Market Signal Briefing

TLDR: XRP’s combined spot and perpetual CVD on Binance recovered by $315M between March 23 and March 25. Binance open interest held between $185M and $192M, showing buying returned without added leverage pressure. XRP’s Estimated Leverage Ratio dropped to 0.134 on Binance, marking the lowest reading recorded since 2024. Multi-exchange OI delta averaged -$14M daily from March 18–22, preceding the two-day CVD rebound on Binance. XRP is showing renewed buying activity on Binance, with key derivatives and spot metrics improving over a two-day window.

Between March 23 and March 25, combined spot and perpetual cumulative volume delta recovered by $315 million.

At the same time, the estimated leverage ratio dropped to its lowest point since 2024. These developments suggest a shift in market structure that traders are closely watching.

Binance CVD Recovers Across Spot and Perpetual Markets XRP’s perpetual CVD on Binance moved from -$2.12 billion to -$1.88 billion between March 23 and March 25. That represents a net improvement of roughly $240 million within just two days. Alongside this, spot CVD climbed from -$202 million to -$127 million over the same period.

The spot CVD improvement added another $75 million to the overall recovery. Together, these two figures account for the $315 million combined rebound seen across both markets. This kind of recovery across both segments tends to reflect broader participation from buyers.

What adds weight to this move is how open interest behaved during the same window. Binance open interest stayed within a narrow band of $185 million to $192 million throughout this period. That range shows buying pressure picked up without a notable rise in leverage.

As analyst Amr Taha noted, the broader derivatives market had already gone through a cooling phase before this rebound appeared.

On the Multi Exchange Open Interest Delta chart, negative readings dominated from March 18 to March 22, averaging around -$14 million daily. The CVD recovery therefore followed a multi-day period of reduced activity.

XRP Leverage Ratio Drops to Levels Not Seen Since 2024 The Estimated Leverage Ratio for XRP on Binance recently fell to approximately 0.134, coinciding with XRP trading near $1.41.

According to analyst Arab Chain, this marks the lowest reading since 2024. It reflects a clear change in how traders are positioning themselves in the derivatives market.

Source: Cryptoquant

During 2025, the ELR climbed above 0.50 at several points, which aligned with periods of heightened price swings.

Starting in early 2026, the ratio began a steady decline before reaching its current level. The drop points to an ongoing deleveraging phase across the market.

Lower leverage generally reduces the risk of large-scale liquidations. Liquidation events often cause sudden price swings and short-term volatility. A reduction in open leverage therefore tends to stabilize price action over time.

The decline in leverage also appears to coincide with a price drop from higher levels seen in recent months. This pattern often reflects a rebalancing phase, where over-leveraged positions are unwound. Historically, such phases have preceded stronger and more sustained price movements.

Bitcoin and ether exchange-traded funds (ETFs) returned to outflows on Tuesday, reflecting renewed caution. In contrast, solana and XRP ETFs posted modest gains, signaling selective investor interest.

Bitcoin, Ether ETFs Slide While Solana and XRP Gain Momentum in crypto ETFs remains fragile. Just as quickly as inflows return, they fade again, leaving markets searching for direction.

Bitcoin ETFs slipped back into negative territory with a net outflow of $74.53 million. The selling was concentrated but decisive. Fidelity’s FBTC led the decline with a $45.35 million exit, accounting for the bulk of withdrawals. Bitwise’s BITB followed with $16.60 million in outflows, while Vaneck’s HODL and Blackrock’s IBIT shed $7.86 million and $4.72 million, respectively.

Unlike the previous session, there were no meaningful inflows to offset the pressure. Trading volume held firm at $3.03 billion, yet net assets declined to $89.74 billion, reflecting the day’s cautious tone.

Bitcoin ETFs have leaned more toward outflows over the past five trading days. Despite the outflows over the past few days, market analysts still reckon that bitcoin ETFs have overcome the huge exits seen at the start of the year. Senior ETF analyst for Bloomberg, Eric Balchunas, tweeted that “ Bitcoin ETFs now $2.5B for month and one good day away from completely digging out of YTD flow hole.”

