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2025-10-03 04:31
7mo ago
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2025-10-03 00:04
7mo ago
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US Government Shutdown May Negatively Impact Economy but Gold and Bitcoin Continue to Surge | cryptonews |
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Private payrolls fell by 32,000 in September 2025, as momentum across the labor market slowed considerably.
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2025-10-03 04:31
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2025-10-03 00:04
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Crypto.com Teams Up with SOL Strategies to Support Treasury Strategy and Enable Validator Integration | cryptonews |
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Crypto.com has announced a partnership with SOL Strategies Inc. (Nasdaq: STKE), a publicly traded Canadian company focused on investing in and providing infrastructure for the Solana blockchain ecosystem. According to the announcement, SOL Strategies aims to diversify its custody operations by utilizing Crypto.com Custody for a portion of its treasury operations.
SOL Strategies’ enterprise-grade validator services will also be made available to Crypto.com’s custody clients. Crypto.com Custody, the company’s institutional-grade custody offering, will offer the custodial services. This provides custody services to various institutions and high-net-worth clients via a comprehensive, end-to-end solution. As previously covered, SOL Strategies Inc. says that it operates at the forefront of blockchain tech advancements and pursues a DAT++ strategy, which combines the firm’s digital asset strategy of acquiring a treasury of Solana with the firm’s revenue-generating validator business. As recently reported, Crypto.com and Sharps Technology, Inc. announced that STSS has expanded its digital asset treasury strategy to include Crypto.com services for its holdings. STSS is an emerging player in digital asset treasury management, with a vision to align or bring together traditional finance with the Solana ecosystem. The company had announced plans to form a Solana-focused digital asset treasury strategy and acquired over 2 million SOL. As part of this collaboration, STSS intends to utilize Crypto.com’s platform, including its institutional-grade custody infrastructure and OTC desk, which offers liquidity, competitive pricing, and discreet execution, to manage its digital asset treasury effectively. Crypto.com will also integrate various Solana projects, representing a step forward in expanding access to the Solana ecosystem via qualified custodians. This partnership highlights STSS’s commitment to advancing the growth of the Solana network in alignment with Solana ecosystem participants. |
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2025-10-03 04:31
7mo ago
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2025-10-03 00:05
7mo ago
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Ripple Launches New UC Berkeley Center for Digital Assets | cryptonews |
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Ripple is donating $1.3 million worth of its Ripple USD (RLUSD) stablecoin to kick off funding for the new project.
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2025-10-03 04:31
7mo ago
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2025-10-03 00:10
7mo ago
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Bitcoin Tops $120,000 Amid US Government Shutdown, Echoing Hoskinson's Forecast | cryptonews |
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Bitcoin surged past $120,000 on October 3 following the US federal government's partial shutdown earlier this week. Investors sought safety in digital assets and gold, highlighting Bitcoin's position as an alternative store of value when traditional systems falter.
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2025-10-03 04:31
7mo ago
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2025-10-03 00:19
7mo ago
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How High Can XRP Price Go After Billions Flow Into ETFs in October? | cryptonews |
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XRP is attracting more attention from institutional players ahead of its upcoming ETF approvals. Data from the Chicago Mercantile Exchange (CME) shows XRP futures were the fastest contracts ever to hit $1 billion in open interest. In the past four months, trading volumes reached $18 billion, representing about 6 billion XRP, or roughly 6% of the entire supply. On Paul Barron Podcast, analyst Zach Rector says this confirms that serious capital is already flowing into the asset.
ETF Inflows Could Be BillionsWith several ETF applications awaiting final decisions in October, predictions for inflows are growing. JPMorgan has estimated between $4 billion and $8 billion in the first year, while Canary Capital predicted as much as $5 billion in the first month. Rector now says inflows could range between $10 billion and $20 billion in year one, citing record futures activity as a leading indicator. Retail and Pension Funds Add Another LayerBeyond institutions, ETFs may also attract retail investors through 401(k) accounts and pension funds. This could unlock trillions in potential exposure over time, with money set aside for long-term holding rather than short-term trading. Analysts argue that this type of demand is more stable and could provide a lasting base for XRP’s market growth. Price Outlook Into OctoberWith XRP trading above $3, attention is now on near-term price targets. The analyst expects the ETF decision itself could push the token toward $4, with resistance likely around $4.50. That represents a possible 50%–60% gain from current levels. While most do not expect XRP to break $5 on this initial move, he argued that approval of multiple ETFs would set the stage for a sustained uptrend. For many, XRP’s appeal lies in its mix of utility in payments and growing institutional validation. If ETFs see inflows in the tens of billions, XRP could shift from a niche altcoin to a widely held investment product. For now, the market waits on regulatory decisions in October that could determine just how high XRP can climb. |
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2025-10-03 04:31
7mo ago
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2025-10-03 00:20
7mo ago
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Hyperliquid Still Best-Positioned Perp DEX Despite Aster's Surge, DeFi Analyst Says | cryptonews |
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Hyperliquid Still Best-Positioned Perp DEX Despite Aster’s Surge, DeFi Analyst SaysPerp DEX competition is heating up, but DeFi analyst Patrick Scott says Hyperliquid’s revenue, open interest and ecosystem give it staying power. Oct 3, 2025, 4:20 a.m.
A new thesis from DeFi analyst Patrick Scott argues that despite losing market share to rivals, Hyperliquid remains the most investable decentralized exchange for perpetual futures. Perp DEX market in fluxPerpetual futures — or perps — are crypto derivatives that allow traders to speculate on prices without an expiry date. The decentralized platforms that host them, known as perp DEXes, have surged in popularity as traders move activity away from centralized exchanges (CEXes) such as Binance. STORY CONTINUES BELOW Scott noted that perp DEXes have expanded from less than 2% of CEX perpetual trading volume in 2022 to more than 20% last month. Hyperliquid, which issues the HYPE token, has been a key driver of that growth. Still, recent shifts have raised questions. Hyperliquid’s share of perp DEX volume fell from 45% to just 8% in recent weeks, while Binance-affiliated rival Aster ballooned to more than $270 billion in weekly trades. Other upstarts such as Lighter and edgeX also posted triple-digit percentage gains in activity. Why Hyperliquid still stands outScott argued that Hyperliquid’s fundamentals set it apart. The exchange continues to generate strong revenue, trading at what he described as a reasonable multiple compared to peers, with user stickiness reflected in open interest. “Unlike volume and revenue, which measure activity, open interest measures liquidity. It’s much stickier,” he wrote, noting Hyperliquid still commands about 62% of the perp DEX open interest market. Beyond trading, Scott highlighted expansion plans including the HyperEVM network, already hosting over 100 protocols and $2 billion in total value locked and USDH, a stablecoin backed by reserves held with BlackRock and Superstate. Another initiative, HIP-3, would allow builders to launch new perps markets by staking large amounts of HYPE, creating what Scott described as a “supply sink” for the token. Scott cautioned that his thesis would be invalidated if Hyperliquid’s open interest or revenue dropped materially, or if USDH failed to gain liquidity over the next year. But for now, he maintains Hyperliquid is better positioned than competitors running heavy incentive programs. AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. More For You Total Crypto Trading Volume Hits Yearly High of $9.72T Sep 9, 2025 Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025 What to know: Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025Gate exchange emerged as major player with 98.9% volume surge to $746 billion, overtaking Bitget to become fourth-largest platformOpen interest across centralized derivatives exchanges rose 4.92% to $187 billionView Full Report More For You Filecoin Rises More Than 4% Amid Wider Crypto Market Rally 10 hours ago What to know: FIL jumped over 4% in the last 24 hours as the wider crypto markets gained.Support has formed at the $2.31 level.Read full story |
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2025-10-03 04:31
7mo ago
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2025-10-03 00:25
7mo ago
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Lido price gains 7% as VanEck registers Lido Staked Ethereum ETF | cryptonews |
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Lido’s token price climbed 7% to $1.29, adding to a 20% rally over the past week, after asset manager VanEck formally registered its Lido Staked Ethereum exchange-traded fund in Delaware.
Summary Lido price rose 7% to $1.29 after VanEck registered a Lido Staked Ethereum ETF in Delaware. Trading and derivatives volumes spiked, showing investor bets on ETF-related inflows into liquid staking. Lido’s buyback program and SEC clarity on staking add momentum for further upside. The Oct. 2 filing sparked fresh optimism around liquid staking, with trading and derivatives activity showing a clear rise in investor positioning. According to documents filed through CSC Delaware Trust Company, the product is set up as a statutory trust, a common first step before submitting an application to the U.S. Securities and Exchange Commission. While registration alone does not guarantee approval, it indicates VanEck’s intent to expand beyond spot Bitcoin and Ethereum ETFs into yield-generating products. The firm’s existing ETFs have already seen steady inflows, and this move positions it early in the race to bring staked Ethereum exposure into mainstream portfolios. Market activity supports momentum The price move was supported by a notable jump in market activity. Lido’s (LDO) 24-hour trading volume rose nearly 30% to $158.5 million, while derivatives volume surged 45% to $426.9 million. Traders are opening more positions rather than closing them, as evidenced by the 6.6% increase in open interest to $228.3 million. All of these shifts indicate a growing sense of hope that ETF-related inflows could lead to further gains. Investors would be exposed to Lido’s staked Ethereum (STETH) through the proposed ETF, giving them access to staking rewards, which are currently at roughly 4% annually, without having to run validators or lock up assets. Lido’s liquid staking model accounts for over 30% of all ETH staked, making it the dominant provider. An ETF connected to stETH has the potential to greatly expand its user base and boost protocol revenue if it is approved. Lido price outlook amid ETF filing and buybacks The ETF news comes shortly after Lido DAO approved a buyback framework in September, which will use idle treasury assets like stETH and stablecoins to reduce circulating supply. The modular system allocates up to 70% of new inflows to buybacks, with safeguards to pause if reserves fall below $50 million. A test phase is expected by December, directly supporting token value. The latest filings also aim to take advantage of positive regulatory developments. To facilitate institutional adoption, the SEC clarified in August that some liquid staking activities are exempt from securities registration. At the same time, integrations with Layer-2 networks like Linea are expanding Lido’s reach, while restaking initiatives and validator decentralization strengthen its long-term position. According to short-term projections from analysts like CoinCodex, LDO should reach $1.34 to $1.75 this month, with potential to rise to $2 to $3 by the end of the year if all the right conditions are met. While risks from regulatory delays or competition from rival protocols remain, VanEck’s filing highlights the growing demand for staking-linked products, putting Lido at the center of the conversation as liquid staking enters the ETF era. |
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2025-10-03 04:31
7mo ago
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2025-10-03 00:29
7mo ago
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PancakeSwap Price Prediction 2025, 2026 – 2030: Will CAKE Price Hit $10? | cryptonews |
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Story HighlightsThe live price of CAKE token is $ 3.35211025.PancakeSwap price can go as high as $5.99 in 2025.CAKE with a potential surge could go as high as $16.01 by 2030.The ever-evolving crypto space is home to a host of promising and competent projects. One such project is Pancake Swap, which boasts its native token “CAKE”.
