Market Signal Briefing

Nvidia CEO Jensen Huang said demand is up huge this year as artificial intelligence models develop further from answering simple questions to complex reasoning.

"This year, particularly the last six months, demand of computing has gone up substantially," said Huang on CNBC's "Squawk Box."

The CEO of the AI chip leader was answering a question about what investors ask him most about. Nvidia shares were higher in premarket trading as Huang gave his bullish comments.

AI reasoning models are using exponential amounts of computing power, Huang said. But they are also seeing exponential amounts of demand because their results are so good, the CEO said.

"The AIs are smart enough that everybody wants to use it," Huang said. "We now have two exponentials happening at the same time," Huang said.

"Demand for Blackwell is really, really high," he said. "I think we're at the beginning of a new buildout, at the beginning of a new industrial revolution."  

Tesla unveiled cheaper versions of the Model 3 and Model Y vehicles. The standard Model 3 sedan will start at $36,990 and the Model Y SUV will start at $39,990.

GoviEx Uranium Inc (TSX-V:GXU, OTCQB:GVXXF) announced that shareholders of Tombador Iron Limited have approved all resolutions required to move forward with the proposed reverse takeover of Tombador by GoviEx.

At a general meeting held on October 8, Tombador shareholders passed the necessary resolutions, including the issuance of consideration shares to GoviEx shareholders, replacement options for GoviEx optionholders and warrantholders, and a change of company name to Atomic Eagle Ltd.

"We welcome the strong support shown by Tombador's shareholders. Their approval is a key milestone toward forming Atomic Eagle Ltd - as an ASX-listed uranium developer with a strengthened balance sheet, a simplified corporate structure and a clear mandate to advance and improve the Muntanga uranium project in Zambia,” GoviEx CEO Daniel Major said in a statement.

“With GoviEx Securityholders set to vote on October 24, we remain firmly on track to complete the Transaction and unlock long-term value for all stakeholders."

The companies continue to target early November 2025 for completion of the transaction.

The transaction is pending approval by GoviEx securityholders, regulatory and court clearances, and the successful completion of Tombador’s concurrent capital raising and ASX re-compliance listing, as outlined in the Tombador prospectus filed with the Australian Securities and Investments Commission on October 6, 2025.

TORONTO, Oct. 08, 2025 (GLOBE NEWSWIRE) -- PharmAla Biotech Holdings Inc. (“PharmAla” or the “Company”) (CSE: MDMA) (OTCQB:MDXXF), a biotechnology company focused on the research, development, and manufacturing of LaNeo™ MDMA and novel derivatives of MDMA (MDXX class molecules) is today announcing the launch of NEXUS, its new and updated tool to bring together and connect Prescribers, Therapists and Clinic managers. NEXUS is designed to be a key tool in connecting the total chain of care for MDMA practitioners, as well as an important mechanism to deliver and share knowledge on the latest advances to regulatory processes, scientific evidence, and best-in-class patient care.

“When we launched the Prescriber’s Portal over a year ago, our goal was quite narrow. We just wanted to help prescribers navigate the regulatory pathways for patient access, which they found quite difficult,” said Nick Kadysh, CEO of PharmAla Biotech. “What we have discovered over the past 18 months is that prescribers are just one part of the ecosystem delivering care for legally authorized MDMA-Assisted Therapy patients. There are also the therapists – who often have long-term relationships with the patients. There are clinic managers who are responsible for the administration of care delivery. Increasingly, they all need access to data on how to do their jobs more effectively, and to connect with one another in delivering a new and highly effective modality of care. With NEXUS, we aim to solve that challenge.”

PharmAla will be hosting a webinar on Wednesday, October 22nd at 4:00 PM EST for medical practitioners, therapists, and clinic managers interested in accessing the NEXUS tool. The webinar will be delivered digitally and is available only to medical practitioners who have signed up for NEXUS login.

“NEXUS brings the full MDMA-assisted therapy team into one place: a qualified prescriber, a psychotherapist, and the clinic managers who make care work,” said Ali Taghva, Chief Commercial Officer at PharmAla Biotech. “It helps them connect, share what works, and stay current on guidance so patients receive better care.”

Appointment of Farnoud Kazemzadeh as PharmAla’s COO

PharmAla is incredibly pleased to announce the appointment of Farnoud Kazemzadeh as its Chief Operating Officer. Dr. Kazemzadeh is a seasoned executive with extensive experience scaling a growing business. Most recently, Dr. Kazemzadeh was a Co-Founder - Operations at Vital Biosciences of Toronto, Ontario.

Resignation of Dr. Harriet De Wit from PharmAla’s Board of Directors

PharmAla regretfully accepts the resignation of Dr. Harriet De Wit from its board of directors. Both the Board and Management team of PharmAla wishes to gratefully thank and acknowledge Dr. De Wit for her extraordinary contributions to the Company, its operations, and its scientific advisory board.

About PharmAla

PharmAla Biotech Holdings Inc. (CSE: MDMA)(OTCQB: MDXXF) is a biotechnology company focused on the research, development, and manufacturing of MDXX class molecules, including MDMA. PharmAla was founded with a dual focus: alleviating the global backlog of generic, clinical-grade MDMA to enable clinical trials as well as commercial sales in selected jurisdictions, and to develop novel drugs in the same class. PharmAla is the only company currently provisioning clinical-grade MDMA for patient treatments outside of clinical trials. PharmAla’s research and development unit has completed proof-of-concept research into several IP families, including ALA-002, its lead drug candidate. PharmAla is a “regulatory first” organization, formed under the principle that true success in the psychedelics industry will only be achieved through excellent relationships with regulators.

For more information, please contact:
Nicholas Kadysh
Chief Executive Officer
PharmAla Biotech Holdings Inc.
Email: [email protected]
Phone: 1-855-444-6362
Website: www.PharmAla.ca

Neither the Canadian Securities Exchange nor its Regulation Services Provider have reviewed or accept responsibility for the adequacy or accuracy of this release.

Cautionary Statement

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on PharmAla’s current belief or assumptions as to the outcome and timing of such future events. Forward-looking information is based on reasonable assumptions that have been made by PharmAla at the date of the information and is subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking information. The forward-looking information contained in this press release is made as of the date hereof, and PharmAla is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption “Risk Factors” in PharmAla’s management’s discussion and analysis which is available on PharmAla’s profile at www.sedar.com.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, and shall not constitute an offer, solicitation or sale in any state, province, territory or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province, territory or jurisdiction.

October 8th, 2025 – TheNewswire - Rockport, Ontario – MQM (TSXV:MQM) is pleased to announce the appointment of Mr. Praveen Kumar Jha, as a Strategic Adviser to the Company. With more than three decades of international leadership experience across some of the world’s most respected steel companies, including JSW and Tata Steel, Mr. Jha brings exceptional expertise in mining, steelmaking, and global business expansion and this experience will add to MQM’s ability to execute AtkinsRealis recommendations. Click here to read the June 25th AtkinsRealis Press Release.

A graduate in Mining Engineering from the Indian Institute of Technology (IIT) and an MBA from XLRI, Praveen has worked closely with top industry leaders such as the Vice Chairman of Tata Steel, the Managing Director of Tata Steel, and the Chairman of JSW Steel. Throughout his career, he has been instrumental in driving both topline and bottom-line growth, steering international expansions, and delivering transformational results during challenging industry cycles.

