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One of the most exciting yet controversial stocks in the market today is no doubt Palantir Technologies (PLTR -0.68%). The stock is up nearly 675% over the past five years, as of this writing, but it has also drawn criticism from respected short-seller Michael Burry. Burry made a name for himself by calling the housing collapse and is one of the key figures in the movie The Big Short, which documented that collapse.

The running joke around Palantir has long been that no one actually knows what the company does, despite the stock's strong performance. The company was formed shortly after the Sept. 11, 2001, terrorist attacks and was backed by PayPal co-founder Peter Thiel, who believed PayPal's fraud-detection framework could be adapted for use by security analysts.

Image source: Getty Images.

Palantir's first commercially successful product, stemming from these efforts, was its Gotham platform. The solution could gather and analyze data from disparate sources and help spot anomalies to detect potential threats. The government used the platform to follow money trails to uncover terrorist activities, and its Foundry solution was later adopted to track COVID-19 cases. Today, its platforms are used for a variety of use cases by the government, including out on the battlefield, helping with military intelligence.

While Foundry is used by the government, it has also helped push the company into the commercial market. Foundry aggregates information from various parts of an organization and unifies it into an ontology that links the data to physical objects and real-world processes. The solution took off after the company built its Artificial Intelligence Platform (AIP) on top of it, serving as an AI orchestration layer. The combination of clean data that can be linked to physical assets and everyday concepts has significantly reduced AI hallucinations in third-party AI models and delivered actionable insights. In essence, this has turned Palantir's AIP into something akin to an AI operating system.

Palantir consistently reports accelerating growth The rise of AI and the launch of Palantir's AIP set in motion huge growth for the company, especially in the U.S. commercial sector. The company's revenue growth has now accelerated for 12 consecutive quarters, culminating in a huge 93% year-over-year surge in Q2 2026.

Metric (YOY)

Q2 2023

Q3 2023

Q4 2024

Q1 2024

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q2 2026

Revenue growth

13%

17%

20%

21%

27%

30%

36%

39%

48%

63%

70%

85%

93%

Source: Company earnings reports. YOY = Year over year.

U.S. commercial revenue has been leading the way, skyrocketing 149% last quarter to $764 million in the quarter, while U.S. commercial remaining deal value soared 124% to $6.24 billion. The company is both adding new customers at a strong clip and seeing rapid growth with existing customers. Last quarter, its U.S. commercial customer count rose by 35% year over year and 6% sequentially. Perhaps the most impressive metric from Palantir's Q2 report, though, was its net revenue retention, which measures revenue growth from existing customers that have been with the company for more than 12 months. This metric came in at an eye-popping 157%.

Despite Palantir's impressive growth, Burry has thrown shade on the stock and has been increasing his short position. The most obvious knock on the stock is its valuation, which currently sits at a forward price-to-sales (P/S) ratio of 37 times 2027 analyst estimates. That's a hefty valuation, although the hypergrowth Palantir is currently experiencing can bring that multiple down pretty quickly if it can be sustained.

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Burry has also argued that Palantir's metrics resemble those of a consulting firm like Accenture rather than a software-as-a-service (SaaS) company, given its mounting receivables. However, the company's 85% gross margin doesn't look like anything close to Accenture's 32% gross margin last quarter, and its receivables are tied directly to how the government pays its customers.

Burry also thinks AI models could threaten Palantir's competitive moat. First, admitting the company has a moat seems to contradict his first argument that it is more akin to a consulting firm, as expressing concern over a threat to a moat implicitly acknowledges that a moat exists in the first place. Meanwhile, the importance of AI-model-agnostic software layers is becoming more evident by the day. AIP does not compete with AI models, and instead is a hugely important orchestration layer that sits on top of them.

Overall, while I agree Palantir stock isn't cheap, I still think it could become one of the largest and most important AI companies in the world over the next decade. This makes the bullish case stronger.

Geoffrey Seiler has positions in PayPal. The Motley Fool has positions in and recommends Accenture Plc, Palantir Technologies, and PayPal. The Motley Fool recommends the following options: long January 2028 $260 calls on Accenture Plc, short December 2026 $62.50 calls on PayPal, and short January 2028 $280 calls on Accenture Plc. The Motley Fool has a disclosure policy.

The Charles Schwab Corporation (NYSE:SCHW) will release earnings for its third quarter before the opening bell on Thursday, Oct. 15.

Analysts expect the Westlake, Texas-based company to report quarterly earnings of $1.67 per share, up from $1.31 per share in the year-ago period. The consensus estimate for SCHWs quarterly revenue is $7.21 billion. It reported $6.13 billion last year, according to Benzinga Pro.

On Oct. 1, Charles Schwab announced it will begin dual listing its common stock on the Texas Stock Exchange (TXSE).

Shares of Charles Schwab fell 1.7% to close at $96.70 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Piper Sandler analyst Patrick Moley maintained the stock with a Neutral rating and cut the price target from $118 to $100 on Oct. 2, 2026. This analyst has an accuracy rate of 79%. Compass Point analyst Ed Engel initiated coverage on the stock with a Buy rating and a price target of $135 on Aug. 3, 2026. This analyst has an accuracy rate of 61%. Morgan Stanley analyst Michael Cyprys maintained the stock with an Overweight rating and raised the price target from $133 to $136 on July 27, 2026. This analyst has an accuracy rate of 67%. Argus Research analyst Stephen Biggar maintained the stock with a Buy rating and raised the price target from $108 to $114 on July 23, 2026. This analyst has an accuracy rate of 72%. UBS analyst Michael Brown maintained the stock with a Buy rating and raised the price target from $122 to $128 on July 22, 2026. This analyst has an accuracy rate of 56%. Considering buying SCHW stock? Here’s what analysts think:

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CALGARY, Alberta, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into a definitive arrangement agreement to acquire Athabasca Oil Corporation (TSX: ATH) (“Athabasca”) in a cash and stock transaction with an implied enterprise value of $5.7 billion.

Transaction Highlights

Clear strategic fit with Cenovus’s core oil sands business – Adds approximately 45 thousand barrels of oil equivalent per day (MBOE/d)1, including thermal production proximal to Cenovus’s Christina Lake, May River and Thornbury assets, expanding the company’s position in a core resource fairway.High-quality, long-life resource – Over 75 years of proved plus probable reserves life1, including high-quality oil sands assets at Leismer and Corner, providing significant growth potential and a pathway to accelerate thermal production to 115 thousand barrels per day (Mbbls/d) by 2032.Leverages Cenovus’s SAGD operating expertise – Application of Cenovus's proven SAGD operating model to Athabasca’s assets is expected to enhance reservoir performance, reduce steam-to-oil ratios, and accelerate resource recovery. Together with a differentiated project execution track record, including the profitable completion of over 30 successful oil sands phase expansions to date, Cenovus is uniquely positioned to optimize the value of the acquired SAGD assets.$85 million of annual corporate and commercial synergies – Cenovus expects to realize approximately $85 million per year of corporate and commercial synergies, with the majority captured in the first full year following closing of the transaction.Consolidates scalable Duvernay platform – Consolidates ownership of Duvernay Energy Corporation, a high-quality, oil-weighted position in the Kaybob Duvernay, with the option to accelerate development and grow production to a sustainable 20 MBOE/d. “This transaction strengthens our position in one of the world’s premier oil-producing regions and is a natural extension of our oil sands strategy,” said Jon McKenzie, Cenovus President & Chief Executive Officer. “Athabasca’s high-quality, long-life assets fit well with our portfolio and provide a clear opportunity to apply our scale and operating expertise to improve performance, grow production and create long-term shareholder value.”

1 Production and reserves life based on estimated 2026 production exit rate. See Advisory.

Transaction details

Under the terms of the arrangement agreement, Cenovus will acquire all of the issued and outstanding common shares of Athabasca at a price of $12.00 per share, payable in cash and Cenovus common shares. Each Athabasca shareholder (other than dissenting Athabasca shareholders) will have the option to elect to receive, for each Athabasca common share held: (i) $12.00 in cash; (ii) 0.264 of a Cenovus common share; or (iii) such other proportion of cash and Cenovus shares as specified by the Athabasca shareholder. Shareholders who do not make a valid election will be deemed to have elected to receive cash for each of their Athabasca common shares.

All elections will be subject to pro-ration based on a maximum of $4.3 billion in cash, equivalent to 75% of the total consideration, and a maximum of 44.4 million Cenovus common shares, equivalent to 35% of the total consideration. As a result, the aggregate consideration will comprise between 65% and 75% cash and between 25% and 35% Cenovus shares, based on elections made and deemed to be made by Athabasca shareholders. Depending on a particular shareholder’s election and pro-rationing, an Athabasca shareholder may ultimately receive entirely cash, entirely Cenovus shares or a combination of both.

Transaction funding

The cash portion of the consideration will be funded with cash on hand and certain short-term borrowings. Cenovus’s financial framework and net debt target of $4 billion are to remain unchanged.

Cenovus’s net debt at the end of the third quarter was approximately $3.0 billion. Including the cash component of this transaction, year-end 2026 pro forma net debt is expected to be between $5.0 billion to $5.5 billion2 at strip pricing representing less than 0.5 times adjusted funds flow3.

2 Assumes the maximum aggregate cash consideration of 75% or $4.3 billion and includes estimated transaction costs incurred upon closing. Forecasted at forward strip pricing as of September 30, 2026. Pro forma net debt may differ based on Athabasca shareholder elections and pro-ration.
3 Non-GAAP financial measure. See Advisory.

Timing and approvals

The transaction has been unanimously approved by the Board of Directors of both companies. Athabasca’s directors and executive officers have entered into voting and support agreements with Cenovus, pursuant to which they have agreed, subject to their terms, to vote all Athabasca common shares beneficially owned or controlled by them, representing approximately 2.2% of Athabasca’s issued and outstanding common shares, in favour of the transaction.

Cenovus expects the acquisition to close in December 2026, subject to the satisfaction of customary closing conditions, including regulatory approvals and approval of the transaction by Athabasca shareholders. The transaction is not subject to any financing contingency.

Advisors

CIBC Capital Markets is acting as the exclusive financial advisor to Cenovus. McCarthy Tétrault LLP is acting as legal advisor to Cenovus.

Conference call today

Cenovus will host a conference call today, October 5, 2026, starting at 7 a.m. MT (9 a.m. ET).

For analysts wanting to join the call, please register in advance.

To participate in the live conference call, you must complete the online registration form in advance of the conference call start time. Register ahead of time to receive a unique PIN to access the conference call via telephone. Once registered, participants can dial into the conference call from their telephone via the unique PIN or click on the "Call Me" option to receive an automated call directly.

An audio webcast will also be available and archived for approximately 30 days.

A slide presentation with further details on the transaction can also be accessed in the investor section of our website at cenovus.com.

Advisory

Basis of Presentation
Cenovus reports financial results in Canadian dollars and presents production volumes on a net to Cenovus before royalties basis, unless otherwise stated. Cenovus prepares its financial statements in accordance with International Financial Reporting Standards (IFRS) Accounting Standards.

