Track market-moving stories before they get noisy

Blockchain analytics platform Onchain Lens said that the U.S. government has moved around $565.87 million in seized crypto to Coinbase Prime over a few hours.

Most recently, the government moved 94.15 million Tether (USDT), which Onchain Lens described as coming from seized funds related to bankrupt crypto exchange FTX and its trading arm Alameda Research. 

This comes after a series of other transactions that added up to about $471.7 million.

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The first batch contained 3,974 Bitcoin (BTC), about $329.95 million worth. The blockchain analytics platform described it as related to the infamous Bitfinex hack. 

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Another transaction contained 657.92 BTC, $54.55 million worth, 750.19 Wrapped Bitcoin (WBTC), $62.34 million worth, and 24.89 million USDT, $24.88 million worth. 

According to Onchain Lens, all of these coins also come from seized FTX/Alameda-related assets. 

Notably, some of the crypto went through newly minted addresses before eventually landing on Coinbase Prime. 

What are these seized assets?The biggest part of these transfers is Bitcoin related to the Bitfinex hack that happened in 2016. 

In August 2016, about 119,754 BTC were stolen from cryptocurrency exchange Bitfinex. U.S. authorities later recovered over 94,000 BTC after getting access to the private keys of hacker Ilya Lichtenstein. The seizure was worth around $3.6 billion in 2022. Later, Lichtenstein pleaded guilty to a money laundering conspiracy charge. 

Moving to Coinbase Prime doesn't necessarily mean the assets are about to be sold soon. In 2024, Coinbase Prime was picked by the U.S. Marshals Service to offer custody and advanced trading for its big-cap digital assets portfolio. Sometimes, government transfers to Coinbase Prime may be related to management and custody. 

The U.S. government didn't make public the intended purpose of these particular transactions.

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Ripple headquarters in Dubai. Ripple and South Korean brokerage Meritz Securities have signed a strategic partnership to assess Ripple Custody and Ripple’s tokenization infrastructure for the country’s capital markets. The review comes as digital assets move toward formal regulatory recognition in South Korea, while the XRP price slips below $1.50.

South Korean financial firm Meritz Securities is partnering with Ripple to bring institutional digital asset custody and tokenization to the local market.

The two companies will roll out these new services in stages as South Korea's financial regulations officially embrace… pic.twitter.com/VDEyJfeJqe

— XRP Myth Buster (@XRPMythBuster) October 7, 2026 The companies plan to begin cooperation within the limits of existing securities-business rules and regulations, then consider expanding it in stages as South Korea’s digital-asset framework develops.

Meritz Securities said it is examining possible business lines that could become relevant as digital assets enter the regulated financial system.

This list helps explain why the Ripple tie-up may matter beyond custody: Meritz is assessing how several kinds of digital-asset services could fit its capital-markets business as rules change. But the company has not tied those potential activities to Ripple, nor said that any of them will proceed.

Tokenized securities can represent financial assets on a blockchain, but issuance and investor rights depend on the product and its legal structure; tokenization’s relationship to ownership and liquidity is therefore central to assessing any future offering.

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What Does the Ripple Infrastructure Review Cover?Ripple Custody is described as Ripple’s institutional digital-asset custody solution, while the company’s tokenization infrastructure is intended for use by financial institutions. Both are currently offered to global financial institutions, and Meritz and Ripple will jointly review how they could be brought to the Korean capital market.

The announcement specifies no blockchain network, custody volume, asset-issuance process, customer group, transaction mechanics, or operating model.

For financial institutions, custody and tokenization are related but distinct pieces of infrastructure: custody concerns safeguarding and managing digital assets, while tokenization concerns representing assets in digital form. The partnership does not spell out how those functions would connect in a Korean service.

Institutional custody also involves operational controls and execution requirements beyond simply holding assets, as discussed in the evolution of institutional custody and execution.

Meritz said the arrangement is intended to combine Ripple’s global digital-asset infrastructure with the brokerage’s capital-markets capabilities, and that it plans to prepare digital-asset financial services in stages as domestic rules change.

Ripple Asia-Pacific Managing Director Fiona Murray said the company would explore how digital-asset infrastructure could support the continued development of Korea’s capital markets. Neither statement sets out a delivery milestone or commits either firm to a commercial launch.

Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop

XRP Price Eyes A Bullish CatalystXRP is trading around $1.45, down 4.3% over the past 24 hours and 3.9% over the last seven days, according to CoinGecko. The token has also slipped from around $1.52 during the latest 24-hour range, suggesting sellers still have the upper hand in the near term.

The setup remains cautious, with XRP struggling to hold recent gains despite Ripple’s latest expansion into South Korea’s capital markets. Our prediction-market data puts the $1.40 area as a key downside level, while $1.60 represents the more notable upside target for October. CoinGecko

A sustained move above $1.60 could therefore shift the XRP price outlook toward a stronger recovery, while losing $1.40 could expose the token to deeper downside. For now, XRP appears to be caught between those levels, making the Ripple-Meritz partnership a potential catalyst rather than an immediate price trigger.

Discover: The Best Token Presales

Open USD (OUSD), the new stablecoin issued by Stripe subsidiary Bridge, just had a very good first week on Ethereum. Its market cap on the network climbed from about $10 million to more than $100 million in roughly seven days.

The growth was driven largely by minting from the project’s founding partners. That partner list reads like the guest roster at a payments industry gala: Coinbase, Mastercard, Shopify, Stripe and Visa.

How OUSD got to $100 million on Ethereum The rise on Ethereum is one piece of a bigger debut. OUSD’s total supply across all chains reached roughly $666 million to $722 million within days of launch. On-chain data put the figure at about $666.3 million by October 5, 2026.

Ethereum was not the main stage at first. At launch, 71% of OUSD’s supply lived on the Tempo blockchain, while about 9% sat on Ethereum.

Ethereum’s share then grew quickly. Supply on the network went from the low double-digit millions to over $100 million by early October, tracking heavy partner-driven minting. Placements with institutions and market makers added to the climb.

Activity numbers also look healthy at first glance. OUSD logged $2.6 billion in transfer volume as of October 5. The token had somewhere between 554 and 613 holders at that point.

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Those two figures together say a lot. Billions of dollars moved, but only a few hundred addresses held the coin. That is the profile of institutional plumbing, not a retail frenzy.

A heavyweight consortium with a concentration problem OUSD is the product of Open Standard, a group whose founding partners hold equal equity stakes. Coinbase, Mastercard, Shopify, Stripe and Visa collectively committed over $1 billion in initial liquidity to get the stablecoin off the ground.

The coin is fiat-backed, meaning each token is supposed to be matched by real dollars or equivalents held in reserve. OUSD’s reserves are held at BlackRock, Lead Bank and BNY Mellon. Those reserves support its $1 peg.

Businesses can mint and redeem OUSD on a 1:1 basis. There are no transaction fees and no volume limits on either side of that process.

The token is already available on Coinbase, Kraken and Uniswap. It is also accessible through Stripe, Visa and Mastercard.

On-chain data showed that 10 wallets held approximately 74% of OUSD’s total supply.

Decentralized exchange trading has been thin as well. Across all chains, DEX volume came to roughly $4.1 million in the first six days after launch.

Compare that with the $2.6 billion in transfer volume. Plenty of money is moving between wallets, but very little of it is being traded on open markets.

What this means for traders, issuers and Ethereum The most important signal from OUSD’s first week is who is using it. A large transfer volume, a small holder count and heavy wallet concentration all point to institutions and partners doing the early heavy lifting.

For traders, concentration cuts both ways. When 10 wallets control roughly 74% of supply, decisions by a few holders could swing liquidity on a given chain. Thin DEX activity also means slippage risk for anyone trying to trade larger amounts on decentralized venues.

The flip side is that redemption at 1:1 without fees or limits gives institutional holders a clean exit. That mechanism, combined with reserves at BlackRock, Lead Bank and BNY Mellon, is designed to keep the peg anchored even if on-chain trading stays light.

Several metrics will tell the real story over the coming weeks. Watch whether the holder count climbs well beyond the 554 to 613 range. Watch whether the share held by the top 10 wallets falls from around 74%. And watch whether DEX volume grows beyond the roughly $4.1 million recorded in the first six days.

Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.

In the latest trading session, Clear Secure (YOU - Free Report) closed at $42.58, marking a +2.6% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.22%. At the same time, the Dow lost 0.66%, and the tech-heavy Nasdaq lost 0.22%.

The airport security company's stock has dropped by 4.82% in the past month, falling short of the Computer and Technology sector's gain of 6.54% and the S&P 500's gain of 1.4%.

