Market Signal Briefing

September 30, 2025 7:39 PM EDT | Source: Nu E Corp.
Calgary, Alberta--(Newsfile Corp. - September 30, 2025) - Nu E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (the "Company" or "Nu E") is pleased to announce that it intends to complete a non-brokered private placement of units of the Company (the "Units"), at a price of $0.15 per Unit, for aggregate gross proceeds of up to $250,000 (the "Offering").

Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant of the Company (each, a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one further Common Share (each, a "Warrant Share") at a price of $0.30 per Warrant Share for a period of 36 months after the closing date of the Offering. ‎

The proceeds from the Offering will be used for general working capital purposes.

The first tranche of the Offering is expected to close on or about October 7, 2025, or on any other date or dates as the Company may determine. Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all required regulatory approvals including the approval of the Canadian Securities Exchange (the "CSE"). The securities issued under the Offering will be subject to ‎a statutory hold period of four months and one day following the date of issuance.

The Company may pay a finders' fee to eligible parties of up to 7% cash and options to acquire up to 7% of the Units sold under the Offering. Such options to finders will have an exercise price of $0.15 per Unit.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the "United States" or to "U.S. persons" (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Nu E Power Corp.

Nu E Power Corp. is a green energy company focused on the developing, construction, and operating clean and renewable energy infrastructure across North America. The Company has a partnership with Low Carbon Canada Solar Limited, a subsidiary of the UK based renewables major, Low Carbon Investment Management Ltd. To facilitate non-dilutive investment into the Company with the goal of developing up to 2GW of renewable energy projects in Canada by 2030.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor ‎disapproved of the contents of this press release.‎

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology. Such forward-looking statements include, without limitation, statements regarding the timing for completion of the Offering, the anticipated use of proceeds of the Offering, and other statements that are not historical facts. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, changes in market trends, the completion, results and timing of research undertaken by the Company, risks associated with resource assets, the impact of general economic conditions, commodity prices, industry conditions, dependence upon regulatory, environmental, and governmental approvals, and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Not for distribution to U.S. newswire services or dissemination in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268649

, /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) (the "Company" or "Rocket Companies"), the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, announced today the expiration and final results of its previously announced offers to exchange and consent solicitations (collectively, the "Exchange Offers and Consent Solicitations") for the $750.0 million aggregate principal amount of outstanding 6.500% Senior Notes due 2029 (the "2029 Notes") and $1.0 billion aggregate principal amount of outstanding 7.125% Senior Notes due 2032 (the "2032 Notes" and, together with the 2029 Notes, the "Existing Notes") of Nationstar Mortgage Holdings Inc. ("Nationstar"), a subsidiary of Mr. Cooper Group Inc. ("Mr. Cooper"), for up to $750.0 million aggregate principal amount of 6.500% Senior Notes due 2029 and up to $1.0 billion aggregate principal amount of 7.125% Senior Notes due 2032 issued by the Company (the "New Rocket Notes"). The Exchange Offers and Consent Solicitations expired at 5:01 p.m., New York City time, on September 30, 2025 (the "Expiration Date"). No tenders submitted after the Expiration Date are valid.

According to information provided to the Company by D.F. King & Co., Inc., the Depositary and Information Agent for the Exchange Offers and Consent Solicitations, as of the Expiration Date, Existing Notes were validly tendered and not validly withdrawn with respect to (i) $738,075,000 aggregate principal amount of the 2029 Notes, representing approximately 98.41% of the outstanding 2029 Notes and (ii) $955,326,000 aggregate principal amount of the 2032 Notes, representing approximately 95.53% of the outstanding 2032 Notes.

The Company has accepted for exchange the Existing Notes that were validly tendered (and not validly withdrawn) in the Exchange Offers and Consent Solicitations. The "Settlement Date" for the Exchange Offers and Consent Solicitations is expected to be on October 1, 2025, substantially concurrently with, and contingent upon, the expected closing of the Mr. Cooper Acquisition.

Any eligible holder (each such holder, an "Eligible Holder" and collectively, the "Eligible Holders") that validly delivered at or prior to 5:00 p.m., New York City time, on August 15, 2025 (the "Early Tender Date") (and did not validly revoke) a consent in the Exchange Offer and Consent Solicitations in respect of Existing Notes is eligible to receive payment in cash of $2.50 per $1,000 principal amount of such Existing Notes (the "Consent Payment"). An Eligible Holder that validly tendered Existing Notes and delivered (and did not validly revoke) a consent prior to the Early Tender Date, but withdrew such Existing Notes after the Early Tender Date but prior to the Expiration Date, will receive the Consent Payment, even if such Eligible Holder was no longer the beneficial owner of such Existing Notes as of the Expiration Date.

For each $1,000 principal amount of Existing Notes validly tendered after the Early Tender Date but prior to the Expiration Date, Eligible Holders will receive $1,000 principal amount of New Rocket Notes (plus cash in respect of any fractional portion of New Rocket Notes).

On the Early Tender Date, the Company received consents sufficient to amend the applicable Indentures governing the Existing Notes to, (i) eliminate the requirement to make a "Change of Control" offer for the related Notes following the consummation of the Mr. Cooper Acquisition and future transactions, (ii) eliminate substantially all of the restrictive covenants in the applicable Indenture and the Notes, (iii) eliminate certain conditions to legal defeasance or covenant defeasance in the applicable Indenture and the Notes and (iv) eliminate all events of default other than events of default relating to the failure to pay principal of and interest on the Notes (collectively, the "Proposed Amendments"). On the Early Tender Date, Nationstar and the trustee of each series of Notes entered into a supplemental indenture to each Indenture to effect the Proposed Amendments, which became operative today, at the time that the Company accepted for exchange the Existing Notes validly tendered and not withdrawn in the Exchange Offers and Consent Solicitations.

Each New Rocket Note issued in the Exchange Offers and Consent Solicitations for a validly tendered Existing Note has an interest rate and maturity date that is identical to the interest rate and maturity date of such Existing Notes, as well as identical interest payment dates and optional redemption prices. The first interest payment for each of the New Rocket Notes will accrue interest from August 1, 2025, which is the most recent date on which interest has been paid on the corresponding Existing Note accepted in the Exchange Offers and Consent Solicitations.

The terms and conditions of the Exchange Offers and Consent Solicitations are described in an Offering Memorandum and Consent Solicitation Statement, dated August 4, 2025 (the "Offering Memorandum and Consent Solicitation Statement").

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.

J.P. Morgan Securities LLC acted as the dealer manager and solicitation agent (the "Dealer Manager") for the Exchange Offers and Consent Solicitations. D.F. King & Co., Inc. was retained to serve as both the depositary and the information agent (the "Depositary and Information Agent") for the Exchange Offers and Consent Solicitations. Questions regarding the Exchange Offers and Consent Solicitations should be directed to the Dealer Manager at (866) 834-4666 (Toll-Free) or (212) 834-7489 (Telephone). Requests for copies of the Offering Memorandum and Consent Solicitation Statement and other related materials should be directed to D.F. King & Co., Inc. at [email protected] (email), (800) 549-6864 (U.S. Toll-Free) or (212) 390-0450 (Banks and Brokers).

The New Rocket Notes and related guarantees will not be registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or in a transaction not subject to the registration requirements of the Securities Act of 1933, as amended, or any state securities laws.

Forward-Looking Statements

This press release contains statements herein regarding the proposed transaction between Rocket Companies and Mr. Cooper, which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements in this communication, other than statements of historical fact, are forward-looking statements that may be identified by the use of words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and, in each case, their negative or other various or comparable terminology. Such forward-looking statements are based upon current beliefs, expectations and discussions related to the proposed transaction and are subject to significant risks and uncertainties that could cause actual results to differ materially from the results expressed in such statements.

