Market Signal Briefing

Citigroup Inc. (NYSE:C) has quietly joined Wall Street's stablecoin race, investing in U.K.-based BVNK as banks prepare for what could become a $1.9 trillion market for tokenized dollars.

Citi Deepens Push Into Tokenized MoneyThe deal came through Citi Ventures on Thursday. BVNK handles over $20 billion in annual transactions for clients such as Worldpay, Flywire, and dLocal.

"Stablecoins are gaining traction in on-chain settlement and asset payments," said Arvind Purushotham, head of Citi Ventures. The bank did not disclose the deal's size.

Citi joins peers accelerating into the regulated stablecoin sector after the GENIUS Act took effect in July. The new law gives U.S. banks authority to issue and manage payment stablecoins under Treasury oversight.

From Bitcoin Skepticism To Dollar TokenizationCiti's move marks a sharp shift from speculative crypto trading toward practical tokenization of dollars and financial instruments. 

CEO Jane Fraser said this summer that Citi is exploring its own Citi-branded stablecoin. The goal is to make global settlement faster and improve digital custody services.

Citi's in-house research division recently raised its 2030 base-case forecast for stablecoin issuance to $1.9 trillion, reflecting the scale of potential institutional adoption. 

By comparison, DefiLlama data shows the current global stablecoin supply stands at $289.3 billion, led by Tether (USDT) and USD Coin (USDC).

Goldman Sachs and JPMorgan have also advanced in this area. 

JPMorgan's JPM Coin already facilitates billions in daily wholesale transfers, while Goldman is developing tokenized cash settlement tools within its digital-assets division.

The GENIUS Act Opens A New ChapterThe GENIUS Act, passed in July, is seen as the most consequential U.S. financial law since Dodd-Frank in terms of digital asset impact. 

It formalizes how stablecoins can be issued, backed, and supervised by insured depository institutions, giving traditional banks the green light to participate without falling afoul of securities laws.

The Treasury Department is now conducting a public consultation phase to shape implementation guidelines — a step that could officially bring stablecoins into the U.S. payments system by 2026.

Why It MattersStablecoins are no longer just crypto plumbing — they are becoming the pipes of global finance. 

Citi's bet on BVNK signals that dollar-backed tokens may evolve into the default medium for cross-border money movement, rivaling SWIFT. 

The $1.9 trillion forecast is not simply growth, it's a reshaping of how value flows between nations, banks, and corporations. 

If Wall Street aligns behind this model, stablecoins could become the first blockchain use case to leap from fringe to financial backbone.

Read Next:

Luxembourg Invests In Bitcoin, Allocates 1% Of Sovereign Wealth Fund Portfolio
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Key Takeaways UNH's Optum Rx division is automating refill, claim and formulary tasks to streamline pharmacy operations.AI-driven systems at Optum Rx flag drug risks and improve medication adherence in real time.UNH posted 19% revenue growth at Optum Rx, fueled by new clients and expanding service relationships.
UnitedHealth Group Incorporated (UNH - Free Report) is doubling down on digital transformation throughout its healthcare ecosystem, with its pharmacy benefits division, Optum Rx, playing a key role in this initiative. In order to give patients a faster, safer and more personalized prescription experience, the company is investing more resources in automated and data-integrated workflows.

At the core of this strategy, Optum Rx is transforming routine administrative tasks like refill authorizations, claim verifications and formulary checks into smart, automated systems. This shift allows pharmacists to spend more time on clinical counselling and engaging with patients rather than doing paperwork. By harnessing predictive analytics and AI-driven platforms, Optum Rx can spot gaps in medication adherence, flag potential drug interactions and suggest optimized therapy options in real time. It also plans to remove the need for reauthorization on certain medications for chronic conditions, which marks another step aimed at making care more straightforward and continuous.

This digital transformation highlights UNH’s commitment to leveraging technology for better healthcare delivery and enhancing patient engagement. In the second quarter of 2025, Optum Rx’s revenues rose 19% year over year, benefited from growth in new clients, expansion in existing client relationships and pharmacy services.

However, the real challenge lies in maintaining the essential human touch throughout the process, making sure that technology enhances the roles of pharmacists and supports patients without replacing the personal guidance that matters most. If UNH can balance between innovation and trust, Optum Rx’s automation model could serve as a blueprint for the broader healthcare system, enhancing patient experiences.

How Are Competitors Faring?Some of UNH’s major competitors in the AI-enabled healthcare workflows are Elevance Health, Inc. (ELV - Free Report) and Humana Inc. (HUM - Free Report) .

Elevance Health is taking a comprehensive approach by integrating AI across the entire organization. Instead of running isolated programs, Elevance Health is using AI as a strategic asset to reduce costs, enhance operational efficiency and provide clinical and experiential benefits to members and provider partners.

Humana focuses on using AI ethically to improve patient experience, enhance care quality and achieve better health outcomes while ensuring human involvement in any clinical decision-making process. Humana’s CenterWell segment’s revenues rose 11.9% year over year in the second quarter of 2025.

UnitedHealth’s Price Performance, Valuation & EstimatesShares of UNH have declined 26.9% in the year-to-date period compared with the industry’s fall of 21.3%.

Image Source: Zacks Investment Research

From a valuation standpoint, UnitedHealth trades at a forward price-to-earnings ratio of 21.48, above the industry average of 16.84. UNH carries a Value Score of B.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for UnitedHealth’s 2025 earnings is pegged at $16.20 per share, implying a 41.4% drop from the year-ago period.

Image Source: Zacks Investment Research

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

Helen of Troy Limited (NASDAQ:HELE) Q2 2026 Earnings Call October 9, 2025 9:00 AM EDT

Company Participants

Anne Rakunas - Director of External Communications
George Uzzell - Chief Executive Officer
Brian Grass - Chief Financial Officer
Tracy Schuerman

Conference Call Participants

Rupesh Parikh - Oppenheimer & Co. Inc., Research Division
Bob Labick - CJS Securities, Inc.
Susan Anderson - Canaccord Genuity Corp., Research Division
Olivia Tong Cheang - Raymond James & Associates, Inc., Research Division

Presentation

Operator

Greetings. Welcome to Helen of Troy's Second Quarter Fiscal 2026 Earnings Call. [Operator Instructions] Please note that this conference is being recorded. I'll now turn the conference over to Anne Rakunas, Director, External Communications. Thank you, Anne. You may now begin.

Anne Rakunas
Director of External Communications

Thank you, operator. Good morning, everyone. Welcome to Helen of Troy's Second Quarter Fiscal 2026 Earnings Conference Call. Before I review our agenda with you, I'd like to welcome our new Chief Executive Officer, Scott Uzzell, who joined the company last month.

The agenda for the call this morning is as follows: I will begin with a brief discussion of forward-looking statements. Scott will then share some of his initial thoughts and areas of focus, and Brian Grass will provide a high-level discussion of the quarter and our progress on key initiatives. Tracy Schuerman, our Assistant CFO, will then provide an overview of our financial performance in the second quarter and provide commentary on our expectations for the full year fiscal '26. Following our prepared remarks, we will open up the call for Q&A.