Forward-looking Information

This news release contains certain forward-looking statements and forward-looking information (collectively referred to as “forward-looking information”) within the meaning of applicable securities legislation about Cenovus’s current expectations, estimates and projections about the future of Cenovus, including following the acquisition of Athabasca, based on certain assumptions made in light of Cenovus’s experiences and perceptions of historical trends. Although Cenovus believes that the expectations represented by such forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Forward-looking information in this news release is identified by words such as “accelerate”, “acquire”, “anticipate”, “consolidate”, “create”, “depend”, “enhance”, “expect”, “leverage”, “maintain”, “may”, “opportunity”, “optimize”, “option”, “position”, “potential”, “realize”, “reduce”, “remain”, “synergy”, “target” and “will” or similar expressions and includes suggestions of future outcomes, including, but not limited to, statements about: acquiring all of the issued and outstanding common shares of Athabasca pursuant to a plan of arrangement (the “Acquisition”); elections of Athabasca shareholders and the associated pro-rations of cash and share consideration; integrating Cenovus’s and Athabasca’s businesses and operations and realizing the anticipated strategic, operational, commercial, corporate and financial benefits and synergies of the Acquisition and value and timing thereof; anticipated operation and development plans, including but not limited to, integrated development, expansion, existing asset optimization and potential asset integrations; the ownership consolidation of Duvernay Energy Corporation and the benefits therefrom; Cenovus's ability to provide a scalable platform and the associated optionality to accelerate development; the benefits of the Acquisition and the timing for realizing such benefits, including with respect to SAGD operation scaling, asset fit, thermal production growth, development, steam-to-oil ratio reduction, accelerated resource recovery, reserve and resource life, value optimization of Athabasca’s and Duvernay Energy Corporation's assets, integration of assets, synergies and the sources of such synergies, accretion to adjusted funds flow per share, long-term shareholder value, accretion to asset quality and financial impact; the funding of consideration; Cenovus's financial framework and net debt target of $4 billion remaining unchanged following the closing of the Acquisition; net debt and pro forma net debt following the closing of the Acquisition; anticipated pro forma net debt relative to adjusted funds flow at strip pricing; and timing of closing of the Acquisition.

Developing forward-looking information involves reliance on a number of assumptions and consideration of certain risks and uncertainties, some of which are specific to Cenovus and Athabasca and others that apply to the industry generally. The factors or assumptions on which the forward-looking information in this news release is based include, but are not limited to: information currently available to Cenovus about itself and Athabasca and the businesses in which they operate; the completion of the Acquisition on anticipated terms and timing; the satisfaction of customary closing conditions and obtaining regulatory and Athabasca shareholder approvals; general economic, market and business conditions; anticipated tax treatment; that actions by third parties do not delay or otherwise adversely affect completion of the Acquisition; that any litigation relating to the Acquisition does not prevent, materially delay or otherwise adversely affect its completion; integrating Cenovus’s and Athabasca’s businesses and operations and realizing the anticipated strategic, operational, commercial, corporate and financial benefits and synergies of the Acquisition and value and timing thereof; anticipated operation and development plans, including but not limited to, integrated development, expansion, existing asset optimization and potential asset integrations; the ownership consolidation of Duvernay Energy Corporation and the benefits therefrom; Cenovus's ability to provide a scalable platform and the associated optionality to accelerate development; the benefits of the Acquisition and the timing for realizing such benefits, including with respect to SAGD operation scaling, asset fit, thermal production growth, development, steam-to-oil ratio reduction, accelerated resource recovery, reserve and resource life, value optimization of Athabasca’s and Duvernay Energy Corporation's assets, integration of assets, synergies and the sources of such synergies, accretion to adjusted funds flow per share, long-term shareholder value, accretion to asset quality and financial impact; the accuracy of the reserve and resource estimates and the operating and development assumptions underlying the anticipated outcomes; that adverse reactions or changes to business relationships, including with employees, suppliers, customers, competitors or credit rating agencies, arising from the announcement or completion of the Acquisition, do not materially impair completion, integration or realization of the anticipated benefits; combined company production estimates; the quality of the integrated resource/assets meeting expectations; that there will be no material change to Athabasca’s operations prior to completion of the Acquisition; assumptions regarding Athabasca shareholder elections and the associated rounding and pro-ration of cash and share consideration, including the applicable aggregate limits; the availability of cash on hand and short-term borrowings to fund the cash consideration and Cenovus’s ability to issue the shares required to satisfy the share consideration; Cenovus’s financial framework and net debt target remaining unchanged; the assumptions regarding shareholder elections, commodity prices, operating results, capital spending and funding underlying anticipated net debt, pro forma net debt and pro forma net debt relative to adjusted funds flow at strip pricing; no material changes to laws and regulations adversely affecting Cenovus’s or Athabasca’s operations or the Acquisition; commodity prices; and the assumptions inherent in Cenovus’s updated 2026 corporate guidance available on cenovus.com.

The risk factors and uncertainties that could cause actual results to differ materially from the forward-looking information in this news release include, but are not limited to: changes to general economic, market and business conditions; not completing the Acquisition on anticipated terms and timing, or at all, including failure to satisfy customary closing conditions or obtain required regulatory and Athabasca shareholder approvals; failing to complete the Acquisition on the terms contemplated by the arrangement agreement between Cenovus and Athabasca; differences in Athabasca shareholder elections and the resulting cash and share consideration from those assumed; the combined company’s inability to issue securities; potential litigation relating to the Acquisition that could be instituted against Cenovus or Athabasca; the delay or inability to integrate Cenovus’s and Athabasca’s businesses and operations and realizing the anticipated strategic, operational, commercial, corporate and financial benefits and synergies of the Acquisition and value and timing thereof; potential adverse reactions or changes to business relationships, including with employees, suppliers, customers, competitors or credit rating agencies, resulting from the announcement or completion of the Acquisition; the inability or failure to achieve the anticipated operation and development plans, including but not limited to, integrated development, expansion, existing asset optimization and potential asset integrations; delay or inability to achieve the anticipated benefits from the ownership consolidation of Duvernay Energy Corporation; Cenovus's ability to provide a scalable platform and the associated optionality to accelerate development; delay or inability to achieve the anticipated benefits of the Acquisition and the timing for realizing such benefits, including with respect to SAGD operation scaling, asset fit, thermal production growth, development, steam-to-oil ratio reduction, accelerated resource recovery, reserve and resource life, value optimization of Athabasca’s and Duvernay Energy Corporation's assets, integration of assets, synergies and the sources of such synergies, accretion to adjusted funds flow per share, long-term shareholder value, accretion to asset quality and financial impact; inaccuracies in reserve and resource estimates or in the underlying operating and development assumptions; the quality of the integrated resource/assets failing to meet expectations; changes to Cenovus’s financial framework or net debt target; differences in shareholder elections, commodity prices, operating results, capital spending or funding; net debt, pro forma net debt or pro forma net debt relative to adjusted funds flow differing from anticipated levels; material changes to laws and regulations adversely affecting Cenovus’s or Athabasca’s operations or the Acquisition; the consequences of not completing the Acquisition, including the volatility of the share prices of Cenovus and Athabasca, negative reactions from the investment community and the required payment of certain costs related to the Acquisition; potential undisclosed liabilities in respect of Athabasca unidentified during the due diligence process; inaccuracies in the pro forma financial information of the combined company after the Acquisition; the interpretation of the Acquisition by tax authorities; the focus of management’s time and attention on the Acquisition and other disruptions arising from the Acquisition; volatility of, and other assumptions regarding, commodity prices; product supply and demand; market competition, including from alternative energy sources; inability to maintain relationships with partners or successfully manage and operate integrated businesses; and other risks identified under “Risk Management and Risk Factors” and “Advisory” in Cenovus’s Management’s Discussion and Analysis (MD&A) for the periods ended December 31, 2025 and June 30, 2026 and the risk factors, assumptions and uncertainties described in other documents Cenovus files from time to time with securities regulatory authorities in Canada (available on SEDAR+ at sedarplus.ca, on EDGAR at sec.gov and Cenovus’s website at cenovus.com).

The guidance in respect of Cenovus's expectations of future periods in this news release may be considered to be a financial outlook for the purposes of applicable Canadian securities laws. Such information is based on assumptions about future events, including economic conditions and proposed courses of action, based on management's assessment of the relevant information currently available, and which may become available in the future. These projections constitute forward-looking statements and are based on several material factors and assumptions set out above. Actual results may differ significantly from such projections. See above for a discussion of certain risks that could cause actual results to vary. The financial outlook contained in this news release has been approved by management as of the date of this news release. Readers are cautioned that any such financial outlook contained herein should not be used for purposes other than those for which it is disclosed herein. Cenovus and its management believe that the financial outlook contained in this news release has been prepared based on assumptions that are reasonable in the circumstances, reflecting management's best estimates and judgments, and represents, to the best of management's knowledge and opinion, expected and targeted financial results. However, because this information is highly subjective, it should not be relied on as necessarily indicative of future results.

In respect of the net debt disclosure herein, readers are directed to Cenovus’s MD&A for the periods ended December 31, 2025 and June 30, 2026 (available on SEDAR+ at sedarplus.ca, on EDGAR at sec.gov and Cenovus’s website at cenovus.com), which includes a detailed composition of how Cenovus calculates the metric.

Except as required by applicable securities laws, Cenovus disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned that the foregoing lists are not exhaustive and are made as at the date hereof. Events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward-looking information. For additional information regarding Cenovus’s material risk factors, the assumptions made, and risks and uncertainties which could cause actual results to differ from the anticipated results, refer to “Risk Management and Risk Factors” and “Advisory” in Cenovus’s MD&A for the periods ended December 31, 2025 and June 30, 2026 and to the risk factors, assumptions and uncertainties described in other documents Cenovus files from time to time with securities regulatory authorities in Canada (available on SEDAR+ at sedarplus.ca, on EDGAR at sec.gov and Cenovus’s website at cenovus.com).

Specified Financial Measures

Certain financial measures in this news release do not have a standardized meaning as prescribed by IFRS Accounting Standards including Adjusted Funds Flow. These measures may not be comparable to similar measures presented by other issuers and are described and presented in order to provide shareholders and potential investors with additional measures for analyzing our ability to generate funds to finance our operations and information regarding our liquidity. This additional information should not be considered in isolation, or as a substitute for, measures prepared in accordance with IFRS Accounting Standards. Readers are directed to “Advisory – Specified Financial Measures” in Cenovus’s MD&A for the periods ended June 30, 2026 for further information.

Oil and Gas Advisory

Barrels of Oil Equivalent – natural gas volumes are converted to BOE on the basis of six Mcf to one bbl. BOE may be misleading, particularly if used in isolation. A conversion ratio of one bbl to six Mcf is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil compared with natural gas is significantly different from the energy equivalency conversion ratio of 6:1, utilizing a conversion on a 6:1 basis is not an accurate reflection of value.

This news release makes assumptions relating to future production volumes based on reserve evaluation calculations prepared by third-party independent evaluators. Statements relating to "reserves" are deemed to be forward-looking statements as they involve the implied assessment based on certain estimates and assumptions that the reserves described can be profitably produced in the future. There are numerous uncertainties inherent in estimating quantities of proved and proved plus probable reserves and in projecting future rates of production. The total amount or timing of actual future production may vary significantly from reserves and production estimates.

This press release contains certain oil and gas metrics, such as “reserves life”, which do not have standardized meanings or standard methods of calculation and therefore such measures may not be comparable to similar measures used by other companies and should not be used to make comparisons. Such metrics have been included herein to provide readers with additional information regarding Cenovus’s acquisition of Athabasca; however, such measures are not reliable indicators of future performance and future performance may not compare to performance in previous periods and therefore such metrics should not be unduly relied upon.

Athabasca reserves life is calculated using total gross reserves on a 2P basis and dividing them by Athabasca management’s current anticipated 2026 exit production, in each case as included in Athabasca’s public disclosure. Although Cenovus has no knowledge that would indicate that any information contained in the documents filed by Athabasca are untrue or incomplete, Cenovus does not assume any responsibility for the accuracy or completeness of the information contained in such documents, or for any failure by Athabasca to disclose events that may have occurred or that may affect the significance or accuracy of any such information, which are unknown to Cenovus.

Cenovus Energy Inc.

Cenovus Energy Inc. is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The company is committed to maximizing value by developing its assets in a safe, responsible and cost-efficient manner, integrating sustainability considerations into its business plans. Cenovus common shares are listed on the Toronto and New York stock exchanges. For more information, visit cenovus.com.

Find Cenovus on Facebook, LinkedIn, YouTube and Instagram.

Cenovus contacts

Investors
Investor Relations general line
403-766-7711

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CX Institutional bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,370 shares of the semiconductor company’s stock, valued at approximately $626,000.