Risks and uncertainties include, among other things, (i) the risk that the proposed transaction may not be completed in a timely basis or at all, which may adversely affect Rocket Companies' and Mr. Cooper's businesses and the price of their respective securities; (ii) the potential failure to receive, on a timely basis or otherwise, the required approvals of the proposed transaction, including stockholder approval by Mr. Cooper's stockholders, and the potential failure to satisfy the other conditions to the consummation of the proposed transaction; (iii) the effect of the announcement, pendency or completion of the proposed transaction on each of Rocket Companies' or Mr. Cooper's ability to attract, motivate, retain and hire key personnel and maintain relationships with others with whom Rocket Companies or Mr. Cooper does business, or on Rocket Companies' or Mr. Cooper's operating results and business generally; (iv) that the proposed transaction may divert management's attention from each of Rocket Companies' and Mr. Cooper's ongoing business operations; (v) the risk of any legal proceedings related to the proposed transaction or otherwise, including the risk of stockholder litigation in connection with the proposed transaction, or the impact of the proposed transaction thereupon, including resulting expense or delay; (vi) that Rocket Companies or Mr. Cooper may be adversely affected by other economic, business and/or competitive factors; (vii) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, including in circumstances which would require payment of a termination fee; (viii) the risk that restrictions during the pendency of the proposed transaction may impact Rocket Companies' or Mr. Cooper's ability to pursue certain business opportunities or strategic transactions; (ix) the anticipated tax treatment of the proposed transaction may not be obtained, risks associated with third party contracts containing consent and/or other provisions that may be triggered by the proposed transaction; (x) the risk that the anticipated benefits and synergies of the proposed transaction may not be fully realized or may take longer to realize than expected; (xi) the impact of legislative, regulatory, economic, competitive and technological changes; (xii) risks relating to the value of Rocket Companies securities to be issued in the proposed transaction; (xiii) the risk that integration of the Rocket Companies and Mr. Cooper businesses post-closing may not occur as anticipated or the combined company may not be able to achieve the anticipated synergies expected from the proposed transaction, and the costs associated with such integration; and (xiv) the effect of the announcement, pendency or completion of the proposed transaction on the market price of the common stock of each of Rocket Companies and Mr. Cooper.

These risks, as well as other risks related to the proposed transaction, are more fully described in a registration statement on Form S-4/A (the "Registration Statement") filed by Rocket Companies with the Securities and Exchange Commission (the "SEC") on July 25, 2025 in connection with the proposed transaction. While the list of factors presented here and the list of factors presented in the Registration Statement are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Additional factors that may affect future results are contained in each company's filings with the SEC, including each company's most recent Annual Report on Form 10-K and Form 10-K/A, as it may be updated from time to time by quarterly reports on Form 10-Q and current reports on Form 8-K, all of which are available at the SEC's website http://www.sec.gov. The information set forth herein speaks only as of the date hereof, and any intention or obligation to update any forward-looking statements as a result of developments occurring after the date hereof is hereby disclaimed.

SOURCE Rocket Companies, Inc.

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HIGHLIGHTS Guanaco production guidance for 2025 has been revised to 11,000-12,000 GEOs (previously 14,000-16,000 GEOs). Guanaco is currently operating only the heap leach circuit; the agitation leach circuit remains temporarily offline following the workplace fatality reported on 26 August 2025.

HomeIndustriesEnergyIPO ReportIPO ReportFermi raises more than $680 million in its recently upsized IPO, with a valuation of $12.5 billionPublished: Sept. 30, 2025 at 7:58 p.m. ET

The pricing of Fermi Inc.’s initial public offering showed investors continue to clamor for new ways to invest in the growth of artificial intelligence, and it helps to have President Donald Trump’s name attached to it in one way or another.

The Texas-based company, co-founded by Rick Perry, a former secretary of energy in the first Trump administration, raised a lot more money than it originally expected, with reports suggesting the IPO was multiple-times oversubscribed.

About the Author

Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.

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September 30, 2025 8:00 PM EDT | Source: Bengal Energy Ltd.
Calgary, Alberta--(Newsfile Corp. - September 30, 2025) - Bengal Energy Ltd. (TSX: BNG) ("Bengal") is pleased to announce that the nominees listed in Bengal's information circular – proxy statement dated August 28, 2025, were elected as directors of Bengal at its annual and special meeting of shareholders held on September 29, 2025 in Calgary, Alberta.

On a vote by ballot, each of the following five nominees proposed by management was elected as a director of Bengal and the detailed results of such ballot vote are as follows:

Nominee Votes For Votes WithheldChayan Chakrabarty 408,222,532 (100.00%) 7,745 (0.00%)Brian J. Moss 408,228,277 (100.00%) 2,000 (0.00%)Barry Herring 408,229,277 (99.98%) 1,000 (0.00%)W.B. (Bill) Wheeler 403,381,983 (98.81%) 4,848,294 (1.19%)R. Neal Grant 408,229,277 (100.00%) 1,000 (0.00%)FOR FURTHER INFORMATION, PLEASE CONTACT:
Bengal Energy Ltd.
Chayan Chakrabarty, President & Chief Executive Officer
Jerrad Blanchard, Chief Financial Officer
Phone: (403) 205-2526
Email: [email protected]
Website: www.bengalenergy.ca

About Bengal

Bengal Energy Ltd. is an international junior oil and gas exploration and production company with assets in Australia. Bengal is committed to growing shareholder value through international exploration, production and acquisitions. Bengal's common shares trade on the TSX under the symbol "BNG". Additional information is available at www.bengalenergy.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268619

WALTHAM, Mass.--(BUSINESS WIRE)--Thermo Fisher Scientific Inc. (NYSE: TMO) (“Thermo Fisher”) announced today that it has priced an offering of $2.5 billion aggregate principal amount (the “Offering”) of the following notes:

$500 million aggregate principal amount of its 4.200% senior notes due 2031 (the “2031 notes”) at the issue price of 99.874% of their principal amount;

$750 million aggregate principal amount of its 4.473% senior notes due 2032 (the “2032 notes”) at the issue price of 100.000% of their principal amount;

$750 million aggregate principal amount of its 4.794% senior notes due 2035 (the “2035 notes”) at the issue price of 100.000% of their principal amount; and

$500 million aggregate principal amount of its 4.894% senior notes due 2037 (the “2037 notes” and, together with the 2031 notes, the 2032 notes and the 2035 notes, the “notes”) at the issue price of 100.000% of their principal amount.

The Offering is expected to close on or about October 7, 2025, subject to the satisfaction of customary closing conditions. The notes will pay interest on a semi-annual basis.

Thermo Fisher intends to use the net proceeds from the sale of the notes for general corporate purposes, which may include the acquisition of companies or businesses, repayment and refinancing of debt, working capital and capital expenditures or the repurchase of its outstanding equity securities or it may temporarily invest the net proceeds in short-term, liquid investments until they are used for their ultimate purpose.

The joint book-running managers for the Offering are J.P. Morgan Securities LLC, ING Financial Markets LLC, Mizuho Securities USA LLC and Scotia Capital (USA) Inc.

The Offering is being made pursuant to an effective registration statement on Form S-3ASR (File No. 333-285159) filed by Thermo Fisher with the U.S. Securities and Exchange Commission (the “SEC”) on February 24, 2025 and only by means of a prospectus supplement and accompanying prospectus. A preliminary prospectus supplement and an issuer free writing prospectus have been filed, and a prospectus supplement relating to the Offering will be filed, with the SEC, to which this communication relates. Prospective investors should read the issuer free writing prospectus, preliminary prospectus supplement and accompanying prospectus forming a part of that registration statement and the other documents that Thermo Fisher has filed with the SEC for more complete information about Thermo Fisher and the Offering. These documents are available at no charge by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Thermo Fisher, the underwriters or any dealer participating in the Offering will arrange to send you the prospectus and the prospectus supplement if you request it by calling J.P. Morgan Securities LLC collect at 1-212-834-4533, ING Financial Markets LLC toll-free at 1-877-446-4930, Mizuho Securities USA LLC toll-free at 1-866-271-7403, or Scotia Capital (USA) Inc. toll-free at 1-800-372-3930.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the notes, nor shall there be any offer, solicitation or sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About Thermo Fisher Scientific

Thermo Fisher Scientific Inc. is the world leader in serving science, with annual revenue over $40 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, increasing productivity in their laboratories, improving patient health through diagnostics or the development and manufacture of life-changing therapies, we are here to support them. Our global team delivers an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services, Patheon and PPD.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about timing and completion of the Offering and Thermo Fisher’s intended use of proceeds therefrom. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from currently anticipated results, including risks and uncertainties relating to capital markets conditions and completion of the Offering. Additional important factors and information regarding Thermo Fisher’s business that could cause actual results to differ materially from those indicated by such forward-looking statements are set forth in the “Risk Factors” section of the prospectus dated February 24, 2025 and the preliminary prospectus supplement dated September 30, 2025 related to the Offering and in Part 1, Item 1A. “Risk Factors” of Thermo Fisher’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and the other documents incorporated by reference into the prospectus and prospectus supplement, which are on file with the SEC and available in the “Investors” section of our website under the heading “SEC Filings.” While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if circumstances change and, therefore, you should not rely on these forward-looking statements as representing our views as of any date subsequent to today.

More News From Thermo Fisher Scientific Inc.

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Mortgage spreads have been blown out for a long time, with agency-backed mortgages trading at times more than 200 basis points above the respective Treasury yield. The mortgage REITs recognized this as an opportunity to buy government backed assets at unusually high yields.

