Market Signal Briefing

By Reuters

October 7, 202511:29 PM UTCUpdated ago

xAI logo is seen in this illustration taken, February 16, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

Oct 7 (Reuters) - Elon Musk's xAI is raising more financing than initially planned, including an equity investment from Nvidia

(NVDA.O), opens new tab, to bring its ongoing funding round to $20 billion, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.

The financing, which includes equity and debt, will be tied to the Nvidia graphics processing units that xAI plans to use in Colossus 2, according to Bloomberg.

Sign up here.

Reuters could not immediately verify the report.

Reporting by Chandni Shah in Bengaluru; Editing by Alan Barona

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

KBR Investors with Losses Encouraged to Contact the Firm

, /PRNewswire/ -- A new class-action lawsuit is targeting KBR, Inc. (NYSE: KBR), alleging the company made misleading statements to investors in the weeks leading up to the abrupt cancellation of a major military contract. The suit, Norrman v. KBR, Inc., et al., No. 4:25-cv-04464 (S.D. Tex.), was filed after the company's stock plunged following the termination of a multi-billion-dollar deal.

National shareholders rights firm Hagens Berman urges KBR investors who suffered substantial 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.

Class Period: May 6, 2025 – June 19, 2025
Lead Plaintiff Deadline: Nov. 18, 2025
Visit:www.hbsslaw.com/investor-fraud/kbr
Contact the Firm Now:[email protected]
                                        844-916-0895

KBR, Inc. (KBR) Securities Class Action:

The legal action seeks to represent shareholders who purchased KBR securities between May 6, 2025, and June 19, 2025. It claims that KBR executives provided a falsely optimistic outlook on a crucial partnership just as it was on the verge of collapse.

The litigation stems from the Department of Defense U.S. Transportation Command (TRANSCOM) canceling its global household goods contract with HomeSafe Alliance LLC, a joint venture led by KBR. The decision, announced on June 20, 2025, caused KBR shares to fall over 7% as investors reacted to the loss of a contract valued at up to $20 billion over a potential nine-year term.

The suit highlights a key discrepancy: on May 6, 2025, during its Q1 earnings call, KBR assured investors that the HomeSafe partnership was "strong" and "excellent" and that the company was "very confident in the future of this program."

However, just weeks later, on June 19, 2025, HomeSafe disclosed that TRANSCOM had terminated the contract for cause. The termination reportedly came after months of operational issues, including chronic delays, missed pickups, and a rise in complaints about damaged goods. The complaint alleges that KBR was aware of TRANSCOM's material concerns but chose to conceal them from investors. The lawsuit argues that this misrepresentation led to the significant financial losses suffered by shareholders.

"We're focused on whether KBR may have intentionally misled investors about the true status of the relationship with TRANSCOM and the contract," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in KBR 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 KBR case and our investigation, read more »

Whistleblowers: Persons with non-public information regarding KBR 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. 

SOURCE Hagens Berman Sobol Shapiro LLP

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+

Newsrooms &

Influencers

9k+

Digital Media

Outlets

270k+

Journalists

Opted In

October 07, 2025 7:50 PM EDT | Source: Lion One Metals Limited
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

North Vancouver, British Columbia--(Newsfile Corp. - October 7, 2025) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") is pleased to announce that as a result of further investor demand, the Company has increased the size of its previously announced non-brokered private placement for gross proceeds of $20,000,000 to gross proceeds of $25,000,000 (the "LIFE Offering"). The upsized LIFE Offering will consist of an offering of up to 78,125,000 units (the "Offered Units") at a price of $0.32 per Offered Unit (the "Issue Price"), pursuant to the listed issuer financing exemption available under National Instrument 45-106 - Prospectus Exemptions, in each of the provinces and territories of Canada other than Quebec. Each Offered Unit will consist of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.42 for a period of three years from the date of issuance.

The Company initially announced the LIFE Offering on September 9, 2025 and previously upsized the LIFE Offering from gross proceeds of $15,000,000 to gross proceeds of $20,000,000 on September 12, 2025. On September 24, 2025, the Company closed the first tranche of the LIFE Offering (the "First Tranche") for gross proceeds of $18,715,153. Pursuant to the First Tranche, the Company issued 58,484,853 Offered Units at the Issue Price plus an additional 984,375 Offered Units at the Issue Price in lieu of paying a $315,000 cash finder's fee to one finder.

The second tranche of the LIFE Offering (the "Second Tranche") is expected to close on or around October 15, 2025. Closing of the Second Tranche will consist of the issuance of up to a further 18,655,772 Offered Units for further gross proceeds of up to $5,969,847.04.

There is an amended offering document relating to the LIFE Offering (the "Second Amended Offering Document") that can be accessed under the Company's profile at www.sedarplus.ca and at https://liononemetals.com. Prospective investors in the LIFE Offering should read the Second Amended Offering Document before making an investment decision.

The Company intends to use the net proceeds from the LIFE Offering to fund the development of the Company's 100% owned and fully permitted high grade Tuvatu Gold Project, repayment of principal and interest for the Company's loan facility with Nebari, and for working capital purposes.