Ether ETFs followed a similar path, recording $40.80 million in net outflows. Blackrock’s ETHA once again led the downturn, losing $24.97 million. Grayscale’s Ether Mini Trust posted a $10.02 million exit, while Fidelity’s FETH saw $5.81 million in withdrawals. Additional outflows came from Grayscale’s ETHE ($1.72 million) and Bitwise’s ETHW ($1.52 million).

There were, however, small pockets of resilience. Blackrock’s ETHB continued its steady inflow streak with $2.18 million, and 21Shares’ TETH added $1.06 million. Even so, these gains were not enough to counterbalance broader selling. Trading volume stood at $1.03 billion, with net assets closing at $12.46 billion.

Away from the majors, sentiment improved. XRP ETFs recorded a modest inflow of $1.40 million, driven entirely by Bitwise’s XRP product. Trading activity reached $13.87 million, while net assets settled at $978.92 million.

Solana ETFs delivered the strongest relative performance of the day. Total inflows reached $4.64 million, led by Bitwise’s BSOL with $2.97 million. Franklin’s SOEZ contributed $1.53 million, and Invesco’s QSOL added a smaller $133,250. Trading volume came in at $47.15 million, with net assets at $881.53 million.

The divergence stands out. Bitcoin and ether continue to face uneven demand, while smaller assets continue to attract selective capital. It is not a broad risk-on move, but it suggests investors are becoming more targeted in their exposure.

In summary, Tuesday reflected a split market. Major crypto ETFs returned to outflows, while solana and XRP quietly gained ground. The consistent rotation may be small, but it is becoming harder to ignore.

FAQ 📊 Why did Bitcoin ETFs return to outflows after Monday’s inflows?
Bitcoin ETFs saw renewed selling pressure as investors took short-term profits and reduced exposure following the previous day’s rebound. Which fund led Bitcoin ETF outflows on Tuesday?
Fidelity’s FBTC recorded the largest outflow, with over $45 million exiting the fund during the session. Are Ether ETFs still under consistent selling pressure?
Yes, ether ETFs continue to experience steady outflows, largely driven by repeated withdrawals from Blackrock’s ETHA. Why are Solana and XRP ETFs seeing inflows while Bitcoin declines?
Investors appear to be rotating into smaller crypto assets, seeking diversification or short-term opportunities outside of bitcoin and ether.

TL;DR:

Hyperliquid Strategies Inc. (HSI) formally launched options trading for its PURR common stock on the Nasdaq Options Market this Tuesday. The initiative aims to enhance liquidity and price discovery, offering institutional investors advanced hedging tools. PURR acts as an equity proxy for the Hyperliquid ecosystem, allowing exposure to its native token, HYPE, without directly interacting with the blockchain. Hyperliquid, currently the most prominent decentralized derivatives protocol, has taken a major step toward integration with traditional finance (TradFi). Through its treasury arm, the company announced the debut of PURR options—a move designed to capitalize on the platform’s recent dominance in crypto derivatives volume and its foray into real-world assets.

The timing for this debut is ideal, as the ecosystem is recording all-time highs in its oil perpetuals, alongside a surge in Total Value Locked (TVL). The introduction of options on the Nasdaq allows traders to manage implied volatility and execute complex strategies, which typically precedes an increase in capital efficiency and, potentially, a narrowing of bid-ask spreads for the underlying asset.

This achievement reinforces the company’s position as a bridge between equity markets and on-chain infrastructure. By listing these options, it becomes easier for institutional capital—often restricted by crypto custody regulations—to participate in the protocol’s growth through regulated vehicles.

Impact of PURR on the HYPE Ecosystem and Institutional Market The HSI structure focuses on maximizing shareholder value through staking and yield strategies built on HYPE. Therefore, PURR options act as a flow multiplier; hedging demand from shareholders can generate positive feedback loops that directly benefit the valuation of assets linked to the protocol.

From now on, it is vital for traders to monitor open interest on the Nasdaq, as it will serve as a precise barometer for measuring institutional sentiment. A growing correlation between PURR’s performance and activity on the Hyperliquid DEX could signal the start of a maturity phase where retail and corporate flows finally converge.

In summary, PURR’s arrival on Wall Street is not just a geographical expansion, but a validation of Hyperliquid’s technological robustness, positioning its derivatives as top-tier financial tools on the global stage.