Market participants will be closely following the financial results of Clear Secure in its upcoming release. The company is expected to report EPS of $0.56, up 93.1% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $286.49 million, indicating a 25% growth compared to the corresponding quarter of the prior year.

For the full year, the Zacks Consensus Estimates project earnings of $2.2 per share and a revenue of $1.11 billion, demonstrating changes of +96.43% and +23.1%, respectively, from the preceding year.

Investors should also take note of any recent adjustments to analyst estimates for Clear Secure. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Clear Secure holds a Zacks Rank of #3 (Hold).

In terms of valuation, Clear Secure is presently being traded at a Forward P/E ratio of 18.86. This represents a discount compared to its industry average Forward P/E of 20.09.

The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 104, finds itself in the top 43% echelons of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

40 Integrations, 24 Partners in a Single Month@Chainlink has closed out September 2026 with a notable adoption milestone, disclosing 40 new integrations across 24 enterprises, blockchain networks, and decentralized finance platforms. The announcement, shared on October 7, underlines the pace at which the oracle network is expanding its footprint across both crypto-native and traditional financial institutions.

The September roster is broad by design. According to Crypto Briefing, partners plugging in during the month included @aave, @Coinbase, @Paxos, @bottomlinepay, @Infosys, @monad, and others spanning DeFi lending, major exchanges, stablecoin issuers, payments firms, and IT services companies. Also featured was @Wyostable, Wyoming's state token commission, marking a notable step into government-backed digital asset infrastructure.

The integrations did not arrive all at once. The month built steadily, with 10 integrations reported in early September, 16 more in the week of September 14 to 20, and a further 14 announced around September 27. The month then closed with the launch of CCIP 2.0 on September 28, which added enhanced security features and support for programmable cross-chain messages.

Full Tech Stack in ProductionThe September integrations span the full Chainlink product suite. The Cross-Chain Interoperability Protocol (CCIP) handles the movement of tokens and data between blockchains. Data Streams delivers low-latency market pricing, and Proof of Reserve provides on-chain attestations verifying the collateral backing stablecoins and tokenized assets. The Chainlink Runtime Environment (CRE), which enables automated multi-chain workflows, also featured in several of the new deployments.

The breadth of the partner list is part of what makes the September tally stand out. On the crypto-native side, @aave and @Coinbase are established anchors, while @monad represents a newer network requiring data and interoperability infrastructure from day one. On the institutional side, @Infosys and @bottomlinepay are not typical DeFi names, pointing to Chainlink's continued push into enterprise and payments markets. @Paxos, as a regulated stablecoin issuer, sits at the intersection of both worlds.

The scale of Chainlink's broader network continues to grow alongside the monthly integration counts. CCIP has processed significant cross-chain transfer volume in 2026, and the protocol's total value secured spans DeFi, enterprise agreements, and institutional pilots.

Sources:
Crypto Briefing: Chainlink logs 40 new integrations across 24 users in September
Chainlink: Quarterly Review Q1 2026

6 min read

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You're reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Wednesday.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc., CoinDesk Indices or its owners and affiliates.

Happy Wednesday,

This is your institutional newsletter, Crypto Long & Short. This week:

Michael Zhao of Grayscale Research on the privacy problem AI created for public blockchains, and how Zcash addresses itTop headlines institutions should pay attention to by Helene Braun“ORE Weekly Revenue Picks Up as Price Responds” in Chart of the WeekThanks for joining us!

- Kim Klemballa

Zcash: money for an age of financial privacy- by Michael Zhao, Grayscale Research

Bitcoin proved you don't need a bank to move money. But it made a trade-off: every transaction is public, forever. Anyone can see who paid whom, how much and when. Wallet addresses aren't tied to real names by default, but the payment history itself is never hidden. Zcash was built to close that gap — a cryptocurrency designed around the idea that privacy, not transparency, is what the next generation of digital money needs.

For years, Bitcoin's openness didn't matter much in practice, because turning a wallet address into a real person's name took real work — subpoenas, exchange records or expensive forensics firms.

That's changing fast. AI is incredibly good at exactly the kind of messy pattern-matching this work requires: linking wallets to exchange accounts, data leaks, social media and timing patterns. And because the blockchain never forgets, this cuts backward in time too: a transaction from 2019 can be unmasked by software that didn’t exist until 2026. AI doesn't need to crack any codes; it just needs to read public data faster and cheaper than a human ever could.

Grayscale Research argues that AI is driving a third wave of public concern about financial privacy. The first came in the 1970s as financial records went digital, and the second in the 1990s with the rise of the internet. As more real-world finance moves onto public blockchains, whether that’s stablecoins, company payments or trading activity, the concern will only get more acute. Few businesses want their payroll or supplier list visible to competitors. This isn't about hiding wrongdoing; it's the same reason why your bank doesn't publish your balance to the world. Privacy means choosing who gets to see your financial information, not eliminating oversight altogether.

This is the gap Zcash was built to fill

Launched in 2016 using Bitcoin's own code, Zcash keeps Bitcoin's core design — the 21-million-coin limit, the same mining-based security model — but adds something Bitcoin doesn't have: an option to make transactions private. In a "shielded" Zcash transaction, the network can still confirm that the payment is legitimate (no fraud, no double-spending) without revealing who sent it, who received it or how much was sent.

If someone needs to prove something to a regulator or business partner, they can share a special "viewing key" that unlocks just that information, without handing over control of their money. A full viewing key can reveal incoming transactions and the details of standard outgoing payments to whomever it's shared with. Disclosure becomes something the user grants selectively rather than something the network forces on everyone by default.

Interestingly, the idea predates Zcash by years. Bitcoin's own creator, Satoshi Nakamoto, mentioned this style of cryptography in a 2010 online post, though they admitted they didn't see how to apply it to Bitcoin at the time.

The numbers suggest people are actually using this feature, not just holding the coin. Shielded transactions have grown sharply over the past two years, even as ordinary transparent transactions stayed flat. Around 4.9 million Zcash (ZEC) — close to 29% of all coins ever mined — now sit in the shielded pool. Meanwhile, ZEC's price rose roughly 2,300% between September 2025 and September 2026. Grayscale launched a spot Zcash investment product on the NYSE in August 2026, and it attracted nearly $1 billion in assets in just over a month.

Privacy also gets stronger as more people use it: every new shielded transaction adds to a shared pool of activity that makes it harder to single out any one person. That's different from a lot of tech features — usually more users just means more traffic, not better protection for everyone already there. And because you can't "un-publish" a blockchain, privacy has to be built in from the start; it can't easily be bolted on later. Zcash keeps refining its design — an upgrade called Ironwood, released in July 2026, replaced part of the system's cryptographic engine and fixed a known security issue.

Worth noting: Zcash's privacy tools raise a real regulatory question — not whether privacy itself is illegal, but whether the selective-disclosure system it offers will satisfy regulators used to full transaction visibility. That question gets harder as global anti-money-laundering rules and the European Union's Markets in Crypto-Assets regulation (MiCA) push toward more automatic reporting, not less. How that tension resolves will likely shape how far this technology can go in mainstream finance.

If Bitcoin's founding idea was "everything is visible, and that's the point," Zcash's bet is that the next stage of digital money will be built around choice: visible when you want it to be, private when it needs to be. Zcash has been building toward that answer for a decade, while the rest of the market argued about whether the question mattered. It does.

Headlines of the week- By Helene Braun

Several of crypto’s biggest market, regulatory and tokenization stories converged this past week as the SEC cleared the way for 3x leveraged bitcoin BTC$83,336.98 and ether ETH$2,575.64 ETFs, more than 60 U.S. stocks including Nvidia and Tesla moved closer to trading onchain, BlackRock outlined how tokenization could reshape entire investment portfolios and the Clarity Act’s setback tested whether regulatory uncertainty will slow record crypto dealmaking.

SEC approves a 3x fix for bitcoin and ether traders who miss the wild swings: On Oct. 2, the agency approved a Cboe BZX rule change to allow six ETFs issued by Volatility Shares, each aiming to deliver three times the daily return of the underlying asset.More than 60 U.S. stocks including Nvidia and Tesla are headed onchain. Here’s how it works: The planned 24/7 venue will offer dozens of tokenized U.S. stocks, with trades conducted against stablecoins through blockchain-based liquidity pools rather than a traditional order book.BlackRock offers a glimpse of how tokenization may change your investment portfolio: Tokenization is not just about putting individual stocks and funds onchain. The next step could be entire investment portfolios that can be traded, rebalanced and eventually managed in real time.The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking: Crypto M&A has hit record levels, but the Clarity Act’s Senate setback leaves dealmakers weighing how much regulatory uncertainty still matters.Chart of the WeekORE weekly revenue picks up as price responds

ORE's weekly protocol revenue has rebounded from a $319,000 low in early April to $818,000 last week, and the token has followed, up from about $39 to $111 over the same span. Since January 2026 it has had roughly 1.5x the weekly beta of SOL, and it has outperformed SOL since October 2025 (+27% versus −39%), with revenue-funded buybacks as a plausible cushion.

