Market Signal Briefing

Bitcoin (BTC) has recently breached the key psychological support level of $70,000, trading at $68,739.30 (-3.49% in 24h) at press time.

This happened after the Pentagon reported plans to execute a “final blow” on Iran, in addition to the upcoming expiration of $16.4 billion in Bitcoin and Ethereum options on Friday.

Source: CoinMarketCap

Bitcoin breakout signalNonetheless, on-chain data show persistence in whale accumulation, with wallets holding between 10 and 10,000 BTC increasing their positions by 0.45% (61,568 BTC) over the past month.

Consistent accumulation is generally a sign that the market is ripe for bullish momentum.

Still, the digital asset’s price has continued to drift, failing to break above $75,000 over the past month. 

Beyond macroeconomic and geopolitically driven uncertainty, retail fear of missing out (FOMO) is contributing to the price pullback.

According to market intelligence platform Santiment, retailers’ accumulation of Bitcoin is moving in tandem with that of sharks and whales. In the past month, wallets with under 0.01 BTC have added onto their stash by 0.42%.

Source: Santiment

Bitcoin has historically shifted from bearish to bullish momentum when the actions of these two investors diverged – long-term holders expressed immense buying pressure as short-term holders exited the market.

Until we attain such a trend, the digital asset is likely to experience prolonged sideways movement. Fed actions, inflation reports, and developments in the ongoing US-Iran conflict will continue to drive price volatility.

Near-term BTC movementIn the near term, analysts point to an impending capitulation, driven by historical trends and economic pressures.

Source: X

Another analyst points out that a dip below $48,387 (the long-term holder realized price) and the -0.2 standard deviation band ($36,657) have historically sparked bull runs. And each time the gains exceeded 300% within 18 months.

For over a decade, Bitcoin $BTC has kicked off new bull runs after dropping below:

• Long-term holder realized price: $48,387
• −0.2 standard deviation band: $36,657

I’ll be watching these zones for dip-buying opportunities ahead of the next bull cycle. pic.twitter.com/T2SismH5Pl

— Ali Charts (@alicharts) March 26, 2026 The gold-Bitcoin narrative supports this theory, in which Bitcoin experienced a V-shaped recovery following a surge and cool in gold prices.

Bleak forecasts hint at a possible recession due to unemployment, economic shifts, and the West-Middle East friction.

Unemployment rate rising
Geopolitical conflicts rising
Price of oil rising
Inflation rising

Airport travel collapsing
Bitcoin dropping
Stocks dropping

All business cycles must come to an end, and it usually ends with a recession.

— Benjamin Cowen (@intocryptoverse) March 26, 2026 Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

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Bitcoin Depot Inc. [Nasdaq: BTM] is North America’s largest operator of Bitcoin ATMs, with over 9,000 machines across the United States and Canada. However, the company recently announced changes to its executive team.

Amidst continuous regulatory concerns for Bitcoin Depot, Scott Buchanan resigned, and Alex Holmes, a former CEO of MoneyGram, was named the new CEO. Holmes emphasized that he wanted to improve operations and make sure that rules were followed.

In addition, Brandon Mintz, a co-founder, resigned from his position as executive chairman to serve on the board of directors. They implemented the changes in accordance with an earlier plan from November 2025.

What’s fueling the 30% revenue decline projection? However, Yahoo Finance’s analysis estimates a 30% to 40% decline in revenue in 2026 due to regulatory issues. For instance, Connecticut suspended BTM operations in the state. The suspension was a result of excessive fees and failure to refund those defrauded.

In the first three quarters of 2025, BTM managed to record more than $150 million, but the fourth quarter earnings declined by about $50 million. Notably, earnings per share for Q1 2026 were estimated at negative 0.69.

Source: Yahoo Finance To be specific, BTM’s average estimate for Q1 2026 ranged between $98 million and $133 million. The continuous loss of revenue since the end of the third quarter in 2025 has contributed to the decline in price of BTM since mid-June.

BTM stock losing correlation with BTC price The price action of Bitcoin Depot stock has been trending down a channel for more than nine months. BTM stock was at $2.62 as of writing.

The stock has lost its correlation with the Bitcoin [BTC] price, with the coefficient at negative 0.30. This explains why the Bitcoin price has been rising recently while the firm’s stock has been declining.

Source: BTM/USD on TradingView Every time BTM has hit the resistance of the channel, it has resulted in a lower low, though it has been bouncing off its slanting support level. For the price to be bullish, the stock has to break and stay above the descending channel.

Final Summary  Bitcoin Depot has changed its top executives following a memo dated November 2025. BTM projects a decline of 30% in revenue, which has been evident in its stock price.

Part of the appeal of meme coins is that they're usually extremely cheap. Dogecoin (DOGE 3.71%), the largest meme coin by market cap, costs just $0.09 at the time of this writing.

People who buy meme coins sometimes imagine how much their crypto will be worth if the price hits a certain target -- like $1, in Dogecoin's case. But is that even possible?

Image source: Getty Images.

It could theoretically happen, but the odds are extremely slim. Dogecoin's all-time high was $0.74, reached on May 8, 2021. That was the same day Tesla CEO Elon Musk, who had shown interest in Dogecoin and discussed it on social media, appeared on Saturday Night Live.

This setup was essentially a scenario where the stars aligned for Dogecoin. Investors were excited because Musk seemed to like it, and he was making a high-profile TV appearance. Meme coins were also still a fresher, more novel concept at the time.

Dogecoin got a lot of attention because it was interesting and unique, not just one of thousands of meme coins serving no real purpose, as it is now. Everything went right for a while, and Dogecoin still ended its brief run well short of $1.

Today's Change

(

-3.71

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-0.00

Current Price

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0.09

Dogecoin is quite the story. It's a satirical cryptocurrency that skyrocketed by over 27,000% in six months and is still worth over $15 billion. But its success has been driven entirely by hype, not fundamental value, so it's not a good choice for a long-term cryptocurrency investment.

Lyle Daly has positions in Tesla. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.

XRP is trading at $1.38, pressing directly against the ascending blue trendline support on the daily chart. The double top pattern formed between February and March now hangs over the price.

Two on-chain signals provide the context for what happens next. Holder behavior is the deciding factor.