Coinbase and Chainlink have connected institutional exchange data to public blockchains for the first time, giving decentralized finance ( DeFi) developers access to market information that previously existed only in centralized systems.

Coinbase Market Data Reaches Blockchain Networks Through Chainlink Integration The integration runs through Datalink, Chainlink‘s data publishing service for institutional-grade datasets. Coinbase‘s available data now includes order book data, spot prices, perpetual futures from Coinbase International Exchange, E-mini futures, and additional datasets covering metals, energy, and equity futures via Coinbase Derivatives Exchange.

The practical effect is straightforward. Onchain protocols — derivatives platforms, lending markets, tokenized asset products — have historically relied on data sources not built for institutional use. Coinbase’s exchange feeds, routed through Chainlink’s oracle network, give developers a more reliable pricing foundation.

Liz Martin, Vice President at Coinbase Markets, said the company adopted Datalink to publish Coinbase’s exchange market data onchain for the first time, describing Chainlink’s data standard as the clear choice for bringing that data into onchain markets. She said the benchmarks would allow DeFi and traditional finance (TradFi) developers to build more dependable onchain applications across derivatives, tokenized assets, and related products.

Johann Eid, Chief Business Officer at Chainlink Labs, said the integration demonstrates that serious financial infrastructure on blockchains requires a security-first approach at the data layer. He framed the move as part of a broader build-out of programmable market infrastructure, as institutional finance and DeFi continue to converge.

Chainlink’s role in the arrangement is to handle data delivery, decentralization, and reliability — abstracting the infrastructure layer so developers can build without managing those systems directly. The company says it has processed tens of trillions in transaction value since launch and currently secures the majority of decentralized finance by volume.

The Datalink integration follows a pattern of deepening ties between the two companies. Coinbase recently selected Chainlink’s Cross-Chain Interoperability Protocol as its exclusive interoperability provider for Coinbase Wrapped Assets, and the Base- Solana bridge went live, secured by the same protocol.

Tokenized real-world assets and structured onchain products have been among the fastest-growing areas in crypto. Both require consistent, institution-quality pricing data to function at scale. The availability of Coinbase’s datasets through Chainlink’s infrastructure expands what developers can build in those categories.

Chainlink’s enterprise partners include Swift, Euroclear, Mastercard, Fidelity International, UBS, and S&P Dow Jones Indices. On the protocol side, its infrastructure supports Aave, Lido, GMX, and others.

Access to Coinbase’s datasets through Datalink is available to developers now. Neither company has publicly detailed pricing tiers or usage limits.

FAQ 🔎 What is Chainlink Datalink? Datalink is Chainlink’s institutional-grade data publishing service that delivers premium exchange datasets directly to onchain markets. What Coinbase data is now available onchain? Developers can access order book data, spot prices, perpetual futures, E-mini futures, and datasets covering crypto, metals, energy, and equity futures. Why does onchain exchange data matter for DeFi? Reliable, institutional-quality pricing helps DeFi protocols price derivatives accurately, manage lending risk, and support tokenized asset markets. Is Coinbase using Chainlink for anything else? Yes — Coinbase has selected Chainlink CCIP as its exclusive interoperability provider for Coinbase Wrapped Assets and uses it to secure the Base- Solana bridge.

TL;DR

Visa has joined the Canton Network as a Super Validator, gaining a direct role in governance and signaling deeper engagement with blockchain infrastructure. The company’s proposal was approved within 3 days, marking its first formal participation in onchain governance. Canton’s privacy-focused design and institutional backing position it as a bridge between traditional finance and crypto-based settlement systems.
Visa enters blockchain governance through its new Super Validator role on the Canton Network, expanding its presence beyond payments into infrastructure and decision-making layers. The move reflects how major financial firms increasingly integrate with distributed systems while maintaining regulatory alignment.

Visa Expands Role In Canton Governance Visa’s approval as a Super Validator gives it voting power and influence over protocol-level decisions within Canton. The application, submitted and approved within 3 days, represents the firm’s first internal governance proposal tied to a blockchain network.

The company stated it aims to bring its operational standards into a blockchain environment designed for institutional use. By participating directly in validation and governance, Visa aligns its payment expertise with onchain settlement systems rather than treating them as separate initiatives.

