Market Signal Briefing

23.24K Followers

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Nvidia is planning to launch an open-source platform for artificial intelligence agents called 'NemoClaw,' tapping into the growing popularity of the AI tools, Wired reported Tuesday.

Citing anonymous sources familiar with the matter, the report said Nvidia has started pitching the product to enterprise software companies, seeking partnerships with Salesforce, Cisco, Google, Adobe, and CrowdStrike.

Nvidia and its potential partners did not immediately respond to a request for comment.

It remains unclear whether any official partnerships have been finalized. Because the platform is expected to be open source, partners would likely get free usage, with early access granted in exchange for contributing to the project, the sources told Wired.

The report said that the platform will allow these companies to dispatch AI agents to perform tasks for their employees and is expected to include security and privacy tools.

Companies will be able to access the platform regardless of whether their products run on Nvidia's chips, it added.

Nvidia has started to invest more resources into AI agents, as companies shift from large language models to more specialized tools that can reason, plan and act independently on complex, multi-step tasks.

For example, the company has released foundational models designed to power AI agents such as Nemotron and Cosmos in recent months.

It also has expanded its 'NeMo' platform, which helps clients manage the full AI agent lifecycle — from data curation and customization to monitoring and optimization.

Nvidia's interest in agents also comes as people are embracing so-called "claws"— open-source AI tools that run locally on a user's machine and perform sequential tasks.

Such AI agents were made famous by OpenClaw — which was first called Clawdbot, then Moltbot — when it burst onto the scene at the start of this year. OpenAI ultimately acquired the project and hired its creator.

However, experts have flagged many security risks associated with OpenClaw's nascent AI tools, especially for enterprise customers that Nvidia is now reportedly targeting with its AI agent platform.

The move comes as Nvidia prepares for its annual developer conference in San Jose next week, which is expected to include announcements and roadmaps on the company's hardware and software offerings.

— Read more about Nvidia's NemoClaw plans in Wired's report.

Idorsia and Pharmalink enter into an exclusive distribution and commercialization agreement for QUVIVIQ™ (daridorexant) in the United Arab Emirates (UAE), Kuwait, Qatar, Oman, and Bahrain Allschwil, Switzerland – March 10, 2026
Idorsia Ltd (SIX: IDIA) has entered into an exclusive agreement with Pharmalink Drug Store L.L.C for the distribution and commercialization of QUVIVIQ™ (daridorexant) – its treatment for adults with insomnia – across the United Arab Emirates (UAE), Kuwait, Qatar, Oman, and Bahrain.

Srishti Gupta, MD, Chief Executive Officer of Idorsia, commented:
“We are delighted to partner with Pharmalink, a leading healthcare provider that shares our bold vision for QUVIVIQ‘s growth across the UAE and other Gulf states. I am confident that this partnership will ensure that many patients gain access to our innovative treatment for insomnia – the only medication to have shown improvement on daytime functioning and treat insomnia as a 24-hour disorder.”

Abdul Rauf Jabour, MD, Chief Executive Officer of Pharmalink, commented: 
"We are extremely pleased to partner with Idorsia to introduce QUVIVIQ to the UAE and the wider Gulf Cooperation Council (GCC) region. Insomnia is highly prevalent in the GCC region and an innovative brand like QUVIVIQ would rightly address the patient’s needs."

Under the terms of the agreement, Idorsia will receive an upfront payment and hold the Marketing Authorizations for the countries. Upon regulatory approval, Idorsia will supply to Pharmalink finished drug product at an agreed price. Pharmalink will be responsible for distribution, promotion and sale of the product in the specified territory.

QUVIVIQ – a different kind of insomnia treatment
Insomnia affects millions worldwide, yet commonly used treatments can lead to next-day drowsiness, dependence, and withdrawal symptoms – leaving a clear unmet need for safer, effective alternatives.

Discovered by Idorsia, QUVIVIQ works differently from traditional hypnotics. As a dual orexin receptor antagonist, it selectively targets the orexin system, helping to regulate overactive wake signaling without broadly suppressing brain activity. Its optimized pharmacokinetics promote restorative sleep throughout the entire night, reducing morning sleepiness and improving daytime functioning.

Clinical trials published in The Lancet Neurology demonstrated that daridorexant significantly improved sleep onset, sleep maintenance, and self-reported total sleep time at 25mg and 50mg doses compared to placebo. Daridorexant 50 mg also demonstrated a highly significant improvement in daytime functioning compared to placebo.

Global availability
QUVIVIQ is marketed by Idorsia in the US, Canada, and multiple European countries, and is available in Japan, Hong Kong, and China through commercial partnerships. Idorsia also has license and supply agreements with EMS in Latin America and CTS in Israel. This collaboration with Pharmalink further strengthens Idorsia’s commitment to building QUVIVIQ into a global brand.

Notes to the editor

About insomnia
Insomnia is defined as a combination of dissatisfaction with sleep and a significant negative impact on daytime functioning. Dissatisfaction with sleep refers to the difficulty to initiate and/or maintain sleep on at least three nights per week for at least three months, despite adequate opportunity to sleep.

Insomnia is a condition of overactive wake signaling and studies have shown that areas of the brain associated with wakefulness remain more active during sleep in patients with insomnia.

Insomnia as a disorder is quite different from a brief period of poor sleep, and it can take its toll on both physical and mental health. It is a persistent condition with a negative impact on daytime functioning. Idorsia’s research has shown that poor-quality sleep can affect many aspects of daily life, including the ability to concentrate, mood, and energy levels.

The goals of managing insomnia are to improve sleep quality and quantity, as well as daytime functioning. Current recommended treatment of insomnia includes sleep hygiene recommendations, cognitive behavioral therapy and pharmacotherapy.

About Pharmalink
Pharmalink is a trusted partner for innovative therapies commercialization in the Gulf region, a success story that is more than three decades in the making. The group operates with more than 1800 employees with fully integrated own commercialization set up including registration, marketing, distribution and more than 200 pharmacies to support in-licensed brands growth. Today, Pharmalink supplies a wide range of product categories that address all age groups and specialties. These medications include lifesaving & emergency drugs to consumables and OTC medications that can be purchased without prescriptions.

As a well-known name in the market, Pharmalink in-licenses innovative therapies across therapeutic segments from reputed global biotech and pharmaceutical companies for commercialization in the GCC countries thereby ensuring their availability to the patients across the Gulf countries.

Pharmalink effectively covers the entire market through own resources, capabilities and infrastructure catering to private as well as public markets in the region.

The group operates fully-owned pharmacy chains – Medicina and Al Manara with a total of more than 200 pharmacies ensuring retail penetration for brands in-licensed from partners globally.

About Idorsia
The purpose of Idorsia is to challenge accepted medical paradigms, answering the questions that matter most. To achieve this, we will discover, develop, and commercialize transformative medicines – either with in-house capabilities or together with partners – and evolve Idorsia into a leading biopharmaceutical company, with a strong scientific core.

Headquartered near Basel, Switzerland – a European biotech hub – Idorsia has a highly experienced team of dedicated professionals, covering all disciplines from bench to bedside; QUVIVIQ™ (daridorexant), a different kind of insomnia treatment with the potential to revolutionize this mounting public health concern; strong partners to maximize the value of our portfolio; a promising in-house development pipeline; and a specialized drug discovery engine focused on small-molecule drugs that can change the treatment paradigm for many patients.

Idorsia is listed on the SIX Swiss Exchange (ticker symbol: IDIA).