XRP Holders’ Buying Pressure Comes DownThe Glassnode exchange net position change chart covers March 1 through March 26. With the exception of a single large green bar near March 5 registering approximately 40 million XRP in inflows, every other day in the period shows red bars — net outflows from all exchanges combined.

The largest outflow bars fall between March 7 and March 17, with several days exceeding 80 million to 140 million XRP leaving exchanges in a single session. Even after that peak, the outflows have continued consistently through March 25, with daily red bars in the 20 million to 40 million XRP range.

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

XRP Exchange Net Position Change. Source: GlassnodeXRP leaving exchanges is slowing down, but the presence of buying pressure is a positive. Going forward, if this momentum is maintained, the XRP price will be able to prevent a decline.

MVRV Signals Holders Are UnderwaterThe MVRV Ratio chart spans July 2024 through March 2026. The green shaded zones mark periods where MVRV dropped below 1.0, meaning the market value of XRP fell below the average cost basis of all holders. Those periods have historically marked accumulation floors rather than breakdown points.

XRP’s MVRV ratio has been in green territory since late February 2026, with the ratio currently near 1.0 and the market price converging with the realized price (orange line) around the $1.40 level. 

XRP MVRV Ratio. Source: GlassnodeEvery prior green zone on this chart — July 2024 and the brief dip in early 2026 — was followed by a recovery. The current MVRV reading places XRP in the same category of historical undervaluation that preceded prior rebounds.

XRP Price Double Top Presents ThreatXRP price sits at $1.38. The altcoin is inching closer to the ascending trendline that has provided support since the February 5 open at $1.21. The double top pattern — with peaks at $1.69 and $1.58 — has its neckline above $1.33. A daily close below that level completes the pattern and projects a measured downward move.

The immediate support is $1.33. Holding that level keeps the trendline intact and preserves the possibility of XRP price recovery toward $1.43 and then $1.51. The MVRV undervaluation and persistent exchange outflows both argue that holders are not capitulating at current prices. This is the one factor that could prevent the neckline from being tested.

XRP Price Analysis. Source: TradingViewA daily close above $1.51 would break the lower-high structure of the double top entirely and invalidate the bearish pattern. Below $1.33, $1.21 becomes the final support before the breakdown comes into play.

Morgan Stanley’s proposed spot bitcoin exchange-traded fund (ETF), ticker MSBT, has received an NYSE Arca listing notice, a step that often comes just before launch. If it goes live, the fund could intensify fee pressure on Blackrock and Fidelity while opening a powerful new distribution channel for bitcoin exposure.

MSBT Listing Signals New Bitcoin ETF Battle Morgan Stanley’s push into spot bitcoin ETFs appears to be entering its final stretch. The firm’s proposed Morgan Stanley Bitcoin Trust, trading under the ticker MSBT, has received an official NYSE Arca listing announcement, a development Bloomberg ETF analyst Eric Balchunas said usually signals that a launch is close.

The trust’s latest SEC filing shows it is structured as a physical spot bitcoin fund that aims to track bitcoin’s price without leverage or derivatives. The filing, dated March 17, says the fund is expected to list on NYSE Arca and hold bitcoin directly.

It also outlines a seed structure of 50,000 shares, or about $1 million, giving investors a clearer view of how Morgan Stanley plans to bring the product to market.

The missing piece is the fee. Morgan Stanley has not yet disclosed it in the public filing, but Balchunas said the market will watch it closely and set his estimate at 0.24%, just below Blackrock’s 0.25% fee on the iShares Bitcoin Trust, IBIT.

Fidelity’s FBTC also charges 25 basis points, which means even a one-basis-point cut from Morgan Stanley would be a direct competitive shot at the two biggest traditional finance names in the category.

Why this matters goes beyond price, as Blackrock still has the scale advantage. IBIT had roughly $55.8 billion in net assets as of March 25, 2026, and Blackrock says it has been the most traded U.S. spot bitcoin ETP since launch. Fidelity, meanwhile, remains a major low-cost rival with a long crypto track record.

Morgan Stanley’s edge is distribution. The bank reported $9.3 trillion in client assets across Wealth and Investment Management at the end of 2025. A successful MSBT debut would not just add another ticker.

It would bring one of Wall Street’s largest advisory machines fully into the fee war, tightening competition and potentially widening bitcoin ETF adoption across mainstream portfolios.

FAQ 🇺🇸 What is MSBT?
MSBT is Morgan Stanley’s proposed spot Bitcoin ETF, designed to give investors direct price exposure to bitcoin through a traditional exchange-traded fund structure. Has the ETF launched yet in the U.S.?
Not yet. But the NYSE Arca listing notice suggests launch preparations are well advanced. Why does this matter for Blackrock and Fidelity?
Morgan Stanley could add fresh fee pressure in a market where BlackRock’s IBIT and Fidelity’s FBTC both currently sit at 0.25%. What could this mean for U.S. Bitcoin ETF investors?
More competition usually means tighter fees, stronger distribution, and broader access through traditional brokerage and advisory channels.

Gamestop disclosed in its fiscal 2025 annual report that it pledged 4,709 of its 4,710 bitcoin holdings as collateral with Coinbase Credit to run a covered-call options strategy, confirming the company held its position rather than selling.

Gamestop Fiscal 2025 Annual Report The Form 10-K, filed with the SEC on March 24, 2026, covers the period ended January 31, 2026. It details how Gamestop transferred its entire bitcoin stack to Coinbase Prime on or around January 16, 2026, a move that had triggered widespread rumors about an exit from the crypto asset. The filing clarified that the transfer was operational, not a liquidation.

Under the Collateral Agreement with Coinbase Credit, Inc., Gamestop sold over-the-counter covered-call options against 4,709 BTC — 99.98% of its holdings — with strike prices ranging from $105,000 to $110,000 per coin and maturities extending through March 27, 2026. One single bitcoin remained directly on the company’s balance sheet.

Gamestop originally purchased 4,710 BTC in May 2025 for approximately $500 million in cash, at an average cost basis of roughly $106,000 to $107,900 per coin. The board had amended its Investment Policy in March 2025 to include bitcoin and U.S. dollar-denominated stablecoins as treasury reserve assets.

The covered-call structure allows Gamestop to collect upfront option premiums while retaining economic exposure to bitcoin below the strike prices. If bitcoin remains under the strikes at expiration, the contracts expire worthless, and the company keeps the premiums. If bitcoin trades above the strikes, the calls can be exercised, and upside is capped at the strike price plus premiums received.

