Market Signal Briefing

Oil prices rose Thursday after Iran signaled it had no intention of holding direct talks with the United States, even as a U.S. proposal to end the war is under review by senior officials in Tehran, according to remarks from the Islamic Republic's foreign minister.

International benchmark Brent crude futures added 1.21% to $103.46 per barrel, while U.S. West Texas Intermediate futures climbed 1.35% to $91.54 per barrel.

Iranian Foreign Minister Abbas Araghchi told state media on Wednesday that exchanges between the two countries through mediators do not mean "negotiations with the U.S.," Reuters reported.

Iranian state media reported that Tehran would reject a U.S. ceasefire offer and had instead laid out its own conditions for ending the conflict.'

The latest comments came as Washington and Tehran continued to offer differing accounts of the status of talks.

Trump said Tuesday the U.S. and Iran are "in negotiations right now" and suggested Tehran is eager to make a deal, even as the Islamic Republic has denied any direct talks. Speaking in the Oval Office, Trump said he had backed off from earlier threats to strike Iranian energy infrastructure "based on the fact we're negotiating."

Analysts at investment bank TD Securities said the latest oil shock is unlikely to trigger an aggressive policy response from the Federal Reserve.

While markets have begun pricing in the risk of rate hikes amid elevated inflation expectations, TD said the Fed is more likely to remain in a "wait and see" mode, with its leadership still leaning toward rate cuts later in 2026.

"The Fed will look through the energy shock" so long as longer-term inflation expectations remain anchored and second-round effects stay contained, the bank added.

  Vancouver, B.C. – TheNewswire -- March 25, 2026 - Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF) (the “Company” or “Opawica”) is pleased to announce that Mr. Monty Sutton has consented to act as a Director of the Company effective March 25, 2026.

  Mr. Sutton also serves as the Company’s Chief Financial Officer. Mr. Sutton brings more than 35 years of experience in public markets, corporate governance, senior administration and accounting and has served on the management teams and boards for many private and publicly traded companies.

About Opawica Explorations Inc.

Opawica Explorations Inc. is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi Gold Belt in Québec. The Company’s management has a great track record in discovering and developing successful exploration projects. The Company’s objective is to increase shareholder value through the development of exploration properties using cost effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders.

Qualified Person

Yvan Bussieres, P.Eng., an independent “Qualified Person” under National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.

The potential exploration target quantity and grade is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource

FOR FURTHER INFORMATION CONTACT:

  Blake Morgan
President and CEO
Telephone: 236-878-4938

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.

Forward-Looking Statements

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.  All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

 

By PYMNTS  |  March 25, 2026

 | 

Bank of America has formed a new team within its investment bank that is focused on helping private equity firms exit their investments, Bloomberg reported Wednesday (March 25).

The new Private Capital M&A Group will use a variety of the bank’s resources to help private equity firms monetize their portfolio companies, according to the report.

Bank of America is launching this team at a time when the initial public offering (IPO) and exit market is unpredictable and private equity firms are holding a record number of portfolio companies, holding unsold companies longer and looking for ways to monetize them, per the report.

“The pace of sponsor exits has been structurally low over the past few years, and by definition it will need to rebound,” Eamon Brabazon, co-head of global mergers and acquisitions at Bank of America, told Bloomberg. “This means that sponsors will account for a greater share of the M&A pie going forward.”

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It was reported in February that in 2025, private equity firms returned fewer profits to their investors for the fourth consecutive year, with the industry sitting on $3.8 trillion in unsold assets and struggling to raise cash for new funds.

The value of deals last year climbed 44% from 2024 to $904 billion, though it had little effect on the industry’s “dry powder,” or money on hand to invest. Total transactions were down 6%.

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It was reported in August that private equity operations were struggling to raise funds despite offering investors unheard-of incentives.

At the time, fundraising among private equity firms was down by almost a third from unprecedented levels in 2021. Higher interest rates and slowing dealmaking left private equity outfits unable to sell off trillions of dollars worth of aging investments, leading to increasing frustration among investors as well as investors’ refusal to back funds.

In June, it was reported that private equity groups were sitting on $1 trillion in unsold assets and that those represented capital that in a normal market climate would have been given back to investors.

The report said that high interest rates, the White House’s stop-and-start tariff policy and geopolitical turmoil had eaten away at company valuations, leading to firms holding onto their portfolio businesses much longer than anticipated.

Planet 13 Holdings Inc. (PLNH) Q4 2025 Earnings Call March 25, 2026 5:00 PM EDT

Company Participants

Larry Scheffler - Co-Chairman & Co-CEO
Steve McLean - Interim Chief Financial Officer
Robert Groesbeck - Co-Chairman & Co-CEO

Conference Call Participants

Mark Kuindersma
Kenric Tyghe - Canaccord Genuity Corp., Research Division
Pablo Zuanic - Zuanic & Associates
Brenna Cunnington - ATB Cormark Capital Markets Inc., Research Division

Presentation

Operator

Ladies and gentlemen, thank you for standing by. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Planet 13 Holdings Fourth Quarter and Full Year 2025 Financial Results Conference Call. [Operator Instructions]

Thank you. And I would now like to turn the conference over to Mark Kuindersma, Head of Investor Relations. Please go ahead.

Mark Kuindersma

Thank you. Good afternoon, everyone, and thanks for joining us today. Planet 13 Holdings Fourth Quarter and Full Year 2025 financial results were released today. The press release, the company's annual report, Form 10-K, including the MD&A and financial statements are available on EDGAR, SEDAR+, as well as on our website, planet13.com.

Before I pass the call over to management, we'd like to remind listeners that portions of today's discussion include forward-looking statements. The forward-looking statements in this conference call are made as of the date of this call. There can be no assurances that such information will prove to be accurate, or that management's expectations, or estimates of future developments, circumstances or results will materialize. Risk factors that could affect results are detailed in the company's public filings that are made available with the United States Securities and Exchange Commission and on SEDAR+. We encourage listeners to read those statements in conjunction with today's call. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ

Targeting Initial ‘Stage 1' DFS & Ore Reserves conversion by H2 CY 2026

HIGHLIGHTS

8,065m reverse circulation (RC) drilling completed at Challenger ‘Main', ‘Challenger West' (CW) open pits, plus open pit targets at ‘Challenger South-Southwest' (CSSW) and ‘Challenger 3'

~1,490m diamond drilling (DD) program is ongoing for pit design and metallurgical optimisation

DFS objective to model a viable, simplified ‘baseline' Stage 1 operation to underwrite restart of CGM and maximise Challenger, Tarcoola, Wudinna & Tolmer development optionality

DFS underway following dual Challenger JORC (2012) Mineral Resources upgrades to 313koz Au; targeting JORC (2012) Ore Reserves and completion of a ‘Stage 1' DFS by H2 CY 2026

ADELAIDE, AU / ACCESS Newswire / March 25, 2026 / Barton Gold Holdings Limited (ASX:BGD)(OTCQB:BGDFF)(FRA:BGD3) (Barton or Company) is pleased to announce the completion of RC drilling at its South Australian Challenger Gold Project (Challenger), adjacent to its wholly-owned Central Gawler Mill (CGM). The program was completed by Kennedy Drilling with a total 8,065m drilled across 112 holes and 30 days, for an average ~269m per day (including 180m for DD pre-collars).