Closing of the LIFE Offering is subject to certain customary conditions including receipt of all necessary approvals, including satisfaction of listing conditions of the TSX Venture Exchange ("TSX-V"). The LIFE Offering may be closed in one or more tranches. The securities offered under the LIFE Offering will not be subject to Canadian resale restrictions in accordance with applicable Canadian securities laws.

The Company may pay finders' fees in connection with the LIFE Offering, as permitted by applicable securities laws and the rules of the TSX-V. The finders' fees will consist of cash commissions equal to up to 7% of the gross proceeds raised from purchasers introduced to the Company by eligible finders and finder warrants equal to up to 7% of the aggregate number of Offered Units sold to purchasers introduced to the Company by eligible finders. Each finders warrants will entitle the holder to purchase one Common Share at a purchase price of $0.32 per finders warrant exercisable for a period of 24 months after the issuance of such finder warrants.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any Common Shares in the United States. The securities to be sold in the LIFE Offering have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Lion One Metals Limited

Lion One Metals is an emerging Canadian gold producer headquartered in North Vancouver BC, with new operations established in late 2023 at its 100% owned Tuvatu Alkaline Gold Project in Fiji. The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Company also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets.

On behalf of the Board of Directors of
Lion One Metals Limited,

"Walter Berukoff"
Chairman of the Board

Neither 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.

Forward-Looking Information

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements or information. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Forward-looking statements made in this news release include statements regarding anticipated completion of the LIFE Offering and the proposed use of proceeds of the LIFE Offering. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, with respect to the LIFE Offering, debt settlement; the conditions of the financial markets; availability of financing; timeliness of completion of the LIFE Offering; the timing of TSX Venture Exchange approval; with respect to the use of proceeds, the sufficiency of the proceeds; the speculative nature of mineral exploration and development; fluctuating commodity prices; and competition, as described in more detail in our recent securities filings available at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269570

Analysts warn that elevated profit levels could prompt increased selling as Bitcoin enters a new phase of heightened volatility and market optimism.

Key Takeaways

More than 95% of Bitcoin's circulating supply is currently in profit after the price surpassed $117,000, according to Glassnode.
The market is experiencing an extended euphoria phase, characterized by widespread profitability among holders and increased volatility.

Glassnode reported that over 95% of Bitcoin’s circulating supply is now profitable as the flagship cryptocurrency surpassed $117,000. The on-chain analytics firm highlighted this milestone amid Bitcoin’s extended euphoria phase characterized by widespread holder profitability and heightened market volatility.

Analysts have noted that Bitcoin’s high profitability levels often precede periods of increased sell-side pressure, aligning with historical patterns of distribution during peak bullish sentiment. The cryptocurrency’s recent price consolidation bands have become focal points for potential rebounds, with key resistance levels influencing short-term bullish resets.

Disclaimer

After struggling to hold steady at the $3 resistance level despite strong market momentum, XRP has finally returned to the red zone, recording a sharp price drop in the last hour.

Amid this sudden shift in investor sentiment, XRP has seen a massive wipeout of long positions in its hourly liquidation activity, according to data provided by Coinglass.

Notably, the data shows that XRP bulls had staked heavily in its derivatives market amid optimism for a continued price upsurge. With these expectations now shattered, the Ripple-associated cryptocurrency has seen a total of $8.14 million wiped out in the last hour, with long positions suffering the heaviest portion of the losses.

HOT Stories

Source: Coinglass While only $179,430 were erased in short positions, a massive $7.96 million in long positions were liquidated, marking an hourly liquidation imbalance of 4,335%.

XRP loses top 3 spotJust a day after XRP stirred reactions across the crypto market by surpassing BlackRock in market capitalization, the leading altcoin has suddenly seen an unexpected shift in market sentiment, with its price plunging by over 4% in just one hour.

The epic price reversal has raised eyebrows, sparking curiosity about where the altcoin might be headed next. Following this massive price plunge, XRP has not only lost momentum but has also dropped from its position as the third-largest cryptocurrency by market capitalization.

With its market capitalization declining by over 5% in the last 24 hours, XRP has lost its top-three ranking to BNB, which has now emerged as the third-largest cryptocurrency after achieving multiple all-time highs in less than 24 hours.

Amid the declining momentum, XRP saw its price plunge by 5.16% over the last 24 hours, trading at $2.88 as of press time. While investors remain curious about XRP’s next price move, many have lost confidence in the asset’s ability to retest its 2018 all-time high of $3.84.

The price decline witnessed today marks the sharpest drop since the “Uptober” rally began on October 1. During the unusual trading session, XRP’s price fell from an intraday high of $3.05 to a deep low of $2.88.

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

The long-debated question of whether XRP could ever integrate into SWIFT’s global payments infrastructure may have been answered. Recent analysis from crypto researchers reveals that the token is not waiting for a direct partnership with SWIFT. Instead, Ripple’s technology is making inroads through a network of third-party fintech providers that already connect to SWIFT, offering multiple entry points or backdoor routes to the network’s 11,000 financial institutions. 