Several other hedge funds have also made changes to their positions in MRVL. Hilton Head Capital Partners LLC raised its stake in shares of Marvell Technology by 978.3% in the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 225 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Marvell Technology in the 2nd quarter valued at $27,000. MidFirst Bank purchased a new stake in shares of Marvell Technology during the 4th quarter worth $28,000. Aberdeen Wealth Management LLC acquired a new stake in Marvell Technology in the second quarter valued at $30,000. Finally, Pittenger & Anderson Inc. lifted its holdings in Marvell Technology by 61.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock worth $31,000 after buying an additional 120 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Key Stories Impacting Marvell Technology Here are the key news stories impacting Marvell Technology this week:

Positive Sentiment: Investors are anticipating another potential guidance increase on October 6. Marvell’s recent record revenue, 37% year-over-year sales growth and raised fiscal 2027 and 2028 outlooks support expectations for continued momentum. Prediction: This Artificial Intelligence AI Chip Stock Will Make a Big Move in October Positive Sentiment: A reported deal with Google highlights Marvell’s custom AI silicon opportunity with hyperscale customers. Management’s projected custom-chip growth through 2028 is reinforcing the view that AI demand could support further revenue expansion. Marvell’s Custom AI Silicon Deals With Hyperscalers Could Redefine Its Growth Story Positive Sentiment: Analysts and financial commentators remain broadly bullish, with Marvell frequently identified as a major beneficiary of AI infrastructure spending. Its data-center business accounted for 79% of fiscal second-quarter 2027 revenue, while several analysts maintain buy or outperform ratings. Broadcom vs. Marvell: One AI Stock Offers More Bang for the Buck Neutral Sentiment: Marvell affirmed its quarterly dividend of $0.06 per share, providing a modest shareholder return but little impact on the investment case because the annualized yield is approximately 0.1%. The Federal Reserve’s upcoming policy decision also remains relevant because interest rates and liquidity can influence high-growth technology valuations. Is Marvell Technology Fully Valued on Its Dividend Affirmation and AI Run? Negative Sentiment: Valuation is the main risk: MRVL trades at roughly 90 times trailing earnings, far above the broader market. Investors are concerned that reliance on a concentrated group of hyperscale customers could leave revenue vulnerable if AI-related capital spending slows. Should You Be Worried About Marvell Stock? Negative Sentiment: COO Chris Koopmans sold 10,000 shares worth approximately $2.6 million under a pre-arranged Rule 10b5-1 plan. The sale is a mild negative signal, though the executive retained more than 207,000 shares, limiting its significance. Insider Selling: Marvell Technology COO Sells 10,000 Shares Insider Buying and Selling at Marvell Technology In other news, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $262.05, for a total value of $2,620,500.00. Following the sale, the chief operating officer owned 207,941 shares of the company’s stock, valued at $54,490,939.05. The trade was a 4.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Murphy sold 7,500 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the transaction, the chief executive officer owned 775,686 shares in the company, valued at approximately $173,280,495.54. This trade represents a 0.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 45,000 shares of company stock valued at $9,904,225 in the last 90 days. Company insiders own 0.12% of the company’s stock. Wall Street Analysts Forecast Growth Several research firms have recently issued reports on MRVL. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $360.00 price objective on shares of Marvell Technology in a research report on Monday, September 28th. Bank of America raised their target price on Marvell Technology from $240.00 to $365.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group set a $220.00 target price on Marvell Technology in a research note on Friday, August 28th. Needham & Company LLC upped their price target on Marvell Technology from $270.00 to $300.00 and gave the company a “buy” rating in a report on Friday, August 28th. Finally, Citigroup increased their price target on shares of Marvell Technology from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $272.00.

Get Our Latest Research Report on Marvell Technology

Marvell Technology Stock Performance Shares of Marvell Technology stock opened at $272.29 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17. The company has a market capitalization of $238.77 billion, a P/E ratio of 89.86, a PEG ratio of 2.63 and a beta of 2.26. Marvell Technology, Inc. has a 1 year low of $70.68 and a 1 year high of $329.88. The company’s fifty day moving average is $227.31 and its two-hundred day moving average is $204.87.

Marvell Technology (NASDAQ:MRVL – Get Free Report) last announced its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the prior year, the company earned $0.67 earnings per share. The business’s revenue was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Analysts forecast that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Friday, October 9th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, October 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Marvell Technology’s dividend payout ratio is presently 7.92%.

Marvell Technology Profile (Free Report)

Marvell Technology, Inc (NASDAQ: MRVL) is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.

The company’s portfolio includes custom application-specific integrated circuits, data processing and networking solutions, Ethernet products, storage controllers, optical and electro-optical components, and connectivity technologies.

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Redwire Corporation (NYSE: RDW), a global leader in space and defense technology solutions, today announced it has been awarded a contract by Axiom Space, a leader in next-generation space infrastructure, to develop and deliver two Roll-Out Solar Array (ROSA) wings for Axiom Station’s secondspace station module.

As previously announced, Redwire is also building the ROSA wings for Axiom Space’s first space station module.

“We are excited and grateful for the opportunity to provide Axiom Space with additional ROSAs,” said Mike Gold, President of Redwire Space. “The unparalleled track record of ROSA supporting the International Space Station (ISS) in low-Earth orbit (LEO) makes it the ideal system to provide the robust power needed to support Axiom Space’s global customers and pioneering commercial space station, Axiom Station. At Redwire, we’re committed to leveraging our proven, heritage systems such as ROSA – with its 100-percent success rate in a wide variety of space environments from LEO, to GEO, and beyond – to be a part of Axiom Space’s mission to revolutionize both space and life on Earth via microgravity research, development, and manufacturing.”

Axiom Station will provide a permanent commercial platform in LEO where nations around the world can conduct microgravity research, develop and eventually manufacture commercial products to return to Earth, and access space uninterrupted, through human spaceflight missions.

“Redwire’s Roll-Out Solar Array hardware is a crucial component necessary for Axiom Space to build a sustainable commercial presence in LEO,” said Dr. Jonathan Cirtain, CEO and President of Axiom Space. “The company’s innovative technology will power our space station and its systems, maintaining and expanding access to LEO for more nations and extending the breakthroughs in science and technology-driven solutions that microgravity provides to benefit everyone, everywhere on Earth.”

Axiom Station’s first module is currently undergoing final assembly at Thales Alenia Space, in Turin, Italy, after which the module will be transferred to Houston for integration and testing and ultimately transferred to the Kennedy Space Center in Florida for launch. Axiom Space is planning to launch the first module in 2028. The second module is preparing to undergo final assembly at Thales Alenia Space and is planned to launch less than a year after the first, where it can loiter on orbit until ready to dock with the first module. Together, these two modules will form a four crew-capable, operational free-flying space station.

Redwire’s power systems have supported some of the world’s most high-impact space missions, from sustaining astronauts aboard the ISS to demonstrating planetary defense with NASA’s Double Asteroid Redirection Test. Building on this proven track record of success, the company’s ROSA and ELSA products are powering a new generation of commercial and national security missions, supporting plans for exploration of the Moon and Mars and paving the way for orbital data centers. With more than 65 solar array wings delivered or in development, Redwire is building the power behind humanity’s ambitions in space.

About Redwire

Redwire Corporation (NYSE: RDW) is an integrated space and defense tech company focused on advanced technologies. We are building the future of aerospace infrastructure, autonomous systems, and multi-domain operations leveraging digital engineering and AI automation. Redwire’s approximately 1,400 employees located throughout North America and Europe are committed to delivering innovative space and airborne platforms transforming the future of multi-domain operations. For more information, please visit RDW.com.

About Axiom Space

Axiom Space is a human space exploration company, building era-defining space infrastructure and delivering technology-driven solutions that will empower civilization to transcend Earth. Beginning with Axiom Station, successor to the International Space Station, the company is pioneering a next-generation orbital settlement that will foster groundbreaking innovation and research in microgravity and drive the global space economy of tomorrow. Today, guided by the vision of leading humanity's expansion off planet, Axiom Space is the principal provider of commercial human spaceflight services and developer of advanced spacesuits for the Moon and beyond. For more information about Axiom Space, visit www.axiomspace.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261005570082/en/

Honda Motor (7267.T) aims to cut costs by as much as a fifth and halve development times under its new partnership ​in India with Tata Technologies (TATE.NS), according to two people familiar with the matter, as pressure from rivals forces the Japanese automaker to rethink its go-it-alone approach.

Reeling from electric vehicle (EV)-related losses that ‌it expects to reach more than $12 billion, Honda is pivoting to gasoline-electric hybrids and slashing expenses. Last month, Reuters reported that it is seeking to cut more than $9 billion in costs over the next four years and has told suppliers to drastically reduce prices.

In May, engineering firm Tata Technologies said it was selected to develop vehicles for a Japanese automaker. It declined to name the partner, but the two people and another person familiar with the matter said it was Honda.

Under the outsourcing agreement, Tata Technologies will develop cars for ​the Indian market, while Honda expects to see up to 20% in cost reductions and halve its development times from around five years at present, two people said.

Honda decided to bring in Tata Technologies ​after the automaker's Japanese and Indian managers failed to agree on which suppliers to use for upcoming vehicles in India, two of the people said.

All three sources declined ⁠to be identified because the information has not been made public. The cost-cutting and development targets in India, as well as the internal deadlock over supplier strategy, are being reported for the first time.

In a statement, Honda said ​it has not been able to offer a sufficient product line-up in India that allows customers "value for money." To that end, it was "redefining" its offerings in India and planned to introduce vehicles that strike a balance between quality ​and price, it said.

It denied there were disagreements between the Japanese and Indian teams over supplier selection.

In a separate statement, Honda India said product development involved close collaboration between different teams, adding that it was inaccurate to characterise collaborative discussions as disagreements.

Tata Technologies did not respond to a request for comment.

STRATEGY DEADLOCK
Japanese managers wanted to retain established suppliers to ensure quality and consistency, while Honda's team in India pushed for greater use of local suppliers to lower costs and speed up development in the world's third-largest car market, ​two of the people said.

Reuters could not determine how long the deadlock lasted but the disagreement was enough to delay work on some products, the two people said. The partnership had been under discussion for about two ​years before being finalised, one of them added.

Tata Technologies, which was spun off from Indian automaker Tata Motors (TAMO.NS), was chosen because of its access to a broad network of local suppliers and because Honda managers believed it could design vehicles in line ‌with consumer tastes ⁠and spending preferences, the person said.

Honda will oversee the process to ensure quality standards are met and will retain control over areas like technology, connectivity and driver-assistance systems, the person added.

FAMOUS INDEPENDENCE
Honda has long carried the imprint of its famously independent late founder, Soichiro Honda. It developed two of the world's best-selling cars, the Civic and the Accord, along with the most popular motorcycle of all time, the Super Cub.

Like other Japanese automakers, Honda faces the difficult balancing act of defending its legacy business in places like the US while developing new technologies to compete with Chinese firms elsewhere. India, a fast-growing market that remains closed to Chinese EV makers, has become more important.

But Honda's market ​share there has slumped to 1.3% from a peak ​of 7.3% more than a decade ago. Its portfolio ⁠has shrunk to four models and it is losing to affordable, feature-packed rivals like Tata Motors and Mahindra (MAHM.NS). It also has little to offer in the biggest and fastest-growing SUV segment.

"Honda is already late and behind competitors," one of the people said.

Honda President Toshihiro Mibe is under pressure to turn around the automaker, which recorded its first-ever ​annual loss in the last financial year.

In May, Mibe said that while India was a "key focus" for Honda, the automaker had not always been successful there.

"We need ​to rebuild the business on ⁠an entirely different footing," he said.

Previously, Honda adapted for India cars that were originally designed for Japan or other global markets. That resulted in it offering vehicles that were seen as over-engineered and pricey.

