Market Signal Briefing

Partnership with leading all-in-one barbershop management and booking platform represents broader expansion into high-intent transactional environments including services, travel, hospitality March 12, 2026 08:30 ET  | Source: Fluent, Inc.

NEW YORK, March 12, 2026 (GLOBE NEWSWIRE) -- Fluent, Inc. (NASDAQ: FLNT), a leading provider of commerce media solutions, today announced a partnership with Squire, the leading all-in-one barbershop management and booking platform. This partnership builds on Fluent’s continued momentum outside of traditional retail environments, extending its relevance-first monetization model into appointment-based platforms where high-intent consumer engagement drives measurable performance.

Squire powers booking, payments, marketing, and business management tools for thousands of barbershops nationwide, facilitating millions of appointments each year. As a platform centered on recurring service transactions, Squire represents a differentiated commerce media environment activating confirmed booking moments that occur well beyond the ecommerce checkout. By applying a disciplined, experimentation-led framework across its growing partner network, Fluent enables platforms to maximize monetization while preserving brand integrity and user experience.

This partnership unlocks expanded placement opportunities across the Squire platform while reinforcing customer loyalty and long-term platform value — ensuring that monetization enhances, rather than disrupts, the booking experience. Building on its existing monetization strategy, Squire is partnering with Fluent to enhance revenue yield from post-booking engagement. By combining Fluent's large-scale experimentation capabilities and transparent bidding marketplace with Squire's highly engaged and differentiated audience, the collaboration will deliver timely, contextually aligned offers following appointment confirmations.

Central to this partnership is Squire's use of Fluent's Data Clean Room, built in partnership with Databricks, which enables the secure combination of Squire's rich first-party customer data with Fluent's proprietary identity graph and AI engine. Unlike session-based targeting that captures only a single moment in time, this integration draws on the full consumer relationship — layering purchase history, behavioral signals, and audience intelligence to deliver offers that are meaningfully relevant to each individual. The result is a smarter, more durable monetization model that compounds in value as the customer relationship deepens over time.

“Our focus has been on expanding commerce media into environments where intent is explicit and recurring,” said PJ Triboletti, SVP, Revenue at Fluent. “Appointment-based platforms like Squire represent a powerful next frontier of our Commerce Media business with deeply engaged audiences, and moments where relevance truly matters. This partnership strengthens our push beyond retail and into service-driven ecosystems.”

“As we continue to scale the Squire platform, it’s critical that any monetization strategy aligns with the premium experience we deliver to barbers and their clients,” said Dave Salvant, President and Co-founder at Squire. “Fluent’s approach allows us to expand post-booking engagement in a thoughtful, performance-driven way — creating incremental revenue opportunities while maintaining trust with our community.”

As commerce media continues to mature, appointment- and booking-based platforms like Squire demonstrate how Commerce Media Solutions can extend across the real-world economy connecting advertisers with consumers at meaningful moments of confirmed intent.

About Fluent, Inc.
Fluent, Inc. (NASDAQ: FLNT) is a commerce media solutions provider connecting top-tier brands with highly engaged consumers. Leveraging exclusive ad inventory, robust first-party data, privacy-first infrastructure, and proprietary machine learning, Fluent unlocks additional revenue streams for partners and empowers advertisers to acquire their most valuable customers at scale. Founded in 2010, Fluent uses its deep expertise in performance marketing to drive monetization and increase engagement at key touchpoints across the customer journey. For more insights, visit https://www.fluentco.com.

About Squire
SQUIRE is an AI-powered business management platform built for barbers and shop owners, combining custom-branded tools with intelligent automation and insights to remove the complexity of running a shop so you can focus on your craft & your community. Founded to modernize and elevate the barbershop industry, Squire provides tools for booking, payments, marketing, payroll, and operations, empowering barbershop owners to grow profitable, thriving businesses while delivering premium client experiences.

Forward-Looking Statements
This press release contains “forward-looking statements,” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipate,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Such forward-looking statements are subject to risks and uncertainties that are often difficult to predict, are beyond our control and which may cause results to differ materially from expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release. Readers are also advised to consider the factors under the heading “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K, as may be supplemented or amended by the Company’s Quarterly Reports on Form 10-Q and other SEC filings. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Contact Information
Investor Relations
Fluent, Inc.
[email protected]

BEIJING, March 12, 2026 (GLOBE NEWSWIRE) -- Global Mofy AI Limited (the “Company” or “Global Mofy”) (Nasdaq: GMM), a generative AI-driven technology solutions provider engaged in virtual content production and the development of 3D digital assets, today announced that the immersive digital exhibition hall project it developed for the Crescent Island Scenic Area in Haizhou District, Lianyungang, China, has been successfully completed and is now officially in operation.

The launch of the project also marks a milestone in Global Mofy’s collaboration with Lianyungang Cultural Tourism Group in the digital cultural tourism sector. Leveraging the immersive digital experience at Crescent Island as a demonstration scenario, the two parties plan to continue exploring new models for integrating digital technologies into cultural tourism.

The project commenced in July 2025, with overall delivery completed by the end of January 2026, and officially opened to the public on February 15, 2026. Through immersive visual storytelling, interactive technologies and digital content production, the exhibition hall digitally presents Crescent Island’s rich ecological resources and biodiversity, creating a cultural tourism space that integrates science education with immersive visitor experiences.

Crescent Island, located in Haizhou District of Lianyungang City in Jiangsu Province, is one of the region’s important ecological tourism destinations. Centered on ecological conservation and biodiversity education, the project utilizes immersive visual content and interactive digital scenes to illustrate the transformation of Crescent Island from a historical industrial site into a restored ecological wetland, while showcasing the area’s wetland ecosystem and bird habitats.

From a technical perspective, the exhibition hall integrates multi-surface surround projection systems and real-time interaction technologies to create an immersive digital environment. High-resolution multi-channel projection mapping extends natural ecological scenes across both wall and floor surfaces, forming a continuous visual landscape that surrounds visitors. In addition, the system incorporates infrared sensing and LiDAR (Light Detection and Ranging) - based interaction technologies, enabling real-time detection of visitors’ movements and gestures, allowing the digital environment to dynamically respond to user interactions.

In terms of content production, Global Mofy leveraged its extensive 3D digital asset library and virtual content production capabilities to construct detailed digital ecosystems, including wetland environments, plant communities and representative bird species. Through digital modeling, procedural animation and real-time rendering technologies, the project dynamically recreates ecological transformations, allowing visitors to experience the evolution of ecosystems and the vitality of natural life within an immersive environment.

Mrs. Wenjun Jiang, CTO of Global Mofy, commented: “Digital technologies are continuously transforming how cultural tourism experiences are presented. Through immersive content and interactive experiences, natural ecosystems, historical narratives and science education can be delivered in a more vivid and engaging way. Going forward, Global Mofy will continue to advance the application of generative AI and digital content technologies in cultural tourism, digital exhibitions and immersive experience spaces, further promoting the integration of culture and technology.”

The completion of this project further expands Global Mofy’s application of digital content technologies in cultural tourism exhibitions and public cultural spaces. As demand for immersive digital experiences continues to grow, the Company plans to further explore the use of AI technologies, 3D digital assets and virtual content production across museums, cultural tourism destinations and digital exhibition environments.

About Global Mofy AI Limited
Global Mofy AI Limited (Nasdaq: GMM) is a generative AI-driven technology solutions provider engaged in virtual content production, and the development of digital assets for the digital content industry. Utilizing its proprietary “Mofy Lab” technology platform, which consists of interactive 3D and artificial intelligence (“AI”) technology, the Company creates high-definition virtual versions of a wide range of physical world objects in 3D ranging from characters, objects to scenes and more. The digital assets can be used in different applications, including movies, TV series, AR/VR, animation, advertising, gaming, and more. Global Mofy Metaverse is one of the leading digital asset banks in China, which consists of more than 150,000 high-precision 3D digital assets. For more information, please visit www.globalmofy.ai or ir.globalmofy.cn.

Forward-Looking Statement
This press release contains forward-looking statements. 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, our ability to keep pace with new technology and changing market needs, and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. 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. 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:
Global Mofy AI Ltd.
Investor Relations Department
[email protected]

March 12, 2026 08:30 ET  | Source: CSW Industrials, Inc.

Investment Highlights

Strategic expansion in the fast-growing HVAC/R ductless application: Capital investment of $21 million for acquisition of Duckt-Strip®, a differentiated electrical cable for HVAC Mini-Split systemsStrong Fit with Contractor Solutions broad distribution network: Creating immediate opportunity to scale and accelerate product growth, supported by our role as master distributor since September 2022Attractive, disciplined economics: Acquisition valued at approximately 7.0x trailing twelve-months’ EBITDA and expected to be accretive to earnings per share in the first full year of ownershipFocused Investment in HVAC/R Technology: $4.8 million incremental minority investment in Flair, a HVAC controls company with a dedicated smart grille, register & diffuser product lineConsistent capital allocation strategy: $1.0 billion+ of cumulative acquisition capital investment in fiscal year 2026 DALLAS, March 12, 2026 (GLOBE NEWSWIRE) -- CSW Industrials, Inc. (NYSE: CSW) today announced the strategic acquisition of Duckt‑Strip®, a differentiated, code‑compliant electrical cable solution purpose‑built for HVAC mini‑split installations. The transaction strengthens CSW’s Contractor Solutions segment by expanding its offering in the HVAC/R ductless application while leveraging the Company’s national distribution platform to accelerate growth and margin expansion. In addition, CSW recently made an additional $4.8 million minority investment in Flair, following our October 2024 $2 million initial investment. CSW funded the transactions with cash on hand and borrowings under its existing $700 million revolving credit facility.

Joseph B. Armes, Chairman, President, and Chief Executive Officer of CSW Industrials, said, “The acquisition of Duckt‑Strip is a strong strategic fit within our Contractor Solutions segment. It adds an exclusive, high‑value product that aligns with our focus on innovation, disciplined capital deployment, and long‑term shareholder value creation. This acquisition, along with the Flair minority investment, reflects our continued confidence in deploying capital into the HVAC/R space, especially for faster growing segments such as ductless, while investing in value‑added businesses where we can leverage our scale and execution capabilities.”

Jeff Underwood, Senior Vice President of CSW and General Manager, Contractor Solutions, commented, “CSW has been a trusted partner and master distributor of Duckt‑Strip since September 2022, and bringing this product into the CSW family allows us to meaningfully accelerate its growth. With our national distribution footprint and deep relationships across HVAC channels, we see clear opportunities to expand market reach, improve service levels, and drive margin enhancement while continuing to innovate for contractors and distributors. Since 2024, our master distribution relationship with Flair has supported the development of industry-leading products, strengthened distribution capabilities, and streamlined operations. We look forward to further advancing profitability, platform expansion, and innovation.”

Duckt‑Strip is differentiated from other ductless power & communication cables due to its Rip‑n‑Strip™ technology that integrates all required conductors into a single cable that meets UL standards and enables installers to quickly install cabling. Additionally, by insulating power and communications, it minimizes the chance of cross-talk impacting ductless unit performance, which can occur when common tray cable is used for ductless applications.

The $21 million of capital for the acquisition of Duckt-Strip, represents a valuation of approximately 7.0x Duckt-Strip’s trailing twelve-month adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), consistent with CSW’s disciplined approach to capital allocation and focus on value-enhancing acquisitions.

Flair has developed a suite of innovative HVAC/R control products, including smart grilles, register & diffusers (GRDs), as well as ductless thermostat controls. Its products allow for room-level temperature control technology at an affordable cost while aiding with meaningful energy savings. It has developed a full suite of professional grade products that serve as the operating system of the HVAC unit, ensuring that connected devices work effectively with the HVAC unit.

Safe Harbor Statement
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations, and financial performance and condition.

The forward-looking statements included in this press release are based on our current expectations, projections, estimates, and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.

About CSW Industrials
CSW Industrials is a diversified industrial growth company with industry-leading operations in three segments: Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions. CSW provides niche, value-added products with two essential commonalities: performance and reliability. The primary end markets we serve with our well-known brands include: HVAC/R, plumbing, electrical, general industrial, architecturally-specified building products, energy, mining, and rail transportation. For more information, please visit www.csw.com. 

Investor Relations

Alexa Huerta
Vice President, Investor Relations, & Treasurer
214-489-7113
[email protected]

AUSTIN, Texas--(BUSINESS WIRE)---- $HYFT #ai--MindWalk Holdings Corp. (Nasdaq: HYFT), a Bio-Native AI company focused on biologics discovery and AI-driven drug development, today reported financial results for the third quarter of fiscal year 2026, ended January 31, 2026. MindWalk will host its Q3 Fiscal 2026 Earnings Call today at 10:30 AM Eastern Time. Revenue for Q3 was $4.2 million, a 52 percent increase from $2.7 million in Q3 fiscal 2025, marking MindWalk's third consecutive quarter of year-over-year r.