For further information, please contact:
Investor & Media Relations
Idorsia Pharmaceuticals Ltd, Hegenheimermattweg 91, CH-4123 Allschwil
+41 58 844 10 10
[email protected] – [email protected] – www.idorsia.com

The above information contains certain "forward-looking statements", relating to the company's business, which can be identified by the use of forward-looking terminology such as “intend”, "estimates", "believes", "expects", "may", "are expected to", "will", "will continue", "should", "would be", "seeks", "pending" or "anticipates" or similar expressions, or by discussions of strategy, plans or intentions. Such statements include descriptions of the company's investment and research and development programs, business development activities and anticipated expenditures in connection therewith, descriptions of new products expected to be introduced by the company and anticipated customer demand for such products and products in the company's existing portfolio. Such statements reflect the current views of the company with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements that may be expressed or implied by such forward-looking statements. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected.

Press Release PDF

EPAM, a top-three IT service provider in the Netherlands for the fourth consecutive year, achieved exceptional performer status with 88% in application services and 87% in general satisfaction.

, /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM) today announced it has been named a 2026 Top IT Vendor in the Netherlands by Whitelane Research, an independent organization focused on IT sourcing research across Europe. Recognized for the fourth consecutive year, this designation further confirms EPAM's position as a premier IT service provider in the region.

 Read the full results here.

EPAM Named 2026 Top IT Vendor in the Netherlands for 4th Year "We are thrilled to be named as the top IT service provider in the Netherlands for a fourth consecutive year and a trusted partner for organizations across the Netherlands navigating today's most critical technology priorities," said Alex van Gestel, VP and Head of Benelux at EPAM. "As organizations accelerate digital transformation, they are turning to partners who can help them scale efficiently while adopting emerging technologies, like AI, with confidence. This recognition reflects our commitment to delivering advanced AI capabilities, secure cloud and platform solutions and modern engineering practices that drive measurable business outcomes."

In Whitelane Research's 2026 annual Dutch IT Sourcing Study, more than 350 participants from the top IT spending organizations evaluated nearly 800 unique IT sourcing relationships and more than 1,150 cloud sourcing relationships based on key performance indicators and by IT domain, delivering one of the most representative client-driven reports on the outsourcing market in the Netherlands.

Survey respondents evaluated 43 IT service providers and 13 cloud IT providers across various performance categories, with EPAM achieving an exceptional performer ranking in application services and general satisfaction, as well as overall excellent ratings in the following categories:

Application Services: EPAM received an exceptional performer rating of 88% [Ranked #1] Service Delivery Quality: EPAM received an above-average rating of 88% [Ranked #3] General Satisfaction: EPAM received an exceptional performer rating of 87% [Ranked #3] Account Management Quality: EPAM received an above-average rating of 84% Security: EPAM received an above-average rating of 84% "EPAM has consistently demonstrated outstanding client evaluations in our 2026 Dutch IT Sourcing Study," said Alex van den Bergh, Head of Research, Europe at Whitelane Research. "As a top-three company in the Netherlands, EPAM has maintained exceptional client-satisfaction ratings, which is a testament to the Company's strong position as a trusted partner for businesses navigating digital transformation in this highly competitive market."

This recognition by Whitelane Research adds to EPAM's continued performance as a proven IT vendor across various European markets, including Europe, Germany, Switzerland, the UK & Ireland, and the Nordics.

To see the full survey results, visit: https://whitelane.com/netherlands-2026

Discover how EPAM helps clients adapt, grow, optimize and disrupt their businesses by visiting www.epam.com/services

About EPAM Systems, Inc.
EPAM (NYSE:EPAM) is a global leader in AI transformation engineering and integrated consulting, serving Forbes Global 2000 companies and ambitious startups. With over thirty years of expertise in custom software, product and platform engineering, EPAM empowers organizations to become AI-Native enterprises, driving measurable value from innovation and digital investments. Recognized by industry benchmarks and leading analysts as a leader in AI, EPAM delivers globally while engaging locally, making the future real for clients, partners, and employees. 

We are proud to be recognized by Forbes, Glassdoor, Newsweek, Time Magazine, Great Place to Work and kununu as a Most Loved Workplace around the world. 

Learn more at www.epam.com and follow us on LinkedIn. 

Forward-Looking Statements 
This press release includes estimates and statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Our estimates and forward-looking statements are mainly based on our current expectations and estimates of future events and trends, which affect or may affect our business and operations. These statements may include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. Those future events and trends may relate to, among other things, developments relating to the war in Ukraine and escalation of the war in the surrounding region, political and civil unrest or military action in the geographies where we conduct business and operate, difficult conditions in global capital markets, foreign exchange markets, global trade, and the broader economy, the adoption and implementation of artificial intelligence technologies by EPAM and its clients, and the effect that these events may have on client demand and our revenues, operations, access to capital, and profitability. Other factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the risk factors discussed in the Company's most recent Annual Report on Form 10-K and the factors discussed in the Company's Quarterly Reports on Form 10-Q, particularly under the headings "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" and other filings with the Securities and Exchange Commission. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made based on information currently available to us. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.

SOURCE EPAM Systems, Inc.

LONDON — European stocks are set to see another negative day of trading as traders watch developments in the Middle East and reduced but still elevated oil prices.

The U.K.'s FTSE index is seen opening 0.5% lower, Germany's DAX down 1%, France's CAC 40 down 0.75% and Italy's FTSE MIB 0.9% lower, according to data from IG.

It was a mixed picture from global markets overnight, with Asia-Pacific markets rebounding while U.S. stock futures fell.

Those moves came after oil prices pared gains after U.S. President Donald Trump told a CBS News reporter that "the war is very complete, pretty much," but also signalled a readiness to act to keep the vital oil passage, the Strait of Hormuz, open.

Trump said he was considering seizing control of the strait, saying Iran would be hit harder if it did anything to stop oil flows through the strategic sea passage.

Oil prices plunged as much as 10% overnight after Trump's comments, but remain elevated: Brent crude was down around 6.2% at $92.71 per barrel as of 5 a.m. London time on Tuesday. U.S. crude oil was down 6.5%% at $88.49 per barrel. The declines come after oil surged past $100 on Monday.

A spokesperson for Iran's Ministry of Foreign Affairs told CNBC on Monday that oil tankers transiting the Strait of Hormuz "must be very careful."

watch now

Earnings reports are due from Saudi Aramco, Volkswagen and Lindt. On the data front, Germany and French trade balance figures are due.

BTC rebounded from about $65,000 as crude oil retreated and institutional flows helped stabilize the market.Updated Mar 10, 2026, 3:32 a.m. Published Mar 10, 2026, 3:31 a.m.

Bitcoin pushed back above $70,000 Tuesday morning East Asia time, completing a rapid recovery from a weekend selloff that briefly dragged the largest digital asset down to around $65,000.

The move higher came as volatility in energy markets eased after crude oil surged amid fears of disruptions in the Strait of Hormuz. Bitcoin dipped alongside risk assets during the initial shock but quickly stabilized in the mid $60,000 range — given Wall Street's insulation from the energy crisis — before climbing again as markets digested the geopolitical headlines.

(CoinDesk)Market maker Enflux said the cryptocurrency showed notable resilience despite the scale of the energy shock.

“Bitcoin dipped below 66k during the initial risk-off wave yet quickly stabilized back in the 66k to 68k range,” the firm said in a note to CoinDesk. “In relative terms, it held up better than equities and even some traditional hedges.”