This conference call may contain certain forward-looking statements that are based on management's current expectations with respect to future events or financial performance. Generally, the words anticipates, believes, expects and other similar words are words identifying forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties that could

Recommended For You

SAN FRANCISCO, Oct. 09, 2025 (GLOBE NEWSWIRE) -- On August 15, 2025, shares in Soleno Therapeutics, Inc. (NASDAQ: SLNO) experienced a significant drop following the release of a highly critical report by Scorpion Capital.

Hagens Berman, a national shareholders rights firm, has opened an investigation into Soleno. The firm will investigate whether Soleno may have misled investors about VYKAT™ XR. The drug, a once-daily oral tablet, is designed to treat hyperphagia. Soleno has described this condition as "the most life-limiting aspect" of Prader-Willi syndrome, a rare genetic disorder that causes physical, mental, and behavioral problems.

The firm urges investors in Soleno who suffered significant losses to submit your losses now.

Visit: www.hbsslaw.com/investor-fraud/slno
Contact the Firm Now: [email protected]
   844-916-0895

Soleno Therapeutics, Inc. (SLNO) Investigation:

The investigation is focused on the propriety of Soleno’s statements concerning the safety and commercial prospects of VYKAT™ XR and its repeated assurances about the commercial prospects for it.

On August 15, 2025, Soleno's disclosures came under question with the publication of a forensic research report by activist short seller Scorpion. In its report, Scorpion made several observations regarding VYKAT™ XR.

The firm noted a "rapid pile-up of reports of children hospitalized for potential heart failure" shortly after using the drug, leading Scorpion to conclude that VYKAT™ XR could be at risk of being withdrawn from the market or that new prescriptions might "plunge."

Scorpion further described Soleno as a "one-trick pony" with no other "meaningful assets, pipeline or scientific program." The report characterized Soleno's sole drug as an "inferior tablet version of a half-century old suspension," highlighting the risk of the company's demise if VYKAT™ XR were to fail, given that its core patent was set to expire in 2026.

Furthermore, Scorpion alleged that Soleno's "launch metrics are hocus-pocus," claiming that the company was highly dependent on a "controversial physician" in Gainesville, Florida, who was the lead investigator on key trials. The report suggested this physician might be an "invisible hand fueling initial start forms."

Finally, Scorpion raised concerns about the physician's co-authored papers, alleging that they "exhibit irregularities consistent with red flags for data integrity and adherence to scientific standards, casting doubt onto the validity of SLNO’s trials, publications, and FDA submissions."

This news drove the price of Soleno shares sharply lower on August 15, 2025.

“We’re investigating whether Soleno may have misled investors about the support it has said it has about the commercial prospects of VYKAT™ XR,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Soleno and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now »

If you’d like more information and answers to frequently asked questions about the Soleno investigation, read more »

Whistleblowers: Persons with non-public information regarding Soleno should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. 

Contact:
Reed Kathrein, 844-916-0895

, /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Fortinet, Inc. ("Fortinet") (NASDAQ: FTNT) on behalf of those who purchased or otherwise acquired Fortinet common stock between November 8, 2024, and August 6, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is November 21, 2025.

CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: 
If you suffered Fortinet losses, you may CLICK HERE or copy and paste the following link into your browser: https://www.ktmc.com/new-cases/fortinet-inc?utm_source=PR_Newswire&mktm=PR

You can also contact attorney Jonathan Naji, Esq.  by calling (484) 270-1453 or by email at [email protected].

DEFENDANTS' ALLEGED MISCONDUCT:
The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Fortinet knew that the company's refresh cycle would never be as lucrative as they represented because it consisted of old products that were a "small percentage" of Fortinet's business; (2) Fortinet misrepresented and concealed that the company did not have a clear picture of the true number of FortiGate firewalls that could be upgraded; (3) while telling investors that the refresh would gain momentum over the course of two years, Fortinet misrepresented and concealed that the company had aggressively pushed through roughly half of the refresh in a period of just a few months, by the end of second quarter 2025; and (4) as a result of the foregoing, Defendants' statements about the company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Please CLICK HERE to view our video or copy and paste this link into your browser: https://youtu.be/2-aYECTS09c

THE LEAD PLAINTIFF PROCESS:
Fortinet investors may, no later than November 21, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP encourages Fortinet investors who have suffered significant losses to contact the firm directly to acquire more information.

CLICK HERE  TO SIGN UP FOR THE CASE  OR GO TO:  https://www.ktmc.com/new-cases/fortinet-inc?utm_source=PR_Newswire&mktm=PR

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected] 

May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.

SOURCE Kessler Topaz Meltzer & Check, LLP

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Key Takeaways Berkshire is buying Occidental's chemical arm OxyChem for $9.7B in cash, closing in Q4 2025.The deal strengthens Berkshire's oil, gas and chemical exposure through a resilient business mix.BRK.B shares are up 10.3% YTD, with consensus forecasts showing revenue gains into 2026.
Berkshire Hathaway (BRK.B - Free Report) is strengthening its oil and gas business by buying Occidental’s chemical business, OxyChem, for $9.7 billion in cash. OxyChem is a global manufacturer of commodity chemicals. As Berkshire already holds a good stake in Occidental, buying the chemical business seems prudent. The transaction is expected to be closed in the fourth quarter of 2025, pending approvals and other closing conditions.

OxyChem produces essential base chemicals and this exposure to essential chemical inputs offers resilience through industrial cycles. Berkshire has a compelling energy portfolio, including exposure to Occidental and Berkshire Hathaway Energy Company, a diversified energy company with a heightened focus on renewable energy. These offer steady cash flow, long-term capital growth and a hedge spanning the commodity and utility sectors.

Berkshire Hathaway is a diversified conglomerate and one of the largest property and casualty insurers globally. Its non-insurance business provides stability to the company. Berkshire stays focused on growing its non-insurance business whenever an opportunity arises.

Berkshire boasts an impressive acquisition portfolio. This conglomerate, with Warren Buffett at its helm, targets businesses with durable earnings power, strong returns on equity with modest debt and skilled management. With more than $344 billion in liquidity, Berkshire is well-positioned to deploy capital. Acquisitions have collectively fueled Berkshire’s growth by adding resilient cash-generating businesses, diversifying income streams and expanding its investment base.

What About BRK.B’s Competitors?NextEra Energy (NEE - Free Report) and Dominion Energy (D - Free Report) are two other renewable-focused companies that give competition to Berkshire Hathaway Energy.

NextEra Energy is well-positioned in the renewable energy business, owing to early and aggressive investments in wind, solar and battery storage technologies. NextEra’s established renewable infrastructure places it ahead of competitors. This allows the company to tap into the rising demand for low-carbon energy.