In a noteworthy move, PancakeSwap recorded a record $772B in Q3 trading volume. This was fueled by its multi-chain expansion to Solana and Base, along with liquidity incentives. The surge in activity translated into approximately $1.36M in weekly CAKE token burns. Thereby, marking a significant milestone for the platform’s ecosystem growth and sustainability. Are you one of the many investors who have been waiting for a bullish move by CAKE? Buckle up your belts, as this write-up uncovers the feasible PancakeSwap price predictions for 2025 and the years to come! OverviewCryptocurrencyPancakeSwapTokenCAKEPrice $ 3.35211025 28.09% Market cap $ 1,154,228,735.0551Circulating Supply 344,328,989.9160Trading Supply $ 401,012,264.7950All-time high$666.86 on 19th May 2021All-time low$44.18 on 30th April 2021If it can provide complete integration of the NFT-based platform with the actual business world. It would be easier for companies to use NFTs. By the next three years, PancakeSwap might reach a maximum of $5.99. On the contrary, if the bear market flips the uptrend. Then the possibility of the price plunging to as low as $2.40 rises. Concluding, the lack of impetus might land the price at $4.15. YearPotential LowPotential AveragePotential High2025$2.40$4.15$5.99CAKE Token Price Prediction 2026 – 2030YearPotential Low ($)Potential Average ($)Potential High ($)20266.637.548.4620277.668.529.3920288.899.9110.94202910.0211.9513.89203012.5814.2916.01Market AnalysisFirm Name202520262030Changelly$3.40$5.97$28.46priceprediction.net$3.83$5.62$26.56DigitalCoinPrice$5.79$8.59$18.15*The targets mentioned above are the average targets set by the respective firms. CoinPedia’s PancakeSwap Price PredictionAccording to CoinPedia analysts, the price is expected to go up in the coming month as the upcoming V3 swap could display some major changes in the system. Pancakeswap’s price is expected to reach a low of $2.40, with a high of $5.99 and an average forecast price of $4.15. YearPotential LowPotential AveragePotential High2025$2.40$4.15$5.99CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you! FAQsHow High Will Pancakeswap Price Go in 2030? With a potential surge, the price may go as high as $16.01 by the end of 2030. Is CAKE crypto a good investment? Yes, the CAKE token might be a profitable investment for the long term. What will the maximum trading price of CAKE be by the end of 2025? According to our PancakeSwap price prediction for 2025, the altcoin could hit a maximum of $5.99. When will the CAKE price rise? The altcoin has been ranging in tandem with the broader market’s trends. It will need vital catalysts to break above its sluggish pace. How to buy PancakeSwap? Users can trade CAKE tokens in Binance, CoinTiger, HitBTC, KuCoin, and more. How much is 1 PancakeSwap worth? At the time of publishing, the price of CAKE was $3.33. CAKEBINANCEDisclaimer and Risk WarningThe price predictions in this article are based on the author's personal analysis and opinions. CoinPedia does not endorse or guarantee these views. Investors should conduct independent research before making any financial decisions. |
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2025-10-03 03:31
7mo ago
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2025-10-02 20:24
7mo ago
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BlackRock Bitcoin Premium Income ETF: Nasdaq Filing Signals New Era in Crypto Investment | cryptonews |
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The financial world is buzzing once again as Nasdaq officially filed with the U.S. Securities and Exchange Commission (SEC) to list and trade the BlackRock iShares Bitcoin Premium Income ETF. This move, led by the world's largest asset manager, represents a significant step forward in blending cryptocurrency exposure with income-generating strategies, offering both institutions and retail investors a unique way to tap into Bitcoin's growth while mitigating volatility.
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2025-10-03 03:31
7mo ago
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2025-10-02 20:44
7mo ago
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Tom Lee's BitMine approaches 50% of goal to hold 5% Ethereum supply | cryptonews |
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Growing institutional adoption signals confidence in Ethereum’s potential as a corporate treasury reserve and strategic asset for major players.
Key Takeaways Tom Lee's Bitmine Immersion (BMNR) have reached nearly 50% of their goal to hold 5% of Ethereum's total supply. BMNR has been steadily increasing its Ethereum holdings by buying during market dips, reflecting an institutional acquisition strategy. Tom Lee-led Bitmine Immersion (BMNR) is approaching 50% of its goal to hold 5% of Ethereum’s total supply. BMNR has been methodically increasing its Ethereum holdings through targeted purchases during market dips, aligning with Lee’s vision of positioning the company as a major institutional holder of the asset. Lee’s approach with BMNR mirrors strategies seen in other crypto-focused firms, emphasizing Ethereum as a key reserve asset amid growing regulatory clarity in the US. Ethereum remains a dominant blockchain network increasingly adopted by institutions for its smart contract capabilities and layer 2 scaling solutions. Disclaimer |
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2025-10-03 03:31
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2025-10-02 20:52
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Kentucky Senator Faces Lawsuits Over Bitcoin Mining Firm | cryptonews |
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Kentucky State Senator Brandon Smith, a Republican representing Hazard, is under mounting legal scrutiny as two lawsuits target his Bitcoin mining firm, Mohawk Energy. The lawsuits, filed separately by a local businessman and a subsidiary of Huobi, allege misrepresentation, breach of contract, and unethical business practices.
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2025-10-03 03:31
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2025-10-02 21:00
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Market Strategist: What You Should Expect For The XRP Next Leg | cryptonews |
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
XRP has been stuck under $3 for much of the past two weeks and is struggling to build the kind of momentum traders have been waiting for, alongside the rest of the crypto market. That picture has started to change in the past day, as the price began climbing back toward $3. This shift comes as market commentators are revealing different bullish technical setups, with one of the loudest voices being Altcoin Gordon, who believes the next move for XRP won’t just be higher, but it will be fast and aggressive. Next XRP Move Will Be Fast And Aggressive Altcoin Gordon, who has built a reputation for bold commentary on the crypto market, issued an important call for crypto traders on the social media platform X. The analyst didn’t hesitate with words on his post, noting that XRP’s next move is going to be fast and aggressive. According to him, the best course of action now is to be “either positioned BEFORE it happens, or begin for an entry once it does.” Gordon’s perspective is rooted in how the altcoin has been trading inside a descending triangle on the daily candlestick timeframe chart. This structure has become evident considering that the XRP price has bounced off the same support level about three times since early August. Particularly, the chart setup Gordon points to shows the asset holding a key support around $2.70 multiple times. Source: Chart from Altcoin Gordon on X The structure suggests pressure is building, and once the upper resistance trendline gives way, the breakout could come with speed. According to Gordon’s projection on the daily chart, the first stop is breaking above the resistance trendline currently around $3. However, the real acceleration would likely push XRP to $3.6 and above to new all-time highs. Longer-Term Signals Point Toward Bigger Gains Gordon’s focus is on the immediate breakout, but his outlook gains weight when combined with longer-term projections from other analysts. For instance, crypto analyst Mikybull Crypto drew attention to XRP’s performance on the three-month candlestick chart, noting that the coin has flipped green for the first time since 2017. Such signal coincided with the start of the major uptrend in 2017 that pushed the token price to unprecedented price levels at the time. If history repeats itself, its price could be on the verge of something much larger than just a rally to $3 or $3.6. Mikybull’s analysis predicts that the XRP price could reach anywhere between $5 and $15 on the macro uptrend. At the time of writing, the altcoin is trading at $2.98, having increased by about 4.8% in the past 24 hours. CoinCodex’s algorithm also predicts that XRP will reach above $4 within the next six months, specifically a $4.20 price target. This projection was shared by the official CoinCodex account in a direct response to Altcoin Gordon’s post on X. XRP trading at $2.98 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Getty Images, 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. |
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2025-10-03 03:31
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2025-10-02 21:00
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Binance – Can BSC's $0.005 fees reshape BNB's Q4 outlook? | cryptonews |
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Posted: October 3, 2025 Key Takeaways Why does BSC’s new 0.05 Gwei fee matter? It slashed transaction costs to ~$0.005, making BSC one of the cheapest L1s and fueling trader adoption. What’s next for BNB? Core devs are targeting gas cuts of 90%+, signaling more cost pressure ahead and keeping BNB a key Q4 watch. Binance Smart Chain [BSC] closed Q3 on a bullish note, posting 1.5 billion transactions. That’s more than 10× Ethereum’s 144.5 million, highlighting its growing dominance in low-cost, high-frequency activity. Simply put, traders are routing volume through BSC, clearly favoring it over Ethereum [ETH] for on-chain flows. That said, Solana [SOL] still flexes with 28.5 billion transactions, keeping throughput supremacy firmly in its corner. And this isn’t random. BNB Chain slashes gas fees again With a base fee of $0.000005 per transaction, Solana’s fees are among the lowest in the blockchain industry. However, it looks like BSC is now carving out its niche by rolling out a new fee plan. “Today, all BNB Smart Chain (BSC) validators and builders have adopted the new minimum gas price of 0.05 Gwei and BSC is fully ready to accept transactions at this rate. That’s $0.005 per transaction, making BSC one of the most cost-efficient blockchains in crypto.” In short, BSC transactions now run way cheaper than the old 0.1 Gwei. In fact, this is the third gas cut since April 2024, showing the devs are serious about keeping the chain competitive and ultra-low-cost for users. And the timing couldn’t be better. Technically, BNB closed Q3 with 50%+ ROI, smashing ATHs three times in a row to $1,083. Now, with fees this low, the big question is – Where’s BNB heading in Q4? Past cuts prove BSC’s fees drive trader volume Past validator moves show why BSC’s gas strategy matters. In April 2024, fees dropped from 3 Gwei to 1 Gwei (–67%), then again in May 2025 from 1 Gwei to 0.1 Gwei (–90%). The impact was clear: Median fees fell 75% from $0.04, while daily txs jumped 140% to over 12 million. Source: Token Terminal Swap activity tells the same story. By June 2025, swaps went from 20% to 67% of total transactions, cementing trading as the dominant use case. DEX volume popped to $7.05 billion, revisiting levels last seen in 2021. Source: DeFilLama In short, BSC’s aggressive gas cuts drove massive on-chain adoption. Against this backdrop, the latest drop to 0.05 Gwei isn’t just another tweak. Instead, it’s a long-term bet on BNB’s growth, coming right as Web3 starts catching real institutional eyes. And the BSC devs are already signaling they’re not stopping here. In a post, core developers outlined their goal to push gas even lower, targeting a 90%+ cut from historical levels, giving the chain a clear edge in Q4. Ritika Gupta is a Financial Journalist and Geopolitical Analyst at AMBCrypto, specializing in the critical intersection of world politics, economic policy, and the cryptocurrency markets. Her analysis is informed by her distinguished background, which includes professional experience at major news network. She holds a Bachelor's degree in Political Science and Psychology from Gargi College, University of Delhi. This academic training provides her with a sophisticated framework for dissecting complex issues such as international regulations, government fiscal policies, and the geopolitical forces that directly influence asset valuations. At AMBCrypto, Ritika applies this expert lens to synthesize macroeconomic data and political developments, offering readers a deeper context for market movements. She excels at explaining not just what is happening in the market, but why it is happening. Her work is dedicated to providing strategic insights that empower readers to understand the complex relationship between global events and their digital assets. |
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2025-10-03 03:31
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2025-10-02 21:00
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Can Dogecoin Hit $1? Bullish Patterns and Global Adoption Spark Fresh October Optimism | cryptonews |
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Dogecoin (DOGE) has started October with renewed strength, riding a wave of bullish technical patterns and increasing global adoption that continue to boost optimism among traders and long-term holders alike.
As momentum grows, analysts are closely monitoring key resistance levels around $0.33 and higher as DOGE shows signs of consolidating for its next big move. The technical outlook is supported by on-chain signals and open interest inflows, indicating that market participants are gearing up for further upside. DOGE's price trends to the upside on the daily chart. Source: DOGEUSD on Tradingview Golden Cross Formation and Technical Strength On multiple timeframes, Dogecoin is completing a Golden Cross pattern, a bullish signal that occurs when a short-term moving average crosses above a long-term one. Historically, such setups have preceded major rallies in both DOGE and the wider altcoin market. Currently, DOGE trades near $0.258, after defending support at $0.25, where the 0.618 Fibonacci retracement aligns with the point of control. Analysts, including Cas Abbe and Trader Tardigrade, have highlighted rising momentum. The MACD histogram has turned green on the 12-hour chart, suggesting strengthening buying pressure. A breakout above the $0.33 resistance zone could open the door to $0.37, a potential 60% rally from current levels. Market structure also shows consistent higher lows, reinforcing demand even during short-term pullbacks. Adoption Expands Beyond Speculation Beyond technical indicators, Dogecoin’s adoption story is becoming a strong driver. Buenos Aires recently approved DOGE for tax payments, marking a step toward real-world use of cryptocurrencies. This follows earlier efforts by businesses and institutions exploring Dogecoin for payments, adding legitimacy beyond its meme roots. Meanwhile, futures market data shows bullish sentiment. Open interest in Dogecoin derivatives increased nearly 3% in the last 24 hours, with more than $3.9 billion in DOGE locked in. Exchanges like Gate, Binance, and Bybit lead with billions of dollars wagered, reflecting growing trader confidence. $1 Dogecoin (DOGE) Target Within Sight? Short-term targets for Dogecoin remain centered on $0.30 and $0.34, but analysts are also considering longer-term prospects. According to one projection, DOGE’s consolidation pattern on weekly charts could serve as the basis for a parabolic rally toward $1 by 2026. This scenario would mean over 330% gains from current levels, aligning with Dogecoin’s history of explosive, community-driven surges. For now, DOGE needs to stay above the $0.22 support and break through the $0.33 barrier. If bullish momentum continues through October, which is historically a strong month for cryptocurrencies, Dogecoin could not only regain higher resistance levels but also strengthen its position as the most resilient meme coin in the market. Cover image from ChatGPT, DOGEUSD chart on Tradingview |
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2025-10-03 03:31
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2025-10-02 21:20
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SEC silent on Canary Litecoin ETF amid gov shutdown | cryptonews |
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Canary Capital’s spot Litecoin exchange-traded fund is in limbo after the US Securities and Exchange Commission took no action on Thursday, the original deadline for it to make a decision.
