 24 hours. Meanwhile, derivatives data showed a mixed setup. ETH futures trading volumes rose 21% to $93.6 billion, while open interest fell 0.82% to $59 billion, indicating traders are taking profits but keeping positions open.

Spot Ethereum ETFs registered their first outflows in over a week with $8.54 million in outflows on October 9. However, BlackRock’s ETHA ETF still posted $39 million in inflows. However, major withdrawals from Fidelity and Bitwise put the overall total in negative territory. The outflows came as investors rotated capital back to BTC. As a result, Bitcoin ETFs registered $198 million in inflows on the same day. However, Ethereum ETFs have registered strong institutional interest, recording over $1.3 billion in net inflows during the first week of October.

Analysts believe ETH’s current setup points to consolidation as opposed to a decline. The RSI is close to neutral levels while the MACD remains positive.

However, one cause for alarm is a record $10 billion worth of ETH queued in Ethereum’s validator exit queue, as stakers look to withdraw their funds from the network. Validators looking to exit the network are facing an average wait time of 42 days.

ETH started the previous weekend in the red, registering a marginal decline on Saturday. Price action turned bullish on Sunday as ETH rose over 3% and settled at $4,144. Buyers retained control on Monday as the price rose nearly 2% and settled at $4,217. Despite the positive sentiment, ETH was back in the red on Tuesday, dropping almost 2% to $4,145. Bullish sentiment returned on Wednesday as the price rose 4.92% to cross $4,300 and settle at $4,349. Buyers retained control on Thursday as ETH rose over 3% to $4,486. The price faced volatility on Friday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as ETH rose $0.56% to reclaim $4,500 and settle at $4,512.

Source: TradingView

Price action was mixed over the weekend. ETH fell 0.54% on Saturday and reached an intraday high of $4,616 on Sunday as bullish sentiment intensified. However, it could not stay at this level and settled at $4,515, ultimately rising 0.62%. ETH continued rising on Monday, reaching an intraday high of $4,738 before settling at $4,687. The selling pressure returned on Tuesday as the price fell by over 5% and settled at $4,451. ETH recovered on Wednesday, rising 1.68% and settling at $4,525. The selling pressure returned on Wednesday as the price fell by over 3% to $4,368. Sellers have retained control during the ongoing session, with ETH down nearly 1% at $4,341.

Solana (SOL) Price AnalysisSolana (SOL) is struggling to stay above $220, with the price marginally down during the ongoing session. The altcoin dropped substantially on Tuesday, falling to $220. However, it recovered on Wednesday, rising over 4% and settling at $229. Selling pressure returned on Thursday as SOL fell over 3% to a low of $217, before settling at $221.

While SOL’s price is struggling thanks to the downturn in the broader market, it has consolidated around the $220 mark. Meanwhile, Solana’s ecosystem is going from strength to strength and showing impressive growth. According to data from Token Terminal, the total value locked (TVL) on Solana has crossed $42 billion. The jump in TVL is largely driven by Circle, which is minting USDC on the network. On-chain data has revealed that 50% of all USDC transfers are happening on Solana. The network’s rising TVL highlights the growing adoption of applications being built on the network. Investors are also waiting for the SEC’s decision on Solana ETF applications. A decision is expected to be made on October 10.

SOL started the previous weekend in the red, registering a drop of almost 1%. However, it recovered on Sunday, rising 3.58% to settle at $210. Buyers retained control on Monday despite selling pressure as SOL rose 0.92% to $212. Despite the positive sentiment, SOL lost momentum on Tuesday, dropping over 2% to a low of $204, before settling at $208. Bullish sentiment returned on Wednesday as the price rallied, rising over 6% to reclaim $220 and settle at $222. Buyers retained control on Thursday as SOL rose nearly 6% to cross $230 and settled at $234.