Dominion plans to invest $50 billion in 2025-2029, with a long-term objective to add clean energy projects by 2036. The company aims for a 15% annual increase in the renewable energy capacity. Dominion also operates four nuclear power stations, which generate nearly 40% of its total production.

BRK.B’s Price PerformanceShares of BRK.B have gained 10.3% year to date, outperforming the industry.

Image Source: Zacks Investment Research

BRK.B’s Expensive ValuationBRK.B trades at a price-to-book value ratio of 1.61, above the industry average of 1.57. It carries a Value Score of D.

Image Source: Zacks Investment Research

Estimate Movement for BRK.BThe Zacks Consensus Estimate for BRK.B’s third and fourth-quarter 2025 EPS has witnessed no movement over the past 30 days. The consensus estimate for full-year 2025 has moved 0.3% higher in the past 30 days but the same for 2026 EPS witnessed no movement over the same time frame.

Image Source: Zacks Investment Research

The consensus estimates for BRK.B’s 2025 and 2026 revenues indicate year-over-year increases. While the consensus estimate for BRK.B’s 2025 EPS indicates a year-over-year decline, the same for 2026 suggests an increase.

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

SAN FRANCISCO, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Shares of Stride, Inc. (NYSE: LRN), the education technology company, saw a significant decline after reports surfaced of a formal complaint filed with the Securities and Exchange Commission (SEC) by a New Mexico school district, Gallup-McKinley. The complaint alleges fraud, deceptive practices, and systemic legal violations, including inflating student enrollment figures and prioritizing profit over educational compliance.

This development and severe market reaction has prompted national shareholders rights firm Hagens Berman to open an investigation into whether Stride may intentionally have misled investors about its business practices and the sufficiency of its disclosure controls.

The firm urges investors in Stride who suffered significant losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in the investigation to contact its attorneys.

Visit: www.hbsslaw.com/investor-fraud/lrn
Contact the Firm Now: [email protected]
                                               844-916-0895

Stride, Inc. (LRN) Investigation:

Stride provides an educational platform to deliver online learning to students throughout the U.S. The company’s revenues come mostly from sales to virtual and blended public schools. The company is mostly paid from taxpayer funds.

The investigation is focused on the propriety of Stride’s repeated assurances that its products “are designed to help learners of all ages reach their full potential through inspired teaching and personalized learning,” its services include recruitment of state-certified teachers, and it takes its legal compliance obligations seriously.

Stride’s assurances may have come into question on September 14, 2025, when Simply Wall St. published “Fraud Allegations and Lawsuit Might Change the Case for Investing in Stride (LRN),” which revealed Gallup-McKinley filed a complaint against Stride, alleging fraud, deceptive practices, and systemic legal violations that prioritized profits over student welfare.

The complaint filed by Gallup-McKinley reportedly accuses Stride of prioritizing profit margins over student welfare through a series of deceptive practices. Specifically, the allegations include:

Contracting Violations: Willful disregard of New Mexico state laws to improperly secure contracts with various school districts, potentially violating legal compliance requirements ahead of SEC filings.Student Enrollment Inflation: Artificially boosting reported student enrollment figures by including students who never officially started or those who had been absent for at least ten consecutive days.Teacher Ratios and Licensing: Intentionally increasing student-to-teacher ratios to inflate profit margins and employing a significant number of teachers who were insufficiently licensed.Market Manipulation: Utilizing these alleged unlawful business practices to deliberately lower overhead costs for the sole purpose of inflating the company’s stock values for market manipulation. On this news, Stride’s stock price plunged $18.60, or 11%, in heavy trading.

“We’re focused on investors’ losses and whether Stride may have intentionally misled investors about its business practices, which Gallup-McKinley says puts profits over pupils,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Stride and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now »

If you’d like more information and answers to frequently asked questions about the Stride investigation, read more »

Whistleblowers: Persons with non-public information regarding Stride should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. 

Contact:
Reed Kathrein, 844-916-0895

Key Takeaways Mastercard's Recorded Future launched Autonomous Threat Operations to strengthen cyber defense.The AI system automates 24/7 threat hunting, cutting hours of manual security investigations.MA sees the platform as a model for future financial security powered by predictive analytics and AI.
Mastercard Incorporated (MA - Free Report) is doubling down on its cybersecurity arena through its subsidiary, Recorded Future. It recently launched Autonomous Threat Operations, an innovative AI-powered system designed to continuously defend organizations against the ever-changing landscape of digital threats. Autonomous Threat Operations was unveiled at the Predict 2025 conference, marking a significant move in how threat intelligence is evolving from manual, reactive processes to proactive, real-time defense strategies.

By utilizing its unique Intelligence Graph, Recorded Future’s platform automates 24/7 threat hunting and correlates various third-party feeds into actionable insights. This method significantly reduces the 8-12 hours of manual investigation that many security teams endure each week, providing a flexible solution for cyber defense in an ever-evolving landscape where new attack vectors emerge daily.

For major players in the financial world like MA, which handles huge payment volumes and constantly grapples with cyber threats, this development represents more than just a tech achievement as it could serve as a blueprint for the financial defense systems in the future. The company has been actively pouring resources into predictive analytics and AI-powered fraud detection. Initially, Autonomous Threat Operations focuses on Cyber Operations transformation.

If Autonomous Threat Operations delivers on its promise, Mastercard’s Recorded Future could redefine cyber defense, showcasing how AI-driven, continuous protection can revolutionize financial security and set a new standard for intelligent, automated cybersecurity across the industry.

How Are Competitors Faring?Some of MA’s competitors adopting AI to improve operations include Visa Inc. (V - Free Report) and PayPal Holdings, Inc. (PYPL - Free Report) .

Visa is leveraging predictive AI to enhance fraud detection, streamline transaction approvals and provide tailored financial solutions. Visa also enhanced its Visa Account Attack Intelligence (VAAI) offering with the VAAI Score, a tool that harnesses generative AI to pinpoint and evaluate enumeration attacks.

PayPal is increasingly adopting AI to enhance its platform, leveraging real-time data analysis to strengthen security. PayPal has also developed a robust suite of Commerce Tools, empowering developers and businesses to work smarter and faster, streamline payments, automate processes and deliver seamless, personalized experiences to its customers.

Mastercard’s Price Performance, Valuation & EstimatesIn the year-to-date period, MA’s shares have gained 9.2% against the industry’s fall of 3.4%.

Image Source: Zacks Investment Research

From a valuation standpoint, MA trades at a forward price-to-earnings ratio of 31.34, above the industry average of 21.96. MA carries a Value Score of D.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Mastercard’s 2025 earnings implies 11.8% growth from the year-ago period.