The SEC’s silence has left the crypto community uncertain about how the regulator will function amid a federal government shutdown and how its new generic listing standards would affect the timelines of dozens of crypto ETF applications awaiting approval. Bloomberg ETF analyst James Seyffart and FOX News reporter Eleanor Terrett noted that the old 19b-4 deadlines for crypto ETF applications may no longer be relevant, as the SEC has asked applicants to withdraw them, leaving the S-1 registration statement as the sole document requiring regulatory approval. Source: Eleanor Terrett However, overshadowing that is another layer of uncertainty surrounding the government shutdown. In August, the SEC posted an “Operation Plan” in the event of a government shutdown, stating it would “not review and approve applications for registration.” This includes new financial products, self-regulatory organization rule changes, and reviewing or accelerating the effectiveness of registration statements. It is unclear whether the SEC’s silence on Canary’s spot Litecoin ETF is solely due to the government shutdown or whether it is also a result of the new generic listing standards, which would render the 19b-4 deadline irrelevant. Canary withdrew its 19b-4 last week, complicating the matterCanary withdrew its 19b-4 application on Sept. 25 at the SEC’s request, which may have been a contributing factor to the SEC not deciding on Thursday. It is unclear what impact the 19b-4s will have on applicants who haven’t withdrawn that document. pic.twitter.com/FmbMfWWaqe — Litecoin (@litecoin) October 2, 2025 Cointelegraph reached out to the SEC and Canary for comment, but didn’t receive an immediate response. SEC still open, but in limited capacityIn light of the government shutdown on Wednesday, the SEC stated that it would continue to operate, but with a “very limited” number of staff members available. The SEC said its Electronic Data Gathering, Analysis and Retrieval (EDGAR) database would remain operational. Altcoins look to add to $75 billion spot crypto ETF market in USThe market has been bracing for potential approval of several new spot crypto ETFs — including LTC and Solana (SOL) to XRP (XRP), Avalanche (AVAX), Cardano (ADA), Chainlink (LINK) and Dogecoin (DOGE). Any approval would add to the US spot Bitcoin (BTC) and Ether (ETH) ETFs currently available, which have attracted $61.3 billion and $13.4 billion in inflows since their launch last year. Despite the setbacks, Bloomberg ETF analyst Eric Balchunas said on Monday that the SEC’s new listing standards have bumped the odds of some spot crypto ETF approvals to 100%. The listing standards are expected to streamline the process under Rule 6c-11, significantly reducing approval timelines, which typically take up to 240 days. SEC Chair Paul Atkins said the new listing standards will reduce barriers to accessing digital asset products and offer investors more choice. Magazine: Can Robinhood or Kraken’s tokenized stocks ever be truly decentralized? |
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2025-10-02 21:48
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U.S. Treasury to Ease Tax Rule on Unrealized Bitcoin Gains, Boosting Saylor's Strategy | cryptonews |
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The U.S. Treasury Department and the Internal Revenue Service (IRS) have introduced interim guidance that could mark a turning point for companies holding massive amounts of Bitcoin. The announcement focuses on easing the Corporate Alternative Minimum Tax (CAMT) rule, which previously mandated taxation on unrealized Bitcoin gains.
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Ethereum Foundation Unveils Next Phase Of Its Privacy Revolution | cryptonews |
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
The Ethereum Foundation (EF) has formalized a new leadership structure for its privacy program, elevating privacy from a set of parallel initiatives to a coordinated “Privacy @ EF” cluster that is explicitly organized around real-world use cases and deployability. Ethereum Makes Privacy A Priority In an October 1 post titled “Privacy Cluster Leadership Announcement,” EF said it is “organizing for scale and impact,” naming longtime ecosystem builder Igor Barinov as the coordinator of Privacy @ EF and Andy Guzman as the new coordinator of the PSE (Privacy & Scaling Explorations) team, succeeding Sam Richards. “Together, Igor and Andy will help ensure Ethereum’s privacy work is impactful, coherent, and accountable,” the Foundation wrote. The announcement reframes EF’s privacy mission as three concrete pillars—“Private Reads,” “Private Writes,” and “Private Proving”—that directly map to user and institutional needs. Private Reads targets surveillance-resistant querying, authentication, and browsing; Private Writes focuses on shielding actions such as payments, governance, and transfers; and Private Proving aims to make proofs “efficient, portable, and usable across contexts like identities, data portability, and client-side proving.” EF links these pillars to practical compliance and safety requirements, arguing they are “necessary for institutions to comply with data protection standards,” help individuals avoid metadata leaks, and “shield our private financial information.”The Foundation is explicit that privacy will no longer be treated as an abstract research track divorced from shipping software. “For Ethereum to become a foundation for civilizational infrastructure, privacy cannot be abstract research alone. It must be organized, resourced, and deployed at scale,” the post states—an unusually direct articulation of the program’s end goal and a signal that the cluster will be judged on delivery as much as on research output. The post closes with a blunt credo—“Privacy is normal, and Ethereum is for privacy”—and an open invitation for builders to connect with Barinov and Guzman and to explore a catalog of “700+ projects” in the on-chain privacy space. Barinov, best known for founding Blockscout, Gnosis Chain, and zkBob, brings a mix of infrastructure, open-source stewardship, and applied privacy product experience. Guzman, who has been with PSE/EF since 2022, moves from strategy and product leadership into the top operational role for PSE, which EF describes as spanning applied cryptography, research, and engineering. Substantively, the cluster model is designed to integrate ongoing work on privacy-preserving computation with Ethereum’s public verifiability guarantees. While the post does not enumerate specific deliverables or dates, its emphasis on “portable” and “usable” proving, institutional compliance, and metadata-minimizing reads implies a roadmap that extends beyond shielded transfers toward end-to-end private user journeys—identity, access, payments, and governance—compatible with L1/L2 designs and client-side proving patterns that have been maturing across the ecosystem. At press time, ETH traded $4,380. Ethereum price, 1-week chart | Source: ETHUSDT on TradingView.com Featured image created with DALL.E, 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. |
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Bitcoin Breaks $119,000: Analyst Says $139,000 Could Be Next | cryptonews |
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A cryptocurrency analyst has pointed out how Bitcoin could target $139,000 next, according to this on-chain pricing bands model.
Bitcoin Has Broken Past 0.5 SD MVRV Deviation Band In a new post on X, analyst Ali Martinez has talked about where Bitcoin may be heading next based on the MVRV Extreme Deviation Pricing Bands. This pricing model is based on the popular Market Value to Realized Value (MVRV) Ratio, an indicator that compares the market cap of Bitcoin against its realized cap. The former represents the value currently held by the BTC investors, while the latter is a measure of the value that they initially put in. As such, the MVRV Ratio basically represents the profit-loss balance of the overall network. When the value of the metric is greater than 1, it means the market cap is greater than the realized cap and the average investor is sitting on an unrealized gain. On the other hand, it being under the threshold suggests the investors as a whole may be considered underwater. The MVRV Extreme Deviation Pricing Bands takes the mean of the MVRV Ratio and calculates standard deviations (SDs) from it. It then determines price levels that correspond to these standard deviations. Below is the chart for this Bitcoin pricing model shared by the analyst. How the MVRV pricing bands have changed over the course of this cycle | Source: @ali_charts on X As is visible in the graph, the mean of the MVRV Ratio is currently situated at $94,650 in the model. What this means is that if Bitcoin declines to this level, the MVRV Ratio would attain a value equal to its mean. During BTC’s recent decline, its price slipped below the +0.5 SD level of $116,700. With the latest recovery run, however, it has smashed past it. The next level on the model is the +1 SD, located at $138,800. Bitcoin has surged above this band twice in the current cycle so far, with a top following for the cryptocurrency shortly after each break. The explanation behind the trend could lie in the fact that investors become more likely to participate in profit-taking selloffs the higher their gains get. The MVRV Ratio being 1 SD above its mean corresponds to holder gains being notably higher than the norm. As such, it’s not surprising to see that BTC topped out shortly after crossing the threshold during both of the 2024 breakouts. It now remains to be seen whether this latest surge above the +0.5 SD level will lead Bitcoin to another retest of the +1 SD band, or if the run will fizzle out before it can happen. BTC Price Bitcoin has witnessed a recovery run of almost 7% over the last week that has taken its price to the $119,200 level. Looks like the price of the coin has been marching up over the last few days | Source: BTCUSDT on TradingView Featured image from Dall-E, Glassnode.com, chart from TradingView.com |
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Ethereum's gas limit to 3x under Fusaka upgrade – Here's why it matters | cryptonews |
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Posted: October 3, 2025 Key Takeaways What’s next for the Fusaka upgrade? The team will monitor for any fixes and ship Fusaka to Sepolia and Hoodi testnets. How did the ETH market react? ETH recorded relatively higher speculative interest after the Fusaka upgrade. Ethereum [ETH] is pushing for more speed, efficiency, and bandwidth, especially ahead of tokenization booms and the internet capital markets narrative. After successfully shipping the Pectra upgrade in May, the Fusaka upgrade is smoothly progressing per the December timeline. On the 1st of October, the Ethereum protocol team announced that the Fusaka upgrade successfully passed the Holesky testnet. Source: X Fusaka upgrade — What’s next and why it matters? Fusaka seeks to scale Ethereum’s speed and bandwidth by allowing lighter nodes and cheaper Layer 2 transactions. For lighter nodes, they’ll be able to ‘sample’ data instead of downloading the entire blob data. This reduces storage needs and expands bandwidth. This would allow L2s to push more transactions at lower costs. In addition, Fusaka update increases gas limits by more than 3x from the current 45 million to 150 million, allowing transactions per block. So, what’s the need for the latest scaling effort? Well, Ethereum ranks 18th in terms of throughput and speed, according to Chainspect. Solana [SOL] is the second-fastest chain, with low latency that could be ideal for handling internet capital markets. To stay competitive, Ethereum must rival Solana in this aspect. And the ongoing scaling efforts will help close the gap. The next stage for Fusaka will be Sepolia and Hoodi testnets before finally hitting the mainnet in early December if it doesn’t run into any issues. ETH rallies 5% after network upgrade On the price charts, ETH bounced 5% after the Fusaka upgrade. But most of the upswing was linked to Bitcoin’s [BTC] jump to $119K. Clearing the trendline resistance and short-term supply above $4.5K could reinforce the bulls’ market edge. Source: ETH/USDT, TradingView That being said, ETH had a relatively higher speculative interest than SOL or BTC in the past 24 hours. ETH’s Open Interest (OI) surged by 4% while SOL increased by 2% and BTC by 3%. This could fuel ETH’s outperformance amid strong demand in the Futures market. |
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Ethereum Price Forecast: Expert Predicts Final Impulse Wave Targeting $18,000 | cryptonews |
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The Ethereum price has once again crossed the $4,500 threshold, trading just 9% below its all-time high of $4,946, prompting a surge of bullish predictions for the leading altcoin. Bullish Reversal For Ethereum Price Market expert Gert van Lagen took to X (formerly Twitter) to share his insights, suggesting that the Ethereum price is currently following a “textbook” expanding diagonal pattern on its biweekly chart.
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XRP News Today: Institutional Demand Lifts Price Above $3 Amid ETF Buzz | cryptonews |
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21Shares, Bitwise, Canary Capital, CoinShares, Grayscale, Franklin Templeton, and WisdomTree have filed for XRP-spot ETFs. Final decision deadlines range from October 18 to November 14.