Source: TradingView

However, SOL lost momentum on Friday, dropping 0.86% to $232. Sellers retained control on Saturday as the price fell by over 2% and settled at $227. SOL reached an intraday high of $237 on Sunday as markets rallied. However, it could not stay at this level and settled at $228, ultimately rising 0.35%. Buyers retained control on Monday as SOL reached an intraday high of $237 before settling at $232. Despite the positive sentiment, the price lost momentum on Tuesday, falling over 5% and settling at $220. SOL recovered on Wednesday, rising over 4% to $229. The price returned to bearish territory on Thursday, dropping 3.51% to a low of $217 before settling at $221. SOL is marginally down during the ongoing session, trading around $220.

Celestia (TIA) Price AnalysisCelestia (TIA) started the previous week in bearish territory, dropping 0.92% on Monday. Sellers retained control on Tuesday as the price fell 1.97% to a low of $1.342 before settling at $1.379. Despite the overwhelming selling pressure, TIA recovered on Wednesday, rising 5.49% and settling at $1.454. The price continued pushing higher on Thursday and settled at $1.503. TIA faced volatility and selling pressure on Friday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as the price registered a marginal increase.

Source: TradingView

TIA fell to an intraday low of $1.436 as selling pressure intensified. However, it rebounded from this level, rising 2.52% and settling at $1.542. Bearish sentiment returned on Sunday as the price fell almost 4% to end the weekend at $1.481. TIA started the current week on a bullish note, rising nearly 6% and settling at $1.565. Buyers lost momentum on Tuesday as the price fell over 7% and settled at $1.451. TIA recovered on Wednesday, rising 2.72% but was back in the red on Thursday, dropping to a low of $1.396 before settling at $1.449. The price is up 1.55% during the ongoing session, trading around $1.471.

Uniswap (UNI) Price AnalysisUniswap (UNI) started the previous week with a marginal increase before falling 1.81% on Tuesday and settling at $7.62. The price recovered on Wednesday, rising almost 6% to cross $8 and settle at $8.06. Buyers retained control on Thursday as UNI rose 3.67% and settled at $8.35. Despite the positive sentiment, UNI was back in the red on Friday, dropping 2.31% to $8.16.

Source: TradingView

Price action was mixed over the weekend as UNI fell 1.83% on Saturday before rising 0.48% on Sunday and settling at $8.05 after reaching an intraday high of $8.42. Buyers retained control on Monday as the price rose 3.64% and settled at $8.34. Despite the positive sentiment, UNI lost momentum on Tuesday, falling over 7% to $7.76. UNI was back in positive territory on Wednesday, but lost momentum on Thursday, dropping over 2% and settling at $7.87. The price reached an intraday high of $8.59 before settling at $8.14, ultimately rising 3.49%.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Crypto market analyst Javon Marks believes the Dogecoin price could be preparing for one of its biggest price jumps yet. He thinks this setup gives the coin a strong chance to rise much higher in the current bull market if the pattern continues to repeat as it has before. Marks explains that this pattern is not random but follows historical price data that has proven accurate over time. In his view, Dogecoin has built a reputation for repeating its market behavior during each major cycle. Every time the setup has formed, the price has responded by moving sharply higher. 

Javon Marks Highlights Dogecoin Price Consistent Fibonacci Pattern
In his analysis, Marks points out that Dogecoin has a perfect record of reaching its main Fibonacci target in the last two market cycles. In both of those cycles, the coin reached the 1.618 Fibonacci level, giving it a 100% success rate in hitting that price target.

He believes the same pattern is building again right now, which makes the chance of another significant move extremely high. According to his chart, if Dogecoin follows the same structure again, the price could rise about 800% from its current level. That would bring the coin to around $2.28, which matches the 1.618 Fibonacci level for this bull cycle.

Source: X
The pattern is once again forming in almost the same way it did before, which gives him confidence in the current setup. Based on this, he believes the coin could make a sharp move higher as the market continues to strengthen, just like it did in earlier bull runs.

Projection Points To Potential 3,690% Rally Toward $9.8
After further analyzing Dogecoin’s price chart, Javon Marks also provides a much bigger projection. He explains that if Dogecoin performs as strongly as it did in the last cycle, the price could go far beyond the $2.28 level. In that case, the next primary target would be around $9.8, which would mean a 3,690% increase from its current price.