Full details are contained in the complete announcement, which can be accessed on the ASX website, the investor section of Barton's website, or directly by clicking here.

Commenting on Challenger's Resource upgrade drilling programs, Barton MD Alexander Scanlon said:

"We are pleased to complete this key work program for our ongoing DFS, and we thank Kennedy Drilling for its safe completion despite challenging conditions from recent extreme rain events across outback South Australia.

"Challenger's considerable on-pit and near-surface gold mineralisation, adjacent to our existing Central Gawler Mill, provides an ideal pathway for an initial ‘baseline' operation which underwrites a restart with a reduced risk profile while maximising development optionality for the Challenger underground mine, Tarcoola, Tolmer and Wudinna.

"We look forward to sharing assay results from this drilling as they arrive throughout April and May."

Authorised by the Board of Directors of Barton Gold Holdings Limited.

For further information, please contact:

About Barton Gold

Barton Gold is an ASX, OTCQB and Frankfurt Stock Exchange listed Australian gold developer targeting future gold production of 150,000ozpa with 2.2Moz Au & 3.1Moz Ag JORC Mineral Resources (79.9Mt @ 0.87g/t Au), brownfield mines, and 100% ownership of the region's only gold mill in the renowned Gawler Craton of South Australia.*

Challenger Gold Project

313koz Au + fully permitted Central Gawler Mill (CGM)

Tarcoola Gold Project

20koz Au in fully permitted open pit mine near CGM

Tolmer discovery grades up to 84g/t Au & 17,600g/t Ag

Tunkillia Gold Project

1.6Moz Au & 3.1Moz Ag JORC Mineral Resources

Competitive 120kozpa gold & 250kozpa silver project

Wudinna Gold Project

279koz Au project located southeast of Tunkillia

Significant optionality, adjacent to main highway

Competent Persons Statement & Previously Reported Information

The information in this announcement that relates to the historic Exploration Results and Mineral Resources as listed in the table below is based on, and fairly represents, information and supporting documentation prepared by the Competent Person whose name appears in the same row, who is an employee of or independent consultant to the Company and is a Member or Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), Australian Institute of Geoscientists (AIG) or a Recognised Professional Organisation (RPO). Each person named in the table below has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he has undertaken to quality as a Competent Person as defined in the JORC Code 2012 (JORC).

Activity

Competent Person

Membership

Status

Tarcoola Mineral Resource (Stockpiles)

Dr Andrew Fowler (Consultant)

AusIMM

Member

Tarcoola Mineral Resource (Perseverance Mine)

Mr Ian Taylor (Consultant)

AusIMM

Fellow

Tarcoola Exploration Results (until 15 Nov 2021)

Mr Colin Skidmore (Consultant)

AIG

Member

Tarcoola Exploration Results (after 15 Nov 2021)

Mr Marc Twining (Employee)

AusIMM

Member

Tunkillia Exploration Results (until 15 Nov 2021)

Mr Colin Skidmore (Consultant)

AIG

Member

Tunkillia Exploration Results (after 15 Nov 2021)

Mr Marc Twining (Employee)

AusIMM

Member

Tunkillia Mineral Resource

Mr Ian Taylor (Consultant)

AusIMM

Fellow

Challenger Mineral Resource (above 215mRL)

Mr Ian Taylor (Consultant)

AusIMM

Fellow

Challenger Mineral Resource (below 90mRL)

Mr Dale Sims

AusIMM / AIG

Fellow / Member

Wudinna Mineral Resource (Clarke Deposit)

Ms Justine Tracey

AusIMM

Member

Wudinna Mineral Resource (all other Deposits)

Mrs Christine Standing

AusIMM / AIG

Member / Member

The information relating to historic Exploration Results and Mineral Resources in this announcement is extracted from the Company's Prospectus dated 14 May 2021 or as otherwise noted, available from the Company's website at www.bartongold.com.au or on the ASX website www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results and Mineral Resource information included in previous announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates, and any production targets and forecast financial information derived from the production targets, continue to apply and have not materially changed. In accordance with ASX Listing Rule 5.19.2, the Company further confirms that the material assumptions underpinning any production targets and the forecast financial information derived therefrom continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons' findings are presented have not been materially modified from the previous announcements.

Cautionary Statement Regarding Forward-Looking Information

This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "expect", "target" and "intend" and statements than an event or result "may", "will", "should", "would", "could", or "might" occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Barton undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Barton from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the reader on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the readers own risk, and readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof.

* Refer to Barton Prospectus dated 14 May 2021 and ASX announcement dated 8 September 2025. Total Barton JORC (2012) Mineral Resources include 1,049koz Au (39.7Mt @ 0.82 g/t Au) in Indicated category and 1,186koz Au (40.2Mt @ 0.92 g/t Au) in Inferred category, and 3,070koz Ag (34.5Mt @ 2.80 g/t Ag) in Inferred category as a subset of Tunkillia gold JORC (2012) Mineral Resources.

SOURCE: Barton Gold Holdings Limited

HomeStock IdeasQuick Picks & Lists

SummaryMicron's surging capex, now guided at $25B for FY26, is catalyzing a construction boom in the memory industry, directly benefiting WFE vendors.LRCX, AMAT, and KLAC are best positioned to capitalize on elevated cleanroom and equipment spending by Micron and its peers.LRCX, AMAT, and KLAC trade at elevated multiples, but recent upward revisions in FY27 growth estimates suggest further upside remains.Key risks include customer capex cyclicality and China exposure, but I remain bullish on LRCX, AMAT, and KLAC given robust demand and revenue momentum. gustavofrazao/iStock via Getty Images

Investment Thesis Last week was always going to be a big week for Nvidia (NVDA) and its ecosystem with the GTC26 event, but also for Micron (MU), which is one of the

5.8K Followers

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

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

MillerKnoll, Inc. (MLKN) Q3 2026 Earnings Call March 25, 2026 5:00 PM EDT

Company Participants

Wendy Watson - Vice President of Investor Relations
Andrea Owen - President, CEO & Director
Kevin Veltman - Chief Financial Officer
Debbie Propst - President of Global Retail
John Michael - President of North America Contract

Conference Call Participants

Douglas Lane - Water Tower Research LLC
Olivia May Witte - William Blair & Company L.L.C., Research Division
Reuben Garner - The Benchmark Company, LLC, Research Division
Gregory Burns - Sidoti & Company, LLC

Presentation

Operator

Good evening, and welcome to MillerKnoll's Quarterly Earnings Conference Call. As a reminder, this conference is being recorded.