Looking for more? Receive the latest crypto news from coindesk.com and market updates from coindesk.com/institutions.

This information must be preceded or accompanied by a current The Zcash ETF prospectus, which may be obtained by clicking here. Please read the prospectus carefully before investing. The Zcash ETF ("ZCSH" or the "Fund"), an exchange traded product, is not registered under the Investment Company Act of 1940 (or the ’40 Act) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds. An investment in ZCSH is subject to a high degree of risk and heightened volatility. ZCSH is not suitable for an investor that cannot afford the loss of the entire investment. An investment in the Fund is not a direct investment in ZEC.

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In the latest trading session, Deckers (DECK - Free Report) closed at $80.38, marking a -1.57% move from the previous day. This move lagged the S&P 500's daily loss of 0.22%. On the other hand, the Dow registered a loss of 0.66%, and the technology-centric Nasdaq decreased by 0.22%.

Coming into today, shares of the maker of Ugg footwear had lost 1.14% in the past month. In that same time, the Retail-Wholesale sector lost 3.19%, while the S&P 500 gained 1.4%.

Investors will be eagerly watching for the performance of Deckers in its upcoming earnings disclosure. In that report, analysts expect Deckers to post earnings of $1.82 per share. This would mark no growth from the year-ago period. Meanwhile, the latest consensus estimate predicts the revenue to be $1.51 billion, indicating a 5.58% increase compared to the same quarter of the previous year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.5 per share and a revenue of $5.9 billion, signifying shifts of +6.84% and +7.88%, respectively, from the last year.

It is also important to note the recent changes to analyst estimates for Deckers. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Deckers is currently sporting a Zacks Rank of #2 (Buy).

With respect to valuation, Deckers is currently being traded at a Forward P/E ratio of 10.88. This expresses a discount compared to the average Forward P/E of 14.2 of its industry.

We can also see that DECK currently has a PEG ratio of 1.27. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 1.24 as of yesterday's close.

The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 88, placing it within the top 36% of over 250 industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

AUD/USD maintains strong relationships with global cyclical equities
VIX futures influential in recent Aussie price action
AUD/JPY tracking Australian–Japanese yield spreads more closely
Contrasting technical formations put both crosses on breakout watch
The Australian dollar finds itself trading within two technical structures that could have very different implications against the US dollar and Japanese yen, putting both pairs on the watch list for potential breakouts in the short to medium term.

While risk appetite appears to be exerting greater influence on AUD/USD, relative yields have seemingly become more influential for AUD/JPY. However, there are important considerations for both pairs that traders should be aware of before contemplating potential setups.

AUD/USD and AUD/JPY: Different drivers at work
Before looking at the technical picture for both pairs, it's noticeable that AUD/JPY, which has long been regarded as a risk proxy, has more recently been behaving like a relative yields play, with AUD/USD seemingly more closely tied to risk appetite, particularly in cyclical assets.

Source: LSEG

You can see that in the correlation matrix above, with a positive and strengthening relationship between AUD/USD and industrial equities, reinforced by the very strong inverse correlation with VIX futures. There's also evidence of linkages with industrial metals, although we haven't seen the consistent strengthening witnessed against industrial equities.

Even though a degree of caution is required given the relatively short time frames, the evidence suggests risk appetite, more than yields, likely explains much of the Aussie's struggles recently.

However, when it comes to AUD/JPY, the matrix shows strong positive relationships with Australian–Japanese yield spreads across the two-year, five-year and 10-year tenors, whereas there is no meaningful relationship with cyclical assets.

Again, it's a very short window, so the message needs to be treated with a degree of caution. But more recently, relative yield movements may have been more influential on the pair.

AUD/USD: Another bearish continuation pattern emerging?

Source: TradingView

AUD/USD has been in a pronounced downtrend since the high set on September 9. Within that broader trend, we've seen a number of consolidation phases that have eventually broken down, with the pair's performance often aligned with the technical patterns it was trading in.

The latest is a structure resembling a triangle on the four-hourly chart, although the limited number of touches on either side, particularly along the rising support line, still provides reason for caution.

A level of note near where the price currently trades is the 23.6% Fibonacci retracement of the move from the Liberation Day low in April 2025 to the May 2026 high. While the price continues to trade around this level, it's arguably more of a reference point than one that could be used for trade construction.

Given the direction of travel into the structure, should it play out as convention would suggest, traders should be alert to the risk of a downside break, potentially putting a retest of the October 1 low of 0.6907 into play, where the structure initially formed.

Beyond there, levels of note on the downside include the 0.6860–0.6865 support zone, reflecting two nearby swing lows, followed by 0.6835, another low established earlier this year.

The message from the oscillators is broadly neutral, with RSI (14) sitting just beneath the 50 level, while MACD is running parallel to the signal line, both just in negative territory. That places greater emphasis on the price action in the near term.

However, it's clear from the path of travel over the past month that selling into rallies remains the preferred play unless we see a sustained break of the downtrend.

Should the triangle be broken on the topside, accompanied by a break of the September downtrend, it would weaken the case for short setups, putting levels such as 0.7004 and 0.7040 into play.

AUD/JPY: Potential falling wedge takes shape

Source: TradingView

AUD/JPY is beginning to coil in what resembles a falling wedge on the four-hourly chart. While not shown, the structure has formed following the powerful rally from the lows set during the Liberation Day rout in April 2025, strengthening the case for a potential topside breakout given its characteristics as a bullish continuation pattern.

Right now, the price finds itself towards the upper side of the structure, having pulled back following a false break on Wednesday.

109.90 is a reference point just beneath where the price currently trades, having acted as both resistance and support over recent days. While only a minor level, it looms as one that could be used for setup construction by traders unwilling to wait for a potential breakout of the broader structure.

Should we see a sustained push through descending resistance extending from the highs set in early September, 110.65 is the first level of note, marking the high set earlier this week. Beyond that, 111.00, 111.58 and 112.62 are the next topside levels to watch.

Below 109.90, the lower boundary of the structure is currently found around 108.90, although the price also spent some time trading either side of 109.50 earlier this week, putting that level on the radar.

The lower boundary is also close to 108.78, a swing low set on April 1 this year from which a savage rally ensued, making the 108.78–108.90 region a support zone of note in the near term.

The message from the oscillators is again neutral, placing greater emphasis on the price action, particularly with very little on the macro calendar over the remainder of the week.

As such, risk appetite and sentiment, including developments in crude prices and their influence on global bond yields, loom as the fundamental factors to watch in the days ahead.

At 14:35 UTC on October 7, 2026, Babylon announced that HashKey Cloud would integrate its Trustless Bitcoin Vaults, or TBV, for institutional clients using Aave v4. The companies have not set a public launch date. Their joint announcement says further timing and partnership details will arrive in the coming months.

The planned service would let a HashKey client borrow against Bitcoin that remains on the Bitcoin network. Babylon says the design avoids wrapping the asset, sending it through a bridge or placing it with a centralized intermediary. Aave v4 supplies the lending market, while HashKey Cloud provides the institutional access and operational role described by the partners.

HashKey clients would be able to borrow stablecoins and other supported assets against that collateral. The announcement also says clients could deploy borrowed stablecoins into yield strategies. It does not name the strategies, borrowing limits, collateral parameters, fees or jurisdictions that HashKey will support.

How the collateral path works Babylon’s technical overview describes a five-stage process. A depositor first locks native Bitcoin in a dedicated unspent transaction output on the Bitcoin network. Participants construct and pre-sign a transaction graph while the deposit receives confirmations. That graph fixes the permitted paths by which the Bitcoin can later be spent.

After setup, a self-custodial BTCVault is activated on Ethereum. Aave v4 can then recognize the locked Bitcoin as collateral. The borrower takes a supported asset from Aave at a market-based variable rate. Babylon’s product page lists $USDC, $USDT and $WBTC as examples of assets that may be borrowed, though the HashKey announcement does not say which assets its service will expose.