Amongst his many accomplishments in the iron ore industry, Praveen also successfully oversaw a $1.5 billion greenfield investment in the Labrador Trough, Quebec, guiding it from joint venture agreement and feasibility study through to social licensing, construction, and full-scale ramp-up.

His proven ability to lead complex projects, manage diverse stakeholders, and deliver superior financial performance makes him a valuable addition to MQM’s advisory team.

Chairman and CEO Harry Barr stated, “We are delighted to welcome Praveen Kumar Jha as an adviser. His deep knowledge of iron ore mining and steelmaking in the Labrador Trough, coupled with his global leadership experience, will provide invaluable guidance as MQM continue to advance our Lac Otelnuk Iron Ore Project (click here to read the Lac Otelnuk Overview Press Release)  and create long-term value for our stakeholders. Management and New Age Metals (TSXV:NAM) own approx. ~47% of MQM.  MQM is a microcap company and there are approx. ~34,400,000 shares issued and outstanding.  MQM is financed for the foreseeable future to complete its agreement with its international engineering consulting firm AtkinsRealis.”

Praveen Jha commented, “I am honored to join MQM as a Strategic Adviser. The company’s vision, commitment to operational excellence, and focus on sustainable growth align with my own professional journey. I look forward to contributing to its success.”

Stock Options

The Company also announces that it has granted 1,200,000 incentive stock options to directors, officers, and consultants of the Company at an exercise price of $0.15 per share for a period of five (5) years from the date of grant in accordance with the Company’s Stock Option Plan.  The Stock Options granted will be subject to vesting restrictions, acceptance by the TSX Venture Exchange and are subject to regulatory hold periods in accordance with applicable Securities Laws.

About MetalQuest Mining

MetalQuest Mining (MQM) owns a 100% of Lac Otelnuk and is working to develop one of the largest Iron ore projects in North America. The Lac Otelnuk Iron Ore Project is located in Quebec’s Labrador Trough and is approximately 165 km by air northwest of the Town of Schefferville, and 1200 km northeast of Montreal by air. The Quebec government has transferred a 100% of the claims into MQM’s name and management is accumulating a vast amount of technical data as approximately over $120 million has been expended on the project to date. Going forward, one of our primary objectives will be to continue to work with Naskapi First Nation of Kawawachikamach with whom we have an Exploration and Pre-Development Agreement as of November 2023. In June 2025, MQM signed the agreement with AtkinsRéalis, a world-class engineering services and nuclear company with offices around the world to conduct a comprehensive Gap Analysis of the historic 2015 Feasibility Study (FS) for the Lac Otelnuk Iron Ore Project. The new studies will identify areas requiring updates to align the historic 2015 Feasibility Study with current market dynamics, regulatory frameworks, engineering best practices, and environmental standards. MQM’s management is continuing to develop its in-house Iron ore database to enable the Company to secure an Option/Joint Venture partner, a private equity investor or a major mining/steel company.

The Company also owns ~1.9 million shares and 2.5 million warrants of Canadian Copper (CCI) and two NSR royalties totaling 1% in Murray Brook PEA Stage Zinc-Polymetallic Deposit, situated in the famous Bathurst Mining District, New Brunswick, Eastern Canada.

Canadian Copper Inc (CCI) has the right to purchase half of a 0.33% royalty for $1 million dollars and must pay MQM a pre- production cash payment of $1 million after the project goes into production. The Company is apparently completing a Preliminary Economic Assessment (PEA) on processing the Murray Brook deposit at the Caribou Processing Complex. Release date is expected in the first half of 2025. CCI recently secured a financing to acquire the Caribou complex. The Caribou Process Complex is approved and maintains all required operating permits. See CCI’s website for further details.

Investors are invited to visit the MetalQuest Mining website at www.metalquestmining.com    where they can review the company and its corporate activities. Any questions or comments can be directed to Harry Barr at [email protected]  or Faraz Rasheed at [email protected] call 613 659 2773.

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If you have not done so already, we encourage you to sign up on our website (www.mqmining.com) to receive our updated news.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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It is Oct. 8, and this morning, the focus of the crypto market is once again on Ripple as its CEO Brad Garlinghouse openly explained why banks still do not use XRP for cross-border payments. Short answer: privacy issues.

In the meantime, XRP itself just lost its long-held sweet top three position by market capitalization to Binance Coin (BNB), adding another symbolic blow to what could have been one of Uptober’s biggest stories. 

All of this happens as Bitcoin (BTC) cools off after setting a record above $126,000 earlier this week, now trading near $121,000, with traders taking profits and global yields pressuring risk assets.

HOT Stories

Bitcoin price pulls back after $126,000 recordBitcoin has slipped from its all-time high and is now trading at around $121,000, which is down by around 4% over the last 24 hours. Analysts are calling this a healthy reset following two explosive weeks. This is indirectly proved by exchange balances that remain close to a six-year low of 2.83 million BTC, indicating that holders are not selling.

Bitcoin Price by CoinMarketCapThere are concerns about macroeconomic pressure coming from Japan's surging bond yields and the ongoing U.S. government shutdown, both of which are tightening global liquidity. Nevertheless, ETF inflows remain strong, reaching nearly $6 billion last week, with $3.55 billion flowing into Bitcoin alone.

Market participants are watching the $118,000 support level and the $126,000-$128,000 resistance level, while bulls are still hoping for $150,000 before the end of the month.

Figure of the day: Ripple CEO drops truth on banks and XRPBrad Garlinghouse of Ripple explained why banks are not embracing XRP — and it is not due to regulation. In conversation with one of XRPL’s lead validators, the CEO revealed that the real obstacle is insufficient privacy.

In short, the problem is that banks do not want every transaction hash and address to be visible on the blockchain, when even pseudonymized data fails to hide corporate senders. 

Ripple has been working on the solution long enough, though. Thus, the new Credentials protocol was presented, which is a built-in KYC layer for private identity checks. The San Francisco company is also expanding decentralized identifiers (DIDs) to give institutions better control over their data. 

For Garlinghouse, full banking integration of XRP is impossible until confidentiality reaches enterprise level, what one may call Ripple’s most candid admissions yet.

Chart of the day: Binance Coin (BNB) kicks XRP out of top 3 amid meme coin euphoriaThe crypto scoreboard changed overnight as Binance Coin (BNB) now ranks third in market cap top, pushing XRP down to fourth place. Speaking of numbers, BNB climbed past $183.6 billion, while XRP slipped to about $171.74 billion, according to CoinMarketCap.

Source: TradingViewThe flip was not caused by a crash but by tremendous 30% BNB price growth alongside Binance’s ecosystem revival. It all started with Aster, a new perpetual decentralized exchange actively promoted by Binance founder CZ. Its native token surged 8,000% in just a week, but what happened next is even crazier as full-fledged meme coin season happened on BNB Chain. In just 24 hours, the amount of multimillion meme cryptocurrencies born there broke all adequate amounts, and amid this euphoria, XRP had no chance to save its spot.

For now, analysts warn that XRP must reclaim $3.10 soon to stay competitive; otherwise, the loss could extend through October.