Marks says this number is not random; it comes directly from comparing how much Dogecoin rose in earlier cycles to its current setup. In the past, the coin delivered massive percentage gains once it broke through its primary Fibonacci levels. 

According to Marks, the technical setup looks nearly identical to what the charts showed before Dogecoin’s previous massive rallies. If the coin once again delivers the kind of performance seen in the last bull run, the price could reach levels close to $9.8 or even higher.

If his analysis is correct, Dogecoin’s strong pattern could once again lead it to a massive rally, possibly reaching the $9.8 mark he projects, which would represent one of the most significant price surges in this bull cycle.

DOGE holds support above $0.24 | Source: DOGEUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com

Some analysts view the current correction as an opportunity.

The cryptocurrency market, which marked a new record earlier this week when the total capitalization hit $4.4 trillion, is in a free-fall state after the US President Donald Trump issued a warning against China.

Ethereum is among the poorest performers on a daily scale, losing nearly 6% of value. ETH has broken below $4,100, and it’s on its way to $4,000 for the first time in a few weeks. Its weekly losses are up to 10.6%, according to CoinGecko data.

Similar losses are evident from other larger-cap alts such as SOL and DOGE. Both are down by over 4.5% daily and struggle below $210 and $0.24, respectively.

Ripple’s XRP has fared slightly better on a 24-hour scale, losing a more modest 3%. However, it’s down by almost 11% in the past week and is currently testing a crucial support at $2.70.

Bitcoin led the charge south, dropping from over $121,000 to $119,000 at first after Trump’s statement against Beijing. However, its performance has only worsened since then, and it’s down to $117,000 as of press time. CW believes the first major buy wall is situated at $116,700, which could provide some support for the asset.

Altcoin Sherpa noted that if BTC closes below $117,600 weekly, it would be destined for another fall to $115,000.

Satoshi Flipper was more positive, indicating that today’s sell-off, which also extended in the broader financial markets, including the S&P 500, will simply increase the odds for two more interest rate cuts by the US Fed of 25 bps. As such, the analyst said the current correction is a “monster discount.”

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The liquidation data from CoinGlass is rather painful. The total value of wrecked positions has shot up to $900 million on a daily scale, as over 250,000 traders have been wrecked.

On today's episode of CNBC Crypto World, major cryptocurrencies fall to end the week as the government shutdown continues. Plus, Morgan Stanley broadens access to crypto investments to all clients.

The regulatory landscape for digital assets in the U.S. is evolving rapidly, with policymakers balancing innovation and investor protection ahead of the 2026 election cycle.

TLDR:

Pudgy Penguins partners with Nasdaq-listed Sharps to integrate NFTs with on-chain treasury strategies.
Sharps Technology adopts Solana-based treasury, raising $400M via PIPE financing led by Cantor Fitzgerald.
Partnership aims to boost institutional crypto adoption through Pudgy Penguins’ brand and treasury tools.
Pudgy Penguins leverages its NFT IP to connect retail and institutional users with digital asset systems.

Pudgy Penguins and Nasdaq-listed Sharps Technology have announced a partnership exploring the integration of NFTs with institutional-grade on-chain treasury tools. The collaboration intends to merge the cultural appeal of the Pudgy Penguins brand with Sharps’ Solana-based treasury system. 

According to Wu Blockchain, this effort seeks to enhance brand visibility while providing institutional investors with new ways to engage with digital assets. The project continues Pudgy Penguins’ evolution from a community NFT project to a multi-chain consumer brand. 

Both teams are emphasizing structured, on-chain mechanisms to connect retail and institutional users with their ecosystem.

Pudgy Penguins: NFT Expansion and Ecosystem Development
Launched in July 2021 on Ethereum, Pudgy Penguins began as an NFT collection with 8,888 avatars. The project gained attention for its distinct visual style and active community. 

In 2022, entrepreneur Luca Netz acquired the project and shifted its focus toward developing a global Web3 consumer brand. The team later introduced Pudgy World, a virtual interactive space, and expanded into physical products available at over 10,000 retail locations, including Walmart and Target.