Institutional demand has also remained supportive.

U.S. spot bitcoin ETFs drew about $568 million in net inflows last week, following $787 million the week prior, according to data from SoSoValue, pushing cumulative net inflows across the products above $55 billion.

Early data from SoSoValue shows that Monday’s U.S. inflows were about $57 million, though not all issuers had reported at the time of publication.

Onchain and derivatives indicators suggest the market is stabilizing after the recent volatility, though conviction has yet to fully return.

“Overall, conditions are stabilizing, with momentum, ETF demand, and profitability metrics improving modestly,” analysts at Glassnode wrote in a recent report. “However, capital flows remain soft, speculative participation is limited, and broader conviction has yet to fully return.”

Prediction markets also flipped more bullish as bitcoin rebounded.

On Polymarket, the odds that BTC will reach $75,000 in March jumped to about 56% on Monday from roughly 34% a day earlier, highlighting how quickly trader expectations shifted as the cryptocurrency reclaimed the $70,000 level.

More For You

CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events.

What to know:

Disrupting a Stagnant Market: Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product.More For You

How the war in Iran and trader positioning could be behind the surge in Circle's stock

6小时前

Shares were up another 9.7% on Monday, bringing them nearly to double over the past month.

需要了解的:

Circle shares rose about 10% Monday and are now higher by 86% over the past month.Analysts suggest the war in Iran and its impact on oil prices could delay Federal Reserve rate cuts, thereby benefiting the stablecoin issuer.Also at work was heavy bearish trader positioning in the shares and the need for those shorts to be covered after the company reported solid fourth-quarter results.

Zcash Open Development Lab (ZODL), an independent development entity formed in early 2026, has raised $25 million. This marks the largest private venture investment ever dedicated to a Zcash-focused team.

The raise drew participation from several prominent crypto figures. ZEC responded with a notable rally, gaining 10.9% and ranking among the biggest crypto gainers over the past day.

ZODL Secures $25 Million in Largest-Ever Zcash Funding RoundAccording to the announcement, the funding round was backed by major players like Paradigm, a16z crypto, Winklevoss Capital, and Coinbase Ventures.

The participant roster also included Cypherpunk Technologies, Maelstrom, Chapter One, and individual backers such as Balaji Srinivasan, David Friedberg, Haseeb Qureshi, Mert, James Nicholas, and several other leading crypto and technology angels.

“This milestone signals strong investor confidence in the growing worldwide adoption of shielded ZEC as digital private money,” the team wrote.

ZODL said the capital will support its growth plans, including expanding its engineering team and adding additional talent. According to them, the fundraiser,

“Reflects strong conviction from some of the most respected investors in crypto, not only in privacy as a principle, but in the continued growth of the Zcash ecosystem and the ZODL team.”

ZODL’s origins trace back to a governance split within the Zcash ecosystem. The entire team of Electric Coin Company (ECC), the original core developer behind Zcash, departed from the nonprofit Bootstrap in January 2026.

Former CEO Josh Swihart then formally launched ZODL as an independent entity in February. The team also rebranded the Zashi wallet to Zodl.

Follow us on X to get the latest news as it happens

When we left ECC, we didn’t take capital with us.
Just the team and the work.

Today we have the backing of leading investors and years of runway to drive shielded ZEC adoption.

Time to bring Zcash to the mainstream. https://t.co/wGZVNzpdwD

— peacemonger 🛡 (@peacemongerZ) March 9, 2026 Since 2024, the wallet has driven a 400% increase in shielded ZEC supply. It has also processed over $600 million in swap transactions since October 2025.

“Zcash protocol development remains a core part of ZODL’s work. The engineers who designed, built, and maintained Zcash’s most critical systems at ECC have joined ZODL and continue that work with the same commitment and integrity the ecosystem has relied on for years. The team’s approach to protocol evolution is grounded in usability, ensuring technical advances support real demand and drive product-market fit for Zcash,” the post added.

ZEC Rallies as Market Confidence GrowsThe funding announcement had a positive impact on the privacy coin’s price. BeInCrypto Markets data showed that ZEC surged 10.9% over the past 24 hours, outpacing Bitcoin’s (BTC) gains during a broader market recovery.

Zcash (ZEC) Price Performance. Source: BeInCrypto MarketsThe altcoin also secured the second spot among top daily gainers on CoinGecko. Still, the latest pump appears modest compared to the over 57% drawdown ZEC has experienced year to date.

In late 2025, privacy coins gained massive traction, with ZEC leading an explosive rally that fueled investor interest. However, broader market pressure through early 2026 has weighed heavily on the privacy meta as well, dragging ZEC down.

Whether the funding translates into sustained developer momentum and lasting price support remains to be seen. For now, the $25 million round signals that institutional and strategic capital see value in Zcash’s privacy-first approach, as the broader market attempts to regain its footing.

Journalist

Posted: March 10, 2026

Over the past day, Pippin [PIPPIN] has seen capital flight, resulting in an 11% decline in price.

While this appears bleak, the outlook isn’t entirely bearish, and the asset still holds potential for a rebound.

Blame capital flight Capital outflows from PIPPIN’s derivative market over the past day have been a primary driver of the price decline.

Net inflows—which track capital entering and exiting the derivatives segment—showed a negative $2.02 million, according to CoinGlass.

Outflows indicate that more traders are voluntarily closing positions and avoiding leveraged markets.

Source: CoinGlass

This contrasts with 15 days ago, when PIPPIN recorded positive net inflows of $148 million into its Futures market, a trend consistent in prior periods.

Alongside shrinking capital, perpetual volume has been bearish, with more selling than buying observed in recent days. The taker buy/sell ratio fell to 0.91, reinforcing this downward price trend.

Is there still hope? There are signs of potential recovery, as Funding Rates and Spot trading activity hint at bullish support. The Funding Rate measures whether capital inflows into an asset’s perpetual market favor bulls or bears.

Currently, the Funding Rate is slightly bullish at 0.0006%, indicating long contracts marginally outweigh short positions.

Source: CoinGlass

Spot market net flows, which track buying and selling activity, show more buyers than sellers over the past 24 hours.

Approximately $74,000 of PIPPIN has been purchased in the last 24 hours, following $263,000 the week before, supporting the bullish sentiment among investors.

If Spot investors continue to increase their positions, the asset is likely to gain momentum. Additional speculative trades aligned with bullish positions could further strengthen this rally potential.

Momentum remains weak Overall market momentum remains subdued, with sentiment yet to improve.

The Moving Average Convergence Divergence (MACD), which indicates market momentum, shows bearish conditions. However, the histogram bars are turning from deep to lighter red, suggesting momentum may be fading.

This does not yet signal a return of bulls. A clear reversal would require the blue MACD line and the orange signal line to enter positive territory. Until then, PIPPIN is likely to continue ranging rather than trending upward.

Source: TradingView

Likewise, the Average Directional Index (ADX), which measures trend strength, has been trending downward.

When the price is falling while the ADX is also declining, it suggests that bearish momentum is currently weak and may not persist.

Final Summary PIPPIN experienced capital outflows that pushed its price lower. Some traders are viewing this as an opportunity to accumulate the asset, placing long positions.

XRP price started a recovery wave above $1.350 but failed near $1.390. The price is now consolidating and might aim for a fresh move above $1.40.