Evening outlookBitcoin is holding near the $121,000 mark, defending short-term support as volatility builds ahead of the U.S. session. Meanwhile, Ethereum (ETH) is trading at around $4,480, and Binance Coin (BNB) continues to lead the altcoins. It has risen by a further 3% to reach $1,320, marking a 28% increase over the past week and a 50% increase over the past month.

Strength in alternative coins is evident in pockets: PancakeSwap (CAKE) is up 10% to $4.44. SPX6900 (SPX) is up 6%, and Mantle (MNT) is still holding triple-digit monthly growth. 

However, the energy surrounding meme coins has cooled off elsewhere — Dogecoin (DOGE) is trading at around $0.29 and Shiba Inu (SHIB) at approximately $0.0000124 — as traders rotate back into large-cap tokens. 

The overall tone remains optimistic: Uptober is not over — it is just slowing down to reload.

TL;DR

Ethereum’s validator exit queue has reached over 2.4 million ETH, valued at more than $10 billion, marking the largest withdrawal wave to date.
Despite the surge in exits, institutional demand—led by Grayscale—has offset potential network risks, with billions in fresh staking inflows.
Analysts note that Ethereum remains a yield-generating, institutional-grade asset, as ETF inflows and treasury holdings push long-term confidence to record levels.

Ethereum’s validator exit queue has surged beyond $10 billion, representing more than 2.4 million Ether awaiting withdrawal from the proof-of-stake network. While some investors view this as a potential sign of profit-taking after an 83% price increase in the past year, institutional players are reinforcing Ethereum’s position as a core digital infrastructure asset. The network’s resilience continues to attract capital despite volatility, reinforcing its appeal as a dual investment and utility platform within decentralized finance and enterprise-grade blockchain solutions worldwide.

The queue for validator exits has extended to nearly 42 days, indicating strong network activity and limited short-term liquidity for staking participants. Yet, with more than 1 million active validators and 35.6 million ETH still staked—around 29% of total supply—Ethereum’s consensus security remains robust and widely trusted by developers and institutions alike.

Institutional Demand Reinforces Network Confidence
In a major show of confidence, Grayscale recently staked $150 million in Ether after introducing staking for its Ether-based exchange-traded products. This move positions the firm as the first US asset manager to offer yield generation directly through ETH staking products. One day later, Grayscale added another 272,000 Ether worth approximately $1.2 billion to the queue, accounting for the majority of pending staking activations, according to data from onchain analyst EmberCN.

Such activity highlights the growing participation of institutional investors seeking yield exposure through Ethereum’s proof-of-stake system rather than traditional interest-bearing instruments. Analysts suggest that this structural shift reflects broader institutional acceptance of crypto as a productive financial layer.

ETFs And Treasuries Drive Long-Term Accumulation
Institutional inflows through Ethereum ETFs and corporate treasuries have continued to grow sharply. October alone has seen over $620 million in ETF inflows, according to data shared by Nexo analyst Iliya Kalchev. He also noted that institutional and corporate entities now hold more than 10% of Ethereum’s total circulating supply.

Even as the short-term exit pressure builds, Ethereum’s long-term fundamentals remain solid. The combination of staking revenue, institutional participation, and maturing financial instruments continues to position ETH as a cornerstone of the decentralized economy and a preferred asset for yield-focused investors worldwide.

BTC/USDT 1-week liquidation heatmap. Source: CoinGlass
This area represents the largest concentration of leveraged positions and remains a magnet for price action.

With Bitcoin currently rebounding from the $121,000-$122,000 range, the market appears poised for a short-term push toward $126,000, likely to clear out short positions that have built up there.

If Bitcoin breaks and holds above $126,500, the move could extend toward $128,500-$130,000, confirming renewed bullish momentum. However, a rejection at that level may trigger a $122,000 retest or even $118,000-$119,000 if selling pressure intensifies.

Where Ethereum Might Go Next
Ethereum’s chart shows two key zones traders are watching: one above $4,800 and one below $4,300. These are areas where lots of traders could get forced out of their positions, also known as liquidations.

TL;DR

$1B investment: YZi Labs, founded by Changpeng Zhao and his family, launched a $1 billion fund to accelerate BNB Chain development, strengthen infrastructure, and expand global reach.
Developer support: The initiative targets early-stage teams building dApps, infrastructure, and scaling solutions, pairing capital with mentorship, technical guidance, and networking opportunities.
Ecosystem strategy: The fund aims to counter competition from Ethereum and Solana, attract high-profile projects, and reinforce Changpeng Zhao’s ongoing influence in crypto.

YZi Labs, the company founded by Changpeng Zhao and his family, has invested $1 billion in a fund to accelerate development on BNB Chain. This marks one of the largest investments in the blockchain technology sector this year. The fund’s main purpose is to attract builders, expand the blockchain’s global reach, and bolster infrastructure.

https://t.co/A81Xgj0550

— YZi Labs (@yzilabs) October 8, 2025

A landmark commitment to BNB Chain
The $1 billion allocation underscores Changpeng Zhao’s continued influence in the crypto industry despite his departure from Binance leadership. YZi Labs positioned the fund as a catalyst for innovation, aiming to provide developers with resources to scale projects and compete with rival ecosystems. The announcement signals a renewed push to keep BNB Chain competitive in a crowded market of smart contract platforms. Observers note that the fund’s sheer size reflects confidence in long-term adoption and the resilience of BNB Chain’s community.

Strategic focus on developers
The fund will prioritize direct support for developers working on dApps, infrastructure tools, and scaling solutions, said YZi Labs in an X post. The fund aims to lower the entry barriers and encourage experimentation by targeting early-stage teams. The company also stated that, alongside capital investment, technical guidance, mentorship, networking opportunities, and access to the company’s broader ecosystem will also be offered to ensure projects move from concept to deployment faster and safer.

Ecosystem growth and competition
BNB Chain has faced increasing competition from Ethereum, Solana, and other networks vying for developer mindshare. The $1 billion fund is intended to counter this pressure by offering a clear incentive for builders to choose BNB Chain. Analysts note that such large-scale commitments can shift momentum, particularly if they succeed in attracting high-profile projects that bring users and liquidity. The initiative could also encourage cross-chain collaborations, further embedding BNB Chain within the broader Web3 landscape.

Zhao’s ongoing role in crypto
Despite Changpeng Zhao’s legal issues in the U.S. that forced him to step down from Binance, this move with YZi Labs signals his willingness to continue supporting blockchain development. The purpose of the fund is proof of his strategy to keep influencing the crypto industry via capital investment. For developers, the fund represents a financial opportunity and the assurance that BNB Chain remains a top priority for Changpeng Zhao.

Tokenized gold projects like Tether Gold (XAUT) and SmartGold push market cap beyond $3 billion, reviving the Bitcoin vs gold “digital store” debate.Ethereum hosts $2.7 billion of tokenized gold, benefiting most from the on-chain commodities boom as traditional firms embrace blockchain infrastructure.Analysts remain divided: Bitcoin offers trustless scarcity, while gold tokens merge physical backing with blockchain utility, reshaping the digital asset landscape.Bitcoin has long been regarded as the ultimate store of value. However, a new generation of tokenized gold projects is making a compelling case for itself, grounded in centuries of monetary history.