Fintech Providers To Enable XRP To Flow Through SWIFT
According to crypto enthusiast Peter Bourg, a recent thread by market researcher “@SMQKEDQG” on X social media outlined how seven prominent fintech firms are serving as active bridges between XRP and SWIFT. These companies—ACI, EastNets, Finastra, TAS, Temenos, Volange, and CGI—already support ISO 20022-compliant cross-border payment systems. This means they can handle data-rich financial messages that enable faster, more transparent, and standardized settlement. 

Bourg added that Thunes, another fintech network with significant global reach, can now be added to the list, reinforcing XRP’s growing access to SWIFT’s ecosystem. He stated that with this collective fintech framework, there would be no need for a direct XRP-SWIFT collaboration. Instead, the cryptocurrency would leverage existing SWIFT-connected infrastructure that already has compliance and certification under the global telecommunications network’s evolving payment standards. 

Based on Bourg’s post, partnerships such as Ripple’s alliance with Finastra since 2019 and its integration with Temenos for real-time settlements are tangible examples of how the altcoin can easily move within SWIFT’s system. He says that these integrations provide verified “entry points” that adhere to CBPR+ standards for blockchain and interoperability, into SWIFT’s 11,000 institutions. 

The crypto enthusiast also highlighted SWIFT’s recent shift toward an API-based messaging structure through its new Transaction Management Platform (TMP), noting that the move further supports XRP’s role in faster settlements. He added that this transformation challenges the narrative of unproven competitors while underscoring the strength of SWIFT’s existing infrastructure. 

Interestingly, a member of the XRP community questioned whether these seven fintech firms could represent the 14% of SWIFT’s volume that Ripple’s CEO, Brad Garlinghouse, mentioned months ago. Bourg responded, cautioning that the true value of the firms does not lie in percentages but in adoption. 

How ISO 20022 And CBPR+ Are Powering The Token’s Entry Into SWIFT
Going back to Bourg’s referenced analysis by crypto expert SMQKE on X, the post elaborated that XRP’s pathway into SWIFT’s network is already operational through the previously mentioned third-party fintech providers. He noted that the integrated strategy hinges on Ripple aligning with global standards, specifically ISO 20022 and CBPR+. 

ISO 20022 provides a universal language for electronic payments, while CBPR+ extends this to cross-border transactions, ensuring compatibility between blockchain and traditional financial systems. SMQKE explained that Ripple’s fintech partners provide the technological backbone that allows the XRP Ledger to process and settle international payments with speed and transparency, without breaching SWIFT’s compliance rules or requiring explicit endorsement. Through these connections, XRP can also move across borders more efficiently, serving as a bridge currency between fiat pairs.

XRP trading at $2.97 on the 1D chart | Source: XRPUSDT 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.

Sign Up for Our Newsletter!
For updates and exclusive offers enter your email.

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts.
Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Peter Brandt, a veteran trader, has cautioned a potential bearish outlook for XRP in the midterm. Brandt has noted that the XRP price may be developing a descending triangle with a midterm target of around $2.68.

While using historical data to compare price action, Brandt noted that the XRP price may be eyeing $2.22 if the support level around $2.68 fails to hold. He highlighted that XRP’s weekly timeframe has been forming a bearish divergence of the Relative Strength Index (RSI).

Why is XRP Price Dropping Today?Rising Exchanges Supply amid Low Demand from whalesThe supply of XRP on major crypto exchanges has been on the rise in the recent past. According to on-chain data analysis from glassnode, more than 320 million XRP were deposited to major crypto exchanges in the past seven days, thus increasing their net supply to over 3.8 billion coins.

Meanwhile, the overall demand for XRP from whale investors has declined compared to the exchanges’ net supply.

High Liquidation of Long TradersThe XRP price likely dropped following the notable liquidation of long crypto traders. Notably, XRP’s leveraged liquidation amounted to over $23 million in the past 24 hours, while the long traders accounted for over $21 million.

As such, the odds of a long squeeze increased the midterm bearish outlook for XRP.

Earlier on Tuesday, market intelligence platform Santiment revealed that the XRP community has been showing a growing impatience. With the rising bearish FUD (fear, doubt, and uncertainty), XRP selling orders have surged.

Nonetheless, Santiment noted that the XRP price has performed exceptionally well after periods of FUD and vice versa.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

XRP faces a strong confluence of resistance at $3 – XRP price predictions now navigate a potential breakout moment.

In brief
Bitcoin hit a new all-time high on Monday; gold broke records on Tuesday.
BTC was down over 3% a day after setting its latest record, while other major cryptos were largely in the red.
Analysts think both gold and Bitcoin still have room to increase.
After setting record highs over the past two days, Bitcoin retreated on Tuesday, even as its analog form extended its recent surge to top $4,000 for the first time ever, but analysts who spoke with Decrypt remain upbeat about the digital coin.  

Bitcoin was recently trading at $122,071, down 3.1% from its record high of $126,080 a day earlier, according to crypto data provider CoinGecko.

Despite the pullback, analysts told Decrypt that the digital coin still has room to rise—with gold—as investors look to alternative assets as hedges against a potential U.S. economic slump and accompanying drop in the value of the U.S. dollar.

"As more investors opt for moving their wealth to assets that will preserve their value over time, we anticipate BTC will continue to benefit given its strong narrative as a borderless store-of-value asset immune from the fiscal irresponsibility of governments," Gerry O'Shea, head of global market insights at Hashdex Asset Management, told said in a note. 