The recently approved Generic Listing Standards for Commodity-Based Trust shares, and the withdrawal of 19b-4s, have fueled bets on all seven ETFs launching on October 18. The SEC must approve the recently amended S-1s for XRP-spot ETFs to begin trading. In January 2024, the SEC approved all ten S-1s for the BTC-spot ETFs on the final decision deadline (January 10, 2024), allowing trading to start the following day. Similarly, the SEC could greenlight all seven ETFs on October 18 to eliminate any first-to-market advantage. Government Shutdown Adds Regulatory Uncertainty While bets remain on an October 18 simultaneous launch, a prolonged government shutdown could force the SEC to push back final approvals. Republicans and Democrats were still at an impasse on October 2. XRP rallied 28% in the first three days of the 2018-2019 shutdown and has followed a similar price trajectory early in the 2025 shutdown. Historically, shutdowns have led the Fed to take a more dovish policy stance, lifting bets on October and December rate cuts. Expectations of lower borrowing costs have boosted demand for risk assets such as XRP. Price Action & Technical Analysis: Can Bulls Target the $3.66 All-Time High? XRP climbed 3.15% on Thursday, October 2, following the previous day’s 3.57% rally, closing at $3.0407. The token outperformed the broader market (2.25%) and broke above the psychological $3 level. Traders are watching the following technical levels: Support: $3, $2.8, $2.5. Resistance: $3.2, $3.32, $3.66 (all-time high). In the near term, several key drivers could dictate price trends: XRP ETF flow trends. Spot ETF headlines: Listing and launches or delays of crypto-spot ETFs, and BlackRock’s stance on an iShares XRP Trust. Blue-chip companies adopt XRP for treasury reserve purposes. Regulatory milestones: Ripple’s application for a US-chartered bank license, the Market Structure Bill, and SWIFT-related developments may also influence sentiment. Catalysts & Scenarios The combination of ETF flows, regulatory news, and demand from blue-chip companies could dictate whether XRP tests key support levels or breaks down resistance. Bearish Scenario GDLC, BITW, and XRPR ETFs report outflows, and BlackRock downplays plans for an XRP-spot ETF. SEC delays XRP-spot ETF launches. Roadblocks or delays to crypto-friendly regulations, including the Market Structure Bill. Blue-chip companies denounce XRP as a treasury reserve asset. OCC delays or rejects Ripple’s US-chartered bank license. SWIFT keeps its market share in global remittances, limiting Ripple’s market access. These bearish scenarios could push XRP below the $3 level, exposing $2.8. A break below $2.8 would bring the $2.5 support level into sight. Bullish Scenario BITW, GDLC, and XRPR record robust demand. BlackRock files an S-1 for an iShares XRP Trust, and the SEC greenlights XRP-spot ETFs. Blue-chip companies acquire XRP for treasury purposes, and more payment platforms adopt Ripple technology. Ripple secures a US-chartered bank license, and the Market Structure Bill passes the Senate. SWIFT loses market share of global remittances to Ripple. These events could drive XRP toward $3.2, with a breakout supporting a move toward $3.3. |
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Bitcoin Breaks $121,000; Ethereum, Dogecoin, XRP Also Extend Gains: Analytics Firm Says BTC Rally To $130,000 'Appears Realistic' | cryptonews |
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Leading cryptocurrencies and stocks rose higher on Thursday, as investors shrugged off government shutdown concerns.
CryptocurrencyGains +/-Price (Recorded at 9:25 p.m. ET)Bitcoin (CRYPTO: BTC)+1.30%$120,125.23Ethereum (CRYPTO: ETH) +2.55%$4,468.61XRP (CRYPTO: XRP) +1.98%$3.01Solana (CRYPTO: SOL) +4.82%$231.39Dogecoin (CRYPTO: DOGE) +4.47%$0.2590Shorts Continue To Get LiquidatedBitcoin extended its October rally, breaking past $121,000 for the first time since mid-August. The apex cryptocurrency was only 3.43% away from its all-time high. JPMorgan analysts lifted their year-end price target for Bitcoin to $165,000. Ethereum also topped $4,500 late afternoon, before easing to $4,700 as of this writing. Cryptocurrency liquidations hit $393 million in the last 24 hours, with over $274 million in bearish shorts wiped out. About $435 million in Bitcoin shorts risked liquidation if the apex cryptocurrency moves up to $123,000, Bitcoin’s open interest rose further by 3.02% in the last 24 hours, suggesting an influx of fresh money into its derivatives market. "Greed" sentiment prevailed in the cryptocurrency market, according to the Crypto Fear & Greed Index. Top Gainers (24 Hours) Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 9:25 p.m. ET)4 (4) +240.90%$0.1455DeAgentAI (AIA) +231.94%$1.54Aura (AURA) +32.79%$0.1124The global cryptocurrency market capitalization rose to $4.13 trillion, increasing 1.55% in the last 24 hours. Stocks Set Aside Government ShutdownStocks closed at record highs on Thursday. The Dow Jones Industrial Average rallied 78.62 points, or 0.17%, to finish at 46,519.72. The S&P 500 closed up 0.06% at 6,715.35, while the tech-heavy Nasdaq Composite climbed 0.39% to end at 22,844.05. The rally comes amid the federal government shutdown, with Treasury Secretary Scott Bessent deeming it a direct threat to economic momentum and American livelihoods. Bessent also confirmed ongoing trade negotiations with China, expecting a “big breakthrough.” The trade truce between the two countries expires on Nov. 10. Bitcoin Headed To $130,000 Soon?On-chain analytics firm CryptoQuant stated that Bitcoin's dynamics fit within the STH-MVRV pricing range, a metric that measures the average profitability of recent buyers. The upper limit of this range was at $130,000, representing a level where short-term holders aggressively lock in profits. "Bitcoin is currently in a state of equilibrium within the established volatility corridor," CryptoQuant added. "If current dynamics persist, a move toward $130,000 appears realistic." Widely followed cryptocurrency analyst Rekt Capital indicated that Bitcoin's daily close above $120,000 is a bullish signal, with an "identical" move in mid-August preceding a jump to $123,400. Photo Courtesy: OMG_Studio on Shutterstock.com Read Next: Michael Saylor Calls Bitcoin ‘Digital Energy’ That Will Transform Finance Market News and Data brought to you by Benzinga APIs © 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. |
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2025-10-03 03:31
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Crypto.com taps Morpho DeFi lending | cryptonews |
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Crypto.com, the Singapore-based cryptocurrency exchange, has informed its users that they will soon be able to borrow wrapped crypto assets and earn returns on stablecoins through Morpho, a decentralized finance (DeFi) lending protocol.
This update was made public after an announcement on Thursday, October 2, revealing that Morpho intends to establish stablecoin lending markets on the Cronos blockchain, with the launch of the first vaults anticipated later this year. With this combination, users can deposit wrapped Ether or Bitcoin into Morpho vaults and utilize them as collateral to borrow stablecoins and earn yield. The Morpho lending protocol acts as a game-changer in blockchain technology Wrapped assets are tokens on one blockchain, such as Ethereum, that represent an asset from a different blockchain, like Bitcoin, at a 1:1 value. On Cronos, wrapped tokens like CDCETH and CDCBTC reflect ETH and BTC, enabling users to add value to the network and access DeFi lending markets without leaving the chain. Following these updates, Morpho’s co-founder and integration team lead, Merlin Egalite, said that they aim to provide a trusted user experience in the front, with DeFi infrastructure in the back. He further explained that the protocol will be directly combined into Crypto.com’s platforms, offering its lending features to all users. Morpho connects lenders and borrowers using platforms such as Aave and Compound. With its increased adoption, the protocol has been positioned as the second-largest DeFi lending protocol, with a total value locked of around $7.7 billion, according to reports from DefiLlama. For the accessibility of this protocol, Egalite mentioned that users based in the US will have the chance to access the protocol. He acknowledged that the Genesis Act hinders stablecoin issuers from directly paying reserve yields to holders. However, he stated that lending a stablecoin and earning yield is a different activity that does not depend on the issuer, so the restrictions do not affect it. In the meantime, the partnership between Morphos and Crypto.com was established just a few weeks after the DeFi lending protocol teamed up with the US crypto exchange Coinbase. Regarding its partnership with Morpho, Coinbase stated that it had integrated the Morpho lending protocol directly into its app, with the DeFi advisory firm Steakhouse Financial overseeing the vaults. Similar to the Crypto.com feature, users can lend USDC without leaving the platform to access other DeFi services or wallets. Banks raise concerns about stablecoin issuers’ plan to eliminate traditional banks Just days after the partnership announcements, Coinbase CEO Brian Armstrong revealed plans to build a full-fledged crypto “super app” designed to replace the need for traditional banks. Banks raised concerns about the plan and resisted this change. In August, the Bank Policy Institute (BPI) and several US financial institutions penned a letter to Congress requesting that they close stablecoin loopholes. They contend these loopholes give stablecoin issuers a way to compete with banks without the appropriate oversight. The letter warns that if these concerns go unaddressed, as much as $6.6 trillion in deposits could flee the US banking system. On September 16, Coinbase responded to the banks’ claims in a blog post, calling them false and stating there is no proof that the growth of stablecoins has led to any deposit losses at local banks. The post mentioned, “The institutions now claiming ‘systemic risk’ are the same ones making tens of billions from card processing fees, which stablecoins could completely avoid.” Responding to the accusations, Coinbase issued a blog post on September 16, saying they were all false and that there is no evidence of any deposit loss at local banks due to stablecoin growth. The post noted that the organizations raising concerns about ‘systemic risk’ are the same ones that acquire tens of billions from card processing fees, which stablecoins could potentially eliminate. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders. |
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Bitcoin Nears $120K as Uptober Rally Kicks Off With 7-Week High | cryptonews |
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Bitcoin (BTC) is starting October on a bullish note, surging to its highest price in seven weeks as optimism about Federal Reserve rate cuts and October's strong historical performance fuel renewed market momentum. The leading cryptocurrency jumped 4% in the last 24 hours, touching $119,450 on Coinbase early Thursday, before easing slightly to $118,947 at the time of writing.
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Bitcoin Price Prediction: $120K Uptober Rally Sparks Bullish Momentum but Bearish Pattern Looms | cryptonews |
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Uptober rally lifts BTC above $120K – Bitcoin price prediction warns of bullish momentum but looming bearish reversal risks.
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Bitcoin Rockets Past $119K, Analysts Now Eye $130K Target | cryptonews |
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Bitcoin edged higher today, breaching the key $119,000 mark, after a string of steady sessions, lifting prices above recent ranges and drawing fresh attention from big investors.
According to Coinglass data, BTC rose about 2.50% in the last 24 hours, and is up 8% over the last seven days. Trading activity and inflows are being watched closely as traders size up the next move. Institutional Flows Drive Momentum Data shows the top crypto asset registered a second straight day of strong inflows, putting $430 million into Bitcoin spot ETFs. That kind of demand helps explain why Bitcoin’s market value has jumped from $870 billion to $2.34 trillion this year. Analysts say that steady institutional buying has been a key engine behind the rally, and continued flows could keep momentum alive. $BTC/usdt DAILY$BTC breaking out of LTF consolidation @ $115k within the HTF ascending channel we’ve been in all of 2025 $130k is the ultimate breakout point and could lead to the cycle blow off top 🎯 pic.twitter.com/1J9rSc7BJO — Satoshi Flipper (@SatoshiFlipper) October 1, 2025 Price Levels And Targets In Focus Resistance zones are being tested. Near-term hurdles sit at $118,500 and $119,800, with a close target at $120k if buyers stay in control. Analyst Satoshi Flipper pointed out that BTC appears to have built a base above the $115,000 area and is holding a higher time frame structure, adding that a long-term breakout aim sits near $130,000. Buyers extended the climb past $118k, and that move is being cited as a sign that demand remains present above current levels. BTCUSD now trading at $119,185. Chart: TradingView On-Chain Signals And Volatility According to Coinglass, trading volume rose 12% to nearly $95 billion for the day, while Open Interest increased 4.46% to $84 billion. The OI weighted funding rate came in at 0.0050%. Liquidations show the market can still move quickly: $157.08 million in positions were wiped in the past day, with shorts accounting for $136 million and longs $20 million. A bullish MACD crossover has been confirmed on some timeframes, and the RSI sits at 58% — levels that suggest more room to climb but not runaway overheated conditions. Seasonal Patterns Add To The Optimism Based on reports and past data, October has a history of strong performance — “Uptober” shows an average gain of 20%. September registered a 5% rise, and the third quarter closed with 6% according to Coinglass. The fourth quarter’s average return has historically been large, at 78%, which is why some market participants are optimistic heading into the final months of the year. Buyers remain active, but the path up may not be smooth. A clear push above $120,000 would be a useful signal that new highs might follow, while a stumble into the liquidity clusters could force a quick pullback. Market participants are balancing on-chain flows, visible technical levels, and known seasonal patterns as they decide their next steps. Featured image from Unsplash, chart from TradingView |
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2025-10-03 03:31
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Here's why Stellar's October history fuels bullish bets on XLM | cryptonews |
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Posted: October 3, 2025 Key Takeaways Why is Stellar price gaining? XLM jumped 10% to $0.4011 with trading volume up 130%, breaking a falling wedge pattern and sparking bullish calls for $0.50. What risks could stall the rally? XLM faces resistance at $0.4090, while Supertrend stays bearish and ADX at 18 shows limited momentum, leaving $0.5150 targets uncertain. Stellar [XLM] surged 10% in the past 24 hours, as bullish sentiment and technical breakouts pulled traders back into long positions. At press time, XLM was trading at $0.4001 with daily volume up 130% to $499 million, according to CoinMarketCap. AMBCrypto will review XLM’s October setup, key technical levels, expert predictions, and liquidation data shaping the next move. October’s history favors bulls The price jump came as traders positioned for more upside. XLM’s sharp rebound also coincided with October’s strong historical performance in crypto markets. Lookonchain data showed that over the last 12 years, the overall crypto market has posted gains in October ten times, with only two instances of negative returns, in 2014 and 2018. Based on this data, XLM appeared to be on the same path toward posting a positive gain in 2025. Source: X (Formerly Twitter) Analysts eye $0.50–$0.56 range In addition, several bold predictions by experts surfaced on X (formerly Twitter), further strengthening XLM’s bullish outlook. For instance, AltCryptoTalk noted that XLM broke out of a falling wedge on the daily chart, and a successful retest could trigger a 60% to 70% rally in the mid-term. Meanwhile, another expert highlighted that with the recent breakout, the $0.50 level is now in sight. Not just bullish predictions, a crypto expert also shared potential selling levels. He highlighted $0.50 as the next key target after the breakout. By contrast, analyst CW flagged a heavy sell wall at $0.445, adding that if broken, the price could run toward $0.56. Source: X (Formerly Twitter) XLM price action and key levels to watch AMBCrypto’s technical review showed that XLM ended its prolonged downtrend from the 18th of July and opened a path for an upside move. The altcoin still faced resistance near $0.4090 at press time. That shift set up $0.4150 as a pivotal daily close level. Clearing it may unlock a 25% rally toward $0.5150. Source: TradingView Even so, indicators suggested caution. The Supertrend indicator continued flashing red above the current price, showing bearish pressure. Moreover, the ADX stood at 18, as of writing, below the 25 threshold that signals strong trend momentum. Given the abovementioned market sentiment, traders seemed to be following the same trend. CoinGlass revealed that XLM’s major liquidation level stood at $0.3809 on the lower side and $0.4129 on the upper side. Source: CoinGlass At those points, traders built $8.62 million in long positions against $2.68 million in shorts, underscoring market bias toward bullish continuation. Vivaan Acharya is a Crypto-Economist and Journalist at AMBCrypto who brings a rare depth of financial and economic expertise to the world of digital assets. He holds a Master’s in Economics from the prestigious University of Delhi and has over five years of experience analyzing technology and financial markets. His foray into the blockchain space began in 2018, marked by his prescient Master's thesis, "Payments and Stablecoin Integration in Banking," which showcased his early understanding of crypto's potential to disrupt traditional finance. Before specializing in crypto, Vivaan honed his skills in rigorous data and technical chart analysis at a major national financial daily, where he covered corporate earnings and market trends. At AMBCrypto, Vivaan applies this powerful blend of classical economic training and seasoned financial journalism to his work. He is an expert in: 1. Bitcoin and Altcoin Market Analysis 2. Stablecoin Ecosystem Development, and 3 Emerging Crypto Regulations. Known for his clear, no-nonsense approach, Vivaan translates robust research into straightforward, actionable insights. He is dedicated to demystifying the complexities of blockchain finance, empowering readers to confidently navigate the rapidly evolving digital economy. |
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Ray Dalio Doubts Any Central Bank Would Take On Bitcoin As Reserve Currency Despite Many Seeing It As Alternative Money: 'There's No Privacy' | cryptonews |
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Billionaire hedge fund manager Ray Dalio expressed skepticism Thursday that central banks will consider holding Bitcoin (CRYPTO: BTC) as a reserve currency, citing privacy concerns.