As the gold price soars and blockchain-based gold tokens surpass a $3 billion market capitalization, the debate over what truly qualifies as “digital gold” is intensifying.

Sponsored

Bitcoin Faces Its Oldest Rival Again as Gold Goes On-ChainRecent developments suggest that the tokenization of physical gold is no longer a theoretical experiment, but a fast-emerging market reality.

In April, Kinka, a subsidiary of Japan’s publicly listed fintech company UNBANKED, officially issued physical gold-backed tokens on the Cardano blockchain using EMURGO’s tokenization engine.

Meanwhile, BioSig Technologies and Streamex Exchange Corporation finalized $1.1 billion in financing to launch a gold-backed treasury management platform on Solana in July. The initiative, led by Cantor Fitzgerald, Needham & Co., and CIBC, aims to bring the $142 trillion commodities market on-chain.

The momentum goes beyond these. Tether and Antalpha are reportedly raising $200 million to create a digital asset treasury centered on Tether Gold (XAUT), backed by bullion stored in Swiss vaults.

At the same time, SmartGold partnered with Chintai Nexus to tokenize up to $1.6 billion worth of gold from American investors’ retirement accounts, allowing holders to earn DeFi yields without losing tax-deferred status.

Sponsored

The “Digital Gold” Debate RekindledThe growing wave of tokenized gold has revived the Bitcoin versus gold debate, a longstanding philosophical and financial rivalry.

According to economist Peter Schiff, a vocal Bitcoin critic, tokenized gold will always beat Bitcoin, quashing the need for a US dollar stablecoin.

However, Bitcoin advocates think otherwise. On-chain analyst Willy Woo noted that while gold tokens like XAUT grew by $1.25 billion since launch, Bitcoin’s value increased by $2.2 trillion over the same period.

It's never too late to leave Fantasy Island and join the real world Peter.

Tether launched tokenised gold 5.5 years ago. In that time it grew $1.25B while BTC grew by $2.2 TRILLION.

Same with ETF wrappers… BTC ETFs saw 10x more demand than gold ETFs when they launched.

— Willy Woo (@woonomic) August 15, 2025
Sponsored

Still, sentiment remains split among other experts. Garrett Goggin, founder of Golden Portfolio, calls tokenized gold “the ultimate currency.” Goggin holds this stance based on a tokenized gold unique mix combining the store-of-value strength of gold with the digital programmability of crypto.

“Tokenized gold is cool, but requires a custodian; thus, counterparty risk is always there. Bitcoin’s removal of counterparty risk was the entire innovation. You must know this by now,” Erik Voorhees, founder of Venice AI, challenged.  

Similarly, Vijay Boyapati dismissed tokenized gold as repackaging the same problem, centralized custody.

Sponsored

Ethereum and Tether Benefit MostDespite the philosophical divide, markets are rewarding the tokenization trend. Based on CoinGecko data, over $2.7 billion worth of tokenized gold now exists on Ethereum, making it the primary blockchain beneficiary.

Tether Gold (XAUT) remains the most liquid and reputable tokenized gold asset globally. Its market capitalization is above $1.5 billion, and its price has risen almost 12% in the last month.

Tether Gold (XAUT) Price Performance. Source: CoinGeckoTokenized gold and Bitcoin coexist, one rooted in physical scarcity, the other in digital trustlessness. However, as global demand for hard assets intensifies, the question of which truly deserves the “digital gold” title steadily moves from debate to data.

Disclaimer

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Historically, the Dogecoin price has recorded some of the most legendary rallies in the crypto space. Over the last couple of bull markets, the meme coin seems to have started a trend of outperforming its previous cycle’s performance, notching way more gains than anyone expected. Following this trend, the Dogecoin price is once again approaching a point where it could initiate another rally, and this time around, a crypto analyst predicts that it will reach double-digit values.

The Anatomy Of The Historical Breakout
Crypto analyst Dima Potts has predicted a possible 37x rally for the Dogecoin price this bull cycle. This forecast is gleaned from the previous cycle performances of the meme coin, with each one registering higher gains than the previous bull market.

Mainly, each rally has been triggered when the Dogecoin price has broken out of a descending trendline, highlighted in yellow in the chart below, that begins from the top of the last cycle. This was the case back in 2017, and a repeat of this same breakout in 2021 solidified the trend for the meme coin.

After the first breakout was completed back in 2017, the price would rise sharply over the next few months. By the time the bull market was drawing to a close in 2018, the Dogecoin price had completed an 83x rally, rising from below $0.0004 to above $0.0014.

The descending trendline began once again with the top in 2018, spanning over two years again before breaking out in 2021. Once the breakout was confirmed in 2021, just like it did in 2017, it triggered a multi-month Dogecoin price rally, and before the end of the year, the price rose a cumulative 183x, moving from under $0.004 to over $0.7.

Why The Dogecoin Price Can Rally Above $11
Using this established trend, Dima Potts has outlined how the Dogecoin price could follow the same path. Right now, the altcoin is nearing the completion of the descending trendline, and the only thing that remains is a breakout. The main level of interest lies at $0.4,1, and the analyst believes that if the Dogecoin price closes a week above this level, then the trend would be confirmed.

In the most bullish scenario, the price would follow the trend of each cycle’s explosion being higher than the last, suggesting a possible 283x return. However, the crypto analyst takes a more conservative stance, predicting that a 37x rally from the price at which Dogecoin started 2025is likely. This would put the price at $11.71, given that Dogecoin started the year with a price of $0.31.

DOGE bears push back on rally | Source: DOGEUSDT on TradingView.com
Featured image from Dall.E, chart from TradingView.com

The company used the net proceeds from its recently completed $150 million convertible notes offering to fund the acquisition.

CleanCore’s 710M DOGE treasury reflects strategic growth, backed by Bitwise ETF filing and bullish Dogecoin momentum.

Izabela Anna2 min read

8 October 2025, 11:35 AM

CleanCore Solutions has strengthened its position as one of the largest corporate holders of Dogecoin, reporting over 710 million DOGE in its treasury as of early October 2025. The Omaha-based company continues to progress toward its target of acquiring one billion Dogecoin, following the success of its $175 million private placement completed last month. The accumulation reflects a disciplined capital deployment strategy designed to enhance shareholder value and align with the broader growth of the Dogecoin ecosystem.

Treasury Growth and Strategic AlignmentCleanCore’s Dogecoin Treasury, backed by the Dogecoin Foundation and its corporate partner House of Doge, has already recorded over $20 million in unrealized gains. The company’s approach prioritizes sustainable expansion of its holdings while maintaining transparency and strong governance. Consequently, the firm partnered with Bitstamp by Robinhood as its official trading platform to ensure regulated and secure transactions.

According to the press release, CEO Clayton Adams emphasized that CleanCore’s mission extends beyond simple asset accumulation, focusing instead on long-term value creation and ecosystem development. 

The firm’s alignment with the House of Doge highlights a shared goal of strengthening Dogecoin’s role as a functional digital asset. Moreover, the company continues to work with regulators to register its private placement shares while monitoring stock short interest closely.

Market Outlook and Technical SetupDogecoin’s market outlook remains bullish, despite a minor 5% daily drop to $0.2466. The cryptocurrency still holds a weekly gain of 5.68%, reflecting renewed investor confidence. 