The first vehicle under development with Tata Technologies is a small SUV that is less than 4 metres (13.1 feet) in length, a segment that accounts for a large portion of India's car market and where Honda has limited presence. It is targeted for launch in 2028, two of the ⁠people said.

A second, ​mid-size SUV is expected to follow, with Honda later trying to revive its strength in sedans, one of them added.

In its statement, ​Honda said it planned to launch vehicles in India in the sub-4-metre category and the larger midsize category from 2028 onwards.

India is Honda's only major emerging market and it wants to make manufacturing and sourcing there more competitive.

If the first product under the deal is successful in ​terms of quality, sales and profitability, it will open opportunities for Honda to export from India, one of the people said.

With a market cap hovering near $60 billion, Argenx SE (ARGX -1.79%) is no longer a new kid on the block in the biopharmaceutical world. However, the drugmaker still has a long way to go before becoming one of the largest healthcare companies.

Quite a few people on Wall Street believe that Argenx will make some headway on that goal in the near future, though. While the biotech stock was priced at roughly $919 as of the market close on Friday, Oct. 2, 2026, 10 analysts predict that it's headed to at least $1,200 over the next 12 months.

Image source: Getty Images.

Wall Street's take on Argenx Two analysts are especially bullish about Argenx. Wells Fargo (WFC +0.25%) and UBS (UBS +0.29%) set 12-month price targets of $1,415 and $1,400, respectively, for the stock, reflecting potential gains of more than 50%.

Another two analysts are only slightly less upbeat. TD Cowen (TD +0.23%) thinks Argenx can climb to $1,353, while Citi (C +1.18%) expects the stock to rise to $1,301.

Six others also have price targets of between $1,200 and $1,300: Citizens JMP (CFG +0.99%), H.C. Wainwright, Jefferies (JEF +1.59%), Piper Sandler (PIPR -0.64%), Morgan Stanley (MS +1.22%), and Stifel Nicolaus (SF -0.09%).

Granted, some analysts aren't as enthusiastic about Argenx. Still, the average price target for the stock is around $1,182, which represents potential upside of roughly 29%. Of the 21 analysts who have rated Argenx in the past three months, all but one rated it a "buy." The sole outlier recommending holding the stock.

Premium Feature

Moneyball Superscore

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-16.79

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What's behind the optimism? It shouldn't be surprising that most analysts are optimistic about Argenx. The company delivered $1.5 billion in global product net sales in its latest quarter, up 60% year over year and 17% quarter over quarter.

Vyvgart and Vyvgart Hytrulo are driving Argenx's growth. Both drugs are approved in the U.S. for the treatment of generalized myasthenia gravis (gMG) and chronic inflammatory demyelinating polyneuropathy (CIDP), autoimmune diseases that affect different parts of the nervous system. Vyvgart is also approved in Japan for the treatment of primary immune thrombocytopenia (ITP).

More approvals for other autoimmune diseases could be on the way. In August 2026, Argenx announced positive results from a late-stage study evaluating Vyvgart Hytrulo for the treatment of adults with autoimmune myositis. The company expects to report data from two other late-stage studies next year, one targeting primary ITP and another targeting Sjogren's disease.

Argenx isn't a two-trick pony, though. Its pipeline also features empasiprubart, which is being evaluated in registrational clinical trials for the treatment of multifocal motor neuropathy (MMN) and CIDP. The company is testing adimanebart as a treatment for congenital myasthenic syndromes (CMS) and spinal muscular atrophy. Argenx recently completed its acquisition of Forte Biosciences, adding promising experimental autoimmune disease therapy FB102 to its quiver.

Wall Street overwhelmingly views Argenx stock as a great stock to buy right now. But are the majority of analysts right? I think so.

It's important not to ignore the potential challenges for the company, though. Argenx's success hinges on positive results from its multiple ongoing Phase 3 clinical studies. Any disappointments from those trials could cause the stock to decline. More than one clinical setback could send Argenx's shares spiraling downward.

Argenx also faces a headwind in China. Net product sales in the country plunged 62% year over year in the second quarter of 2026. Granted, China accounts for only a small percentage of Argenx's total revenue, but it remains an important long-term opportunity.

Whether or not Argenx's share price can soar 30% or more over the next 12 months, as many Wall Street analysts expect, remains to be seen. However, the risk-reward proposition for this biotech growth stock looks attractive.

Photo: Rostislav Uzunov / Pexels

Hyperliquid, a decentralized perpetual futures exchange, has made its perpetual contracts available on the Bloomberg Terminal, according to a report from @coinbureau. This marks a significant step for Hyperliquid, integrating its market data into a major professional workstation. The exchange, built on its own layer-1 blockchain, supports over 100 assets and handles its operations via HyperCore. The inclusion on Bloomberg Terminal suggests increasing institutional interest and represents a potential shift in how traditional finance engages with decentralized platforms.

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Market participants appear to view this development as supportive of scenarios where Hyperliquid’s market reach broadens, potentially influencing price predictions for the asset. Current market pricing on platforms like Polymarket suggests increased optimism about Hyperliquid’s ability to reach its price targets by the end of 2026. This optimism is reflected in the December 31 sub-market, which shows a 71.5% likelihood of Hyperliquid reaching $100, up from 68% just 24 hours ago.

Key Takeaways Hyperliquid’s integration with Bloomberg Terminal appears to enhance its visibility and accessibility to institutional investors. Market pricing suggests increased confidence in Hyperliquid meeting the $100 price target by the end of 2026, with current odds at 71.5% YES. The development may indicate a growing acceptance of decentralized platforms by traditional financial institutions. What to Watch The response from institutional investors and other exchanges could provide further indicators of Hyperliquid’s impact on the broader market. Monitoring Bloomberg’s future coverage and any potential strategic partnerships will be crucial. Additionally, any regulatory developments or changes in market sentiment could affect the outlook for Hyperliquid’s price trajectory as the year-end approaches.

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Term Structure

Contract Odds Δ since publish Volume 24h December 31 71.5% — — View market → January 1 2027 2.4% — — View market → January 1 2027 1.4% — — View market → January 1 2027 2.8% — — View market → January 1 2027 2.2% — — View market → January 1 2027 3.9% — — View market → January 1 2027 3.3% — — View market → January 1 2027 4.5% — — View market → January 1 2027 7% — — View market → January 1 2027 10.5% — — View market →

US spot Bitcoin ETFs pulled in $241 million in net inflows for the trading week ending October 2, 2026. That makes three positive weeks in a row.

BlackRock does the heavy lifting The headline number hides a lopsided week. BlackRock’s iShares Bitcoin Trust (IBIT) took in $450 million on its own, according to data compiled largely from SoSoValue, with additional tracking by Farside Investors.

That brings IBIT’s cumulative figure to $65.73 billion. It remains the clear heavyweight of the group, and this week it outperformed the entire category’s net total by a wide margin.

ARK 21Shares’ ARKB added a more modest $25.52 million. The fund’s cumulative total now sits at $1.4 billion.

Fidelity’s FBTC had the opposite experience. It posted the largest outflows of the week, shedding $168 million, though its cumulative asset base still stands at $10.9 billion.

Do the arithmetic and something stands out. IBIT and ARKB together brought in more than the week’s net total, even after FBTC’s losses, which implies the remaining funds were net negative as a group.

The bigger picture: assets, market share and a rebound Total net assets across all spot Bitcoin ETFs reached approximately $108.89 billion. That figure represents 6.42% of Bitcoin’s total market capitalization.

Cumulative net inflows since the funds launched in January 2024 now total approximately $57.79 billion.

Earlier in 2026, the sector absorbed heavy redemptions, leaving a net outflow deficit of about $5.8 billion by mid-July. The recovery started in August and picked up speed in September. The week ending September 25 delivered a record inflow of $2.4 billion, and the positive trend has now carried into October.

Compared with that $2.4 billion week, $241 million is a step down. Still, the direction matters more than the size for a market that spent months watching money walk out the door.

What to watch from here The concentration in IBIT says something about how returning money behaves. If IBIT keeps absorbing the bulk of new money while others see redemptions, the headline numbers may overstate how broad the renewed appetite really is.

At 6.42%, ETF holdings are large enough that sustained buying or selling through these vehicles can influence the broader market’s supply and demand balance. Steady inflows could help support prices, but a return to heavy redemptions would put the same mechanism into reverse, as the first half of the year demonstrated.

For now, the data tells a fairly simple story. After a rough start to 2026, money is flowing back into spot Bitcoin ETFs, cumulative inflows have recovered to approximately $57.79 billion, and BlackRock remains the main beneficiary of that return.

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

Economist: Eurozone services sector growth accelerates, fueling rate hike expectations.

S&P Global Market Intelligence Chief Business Economist Chris Williamson said: "The euro zone’s service sector growth has hit its fastest pace since last November, signaling that the region’s economic recovery is accelerating, with growth momentum spreading from manufacturing to broader sectors. The composite PMI survey signals show the euro zone economy is currently expanding at a quarterly rate of 0.4% and is on track for further growth in the fourth quarter. Service sector activity in both Germany and France saw its first signs of growth since March, marking their respective first service sector expansions this year; Italy, meanwhile, expanded for the fourth consecutive month, outperforming Spain, which also posted its strongest growth in four months. Overall growth in September hit its fastest pace in five years. At the same time, the survey showed input price inflation rose to 4%, indicating the euro zone’s inflation is approaching the European Central Bank’s 2% target ceiling. Combined with the acceleration in economic growth shown by the PMI, these data suggest mounting pressure on the European Central Bank to adopt more aggressive monetary tightening measures."

1 seconds ago

DBS: NVIDIA’s Valuation Remains Low, AI Stocks Far From Being in a Bubble

DBS Group Chief Investment Officer Hou Wey Fook said that Nvidia’s price-to-earnings (P/E) ratio and projected 70% earnings growth next year indicate that AI-driven tech stocks are still far from forming a bubble. Aggregate data shows Nvidia’s current 12-month forward P/E ratio stands at 17x. Hou compared this to Cisco Systems’ valuation of around 100x before the dot-com bubble burst. He told TV interviews: "If we take Nvidia as the representative company in the AI sector, which currently has a P/E ratio of only in the teens, how can we call this a bubble?" He added that semiconductor and AI investments still have "tailwinds". However, Hou recommended adopting a "barbell strategy" to "control overall portfolio volatility": allocating to tech stocks on the growth end, while pairing with investment-grade fixed-income assets to deliver stable returns, and using hedge funds and gold as intermediate risk-diversification tools.

1 seconds ago

Hong Kong’s Financial Services and the Treasury Bureau: Draft ordinance amendment to be submitted within the year, establishing a licensing regime for virtual asset trading and custody services.

Hong Kong Secretary for Financial Services and the Treasury Christopher Hui stated that amid the advancement of fintech innovation, the government will submit a draft ordinance amendment this year to establish a licensing regime for virtual asset trading, custody, advisory, and management services. The Hong Kong Financial Services and the Treasury Bureau, in collaboration with the Hong Kong Monetary Authority (HKMA), is also working on optimizing the legal framework to drive the tech and telecommunications sectors to step up detection and removal of fraud-related content, including AI-generated fraud.

1 seconds ago

某以太坊IC0巨鲸再度卖出1.333万枚ETH

Per Lookonchain monitoring, early Ethereum participant "0xa2F6" sold 13,330 ETH after six months of inactivity, worth roughly $36.37 million. This crypto OG bought 170,000 ETH at a low price of $0.31 via Ethereum's ICO, with a total cost of just $52,700. The batch of ETH is now valued at approximately $461.4 million.

1 seconds ago

Ethereum OG "0xa2F6" Sells 13,330 $ETH ($36.37M) After 6-Month Hold

Ethereum OG "0xa2F6" sold another 13,330 $ETH($36.37M) after 6 months. This OG bought 170,000 $ETH through the ICO at a low price of $0.31 (costing $52.7K, now worth $461.4M).