He added that the leading cryptocurrency could break past $140,000 by year-end as investors look to participate in the so-called debasement trade, a reference to acquiring assets that can protect them against weakening currencies

Concerns about its status of the dollar, which has served as the backbone of the global economy since World War II, have mushroomed amid the often chaotic economic policies of the Trump administration, including the president’s pursuit of high tariffs against favored trading partners. Those penalties have already shown signs of raising costs.

Meanwhile, the yen and euro have also suffered amid economic headwinds in Japan and European Union countries. 

Against this backdrop, Pepperstone research strategist Dilin Wu told Decrypt that Bitcoin and gold still could keep moving higher. 

"I believe the debasement trade is far from over and could continue for at least the next six to eighteen months (around mid-term election)," she said. 

"The core drivers—rising U.S. fiscal deficits, elevated debt levels, falling real interest rates, and accommodative policy—remain unchanged," adding that Bitcoin is now being seen as a "digital safe haven" instead of a speculative asset. 

"Institutional inflows and rising ETF holdings further underscore that the market increasingly views Bitcoin as a hedge against currency debasement," Wu continued. 

Last week, Bitcoin investment products, including U.S. exchange-traded funds, generated their largest net inflows ever. 

Bitcoin's recent upswing has marked a return to its status as a safe haven asset after periods when it has correlated to more volatile tech stocks. But the asset has become more attractive to investors fretful about growing macroeconomic uncertainty, experts have told Decrypt. 

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Solana (SOL) has remained above the $200 level this week, as lower interest rates and a weaker U.S. dollar continue to support the market, fueling growing interest in a bullish Solana price prediction.

Claude predicts XRP could exceed $5, Pepe may rebound toward prior peaks, and Pi Network could approach $1 before year-end. Bitcoin has hovered near a record while U.S. policy updates have clarified rules, and seasonal “Uptober” strength has supported a broader crypto bid.

TLDR

NYDIG has raised concerns about the lack of proper reserve reporting for the USD1 stablecoin.
The last reserve update for USD1 was in July while competitors like Circle report monthly.
BitGo Technologies manages USD1 issuance and reserves but does not meet future regulatory standards.
The GENIUS Act will bar BitGo from issuing stablecoins when it takes effect in January 2027.
Over 78% of USD1 tokens are held in offshore wallets mostly linked to foreign exchanges.

The New York Digital Investment Group (NYDIG) raised red flags about the USD1 stablecoin. Their report raises concerns about reserve transparency, offshore holdings, and compliance gaps ahead of regulatory changes. The token, linked to the Trump family, faces growing scrutiny as analysts uncover operational control by BitGo Technologies.

USD1 Reserves Lack Transparency
NYDIG criticized the reserve reporting of USD1, stating that no updates have been issued since July 2025. In contrast, Circle reports monthly and Tether releases data quarterly, but USD1 missed its semi-annual schedule. “USD1 reserves reporting is below the industry standard,” said the NYDIG report.

Though World Liberty Financial (WLF) owns the USD1 brand, BitGo handles issuance, redemption, and reserve operations. BitGo is licensed as a money transmitter but lacks the status required under the GENIUS Act. The Act, effective from January 2027, mandates issuers be federally or state-qualified institutions.

NYDIG warns that BitGo will not qualify as an issuer once the GENIUS Act takes effect. Consequently, USD1’s structure must change to remain legal. “The project needs structural adjustment to comply with the law,” the report noted.

Offshore Holdings and Binance Ties Raise Red Flags
NYDIG revealed that 78% of USD1 tokens are stored in offshore wallets, mostly tied to foreign crypto exchanges. Analysts noted that Binance wallets held 90% of all USD1 tokens as of July 2025. That share has since declined, but the majority of USD1 reserves remain outside the U.S.

Bloomberg previously reported that Binance helped build the USD1 smart contract. The report also linked a $2 billion investment in USD1 to MGX, a UAE-based group. Binance’s founder, Changpeng Zhao, denied involvement, calling the report “disinformation.”

USD1, like most “stablecoins,” is not just 1 token; it’s technically 4 different tokens, each issued on different networks, Ethereum, BNB Chain, Solana, and TRON. The overwhelming majority of the USD1 tokens are issued on BNB Chain, which is closely associated with Binance by way… pic.twitter.com/Ko9SEHCGib

— NYDIG (@NYDIG) October 6, 2025

Still, NYDIG questioned why a U.S.-linked stablecoin is so dependent on foreign platforms. Some tokens have been redeemed, but a portion went to unknown addresses. The report flagged this as a concern for regulatory oversight and stability of USD1 reserves.

Policy Contradictions and Ambitious Asset Tokenization Plans
WLF promotes USD1 as part of a global “dollarization mission,” calling it a patriotic move. NYDIG acknowledges this but notes a contradiction in economic policy. While Trump supports the dollar globally, he has also advocated for a weaker USD to boost exports.

The company plans to tokenize real-world assets (RWAs) and pair them with USD 1. Analysts view this as a bold move targeting both the $2 trillion stablecoin market and the $257 trillion securities market. However, regulatory concerns and offshore holdings could pose significant risks.