Source: X

According to analyst MikybullCrypto, Dogecoin’s chart structure suggests that “$DOGE is ready to $1 from the bullish move that’s about to hit.” Historically, each retest of the moving average has preceded major upswings, as seen before the rallies in 2017 and 2021. The token is currently consolidating between $0.20 support and $0.32 resistance, with a potential breakout target near $1.00.

Bitwise Dogecoin ETF Adds Institutional TailwindIn a related development, Bitwise Asset Management has filed an amended S-1 registration with the U.S. Securities and Exchange Commission for the Bitwise Dogecoin ETF. 

The fund aims to offer investors exposure to Dogecoin through a fully backed trust, with Coinbase Custody providing secure storage. The ETF’s introduction could significantly boost institutional access and liquidity, reinforcing CleanCore’s long-term vision for DOGE as both a transactional and reserve asset.

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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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Dogecoin (DOGE) News

BNB memecoins are dominating the meme market narrative as Four.Meme launch platform overtakes Solana’s pump.fun in daily revenue.

Summary

Four.Meme, a BNB Chain memecoin launchpad, outperformed Pump.fun with $1.4M in 24-hour revenue.
Top memecoin “4”, inspired by CZ, is up 326% weekly, boosting Four.Meme’s momentum.
The total market cap of memecoins on Four.Meme has crossed $1 billion.

Four.Meme, a memecoin launchpad on the BNB Chain, has outperformed Pump.fun in 24-hour revenue, signaling a shift in momentum toward Binance-based meme tokens. Data from DeFiLlama shows Four.Meme generated $1.4 million in revenue over the past day, compared to Pump.fun’s $885,442. 

Though Pump.fun still leads on longer timeframes with $8.14 million in seven-day revenue and $40.93 million on the month, Four.Meme is closing the gap as it continues to generate strong market buzz.

Four.Meme leads daily revenue amid BNB memecoin mania | Source: DeFiLlama
Meanwhile, another top memecoin launchp platform letsBONK.fun, trailed in seventh place with just $19,546 in revenue, signaling just how much attention is rotating to the BNB Chain-based platform. 

Four.Meme has now posted $5.77 million over the past week and $8.34 million for the month, driven by the rising investor interest. Apart from the rise in revenue, memecoins launched on Four.Meme are among the top-performing coins in the market right now.

BNB memecoins on Four.Meme surge amid growing hype
Among the top memecoins gaining attention in the Four.Meme ecosystem is 4, the viral token inspired by former Binance CEO Changpeng Zhao’s iconic “four fingers” gesture.

The token first gained traction during the BNB Chain X account hack on Oct. 1. At the time, the attacker used the breach to pump the memecoin and quickly dumped their holdings for a small profit. In response, traders pumped the token to mock the hacker, pushing its price higher.

At press time, 4 trades at $0.1822, down from its $0.2659 all-time high but still up 15.87% on the day and 326.87% over the week.

Other memecoins in the Four.Meme ecosystem include $GIGGLE, $客服小何, $DUST, $DustonBNB, $PUP, and $SZN. $DUST has soared 1,245.92% over the past 7 days, while $SZN has climbed over 100% in the same timeframe. Collectively, the total market capitalization of Four.Meme tokens has now surpassed $1 billion.

The tokens are also drawing fresh listings across various platforms, including multi-chain DEX Aster, as many look to capitalize on their surge. On the other hand, Solana memecoins have lagged as the BNB Chain ecosystem continues to capture trader interest.

With strong community backing and nods from CZ himself, BNB-based meme tokens are shaping up to be the latest trend in this cycle’s crypto market buzz.

Ethereum, the world’s second-largest cryptocurrency, has entered a cooling phase after weeks of strong performance. ETH is currently trading near $4,487, slipping around 4% in the past 24 hours. 

While the long-term picture for Ethereum looks promising, recent weakness shows that traders are taking a step back, raising the question—why is ETH falling now?

Short-Term Selling Pressure Led To Failed BreakoutOne of the biggest reasons for the dip is short-term profit-taking. Data shows significant capital outflows from Ethereum over the past week, including a sharp $225 million migration on October 7. This reflects traders moving money out of ETH, either to lock in profits or to rotate into other assets. 

At the same time, technical indicators suggest that ETH’s upward momentum has slowed, with signals like the MACD and KDJ flashing near-term exhaustion.

Ethereum tried to push past the $4,800 resistance multiple times but failed to hold gains above that level. This created a bearish divergence on short-term charts, signaling that buying momentum was weakening.

Too Many Long BetsAnother factor weighing on the price is positioning. More than 70% of leveraged traders are betting on ETH going higher. While this shows optimism, it also creates risk. 

If selling pressure rises, these overleveraged long positions could trigger liquidations, leading to sharper price drops.

Whales and Institutions Still ConfidentDespite the short-term weakness, long-term sentiment remains strong. Whale wallets have been adding more ETH, including BitMNR’s increase to 2.83M ETH holding, showing confidence in future gains. 

At the institutional level, the SEC’s approval of Grayscale’s ETH ETF and Fidelity’s expansion of its tokenized ETH fund show growing institutional interest in Ethereum, which could boost demand.

What’s Next for Ethereum?For now, ETH faces a key support zone between $4,250 and $4,400. Despite the dip, analysts stay positive, noting that a strong rebound from current support could reignite buying and push Ethereum back toward $4,700 and beyond. 

However, if this level breaks, it may open the door toward $5,500–$665,0 in the coming months. 

On the downside, losing support near $3,825 could trigger a deeper correction.

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$BNB has just surpassed $XRP and $USDT in terms of market cap, making it the third largest crypto in the world.

The token surged to a high of $1,335 before bouncing back down to $1,308, leaving $BNB at around a 50% monthly increase. Its market cap now sits at around $183B, meaning that it’s just passed $XRP at $172B and Tether at $177B, but this could easily change at a moment’s notice.

We’ll get into why BNB’s surge could mean that meme coins like Maxi Doge ($MAXI) are primed to pump as a result, but first we’ll look into what’s causing the jump in $BNB’s price.

Why Is $BNB Growing?
It looks like the Uptober season is in full swing and Binance has seen a jump in activity as a result. Binance Smart Chain’s Total Value Locked (TVL) has grown by $1.88B in the last month, a 25% increase.

There’s also been a near 35% jump in the number of active addresses this month, reaching 2.89M.

This all coincides with a healthy season for memecoins. Bubblemaps has released an analysis showing the profit/loss for new token launches and found that around 70% of the active traders posted profits.

Of the 133K traders recorded trading EVM tokens during this new BNB meme coin season, 93K profited raking in a total of $516M over the period. This jump in speculative trading activity has boosted the value of $BNB as well as the Binance platform as a whole.

BNB is also up by almost 50% in the last month, with a 2x increase in its 24-hour trading volume – a clear bullish signal for traders and investors.

Source: CoinMarketCap
With these numbers in mind, it looks like the back end of the year is going to be a great time for meme coin traders. That’s why we’re looking at one of the best meme coins for 2025: Maxi Doge ($MAXI).

What About Maxi Doge?
Maxi Doge ($MAXI) is $DOGE if he spent every waking hour either pumping iron for a new personal best or watching candlestick charts through sweaty palms fuelled by one too many energy drinks. He’s a gym-bro who believes that anything less than 1000x leverage is for cowards, and his token reflects this.