Protein Biomarkers May Play an Important Role in Overcoming Limitations of Circulating Tumor DNA for Screening Early-Stage Cancers March 12, 2026 08:31 ET  | Source: 20/20 Biolabs Inc.

GAITHERSBURG, M.D., March 12, 2026 (GLOBE NEWSWIRE) -- 20/20 BioLabs (Nasdaq: AIDX), an early market entrant in cutting-edge, AI powered laboratory-based blood tests for the early detection and prevention of cancers and chronic diseases, today provided an update on its patented protein tumor marker (PTM) based, machine learning (ML) derived multi-cancer early detection (MCED) methodology in the wake of several recent studies suggesting the expected value of this approach for earlier stage detection compared to stand-alone circulating tumor DNA (ctDNA) based MCEDs.

As population-scale cancer screening studies continue to generate trial data and real-world evidence, the medical community, consumers, investment community, and scientific experts are increasingly focused on which MCEDs and biomarker modalities are best suited to detect cancers early enough to meaningfully change patient outcomes. Results reported in February 2026 from a large-scale ctDNA-based MCED study conducted in the U.K. has prompted broader discussion about the biological limitations of circulating tumor DNA as first-line screening tests for early-stage disease.

Generally, for MCED tests to be clinically meaningful, they must detect cancer early enough to change outcomes. Among other things, this requires biomarkers that are present and detectable before tumors shed sufficient DNA into the bloodstream. Circulating tumor DNA (ctDNA)-based tests, while valuable in detecting advanced disease, face a fundamental biological constraint: in early-stage cancers, where tumor burden is low, DNA shedding is often intermittent or absent. As a result, ctDNA signals may only become reliably detectable after disease has progressed beyond the window of greatest clinical impact.

“The U.K. trial confirms that MCED blood testing can meaningfully shift the stage of cancer diagnosis. However, it also underscores that detecting the earliest cancers remains a fundamental biological challenge for ctDNA-based tests, as cancer biology does not begin with DNA fragment release in the bloodstream,” said Michael Lebowitz, Ph.D., Chief Scientific Officer of 20/20 BioLabs. “A scalable future for population screening will likely combine technologies, with sensitive protein biomarkers identifying risk earlier and genomic assays providing confirmatory precision.”

Studies published by 20/20 Biolabs and several independent research groups in the U.S. and Asia over the past 10 months add to the growing body of evidence that our company’s patented multi-cancer testing approach may help overcome many of the limitations of ctDNA for earlier stage detection:

In May 2025 20/20 Biolabs presented data on the sensitivity of its OneTest for Cancer (Premium version) at the annual meeting of the U.S. National Cancer Institute’s (NCI) Early Detection Research Network (EDRN), demonstrating detection rates for early-stage cancers as high as 50% for some tumor types — including pancreatic and ovarian cancers — from a pre-diagnostic (asymptomatic) population using a blinded cohort supplied by the NCI. (EDRN Poster May 2025)Additional support for using protein tumor markers comes from a large, multicenter validation study published in Nature’s Precision Oncology in October 2025, which evaluated an AI enhanced blood test integrating seven well established protein tumor markers (6 of which are part of OneTest) across more than 15,000 participants from seven centers in three countries (USA, China, and Brazil). The study demonstrated consistent cancer signal detection across diverse populations, with measurable sensitivity even in Stage I disease and progressively higher detection rates as cancers advanced.In a blinded validation study published in November 2025, investigators at MD Anderson Cancer Center reported that a protein based multicancer test—with most of the same biomarkers measured in OneTest (Standard version)—identified nearly 90% of early stage lung cancers and flagged multiple other cancers a median of 12–21 months prior to diagnosis, supporting the sensitivity of protein tumor markers during early oncogenesis. These recent reports build upon hundreds of studies over several decades showing the sensitivity of PTMs for early-stage detection of many different tumor types, especially following repeat (serial) testing. This evolving evidence reinforces the scientific and commercial rationale for large scale screening first with its protein biomarker-based OneTest for Cancer test prior to considering the more costly ctDNA tests or advanced imaging platforms.

“Given the higher sensitivity of protein-based tests for Stage I and II cancers, a tiered approach in which protein-based tests like OneTest serve as the initial screening step makes sense,” suggests Dr. Lebowitz. “Individuals identified by protein-based tests to be at mild risk can then be directed into ctDNA-based testing within a 3–6-month window, when ctDNA signals are more likely to be present. We believe those deemed at higher risk by protein–based tests are likely better served by moving directly to imaging studies. This tiered, or multi-step, approach is likely to yield the best outcomes and the lowest costs.”

Results from the ctDNA MCED trails in the U.K. come shortly after Congress passed legislation in February 2026 to create a pathway for Medicare coverage of MCEDs beginning in 2028.

“The reimbursement opportunity created by the new legislation is an important step forward for cancer screening access,” said Jonathan Cohen, CEO of 20/20 BioLabs. “As coverage decisions are made, we believe the science supports a broader view of MCED — one that includes protein-based technologies that have demonstrated meaningful early-stage detection. We are committed to continuing to build the evidence base and to working with policymakers, regulators, and payers to ensure that the most meaningful and cost-effective screening tools are readily available to Americans.”

About 20/20 BioLabs

20/20 BioLabs, Inc. (Nasdaq: AIDX) develops and commercializes AI-powered, laboratory-based blood tests for the early detection and prevention of cancers and chronic diseases. The company offers two families of lab tests under the OneTest brand. OneTest™ for Cancer is a multi-cancer early detection, or MCED, blood test, and OneTest for Longevity, which measures inflammatory biomarkers, expected to launch in the first half of 2026. OneTest’s affordable, accurate, actionable tests can be conveniently accessed at home using new, upper arm collection devices that avoid painful needles. Tests are run in its College of American Pathologists (CAP) accredited, Clinical Laboratory Improvement Amendments (CLIA) licensed laboratory in Gaithersburg, MD.

20/20 BioLabs’ pioneering Clinical Laboratory Innovation Accelerator, or CLIAx, is a shared CLIA laboratory for overseas diagnostics start-ups seeking to launch novel lab tests in the US without the expense of establishing and operating their own, independent lab. The Company’s legacy business also includes a pioneering field test kit for screening suspicious powders for bioterror agents known as BioCheck. For more information visit 2020biolabs.com.

Forward-Looking Statements

Certain statements in this release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that it believes may affect its financial condition, results of operations, business strategy, and financial needs. Forward-looking statements can be identified by words such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project,” “continue,” or the negative of these terms or other comparable expressions. Actual results may differ materially from those expressed or implied by such forward-looking statements. A number of factors could cause actual results to differ materially from those contained in these forward-looking statements, including, but not limited to, the risks described in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), available on the SEC’s website at www.sec.gov, including the Company’s Registration Statement on Form S-1, as amended (File No. 333-292125), as well as in our other reports filed or furnished from time to time with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur after the date of this release or to reflect the occurrence of unanticipated events, except as required by applicable law. Although the Company believes the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee future results, and investors are cautioned that actual outcomes may differ materially from those anticipated.

Investor Relations 
Chris Tyson
MZ Group
Direct: 949-491-8235
[email protected]

NEW YORK and MIAMI, March 12, 2026 (GLOBE NEWSWIRE) -- House of Doge, the official corporate arm of the Dogecoin Foundation, along with merger partner Brag House Holdings (NASDAQ:TBH) today shared commentary from CEO Marco Margiotta on the accelerating convergence of traditional finance and digital payments and how the company is positioning Dogecoin’s massive community to participate in this shift.

Crypto-linked debit card spending has reached an $18 billion annualized run rate1, growing more than 15× since 2023, signaling a major shift toward real-world crypto usage. This has been supported by global payment networks and widespread merchant acceptance. Industry research suggests crypto card spending now rivals peer-to-peer stablecoin transfers in scale, underscoring that digital assets are increasingly being used for everyday consumer purchases rather than remaining confined to trading and wallet-to-wallet activity.

“Cards are the bridge between digital currency and everyday life,” said Marco Margiotta, CEO of House of Doge. “When digital assets can be spent anywhere traditional cards are accepted, adoption accelerates dramatically. This is the moment where crypto moves from speculation to real-world utility.”

Momentum in the category is also being reinforced by major global payment networks. Visa said it supports more than 130 stablecoin-linked card issuing programs across more than 40 countries2, while Mastercard says its crypto card programs enable spending across more than 150 million acceptance locations3 and has launched a new Crypto Partner Program with more than 85 industry leaders4. Together, these developments suggest crypto-linked cards are evolving from a niche product into a more established part of the global payments landscape.

Bridging Dogecoin with card based payments would activate one of the world’s most popular digital currencies everywhere, instantly. “Rather than rebuilding the financial system from scratch, we are working towards integrating Dogecoin into the rails that already connect millions of merchants and billions of consumers worldwide. Partnerships allow us to lower development costs, reduce regulatory friction, and dramatically accelerate time to market.”

“The fastest path to adoption is meeting users where they already are,” Margiotta added. “That means wallets, cards, mobile payments, and global payment networks. Consumers won’t think in terms of crypto or fiat—they’ll simply pay. Our goal is to make Dogecoin part of that seamless experience.”

As digital asset spending continues to grow, House of Doge sees a significant opportunity to help bridge traditional finance and the next generation of internet-native money.

About House of Doge
House of Doge is the official corporate arm of the Dogecoin Foundation, committed to advancing Dogecoin ($DOGE) as a widely accepted and decentralized global currency. By investing in the infrastructure needed to bring Dogecoin into everyday commerce, House of Doge is building secure, scalable, and efficient systems for real-world use. From payments and financial products to real-world asset tokenization and cultural partnerships, House of Doge is leading the next era of crypto utility, where Dogecoin goes beyond the meme and fulfills its mission of Doing Only Good Everyday on a global scale.

About Brag House
Brag House is a leading media technology gaming platform dedicated to transforming casual college gaming into a vibrant, community-driven experience. By seamlessly merging gaming, social interaction, and cutting-edge technology, the Company provides an inclusive and engaging environment for casual gamers while enabling brands to authentically connect with the influential Gen Z demographic. The platform offers live-streaming capabilities, gamification features, and custom tournament services, fostering meaningful engagement between users and brands. For more information, please visit www.braghouse.com.

Media Contacts

House of Doge
Angela Gorman
Communications Director
Email: [email protected]
Tel: (917) 348-0083

Brag House Holdings
Fatema Bhabrawala
Director of Media Relations
[email protected]

Investor Relations Contact
Brag House Holdings
Adele Carey
VP, Investor Relations
[email protected]

_______________________________________________________
1 https://www.coindesk.com/business/2026/01/16/crypto-card-spending-hits-usd18-billion-annualized-as-stablecoin-use-shifts-to-everyday-payments
2 https://s1.q4cdn.com/050606653/files/doc_financials/2025/q4/CORRECTED-TRANSCRIPT_-Visa-Inc-V-US-Q4-2025-Earnings-Call-28-October-2025-5_00-PM-ET.pdf?utm_source=chatgpt.com
3 https://www.mastercard.com/us/en/business/payments/consumer-payments/next-gen-payments/digital-asset-solutions/crypto-card-program.html
4 https://www.mastercard.com/us/en/news-and-trends/stories/2026/mastercard-crypto-partner-program.html

, /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS) today announced the successful launch of its proprietary AI-driven intelligent migration solution. Designed to transition legacy COBOL systems to Java, this solution represents a significant advancement in the digital transformation of retail banking and core banking infrastructures.

The Evolution of COBOL in Modern Finance

Since its inception in the 1960s, COBOL (Common Business-Oriented Language) has served as the backbone of global financial transaction systems. Valued for its stability and efficient processing capabilities, COBOL continues to power critical operations for thousands of financial institutions, including account administration, payment clearing, and credit services.

However, the banking industry currently faces a "COBOL Cliff." As the global pool of COBOL-literate programmers shrinks and maintenance costs for mainframe environments rise, institutions are increasingly hindered by their inability to integrate with modern cloud-native and AI-driven ecosystems. In contrast, Java offers a high-performance, object-oriented framework that provides the cross-platform compatibility and extensive library support essential for modern, scalable financial applications. Efficiently and safely migrating these mission-critical systems to modern stacks has become a strategic priority for the global banking sector.

Two Decades of Domain Expertise

Since 2005, CLPS has specialized in the maintenance, upgrade, and modernization of COBOL-based core banking systems. This long-standing focus has enabled the Company to develop an understanding of the complex business logic and regulatory requirements inherent in core banking ecosystem. This deep-rooted expertise positions CLPS as a preferred partner for financial institutions navigating complex technological shifts.

Synergy of Human Insight and Artificial Intelligence

In an era of AI advancement, CLPS maintains a clear philosophy: AI is a powerful force multiplier, but the core value remains centered on human expertise.