NYDIG emphasizes the need for more transparent reserve reporting and legal compliance. USD1 reserves must become transparent and fully auditable. Until then, concerns around governance and jurisdiction will likely persist.

Ethereum (ETH) has started to show renewed bullish momentum as it climbs steadily above $4,650. After maintaining support above the $4,500 level, ETH has initiated a fresh upward move, signaling the possibility of higher gains in the coming sessions.

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.

The long-running rivalry between gold and Bitcoin has resurfaced. Economist and gold advocate Peter Schiff reignited debate over which of these two assets will dominate in the next market cycle. Schiff warned that Bitcoin and the wider crypto sector are “about to be rugged by gold.” He suggested investors could soon rotate toward traditional safe-haven assets.

Schiff Predicts $4,000 Gold as Bitcoin Retreats From Record Highs
Schiff, known for his long-standing criticism of Bitcoin, wrote on X that Wall Street’s optimism about crypto had reached unsustainable levels. He argued that with sentiment overly bullish, digital assets may struggle to advance further.

“It’s very likely that Bitcoin and everything crypto are about to be rugged by gold,” Schiff posted. He added that if gold tops $4,000 per ounce, “Bitcoin will sell off, taking the rest of crypto with it.”

Wall Street is so bullish on crypto that it’s hard to imagine it going much higher from here. Instead, it’s very likely that Bitcoin and everything crypto are about to be rugged by gold. As gold tops $4k, it’s likely that Bitcoin will sell off, taking the rest of crypto with it.

— Peter Schiff (@PeterSchiff) October 7, 2025

His comment came as Bitcoin briefly fell below $122,000, retracing from record highs set earlier this week. Bitcoin extended its rally, reaching an all-time-high of $126,000 as markets priced in a potential three-week U.S. government shutdown

With the exception of BNB which recorded gains, Ethereum, XRP and Solana recorded losses between 4% and 6%, according to TradingView data. The total crypto market capitalization dropped to around $2.58 trillion, signaling mild but broad profit-taking after weeks of strong gains.

Gold’s Rise Spurs Caution as Crypto Leverage Eases
In a reply thread, tech entrepreneur Brian Shuster questioned Schiff’s logic, suggesting the inverse could be true given Bitcoin’s market capitalization and adoption trends. Schiff responded that while only a small percentage of investors are buying gold, the shift marks a growing trend compared to last year.

He emphasized that “Bitcoin or crypto plays are far more common,” but said gold’s appeal as a hedge could grow sharply if its price continues to climb. In contrast to Schiff’s warning, veteran investor Paul Tudor Jones predicted an explosive Bitcoin rally.

Gold price has been steady near $2,700 per ounce. Hence, some analysts are expecting new highs if global inflation and rate-cut expectations persist. Schiff’s forecast of $4,000 gold implies a potential 50% surge. That would likely draw the attention of large institutions and may withdraw their funds off risky assets, such as crypto.

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.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Forward Industries has launched a 0%-commission, institutional-grade Solana validator with DoubleZero, built with Galaxy and Firedancer. The node has been positioned for top-tier performance, with pilot programs for revenue optimization, bandwidth expansion, and latency reduction across the network.

ChatGPT's XRP Analysis has detailed a -4.17% decline to $2.8638, with XRP having slipped beneath the 20/50-day EMAs and tested the 100-day EMA while the OCC review has reached its deadline, BNB has moved ahead in market cap, and institutional signals have developed.

Ethereum (ETH) is trading at critical levels after a sharp rally from $3,800 to $4,700 in just a few days, marking one of its strongest moves in recent months. The swift rebound highlights renewed strength from bulls, who now appear firmly in control of the market’s short-term direction. As ETH approaches key resistance zones, analysts are closely watching whether the second-largest cryptocurrency can sustain its momentum and confirm a breakout above the current range.

This impressive move is not just driven by market sentiment but also by robust on-chain fundamentals. Institutional participation in Ethereum continues to rise, with inflows from funds and treasuries steadily increasing over the past weeks. Meanwhile, staking activity remains high, suggesting that long-term investors are showing confidence in ETH’s network security and yield potential despite volatility in broader markets.

The combination of growing institutional demand and sustained staking confidence provides a solid foundation for Ethereum’s next phase of growth. If bulls maintain control and price holds above $4,500, analysts believe ETH could be gearing up for another leg higher, potentially entering a new expansion cycle as the broader crypto market follows Bitcoin’s renewed bullish momentum.

Grayscale Stakes $150M in Ethereum
According to onchain data from Lookonchain, Grayscale (ETHE and ETH ETF) staked 32,000 ETH, worth approximately $150.56 million, earlier today. This move represents one of the largest institutional staking transactions in recent weeks and signals growing confidence among major players in Ethereum’s long-term value proposition. The decision to allocate such a significant amount of ETH to staking underscores the continued institutional belief in Ethereum’s dual role as both a technology platform and a yield-generating asset.

Grayscale Onchain Transfers | Source: Lookonchain
Staking Ethereum locks coins within the network, effectively reducing liquid supply while contributing to network security and stability. When large holders like Grayscale commit such capital, it demonstrates conviction in the sustainability of Ethereum’s staking economy and its role within future financial infrastructure. Analysts interpret this as a strong bullish signal, especially amid rising institutional demand for tokenized assets and DeFi exposure built on the Ethereum network.