Dalio Speaks On Bitcoin’s Perception As ‘Alternate Money’Dalio took to X, sharing an older clip from the Master Investor Podcast in which he weighed on Bitcoin’s role as a form of money. “I doubt that any central bank will take it on as a reserve currency,” the Bridgewater Associates founder said. “That's because all of the transactions are public, so there's no privacy to it, and there's a risk that in the future the code could be broken to make it less effective through government controls.” Dalio emphasized that while he couldn’t definitively comment on Bitcoin’s effectiveness, its perception as an “alternative money” makes it noteworthy. “My personal approach is that I do have some Bitcoin in my portfolio, but not much,” he revealed. See Also: Ray Dalio Predicts ‘Very, Very Dark Times,’ Trump’s Tariffs Bring In $350 Billion And Gold Nears $3,800: This Week In Economy The Counter-ViewpointCryptocurrency analyst and author Adam Livingston countered Dalio’s arguments, stating that Bitcoin’s transparency is a feature and not a flaw. “Public auditability eliminates the very opacity that let shadow banking implode in 2008,” Livingston said. He labeled the “code could be broken” narrative as a “hand-waved FUD,” stating that Bitcoin’s SHA-256 algorithm, used for mining and verifying transactions, was yet to be broken despite global bounty initiatives. Dalio Sees Cryptos As Alternative To Struggling FiatDalio’s comments come in the wake of his previous statements, where he suggested that cryptocurrencies could serve as an ‘attractive alternative’ to struggling fiat currencies. He reasoned that if the supply of dollar money rises or its demand falls, cryptocurrencies could emerge as an appealing alternative. Earlier in July, he advised a 15% portfolio allocation to Bitcoin or gold, citing potential currency devaluation risks and mounting U.S. debt concerns. The veteran investor previously expressed a strong preference for gold over Bitcoin, describing the precious metal as the "purest play" for a store of value. Price Action: At the time of writing, BTC was exchanging hands at $120,046.94, up 1.24% in the last 24 hours, according to data from Benzinga Pro. Read Next: Bitcoin Rallies $10,000 In 5 Days: What’s Driving The Surge? Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors. Photo Courtesy CKA on Shutterstock.com Market News and Data brought to you by Benzinga APIs © 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. |
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Pi Network Price Stalls While Bitcoin, Ethereum and XRP Rally; Here's Why | cryptonews |
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The cryptocurrency market started October in strong form, with global capitalization climbing to $4.13 trillion, up more than 1.4% in the past day. Bitcoin is trading above $120,000, Ethereum has pushed past $4,540, and XRP crossed $3 again. Against this backdrop, Pi Network has fallen more than 3% in 24 hours to $0.26, raising questions among its community.
Whale Demand Has VanishedA major factor behind Pi’s weakness is the absence of its second-largest whale. This wallet, which accumulated 383 million Pi tokens worth over $100 million, abruptly stopped buying ten days ago. For a token that lacks exchange listings and broad liquidity, the loss of one big buyer carries significant weight. Tokenomics Under FireCommunity concerns focus on Pi’s tokenomics. Unlike Bitcoin, which is capped at 21 million, or Ethereum, which burns supply with every transaction, Pi has chosen not to permanently remove tokens from circulation. Instead, supply is recycled back into the system. With a maximum supply of 100 billion coins and no scarcity mechanism, many investors view Pi as inflationary. Pioneers who mined Pi for years now face dilution, while outside capital is reluctant to enter. Missed Momentum Despite ProgressThe Core Team recently launched a Testnet decentralized exchange and co-founder Dr. Chengdiao Fan appeared at TOKEN2049, but updates lacked clarity on tokenomics or exchange timelines. Meanwhile, Bitcoin’s rally is drawing liquidity into altcoins, yet Pi has failed to benefit. According to experts, the project is at a crossroads: either adapt its supply model or risk losing relevance in a market that increasingly rewards scarcity-driven assets. What Pi Network Must DoMr Spock argues that Pi must rethink its economics. Options include introducing a buyback program, where ecosystem revenues purchase and lock away tokens, or implementing token burns tied to transactions and app usage. Without these measures, Pi risks becoming a token with circulation but no incentive for long-term holding. |
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Wärtsilä Oyj Abp (WRTBY) Shareholder/Analyst Call Transcript | stocknewsapi |
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Wärtsilä Oyj Abp (OTCPK:WRTBY) Shareholder/Analyst Call September 30, 2025 8:00 AM EDT
Company Participants Hanna-Maria Heikkinen - Vice President of Investor Relations Arjen Berends - CFO, Executive VP & Member of the Board of Management Conference Call Participants Akash Gupta - JPMorgan Chase & Co, Research Division Max Yates - Morgan Stanley, Research Division Antti Kansanen - SEB, Research Division Vivek Midha - Citigroup Inc., Research Division Daniela Costa - Goldman Sachs Group, Inc., Research Division Johan Eliason Vladimir Sergievskiy - Barclays Bank PLC, Research Division Anders Idborg - ABG Sundal Collier Holding ASA, Research Division Panu Laitinmaki - Danske Bank A/S, Research Division Presentation Hanna-Maria Heikkinen Vice President of Investor Relations Welcome to Wärtsilä Q3 pre-silent call and greetings from Sunny Helsinki. My name is Hanna-Maria Heikkinen, and I'm in charge of Investor Relations. Today, our CFO, Arjen Berends, will start with key messages. We will also show a few slides which are already available on our IR website, and my colleague, [Nora] will share a link to the chart. [Operator Instructions]. Arjen, please time to start. Arjen Berends CFO, Executive VP & Member of the Board of Management All right. And let's start with these slides, if you can put them on the screen. Yes, let's start with these. It's a bit of, let's say, a reminder, you could say as well. We had good progress in our divestment of the portfolio businesses. As we already earlier announced ANCS is now no longer part of the Q3 numbers as we did the closing, let's say, earlier in the year. So that one is out, and please consider that also in your numbers. We will likely have a positive impact of about EUR 30 million. But there are still, let's say, some post-closing adjustments that need to be tuned. So let's see what the final outcome is, but I don't expect it Recommended For You |
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Gold Near $4,000 as US Debt Crisis and Weak Jobs Fuel Safe-Haven Demand | stocknewsapi |
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Important DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.Risk DisclaimersThis website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. |
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Xsolla and Nexstar Media's NewsNation Launch Gaming Vodcast Series | stocknewsapi |
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LOS ANGELES & IRVING, Texas--(BUSINESS WIRE)--Xsolla, a global video game commerce company that helps developers launch, grow, and monetize their products, today announced a landmark content partnership with Nexstar Media Group, Inc., the nation's leading local television broadcaster and owner/operator of cable news network NewsNation. Together, Xsolla and NewsNation will produce and distribute a co-branded vodcast series focused on the culture, business, and technology of gaming. Episodes will.