The Company firmly believes that by integrating the deep domain expertise of its senior technical experts with the high-efficiency processing capabilities of AI, it can leverage established industry foundations to achieve transformative innovation. Grounded in this strategic approach, CLPS has launched an AI-powered intelligent migration solution spearheaded by its internal expert team. Utilizing Large Language Models (LLMs), the solution employs a semantic understanding and cross-language conversion mechanism tailored specifically for financial systems. It integrates a full-cycle efficient development and verification process to achieve high-precision restoration of COBOL business logic.

Key technical features of the solution include:

Reduced Resource Dependency: The AI-assisted framework significantly minimizes the demand on the client's internal resources during the migration process. Knowledge Graph Construction: For "black-box" legacy systems lacking documentation, the team utilizes static analysis and dynamic tracing to reconstruct business rules. Successful Proof-of-Concept and Market Outlook

CLPS recently achieved a milestone by completing a Proof-of-Concept (PoC) for a major bank in Hong Kong. The project demonstrated AI-enabled migration could rapidly and accurately convert COBOL code to Java while maintaining complete system stability and core logic integrity. This achievement not only showcases the immense potential of AI in core system modernization but also further solidifies CLPS's leading position in this domain.

Mr. Raymond Lin, Chief Executive Officer of CLPS, stated: "This business segment represents a substantial market opportunity. By synthesizing two decades of banking domain expertise with cutting-edge AI tools, we are providing a scalable pathway for financial institutions to lower operational overhead and accelerate their digital transformation. We believe this solution will be a key growth engine for CLPS as we help our clients navigate the complexities of legacy system modernization."

About CLPS Incorporation

CLPS Incorporation (NASDAQ: CLPS), established in 2005 and headquartered in Hong Kong, is at the forefront of driving digital transformation and optimizing operational efficiency across industries through innovations in artificial intelligence, cloud computing, and big data. Our diverse business lines span sectors including fintech, payment and credit services, e-commerce, education and study abroad programs, and global tourism integrated with transportation services. Operating across 10 countries worldwide, with strategic regional hubs in Shanghai (mainland China), Singapore (Southeast Asia), and California (North America), and supported by subsidiaries in Japan and the UAE, we provide a robust global service network that empowers legacy industries evolve into data-driven, intelligent ecosystems. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, Instagram, LinkedIn, X (formerly Twitter), and YouTube.

Forward-Looking Statements

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company's expectations of the Company's future growth, performance and results of operations, the Company's ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company's most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contact:

CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: [email protected]

SOURCE CLPS Incorporation

DUBLIN, Ohio, March 12, 2026 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (Nasdaq: AIRE) (the “Company” or “reAlpha”), an AI-powered real estate technology company, today announced financial results for the quarter and full year ended December 31, 2025.

Full Year Financial Highlights

(All figures are approximate and compared to FY 2024 unless otherwise stated)

Revenue increased 376% to $4.5 million, compared to $0.9 million in FY 2024. The increase was driven primarily by increased revenue from mortgage brokerage transactions from reAlpha Mortgage, subscription fees from AiChat’s AI conversational technologies, and revenues generated from Prevu’s real estate services following its acquisition in November 2025.Gross profit increased to $2.5 million, compared to $0.6 million in FY 2024. Gross profit margin decreased from 68% to 54%, a decrease of 14 percentage points, primarily reflecting revenue mix and operating costs associated with scaling brokerage and mortgage services.Cash and cash equivalents increased 149% to $7.8 million as of December 31, 2025, compared to $3.1 million as of December 31, 2024.Adjusted EBITDA was $(13.7) million, reflecting strategic investments across the organization to support platform scaling and long-term growth. Key drivers included the expansion of the Company's leadership team and workforce to support multi-state operations; increased marketing and brand investment, including the utilization of the Mercurius Media marketing credits for branding and promotional campaigns; professional, legal, and integration costs associated with acquisition and capital markets activity; continued investment in AI capabilities, enterprise technology tools, and platform infrastructure; the buildout of mortgage operations leadership and real estate advisory resources; and the impact of operating expenses from businesses acquired during the year.Total Transaction Volume increased 203% to $116.1 million, compared to $38.7 million in FY 2024. Total Transaction Volume reflects the aggregate dollar value of transactions generated across brokerage, mortgage, and title services during the trailing twelve month period.During FY 2025, the Company strengthened its capital structure, generating $17.3 million in proceeds from the exercise of warrants. If exercised, the remainder of the warrants would generate an additional $4.6 million. “2025 was a year of strong growth and balance sheet progress,” said Thomas Kutzman, Chief Financial Officer of reAlpha. “Revenue increased 376% year over year to $4.5 million as we expanded our homebuying platform. During 2025, we raised approximately $25.5 million in gross proceeds through equity-linked financing activities to support operations and execute our strategy. We ended the year with $7.8 million in cash and no remaining balance on the Streeterville note, which materially improved our financial flexibility. As we move into 2026, our focus is on growth, greater geographic alignment of our homebuyer services, and building operating leverage as we scale.”

Fourth Quarter Financial Highlights

(All figures are approximate and compared to Q4 2024 unless otherwise stated; quarterly figures are unaudited)

Revenue increased 70% year over year to $0.9 million, compared to $0.5 million in the Q4 2024, driven primarily by increased revenue from mortgage brokerage transactions, subscription fees from AiChat’s AI conversational technologies, and revenues generated from Prevu’s realty services following its acquisition.Gross profit increased to $0.6 million, up from $0.4 million in Q4 2024. Gross margin decreased from 69% to 63%, a decrease of 6 percentage points, primarily reflecting a higher contribution from real estate and mortgage operations, which carry lower gross margins due to higher direct cost of services compared to AiChat's AI conversational technology services.Cash and cash equivalents ended the quarter at approximately $7.8 million, compared to $3.1 million in Q4 2024, reflecting strengthened liquidity following capital raises and warrant exercises during FY 2025.Adjusted EBITDA was $(3.8) million, compared to $(2.0) million in Q4 2024, primarily reflecting the absorption of operating expenses from businesses acquired during the year, use of Mercurius Media marketing credits, continued investment in leadership and workforce expansion, and increased technology spend to support platform growth.Net loss was $(4.8) million, compared to $(21.0) million in Q4 2024.
Business Highlights

Acquired Prevu and signed a definitive agreement to acquire InstaMortgage to deepen vertical integration. Prevu expanded brokerage operations across 12 states plus Washington, D.C.; the proposed InstaMortgage transaction, if consummated, is intended to add direct mortgage lending capabilities and further reduce friction across the homebuying journey.Expanded licensed footprint across 35 states and Washington, D.C., strengthening the Company’s ability to capture multiple revenue streams within a single homebuying transaction. reAlpha holds real estate brokerage licenses in 13 states and Washington, D.C., mortgage brokerage licenses in 31 states, and title agency licenses in 3 states. While full three-service integration is currently active in Florida and Virginia, the broader licensed footprint creates a foundation to systematically expand platform adoption and increase revenue capture per transaction over time.Advanced reAlpha’s AI-enabled homebuying experience with Claire and proprietary AI infrastructure. Claire is the Company’s customer-facing digital homebuying assistant, complemented by licensed professionals; internal assistants including the AI Loan Officer Assistant and AI Engagement Agent are designed to automate portions of intake, scheduling, document workflows, and borrower communication to improve execution speed and reduce manual effort.Strengthened the balance sheet by raising capital through equity offerings, warrant exercises and at-the-market offering sales, and eliminating secured parent-level debt. During fiscal 2025, the Company raised approximately $25.5 million in gross proceeds through these transactions and repaid the secured promissory note issued to Streeterville. As a result, secured parent-level debt was eliminated and financial flexibility improved.Unified mortgage operations under the reAlpha Mortgage brand and aligned CRM systems across brokerage and mortgage operations. During 2025, the Company unified mortgage operations under a single brand and worked to align customer communication and workflow management across brokerage and mortgage functions to support a more coordinated end-to-end platform experience.Simplified the customer rebate program in mid-January 2026 to improve clarity and transparency. Under the current commission rebate structure, eligible homebuyers can receive a rebate of up to 1.0% of the home purchase price when using realty services and an additional rebate of up to 0.5% when bundling mortgage brokering services with realty services, subject to terms and conditions. The rebate is paid as a credit toward closing costs and reflected on the settlement statement at closing. “I’m proud of how our team executed in 2025. We did not just grow revenue, we expanded the platform, integrated brokerage and mortgage more tightly, and strengthened the operating foundation of the business,” said Mike Logozzo, Chief Executive Officer of reAlpha. “reAlpha offers the full homebuying transaction across real estate, mortgage, and title. That alignment creates multiple revenue streams per customer and a structurally lower cost model in markets where we offer a rebate. We believe we are uniquely positioned to deliver a better service experience while helping buyers keep more of their money at closing. In a multi-trillion dollar residential real estate market that we believe is still largely fragmented, we see a clear opportunity to deliver a more coordinated homebuying experience and return meaningful savings to the buyer.”

Fiscal Year 2025 Earnings Conference Call

reAlpha will host a live X Spaces event to discuss its fourth quarter and full year 2025 financial results and outlook on Friday, March 13, 2026 at 12:00 p.m. ET. Members of the Company’s executive leadership team will provide prepared remarks and respond to questions regarding the Company’s performance, strategic initiatives and growth outlook.

The live audio event will be open to the public and accessible at https://x.com/i/spaces/1AKEmOvraZlKL via the Company’s official X account. Participants are encouraged to join the event a few minutes prior to the scheduled start time. A replay of the discussion will be available following the conclusion of the event.

Additional materials, if any, will be posted in the “Events” section of the Company’s Investor Relations website at ir.realpha.com.

About reAlpha Tech Corp.

reAlpha Tech Corp. (Nasdaq: AIRE) is an AI-powered real estate technology company that aims to transform the multi-trillion-dollar U.S. real estate services market. reAlpha is developing an end-to-end platform that streamlines real estate transactions through integrated brokerage, mortgage, and title services. With a strategic, acquisition-driven growth model and proprietary AI infrastructure, reAlpha is building a vertically integrated ecosystem designed to deliver a simpler, smarter, and more affordable path to homeownership. For more information, visit www.realpha.com.

Forward-Looking Statements

The information in this press release includes “forward-looking statements.” Any statements other than statements of historical fact contained herein, including statements by reAlpha’s Chief Executive Officer, Mike Logozzo, and reAlpha’s Chief Financial Officer, Thomas Kutzman, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; the health of the U.S. residential real estate industry and changes in general economic conditions; reAlpha’s ability to pay contractual obligations; reAlpha’s liquidity, operating performance, cash flow and ability to secure adequate financing; reAlpha’s ability to regain compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) and maintain compliance with all Nasdaq listing rules; reAlpha’s ability to regain compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2); reAlpha's ability to generate additional sales or revenue from having access to, or obtaining, additional U.S. states brokerage licenses; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to commercialize its developing AI-based technologies; reAlpha’s ability to integrate the business of its acquired companies into its existing business and the anticipated demand for such acquired companies’ services; reAlpha’s ability to successfully enter new geographic markets and to scale its operational capabilities to expand into additional geographic markets and nationally; the potential loss of key employees of reAlpha and of its subsidiaries; the outcome of certain outstanding legal proceedings or any legal proceedings that may be instituted against reAlpha; reAlpha’s ability to obtain, and maintain, the required licenses to operate in the U.S. states in which it, or its subsidiaries, operate in, or intend to operate in; the inability to maintain and strengthen reAlpha’s brand and reputation; reAlpha’s ability to enhance its operational efficiency, improve cross-functional coordination and support the reAlpha platform’s continued growth through the implementation of new internal processes and initiatives, including upgrades thereto; reAlpha’s ability to continue attracting loan officers and maintain its relationship with its REALTOR® affiliate to expand its operations nationally; any accidents or incidents involving cybersecurity breaches and incidents; the availability of rebates, which may be limited or restricted by state law; risks specific to AI-based technologies, including potential inaccuracies, bias, or regulatory restrictions; risks related to data privacy, including evolving laws and consumer expectations; the inability to accurately forecast demand for AI-based real estate-focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; reAlpha’s ability to obtain additional financing or access the capital markets on acceptable terms and conditions in the future; changes in applicable laws or regulations, including with respect to the real estate market, AI and AI technologies, and the impact of the regulatory environment and complexities with compliance related to such environment; reAlpha’s ability to effectively compete in the real estate and AI industries; and other risks and uncertainties indicated in reAlpha’s filings with the U.S. Securities and Exchange Commission (the “SEC”). Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Media Contact:

Cristol Rippe, Chief Marketing Officer

[email protected]

Investor Relations Contact:

Adele Carey, VP of Investor Relations

[email protected]

reAlpha Tech Corp. and Subsidiaries
Consolidated Balance Sheet
For the Years Ended December 31, 2025 and 2024
              December 31,
2025 December 31,
2024 ASSETS        Current Assets       Cash $7,783,529 3,123,530 Accounts receivable, net  68,148 182,425 Receivable from related parties  - 12,873 Prepaid expenses  961,411 180,158 Current assets of discontinued operations  - 56,931 Other current assets  362,293 487,181 Escrow deposit  600,000 - Total current assets $9,775,381 4,043,098        Property and Equipment, at cost      Property and equipment, net $64,626 102,638        Other Assets      Investments  111,646 215,000 Other long-term assets  - 31,250 Intangible assets, net  4,306,553 3,285,406 Goodwill  7,459,125 4,211,166 Capitalized software development - work in progress  - 105,900 TOTAL ASSETS $21,717,331 11,994,458        LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY (DEFICIT)             Current Liabilities      Accounts payable $306,216 655,765 Related party payables  5,654 9,287 Short term loans - related parties - current portion  86,585 261,986 Short term loans - unrelated parties - current portion  209,601 519,153 Accrued expenses  660,577 1,164,813 Deferred liabilities - current portion  1,960,850 1,255,525 Deferred revenue  396,227 278,908 Total current liabilities $3,625,710 4,145,437        Long-Term Liabilities      Preferred stock embedded derivative liability  4,574,980 - Other long-term loans - related parties - net of current portion  - 45,052 Other long-term loans - unrelated parties - net of current portion  88,411 241,121 Note payable, net of discount  - 4,909,376 Deferred consideration - net of current portion  561,740 - Contingent consideration  344,877 1,086,000 Total liabilities $9,195,718 10,426,986        Mezzanine Equity      Redeemable Series A Convertible Preferred Stock, $0.001 par value; 5,000,000 shares authorized, of which 1,000,000 shares are designated as Series A Convertible Preferred Stock; 250,000 and 0 shares issued and outstanding as of December 31, 2025 and 2024, respectively.  1,020,377 - Stockholders’ Equity (Deficit)      Common stock ($0.001 par value; 200,000,000 shares authorized, 131,740,675 shares outstanding as of December 31, 2025; 200,000,000 shares authorized, 45,864,503 shares outstanding as of December 31, 2024)  131,741 45,865 Additional paid-in capital  67,466,893 39,770,060 Accumulated deficit  (55,980,534)(38,260,913)Accumulated other comprehensive (loss) income  (127,889)5,011 Total stockholders’ equity of reAlpha Tech Corp.  11,490,211 1,560,023        Non-controlling interests in consolidated entities  11,025 7,449 Total stockholders’ equity  11,501,236 1,567,472        TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY $21,717,331 11,994,458  reAlpha Tech Corp. and Subsidiaries
Consolidated Statements of Operations and Comprehensive (Loss) Income
For the Years Ended December 31, 2025 and 2024
      For the Year Ended   December
31,
2025  December
31,
2024        Revenues $4,518,498  $948,420 Cost of revenues  2,067,060   302,084 Gross Profit  2,451,438   646,336          Operating Expense        Wages, benefits and payroll taxes  6,506,553   2,841,591 Marketing and advertising  5,946,514   793,004 Professional and legal fees  3,273,947   2,124,946 Depreciation and amortization  543,170   282,095 Impairment of capitalized software  220,016   202,968 Other operating expense  1,968,196   1,304,346 Total operating expense  18,458,396   7,548,950          Operating Loss  (16,006,958)  (6,902,614)         Other Expense (income)        Changes in fair value of contingent consideration  (604,123)  - Interest expense, net  814,727   333,759 Change in fair value of preferred stock embedded derivative liability  456,325   - Loss on debt extinguishment  438,834   - Amortization of commitment fee  406,250   500,000 Other expense, net  71,421   601 Total other expense  1,583,434   834,360          Net Loss from continuing operations before income taxes  (17,590,392)  (7,736,974)Income tax (expense) benefit  -   54,260          Net Loss from continuing operations  (17,590,392)  (7,682,714)         Discontinued operations (Roost and Rhove)        Loss from operations of discontinued operations  -   (261,242)Impairment of goodwill and intangible assets of discontinued operations  -   (18,078,393)Loss on discontinued operations $-  $(18,339,635)         Net Loss $(17,590,392) $(26,022,349)         Less: Net Income Attributable to Non-Controlling Interests  3,576   679          Net Loss Attributable to Controlling Interests $(17,593,968) $(26,023,028)         Preferred stock dividends  122,877   - Net Loss Attributable to Common Stockholders $(17,716,854) $(26,023,028)Other comprehensive (loss) income        Foreign currency translation adjustments  (132,900)  5,011 Total other comprehensive (loss) income  (132,900)  5,011          Comprehensive Loss Attributable to Controlling Interests $(17,849,745) $(26,018,017)         Basic loss per share        Continuing operations $(0.23) $(0.17)Discontinued operations $-  $(0.41)Net Loss per share — basic $(0.23) $(0.58)         Diluted loss per share        Continuing operations $(0.23) $(0.17)Discontinued operations $-  $(0.41)Net loss per share — diluted $(0.23) $(0.58)         Weighted-average outstanding shares — basic  76,316,926   44,631,577          Weighted-average outstanding shares — diluted  76,316,926   44,631,577  reAlpha Tech Corp. and Subsidiaries
Consolidated Statements of Cash Flows
For the Years Ended December 31, 2025 and 2024                For the Year Ended   December
31,
2025  December
31,
2024 Cash Flows from Operating Activities:      Net loss $(17,590,392) $(26,022,349)Adjustments to reconcile net loss to net cash used in operating activities:        Depreciation and amortization  543,170   466,691 Impairment of capitalized software  220,016   145,746 Impairment of goodwill and intangible assets  -   18,280,947 Amortization of loan discounts  545,624   181,875 Common stock issued to non - employee  2,526   - Stock-based compensation - employees  859,950   207,453 Stock-based compensation - services  -   108,730 Change in fair value of contingent consideration  (604,123)  - Loss on extinguishment of debt  438,834   - Change in fair value of preferred stock embedded derivative liability  456,325   - Non-cash commitment fee expenses  406,250   500,000 Non-cash marketing and advertising  4,406,571   - Non-cash compensation expense - GTG Financial  106,000   - Gain on previously held equity  -   (20,663)Loss (gain) on deconsolidation  (94,071)  - Loss (gain) on sale of fixed assets  52,858   301 Impairment of equity investments - measurement alternative  90,000   - Loss from equity method investment  13,354   - Interest accretion on deferred consideration - Prevu  20,404   - Changes in operating assets and liabilities        Accounts receivable  114,277   (16,437)Receivable from related parties  12,873   (12,873)Prepaid expenses  (187,824)  (56,241)Other current assets  (292,258)  62,637 Accounts payable  (491,751)  (19,773)Payable to related parties  (3,633)  58,756 Accrued expenses  (404,876)  (185,118)Deferred revenue  117,319   278,080 Total adjustments  6,327,815   19,980,111 Net cash used in operating activities  (11,262,577)  (6,042,238)         Cash Flows from Investing Activities:        Additions to property and equipment  (42,896)  (12,533)Proceeds from sale of properties  -   293,307 Cash paid for acquisitions, net of cash acquired  (1,023,053)  (1,268,630)Cash deposited into escrow in connection with acquisitions  (500,000)  - Cash paid for equity method investment  -   (50,000)Cash used for additions to capitalized software  (176,143)  (516,544)Net cash used in investing activities  (1,742,092)  (1,554,400)         Cash Flows from Financing Activities:        Proceeds from issuance of debt  155,481   6,155,539 Prepayment penalty  (368,769)  - Proceeds from issuance of common stock  25,566,385   - Payments of debt  (5,623,196)  (1,164,241)Contingent consideration paid-reAlpha Nepal  (137,000)  - Payment of commitment fee  (1,000,000)  - Deferred financing cost  -   (727,500)Equity issuance expenses  (941,742)  - Net cash provided by financing activities  17,651,159   4,263,798          Net increase in cash  4,646,490   (3,332,840)         Effect of exchange rate changes on cash  13,509   -          Cash - Beginning of Period  3,123,530   6,456,370          Cash - End of Period $7,783,529  $3,123,530          Supplemental disclosure of cash flow information        Interest expense $(468,726) $(58,897)         Noncash Investing and Financing Activities:        Preferred stock issuance - MMC transaction  5,000,000   - Non-cash conversion of debt to equity - Streeterville Capital, LLC  740,064   - Issuance of common stock - Prevu  1,350,000   - Issuance of common stock - AiChat  180,525   - Issuance of warrants to placement agents in connection with equity offerings  299,768   - Deferred consideration - Prevu  2,327,187   -           Non-U.S. GAAP Financial Measures

To supplement our financial information presented in accordance with U.S. GAAP, we believe “Adjusted EBITDA,” a “non-U.S. GAAP financial measure,” as such term is defined under the rules of the SEC, is useful in evaluating our operating performance. We use Adjusted EBITDA to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that this non-U.S. GAAP financial measure may be helpful to investors because it provides consistency and comparability with past financial performance. However, this non-U.S. GAAP financial measure is presented for supplemental informational purposes only, has limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with U.S. GAAP. In addition, other companies, including companies in our industry, may calculate a similarly titled non-U.S. GAAP measure differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of this non-U.S. GAAP financial measure as a tool for comparison. A reconciliation is provided below for our non-U.S. GAAP financial measure to the most directly comparable financial measure stated in accordance with U.S. GAAP. Investors are encouraged to review the related U.S. GAAP financial measure and the reconciliation of this non-U.S. GAAP financial measure to its most directly comparable U.S. GAAP financial measure, and not to rely on any single financial measure to evaluate our business.

We use Adjusted EBITDA, a non-U.S. GAAP financial measure, to evaluate our operating performance and facilitate comparisons across periods and with peer companies. We reconcile our Adjusted EBITDA to our net income (loss) adjusted to exclude interest expense, depreciation and amortization, changes in fair value of contingent consideration and preferred stock, share-based compensation, and other non-cash, non-operating, or non-recurring items that we believe are not indicative of our core business operations. We believe this measure provides useful insight into our ongoing performance; however, it should not be considered a substitute for, or superior to, net income or other financial information prepared in accordance with U.S. GAAP.

The following table provides a reconciliation of net income to Adjusted EBITDA for the periods presented below:

 Year ended December 31,  2025  2024 Net loss$(17,590,392)$(26,022,349)Adjusted to exclude the following  Depreciation and amortization 543,170  282,095 Amortization of loan discounts and origination fee (1) 545,624  181,875 Loss from Discontinued Operations -  18,339,635 Income tax benefit -  (54,260)Impairment of intangible assets 220,016  - Changes in fair value of contingent consideration (2) (604,123) - Change in fair value of preferred stock embedded derivative liability(3) 456,325  - Loss on extinguishment of debt 438,834  - Loss (gain) on deconsolidation (4) (94,071) - Loss (gain) on equity method investments 103,354  (20,663)Interest expense 394,434  333,759 Non-cash commitment fee expenses (5) 406,250  500,000 Stock based compensation (6) 862,476  316,183 Equity offering costs (7) 490,868  - Acquisition-related expenses 137,771  517,251 Adjusted EBITDA$(13,689,464)$(5,626,474)  (1)Represents amortization of all debt issuance costs and original issue discount due to the repayment of the Note (as defined below) issued to Streeterville Capital, LLC (“Streeterville”).  (2)Represents remeasurement gains or losses related to the contingent consideration of reAlpha Mortgage.  (3)Represents non-cash remeasurement gains or losses related to the shares of Series A Preferred Stock issued in the MMC transaction.  (4)Represents a gain recognized upon the rescission of the GTG Financial acquisition.  (5)Represents the commitment fee of $1,000,000 incurred in connection with the GEM equity facility, which has been amortized over a period of 24 months, beginning on October 23, 2023.  (6)Represents non-cash stock-based compensation expense associated with shares of common stock issued to consultants ($2,526), shares of common stock issued to employees ($102,880), and restricted stock units (RSUs) granted to executive officers and other eligible employees ($757,071).  (7)Represents legal and professional fees incurred in connection with the issuance of shares of common stock and warrants from our equity offerings and other capital raise transactions.

CEO Darin Myman to showcase flagship platform ‘Picture Party by Myseum’ and catalysts for near- and long-term growth

NEW BRUNSWICK, N.J., March 12, 2026 (GLOBE NEWSWIRE) -- Myseum, Inc. (Nasdaq: MYSE) (“Myseum” or the “Company”), a privacy-first social media and technology innovator, today announced that CEO Darin Myman will present live on Wall Street Reporter’s NEXT SUPER STOCK Live! online investor conference, featuring companies with near-term catalysts for significant growth.

The interactive livestream event will take place today, March 12, 2025, at 1p.m. ET. Investors can join the live event on Wall Street Reporter’s YouTube channel.