This article is not about Dynex (DX), but we will start there as they epitomize what is going on in agency mREITs right now.

Terrence Connelly, CIO of Dynex, noted on the 2Q25 earnings call:

“Increasingly, there's a need for more private capital in the agency mortgage market and we are it. The mortgage REIT community is a huge marginal player ( ). And on many days during the quarter, mortgage REITs were the marginal buyer, and we are continuing to raise capital to deploy it. In my mind, we're the manager of choice for the agency mortgage market, we, the mortgage REIT community.”

Dynex, along with most of the other agency and hybrid mREITs, saw the opportunity in buying agency backed mortgages at blown out spreads.

So they issued equity and bought a ton of mortgages.

Connelly continued:

“We grew the investment portfolio by over $3 billion in the quarter. As Rob mentioned, we raised capital methodically above book value, and we deployed that capital in Agency MBS”

This was financed by a massive equity issuance.

S&P Global Market Intelligence

That is roughly the pattern of action most of the mREITs have followed.

Why was this such a big opportunity?

Well, agency backed mortgages are nearly as “safe” as treasuries because they are also backed by the U.S. government (albeit indirectly through the agencies). They are slightly more risky because they have prepayment risk in addition to the duration risk that is present in both treasuries and mortgages.

However, prepayment is not all that material of a risk right now because a large portion of mortgages are trading at a discount to par due to the fact that over the past 5 years mortgage rates have generally moved up. Thus, if a mortgage does get prepaid, it can sometimes even be a profitable event for the mREIT.

The idea was that there would be significant profits both in carrying yield of the securities and in mark-to-market gains if spreads ever tightened back up.

In recent weeks, the spreads have indeed tightened. 30-year mortgage yields have dropped materially, having previously been sitting at about 7%.

TradingEconomics

At the same time, 30-year treasury yields have not had the same correction, still sitting near recent highs.

TradingEconomics

On 9/4/25 the 30-year Mortgage rate ticked all the way down to 6.5%.

That represents nearly 50 basis points of spread tightening in just a couple months. Basic bond math will tell you how profitable that is to buy a long duration bond (or mortgage in this case) at a 7% yield and then have yields move to 6.5%.

The move to a 6.5% yield is accomplished by the price moving up since the coupon or interest payment is fixed.

So, Dynex is looking at a large gain on their securities portfolio. As an investment, neither DX nor its preferred look compelling. DX is trading at a significant premium to book and, in my opinion, it is a sin to buy an mREIT over book value.

mREIT preferreds are generally better buys than their commons but in the case of DX-C it is trading above par and is callable. Thus, a simple redemption at the company’s option could put an investor in the negative.

2MC

Dynex, in my opinion, is not an opportunity, but the pattern of issuing equity to buy mortgages at blown out spreads was executed by many mREITs and it has made some of their preferreds quite interesting.

AGNC Investment (AGNC) has a massive portfolio of agency RMBS that has substantially increased in value on the recent spread tightening. That asset portfolio was recently expanded with large equity issuance.

S&P Global Market Intelligence

Equity issuance is a bit of a mixed bag for common shareholders. While it expanded their capital base to take advantage of the opportunity, it also dilutes their ownership.

However, such issuance of common equity is unequivocally beneficial to the preferreds as it expands the cushion of equity underneath them. AGNC has a variety of preferreds from which to choose. We have been writing about the opportunity in these for years.

Portfolio Income Solutions

That opportunity is diminished today because it has already played out. Each of these issues has appreciated to par or above par so the capital gains potential has already been realized.

However, there is a new Series H AGNC preferred just issued with an 8.75% fixed rate coupon. It is currently trading under the ticker (AGNCZ).

SA

It might be a bit tricky to trade for a little while, but at $25.16 I think it is a great deal. It locks in that yield and is not callable for quite a while. As it is slightly above par, one would just get the 8.75%, but that is decent income.

There are some other preferreds which have capital gains potential on top of big yields. I like Armour’s (ARR) preferred C (ARR-C). At $21.39 one can potentially capture significant upside to its $25 par.

Portfolio Income Solutions

Armour is admittedly further out on the risk spectrum due to its smaller size, but recent events have significantly bolstered the fundamental safety of the preferred. ARR had a massive $302 million equity issuance in August.

S&P Global Market Intelligence

They similarly benefit from the mark-to-market gains of the spread tightening in mortgages.

A stronger and larger company makes ARR-C a bit safer, and I think it will trade up to reflect that.

Two Harbors (TWO) is traditionally considered a hybrid mREIT, but they have an $8.4B agency RMBS portfolio against an $11.2B enterprise value.

TWO

With that much capital invested in agency RMBS, they are looking at significant gains in 3Q from mortgages appreciating as mortgage rates moved down to 6.5%.

Two Harbors (TWO) has a whole slate of preferreds trading at significant discounts to par.

Portfolio Income Solutions

These are big yields and I think the firming of company fundamentals will help them trade closer to par.

General trend

mREITs have issued a ton of equity which is dilutive or neutral to common shares but a boon for preferreds. I don’t think the market is fully aware of the gains these companies have experienced from spread tightening because it won’t show up until 3Q earnings reports.

Since spreads were so wide until recently, these companies have continually lost book value. In 3Q I anticipate most of them will gain a significant amount of book value, even on a per share basis. I think it will cause a sentiment shift reducing the risk premium attributed to both common and preferred shares.

There probably is opportunity to play the common shares as well, but I generally think mREIT commons are poor investments. The preferreds strike me as the much better play with many discounted to par and large dividend yields in the 8%-11% range.

Portfolio Income Solutions has a live updated data sheet to track the price movement and opportunity in each mREIT preferred.

The Thacker Pass project is among the largest known lithium deposits in the U.S.

By

PYMNTS
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September 30, 2025

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Nubank said Tuesday (Sept. 30) that it applied for a U.S. national bank charter as it explores opportunities to expand its digital banking platform beyond Latin America.

The firm applied with the Office of the Comptroller of the Currency, it said in a Tuesday press release.

“Today our core focus remains on delivering growth in our existing markets, where we continue to see substantial opportunities for expansion,” Nu Holdings Founder and CEO David Vélez said in the release. “At the same time, applying for a U.S. national charter helps us better serve our existing customers based in the country and, in the future, connect with those who share similar financial needs and could benefit from our products and services.”

Cristina Junqueira, co-founder, chief growth officer of Nu Holdings and CEO of the emerging U.S. business, has relocated full time to the United States, according to the release.

“Nubank’s purpose continues to be to positively impact people’s lives by offering best-in-class digital financial services,” Junqueira said in the release. “While there’s work ahead, we believe that by working closely with regulators, we will soon be in a position to expand our offering to the broader U.S. market.”

Founded in 2013 and headquarter in São Paulo, Nubank currently serves nearly 123 million customers in Brazil, Mexico and Colombia, according to the release.

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In Mexico, its subsidiary, Nu Mexico, received authorization to become a bank in April and is now awaiting final operational approval, per the release.

It was reported in January that Nubank was considering expanding to the U.S., with Vélez saying the country may become a more attractive market for the company as President Donald Trump has shown an interest in promoting digital assets and in streaming banking regulations.

In February, Nu Holdings released an earnings presentation in which it said it is pursuing a “Three Act Strategy” that includes building “the largest and most loved” retail banking franchise in Latin America, expanding beyond financial services, and becoming “a global AI-driven digital banking model.”

Nubank said in August that it appointed FinTech veteran Armando Herrera to lead Nu Mexico as CEO, effective Sept. 2, and that Herrera’s expertise “will be a significant asset at this moment of the company.”

XRP’s latest price movement hammers shorts to dust, but one bear crawls back from the grave!

Published:
September 30, 2025 │ 9:07 PM GMT

Created by Kornelija Poderskytė from DailyCoin

One popular crypto currency trader took in devastating financial losses upon Ripple’s (XRP) latest bounce back. ‘Qwatio’, a crypto trader known for courageous and reckless leveraged plays in the same way as James Wynn, decided to go heavy on XRP’s short-term bearish sentiment.

$3.5M Down, XRP Bear Comes Back For a BiteStarting at a $2.85 XRP price position, the risky trader took a 20-times multiplied leverage on a multi-million XRP play. This position, originally valued at $17.6 million, was opened on Monday after this large-scale crypto player lost approximately $3.5 million on previous XRP & BTC short positions.

Indeed, XRP’s price tacked on $2.91 on Tuesday morning, which wiped out this position, as reported by OnChain Lens. Nevertheless, Qwatio quickly came back for more. Not only did they increase the position value to $15.7M, but also the XRP short-seller managed to recoup some of the losses, as Ripple coin backtracked back to $2.82.