1 seconds ago

Nikkei 225 index closed up 2.4%

According to Bitget market data, the Nikkei 225 index closed up 1637.40 points, or 2.40%, at 69946.86 points on Monday, October 5.

1 seconds ago

Demand for @Chainlink exposure through regulated investment products is accelerating. Spot $LINK ETFs just wrapped their best week since August, pulling in $8.3 million across five trading days, a sign that institutional appetite for the oracle network is holding firm even as broader crypto markets remain choppy.

A Remarkably Clean Track Record What makes the inflow story notable is not just the headline figure but the consistency behind it. Since launching, spot $LINK ETFs have recorded just two single days of net outflows and only one week in negative territory. For a relatively young product category, that is an unusually clean record and reflects steady, rather than speculative, institutional accumulation.

extending what has become one of the more consistent inflow streaks among non-Bitcoin and non-Ethereum spot crypto ETFs.

CCIP 2.0 Gives Institutions More Control The ETF momentum arrives alongside a significant protocol upgrade.

Launch partners include Amazon Web Services, Google Cloud, ANZ Bank, Fidelity International, Deutsche Boerse Group's Crypto Finance, and DTCC, among others.

For @SergeyNazarov and the broader Chainlink ecosystem, the combination of sustained ETF inflows and a landmark protocol upgrade makes 2026 a defining year. Whether that momentum translates into a sustained price breakout for $LINK remains to be seen, but the structural foundations are strengthening.

Sources:
CoinDesk: Chainlink launches CCIP 2.0
PR Newswire: Chainlink CCIP 2.0 official press release
Cryptonomist: Chainlink ETF inflows signal renewed investor interest

A Zcash-focused advocacy group has filed to lobby in Washington, stepping up the privacy-oriented cryptocurrency ecosystem’s efforts to shape US policy on digital assets.

Pretty Good Policy for Zcash (PGPZ) filed a lobbying registration effective on Oct. 1, naming executive director Divij Pandya as its sole lobbyist. The registration lists the Digital Asset Market Clarity Act and two digital asset tax proposals as among its current and anticipated lobbying issues.

PGPZ was launched in June this year, growing out of Pretty Good Policy for Crypto, which was launched in 2022 by Electric Coin Co. The initiative hosted Washington policy roundtables and organized a congressional briefing on encryption technologies in 2023.

PGPZ founder and chief policy and regulatory officer of ZODL, Paul Brigner, said the goal is to “make sure Zcash has serious, organized, and credible policy engagement in Washington.”

“Policymakers are making decisions that will affect whether privacy-preserving digital cash can exist, be used lawfully, and serve the public interest. PGPZ is about ensuring Zcash is understood, represented, and defended in those conversations,” he said.

In August, the Zcash Community Grants approved a $750,000 grant to fund PGPZ’s first year of work.

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.

7h05 ▪ 5 min read ▪ by Ariela R.

Summarize this article with:

The NEAR Intents hacker returned the $3.8 million stolen on October 1, 2026, announced Alex Shevchenko, CEO of the crypto exchange protocol, on October 2 on X. The return happened before the expiration of the 48-hour ultimatum set to the attacker, whom the leader claimed to have identified. Cointribune cross-checked this announcement with Bitquery’s on-chain analysis: about one fifth of the loot passed through NEAR Intents itself during the theft.

In brief Night of September 30 to October 1 (UTC): 3.87M USDT withdrawn in five times from a NEAR Intents vault on BNB Chain, according to Bitquery; NEAR Intents mentions about $3.8M. October 2: the hacker returns the funds before the end of the 48-hour deadline (Alex Shevchenko, on X). As of October 1 at 2:30 PM UTC, 76% of the loot was in bitcoin (34.69 BTC) and 21% had reached KuCoin (Bitquery). The stolen amount is about 1% of the $387.5M stolen from Bitget on September 24 (Cointribune calculation, according to Bitget). How did NEAR Intents recover $3.8M in less than 48 hours? The crypto hacker sent back the funds on October 2, before the ultimatum expired, Alex Shevchenko wrote on X. The announcement comes a week after the Bitget hack, which NEAR Intents said it blocked part of the fund transfers from.

The $3.8M NEAR Intents hacking funds were fully returned. We are stopping the investigation.

According to NEAR Intents on X, a bug in the interaction between the Omni layer of deposit and withdrawal and the main smart contract (the code holding the funds) enabled the theft. The service suspended its operations, promised full compensation, and alerted authorities. Our first article about the NEAR Intents hack details these announcements.

Bitquery’s analysis details the sequence: 3,865,000 USDT withdrawn from a vault on BNB Chain, in five withdrawals over about six hours, after two tests of 10 and 11 USDT.

However, this figure does not tell the whole story. The difference with the $3.8 million announced by NEAR Intents could come from the last withdrawal of 35,000 USDT. Moreover, the detailed report promised on October 1 has not been published at this stage.

Where did the funds go after the crypto hack? As of October 1 at 2:30 PM UTC, 76% of the loot was converted into 34.69 BTC distributed across four wallets, and 21% ($802,000) had reached KuCoin deposit addresses, according to Bitquery. Investigator ZachXBT also reported a passage through KuCoin, then a transfer to Bitcoin.

Another fact noted by Bitquery: about $822,000 was exchanged via NEAR Intents during the theft, automated exchanges that do not reveal what the protocol knew, nor when.

Why did the crypto hacker return the funds? The exact reason has not been publicly established. NEAR Intents claimed to have identified the attacker and gave them 48 hours to practice responsible disclosure, meaning reporting a crypto vulnerability rather than exploiting it, in a message on X.

You know better than most people how responsible disclosure works: this is the last window to use it. After 48 hours, this window closes.

A message attached to a transaction, shared by Alex Shevchenko and apparently from the attacker, acknowledges wrongdoing and invites using the bug bounty programs (rewards for reporting vulnerabilities). The crypto hacker’s identity and the identification method have not been disclosed either.

Is the NEAR Intents hack connected to the Bitget one? At this stage, no public evidence establishes that the two crypto hacks were carried out by the same actor. Bitget suspects a North Korean group for its September 24 attack, without independent confirmation.

NEAR Intents says it blocked more than $50 million in transfers attempted by crypto wallets linked to Bitget: $503,000 frozen in execution and $166,000 passed, according to Alex Shevchenko.

NEAR Intents hack: what we know and what remains unknown ItemInformationWithdrawalsNight of September 30 to October 1 (UTC), $3.87M in five withdrawals (Bitquery)Ultimatum48-hour deadline announced by Alex ShevchenkoReturnOctober 2, before deadline, announced by Alex ShevchenkoAttacker’s identityNot public, identification method not detailedReason for the returnNot publicly establishedTechnical reportPromised, not published at the time of article writingLink with BitgetNo public evidence at this stageSources: NEAR Intents, Alex Shevchenko, Bitquery. Information available as of October 5, 2026. The sequel depends on a deadline still undetermined: the detailed report promised by NEAR Intents. It will reveal whether this hack remains an isolated incident or reveals a weakness in its cross-chain infrastructure, which covers 35 blockchains, after the crypto hacks in September.

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Ariela R.

My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)

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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

China's Huawei Technologies (HWT.UL) said on Monday it had agreed a broad multi-year ​patent licence deal with Qualcomm (QCOM.O) covering ‌artificial intelligence, 5G, computing and networking technologies.

Here are some details:

The agreement includes Qualcomm's purchase of ​certain Huawei US patents related to ​computing, AI and networking, Huawei said in ⁠a statement.

It is Huawei's first patent ​licensing deal with Qualcomm that covers 5G ​technologies.

Huawei said the deal is expected to push the total value of its patent licensing agreements ​to more than $6.9 billion once completed.

The ​company said its intellectual property licensing business has generated ‌positive ⁠revenue since 2021, reflecting years of heavy investment in research and development.

Huawei ramped up R&D spending in recent years, as ​US trade ​restrictions since ⁠2019 have limited its ability to buy advanced chips and ​crucial software.

Huawei made its first licensing ​payment ⁠to Qualcomm in 2001, while it received its first licensing income in 2011 ⁠from ​Motorola.

The Qualcomm agreement follows a ​licensing deal with HP Inc (HPQ.N) announced by Huawei in August.

@Hedera's native stablecoin market cap has jumped roughly 71% over the past week, reaching approximately $48 million, according to data cited by @BSCNews. The move is notable for a network that is still building out its decentralized finance presence, and it comes against a backdrop of broad stablecoin expansion across the industry.

Still Climbing the Rankings Despite the sharp weekly gain, Hedera sits at just 39th place globally when chains are ranked by stablecoin market cap. That ranking, however, may not hold for long. The network is now within reach of several established layer-1 blockchains, including @Algorand, @XDCNetwork, and @Cardano, all of which have longer track records in the stablecoin space. A continued run at this pace could see Hedera overtake each of them in the near term.

The growth fits a broader pattern on the network. Earlier in 2026, Hedera's stablecoin supply had already been trending upward, with crypto.news reporting in January that USDC accounts for the vast majority of the total stablecoin supply on the chain. Data from DeFiLlama showed stablecoin supply surging nearly 17% over a single seven-day period earlier this year, driven largely by USDC, which accounted for about 99.8% of the total supply.

Why Stablecoin Supply Matters Rising stablecoin supplies on a network signal greater on-chain liquidity, which in turn can fuel increased investor demand for the native token. For Hedera, that native token is $HBAR, which currently carries a market cap of around $4.5 billion and ranks among the top 30 cryptocurrencies globally, according to CoinGecko data, with roughly 44 billion HBAR tokens in circulation.

The stablecoin surge also reflects a wider industry shift. Total stablecoin market capitalization crossed $310 billion in mid-2026, up from roughly $124 billion at the end of 2023, a 150% increase in under three years. As more capital flows into stablecoins across all chains, networks that can attract and retain that liquidity stand to benefit in terms of activity, fee revenue, and ecosystem growth.

For Hedera, the 71% weekly gain in stablecoin supply is a meaningful signal that on-chain activity is picking up. Whether the network can sustain that momentum and close the gap on its L1 peers remains the key question to watch.

Sources:
crypto.news: Hedera price breaks above crucial support as stablecoin supply grows
CoinGecko: Hedera (HBAR) live market data
Spark Money: Stablecoin supply growth and 2026 projections

Australia's CSL (CSL.AX) said on Monday it had entered ​into an agreement with Switzerland-based Alentis Therapeutics to ‌co-develop and co-promote a treatment for rare kidney and liver diseases, in a deal worth up to $1.6 billion before development ​funding.

Under the partnership, CSL will make an upfront ​payment of $355 million, while Alentis is eligible for ⁠up to $1.2 billion in commercial milestone payments.

The deal ​gives the Australian biotech giant rights to jointly develop ​and commercialise lixudebart, a potential first-in-class treatment being studied for rare kidney and liver diseases.

Lixudebart, formerly known as ALE.F02, is currently ​in a Phase 2 trial for a rare autoimmune ​kidney disease that can cause irreversible kidney damage and end-stage renal ‌disease.

The ⁠drug was granted orphan drug designation — a special status granted by the US FDA to investigational therapies intended to prevent, diagnose, or treat rare diseases or ​conditions — for the ​treatment of ⁠idiopathic pulmonary fibrosis, or chronic lung disease, in 2024.

The companies also plan to advance ​the drug as a potential treatment for ​focal ⁠segmental glomerulosclerosis (FSGS), a chronic kidney disease, and primary sclerosing cholangitis (PSC), a chronic liver disease for which there is ⁠currently ​no approved therapy.

Once commercialised, global profits ​from the drug will be shared 55% to CSL and 45% to ​Alentis.