I would now like to introduce your host for today's conference, Wendy Watson, Vice President of Investor Relations. Please go ahead.

Wendy Watson
Vice President of Investor Relations

Good evening, and welcome to our third quarter fiscal 2026 conference call. On with me are Andy Owen, Chief Executive Officer; and Kevin Veltman, Chief Financial Officer. Joining them for the Q&A session are John Michael, President of North America Contract; and Debbie Propst, President of Global Retail.

We issued our earnings press release for the quarter ended February 28, 2026 after market close today, and it is available on our Investor Relations website at millerknoll.com. A replay of this call will be available on our website within 24 hours.

Before I turn the call over to Andy, please remember our safe harbor disclosure regarding forward-looking information. During the call, management may discuss information that is forward-looking and involves known and unknown risks, uncertainties and other factors, which may cause the actual results to be different than those expressed or implied. Please evaluate the forward-looking information in the context of these factors, which are detailed in today's press release. The forward-looking statements are made as of today's date and except as may be required by law, we assume

CompaniesHOUSTON, March 25 (Reuters) - Valero Energy Corp (VLO.N), opens new tab began restarting its 380,000 barrel-per-day Port Arthur, Texas refinery on Wednesday, ​two days after an explosion rocked the plant, said people ‌familiar with plant operations.

The refinery's 47,000-bpd unit 243 diesel hydrotreater, which exploded on Monday night, will remain idle for repairs while other units are restarted around ​it, the sources said.

The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.

A Valero spokesperson did not reply to a request ​for comment on Wednesday night.

The refinery was shut on Monday ⁠night as the fire ignited by the explosion raged, the sources ​said. The refinery lost steam and water during the blaze.

In a notice ​filed on Tuesday night with the Texas Commission on Environmental Quality, Valero said a release of process fuel ignited.

The hydrotreater uses hydrogen to remove sulfur from hydrocarbons in ​compliance with U.S. environmental rules.

Fourteen other units were shut at the refinery, ​according to a TCEQ filing.

Among the units shut are the 210,000-bpd AVU-146 crude distillation ‌unit, ⁠the larger of two CDUs that convert crude oil into feedstocks for all other units at the refinery.

The 75,000-bpd fluidic catalytic cracking unit was also shut along with the 16,900-bpd alkylation unit and 50,000-bpd Platformer. ​The alkylation unit and ​Platformer use ⁠different processes to make additives that boost octane in gasoline.

The diesel-producing 57,000-bpd unit 943 hydrocracker is shut along with ​the 100,000-bpd unit 843 coker, which converts residual crude ​oil into ⁠motor fuel feedstocks or petroleum coke that can be used as a coal substitute.

Three other hydrotreaters and four sulfur recovery units are shut as ⁠is a ​sat gas recovery unit.

Valero plans to proceed ​cautiously as it restores production at the idled refinery to avoid the risk of explosions ​or fires, the sources said.

Reporting by Erwin Seba; Editing by Chris Reese

Our Standards: The Thomson Reuters Trust Principles., opens new tab

NEW YORK--(BUSINESS WIRE)--If you have suffered a loss on your Camping World Holdings, Inc. (“Camping World” or the “Company”) (NYSE:CWH) investment, contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below to discuss your rights or interests in the securities fraud class action lawsuit at no cost. Investors have until May 11, 2026 to ask the Court to appoint them as lead plaintiff. Courts do not consider applications filed after th.

Last year, Walmart (WMT +0.82%) announced that it was switching to the Nasdaq exchange because it aligned better with Nasdaqʻs "technology-forward" approach.

Thereʻs certainly a case to be made there, but Walmart also has something else in common with many tech stocks -- a high valuation. The consumer staple megacap is trading at 43 times earnings and 40 times forward earnings.

Image source: Getty Images.

Recently, analysts at Erste Group downgraded Walmart stock to a hold based on its high valuation. Investors have followed suit, as Walmart stock is down about 6% since the beginning of March.

Typically, Walmart is a stock to consider in a market downturn or during economic uncertainty, but right now, its valuation appears too high to justify a strong buy. But these two megacaps might be better options.

1. Amazon Amazon (AMZN +2.02%) stock cratered in late January after the cloud computing and e-commerce giant released fourth-quarter earnings. The primary concern is overspending on AI infrastructure. Amazon said it plans to spend $200 billion on capital expenditures in 2026, some 50% more than it spent last year. Most of that spending will be on AI infrastructure.

Today's Change

(

2.02

%) $

4.19

Current Price

$

211.43

The concern of many investors is that Amazon is already spending a lot on AI and is losing market share, so why double down and eat into free cash flow?

But Amazon made the calculation that it needed to spend significantly more to play catch-up with its rivals to build the infrastructure needed to navigate the supply constraints that have stunted its growth. Its rivals, Google, owned by Alphabet (GOOG +0.14%), and Microsoft (MSFT 0.50%), have navigated capacity constraints better than Amazon because of their investments and partnerships in key areas.

This reset should set up Amazon for future growth to handle its $244 billion in backlog contracts, which is up 40% from a year ago. The other thing that stands out about Amazon is its relatively low valuation, trading at 28 times earnings and 25 times forward earnings, which is near the lowest it's been in more than 10 years.

Wall Street is bullish on Amazon, too, with 92% of analysts rating it a buy with a median price target of $285 per share, suggesting 37% upside.

2. Taiwan Semiconductor Taiwan Semiconductor (TSM +1.32%) is flashing the buy signal right now due to its relatively low valuation and massive growth potential.

As the worldʻs dominant semiconductor foundry, meaning they make the chips that its clients like Nvidia (NVDA +1.95%) design, Taiwan Semiconductor, which goes by TSMC, is in the middle of the AI super cycle.

In 2025, TSMC expanded its market share as a foundry chipmaker to 70%, up from 64% in 2024. That was based on its revenue growth of roughly 36% in 2025 to $122 billion in USD. For 2026, the company anticipates revenue to rise "close to 30%" in U.S. dollar terms, according to the Q4 earnings call.

Today's Change

(

1.32

%) $

4.54

Current Price

$

347.79

TSMC also raised its compound annual revenue growth rate to 25% through 2029, based on its "technology differentiation" -- which includes its one-stop-shop packaging capabilities and its more efficient chips. Further, its pure play model and neutrality give it a broader customer base than other competitors.

"While we expect AI accelerators to be the largest contributor in terms of our incremental revenue growth, our overall revenue growth will be fueled by all four of our growth platforms which are smartphone, HPC (high-performance computing), IoT (Internet of Things), and automotive in the next several years," Chairman and CEO C.C. Wei said on the earnings call.