Canton currently counts more than 40 Super Validators among over 800 validators, with participants including major financial institutions and crypto-native firms. Validators collectively generate around $2.3 million in daily fees, reflecting steady network activity.

Inside Canton Network And Institutional Adoption The Canton Network operates as a public Layer 1 blockchain with built-in privacy features, allowing institutions to transact without exposing sensitive data. This structure differs from networks like Ethereum, where transparency is the default, making Canton more suitable for regulated entities handling confidential transactions.

Backers include firms such as Goldman Sachs, BNP Paribas, and the Depository Trust & Clearing Corporation, alongside crypto companies like Circle and Paxos. The network uses a more controlled validator model, improving settlement speed and finality while maintaining open development access.

Visa plans to integrate Canton into its broader strategy, including stablecoin settlement and treasury operations. The company has already launched stablecoin-backed payment cards in over 100 countries and continues to support cross-border settlement using digital assets.

Recent progress also points to growing interoperability. A startup demonstrated atomic swaps between Canton and EVM-compatible chains, opening the door for applications built on Ethereum to interact with Canton’s infrastructure.

In the near term, Visa’s participation may support broader institutional adoption of blockchain-based settlement, particularly in environments that require privacy and compliance.

In brief Nearly $15 billion in Bitcoin options contracts expire on Deribit Friday, representing 40% of BTC open interest on the exchange. A diplomatic window tied to Trump's postponement of strikes on Iranian power plants expires in near-lockstep with Friday's options settlement. Analysts expect an orderly expiry but warn that post-settlement price action and elevated volatility could drive weekend moves. There's nearly $15 billion worth of Bitcoin options contracts expiring on derivatives exchange Deribit on Friday.

That represents nearly 40% of the $36.5 billion worth of BTC open interest currently on the exchange. The derivatives exchange was acquired by Coinbase in a $2.9 billion deal in 2025, but still operates as Deribit.

Jean-David Pequignot, the derivative exchange's chief commercial officer, said the platform will see $17 billion total in options expire tomorrow, which includes Bitcoin and Ethereum. He flagged that geopolitical forces are timed to spike volatility on Friday.

"Bitcoin’s recent surge back toward $71k was catalyzed by President Donald Trump’s decision to postpone strikes on Iranian power plants for five days," he told Decrypt. "This diplomatic window expires almost perfectly in tandem with Friday’s options expiry, exacerbating a localized volatility kink in the term structure."

Even so, Pequignot added that Deribit options data suggests traders have been steadily de-risking ahead of Friday's expiry. The Deribit executive said the exchange has witnessed "an implied volatility compression" with both BTC and ETH contracts.

"This suggests the market is pricing in a controlled expiry rather than an immediate explosion in volatility," he said.

On Wednesday afternoon, total Bitcoin open interest had reached $112 billion after having climbed 8% in the past day, according to derivatives analytics platform Coinglass. The platform aggregates Bitcoin derivatives data from 24 different exchanges, including Deribit, CME, Binance, OKX, and ByBit.

Nexo analyst Iliya Kalchev told Decrypt he agrees traders should expect a "relatively orderly settlement."

"The more interesting question is arguably what happens after—once the options overhang clears, price tends to find its own footing, and some additional activity heading into the weekend would not be surprising," he added. 

It's sometimes been the case that large expiries, like in September 2025, set the stage for big weekend moves that ripple into the following week. Heading into that expiry, the 30-day Bitcoin volatility had dropped to 0.88%, according to BitBo. But within a week, the metric had jumped to 1.14% and then stayed in up-only mode and peaked above 2% by the end of the month after a $19 billion liquidation wipeout triggered a BTC crash.

More recently, 30-day Bitcoin has remained elevated. As of Wednesday afternoon, the metric was at 2.23%. Despite heightened volatility, there are still some encouraging signs coming from markets, Kalchev said.

"The broader context, however, is Bitcoin's resilience around $70,000," he said. "Holding this level through a period of genuine macro uncertainty—geopolitical tensions, equity market softness, and energy market volatility—reflects reasonably solid spot demand and longer-term holder steadiness."

For traders timing bets on BTC climbing higher, they should watch for ETF flows and on-chain accumulation, Kalchev added, "signs that fresh capital is coming in rather than existing participants simply rotating."