TLDR: Table of Contents

BlackRock built three model portfolios, covering high income, diversified growth, and high growth.  Ondo turns each strategy into one token, so investors skip managing and rebalancing separate positions.  Tokenized real-world assets near $9 billion in market cap, with equities growing fastest in holders. Partners like Mirae Asset in Korea and SBI in Japan widen access across Asia, Europe, and Australia.  BlackRock tokenized portfolios are now entering the onchain market through a collaboration with Ondo Finance. BlackRock built three model portfolios focused on high income, diversified growth, and high growth.

Ondo then converted each strategy into a single token. The portfolios combine stocks, bonds, and Bitcoin ETFs. Holders can trade the tokens around the clock, including outside traditional market hours. The launch comes as tokenized real-world assets near $9 billion in market capitalization.

How the Ondo Tokenization Model Works Tokenization so far has centered on individual assets. Stocks, bonds, Treasuries, and funds have each been placed onchain separately.

This launch takes a different route by tokenizing a complete investment strategy. As a result, investors can hold one token rather than several separate positions.

Coin Bureau described the structure in a post on X. According to the post, BlackRock designs the portfolio while Ondo turns access into an onchain token.

Blackrock took TOKENIZATION to the NEXT LEVEL

Until now, most tokenization has focused on putting individual assets onchain.

Stocks. Bonds. Treasuries. Funds.

Now BlackRock and Ondo Finance are pushing toward something bigger: putting the entire INVESTMENT STRATEGY onchain.… https://t.co/rRCp2nGqTG

— Coin Bureau (@coinbureau) October 4, 2026

Therefore, investors avoid managing and rebalancing multiple positions by hand. Each token represents one of the three BlackRock strategies.

Because the BlackRock tokenized portfolios exist on blockchain rails, the tokens can move between wallets and platforms. They can also connect with other financial applications. Holders may use them as collateral in onchain apps. This feature extends the use of the tokens beyond simple holding.

Coin Bureau added that this move points toward tokenizing asset management itself. Model portfolios held roughly $9.8 trillion in assets as of June, according to Broadridge.

Consequently, asset managers could distribute full strategies through blockchain infrastructure if part of that market moves onchain.

Market Growth and Global Expansion The launch comes as tokenized real-world assets near $9 billion in market capitalization. Among these assets, equities have seen the fastest growth in holders and trading volume.

Ondo’s portfolio tokens enter this market as a new category of product. BlackRock tokenized portfolios therefore join a market that is already expanding.

Ondo has also secured partnerships across Asia, Europe, and Australia to widen access. In Asia, Mirae Asset in Korea and SBI in Japan are among the partners.

The partnerships expand access to the tokenized portfolios in those regions. Together, these partners broaden the distribution of the tokens.

The Coin Bureau post also looked at what could come next. AI could eventually build personalized portfolios around an investor’s goals, risk tolerance, and tax situation.

Tokenization would then provide access to a much wider range of assets. This scenario remains a possibility rather than a confirmed development.

The post also summarized the progression in three steps. Stablecoins brought cash onchain, while tokenization brought assets onchain.

Now BlackRock and Ondo are bringing entire portfolios onchain. According to Coin Bureau, blockchain could become part of global asset management infrastructure rather than only a settlement layer.

Table of contents

Hyperion DeFi, Inc. (NASDAQ: HYPD), the first publicly listed U.S. company building on the Hyperliquid blockchain, said on October 2 that it repurchased 240,124 HYPD shares and retired roughly $8.6 million of legacy debt, with the paydown partially funded by HYPE token sales, according to a press release filed with the SEC.

The Dallas-based company bought back 240,124 common shares at a weighted average price of $3.21 per share, before costs and fees, and repaid all outstanding principal and interest under its loan agreement with Avenue Capital. The move leaves Hyperion DeFi with no long-term debt outstanding. Chief Executive Officer Hyunsu Jung said September brought raised guidance, the start of buybacks, the debt paydown and several new business announcements, and thanked Avenue Capital for supporting the shift away from the company’s former biotech brand, Eyenovia.

A treasury funded partly by HYPE As of September 30, the company held about $14.5 million in cash, cash equivalents and stablecoins and owned 1.85 million HYPE tokens, with roughly 15.44 million HYPD shares outstanding. HYPE is the native token of Hyperliquid, a layer-one blockchain built for high-frequency trading, and has traded on major venues since Binance listed it with a seed tag in September. The company said more than 47 million HYPE have been autonomously purchased and sequestered by the network from trading fees on its central limit order books. The network settles orders, cancellations and liquidations in 70-millisecond block times and also runs HyperEVM, a smart-contract platform for permissionless DeFi applications, according to the filing. Staking HYPE grants holders lower trading fees and higher referral bonuses on the network.

From biotech to onchain DeFi Hyperion DeFi describes itself as the first U.S.-listed DeFi company on Hyperliquid, offering shareholders exposure to HYPE through staking yield and onchain utility revenue. The business is expanding alongside a broader build-out of the Hyperliquid borrowing and lending services launched this year. The filing’s forward-looking statements, including plans to scale its onchain DeFi businesses and further optimize its capital structure, remain subject to market and regulatory risks, and the company did not set a timetable for additional buybacks. It provides investors with streamlined access to what it describes as one of the fastest-growing blockchains. The company did not disclose a total dollar value for the repurchase beyond the share count and average price.

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Entrepreneur and freelance writer based in Nakuru, Kenya. I cover cryptocurrency, the Blockchain technology, and financial topics. It’s my joy to transform the simplest phrases in a way they reach a reader’s heart to help them discover how crypto is disrupting the world as we have known it. I believe in transforming the world, one word at a time.

Peter Schiff says MicroStrategy has pulled its Stretch (STRC) preferred stock back toward its $100 par value. However, he argues the company has lost the issuance channel that funded its Bitcoin purchases.

Even so, Strategy has kept adding Bitcoin, funding its latest purchase with proceeds from common stock sales.

Schiff Credits Buybacks and a Bitcoin Rebound for STRC’s RecoverySchiff, a longtime Bitcoin critic, made the case on his October 2 podcast. He said STRC trades near $99.4, a recovery he admitted surprised him.

MicroStrategy Stretch (STRC) Stock. Soure: TradingViewHe credited Strategy’s weekly STRC buybacks and Bitcoin’s rally for the move. Schiff said that rally may have restored some confidence in the stock or triggered short covering.

The preferred stock had sunk to about $75 earlier this year, which CEO Phong Le blamed on unexpected leverage.

Referring to Executive Chairman Michael Saylor, Schiff argued that the rebound has not reopened Strategy’s key funding route.

“There’s no way that he’s going to be able to start selling more Stretch; that means he’s not going to be able to raise money to really start buying more Bitcoin,” Schiff said.

He added that Strategy has raised enough cash to keep paying STRC dividends a little longer before it runs out. However, he said the company no longer has the machinery to buy more Bitcoin.

Saylor, for his part, pointed to calmer trading in the stock. He said STRC’s 30-day historical volatility stood at 9% as of October 2. That put it below the 10% reading for the SPDR S&P 500 ETF (SPY).

A milestone for Digital Credit: $STRC’s 30-day historical volatility is now 9%, below $SPY. We’re harnessing the power of Bitcoin while reducing price volatility for income investors. This is what financial engineering should do. pic.twitter.com/Jka7oOesa1

— Michael Saylor (@saylor) October 3, 2026
Common Stock Has Funded Most of Strategy’s Bitcoin Buys Since MayStrategy’s weekly filings support part of Schiff’s argument. The company last sold STRC through its at-the-market program between May 11 and 17, raising about $1.95 billion.

Its remaining STRC capacity has held at about $17.51 billion in every filing since, meaning no further shares were sold.

Strategy then paused Bitcoin buying for 10 weeks over the summer, selling coins instead to fund dividends and STRC buybacks. When it resumed in late August, it relied on other funding sources.

It sold class A common stock (MSTR) to fund 4,603 BTC that week and 1,665 BTC in late September. In between, it spent $75.7 million from its USD Cash account on 950 BTC.

Common stock proceeds also flow back into STRC. Between September 21 and 27, Strategy used $103.5 million from MSTR sales to repurchase STRC shares.

Strategy also held a $5.02 billion USD Reserve as of September 27. The company says the pool is meant to support preferred dividends and debt interest.

Schiff expects Bitcoin to roll over once tech stocks pull back. Strategy usually reports purchases on Mondays, so its next filing will show whether common stock sales keep funding its buys.

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Ethereum traded near $2,687 on October 4 after reaching $2,765 briefly the previous day, according to historical data compiled by CoinCodex.

Key price levels and technical landscapeThe $2,700–$2,800 zone marks a critical region for Ethereum, with analysts identifying this range as the dividing line between short-term price consolidation and the potential for a renewed move toward $3,000.

Bulls have repeatedly failed to secure $2,800 as a support level, leaving ETH in a familiar trading range. A sustained close above $2,800 could open the door to $3,000, while further rejection likely puts the $2,600–$2,650 range in focus as the main support area.

Ethereum will need to stabilize above $2,700 and close decisively above $2,800 before a push toward $3,000 becomes plausible, based on current breakout analysis.

Despite periodic attempts to break above resistance, the technical setup for Ethereum remains heavily influenced by both price action and institutional sentiment.

Institutional flows and ETF outflowsRecent data from Farside Investors shows that U.S. spot Ethereum ETFs saw three consecutive days of net outflows through October 2. Investors withdrew $59.6 million on September 30, $55.4 million on October 1, and $17.3 million on October 2, in contrast to stronger demand seen earlier in the quarter.

Coinpaper also reported this divergence, noting that while Ethereum funds moved back to net outflows, Bitcoin-based ETF products showed greater resilience.

ETF/ProductSept. 30 Net FlowOct. 1 Net FlowOct. 2 Net FlowTrendU.S. Spot Ethereum ETF– $59.6M– $55.4M– $17.3MOutflowBitcoin ETFStableStableStableMore resilientThe shift in institutional demand has added headwinds for Ethereum’s rally attempts at key price levels.

Glamsterdam upgrade and price outlookBeyond technicals and fund flows, market attention is turning to the upcoming Glamsterdam upgrade. This major Ethereum network update is set to activate on the Sepolia testnet on October 6 and aims to deliver improvements in Layer-1 scaling, block construction, and gas pricing. Mainnet activation is expected later in the fourth quarter.

Coinpaper has linked the anticipated Glamsterdam upgrade to the possibility of ETH testing the $3,000 mark, should resistance break and positive sentiment build.

Mini dictionary: Glamsterdam Upgrade, the next major Ethereum network update designed to improve core Layer-1 scalability, block production processes, and reduce transaction fees through more efficient gas pricing. Activation will occur first on testnets like Sepolia before mainnet deployment.

Technical analysts have already highlighted a possible connection between the upcoming Glamsterdam upgrade and a renewed attempt by $ETH to break key resistance and approach $3,000.

17h05 ▪ 14 min read ▪ by La Rédaction C.

Summarize this article with:

Crypto rankings almost always sort by price or market cap. This one looks at neither. It counts what each project actually put into production between 1 July and 29 September 2026, with a date and an official source for every milestone. The result: Stellar finishes first, Qubic and Chainlink follow, and two of the market’s heavyweights, Ethereum and Bitcoin, do not even make the table.

In Brief Five projects selected after a review of the CoinGecko top 100 on 29 September, plus Qubic, a guest from outside the top 100 (about $66 million in market cap). Four criteria, nothing else: an upgrade activated on mainnet, a product launched, a named institution or regulator, a usage figure published by the project. Stellar ticks all four boxes with six dated milestones, including MoneyGram joining as a validator and $40 billion processed since January. Chainlink lands the largest institutional deal of the quarter: 17 banks and asset managers connected to Swift’s blockchain ledger. Ethereum, Bitcoin, Solana and Hyperliquid are absent: nothing dated on their mainnet in the third quarter. How was this ranking built? By counting dated, sourced milestones, not promises. A milestone scores one point if it is dated, published by the project itself (blog, press release, GitHub repository) and happened between 1 July and 29 September 2026.