With XRP’s price pulling back to $2.82, the courageous crypto player is now $148,000 up in unrealized profit. However, that’s not the full story – after a burned Bitcoin (BTC) short play, the trader now added a 40-times leveraged Bitcoin (BTC) short play at nearly $113K, expecting a sharp downturn after BTC established itself at this resistance level.

Discover DailyCoin’s popular crypto news:
SEC Axes XRP, ADA, SOL ETFs: Staking Dreams Crushed?
Altcoins Surge as BTC Holders HODL: Bullish Momentum Coming?

People Also Ask:Who is the XRP short-seller in question?

The trader, known on X as “qwatio” (or “Falllling” in some reports), is a high-leverage gambler famous for massive bearish bets on XRP, including borrowing millions in tokens to short amid Ripple’s price rallies.

What happened with the near-liquidation?

Qwatio’s $17.6 million short position on XRP (borrowing ~6.17M tokens at ~$2.85) faced partial liquidation when prices hit $2.9154, wiping out 1.24M XRP and adding to losses; the remaining $14.3M teeters at a $2.93 liq point.

How much has this wild trader lost so far?

Total losses exceed $3.6 million, including a prior $3.4M hit from weekend shorts on XRP and BTC that closed at a deficit during a 2% rally to $2.80+.

Did the trader come back after the hit?

Yeah, undeterred—qwatio reopened with another aggressive 20x leverage short on 555K XRP, risking full account wipeout at $2.916, doubling down on the bear play despite the bleeding.

What’s the broader market context for XRP shorts?

XRP’s at $2.82, with $8M+ in shorts liquidated recently amid $357M total crypto liqs; analysts eye a potential $44M short squeeze if it tops $2.93, fueled by post-SEC win momentum.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

In brief
The crypto market is poised to close in the green for September as Bitcoin rallies above $114k.
Altcoins like ADA and DOGE, though, aren't faring nearly as well.
Technical indicators and prediction market data diverge on the near and long-term market view.
The crypto market is nursing another day of modest losses—but they’re modest enough to escape the seasonal September curse.

Despite the sea of red today, with 82% of the top 100 coins by market cap registering losses, September is poised to end in green, with an average monthly gain of 2.7%. For those curious, if we remove Bitcoin from the equation, the altcoin market is still up roughly 0.7% for the month. Not bad, all things considered.

The global cryptocurrency market cap now stands at $4 trillion, down less than 1% over the past 24 hours, according to CoinGecko. Bitcoin has managed a modest rebound, currently trading at just over $114,400. Ethereum, meanwhile, has itself climbed roughly 1% to around $4,200. Other prominent altcoins though, such Cardano and Dogecoin, aren’t faring as well.

As we zoom out, traditional markets are showing mixed signals today. The S&P 500 and Nasdaq posted modest gains as investors digest earnings reports from tech giants. But the real action is happening in the commodities market. Gold continues its relentless march higher, trading at $3,822 per ounce after climbing 0.07% on the day—up a staggering (in terms of the gold market) 30% year-over-year. The precious metal's strength reflects ongoing concerns about inflation, tariff policies, and tensions in the Middle East that keep oil prices elevated.

The crypto market's correlation with traditional risk assets remains intact, but with a twist: While Bitcoin increasingly behaves like digital gold during market stress, altcoins are getting hammered in the rotation to relative safety. The Altcoin Season Index, which measures the strength of crypto assets against Bitcoin, plunged from 77 to 58 points over the past week, signaling that traders are either fleeing to Bitcoin or exiting the market entirely.

Bitcoin (BTC) price: The market leader holds the lineBitcoin continues to demonstrate remarkable resilience, trading above $114,000—up nearly 1% on the day despite broader market weakness. The flagship cryptocurrency has entered what Bitfinex analysts describe as a “cooling phase” that could lead to an explosive move to the upside.

Bitcoin price data. Image: TradingviewThe technical picture shows Bitcoin maintaining its golden cross formation, where the 50-day moving average (EMA50) sits comfortably above the 200-day line (EMA200). That means that the average price of Bitcoin over the short term is trading higher than the average price over the longer term. It’s a traditionally bullish configuration that suggests the medium-term trend remains intact.

Momentum indicators, however, tell a more nuanced story. Traders use the Squeeze Momentum Indicator to show what kind of market phase an asset is currently trading in, be it a bullish/bearish impulse or bullish/bearish trend. This indicator has flipped bearish, marking a shift in short-term direction that often precedes deeper corrections when combined with other weak signals.

The Average Directional Index, or ADX, for Bitcoin sits at just 18, well below the 25 threshold that traders use to confirm strong trend establishment. Think of ADX as a trend strength meter: readings below 20 indicate directionless trading where neither bulls nor bears have control, while readings above 25 signal a mature trend with follow-through potential. Bitcoin's weak ADX reading means the market lacks conviction to push decisively higher or lower, leaving it vulnerable to external shocks from macroeconomic events or regulatory developments.

In these moments, traders will often opt to set take-profit or stop-loss calculations on any open position, since markets under these conditions tend to bounce around a lot within specific support and resistance levels. For Bitcoin, that range is currently within $108K to $118K.

The Relative Strength Index, or RSI, for Bitcoin is currently at right around 50. RSI measures momentum on a scale from 0 to 100. A score of 50 indicates a balanced market trying to digest how strong this multi-month correction might be. However, the combination of weak trend strength and bearish Squeeze Momentum creates a wait-and-see environment where traders are content to let Bitcoin consolidate its year-to-date gains before committing fresh capital.

In terms of sentiment, prediction market data reflects the near-term bearishness seen in the charts. Traders on Myriad, a prediction market operated by Decrypt’s parent company Dastan, largely expect more red candles on the Bitcoin chart before tomorrow afternoon, placing those odds at 74%.

Myriad traders are also currently split on Bitcoin’s next direction, with 53% odds placed on an upward move toward $125K (a new all-time high) and 47% odds on a dip back down to $105K. For context, Myriad traders are much more bullish on gold at the moment, placing odds at 70% that the precious metal outperforms its digital counterpart for the rest of 2025.

Key Levels:

Immediate support: $109,000 (recent consolidation zone)
Strong support: $106,000 (psychological level and options concentration)
Immediate resistance: $116,000 (recent rejection point)
Strong resistance: $120,000 (approach to all-time high territory)
Cardano (ADA) price: Long-term bull meets short-term bearCardano, the ETH competitor developed by Ethereum co-founder Charles Hoskinson, today finds itself in an interesting position, according to the charts.

The token, which traders as ADA, is down roughly 1% today, trading at just above $0.80. That’s enough for a $29 billion market cap, but off by around 74% from its all-time high of $3.09 four years ago.

Cardano (ADA) price data. Image: TradingviewStill, for ADA bulls, the long-term structure remains encouraging.

The 50-day EMA for Cardano sits above the 200-day EMA and in that “golden triangle” formation that traders love so much. But the short-term momentum is soft, and the gap between the moving averages is closing, pointing to a possible “death cross” in the future.

A death cross is basically the opposite of a golden cross. If the EMA50 trades below the EMA200, it generally means the longer you hold, the more you lose. It is usually considered a solid indicator of a bearish trend, just as much as the golden cross is considered bullish for the same reasons.

The RSI for ADA is at 40, which sits in bearish-to-neutral territory, signaling consistent—if not panicky—selling. The ADX at 22 underscores the lack of a decisive trend, aligning with choppy, range-bound trading. The Squeeze Momentum Indicator in the “off” status shows bearish momentum, suggesting the downward move is already in progress rather than coiling for a breakout.

The price of ADA slipped below the psychologically important $0.80 today, with lower highs forming near-term. The market appears range-bound between roughly $0.75 (support near the EMA200) and $0.85 (resistance near the EMA50). Bulls need a reclaim and hold above $0.80–$0.82 to flip momentum; otherwise, a test of $0.75–$0.76 remains on the table.

At the moment, Myriad traders lean bullish, with the market setting the line at 55% that ADA sooner pumps to $1 than dumps all the way down to $0.60.

Key Levels:

Immediate support: $0.750 (range bottom)
Immediate resistance: $0.809 (today’s high)
Strong resistance: $0.850 (range top)
Dogecoin (DOGE) price: Channel support test in playDogecoin, the OG meme coin, fell as much as 3.3% today to $0.227 after opening at $0.235, testing critical support within an otherwise constructive longer-term setup. The day’s range—$0.236 high to $0.227 low—is a clear indication of the near-term weakness after a major correction from mid-September.