The company forecasts compound annual revenue growth from AI accelerators to be in the mid-to-high 50% range through 2029.

Taiwan Semiconductor stock is up 14% year to date and 93% over the past 12 months. Yet, with its massive growth prospects, it is still reasonably valued at 24 times forward earnings.

Wall Street is incredibly bullish on this stock, with 98% of analysts rating it a buy with a median price target of $435 per share, suggesting 28% upside.

For these reasons, both Amazon and TSMC look like better megacap options than Walmart right now.

New York, New York--(Newsfile Corp. - March 25, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Trip.com Group Limited (NASDAQ: TCOM) between April 30, 2024 and January 13, 2026, both dates inclusive (the "Class Period"), of the important May 11, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Trip,com 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 Trip.com class action, go to https://rosenlegal.com/submit-form/?case_id=50668 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 May 11, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) defendants recklessly understated the regulatory risk facing Trip.com as a result of its monopolistic business activities; and (2) as a result, defendants' statements about Trip.com'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 Trip.com class action, go to https://rosenlegal.com/submit-form/?case_id=50668 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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289994

Source: The Rosen Law Firm PA

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

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New York, New York--(Newsfile Corp. - March 25, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Ramaco Resources, Inc. (NASDAQ: METC) between July 31, 2025 and October 23, 2025, both dates inclusive (the "Class Period"), of the important March 31, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Ramaco 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 Ramaco class action, go to https://rosenlegal.com/submit-form/?case_id=52081 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 March 31, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) defendants had not commenced any significant mining activity at the Brook Mine after groundbreaking; (2) no active work was taking place at the Brook Mine; (3) as a result, Ramaco overstated development progress at the Brook Mine; and (4) as a result of the foregoing, defendants' positive statements about Ramaco's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Ramaco class action, go to https://rosenlegal.com/submit-form/?case_id=52081 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

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Celcuity Inc. (CELC) Q4 2025 Earnings Call March 25, 2026 4:30 PM EDT

Company Participants

Jodi Sievers
Brian Sullivan - Co-Founder, Chairman & CEO
Vicky Hahne - Chief Financial Officer

Conference Call Participants

Maurice Raycroft - Jefferies LLC, Research Division
Tara Bancroft - TD Cowen, Research Division
Stephen Willey - Stifel, Nicolaus & Company, Incorporated, Research Division
Josh Boen
Gil Blum - Needham & Company, LLC, Research Division
Oliver McCammon - LifeSci Capital, LLC, Research Division
Eva Fortea-Verdejo - Wells Fargo Securities, LLC, Research Division
Kalpit Patel - Wolfe Research, LLC
Chase Knickerbocker - Craig-Hallum Capital Group LLC, Research Division

Presentation

Operator

Good afternoon, ladies and gentlemen, and welcome to the Celcuity Fourth Quarter and Full Year 2025 Financial Call. [Operator Instructions] I would now like to turn the conference over to Jodi Sievers, Corporate Communications and Investor Relations at Celcuity. Please go ahead.

Jodi Sievers

Thank you, John, and good afternoon, everyone. Thank you for joining us to review Celcuity's Fourth Quarter and Full Year 2025 Financial Results and Business Update. Earlier today, Celcuity Inc. released financial results for the fourth quarter and full year ended December 31, 2025.

The press release can be found on the Investors section of Celcuity's website. Joining me on the call today are Brian Sullivan, Celcuity's Chief Executive Officer and Co-Founder; Vicky Hahne, Chief Financial Officer; as well as Igor Gorbatchevsky, Chief Medical Officer; and Eldon Mayer, Chief Commercial Officer, who will be available during Q&A.

Before we begin, I would like to remind listeners that our comments today will include some forward-looking statements. These statements involve a number of risks and uncertainties, which are outlined in today's press release and in our reports and filings with the SEC. Actual events or results may differ materially from those projected in the forward-looking statements. Such forward-looking statements and their implications may involve known and unknown risks, uncertainties

NEW YORK, March 25, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Aldeyra Therapeutics, Inc. (NASDAQ: ALDX) resulting from allegations that Aldeyra may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Aldeyra securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=38697 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On March 17 2026, Aldeyra filed with the Securities and Exchange Commission a Current Report on Form 8-K, in which it announced its receipt from the U.S. Food and Drug Administration (“FDA”) a Complete Response Letter (“CRL”) regarding its New Drug Application (“NDA”) of reproxalap. The report stated that the “CRL stated that there is “a lack of substantial evidence consisting of adequate and well-controlled investigations … that the drug product will have the effect it purports or is represented to have under the conditions of use prescribed, recommended, or suggested in its proposed labeling” and that “the application has failed to demonstrate efficacy in adequate and well controlled studies in the treatment of signs and symptoms of dry eye disease.” The letter also stated that the “inconsistency of study results raises serious concerns about the reliability and meaningfulness of the positive findings” and that the “totality of evidence from the completed clinical trials does not support the effectiveness of the product.””

On this news, Aldeyra’s stock price fell $2.99 per share, or 70.7% to close at $1.24 per share on March 17, 2026.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. 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 achieved the largest ever securities class action settlement against a Chinese Company at the time. 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.

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

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

Contact Information:

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

Isara, founded by a pair of 23-year-old researchers, aims to build software that can coordinate the work of thousands of ‘agents.'

Fincantieri S.p.A. (FNCNF) Q4 2025 Earnings Call March 25, 2026 11:00 AM EDT

Company Participants

Pierroberto Folgiero - CEO, MD & Director
Giuseppe Dado - Chief Financial Officer

Conference Call Participants

Antonio Gianfrancesco - Intermonte SIM S.p.A., Research Division
Marco Vitale - Mediobanca - Banca di credito finanziario S.p.A., Research Division
Emanuele Gallazzi - Equita SIM S.p.A., Research Division
Gabriele Gambarova - Intesa Sanpaolo Equity Research
Sriram Krishnan - Deutsche Bank AG, Research Division

Presentation

Operator

Good afternoon. This is the chorus call conference operator. Welcome, and thank you for joining the Fincantieri Full Year 2025 Results Conference Call. [Operator Instructions] At this time, I would like to turn the conference over to Mr. Folgiero, Chief Executive Officer and Managing Director. Please go ahead, sir.

Pierroberto Folgiero
CEO, MD & Director

Good afternoon, ladies and gentlemen, and welcome to Fincantieri's Full Year 2025 Results Call. We are proud to share with you the outstanding results achieved in 2025, which highlights Fincantieri's ability to capture the opportunities offered by the favorable macro trends in our markets, while maintaining financial discipline and ensuring flawless execution of our backlog.

In 2025, we delivered tangible progress in the implementation of our strategy, exceeding expectations and creating significant value for all our stakeholders. This provides an exceptionally strong foundation on which to build the group's growth trajectory set out in the new 2026-2030 business plan.