The starting point is the CoinGecko top 100 as read on 29 September. The approach extends the one used in our AI crypto comparison, which already refused to line up Qubic, TAO or Render by price alone.

Four categories were reviewed for each project.

Mainnet: the real version of the blockchain, where user funds actually move, as opposed to test networks. Only an upgrade that was voted and activated counts. Product: a service open to the public. A roadmap does not count. Institutions and regulators: a named partner, a licence obtained, a financial product listed on an exchange. Published figures: a usage number released by the project itself, such as transactions, accounts or volume. Projects are ranked first on the number of categories covered, then on the number of milestones. Ties are broken by the size of the counterparties. What does not count: price, undated announcements, testnets, rumours and forecasts.

RankProject (CoinGecko market cap, 29/09)MainnetProductInstitutionsPublished figuresDated milestones1Stellar (XLM), $7.8BYesYesYesYes62Qubic (QUBIC), $66M, outside top 100YesYesNoYes63Chainlink (LINK), $10.9BNoYesYesYes54Injective (INJ), $0.77BUnconfirmedYesYesYes55Ondo (ONDO), $2.5BNoYesYesNo6Market caps rounded, read on CoinGecko on 29 September 2026. Just behind, with two categories each: TRON, Algorand, Zcash, Avalanche, XRP (see below). Why does Stellar finish first? Because it is the only network in the panel to tick all four boxes with dates. One upgrade, two products, three named partners and one published activity figure, all in twelve weeks.

On 8 July, validators activated Protocol 27, nicknamed “Zipper”. Validators are the computers that confirm transactions. The upgrade lets an account delegate its signature check to another address, which simplifies multi-signer wallets (Stellar software versions).

On 16 July, MoneyGram, Figure Markets and Range became Tier 1 validators (press release, 16 July).

The day before, Tradable had committed to tokenize up to $1 billion of private credit on the network (press release, 15 July). Tokenizing means representing a traditional asset as a token on a blockchain.

On 2 September, USDT0, the multi-chain version of Tether’s stablecoin, went live on Stellar. The same release puts the value processed by the network since January at $40 billion (press release, 2 September).

On 22 September, payments infrastructure provider BVNK integrated the network (press release, 22 September).

Denelle Dixon, CEO of the Stellar Development Foundation, on 2 September:

Stellar has been trusted to power cross-border payments for more than a decade and the addition of USDT0 to the Stellar ecosystem strengthens the network’s industry-leading payments stack.

What is missing: no active-user figure in any of these releases, and the stablecoin clearing prototype linked to the Bank of England’s settlement system, announced on 3 September, remains a prototype.

Qubic: what is a project outside the top 100 doing here? On the grid, it matches the big names. On market cap, it is nowhere near them. Six dated milestones in one quarter, no named institution, and a $66 million market cap, one hundred times smaller than Stellar.

Qubic has its miners work on useful computations, in practice training neural networks, instead of disposable ones. The project calls this useful proof of work, which we detailed in Qubic: turning every CPU cycle into real-world value.

On 29 July, Outsourced Computing went live on mainnet: third parties can now buy the miners’ computing power. On 4 August, the AIO developer kit was released publicly.

On 19 August, at epoch 227, token issuance was cut in half, an event known as a halving (Qubic recap of the 6 August meeting, published 13 August).

At epoch 228, in late August, Ant Colony mining was activated. Instead of each starting from scratch, miners extend results published by others. Each published result requires a 1 million QU deposit, and the 676 best miners are rewarded every week (Qubic blog post, 4 September).

On 22 September, the project reported a score of 0.38 for its Neuraxon model on ARC-AGI-3, a reasoning benchmark for artificial intelligence, up from 0.13 at the start, achieved on standard CPUs with no graphics card. The same recap reports a live cross-chain oracle and AEON Pay coverage at more than 20 million merchants in six countries (Qubic recap, 22 September).

The limits are clear. The ARC-AGI-3 score is self-reported by Qubic, not taken from a third-party leaderboard. 

The Alchemy Pay purchase campaign converted $12,613 from 38 buyers between 29 July and 28 August, a modest figure the project publishes itself.

The legal entity needed for its MiCA file, the European crypto-asset regulation, is “being registered”. No bank, no regulator, no exchange named this quarter. Hence the empty “Institutions” box, and second place rather than first.

Chainlink: the quarter of the institutions Five milestones in six weeks, every one with a named counterparty. A ranking weighted by partner size would put Chainlink on top. That is not the choice made here, and we say so.

Chainlink is a network of oracles: it feeds smart contracts with real-world data, such as a price or a bank reserve.

On 18 August, the State of Wyoming migrated its FRNT stablecoin to CCIP, Chainlink’s protocol for moving assets between blockchains, across eight networks (press release, 18 August). On 2 September, the same state adopted Chainlink Proof of Reserve (press release, 2 September).

On 24 August, Coinbase chose Chainlink price feeds for its tokenized stocks on Base (press release, 24 August).

On 28 September, CCIP 2.0 launched, with ANZ, Fidelity International, Sygnum and SBI Digital Markets among the named users, and $84 billion of cross-chain value secured according to the project (press release, 28 September).

The heaviest milestone came the same day: 17 financial institutions connected, in a pilot, to Swift‘s blockchain ledger through Chainlink’s runtime environment (Chainlink press release). We covered the starting point of that relationship in Chainlink enables tokenized asset transactions via Swift integration.

Sergey Nazarov, co-founder of Chainlink, in that release:

I’m very excited about the Swift ledger and what it will mean for tokenized deposits, as well as where global payments goes next.

One nuance to keep: this is a pilot, not a production rollout, and the oracle network itself saw no dated upgrade this quarter.

Injective: shipping inside a regulated frame An SEC registration, $1 billion of tokenized mortgage records, and INJ on Solana. Three categories covered, a fourth possible but unverified.

On 19 August, Injective Institutional Services was registered as a transfer agent with the SEC, the US securities regulator. A transfer agent keeps the official register of who holds a security (Injective blog post, 19 August).

On 4 September, Pineapple Financial tokenized more than $1 billion of mortgage records on the network (blog post, 4 September).

On 17 September, the INJ token became available on Solana (blog post, 17 September). On 22 September, Injective opened stablecoin payments at thousands of merchants through Bitrefill (blog post, 22 September).

What is not counted: two mainnet upgrades, IIP-677 in late July and Meridian on 24 September, relayed by exchanges but not found on Injective’s blog or governance page as of 29 September. If they are confirmed, Injective covers four categories and moves ahead of Qubic and Chainlink.

Ondo: tokenized stocks move from pilot to regulated framework Six milestones, including three US authorisations, but no network upgrade of its own and no usage figure. That is what keeps it in fifth place despite sharing the highest milestone count in the panel with Stellar and Qubic.

Ondo tokenizes US financial assets. On 15 July, it launched the first tokenized stocks backed by entitlements held at the DTC, the US central securities depository (Ondo blog post, 15 July).

On 23 July, its subsidiary Oasis Pro Markets obtained FINRA authorisations, the US broker-dealer regulator, to offer tokenized stocks and funds to US investors (blog post, 23 July).

On 16 September, it became the first tokenization platform to join Fund/SERV, the DTCC system that handles 85% of US fund transactions (blog post, 16 September).

Talia Klein, Managing Director at DTCC, in that post:

Interoperability between traditional infrastructure and digital asset ecosystems will be critical to achieving scale and broad market adoption.

Add the SBI partnership in Japan on 16 July, USDY on BNB Chain on 4 August and Ondo Stocks on NEAR on 22 September (blog post, 22 September). None of these posts gives a volume, a holder count or assets under management: the “Published figures” box stays empty.

Just behind: TRON, Algorand, Zcash, Avalanche, XRP Five projects with two categories each, including the fifth-largest by market cap. They fall outside the top 5 on the grid, not on importance.

TRON changed nothing dated on its protocol, but the first spot staked TRX ETF listed on Cboe on 9 September, and the project published $30 trillion in cumulative volume and 405 million accounts on 24 September (press release, 24 September). The previous step is in TRON breaks records: 400 million accounts.

Algorand did the opposite: protocol, no partners. Post-quantum accounts, built to resist future quantum computers, have been live since 20 August, with 1.24 million transactions in nineteen days, and the August report counts 677,000 active wallets (August report).

Zcash responded to a flaw discovered in May: the Ironwood upgrade on 28 July closed the old shielded pool and opened a new one (official NU6.3 page), then Grayscale’s Zcash ETF listed on NYSE Arca on 25 August. Context in Grayscale launches the first Zcash ETF listed in the United States.

Avalanche has only two milestones, but heavy ones: the Helicon upgrade on 22 September, six proposals activated at once (v1.15.0 on GitHub), and the Goldman Sachs FTIXX money market fund made accessible through Lynq, a settlement network built on a private Avalanche chain (tZERO press release, 28 September).

XRP: Ripple obtained its full CASP licence under MiCA on 6 July, valid in thirty countries (Ripple press release), and launched Ripple Mint on 23 July. On the XRPL side, versions 3.3.0 and 3.4.0 were released, but no major amendment activation is confirmed as of 29 September: released software is not activated software.

Who is missing, and why? The absentees are not stalled projects. Their quarter played out on test networks.

Ethereum activated Fusaka on 3 December 2025. Since then, everything has happened on testnets: Glamsterdam is scheduled on Sepolia for 6 October and the mainnet date is “not decided” (Ethereum announcement, 17 September).

Bitcoin: Core 31.0 shipped on 19 April, nothing dated since (31.0 release notes). Solana did activate Transaction V1 on 9 September, but Alpenglow slipped to October (Solana changelog, 18 September): one category only. Hyperliquid has only dated testnets.

Cardano completed its van Rossem hard fork on 18 July, the first ratified entirely by an on-chain vote (Intersect post): one category, one milestone.

What this ranking does not tell you Counting is not weighing. Avalanche sits outside the top 5 with two milestones, each of which outweighs half the table. Chainlink would be first if ranked by counterparty size. The grid is deliberately simple so it can be verified; it is not fair in every case.

The figures are self-reported. Chainlink’s $84 billion, Stellar’s $40 billion, Qubic’s 0.38 are published by the projects. None has been audited by a third party as far as we know. And a quarter is a snapshot: Kaspa activated Toccata on 30 June, one day too early to make it here.

Finally, there is no link to price. Algorand, outside the top 5, saw ALGO gain 72% in six weeks. Stellar, first, publishes no figure of that kind. Shipping and rising are two different things, and this article makes no forecast.

On the current market dynamics, see Altcoins outperform Bitcoin, but this is not altseason yet. 

FAQ Does a project outside the top 100 belong in a crypto top 5? Yes, provided the same grid is applied and its market cap is shown. Qubic weighs about $66 million, one hundred times less than Stellar, and it is a Cointribune partner. Both facts are in the table. Excluding it on market cap alone would amount to ranking by price, which this article refuses to do.

Where can I check each milestone myself? Every date in this article links to the project’s blog, press release or GitHub repository. For software versions, the repository’s “releases” page is the reference. For ETFs, the issuer’s press release and the listing exchange’s page.

Why don't testnets count? Because a testnet can slip with no consequence for users. Alpenglow at Solana and Glamsterdam at Ethereum were both pushed back this quarter. Only mainnet commits user funds, so only mainnet counts.

Will this ranking be updated? Yes, at the end of each quarter, with the same grid. The next dated deadlines: Glamsterdam on Sepolia on 6 October, Alpenglow targeted for October by Solana, and Zcash’s NU7 upgrade targeted for 5 November according to developers, a date not confirmed by the Foundation.

On 6 October, Ethereum will activate Glamsterdam on Sepolia. If mainnet follows before 31 December, the fourth-quarter table will have a new leader. If not, the question will be the same as today: who ships, and who announces?

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The Cointribune editorial team unites its voices to address topics related to cryptocurrencies, investment, the metaverse, and NFTs, while striving to answer your questions as best as possible.

 | Source: Vaxcyte, Inc.