Moreover, Grayscale’s move aligns with the broader trend of institutional staking growth, where funds and asset managers increasingly leverage staking yields as an alternative income strategy. This reinforces Ethereum’s position as the backbone of decentralized finance and a key component of institutional crypto portfolios.

Combined with renewed bullish sentiment across the crypto market, Grayscale’s staking decision adds weight to the narrative that Ethereum remains undervalued relative to its fundamental strength and adoption. If momentum sustains, this event could mark the beginning of a new accumulation phase — one driven not by speculation, but by institutional conviction in Ethereum’s evolving economic and technological dominance.

Bulls Regain Momentum Above $4,600
Ethereum is currently trading around $4,688, showing renewed bullish strength after a sharp recovery from the $3,800 region earlier this month. The chart highlights a clear upward structure, with ETH reclaiming both the 50-day and 100-day moving averages, confirming a short-term trend reversal. Buyers have regained control, and the price now approaches the critical resistance zone between $4,700 and $4,800, which previously marked a major rejection area in late August.

ETH testing critical resistance | Source: ETHUSDT chart on TradingView
A decisive daily close above $4,700 could pave the way for a test of $5,000, potentially leading to a new phase of price discovery if momentum holds. The sustained higher lows since late September further indicate accumulation rather than distribution, suggesting that investors are positioning for continuation rather than taking profits.

From a broader perspective, Ethereum’s recent surge coincides with Bitcoin’s move above all-time highs and growing institutional participation. This correlation, combined with Grayscale’s recent 32,000 ETH stake, reinforces the bullish case for ETH’s medium-term outlook. However, short-term traders should monitor the $4,400 support, as a breakdown below this level could delay further upside. Overall, Ethereum’s technical structure looks strong, with clear momentum and market confidence returning as it eyes another breakout attempt.

Featured image from ChatGPT, chart from TradingView.com

ADA jumps nearly 10% as Cardano sees steady usage; $0.90 has been flagged as an important level for traders eyeing $1.10.

Cardano (ADA) slipped from 9th to 10th in terms of circulating market cap by the end of Q3, underperforming its Layer 1 peers. However, the blockchain has maintained stable usage, as engagement from users and developers alike continued to grow.

In a significant milestone, the Cardano network has processed over 1 million transactions in the past 30 days alone.

$0.90 Break Could Trigger New Rally
The steady on-chain activity comes as ADA gained almost 10% in the past week alone, which briefly pushed the crypto asset’s price to $0.875.

Amid this uptick, crypto analyst Ali Martinez noted that $0.90 is a critical point to watch for ADA. According to Martinez, a break above this threshold could attract increased buying interest and set the stage for further upside, potentially targeting $1.10 in the near term.

Crypto analyst AV Sebastian echoed similar bullish sentiments for Cardano after identifying a potential W-shaped pattern forming on ADA’s chart since October 3rd. This technical setup is expected to push the price above the critical $0.90 level, a threshold already noted by other analysts. He added that the next key resistance to watch is around $0.94, and if ADA manages to break through this level, it could open the door for a rally past $1.

AV Sebastian had previously observed that ADA sits just 17% below $1 and 252% from $3, and framed these levels as realistic targets in a parabolic bull market phase. He suggested that, when momentum aligns, such milestones could be reached within weeks.

Traditional Capital Influx
Beyond technical momentum, institutional investors are increasingly exploring ways to gain exposure to ADA as several spot ETFs are currently under review. On October 3, Rex & Osprey, a registered investment adviser and ETF issuer, filed Form N-1A registration statements with the US Securities and Exchange Commission (SEC) for 21 digital asset ETFs, including one focused on ADA with staking features.

You may also like:

$0.84 Barrier Crushed: Experts Say Cardano (ADA) Could Be Just Getting Started

Cardano (ADA) News Today: September 4th

Cardano’s (ADA) Retail Traders Turn Bearish: But Whales May Smell a Bargain

If approved, these products would allow institutional and retail investors to gain exposure to ADA through regulated financial instruments, and potentially boost liquidity and visibility for ADA alongside other major digital assets.

Cardano has also made its way into corporate treasury strategies. Just last month, Reliance Global Group, an Insurance Tech Company, announced its first acquisition of ADA for its Digital Asset Treasury (DAT).

Journalist

Posted: October 8, 2025

Key Takeaways
How active are the whales in Bitcoin’s market right now?
A Bitcoin whale with over $10 billion in holdings transferred $363.9 million BTC to Hyperunit.

Why does this whale action matter?
The last time this whale acted this way, it bought $5 billion worth of ETH.

Blockchain analytics firm Arkham Intelligence has flagged a $363.9 million Bitcoin transfer by a whale wallet holding over $10 billion in BTC. As expected, the move spurred speculation that the entity may be accumulating Ethereum [ETH] once again.

Bitcoin whale activity reignites ETH speculation
According to Arkham’s alert on 7 October, the whale, identified as the “Hyperunit-BTC-Whale,” transferred roughly 3,000 BTC [worth $363.9 million] to Hyperunit – A trading and custody platform used for large-scale swaps.