Closing the position requires repayment of the outstanding debt and accrued interest before the user requests a withdrawal. The same overview says a position is liquidated only after it falls below the liquidation threshold and that partial liquidation is supported. The HashKey release does not provide the threshold or other market parameters, so clients cannot yet calculate a position’s liquidation buffer from the announcement.

A withdrawal then enters a challenge process on Bitcoin. If no valid challenge is raised, the Bitcoin returns to the address nominated by the user. Babylon says an Ethereum event authorizes redemption, a zero-knowledge proof demonstrates that the event occurred, and the challenge mechanism determines whether the claim may proceed. The process is designed to avoid approval from a custodian, wrapped-asset issuer or signer committee.

This architecture separates the location of the collateral from the location of the loan. The Bitcoin remains locked in a Bitcoin UTXO, while Ethereum and Aave account for the collateral and debt position. It also means the borrower depends on the vault transaction graph, proof system, oracle and Aave market operating as intended.

What changes for HashKey clients HashKey Cloud already provides staking and yield infrastructure under HashKey Holding Limited. The company says it has provided node validation services since 2018 across public chains and Layer 2 networks. The integration adds a proposed borrowing route to that institutional infrastructure.

Fisher Yu, a Babylon co-founder, said HashKey Cloud would take a “core operational role in TBV” and bring native Bitcoin credit to institutional clients in Asia. He also said the self-custodial design lets regulated institutions retain title to their Bitcoin while using it as collateral. Leo Li, CEO of HashKey OnChain, described the goal as turning native Bitcoin into an asset that can be borrowed against and then deploying the proceeds.

For a client, the practical change is the ability to seek stablecoin liquidity without first selling Bitcoin or converting it into a wrapped representation. That removes an issuer and redemption process from the route. It does not remove lending risk. Babylon’s own disclosure says users remain exposed to smart-contract and implementation risk, price-oracle risk, and the risk profile of the lending application they choose.

The cost is also not limited to Aave’s variable borrowing rate. Babylon says users may pay protocol, Vault Provider and network fees. Its product page displays estimated native Bitcoin borrowing rates between 3% and 5%, alongside estimates between 0% and 5% for on-chain borrowing and between 9% and 16% for centralized borrowing. The page warns that rates and fees are variable and may change. Those ranges are product-page estimates, not terms promised to HashKey clients.

The integration is not live yet Native Bitcoin-backed borrowing through TBV is available on a public Aave v4 testnet with test assets. The HashKey announcement describes a future integration and gives no production deployment date. It also leaves open which entity will act as Vault Provider, how HashKey will handle access controls, which Aave market will hold the debt, and what collateral and liquidation settings will apply.

Those missing terms matter to institutions comparing this route with custody-based loans or wrapped Bitcoin in existing lending markets. Self-custody changes one category of counterparty exposure, but the position still depends on code, proofs, market liquidity, oracle inputs and liquidation execution. Borrowers also need the complete fee schedule to compare the advertised structure with another loan.

A prospective borrower will need several parameters before using the service: the supported debt assets, the variable rate for each asset, the liquidation threshold, oracle design, Vault Provider fees and network costs. The published flow also makes repayment operationally important because a full withdrawal requires the outstanding debt and accrued interest to be repaid. If collateral crosses the liquidation threshold first, the system supports a partial liquidation instead.

The next stated milestone is the release of integration timing and partnership details in the coming months. Until then, the verifiable state is a planned HashKey service built around a live public testnet, not a production borrowing market for HashKey clients.

Stove equity tokens tied to U.S. and South Korean markets are now available through Uniswap Apps on Arbitrum. UniswapX provides an established execution layer instead of requiring Stove to build a separate trading venue. The structure keeps securities servicing separate from the tokens designed to circulate through DeFi. Liquidity outside exchange hours and corporate actions will be more revealing than the number of stocks listed. Uniswap has added Stove Finance equity tokens tied to U.S. and South Korean markets to its apps on Arbitrum, extending tokenized stocks into infrastructure already used for onchain trading, according to the official press release.

The initial rollout is powered by UniswapX, with additional markets expected to follow. Uniswap’s own documentation confirms that UniswapX is deployed on Arbitrum, including its reactor and quoting infrastructure.

The launch puts a familiar DeFi interface in front of a less familiar market structure. Stocks still depend on national exchanges, corporate actions and traditional securities infrastructure even when their blockchain representations can trade continuously.

For Stove, keeping those two environments synchronized is the central technical challenge.

Stove Separates the Stock From Its DeFi Trading Layer A tokenized equity cannot be managed exactly like a crypto-native asset. Dividends and stock splits originate in the traditional securities system, while an onchain representation may already have moved between wallets or decentralized applications.

Stove addresses the mismatch by separating securities servicing from the token format used in DeFi.

Its founder, Daniel Lau, described the model in a Sept. 30 submission to the U.S. Securities and Exchange Commission. The SEC’s public docket confirms Lau’s filing as part of the agency’s work on tokenized NMS stocks.

The architecture is easier to understand as a transaction path than as another layer of terminology:

From Stock Market to DeFi

One asset, two different infrastructure jobs

01

Underlying Equity

The security remains tied to its home market, trading rules and corporate actions.

02

Stove Securities Layer

Ownership records and events such as dividends or splits remain connected to the underlying position.

03

DeFi-Facing Token

The circulation layer gives the position a format that can interact with wallets and decentralized applications.

04

UniswapX on Arbitrum

The token reaches an established onchain execution network without changing the rules governing the security underneath.

The blockchain layer can remain active even when the exchange trading the underlying stock is closed.

The division is important because tokenization does not remove the obligations attached to an equity. It changes the infrastructure through which exposure can circulate.

UniswapX Changes the Distribution Model Many tokenized-stock projects have required investors to enter a dedicated platform before they can trade. Stove’s integration takes a different route by putting the products inside existing DeFi infrastructure.

UniswapX uses a competitive execution model in which fillers can compete to satisfy orders. On Arbitrum, Uniswap has deployed dedicated UniswapX reactor, quoter and Permit2 infrastructure.

Stove Finance U.S. and South Korean equity tokens have landed on @Arbitrum

Trade them on Uniswap Apps. Powered by UniswapX. https://t.co/ztFNvvtQyq

— Uniswap (@Uniswap) October 7, 2026

Its current trading documentation lists Arbitrum among the supported networks for both UniswapX V2 and V3.

When integrators use Uniswap’s default best-price routing, the system can consider UniswapX alongside conventional Uniswap Protocol liquidity rather than forcing every trade through a single route.

For Stove, that provides an execution network without turning the project into another isolated tokenized-stock exchange.

The practical question shifts from whether a stock can be tokenized to whether enough liquidity develops around the token for investors to trade it efficiently.

Market Hours Create the First Real Stress Test U.S. and South Korean equities bring an unavoidable timing problem to an always-on blockchain.

When their home exchanges are open, market makers have live prices for the underlying shares and more opportunities to hedge exposure or replenish inventory. Once those exchanges close, the token can continue trading while the underlying security cannot.

News released overnight can therefore move the onchain asset before its reference market reopens.

That creates a useful test for the integration. Tight spreads during traditional market hours would indicate that liquidity providers can keep the two markets closely aligned. Wider spreads outside those hours would show how much additional compensation traders demand when the underlying security cannot be immediately accessed.

This is also why tokenized equities cannot be judged simply by whether their blockchain price matches the previous closing price of a stock. During an off-hours event, the token itself may become one of the few active venues expressing a new valuation.

The important measurement is how efficiently that difference converges once the traditional market becomes available again.

Corporate Actions Are the Harder Infrastructure Problem Trading is only the first part of an equity’s life cycle.

A dividend has to reach the economically entitled holders. A stock split must change quantities correctly. Other issuer events can alter the security even when its blockchain representation has moved into another application.

The problem becomes more complicated when tokens sit inside liquidity infrastructure rather than individual wallets. The system has to preserve the economic treatment of the underlying stock while accounting for positions that may have changed hands onchain.

This is where Stove’s separation between securities servicing and DeFi circulation has to prove useful in practice.

The first meaningful dividend or stock split affecting an actively traded Stove token will therefore reveal more about the architecture than another batch of listings.

U.S. Equities Do Not Automatically Mean U.S. Investor Access The inclusion of American stocks also requires an important legal distinction.

A blockchain token linked to a U.S.-listed company is not automatically a product authorized for sale to investors in the United States. Stove has said in its SEC submission that its existing tokenized-stock products are not currently offered there.

Meanwhile, the SEC is actively examining how tokenized NMS stocks can operate on distributed-ledger infrastructure. Its public docket includes industry comments addressing trading venues, liquidity providers and the relationship between tokenized securities and existing market infrastructure. Stove’s Sept. 30 submission is one contribution to that process, not an SEC endorsement of the company or its products.

