Market Signal Briefing

On-chain analytics firm Santiment has highlighted how the average Bitcoin returns of the buyers from the past year are looking similar to late 2022.

365-Day Bitcoin MVRV Ratio Has Plunged Recently In a new post on X, Santiment has talked about the latest trend in the Bitcoin Market Value to Realized Value (MVRV) Ratio. This on-chain indicator measures the ratio between the market cap of the asset and its Realized Cap.

The Realized Cap here refers to a capitalization model that calculates the total value of the cryptocurrency by assuming that the ‘real’ value of each token in circulation is equal to the price at which it was last transacted on the blockchain. In short, this metric represents the sum of the capital stored in the asset by all investors.

Since the market cap is the amount held by investors in the present, its comparison with the Realized Cap in the MVRV Ratio tells us about the profit-loss status of the overall network.

When the value of the metric is greater than 1, it means the investors are in a state of net unrealized loss. On the other hand, it being under the mark suggests the dominance of losses.

In the context of the current topic, the MVRV Ratio of the entire market isn’t of interest, but rather that of two specific investor cohorts: 30-day and 365-day buyers. The MVRV Ratios of these groups naturally tell us about the average returns for coins purchased over the past month and past year, respectively.

Now, here is the chart shared by Santiment that shows the trend in the 30-day and 365-day MVRV Ratios for Bitcoin over the last few years:

The value of the metric appears to have plunged | Source: Santiment on X As displayed in the above graph, the 30-day Bitcoin MVRV Ratio is currently sitting at the +2.8% mark, suggesting short-term buyers are in a state of slight profit. This could raise the chances of a profit-taking selloff occurring, but perhaps not by much as these returns aren’t significant enough to fall inside what the analytics firm defines as the “Danger Zone.”

The picture is a bit different when it comes to the profitability of the 1-year investors. From the chart, it’s visible that the MVRV Ratio has plunged to the -26.6% mark for this group, which is well past the boundary for the “Opportunity Zone.”

Interestingly, the last time that the indicator fell to such a low level was at the end of the 2022 Bitcoin bear market. “When the 365-day MVRV was severely negative following the FTX collapse, $BTC proceeded to rise +67% in the following 3 months,” noted Santiment.

That said, while the current value is similar to back then, the structure itself more resembles that of mid-2022, since the metric has only recently plummeted to these levels, while in late 2022, it was on the way back up.

BTC Price At the time of writing, Bitcoin is floating around $70,500, down nearly 1% over the last seven days.

The price of the coin seems to have surged recently | Source: BTCUSDT on TradingView Featured image from Dall-E, chart from TradingView.com

TLDR The Official TRUMP memecoin project has revealed plans for an exclusive gala luncheon at Mar-a-Lago on April 25 for its 297 largest holders Following the announcement, the token experienced a temporary price increase but continues trading 96% lower than its January 2025 peak of $73.43 Qualification criteria depend on time-weighted token ownership from March 12 through April 10, with mandatory background screenings for participants The upcoming event marks the second gathering of its kind; the inaugural dinner in 2025 sparked controversy from Democratic politicians citing potential conflicts of interest According to a White House official speaking with Politico, Trump’s calendar does not yet reflect the April 25 gathering The organization managing the Official TRUMP memecoin has unveiled plans for another exclusive gathering targeting its most significant token holders — a luxurious luncheon featuring President Donald Trump at Mar-a-Lago, his Florida resort in Palm Beach, set for April 25.

SATURDAY, APRIL 25 AT MAR-A-LAGO! 

The Most Exclusive Crypto and Business Conference in the World & Gala Luncheon with PRESIDENT TRUMP and 18 other SUPERSTARS.

Strictly Limited to only 297 attendees. Are You In? 

Register Here: https://t.co/MBo3UBrzje pic.twitter.com/CWOVNK1kbU

— TrumpMeme (@GetTrumpMemes) March 12, 2026

The revelation surfaced on Thursday, March 12. According to the announcement, the 297 individuals holding the largest token quantities will qualify for attendance, while the top 29 will gain additional access to an intimate reception featuring Trump. The TRUMP token’s official website identifies Trump as the event’s keynote speaker.

Nevertheless, a White House spokesperson informed Politico that this gathering has not been added to the president’s confirmed schedule. The proposed date also overlaps with Trump’s announced intention to participate in the White House Correspondents’ Dinner.

Qualifying participants must satisfy specific criteria determined by time-weighted token ownership calculated from March 12 through April 10. Additionally, every attendee must successfully complete a background investigation before receiving admission.

TRUMP Price Following the announcement, the token experienced a momentary price surge, rising from its record low of $2.73 to reach $3.06 before declining. Currently, TRUMP is exchanging hands between approximately $2.94 and $2.98, representing roughly a 2% daily increase.

TRUMP Token Continues Trading Far Below Historical High Notwithstanding the modest recovery, the cryptocurrency remains approximately 96% below its January 2025 all-time high of $73.43. That pinnacle occurred shortly after the token’s debut, which preceded Trump’s presidential inauguration.

When the initial dinner was announced in April 2025, the token was valued at approximately $13 on average. Since that announcement, its value has plummeted dramatically.

Trading activity for the cryptocurrency reached its most substantial level since February 20, 2026, coinciding with the gala announcement date.

The inaugural gathering for TRUMP token holders took place at a Trump golf facility in May 2025. Among the participants was Tron founder Justin Sun, who attended as one of the project’s largest investors. Infinex founder Kain Warwick also participated after acquiring sufficient tokens to secure a position within the top 25 holders.

Critics and Demonstrators Have Voiced Opposition The previous dinner event drew protesters to the venue’s exterior. Bloomberg reported that demonstrators voiced their opposition loudly as guests entered the facility. Among the protesters were U.S. senators and former congressional staff members.

Democratic politicians voiced strong opposition to the gathering, contending that Trump was generating revenue from a cryptocurrency token while simultaneously appointing regulatory officials to supervise the crypto sector and supporting legislation beneficial to it. These objections contributed to congressional delays affecting crypto-related legislative proposals.

The token’s issuer notes on its website that the project “is not political and has nothing to do with any political campaign or any political office or governmental agency,” and states there will be “no private meetings with the President and no solicitations.”

Mar-a-Lago previously served as the venue for a cryptocurrency conference last month, arranged by World Liberty Financial — another digital asset venture co-owned by Trump and members of his family.

Ethereum’s price rallied to a weekly high of $2,144 on Friday following the strong debut of investment manager BlackRock’s staked Ethereum ETF.

Summary

Ethereum price broke past the $2,100 resistance level on March 13. BlackRock’s staking ETF ETHB pulled in $15.5 million in trading volume on launch day. A bullish SMA crossover is close to confirmation on the daily chart. According to data from crypto.news, Ethereum (ETH) price shot up nearly 6% to $2,144 during Friday morning Asian time before stabilizing around $2,100 at the time of writing. At this valuation, the second-largest crypto asset by market cap sits 11% above its weekly low and over 18% from its lowest point in February.

The rally gained momentum after BlackRock recorded a very strong debut with its iShares Staked Ethereum ETF (ETHB) on Nasdaq. The first Ethereum ETF from the world’s largest asset manager to include staking pulled in around $15.5 million in trading volume on its first day.

For context, the iShares Staked Ethereum Trust (ETHB) operates by holding spot Ethereum and dynamically staking between 70% and 95% of its reserves directly on the Ethereum network. This structure allows investors to receive 82% of staking rewards through monthly distributions. This largely differs from existing Ethereum ETFs, where investors forego staking rewards, making those older products much less appealing.

As such, there is a strong possibility that investors could begin rotating their capital from other ETH ETFs, including BlackRock’s own ETHA, which offers no staking, into the new ETHB. 

Investors who have previously stayed on the sidelines due to the lack of yield could now also enter the market while enjoying the added benefits of staking rewards. This shift, driven by those who finally see the ETF as a productive asset, could likely act as a fresh catalyst to sustain the current uptrend.

Meanwhile, besides the ETF news, a sharp drop in crude oil prices provided extra tailwinds. Brent crude dropped 7% today, renewing investor demand for risk assets, including Ethereum, as they rotate away from traditional safe-haven assets.

Ethereum price analysis On the daily chart, technical indicators seem to suggest that Ethereum’s price could sustain its rally above $2,100 in the short term.

Notably, the 20-day moving average appears to be close to confirming a bullish crossover with the 50-day moving average. Meanwhile, the Aroon Up remains at 35.71%, which is comfortably above the Aroon Down at 7.14%. Ethereum’s RSI has also yet to enter the overbought area. 

Ethereum price is close to confirming a bullish MA crossover on the daily chart — March 13 | Source: crypto.news This suggests there is still room for the uptrend to continue before any potential exhaustion or reversal occurs.

For now, $2,200 could act as the immediate resistance that traders will be watching closely for signs of a breakout. A move above that level could act as a definitive confirmation of a positive shift in market sentiment.

A rally above that mark would also invalidate a major bearish pattern. As previously reported by analysts at crypto.news, the price has been forming a bearish flag pattern over multiple months. 

Bearish flag patterns are considered some of the most bearish formations in technical analysis. If ETH falls towards $1800, it would confirm the pattern.

Liquidity remains a core metric distinguishing speculation from real fundamentals.

Building on this, Tether [USDT] has invested in Ark Labs as part of its $5.2 million funding round. Notably, the investment is designed to expand stablecoin access through Arkade, a platform owned by Ark Labs that is developing financial infrastructure on Bitcoin [BTC].

Put simply, the goal is to move Bitcoin beyond its role as a speculative asset and position it as a functional network for everyday financial activity. Therefore, by collaborating with Ark Labs, Tether is strategically working to increase USDT’s availability across the Bitcoin ecosystem, as highlighted by Paolo Ardoino, CEO of Tether, who stated:

Stablecoins were born on Bitcoin, and expanding access on the Bitcoin network remains a priority for us.

From a statistical perspective, this development carries additional weight.

According to CoinMarketCap, USDT continues to account for over 55% of the $320 billion stablecoin market. As the most widely used stablecoin, its expansion onto Bitcoin could naturally enhance the network’s utility by enabling broader on-chain financial activity.

Consequently, this liquidity could help shift Bitcoin’s narrative from purely speculative to one supported by stronger network fundamentals. Interestingly, early signs of this dynamic are already appearing in BTC’s technical structure, making it a development worth keeping an eye on. 

How USDT could influence BTC’s next move On the speculative side, the correlation between USDT and BTC continues to strengthen. 