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Australia fines Telstra $12 million for misleading customers on internet speed | stocknewsapi |
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October 3, 20251:50 AM UTCUpdated ago A woman walks past a Telstra store in Sydney, Australia, September 29, 2025. REUTERS/Hollie Adams Purchase Licensing Rights, opens new tab Oct 3 (Reuters) - Telstra (TLS.AX), opens new tab, Australia's no.1 telecom firm, has been fined A$18 million ($11.87 million) by the Federal Court for lowering internet speed plan for about 9,000 customers without informing them, the country's competition watchdog said on Friday. ($1 = 1.5161 Australian dollars) Sign up here. Reporting by Nikita Maria Jino in Bengaluru; Editing by Subhranshu Sahu Our Standards: The Thomson Reuters Trust Principles., opens new tab |
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Oracle says hackers are trying to extort its customers | stocknewsapi |
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Oracle logo is seen in this illustration taken September 9, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
WASHINGTON, Oct 2 (Reuters) - Oracle said on Thursday that customers of its E-Business Suite of products "have received extortion emails," confirming a warning first issued on Wednesday, opens new tab by Alphabet's Google. In a blog post, opens new tab, the California-based tech company said its investigation found that hackers had made potential use of previously identified software vulnerabilities and urged customers to upgrade their products. Oracle did not immediately respond when asked how many clients were affected. Google has described the hacking campaign as "high volume," but declined to go into detail. Sign up here. Cynthia Kaiser, the head of cybersecurity firm Halcyon's Ransomware Research Center, previously told Reuters that her company had seen extortion demands ranging from millions to tens of millions of dollars, with the highest coming in at $50 million. In a message to Reuters, the ransomware group tied by Google to the extortion campaign, cl0p, said Oracle had "bugged up," but added: "We not prepared to discuss details at this time." The group's members and location are not publicly known. But security researchers have long identified the group as Russia-linked or Russian-speaking. It is a ransomware-as-a-service group, meaning that it hires out its software and infrastructure for other cybercriminals in return for a cut of the proceeds. Japanese cybersecurity firm Trend Micro previously described, opens new tab cl0p as "a trendsetter for its ever-changing tactics." Reporting by Raphael Satter; Editing by Thomas Derpinghaus. Our Standards: The Thomson Reuters Trust Principles., opens new tab Reporter covering cybersecurity, surveillance, and disinformation for Reuters. Work has included investigations into state-sponsored espionage, deepfake-driven propaganda, and mercenary hacking. |
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Apple removes ICE tracking apps after pressure by Trump administration | stocknewsapi |
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Item 1 of 2 ICE agents stand guard during a protest against the U.S. President Donald Trump administration's immigration policies, outside an ICE detention facility in Portland, Oregon, U.S., September 1, 2025. REUTERS/John Rudoff/File Photo
[1/2]ICE agents stand guard during a protest against the U.S. President Donald Trump administration's immigration policies, outside an ICE detention facility in Portland, Oregon, U.S., September 1, 2025. REUTERS/John Rudoff/File Photo Purchase Licensing Rights, opens new tab SummaryCompaniesICE at the center of Trump's hardline immigration agendaRights advocates concerned that ICE's actions can flout due processTech firms have sought warmer ties with Trump during his second termWASHINGTON, Oct 2 (Reuters) - Apple (AAPL.O), opens new tab said on Thursday that it had removed ICEBlock, the most popular ICE-tracking app, and other similar apps from its App Store after it was contacted by President Donald Trump's administration. The app alerts users to Immigration and Customs Enforcement agents in their area. ICE has been a central part of Trump's hardline immigration agenda and its agents have regularly raided and arrested migrants. The Justice Department says the app could increase the risk of assault on U.S. agents. Sign up here. "Based on information we've received from law enforcement about the safety risks associated with ICEBlock, we have removed it and similar apps from the App Store," Apple said in an emailed statement. Since Trump took office, ICE has raided multiple facilities with immigrants who are in the U.S. illegally. The agency has also arrested visa holders and permanent U.S. residents targeted by the Trump administration over pro-Palestinian advocacy. Rights advocates have raised concerns that rights to free speech and due process are often being infringed as the government pushes ahead with its deportation drive. Fox Business first reported the app's removal on Thursday, citing a statement by U.S. Attorney General Pam Bondi who said the Justice Department contacted Apple to pull the app on Thursday and that the company complied. "ICEBlock is designed to put ICE agents at risk just for doing their jobs, and violence against law enforcement is an intolerable red line that cannot be crossed," Bondi said in her statement to Fox Business. Bondi and Secretary of Homeland Security Kristi Noem have previously warned Joshua Aaron, the Texas-based creator of ICEBlock, that he is "not protected" under the Constitution and that they are looking at prosecuting him. Apple's actions may also lead to further scrutiny over the warm ties that tech firms have tried to build with the Trump administration during his second term. Reporting by Kanishka Singh in Washington; Editing by Edwina Gibbs Our Standards: The Thomson Reuters Trust Principles., opens new tab Kanishka Singh is a breaking news reporter for Reuters in Washington DC, who primarily covers US politics and national affairs in his current role. His past breaking news coverage has spanned across a range of topics like the Black Lives Matter movement; the US elections; the 2021 Capitol riots and their follow up probes; the Brexit deal; US-China trade tensions; the NATO withdrawal from Afghanistan; the COVID-19 pandemic; and a 2019 Supreme Court verdict on a religious dispute site in his native India. |
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NVDY: High Yields And NAV Supported By Nvidia's AI Investments | stocknewsapi |
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SummaryYieldMax NVDA Option Income Strategy ETF offers high yield by selling covered calls on NVIDIA, appealing to income-focused investors.NVDY's AUM has surged to $1.85 billion, outpacing peers in terms of monthly inflows, despite higher fees, reflecting strong investor confidence in its income strategy.While NVDY caps upside and lacks downside protection, it provides steady income, especially if NVDA's AI investments sustain moderate growth.NVDY suits those prioritizing income over capital appreciation, but growth-oriented investors may prefer direct NVDA exposure for uncapped gains. Jonathan Kitchen/DigitalVision via Getty Images
If you are looking to tap into NVIDIA's (NASDAQ:NVDA) growth potential while benefiting from options-generated income, then the YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) is an appropriate tool. The chart below Analyst’s Disclosure:I/we have a beneficial long position in the shares of NVDY either through stock ownership, options, or other derivatives. 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. This is an investment thesis and is intended for informational purposes. Investors are kindly requested to do additional research before investing. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Recommended For You |
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ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Spirit Aviation Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Fraud Lawsuit – FLYYQ | stocknewsapi |
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NEW YORK, Oct. 02, 2025 (GLOBE NEWSWIRE) --
WHY: New York, N.Y., October 2, 2025. Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Spirit Aviation Holdings, Inc. (OTC: FLYYQ) between May 28, 2025 and August 29, 2025, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 1, 2025. SO WHAT: If you purchased Spirit Aviation securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Spirit Aviation class action, go to https://rosenlegal.com/submit-form/?case_id=45665 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 1, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the complaint, defendants made false and/or misleading statements and/or failed to disclose that: (1) Spirit Aviation was at substantial risk of being unable to meet certain of its debt and other financial obligations; (2) Spirit Aviation was also at substantial risk of being forced to file for Chapter 11 bankruptcy protection within a mere matter of months; (3) accordingly, defendants had overstated enhancements to Spirit Aviation’s financial condition, liquidity, and overall business and operations, while simultaneously downplaying the negative impacts of adverse market conditions on the same; and (4) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Spirit Aviation class action, go to https://rosenlegal.com/submit-form/?case_id=45665 call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected] www.rosenlegal.com |
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Amazon to resume drone delivery following crash in Arizona | stocknewsapi |
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Image Credits:Amazon
4:30 PM PDT · October 2, 2025 Amazon will restart its drone delivery service in Arizona beginning Friday as two federal agencies continue to investigate a crash that occurred earlier this week. Amazon suspended operations in the West Valley of the Phoenix Metro area — currently its only commercial market — following a crash Wednesday. Two of the company’s Prime Air delivery drones collided with the boom of a crane near its same-day site in Tolleson, Arizona, which sent them crashing to the ground. Amazon has been delivering packages, weighing up to five pounds, to customers via its Prime Air drone service in the West Valley of Phoenix since November 2024. Amazon spokesperson Terrence Clark said the company will continue to support “ongoing reviews by relevant agencies.” The National Transportation Safety Board and Federal Aviation Administration announced Thursday that investigations into the crash are underway. “Safety is our top priority, and we’ve completed our own internal review of this incident and are confident that there wasn’t an issue with the drones or the technology that supports them,” Clark said in an emailed statement. “Nonetheless, we’ve introduced additional processes like enhanced visual landscape inspections to better monitor for moving obstructions such as cranes.” The program has faced several setbacks over the years, including the departure of key executives, as the company pushes toward its goal of using drones to deliver 500 million packages per year by the end of the decade. Amazon halted testing of its drones after a mid-air collision involving two of its models in Oregon in December 2024. At the time, Amazon said it would suspend drone deliveries in College Station, Texas and Arizona pending a software update to its drone fleet. Amazon no longer has operations in College Station. Techcrunch event San Francisco | October 27-29, 2025 Amazon has also scored a win or two, including receiving approval from the U.S. Federal Aviation Administration to fly its delivery drones longer distances. That approval in May 2024 removed one regulatory hurdle, allowing Amazon to expand its Prime Air service. Amazon has previously said it planned to expand Prime Air delivery services in Texas in Richardson, San Antonio, and Waco, and across the country with sites planned for Detroit and Kansas City. Topics Kirsten Korosec is a reporter and editor who has covered the future of transportation from EVs and autonomous vehicles to urban air mobility and in-car tech for more than a decade. She is currently the transportation editor at TechCrunch and co-host of TechCrunch’s Equity podcast. She is also co-founder and co-host of the podcast, “The Autonocast.” She previously wrote for Fortune, The Verge, Bloomberg, MIT Technology Review and CBS Interactive. You can contact or verify outreach from Kirsten by emailing [email protected] or via encrypted message at kkorosec.07 on Signal. View Bio |
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EdgeTI Closes Second Tranche of Non-Brokered Financing Raising an Aggregate of $1.67M Pursuant to Recent Offerings | stocknewsapi |
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October 02, 2025 7:54 PM EDT | Source: Edge Total Intelligence Inc.
Arlington, Virginia--(Newsfile Corp. - October 2, 2025) - Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5I) (the "Company", "edgeTI") is pleased to announce that further to its news releases dated September 23, 2025 and September 29, 2025, it has closed the second and final tranche (the "Second Tranche") of its previously announced non-brokered private placement offering (the "Offering") of units of the Company ("Units"). Pursuant to the Second Tranche, the Company issued 138,930 Units at a price per Unit of C$1.00 (the "Offering Price") for aggregate gross proceeds of $138,930, bringing the total amount raised under the Offering to $1,470,393, with 1,470,393 Units issued. Each Unit issued pursuant to the Second Tranche consisted of one subordinate voting share in the capital of the Company (an "SVS") and one SVS purchase warrant (each, a "Warrant"). Each Warrant is exercisable to acquire one additional SVS at an exercise price of C$2.00 until October 2, 2030. The Units issued under the Offering are subject to a statutory hold period of four months from the date of issuance in accordance with applicable Canadian securities laws. No acceleration provision is applicable to Warrants issued pursuant to the Offering. The Company intends to use a portion of the net proceeds of the Offering as disclosed in its news release dated September 29, 2025. The Company has not paid any finders' fees in connection to the Offering. No related parties, as defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, participated in the Second Tranche. The Offering remains subject to the final approval of the TSX Venture Exchange. The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an available exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referenced in this press release, in any jurisdiction in which such offer, solicitation or sale would be unlawful. "United States" and "U.S. persons" are as defined in Regulation S under the U.S. Securities Act. About edgeTI edgeTI helps customers sustain situational awareness and accelerate action with its real-time digital operations software, edgeCore™ that unites multiple software applications and data sources into one immersive experience called a "Digital Twin". Global enterprises, service providers, and governments are more profitable when insight and action are united to deliver fluid journeys via the platform's low-code development capability and composable operations. With edgeCore, customers can improve their margins and agility by rapidly transforming siloed systems and data across continuously evolving situations in business, technology, and cross-domain operations — helping them achieve the impossible. Website: https://edgeti.com LinkedIn: www.linkedin.com/company/edgeti YouTube: www.youtube.com/user/edgetechnologies 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. Forward-Looking Statements This press release contains statements which constitute "forward-looking information" or "forward-looking statements" (together "forward-looking information") within the meaning of applicable Canadian and United States securities laws, including statements regarding the use of proceeds of the Offering, the Company making any and all requisite filings and applications with respect to the Offering, the receipt of all requisite approvals in respect of the Offering, and the technical, financial and business prospects of the Company, its assets and other matters. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. Investors are cautioned that forward-looking information is not based on historical facts but instead reflect the Company's management's expectations, estimates or projections, including the use of proceeds of the Offering, expectations regarding general business, economic and public markets conditions as well as expectations concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among key factors and risks that could cause actual results to differ materially from those projected in the forward-looking information may include, without limitation, present and future business strategies and the environment in which the Company will operate in the future, including the price of inputs including labour costs; investor perception regarding the Offering, the Company and its business, the ability to achieve its goals, expected costs and timelines to achieve the Company's goals; that general business and economic conditions will not change in a material adverse manner; that financing will be available if and when needed and on reasonable terms; the general economic environment; cybersecurity risks; financial projections may prove materially inaccurate or incorrect; the Company may experience difficulties to forecast sales; the impact of value of the Canadian dollar and U.S. dollar and foreign exchange rates on costs and financial results; general competition in the industry from other companies; management of growth-related risks; reliance on management; risks relating to insurance; our business could be adversely affected by increased labour costs or difficulties in finding suitable employees; changes in regulation; changes in customer demand; requirements for further financing; the Company may prioritize growth over short-term financial results. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law. Not for distribution to United States newswire services or for dissemination in the United States. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268978 |
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Warren Buffett's Berkshire Comes to the Aid of Occidental Petroleum—Again | stocknewsapi |
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Berkshire's $9.7 billion buy of Occidental's petrochemicals business will allow the company to reduce debt and focus on fossil fuels.
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Rough Road for RIVN: Production & EV Headwinds Add Fog to Outlook | stocknewsapi |
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While Tesla (TSLA) trades down on what George Tsilis calls a "sell the news" event, Rivian (RIVN) has more challenges. He makes the case that the company can't build enough vehicles to make scalability demands, on top of facing headwinds similar to Tesla from the EV tax credit removal.
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Univest Securities, LLC Announces Closing of $15 Million Registered Direct Offering for its Client Chijet Motor Company, Inc. (NASDAQ: CJET) | stocknewsapi |
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New York, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of $15 million registered direct offering (the “Offering”) for its client Chijet Motor Company, Inc. (NASDAQ: CJET) (“Chijet” or the “Company”), an automobile company that focuses on expanding the performance of electric vehicles with minimal environmental / carbon footprint, while also manufacturing, selling and servicing traditional-fuel vehicles.