That boundary matters as interfaces increasingly make tokenized equities look similar to ordinary crypto assets. The user experience may converge even when the regulatory treatment does not.

What to Measure After Launch Listing count is unlikely to tell much about whether the Uniswap integration succeeds.

A better test will come from trading behavior across different market conditions. Spreads while the underlying exchange is open, spreads after it closes, available liquidity at different order sizes and the speed at which price differences converge after reopening can show whether onchain and traditional markets remain effectively connected.

Corporate actions provide a second benchmark. Dividends and splits will test whether the securities layer continues to function correctly after tokens have entered DeFi circulation.

Those data need live trading history, and there is not yet enough verified evidence to claim that Stove has solved either problem.

The immediate milestone is therefore operational rather than promotional: how the first U.S. and South Korean equity tokens behave when their underlying exchanges are closed, liquidity is tested and a corporate event has to travel from a conventional stock market into an onchain position.

Alexander Zdravkov is a crypto journalist and market analyst specializing in digital assets, blockchain technology, and the rapidly evolving cryptocurrency market. He entered the industry more than four years ago, drawn to the speed of innovation in crypto and the potential of blockchain-based financial systems to reshape traditional markets. His work focuses on understanding the forces behind crypto market movements, from Bitcoin and altcoin cycles to institutional adoption, regulation, exchange-traded products, stablecoins, DeFi, and emerging blockchain ecosystems. Rather than simply following price action, Alexander looks at liquidity, investor positioning, market structure, and macroeconomic conditions to identify developing trends and explain what they could mean for digital assets. With a degree in International Relations, he brings a broader perspective to cryptocurrency coverage by connecting developments in the sector with monetary policy, geopolitics, regulation, and global capital flows. This allows him to examine crypto not as an isolated market, but as an increasingly interconnected part of the global financial system. Over the course of more than five years in financial journalism, Alexander has written over 5,000 articles covering cryptocurrencies, blockchain, traditional markets, and the global economy. His reporting spans Bitcoin, Ethereum and altcoins, DeFi protocols, institutional crypto adoption, regulation, market infrastructure, security incidents, and major developments shaping the wider digital asset industry. His approach is centered on giving readers context behind the numbers and headlines, explaining not only what is happening in crypto markets, but why it matters and what could come next.

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Bringing India's Grain Economy OnchainIndia's agritech firm Arya.ag and fintech infrastructure company Finternet are working together to bring more than $2 billion in grain reserves onto the @Avax blockchain. The initiative, announced in September 2026 at the Global Fintech Festival in Mumbai by Infosys co-founder Nandan Nilekani, targets one of the most persistent inefficiencies in Indian agriculture: slow, fragmented, and paper-heavy credit markets.

Arya.ag is one of India's largest agri-logistics and warehousing operators, currently managing over $2 billion in grain inventory across more than 12,000 warehouses nationwide. The company supports approximately $1.26 billion in loans annually, while its lending arm, Arya Dhan, issues around $230 million in loans each year.

Arya.ag is testing a system to tokenize warehouse receipts for stored grain on a dedicated Avalanche layer-1 blockchain. Finternet aggregates multiple types of data, covering the farmer, commodity, warehouse, and insurance details, into what its director Sanmesh Kalyanpur describes as a "composite token" that banks can use to assess collateral risk. Devika Mittal, Ava Labs' head of India, confirmed that testing is underway and that each tokenized receipt represents ownership of the stored commodity.

Tackling Fraud and Credit Delays for Farmers When a farmer stores grain in a warehouse, they can borrow against it instead of selling immediately, but the records showing what is stored, whether it is already pledged as collateral, and how much is owed often sit in separate systems, making it slower for lenders to confirm details before approving a loan. The Avalanche-based infrastructure addresses this directly.

The shared records are designed to help banks verify that grain used as loan collateral exists and has not been pledged elsewhere. The project includes institutional lenders such as Singularity Credit and Aryadhan, using grain inventory as collateral. Ava Labs' Devika Mittal noted the dedicated L1 is run by Arya and will scale to support other warehouse companies, adding that three major banks are already joining the network.

Arya.ag is setting up its own dedicated layer-1 blockchain built using Avalanche technology, and plans to open it to other warehouse companies in the future. The Finternet concept itself traces back to a 2024 paper by the Bank for International Settlements, co-authored by Nandan Nilekani and then-BIS General Manager Agustín Carstens, proposing an interconnected unified ledger for tokenized assets. No formal launch date or initial deployment scale has been disclosed.

Sources
Cointelegraph: Arya.ag Tests Tokenized Grain Ownership Records on Avalanche
CoinDesk: Indian Agri Warehouse Giant Is Putting $2 Billion in Grain-Backed Loans Onchain
Crypto.news: Arya.ag Puts India's $2B Grain Network Onchain

Cardano’s booth at TOKEN2049 did not feature its biggest and most popular project, Midnight. The privacy-focused blockchain is a major part of the Cardano ecosystem, yet it wasn’t featured anywhere in the branding. 

Charles Hoskinson has publicly criticized this and called it a result of governance politics at the project. 

The timing made the omission harder to ignore. Hours earlier, Midnight announced plans to support Solana wallets.

Cardano’s Biggest Project Is MissingHoskinson walked viewers through the Cardano display at TOKEN2049, which featured projects from across the ecosystem. Even SNEK, the Cardano meme coin, made the wall.

Midnight did not. This is odd because Midnight is Cardano’s largest project and NIGHT already trades on Binance as a Cardano native token.

He also suggested the Cardano Foundation helped decide what appeared on the booth, joking that Midnight may simply be so private that it refused to reveal itself.

The dispute quickly became more serious.

“The booth is a public asset for Cardano. It was funded by the Cardano community.”

— Charles Hoskinson

That matters because Cardano’s treasury is ultimately funded and governed through ADA holders and their delegates.

Midnight Finds a Warmer Welcome on SolanaThe booth dispute also exposes a broader political divide inside Cardano.

Hoskinson has repeatedly clashed with the Cardano Foundation over governance and the direction of the ecosystem. That tension resurfaced in June when a crypto fund founder called for Hoskinson’s removal, triggering a fierce community debate.

Meanwhile, Midnight is widening its reach.

At a recent Solana Summit, the team said Solana users would eventually be able to make private swaps without installing separate software.

Hoskinson publicly welcomed the move in a quote post. 

The irony is difficult to miss. A project built inside the Cardano ecosystem is now being welcomed by Solana while its own logo is missing from Cardano’s biggest conference booth.

Strike wants your Bitcoin to have a filing system.

On October 7, 2026, the Bitcoin-focused financial app founded by Jack Mallers launched Stacks. The feature lets users divide their Bitcoin holdings into up to five named buckets inside a single account.

It works like the old envelope method for household budgeting. Rent money goes in one envelope, vacation money in another, and nobody accidentally spends the mortgage on concert tickets. Strike’s version does the same thing, except every envelope holds Bitcoin.

How Stacks actually works Users can create as many as five stacks, each with its own name. The idea is goal-based saving, so one stack might be earmarked for a house down payment while another sits as a long-term reserve.

Moving Bitcoin between stacks costs nothing. Transfers between stacks and the main balance carry no fees and no limits.

There is one rule worth knowing. If you want to send Bitcoin outside of Strike, it has to travel back to the main balance first.

Each stack can also run its own recurring purchase plan, with no fee attached. This is dollar-cost averaging, usually shortened to DCA.

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For the uninitiated, DCA means buying a fixed dollar amount on a regular schedule, regardless of price. Instead of trying to time the market, you buy a little every week or month and let the averages work themselves out.

Strike already offered recurring buys before this launch. Stacks extends that by letting users attach a distinct plan, with its own savings goal and cycle, to each bucket.

So the house fund could get a weekly buy while the retirement stack gets a monthly one. Each bucket runs on its own schedule.

Cash balances stay separate from all of this. The stacks hold Bitcoin, while USD sits in its own lane.

The feature is available for both personal and business accounts. Strike says it covers every jurisdiction where the company operates.

A second launch on the same day Stacks did not arrive alone. Strike paired the announcement with a new product called Bitcoin Interest on Cash.

That offering provides a 3.6% yield on USD balances, with the yield converted to Bitcoin. In other words, your dollars earn a return, and that return shows up as Bitcoin rather than more dollars.

Both launches live entirely inside Strike’s own ecosystem. No third-party protocols or tokens are involved.

The custody picture Stacks operates within Strike’s custodial setup. That means Strike holds the Bitcoin on users’ behalf, rather than users controlling their own private keys.