XRP price started a recovery wave above the $1.3750 zone. The price is now trading above $1.3720 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $1.3705 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.40. XRP Price Faces Resistance XRP price remained supported above $1.3220 and started a recovery wave, like Bitcoin and Ethereum. The price was able to climb above $1.3350 and $1.350 to enter a short-term positive zone.

There was also a move above the 23.6% Fib retracement level of the downward move from the $1.4739 swing high to the $1.3217 low. Besides, there is a bullish trend line forming with support at $1.3705 on the hourly chart of the XRP/USD pair.

The bulls even pushed the price above $1.3850 but they struggled to keep the price above $1.3800. The price is now trading above $1.370 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.3880 level.

Source: XRPUSD on TradingView.com The first major resistance is near the $1.3980 level or the 50% Fib retracement level of the downward move from the $1.4739 swing high to the $1.3217 low.  A close above $1.3980 could send the price to $1.4120. The next hurdle sits at $1.420. A clear move above the $1.420 resistance might send the price toward the $1.450 resistance. Any more gains might send the price toward the $1.4650 resistance.

Another Drop? If XRP fails to clear the $1.3980 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.370 level and the trend line. The next major support is near the $1.350 level.

If there is a downside break and a close below the $1.350 level, the price might continue to decline toward $1.3360. The next major support sits near the $1.3220 zone, below which the price could continue lower toward $1.3050.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $1.3700 and $1.3500.

Major Resistance Levels – $1.3980 and $1.4120.

Bitcoin price is eyeing a technical breakout from an ascending parallel channel pattern as institutional demand returns for the bellwether asset.

Summary

Bitcoin price is trading within a bullish continuation pattern that hints at more upside over the coming sessions. Bitcoin ETFs hit a weekly inflow streak for the first time in 5 months. According to data from crypto.news, Bitcoin (BTC) price rose 4.2% in the past 24 hours, trading at $70,197 at press time. Now, charts suggest Bitcoin could see more recovery over the following sessions.

On the daily chart, Bitcoin price has formed an ascending parallel channel pattern following its sharp drop in early February. The popular bullish continuation pattern hints at sustained gains as long as an asset’s price remains within the two trendlines that define the corridor. 

Bitcoin price has formed an ascending parallel channel pattern on the daily chart — March 10 | Source: crypto.news Further, a breakout from the upper side of the channel tends to accelerate bullish momentum for the related asset.

At the time of writing, technical indicators seemed to suggest that Bitcoin price is on the cusp of such a breakout from the pattern. The 20-day and 50-day moving averages are closing in on a bullish crossover, while the Supertrend flashed green as BTC price moved above it.

As such, $73,226, which aligns with the 50-day SMA, is the most immediate key resistance level traders would be keeping an eye on. A sharp rebound from it could springboard its price to around $86,500, a level that had previously served as a key support area during most of January this year.

On the contrary, if Bitcoin price falls below $67,674, the 20-day SMA, the bullish forecast would be invalidated. Bears could then drag BTC price back to the $65,000 key psychological support level.

Bitcoin ETFs record weekly inflow streak for first time in 5 months A major catalyst that has been providing support for Bitcoin’s recent rebound is the surging demand from institutional investors for the asset.

According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded over $1.35 billion in net inflows over the past two weeks. This marked the first time these investment products managed to draw in back-to-back weekly inflows since early October last year. Additionally, March has also marked the first positive month for these funds after four consecutive months of bleeding.

Meanwhile, firms like Strategy have also played a key role in supporting price action. In its latest filing, the firm noted that it bought $1.28 billion worth of BTC, pushing its total holding valuation to $56.04 billion.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Major altcoins bounced alongside risk assets on Tuesday after the president said U.S. military objectives were "pretty well complete." Mar 10, 2026, 4:42 a.m.

Major tokens snapped back on Tuesday as ceasefire optimism rippled through risk markets.

Ether reclaimed $2,029, up 2.6% over the past 24 hours and back above the $2,000 level that has served as a psychological pivot for weeks. Solana led the recovery at 2.9% to $85.67. BNB added 2.6% to $639. XRP gained 1.7% to $1.37. Dogecoin lagged at just 1% and remains down 1.4% on the week, continuing to underperform the broader market on every bounce.

The catalyst was U.S. president Donald Trump telling reporters late Monday that the Iran conflict would resolve "very soon" and that U.S. military objectives were "pretty well complete." Asian equities surged 2% after Monday's 3.7% plunge. Tech stocks in the MSCI Asia Pacific index jumped 3.5%. Oil fell from Monday's spike above $100.

Analysts at Nansen said in an email that crypto had "already absorbed the negatives and priced them in," arguing the market was responding to headlines rather than broader macro deterioration.

The institutional flow data supports that read. CoinShares reported $619 million in crypto fund inflows for the week ending Friday, with $521 million going to bitcoin products and total AUM reaching $108.3 billion.

That capital came in during a week where the S&P lost $1 trillion in a single session and the economy shed 92,000 jobs. "Spot Bitcoin ETFs continue to attract capital even as price weakens, which suggests institutional allocators are treating this as a tactical entry rather than capitulation," said Ryan Kirkley, co-founder and CEO of Global Settlement, in an email to CoinDesk.

Ethereum's position above $2,000 is the one to watch this week. The second-largest cryptocurrency has been fighting to hold that level since late February, and FxPro analysts flagged $2,500 and the 200-week moving average as the zone that would confirm a genuine recovery rather than a series of dead cat bounces. The gap between $2,000 and $2,500 is where the narrative shifts from "surviving the drawdown" to "starting a new trend."

For solana, the recovery has been structurally weaker. SOL remains down roughly 55% from its cycle highs and has underperformed ether on every major bounce since the October crash.

The memecoin economy that fueled solana's 2024 rally has evaporated, and without that speculative engine the token is trading more on macro sentiment than ecosystem activity.

XRP has been the most range-bound of the majors, hovering between $1.30 and $1.45 for most of March. ETF inflows have been positive and the legal clarity from Ripple's settlement should be a tailwind, but the token has failed to decouple from broader market direction.

The Fed meeting on March 17-18 looms as the next real test.

Global Settlement's Kirkley noted that the 90-day correlation between bitcoin and the S&P 500 has climbed to 0.78, one of the highest readings since mid-2022. When bitcoin trades in lockstep with equities, altcoins amplify every move in both directions.

A hawkish dot plot or any hint that rate hikes are back on the table would hit the higher-beta end of crypto hardest.

More For You

CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events.

What to know:

Disrupting a Stagnant Market: Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product.More For You

Bitcoin jumps past $70,000 as war volatility fades

1 hour ago

BTC rebounded from about $65,000 as crude oil retreated and institutional flows helped stabilize the market.

What to know:

Bitcoin rebounded above $70,000 after a brief weekend sell-off to around $65,000, showing resilience as energy-market volatility eased.U.S. spot bitcoin ETFs have continued to attract institutional demand, with about $568 million in net inflows last week and cumulative net inflows now above $55 billion.On-chain, derivatives and prediction-market data indicate that conditions are stabilizing and trader sentiment is turning more bullish, even as overall conviction remains muted.

Solana is showing early signs of a meaningful price recovery after months of sustained selling pressure. While the upward movement remains modest compared to the explosive rallies seen earlier in the market cycle, the shift in short-term momentum is hard to ignore for traders watching the SOL/USDT pair closely.