We achieved a double-digit revenue and EBITDA growth a strong margin expansion supported by continued efficiency initiatives and a profitable business mix, leading to the highest net profit in our industry at EUR 117 million, more than 4x higher than 2024.

We also recorded a new all-time high in both order intake and total backlog, confirming the strength of our commercial positioning and remarkable growth potential.

On the financial front, the group continues to

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Retail attention is currently focused on XRP’s spot price, but a quieter movement has been unfolding at the infrastructure level of the network. Capital is entering, and it is doing so gradually. 

Stablecoin supply on the XRP Ledger has doubled since December 2025, reaching $568.89 million, which is a 100.3% increase recorded across roughly three months. The figure itself is notable, but the pattern behind it might possess a more significant reflection of the sentiment among investors.

Stablecoin Liquidity On XRPL Sees Explosive Growth The XRP Ledger is currently going through bouts of activity that show crypto investors are fully active in the ecosystem. One of the clearest signals of this activity comes from the surge in stablecoin supply on the Ledger. 

Data shows that total supply has climbed to around $568.89 million, marking an increase of just over 100% since December 2025. The growth did not happen in a single spike. On December 7, 2025, stablecoin supply on the Ledger stood at approximately $266.86 million. That figure has climbed in the past few months to a peak of $643.91 million before settling at $568.89 million at the time of writing.

Source: Chart from XRP Official on X Growth through December and into early January was measured and gradual, with the stablecoin liquidity between $266 million and the low $300 million range in those months. A more defined growth rate began around the second week of January, pushing supply past $400 million. 

February saw the most growth, which led to the stablecoin supply breaching $466 million for the first time and climbing above the $600 million threshold within weeks. March is characterized by a brief decrease from the $643 million peak, but the supply is still well above the levels it started with this year.

Are Investors Positioning Behind The Scenes? Stablecoin supply growth on a blockchain network is not the same as a price rally. But it does not reflect optimism or sentiment in the way that token appreciation does. It reflects intent, specifically, the intent of capital holders to be present and operational within a given ecosystem.

An increase of this magnitude implies that participants are preparing to use the network. This does not guarantee an immediate price reaction, but it changes the context. It means that the Ledger and the entire XRP ecosystem are increasingly moving from a purely speculative-based trading environment to signs of capital being positioned with longer-term intent. 

If nothing else, it shows that the XRP Ledger is carrying more than twice the stablecoin liquidity it held three months ago. According to a commentator account on the social media platform X with the username XRP official, the stablecoin growth data shows that capital is positioning behind the scenes.

XRP trading at $1.43 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Freepik, chart from Tradingview.com

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Ethereum (ETH) is trading at $2,187, recovering inside a rising channel after pulling back from a March high near $2,393. Two on-chain signals and a clear technical resistance zone now frame exactly what bulls need to clear for a run toward $2,500.

The exchange outflow picture is constructive. However, one valuation metric is flashing caution at the same time, and the chart has a specific price zone that has already rejected ETH once.

Record Ethereum Exchange Outflows Signal Accumulation The Glassnode exchange net position change chart covers ETH across all exchanges from March 2 through March 25. The first half of March was mixed — small red bars through early March gave way to green bars between March 8 and March 13, meaning ETH was flowing into exchanges during that stretch, a typical sign of sell preparation.

From March 14 onward, the picture shifted sharply. Red bars, representing net ETH leaving exchanges, returned and grew in magnitude through the final week of March.

The largest outflow bars visible on the chart land around March 22 and March 24–25, reaching depths approaching -1.2 million ETH on a single day. ETH leaving exchanges at scale generally means holders are ideally buying the low prices, reducing immediate sell-side supply.

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

XRP Exchange Net Position. Source: GlassnodeHowever, the sheer size of recent outflows also reflects the elevated price sensitivity of the market at this level. Large movements in either direction tend to precede sharp price swings.

Is ETH Entering the Overvalued Phase?The Network Value to Transactions (NVT) Signal chart spans February 19 through March 25, 2026. It measures ETH’s market cap relative to on-chain transaction volume, essentially a price-to-earnings ratio for the network. When NVT rises, the price is growing faster than the economic activity supporting it.

The reading sat near 48 in mid-February. It climbed through March, peaked near 64 around March 17, pulled back briefly, and has since recovered to approximately 60 as of March 25. Ethereum’s price, shown by the black line, has remained relatively flat in the $2,100–$2,300 range throughout this period.

Ethereum NVT Ratio. Source: GlassnodeThe divergence is the concern. On-chain transaction volume has not grown proportionally with the market cap expansion. A rising NVT Signal does not guarantee a price drop. However, it does mean that the current valuation needs stronger network activity to stay justified. If transaction volume does not catch up, ETH becomes increasingly expensive relative to its fundamental usage.

ETH Price Has a Clear TargetEthereum’s price is trading at $2,186, sitting between the 23.6% Fibonacci level at $2,130 and the 38.2% level at $2,203. The Fibonacci grid is drawn from the cycle low at $2,023 up to the recent swing high at $2,494. The 20-day EMA sits at $2,145, just below the price and rising, a near-term supportive signal.

ETH is trading inside a well-defined rising wedge, with the lower boundary currently near $2,080. The channel structure has been intact since the February 25 low, and the price has respected both boundaries across multiple tests.

The annotated “red circle” on the chart sits at the 78.6% Fibonacci retracement level at $2,393. This zone represents the prior rejection point from mid-March. Here, the Ethereum price reached a high near $2,393 before pulling back sharply toward $2,130. For bulls, this is the only meaningful resistance zone between the current price and the $2,500 target.

ETH Price Analysis. Source: TradingViewA 12-hour close above $2,393 opens the door to $2,494, followed by the 1.236 extension at $2,605. Following that comes the 1.5 extension at $2,730. Those levels align with the upper boundary of the rising channel. Once the 0.618 or 0.786 Fib is flipped into support, the price can bounce back and escape the pattern.

The invalidating scenario for the bullish thesis is a daily close below the rising channel’s lower boundary near $2,023. A loss of that floor would erase the entire structure built since late February. This would put $1,838 or $1,929 in focus as the next support.

Arkham data reveals that this Wednesday, the Bhutanese government has once again moved a significant amount of Bitcoin from its state holdings. The wallet linked to the Asian nation transferred approximately 519.7 BTC, with an estimated value of $36.7 million, to two separate addresses. This movement, detected by Onchain Lens, directed a portion of the funds to a wallet linked to the trading firm QCP Capital, marking the third high-volume transfer by the Bhutanese government so far in March.