As the largest stablecoin, rising USDT activity during risk-off phases is often interpreted as a bullish setup, as investors typically accumulate dry powder before redeploying sidelined capital once market sentiment shifts back to risk-on.

According to data from Santiment, this trend has become more pronounced over the past year. As the chart below shows, three relief rallies in Bitcoin have coincided with spikes in Tether addresses on BNB Smart Chain [BSC], indicating that growing USDT activity has acted as an early signal of liquidity preparing to re-enter the market.

Source: Santiment In this context, Tether’s recent investment in Ark Labs further strengthens this setup. 

As the company behind USDT moves to expand its stablecoin presence on Bitcoin, on-chain data already suggests that USDT activity has had a bullish impact on BTC’s price. Therefore, the correlation between the two could continue to strengthen going forward.

Taken together, from both a technical and fundamental standpoint, USDT is clearly emerging as a key indicator of Bitcoin’s future price momentum.

Final Summary Tether’s $5.2 million investment in Ark Labs aims to expand stablecoin access on Bitcoin, strengthening the network’s real utility. Meanwhile, rising USDT activity has increasingly aligned with Bitcoin relief rallies, suggesting stablecoin liquidity may be a key signal of BTC’s future moves.

TLDR The XRP Ledger’s tokenized assets have surged from under $80 million to $453 million within approximately 12 months Capital flowing into XRP ETFs has exceeded $1.1 billion as of early March 2026 Cardano’s DeFi ecosystem contains just $138 million in assets, significantly behind its ambitious $3 billion goal for 2030 XRP’s current price hovers around $1.42 with an $87 billion valuation; Cardano sits at $0.27 with a $10 billion market cap Expert predictions suggest XRP may climb to $3–$8 before year-end; Cardano estimates remain conservative at $0.30–$1 As 2026 unfolds, XRP and Cardano remain prominent fixtures in cryptocurrency conversations. While both projects enjoy dedicated supporter bases, their adoption rates and practical applications reveal contrasting trajectories.

XRP positions itself as an institutional finance solution. Its primary audience includes banking institutions, currency trading platforms, and investment funds. The XRP Ledger facilitates asset tokenization, enabling traditional financial products such as bonds to exist on blockchain infrastructure.

Twelve months ago, tokenized assets on the XRP Ledger totaled less than $80 million. That figure has now exploded to $453 million. This acceleration occurred predominantly throughout late 2025 and into early 2026.

XRP exchange-traded funds have accumulated more than $1.1 billion in investor capital through March 6, 2026. This development allows mainstream investors to participate without managing cryptocurrency wallets directly.

XRP Price XRP presently changes hands near $1.42, commanding an $87 billion market capitalization. Over the past 52 weeks, it has fluctuated between $1.14 and $3.65.

Cardano pursues an alternative strategy. The project emphasizes scholarly research and academically vetted code. Its ambition centers on creating a versatile blockchain platform supporting smart contracts and decentralized applications.

Cardano’s 2030 strategic plan envisions $3 billion locked in DeFi protocols, one million monthly active wallets, and 324 million yearly transactions. Current metrics suggest these benchmarks remain aspirational.

Where Cardano Stands Today Cardano presently secures $138 million across its DeFi ecosystem. Network fees generate approximately $1,900 daily. Fewer than 17,000 unique wallet addresses demonstrate activity each day.

These statistics indicate limited network utilization despite years of ongoing development. A late 2025 initiative aimed at enhancing stablecoin liquidity failed to generate noticeable increases in user adoption or capital deployment.

Cardano (ADA) Price Cardano currently trades at $0.27, reflecting a $10 billion market valuation. Its 52-week trading range extends from $0.23 to $1.01.

What Analysts Are Saying Regarding XRP, professional forecasters project year-end 2026 valuations spanning $3 to $8. Standard Chartered has publicly endorsed an $8 target contingent on sustained ETF interest. Certain enthusiastic social media commentators propose substantially higher figures, though these represent fringe predictions.

Cardano projections trend more conservatively. Most professional estimates congregate between $0.30 and $1. Several analysts acknowledge potential upside toward $2–$4 if planned network enhancements deliver measurable improvements, while others warn of downside vulnerability should critical price support levels fail.

Upcoming catalysts potentially benefiting XRP include additional ETF product launches and expanded deployment of Ripple’s RLUSD stablecoin throughout Japan via collaboration with SBI Holdings.

Cardano’s immediate catalysts encompass the Midnight Network mainnet activation, emphasizing privacy functionality, plus possible spot ADA ETF introductions from Grayscale.

As of mid-March 2026, XRP demonstrates unambiguous advantages in institutional embrace and blockchain activity relative to Cardano.

Final Thoughts Both XRP and Cardano constitute speculative investments, and historical performance provides no guarantee of future outcomes. XRP currently exhibits superior real-world integration, heightened institutional participation, and accelerated on-chain expansion. Cardano maintains an ambitious long-range blueprint, but present metrics fail to substantiate that vision. Investors considering allocating $1,500 toward either cryptocurrency today must comprehend inherent risks and conduct independent research before committing capital.

Many Bitcoin miners are struggling to turn a profit this market cycle due to diminishing returns, so they may need to pivot to artificial intelligence hosting or put their holdings to work to generate yields, says market maker Wintermute.

Wintermute said in a blog post on Thursday that Bitcoin (BTC) miners have spent years building large-scale power infrastructure in low-cost energy markets, and they now find themselves “sitting on exactly what the AI industry needs most urgently and cannot easily replicate.”

It said that Bitcoin mining is a “structurally rigid business model,” and while the AI pivot is a compelling one, it is also a “drastic and capital-intensive step.”

The report comes as mining giant MARA Holdings is the latest to eye AI, filing with the SEC on March 3 to signal its intent to sell some of its BTC to pivot to the technology. Meanwhile, publicly listed miners have sold more than 15,000 Bitcoin since October.

Miners hanging onto Bitcoin is “legacy of the HODL era”Wintermute said that Bitcoin miners are collectively holding close to 1% of the total BTC supply, which it argued was a “legacy of the HODL era,” and that the “full toolkit of treasury management remains largely untapped.”

Crypto yield generation has been traditionally limited to staking and DeFi, but Wintermute said miners could tap yields through active management, such as monetizing market risk through derivatives structures, covered calls, and cash-secured puts.

Passive management options include deploying BTC into lending protocols to earn interest.

Bitcoin revenue and gross margins are way down from previous cycles (epochs). Source: Wintermute
“We believe active balance sheet management is the most underutilized lever available to miners and one that deserves far greater strategic attention,” Wintermute said. “The miners who treat their BTC holdings as a working asset rather than a passive reserve will carry a structural edge into the next halving.”

Wintermute said that for the first time in a four-year market cycle, Bitcoin has failed to deliver the two-times price return needed to offset halving-driven revenue cuts, and gross margins have peaked at levels that previously marked bear market floors.

Additionally, the transaction fee market has not filled the gap as it is “episodic” and not structural. At the same time, energy costs continue to squeeze margins. 

The company noted that data suggests this squeeze is unlike previous cycles in 2018 and 2022, describing it as a “healthy shakeup” that fits within the design of Bitcoin and will make the mining industry “more efficient as a result.”

Magazine: All 21 million Bitcoin is at risk from quantum computers

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy

Tony Kim Mar 13, 2026 07:04

Polygon (MATIC) trades at $0.38 with neutral RSI at 38, targeting $0.45 within 4-6 weeks if bulls break key resistance levels according to recent analyst forecasts.

Polygon (MATIC) finds itself at a critical juncture as March 2026 unfolds, trading at $0.38 with technical indicators painting a mixed picture for the Layer 2 scaling solution. Recent analyst projections suggest a potential recovery trajectory toward $0.45, representing an 18% upside from current levels.

MATIC Price Prediction Summary • Short-term target (1 week): $0.39-$0.42 range • Medium-term forecast (1 month): $0.42-$0.45 range • Bullish breakout level: $0.43 (SMA 20 resistance) • Critical support: $0.31 (Bollinger Lower Band)

What Crypto Analysts Are Saying About Polygon According to Rongchai Wang's recent analysis published on March 11, 2026, "MATIC price prediction suggests potential recovery to $0.45 within 4-6 weeks if bulls break key resistance. Technical indicators show mixed signals with RSI at 38." This Polygon forecast aligns with current technical positioning, where MATIC sits below key moving averages but maintains neutral momentum conditions.

While specific analyst predictions remain limited, on-chain metrics from major data platforms suggest consolidation patterns typical of assets preparing for directional moves. The current technical setup mirrors historical accumulation phases that have preceded significant price movements in MATIC's trading history.

MATIC Technical Analysis Breakdown Current technical indicators reveal a cryptocurrency in transition. With RSI at 38.00, Polygon maintains neutral momentum territory, avoiding oversold conditions that often signal capitulation. The MACD histogram sits at -0.0000, indicating bearish momentum has stalled rather than accelerated.

Bollinger Bands analysis shows MATIC positioned at 0.29 between the bands, suggesting room for upward movement before reaching overbought territory. The current price of $0.38 sits below all major moving averages, with the SMA 20 at $0.43 serving as immediate resistance and the SMA 200 at $0.69 representing longer-term overhead supply.

The Average True Range (ATR) of $0.02 indicates moderate volatility, providing reasonable risk-reward scenarios for both bullish and bearish positions. Daily trading volume of $1,074,371 on Binance suggests adequate liquidity for institutional movements.

Polygon Price Targets: Bull vs Bear Case Bullish Scenario In the optimistic case, MATIC price prediction points toward $0.45 as the primary target, requiring a break above the SMA 20 at $0.43. This scenario would unfold if bulls can generate sufficient volume to reclaim the $0.42 EMA 26 level, followed by sustained trading above $0.43.

Technical confirmation would come through RSI climbing above 50, MACD histogram turning positive, and daily closes above the middle Bollinger Band. The Polygon forecast suggests this move could materialize within 4-6 weeks, contingent on broader market stability and renewed interest in Layer 2 solutions.

Bearish Scenario The downside case targets the Bollinger Lower Band at $0.31, representing an 18% decline from current levels. This scenario would activate if MATIC fails to hold current support zones and RSI drops below 30 into oversold territory.

Risk factors include continued underperformance relative to major moving averages, potential breakdown below psychological $0.35 support, and broader cryptocurrency market weakness that could pressure risk assets like Polygon.

Should You Buy MATIC? Entry Strategy For those considering MATIC positions, the current $0.38 level offers a reasonable risk-reward entry point with defined technical levels nearby. Conservative buyers might wait for a pullback toward $0.35-$0.36 to improve their risk-reward ratio.