In 2024, Pudgy Penguins released its ecosystem token, PENGU, designed with cross-chain functionality, staking rewards, and a deflationary structure. Official sources note that the token aims to strengthen the value of the Pudgy Penguins brand while providing governance tools for the community. 

Over time, the project has secured institutional backing and is gradually creating a multi-chain ecosystem that blends NFTs, physical retail products, and on-chain asset utilities.

Sharps Technology: From Medical Devices to Digital Asset Strategies
Sharps Technology, listed as STSS on Nasdaq, originally focused on medical devices and smart safety syringes. In 2024, the company shifted toward digital asset allocation, using its existing business model as a foundation to participate in on-chain strategies. 

By 2025, Sharps adopted the Solana Digital Asset Treasury Strategy and raised over $400 million through a PIPE financing round led by Cantor Fitzgerald, acquiring more than 2 million SOL.

The strategy has attracted institutional participants, including ParaFi, Pantera, Monarq, and FalconX. Sharps’ Solana-based treasury initiative has gained support from the Solana Foundation and positioned the company as a publicly listed leader in SOL-focused treasury allocation. 

According to Wu Blockchain, this move has enabled Sharps to combine traditional corporate resources with emerging digital asset frameworks.

The partnership between Pudgy Penguins and Sharps Technology will integrate Pudgy Penguins’ brand IP with STSS’s treasury system. Public statements indicate that this integration will expand interactive opportunities for both retail and institutional users. 

Sharps aims to leverage the cultural influence of Pudgy Penguins to increase awareness and engagement around its Solana treasury initiatives.

As Web3 adoption grows, the collaboration highlights the potential of blending NFT brands with structured on-chain finance tools. Both teams see value in connecting digital asset platforms with recognizable consumer IPs, creating new avenues for engagement, governance, and resource coordination. 

Wu Blockchain reports that the move signals growing intersections between culture-driven NFT projects and institutional crypto mechanisms.

BTC/USD Daily Chart (Binance) – Source: TradingView

This could be the beginning of a classic fakeout for BTC as the token rose to a new all-time high at $126,000, only to retreat sharply right after.

As a result, we could see BTC dropping to its trend line support at $111,000 first, and even lower to around $108K if the selling spree increases.

The latest wave of liquidations could be an early indicator of what’s to come, especially if market conditions deteriorate. The baseline scenario at this point was bullish as Powell had every reason to cut rates again, and sentiment was picking up.

However, Trump’s increasing rhetoric against China could spook market participants and trigger a much stronger sell-off.

The Relative Strength Index (RSI) has already sent a sell signal upon crossing below the 14-day moving average. When this happens, it indicates that the trend’s direction has changed and that bearish momentum is gaining steam.

Even if Trump imposes stronger tariffs on China, the rally may not be over as macroeconomic conditions continue to be favorable for crypto amid a weak U.S. dollar, growing institutional adoption, a pro-crypto leadership at the White House and regulatory agencies, and more.

Hence, this dip could be an opportunity for late buyers to enter a long position if they expect that the top crypto will continue its upward path for the rest of the year.

October got off to a hot start, but the historically strong month for Bitcoin and crypto prices—called "Uptober" by many investors—hit a roadblock Friday thanks to President Trump's trade war. And now prices are falling fast as liquidations pile up.

More than $1 billion worth of crypto positions have been liquidated over the last 24 hours, per data from CoinGlass, as crypto prices plunge alongside stocks following Trump's Friday morning declaration that "massive" tariffs against China are in the works.

Bitcoin plunged from a price above $122,000 Friday morning to about $116,200 recently, down 4% on the day, while Ethereum has fallen almost 8% to about $3,975 and Solana has dipped over 7% on the day to $205.

With those declines, Bitcoin has nearly erased all of its October gains, returning to a price last seen on October 1, while Ethereum and Solana both hit October lows on Friday per data from CoinGecko.

The Nasdaq is deep in the red Friday, down about 3%, while the S&P 500 has fallen about 2.3% and the Dow is down 1.6%.