Source: Arkham Intelligence

Two months ago, the same wallet transferred billions of dollars’ worth of Bitcoin through Hyperunit and subsequently, purchased $5 billion worth of ETH. That move coincided with a sharp, short-term rally in Ethereum’s price, with the same climbing by nearly 8% within 48 hours before correcting in the days that followed.

By 12 September, it had hit a high of around $4,700 on the price charts. 

Thanks to the wallet’s latest transaction, there are rumours that the whale could once again be rotating holdings from BTC to ETH. Needless to say, such a pattern previously triggered market-wide attention.

Part of a wider whale accumulation trend?
This isn’t the first major whale movement of 2025 though. Earlier this year, a Satoshi-era wallet holding over 1,000 BTC became active for the first time in more than a decade. At the time, it transferred coins to new addresses.

Is the aforementioned rotation into ETH an anomaly though? Not quite. In fact, according to on-chain data from CryptoQuant, whale wallets have been gradually increasing their ETH holdings throughout Q3.

Source: CryptoQuant

If this latest Hyperunit transaction signals another ETH accumulation phase, it would reinforce the broader shift seen among large investors seeking diversification between Bitcoin and Ethereum.

Correction phases after strong weekly gains?
At press time, Bitcoin [BTC] was trading at around $121,277 – Down 2.76% over the last 24 hours after hitting a local high near $126,000.

The RSI [61.1] indicated a cooling of momentum after an overextended rally, hinting at profit-taking near key resistance levels.

Source: TradingView

Meanwhile, Ethereum’s price [ETH] slipped by 4.4% to $4,479, with the altcoin also entering a mild correction after a strong start to the week. An RSI reading of 54.07 alluded to neutral momentum as traders awaited confirmation of any new whale-driven inflows.

Source: TradingView

Binance Coin (BNB) continues to outperform the broader cryptocurrency market, hitting a record high of $1,240 this week. The surge has cemented BNB's position as one of the top-performing digital assets, driven by strong investor sentiment and strategic partnerships that expand its ecosystem.

Journalist

Posted: October 8, 2025

Key Takeaways
What recent developments have fueled STRK’s 23% price surge?
Starknet’s integration as a Bitcoin execution layer, staking support, and rising liquidity inflows have driven the rally.

What signals suggest STRK may continue its upward momentum? 
Positive Funding Rates, declining sell pressure, and growing on-chain activity point to strong bullish potential.

Starknet [STRK] has witnessed several key developments over the past few days, and it’s only natural that this translates into growing demand for the asset.

The most recent update was the announcement of Starknet’s role as an execution layer for Bitcoin [BTC] and its support for staking, with 100 million STRK allocated to the initiative.

Other factors such as the massive liquidity inflow from both spot and on-chain investors have also contributed to this momentum. The effect? A 23% price surge for STRK, leading the entire cryptocurrency market, according to CoinMarketCap.

But what does this actually mean for price? AMBCrypto took a closer look at the market dynamics.

Liquidity inflow on the rise
STRK’s strong performance coincides with a massive inflow of new capital into the perpetual market.

At press time, the total value of this inflow stood at $82 million, pushing Open Interest up to $172 million, according to CoinGlass.

Contextually, such inflows do not necessarily determine whether the market is bullish or bearish—the Weighted Funding Rate provides that insight.

Source: CoinGlass

Data over the same period showed that investors are betting on the market’s upside potential, as the rate turned positive at 0.0345%.

This bullish sentiment was also reflected in the spot market, where investors have begun slowing down their sell-offs.

After peaking at $2.57 million, daily selling volume dropped sharply to $220,000 as of the 7th of October.

This combination of rising capital inflows and declining sell pressure paints a positive outlook for STRK’s price. Notably, on-chain investors are also playing a crucial role.

On-chain involvement in the rally
On-chain participation has grown significantly, mirroring the rise in market liquidity.

Daily Active Addresses (DAA) reached a new high of 51,100, as of writing, rebounding from previous declines per Artemis.

Source: Artemis

Alongside this, the number of transactions rose slightly to 3.4 million, signaling renewed market engagement.

This activity also translated into higher Total Value Locked (TVL), which jumped 4.4% to $221 million in the past day, its highest level since January, marking a reversal from the previous downtrend.

STRK’s near-term outlook
In the near term, STRK appears poised for a significant upside given the current market direction.

The liquidation map supports this view, showing large buy-side orders clustered around higher price levels, a setup that could trigger a strong upward move.

Source: CoinGlass

Prices often move toward zones with high liquidity, which act like magnets pulling them in that direction.

Given Starknet’s continued ecosystem growth, rising inflows in the perpetual market, and increasing on-chain activity, STRK appears well-positioned for a strong upward move.

Ethena Labs integrates USDe stablecoin with UR Global, enabling users to hold, convert, and spend crypto globally.

Bitcoin kicked off October full of vim and vigor, blasting to a fresh all-time high above $126,000 as “Uptober” lived up to its hype—while a jittery U.S. economy and government shutdown added drama to the backdrop.