Investors will learn about:

Picture Party by Myseum (“Picture Party"), the Company’s flagship social sharing platform, with plans to introduce Picture Party for Businesses and Picture Party for Influencers later this year,Continuing development of the Myseum’s new safe social media technology, and,Milestones along Myseum’s strategic roadmap for near- and long-term growth. NEXT SUPER STOCK Live! is Wall Street Reporter’s flagship investor conference series featuring presentations by a select group of companies which are at key inflection points, and at the threshold of explosive growth.

About Myseum, Inc.

Myseum, Inc. (formerly DatChat Inc.) is a privacy and social media technology company focused on innovative and creative user platforms. Its flagship platform is Picture Party by Myseum, a next-generation social sharing platform that makes it easier to share your photos and videos both today, and for generations to come. Myseum's innovative social media platform brings a fresh and needed approach to digital media and content management, allowing users to create a digital legacy that makes it easier to share both today, and with future generations. The platform is backed by both patented technology and proprietary software.

Myseum also operates the DatChat Messenger & Private Social Network, which presents technology that allows users to change how long their messages can be viewed before or after users send them, prevents screenshots, and hides encrypted photos in plain sight on camera rolls. The patented technology offers users a traditional texting experience while providing control and security for their messages. With the DatChat Messenger, a user can decide how long their messages last on a recipient's device while feeling secure that at any time, and delete individual messages or entire message threads, making it like the conversation never happened. Visit Myseum.com and datchat.com/investors for more information.

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Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF, FRA:1SS) announced that it has secured a three-year subscription agreement valued at approximately $175,000 for its ARitize3D platform, covering 3D product modeling and augmented reality visualization services for e-commerce.

The company said the agreement includes services for approximately 2,500 product SKUs and provides 36 months of ARitize3D platform hosting. Payments under the contract are expected to total about $58,000 per year over the three-year term.

According to the company, the agreement includes 3D product modeling, AR e-commerce visualization, hosting, and platform integration services. The technology enables retailers and brands to present products as interactive 3D models and augmented reality formats in online shopping environments.

Nextech3D.ai said the contract represents a subscription arrangement for ARitize3D platform services, including 3D model hosting, AR visualization technology, and e-commerce integration tools. The agreement forms part of the company’s ongoing 3D modeling and digital commerce technology operations.

"This agreement reflects continued demand for 3D product visualization and augmented reality technologies in the global e-commerce sector," Nextech3D.ai CEO Evan Gappelberg said.

"While our primary focus remains on scaling our AI-powered event technology platforms, our 3D modeling and AR e-commerce solutions continue to generate additional revenue through subscription-based platform services."

The company said revenue from ARitize3D agreements may include 3D model creation, AR visualization services, platform hosting, and subscription access.

Based on the company’s current operating structure for ARitize3D hosting and platform services, management estimates gross profit margins of approximately 95%, though margins may vary depending on production scope, SKU volume, and hosting requirements.

Admittedly, the outlook for Bitcoin (BTC +1.19%) looks grim right now. The world's most popular cryptocurrency is down 47% from its all-time high back in October, and is currently trading for just $67,000.

That may be the case, but I'm predicting that Bitcoin will nearly double in value and regain the $125,000 price level by the end of the year. Here's why.

Spot Bitcoin ETF inflows It all starts with spot Bitcoin ETF inflows. As long as institutional money is flowing into these ETFs on a regular basis, there is effectively a floor under the price of Bitcoin. And, while net outflows have been occurring in 2026, the picture is not nearly as dire as one might think.

Image source: Getty Images.

According to Coinglass, which tracks spot Bitcoin ETF inflows and outflows on a daily basis, there have been net inflows in 6 of the past 10 trading days. So it's not like institutional investors are abandoning Bitcoin as a unique diversifier for their portfolios.

To some extent, this is the result of the outbreak of hostilities in the Middle East. Seemingly out of nowhere, Bitcoin is starting to regain its former narrative of being a potential safe haven asset. Long story short, global investors are panicking, and not sure where to put their money, other than into gold. So they are now turning to Bitcoin, which is sometimes referred to as "digital gold."

Strategic Bitcoin Reserve And there's another huge catalyst that nobody is talking about right now: the Strategic Bitcoin Reserve. It was created almost exactly one year ago, but has not yet begun any active buying of Bitcoin. Instead, it is simply a receptacle for Bitcoin that the U.S. government has already seized or confiscated.

But all that could change, the closer that we get to midterm elections. According to Cathie Wood of Ark Invest, Republicans could be tempted to pump up the price of Bitcoin if it will help their political prospects in November. After all, a price of Bitcoin of $100,000 or higher would do wonders to convince voters that the pro-crypto, pro-Bitcoin agenda is actually working.

What do prediction markets think? Putting it all together, what do prediction markets think about all this? On Polymarket, traders are giving Bitcoin a 36% chance of hitting $100,000 by the end of this year, and a 20% chance of hitting $120,000 this year. So it is certainly within the realm of possibility that Bitcoin could soar as high as $125,000 this year.

Today's Change

(

1.19

%) $

825.34

Current Price

$

70415.00

Keep in mind: In 7 of the past 14 years, Bitcoin has delivered returns of 100% or more to investors. So Bitcoin is certainly capable of doubling in price in the span of just 12 months.

Of course, a lot needs to go right for Bitcoin for it to double in value once again. But macroeconomic uncertainty and geopolitical tensions could end up being a blessing in disguise, if they convince investors to move their money back into crypto. By the end of the year, we could be talking about Bitcoin making another run at the $125,000 price level.

The Ethereum price is showing signs of stabilization as large investors accumulate significant amounts of ETH from major cryptocurrency exchanges.

Summary

Whale wallets withdrew over 74,000 ETH ($155M) from Binance and Kraken. Ethereum price is consolidating near $2,050 after February’s sharp correction. A breakout above $2,200 resistance could signal the next bullish move for ETH. According to blockchain analytics shared by Lookonchain, a newly created wallet withdrew 11,629 Ethereum (ETH) worth about $23.7 million from Binance over the past two days.

In a separate transaction, another whale wallet identified as 0x8E34 removed 63,324 ETH valued at roughly $131.2 million from Kraken during the same period.

Large withdrawals from exchanges are often interpreted as a bullish signal because investors typically move assets to private wallets for long-term holding rather than immediate selling.

The combined withdrawals total more than 74,000 ETH, suggesting that institutional or high-net-worth investors may be positioning ahead of a potential price move.

Ethereum price analysis Based on the ETH/USDT daily chart, Ethereum is currently trading around $2,050, remaining largely range-bound after a sharp correction earlier in February.

Ethereum price analysis | Source: Crypto.News The chart shows that ETH has been consolidating between $1,950 and $2,150 for several weeks, forming a sideways structure after rebounding from lows near $1,800.

The immediate resistance level sits around $2,150–$2,200. A decisive breakout above this zone could trigger momentum toward the $2,400 level, where the previous sell-off accelerated.

On the downside, strong support appears near $1,950, with deeper structural support around $1,800, which marked the February bottom.

The Relative Strength Index (RSI) is currently near 50, reflecting neutral momentum and suggesting the asset is neither overbought nor oversold. This reading typically occurs during consolidation phases before a larger directional move.

Meanwhile, the Accumulation/Distribution indicator is stabilizing after a sharp drop earlier in the month, hinting that buying pressure may be gradually returning.

The recent whale withdrawals could tighten exchange supply if the coins remain off trading platforms. When combined with Ethereum’s current consolidation pattern, such accumulation phases often precede stronger price movements.

However, traders will likely watch for a break above $2,200 to confirm a bullish continuation. Until then, Ethereum may remain trapped within its current range as the market waits for a decisive catalyst.

As per an earlier report by AMBCrypto, crypto hacks resulted in $112 million in losses across January and February 2026. Even though the crypto market suffered from low liquidity and poor performance across the board, hacking incidents have remained consistent. 

Hackers hijack Bonk.fun domain planting wallet drainer On Thursday, the 12th of March, hackers hijacked the Bonk.fun domain and planted a wallet drainer on the memecoin’s launchpad.

Bonk.fun confirmed this hacking incident and stated that, 

“A malicious actor has compromised the BONKfun domain.”

Following the incident. the Bonk.fun team warned users against further interaction with the site until it is secured. Tom, the team’s operator, explained that old and already active users were not affected. 

Equally, the hack did not affect traders actively trading BONK tokens on terminals, which were also safe from the hacking. However, users who signed a fake TOS message on the main domain saw their funds drained. 

Tom insisted that the team luckily noticed the incident quickly and avoided more losses, causing only minimal damage. At the same time, the team assured users that they are working to fix the situation with users’ needs as the top priority. 

While users expressed their losses, no official report has been issued regarding the possible amount lost.

BONK faces further downside pressure The hacking incident did more harm to BONK, especially during this period of prolonged weakness. In fact, the mememecoin has traded within a descending channel through 2026.

Over the past day, for instance, Bonk [BONK] erased the little gains made over the past 2 days, touching a low of $0.00000582.

The memecoin’s downside risk strengthened as investors panicked and closed positions following the recent developments. According to Coinalyze, the memecoin recorded 176 billion in Sell Volume compared to 109 billion in Buy Volume on the 12th of March.

Source: Coinalyze As a result, the market recorded a negative delta of -67 billion, a clear sign of aggressive spot selling. On the derivatives side, even more bearishness emerged.

CoinGlass data showed that Derivatives Volume plummeted 33% to $10.7 million, while Open Interest fell 11% to $6.07 million. A drop in both OI and volume signaled reduced exposure and a surge in risk-off sentiment.

Source: CoinGlass Combined, increased bearishness in both spot and futures markets further weakened the market, leaving BONK exposed to further losses.

In fact, the memecoins’ Relative Strength Index (RSI) slightly retraced to 44, holding firmly within the bearish zone. Likewise, BONK fell below its moving averages, further validating the trend’s strength.

Source: TradingView Therefore, if the panic mode prolongs, especially driven by the hack incident, BONK could drop below $0.0000055. To withstand this market shock, BONK must remain above $0.0000060.

Final Summary Bonk.fun domain was compromised on 12 March after hackers planted a wallet drainer on the memecoin launchpad. The team warned users to avoid interacting with the site, though active BONK traders on terminals were not affected.

BTC holds near $70,000 and outperforms major assets during Middle East tensions, even as derivatives data and fear indicators signal deep market pessimism. Mar 12, 2026, 10:51 a.m.

Bitcoin BTC$70,388.41 remains pinned around $70,000, showing impressive price stability even as market sentiment remains deeply pessimistic amid the Iran war and oil price volatility.

Crypto’s fear and greed index, a widely tracked sentiment indicator, has persistently signaled extreme fear in recent weeks, suggesting traders remain cautious despite the lack of a major price breakdown.

Market positioning also paints a dour picture. Annualized funding rates for bitcoin perpetual futures have been negative since early March, reflecting a growing bias for bearish short bets. The current stretch marks the longest period of negative funding since April 2025, when bitcoin ultimately formed a market bottom, around $76,000.

This is consistent with fear on Wall Street, where the VIX index jumped to 25 this week, its highest in over a year.

Yet bitcoin’s price action has been notably resilient. Since the escalation of the Middle East conflict on Feb. 28, the largest cryptocurrency has gained roughly 7%. That compares favorably with other major assets over the same period. The Nasdaq 100 has been largely steady while the S&P 500 has dropped about 1%, gold has slipped roughly 3% and silver has fallen nearly 9%.

This is in addition, to brent crude briefly pushing back above $100 per barrel earlier today amid ongoing tensions in the region.

The contrast was also visible during Wednesday’s U.S. trading session. BlackRock’s iShares Bitcoin Trust (IBIT) traded 1% higher. While major equity benchmarks were in the red, including the S&P 500 (SPX), the Nasdaq 100 (QQQ), the Russell 2000 (IWM) and the Dow Jones Industrial Average (DJI), highlighting bitcoin’s relative resilience during U.S. market hours.

The outperformance likely stems from big traders and institutions snapping up coins in privately negotiated transactions, keeping demand steady.

For now, bitcoin appears to be performing better than the market mood surrounding it, holding steady despite persistent fear across the broader financial landscape.

More For You

Bitcoin steady near $70,000 as rising open interest hints at cautious, bearish positioning

20 minutes ago

Bitcoin traded around $69,800 as open interest rose to $102 billion, suggesting defensive, bearish bets while altcoins outperformed in a risk-off macro backdrop.

What to know:

Bitcoin has traded in a tight $69,000–$71,700 range for 48 hours, even as the Middle East conflict pushed oil back up toward $100 and pressured global equity markets.Crypto futures open interest rose 2% to $102 billion, but flat-to-negative funding rates and cumulative volume delta suggest traders are adding cautious bearish positions rather than aggressive longs.Altcoins are showing relative strength: HYPE, SKY and TAO gained while NIGHT fell 10% after its Binance listing triggered selling from holders.