Because Coinbase Credit holds the right to rehypothecate, commingle, or sell the pledged bitcoin, Gamestop determined that control of the assets had transferred. Under U.S. GAAP, it derecognized the 4,709 BTC from its balance sheet and recorded a digital assets receivable valued at $428 million at derecognition and $368.3 million as of January 31, 2026.

That accounting treatment dropped Gamestop’s ranking among corporate bitcoin holders from approximately 21st globally to 190th. The company states its economic exposure “remains consistent with direct ownership of the underlying bitcoin.”

Screenshot of Gamestop’s Form 10-K. For fiscal 2025, Gamestop recorded a total $131.6 million loss on digital assets and related receivables — 3.6% of net sales. That figure breaks down as a $71.8 million realized loss upon derecognition, a $59.7 million unrealized loss on the receivable reflecting bitcoin’s price decline, and a $0.1 million remeasurement loss on the retained coin. The options produced a $2.3 million unrealized gain, partially offset by a $0.7 million derivative liability.

Bitcoin was trading near $68,000 to $69,000 at the time of the filing, well below the $105,000 to $110,000 strike prices. That placed the calls out-of-the-money, meaning Gamestop was on track to retain the premiums as income if prices held steady through expiration.

The 10-K lists several risks tied to the strategy, including bitcoin price volatility, counterparty credit exposure if Coinbase defaulted, and rehypothecation risk that obscures legal title to the collateral. The filing also notes regulatory and accounting uncertainty around crypto assets broadly.

Gamestop did not issue a press release on the collateral pledge. Details surfaced through the SEC filing and onchain data monitoring earlier this year. As of today, the company had not announced further bitcoin purchases or changes to the position following the expiration of the initial call contracts.

The approach contrasts with companies like Strategy, which have pursued open-ended bitcoin accumulation without derivatives overlays. Gamestop‘s structure is oriented toward premium income, while the position sits at an unrealized loss relative to its cost basis. No additional information about post-expiration activity or new option contracts has been disclosed.

FAQ 🔎 Did Gamestop sell its Bitcoin? No — Gamestop pledged 4,709 BTC as collateral for a covered-call options strategy and retained economic exposure to the asset. How much did Gamestop lose on bitcoin in fiscal 2025? The company recorded a $131.6 million loss on digital assets and related receivables for the fiscal year ended January 31, 2026. Why did Gamestop’s bitcoin disappear from its balance sheet? Because Coinbase Credit holds rehypothecation rights over the collateral, Gamestop was required under U.S. GAAP to derecognize the BTC and record a digital assets receivable instead. What are the strike prices on Gamestop’s bitcoin covered calls? The contracts carried strike prices between $105,000 and $110,000 per BTC with maturities through March 27, 2026.

Toncoin is at a critical juncture as it tests the $1 range, a key level that has anchored its trading for weeks. How it reacts here could determine whether the range holds or breaks, setting the stage for either a bullish flip or an accelerated drop. With strong fundamentals in play but the chart still in control, traders are watching closely for the decisive signal.

Range Flip Or Breakdown: What BTC Pair Tells Us About Toncoin Charting the TON/BTC and TON/USDT daily pairs, analyst Umair Crypto points out that Toncoin is at a critical juncture. On the BTC pair, the RSI has broken above its trendline, signaling early bullish momentum. However, the 200 SMA on this pair remains the key level to watch, as it will determine whether the $1 support on the USDT pair holds or if the range flips higher.

Related Reading: Toncoin, Quant Seeing Whale Activity Explosion, Big Move Ahead?

The BTC pair has been consolidating within a range for 166 days, and the recent RSI trendline breakout above 50 hints that bullish pressure is building. Meanwhile, on the USDT pair, price is attempting to recover the 50 SMA, showing early signs of strength, though confirmation is still needed.

Source: Chart from Umair Crypto on X From here, two scenarios are possible. If the BTC pair closes convincingly above the 200 SMA, it would likely trigger a range flip on Toncoin’s USDT pair to the upside. Conversely, if the BTC pair gets rejected at the 200 SMA, the range may break down, putting Toncoin at risk of forming a lower low below $1. Such a breakdown would shift the market structure into bearish territory and could accelerate selling pressure, making $1 a crucial level to watch.

$1 Support: More Than Just A Psychological Level The analyst stressed that the $1 level is far more than a psychological benchmark; it is a critical structural support that anchors the entire TON/USDT range. If this level fails, the decline could accelerate sharply, making it a key inflection point for traders and investors alike. Holding above $1 is essential to maintain the current range and prevent a potential breakdown that could trigger further selling pressure.

Even with strong fundamental catalysts, the market has remained largely unresponsive. AlphaTON Capital Corp recently launched a $100 million treasury strategy, while TON Wallet officially expanded into the US market, both moves signaling growing institutional adoption.

Related Reading: Lucky Train Launches TON-Based Web3 Project With Staking-Like Participation Model

At this critical juncture, the BTC pair’s 200 SMA is shaping up as the ultimate deciding factor. A decisive close above this level could reinforce $1 as strong support and pave the way for a bullish range flip. Conversely, rejection at the 200 SMA could tip the market into bearish territory, signaling that structural weakness now overrides fundamental optimism.

TON trading at $1.29 on the 1D chart | Source: TONUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The fact that Bitcoin fell below the $70,000 mark is more significant than the level itself: it affects the rest of the market, as XRP dropped below the crucial bullish threshold. Assets like LINK also lost a major portion of their value but might have something up their sleeve.

Gradual pressure on BitcoinThe breakdown did not occur suddenly. For weeks, Bitcoin has been declining, printing a series of lower highs and continuously failing to regain important moving averages. Every attempt at a rally has stalled beneath the 50 EMA, which has served as a ceiling.

BTC/USDT Chart by TradingViewLong before the actual $70,000 loss, that structure indicated weakness, and the recent decline only served to confirm that sellers are still in charge.

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After the collapse, Bitcoin is currently making an effort to stabilize, but the recovery is unconvincing. Just below the previous support, which has now turned into resistance, the price is compressing in a small range. This type of behavior is common following a breakdown, when the market hesitates before attempting a recovery or continuing lower.