On the daily chart, Solana has begun printing higher lows — a classic technical signal indicating that buyers are gradually stepping in at elevated price levels. Each dip is being absorbed at a slightly higher point than the last, forming a rising support structure that currently holds the price above the critical $80 zone. This kind of slow, steady climb is typical of early-stage stabilization that follows a sharp market correction, rather than a speculative spike.

Demand has been quietly rebuilding around the mid-$80 range ever since Solana suffered a steep quarterly decline. This accumulation zone has laid the groundwork for a potential push toward $95 — the next key technical level on the chart. That price point carries added weight because the 50-day exponential moving average is currently converging in that region. During prolonged downtrends, moving averages tend to act as dynamic resistance, making any test of that level a significant moment for Solana's recovery narrative.

Clearing the 50 EMA would not confirm a full trend reversal on its own, but it would validate the current momentum and potentially open the door to a broader rally — particularly if Bitcoin and overall crypto market sentiment continue to stabilize.

Volume data adds further credibility to the current rebound. Trading activity has noticeably picked up during upward price movements, suggesting genuine buyer participation rather than a low-liquidity drift. If this volume pattern holds, Solana's path toward $95 becomes increasingly plausible in the near term.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

U.S. prosecutors have requested a retrial for Tornado Cash developer Roman Storm on two unresolved charges, proposing a start date in early to mid-October 2026.

In a letter filed Monday with U.S. District Judge Katherine Polk Failla in the Southern District of New York, the Department of Justice said it intends to retry Storm on Counts One and Three of the superseding indictment. The filing estimated that the retrial would last approximately three weeks.

Storm is a co-founder of Tornado Cash, a non-custodial cryptocurrency mixer that U.S. authorities say was used to launder more than $1 billion in illicit funds. Last August, a jury convicted Storm on the money transmitting count but failed to reach a verdict on additional money laundering and sanctions charges.

While the letter acknowledged Storm's pending Rule 29 motion for a judgment of acquittal that is scheduled for argument on April 9, prosecutors urged the court to set a retrial date now to avoid potential delays stemming from scheduling conflicts. The DOJ noted it is prepared for a spring retrial but will defer to the defense's availability.

"To avoid the emergence of further scheduling conflicts and any additional delays, the Government respectfully requests that — if the Court's schedule allows — the Court schedule the retrial to begin on or about October 5 or 12, 2026," the letter said.

According to the letter, Storm and his attorneys communicated that setting a date at this stage is premature, but confirmed their availability for a three-week trial during a window in late September, early October, or early December.

In response to the letter, Storm wrote on social media platform X that he will "never stop fighting for freedom."

"The 2 counts = up to 40 years in federal prison — For writing open-source code. For a protocol I don't control. For transactions I never touched. A jury already couldn't agree this was criminal. But the SDNY prosecutors want to keep trying with the hope of getting a different answer," wrote Storm, who said he has already exhausted his legal defense funds.

A guilty verdict on the two charges for retrial could carry a maximum sentence of 40 years for Storm.

Industry support Storm's case has drawn support from members of the crypto and blockchain industry, many of whom argue that developing software should not be equated with direct financial wrongdoing, as alleged by prosecutors. Crypto advocates have donated millions of dollars to support Storm's legal defense.

Earlier this year, Ethereum co-founder Vitalik Buterin published a letter saying he is a "strong believer in the importance of privacy" and described privacy tools such as Tornado Cash as a necessary defense against systemic data exploitation.

The Solana Policy Institute also published an open letter, calling for stronger legal protections for software developers like Storm.

Shifting narratives Storm's case began during the Biden administration, but the Justice Department's stance on software developers has shifted under the Trump administration. In August, Matthew J. Galeotti, acting assistant attorney general for the Justice Department's Criminal Division, said in a statement that "writing code" is not a crime.

Additionally, a recent Treasury Department report to Congress acknowledged that crypto mixers can have legitimate privacy uses, such as protecting personal wealth or charitable donations, while highlighting persistent illicit finance risks. The Treasury's 2022 sanctions on Tornado Cash were lifted in 2025 after a court ruling.

Amid the changing discourse on mixers and privacy tools, Storm's retrial is expected to set a significant legal precedent for non-custodial crypto tools.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. 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.

Zcash Open Development Lab, widely known as ZODL, has successfully closed a $25 million funding round — the largest private venture investment ever made in a Zcash-focused development team. The raise signals growing institutional confidence in privacy-focused cryptocurrency and Zcash's long-term ecosystem potential.

The funding attracted backing from some of the most recognized names in crypto venture capital, including Paradigm, a16z crypto, Winklevoss Capital, and Coinbase Ventures. Additional participants included Cypherpunk Technologies, Maelstrom, Chapter One, and prominent individual investors such as Balaji Srinivasan, David Friedberg, and Haseeb Qureshi, among other leading technology angels.

ZODL traces its roots to a significant governance restructuring within the Zcash ecosystem. In January 2026, the entire team at Electric Coin Company (ECC) — the original core developer behind Zcash — separated from the Bootstrap nonprofit. Former ECC CEO Josh Swihart subsequently launched ZODL as an independent entity in February 2026, rebranding the popular Zashi wallet under the ZODL name in the process.

The newly secured capital will be used to scale ZODL's engineering team and accelerate product development. The organization emphasized that protocol development remains central to its mission, with the same engineers who built and maintained Zcash's core infrastructure at ECC continuing that work under the ZODL banner.

ZODL's wallet has already demonstrated measurable traction, driving a 400% increase in shielded ZEC supply since 2024 and processing over $600 million in swap transactions since October 2025.

Markets responded positively to the announcement, with ZEC climbing 10.9% within 24 hours and ranking among the top daily gainers on CoinGecko. The rally came despite ZEC experiencing a steep year-to-date decline of over 57%, reflecting broader headwinds facing privacy coins in early 2026.

Whether this funding milestone translates into sustained ecosystem growth and price recovery remains an open question, but the raise clearly affirms that serious capital continues to bet on privacy as a foundational pillar of digital finance.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

A wave of small South Korean companies attempted to replicate MicroStrategy's Bitcoin treasury model in 2025, borrowing heavily to accumulate cryptocurrency. Now, serious cracks are emerging across the sector.

Bitmax, a KOSDAQ-listed firm that transitioned from augmented reality to Bitcoin investment, became a stark example of how this strategy can unravel for undercapitalized companies. On March 9, the company announced a 4-to-1 share consolidation to offset mounting losses, triggering a 10% stock decline the following day with shares trading near $0.63.

The company accumulated 551 BTC worth approximately $55 million, largely through 13 OTC transactions with its own chairman — paying an estimated $6 million above prevailing market rates in the process. Even after South Korean regulators allowed listed companies direct exchange access in mid-2025, Bitmax continued routing most purchases through this related-party arrangement, drawing significant regulatory scrutiny.

The financial deterioration was rapid. Total debt ballooned from $4.4 million to $74 million within nine months, driven almost entirely by convertible bond issuances. Net losses for the first three quarters of 2025 reached $52 million, with $43 million attributed to derivative valuation losses alone. Meanwhile, the company's core IT business generates minimal operating cash flow.

Bitmax's stock has fallen roughly 88% from its 52-week peak, far outpacing MicroStrategy's 70% decline over the same period — a gap that reflects company-specific risks beyond ordinary Bitcoin price exposure. Bitcoin itself declined only 12% during this period, highlighting how leveraged corporate strategies dramatically amplify downside risk.