According to the company, the holdings stay in multi-signature cold storage. Multi-signature means several separate keys are required to authorize a transaction, so no single compromised key can move funds. Cold storage means those keys are kept offline, away from internet-connected systems that attackers typically target.

What this means for Strike and its users There are limits worth keeping in mind. Five stacks is a cap, so users with elaborate savings plans will need to consolidate goals.

The requirement to route outgoing Bitcoin through the main balance adds a step for anyone withdrawing to a personal wallet.

The research behind this launch frames it as likely positive for both retail and institutional users looking for Bitcoin management tools. The argument is that structured savings features could improve user retention and could draw in customers who want more organized strategies.

The business account angle deserves attention too. Companies holding Bitcoin often need to separate funds by purpose, such as operating reserves versus long-term treasury, and Stacks gives them a built-in way to do that.

Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.

Nvidia (NVDA -0.74%) has been one of the most exciting stocks to own since the AI arms race kicked off in early 2023. If you had invested $5,000 in Nvidia at that time, your position would now be worth $80,000. While Nvidia is too large today to repeat that type of 16x performance again, I do think it has plenty of upside.

Nvidia remains in a prime position to keep profiting from the massive AI build-out, and that boom is expected to last at least through 2030. This leaves plenty of time for Nvidia to deliver jaw-dropping returns, so investors shouldn't be shy about investing $5,000 in the stock right now.

Image source: Nvidia.

The AI build-out is only going to intensify While various industries have been investing heavily in AI capabilities, the world has nowhere near the computing power required to undergird an AI-first economy. Bringing that much compute online will require years of massive build-outs, and Nvidia is one of the primary beneficiaries of this trend.

The company's primary offerings are graphics processing units (GPUs) and other hardware and software to support their use. GPUs are powerful parallel processors that can handle a wide array of computationally heavy workloads, making them well-suited to AI operations. Nvidia's offerings have become the industry standard against which rivals' products are measured. That puts it in a powerful position.

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The pace of the AI build-out is expected to intensify. Nvidia estimates that global data center expenditures will reach $3 trillion to $4 trillion annually by 2030.

For reference, Nvidia expects the big five AI hyperscalers to spend nearly $800 billion on AI data center capital expenditures this year. Add in other players around the globe, and the total could easily exceed $1 trillion. Yet the amount of money being spent on AI infrastructure could triple or quadruple by 2030.

That's not all. A lot of money being spent in this area right now is going toward general construction and land acquisition costs. Those categories won't account for as large a slice of the pie in the future as they do now, so Nvidia may be able to expand the share of spending it captures.

So, based on Nvidia management's longer-term guidance, it could quadruple its revenue by 2030. But would that directly correlate to stock price appreciation?

Nvidia's stock is cheap Some competitors in the AI arena already have a ton of growth priced into their stocks. This will eat into their future returns, as they need to grow their businesses just to justify the valuations the market has already established. For Nvidia, that won't be necessary.

The stock trades for nearly 30 times earnings, which is about what other big tech stocks trade at.

NVDA PE Ratio data by YCharts.

This figure has declined significantly over the past year, as the market hasn't sustained Nvidia's premium valuation. Because Nvidia is valued at a reasonable level, I think that its revenue growth will correlate directly to its stock price. So, if its top line quadruples as expected, that would turn a $5,000 investment into $20,000 by 2030.

Nvidia may not be able to replicate the returns it has produced over the past few years, but a 4x gain over four years is still a great return on investment. The AI build-out isn't slowing down, and Nvidia is one of the top stocks poised to benefit.

Nvidia (NVDA -0.74%) was once only known as the leading provider of graphics processing units (GPUs) for the video game industry. But it leaned on its strengths, helping other industries find uses for its GPUs over the years. And in recent years, the leads it gained in developing parallel processors and attracting developers to create code for them on its CUDA platform positioned it to become the top provider by far of accelerator chips for the artificial intelligence (AI) infrastructure build-out. The gains that its long-term investors have captured thanks to that multitrillion-dollar spending spree are truly incredible.

If you'd invested $1,000 in this AI stock 10 years ago, here's how much your stake would be worth today.

Image source: The Motley Fool.

Nvidia shares have generated a total return of 13,930% in the last 10 years (as of Oct. 6). This phenomenal gain would've turned a starting $1,000 investment into more than $140,000 today. The momentum has continued this year, with the stock up 28% in 2026.

Investors would struggle to find any stocks that have performed better since October 2016. Getting into this chipmaker ahead of a generational technological secular trend paid off for those who did so and held on.

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Nvidia is arguably the most important business in the world right now, as it sits at the center of the AI boom. Revenue growth, driven by insatiable demand for its data center graphics processing units, has been a key catalyst benefiting investors.

Profits have been more impressive, though. Diluted earnings per share (EPS) climbed 128% year over year in its fiscal 2027 Q2 (which ended July 26). The consensus view among sell-side analysts following Nvidia is that its EPS will rise at a compound annual rate of 65% from fiscal 2026 to fiscal 2029 as its large customers keep spending to expand their compute capacity.

Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.

IBM moves to third phase of DARPA's rigorous evaluation of approaches to building a fault-tolerant quantum computer

, /PRNewswire/ -- IBM (NYSE: IBM) today announced it has been selected for Stage C, the third phase of the Quantum Benchmarking Initiative (QBI) led by DARPA, the United States Defense Advanced Research Projects Agency. This phase will advance IBM through DARPA's verification process, in which independent experts extensively test and measure quantum hardware, technology, systems engineering, and architectures to determine if a company can build a fault-tolerant quantum computer.

IBM "Advancing to the third stage of DARPA's Quantum Benchmarking Initiative validates the strength of IBM's path to building a fault-tolerant quantum computer," said Jay Gambetta, Director of IBM Research and IBM Fellow. "IBM expects to deliver the first fault-tolerant system in 2029, and we plan to scale the value of quantum computing well beyond that timeline. We look forward to working with DARPA's team of experts as they advance their review of approaches to fault-tolerant quantum computing into the testing phase."

As an independent research and development arm of the U.S. Department of Defense, DARPA launched the QBI in 2024 to determine whether an industrially useful fault-tolerant quantum computer can be built by 2033. The program defines such a system as one whose computational value will exceed its cost. IBM has successfully progressed through the QBI's assessment process, including the first two stages that analyzed comprehensive R&D plans and risk mitigation approaches.

IBM has built the strongest quantum foundation in the industry, anchored by the largest fleet of quantum computers across the globe and Qiskit, the world's most popular quantum software. IBM's quantum computers are already being used today as scientific tools by a network of more than 340 organizations across financial services, healthcare, materials science, academia, and government as they build industrial applications and pursue algorithms to unlock the full potential of fault-tolerant quantum computing.

Last year, IBM laid out its plans to deliver the world's first fault-tolerant quantum computer, IBM Quantum Starling. Starling will combine advances in error correction, processor design, systems engineering, and more. Since then, IBM's progression has remained on course, including the demonstration of core hardware components for fault tolerance and breakthroughs in efficient error correction decoding.

Advancing to Stage C

Each successful QBI performer has progressed through three stages of the program thus far:

Stage A required organizations to submit an initial technical concept of a cost-effective, fault-tolerant quantum computer that has a plausible path to realization in the near term. Several Stage A performers were announced in April 2025. Stage B called for a comprehensive research and development plan from each company detailing how to realize such a quantum computer, as well as the risks associated with this plan and mitigation approaches. Announced today, those selected for Stage C will move beyond conceptual plans and progress to evaluation by DARPA's QBI independent verification and validation (IV&V) team as they test the companies' hardware. Alongside its participation in QBI, IBM continues to collaborate with partners across industry, government, and academia to accelerate the timeline toward fault-tolerant quantum computing.

For more information about the Quantum Benchmarking Initiative, visit the DARPA website.

About IBM

IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity and service.

For more information, visit https://research.ibm.com.

Media contacts:

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Raydium Edges Past PumpFun in 24-Hour Volume@Raydium has overtaken @Pumpfun in 24-hour decentralized trading volume, posting $192.2 million against PumpFun's $185.0 million. The gap is narrow, but the milestone carries weight given the fierce rivalry that has defined the Solana DEX landscape over the past year.

The volume lift pushed Raydium up one spot in global decentralized exchange rankings, from ninth to eighth place. For a protocol that has spent much of 2026 fighting to reclaim ground lost to PumpFun's own trading infrastructure, the move is a tangible sign of momentum.