The Royal Government of Bhutan moved 519.7 $BTC worth $36.75M to 2 wallets and 1 linked to QCP Capital.https://t.co/hiGpK3qhfy pic.twitter.com/8vdGkWoSKx

— Onchain Lens (@OnchainLens) March 25, 2026

This outflow intensifies the pattern observed throughout the month, during which Bhutan had already moved $72 million across six previous transactions, followed by another $11.8 million on March 9. Despite these strategic sales, the country—which remains the fifth-largest sovereign holder of Bitcoin—still maintains a substantial balance of 4,453 BTC, valued at approximately $315 million. This figure is down from the more than 13,000 BTC it held in October 2024, evidencing active management of its crypto portfolio.

Bhutan utilizes Bitcoin mining, powered by cheap hydroelectric energy, to foster its economic growth. The nation has announced plans to use a portion of its BTC holdings for the construction of its special administrative zone, the Gelephu Mindfulness City (GMC), and to establish a strategic cryptocurrency reserve, demonstrating a deep integration of digital assets into its long-term national development strategy.

Source:https://intel.arkm.com/explorer/entity/druk-holding-investments

Source:https://x.com/OnchainLens/status/2036652582631039408

Disclaimer: Crypto Economy Flash News is compiled from official and verified public sources by our editorial team. Its purpose is to provide rapid reporting on relevant facts within the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We recommend always verifying official project channels before making related decisions.

Investors are starting to reposition ahead of the upcoming CLARITY Act.

Case in point: Circle [CRCL] dropped 20.11% on the 24th of March after news that stablecoin balances wouldn’t earn yields.

This effectively reduces the incentive to hold USDC, sparking broader market uncertainty, especially since stablecoins are central to connecting TradFi and DeFi.

That said, major L1s didn’t really react.

Ethereum [ETH], for instance, was up 1.5% intraday as of this writing, nearing $2.2k resistance. Still, as the network behind 50%+ of the stablecoin market, any policy shifts could ripple through Ethereum’s ecosystem, raising the question: What happens if the CLARITY Act caps stablecoin yields?

Source: X Notably,  the market is reading this as bullish for ETH. 

Analysts note that if holding stablecoins like USDC no longer earns yield, essentially removing the “interest” on idle cash, then staking ETH becomes a more attractive way to earn passive income.

As a result, more ETH could flow into staking, increasing network activity and making the overall setup positive for Ethereum.

On top of that, since stablecoins are used for transactions, traders are likely to move them more instead of just holding. This is where Ethereum’s edge as the largest stablecoin network really shows.

More transactions drive up gas fees, and EIP-1559 burns more ETH, adding another positive layer to the network.

Overall, the market’s reaction shows ETH’s technical resilience. In fact, investors plan to stake about $6 billion ETH in Ethereum’s pipeline over the next 50 days.

So the big question now: If the bullish thesis plays out, could this be just the start of Ethereum’s staking queue?

Sharplink demonstrates the potential of ongoing Ethereum staking Sharplink provides a real-world example of why Ethereum staking isn’t slowing down anytime soon. 

On X, the ETH staking pool shared that it has already generated 15,996 ETH ($34 million) in cumulative staking rewards. This shows that staking activity continues non-stop, even as the market moves and prices fluctuate.

The result? ETH remains locked, steadily generating rewards for participants.

Moreover, the timing of the post is clearly strategic. With investors adjusting around the CLARITY Act, it highlights the growing potential of Ethereum staking.

The point is made even stronger by Ethereum’s nearly $164 billion stablecoin pool, showing just how much capital could flow into staking.

Source: DeFiLlama At the same time, only about 3.46 million ETH ($7.4 billion) is available on exchanges. If even a small portion of stablecoins moves into ETH or staked ETH for better yields, which is likely after the CLARITY Act changes, exchanges could run out of ETH fast.

This sets up a third bullish case for Ethereum.

Taken together, all of these point to a clear trend: Capped stablecoin yields could push more capital into ETH staking, locking up supply and boosting network activity. With the growing staking queue, rewards from Sharplink, and Ethereum’s huge stablecoin pool, the setup looks strong. If the bullish thesis plays out, this could mark the start of a new era for Ethereum staking.

Final Summary Capped stablecoin yields could drive more ETH into staking, locking up supply, boosting network activity, and increasing rewards for participants. Ethereum’s large stablecoin pool, ongoing staking rewards, and $6 billion staking queue make the network well-positioned for continued growth.

TLDR: Bittensor has gained 140% in six weeks, with 105% of those gains recorded since March 8th alone Social dominance for $TAO hit 1.99%, marking a new one-year high and sitting 144% above its daily average Retail sentiment shows only 1.5 positive comments per negative one, suggesting no signs of a forming top yet Targon (SN4) trades at 3.6x revenue against a $10.5M ARR, well below the typical 8–15x SaaS industry benchmark Bittensor ($TAO) has posted a price increase of 140% over six weeks, with 105% of those gains recorded since March 8th alone.

The token now sits at 26th by market capitalization. Analyst platforms Santiment and LunarCrush have each published separate findings on the rally.

Both reports point to rising social activity, though they approach the data from different angles.

Retail Sentiment Remains Cautious Despite Price Surge Santiment flagged that social volume across X, Reddit, Telegram, and other platforms has reached its second-highest level on record for Bittensor.

The only period that exceeded it was the activity surrounding the token’s $529 price top on November 1st. That prior peak was driven largely by FOMO, making the current comparison worth noting.

📈 Bittensor has erupted with a price surge of +140% in 6 weeks, and +105% since March 8th alone. The now #26 market cap has been at the center of the fast-growing AI narrative, with capital rotating toward decentralized machine learning projects as one of the market’s hottest… pic.twitter.com/JKIYHStzB2

— Santiment (@santimentfeed) March 25, 2026

Despite the strong price movement, the sentiment breakdown tells a more measured story. Santiment recorded only 1.5 positive comments for every 1.0 negative comment at this time.

That ratio is notably low for a token in the middle of a major rally, and it sets this surge apart from other altcoin pumps seen in recent cycles.

The absence of greedy optimism from retail traders is generally viewed as a healthy sign for a rally. When crowds pile in with excessive enthusiasm, it tends to mark a forming top. The current data does not show that pattern, which suggests the move may have room to continue.

Santiment also positioned Bittensor within the broader AI narrative driving capital rotation in the market. The token is described as a live marketplace for machine intelligence, where models compete and earn based on performance. This effectively turns AI output into a tradable commodity with measurable results.

The subnet architecture further sets Bittensor apart, according to Santiment’s framing. Hundreds of specialized AI markets operate independently across use cases like LLM training, compute, and prediction, yet remain economically tied to TAO. That structure creates real competition rather than a single centralized model driving all activity.

Engagement Data and Fundamentals Paint a Different Picture From November LunarCrush approached the rally through social engagement metrics, reporting a 112% rise in $TAO engagements over the past 30 days.

In a single 24-hour window, the platform recorded 3.86 million engagements against a daily average of 1.56 million. That figure is approximately 2.5 times the baseline level of activity.

$TAO engagements are up 112% in the last 30 days.