Two Prime CEO Alexander Blume says the high yield product driving the buying surge carries risks despite strong momentum. Mar 12, 2026, 10:53 a.m.

Around 7,000 bitcoin are estimated to have been purchased this week through Strategy’s (MSTR) perpetual preferred stock Stretch (STRC), underscoring how quickly the high yield instrument has become a key engine behind the company’s bitcoin accumulation.

But the structure carries risks, according to Alexander Blume, chief executive officer of Two Prime, an SEC registered investment adviser focused on institutional bitcoin yield strategies and bitcoin backed lending.

“There’s no free lunch,” Blume said. “A product that pays more than 6% over Treasuries must come with additional risk.”

Demand for the preferred shares has surged as investors search for higher returns. STRC currently yields at 11.5% and pays monthly cash distributions. Strategy has described the instrument as resembling a short duration, high yield savings instrument, with the dividend rate adjusted to help keep shares trading near their $100 par value while limiting price volatility.

The structure has helped accelerate Strategy’s bitcoin purchases. Market estimates suggest the company has bought more than 11,000 BTC over the past two weeks, bringing total accumulation through the product to roughly 34,000 BTC since it went live, according to STRC.live.

Corporate interest is also beginning to emerge. Asset manager Strive (ASST) recently disclosed a $50 million allocation to STRC, while digital credit firm Apyx said it recently purchased an additional 200,000 STRC shares, bringing its total holdings to 255,000 shares.

Blume said STRC was a major focus at the recent Strategy World conference, highlighting how central the product has become to the company’s capital strategy.

“We have seen a smattering of companies buy STRC,” Blume said, adding that some of the activity appears symbolic or partnership driven for now.

Blume also pointed to early efforts to build decentralized finance products on top of STRC, sometimes marketing them as savings like instruments despite volatility in the underlying asset.

STRC is designed to trade close to its $100 par value, but Blume said that is not guaranteed. A loss of confidence in the company, bitcoin or the preferred shares themselves could push the price below par and cause significant damage, he said.

STRC has on several occasions traded below its $100 par value, prompting the company to raise the dividend to help push the shares back toward par.

Blume added that strong momentum, available funding for interest payments and demand for high yield mean the structure is unlikely to face immediate problems.

More For You

Bitcoin climbs the wall of worry amid escalating Iran war and stock market losses

10 minutes ago

BTC holds near $70,000 and outperforms major assets during Middle East tensions, even as derivatives data and fear indicators signal deep market pessimism.

What to know:

Bitcoin has risen about 7% since the Middle East conflict escalated on Feb. 28, outperforming the S&P 500, Nasdaq 100, gold and silver, while holding steady near $70,000 even as Brent crude briefly pushed back toward $100 per barrel.Despite the stable price action, sentiment remains weak, with bitcoin funding rates negative since early March and the crypto fear and greed index in extreme fear territory, highlighting a disconnect between market positioning and price resilience.

Solana is tracing a broadening bottom pattern, a technical formation that historically signals recovery ahead. The structure suggests accumulation is underway at current price levels. 

Whale activity reinforces the bullish case, but derivatives traders are positioning against the move, creating a high-stakes standoff with significant liquidation consequences on both sides.

The Positives and the Negatives Ahead of Solana Relative Supply Distribution data reveals that addresses holding between 10,000 and 100,000 SOL have been steadily accumulating over the past two weeks. Their collective share of total SOL supply rose from 21.9% to 22.2% during this period. This 0.3% increase represents approximately 1.71 million SOL, currently valued at $144 million.

Whale-tier accumulation of this magnitude carries meaningful price implications. Large holders historically exert disproportionate influence over market direction, particularly during periods of low liquidity. Their sustained buying at current levels signals confidence in a near-term recovery, providing a credible demand-side foundation for Solana’s next directional move.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Solana Supply Distribution. Source: GlassnodeThe liquidation heatmap confirms that SOL is trapped in a range-bound zone between $83 and $89. This tight range reflects a market in equilibrium, with significant leveraged positions clustered on both sides. Thus, a decisive move in either direction would trigger cascading liquidations and amplify price momentum substantially.

The asymmetry between the two liquidation clusters is notable. The $41 million in long liquidations at $83 is dwarfed by the $80 million in short liquidations sitting above $89. Should whale buying combine with positive broader market conditions, SOL could breach $89 and ignite a short squeeze, accelerating gains well beyond that threshold.

Solana Liquidation Heatmap. Source: CoinglassSOL Price Awaits Breakout Solana price is trading at $85, moving within a broadening bottom pattern that projects a near 12% rally. The technical breakout level sits at $92, above which the pattern’s full upside target of $100 comes into play. Current price positioning places SOL in a favorable zone for this setup to develop.

A push above $88 would serve as the short squeeze trigger, forcing leveraged short positions to close quickly. Thus, with $80 million in shorts exposed above that level, the resulting buying pressure could carry SOL swiftly through $92. Barring significant profit-taking, no major resistance stands between the breakout level and the $100 milestone.

Solana Price Analysis. Source: TradingViewHowever, deteriorating geopolitical conditions present the primary downside risk. A decline to $81 support would activate approximately $40 million in long liquidations, creating a self-reinforcing wave of selling pressure. Thus, that cascade could push Solana toward $77, where the lower trendline of the broadening bottom pattern would serve as the next critical support test.

Goldman Sachs has accumulated a major position in XRP exchange-traded funds (ETFs), emerging as the largest institutional XRP ETF holder in the United States.

Namely, the firm’s newest 13F filing shows that as of December 31, 2025, Goldman Sachs held no less than $153.8 million worth of shares across four spot XRP funds.

More precisely, the bank has dedicated $40 million to the Bitwise, $38.5 million to the Franklin Templeton, $38 million to the Grayscale Investments, and $36 million to the 21Shares XRP ETF.

Goldman Sachs’ XRP ETF holdings hit record highs Fourth-quarter 2025 13F filings show that the top thirty institutional XRP investors collectively hold about $211 million in XRP ETF shares, judging by the data presented by Bloomberg analyst James Seyffart on March 10.

Who are these buyers/holders? Well we only know a small portion of them because the vast majority don't file 13Fs. But here are the holders as of 12/31/2025 pic.twitter.com/ymIyy1mobx

— James Seyffart (@JSeyff) March 10, 2026 This means that Goldman Sachs accounts for roughly 73% of that total, with the next-largest holder, Millennium Management, commanding just $23 million.

Seyffart also noted that XRP ETFs “have actually held up pretty well” considering all the recent price pullbacks, reminding his followers that they have taken in $1.4 billion since launch. 

The sentiment was later echoed by Seyffart’s colleague, Eric Balchunas, who added that the products launched into a 45% drawdown and hinted that retail investors are also playing an important part.

“Like Solana this is really impressive given these launched into a brutal 45% drawdown. Traditionally, inflows are near imposs for ETF having a reverse shiny object moment, and esp if they are brand new. My guess is this is largely XRP super fans vs casual retail,” Balchunas wrote on X.

Goldman’s $153.8 million stake reflects its holdings as of December 31, meaning it could have altered its position in the months since. Accordingly, investors are more than excited for the next filing, coming in May, which will reveal whether the investment bank held through XRP’s decline this year or adjusted its exposure.

Featured image via Shutterstock

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Key Takeaways Table of Contents

Key TakeawaysPotential Applications for Microsoft’s CapacityFinancial Health OverviewCurrent Valuation MetricsGet 3 Free Stock Ebooks Microsoft pursues negotiations for several hundred megawatts at the Stargate Project facility in Abilene, Texas Crusoe develops the expansive 1,000-acre location utilizing renewable power sources and stranded natural gas Oracle alongside OpenAI reduced their growth ambitions from an anticipated 2 GW down to maintaining 1.2 GW Meta emerged as another interested party at this location based on reports from the previous week Microsoft’s potential applications include Azure expansion or direct cloud infrastructure for OpenAI Microsoft has entered advanced negotiations to secure substantial data center capacity at the Stargate Project facility located in Abilene, Texas — the identical location where Oracle and OpenAI recently downsized their expansion ambitions.

Microsoft Corporation, MSFT

The facility encompasses a sprawling 1,000-acre footprint and falls under development by Crusoe, an enterprise specializing in constructing data centers powered by renewable energy alongside stranded natural gas resources. Development activities continue at the site.

Oracle presently maintains lease agreements for eight structures at this location, designated for OpenAI’s operations. Initial projections anticipated site expansion from 1.2 GW to 2 GW, though these enlargement plans were subsequently abandoned.

Microsoft appears positioned to capitalize on this opportunity. The Information reports that discussions have reached advanced phases, encompassing hundreds of megawatts worth of capacity.

This development positions Microsoft beside Meta, which emerged last week as another entity seeking to acquire space at this identical location. Both technology giants demonstrate urgency in securing artificial intelligence infrastructure.

Potential Applications for Microsoft’s Capacity Microsoft stands to leverage this leased infrastructure for Azure cloud platform expansion. Alternatively, the capacity could provision cloud servers directly for OpenAI, with whom Microsoft maintains a substantial investment partnership.

Fully realizing the site’s development trajectory demands tens of billions in capital investment, incorporating Nvidia GPUs essential for powering artificial intelligence operations.

Microsoft’s Azure cloud division represents a fundamental growth catalyst for the corporation. Securing capacity at a partially-completed, operational site potentially accelerates expansion timelines compared to initiating new construction projects.

Financial Health Overview Microsoft documented trailing twelve-month revenues reaching $305.45 billion, demonstrating revenue expansion of 12.8% across the preceding three-year period.

Operating margin performance registers at 46.67% while net margin stands at 39.04%. The corporation maintains a debt-to-equity ratio of 0.15, reflecting prudent financial management.

Current Valuation Metrics The equity’s P/E ratio currently reads 25.29, positioned near its five-year minimum. The P/S ratio of 9.89 approaches its three-year floor, while the P/B ratio of 7.69 similarly hovers near multi-year lows.

Analyst consensus establishes a price target of $596.93 for MSFT shares with a “Buy” recommendation. The RSI indicator reads 45.27, indicating neutral momentum conditions.

The Stargate Project represents a prominent artificial intelligence infrastructure undertaking within the United States. Microsoft’s documented pursuit of capacity at this location reinforces its comprehensive AI infrastructure development strategy.

Your day-ahead look for March 12, 2026 Mar 12, 2026, 11:11 a.m.

Bitcoin options show some traders are wary the price isn't as resilient as it seems. (Peggy_Marco/Pixabay modified by CoinDesk)What to know: If you're not already subscribed to the newsletter email, click here.

By Omkar Godbole (All times ET unless indicated otherwise)

Ultra-bearish forecasts are getting no love from industry observers, and rightly so, with bitcoin BTC$69,873.58 holding resilient amid global market chaos. Yet options flows hint there may be merit to the bears' dire warnings.

Bloomberg reiterated its prediction for the largest cryptocurrency to plunge to $10,000 — a level last seen in mid-2020. Industry observers dismissed it as silly.

Yet on Deribit, the biggest crypto options exchange, nearly $800 million in open interest is piled into the $20,000 put, a wager that the price will slide to below that level. It's the fourth-most popular bearish bet on the platform.

It signals some traders are preparing for a meltdown. That said, not all are outright bets on a price crash, Deribit said.

"The majority of that positioning appears to be short puts rather than directional long hedges, said Sidrah Fariq, Deribit's global head of retail sales. "Traders often sell very far OTM puts because the probability of hitting those levels is low."

In the meantime, though, bitcoin is showing uncanny resilience, holding steady around $70,000 even as a renewed oil rally pushed crude benchmarks toward $100 early today and rattled traditional markets. Ether (ETH), XRP, and solana (SOL) are similarly firm, while Hyperliquid's HYPE token steals the spotlight with gains of around 10% over 24 hours.

Analysts say excess leverage is flushing out of BTC, paving the way for upside.

"From a market structure perspective, this type of consolidation can be constructive because reducing leveraged positioning tends to create a more stable foundation for the next move once a clearer macro catalyst emerges," Diana Pires, VP of sales at crypto platform sFOX, said in an email.

In traditional markets, oil volatility looks to be spilling over into bonds. The MOVE index, measuring the 30-day expected volatility in U.S. Treasury notes, which underpin global finance, has surged to 76 from under 60 in late February. This could lead to financial tightening worldwide, putting pressure on risk assets. Stay alert!

Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today

What to WatchFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

CryptoMarch 12: Polakdot’s economic upgrade to start rolling out, featuring a DOT supply cap, an emissions cut and unbonding reduction.March 12, 1 p.m.: MARA to host an X Spaces session with its CEO, CFO, and Chief Growth & Strategy Officer.March 12: BOB mainnet to undergo its Jovian hardfork.MacroMarch 12, 8:30 a.m.: U.S. initial jobless claims for week ending March 7 Est. 215K (Prev. 213K)March 12, 8:30 a.m.: U.S. balance of trade for January Est. -$66.6B (Prev. -$70.3B)March 12, 4:30 p.m.: Fed balance sheet for period ending March 11 (Prev. $6.63T)Earnings (Estimates based on FactSet data)March 12: Cango (CANG), post-market, -$0.34Token EventsFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

Governance votes & callsArbitrum DAO is voting to establish an operational directive that automatically consolidates idle and surplus non-ARB funds from DAO initiatives directly into the Arbitrum Treasury Management Company (ATMC) portfolio. Voting ends March 12.Arbitrum DAO is voting to implement a delegated voting power (DVP) quorum model, update its constitution, and enable onchain proposal cancellation. Voting ends March 12.CoW DAO is voting on a swap affiliate program to reward affiliates who refer new retail traders and traders who reach qualifying volume milestones, with up to 500,000 USDC allocated over a six-month pilot. Voting ends March 12.World Liberty Financial DAO is voting to introduce a WLFI governance staking system requiring unlocked token holders to stake (minimum 180-day lock) to participate in governance. Voting ends March 12.UnlocksMarch 12: Aptos APT$0.9268 to unlock 0.69% of its circulating supply worth $11.21 millionToken LaunchesMarch 12: ForU AI’s (FORU) token generation event occurs.ConferencesFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

Day 4 of 5: Policy Week 2026 (Sydney, Australia)Day 1 of 4: ETHMumbai (Mumbai, India)Market MovementsBTC is up 0.12% from 4 p.m. ET Wednesday at $70,400.41. (24hrs: +1.11%)ETH is unchanged at $2,071.35 (24hrs: +2.21%)CoinDesk 20 is down 0.4% at 2,008.02 (24hrs: +1.32%)Ether CESR Composite Staking Rate is down 1 bps at 2.79%BTC funding rate is at -0.0048% (-5.2188% annualized) on BinanceDXY is unchanged at 99.36Gold futures are up 0.43% at $5,189.60Silver futures are up 2.38% at $87.09Nikkei 225 closed down 1.04% at 54,452.96Hang Seng closed down 0.70% at 25,716.76FTSE 100 is down 0.33% at 10,320.02Euro Stoxx 50 is down 0.43% at 5,769.83DJIA closed on Wednesday down 0.61% at 47,417.27S&P 500 closed unchanged at 6,775.80Nasdaq Composite closed unchanged at 22,716.13S&P/TSX Composite closed down 0.45% at 33,119.80S&P 40 Latin America closed unchanged at 7,501.64U.S. 10-Year Treasury rate is up 7 bps at 4.21%E-mini S&P 500 futures are down 0.38% at 6,753.75E-mini Nasdaq-100 futures are down 0.35% at 24,896.00E-mini Dow Jones Industrial Average futures are down 0.48% at 47,221.00Bitcoin StatsBTC Dominance: 59.23% (-0.08%)Ether-bitcoin ratio: 0.02929 (0.2%)Hashrate (seven-day moving average): 1,020 EH/sHashprice (spot): $30.46Total fees: 2.8 BTC / $196,480CME Futures Open Interest: 108,220 BTCBTC priced in gold: 13.5 oz.BTC vs gold market cap: 4.67%Technical AnalysisXRP's daily chart with Bollinger bands. (TradingView)The chart shows XRP's daily price swings in candlestick format with Bollinger bands, which are volatility bands placed two standard deviations above and below the 20-day average of price. The gap between Bollinger bands is now narrowest since early November 2024. The tighter the bands, the more explosive the eventual breakout. In other words, a big move (volatility) could be brewing in XRP.Crypto EquitiesCoinbase Global (COIN): closed on Wednesday at $198.63 (+1.07%), –1.28% at $196.08 in pre-marketGalaxy Digital (GLXY): closed at $21.46 (–1.69%), –0.75% at $21.30MARA Holdings (MARA): closed at $8.55 (–0.23%), –1.40% at $8.43Riot Platforms (RIOT): closed at $14.81 (+1.16%), –0.74% at $14.70Core Scientific (CORZ): closed at $16.54 (+6.99%), –1.45% at $16.30CleanSpark (CLSK): closed at $9.81 (+1.87%), –1.22% at $9.69Exodus Movement (EXOD): closed at $10.91 (–0.18%), +14.48% at $12.49CoinShares Bitcoin Mining ETF (WGMI): closed at $38.92 (+4.18%), –2.29% at $38.03Circle Internet Group (CRCL): closed at $112.81 (–4.47%), +0.30% at $113.15Bullish (BLSH): closed at $37.19 (+1.25%), –1.05% at $36.80Crypto Treasury Companies

Strategy (MSTR): closed at $138.33 (–0.09%), –0.56% at $137.55Strive Asset Management (ASST): closed at $9.23 (+2.78%)SharpLink (SBET): closed at $7.59 (+2.71%), –1.45% at $7.48Upexi (UPXI): closed at $1.03 (+9.46%), –1.94% at $1.01Lite Strategy (LITS): closed at $1.17 (+0.00%), –1.71% at $1.15ETF FlowsSpot BTC ETFs

Daily net flows: $115.2 millionCumulative net flows: $55.88 billionTotal BTC holdings ~ 1.28 millionSpot ETH ETFs

Daily net flows: $57 million
Cumulative net flows: $11.68 billion
Total ETH holdings ~ 5.65 millionSource: Farside Investors

While You Were SleepingIran war is causing biggest-ever oil market disruption, IEA says (Bloomberg): “The war in the Middle East is creating the largest supply disruption in the history of the global oil market,” hitting 7.5% of global supply and an even bigger swath of exports, the agency said.Oil prices soar past $100 a barrel amid Iranian attacks on commercial ships (euronews): Oil prices soared back above $100 as Iran's attacks on supplies in the Middle East and threats to bring down the global economy overshadowed a record release of strategic crude.How the Iran war could trigger a fresh food crisis (DW): The Iran war is choking a vital global lifeline: fertilizers. With the Gulf providing 20% of the world’s supply, strikes on hubs like Qatar threaten a worldwide food security crisis on par with Covid and the invasion of Ukraine.Crypto platform Bullish climbs past Coinbase to become third-largest crypto exchange by spot volume (CoinDesk): Bullish's gain in volume comes at a time when overall activity on centralized exchanges slowed, with combined spot and derivatives volumes falling 2.41% in February to $5.61 trillion.More For You

Bitcoin stuck under $70,000 as investors play it safe before U.S. inflation report

Mar 11, 2026

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Ripple Labs' Senior Vice President of Treasury, Renaat Ver Eecke, says financial officers are beginning to realize that digital assets and stablecoins can improve how firms handle money. In a post on X, Ver Eecke emphasized that the Mastercard program demonstrates the possibilities in its recent blockchain adoption.

The Russian ruble-pegged stablecoin A7A5 is now one of the three leading tokens in terms of daily transfers on the Tron blockchain.

The cryptocurrency, which has been targeted in Western sanctions over Ukraine, overtook USDD but remains far behind the dollar-backed USDT.

A7A5 climbs to top among Tron coins by transaction volume The Russian ruble-denominated stablecoin A7A5 is already one of the digital tokens with the largest transaction volumes on the Tron network.

The controversial crypto entered the top three of the network according to data provided by the Tronscan analytics portal and quoted by Russian crypto media.

According to the blockchain explorer, A7A5 is now approaching $175 million in daily transfers, and its market capitalization is over $486 million.

The latest figures put the coin ahead of Decentralized USD (USDD), which processed a little over $153 million in transactions on Wednesday.

However, the Russian fiat-backed cryptocurrency remains a distant second behind the most popular stablecoin, the U.S. dollar-pegged Tether (USDT).

Ruble stablecoin registers remarkable growth A7A5 was launched in early 2025, amid crippling sanctions that severely limited Russian access to traditional financial channels and global markets.

It was presented as an alternative instrument enabling the circumvention of financial restrictions imposed by the West over Moscow’s invasion of Ukraine.

In less than a year, it processed transactions worth more than $100 billion, as per data compiled by the blockchain forensics firm Elliptic.

Besides Tron, it’s available on the Ethereum blockchain as well. According to DeFiLlama, A7A5 has more than 39 billion tokens in circulation.

The token, which accounts for nearly half of the global non-dollar stablecoin market, has been listed on both centralized and decentralized exchanges.

In September, the Central Bank of Russia recognized the crypto as a digital financial asset (DFA) under Russian law, opening the legal door for its use in international settlements.

A7A5 facilitates Russian sanctions evasion The stablecoin was reportedly created by the Russian company A7. The latter is majority-owned by Ilan Shor, a fugitive Moldovan oligarch and Russian citizen.

At the same time, it’s issued by the Kyrgyzstan-registered firm Old Vector. Its team claims the project is currently “fully independent.”

Both firms, as well as other entities linked to A7A5, have been hit with sanctions. The list includes Grinex, the Kyrgyz-based successor of the busted Russian crypto exchange Garantex.

The token is supposedly backed by ruble deposits at the PSB, formerly Promsvyazbank, which is a sanctioned state-owned Russian bank.

A7A5 is pegged one-to-one to the Russian national currency, and its transactions are processed by the Tokeon digital asset platform, which is part of the PSB Group.

Western analysts admit the stablecoin has become an effective tool for cross-border payments and bypassing restrictions, the crypto page of the Russian business news portal RBC noted in a report.

Allies of Ukraine have been trying to block Moscow’s attempts to use cryptocurrencies, including the largest stablecoin Tether, in trade with partners and to fund its military effort in the neighboring nation.

While preparing to comprehensively regulate activities related to cryptocurrencies, such as investment and trading, Russia is betting on stablecoins for payments, as recently reported by Cryptopolitan.

Meanwhile, Kyrgyzstan’s crypto market has been growing, and the former Soviet republic launched a dollar-pegged stablecoin called USDKG, which is allegedly backed by gold reserves.

Kyrgyz financial institutions and digital-asset platforms have also found themselves on the receiving end of sanctions imposed by the EU, the U.K., and the U.S.

In November, the National Bank of Kyrgyzstan authorized commercial banks to open escrow accounts for operations involving cryptocurrencies.

Ted Hisokawa Mar 12, 2026 10:11

ARB trades at $0.10 with technical indicators pointing to potential 10% upside. Key resistance at $0.11 could unlock bullish momentum for Arbitrum in coming weeks.

ARB Price Prediction Summary • Short-term target (1 week): $0.11 • Medium-term forecast (1 month): $0.095-$0.115 range
• Bullish breakout level: $0.11 • Critical support: $0.10

What Crypto Analysts Are Saying About Arbitrum While specific analyst predictions are limited in the current market cycle, on-chain metrics suggest Arbitrum is approaching a critical juncture. According to recent analysis, ARB shows potential for a 10-40% upside targeting the $0.11-$0.14 range as the token tests key support levels.

The absence of vocal KOL predictions in recent days indicates market uncertainty, but technical data from major exchanges continues to provide valuable insights into potential price movements.

ARB Technical Analysis Breakdown Arbitrum's technical picture presents a mixed but cautiously optimistic outlook. Trading at $0.10 with a modest 0.71% daily gain, ARB is consolidating near critical levels.

The RSI reading of 40.55 places Arbitrum in neutral territory, suggesting neither oversold nor overbought conditions. This neutral positioning often precedes significant price movements as the market decides on direction.

MACD indicators show bearish momentum with a histogram reading of -0.0000, indicating weakening selling pressure rather than strong bearish conviction. The MACD line at -0.0057 closely aligns with its signal line, suggesting potential for a bullish crossover.

Bollinger Bands analysis reveals ARB trading at 0.55 position between bands, with the upper band at $0.11 serving as immediate resistance. The middle band at $0.10 aligns with current price action, while the lower band at $0.09 provides downside protection.

Key moving averages paint a longer-term bearish picture, with the 50-day SMA at $0.12 and 200-day SMA at $0.26 both above current price levels. However, shorter-term averages show consolidation, with both 7-day and 20-day SMAs at $0.10.

Arbitrum Price Targets: Bull vs Bear Case Bullish Scenario The primary ARB price prediction for bulls centers on breaking the $0.11 resistance level. This breakout could trigger a move toward $0.12, aligning with the 50-day moving average. A sustained break above this level opens the door for Arbitrum to test $0.14, representing a 40% upside from current levels.

Technical confirmation would come from RSI breaking above 50 and MACD achieving a bullish crossover. Volume expansion above the current $7 million daily average would strengthen bullish conviction.

Bearish Scenario Bears focus on the failure to maintain $0.10 support, which could lead ARB toward the lower Bollinger Band at $0.09. A break below this level might accelerate selling toward $0.08, representing a 20% decline.

Risk factors include the significant gap to longer-term moving averages and the overall crypto market's sensitivity to macroeconomic factors. The distance from the 200-day SMA at $0.26 highlights the substantial ground needed to regain longer-term bullish momentum.