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This year, Texas’ legislature passed a law to establish a strategic Bitcoin reserve in the state, opening the door for other cryptocurrencies in the future. According to the original sponsor of the bill, Ether could be the next reserve asset.

Speaking to Cointelegraph on Thursday, Texas state Senator Charles Schwertner discussed the implementation of the Bitcoin (BTC) reserve bill signed into law by Governor Greg Abbott in June. Though the text of the bill allows Texas to hold other cryptocurrencies in a “special fund outside the state treasury,” Bitcoin was the only one to meet the requirements at the time of passage.

“I’m really interested to see the speed at which they establish the reserve and how it acts from a returns standpoint,” said Schwertner. ”If Ethereum maintains its market cap over 24 months, I think it’s reasonable and prudent to give direction that Ethereum could be added to the cryptocurrency [reserve].”

Source: Charles SchwertnerUnder the law to establish and administer a Texas Strategic Bitcoin Reserve, for any cryptocurrency to qualify as a reserve asset, it must “have an average market capitalization of at least $500 billion over the most recent 24-month period.” Bitcoin, with a market capitalization of more than $2 trillion, meets this threshold. 

By comparison, Ether (ETH) has only maintained a market cap of more than $500 billion twice: for about a month in 2021 and off and on from August to October this year. On Friday, the price of ETH and its market cap dropped sharply, with the latter reaching about $494 billion at the time of publication.

How does Texas’ law differ from those passed in other states? While many US states have rejected or otherwise failed to advance similar bills establishing crypto reserves, Arizona and New Hampshire signed legislation into law in 2025. Arizona’s fund includes crypto seized through criminal forfeiture, while New Hampshire’s law allows the state’s treasury to use funds to invest in crypto with a market cap of more than $500 billion.

“We’re the only state that actually put sovereign money, taxpayer money, toward the reserve,” said Schwertner, adding: “We took the full punch [establishing] a reserve as well as the money behind it.”

According to the senator, the state comptroller is looking into the implementation of the law, including custodians for the reserve’s holdings. Under the conditions of the law, any custodian must be a “state or federally chartered financial institution” or other entity regulated in Texas.   

Texas’ law, as well as others under consideration, followed the federal government under US President Donald Trump establishing both a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile” in March. The executive order laid out policies to use confiscated crypto to fund the reserve, but officials later added that there were “budget-neutral ways” to buy BTC.

Magazine: ‘Help! My robot vac is stealing my Bitcoin’: When smart devices attack

Pepe outperforms the meme coin market as whales increase holdings, signaling bullish momentum and a potential breakout above key resistance levels.

Newton Gitonga2 min read

10 October 2025, 07:53 PM

Image: ShutterstockPepe has consolidated its position in the meme coin market, with larger peers performing worse since investors are demonstrating increasing confidence in its potential. The asset has been resilient in the face of increased whale traffic and anticipations of positive movements in the macroeconomic conditions. 

Whale Activity Strengthens Bullish OutlookPepe surged 2.5% on Monday, outpacing the CoinDesk Memecoin Index, which recorded a 2.24% gain over the same period. Blockchain analytics firm Nansen reported that the top 100 Pepe wallets increased their holdings by 4.18% over the past month, reaching a combined total of 307.6 trillion tokens.

Source: Nansen data

With markets anticipating another 50 bps in rate cuts before year-end, the macro backdrop continues to drive capital rotation into higher-risk assets like meme coins. Such monetary easing has historically redirected liquidity toward speculative assets, including meme coins. Pepe’s current accumulation trend aligns with this pattern, reinforcing its bullish outlook among major holders.

The token now trades near a crucial demand zone around $0.000009, which has served as a reliable bottom during its seven-month consolidation. Market observers describe this level as a potential “buy-the-dip” opportunity before a breakout, given its consistent history as a launchpad for upward momentum.

With markets anticipating another 50 bps in rate cuts before year-end, the macro backdrop continues to drive capital rotation into higher-risk assets like meme coins. This type of monetary easing has been historically associated with the redirection of liquidity to the speculative assets, such as meme coins. The trend of accumulation is still positive in Pepe, which supports its bullish perspective of the top holders.