Bitmax is not alone. Parataxis Korea, Bitplanet, and Apton pursued nearly identical strategies, and their stocks dropped an average of 29% in February 2025 alone. The core problem is clear: MicroStrategy's model depends on institutional scale and deep capital market access that small-cap Korean firms simply don't possess. Without those foundations, Bitcoin treasury strategies carry substantial financial risk that can quickly overwhelm a company's balance sheet.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Dogecoin started a recovery wave above the $0.090 zone against the US Dollar. DOGE is now facing hurdles near $0.0930 and might struggle to continue higher.

DOGE price started a recovery wave from $0.0860 and climbed above $0.090. The price is trading above the $0.090 level and the 100-hourly simple moving average. There is a rising channel forming with support at $0.0904 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it stays above $0.090. Dogecoin Price Hits Resistance Dogecoin price started a recovery wave from the $0.0860 zone, like Bitcoin and Ethereum. DOGE climbed above the $0.0880 and $0.090 resistance levels.

There was a decent upward move above the 23.6% Fib retracement level of the downward move from the $0.1043 swing high to the $0.0859 low. However, the bears remained active near the $0.0925 zone. Besides, there is a rising channel forming with support at $0.0904 on the hourly chart of the DOGE/USD pair.

Dogecoin price is now trading above the $0.090 level and the 100-hourly simple moving average. If there is another recovery wave, immediate resistance on the upside is near the $0.0930 level.

Source: DOGEUSD on TradingView.com The first major resistance for the bulls could be near the $0.0950 level or the 50% Fib retracement level of the downward move from the $0.1043 swing high to the $0.0859 low. The next major resistance is near the $0.0972 level. A close above the $0.0972 resistance might send the price toward the $0.1020 resistance. Any more gains might send the price toward the $0.1050 level. The next major stop for the bulls might be $0.1120.

Another Decline In DOGE? If DOGE’s price fails to climb above the $0.0930 level, it could continue to move down. Initial support on the downside is near the $0.0905 level. The next major support is near the $0.090 level.

The main support sits at $0.0884. If there is a downside break below the $0.0884 support, the price could decline further. In the stated case, the price might slide toward the $0.0860 level or even $0.0835 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.0900 and $0.0884.

Major Resistance Levels – $0.0950 and $0.0972.

Investment advisors were the biggest buyers of the US-based spot Solana ETFs at over $270 million, while hedge fund managers came in next at $186 million.

Silicon Valley-based venture capital firm Electric Capital Partners and investment bank Goldman Sachs were the two largest buyers of spot Solana exchange-traded funds, which launched for trading in the US in October last year.

Data shared by Bloomberg ETF analyst James Seyffart on Monday shows that the top 30 institutional holders of US spot Solana (SOL) exchange-traded funds bought over $540 million worth of the ETFs in the quarter.

Electric Capital and Goldman Sachs took out the top two positions with $137.8 million and $107.4 million worth of Solana ETF exposure, while Elequin Capital, SIG Holding and Multicoin Capital rounded out the top five.

Morgan Stanley and Citadel Advisors were among the other notable institutions that bought spot Solana ETFs after Bitwise launched the first Securities and Exchange Commission-approved spot Solana ETF on Oct. 28.

Top 15 largest institutional holders of Solana ETFs based on 13F filings. Source: James Seyffart
Seyffart’s data comes from 13F filings submitted to the SEC in mid-February, where institutions managing over $100 million in assets are required to disclose their Q4 holdings and position sizes.

Investment advisors accounted for by far the largest share of spot Solana ETF ownership at over $270 million, while hedge fund managers came in next at $186.4 million.

Holding companies and brokerage firms held $59.5 million and $20.3 million, while banks held $4.5 million.

Split of Solana ETF holders by institution type. Source: James SeyffartThe $540 million in Solana ETF holdings was backed by approximately 4.3 million SOL tokens.

However, those 4.3 million SOL tokens have fallen over 30% in market value since the end of Q4, from $124.95 to $86.53 at the time of writing.

SOL ETF net flows steadying despite price fallBloomberg ETF analyst Eric Balchunas noted on Thursday that cumulative flows into spot Solana ETFs have held strong in recent months despite Solana’s price fall.

Balchunas also noted that 50% of Solana ETF assets are held by these 13F-filing firms, arguably making for a more serious investor base.

Farside Investors data shows that US spot Solana ETFs have accumulated $952 million worth of inflows since launching in the US.

Magazine: What’s a ‘Network State’ and are there real-life examples? Big Questions

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Soleno Therapeutics, Inc. (“Soleno” or the “Company”) (NASDAQ: SLNO) investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN SOLENO THERAPEUTICS, INC. (SLNO), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Contact the Law Offices of Howard G. Smith to discuss your legal.

New York, New York--(Newsfile Corp. - March 9, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Plug Power Inc. (NASDAQ: PLUG) between January 17, 2025 and November 13, 2025, inclusive (the "Class Period"), of the important April 3, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Plug Power securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Plug Power class action, go to https://rosenlegal.com/submit-form/?case_id=1011 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 3, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) defendants had materially overstated the likelihood that funds attributed to the U.S. Department of Energy's Loan would ultimately become available to Plug Power, and/or that Plug Power would ultimately construct the hydrogen production facilities necessary to receive those funds; (2) as such, Plug Power was likely to pivot toward more modest projects with less commercial upside; and (3) as a result, Plug Power's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Plug Power class action, go to https://rosenlegal.com/submit-form/?case_id=1011 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/287884

Source: The Rosen Law Firm PA

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

China's trade surplus rose to its highest on record in the combined January-February period while exports massively beat expectations, underscoring the resilience of the world's second-largest economy despite trade tensions with the U.S.

China typically combines January and February trade data to smooth distortions from the shifting Lunar New Year holiday.

China's trade balance surged to $213.62 billion, compared with expectations of $179.6 billion and up from the 114.1 billion seen in December.

Exports from China rose 21.8% year on year in the combined January-February period, beating the 7.1% growth expected by economists polled by Reuters.

Imports rose 19.8% in the first two months from a year earlier, against expectations of a 6.3% growth, customs data showed Wednesday.

The trade figures come after China's consumer inflation recorded its biggest jump in more than three years, supported by spending during an extended holiday.

China's CPI rose 1.3% in February from a year earlier and surpassed economists' forecasts for a 0.8% increase in a Reuters poll.

The increase, following a 0.2% rise in January, marked the strongest rebound since January 2023.

The data also comes after China concluded its "Two Sessions" policy meeting, where Chinese Premier Li Qiang acknowledged the impact of U.S. tariffs while outlining economic targets on Thursday.

Beijing and Washington have been locked in a trade war since U.S. President Donald Trump returned to the Oval Office in January 2025, with both sides raising and lowering tariffs on each other's goods throughout 2025.

However, relations improved after a meeting between Trump and Xi Jinping on the sidelines of the APEC summit in Busan, South Korea, in October.

U.S. tariffs on Chinese goods currently stand at the global 10% level after the Supreme Court struck down Trump's tariffs enacted under the International Emergency Economic Powers Act.

However, earlier tariffs under Section 301 of the Trade Act of 1974 and Section 232 of the Trade Expansion Act of 1962 remain in effect for some products, reaching as high as 100%.

Business intelligence firm China Briefing said in February that "due to the multitude of existing duties, the effective tariff rate on many Chinese goods shipped to the US remains close to 30 percent – still the highest of any country."

— CNBC's Anniek Bao and Evelyn Cheng contributed to this story.

This is breaking news, please check back for updates.