SAN CARLOS, Calif., Oct. 04, 2026 (GLOBE NEWSWIRE) -- Vaxcyte, Inc. (Nasdaq: PCVX), a clinical-stage vaccine innovation company, today announced it will host a webcast and conference call tomorrow, October 5, 2026 at 8:00 a.m. ET / 5:00 a.m. PT to present topline data from the OPUS-1 adult pivotal Phase 3 trial evaluating the safety, tolerability and immunogenicity of VAX-31, the Company’s 31-valent pneumococcal conjugate vaccine (PCV) candidate designed to prevent invasive pneumococcal disease (IPD) and pneumococcal pneumonia.

To participate in the conference call, please dial 800-445-7795 (domestic) or 785-424-1699 (international) and refer to conference ID PCVX1005. A live webcast of the conference call will also be available on the investor relations page of the Vaxcyte corporate website at www.vaxcyte.com. 

After the live webcast, the event will remain archived on the Vaxcyte website for at least 30 days.

About Vaxcyte
Vaxcyte is a vaccine innovation company engineering high-fidelity vaccines to protect humankind from the consequences of bacterial diseases. VAX-31, a 31-valent PCV candidate being evaluated in the OPUS Phase 3 adult clinical program and in a Phase 2 infant clinical program, is being developed for the prevention of IPD and is the broadest-spectrum PCV candidate in the clinic today. VAX-24, a 24-valent PCV candidate, has generated positive Phase 2 clinical results in both adults and infants and is designed to cover more serotypes than any PCV on-market. VAX-31 and VAX-24 are designed to improve upon standard-of-care PCVs by covering the serotypes in circulation that cause a significant portion of IPD and are associated with high case-fatality rates, antibiotic resistance and meningitis, while maintaining coverage of previously circulating strains. VAX-XL, in earlier-stage development, also leverages the Company’s carrier-sparing, site-specific conjugation technology with the aim of further expanding coverage to deliver the broadest-spectrum candidate in the Company’s PCV franchise.

VAX-A1 is a prophylactic vaccine candidate designed to provide broad, strain-independent protection against disease caused by Group A Strep and is currently being evaluated in a Phase 1 clinical study in adults. Group A Strep remains a significant global cause of morbidity and mortality across both adult and pediatric populations and is a leading driver of antibiotic use, underscoring the substantial public health burden.

Vaxcyte is re-engineering the way highly complex vaccines are made through XpressCF®, its cell-free protein synthesis platform exclusively licensed from Sutro Biopharma, Inc. Unlike conventional cell-based approaches, the Company’s system for producing difficult-to-make proteins and antigens is intended to develop and deliver high-fidelity vaccines with enhanced immunological benefits. Vaxcyte’s pipeline also includes VAX-GI, a vaccine candidate designed to prevent Shigella. For more information, visit www.vaxcyte.com.

Contacts:
Patrick Ryan, Executive Director, Corporate Affairs
Vaxcyte, Inc.
415-606-5135
[email protected]

Jeff Macdonald, Executive Director, Investor Relations
Vaxcyte, Inc.
917-371-0940
[email protected]

Tokenized stocks on Solana have racked up $12.4 billion in decentralized exchange trading volume so far this year. Raydium accounts for the biggest share, at $6.1 billion.

The numbers behind the surge
In Q2 2026, Solana recorded $5.8 billion in tokenized equity DEX volume, a 114% jump from the prior quarter.

That same quarter, Solana captured approximately 95% of global on-chain equity DEX trading.

September 2026 alone produced $4.4 billion in tokenized stock DEX volume on Solana, with Raydium and Orca handling the flow.

Raydium has become the default venue for this activity. In recent snapshots, it routed over 90% of Solana’s tokenized stock DEX flows, and its cumulative volume in the category passed $5 billion by mid-September.

Through mid-September, Raydium processed about $2.3 billion in tokenized stock volume during Q3 2026. That works out to a 40% increase over the previous quarter.

Across all blockchain networks, tokenized stocks generated $48.7 billion in volume over the preceding 12 months, and Solana’s share often tops 95% during peak trading windows.

Tokenized equities have also claimed over 4% of total DEX spot volume in 2026.

How xStocks built the on-ramp
Much of this growth traces back to one product: xStocks, built by Backed Finance. Each token is backed 1:1 by an equity held with a custodian.

By September 18, 2026, xStocks had surpassed $6 billion in cumulative Solana trading volume.

That figure represents 54% of all tokenized stock volume in Solana’s history.

Traditional stock markets keep business hours, while DEXs run 24/7, so a trader can react to news on a Saturday night instead of waiting for Monday’s opening bell.

Regulation and rivals enter the frame
The growth has coincided with a shifting regulatory backdrop. A recent SEC innovation exemption is designed to make compliant on-chain trading easier.

Solana is not the only chain chasing this market. BNB Chain has its own bStocks offering, and Robinhood Chain is also competing for on-chain equity traders.

What this means for traders and the market
Raydium handling over 90% of flows in recent snapshots and xStocks owning 54% of historical volume make the ecosystem efficient, but also dependent on a small number of players.

The custody model deserves attention too. Tokens backed 1:1 by custodied shares are only as reliable as the custodian and the issuer behind them, so traders are taking on counterparty considerations that do not exist when owning a stock directly.

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

Solana recorded its strongest month yet for tokenized stock DEX trading. Raydium drove most of September’s acceleration, while activity spread across multiple venues. Off-hours trading is becoming a major part of the market. October will test whether September’s surge represents durable liquidity or a temporary spike. Tokenized stock trading on Solana reached a record in September, with decentralized exchanges processing more than $4.4 billion, according to Blockworks data shared by Solana in X.

Solana transaction activity reached a quarterly record in Q3 2026. The monthly chart shows a sharp acceleration from the relatively small market of 2025. Activity first broke higher in June 2026, cooled over the following two months and then climbed to a new peak in September.

Raydium was the main driver. Reported volume on the exchange reached approximately $2.8 billion, up more than fivefold from roughly $500 million in August. Orca, Meteora, Byreal, Tessera, JupiterZ and several smaller venues accounted for the rest of the market.

Trading Activity Is Outpacing Asset Growth Solana’s tokenized equity supply reached roughly $684 million in September. Against monthly trading activity, that implies turnover of approximately 6.4 times the value of equities represented onchain.

The comparison does not measure capital inflows. Supply is a point-in-time measure, while trading volume counts repeated transactions. Instead, it indicates that the market is developing significant secondary turnover rather than simply accumulating tokenized shares in wallets.

The visual below adds a different dimension: where the market’s liquidity is coming from and what still needs to be tested.

Solana Tokenized Equities

September’s Liquidity Map

Market Structure

Raydium

Dominant liquidity venue

Orca + Meteora

Established alternative pools

Long-tail DEXs

Liquidity spreading across more venues

Next Market Test

Spread Quality

Can liquidity stay tight during volatility?

Off-Hours Pricing

How closely do tokens track closed U.S. markets?

October Retention

Does record activity persist?

Source: Blockworks and Solana ecosystem data

xStocks and Ondo Expand Solana’s Equity Market Solana’s tokenized-stock market is developing around more than one issuance model.

Backed Finance’s xStocks helped establish early activity. By mid-September, the products had generated more than $6 billion in cumulative Solana trading volume, with SPYx, CRCLx, TSLAx, NVDAx and QQQx among the most actively traded instruments.

xStocks are tracker certificates designed to provide economic exposure to their referenced securities rather than direct ownership of the corresponding U.S.-listed shares.

Ondo Finance takes a different route. Its Global Markets platform connects token issuance and redemption with securities held through traditional financial intermediaries and has expanded to hundreds of tokenized stocks and ETFs.

The different structures matter as liquidity moves beyond issuer platforms and into third-party DEXs. Investor rights, redemption mechanisms and access restrictions depend on the product rather than simply the blockchain on which it trades.

Most Activity Happens Outside U.S. Market Hours One of the more unusual characteristics of Solana’s equity market is when investors are trading.

Solana ecosystem data indicates that 63% of cumulative tokenized-equity volume through August occurred outside standard U.S. stock-market hours.

That creates functionality conventional equities cannot provide, but also introduces a structural pricing problem.

Tokenized Nvidia or Tesla exposure can continue changing hands while Nasdaq is closed. During those periods, traders lack continuous price discovery from the underlying cash equity market. Liquidity can thin, spreads can widen and token prices can move before the underlying security reopens.

Continuous token trading therefore should not be confused with continuous trading of the underlying stock.

September Puts Liquidity Under the Spotlight The September record shifts attention from how many equities can be tokenized to how well those assets actually trade.

Solana now has multiple issuers, several DEX venues and meaningful activity outside U.S. trading hours. The harder test is whether that infrastructure can maintain deep liquidity and reliable pricing through different market conditions.

October should provide the first indication. If activity remains elevated while liquidity broadens beyond Raydium, September will look less like an isolated surge and more like a structural expansion of Solana’s tokenized-equity market.

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.

Full Profile

TLDR: The Community BuyBack closed with more than 7.2 million INJ burned, and Stockdrop claims are now open. CypherOS made its first public appearance as a privacy platform for confidential trades and tokenization.  Canary Capital filed Amendment No. 3 for a Staked INJ ETF that plans to stake at least 90% of holdings.  Robinhood now supports INJ trading and transfers, giving users native INJ access without a bridge.  Injective Stockdrop went live this week, allowing participants to claim tokenized stock rewards. The Community BuyBack closed with more than 7.2 million INJ burned to date.

CypherOS also made its first public appearance as a privacy platform on the network. Meanwhile, Canary Capital filed an amendment for a Staked INJ ETF, and Robinhood added INJ trading and transfer support. These updates form the main developments on Injective over the past week.

The first Injective Stockdrop is now live. The Community BuyBack that preceded it has ended. According to the project, more than 7.2 million INJ have been burned to date.

Stockdrop participants can now claim their tokenized stock rewards. The project refers to eligible community members as loyal ninjas.

CypherOS also made its first public appearance this week. Injective shared a preview of the platform. CypherOS is built for confidential transactions, trades, and tokenization. The project describes it as a privacy platform on Injective. Injective positioned the platform for use across its network.

Injective’s post on X also listed several ecosystem launches. Sprout (@sproutsomefun) lets users bridge, discover, and trade new launches in one place. RunUp (@runupdotfun) is now live as well.

The first Injective Stockdrop went live. The Community BuyBack closed with more than 7.2 million $INJ burned to date with loyal ninjas now being able to claim tokenized stocks. CypherOS also made its first public appearance as the privacy platform for confidential transactions,… pic.twitter.com/rvRzdtPYT0

— Injective 🥷 (@injective) October 4, 2026

It allows users to launch tokens powered by long or short perp markets. Both projects operate within the Injective ecosystem.

INJ is now live across the Solana ecosystem. Support includes Phantom and several trading, launch, and data apps. The FOMO thesis competition also ended.

INJ was sent to every winner, and Injective said more releases are on the horizon. The network included these items in its weekly recap.

Institutional Access and Network Activity Canary Capital filed Amendment No. 3 to its SEC registration statement for a Staked INJ ETF. According to the update, the fund plans to hold spot INJ.

It also intends to stake at least 90% of its US institutional holdings. Injective shared the filing detail in its weekly post on X.

Robinhood now supports INJ trading and transfers. Users therefore get a direct route into Injective with native INJ. The platform does not require a bridge.

Robinhood users can trade without moving assets across chains. Injective listed the update among its top developments this week.

Injective and LG CNS are also working together. The goal is to bring more activity onchain through a 24/7 programmable economy.

In addition, Injective hosted the largest institutional event during Korea Blockchain Week. Attendees included members from Coinbase, the Federal Reserve, LG, BitGo, and more.

Network data was also part of the update. Injective has processed more than 3 billion transactions. More than 42 million of those took place in the past 30 days. Injective listed these figures under key stats.