Stop-loss placement below $0.31 would limit downside risk while allowing room for normal volatility. Profit-taking strategies could target the $0.43-$0.45 resistance zone, aligning with analyst projections and technical resistance levels.

Position sizing should account for MATIC's moderate volatility profile, with the $0.02 ATR suggesting daily moves of 5-7% remain within normal parameters.

Conclusion The MATIC price prediction landscape for April 2026 suggests cautious optimism, with the $0.45 target representing achievable upside if technical conditions align. Current neutral RSI readings and stalled bearish momentum provide a foundation for potential recovery, though success depends on breaking above the SMA 20 resistance at $0.43.

Polygon's technical positioning offers defined risk parameters for traders, with clear support at $0.31 and resistance near $0.43-$0.45. The 4-6 week timeframe for reaching $0.45 appears reasonable given historical MATIC price movements and current market dynamics.

This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance before making investment decisions.

Image source: Shutterstock

matic price analysis matic price prediction

James Ding Mar 13, 2026 07:16

Avalanche trades at $9.87 with analysts targeting $10.50-$12.00 by March 31st. RSI neutral at 57.73 while AVAX tests upper Bollinger Band resistance near $10.

Avalanche (AVAX) continues to consolidate around the $9.87 level as traders await the next directional move. Despite mixed technical signals, recent analyst forecasts suggest potential upside targets remain within reach as March draws to a close.

AVAX Price Prediction Summary • Short-term target (1 week): $10.11-$10.34
• Medium-term forecast (1 month): $10.50-$12.00 range
• Bullish breakout level: $10.34 • Critical support: $9.20

What Crypto Analysts Are Saying About Avalanche Recent AVAX price prediction analysis from crypto market observers shows cautious optimism for the remainder of March. Peter Zhang outlined his Avalanche forecast on March 8th, stating that "AVAX Price Prediction: Avalanche Targets $10.50-$12.00 by March End Despite Current Consolidation."

Alvin Lang provided additional context on March 7th, noting that "Avalanche (AVAX) trades at $9.05 with analysts forecasting $10.50-$12.00 targets by month-end. Technical indicators show neutral momentum with key resistance at $9.52."

Looking slightly further ahead, Caroline Bishop offered a more bullish Avalanche forecast on March 2nd, suggesting "AVAX trades at $8.88 with neutral RSI and analyst targets of $12-15 within 4-6 weeks. Key resistance at $9.39 must break for bullish momentum to resume."

AVAX Technical Analysis Breakdown Current technical indicators present a mixed picture for AVAX price prediction purposes. The token trades at $9.87, showing a modest 3.68% gain over the past 24 hours with trading volume of $23.07 million on Binance.

The RSI reading of 57.73 sits firmly in neutral territory, suggesting neither overbought nor oversold conditions. However, the MACD histogram at 0.0000 indicates bearish momentum, creating some uncertainty about immediate direction.

Avalanche's position within the Bollinger Bands tells an important story. With a %B position of 0.9449, AVAX is currently trading very close to the upper band resistance at $9.96, while the middle band sits at $9.17 and lower band at $8.38.

Moving averages show a complex picture with short-term averages (SMA 7: $9.37, EMA 12: $9.38) below the current price, while the SMA 50 at $9.61 provides nearby resistance. The SMA 200 at $16.91 remains well above current levels, highlighting the longer-term downtrend that began in 2024.

Avalanche Price Targets: Bull vs Bear Case Bullish Scenario For the bullish AVAX price prediction to materialize, Avalanche needs to break above the immediate resistance at $10.11. A successful breach could target the strong resistance level at $10.34, aligning with analyst forecasts of $10.50-$12.00 by month-end.

The Stochastic indicators (%K: 91.19, %D: 72.96) suggest the token is in overbought territory, which could provide the momentum needed for a breakout if buying pressure continues.

Key confirmation signals include: - Daily close above $10.11 - RSI holding above 60 - MACD histogram turning positive - Volume expansion on breakout attempts

Bearish Scenario Should the current consolidation fail, AVAX faces immediate support at $9.54, followed by stronger support at $9.20. A breakdown below these levels could invalidate the near-term bullish Avalanche forecast and potentially target the Bollinger Band lower boundary at $8.38.

Risk factors include: - Rejection at upper Bollinger Band resistance - MACD remaining in bearish territory - Broader crypto market weakness - Failure to hold above the 20-day SMA at $9.17

Should You Buy AVAX? Entry Strategy Based on current technical levels, potential entry strategies for AVAX include:

Conservative approach: Wait for a pullback to the $9.20-$9.54 support zone before establishing positions, using the daily ATR of $0.51 to gauge appropriate position sizing.

Aggressive approach: Enter on a confirmed breakout above $10.11 with increased volume, targeting the $10.50-$12.00 analyst price predictions.

Stop-loss considerations: Place protective stops below $9.20 for long positions, as this level represents the confluence of strong support and the psychological $9 level.

Conclusion The current AVAX price prediction scenario suggests cautious optimism for the remainder of March. While technical indicators show mixed signals, analyst targets of $10.50-$12.00 remain achievable if Avalanche can break above immediate resistance levels.

The proximity to upper Bollinger Band resistance at $9.96 and the neutral RSI reading provide a setup for potential upward momentum. However, traders should remain aware of the bearish MACD histogram and the significant resistance zone between $10.11-$10.34.

Disclaimer: Cryptocurrency price predictions are speculative and subject to high volatility. This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consider your risk tolerance before making investment decisions.

Image source: Shutterstock

avax price analysis avax price prediction

The new ETHB fund launched with over $100 million in assets and traded more than $15 million on day one, offering investors exposure to ethereum plus staking rewards.Updated Mar 13, 2026, 6:27 a.m. Published Mar 13, 2026, 6:23 a.m.

BlackRock’s new staked ether (ETH) exchange-traded fund got off to a solid start Friday, pulling in more than $15 million in trading volume on its first day as Wall Street begins experimenting with yield-generating crypto ETFs.

The iShares Staked Ethereum Trust, trading under the ticker ETHB, launched with just over $100 million in assets and had already seen about $11 million in trading by early afternoon, according to Bloomberg ETF analyst James Seyffart. By late session, trading volume had climbed to roughly $15.5 million, suggesting strong initial demand for the product.

Those numbers are considered strong for an ETF launch, market watchers say.

“BlackRock's Staked Ether ETF launched with just over $100 million in assets and has traded about $11.1 million through early afternoon,” Seyffart said on X, calling it “a pretty good start for any ETF.”

The product marks a significant evolution in crypto exchange-traded funds. Unlike traditional spot crypto ETFs that simply track the underlying asset, ETHB will generate yield by staking ethereum, distributing most of the rewards back to investors. Staking refers to locking coins in a cryptocurrency network in return for rewards. This is losely analogous to investing in fixed income instruments like bonds.

According to the prospectus, the fund will stake between 70% and 95% of its ether holdings at any given time. About 82% of the staking rewards will be paid out to investors through monthly distributions, similar to how dividend-paying ETFs distribute income.

The remaining 18% will be allocated among the trust, custodians and staking service providers.

The fund charges a 0.25% sponsor fee, though BlackRock is offering a temporary discounted rate of 0.12% on the first $2.5 billion in assets as it seeks to attract early investors.

ETHB is the latest addition to BlackRock’s growing digital assets ETF lineup. The firm already runs the iShares Bitcoin Trust (IBIT), which launched in January 2024 and quickly became the dominant bitcoin ETF, as well as the iShares Ethereum Trust (ETHA) introduced in July 2024.

Ethereum’s staking mechanism allows holders to lock up ETH to help secure the network in exchange for rewards, effectively creating a crypto-native yield. By packaging that yield inside an ETF wrapper, firms like BlackRock are attempting to make the structure accessible to traditional investors who cannot easily participate directly on-chain.

If staking ETFs gain traction, they may open the door to similar structures across other proof-of-stake networks — potentially turning crypto ETFs from passive exposure vehicles into income-generating financial instruments.

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Pi rallies more than 30% after Kraken announces listing

1 hour ago

Bybit previously declined to list the mobile crypto mining platform, with CEO Ben Zhou citing warnings from Chinese police that the project is a scam.

What to know:

Pi Network’s PI token jumped about 30% during Asia’s morning trading after Kraken said it would list the cryptocurrency.The mobile-first project, which uses a phone-based trust graph instead of traditional mining, launched its externally connected mainnet in February 2025 with roughly 19 million KYC-verified users and 10 million migrated accounts.The token is already listed on OKX, Gate and Bitget, even as Bybit’s chief executive has refused to list it and labeled the project a scam, citing a 2023 warning from Chinese police.

Zach Anderson Mar 13, 2026 07:28

Uniswap (UNI) shows bullish momentum at $3.99 with MACD confirmation and neutral RSI. Technical analysis suggests potential rally to $4.20 resistance within March 2026.

With Uniswap (UNI) trading at $3.99 as of March 13, 2026, technical indicators are painting an increasingly bullish picture for the leading decentralized exchange token. After gaining 3.00% in the past 24 hours, UNI appears positioned for a potential breakout toward key resistance levels.

UNI Price Prediction Summary • Short-term target (1 week): $4.15 • Medium-term forecast (1 month): $4.20-$4.22 range
• Bullish breakout level: $4.19 (Upper Bollinger Band) • Critical support: $3.74

What Crypto Analysts Are Saying About Uniswap While specific analyst predictions from crypto Twitter are limited in recent hours, technical analysts have provided concrete targets for UNI's price trajectory. Timothy Morano noted on March 7 that "UNI trades at $3.83 with neutral RSI at 50.36 and bullish MACD momentum. Technical analysis suggests potential move to $4.15 upper Bollinger Band resistance within March 2026," setting a target of $4.15.

Similarly, Tony Kim projected on March 3 that "UNI price prediction shows neutral momentum at $3.90 with RSI at 52.93. Technical analysis suggests potential move toward $4.22 resistance if current support levels hold through March," establishing a $4.22 target.

According to on-chain data, the recent price action shows UNI maintaining strength above key moving averages, with trading volume of $11.04 million on Binance indicating healthy market interest.

UNI Technical Analysis Breakdown The current technical setup for UNI reveals several bullish signals converging. The RSI reading of 55.60 sits comfortably in neutral territory, providing room for upward movement without entering overbought conditions. This Uniswap forecast is further supported by the MACD histogram showing bullish momentum with a reading of 0.0000, indicating a potential crossover.

UNI's position within the Bollinger Bands at 0.74 suggests the token is approaching the upper band resistance at $4.19, representing a 5% upside from current levels. The stochastic indicators show %K at 80.82 and %D at 64.66, indicating strong momentum but approaching overbought territory.