It is hard to find flaws in Netflix's (NFLX 0.71%) recent business performance. The streaming service giant's latest quarterly results showed a company firing on all cylinders, with accelerating revenue growth and expanding profit margins.

But the hard part about investing is that a great business and a great stock are not the same thing -- especially once the market has already priced in years of strong growth.

While Netflix's underlying business momentum is undeniably impressive today, the stock's premium valuation leaves very little room for error. If competition intensifies and top-line growth slows, the multiple investors are willing to pay for the company's earnings could contract. On the other hand, Netflix's operating margin is likely to expand meaningfully over the next five years, providing a tailwind to earnings growth.

So, if we assume the business continues to grow profits but its valuation multiple comes back down to earth, where exactly could Netflix stock realistically end up in five years?

Image source: Getty Images

Impressive financial momentum Netflix's fourth-quarter update showed why investors are willing to pay a premium valuation for the stock. Its fourth-quarter revenue rose 17.6% year over year to $12.1 billion. This marked an acceleration from 17.2% growth in Q3 and 15.9% growth in Q2. The company also said it crossed 325 million paid memberships during the quarter, capturing the global reach of its brand.

Profitability is moving in the right direction, too. Its full-year 2025 operating margin was 29.5%, up from 26.7% in 2024. Even more, Netflix guided for its 2026 operating margin to hit 31.5%.

And then there is the company's advertising business. In its fourth-quarter shareholder letter, the company said ad revenue rose more than 150% in 2025 to over $1.5 billion. This new revenue stream is scaling quickly, helping the company become less dependent on steadily rising subscription prices and subscriber growth.

Thanks to this powerful combination of top-line growth and operating margin expansion, I believe Netflix can deliver meaningful earnings-per-share growth of about 18% annually over the next five years.

A 5-year forecast for Netflix stock The longer-term question, however, is not whether Netflix can grow its bottom line substantially over the next five years. Its recent financial momentum makes that look virtually inevitable. I believe the more pertinent question is what happens to the stock's valuation as the streaming landscape matures.

Netflix itself describes the entertainment market as "intensely competitive."

Over time, a more crowded streaming landscape can limit pricing power and raise churn, especially if competing services bundle content with other offerings or discount more heavily.

And management's outlook already points to slower growth. Netflix forecast 12% to 14% year-over-year revenue growth in 2026. That represents a meaningful step-down from the 17.6% growth it reported in Q4.

If top-line growth continues to slow over the next half-decade, it is highly unlikely that the market will continue to award Netflix stock its current price-to-earnings ratio of about 38.5 at the time of this writing. In fact, I wouldn't be surprised to see the multiple compress to a much more normal level of about 20.

Today's Change

(

-0.71

%) $

-0.70

Current Price

$

98.32

How does that work out for the stock?

The math is simple: Starting from a stock price of about $97.50 today, a price-to-earnings ratio of 38.5 implies trailing earnings of about $2.53 per share. If Netflix successfully grows that earnings per share by 18% annually over the next five years, its earnings per share will reach approximately $5.79.

If we apply a normalized price-to-earnings multiple of 20 to that future earnings per share of $5.79, we get a five-year price target of about $116.

A jump from $97.50 to $116 over five years translates to a cumulative return of roughly 19%, or an annualized return of less than 4%. That is a severely underwhelming outcome -- especially for a stock carrying the risks of an intensely competitive market.

Of course, I could be wrong. Netflix could easily exceed that 18% earnings growth rate, or the broader market could remain euphoric and refuse to let the stock's premium multiple contract. But at today's valuation, investors are paying a steep premium that requires near-flawless execution just to achieve ordinary returns. For now, I would rather stay on the sidelines and allocate my capital to opportunities with a more attractive risk-reward profile.

New York, New York--(Newsfile Corp. - March 9, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of PomDoctor Ltd. (NASDAQ: POM) between October 9, 2025 and December 11, 2025, inclusive (the "Class Period"), of the important April 7, 2026 lead plaintiff deadline.

SO WHAT: If you purchased PomDoctor securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the PomDoctor class action, go to https://rosenlegal.com/submit-form/?case_id=52621 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 7, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) PomDoctor was the subject of a fraudulent stock promotion scheme involving social media-based misinformation and impersonated financial professionals; (2) insiders and/or affiliates used offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign; (3) PomDoctor's public statements and risk disclosures omitted any mention of the false rumors and artificial trading activity driving the stock price; and (4) as a result of the foregoing, defendants' positive statements about PomDoctor's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

To join the PomDoctor class action, go to https://rosenlegal.com/submit-form/?case_id=52621 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/287887

Source: The Rosen Law Firm PA

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

OM Holdings Limited (OMHLF) Shareholder/Analyst Call March 9, 2026 9:30 PM EDT

Company Participants

Teck Thye Tan - Group Financial Controller
Ruiqi Ng

Presentation

Teck Thye Tan
Group Financial Controller

Very good morning, everyone, and thank you for attending OM Holdings webinar this morning. My name is Eugene and I am the Group Financial Controller of OM Holdings. Together with me is Ruiqi from the IR department. And together, we will be hosting the webinar this morning. So OM Holdings is a manganese and silicon smelting company with vertical exposure in mining and trading. And we have just released our FY 2025 results announcement on the 27th of February, which was a Friday.

Today, I will run through the key points followed by maybe a short Q&A session. If you would like to submit a question during the webinar, please use the Q&A function at the bottom of your screen. If we are unable to present your question during the seminar, we'll attempt to address the query post the webinar. So without any further ado, I think let's start with the presentation.

So once again, thank you for joining me today for OM Holdings FY 2025 Earnings and Results Presentation. I'll be taking you through our key financials, the market conditions and the midterm trajectory from where we are today. Okay? If you look at the first slide, basically, from the financial perspective, from the top line, our full year revenue came in at USD 636 million, which is about a 3% decline from the previous year due to weakening prices amidst the weakened -- amidst weakened demand and also the global uncertainty. This was in spite of a 6% more volumes traded for both our ores and alloys, which we had ramped up to help control the unit fixed costs. I think looking back, one of the most strategically important things that we did in 2025 was the

Yalla Group Limited (YALA) Q4 2025 Earnings Call March 9, 2026 8:00 PM EDT

Company Participants

Yuwei Gao - Investor Relations Director
Tao Yang - Chairman & CEO
Saifi Ismail - President & Director
Yang Hu - Chief Financial Officer
Jianfeng Xu - COO & Director

Conference Call Participants

Xueqing Zhang - China International Capital Corporation Limited, Research Division
Meng Wei - China International Capital Corporation Limited, Research Division
Tianhao Liu - Citic Securities Co., Ltd., Research Division
Xiaoyue Hu - Haitong International Research Limited
Lincoln Kong - Goldman Sachs Group, Inc., Research Division

Presentation

Operator

Good morning, and good evening, ladies and gentlemen. Thank you for standing by for Yalla Group Limited's Fourth Quarter and Full Year 2025 Earnings Conference Call. [Operator Instructions] Today's conference call is being recorded.

Now I'll turn the call over to your speaker host today, Ms. Kerry Gao, IR Director of the company. Please go ahead, ma'am.

Yuwei Gao
Investor Relations Director

Hello, everyone, and welcome to Yalla's Fourth Quarter and Full Year 2025 Earnings Conference Call. We issued our earnings press release earlier today, and it is now available on our IR website as well as on Newswire outlets.