Dogecoin (DOGE) price data. Image: TradingviewLike ADA, DOGE enjoys a 50-day EMA above the 200-day EMA. Price action is tracing a rising channel, with price now hovering near the channel’s lower boundary and the EMA band—often a “buy zone” for trend followers. Hold that level and a rebound toward $0.24–$0.26 is plausible; lose it, and a breakdown toward $0.21–$0.22 becomes more likely.

RSI at 43 is neutral-to-bearish, while ADX at 17 signals “no clear trend”—conditions that punish breakout attempts and favor range tactics (buying support, selling resistance). The Squeeze Momentum Indicator mirrors ADA: bearish momentum with the squeeze “off,” implying the down move is underway rather than loading.

Despite near-term weakness, Dogecoin's fundamental backdrop has improved significantly. Bloomberg analyst Eric Balchunas is certain we’ll have a Dogecoin ETF approved by year-end, potentially opening doors for pension funds and institutional portfolios to gain DOGE exposure through regulated investment vehicles.

We all know what ETFs have done for Bitcoin and Ethereum—billions upon billions in fresh capital that have played a critical role in a multi-year bull market for crypto. Dogecoin holders are no doubt wondering if there will be enough left for them too.

Key Levels:

Immediate support: $0.227 (psychological channel lower boundary and EMA200)
Immediate resistance: $0.236 (today’s high and EMA50)
Next resistance: $0.25 (apparent zone, not strong but still in play)
Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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In brief
Defiance ETFs has debuted a new fund tracking the BITA Trillion Dollar Club Index.
The ETF gives investors exposure to companies and assets with a $1 trillion market cap or higher.
It tracks Bitcoin via BlackRock's iShares Bitcoin Trust ETF.
An exchange-traded fund tracking trillion dollar assets, including tech and crypto-related companies and products, debuted on Tuesday, the latest ETF to give U.S. investors exposure to the fast-growing digital asset and AI space. 

Miami, Florida-based Defiance ETFs' Defiance Trillion Dollar Club Index ETF, which trades as TRIL, tracks the performance of the BITA Trillion Dollar Club Index, or "trillion dollar club," an index made up of companies such as Nvidia, Tesla, Microsoft, Apple, Alphabet, Amazon, and Meta Platforms. 

TRIL also holds BlackRock's spectacularly successful iShares Bitcoin Trust (IBIT) in its portfolio and Warren Buffett's conglomerate holding company Berkshire Hathaway. 

The ETF follows a lengthy surge in Mag 7 stocks and digital asset prices the past two years. 

BlackRock's iShares (IBIT) now has close to $88 billion in assets under management and has been the most popular Bitcoin fund for institutions so far wanting exposure to Bitcoin. BTC, which is by far the biggest cryptocurrency with a market cap of over $2.2 trillion, has risen 77% over the past year. The fund received approval  from the U.S. Securities and Exchange Commission to begin trading in January 2024 along with nine other funds. 

Mag 7 stocks account for about a third of the S&P 500, which account for about a third of the index’s market value. 

"These names represent global market leaders driving the AI, cloud, semiconductor, digital asset, and next-generation technology revolutions," Defiance ETFs said in an announcement. 

Debuting on Tuesday, investors traded 5,744 shares of TRIL priced at $20 per share—a total volume of $114,800.

Defiance already offers ETFs giving investors turbocharged exposure to Bitcoin. The company's MSTX gives investors access to a leveraged position in Bitcoin treasury firm Strategy's stock, potentially amplifying gains—and losses—by 175%. 

Bitcoin was recently trading at about $114,000, roughly flat over the past 24 hours. BTC along with other crypto prices have been buffeted by macroeconomic uncertainties, including a looming U.S. government shutdown.

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The U.S. Securities and Exchange Commission (SEC) has unexpectedly asked asset managers to withdraw their ETF applications for several major altcoins, including Solana (SOL), sparking speculation around what this could mean for a bullish Solana price prediction.At first glance, the move spooked market watchers.

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The U.S. Securities and Exchange Commission (SEC) has issued a new guidance. This allows investment advisers to use state-chartered trust companies as qualified custodians for crypto assets. The move came through a no-action letter after a request from Simpson Thacher & Bartlett LLP.

SEC Guidance Clears Path for Crypto Firms to Act as Custodians
Under the Investment Advisers Act of 1940 as stated in the SEC document, advisers must hold client funds with a qualified custodian. Typically, this can be a national bank or federally recognized trust company. Until now, there was uncertainty about whether state-chartered trust companies fit that definition.

The new SEC guidance confirms they can be treated as “banks” under federal law if certain safeguards are followed. Advisers must confirm internal controls, and check that trust companies undergo regular audits. They must also disclose risks to clients and confirm custody agreements are in the best interest of investors. The SEC is also advancing rules on on-chain stock trading as part of its tokenization push.

This allows leading crypto businesses to engage in more custody activities. As such, Coinbase, Ripple through Standard Custody, BitGo, and WisdomTree, may now perform the role of custodian for registered funds and advisers. This provides regulated markets with a more convenient exposure to crypto and creates more infrastructure for digital assets.

Lawyers Hail SEC Guidance as Milestone for Digital Asset Custody
Brian Daly, Director of the SEC’s Division of Investment Management, said the clarification was needed because state trust companies had not been consistently recognized. The SEC guidance provides additional comfort to funds and advisers seeking to expand into digital asset markets, reflecting how crypto remains a top SEC priority.

Industry lawyers welcomed the move. Justin Browder, a partner at Simpson Thacher, said the SEC’s position offers “important assurances to money managers and funds” and helps sustain investment in the asset class. He credited SEC staff for constructive engagement that made the outcome possible.

The Commission stressed that the letter reflects staff views only. This is not a strict rule and may change in the future. Nonetheless, the SEC guidance marked a considerable achievement in bringing crypto custody into traditional monetary framework.

Advanced protections, such as cold storage, encryption and independent audit, are already available to State-chartered trust companies. Hence, they can easily start offering their services to institutional clients who need to protect their funds based on the new SEC guidance.

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

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

Journalist

Posted: October 1, 2025

Key Takeaways
Why is Bitcoin at risk of looping lower?
Bitcoin is at risk of looping lower because thin bid support and stacked leverage leave it exposed to liquidation cascades before any short squeeze can trigger.

What would signal bulls taking control?
Flipping $112k into a higher-low base and holding above $108k would give Bitcoin bulls footing to rebuild momentum.

Bitcoin [BTC] is sitting at a key inflection zone.

The 12H Liquidation Heatmap highlighted stacked leverage across key price levels, leaving both bulls and bears exposed. In that backdrop, the past 24 hours played out as a bear trap for bulls.

Bitcoin faces leverage trap
CoinGlass data showed over $330 million liquidated, with 53% coming from shorts. That’s the second straight day of short squeezes.

And yet, it is still a far cry from the $2 billion long squeeze from last week.

Source: CoinGlass

In short, momentum’s still lagging.

Despite BTC’s 9% dip from its all-time high, bulls haven’t fully locked in a market flip yet. Meanwhile, Bitcoin’s Open Interest (OI) has popped back over $80 billion, setting up a classic leverage-driven volatility trap.

Simply put, the market’s still looping, with no solid bid-wall to trigger a breakout.

Backing this, on Binance, the 24H Long/Short Ratio sat dead even at 50:50, keeping both sides on edge.

Bitcoin bulls still fighting for market control
September is ending on a pivotal swing for Bitcoin ahead of Q4.

At press time, BTC traded near $112,913 after a 1.12% drop. The lower wick probed $112k.

To confirm a bullish divergence, it needed a close above $108,65 (potential first higher low in nearly two weeks), giving bulls a base to rebuild momentum.

In trader terms, bulls need this support flip to hold if they want the Q4 upside thesis to stay alive. Otherwise, BTC risks looping lower, with the massive leverage stacking in the Derivatives market.

Source: TradingView (BTC/USDT)

On the flip side, the setup could fuel a squeeze if bulls defend successfully.

Short clusters set up risk-reward squeeze
Glassnode data showed that over the weekend of the 28th of September, BTC Futures built significant short exposure around $110k–$111k, setting up a classic liquidation cluster ready to be tapped.

However, as noted above, bids remain thin.

That left BTC at risk of dipping lower before any squeeze could fire.

A breakdown under $108,650 remained possible. Flipping $112k into a higher-low base was now the key buffer for bulls to defend the Q4 thesis.