Not price. Not speculation. Social engagement, the leading indicator that tracks real attention before capital follows.

3.86M engagements in the last 24 hours alone, against a daily average of 1.56M. That's 2.5x the baseline,… pic.twitter.com/wL40Uzzji4

— LunarCrush (@LunarCrush) March 22, 2026

Social dominance for $TAO reached 1.99%, sitting 144% above its daily average and marking a new one-year high.

A total of 3,228 unique creators posted about the token within a 24-hour period, up 41% week-over-week. LunarCrush noted that price and engagement are rising together for the first time since the November 2025 local top.

However, LunarCrush drew a clear contrast between then and now. The current market cap stands at $2.9 billion, compared to $4.7 billion during the November peak.

Social volume is approaching that earlier level, but price has not caught up, which some read as a potential gap still to close.

Several catalysts appear behind the current wave of attention. Jensen Huang named Bittensor on the All-In Podcast alongside Chamath Palihapitiya.

Grayscale also opened a private placement for a $TAO trust, adding a layer of institutional interest to the conversation.

On the development side, Templar (SN3) completed Covenant-72B, a 72-billion-parameter model trained across 70 or more contributors with no central computing cluster.

Targon (SN4) is generating $10.5 million in annualized recurring revenue at a 3.6 times revenue multiple, compared to the 8 to 15 times multiple typical of traditional SaaS companies.

TLDR: Franklin Templeton and Ondo Finance are tokenizing five ETFs spanning equities, bonds, and gold.  Tokens trade 24/7 through crypto wallets, removing the need for traditional brokerage accounts.  The tokenized real-world asset market has surged 360% since 2025, now valued at $26.5 billion.  US availability remains on hold pending regulatory clarity on on-chain fund distribution rules. Tokenized ETFs are entering a new phase as Franklin Templeton teams up with Ondo Finance on a new product line. The partnership will bring blockchain-based versions of Franklin’s exchange-traded funds to international markets.

These products will trade around the clock through crypto wallets, removing the need for traditional brokerage accounts.

Initial availability covers Europe, Asia-Pacific, the Middle East, and Latin America. US access depends on further regulatory guidance from authorities.

How the Tokenized ETF Structure Works Under the arrangement, Ondo Finance will purchase shares of the Franklin Templeton ETFs directly. It will then issue tokens through a special-purpose vehicle that transfers financial exposure to holders.

Investors will own rights to the return stream, not the underlying fund shares. This structure allows the tokens to serve as collateral or within decentralized finance applications.

Five funds are lined up for tokenization as part of this rollout. They include a growth-oriented US equity strategy, a systematic large-cap equity fund, and a gold fund.

A high-yield corporate bond fund and an income-focused US equity strategy also make the list. These products span equities, fixed income, and commodities.

Ondo’s market makers will provide liquidity for the tokens at all hours. This includes periods when traditional stock and bond markets remain closed.

As a result, investors gain continuous access without the trading restrictions tied to standard ETFs. The setup also removes the need for cross-border brokerage accounts entirely.

According to Bloomberg, Franklin Templeton has partnered with Ondo Finance to launch tokenized ETFs tradable 24/7 via crypto wallets without brokerage accounts; the products cover U.S. equities, fixed income, and gold, initially launching outside the U.S., with U.S. availability… pic.twitter.com/Hs4cxiuq7N

— Wu Blockchain (@WuBlockchain) March 25, 2026

Franklin Templeton already offers international versions of its US strategies through conventional brokerage channels. However, those products still require investors to hold brokerage accounts.

The tokenized versions remove that barrier entirely. Sandy Kaul, Franklin’s head of innovation, described the initiative plainly: “You can think of this as a new distribution channel. These ETFs represent a good mix of different exposures.”

Market Growth and Regulatory Challenges The tokenized real-world asset market has grown roughly 360% since 2025, reaching $26.5 billion according to rwa.xyz. Despite this growth, the US has not established formal rules for distributing registered funds on-chain.

This regulatory gap remains the primary obstacle for products targeting US investors. Both firms are watching how regulators respond before expanding further.

Ian De Bode, president of Ondo Finance, addressed the regulatory gap directly. “This is an area where the US risks falling behind other jurisdictions,” he said.

He also described the potential user base as “meaningful,” with millions of investors relying on crypto wallets. Franklin Templeton manages approximately $1.7 trillion in assets, while Ondo holds around $2.7 billion in tokenized assets.

Other major firms are also pursuing tokenized fund strategies. BlackRock and WisdomTree have announced plans for tokenizing ETFs in the US.

The New York Stock Exchange recently partnered with Securitize to support tokenized securities. Nasdaq also teamed up with digital-asset firm Talos to connect crypto trading tools.

Integrating blockchain ownership with traditional ETF systems remains a technical challenge. Broker-dealers and authorized participants handle share creation under current market rules.

Accommodating non-KYC wallets while complying with securities laws adds further complexity to product design. Still, firms continue advancing these structures as demand from crypto-native investors grows.

Bitwise CIO Matt Hougan says Circle’s 22% post-CLARITY Act selloff is “excessive,” arguing USDC’s payments moat and a $1.9t stablecoin market by 2030 justify a $75b valuation target.

Summary

Bitwise CIO Matt Hougan called Circle’s post-regulatory selloff “excessive,” projecting the stablecoin issuer could be worth $75 billion by 2030. Hougan cited Citigroup’s revised forecast that the global stablecoin market could reach $1.9 trillion by 2030, arguing the fundamental growth thesis remains intact. William Blair analysts added that Circle’s cross-border B2B payments utility is undiminished, even as regulatory uncertainty persists around profit-sharing rules. Bitwise Asset Management pushed back Wednesday against the market’s reaction to Circle’s recent stock plunge, with CIO Matt Hougan arguing that the stablecoin issuer’s valuation could reach $75 billion by 2030 — well above current levels — and that investors are overreacting to legislative noise. According to The Block, Hougan made the remarks in response to Circle’s (CRCL) share price cratering roughly 22% on Monday after a tougher draft of the CLARITY Act raised the prospect of banning stablecoin yield.

Hougan said the pending legislation has not altered the underlying growth logic of the stablecoin market. He pointed to Citigroup’s updated forecast, which revised its 2030 base case for total stablecoin issuance to $1.9 trillion — up from a prior estimate of $1.6 trillion — and set a bull case of $4.0 trillion, citing accelerating adoption by payment networks, corporations, and financial institutions. Hougan stressed that interest income is not the core driver of stablecoin growth, directly countering the market’s primary fear.

Equity analysts at William Blair echoed the bullish sentiment. In a recent note covered by crypto.news, Blair argued that USDC’s role as a payments “base layer” is being repriced by the market, with Circle’s compliance infrastructure, banking relationships, and cross-chain integrations forming a durable competitive moat — particularly in cross-border B2B payments.