Next obvious levels for BTCFrom a structural standpoint, the next levels are rather obvious. To change short-term momentum, Bitcoin must recover and hold the $70,000-$72,000 range, which is immediate resistance. Above that, the 50 EMA continues to be the crucial obstacle that needs to be overcome in order for a significant recovery to begin.

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On the downside, lower support zones in the mid-$60,000 range become accessible if $70,000 is not recovered. The chart indicates that there is not much strong support between the current levels and that region, which raises the possibility that selling pressure will continue.

Although it is contingent, recovery is still achievable. Bitcoin must maintain higher lows and rebound above lost support, not merely experience a brief surge. Any upward move in the absence of that is probably just another relief rally inside a larger downtrend.

The structure, as it stands, does not support an immediate bullish continuation. It represents a market that is attempting to regain stability following the loss of a crucial level.

Chainlink's prospectsAlthough Chainlink is beginning to stabilize, the overall structure is still bearish, and this contradiction characterizes the current situation.

For months, LINK has been in a definite downward trend, continuously trading below its important moving averages and failing to maintain any significant rallies. The price is still compressed below the 50, 100 and 200 EMAs, which are all trending downward. By itself, it maintains the asset's bearish regime, in which upward movements are viewed as corrective rather than impulsive.

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The behavior around local laws has recently changed. LINK has begun creating a horizontal base slightly above the $8-$9 range, rather than continuing to print lower lows. Volatility has decreased, and selling pressure has lessened, indicating that the market is no longer actively driving down prices. 

Source: CryptoQuantTechnically speaking, a move toward $10 makes sense, but it completely depends on recovering short-term resistance. The first significant barrier is the 50 EMA, which is located slightly above the current price. 

In line with previous consolidation areas and psychological resistance, the path toward the $10 level will open as the next logical resistance zone if LINK is able to break above it and hold.

XRP's trend breaksThe larger picture indicates that XRP’s decline toward a crucial support area close to $1.20 is not merely a transient oscillation but rather a component of a declining trend.

The price action has been steadily declining. XRP lost what little bullish structure it had and started printing lower highs again after failing to recover the 50 EMA. The idea that buyers are powerless was reinforced by the recent bounce attempt, which was weak and swiftly absorbed. The structure appears more and more susceptible to a breakdown, and the rising support line that momentarily kept the market together is now under pressure.

Things are getting worseThe degree to which on-chain deterioration is closely correlated with price is what makes the situation more alarming. Both transaction volume and active participation have significantly decreased over the same time period on XRP Ledger. 

This parallel movement is significant because it implies that the weakness is a result of decreased network engagement, rather than just price action. A lack of underlying demand is usually indicated when the price decreases in tandem with declining network activity.

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This is not a situation where the asset is momentarily undervalued while the fundamentals are still solid. Rather than expanding, both layers are traveling in the same direction, indicating contraction. There is not much support for long-term gains if network usage does not rebound.

Short-term bounces in XRP are more likely to be corrective actions within a larger downtrend than to signal the beginning of a significant reversal. Now, it is important to keep an eye on the $1.20 level. There is little structural support right below that zone, so if the price approaches it once more and is unable to hold, the market may continue to decline.

Strategy's perpetual preferred equity instrument, STRC (ticker: STRC), has bounced back to its $100 par value during Thursday's trading session — a milestone that gives the Michael Saylor-led bitcoin treasury giant the green light to raise fresh capital for additional cryptocurrency purchases.

The recovery spanned nine trading days following the March 13 ex-dividend date, when new buyers were no longer eligible for the upcoming payout. This is a common pattern for dividend-paying instruments, as prices tend to dip after the ex-dividend date to account for the cash distributed to existing shareholders. Notably, this rebound came in slightly ahead of STRC's historical average recovery window of approximately 10 trading days, according to data from STRC.live.

The mechanics behind STRC are straightforward but strategically powerful. When shares climb above $100, Strategy can reduce the dividend yield to temper demand. When they drop below par, the company increases the dividend to attract buyers back. This self-regulating structure keeps the share price anchored near $100, allowing Strategy to issue new shares at or near par value through at-the-market offerings and channel the proceeds directly into bitcoin acquisitions.

STRC currently offers an 11.5% annualized dividend paid on a monthly basis, positioning it as a short-duration, high-yield credit-like instrument. A comparable product, SATA — issued by bitcoin treasury firm Strive (ASST) — offers a slightly higher 12.75% dividend and is also edging toward its own par value recovery, currently trading at $99.25.

Strategy's most recent bitcoin purchase totaled 1,031 BTC at roughly $74,326 per coin, bringing its total holdings to 762,099 bitcoin acquired for approximately $57.69 billion at an average price of $75,694. As STRC stabilizes at par, the company is well-positioned to resume large-scale bitcoin accumulation using this innovative capital-raising mechanism.

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GameStop's high-profile $420 million Bitcoin transfer earlier this year was not a sell-off — but the gaming retailer is no longer holding its cryptocurrency in the traditional sense either. The company's latest annual report, filed this Tuesday, sheds light on what actually happened to its 4,710 BTC position and why the move raised so many eyebrows.

It turns out that 4,709 of those Bitcoin were pledged to Coinbase as collateral for an over-the-counter covered-call options strategy. The January wallet activity that sparked widespread speculation about a potential exit was simply GameStop moving its holdings to Coinbase Prime to facilitate the trade. The strategy was designed to generate income through option premiums, with short-dated call contracts carrying strike prices between $105,000 and $110,000 and expiration dates running through late March.

GameStop's filing revealed a $0.7 million liability connected to the options alongside a $2.3 million unrealized gain. A portion of those contracts have since expired unexercised, though the collateral remains with Coinbase Credit.

The more significant development is how this restructuring affects GameStop's accounting classification. Because Coinbase has the ability to rehypothecate or redeploy the pledged Bitcoin, the company can no longer record the assets as directly held. Instead, it now logs a receivable representing the right to reclaim equivalent BTC at a later date. At fiscal year-end, that receivable was valued at $368.3 million, while the company also recorded a $59.7 million unrealized loss tied to Bitcoin's price decline during the period.

While GameStop maintains that its economic exposure to Bitcoin remains largely intact, the position is now encumbered by a counterparty relationship and linked to derivatives — a meaningful departure from a straightforward buy-and-hold approach that investors and analysts will want to monitor closely going forward.