Should You Buy ARB? Entry Strategy For those considering ARB positions, the current $0.10 level offers a reasonable risk-reward setup. Conservative traders might wait for a clear break above $0.11 with volume confirmation before entering.

Aggressive buyers could accumulate near $0.10 support with stop-losses below $0.095 to limit downside risk. This approach provides a favorable 2:1 risk-reward ratio targeting $0.11 resistance.

Position sizing should remain modest given the mixed technical signals and broader market uncertainty. Consider dollar-cost averaging for longer-term positions rather than single large entries.

Conclusion This Arbitrum forecast suggests cautious optimism for ARB in the near term. While technical indicators show mixed signals, the token's position near key support levels and proximity to resistance creates potential for a 10% move toward $0.11.

The ARB price prediction remains dependent on broader crypto market conditions and Arbitrum's ability to maintain current support levels. Traders should monitor volume patterns and MACD developments for early signals of directional moves.

Disclaimer: Cryptocurrency investments carry significant risk. This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and consider your risk tolerance before making investment decisions.

Image source: Shutterstock

arb price analysis arb price prediction

Ripple's XRP (XRP +0.28%) has struggled to hold onto the $1.50 price level for much of the past month and now trades for about $1.37 (as of March 11). It has fallen by more than 60% since reaching a record high of $3.65 in July 2025. To some extent, its decline mirrors that of other cryptocurrencies. However, the decline has been more severe -- Bitcoin fell by about 40% during the same period.

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The token was one of the big winners in last year's crypto boom. Its price was buoyed by speculation about resolving Ripple's long-running lawsuit by the Securities and Exchange Commission and optimism about a pro-crypto administration. That type of surge is common in digital assets, but it doesn't necessarily make XRP a good investment.

Image source: Getty Images.

What used to set XRP apart was that it also had real-world utility. When it launched in 2012, it promised to act as a bridge currency and ease friction and bypass intermediaries in global payments and money transfers. Unfortunately, that concept no longer has the same potential. Stablecoins can do the same job, and they don't have XRP's volatility.

As investors continue to be wary of risk, utility has never been more important. I think XRP's unclear use case could drive it below $1. If it does, there are no guarantees it will recover.

Ripple is growing, but XRP's utility is declining Ripple, the company behind XRP, is expanding. It has pursued a string of acquisitions, including stablecoin, custody, and corporate treasury management firms in the past year. These will help the company, particularly Ripple Payments, to serve the growing number of financial institutions as they adapt to stablecoins and blockchain solutions.

There's certainly appetite for the former. Research by The Motley Fool shows that more than 50% of consumers would be willing to pay with stablecoins. However, don't conflate Ripple's development with demand for XRP. Ripple is a private company and the only reason its progress benefits XRP is if the coin is central to the services it provides.

It isn't. For example, some financial institutions use Ripple Custody, a platform with bank-level security to store and manage digital assets. The coin does not necessarily benefit. The company announced a partnership to issue and manage tokenized funds with Aviva Investors, the global asset management business of U.K.-based Aviva and stablecoin settlement deals with Mastercard and Gemini. The XRP Ledger underpins these services, but XRP is not essential.

In October, Ripple announced that major non-profits such as Water.org, GiveDirectly, and Mercy Corps would use Ripple Payments. But the aid organizations will use Ripple's U.S. dollar-denominated stablecoin, RLUSD (RLUSD 0.03%), not XRP to move money around. XRP gets used for blockchain fees, which are declining even as the company expands.

XRP Ledger is way behind on stablecoins On the topic of stablecoins, it's worth noting that Ripple is only one of several players in the stablecoin sector. Right now, it isn't doing very well. There are only $415 million worth of stablecoins on the XRP Ledger, compared with more than $160 billion on Ethereum and almost $16 billion on Solana.

XRP does have a loyal community and is part of a growing ecosystem. However, its questionable utility could drag it down further, particularly as geopolitical turmoil reduces investor appetite for risk. To thrive, the token needs to be at the heart of Ripple's activities, not an add-on.

Emma Newbery has positions in Ethereum and Solana. The Motley Fool has positions in and recommends Bitcoin, Ethereum, Mastercard, Solana, and XRP. The Motley Fool has a disclosure policy.

South Korea's move to suspend Bithumb over AML failures turns a local compliance case into a market-structure story.

Enforcement against the country's second-largest exchange threatens to reroute retail flows, deepen venue concentration, and degrade one of crypto's most-watched regional pricing signals: the kimchi premium.

Compliance case hits market plumbingThe Korea Financial Intelligence Unit sent Bithumb a preliminary notice of a six-month partial business suspension for alleged anti-money laundering and know-your-customer failures, including transactions involving unreported overseas virtual asset service providers.

Local reporting indicates the measure would primarily restrict new customers' external crypto transfers while existing users retain normal Korean won trading and deposit access. A sanctions review could occur as early as March.

The proposed action follows a February incident in which Bithumb mistakenly credited users with 620,000 Bitcoin, triggering a 17% plunge in BTC/KRW on the platform before prices recovered.

Regulators established an emergency response unit and stated that the error exposed structural vulnerabilities in virtual-asset markets.

Bithumb remains Korea's second-largest exchange even after recent turbulence. As of February, CoinGecko data showed that Upbit commanded 58.4% of won-exchange trading, Bithumb 24.8%, Coinone 13%, Korbit 3.5%, and Gopax 0.3%.

Kaiko research indicates Upbit and Bithumb together account for roughly 96% of Korean crypto volume, making any constraint on either venue a matter of market architecture rather than isolated regulatory cleanup.

Upbit and Bithumb control 83% of South Korea's crypto trading volume, with smaller exchanges Coinone, Korbit, and Gopax holding the remainder.Enforcement against a top venue creates broader pressureKorea's market punches above its weight globally. Korean won-denominated trading reached $663 billion in 2025, and roughly one in three South Korean adults owns crypto, according to Kaiko.

That concentration creates a feedback loop: when trust in a major venue fractures, users respond quickly. Korea Times reported Bithumb's market share fell from 31.5% on Jan. 5 to the low-20% range after the February error.

Korea operates with unusually high venue concentration. Upbit alone accounted for approximately 70% of Korean trading volume in 2025, per Kaiko's liquidity analysis.

When regulation constrains a venue holding a quarter of the remaining volume, retail flow reroutes. Coinone and Korbit absorbed some spillover, but the primary beneficiary was Upbit, which further centralizes Korean price discovery.

That centralization creates a second problem: the kimchi premium becomes harder to read.

The premium, which is the spread between Korean won-denominated Bitcoin prices and global dollar-based prices, typically averages 2% to 3% due to capital controls that hinder arbitrage.

It stood near 1% in early March after dipping into negative territory in mid-January.

Kaiko noted the premium ranged from over 10% in March 2024 to under 1% by October 2024, making it one of crypto's most volatile regional sentiment gauges.

As a result, the concern is that partial enforcement against a major venue makes the premium reflect market plumbing and access friction as much as genuine retail demand.

If Bithumb is sidelined for new-user transfers, the spread begins to capture bottleneck effects alongside enthusiasm.

The kimchi premium collapsed from over 10% in March 2024 to near 1% by early 2026, showing heightened volatility in Korean Bitcoin pricing.Seoul tests controls without breaking the signal valueBithumb is not an isolated case. Upbit previously faced a three-month partial suspension affecting new customers, along with a 35.2 billion won fine.

Korbit received a 2.73 billion won fine and a warning. Coinone and Gopax were also reported under review. The Korea Financial Intelligence Unit launched a task force in late 2025 to tighten anti-money laundering rules ahead of the Financial Action Task Force's 2028 mutual evaluation.

Seoul is moving in two directions simultaneously. It has gradually opened the market to corporate participation while tightening compliance standards, including plans to extend the travel rule below the current 100 million won threshold.

That dual approach makes Bithumb a visible node in a broader effort to formalize crypto as financial infrastructure.

Additionally, the regulatory strategy creates tension. South Korea wants bank-grade compliance in crypto while relying on a small number of exchanges to handle a huge share of retail demand.

Tightening enforcement strengthens legitimacy, but risks distorting the market signals traders watch most closely.

ExchangeRegulatory actionPenalty / restrictionWhy it mattersBithumbPreliminary six-month partial suspension noticeNew-customer external transfers at riskNo. 2 exchange; systemically important to Korean market structureUpbitPrior partial suspensionThree months affecting new customers + 35.2 billion won fineShows regulatory precedent against a top venueKorbitFine and warning2.73 billion won fineSignals broader sector scrutiny beyond the top twoCoinoneUnder reviewReported review / scrutinySupports the case for sector-wide enforcement pressureGopaxUnder reviewReported review / scrutinyReinforces that AML tightening is not isolated to one exchangeRetail capital reroutes when local rails feel restrictiveSouth Korea's user base continued to expand even as activity cooled.

The Korea Financial Intelligence Unit reported the number of users eligible to trade rose by 1.07 million in the first half of 2025, while daily volume fell 12% and deposits fell 42% from the prior half-year.

The data suggest a market that remained broad while becoming more fragile, with this fragility having an offshore dimension. Tiger Research and CoinGecko estimated that approximately 160 trillion won moved from Korean exchanges to overseas platforms in 2025.

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When local access feels constrained, South Korean crypto capital reroutes. A Bithumb sanction could accelerate that de-localization.

The timing amplifies the gravity, as South Korea just endured a sharp equity selloff.

Reuters reported the KOSPI fell 18.4% over two sessions on March 3-4, the won briefly weakened past 1,500 per dollar, and foreign investors pulled a record $13.67 billion from Korean markets in February.

In that environment, changes to domestic crypto rails matter more because retail capital is already searching for alternative risk expressions.

What Bithumb's constraint means for Bitcoin's South Korean tellFor Bitcoin, the Bithumb story is impactful because Korean pricing has long functioned as a fast retail-sentiment tell.

That becomes especially relevant when institutional forecasts diverge sharply.

Tiger Research's January model placed Bitcoin's first-quarter 2026 target at $185,500 with $84,000 support and $98,000 resistance, while Standard Chartered warned in February that BTC could fall to $50,000 in the coming months and cut its year-end target to $100,000.

In a market with that much macro uncertainty, losing confidence in one of the cleanest regional retail tells becomes a bigger issue.

The kimchi premium's value lies in its ability to capture shifts in Korean retail positioning before those shifts appear in global volume. If enforcement makes that signal noisier, Bitcoin traders lose a forward indicator.

The base case resembles the Upbit precedent: a partial sanction focused on new-user transfer activity rather than a full operational freeze.

Bithumb likely remains viable but weaker, with market share settling around 20-25%, more spillover to Upbit and Coinone, and the kimchi premium holding roughly in a 0-2% band.

The signal survives but becomes less clean because venue concentration rises.

The bear case sees sustained erosion of confidence. If the sanctions stick and Bithumb's share drops into the high teens, some South Korean capital moves offshore while domestic price signals deteriorate further.

The premium could persistently stay below 1% if confidence cools, or print short bursts if access bottlenecks at fewer venues.

Enforcement collides with market plumbingSouth Korea's proposed action against Bithumb raises a sharper concern: Seoul can either tighten compliance standards or preserve clean retail signals.

However, attempting both simultaneously tests whether a highly concentrated market can absorb regulatory pressure without losing the transparency that made it valuable.

Bithumb still holds a quarter of South Korean won-exchange volume, and constraining a top venue can reroute flow, deepen concentration, and make South Korean price action a less reliable read on Bitcoin demand.

Mentioned in this articlePosted in

Published: Mar 12, 2026 at 09:57

Cardano's (ADA) price is holding steady as it continues to move sideways above the $0.24 support but below the $0.30 resistance level.

ADA price long-term forecast: ranging Since February 5, as Coinidol.com reported, buyers have pushed the price above the 21-day SMA barrier twice, but were stopped at the $0.30 high. The cryptocurrency price is rising as it approaches its previous peak.

On the upside, Cardano will reach the $0.42 high if buyers sustain the price above the moving average lines. However, the crypto will continue its range-bound movement above the $0.24 support if the recent highs are rejected. Meanwhile, it is trading at the bottom of its chart, already below the moving average lines.

Technical Indicator Key Resistance Zones: $1.20, $1.30, and $1.40

Key Support Zones: $0.90, $0.80, and $0.70

ADA price indicator analysis The 21-day and 50-day SMAs are horizontal, indicating a sideways trend. The price has remained stable while trading below the moving average lines at the bottom of the chart. On the 4-hour chart, the moving average lines are horizontal, but the 21-day SMA alternates below and above the 50-day SMA. The cryptocurrency price is trapped between them.

What is the next move for ADA? Cardano's price has slipped into the oversold region of the chart. The cryptocurrency price has remained above its bottom price of $0.24. On the 4-hour chart, the price has risen above the moving average lines, but the upward trend has been halted at the high of $0.275. If the ADA price breaks through the current barrier, it will continue to rise to a high of $0.31.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.