Circle’s regulatory headwinds The selloff that prompted Bitwise’s intervention came after the CLARITY Act’s latest draft threatened to restrict stablecoin issuers from distributing yield to holders. The concern is that such a restriction would neutralize one of the key competitive levers that Circle’s rivals use to attract liquidity, though some analysts — including Hougan — argue this could actually advantage Circle by leveling the playing field.

Circle separately froze the USDC balances of 16 business hot wallets late Monday, disrupting operations at several exchanges and platforms, further rattling investor confidence. The move revived longstanding centralization debates around USDC’s architecture, adding to the week’s negative sentiment around the stock.

The stablecoin market context USDC currently has over $75 billion in circulation, and Circle has processed over $6 trillion in adjusted transaction volume to date. The company reported $1.68 billion in revenue for 2024, the vast majority of it generated through interest on USDC reserves invested in short-term government bonds. Citigroup’s revised $1.9 trillion base-case projection assumes stablecoin issuance will grow at roughly 20% annually through the end of the decade, driven by crypto-native ecosystems, e-commerce adoption, and the substitution of overseas dollar holdings.

William Blair, which maintains an outperform rating on Circle, noted USDC’s 30-day adjusted transaction volume recently hit nearly $6 trillion — dwarfing Tether’s $1.1 trillion over the same period — as evidence that Circle’s network effects are compounding regardless of short-term regulatory turbulence.

Bitwise’s $75 billion target implies significant upside from Circle’s pre-crash valuation and signals that institutional asset managers view the current dip as a buying opportunity rather than a structural break. The firm’s argument, in essence, is that stablecoins will grow with or without yield — and that Circle is best positioned to capture that growth.

TLDR: Bitcoin moved upward against gold as U.S.-Iran tensions rose, defying traditional market flight-to-safety patterns. Money rotated out of gold, silver, and stocks, with Bitcoin capturing part of that displaced capital in real time. Spot Bitcoin ETFs and institutional allocation in 2026 may be reshaping how the asset responds to geopolitical stress. The gold-to-Bitcoin ratio is now a key metric to watch as markets assess whether this safe haven shift is structural. Bitcoin is drawing fresh attention as geopolitical tensions between the U.S. and Iran escalate. Traditionally, gold has served as the go-to asset during global uncertainty.

However, recent market movements suggest a possible shift. Money appears to be rotating away from gold, silver, and equities.

Bitcoin is absorbing some of that capital. Whether this marks a structural change or a temporary trend remains to be seen.

Bitcoin Captures Flight-to-Safety Capital as Gold Loses Ground Market observers noted an unusual pattern as U.S.-Iran tensions rose recently. Typically, investors exit risk assets and move into gold during geopolitical stress. This time, Bitcoin moved upward while gold and silver saw outflows alongside equities.

Milk Road, a widely followed crypto newsletter on X, pointed this out directly. The post noted that money was rotating out of gold, silver, and stocks, with Bitcoin catching some of the flight-to-safety bid. That behavior stands out because it rarely happens during geopolitical flare-ups.

Gold is supposed to be the safe haven when geopolitical tensions spike.

That's half the reason people hold it.

But $BTC just moved up against gold – and if you're still treating Bitcoin as pure risk-on, you might be reading an old playbook.

Here's what's actually happening:… pic.twitter.com/fOJ3QI6Gue

— Milk Road (@MilkRoad) March 25, 2026

Bitcoin shares several core traits with gold. Both assets carry finite supply, operate without counterparty risk, and function as stores of value. However, Bitcoin offers added advantages in borderless access and instant liquidity across any geography.

In situations involving sanctions, capital controls, or cross-border asset freezes, Bitcoin becomes increasingly practical.

Investors who need access to value regardless of location or political circumstance find it more functional than physical gold in those scenarios.

Institutional Presence and ETF Access Add Weight to Bitcoin’s Safe Haven Case The broader context of this market moment matters. The crypto landscape in 2026 looks markedly different from past cycles. Spot Bitcoin ETFs are now live, and institutional allocation to the asset class is well established.

That institutional base changes how Bitcoin responds to macro stress. In 2022, crypto dropped sharply in risk-off environments.

Today, with deeper liquidity and broader participation, the asset may behave differently under similar conditions.

Milk Road’s post suggested watching the gold-to-Bitcoin ratio closely. If Bitcoin holds or gains ground while geopolitical stress remains elevated, it could signal a more durable shift in how markets treat the asset.

The $100,000 price level remains the target many analysts reference. Reaching it through a geopolitical risk rotation rather than speculative momentum would represent an uncommon path in Bitcoin’s history.

That said, no rotation narrative carries certainty. Bitcoin has historically sold off alongside other assets when risk appetite collapsed broadly.

The next few weeks will determine whether current patterns hold or reverse as the situation between the U.S. and Iran develops further.

The Solana [SOL] Foundation has rolled out a new enterprise-focused platform. According to recent reports, early adopters include major payment players like Mastercard, Worldpay, and Western Union, who are building payments and stablecoin settlement on the Solana network.

The development brings Solana closer to real-world payment infrastructure, particularly stablecoin settlement. Could the increased adoption have a say on the token’s price action?

Whales step in as sentiment shifts Following the announcement, SOL whales turned active on spot markets. Large buy orders have started to show up on the Spot Average Order Size data. This shift suggests confidence. Not just in price action, but also in Solana’s expanding utility.

Usually, when whales move alongside fundamental developments, the impact tends to be stronger. The same could be replicated to Solana price action, more so at this moment when SOL has just broken out of a wedge consolidation pattern.

Source: CryptoQuant Derivatives data confirms buyer control Both spot and futures metrics are now aligned.

Cumulative Volume Delta (CVD) on spot markets shows sustained buying pressure. Futures CVD tells the same story. Buyers are in control across both segments. This kind of alignment matters as it reduces the chances of a fake breakout driven by leverage alone.

Source: CryptoQuant What it means for SOL price action The enterprise rollout adds a new spark. Solana is no longer just a high-speed chain; it is positioning itself as a payments layer.

That shift can attract longer-term capital, not just traders, but institutions are looking for infrastructure exposure. In the short term, whale accumulation and strong CVD support a bullish bias.

On the daily chart, the token price action has just broken out of a wedge consolidation pattern. The altcoin’s momentum is accumulating toward the imbalance zone at around $110. If the momentum materializes, SOL could have another chance to rally past $100 in the near future.

Source: TradingView What’s next for SOL Solana’s latest move blends fundamentals with market momentum. Institutional adoption is picking up, whales are responding, and buyers dominate across spot and futures.

As it stands, the market is leaning bullish, with the imbalance zone at $110 standing out as the next key target in line.

Final Summary Solana network’s increasing enterprise rollout triggered strong whale accumulation on spot markets.

CVD across spot and futures confirms buyers are in control, with the imbalance zone at $100 as the next target.