Image Source: Zacks Investment Research

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

Q1: 2025-10-08 Earnings SummaryEPS of $0.13 beats by $0.14

 |

Revenue of

$54.61M

(1.64% Y/Y)

beats by $3.10M

Richardson Electronics, Ltd. (NASDAQ:RELL) Q1 2026 Earnings Call October 9, 2025 10:00 AM EDT

Company Participants

Edward Richardson - Chairman, CEO & President
Robert Ben - Executive VP, CFO, Chief Accounting Officer & Corporate Secretary
Gregory Peloquin - Executive Vice President of Power & Microwave Technologies Group
Jens Ruppert - Executive VP & GM of Canvys
Wendy Diddell - Executive VP, COO & Director

Conference Call Participants

Robert Brooks - Northland Capital Markets, Research Division
Anja Soderstrom - Sidoti & Company, LLC

Presentation

Operator

Good day and thank you for standing by. Welcome to the Richardson Electronics Earnings Call for the First Quarter of Fiscal Year 2026. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to turn the call over to your speaker today, Ed Richardson, CEO. You may begin.

Edward Richardson
Chairman, CEO & President

Good morning and thank you all for joining Richardson Electronics conference call for the first quarter of fiscal year 2026. We appreciate your continued support and interest in Richardson Electronics. Joining me today are Bob Ben, Chief Financial Officer; Wendy Diddell, Chief Operating Officer; Greg Peloquin, General Manager of our Power & Microwave Technologies Group, which includes Green Energy Solutions; and Jens Ruppert, General Manager of Canvys.

As a reminder, this call is being recorded and will be available for playback. I would also like to remind you that we'll be making forward-looking statements. They're based on current expectations and involve risks and uncertainties. Therefore, our actual results could be materially different. Please refer to our press release and SEC filings for an explanation of our risk factors. In Q1 of FY '26, total sales were $54.6 million, up from $53.7 million in Q1 of last year. Driven by sales growth in both PMT and Canvys, PMT delivered notable year-over-year sales growth driven by continued strength in our semiconductor and RF power segments. It's important

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SAN FRANCISCO, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Investors in MoonLake Immunotherapeutics (NASDAQ: MLTX) saw the price of their shares crater $55.75, or about 90%, after the company announced disastrous VELA-2 trial results for sonelokimab, its highly anticipated treatment for patients with skin disease (hidradenitis suppurative or “HS”).

The development and severe market reaction has prompted national shareholders rights firm Hagens Berman to open an investigation into whether MoonLake may have misled investors about sonelokimab’s trial design and efficacy.

The firm urges investors in MoonLake who suffered significant losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in the investigation to contact its attorneys.

Visit: www.hbsslaw.com/investor-fraud/mltx
Contact the Firm Now: [email protected]
                                                 844-916-0895

MoonLake Immunotherapeutics (MLTX) Investigation:

The investigation is focused on MoonLake’s disclosures about the company’s planning for possible intercurrent events after participants start treatment and about the likelihood of achieving the HiSCR75 primary endpoint - a scale which defines treatment success as at least a 75% reduction in inflammatory lesions.

Before Sept. 29, 2025, MoonLake expressed confidence to investors in sonelokimab’s trial designs, encouraged the belief that the studies could show at least a 20% difference between the sonelokimab group and patients given a placebo, and has assured investors that “we really have a drug here that can become the gold standard and obviously that will facilitate any winning that we do with sonelokimab in HS.”

Investors’ expectations were dashed on Sep. 29, 2025, when MoonLake announced that in its VELA-2 trial “intercurrent events in the higher-than-expected placebo arm precluded the study from achieving statistical significance in the week 16 primary endpoint using the composite strategy (HiSCR75, delta to placebo of 9%[.]”

On this news, the price of MoonLake shares cratered $55.75 (-90%) that day, with one analyst reportedly writing in a note to investors that the results “‘arguably fall[] into the worst case outcome.’”

“We’re focused on investors’ losses and whether MoonLake may have misled investors about the VELA-2 design and planning for potential intercurrent events while claiming that sonelokimab could become a ‘gold standard’,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in MoonLake and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now »

If you’d like more information and answers to frequently asked questions about the MoonLake investigation, read more »

Whistleblowers: Persons with non-public information regarding MoonLake should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. 

Contact:
Reed Kathrein, 844-916-0895

October 09, 2025 14:00 ET

 | Source:

Hammond Power Solutions Inc

GUELPH, Ontario, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Hammond Power Solutions Inc. (“HPS” or the “Company”) (TSX: HPS.A) today announced that it will release its financial results for the Third Quarter ended September 27, 2025, on Thursday, October 23, 2025, after markets close. Following the release of its financial results, HPS will hold a conference call and webcast on Friday, October 24, 2025, at 9:00 a.m. Eastern Time.

This call can be accessed by registration through participant links:

Date/Time: October 24, 2025/ 9 a.m. ET

Live Call Participant Registration Link:

A webcast replay will be available for 12 months.

ABOUT HAMMOND POWER SOLUTIONS INC.
Hammond Power Solutions Inc. (“HPS” or the “Company”) enables electrification through its broad range of dry-type transformers, power quality products and related magnetics. HPS’ standard and custom-designed products are essential and ubiquitous in electrical distribution networks through an extensive range of end-user applications. The company has manufacturing plants in Canada, the United States (U.S.), Mexico and India and sells its products around the globe. HPS shares are listed on the Toronto Stock Exchange and trade under the symbol HPS.A

Hammond Power Solutions – Energizing Our World

For further information, please contact:
David Feick
Investor Relations (519) 822-2441
[email protected]

, /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) announced today that it will report results for the fiscal quarter ended September 30, 2025 after the market closes on Thursday, November 6, 2025. The earnings announcement will be available in the Investor Relations section of the Company's website, www.outfront.com. 

The Company will host a conference call to discuss the results on Thursday, November 6, 2025 at 4:30 p.m. Eastern Time. The conference call number is 833-470-1428 (U.S. callers) and 646-844-6383 (International callers) and the passcode for both is 537621.

Live and replay versions of the conference call will be webcast in the Investor Relations section of the Company's website, www.outfront.com. 

About OUTFRONT Media Inc.
OUTFRONT is one of the largest and most trusted out-of-home media companies in the U.S., helping brands connect with audiences in the moments and environments that matter most. As OUTFRONT evolves, it's defining a new era of in-real-life (IRL) marketing, turning public spaces into platforms for creativity, connection, and cultural relevance. With a nationwide footprint across billboards, digital displays, transit systems, and other out-of-home formats, OUTFRONT turns creative into powerful real-world experiences. Its in-house agency, OUTFRONT STUDIOS, and award-winning innovation team, XLabs, deliver standout storytelling, supported by advanced technology and data tools that can drive measurable impact.

SOURCE OUTFRONT Media Inc.

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, /PRNewswire/ -- Newmark announces that several Global Strategy professionals have been recognized by the Site Selectors Guild with the newly launched Certified Site Selection Consultant™ (CSSC) credential, the first and only international designation for excellence in corporate location advisory. Newmark's Gregg Wassmansdorf, Senior Managing Director of Global Strategy, was instrumental in developing and trademarking this new credential, underscoring his leadership and lasting contributions to the profession.