Ritika Gupta is a Financial Journalist and Geopolitical Analyst at AMBCrypto, specializing in the critical intersection of world politics, economic policy, and the cryptocurrency markets. Her analysis is informed by her distinguished background, which includes professional experience at major news network.
She holds a Bachelor's degree in Political Science and Psychology from Gargi College, University of Delhi. This academic training provides her with a sophisticated framework for dissecting complex issues such as international regulations, government fiscal policies, and the geopolitical forces that directly influence asset valuations.
At AMBCrypto, Ritika applies this expert lens to synthesize macroeconomic data and political developments, offering readers a deeper context for market movements. She excels at explaining not just what is happening in the market, but why it is happening. Her work is dedicated to providing strategic insights that empower readers to understand the complex relationship between global events and their digital assets.

Anchorage Digital plans to add Solana swap and liquidity aggregator Jupiter within Porto’s dashboard, its institutional self-custody wallet. The initiative aims to expand the crypto bank’s services for traditional finance clients engaging with DeFi.

The integration of Jupiter to Porto seeks to simplify crypto conversions and other DeFi processes within the self-custody wallet. Anchorage Digital stated that the integration will reduce reliance on external applications and enhance Solana liquidity by mitigating trade slippage, which is the discrepancy between the expected and executed prices.

Anchorage seeks to maintain security and compliance within Solana

With the @JupiterExchange x Porto integration

✔️ Access Jupiter’s routing engine directly from Porto

✔️ Get optimal trade execution and minimal slippage across diverse liquidity sources in the Solana ecosystem

✔️ Swap securely right within the Porto web dashboard, no external… pic.twitter.com/XzWamcddRX

— Anchorage Digital @ TOKEN2049 (@Anchorage) September 30, 2025

The digital asset platform provider believes that institutions aren’t able to manage decentralized applications and third-party risks properly. Anchorage also noted that Jupiter users encounter difficulties accessing the platform through an institutional interface.

Nathan McCauley, CEO and Co-founder at Anchorage Digital, argued that true institutional adoption of DeFi requires foundational infrastructure that meets the highest standards of security and compliance. He also acknowledged that the integration with Jupiter is a critical step in building that foundation on Solana.

Anchorage Digital also integrated Uniswap with Porto in June as part of its efforts to provide institutions with direct access to DeFi swaps and liquidity. McCauley stated that the integration aims to enable DeFi to move at crypto-native speed without compromising security. Porto has also integrated with Maple Finance, the Sui Foundation, and decentralized exchange dYdX. 

Solana has seen increased interest among institutional investors in the wake of a friendlier regulatory and political environment for crypto in the U.S. CoinShares reported last week that investment into Solana exchange-traded products generated nearly $300 million, surpassing products tracking major altcoins, including Bitcoin and Ethereum.

The crypto-focused investment firm also reported that Solana ETPs have accounted for almost $1.9 billion in inflows year-to-date, more than other digital assets except for Bitcoin and Ethereum.

Solana ETFs await launch approval from the SEC
CoinShares’s head of research, James Butterfill, said Solana funds have seen increased inflows partly in anticipation of forthcoming exchange-traded fund (ETF) launches in the U.S. NocaDius Wealth Management president Nate Geraci hinted on Sunday that the upcoming two weeks could be enormous for U.S. spot crypto ETFs, as the SEC is expected to make decisions on multiple ETF filings.

Bloomberg ETF analyst Eric Balchunas said the odds of a Solana ETF being approved by the SEC are at 100%. He also claims that a Solana Fund could come at any time.

“Generic listing standards make the 19b-4s and their ‘clock’ meaningless. That just leaves the S-1s waiting for formal greenlight from Corp Finance. And they just submitted amendment #4 for Solana.”

–Eric Balchunas, Senior ETF Analyst at Bloomberg.

Nick Ducoff, Head of Institutional Growth at the Solana Foundation, argued that the approval of Solana ETFs is transformative for the market. He believes that the SEC’s surprise announcement minimizes the time required for issuers to navigate the filing process, giving projects like Solana a faster track to launch.

Ducoff also hinted that Solana and XRP ETFs are expected to launch around the same time. He argued that the stock market hitting new highs and the Fed lowering interest rates favor the current bull market for risk assets, such as crypto. He also noted that Solana has historically moved in line with risk-on markets, making the timing promising.

Solana is trading at around $205 at the time of publication, down 2.13% in the last 24 hours. SOL has also dropped by nearly 7% in the last seven days. 

Matt Hougan, chief investment officer at ETF issuer Bitwise, said earlier this month that the approval of Solana ETFs points towards an epic end-of-year for SOL. Jeffrey Ding, chief analyst at HashKey Group, argued that a Solana ETF could trigger speculative buying ahead of its approval, followed by a potential correction once it is launched, similar to what happened with Bitcoin and Ethereum ETFs.

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The U.S. regulator's decision to give the project's token distributions a pass represents the right get-out-of-the-way approach, Commissioner Hester Peirce said.Updated Sep 30, 2025, 8:58 p.m. Published Sep 30, 2025, 8:46 p.m.

Even before the arrival of President Donald Trump and his crypto-friendly regulators, the U.S. Securities and Exchange Commission had a crypto advocate, Commissioner Hester Peirce, who contends that a decision this week to grant DoubleZero a so-called no-action letter represents the kind of space she's long been wanting to offer blockchain pursuits.

The SEC staff agreed to the startup's request that the agency wouldn't pursue any registration complaints for tokens issued for the specific aims of DoubleZero's decentralized physical infrastructure network (DePIN). Commissioner Peirce suggested this open door for DePIN efforts keeps the SEC out of business it shouldn't be in.

"Rather than relying on centralized corporate structures to coordinate activity, DePIN projects enlist participants to provide real-world capabilities, such as storage, telecommunications bandwidth, mapping, or energy, through open and distributed peer-to-peer networks," she said in a statement. The activity doesn't trigger the Supreme Court's Howey Test — the test that decides what falls within the SEC's jurisdiction — because such projects "allocate tokens as compensation for work performed or services rendered, rather than as investments with an expectation of profit from the entrepreneurial or managerial efforts of others."

The SEC uses no-action letters to make it clear what activities it doesn't intend to pursue with enforcement actions, so a letter to a single firm can signal to an entire space what the agency's current posture is. But to reap the benefits, the activity has to stay strictly within the boundaries outlined in the SEC's letter.

"The line between tokens and securities law is getting clearer," said Austin Federa, DoubleZero co-founder, in a statement to CoinDesk. "Founders who once spent countless hours (and legal dollars) on this question can now focus on building."

DoubleZero sought to incentivize providers of infrastructure for network connectivity, such as large technology companies that control surplus fiber networks, by compensating them with tokens — in this case, the protocol's native 2Z.

"Treating such tokens as securities would suppress the growth of networks of distributed providers of services," Peirce said. "Blockchain technology cannot reach its full potential if we force all activities into existing financial market regulatory frameworks."

The agency's action drew praise from advocates of decentralized finance (DeFi)."No-Action Letters are one of the most pragmatic tools for navigating regulatory uncertainty in crypto, and the SEC's issuance of No-Action Letters shows that constructive engagement with regulators is possible,” said Amanda Tuminelli, executive director of the DeFi Education Fund, in a blog posting by the DoubleZero Foundation.

The SEC has been pursuing an aggressive course of pro-crypto policy actions under Chairman Paul Atkins. Earlier this week, he said at a roundtable event in the agency's Washington headquarters that establishing clear rules for the digital assets sector is "job one" for the SEC. Before Atkins arrived, Peirce led the agency's crypto task force and was already working on policy statements to clarify the regulator's expectations for the industry.

Read More: DoubleZero's 'New Internet' for Blockchains Nabs $400M Valuation from Top Crypto VCs

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The project enables financial institutions to manage tokenized fund subscriptions and redemptions directly from their existing systems. The latest crypto news by Coinidol.com.

Chainlink, the decentralized oracle network, announced a landmark technical solution developed in collaboration with global financial giant UBS and the global financial messaging network SWIFT.

This may become a crucial step in bridging the gap between TradFi (traditional finance) and DeFi (decentralized finance). It provides a "plug-and-play" solution that allows major financial players to access the speed and efficiency of blockchain without fully overhauling their existing technology stacks, accelerating the institutional tokenization trend.

SWIFT integration

Institutions can now trigger tokenized fund workflows using the same SWIFT messaging (ISO 20022) infrastructure they have used for decades.

By utilizing the Chainlink Runtime Environment (CRE), the solution eliminates a critical technical barrier, allowing traditional finance to seamlessly interact with complex on-chain processes.

Sergey Nazarov, Co-Founder of Chainlink, commented in the official press release:

"UBS is demonstrating how the use of smart contract-based technologies can be used by financial institutions to more readily explore new types of product lifecycle composability."