Key moving averages paint a mixed picture, with UNI trading above the 7-day SMA ($3.85), 20-day SMA ($3.80), and 50-day SMA ($3.83), but still significantly below the 200-day SMA at $6.12. The daily ATR of $0.22 suggests moderate volatility, typical for UNI's recent trading patterns.

Uniswap Price Targets: Bull vs Bear Case Bullish Scenario In the bullish case for this UNI price prediction, a break above the immediate resistance at $4.09 could trigger a rally toward the Upper Bollinger Band at $4.19. Should momentum continue, the next logical target aligns with analyst projections of $4.20-$4.22, representing potential gains of 5-6% from current levels.

Technical confirmation would come from a sustained break above $4.09 with increased volume, combined with MACD momentum strengthening further. The neutral RSI provides ample room for upward movement before reaching overbought conditions.

Bearish Scenario The bearish scenario for this Uniswap forecast involves a failure to hold above the pivot point at $3.96. A break below immediate support at $3.87 could lead to a test of stronger support at $3.74, representing a 6% downside from current levels.

Risk factors include the significant gap between current price and the 200-day moving average, suggesting longer-term bearish sentiment. Additionally, if the stochastic indicators enter extreme overbought territory without price follow-through, a pullback becomes more likely.

Should You Buy UNI? Entry Strategy Based on current technical levels, potential entry points for UNI include any pullback toward the $3.87 support level or a confirmed break above $4.09 resistance. Conservative traders might wait for a retest of the 20-day SMA at $3.80 for a more favorable risk-reward ratio.

Stop-loss levels should be placed below $3.74 to limit downside risk, while profit targets align with the $4.15-$4.22 resistance zone identified by technical analysts. Position sizing should account for the daily ATR of $0.22, suggesting potential daily moves of approximately 5-6%.

Conclusion This UNI price prediction suggests a cautiously bullish outlook for Uniswap through the remainder of March 2026. With technical indicators showing bullish momentum and analyst targets converging around $4.15-$4.22, UNI appears positioned for potential gains of 4-6% in the near term.

However, investors should remain aware that cryptocurrency markets are highly volatile and unpredictable. This analysis is based on technical indicators and should not be considered financial advice. Always conduct your own research and consider your risk tolerance before making investment decisions.

Confidence Level: Moderate (65%) - Based on converging technical signals and analyst consensus, though limited by overall crypto market volatility.

Image source: Shutterstock

uni price analysis uni price prediction

Rebeca Moen Mar 13, 2026 07:34

Bitcoin Cash shows neutral momentum at $464.90 with RSI at 43.79. Technical analysis suggests potential move to $520 resistance, though bears could push BCH toward $441 support zone.

BCH Price Prediction Summary • Short-term target (1 week): $476-$487 range • Medium-term forecast (1 month): $520-$550 recovery zone
• Bullish breakout level: $487.50 • Critical support: $441.10

What Crypto Analysts Are Saying About Bitcoin Cash While specific recent analyst predictions are limited, historical forecasts provide context for current BCH movements. According to data from January 2026, analyst Tony Kim projected BCH price targets of $670-$680 for short-term moves and $720-$750 for medium-term forecasts, though these targets appear optimistic given current market conditions.

On-chain metrics from major data platforms suggest Bitcoin Cash remains in a consolidation phase, with trading activity concentrated around current levels. The lack of significant whale accumulation patterns indicates institutional interest remains subdued compared to other major cryptocurrencies.

BCH Technical Analysis Breakdown Bitcoin Cash currently trades at $464.90, showing a modest 2.31% gain over the past 24 hours. The cryptocurrency is positioned near the middle of its Bollinger Bands at 0.4944, indicating neither oversold nor overbought conditions.

The RSI reading of 43.79 places BCH in neutral territory, suggesting the asset has room for movement in either direction. However, the MACD histogram at 0.0000 signals bearish momentum, with the MACD line (-20.1239) aligned with its signal line, indicating potential sideways or downward pressure.

Moving averages paint a mixed picture for this BCH price prediction. While the price sits above the 7-day SMA ($451.46), it trades below key longer-term averages including the 20-day SMA ($465.55), 50-day SMA ($514.73), and 200-day SMA ($550.22). This configuration suggests Bitcoin Cash remains in a downtrend despite recent stabilization.

The daily ATR of $19.11 indicates moderate volatility, providing opportunities for short-term traders while suggesting more predictable price movements for position traders.

Bitcoin Cash Price Targets: Bull vs Bear Case Bullish Scenario For bulls, the immediate resistance at $476.20 represents the first hurdle in any Bitcoin Cash forecast recovery. A break above this level could target the strong resistance zone at $487.50, aligning with the upper end of recent trading ranges.

Should BCH sustain momentum above $487.50, the next significant target lies at the 50-day moving average around $514.73. This level has provided both support and resistance historically and could serve as a launching pad toward the 200-day SMA at $550.22.

Technical confirmation for bullish continuation would require RSI moving above 50 and MACD histogram turning positive, indicating renewed buying interest.

Bearish Scenario Bears could target the immediate support at $453.00 first, which coincides with recent swing lows. A breakdown below this level opens the door to strong support at $441.10, representing a key technical floor for Bitcoin Cash.

Further deterioration could see BCH testing the lower Bollinger Band at $407.61, which would represent approximately a 12% decline from current levels. Such a move would likely coincide with broader cryptocurrency market weakness.

The bearish case gains credence if the MACD histogram turns decisively negative and RSI drops below 40, indicating accelerating selling pressure.

Should You Buy BCH? Entry Strategy For this BCH price prediction, conservative buyers might consider dollar-cost averaging around current levels ($464.90), with additional purchases planned near the $453 support zone. This approach capitalizes on potential volatility while managing downside risk.

More aggressive traders could wait for a confirmed break above $476.20 before entering, using the immediate support at $453 as a stop-loss level. This strategy offers better risk-reward ratios but requires precise timing.

Risk management remains crucial given Bitcoin Cash's position below key moving averages. Position sizes should reflect the uncertainty inherent in current market conditions, with stop-losses set below $441.10 to limit potential losses.

Conclusion This Bitcoin Cash forecast suggests BCH faces a critical juncture near current price levels. While technical indicators show neutral momentum, the positioning below major moving averages indicates underlying weakness that could persist.

The most likely scenario sees BCH trading within the $441-$487 range over the next month, with potential for a recovery toward $520-$550 if broader market conditions improve. However, traders should prepare for continued volatility and avoid overleveraged positions.

Disclaimer: Cryptocurrency price predictions involve significant risk and uncertainty. This analysis is for educational purposes only and should not constitute financial advice. Always conduct your own research and consider your risk tolerance before making investment decisions.

Image source: Shutterstock

bch price analysis bch price prediction

Crypto market participants are on high alert today ahead of over $2.2 billion in Bitcoin (BTC), Ethereum (ETH), and XRP options expiry and US PCE inflation data release. A slight drop in the Crypto Fear & Greed Index to 15 indicates traders remain cautious despite some catalysts, such as oil reserve release, for upside momentum.

Crypto Market Braces for Over $2.2 Billion Bitcoin, ETH, XRP Options Expiry According to Deribit data, almost 27K BTC options of notional value $1.9 billion are set to expire on March 13. The put/call ratio is 0.97, indicating a neutral-to-bearish sentiment.

Open interest (OI) is heavily concentrated on puts between $55,000 and $60,000, contrasted by calls at $75,000 to $80,000. BTC 25 delta skew is also falling, indicating a shift from panic-driven hedging to a calmer crypto market sentiment.

Bitcoin max pain price is at $69,000, below the current spot price of around $71,567. However, the probability of Bitcoin options expiring above $71,000 is almost 86%.

BTC Options Expiry. Source: Deribit Over 186K ETH options of notional value of almost $394 million to expire today, with a put/call ratio of 1.20. The max pain price is at $2000, signaling a potential drop to the strike price. However, the probability of expiring above the $2,100 strike price is 71% currently.

ETH Options Open Interest. Source: Deribit Moreover, XRP options worth $8.85 million are to expire, with a put-call ratio of 0.13. The max pain price is at $1.40, below the current market price of $1.42. but traders are betting for a move towards $1.50 in the coming days.

XRP Options Open Interest Crypto Market Traders Await US PCE Inflation Data Today The U.S. Bureau of Economic Analysis will release the January US PCE inflation report today. Crypto market participants eye potential price swings in Bitcoin, ETH, and XRP, following a steady US CPI inflation data.

Economists expect the core PCE inflation to come in at 0.4% month-over-month (MoM), the same as in the previous month. However, the year-over-year (YoY) print is projected to rise 3.1%, above 3% in December.

Meanwhile, headline PCE is predicted at 0.3% MoM, declining from 0.4% last month. This keeps US PCE inflation steady at 2.9% despite oil price spikes amid the US-Iran war.

Meanwhile, President Donald Trump has publicly urged Fed Chair Jerome Powell for an emergency Fed rate cut ahead of next week’s FOMC meeting. Trump emphasized the need for immediate action to counter rising inflation risks, particularly from surging oil prices.

However, the CME FedWatch Tool shows a 99% probability of rates remaining unchanged at the upcoming meeting. Goldman Sachs revised Fed rate cut forecasts, predicting the first cut in September, followed by another in December.

Crypto market traders reacted as Bitcoin hit $72,000 again after the US issued a 30-day waiver for ​countries to buy sanctioned Russian oil. Treasury Secretary Scott Bessent said it is an effort to stabilize ‌global energy markets impacted by the US-Iran war.

TLDR Table of Contents

TLDRThe Deals Are Already Being DoneGrid Balancing Is Now a Sellable ServiceGet 3 Free Stock Ebooks Matthew Sigel from VanEck highlights that Bitcoin mining operations control power infrastructure that AI facilities are struggling to develop over multi-year timelines Mining companies show significant undervaluation relative to conventional data center operators when analyzed by market capitalization per megawatt MARA is transforming mining facilities into hyperscale data center locations; Core Scientific obtained financing up to $1 billion through Morgan Stanley for AI infrastructure development Network hash rate from miners worldwide declined 6% since November 2025 highs, partially attributed to hardware reallocation toward AI applications CleanSpark indicated that Bitcoin mining capital deployment lacks appeal at present hash prices when weighed against AI infrastructure returns Bitcoin mining operations possess power infrastructure that artificial intelligence companies are urgently seeking. According to Matthew Sigel, VanEck’s head of digital asset research, financial markets haven’t yet recognized this strategic positioning.