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Bitcoin's recent drop below $70,000 was not a surprise to traders who had been watching the charts closely. For weeks, BTC displayed clear signs of weakness — forming lower highs, failing to reclaim key moving averages, and repeatedly stalling beneath the 50 EMA. That moving average acted as a firm ceiling on every attempted bounce, signaling that sellers remained firmly in control long before the breakdown materialized.

Now trading below that critical threshold, Bitcoin is attempting to find a floor, but the price action remains unconvincing. The current consolidation is happening just under what was previously support — a level that has now flipped to resistance. This kind of hesitation after a major breakdown is typical in bearish market structures, as price compresses before either staging a recovery or continuing its descent.

For bulls to regain any short-term momentum, Bitcoin needs to reclaim and hold the $70,000 to $72,000 range. Even then, the 50 EMA looms as the next major hurdle. A sustained move above that indicator would be required before any meaningful recovery thesis gains traction. Until that happens, any upside moves are likely to be short-lived relief rallies rather than the start of a genuine trend reversal.

On the downside, the mid-$60,000 range stands out as the next significant support zone. Notably, there is limited structural support between current price levels and that area, which keeps the risk of further selling pressure elevated.

A true recovery demands more than a quick spike — Bitcoin must establish higher lows and reclaim lost support with conviction. As things stand, the broader structure still favors the bears. The market is in a stabilization phase following a key level breakdown, and the path forward hinges entirely on whether buyers can mount a credible and sustained defense.

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Quanta Services (PWR - Free Report) ended the recent trading session at $545.64, demonstrating a -4.86% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 1.74% for the day. At the same time, the Dow lost 1.01%, and the tech-heavy Nasdaq lost 2.38%.

Prior to today's trading, shares of the specialty contractor for utility and energy companies had gained 1.91% outpaced the Construction sector's loss of 8.5% and the S&P 500's loss of 4.99%.

Market participants will be closely following the financial results of Quanta Services in its upcoming release. The company is forecasted to report an EPS of $2.14, showcasing a 20.22% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $7.11 billion, up 14.08% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of $12.84 per share and a revenue of $33.28 billion, demonstrating changes of +19.44% and +16.85%, respectively, from the preceding year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Quanta Services. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.1% higher. Quanta Services is currently a Zacks Rank #3 (Hold).

From a valuation perspective, Quanta Services is currently exchanging hands at a Forward P/E ratio of 44.65. For comparison, its industry has an average Forward P/E of 22.7, which means Quanta Services is trading at a premium to the group.

Investors should also note that PWR has a PEG ratio of 2.42 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Engineering - R and D Services industry currently had an average PEG ratio of 1.61 as of yesterday's close.

The Engineering - R and D Services industry is part of the Construction sector. This group has a Zacks Industry Rank of 50, putting it in the top 21% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Ouster, Inc. (OUST - Free Report) ended the recent trading session at $19.31, demonstrating a -4.5% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 1.74%. At the same time, the Dow lost 1.01%, and the tech-heavy Nasdaq lost 2.38%.

Prior to today's trading, shares of the company had gained 2.12% outpaced the Computer and Technology sector's loss of 5.77% and the S&P 500's loss of 4.99%.

The investment community will be closely monitoring the performance of Ouster, Inc. in its forthcoming earnings report. The company is expected to report EPS of -$0.31, up 26.19% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $45.8 million, indicating a 40.36% growth compared to the corresponding quarter of the prior year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.96 per share and a revenue of $219.9 million, representing changes of +10.28% and +29.82%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for Ouster, Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 17.24% higher. Ouster, Inc. presently features a Zacks Rank of #3 (Hold).

The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 78, finds itself in the top 32% echelons of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

In the latest close session, MakeMyTrip (MMYT - Free Report) was up +2.28% at $40.00. The stock outperformed the S&P 500, which registered a daily loss of 1.74%. At the same time, the Dow lost 1.01%, and the tech-heavy Nasdaq lost 2.38%.

The online travel company's shares have seen a decrease of 31.35% over the last month, not keeping up with the Computer and Technology sector's loss of 5.77% and the S&P 500's loss of 4.99%.

Market participants will be closely following the financial results of MakeMyTrip in its upcoming release. The company's upcoming EPS is projected at $0.35, signifying a 16.67% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $277.35 million, indicating a 12.99% growth compared to the corresponding quarter of the prior year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.52 per share and a revenue of $1.07 billion, indicating changes of -2.56% and +9.68%, respectively, from the former year.

Investors might also notice recent changes to analyst estimates for MakeMyTrip. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, MakeMyTrip is carrying a Zacks Rank of #3 (Hold).

In terms of valuation, MakeMyTrip is currently trading at a Forward P/E ratio of 25.82. This valuation marks a premium compared to its industry average Forward P/E of 9.59.

We can additionally observe that MMYT currently boasts a PEG ratio of 1.12. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Delivery Services industry currently had an average PEG ratio of 0.92 as of yesterday's close.

The Internet - Delivery Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 21, placing it within the top 9% of over 250 industries.

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

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

BigBear.ai Holdings, Inc. (BBAI - Free Report) ended the recent trading session at $3.32, demonstrating a -6.74% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 1.74%. Meanwhile, the Dow experienced a drop of 1.01%, and the technology-dominated Nasdaq saw a decrease of 2.38%.

Heading into today, shares of the company had lost 9.41% over the past month, lagging the Computer and Technology sector's loss of 5.77% and the S&P 500's loss of 4.99%.

The investment community will be paying close attention to the earnings performance of BigBear.ai Holdings, Inc. in its upcoming release. On that day, BigBear.ai Holdings, Inc. is projected to report earnings of -$0.06 per share, which would represent year-over-year growth of 40%. Our most recent consensus estimate is calling for quarterly revenue of $31.28 million, down 10.01% from the year-ago period.

For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.3 per share and a revenue of $143.6 million, signifying shifts of +63.41% and +12.48%, respectively, from the last year.

Investors should also pay attention to any latest changes in analyst estimates for BigBear.ai Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 20% downward. At present, BigBear.ai Holdings, Inc. boasts a Zacks Rank of #3 (Hold).

The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 79, putting it in the top 33% of all 250+ industries.