"The Site Selectors Guild sets the standard for ethics, proficiency and expertise," said Luis Alvarado, Chief Operating Officer.  "Newmark's active engagement with the Guild reflects our commitment to these values and reinforces our position as the platform for top talent in the industry."

Liz Hart, President of Leasing, North America, Newmark, added: "Earning the CSSC credential reinforces Newmark's position as a trusted advisor in the real estate industry—demonstrating our commitment to excellence and confidence clients place in us to navigate complex, high-stakes location and real estate decisions with proven expertise."

This prestigious international credential was awarded to 64 highly qualified location advisors who have amassed deep experience guiding corporate location decision-making, while making valuable contributions to the profession and practice of site selection. The awardees have undergone a rigorous vetting process to ensure that every consultant has attained the highest levels of proficiency, ethics and expertise in the site selection and corporate location advisory profession.

"This designation sets a new standard for excellence in our profession and provides companies and communities with confidence that they are working with the most qualified advisors," said Wassmansdorf. "I'm proud to see so many of my Newmark colleagues recognized among the first to hold this credential, reflecting the depth and caliber of our team's expertise in guiding complex corporate location decisions worldwide."

With the most Site Selectors Guild members globally, Newmark's Global Strategy team brings recognized expertise in location strategy. Housed within Occupier Solutions, the practice provides data driven site selection, footprint optimization, and incentives advisory to support complex decisions. Credential recipients include:

Full Members (credentialed):

Bob Hess, Vice Chairman
Gregg Wassmansdorf, Senior Managing Director
Kim Moore, Executive Managing Director
Spencer Schobert, Senior Managing Director
David Dera, Senior Managing Director
John Longshore, Senior Managing Director

Associate Members (on track for credentials):

Ramya Gowda, Managing Director
Carlos Sanchez, Managing Director

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

SOURCE Newmark Group, Inc.

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Key Takeaways
CNI moved 2.91M metric tons of grain from Western Canada, surpassing its prior September record.
The record highlights CNI's operational strength and collaboration with shippers during harvest season.CNI's 20252026 Winter Plan focuses on locomotive reliability resource allocation, and infrastructure upgrades.
Canadian National Railway (CNI - Free Report) set a new record for grain movement in September, transporting more than 2.91 million metric tons of grain from Western Canada, 80,000 tons above its previous record for the month.

The achievement reflects CNI’s strong execution capabilities and its ongoing commitment to keeping Canadian grain flowing efficiently to global markets during the critical harvest season. The company’s ability to exceed past performance despite supply chain complexities underscores its focus on service reliability, asset utilization and collaboration with customers. This record movement demonstrates CNI’s operational readiness and its role in supporting Canada’s agricultural economy, a key driver of export growth.

In addition, CNI recently released its 2025-2026 Winter Plan, which details how the company is preparing its network for the upcoming cold-weather months. The plan includes proactive steps such as enhanced locomotive reliability programs, strategic resource allocation and targeted investments in infrastructure to minimize weather-related disruptions. By combining record-setting grain transportation with forward-looking winter preparedness, CNI reinforces its commitment to providing safe, efficient and dependable service throughout the year.

Canadian National has been well served by its Grain & Fertilizers segment. We expect segmental revenues to increase by 8.5% in the current year from 2024 levels. Carloads are expected to increase by 5.5%.

Share Price PerformanceThe share price of CNI has risen 2.2% in the quarter-to-date period, outperforming the 0.4% rise of the Transportation - Rail industry.

Image Source: Zacks Investment Research

Zacks RankCNI currently carries a Zacks Rank #4 (Sell).                                                                                             

Stocks to ConsiderInvestors interested in the Zacks Transportation sector may consider Global Ship Lease (DAL - Free Report) and Wabtec (WAB - Free Report) .

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

GSL has an encouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 13.16%.

WAB currently carries a Zacks Rank #2.

Wabtec has an expected earnings growth rate of 17.59% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in three of the trailing four quarters, and missed in the remaining, delivering an average beat of 5.41%.

Traders gain real-time data tools as KyberSwap enhances multi-chain DeFi strategies and broadens access to improved swap opportunities.

Key Takeaways

KyberSwap has launched an on-chain price service to help users spot arbitrage opportunities across decentralized exchanges.
The new tool enhances KyberSwap's role as a decentralized liquidity aggregator, optimizing trade routing for better swap rates.

KyberSwap, a multi-chain decentralized liquidity hub, today launched an on-chain price service designed to help users identify arbitrage opportunities and assess buy–sell spreads across decentralized markets.

The new service builds on KyberSwap’s existing aggregation capabilities, which route trades through various liquidity sources to optimize swap rates. KyberSwap has expanded its platform by integrating with protocols like Curve Finance and Uniswap V3, enhancing access to diverse liquidity pools for improved trade execution.

KyberSwap recently integrated with Etherlink to support seamless token swaps by combining liquidity from multiple DeFi protocols.

The platform’s parent organization, KyberNetwork, also partnered with Ionex Trade to incorporate decentralized trading features aimed at delivering better swap rates through multi-chain routing.

Disclaimer

Ripple's latest partnership in Bahrain marks another step in its plan to integrate RLUSD into regulated markets across the Middle East.

Hedera Hashgraph's HBAR token fell nearly 5% from $0.22 to $0.21 between Oct. 8 and 9 as institutional caution deepened amid ongoing regulatory uncertainty. Volatility surged to 5.4%, with heavy selling between 01:00 and 08:00 on Oct. 9 pushing volumes above 100 million units per hour.

Ocean Protocol announced it is withdrawing from the Artificial Superintelligence Alliance, causing OCEAN tokens to rally and FET tokens to extend their slide.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

With its price surging sharply to new all-time highs this year, BNB (The Binance native coin) is now one of the best-performing cryptocurrency assets in the ongoing bull market cycle. While the altcoin is currently holding strong above the $1,300 price mark, several key factors have been identified as likely responsible for the recent upward trend to new heights.

What Pushed The price Of BNB To New Highs
BNB keeps surpassing market expectations, breaking through barriers, and reaching new all-time highs as the cryptocurrency market is swept by bullish momentum. In a recent quick-take post on the CryptoQuant platform, a market expert with the nickname XWIN Research Japan has outlined the possible triggers of the altcoin’s strong upside action this cycle. 

As of October 8, the Binance coin experienced a spike to $1,300, exhibiting the best performance among major cryptocurrencies. With this remarkable growth, BNB has grown from being viewed as just the native token driving Binance’s ecosystem to becoming a major player in DeFi and Web3.

According to XWIN Research Japan, the ongoing surge is beyond a short-term speculative move. The expert has solely attributed the upward move to Binance’s structural recovery and deeper integration with traditional finance.