🔥 JUST IN: $181 billion asset manager VanEck’s Matthew Sigel tells CNBC that about a dozen countries are currently mining Bitcoin at the government level, adding that he expects the trend to expand. pic.twitter.com/Cn3ywOlIH8

— Crypto Briefing (@Crypto_Briefing) March 11, 2026

Sigel shared these observations during an appearance on CNBC’s Squawk Box, characterizing miners as holding an exceptional advantage since they’ve already secured land parcels, electricity agreements, thermal management systems, and utility relationships that traditional data center developers require multiple years to establish.

Connecting new data center facilities to electrical grids involves navigating interconnection waiting lists that extend through 2028 and potentially further. Mining operations have already bypassed these obstacles.

LATEST: 📈 Bitcoin miners trade at a deep discount to data centers despite pivoting to power AI infrastructure, with their stocks poised for more gains, VanEck's Matthew Sigel told CNBC. pic.twitter.com/f4OQAOTAXP

— CoinMarketCap (@CoinMarketCap) March 11, 2026

Despite possessing these advantages, Sigel noted that mining enterprises continue trading at substantial discounts compared to established data center companies when evaluated through market capitalization per megawatt metrics. Markets are either overlooking the AI infrastructure opportunity or remain skeptical about miners’ capability to successfully transition.

Current data indicates the transition is underway. Publicly-traded mining companies project expanding from 7 gigawatts of current capacity to 20 gigawatts by 2027.

The Deals Are Already Being Done This strategic shift extends beyond discussion. MARA announced an agreement in February focused on transforming its mining locations into hyperscale data center facilities. Core Scientific obtained financing reaching $1 billion from Morgan Stanley last week specifically to support its AI infrastructure transition.

CleanSpark took a frank approach. The firm stated during Q1 2026 that allocating capital to Bitcoin mining lacks financial justification at prevailing hash prices when contrasted with AI infrastructure opportunities.

This reallocation appears in network metrics. Worldwide miner hash rate has fallen 6% from November 2025 peaks. A portion of this decline results from mining equipment being redirected toward AI computational tasks instead of Bitcoin validation.

Network security hasn’t been compromised thus far, though continued monitoring remains important.

Conversely, Bitdeer continues expanding its mining footprint. The operation is installing 50,000 proprietary ASICs across 413 megawatts of capacity, potentially contributing 33 exahashes per second to network power and generating $335 million in additional Bitcoin revenue at existing price levels.

Grid Balancing Is Now a Sellable Service An additional opportunity exists beyond AI hosting services. Mining operations can reduce electricity consumption instantly upon request. As AI computing clusters and industrial manufacturing expansion increase strain on domestic electrical grids, this operational flexibility carries significant economic value.

Sigel characterized this capability as an effective load management mechanism. During peak demand periods when grids require additional capacity, mining facilities can curtail operations. Power consumers maintain service continuity. Miners sacrifice marginal revenue, though this responsive capacity now represents a monetizable service offering.

AI data center electricity demand is projected to grow 24% annually through 2030, according to sector analysts.

Q1 2026 earnings announcements will provide the initial comprehensive assessment of AI transition progress. Market observers will scrutinize power capacity metrics, AI partnership disclosures, and curtailment revenue streams.

Core Scientific’s $1 billion financing arrangement with Morgan Stanley was finalized last week.

TLDR BTC reached just shy of $72,000 following Treasury Secretary Scott Bessent’s intervention to stabilize crude oil markets. The SEC and CFTC unveiled a collaborative regulatory approach dubbed the “Joint Harmonization Initiative” for digital assets. Exchange inventories of Bitcoin have plummeted to approximately 2.75 million BTC, marking the lowest point since 2019. Around 14.5 million BTC are currently held by long-term investors showing minimal selling activity. Corporate treasuries have accumulated nearly 350,000 BTC in recent weeks, further draining available exchange supply. Bitcoin surged to nearly $72,000 on March 13, 2026, propelled by encouraging regulatory developments and mounting evidence of tightening supply dynamics in the cryptocurrency market.

Bitcoin (BTC) Price The upward momentum began midweek as the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission revealed plans to collaborate on a unified crypto regulatory structure. The agencies branded this cooperation the “Joint Harmonization Initiative.”

This partnership seeks to establish formal information-sharing mechanisms, simplify compliance obligations, and eliminate redundant enforcement proceedings between the two regulators. Though not legally binding, market participants interpreted the announcement favorably.

The initiative supports President Trump’s ongoing efforts to establish clearer regulatory guidelines for the cryptocurrency sector. Both regulatory bodies now feature pro-crypto officials following appointments by the current administration.

Energy markets introduced volatility throughout the week. Crude prices surged approximately 10% toward $100 per barrel on Thursday, partially driven by escalating U.S.-Israel tensions with Iran. This spike pressured equity markets and dampened overall risk sentiment.

.@POTUS is taking decisive steps to promote stability in global energy markets and working to keep prices low as we address the threat and instability posed by the terrorist Iranian regime.

To increase the global reach of existing supply, @USTreasury is providing a temporary…

— Treasury Secretary Scott Bessent (@SecScottBessent) March 12, 2026

Thursday evening saw Treasury Secretary Scott Bessent announce via X that the United States would permit purchases of stranded Russian oil currently held at sea. He characterized the oil price spike as a “short-term and temporary disruption.”

Crude oil retreated roughly $2 per barrel following the announcement. Bitcoin, which had maintained levels around $70,000 throughout Thursday, rallied to just under $72,000 soon afterward.

Bitcoin Holdings on Exchanges Reach 2019 Lows Centralized exchange balances declined to roughly 2.75 million BTC as of March 12, based on CryptoQuant analytics. This represents the lowest recorded level since 2019.

Source: CryptoQuant Long-term investors currently possess approximately 14.5 million BTC — defined as coins unmoved for more than five months. Multiple factors have driven this decline: retail and institutional transfers to cold storage, spot Bitcoin ETF accumulation, and corporate treasury strategies.

Spot ETFs recorded net inflows approaching $570 million within a single week. One trading session witnessed exchange outflows totaling 32,000 BTC.

On March 12 (ET), spot Bitcoin ETFs saw a total net inflow of $53.8681 million, marking the fourth consecutive day of net inflows. Meanwhile, spot Ethereum ETFs recorded a total net inflow of $72.3677 million, marking the third consecutive day of net inflows. pic.twitter.com/Pq3Oa1i9p5

— Wu Blockchain (@WuBlockchain) March 13, 2026

Corporate Accumulation Persists Strategy, the company previously operating as MicroStrategy, maintains its acquisition program. Public corporations have collectively acquired approximately 350,000 BTC during a recent timeframe.

With diminished coin availability on trading platforms, modest demand increases can generate substantial price movements. Market observers characterize the current environment as a supply squeeze scenario.

Bitcoin experienced downward pressure throughout February, declining into the low $60,000s before staging a recovery. Subsequently, it has traded within a $67,000 to $71,000 corridor. Breaching $72,000 could activate short liquidations, amplifying upward momentum.

Daily transaction volumes have maintained levels exceeding $50 billion. Mining operations face breakeven electricity costs ranging from $64,000 to $65,000.

BlackRock's iShares Staked Ethereum Trust ETF (ETHB) posted over $15.5 million in trading volume on its first day of trading, according to Bloomberg ETF Analyst James Seyffart.

"Vast majority of the trading is done and we are at $15.5 million in trading volume," Seyffart wrote on social media platform X, adding that it is "very solid for a day 1 ETF launch." Seyffart noted earlier that ETHB launched with over $100 million in assets.

ETHB is BlackRock's first crypto ETF that incorporates staking. The world's largest asset manager first hinted at its plans to launch staked crypto funds in 2025. Its amended S-1 filing with the Securities and Exchange Commission showed that the firm started acquiring ether in February for the launch of ETHB.

The fund stakes 70% to 95% of its ether holdings under normal market conditions, while the remaining 5% to 30% is held unstaked for creations, redemptions, and operational liquidity. Approximately 82% of staking rewards will be distributed monthly to holders, with 18% allocated to the sponsor and the execution agent.

ETHB carries a sponsor fee of 0.25% annually, temporarily reduced to 0.12% on the first $2.5 billion in assets for the first year following launch. 

Meanwhile, spot bitcoin and ether ETFs in the U.S. saw another day of net inflows on Thursday. Bitcoin ETFs reported $53.8 million in net inflows, marking their fourth consecutive day of positive flows. Ether ETFs posted $72.4 million in inflows. Spot Solana ETFs also recorded $4 million worth of inflows on Thursday.

On the other hand, spot XRP ETFs saw $6 million in net outflows, continuing a trend of outflows or weakened net inflows since mid-February.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. 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.

According to the latest market data, Ethereum (ETH) is flexing its muscles, rallying 4.40% to reach a spot price of $2,144.82. 

In contrast, XRP is underperforming on a relative basis, logging a more modest 2.48% gain to trade at $1.4

Meanwhile, Solana (SOL) is leading the major caps with a sharp 4.83% surge up to $90.74. 

HOT Stories

Robust ETF flows fuel the rallyAccording to data shared by Wu Blockchain, spot Ethereum ETFs recorded a total net inflow of $72.36 million on March 12.

This capital injection marks the third consecutive day of positive net inflows for Ethereum products. 

Interestingly, Ethereum's institutional inflows actually outpaced Bitcoin's on the day. 

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Spot Bitcoin ETFs saw a total net inflow of $53.86 million. This marks a solid fourth consecutive day of positive net inflows for the flagship cryptocurrency, indicating that traditional finance investors are steadily deploying fresh capital across the entire digital asset sector.

Is another Bitcoin breakout imminent? Despite Bitcoin trading comfortably near the $72,000 mark, on-chain data shows the market may need more time to build more 

According to analytics firm Glassnode, a distinct "accumulation cluster" is actively forming within the $62,000 to $72,000 price range. 

Investors are clearly buying up the supply, but analysts warn that the intensity of this current accumulation is "modest" when compared to the aggressive buying phases that preceded previous major cycle expansions.

Glassnode notes that buyer conviction is steadily building, but they caution that the underlying foundation for a mid-term breakout remains "thin so far." 

TLDR: Table of Contents

TLDR:Lido CSM Slashing Event Affects Six Ethereum ValidatorsNode Operator Bond System Limits Lido Slashing Impact Lido reported a CSM slashing incident affecting six Ethereum validators during routine network operations. Initial penalties totaled under 0.047 ETH, with total losses projected to remain below 1 ETH overall. Lido’s node operator bond mechanism covers the penalties, protecting stakers from financial losses. The protocol continues normal operations while contributors investigate the slashing event’s root cause. Lido contributors reported a minor slashing incident tied to a node operator in the Lido Community Staking Module. The event involved six Ethereum validator indices and triggered limited penalties within the protocol. 