At the time of writing, PEPE was trading at $0.000009306, up by about 0.48% for the past 24 hours.

Source: CoinMarketCap

Key Levels Define Pepe’s Next MoveThe price structure of Pepe is indicating that it is approaching to long term bullish pennant pattern. The token may have a rebound against the current levels and hit the major resistance area at $0.0000125.

This level has acted as a decisive trend confirmation level on the upward movements many times. A successful breakout above this level may initiate a 210% increase to the all-time high of $0.000029 that may lead to a possible price discovery.

As the U.S. interest rate easing is forecasted to continue into 2026 and more institutional funds are committed via exchange-traded funds, it is estimated that there is a potential 430% rally to $0.00005.

In case the $0.000009 support is broken down, there is a possible downside to the level of $0.0000055, which was a former base of support. The current setup of Pepe is thus at a debilitating crossroad hence the clash between whale confidence and short-term technical weakness.

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Newton Gitonga

Newton Gitonga covers cryptocurrencies, blockchain, and digital finance. He specializes in breaking down complex trends with clear, data-driven reporting. His work focuses on market analysis, technical insights, and the evolving role of altcoins in shaping global markets.

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Posted: October 11, 2025

Key Takeaways
Why is Bitcoin dropping?
Bitcoin dropped from its ATH of $126K after a spike in short interests.

Can BTC price turn around?
The formation of liquidity zones above the price and ETF inflows signal a potential reversal.

Bitcoin [BTC] briefly dropped below $120K after traders took profits and increased short positions. However, it quickly rebounded above that key level. 

Meanwhile, the rise in short interest coincided with a shift in the risk appetite index to negative territory, signaling growing caution in the market.

Bitcoin short interest building!
The BTC Futures market saw a surge in activity driven by heightened volatility, with $939 million added, signaling aggressive speculative bets ahead of the weekend. 

Despite this increase, the Cumulative Volume Delta (CVD) dropped by $801 million, indicating that sellers remain dominant and rising short positions are shaping current price action.

Source: Maartunn/X

The futures order book was well-supported on a bid in the range of $119,680 to $120,571. Still, it was under continuous selling pressure to break down the previously formed buy walls.

The trend highlighted a weak Futures-based structure, with the market divided among opportunity bulls and defensive bears. The next breakout region was a key turning point on the future path of Bitcoin.

Risk appetite index shifts
The Risk Appetite Index also became negative. This marked a clear shift to a risk-off environment in which investors opted for safer investments.

The weaknesses of fixed income and equity risk elements, which represented broader caution on markets, could greatly influence this change.

Source: Alpha Extract

Despite the short-term volatility of the index, analysts saw the recent decline as a shakeout and not a structural decline.

They emphasized the importance of risk management at this stage, even considering the long-term perspective. Sound global liquidity and institutional presence in major financial markets supported risk assets favorably.

Why could things turn?
Signs of a potential reversal emerged as buy orders began accumulating above Bitcoin’s current price level on the liquidity map. 

Two key zones were identified: one around $120,500 and another major cluster between $123,000 and $126,000.

A smaller liquidity pocket also formed near $121,500. These areas contain large sell orders, suggesting that Bitcoin could move upward to trigger or “sweep” them, making an upside move toward these targets increasingly likely.

Source: CoinGlass

Bitcoin ETFs saw strong and steady inflows throughout October. 

The highest daily net inflow occurred on the 6th of October 6, reaching $1.21 billion. Other notable inflows included $985.08 million on the 3rd of October and $875.61 million on the 7th of October, reflecting sustained investor interest.

The cumulative total net inflow increased between October 1 and 9 by $5B. Thus, it showed tremendous capital growth within a very short time.