Based on Dogecoin’s success and favorable market conditions, $MAXI has a great chance of pumping just based on the meme aesthetics of the coin. That’s before we get into the plans the Maxi Doge devs have in store to make sure $MAXI takes off.

When $MAXI goes live, holders will have access to exclusive trading competitions with a leaderboard for the best ROIs on moonshot trades.

Alongside trading competitions, 40% of the Maxi Doge marketing fund will go to social media campaigns on Twitter, Instagram, and TikTok.. The team will also bring Key Opinion Leaders to $MAXI, boosting its reputation and visibility.

Looking further ahead, the Maxi Doge devs eventually want to partner with futures trading companies and build $MAXI into the ultimate token for traders living on the edge.

It’s a viable plan, and for proof you need only look at how $DOGE has grown. In 2021, Dogecoin spiked over 800% during a single day and hit a high of $0.08. By May 2021, $DOGE hit $0.5 to and became the biggest meme coin in the world.

If $MAXI can tap into a little bit of that meme community magic, it could become the next crypto to explode.

$MAXI has already performed well in its token presale. To date, over $2.8M of $MAXI has been sold and the presale isn’t slowing down. You can grab your $MAXI now while it’s still only $0.000261, but don’t delay – it’s a dynamic presale, so that price won’t last forever.

Any $MAXI you purchase in the presale can also be staked for returns of up to 120% per annum, making it a great way to maximise your gains without hitting the weights.

Check out $MAXI before the presale ends.

All crypto products are volatile. Make sure to always do your own research before investing and only invest what you’re prepared to lose. This article is not financial advice.

Authored by Ben Wallis, Bitcoinist – https://bitcoinist.com/bnb-surpasses-xrp-best-meme-coins-like-maxi-doge-explode

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.

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The price of XRP experienced a 4.54% drop yesterday, and that was the biggest daily decrease for it since the last week of September. Along the way, the altcoin lost the $3 price mark and found the bottom at around the $2.85 level. While a 5% dip may not be considered serious in crypto, the market cap decrease worth $7 billion is much more a stark indicator of how big it was.

But today's story is not about what already happened with the XRP price but rather what lies ahead for the fourth biggest cryptocurrency.

If you take a look at the XRP price chart, you will see a pretty interesting pattern — a death cross. When the 23-day moving average crossed below the 50-day one, it confirmed a technical formation that usually signals a prolonged phase of pressure.

HOT Stories

XRP/USD by TradingViewThe timing makes it even more relevant, as the cross happened right as the sell-off was happening, showing the weakness that pushed XRP under the $3 threshold.

Best "worst" scenarioThe best "worst" scenario now is finding support at the 200-day moving average on the daily time frame, which currently sits at $2.64. That level has been a real game-changer in the past, and if it can hold on to it, it will show that the bigger uptrend is still in place, even with some short-term setbacks.

If XRP drops to $2.64, that will be the lowest it has been since early August, and it could shake confidence. But it would also show a clear floor, where it might start building up again.

For traders on the other side, the best way to neutralize the pattern and ease concerns raised by the death cross is to quickly regain $3 and push above $3.10. Until then, XRP is trading under a bearish setup.

, /PRNewswire/ -- Robo.ai Inc. (Nasdaq: AIIO) (the "Company") today announced that it will hold an extraordinary general meeting of shareholders (the "EGM") at Office 114-117, Floor 1, Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai, UAE on October 23, 2025 at 4:00 p.m., Dubai local time. Shareholders can also participate in the EGM, vote, and submit questions via live webcast by visiting https://www.cstproxy.com/roboai/2025. 

Holders of ordinary shares of record on the close of business on September 23, 2025 (the "Record Date") or their proxy holders are entitled to vote at the EGM or any adjournment or postponements thereof. As of the Record Date, each Class A ordinary share is entitled to twenty-five votes, and each Class B ordinary share is entitled to one vote.

At the EGM, the following resolutions will be considered and voted upon:

As an ordinary resolution, to approve the increase of the Company's authorized share capital, from US$50,000, divided into 500,000,000 shares comprising of (i) 100,000,000 Class A ordinary shares of a par value of US$0.0001 each and (ii) 400,000,000 Class B ordinary shares of a par value of US$0.0001 each, to US$400,000, divided into 4,000,000,000 shares comprising (i) 500,000,000 Class A ordinary shares of a par value of US$0.0001 each and (ii) 3,500,000,000 Class B ordinary shares of a par value of US$0.0001 each (the "Share Capital Increase").
As a special resolution, to approve that the Company's Third Amended and Restated Memorandum and Articles of Association be amended and restated by the deletion in their entirety and by the substitution in their place of the Fourth Amended and Restated Memorandum and Articles of Association to (i) reflect the Share Capital Increase, (ii) expand the power of the Board to effect any stock split and reverse stock split, and (iii) make other miscellaneous revisions.
As an ordinary resolution, to approve and authorize that (i) the Company may give, make, sign, execute, and deliver all such agreements, letters, notices, certificates, acknowledgements, instructions and other documents (whether of a like nature or not) in relation to the matters contemplated in the foregoing resolutions as may be considered necessary or desirable by any director or officer of the Company for the purpose of the coming into effect of or otherwise giving effect to, consummating or completing or procuring the performance and completion of all or any of the matters described in the foregoing resolutions, and (ii) any one director or officer or the registered office provider of the Company be and is hereby authorized to take any and every action that might be necessary, appropriate, or desirable to give effect to the foregoing resolutions as such director or officer or the registered office provider, in his/her/its absolute discretion, thinks fit, including but not limited to, attendance on any filing or registration procedures for and on behalf of the Company in the Cayman Islands.

In addition, the EGM may transact any other business properly brought before it.

The notice of the extraordinary general meeting sets forth more details about the resolutions to be submitted to shareholders of the Company for approval and other relevant information regarding the extraordinary general meeting and how to vote ordinary shares at the extraordinary general meeting.

INVESTORS AND SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE MATERIALS FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION, AS THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE CHANGE OF COMPANY NAME, AND RELATED MATTERS.

About Robo.ai Inc.:

Robo.ai Inc. (Nasdaq: AIIO) is a technology company focused on building a global AI robotics network platform. Its mission is to integrate intelligent terminals, develop a unified AI operating system, and establish a smart contract-enabled ecosystem to drive the intelligent era. Robo.ai aims to transform into a decentralized AI asset platform, connecting all AI terminals and enabling the next wave of asset tokenization and the Internet of Things.

SOURCE Robo.ai Inc.

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Precious metals stocks were among the strongest performers in London on Wednesday as gold climbed to a record high above $4,000 (£2,985) an ounce, extending a months-long rally fuelled by global uncertainty and expectations of lower US interest rates.

The surge follows a bullish forecast from Goldman Sachs, which said this week the metal could reach $4,900 by the end of the year.

Spot gold, the real-time price for immediate delivery, was $4,037 an ounce mid-morning.

Gold has now gained around one-third since April, when renewed trade tensions under US President Donald Trump unsettled global markets.

Analysts say investors are piling into gold and other safe haven assets amid a prolonged US government shutdown and concerns over delayed economic data releases.