Initial data indicates the financial impact remains small and covered through Lido’s existing bond safeguards. The protocol continues operating normally while contributors investigate the root cause of the incident.

Lido CSM Slashing Event Affects Six Ethereum Validators The incident surfaced at 20:38 UTC when Lido DAO contributors detected a slashing event linked to a node operator. The operator participated in the permissionless Community Staking Module, commonly known as CSM.

According to information shared by Lido contributors, six validator indices received slashing penalties. The initial penalty totaled less than 0.047 ETH, roughly equivalent to about $100.

Further penalties may occur as the Ethereum network processes validator exits and related downtime calculations. However, projections show total penalties will remain below 1 ETH if no additional slashing events appear.

The protocol design limits risk for stakers through an operator bond mechanism. This safeguard ensures operators cover penalties tied to validator failures or operational mistakes.

Lido contributors explained that the node operator bond will fully absorb the projected losses. As a result, stakers participating in the protocol face no direct financial impact.

The affected validators will exit through Ethereum’s standard withdrawal process. After the exit completes, the protocol will automatically reconcile the validator balance difference.

[Minor CSM Operator Slashing Incident] At 20:38 UTC this evening, Lido DAO contributors became aware of a limited slashing event associated with a Node Operator in the permissionless Lido Community Staking Module (CSM). Stakers have no reason to worry as the protocol continues to…

— Lido (@LidoFinance) March 13, 2026

Node Operator Bond System Limits Lido Slashing Impact The Community Staking Module allows permissionless participation from node operators supporting Ethereum validation. This system expands decentralization while introducing safeguards designed to manage validator performance risks.

Lido’s bond structure requires node operators to post collateral before running validators. The bond acts as insurance against slashing penalties and operational downtime.

In this case, the available bond balance covers the estimated penalties tied to the incident. Protocol data indicates the total impact remains smaller than typical daily reward fluctuations.

Lido contributors noted that routine reward variance across the protocol often ranges between 0.3 and 2 ETH daily. Compared with those fluctuations, the projected penalty falls within normal operational variance.

The affected operator and Lido contributors continue to investigate the technical cause behind the slashing event. A more detailed analysis will follow once the impacted validators complete withdrawals.

Final accounting will include missed rewards and any remaining penalties linked to validator downtime. Those figures become clear only after the Ethereum network finalizes the validator exit process.

For now, the protocol remains stable while the bond system absorbs the limited losses tied to the event.

The price of Bitcoin climbed to a weekly high on March 13, defying geopolitical concerns tied to rising tensions between the United States and Iran.

Summary

Bitcoin price reached a weekly high near $72,000, holding above the $70K level. Negative funding rates on Binance suggest many traders are still shorting the rally. A potential short squeeze could push BTC toward $75K if the rebound continues. Bitcoin (BTC) was trading around $71,400, up about 1.2% on the day, according to the chart data, after briefly touching an intraday high near $72,000. The move pushed the world’s largest cryptocurrency back above the key $70,000 psychological level.

The rebound comes despite a fragile macro environment. Ongoing geopolitical tensions and concerns surrounding global oil markets have weighed on broader risk sentiment, conditions that typically make it difficult for speculative assets like Bitcoin to outperform.

However, on-chain data suggests that many traders remain skeptical about the rally.

According to market insights from CryptoQuant, derivatives market positioning shows a growing bearish bias among investors. Funding rates on Binance have remained negative for roughly a week, indicating that a majority of leveraged traders are betting against further price gains.

On March 10 and March 11, funding rates on Binance reportedly dropped below −0.006, an unusually negative level that signals strong short positioning in the market.

This dynamic could paradoxically support further upside for Bitcoin.

Historically, when funding rates reach extreme levels and a strong consensus forms around a bearish outlook, markets sometimes move in the opposite direction. If Bitcoin continues to push higher, short sellers may be forced to close positions, triggering a short squeeze that could accelerate the rally.

Bitcoin price analysis The attached chart shows BTC gradually recovering from its February lows near $63,000, forming a sequence of higher lows in recent weeks.

Bitcoin price analysis | Source: Crypto.News Momentum indicators are also improving. The relative strength index (RSI) is around 54, suggesting bullish momentum is building while still remaining far from overbought territory.

Meanwhile, the Awesome Oscillator (AO) has shifted from deep negative territory in February to positive green bars above the zero line. The steady transition from red to green histogram bars indicates that bearish momentum has faded and bullish momentum is strengthening.

Importantly, the AO shows increasing positive bars in recent sessions, which typically signals growing upside momentum as short-term market strength begins to outpace the longer-term trend.

From a technical perspective, $72,000 represents the immediate resistance level. A confirmed breakout above that area could open the door for a move toward $75,000.

On the downside, $68,000–$69,000 acts as key support, while the $70,000 level remains a critical psychological threshold for maintaining bullish momentum.

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) (“PAR” or the “Company”) announced today that it priced a private offering (the “Offering”) of $250.0 million aggregate principal amount of 4.00% Convertible Senior Notes due 2031 (the “Notes”). The Notes will be sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also granted to the initial purcha.

Many software and technology stocks have taken a beating in early 2026. As investors reassess the massive capital expenditures required for artificial intelligence (AI) infrastructure, they are punishing companies that carry premium valuations and heavy investment cycles. Shares of Microsoft (MSFT 0.73%) have fallen about 17% year to date as of this writing. And Amazon (AMZN 1.52%) stock has also been slammed, declining more than 9% over the same period.

Interestingly, however, both companies' quarterly updates this year showed impressive growth. And, if anything, AI seemed to be a tailwind for both businesses -- not a headwind. So, is this a buying opportunity? And, if it is, which of the two stocks is a better buy?

Image source: Getty Images.

Microsoft: massive demand and massive costs Microsoft's underlying business is still putting up spectacular numbers. In its fiscal second quarter, the software giant's revenue rose 17% year over year. This growth was largely driven by its intelligent cloud segment, where "Azure and other cloud services" revenue climbed 39% during the period.

But the most telling signal of AI demand is the company's backlog.

Microsoft's commercial remaining performance obligations (RPO) -- the dollar value of contracted commercial work not yet recognized as revenue -- hit $625 billion in fiscal Q2.

That figure represents a 110% year-over-year increase.

There are, however, a few reasons for investors to be cautious.

First, 45% of Microsoft's commercial backlog comes from a single customer: OpenAI. This creates a significant customer concentration risk for a business of this scale.

Second, securing this growth is proving incredibly expensive. Microsoft's fiscal second-quarter capital expenditures were $37.5 billion -- up 66% year over year. This is a massive absolute outlay that will eventually show up as depreciation and could weigh on margins over time.

Amazon: an accelerating cloud engine Amazon is also spending heavily. Management anticipates capital expenditures of about $200 billion in 2026.

"With such strong demand for our existing offerings and seminal opportunities like AI, chips, robotics, and low earth orbit satellites," Amazon CEO Andy Jassy explained in the company's fourth-quarter earnings release, "we expect to invest about $200 billion in capital expenditures across Amazon in 2026, and anticipate strong long-term return on invested capital."

But unlike Microsoft, Amazon is already seeing its cloud growth rate accelerate. Amazon Web Services (AWS) -- the company's cloud-computing business -- saw revenue rise 24% year over year in the fourth quarter to $35.6 billion. That pace is notably up from 20% growth in the prior quarter.

And this top-line momentum is flowing through to the bottom line. Amazon reported fourth-quarter operating income of $25.0 billion, up from $21.2 billion a year earlier.

Beyond the cloud, the company's sprawling e-commerce operation and a fast-growing advertising business also enhance the business, helping push overall net sales up 14% year over year to $213.4 billion.

Further, Amazon's approach to AI hardware could also be a long-term advantage. The company is aggressively scaling its custom silicon to lower customer costs (a very Amazon-like thing to do). Combining its Trainium and Graviton chips, Amazon now boasts a chip business with an annual revenue run rate of over $10 billion.

The better buy To me, Amazon looks like the clear winner when comparing the two.

Both stocks trade at similar valuations. As of this writing, Amazon's price-to-earnings ratio is about 29, while Microsoft sits at about 25.

But one business's profit margins are arguably more resilient over the long haul.

Software investors are accustomed to Microsoft's sky-high profit margins. If the AI era turns cloud computing into a capital-intensive race to the bottom on price, Microsoft has a long way to fall. Its valuation leaves little room for error if those heavy infrastructure investments begin to erode profitability.

Amazon, on the other hand, operates with a retailer's mindset. It is inherently a lower-margin, high-volume operator whose business model is structurally built to endure pricing pressure. The company is already focused on driving down the cost of AI compute, making it well-positioned to compete on price without breaking its economic model. With AWS accelerating and a proven tolerance for capital-intensive growth, I believe Amazon stock offers investors a safer risk-reward trade-off today.

FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company's headquarters in the Swiss town of Baar November 20, 2012. REUTERS/Arnd Wiegmann/File Photo/File... Purchase Licensing Rights, opens new tab Read more

CompaniesMarch 13 (Reuters) - Workers at Glencore's (GLEN.L), opens new tab copper refinery in North Queensland went on strike after ​negotiations that began nearly a ‌year ago failed to resolve disputes over better wages and working conditions, the Australian ​Workers' Union (AWU) said on Friday.

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Members ​of the union stopped work for four ⁠hours at the Townsville refinery before resuming ​operations.

"If Glencore aren’t interested in improving ​on their offer, the action will continue," AWU Northern District secretary Jim Wilson ​said. He added that the union ​does not plan any further action for now.

On ‌Wednesday, ⁠the union said it planned to go on strike as the miner had refused to offer workers a "decent" ​wage increase ​that kept ⁠up with the rising cost of living.

The London-listed company mines zinc, copper, ​silver and other minerals across ​20 active operations ⁠in Australia and employs about 17,000 people, according to its website.

Glencore ⁠did ​not immediately respond to a ​Reuters request for comment.