Under the terms of the securities purchase agreement, the Company has agreed to sell to certain investors an aggregate of 100,000,000 of the Company’s Class A ordinary share, par value $0.003 per share (the “Shares”) (or pre-funded warrants in lieu thereof) at a purchase price of $0.15 per share in a registered direct offering. The purchase price for the pre-funded warrants is identical to the purchase price for Shares, less the exercise price of $0.003 per share. The aggregate gross proceeds to the Company of the Offering were approximately $15 million. Univest Securities LLC acted as the sole placement agent. The registered direct offering was made pursuant to a shelf registration statement on Form F-3 (File No. 333-281314) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on August 16, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering were filed with the SEC and are available on the SEC's website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained by contacting Univest Securities, LLC at [email protected], or by calling +1 (212) 343-8888. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus, can be obtained at the SEC's website at www.sec.gov. About Univest Securities, LLC Registered with FINRA since 1994, Univest Securities, LLC provides a wide variety of financial services to its institutional and retail clients globally including brokerage and execution services, sales and trading, market making, investment banking and advisory, and wealth management. It strives to provide clients with value-add service and focuses on building long-term relationships with its clients. As a prominent name on Wall Street, Univest has successfully raised over $1.5 billion in capital for issuers across the globe since 2019 and has completed approximately 100 transactions spanning a wide array of investment banking services in various industries, including technology, life sciences, industrial, consumer goods, etc. For more information, please visit: https://www.univest.us/. About Chijet Motor Company, Inc. The primary business of Chijet is the development, manufacture, sales, and service of traditional fuel vehicles and NEVs. State-of-the-art manufacturing systems and stable supply chain management enable the Company to provide consumers with products of high performance at reasonable prices. In addition to its large modern vehicle production base in Jilin, China, a factory in Yantai, China will be dedicated to NEV production upon completion of its construction. Chijet has a management team of industry veterans with decades of experience in engineering and design, management, financing, industrial production, and financial management. For additional information about Chijet, please visit www.chijetmotors.com. Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. Univest Securities LLC and the Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contact: Univest Securities, LLC Edric Guo Chief Executive Officer 75 Rockefeller Plaza, Suite 18C New York, NY 10019 Phone: (212) 343-8888 Email: [email protected] |
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2025-10-03 01:30
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2025-10-02 20:12
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Why Symbotic Stock Triumphed on Thursday | stocknewsapi |
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The young and popular robotics company received good marks from a pundit now following its fortunes.
Industrial robotics company Symbotic (SYM 9.50%) enjoyed a nearly double-digit rise in its stock price on Thursday, with its shares increasing by just under 10% in value. Investors were taken by a bullish initiation of coverage by an analyst now trading the company. Symbotic's bounce looked impressive when placed next to the under-0.1% advance of the S&P 500 index. Launched with a buy That entity behind the upgrade was Northcoast Research, whose analyst Keith Housum launched his coverage of Symbotic with a buy recommendation at a price target of $65 per share. Image source: Getty Images. The reasons for Housum's optimistic stance weren't immediately apparent. He's hardly the only pundit or investor bullish on Symbotic's future, however, as the company combines two hot tech and industrial trends -- artificial intelligence (AI) and robotics, mainly geared to the warehouse segment. Symbotic has quite the anchor client in retail industry giant Walmart, which owns an equity stake in the company and has tasked it with automating its warehouses. The challenge for the future As much as Americans like what Walmart has to offer, plus the fact that its outlets are nearly everywhere in this country, no person or company can live on that company alone. The trick for Symbotic will be to rope in more clients and become a go-to provider of AI-enhanced robotics goods and services. There has been quite a run-up in the company's share price so far. However, this will be difficult to sustain if it doesn't expand the client list. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Symbotic and Walmart. The Motley Fool has a disclosure policy. |
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2025-10-03 01:30
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2025-10-02 20:16
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Oracle Investigates Hacks of Customers' Applications After Cybercriminals Demand Ransoms | stocknewsapi |
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Oracle is reportedly investigating hacks of some customers’ E-Business Suite applications after hackers who said they were affiliated with a ransomware group claimed to have breached the applications.
The hackers demanded ransoms, in one case $50 million, from the large organizations they contacted, Bloomberg reported Thursday (Oct. 2), citing unnamed sources. Oracle told employees Thursday that it had found exploitation of flaws in E-Business Suite for which it issued an advisory and offered patches in July, according to the report. In a Thursday blog post on the Oracle website, Rob Duhart, chief security officer, Oracle Security, wrote that the company is aware that some of its E-Business Suite customers have received extortion emails. “Our ongoing investigation has found the potential use of previously identified vulnerabilities that are addressed in the July 2025 Critical Patch Update,” Duhart wrote. “Oracle reaffirms its strong recommendation that customers apply the latest Critical Patch Updates.” Bloomberg reported earlier Thursday that Google said hackers were sending extortion emails to executives, claiming to have stolen sensitive data from their Oracle E-Business Suite. Advertisement: Scroll to Continue Google added, per the report, that it “does not currently have sufficient evidence to definitively assess the veracity of these claims.” The FBI’s Internet Crime Complaint Center (IC3) said in April that reported cyber and scam-related losses rose 33% in 2024 to reach $16.6 billion. IC3 added that this figure might not reflect the true scale of losses because many incidents go unreported. “Fraud represented the bulk of reported losses in 2024, and ransomware was again the most pervasive threat to critical infrastructure, with complaints rising 9% from 2023,” the IC3 report said. In some other recent incidents, automaker Jaguar Land Rover was forced to shut down its factories to mitigate the impact of a cyberattack, credit reporting agency TransUnion said a third-party data breach affected more than 4.4 million customers, and insurance company Allianz Life said a data breach involved personally identifiable information for the bulk of its 1.4 million customers in North America along with that of financial professionals and some employees. PYMNTS reported in May that in response to a surge in enterprise cybersecurity risks, modern cyber audits are evolving to become continuous, data-driven processes rather than episodic reviews. Platforms now ingest structured and unstructured data from across the enterprise — such as server logs, access records and transaction metadata — and use them to detect emerging threats, according to the report. |
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2025-10-03 01:30
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2025-10-02 20:20
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Why MercadoLibre Stock Is Sinking This Week | stocknewsapi |
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MercadoLibre will face increased competition from Amazon this upcoming holiday season, but investors shouldn't start panicking.
Leading Latin American e-commerce and fintech titan MercadoLibre (MELI 3.34%) is down 10% this week as of 3 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence. This decline stems from a major news outlet and numerous analysts reiterating concerns for the company as Amazon launches its most aggressive expansion in Brazil (MercadoLibre's largest market) yet. Amazon announced that it would waive all fulfillment by Amazon (FBA) logistics fees and take rates on FBA orders for new Brazilian merchants through the holiday season. Prime time to grow in Brazil? While MercadoLibre has faced no shortage of competition from a wide array of peers over the years, Amazon certainly is the 1,000-pound gorilla in the room (or e-commerce warehouse). However, as dominant as Amazon is in the United States, it currently has to play the role of underdog (albeit a well-armed one) in Brazil. Buoyed by its industry-leading logistical network, burgeoning customer ecosystem that not only includes e-commerce but also numerous fintech solutions and credit options, MercadoLibre won't be easy to disrupt. Image source: Getty Images. Over just the last decade, MercadoLibre has been a 24-bagger. These jaw-dropping results occur despite facing competition from: Amazon, Walmart, and Costco moving into Mexico. Sea Limited's e-commerce unit Shoppee expanding to Brazil. China-based Shein and PDD Holding's Temu providing Latin America with a multitude of low-cost goods. Latin America is a promising growth area for many stocks -- especially e-commerce -- so this competition is going nowhere. However, MercadoLibre's immense growth optionality and booming ecosystem for its customers should give it a leg up on its peers. It'll be worth watching how Amazon does this holiday season as it entices new merchants onto its Brazilian marketplace, but MercadoLibre remains best in class in Latin America. Josh Kohn-Lindquist has positions in Costco Wholesale, MercadoLibre, and Sea Limited. The Motley Fool has positions in and recommends Amazon, Costco Wholesale, MercadoLibre, Sea Limited, and Walmart. The Motley Fool has a disclosure policy. |
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2025-10-03 01:30
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2025-10-02 20:21
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Uber Acquires Segments.ai to Grow Data Labeling Business | stocknewsapi |
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Uber has acquired Segments.ai, a multi-sensor labeling platform for robotics and autonomous driving, the two companies said Thursday (Oct. 2) in separate posts on LinkedIn.
In its post, Uber AI Solutions, Uber’s AI data services business, said that the acquisition is part of its commitment to building its lidar and multi-sensor data annotation capabilities. The company said it has been working in this area for nearly a decade to use labels on real-world data to power autonomy, safety and artificial intelligence breakthroughs. “Segments.ai brings solid experience in lidar annotation tools, deep expertise in the domain, and an incredible base of clients,” the post said. “We are thrilled to be working with [Segments.ai CEO and Founder Otto Debals and Founder Bert De Brabandere] and the entire team as we build the future together for lidar data annotation.” Debals said in a post on LinkedIn that he, De Brabandere and the entire team will join Uber AI Solutions and continue building annotation tooling for robotics and autonomous vehicles. “We’ve supported awesome use cases: from self-driving vehicles and trucks to autonomous drones and tractors,” Debals said of Segments.ai, which was founded in 2020. De Brabandere said in a post on LinkedIn that at Uber AI Solutions, they will “help supercharge the data labeling team.” Advertisement: Scroll to Continue Uber AI Solutions offers other businesses solutions that Uber developed over the past decade while using data and AI in its own operations. The organization said in June that it added new solutions and began making them available to AI labs and enterprises in 30 countries. One solution is a platform that connects enterprises to global talent, including experts in coding, finance, law, science and linguistics, who can provide annotation, translation and editing for multilingual and multimodal content. Uber AI Solutions also offers datasets to train large AI models for generative AI, mapping, speech recognition and other uses cases; task flows, annotations, simulations and multilingual support to help train AI agents; and its own internal platforms for managing large-scale annotation projects and validating AI inputs. “We’re bringing together Uber’s platform, people and AI systems to help other organizations build smarter AI more quickly,” Megha Yethadka, general manager and head of Uber AI Solutions, said in a June press release. For all PYMNTS AI coverage, subscribe to the daily AI Newsletter. |
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2025-10-03 01:30
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2025-10-02 20:27
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Nord Precious Metals Announces Amendment to Its Non-Brokered LIFE Financing | stocknewsapi |
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October 02, 2025 8:28 PM EDT | Source: Nord Precious Metals Mining Inc.