The shutdown, now in its second week, has compounded market jitters, according to OCBC Bank strategist Christopher Wong, who described it as a “tailwind for gold prices.”

Banks and fund managers report a sharp rise in demand for gold-backed exchange-traded funds, with inflows hitting a record $64 billion so far this year, according to the World Gold Council.

Dealers say private buyers and family offices have also increased holdings as confidence in traditional markets wanes.

On the equity markets, Endeavour (up 2.6%) and Fresnillo (ahead 2%) were among the FTSE 100's biggest risers.

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UK housebuilder Bellway PLC (LSE:BWY) is expected to place capital efficiency at the centre of its investor comms when it releases full-year results next week, that's according to analysts at Citi.

The American bank's London-based analysts reckon attention is likely to be on how the housebuilder sets out detailed targets tied to its capital allocation framework, and they point to Bellway’s ambition for a more efficient balance sheet, to enable stronger cash generation and returns to shareholders.

“We expect investors’ focus in the upcoming FY results is likely to be on detailed targets underpinning its capital allocation frameworks as it pursues its ambition for balance sheet efficiency, driving higher cash generation and shareholders,” Citi said.

While the company has previously flagged these ambitions, Citi believes they are not yet fully reflected in the share price due to ongoing sector caution and uncertainty around the timing and scale of shareholder returns.

Despite this, Citi sees “significant scope for a structural re-rating on a relative basis” and reiterated a Buy recommendation with a target price of £30.00.

NORTHVILLE, Mich., Oct. 08, 2025 (GLOBE NEWSWIRE) -- Tenneco proudly introduces GLYCODUR® NEO, its latest bearing solution featuring GLYCO 692, a groundbreaking, PFAS-free material engineered to meet the growing demand for sustainable, high-performance sliding solutions. Designed for both dry and lubricated use, GLYCODUR® NEO with GLYCO 692 sets a new benchmark in tribological performance, safety and versatility.

“Our customers are seeking reliable, future-ready solutions that address both performance and regulatory requirements,” said Dr. Christian Herbst-Dederichs, Vice President, Product and Technology, Powertrain. “With GLYCODUR® NEO featuring GLYCO 692, we are proud to deliver a solution that reflects our close collaboration with industry partners and our commitment to their long-term success.”

With tightening environmental regulations and a global push for safer material standards, GLYCO 692 delivers exactly what modern industries require: excellent friction characteristics, high wear-resistance and superior load-bearing capabilities, all without relying on PFAS compounds.

“At Tenneco, innovation goes hand-in-hand with responsibility,” said Dr. Tobias Larem, Manager, R&D Material Development. “GLYCO 692 is the result of focused R&D aimed at delivering not just high-performance components, but ones that align with evolving regulatory and environmental expectations.”

Key Features of GLYCODUR® NEO with GLYCO 692:

PFAS-free composition for environmentally responsible performanceLow coefficient of friction with or without lubricationExceptional wear-resistance and thermal enduranceHigh load capacity: static up to 250 MPa, dynamic up to 80 MPaWide operating temperature range: -50°C to +260°CHealth-conscious formulation with no hazardous constituents

Engineering Excellence.

GLYCO 692 is a three-layer composite material consisting of a steel backing, an open-pore tin-bronze sintered matrix, and a thermoplastic-based sliding layer enriched with a highly effective filler combination. This structure offers remarkable mechanical and thermal stability under both lubricated and dry running conditions.

Available in multiple formats including strip, wrapped bushings, flange bushings and thrust washers, GLYCO 692 supports a wide array of industrial and automotive applications—from pumps and transmissions to shock absorbers and other components in high-demand environments.

Universal Application. Uncompromising Performance.

Whether in dry environments or oil-lubricated systems, GLYCO 692 is engineered to perform. Its friction-reducing additives, high endurance, and universal adaptability make it an ideal choice across automotive and industrial sectors.

For more information about GLYCODUR® NEO with GLYCO 692, visit glycodur.de.

About Tenneco
Tenneco is one of the world's leading designers, manufacturers, and marketers of automotive products for original equipment and aftermarket customers. Through our DRiV, Performance Solutions, Clean Air, Powertrain and Champion® business groups, Tenneco is driving advancements in global mobility by delivering technology solutions for light vehicle, commercial truck, off-highway, industrial, motorsport and the aftermarket. Visit Tenneco.com to learn more.

CONTACT:
Media Relations at Tenneco
[email protected]

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Shareholders with questions or who need assistance voting should contact TELUS Digital’s proxy solicitation agent, Laurel Hill Advisory Group, at 1-877-452-7184 (1-416-304-0211 for collect calls outside North America) or by email at [email protected]

Deadline for consideration election is October 22 at 9:00 a.m. (Vancouver time)

Deadline for proxy voting is October 23 at 9:00 a.m. (Vancouver time)

Delay does not affect Shareholders receiving materials electronically; shareholders encouraged to access materials electronically

VANCOUVER, British Columbia--(BUSINESS WIRE)--TELUS International (Cda) Inc. (“TELUS Digital”) (NYSE & TSX: TIXT) today announced that the Canada Post labour strike may delay postal delivery of physical copies of the management information circular (the “Circular”) and related materials in respect of its Special Meeting of shareholders (the “Special Meeting”) scheduled to be held virtually at 9:00 a.m. (Vancouver time) on October 27, 2025 to consider the proposed arrangement with TELUS Corporation (“TELUS”) (TSX: T, NYSE: TU) (the “Arrangement”). TELUS Digital’s Shareholders are encouraged to access the Circular, the Letter of Transmittal and Election Form and related materials electronically under TELUS Digital’s profile, in Canada on SEDAR+ at www.sedarplus.com and in the United States on EDGAR at www.sec.gov, and the Envision website at www.envisionreports.com/telusdigital2025special.

Consistent with the Interim Order granted by the Supreme Court of British Columbia, TELUS Digital also provided notice of the availability of the meeting materials in an advertisement in the National Post on October 7, 2025.

How to Vote your Shares

Registered shareholders experiencing a delay in receiving the Circular and related materials should contact Computershare Investor Services Inc. at 1-800-564-6253 to obtain their individual control numbers in order to vote their TELUS Digital shares. Registered shareholders are encouraged to vote their TELUS Digital Shares via the internet at www.investorvote.com or via telephone at 1-866-732-VOTE (8683). The proxy voting deadline is October 23, 2025 at 9:00 a.m. (Vancouver time).

Beneficial shareholders experiencing a delay in receiving the Circular and related materials should contact their broker or other intermediary for assistance in obtaining their individual control numbers in order to vote their TELUS Digital shares. Beneficial shareholders are encouraged to vote their TELUS Digital shares via the internet at www.proxyvote.com or via telephone at 1-800-474-7493 (English) or 1-800-474-7501 (French). It is recommended that any physical forms of proxy or voting instruction forms be delivered via courier to ensure that they are received in a timely manner.

Registered shareholders who wish to exercise their dissent rights in connection with the Arrangement are also cautioned to deliver their written objection to TELUS Digital using a method other than Canada Post or by facsimile transmission in accordance with the instructions set forth in the Circular to ensure that they are received in a timely manner.