Netflix (NFLX) is down more than 10% from its all-time high but saw a bright spot Tuesday after Seaport Global upgraded the stock and issued a price target above that record. Rick Ducat says the company has also "handily outperformed" many of its peers and highlights how the stock stacks up against competitors.

Plug Power Today

$3.87 -0.26 (-6.30%)

As of 04:00 PM Eastern

Price Target$2.19

Plug Power's NASDAQ: PLUG stock has been on an explosive run, surging over 180% in the last month and hitting a new 52-week high on massive trading volume that has captured the market's attention. For a stock with a history of extreme volatility, it is natural to question whether this rally is a speculative fever dream fueled by a short squeeze, where investors betting against the stock are forced to buy back shares.

While the squeeze has certainly added fuel to the fire, the real story lies in the powerful, fundamental catalysts that ignited this rally in the first place. Landmark commercial deals and a compelling new growth narrative tied to the AI industry are providing a solid foundation for this move, suggesting the momentum is sustainable and could be just the beginning of the company's next chapter.

The 1-2 Punch: How Gigawatt Deals Proved the Model Works
The recent rally was not built on speculation, but on the back of the most significant commercial validations in the company's history. These deals, announced in late September and early October, demonstrated Plug Power’s ability to secure large-scale, industrial projects, shifting its perception from a development-stage company to a serious technology provider.

Two key events served as a powerful one-two punch:

The Fortescue Megadeal: Plug secured a landmark agreement to supply 1 gigawatt (GW) of its advanced proton exchange membrane (PEM) electrolyzers to Fortescue OTCMKTS: FSUMF, a global leader in green energy. This deal, for a major green hydrogen project in Arizona, is one of the largest electrolyzer orders ever announced in North America, serving as a significant validation of Plug's technology at an industrial scale.
Execution in Europe with Galp: Proving it can deliver on its promises, Plug announced the successful first delivery of a 10-megawatt (MW) electrolyzer module for Galp's OTCMKTS: GLPEY 100 MW green hydrogen project in Portugal. This tangible progress on a complex international project showed the market that Plug's order book is translating into real-world execution.

This combination of a massive new order and a key project delivery has forced the market to recognize Plug as an industrial player capable of meeting the growing global demand for green hydrogen infrastructure. This progress builds on other major deals, such as the expanded collaboration with Allied Green for a 2 GW project in Uzbekistan, which brings their total partnership to 5 GW.

Plug's Path to Profitability Clears
While the company is not yet profitable (a historical headwind for the stock), its financial trajectory is clearly improving, providing a crucial underpinning for the current rally. The most recent second-quarter 2025 earnings report, which beat revenue expectations, showed tangible progress on the company’s path to a stronger financial foundation.

Revenue for the quarter increased by a solid 21% year-over-year to $174 million, indicating robust and growing demand. More importantly, Plug demonstrated significant progress on cost control. The company’s gross margin loss improved dramatically to -31%, a substantial step up from the -92% reported in the same quarter a year prior. Furthermore, net cash used in operating and investing activities declined by over 40% year-over-year.

This improvement is a direct result of Project Quantum Leap, a comprehensive restructuring plan designed to enhance operational efficiency and effectiveness. These positive trends position the company on a credible path toward achieving its stated goal of breaching gross margin breakeven on a run-rate basis (meaning the exit rate for the quarter would be at breakeven) in the fourth quarter of 2025.

Plug Power, Inc. (PLUG) Price Chart for Tuesday, October, 7, 2025

Plug's Unexpected AI Tailwind
Beyond its core business, an emerging and powerful narrative is linking Plug Power to the artificial intelligence (AI) boom. The insatiable demand for electricity from new AI data centers is straining power grids and creating a critical need for reliable, clean power solutions.

Plug's GenSure stationary fuel cell systems are being positioned as an ideal solution. Unlike traditional diesel generators, they provide clean, emission-free power. Unlike short-duration batteries, they can provide long-duration backup power, which is critical for energy-intensive AI workloads. This capability makes hydrogen fuel cells a compelling technology for ensuring data centers remain operational.

This represents a potential multi-billion dollar growth vertical that the market is just beginning to understand and price into the stock. As AI adoption accelerates, the need for resilient and sustainable power infrastructure will become paramount, placing Plug's technology at the center of a new and exciting growth story.

A New Era for Plug Power Investors
While Plug Power's stock price has run up significantly, the fundamental drivers of this rally are long-term in nature. The 1 GW Fortescue deal is expected to generate revenue over several quarters, and the AI data center market is still in its early stages.

This forward-looking potential has caught the attention of Wall Street, highlighted by a significant price target increase from HC Wainwright to $7.00, which provides a new, bullish benchmark for the stock's potential. This confidence is mirrored by the company's own leadership. In May and June of 2025, CFO Paul Middleton made significant open-market purchases of the company's stock, a powerful signal of insider belief in the turnaround.

This rally is backed by the largest commercial validations in the company's history and a powerful new growth narrative. For investors with a high tolerance for risk who believe in the long-term potential of hydrogen and AI, the recent surge may not be the end of the run, but rather the market’s long-awaited acknowledgment of the substantial, global business that Plug Power is building.

Should You Invest $1,000 in Plug Power Right Now?Before you consider Plug Power, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Plug Power wasn't on the list.

While Plug Power currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report