Presently, on-chain data are showing robust buying momentum in the market as observed in the Spot and Futures Taker CVDs. As observed in the chart, spot and futures Taker CVDs are trending upward, which is an indication of a resurgence in buyer dominance. 

BNB buyers are dominating the. market | Source: Chart from CryptoQuant on X
In addition, the Binance Dominance Strength – Share of Stablecoin Reserves vs Market Total, shows that its share of ERC-20 stablecoin reserves has increased to nearly 70%. This marks its highest level ever recorded in years. Interestingly, this concentration of liquidity provides a solid foundation for BNB’s strength by generating genuine demand for trading, staking, and Launchpad participation.

While sentiment has improved, XWIN Research highlighted that this happened after Changpeng “CZ” Zhao, the founder of Binance, reinstated the “Binance” title on his profile on X, a move signifying regulatory stability. At the same time, Binance’s quarterly burn of about 2 million BNB, or $1 billion, keeps supply tight, directly connecting scarcity to volume expansion and platform growth.

Multiple Collaborations Done This Cycle
With BNB rising, investors’ conviction in the altcoin has risen. Another factor that has bolstered investors’ confidence is Binance’s partnerships with global financial institutions. These include Collaborations with Franklin Templeton to co-develop tokenized securities (RWA) and with Chainlink to bring US economic data on-chain, which mark important advances toward institutional-grade DeFi.

There have also been key projects launched on the BNB chain, such as the new Crypto-as-a-Service (CaaS) initiative. The main use case of this initiative is to enable banks and brokerages to provide crypto services under their own brands, reflecting Binance’s shift from exchange to financial infrastructure provider.

Meanwhile, for BNB, the strong institutional links, deflationary supply mechanisms, and liquidity concentration have transformed it from a straightforward exchange token into a vital asset that connects Web3 and conventional banking. Such shifts represent a blatant indication of Binance’s fresh supremacy in the digital market.

BNB trading at $1,309 on the 1D chart | Source: BNBUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Dogwifhat price holds strong at $0.75 support, showing resilience amid volatility. Key confluences hint at a possible bullish reversal forming.

Summary

Strong support at $0.75 with multi-indicator confluence.
Compression hints at a potential bullish breakout.
Holding this level may fuel a rally toward $1.00–$1.40.

Dogwifhat (WIF) price has shown remarkable resilience over the past several sessions as the market consolidates near the $0.75 region. Despite broader volatility across the memecoin sector, WIF has managed to defend this level multiple times, indicating that buyers are stepping in to absorb selling pressure.

The confluence of multiple technical factors reinforces the idea that this level may represent a significant turning point in the current market structure, with Dogwifhat dipping to $0.75 support alongside a hidden bullish divergence, suggesting a potential rebound could be near.

Dogwifhat price key technical points

Major Support Zone: The $0.75 level aligns with the 0.618 Fibonacci retracement and value area low.
Structural Confluence: Bollinger Bands support and historical demand zones overlap at this region.
Upside Targets: A confirmed hold above $0.75 opens the path to $1.00, followed by the $1.40 macro resistance.

WIFUSDT (1D) Chart, Source: TradingView
From a structural perspective, the $0.75 support has acted as a pivotal level for Dogwifhat. Price action has repeatedly tested and respected this region, suggesting that a strong accumulation phase may be underway. The fact that this zone aligns with the golden Fibonacci pocket adds further weight to its validity. Historically, 0.618 retracements often precede continuation moves when accompanied by stable volume and diminishing selling momentum.

The Bollinger Bands are also beginning to compress near this area, indicating declining volatility, a precursor to expansion. Should the price start to close candles consistently above $0.75 with rising volume, it may confirm the initiation of a new upward leg. In such a case, the first immediate objective lies at the value area high near $1.00, while the next major resistance stands around $1.40.

Moreover, market structure remains constructive on higher time frames. The formation of a potential higher low within the macro uptrend suggests that WIF could be preparing for another impulsive push. If the current support holds, this level will mark the foundation of the next leg higher, establishing a stronger base for bullish continuation.

What to expect in the coming price action
As long as Dogwifhat maintains its foothold above $0.75, the probability of an upward rotation increases. Sustained closes above this zone could trigger an accelerated move toward $1.00, with a potential extension to $1.40 if momentum continues to build.

Conversely, a daily close below $0.75 would invalidate the bullish thesis and signal a deeper retracement toward $0.62.

Luxembourg's Intergenerational Sovereign Wealth Fund (FSIL) has allocated 1% of its $730 million portfolio to Bitcoin ETFs.

Why Trust CoinGape

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

Veteran trader Peter Brandt has doubled down on his bearish XRP prediction. This time, he has listed the altcoin as one of the potential tokens that he could end up shorting, suggesting that it could drop to as low as $2.2.

Peter Brandt Lists XRP Among Short Candidates
The veteran trader remarked that the altcoin is on his list of short candidates, hinting at a potential short trade in anticipation of a price decline. He added that his shorting the token is conditional upon completing the descending triangle.

This is on my list of short candidates $XRP but it is conditional upon completing the descending triangle pic.twitter.com/uai84VHLxa

— Peter Brandt (@PeterLBrandt) October 9, 2025

Brandt’s accompanying chart showed that he was targeting an XRP decline to as low as $2.22. As CoinGape reported, the veteran trader’s analysis earlier this week showed that a descending triangle was developing for the altcoin. He added back then that a close above $2.6 could send XRP tumbling to $2.22.

The bearish forecast for the altcoin comes as it struggles to hold above the psychological level. XRP rallied yesterday to $2.92 in an attempt to reclaim $3, but is now witnessing a pullback amid a broader crypto market correction.

Meanwhile, as CoinGape reported, whales offloaded 440 million coins over the last month, a development indicating weakening demand for the altcoin. This comes despite the XRP ETF buzz, which is expected to drive new inflows into the token’s ecosystem.

XRP is also facing the most amount of FUD since the Trump tariffs, according to the on-chain analytics platform Santiment. However, the platform claimed that this is bullish as the price always moves in the opposite direction of retail traders’ expectations.

Technicals Point To A Price Breakout Ahead
Crypto analyst CasiTrades remarked that XRP is ready for a breakout as the technicals look strong. She noted that all recent lows continue to hold above the macro .5 Fib retracement at $2.79. The analyst added that this level remains a significant support on the macro scale and that all attempts to break below it have failed so far.

Source: CasiTrades’ X
From an Elliot Wave perspective, CasiTrades admitted that there could be another subwave 2 move before a large wave 3 impulsive move to the upside kicks in. However, she noted that the purpose of the consolidation pattern is to exhaust the market and confuse traders.

The analyst believes that the fact that nothing has fallen through is technically a bullish sign for XRP. She also noted that markets don’t typically top during consolidation, so it is most likely the altcoin will see another wave to a new all-time high (ATH).

CasiTrades reminded market participants that XRP consolidated for seven years before breaking out from $0.50 to $3.66. She added that subwaves are currently getting constricted, which is why extensions are being limited to $4.50 and $6.50. However, the analyst claimed that the macro targets remain between $8 and $13 if the momentum continues strong.