Shareholders with questions or who need assistance voting should contact TELUS Digital’s proxy solicitation agent, Laurel Hill Advisory Group (“Laurel Hill”), at 1-877-452-7184 (1-416-304-0211 for collect calls outside North America) or by email at [email protected]. Certain beneficial shareholders are also eligible to vote their TELUS Digital shares conveniently over the phone with Laurel Hill, whether or not they have received their materials.

How to Make your Consideration Election

The deadline for completing and submitting an election regarding the Shareholder’s preferred Consideration mix is approaching and due by October 22, 2025 at 9:00 a.m. (Vancouver time).

Each Shareholder (other than the Shareholders validly exercising their dissent rights and TELUS and any of its affiliates) can elect to receive in respect of all (and not a portion) of their TELUS Digital Shares, at the effective time of the Arrangement: (a) US$4.50 in cash (the “Cash Consideration”), (b) 0.273 of a common share of TELUS (the “TELUS Shares” and such consideration, the “Share Consideration”), or (c) US$2.25 in cash and 0.136 of a TELUS Share (the “Combination Consideration”), for each TELUS Digital Share transferred (collectively, the “Consideration”), subject to proration such that no more than 25% of the aggregate Consideration to be paid to the Shareholders will consist of TELUS Shares.

Registered Shareholders, in order to make their election to receive the Cash Consideration, the Share Consideration or the Combination Consideration (subject to proration and adjustment in accordance with the Plan of Arrangement), must submit the Letter of Transmittal and Election Form by 9:00 a.m. (Vancouver time) on October 22, 2025 by mail to Computershare Investor Services Inc. (address stated on the back of the Letter of Transmittal and Election Form), or, if the Meeting is adjourned or postponed, no later than three Business Days before the adjourned Meeting is reconvened or the postponed Meeting is convened (the “Election Deadline”).

Beneficial shareholders should contact their broker or intermediary to make an election as to their preferred form of Consideration. The deadline for election may be sooner than indicated for Registered Shareholders.

Shareholders that do not validly elect to receive the Cash Consideration, the Share Consideration or the Combination Consideration by the Election Deadline will be deemed to have elected to receive the Combination Consideration as to all of the Shares they hold.

Please refer to the Circular and the Letter of Transmittal and Election Form for additional information.

Forward-Looking Statements

This news release contains statements about future events and plans at TELUS and TELUS Digital that are forward-looking which include, without limitation, statements relating to the transaction; available liquidities; the expected timing of, and conditions precedent to, completion of the transaction and the TELUS Digital Special Meeting; the attractiveness of the transaction from a financial perspective; the strength, complementarity and compatibility of TELUS Digital’s business with TELUS’ existing business and teams; the anticipated strategic, financial and other benefits of the transaction; general industry, economic, market and other conditions and factors which could have a material adverse effect on TELUS Digital or TELUS or the ability to consummate the transaction. Forward-looking statements are typically identified by the words assumption, goal, objective, strategy, target and other similar expressions, or future or conditional verbs such as aim, anticipate, believe, could, expect, intend, may, plan, predict, seek, should, strive and will. These statements are made pursuant to the “safe harbour” provisions of applicable securities laws.

By their nature, forward-looking statements are subject to inherent risks and uncertainties and are based on assumptions, including, without limitation, assumptions regarding: the receipt of all requisite shareholder, court, stock exchange approvals; the realization of expected strategic, financial and other benefits of the transaction in the timeframe anticipated; economic and political environments and industry conditions; the ability to retain and attract new business, drive cross selling opportunities between the respective organizations; integration of the business acquired within anticipated time periods and at expected cost levels; the accuracy and completeness of public and other disclosure (including financial disclosure) by TELUS Digital and TELUS; absence of significant undisclosed costs or liabilities associated with the transaction; the ability to attract and retain key employees in connection with the transaction; management’s estimates and expectations in relation to future economic and business conditions and other factors in relation to the transaction and resulting impact on growth and accretion in various financial metrics. These assumptions may ultimately prove to have been inaccurate and, as a result, the actual results or other events may differ materially from the expectations expressed in, or implied by, the forward-looking statements.

The risks and the assumptions underlying the forward-looking statements are described in additional detail in Section 9 General trends, outlook and assumptions, and regulatory developments and proceedings and Section 10 Risks and risk management in TELUS’ 2024 annual MD&A, as supplemented by Section 9 Update to general trends, outlook and assumptions, and regulatory developments and proceedings in TELUS’ interim MD&A for the second quarter ended June 30, 2025, and under the heading “Risk Factors” in the Schedule 13E-3, and in other TELUS and TELUS Digital public disclosure documents and filings with securities commissions in Canada (on SEDAR+ at www.sedarplus.com) and in the United States (on EDGAR at www.sec.gov). Those descriptions are incorporated by reference in this cautionary statement but are not intended to be a complete list of the risks that could affect TELUS and or TELUS Digital, or of the assumptions of TELUS and TELUS Digital.

Risks and uncertainties that could cause actual performance or other events to differ materially from the forward-looking statements in this news release include, but are not limited to, the following: the integration of TELUS Digital into TELUS’ business; the dependence on key employees and the loss of certain key personnel of TELUS Digital; the possible failure to realize, in the timeframe anticipated or at all, the anticipated strategic, financial and other benefits of the transaction; the failure to close the transaction or change in the terms of the transaction; the uncertainty of obtaining in a timely manner, or at all, the requisite shareholder, court, stock exchange approvals; the inherent uncertainty associated with financial or other projections; increased indebtedness; transitional risk; potential undisclosed costs or liabilities associated with the transaction; the reliance on information provided by, and assumptions, judgments and allocations made by TELUS Digital; the possibility of litigation relating to the transaction; and risks related to the diversion of management’s attention from TELUS Digital’s ongoing business operations.

Readers are cautioned not to place undue reliance on forward-looking statements. The forward-looking statements contained in this news release describe TELUS Digital’s and TELUS’ respective expectations, and are based on their respective assumptions, as at the date of this news release and are subject to change after this date. TELUS and TELUS Digital disclaim any intention or obligation to update or revise any forward-looking statements except as required by law. This cautionary statement qualifies all of the forward-looking statements in this news release.

About TELUS Digital

TELUS Digital (NYSE & TSX: TIXT) crafts unique and enduring experiences for customers and employees, and creates future-focused digital transformations that deliver value for our clients. We are the brand behind the brands. Our global team members are both passionate ambassadors of our clients’ products and services, and technology experts resolute in our pursuit to elevate their end customer journeys, solve business challenges, mitigate risks, and drive continuous innovation. Our portfolio of end-to-end, integrated capabilities include customer experience management, digital solutions, such as cloud solutions, AI-fueled automation, front-end digital design and consulting services, AI & data solutions, including computer vision, and trust, safety and security services. Fuel iX™ is TELUS Digital’s proprietary platform and suite of products for clients to manage, monitor, and maintain generative AI across the enterprise, offering both standardized AI capabilities and custom application development tools for creating tailored enterprise solutions.

Powered by purpose, TELUS Digital leverages technology, human ingenuity and compassion to serve customers and create inclusive, thriving communities in the regions where we operate around the world. Guided by our Humanity-in-the-Loop principles, we take a responsible approach to the transformational technologies we develop and deploy by proactively considering and addressing the broader impacts of our work. Learn more at: telusdigital.com.