Context: A Long-Running Battle on SolanaThe two protocols have been locked in a competitive back-and-forth since early 2025, when PumpFun launched PumpSwap, its own native automated market maker, cutting Raydium out of the token graduation pipeline it had previously relied on, where tokens completing their bonding curve on PumpFun migrated directly to liquidity pools on Raydium.

Raydium responded by launching LaunchLab, its own token launchpad. Cumulative trading volume on Raydium passed $1 trillion in May 2026, the same month its RAY token was listed by both Robinhood and Revolut. More recently, Raydium accounted for $805.2 million, or 80.5%, of the trading volume from xStocks-issued assets over a 30-day period , pointing to a broadening user base beyond memecoins.

Raydium is a Solana automated market maker where users can swap SPL tokens, supply liquidity, mint new coins, or take leveraged positions, and its pools hold close to $806 million in deposits, more than any other decentralized exchange on Solana.

Wednesday's 24-hour volume reading marks a fresh data point in a rivalry that shows little sign of cooling. Whether Raydium can sustain the edge over PumpFun, or extend its climb up the global DEX rankings, will depend on how both platforms compete for Solana's memecoin and broader DeFi trading flow in the weeks ahead.

Sources:
DefiLlama: Raydium Protocol Data
The Defiant: PumpSwap Surpasses Raydium
Datawallet: Raydium Explained 2026

 | Source: APA Corporation

HOUSTON, Oct. 07, 2026 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain third-quarter 2026 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the third quarter of 2026. It is provided to assist investors, analysts and others in formulating their own estimates and is not intended to be a comprehensive presentation of all factors that will affect third-quarter 2026 results. Actual results and the impact of factors identified here may vary materially and are subject to finalization of the financial reporting process for the third quarter of 2026.

Estimated Average Realized Prices – 3Q26 Oil (bbl)NGL (bbl)Natural Gas (Mcf)United States$87.50$26.00$1.45International$98.50$155.00*$5.00 Egypt tax barrels:36 MBoe/dDry hole costs (before tax):$25 millionNet gain on oil and gas purchases and sales (before tax)**:$190 million *The increase compared to prior quarters primarily reflects low volumes and the timing of revenue recognition
**Includes $8 million realized gain from commodity derivatives

Weighted-average shares outstanding

The estimated weighted-average basic common shares for the third quarter are 348 million. APA repurchased 10.5 million shares at an average price of $42.78 per share during the third quarter.

General and administrative

During the third quarter, APA incurred general and administrative expenses totaling approximately
$115 million. This includes $56 million of stock-based compensation, most of which reflects the mark-to-market impacts of APA’s share price during the quarter.

Third-quarter 2026 earnings call

APA will host a conference call to discuss its third-quarter 2026 results at 10 a.m. Central time, Thursday, Nov. 5. The conference call will be webcast from APA’s website at www.apacorp.com and investor.apacorp.com. Following the conference call, a replay will be available for one year on the “Investors” page of the company’s website.

About APA

APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com.

Forward-looking statements

This news release contains 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. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “continues,” “could,” “estimates,” “expects,” “goals,” “guidance,” “may,” “might,” “outlook,” “possibly,” “potential,” “projects,” “prospects,” “should,” “will,” “would,” and similar references to future periods, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about our estimated third-quarter 2026 results. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depends on a number of risks and uncertainties which could cause our actual results, performance and financial condition to differ materially from our expectations, including as a result of the completion of quarter-end closing and financial reporting procedures, final determination of realized prices, final accruals and estimates for costs and taxes, and subsequent events. See “Risk Factors” in APA’s Form 10-K for the year ended December 31, 2025, and in our quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission for a discussion of risk factors that affect our business. Any forward-looking statement made in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. APA and its subsidiaries undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

APA-F

Morgan Stanley proposes converting eight Eaton Vance municipal bond mutual funds holding nearly $10 billion into ETFs. Here’s what changes for shareholders.

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Shareholders in eight Eaton Vance municipal bond funds will soon get a ballot deciding whether their fund becomes an ETF, according to Morgan Stanley Investment Management. Morgan Stanley Investment Management (MSIM), the asset management arm of Morgan Stanley (NYSE:MS | MS Price Prediction), announced on September 16, 2026, that it wants to convert eight municipal bond mutual funds holding nearly $10 billion in assets as of August 31, 2026.

The funds’ Boards of Trustees approved the proposed reorganizations, subject to approval by shareholders of each mutual fund and satisfaction of other closing conditions.

Eaton Vance is part of Morgan Stanley Investment Management. Every fund in the proposal carries the Eaton Vance name.

Eight Eaton Vance Funds Are on the Ballot Morgan Stanley Investment Management said seven of the funds would become newly created, actively managed ETFs and one would fold into an existing ETF. The funds are:

Eaton Vance National Municipal Income Fund Eaton Vance California Municipal Opportunities Fund Eaton Vance New York Municipal Income Fund Eaton Vance Municipal Opportunities Fund Eaton Vance National Ultra-Short Municipal Income Fund Eaton Vance Short Duration Municipal Opportunities Fund Eaton Vance High Yield Municipal Income Fund Eaton Vance National Limited Maturity Municipal Income Fund The last fund on that list would merge into the already-trading Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM), the only ETF ticker named. MSIM hasn’t announced tickers for the seven new ETFs.

What Actually Changes for a Muni Bond Investor Pricing. Mutual fund shares trade once daily at net asset value (NAV). ETF shares trade all session at market prices that can sit above or below NAV.

Municipal bonds trade infrequently, so a fund’s quoted value can drift from actual trading prices. Premiums and discounts can widen in stressed markets.

Taxes. The standard argument for ETFs is their tax efficiency. ETFs can hand off appreciated bonds through in-kind redemptions (swapping securities instead of selling them for cash), which tends to reduce capital gains distributions.

Qualifying municipal interest generally remains federally tax-exempt in either structure, while capital gains distributions remain taxable. The reorganizations are intended to qualify as tax-free exchanges, although cash paid for fractional shares can create taxable gains or losses. Portfolio sales related to the conversions may also produce taxable capital gains distributions.

Holders of the California and New York funds face a separate question about state taxes. Check the proxy for how in-state treatment carries over.

Account mechanics. Automatic monthly contributions and automatic reinvestment of distributions don’t always transfer over to an ETF. Not every brokerage supports fractional ETF shares. These reorganizations will pay cash in lieu of fractional ETF shares, potentially creating taxable gains or losses. Investors generally must hold their shares in an ETF-compatible brokerage account by January 20 or February 3, 2027, depending on the fund, to receive ETF shares. Otherwise, their holdings may be liquidated for cash. Fund-direct IRAs have separate provisions. Be sure to ask your brokerage how automatic investments and distribution reinvestment will work after the conversion occurs.

What Shareholders Need to Know Before Voting MSIM’s SEC-filed FAQ says the combined proxy statement and prospectus was filed September 16, 2026, with mailing expected around October 30. Read the materials for each fund you own.

Fund reorganizations need approval from a set share of outstanding shares. An unreturned ballot can effectively work against the proposal. Voting either way is the only way to have a say.

MSIM Makes Its Case “The appetite for actively managed municipal ETFs is growing,” said Ally Wallace, Global Head of ETFs at Morgan Stanley Investment Management, in the September 16, 2026 announcement. Craig Brandon, co-head of Municipal Investments, cited strong demand for municipal investment strategies and highlighted how active management may give investors better insight into opportunities and risks.

The firm says it has converted five fixed-income mutual funds into ETFs. It points to the Eaton Vance Total Return Bond ETF (NYSE:EVTR), which Morgan Stanley Investment Management says converted in March 2024 and grew from $363 million to over $6 billion as of August 31, 2026.

Asset growth after a conversion demonstrates demand for the ETF structure, but it tells a current shareholder nothing about their own future returns or tax bill.

A Bigger Shift Toward ETFs Fund companies have been moving mutual fund assets into ETFs. Another player, Northern Trust (NASDAQ:NTRS), has announced its own plans, covered in our report on its conversions.

Contact [email protected] for any questions or corrections.

, /PRNewswire/ -- AGNC Investment Corp. (Nasdaq: AGNC) announced today that its Board of Directors has declared a cash dividend of $0.12 per share of common stock for October 2026. The dividend is payable on November 10, 2026 to common stockholders of record as of October 30, 2026.

For further information or questions, please contact Investor Relations at (301) 968-9300 or [email protected].