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

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Lucid Group (LCID - Free Report) ended the recent trading session at $9.91, demonstrating a -7.21% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.74%. Meanwhile, the Dow lost 1.01%, and the Nasdaq, a tech-heavy index, lost 2.38%.

Shares of the an electric vehicle automaker witnessed a gain of 3.89% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its loss of 8.68%, and the S&P 500's loss of 4.99%.

The investment community will be closely monitoring the performance of Lucid Group in its forthcoming earnings report. In that report, analysts expect Lucid Group to post earnings of -$2.53 per share. This would mark a year-over-year decline of 5.42%. In the meantime, our current consensus estimate forecasts the revenue to be $471.83 million, indicating a 100.74% growth compared to the corresponding quarter of the prior year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of -$9.79 per share and a revenue of $2.26 billion, signifying shifts of +19.02% and +67.28%, respectively, from the last year.

Investors should also note any recent changes to analyst estimates for Lucid Group. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 8.3% downward. Right now, Lucid Group possesses a Zacks Rank of #3 (Hold).

The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 180, placing it within the bottom 27% of over 250 industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

Alpha Cognition Inc. (ACOG) Q4 2025 Earnings Call March 26, 2026 4:30 PM EDT

Company Participants

Henry Du - VP of Finance & Accounting and Interim CFO
Michael McFadden - CEO & Director
Lauren D’Angelo - Chief Operating Officer

Conference Call Participants

Raghuram Selvaraju - H.C. Wainwright & Co, LLC, Research Division
David Storms - Stonegate Capital Partners, Inc., Research Division

Presentation

Operator

Greetings. Welcome to Alpha Cognition Fourth Quarter and Full Year 2025 Earnings Call. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to Henry Du, Interim CFO. Thank you. You may begin.

Henry Du
VP of Finance & Accounting and Interim CFO

Thank you, Sherry. Good afternoon, and thank you, everyone, for joining us today for Alpha Cognition's Fourth Quarter and Full Year Fiscal 2025 Results Call. Today, after the close of market, the company issued a press release announcing our financial results. Joining me on the call today are Alpha Cognition's Chief Executive Officer, Michael McFadden; and Chief Operating Officer, Lauren D'Angelo. Today's call is being made available via the Investors section of the company's website at www.alphacognition.com.

During the course of this call, management may make certain forward-looking statements regarding future events and the company's future performance. These forward-looking statements reflect Alpha Cognition's current perspective on existing trends and information. Any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those noted in the Risk Factors section of the company's latest SEC filings. Actual results may differ materially from those projected in these forward-looking statements. Please review the note regarding forward-looking statements in our earnings press release was disseminated prior to this call for more information on forward-looking statements.

Please also note that the company's actual consolidated financial results remain subject to completion

Steven Rossi
Founder, Chairman, President, CEO & Secretary

Good afternoon, everyone, and thank you for joining Worksport's Fiscal Year 2025 and Q4 2025 Earnings Call.

I'm Steven Rossi, Chief Executive Officer of Worksport. With me is our Chief Financial Officer, Michael Johnston.

We will be reviewing the financial results for the quarterly period ending December 31, 2025, and our full fiscal 2025. These results filed today at 4:01 p.m. or thereabouts in our Form 10-K and can be downloaded from the link provided in the chat.

On today's call, alongside our financial performance, we'll review our operating execution across the flagship hard tonneau cover offerings, progress on the commercial launch of our SOLIS and COR offerings, our capital position, the key strategic priorities we're focused on as we move into 2026.

Before I begin -- before we begin, I wanted to frame this call the right way. 2025 was a year of real top line growth and significant margin improvement. Full year net sales nearly doubled to $16.1 million, and gross margins improved to 2,800 basis points from 11% in 2024. Both are significant milestones that we achieved and were achieved through a combination of expanding our product offerings and increasing our presence in both direct-to-consumer and business-to-business sales channels.

Our fiscal 2025 strategies to expand our presence in multiple sales channels, introduce new products and increase our market capture result in a net operating loss and increased use of our cash otherwise generated from our growing operations. Our use of cash to support operations did not grow

A federal judge in San Francisco granted Anthropic's request for a preliminary injunction in its lawsuit against the Trump administration. 

Judge Rita Lin issued the ruling on Thursday, two days after lawyers for the artificial intelligence startup and the U.S. government appeared in court for a hearing. Anthropic sued the administration to try to reverse its blacklisting by the Pentagon and President Donald Trump's directive banning federal agencies from using its Claude models.

Anthropic sought the injunction to pause those actions and prevent further monetary and reputational harm as the case unfolds. 

"Punishing Anthropic for bringing public scrutiny to the government's contracting position is classic illegal First Amendment retaliation," Judge Lin wrote in the order. A final verdict in the case could still be months away. 

During Tuesday's hearing, Lin pressed the government's lawyers about why Anthropic was blacklisted. Her language in the order was even sharper.

"Nothing in the governing statute supports the Orwellian notion that an American company may be branded a potential adversary and saboteur of the U.S. for expressing disagreement with the government," she wrote.

Anthropic's suit followed a dramatic couple weeks in Washington D.C., between the Department of Defense and one of the most valuable private companies in the world.

In a post on X in late February, Defense Secretary Pete Hegseth declared Anthropic a so-called supply chain risk, meaning that use of the company's technology purportedly threatens U.S. national security. The DOD officially notified Anthropic about the designation in a letter earlier this month.

Anthropic is the first American company to publicly be named a supply chain risk, as the designation has historically been reserved for foreign adversaries. The label requires Defense contractors, including Amazon, Microsoft, and Palantir, to certify that they do not use Claude in their work with the military. 

Read more CNBC tech newsMeta's court defeats add to Zuckerberg's recent woes, represent 'watershed event' for social mediaMeet Figure AI: The company behind the humanoid robot hosted by Melania TrumpA Google AI breakthrough is pressuring memory chip stocks from Samsung to MicronElon Musk calls for Delaware judge to recuse herself in lawsuits, alleging biasThe Trump administration relied on two distinct designations – 10 U.S.C. § 3252 and 41 U.S.C. § 4713 – to justify the action, and they have to be challenged in two separate courts. Because of that, Anthropic has filed another lawsuit for a formal review of the Defense Department's determination in the U.S. Court of Appeals in Washington. 