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

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5 minutes ago

Precious metals have experienced record highs in 2025, making Bitcoin relatively undervalued, positioning BTC for a strong Q4 rally.

55

Precious metals are soaring in response to the US dollar debasement, with gold hitting $4,000 per ounce and silver reaching a 45-year high of over $50 per ounce. Still, the precious metal rally may be running out of steam, paving the way for investor rotation into alternative store-of-value assets like Bitcoin (BTC) and tokenized real-world assets.

Gold’s more than 50% rally so far this year — coupled with Goldman Sachs’ forecast of $4,900 per ounce by the end of 2026 — suggests the metal is “overheated,” according to Nic Puckrin, founder of the Coin Bureau education company. He said:

“After more than a 50% rally in the gold price year-to-date, attention may now turn to other alternatives that express a similar view. These include other metals and commodities, tokenized real assets, and Bitcoin, which remain undervalued against gold.”Gold rallies to a new all-time high of over $4,000. Source: TradingViewPuckrin added that these assets all serve as hedges against fiat currency inflation and geopolitical uncertainty. 

Bitcoin hit a record high of over $126,000 in October, alongside a historic surge in precious metals prices. Meanwhile, investors are losing confidence in the US dollar, which is on track for its worst year since 1973.

Bitcoin poised to benefit from US dollar decline“The USD is now on track for its worst year since 1973, down over 10% year-to-date. The USD has lost 40% of its purchasing power since 2000,” market analysts at the Kobeissi Letter wrote on Sunday.

US dollar debasement has caused a rush into store-of-value and risk assets simultaneously, which typically run counter to each other. Safe-haven and store-of-value assets usually increase in value when risk assets like stocks decline, and the reverse is also true.

Bitcoin’s price surges as the DXY, which represents the strength of the US dollar and is shown as a blue line, declines. Source: TradingViewThis signals that investors are repricing assets for a “new era of monetary policy,” one where inflation runs higher and the government finances operations by devaluing the currency further, causing all asset prices to rise, the analysts said.

BTC is positioned to surge in Q4 as a result of ongoing currency debasement, as investors seek to preserve wealth by piling into safe-haven assets, according to Matt Hougan, chief investment officer at investment firm Bitwise.

Magazine: Bitcoin OG Willy Woo has sold most of his Bitcoin: Here’s why

Solana Company secures $500M to acquire 5% of Solana supply, boosting institutional integration in Asia’s digital asset markets.

Izabela Anna2 min read

9 October 2025, 04:57 PM

Former UBS Investment Banking Asia head Joseph Chee is positioning his firm, Xiayan Capital, for a major entry into the crypto treasury space. In mid-September, Chee and Pantera Capital acquired Helius (US: HSDT), transforming it into a Digital Asset Treasury (DAT). 

The company, now rebranded as Solana Company, has secured $500 million in funding to establish the Solana Reserve. Chee plans to acquire at least 5% of Solana’s total supply and seek a Hong Kong listing within six months, signaling a strong push for institutional integration in Asia’s growing digital asset markets.

Institutional Accumulation Reshapes Solana’s Market OutlookSolana Company’s goal to control a 5% stake in Solana underscores institutional confidence in the network’s long-term potential. The firm’s collaboration with Pantera Capital and the Solana Foundation aims to strengthen liquidity depth and enhance network participation among institutional players. Such large-scale acquisitions tend to tighten circulating supply, increasing scarcity and amplifying bullish reactions during market upswings.

Moreover, the establishment of the Solana Reserve positions the company to act as a key liquidity provider for institutional portfolios. Analysts view this move as a strategic effort to align Solana’s treasury structure with that of traditional financial markets. The acquisition aligns with Asia’s rising interest in tokenized assets and digital reserves, particularly as Hong Kong advances its regulatory clarity for blockchain firms.

Expanding Solana’s Institutional Footprint in AsiaAdditionally, Solana’s institutional growth extends beyond Xiayan Capital’s move. Nasdaq-listed DeFi Development Corp recently partnered with Superteam Japan to launch Japan’s first Solana Treasury Company. This initiative strengthens Solana’s role in corporate digital asset management across Asia, reflecting the region’s growing adoption of blockchain infrastructure.

According to SolanaFloor data, Solana accounted for over 95% of tokenized stock volume in the past month. Gnosis followed with 1.98%, and Ethereum with 1.83%. These figures highlight Solana’s growing dominance in tokenized asset activity, a sign of expanding use cases beyond decentralized finance.

Price Outlook and Technical InsightsMeanwhile, Solana (SOL) trades at $219.72 after a 0.98% daily decline, with a market capitalization exceeding $120 billion. IncomeSharks analysts noted that the overall trend remains bullish. The On-Balance Volume (OBV) continues to rise, showing steady accumulation, though a spike in OBV would confirm stronger momentum.

Source: X

Support lies near $200, while resistance stands around $250. A breakout above this zone could propel SOL toward $275–$300, reaffirming its bullish trajectory. Despite short-term corrections, institutional momentum continues to anchor Solana’s long-term market strength.

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Izabela Anna

Izabela Anna is a knowledgeable freelance journalist, who boasts over five years of experience covering the cryptocurrency market. Her tenure has seen her navigate through the ebbs and flows of multiple market cycles, giving her a deep understanding within. Her journalistic focus lies in dissecting price action dynamics, scrutinizing the on-chain landscape, and providing insights from a technical perspective, making her a trusted voice in the realm of cryptocurrency reporting.

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Latest Solana (SOL) News Today

Bitcoin could be exposed to quantum computing threats as experts warn the network must prepare for a post-quantum future.

Summary

Charles Edwards warns Bitcoin’s core cryptography may not survive the rise of quantum computing and urges the community to build defenses before 2026.
Deloitte reports that 4.5 million Bitcoin worth around $550 billion remain stored in vulnerable early addresses visible on the blockchain.
Progress in quantum computing from 256 qubits to successful Shor’s algorithm tests is narrowing the window for Bitcoin’s security upgrade.
Experts say Bitcoin is safe for now but agree that preparing for a post quantum world must begin long before the threat becomes real.

Bitcoin faces quantum computing risk
On Oct. 8, Charles Edwards, founder of Capriole Investments and a long-time Bitcoin advocate, warned that 25% of all Bitcoin could be vulnerable to a potential quantum attack, citing research from Deloitte.

25% of all Bitcoin is vulnerable to Quantum attack (Deloitte).

At some point soon the Bitcoin community is going to need to make a very tough decision to effectively burn coins that do not migrate to Quantum proof addresses. Else we will see $Billions (possibly $Trillions)… pic.twitter.com/NgWnX3YznY

— Charles Edwards (@caprioleio) October 8, 2025

He estimated that unless these coins are moved to quantum-resistant addresses, the network could face losses worth billions or even trillions once powerful quantum computers become operational.