What happenedAccording to a filing with the Securities and Exchange Commission dated Oct. 6, 2025, Kawa Capital Management, Inc. reduced its stake in Delek US Holdings (DK -5.79%) by 150,000 shares during the third quarter of 2025. The estimated transaction value, based on the average price for the quarter, was $3.92 million. Following the trade, the fund reported a remaining position of 200,000 shares, valued at $6.45 million as of Sept. 30, 2025.

What else to knowThis sale brought Delek US Holdings to 11.7% of Kawa Capital Management’s 13F reportable assets as of Sept. 30, 2025, making it the fund's fifth-largest holding.

Top holdings after the filing:

NYSE:BDN: $16.36 million (29.7% of AUM as of Sept. 30, 2025)

NYSE:ONL: $14.78 million (26.8% of AUM as of Sept. 30, 2025)

NYSE:VALE: $11.08 million (20.1% of AUM as of Sept. 30, 2025)

NYSE:GGB: $6.49 million (11.8% of AUM as of the third quarter of 2025)

NYSE:DK: $6.45 million (11.7% of AUM as of the third quarter of 2025)

As of Oct. 5, 2025, shares were priced at $32.21, up 58.1% in the year ending Oct. 5, 2025, outperforming the S&P 500 by 65.3 percentage points in the same period.

Company overviewMetricValueRevenue (TTM)$10.82 billionNet income (TTM)($769.70 million)Dividend yield3.2%Price (as of market close Oct. 3, 2025)$32.21Company snapshotDelek produces and markets gasoline, diesel, aviation fuel, asphalt, and other petroleum-based products through refining, logistics, and retail operations.

The company generates revenue by processing crude oil at four refineries, distributing refined products via owned and leased pipelines and terminals, and operating a network of convenience stores.

Delek serves oil companies, independent refiners and marketers, jobbers, distributors, utility and transportation companies, as well as the U.S. government.

Delek US Holdings is an integrated downstream energy company with a diversified portfolio spanning refining, logistics, and retail operations. The company leverages its regional asset base and extensive distribution network to supply petroleum products and related services across key U.S. markets.

Foolish takeInvestors probably shouldn't look at Kawa Capital's sale of Delek as a sign the fund is pessimistic about the downstream energy industry. It appears Kawa Capital was locking in profits from a stock that outperformed. Shares of Delek rose sharply in the third quarter. From the end of March through Sep. 30, 2025, the stock notched a 114% gain.

While Delek is the fund's fifth-largest holding, investors should know that it's also Kawa Capital's smallest holding. Its portfolio contained just five stocks at the end of September.

Delek was far and away Kawa Capital's best-performing stock in the third quarter. The runner-up was Orion Properties, which rose 26.2% during the three months ended September.

Brandywine Realty Trust was the largest holding in Kawa Capital's portfolio at the end of September. The real estate investment trust (REIT) has also been its worst performer. Shares of Brandywine Realty Trust, an integrated, full-service real estate company that develops, leases, and manages office buildings, have fallen about 17.5% since the end of March.

GlossaryAUM: Assets under management – The total market value of investments managed by a fund or firm.
13F reportable assets: Securities that institutional investment managers must disclose quarterly to the Securities and Exchange Commission (SEC) on Form 13F.
Downstream energy company: A business involved in refining, distributing, and selling petroleum products, rather than extracting crude oil.
Dividend yield: Annual dividend payments divided by the stock's price, expressed as a percentage.
Outperforming the S&P 500: Achieving a higher return than the S&P 500 index over a given period.
Integrated: Operating across multiple stages of an industry’s value chain, such as refining, logistics, and retail.
Convenience stores: Small retail outlets selling everyday items, often attached to gas stations.
TTM: The 12-month period ending with the most recent quarterly report.
Quarter (third quarter of 2025): The third three-month period of a company’s fiscal year, here referring to July–September 2025.
Filing: An official document submitted to a regulatory agency, such as the SEC, disclosing financial or ownership information.
Position: The amount of a particular security or asset held by an investor or fund.
Asset base: The collection of a company’s physical and financial resources used to support operations and growth.

Cory Renauer has no position in any of the stocks mentioned. The Motley Fool recommends Delek Us. The Motley Fool has a disclosure policy.

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.

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