Shortly before Hegseth declared Anthropic a supply chain risk, President Donald Trump wrote a Truth Social post ordering federal agencies to "immediately cease" all use of Anthropic's technology. He said there would be a six-month phase-out period for agencies like the DOD.

"WE will decide the fate of our Country — NOT some out-of-control, Radical Left AI company run by people who have no idea what the real World is all about," Trump wrote.

The Trump administration's actions surprised many officials in Washington who had come to admire and rely on Anthropic's technology. The company was the first to deploy its models across the DOD's classified networks, and it was championed for its ability to integrate with existing Defense contractors like Palantir. 

Anthropic signed a $200 million contract with the Pentagon in July, but as the company began negotiating Claude's deployment on the DOD's GenAI.mil AI platform in September, talks stalled.

The DOD wanted Anthropic to grant the Pentagon unfettered access to its models across all lawful purposes, while Anthropic wanted assurance that its technology would not be used for fully autonomous weapons or domestic mass surveillance. 

The two failed to reach an agreement, and now, the dispute will be settled in court. 

"Everyone, including Anthropic, agrees that the Department of [Defense] is free to stop using Claude and look for a more permissive AI vendor," Lin said during the hearing Tuesday. "I don't see that as being what this case is about. I see the question in this case as being a very different one, which is whether the government violated the law."

— CNBC's Jeff Kopp contributed to this report.

watch now

SKYX Platforms Corp. (SKYX) Q4 2025 Earnings Call March 26, 2026 4:30 PM EDT

Company Participants

Ran Kohen - Founder & Executive Chairman
Steven Schmidt - President
Leonard Sokolow - CEO & Director

Conference Call Participants

Jacob Stephan - Lake Street Capital Markets, LLC, Research Division
Barry Sine - Litchfield Hills Research, LLC
Patrick McCann - NOBLE Capital Markets, Inc., Research Division

Presentation

Operator

Good day, and welcome to SKYX Platform's Fourth Quarter 2025 Earnings Conference Call. [Operator Instructions]

Before we begin, I would like to remind everyone that statements made during this conference call that are not historical facts are forward-looking statements. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.

Forward-looking statements may include, but are not limited to, statements regarding our anticipated financial performance, growth strategy, market opportunities, product development, commercialization efforts, regulatory developments and expected future events. Additional risks and uncertainties are described in the company's filings with the U.S. Securities and Exchange Commission, including the most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q. We undertake no obligation to update any forward-looking statements, except as required by applicable law. [Operator Instructions]

Please note, this event is being recorded. I would now like to turn the conference over to Rani Kohen, Founder and Executive Chairman. Please go ahead.

Ran Kohen
Founder & Executive Chairman

Good afternoon. Thank you for joining us, SKYX Platforms. We will give you today an overview starting with our President, Steve Schmidt, and then moving forward to our CEO, Lenny Sokolow. Steve, please go ahead. Thank you.

Steven Schmidt
President

Great. Rani, thank you very much, and it's great to be with you here this afternoon. Let me start with, as we've

Argan, Inc. (AGX) Q4 2026 Earnings Call March 26, 2026 5:00 PM EDT

Company Participants

David Watson - CEO, President & Director
Joshua Baugher - Senior VP, CFO & Treasurer

Conference Call Participants

Jennifer Belodeau - Institutional Marketing Services, Inc.
Robert Brown - Lake Street Capital Markets, LLC, Research Division
Christopher Moore - CJS Securities, Inc.
Ati Modak - Goldman Sachs Group, Inc., Research Division
Michael Fairbanks - JPMorgan Chase & Co, Research Division

Presentation

Operator

Good evening, ladies and gentlemen, and welcome to the Argan, Inc. earnings release conference call for the fourth quarter and fiscal year ended January 31, 2026. This call is being recorded. [Operator Instructions] There is a slide presentation that accompanies today's remarks, which can be accessed via the webcast.

At this time, it's my pleasure to turn the floor over to your host for today, John Nesbett and Jennifer Belodeau of IMS Investor Relations. Please go ahead.

Jennifer Belodeau
Institutional Marketing Services, Inc.

Thank you. Good evening, and welcome to our conference call to discuss Argan's results for the fourth quarter and fiscal year ended January 31, 2026. On the call today, we have David Watson, Chief Executive Officer; and Josh Baugher, Chief Financial Officer.

I'll take a moment to read the safe harbor statement. Statements made during this conference call and presented in the presentation that are not based on historical facts are forward-looking statements. Such statements include, but are not limited to, projections or statements of future goals and targets regarding the company's revenues and profits. These statements are subject to known and unknown factors and risks. The company's actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements, and some of the factors and risks that could cause or contribute to such material differences have been described in this afternoon's press release and in Argan's

Biorestorative Therapies, Inc. (BRTX - Free Report) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.37. This compares to a loss of $0.2 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +13.51%. A quarter ago, it was expected that this company would post a loss of $0.38 per share when it actually produced a loss of $0.38, delivering no surprise.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Biorestorative Therapies, which belongs to the Zacks Medical - Biomedical and Genetics industry, posted revenues of $0.02 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 90.2%. This compares to year-ago revenues of $0.04 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Biorestorative Therapies shares have lost about 73.6% since the beginning of the year versus the S&P 500's decline of 3.7%.

What's Next for Biorestorative Therapies?While Biorestorative Therapies has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Biorestorative Therapies was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.49 on $0.25 million in revenues for the coming quarter and -$1.17 on $1.3 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Medical - Biomedical and Genetics is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

RenovoRx, Inc. (RNXT - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2025. The results are expected to be released on March 30.

This company is expected to post quarterly loss of $0.08 per share in its upcoming report, which represents a year-over-year change of +33.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

RenovoRx, Inc.'s revenues are expected to be $0.5 million, up 1150% from the year-ago quarter.

NEW YORK, March 26, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Franklin BSP Realty Trust, Inc. (NYSE: FBRT) between November 5, 2024 and February 11, 2026, both dates inclusive (the “Class Period”), of the important April 27, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

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

WHAT TO DO NEXT: To join the Franklin BSP Realty class action, go to https://rosenlegal.com/submit-form/?case_id=53434 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 27, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) defendants recklessly overstated Franklin BSP Realty’s prospects; (2) defendants recklessly overstated Franklin BSP realty Trust’s ability to maintain the $0.355 dividend; and (3) as a result, defendants’ statements about Franklin BSP Realty’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Franklin BSP Realty class action, go to https://rosenlegal.com/submit-form/?case_id=53434 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

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

Contact Information:

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

Bittensor's native token TAO has more than doubled this month as staking activity surges across the network's AI subnets. The decentralized machine learning marketplace is drawing fresh attention from builders and investors betting on the intersection of crypto and AI.