This breakthrough specifically targets the multi-trillion-dollar global fund industry, reducing operational friction, automating compliance, and paving the way for the large-scale adoption of tokenized real-world assets.

SUI price has once again found strength at its ascending support, creating expectations for another potential rebound. The chart highlights how previous recoveries from this level have triggered strong rallies, and the setup now points to a possible retest of the $4.5 resistance. Meanwhile, with institutional exposure on the horizon, the path toward higher levels looks increasingly relevant.

SUI Price Action Hints At Another Breakout From Support
SUI price has showcased multiple rallies each time it tested the ascending support since earlier this year. In April 2025, the token rebounded strongly from that level, delivering an impressive 121% surge in the following weeks. 

Then in July 2025, the same trendline once again acted as a launching point, fueling an 81% climb toward higher levels. More recently, SUI has tapped this ascending line, with projections pointing to a potential 44% rally if history repeats itself. 

The current SUI market value sits at $3.16, holding slightly above its drawn support and signaling possible continuation. If this level holds firm, the next target remains the $4.5 resistance, which has capped rallies in the past. 

Importantly, the long-term SUI price prediction includes scenarios where the token could extend beyond $5 with strong institutional backing. Recently, CoinGape predicted that a cup-and-handle formation could strengthen the SUI price forecast toward the $7.5 region.

SUI/USDT 1-Day Chart (Source: TradingView)
Coinbase Futures Listing Adds Fuel To Institutional Narrative
Coinbase confirmed that SUI futures will be listed on its derivatives platform beginning October 20. This move introduces SUI to a broader set of participants seeking greater liquidity and alternative trading options. 

Importantly, Coinbase stressed that futures listings typically open the door for deeper institutional involvement in selected tokens. The listing creates a convergence of technical strength and institutional validation within the same timeframe.

Specifically, the introduction of SUI futures could strengthen its recognition and improve its positioning among established assets. Therefore, the announcement provides additional credibility to ongoing projections that SUI may reclaim higher resistance zones in the near term.

Summary 
SUI price continues to lean on its ascending trendline, keeping hopes of another breakout alive. The Coinbase futures launch adds institutional weight that reinforces this technical narrative. Importantly, the combined backdrop of chart patterns and market expansion provides support for further upside. Therefore, expectations remain positive for a renewed test of higher resistance levels.

Frequently Asked Questions (FAQs)

The price structure reflects rebounds from ascending support, with repeated rallies reinforcing its importance.

The ascending trendline has consistently acted as strong support, triggering past rallies and guiding market expectations.

It typically increases liquidity, widens market access, and strengthens institutional participation in the asset.

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Ethereum is once again trading at a decisive level after reclaiming the $4,000 mark, a zone closely watched by traders and analysts. Bulls have managed to defend the $4,100 area, showing resilience after weeks of volatile price swings. However, momentum remains fragile, and ETH needs a decisive push above higher resistance levels to confirm that a trend shift is underway. Without such a breakout, the risk of renewed consolidation remains on the table.

Despite the uncertainty in price action, on-chain data provides a more constructive view of the market. Fresh figures reveal that whales continue to accumulate ETH even as broader sentiment has wavered. This steady inflow of capital from large holders suggests growing confidence in Ethereum’s long-term outlook, reinforcing the idea that recent corrections may represent opportunities rather than weakness.

Such accumulation has historically preceded periods of renewed strength, as deep-pocketed investors tend to build positions during phases of market doubt. If ETH can maintain its hold above $4,100 and build momentum, whale activity could provide the support needed to spark a stronger recovery. For now, all eyes remain on Ethereum’s ability to sustain this critical level and challenge higher resistance zones.

Whale Activity Signals Confidence in Ethereum
Ethereum’s recent price action has left traders uncertain, but whale behavior tells a different story. According to on-chain data from Lookonchain, large holders continue to accumulate ETH despite the recent market drop. In just the past few hours, two major transactions highlighted this ongoing trend.

A newly created wallet, 0x93c2 — which analysts suggest may belong to Bitmine — received 25,369 ETH, worth approximately $106.74 million, from FalconX only three hours ago. Such a large inflow into a fresh wallet suggests strategic accumulation, likely intended for long-term holding or staking rather than short-term trading. In parallel, another new wallet, 0x6F9b, withdrew 4,985 ETH (about $21 million) from OKX just an hour later. These moves reduce supply on exchanges, often considered a bullish sign since it limits the immediate selling pressure.

FalconX Hot Wallet moving Ethereum | Source: Lookonchain
This pattern highlights a broader market dynamic: while retail traders and smaller participants react to short-term volatility, whales appear to view the correction as an opportunity. Their accumulation not only demonstrates confidence in Ethereum’s resilience but also signals preparation for future price appreciation. Historically, consistent whale inflows into fresh wallets have coincided with periods of structural support and eventual recovery.

ETH Struggles To Reclaim $4,200
Ethereum is trading near $4,138 after a volatile week that saw the price tumble below $4,000 before bouncing back. The 8-hour chart highlights a recovery attempt, but ETH now faces significant resistance around the $4,200 level, where both the 100-period (green) and 200-period (red) moving averages converge. This confluence creates a heavy supply zone that bulls must overcome to confirm further upside momentum.

ETH testing critical resistance level | Source: ETHUSDT chart on TradingView
The recent decline from the $4,600–$4,800 range left Ethereum in a fragile state, with selling pressure intensifying during the drop. The rebound shows resilience, but price action remains capped by overhead resistance, keeping sentiment cautious. The failure to reclaim the 50-period moving average (blue) earlier underscores the challenge of reversing short-term bearish momentum.

On the downside, the $4,000 mark acts as the first critical support. A breakdown below that level could re-expose ETH to $3,800 or even $3,600, where stronger demand may appear. For now, Ethereum trades in a consolidation phase, and the next decisive move will likely depend on whether bulls can force a breakout above $4,200. A clean move higher would open the door toward $4,400, while rejection risks renewed downside pressure.

Featured image from Dall-E, chart from TradingView

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Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.
As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community.
To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.
Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance.
Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.

Michael Saylor has never shied away from grand visions, but his latest roadmap Strategy’s Bitcoin strategy may be his boldest yet.

In a wide-ranging conversation with Bitcoin Magazine, the Strategy co-founder sketched out an “endgame” where his firm builds a trillion-dollar bitcoin balance sheet — and then uses that capital base to help reinvent the global credit system.

“I think the endgame is we accumulate a trillion dollars worth of bitcoin and then we grow it 20, 30% a year,” Saylor told Bitcoin for Corporations Managing Director George Mekhail. “The endgame is get to a trillion dollars of collateral growing 30% a year” 

At the core of Saylor’s vision is scale. He believes Strategy — and other Bitcoin treasury companies likely to follow — can ultimately accumulate a trillion dollars worth of BTC. 

Once there, the mechanics of bitcoin’s long-term appreciation, historically averaging around 21% annually, would supercharge that capital stock. 

Bitcoin-backed credit with favorable yields Layered on top of that, Saylor sees new opportunities to issue bitcoin-backed credit at yields far superior to the fiat system.

The result, he argues, would be a dual flywheel: a massive store of digital collateral growing in value while simultaneously fueling the creation of digital credit markets. 

Unlike today’s fiat-based debt systems, where risk-free rates are often suppressed near zero, Bitcoin-collateralized credit could deliver healthier yields, potentially two to four percentage points above traditional corporate or sovereign debt.

That, in Saylor’s telling, could reinvigorate credit markets worldwide. Instead of investors enduring years of “financial repression” in Europe or Japan, where trillions of dollars sit in low-yielding bonds, digital credit backed by Bitcoin would provide stronger returns and greater transparency. 

With capital 2x over-collateralized, he says, the system could be safer than even the most conservative AAA corporate debt.

Traditional financial means will become indirect Bitcoin vehicles Saylor extends the vision beyond credit. As bitcoin becomes embedded in the balance sheets of corporations, insurers, banks, and even sovereign wealth funds, equity indexes like the S&P 500 would gradually become indirect bitcoin vehicles. 

That shift, he argues, would inject health into equity markets as well — allowing public companies to benefit from bitcoin’s compounding growth.

The implications stretch across finance: savings accounts yielding closer to 8–10% instead of near-zero; money market funds denominated in bitcoin rather than fiat; insurance products reimagined around bitcoin collateral.

Tech giants like Apple and Google could eventually integrate bitcoin custody and services into their global platforms, pulling hundreds of millions into the digital economy almost overnight.

In this scenario, Bitcoin treasury companies serve as the dynamos powering a new financial architecture — what Saylor calls the foundation of 21st-century banking, credit, and capital markets. 