Edwards, known for his data-driven market research, has long described Bitcoin (BTC) as a long-term store of value. He argued that the threat of quantum computing is closer than many believe and urged the community to act before 2026 to develop a defense.

He questioned whether some investors downplay the urgency to maintain optimism, warning that “if we are one minute too late on quantum, Bitcoin goes to zero.”

I am very long Bitcoin. So don't mistake my Quantum comments as FUD. As stated in all my interviews over the last 2 months, I see us going a lot higher in the next months. But we need to solve Quantum risk now. We need a solution agreed in 2026 at the latest. If we are 1 minute…

— Charles Edwards (@caprioleio) October 8, 2025

The discussion he reignited touches the core of Bitcoin’s design. The network relies on the elliptic curve digital signature algorithm, or ECDSA, a cryptographic system that secures ownership and transactions.

Each Bitcoin wallet contains two keys: a public key that serves as an address for receiving funds and a private key that verifies ownership. Transactions depend on digital signatures derived from these keys.

Under ordinary computing power, reversing the link between a public and private key is practically impossible. Even the fastest supercomputers would need longer than the age of the universe to guess one private key.

Quantum computing changes this dynamic. Using qubits instead of bits, quantum systems can process many possibilities simultaneously, making them exponentially faster for certain mathematical tasks.

A process known as Shor’s algorithm could, in theory, extract private keys from public keys, something classical computers cannot achieve.

For now, researchers agree that Bitcoin’s encryption remains secure. Quantum computers capable of breaking ECDSA are still theoretical and may be a decade or two away.

However, the race toward post-quantum cryptography has already begun. Developers are experimenting with new algorithms built on lattice and hash functions that could eventually replace current systems through future network upgrades.

Risk lingers in Bitcoin’s past
Deloitte’s research into Bitcoin’s quantum vulnerability traces the issue back to the network’s earliest days. In 2009, Bitcoin transactions followed a simple format known as “pay to public key,” or P2PK.

In this system, the public key itself acted as the address. Anyone examining the blockchain could see these public keys directly, including those linked to the earliest mined coins. Some of these belong to Satoshi Nakamoto and have remained untouched since Bitcoin’s creation.

While this design made early transactions easy to process, it also left a structural weakness. Because the public key is visible, a future quantum computer capable of running Shor’s algorithm could theoretically reverse-engineer the private key and spend the coins in those addresses.

In 2010, Bitcoin’s developers introduced a new system called “pay to public key hash,” or P2PKH. Instead of displaying the public key, this version shows a cryptographic hash of it.

A hash functions like a one-way lock, making it impossible to recover the original key from the address. The public key becomes visible only when the owner spends coins from that address.

This upgrade solved two issues at once. It simplified the address format and added a layer of protection by keeping the public key hidden until it was used.

However, this security came with one rule: once a P2PKH address is used, it should not be reused. Reusing an address after a transaction exposes the public key again, creating a potential entry point for future quantum attacks.

Deloitte examined the entire Bitcoin blockchain to estimate how much of the supply remains stored in vulnerable addresses. It classified all coins kept in visible or reused addresses as quantum-exposed.

The study found that about 2 million BTC are still held in original P2PK addresses, most of them early mined coins that have never been moved.

Another 2.5 million BTC are stored in reused P2PKH addresses, where the public keys have already been revealed during past transactions.

Together, this amounts to roughly 4 million BTC, or about 25% of the total Bitcoin supply. At current market prices, this equals nearly $550 billion in potential exposure.

Deloitte’s research did not predict when that day might arrive, but it made it clear that the coins that have never moved and the addresses that have been reused are the most at risk. 

State of quantum progress
Quantum computing has moved from theory into active experimentation. In recent years, progress in hardware precision and control systems has advanced rapidly, allowing scientists to operate on real qubits rather than relying only on simulations.

Three main approaches lead current development: superconducting circuits, trapped ions, and photonic systems. Each focuses on maintaining stable quantum states long enough to perform reliable computation.

In 2024, several major research teams reached milestones that had once seemed distant. Quantinuum’s H-series system achieved a two-qubit gate fidelity of 99.9%, meaning errors now occur less than once in a thousand operations. 

Meanwhile, in April 2025 RIKEN and Fujitsu in Japan developed a 256-qubit processor and announced plans to expand to 1,000 qubits by 2026. Researchers at Harvard also improved the stability of atomic arrays by reducing atom loss across systems containing thousands of qubits.

These achievements suggest that hardware is beginning to align with theoretical models. Progress toward scalability, or the ability to grow from hundreds to thousands of qubits without collapse, is now becoming central to research.

Until recently, most quantum experiments demonstrated isolated proofs of concept. The latest generation of machines can now maintain multi-step calculations, a key requirement for running complex algorithms such as Shor’s.

Even with these gains, the distance between current machines and one capable of breaking Bitcoin remains vast. To compromise elliptic curve cryptography, a computer would need about one million logical qubits. 

A logical qubit is not a single element but a cluster of many physical qubits that correct one another’s errors. Creating one reliable logical qubit can require thousands of unstable physical ones.

Today’s largest quantum processors remain below one thousand physical qubits, keeping practical decryption far beyond reach.

Preparing for the post-quantum era
The progress in quantum research has also revived discussion about its implications for Bitcoin. The network’s security depends on elliptic curve digital signatures, which could be vulnerable once quantum systems reach sufficient computational power.

On Sep. 2, that theoretical risk moved closer to reality. Steve Tippeconnic, a researcher using IBM’s 133-qubit platform, used quantum interference to solve a small elliptic curve problem. 

The key he broke was only six bits long, something an ordinary computer could guess instantly. The importance of the experiment lay in what it proved.

For the first time, Shor’s algorithm was executed on real quantum hardware at a level deep enough to show practical control. The system completed hundreds of thousands of sequential operations without collapsing into random noise, a level of stability that was impossible just a few years ago.

A 2024 study titled Downtime Required for Bitcoin Quantum-Safety estimated that migrating Bitcoin to a quantum-safe signature scheme could take about seventy-six cumulative days of coordinated downtime across all nodes. 

The researchers advised beginning this process before the first cryptographically relevant quantum computer becomes operational. 

Experts remain divided on when that milestone will arrive. Some forecast the early 2030s, while others believe it may take another fifteen to twenty years.

Concern about this risk is spreading beyond the scientific community. BlackRock described quantum computing as a potential material threat in its Bitcoin ETF filings. 

Solana (SOL) co-founder Anatoly Yakovenko has also said that Bitcoin’s current cryptography should be replaced by 2030 to avoid potential exposure.

None of these developments mean Bitcoin is in immediate danger. They do, however, mark a clear transition point. Each improvement in qubit stability and error correction brings the world closer to the moment when encryption standards must evolve. 

In that sense, Edwards’s warning was not alarmist but forward-looking. The time to prepare is available, but it is steadily narrowing.