XRP exchange-traded funds (ETFs) are heading toward their first monthly net outflow since their late-2025 debut, breaking the momentum that helped make them one of crypto’s strongest early product launches outside Bitcoin.

Data from SoSoValue showed that the four funds have registered $28 million in net redemptions this month. This is also corroborated by CoinShares data, which shows that XRP-linked global funds were the worst-performing asset class in March, with $130 million in net outflows.

XRP ETFs Monthly Flows (Source: SoSoValue)The reversal comes after a launch phase that pushed cumulative net inflows to about $1.2 billion in four months, a pace that helped make XRP one of the more closely watched altcoin ETFs outside Bitcoin and Ethereum.

A negative month after that start does not, by itself, establish that institutions have moved on. However, it shows that launch demand has slowed, and that the next phase of the trade will need support from something deeper than first-wave enthusiasm.

Fund flows cool, but the institutional case is still aliveStill, the softer March tape has not erased the broader institutional footprint around the product category.

In a SEC filing, Goldman Sachs disclosed more than $152 million in exposure across four spot XRP ETFs, giving the token a level of traditional-finance sponsorship that many altcoins still lack.

Moreover, the March ETF outflows do not capture the full extent to which asset managers, banks, custodians, and trading firms are positioning around the token or the network behind it.

Available data indicate that the broader picture remains constructive. In a January 2026 survey by Coinbase and EY-Parthenon of 351 institutional investors with influence over allocation decisions, 18% of respondents were already allocated to XRP, and 25% planned to add it in 2026.

Crypto Assets Institutions Are Willing to Invest in 2026 (Source: Coinbase)More broadly, 73% said they planned to increase digital-asset allocations this year, while 65% of those planning to add exposure cited greater regulatory clarity and confidence in compliance frameworks as a key driver.

The report pointed out that institutional investors are placing more weight on regulated vehicles, custody, trading capabilities, and tokenization infrastructure than they did a year ago.

EY and Coinbase said 69% of respondents planned to prioritize trading capabilities over the next two years, while 76% of asset owners and asset managers prioritized custody.

At the same time, regulatory compliance and security also rose sharply in importance when firms evaluated custody partners.

That backdrop leaves room for XRP demand to persist even if ETF subscriptions cool. It shows that institutions are moving from first-wave beta exposure into second-wave infrastructure decisions that would determine their long-term conviction about a token.

Ripple expands deeper into the institutional stackThat distinction is important because Ripple has spent the past year broadening its role far beyond a single payments narrative.

The company’s current offering now spans payments, custody, stablecoins, treasury tools, and prime brokerage, giving institutions more entry points into the XRP and XRP Ledger (XRPL) ecosystems than a spot ETF alone.

Ripple said its $1 billion acquisition of GTreasury was designed to deepen its presence in corporate finance, while Ripple Prime, the business created from its Hidden Road acquisition, offers institutional clients prime brokerage, clearing, and financing across digital assets, including XRP and RLUSD.

That makes an XRP's price exposure more layered than the ETF numbers suggest. A March outflow in listed products can occur as Ripple seeks to capture a larger share of the institutional transaction chain, from execution and custody to treasury operations and collateral management.

In that model, the value of XRP is less tied to a single monthly fund flow print and more to whether the surrounding network continues to attract durable, regulated, and large-enough usage to support real volume.

Ripple has also continued to push that strategy into its licensing efforts across jurisdictions, including Luxembourg, the United Kingdom, and, more recently, Australia. The firm says it is licensed in over 70 jurisdictions and its payment product has processed over $100 billion in transactions.

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XRPL’s tokenization push gives institutions another reason to stay engagedMeanwhile, the XRPL network itself is also being repositioned for a more compliance-heavy institutional market.

XRPL now has compliance tooling, real-time settlement, and asset-layer programmability live on mainnet. These tools, including permissioned domains and a permissioned DEX, are intended to create regulated environments where access can be controlled through credentials and compliance checks.

Notably, Ripple has consistently maintained that XRP remains central to that design through transaction fees, reserve requirements, and its role as a bridge asset in foreign-exchange and lending flows.

Interestingly, XRPL's expanding tokenization footprint adds another layer to why institutional interest remains strong in XRP.

Data from RWA.xyz shows that XRPL has broken into the top 10 chains for real-world assets and has already recorded more than $1 billion in monthly stablecoin volume. The network also boasts a growing list of institutional issuers and partners, including Ondo Finance, OpenEden, Archax, and Société Générale-FORGE.

Top 10 Real-World Assets Blockchain Networks. (Source: RWA.xyz)Those developments line up with what institutions say they want. EY and Coinbase found that 86% of respondents either already use or are interested in using stablecoins, with T+0 settlement and internal cash management among the top use cases.

The survey also said investor interest in tokenized assets rose to 63%, while 61% expected tokenization to have a significant impact on trading, clearing, and settlement over the next three to five years.

XRP now sits between weaker ETF momentum and a cleaner market setupAgainst that backdrop, XRP stands in an interesting position, with ETF momentum weakening but the institutional case for the broader Ripple and XRPL stack continuing to expand.

Data from CryptoSlate shows that XRP price action reflects that tension. XRP has been trading around the $1.40 level, with attempts to move higher stalling.

At the same time, CryptoQuant data showed Binance’s estimated leverage ratio for XRP had fallen to 0.134, its lowest reading since 2024, while the token's open interest had been reset lower.

XRP's Estimated Leverage (Source: CryptoQuant)Meanwhile, XRP's spot and perpetual cumulative volume delta has improved by about $315 million over the past two days without a large expansion in leverage. That combination points to a less crowded derivatives market than the one that helped fuel earlier swings.

For XRP's progress, any upward price movement may depend on whether the ETF slowdown proves temporary or whether the broader institutional buildout becomes more evident in trading volumes, liquidity, and secondary-market demand.

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