ABOUT AGNC INVESTMENT CORP.
Founded in 2008, AGNC Investment Corp. (Nasdaq: AGNC) is a leading investor in Agency residential mortgage-backed securities (Agency MBS), which benefit from a guarantee against credit losses by Fannie Mae, Freddie Mac, or Ginnie Mae. We invest on a leveraged basis, financing our Agency MBS assets primarily through repurchase agreements, and utilize dynamic risk management strategies intended to protect the value of our portfolio from interest rate and other market risks.

AGNC has a track record of providing favorable long-term returns for our stockholders through substantial monthly dividend income, with over $16 billion of common stock dividends paid since inception. Our business is a significant source of private capital for the U.S. residential housing market, and our team has extensive experience managing mortgage assets across market cycles. AGNC is a member of many broad market indices, including the S&P MidCap 400, the S&P Composite 1500, the Russell 1000, the Russell 3000, and the Nasdaq Composite. To learn more about The Premier Agency Residential Mortgage REIT, please visit www.AGNC.com, follow us on LinkedIn and X, and sign up for Investor Alerts.    

CONTACT:
Investor Relations - (301) 968-9300

SOURCE AGNC Investment Corp.

, /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, announced today that its Board of Directors declared a quarterly dividend of $0.24 per outstanding share of Carrier common stock. The dividend will be payable on Nov. 18, 2026, to shareowners of record at the close of business on Oct. 29, 2026.

About Carrier
Carrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating innovations that bring comfort, safety and sustainability to life. Through cutting-edge advancements in climate solutions such as temperature control, air quality and transportation, we improve lives, empower critical industries and ensure the safe transport of food, life-saving medicines and more. Since inventing modern air conditioning in 1902, we lead with purpose: enhancing the lives we live and the world we share. We continue to lead because of our world-class, inclusive workforce that puts the customer at the center of everything we do. For more information, visit carrier.com or  follow Carrier on social media at @Carrier.

Carrier. For the World We Share.

Cautionary Statement
This communication contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. These forward-looking statements are intended to provide management's current expectations or plans for Carrier's future payment of a dividend, based on assumptions currently believed to be valid. Forward-looking statements can be identified by the use of words such as "believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target," "anticipate," "will," "should," "see," "guidance," "outlook," "confident," "scenario" and other words of similar meaning in connection with a discussion of future operating or financial performance. Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, share repurchases, tax rates and other measures of financial performance or potential future plans, strategies or transactions of Carrier, Carrier's plans with respect to its indebtedness and other statements that are not historical facts. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. For additional information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, see Carrier's reports on Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission from time to time. Any forward-looking statement speaks only as of the date on which it is made, and Carrier assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

CARR-IR

Contact:

Media Inquiries

  Kristina Pantelides

  561-236-4241

  [email protected]

      Investor Relations

  Michael Rednor

  561-365-2020

  [email protected]

SOURCE Carrier Global Corporation

7 hours ago

Injective has released a new version of its whitepaper, marking the first full rewrite since the original launch in December 2018. The initial whitepaper centered on a front-running-resistant trading protocol built on Ethereum, while the updated version positions Injective as a Layer 1 blockchain for institutional-grade finance and asset tokenization, covering the full lifecycle of tokenized assets—from issuance and trading to settlement. The whitepaper details a native real-world asset (RWA) tokenization framework that establishes role-based permissions for minting, transferring, receiving, and burning assets. Its iAssets feature leverages stablecoin margin and oracle pricing to offer derivatives tracking external assets, eliminating the need for wrapping or pre-funding. Tokenized assets are traded on a fully on-chain central limit order book (CLOB), with sealed high-frequency batch auctions executed per block to clear at a uniform price, mitigating front-running and transaction-ordering miner extractable value (MEV). Byzantine Fault Tolerant (BFT) consensus delivers deterministic finalization, with block times averaging around 600 milliseconds. The new whitepaper also covers native Ethereum Virtual Machine (EVM) and WebAssembly (WASM) environments sharing a unified state, perpetual contract risk management, and AI agent finance. AI agents can interact with tokenized assets via MCP servers, strategy-constrained signatures, and x402 machine payments denominated in USDC. On-chain protocol revenue will be allocated to regular INJ community buyback programs.

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KANSAS CITY, Mo.--(BUSINESS WIRE)--UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the third quarter 2026 after market hours on Tuesday, October 27, 2026. The company plans to host an investor conference call to discuss these results on Wednesday, October 28, at 8:30 a.m. (CT) / 9:30 a.m. (ET).

Interested parties may access the call by dialing (toll-free) 833-461-5787 or (international) 585-542-9983 and requesting to join the UMB Financial call with conference ID 376 166 699.

The live webcast may also be accessed by visiting investorrelations.umb.com or by using the following link:

UMB Financial 3Q 2026 Conference Call

A replay of the conference call may be heard through November 11, by calling (toll-free) 833-309-1852 or (international) 929-828-5978. The replay access code required for playback is 376 166 699. The call replay may also be accessed at investorrelations.umb.com.

About UMB:

UMB Financial Corporation (Nasdaq: UMBF) is a financial services company headquartered in Kansas City, Missouri. UMB offers commercial banking, which includes comprehensive deposit, lending, investment and retirement plan services; personal banking, which includes comprehensive deposit, lending, wealth management and financial planning services; and institutional banking, which includes asset servicing, corporate trust solutions, investment banking and healthcare services. UMB operates branches throughout Missouri, Arizona, California, Colorado, Iowa, Kansas, Illinois, Minnesota, Nebraska, New Mexico, Oklahoma, Texas, Utah and Wisconsin. As the company’s reach continues to grow, it also serves business clients nationwide and institutional clients in several countries. For more information, visit UMB.com, UMB Blog, UMB Facebook and UMB LinkedIn.

NEW YORK, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its third quarter 2026 earnings before the market opens on Thursday, October 22, 2026.

Valley’s CEO, Ira Robbins will host a conference call on Thursday, October 22, 2026 at 8:30 AM (ET) to discuss Valley’s third quarter 2026 earnings. Interested parties should pre-register using this link: https://register-conf.media-server.com/register/BIc78e7eea64034897b9189c4e4fb690d9 to receive the dial-in number and a personal PIN, which are required to access the conference call.

The teleconference will also be webcast live: https://edge.media-server.com/mmc/p/8hirkq3z and archived on Valley’s website through Monday, November 23, 2026.

Investor presentation materials will be made available prior to the conference call at www.valley.com.

About Valley

As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional financial institution with over $66 billion in assets. Founded in 1927, Valley has more than 220 branch locations and commercial offices nationwide and serves clients across New Jersey, New York, Florida, Alabama, California, Illinois, Pennsylvania and Arizona. Valley delivers a full range of consumer, commercial, and wealth management solutions designed to support everything from homeownership and business growth to long-term financial planning. Big enough to support complex financial needs and small enough to stay deeply connected, Valley is grounded in a relationship-led approach focused on understanding people first. That same relationship-led approach guides Valley’s commitment to community investment and responsible corporate citizenship. To learn more, visit www.valley.com or call the Valley Customer Care Center at 800-522-4100.

Contact:Travis Lan Senior Executive Vice President and Chief Financial Officer 973-686-5007

Twilio Inc (NYSE:TWLO), the cloud communications company, has seen its shares rise 97% this year to new highs, leaving investors increasingly nervous ahead of third-quarter earnings, for which no date has been set.

Jefferies says investors are focused on three questions: whether gross profit dollar growth can accelerate further, how personal artificial intelligence (AI) assistants affect voice AI, and whether hyperscalers, the largest cloud providers, could compete with Twilio.

Gross profit dollar growth has accelerated from about 8% to about 18% over the past year, and the second-quarter beat of 7% was the highest in that time.

Several investors say growth must accelerate again in the third quarter to support the stock, and Jefferies expects 19% to be very achievable, with 20% or more possible.

Adding the same amount of gross profit dollars as in the second quarter would produce growth of 19%, even though quarter-on-quarter and year-on-year comparisons are tougher.

A stronger macro backdrop, continued growth in high-margin voice AI revenue and last year’s seasonal pattern, which showed a slight quarter-on-quarter improvement, could lift growth to 20% or better.

Personal AI assistants, particularly Muse and Instinct, have seen adoption surge recently, and their new calling ability has added to enthusiasm about fast voice AI volume growth.

No documentation confirms that Twilio supplies infrastructure to either assistant, but the analyst expects wider use of voice AI agents to benefit the company over the long term.

Microsoft’s recent introduction of a solution that competes directly with ElevenLabs, a key player in the voice AI technology stack, has revived concerns about competition from hyperscalers.

The analyst said Twilio’s value in voice AI extends beyond what ElevenLabs provides and does not see near-term risk, although it expects management to face questions about hyperscaler competition.