The scale could reach tens of trillions in digital credit backed by hundreds of trillions in Bitcoin capital.

The transformation, he says, would create a world that is “smarter, faster, stronger — 10x better” than the current system, with those participating in the Bitcoin economy enjoying vast advantages over those left outside.

Over the course of the final full week in September, Strategy added 196 bitcoin to its treasury last week for $22.1 million at an average price of $113,048 per coin.

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a junior news reporter for Bitcoin Magazine, based in North Carolina.

DoorDash has launched a new delivery robot named Dot, putting the company deep into the self-driving game. Dot rolls through streets, parking lots, and sidewalks to drop food off to hungry customers. This is the company’s first real, in-house leap into autonomous delivery, without relying on external tech firms.

Before this, DoorDash tested drones and partnered with Coco Robotics, a Sam Altman–backed startup focused on sidewalk robots. But Dot changes the game, as this one was built specifically for the scale DoorDash operates at.

“The scale and complexity of the business demands something like autonomy, and there isn’t anything out there that fits our use case,” said Stanley Tang, co-founder of DoorDash, in a statement to CNBC.

DoorDash begins testing Dot in Phoenix
Tang, who heads DoorDash Labs, the company’s robotics division, said Dot was created to handle more complicated deliveries and help local shops tap into autonomous tech. Dot can hit speeds up to 20 miles per hour and carry up to 30 pounds—about six pizza boxes in total.

Right now, Dot is being tested in Phoenix, Arizona. Merchants in the area can already try it out using DoorDash’s autonomous delivery system, which also includes drones when available. The plan is to expand to other cities once things run smoothly in Phoenix.

This launch isn’t happening in isolation. Just last week, Uber made headlines with a drone delivery deal with Israeli startup Flytrex. Uber had also tried driverless food delivery using Waymo vehicles. Everyone wants in, but DoorDash is clearly moving to lock down its own turf.

Dot stands four and a half feet tall and weighs 350 pounds. It’s also 29 inches wide, making it just a bit wider than a baby stroller. That size lets it roll right up to a restaurant door. Workers can slide food directly into its shell. According to Ashu Rege, head of DoorDash Labs, Dot’s size may even let it pass through standard doorways in future designs.

Robot tech meets TikTok appeal
Dot is loaded with tech. The robot uses eight cameras and three lidar sensors to scan its surroundings. This setup helps Dot steer around stuff like traffic, blocked paths, or jammed sidewalks. There’s also a camera inside to keep an eye on the food during the ride.

Rege said at a San Francisco event that Dot wasn’t just built to move food but also to interact. “Beyond the tech details, we’ve also put a lot of thought into the personality and character of Dot,” he said. Dot has glowing LED lights that look like eyes and greets restaurant staff with a robotic “Oh, hello!” when it arrives to pick up an order.

That focus on character might be strategic. Last month, a video went viral on TikTok showing a Coco robot, one of DoorDash’s past delivery partners, trying to cross a street. In the clip, a woman cheers, “Oh my god, don’t hit Coco! Coco just wants to cross the street,” as the robot dodges traffic. Moments like that are pure internet gold, and clearly, DoorDash knows it.

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TLDR

Phantom has launched Phantom Cash, a superapp for cryptocurrency payments built on the Solana blockchain.
The new app is powered by the US dollar-pegged stablecoin CASH, designed for everyday transactions.
Phantom aims to improve crypto payments by integrating with Stripe’s global merchant network.
The stablecoin market is nearing a $300 billion cap, intensifying competition among issuers like Phantom.
Solana’s fast and scalable network makes it a key platform for stablecoin solutions and crypto payments.

Phantom has officially launched Phantom Cash, a superapp for cryptocurrency payments, built on the Solana blockchain. The new service includes the US dollar-pegged stablecoin, CASH, which aims to reshape crypto payments. This move intensifies the growing competition in the stablecoin market, which is nearing a $300 billion market cap.

Phantom’s new superapp, Phantom Cash, is designed to simplify cryptocurrency payments on Solana. The app supports the newly launched CASH stablecoin, which is pegged to the US dollar. Phantom claims existing stablecoins were not built for everyday transactions, prompting the creation of this new solution.

Phantom has released a new stablecoin on Solana

the stablecoin wars on Solana are about to heat up

the days of issuers taking all yield for themselves or doing backrun deals that cut users out are gonna end fast https://t.co/g86aG12Wul

— mert | helius.dev (@0xMert_) September 30, 2025

The stablecoin aims to make crypto payments safer and easier for users. Phantom has also promised an integration with Stripe’s global merchant network. This step will enable users to pay with cryptocurrency seamlessly across various platforms.

Phantom’s launch aims to address the current limitations in the stablecoin market. By leveraging the Solana blockchain’s speed and low transaction costs, the app promises improved usability. According to the announcement, this launch is a step toward making crypto more accessible for everyday transactions.

Solana’s Role in the Stablecoin Wars
The stablecoin market is experiencing rapid growth, with its market capitalization nearing $300 billion. Phantom’s decision to build its own stablecoin on Solana reflects a larger trend in the crypto space. Solana’s fast and scalable network makes it a prime candidate for cryptocurrency solutions, including stablecoins.

Our mission to make crypto safe and effortless remains.

Phantom Cash does just that by bridging the gap between crypto and your daily life.

— Phantom (@phantom) September 30, 2025

Experts believe this marks the beginning of the “stablecoin supercycle,” where competition will drive innovation and foster further advancements. Helius co-founder Mert emphasized that stablecoin issuers will no longer be able to take all yields for themselves. This growing competition among payment apps is expected to ultimately benefit users.

Solana has positioned itself as a key battleground in this competition. Its robust network effect and liquidity make it a crucial player in the stablecoin landscape. As Phantom Cash joins other players, including Tether and Circle, Solana’s influence in this space will only continue to rise.

A U.S.-listed spot Solana (SOL) exchange-traded fund (ETF) could be on the horizon.

Published
4 minutes ago on
September 30, 2025

Layer2 network Starknet has announced several new initiatives, including Bitcoin staking and a 100 million STRK incentive program. Other initiatives include an institutional-grade BTC yield product. 

Staking allows holders to stake their BTC on Starknet without relinquishing custody and earn rewards while contributing to the network’s security. 

Bitcoin Staking Is Live On Starknet Starknet has officially launched Bitcoin staking, along with a 100 million STRK fund to boost the BTCFi ecosystem. The project describes its Bitcoin staking initiative as the first trustless way BTC can be staked on a Layer 2 network. The initiative allows holders to earn rewards while maintaining custody of their assets, and helps secure the network. 

“Bitcoin doesn’t change. But what you can do with it is just what you did. From the June 2024 announcement that Starknet would scale Bitcoin to the product rollouts of March 2025, the path has been clear. BTCFi on Starknet is where that momentum now leads.”

The staking mechanism does not alter Bitcoin’s base layer, which utilizes a Proof-of-Work consensus mechanism and does not support staking. Starknet’s staking initiative uses wrapped versions of BTC, including WBTC, tBTC, Liquid Bitcoin, and SolvBTC. These can be delegated on Starknet and can participate in Starknet’s consensus along with the STRK token after an on-chain vote. The tokenized holdings are secured by zk-STARK cryptography, providing post-quantum security. StarkWare CEO and co-founder Eli Ben-Sasson released a statement, stating, 

“Last year, I said Starknet would unleash Bitcoin's power. Today we're making good on that promise … bringing value to bitcoin holders with no loss in trust. For me, it's two dreams converging. The ZK-tech that I willed into existence, merging with Satoshi's vision that you own your life, now you get real yield, real consensus powered by your own bitcoin.”

STRK Initiative The Starknet Foundation also announced the allocation of 100 million STRK ($12 million) to support the BTCFi ecosystem on Starknet. This includes incentivizing borrowing against BTC to make Starknet the most cost-effective avenue for using Bitcoin as collateral and powering yield strategies. Ben-Sasson added, 

“Bitcoin is the best form of collateral. Everyone from Saylor to Wall Street now realizes this, but I want you to be able to borrow against it and then invest what you're borrowing.”

BTC-Denominated Yield Product Digital asset investment firm Re7 Capital has announced plans to launch a BTC-denominated yield product on Starknet in October. The strategy is designed to generate returns directly in BTC through a combination of off-chain derivatives trading, curated DeFi yield strategies, and participation in BTC staking on Starknet. The fund will also be available in a tokenized format, making it accessible beyond professional investors. 

“When an investment firm with a strong on-chain track record of Re7's calibre brings its bitcoin product to Starknet, it’s a clear declaration of the network's great promise.”

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.