Reporting by Nikita Maria Jino ​in Bengaluru; Editing by Sonia Cheema

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Vienna Insurance Group AG (VNRFY) Q4 2025 Press Conference Call March 12, 2026 5:00 AM EDT

Company Participants

Hartwig Loger - Chairman of the Managing Board, CEO & GM
Liane Hirner - Member of the Managing Board, Chief Finance & Risk Officer
Gerhard Lahner - Member of the Managing Board & COO
Karin Kafesie - Head of Communication, internal Cooperation & Collaboration
Sonja Brandtmayer - Deputy Chairwoman of Management Board
Peter Höfinger - Deputy GM & Deputy Chairman of the Managing Board

Presentation

Hartwig Loger
Chairman of the Managing Board, CEO & GM

Ladies and gentlemen, it's a great pleasure to be able to welcome you here today together with my colleagues, Liane Hirner and Gerhard Lahner. Once again, we have a great view here of Vienna. The sun is shining out, and we are happy to be able to present the figures. And also, we are going to present you an outlook of the next quarters.

So we are going to present the preliminary figures of VIG of 2025. And the outlook is going to be the first of the financial year 2026. Actually, 2 months have been recorded and also evolve28 will be presented. We're also going to have a look on the next 3 years. And in addition to what Gerhard Lahner is going to present, we are going to talk about the expected takeover of NURNBERGER, an insurance company that was something that was a significant event in 2025, but more about that later on.

I would like to start my presentation. And once again, I would like to show you our market position, the market position of Vienna Insurance Group. Our core market continues to be in the CEE region. The colorful map speaks to the diversity of the countries. We operate in 30 countries, 20 of which are in our core market. They have a highly diverse

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Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

The shareholders of HMS Networks AB (publ), Reg. no. 556661-8954, are hereby invited to the Annual General Meeting, which will be held at 10.30 a.m. on Thursday April 23, 2026, at the HMS head office, Stationsgatan 37, Halmstad. Registration for the Annual General Meeting will begin at 9.30 a.m.

Right to participate in the Annual General Meeting
Shareholders who wish to participate in the Annual General Meeting must be registered in the share register kept by Euroclear Sweden AB (the Swedish Central Securities Depository) on Wednesday April 15, 2026, and give notice of their intention to participate in the Annual General Meeting no later than on Friday April 17, 2026, preferably before 4 p.m.

Notification shall be made by phone +46 (0)35 17 29 00, in writing to HMS Networks AB, ”Annual General Meeting”, P.O. Box 4126, 300 04 Halmstad, Sweden or via the website: www.hms-networks.com. The notification should include name, personal ID number/CIN, address, daytime telephone number and, when applicable, information on assistants (no more than two).

Proxies
If a shareholder is represented by a proxy, a proxy should be issued with a power of attorney for the proxy. Anyone representing a legal entity must present a copy of the registration certificate, or other document demonstrating the signatory’s authority to sign for the legal entity. The power of attorney may not be more than one year old, unless a longer period of validity is stated in the power of attorney (no more than five years). The power of attorney in original and, if applicable, registration certificate must be sent to HMS Networks AB, ”Annual General Meeting”, P.O. Box 4126, 300 04 Halmstad, Sweden or by email to [email protected], well in advance of the Annual General Meeting. A form of power of attorney is available on the HMS website www.hms-networks.com and at the company’s head office.

Nominee registered shares
In order to be entitled to participate in the Annual General Meeting, a shareholder whose shares are registered in the name of a nominee must, in addition to giving notice of participation in the Annual General Meeting, register its shares in its own name so that the shareholder is listed in the presentation of the share register as of Wednesday April 15, 2026. Such registration may be temporary (so-called voting rights registration), and request for such voting rights registration shall be made to the nominee in accordance with the nominee’s routines at such a time in advance as decided by the nominee. Voting rights registrations that have been made by the nominee no later than Friday April 17, 2026, will be taken into account in the presentation of the share register.

Proposed agenda

Opening of the MeetingElection of Chairperson of the MeetingPreparation and approval of the voting listApproval of the agendaElection of one or two persons to approve the minutesDetermination as to whether the Meeting has been duly convenedPresentation of the Annual Report, including the sustainability report, Auditors’ Report and the Consolidated Accounts and Consolidated Auditors’ Report, as well as the auditor’s assurance report on the sustainability reportthe statement by the Auditor on the compliance with the current guidelines for remuneration to senior executivesthe Board of Directors’ proposals according to items 14-16 Report by the CEOResolution concerning the adoption of the Income Statement and Balance Sheet, and of the Consolidated Income Statement and Consolidated Balance Sheetthe allocation of the company's profit as set forth in the adopted Balance Sheetthe discharge of liability for Board Members and CEO Determination of the number of Board Members and Deputies and AuditorsDetermination of fees payable to Board Members and AuditorElection of Board MembersElection of AuditorResolution on approval of remuneration reportResolution on the Board of Directors’ proposal for authorization of the Board of Directors to resolve on new share issues Resolution on the Board of Directors’ proposal for (a) implementation of a performance-based Share Saving Plan 2027–2030 for all employees, (b) authorization of the Board of Directors to resolve on repurchase of own shares within Share Saving Plan 2027–2030 and (c) transfer of own shares to participants in Share Saving Plan 2027–2030Closing of the Meeting The Nomination Committee’s proposals
Election of Chairperson of the Meeting, determination of the number of Board Members and Deputies and Auditors, determination of fees payable to Board Members and Auditor and election of Board Members and election of Auditor (item 2 and 10-13)
The Nomination Committee for 2026, comprising Chairperson Johan Menckel (Investment AB Latour), Staffan Dahlström (own holding), Sophie Larsén (AMF Fonder), Patrik Jönsson (SEB Investment Management AB) and Charlotte Brogren (Chairperson of the Board) proposes:

that Charlotte Brogren shall be appointed Chairperson of the Annual General Meeting (item 2);that the Board of Directors increases with one Board Member and therefore shall consist of seven Board Members elected by the General Meeting, without any Deputies and that a registered public accounting firm shall be elected as Auditor (item 10);that fees to the Board Members shall amount to a total of SEK 3,180,000 (2,575,000), excluding committee fees, of which SEK 960,000 (875,000) shall be paid to the Chairperson, and SEK 370,000 (340,000) to each other Board Member elected by the General Meeting, that the fee for work in the Audit Committee shall amount to SEK 185,000 (170,000) to the Chairperson and SEK 95,000 (88,000) to each other member in the Audit Committee and that no fees shall be paid for work in other committees. The fees to the Auditor shall be paid according to approved invoices (item 11);that the Board Members Charlotte Brogren, Anders Mörck, Cecilia Wachtmeister, Niklas Edling, Anna Kleine and Johan Stakeberg shall be re-elected as Board Members, that Henrik Elmin shall be elected as new Board Member, and that Charlotte Brogren shall be re-elected as Chairperson of the Board (item 12) andthat, in accordance with the Audit Committee’s recommendation, Öhrlings PricewaterhouseCoopers AB is re-elected as the company’s Auditor, with Johan Palmgren as auditor in charge for a mandate period of one year (item 13). Proposals from the Board of Directors
Resolution concerning the allocation of the company's profit as set forth in the adopted Balance Sheet (item 9b)
The Board of Directors proposes a dividend for the 2025 financial year of SEK 4.80 per share. The proposed record date for the dividend is Monday April 27,2026. If the Annual General Meeting resolves in accordance with the proposal, the estimated date for payment of the dividend from Euroclear Sweden is Thursday April 30, 2026.

Resolution on the Board of Directors’ proposal for authorisation of the Board of Directors to resolve on new share issues (item 15)
The Board of Directors proposes that the Annual General Meeting resolves to authorise the Board of Directors to resolve on new share issues in accordance with the following conditions: 

The authorisation may be exercised on one or several occasions up to the Annual General Meeting 2027.
Issues may be made of such number of shares that corresponds to a maximum of 10 per cent of the company’s share capital on the date when the authorisation is utilised for the first time.
An issue may be made with or without deviation from the shareholders’ preferential right.
An issue may be made against cash payment, by set-off or by contribution in kind.
The subscription price shall, at deviation from the shareholders’ preferential right, be determined in accordance with market practice. The Board of Directors shall be entitled to determine other terms of the issue.
The purpose of the authorisation, and the reason for the deviation from the shareholders’ preferential right, is to enable the company to finance or carry out, in whole or in part, acquisitions of companies.

Under the Swedish Companies Act, the resolution of the General Meeting on authorisation for the Board of Directors to resolve on new share issues requires the support of shareholders representing at least two-thirds of both the number of votes cast and the shares represented at the Meeting in order to be valid.

Resolution on the Board of Directors’ proposal on (a) implementation of a performance-based Share Saving Plan 2027–2030 for all employees, (b) authorisation of the Board of Directors to resolve on repurchase of own shares within Share Saving Plan 2027–2030 and (c) transfer of own shares to participants in Share Saving Plan 2027–2030 (item 16)

A. Implementation of performance-based Share Saving Plan 2027–2030 for all employees

The Board of Directors proposes that the Annual General Meeting resolves on implementation of the below described Share Saving Plan 2027–2030 to all employees, comprising a maximum of 60,000 shares in the company, according to the following principal conditions:

Employees within the group as per 31 December 2026 (approximately 1,050 persons) will be offered to participate in the program. In order to participate in the program, the participant must, with own funds, make an investment of minimum 1% and maximum between 3% and 6% (depending on position, se item 2 below) of his or her annual fixed gross salary in shares in the company at market price over Nasdaq Stockholm (“Saving Shares”). Notification of participation in Share Saving Program 2027–2030 shall be made no later than 31 December 2026. The investment shall take place during 2027 and shall be made to an amount corresponding to minimum 1% of the gross salary for 2026, with the possibility to further investment up to the fixed maximum amount.
For senior executives (approximately 120 persons), it is required that the own investment amounts to a minimum of 1% and a maximum of 6% of the gross salary for 2026. For other employees (approximately 930 persons), it is required that the own investment amounts to a minimum of 1% and maximum of 3% of the gross salary for 2026.
Each Saving Share entitles the participant to receive free of charge a maximum of two (2) shares in the company, based on the achievement of certain performance conditions (“Performance Share”). The performance conditions are based on the development of earnings per share according to determined objectives by the Board of Directors during the financial years 2028-2030 (the “Measurement Period”). The performance condition that must be achieved of exceeded relates to average annual growth of the company’s earnings per share during the Measurement Period, whereby Performance Shares is received linearly between the interval 0-20% and an average annual growth during the Measurement Period of 20% corresponds to maximum allotment, i.e. two (2) Performance Shares. Through the connection to earnings per share throughout the measurement period, the performance conditions contribute to the company’s long-term value creation.
Upon achievement of the performance conditions, Performance Shares will be received within 60 days after the day of the publishing of the year-end report regarding the financial year 2030. Subject to customary exceptions, the participant does not receive Performance Shares if the participant does not acquire Saving Shares according to determined minimum level, does not hold all his or her Saving Shares up to and including 31 December 2030, or does not remain in his or her employment or equivalent within the group as per this date.
A small number of selected consultants with assignments of essential importance for the company should be offered to, on comparable terms and conditions, participate in Share Saving Plan 2027–2030.
The Board of Directors shall be responsible for the detailed terms and conditions of Share Saving Plan 2027–2030 within the scope the above stated principal terms and conditions, as well as such reasonable adjustments of the program which are deemed appropriate or efficient due to legal or administrative conditions. In addition, the Board of Directors shall have the right to make minor adjustments to the terms and conditions and the administration of the share saving plan, in order to comply with local rules, market practice and administrative circumstances, in a cost-effective manner in some of the group's jurisdictions other than Sweden. B. Authorisation for the Board of Directors to resolve on repurchase of own shares within Share Saving Plan 2027–2030