Coquitlam, British Columbia--(Newsfile Corp. - October 2, 2025) - Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: 4T9B) (the "Company" or "Nord") further to the Company's news release dated September 15, 2025, the Company has amended its previously filed Listed Issuer Financing Exemption ("LIFE") Offering Document. The Company will now be raising 13,056,041 units at a price of $0.12 per share for gross proceeds of $1,566,724 through the LIFE Offering Document. In addition, the Company intends to complete a financing by way of a non-brokered private placement of up to 20,277,292 units at a price of $0.12 per share for gross proceeds of $2,433,275 whereby Research Capital Corporation (the "Finder") are the exclusive finders assisting with the Offering. Each Unit will consist of one common share of the Company ("Common Share") and one common share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the holder to purchase an additional Common Share at an exercise price of $0.155 for a period of five years following the closing of the Offering. Nord's primary business objective over the next 12 months is to increase the silver resource at the Castle East property and identify potential economics of tailings processing and metal recovery from tailings. Nord intends to use the net proceeds from the Offering to test tailings recovery through the Ontario Ministry's unique Recovery Permit and continue pilot scale testing of the Re-2Ox process with SGS Lakefield. Diamond drilling will continue on the Castle East Property to test new targets and, using new intersections, update the Company's Resource Estimate. Over the next 12 months, Nord expects to: Advance Castle East targeting and resource work. Begin the fall drill program guided by the recent 3D model, reinterpretation and incorporate results into the next resource update. (Press Release, August 26, 2025).Submit Recovery Permit materials and prepare potential tolling templates. Finalize the single-application approach that may include potential toll processing of adjacent properties, and standardize commercial tolling templates for district tailings owners.Progress Re-2Ox from bench to pilot with SGS Lakefield. Complete arsenic-balance work, unit-op selection, and pilot-ready testwork; maintain refinery optionality under the non-binding MOU. (Press Releases, 2018; February 6, 2025; June 2025).fund administrative expenses including legal, audit, overhead and consulting fees for the ensuing 12 months.The Units will be offered for sale pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"). as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption and Section 2.3 of the Offering is being made in all provinces of Canada (except Quebec) and other qualifying jurisdictions, including the United States. The Units offered under the Listed Issuer Financing Exemption will be immediately "free-trading" under applicable Canadian securities laws. Units sold to subscribers resident in the United States will be subject to additional restrictions on trade. The amended offering document (the "Amended Offering Document") related to this Offering that can be accessed under the Company's profile at www.sedarplus.ca and at the Company's website at www.nordpreciousmetals.com. Prospective investors should read this Amended Offering Document before making an investment decision. The Offering is anticipated to close on or around October 9, 2025 ("Closing"), or such later date as the Company may determine. The Closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. The Finders will receive a cash commission of 8% of the aggregate gross proceeds of the Offering from subscribers introduced to the Company by the Finders and such number of finder's warrants (the "Finder's Warrants") as is equal to 8% of the number of Units sold under the Offering to subscribers introduced to the Company by the Finders. Each Finder's Warrant entitles the holder to purchase one Common Share at an exercise price equal to the Offering Price for a period of 5 years from the date of the Closing. In connection with the Offering, the Company has entered into an Advisory Agreement with Research Capital Corporation (the "Advisor"), pursuant to which the Advisor provided financial advisory, consulting, and support services in connection with the Offering (the "Advisory Services"). In consideration for the Advisory Services, the Company will pay the Advisor a work fee equal to $25,000 (the "Fee") and issue 175,000 advisor shares (the "Advisor Shares") at a deemed price of $0.12 per share. The Advisor Shares will be subject to a four month and one day hold period in accordance with Canadian securities laws. The Finder Warrants and the Advisor Shares are subject to a four month and a day hold period pursuant to applicable Canadian Securities Laws. About Nord Precious Metals Mining Inc. Nord Precious Metals Mining Inc. operates the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, where the Company has established a unique position integrating high-grade silver discovery with strategic metals recovery operations. The Company's flagship Castle property encompasses 63 sq. km of exploration ground and the past-producing Castle Mine, complemented by the Castle East discovery where drilling has delineated 7.56 million ounces of silver in Inferred resources grading an average of 8,582 g/t Ag (250.2 oz/ton). Nord's integrated processing strategy leverages the synergistic value of multiple metals. High-grade silver recovery supports the economics of extracting critical minerals including cobalt, nickel, and other battery metals, while the company's proprietary Re-2Ox hydrometallurgical process enables production of technical-grade cobalt sulphate and nickel-manganese-cobalt (NMC) formulations. This multi-metal approach, combined with established infrastructure including TTL Laboratories and underground mine access, positions Nord to capitalize on both precious metals markets and the growing demand for battery materials. The Company maintains a strategic portfolio of battery metals properties in Northern Quebec including its 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS) as well as the St. Denis-Sangster lithium project comprising 260 square kilometers of prospective ground near Cochrane, Ontario. More information is available at www.nordpreciousmetals.com. "Frank J. Basa" Frank J. Basa, P. Eng. Chief Executive Officer 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. Caution Regarding Forward-Looking Statements This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. The Company does not undertake to update any forward-looking information in this news release or other communications unless required by law. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268981 |
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2025-10-03 01:30
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2025-10-02 20:28
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KinderCare (KLC) Faces Investor Lawsuit Over IPO After Allegations of Child Neglect Surface - Hagens Berman | stocknewsapi |
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KLC Investors with Losses Encouraged to Contact Hagens Berman Before Oct. 14th, 2025 Deadline
, /PRNewswire/ -- A new securities class action lawsuit has been filed against KinderCare Learning Companies, Inc. (NYSE: KLC) and its executives, alleging the company misled investors during its October 2024 Initial Public Offering (IPO). The lawsuit, styled Gollapalli v. KinderCare Learning Companies, Inc., et al., seeks to represent investors who purchased KLC common stock in or traceable to the company's IPO. The lawsuit claims that KinderCare's IPO documents painted a false and misleading picture of the company's operations. While the company described its services as providing "the highest quality care possible" in a "safe, nurturing and engaging environment," the complaint alleges these statements were contradicted by a documented history of serious safety and care failures that were concealed from investors. Hagens Berman urges KinderCare investors who suffered substantial losses to contact the firm now. Class Period: Purchasers in KinderCare October 2024 IPO Lead Plaintiff Deadline: Oct. 14, 2025 Visit:www.hbsslaw.com/investor-fraud/klc Contact the Firm Now: [email protected] 844-916-0895 Federal Subsidies and Unforeseen Risks The lawsuit highlights that more than 30% of KinderCare's revenues come from federal subsidies, making the alleged omissions particularly significant. According to the complaint, the company's failure to disclose a history of child neglect and harm exposed it to a material, undisclosed risk of legal and regulatory action that could threaten this major revenue source. Since the IPO, KinderCare's stock has performed poorly, dropping from its offering price of $24 per share to lows near $9 per share. The lawsuit attributes this decline to the market's realization that the company's positive statements were unfounded. Hagens Berman's Investor Investigation National plaintiffs' rights firm Hagens Berman is investigating these claims and encourages investors who purchased KLC stock in the IPO and suffered losses to consider their legal options. The firm is focused on the extent to which the company's alleged history of safety and care failures was concealed from the public, leading to an artificially inflated IPO price and subsequent investor losses. "Our investigation is focused on the fundamental disconnect between how KinderCare presented itself to investors in its IPO and the alleged reality of its operations. The lawsuit claims investors were sold on a promise of 'high-quality care' while being kept in the dark about a history of safety and neglect issues. We are focusing on whether this alleged failure to disclose key risks to the business and revenue streams constitutes a violation of the U.S. securities laws." If you invested in KinderCare 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 KinderCare case and our investigation, read more » Whistleblowers: Persons with non-public information regarding KinderCare 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 Also from this source |
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2025-10-03 01:30
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2025-10-02 20:33
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CoreWeave's Valuation Soars on Meta Partnership, But Is It Overheating? | stocknewsapi |
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CoreWeave just signed a $14 billion deal with Meta.
Few stocks are as directly exposed to artificial intelligence as CoreWeave (CRWV 0.72%). The AI cloud infrastructure company reinvented itself, transitioning from a crypto mining company by repurposing its GPUs to provide AI computing power to customers like Microsoft, Nvidia, and OpenAI. With the AI boom in full swing, that business model has led to jaw-dropping growth. In its second quarter, its revenue jumped 206% to $1.21 billion, showing how fast demand for its services is ramping up. Now, CoreWeave just got another shot in the arm as the stock jumped 12% on Tuesday after announcing another blockbuster deal, this time with Meta Platforms (META 1.30%). Image source: Getty Images. What's happening with CoreWeave and Meta? Meta is committing to spend up to $14.2 billion through 2032 on cloud computing capacity from CoreWeave, with an option to expand its commitment. The deal comes at a time when Meta has been ramping up its spending on AI, seeing it as a must-win for its future. In June, Meta acquired a 49% stake in Scale AI, a data-labeling start-up, and poached its CEO, Alexandr Wang, to run its new AI lab. On the same day that the CoreWeave news came out, Meta also announced that it's buying the chip start-up Rivos, which designs chips based on RISC-V architecture, an alternative to those used by leading CPU architecture designers Arm, Intel, and AMD. Rivos is also expected to help Meta build out full-stack AI systems. For CoreWeave, the deal builds on the earlier momentum it earned when it signed an expanded $6.5 billion agreement with OpenAI in September, bringing its total contract with OpenAI to $22.4 billion. The drumbeat of positive news for AI includes rival Nebius's $17 billion deal with Microsoft, Oracle's huge cloud computing forecast, and CoreWeave's own wins, including OpenAI, Meta, and a $6.3 billion deal with Nvidia, in which it will buy any of CoreWeave's unused capacity, effectively backstopping the company's growth. Those news items, and improving sentiment around CoreWeave, sparked a recovery in the stock last month. After falling by more than 50% from its peak in June, CoreWeave jumped more than 50% off its lows early in September. Is CoreWeave overvalued? CoreWeave is a challenging stock to value. The company is delivering phenomenal top-line growth, but it's also reporting huge losses. The company's business model is risky. It's borrowing billions of dollars to buy Nvidia GPUs and build out the infrastructure to provide next-generation AI computing. That high-interest debt has also led CoreWeave to pay significant interest expense, set to be above $1 billion this year, essentially preventing CoreWeave from turning a profit. For most stocks, to determine an appropriate valuation, you just look at the numbers. However, CoreWeave is in a class of its own. Given its growth rate, in which revenue is still tripling, the upside potential for the stock is tremendous, and conventional cloud computing businesses like Amazon Web Services and Microsoft Azure have shown how profitable cloud computing can be at scale. Rather than parsing the numbers for CoreWeave to determine whether the stock is overvalued, investors are better off considering the future of the AI boom. If the massive capex buildout continues, including on CoreWeave's infrastructure, the stock is a good bet to be a winner. At a market cap of $66 billion, the stock still has room to move higher. However, if the AI boom turns into a bubble and spending suddenly slows, CoreWeave is likely to plunge. While it's locked in multi-billion-dollar deals with the likes of Meta, the company will need more of those to turn profitable and justify its current valuation. Either way, expect the volatility in the stock to continue. Jeremy Bowman has positions in Amazon, Arm Holdings, Meta Platforms, and Nvidia. The Motley Fool has positions in and recommends Amazon, Intel, Meta Platforms, Microsoft, Nvidia, and Oracle. The Motley Fool recommends Nebius Group and recommends the following options: long January 2026 $395 calls on Microsoft, short January 2026 $405 calls on Microsoft, and short November 2025 $21 puts on Intel. The Motley Fool has a disclosure policy. |
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2025-10-03 01:30
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2025-10-02 20:36
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Bank Earnings in Focus as Q3 Earnings Season Takes Center Stage | stocknewsapi |
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Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Here are the key points: For 2025 Q3, total S&P 500 index earnings are expected to be up +5.5% from the same period last year on +6.1% higher revenues.The positive revisions trend makes the overall setup for the Q3 earnings season favorable, but it raises the odds of actual results coming up short of expectations. In other words, it is reasonable to worry whether expectations for the period are too high, particularly for the Tech and Finance sectors. For the Magnificent 7 group, Q3 earnings are expected to be up +12.1% from the same period last year on +14.7% higher revenues, which would follow the group’s +26.4% earnings growth on +15.5% revenue growth in the preceding period.For the 19 S&P 500 members that have recently reported quarterly results for their fiscal quarters ending in August (part of the Q3 tally), total earnings are up +11.9% from the same period last year on +7.2% higher revenue, with 73.7% beating EPS estimates and 78.9% beating revenue estimates.Bank Earnings Set to Give a Good Read on the EconomyJPMorgan (JPM - Free Report) , Wells Fargo (WFC - Free Report) , and Citigroup (C - Free Report) will kick off the September-quarter reporting cycle for the Finance sector before the market opens on Tuesday, October 14th. These stocks have been impressive performers lately, even after taking into account their weakness in recent days, as the chart below shows. Image Source: Zacks Investment Research There is justifiable optimism in the market about these banks’ business prospects. Loan demand is expected to accelerate, and the peak in delinquencies is now behind us. On the capital market’s front, deal pipelines are seen as steadily getting stronger, and trading activities remain robust. A favorable monetary policy and regulatory backdrop contribute to the positive narrative surrounding JPMorgan, Citigroup, Wells Fargo, and others in the space. On the other hand, there is uncertainty about the magnitude of moderation in economic growth resulting from the new tariff regime. Recent public commentary from management teams has broadly been positive, which has helped drive estimates higher for the group. But it will be hard for these stocks to sustain their recent positive momentum unless management teams are able to validate the market’s optimistic expectations. JPMorgan is expected to report $4.79 per share in earnings on $44.66 billion in revenues, representing year-over-year growth rates of +9.6% and +4.7%, respectively. Estimates for the period have steadily moved up, with the current $4.79 estimate up +2.1% over the past month and +6.7% over the past three months. Estimates for Citigroup and Wells Fargo have not increased by the same magnitude, but the revisions trend has nevertheless been positive for them as well. For the Zacks Finance sector as a whole, Q3 earnings are expected to increase by +10.1% from the same period last year on +5.8% higher revenues, as the chart below shows. Image Source: Zacks Investment Research The Earnings Big Picture Positive Q3 results and reassuring management commentary from these banks will help sustain the favorable revisions trend that has been in place lately. For 2025 Q3, the expectation is for earnings growth of +5.5% on +6.1% revenue gains. We have consistently shown in this space how Q3 estimates have steadily increased since the quarter began. A comparable trend has been at play with respect to estimates for the last quarter of the year, when S&P 500 earnings are expected to increase by +7.2% on +6.7% higher revenues. The chart below shows how Q4 estimates have evolved over the last couple of months. Image Source: Zacks Investment Research Some of the same sectors that have been enjoying a favorable revisions trend for Q3 are in play for Q4 as well, particularly the Tech, Finance, and Energy sectors. The chart below shows expectations for 2025 Q3 in terms of what was achieved in the preceding four periods and what is currently expected for the next three quarters. Image Source: Zacks Investment Research The chart below shows the overall earnings picture for the S&P 500 index on an annual basis. Image Source: Zacks Investment Research The aforementioned favorable revisions trend validates the market’s rebound from the April lows. However, the trend can only be sustained if Q3 earnings results and management guidance for Q4 and beyond confirm it. |
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