Before we continue, please note that the discussion today will contain forward-looking statements made under the safe harbor provision of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our future results may be materially different from the views expressed today. Further information regarding these and other risks and uncertainties is included in our earnings release and our annual report filed with the SEC. Yalla does not assume any obligation to update any forward-looking statements, except as required by law. Please also note that Yalla's earnings press release and this conference call include a discussion of unaudited GAAP financial information as well as unaudited non-GAAP financial measures. Yalla's press release contains

The Latest GVoice Brings Revolutionary Upgrade to In-Game Player Journey and Immersion

, /PRNewswire/ -- At the Game Developer's Conference (GDC) 2026, Tencent Cloud, the cloud business of global technology company Tencent, electrified GDC 2026 with AI‑powered breakthroughs for the games industry, introducing a new wave of AI-powered solutions set to redefine how games are developed, played, and protected. From intelligent in-game communication to next-gen security, these innovations are shaping the future of gaming by connecting players, streamlining development, and raising the bar for immersive experiences. 

Shichuan Liu, Director of Game Solutions at Tencent Cloud

Positioned as a leader in "Omdia Market Radar: Cloud Platforms for Games – 2025" report, Tencent Cloud is leveraging decades of gaming expertise to empower developers around the world. The company is now extending that deep industry expertise through a new generation of AI-driven solutions.

Tencent Games GVoice: AI for Intelligent Connection

Leading the charge is Tencent Cloud's flagship, newly upgraded Game Multimedia Engagement Solution (GMES), formerly known as the Game Multimedia Engine (GME), which signifies a strategic expansion into an integrated, AI-fueled suite that powers the entire game lifecycle. The first taste of this future is GVoice, an upgrade that intelligently connects billions of players across the globe.

Building on clear, smooth, and real-time in-game interaction capabilities, GVoice integrates cutting-edge AI technology to introduce a wealth of game-changing features:

AI-Enhanced Voice: Provides AI real-time conversation features with built-in Automatic Speech Recognition (ASR), interruption handling, and directional voice pickup to ensure accurate and crystal-clear voice input. As a high-performance voice gateway, it enables developers to seamlessly connect with LLMs and TTS to create innovative gameplay such as "AI Teammates" and immersive conversational experiences. Magic Voice: Next-generation AI voice-changing technology powered by the GVoice AI voice engine, allowing players to effortlessly change their voice, express personality, break the ice, and communicate naturally during team play. Real-Time Translation: Enables seamless global collaboration by providing instantaneous, borderless translation, making cross-region teamwork smooth and effortless. Shichuan Liu, Director of Game Solutions at Tencent Cloud, said, "Games today are more than entertainment—they are vibrant communities where players connect, collaborate, and create together. As the latest upgraded solution within our GMES ecosystem, GVoice is designed to strengthen those connections, offering instant responsiveness, effortless translation across languages, and interactions that sound natural and engaging. At GDC 2026, we are showcasing how this next‑generation upgrade can reshape the very fabric of multiplayer experiences—making them richer, safer, and more inclusive—so players everywhere can strategize, celebrate, and build friendships without limits."

From casual mobile titles to massive multiplayer worlds such as PUBG MOBILE and Delta Force, GVoice supercharges communication across five continents—supporting diverse gaming scenarios and enabling players everywhere to connect, strategize, and celebrate without barriers.

AI-Powered Security: Safeguarding Every Level of the Gaming Experience

As game worlds become more dynamic and globally connected, Tencent Cloud is elevating game security and performance with holistic, AI-powered security solutions. Combining the strengths of EdgeOne and Anti-Cheat Expert (ACE), Tencent Cloud offers a multi-layered defense system designed to protect game integrity, ensure fair play, and enhance player trust—without compromising performance.

Tencent Cloud's EdgeOne unifies performance and protection to safeguard and accelerate every gaming experience. Designed to be Built around the version of "Built for Play. Spark More.", it delivers rock-solid server stability and ultra-low latency edge AI inference, boosting both game security and player immersion with lifelike NPC interactions. EdgeOne's core strength lies in its integrated AI‑Power Security and AI Compute at the Edge.

AI‑Powered Security Protect Content: Detect and control AI crawler traffic Stop Attacks: Reduce malicious traffic from 80% to 0.2% in real time AI Compute at the Edge AI Inference: Run elastic, managed edge inference Edge Functions: Secure execution with 0.5ms cold start Take Delta Force as an example, Tencent Cloud EdgeOne powers this popular title with full-link acceleration and security, protecting massive connections via Layer 4 TCP acceleration, DDoS defense and Anycast, and securing payments and accounts with Layer 7 dynamic protection.

Complementing this is ACE, Tencent Games' one-stop game defense system with over 20 years of technical accumulation, adhering to "Game On, Cheats Gone". ACE builds a full-scenario real-time anti-cheat system via AI-powered behavioral detection and scenario-oriented security architecture. Trusted by titles such as Soul Knight Prequel, ACE features a humanized closed-loop governance system and provides scalable solutions for all developers to co-build a fair global game ecosystem.

Comprehensive AI Toolkit to Streamline Content Production

During GDC 2026, Tencent also showcased its recently launched HY 3D AI creation engine, a solution that allows enterprises to generate high-quality 3D assets from a variety of multimodal inputs – including text, images and sketches – within minutes. These capabilities can be applied to major verticals including 3D asset design, digital twins, media production, advertising, e-commerce as well as 3D printing. For example, Germany's 3D AI Studio is building better tools with this solution to enable their users to create 3D content faster; Lithunia's CGTrader plans to launch a transformative generative AI workflow designed to help its global creator community to accelerate workflows; and Germany's Maxon is integrating the HY 3D model engine into its Academy Award‑winning Cinema 4D tool on iPad and desktop, with availability planned for late 2026.

Furthermore, Tencent Cloud's Agent Development Platform (ADP) is empowering the gaming industry by enabling studios to build dynamic, knowledge-driven ecosystems. By combining RAG with complex workflow automation and multi-agent collaboration, the platform unlocks powerful use cases: from providing real-time Q&A across massive studio knowledge bases to accelerating artist onboarding and streamlining compliance with production standards. This integrated approach lays solid foundation for advanced agentic capabilities in game development.

Powering Global Gaming Success

Tencent Cloud's leadership in gaming cloud solutions is reinforced by its pivotal role in supporting some of the world's most successful and widely played game titles. From PUBG MOBILE, which has surpassed one billion global downloads, to Honor of Kings, a consistent top-grossing mobile title, Tencent Cloud provides the backbone for performance at scale. The company also powers blockbuster releases from renowned developers such as Love and Deepspace, Ragnarok Online 3, Lucky Defense, Soul Knight Prequel and NetMarble etc. With millions of concurrent players connected globally, Tencent Cloud brings deep domain expertise and proven reliability to live-service games of all sizes and genres.

Guided by its brand vision—Play Well with Tencent Cloud—the company is committed to enabling gaming clients to thrive in their business through improved efficiency and scalability to achieve long-term success. Tencent Cloud equips developers with accessible, AI-powered tools to bring their creative visions to life more quickly and effectively, while delivering richer, more meaningful experiences for players around the world. Through intelligent connection, accelerated creation, and trusted security, Tencent Cloud is redefining what it means to play well—across every part of the gaming ecosystem.

Learn more about Tencent Cloud's Gaming Expertise: Where Great Games Take Flight

About Tencent Cloud:

Tencent Cloud, one of the world's leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation.

SOURCE Tencent Cloud