To enable the company’s delivery of Performance Shares according to Share Saving Plan 2027–2030, the Board of Directors proposes that the Annual General Meeting resolves to authorise the Board of Directors to resolve on repurchase of own shares in accordance with the following conditions:

The repurchase of shares shall take place on Nasdaq Stockholm and pursuant to Nasdaq Stockholm’s Nordic Main Market Rulebook for Issuers of Shares.
The authorisation may be exercised on one or several occasions until the Annual General Meeting 2027.
The repurchase shall as a maximum comprise the number of shares required for delivery of Performance Shares to the participants in Share Saving Plan 2027–2030, however no more than 60,000 shares.
Acquisitions shall be made in compliance with the pricing restrictions set out in Nasdaq Stockholm’s Nordic Main Market Rulebook for Issuers of Shares which, e.g., provides that the purchase shares may not be made at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out. Purchases may not be made at a lower price than the lowest price at which an independent purchase may be made.
Payment of the repurchased shares shall be made in cash.
The Board of Directors shall have the right to resolve on other terms and conditions for the repurchase. The repurchase is expected to take place on one or several occasions in conjunction with the notification and investment periods during 2026 and 2027. To the extent that repurchase must be made after the Annual General Meeting 2027 in order to ensure delivery of shares according to the program’s maximum amount, a new authorisation for repurchase of shares is required by the next Annual General Meeting.

C. Transfer of own shares to participants in the Share Saving Plan 2027-2030

To be able to deliver Performance Shares under Share Saving Plan 2027–2030, the Board of Directors proposes that the Annual General Meeting resolves on transfer of own shares in accordance with the following conditions:

A maximum number of 60,000 shares may be transferred free of charge to participants in Share Saving Plan 2027–2030.
With deviation from the shareholders’ preferential rights, the right to acquire shares free of charge shall comprise persons within the group participating in Share Saving Plan 2027–2030, with a right for each of the participant to acquire the maximum number of shares stipulated in the terms and conditions of the Share Saving Plan 2027–2030.
Transfer of shares shall be made free of charge at the time for, and according to the terms for, the allotment of shares to participants in Share Saving Plan 2027–2030.
The number of shares that may be transferred under Share Saving Plan 2027–2030 may be recalculated due to any intervening split or reverse share split, bonus issue, preferential issue and/or similar corporate actions. The reason for deviation from the shareholders' preferential rights is to enable the company to transfer Performance Shares to the participants in Share Saving Plan 2027–2030.

Shares that have been acquired by the company, and which are not transferred to participants in the Share Saving Plan 2027–2030 may be transferred to participants in previous share saving plans or future share saving plans decided on by the General Meeting of the company. Also, such shares acquired by the company within previous years' share saving plans may be transferred to participants in the Share Saving Plan 2027–2030, previous share saving plans or future share saving plans decided on by the General Meeting. Transfer shall take place in accordance with applicable rules for the current share saving plan.

Estimated costs
The program will generate costs related to the application of IFRS 2 “Share-related remuneration” amounting to approximately m 23 SEK and costs for social security contributions of approximately m 7 SEK for the shares which are allotted free of charge. The total effect on the income statement is estimated to amount to approximately m 30 SEK, distributed over the years 2027–2030.

Costs according to IFRS 2 do not affect the cash flow or equity during the duration of the Share Saving Plan. The acquisition cost of the shares is estimated to approximately m 23 SEK and will affect the cash flow and equity in connection with acquisition of the shares. The social security contributions effect the equity continuously, but the cash flow only in 2031, after that the shares has been allotted. Administrative costs for the program are estimated to amount to m 0.8 SEK during the duration of the program.

The above cost-estimate is based on assumptions that just over half of the employees participate in the program, that all participants remain until the end of the program, an investment level per participant based on historical outcome and a maximum outcome on the performance conditions corresponding to two (2) Performance Shares per Saving Share. For the share price at the end of the program, a development corresponding to the outcome of the performance condition earnings per share has been assumed.

Reason for the proposal
The Board of Directors’ reason for the abovementioned proposal on Share Saving Plan 2027–2030 is that a personal long-term owner commitment in the company by the employees is expected to stimulate an increased interest for the company’s operation and earnings, and to increase the motivation and affinity with the company. The offering and participation in the Share Saving Plan shall be considered as a part of the total remuneration package. Therefore, the Board of Directors assesses that the Share Saving Plan is favourably for both the company and its shareholders. It is the Board of Directors’ intention to annually return to the Annual General Meeting with proposals for share saving plans with equivalent conditions and effects. In case the conditions for the assumptions on number of employees that may be offered to participate in the share saving program or otherwise that is the basis for the calculations of the maximum size of the program change, the Board of Directors’ intends to return with a supplementary proposal to the Annual General Meeting 2027 regarding repurchase and transfer of own shares within Share Saving Plan 2027–2030, in order to ensure that employees as per 31 December 2026 who wish to participate in the program can do so.

Effects on key ratios
As per the date of the Board of Directors’ proposal, the number of shares in the company amounts to 50,318,868. The Share Saving Plan 2027–2030is expected to result in acquisition and transfer of a total of approximately 60,000 shares, which corresponds to approximately 0.12% of the total number of outstanding shares and votes. The key ratio earnings per share is not expected to be affected substantially.

Majority resolution
Decision on the Board of Directors’ proposal under items A, B and C shall be made as a joint decision. The proposal, to be valid, must be supported by shareholders holding at least nine-tenths of both the number of votes cast, as well as of the number of shares represented at the meeting.

Shareholders’ right to receive information
The Board of Directors and CEO shall at the Annual General Meeting, if any shareholder so requests and the Board of Directors believes that it can be done without material harm to the company, provide information regarding circumstances that may affect the assessment of an item on the agenda, circumstances that may affect the assessment of the company’s or its subsidiaries’ financial situation and the company’s relation to another company within the group.

Available documents
The Nomination Committee’s reasoned statement and form of power of attorney are available at the company and on the company’s website, www.hms-networks.com.

The Annual Report (including the sustainability report) and Auditor’s Report for the parent company and the group as well as the auditor’s assurance report on the sustainability report for the 2025 financial year and the Board of Directors complete proposal regarding items 14-16 and the Auditors’ statement on whether the current guidelines for remuneration to senior executives have been complied with, will be available at the company and on the company’s website, www.hms-networks.com, no later than April 2, 2026.

The documents will be sent free of charge to shareholders who so request and state their postal address. A printed version of the Annual Report may be received by sending address details to
[email protected].

Number of shares and votes in the company
As per March 18, 2025, the total number of shares and votes in the company amounts to 50,318,868. As of the same date, the company’s holding of own shares amounts to 124,852 which do not entitle to any voting right as long as the company is the holder of the shares.

Processing of personal data
For information on processing of personal data, see
https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.

If you have questions regarding our processing of your personal data, you can contact us by emailing [email protected]. HMS Networks AB (publ) has company registration number 556661-8954 and the Board of Directors’ registered office is in Halmstad.
        

....................................................

Halmstad, March 2026
HMS Networks AB (publ)
The Board of Directors

For more information please contact:

CEO Staffan Dahlström, phone: +46-35-17 29 01
CFO Joakim Nideborn, phone: +46-35-710 69 83

HMS Networks AB (publ) is a market-leading provider of solutions in Industrial Information and Communication Technology (Industrial ICT) and employs over 1,100 people. Local sales and support are handled through over 20 sales offices all over the world, as well as through a wide network of distributors and partners. HMS reported sales of SEK 3,577 million in 2025 and is listed on the NASDAQ OMX in Stockholm in the Large Cap segment and Telecommunications sector.

HMS - Notice of the Annual General Meeting 2026

Q4: 2026-03-12 Earnings SummaryEPS of $0.12 beats by $0.03

 |

Revenue of

$688.14M

(6.37% Y/Y)

beats by $2.76M

KinderCare Learning Companies, Inc. (KLC) Q4 2025 Earnings Call March 12, 2026 5:00 PM EDT

Company Participants

Olivia Kirrer - Vice President of Growth Finance and M & A
John Wyatt - Chairman & CEO
Anthony Amandi - Chief Financial Officer

Conference Call Participants

Keen Fai Tong - Goldman Sachs Group, Inc., Research Division
Andrew Steinerman - JPMorgan Chase & Co, Research Division
Jeffrey Meuler - Robert W. Baird & Co. Incorporated, Research Division
John Ronan Kennedy - Barclays Bank PLC, Research Division
Toni Kaplan - Morgan Stanley, Research Division
Joshua Chan - UBS Investment Bank, Research Division

Presentation

Operator

Good afternoon, ladies and gentlemen, and welcome to the KinderCare Fourth Quarter 2025 Earnings Call. [Operator Instructions] This call is being recorded on Thursday, March 12, 2026. I would now like to turn the conference over to Ms. Olivia Kirrer, Vice President of Investor Relations. Please go ahead.

Olivia Kirrer
Vice President of Growth Finance and M & A

Thank you, and good evening, everyone. Welcome to KinderCare's Fourth Quarter and Full Fiscal Year 2025 Earnings Call. Joining me from the company are Chief Executive Officer, Tom Wyatt; and Chief Financial Officer, Tony Amandi. Following Tom and Tony's comments today, we will have a question-and-answer session.

During this call, we will be discussing non GAAP financial measures. The most directly comparable GAAP financial measures and a reconciliation of the differences between the GAAP and non GAAP financial measures are available in our earnings release, which is posted on our Investor Relations website at investors.kindercare.com under the Financials tab.

And finally, a reminder that certain statements made today may be forward-looking statements. These statements are made based upon management's current expectations and beliefs concerning future events impacting the company and involve a number of uncertainties and risks, which are explained in detail in the Risk Factors section of our