As of Wednesday afternoon, Bitcoin was changing hands for $70,912.18 after having gained 2.3% in the past day, according to crypto price aggregator CoinGecko.

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Cardano founder Charles Hoskinson has taken to the X social media network to tout a new partnership between privacy-focused blockchain Midnight and UK-regulated Monument Bank as one of the ecosystem's largest deals to date. 

Hoskinson has projected that it could potentially drive billions in total value locked (TVL).

Monument Bank announced it will become the first UK-regulated financial institution to tokenize retail customer deposits on a public blockchain. 

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For this purpose, it will be using Midnight, which is a privacy-focused network developed within the Cardano ecosystem. 

The £250 million starting lineThe rollout of the integration will have three phases. It will begin with a target of £250 million in tokenized retail deposits.

These digital tokens will correspond one-to-one with actual fiat funds held at the bank. 

According to the announcement, the deposits will remain fully backed, redeemable in British pounds (GBP). They will be protected under existing UK regulatory frameworks overseen by local regulations. 

Data privacy has been viewed as a key hurdle to blockchain adoption within the banking sector. 

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It is worth noting that Midnight's architecture uses zero-knowledge cryptography to shield transaction data. In such a way, sensitive financial information remains confidential and accessible only to authorized participants.

Access to private banking tools Monument Bank plans to expand its on-chain offerings to bring exclusive financial tools to the retail market. The bank plans to introduce tokenized real-world asset (RWA) investments managed by global asset managers.

The final phase will introduce Lombard-style lending. This will make it possible for retail customers to borrow cash against the value of their investments within the app. This type of credit facility used to be available only for high-net-worth private banking clients.

Monument Bank, which launched commercially in 2022, currently manages approximately £7 billion. It boasts more than than 100,000 customers. 

XRP has moved above the market-cap bar set in Russia’s draft crypto bill, placing it among large digital assets that meet the proposal’s size requirement based on current data.

CoinCodex places XRP’s market value near $86 billion on March 25, well above the bill’s quoted threshold of roughly 5 trillion rubles, or about $60 billion. Current summaries of the Russian draft still identify Bitcoin, Ether, and Solana as the tokens that satisfy the broader standard now under discussion.

XRP Clears the Bar as Russia Narrows the FieldXRP token now sits above the bill’s market-cap threshold based on live market data. That matters in a framework designed to admit only large, liquid assets into Russia’s proposed domestic trading regime. By that measure alone, XRP belongs in the conversation about assets large enough to be reviewed under the draft.

Still, the draft does not rely on market value alone. Reports on the bill say the screening process also includes a two-year average daily trading volume test of about 1 trillion rubles, or roughly $12 billion, along with a multi-year public trading record. Current coverage of the proposal names BTC, ETH, SOL, and XRP as the assets that meet those broader benchmarks.

At the time of reporting, XRP traded at $1.41 after posting a 1% gain over the past 24 hours. XRP's 24-hour trading volume surged by over 4% to $2.16 billion.

XRPUSD 1-Day chart | Source: CoinCodex

Russia’s Draft Points to a Controlled Crypto MarketRussia’s proposed “Digital Currency and Digital Rights” framework would give the Bank of Russia authority to approve which digital assets may circulate in the domestic market. That would move the country closer to a regulated trading structure after years of mixed signals on how crypto should fit into the financial system. The draft has advanced through the government commission stage ahead of parliamentary review.

The draft’s structure shows that Russia is not opening the door to the full crypto market. It is building a narrow channel for a short list of large assets with deep liquidity and long trading histories. That is why BTC, ETH, SOL and XRP remain the main reference points in coverage of the bill.

Retail Caps and Privacy Coin Restrictions The bill also sets limits on who can buy and what can be traded. Reports say retail investors would face an annual purchase cap of about $4,000, while privacy-focused coins could be blocked from the approved market. That approach keeps the framework focused on monitored trading rather than broad access across the sector.

For XRP, that structure matters because the asset already has the size to stay in view as regulators define which tokens belong in a legal domestic market. 

Russian lawmakers are working toward a midyear deadline for the core framework, with current reports pointing to parliamentary review by July 1, 2026. That timeline keeps attention focused on the next official text, in which the final treatment of eligible assets, licensing rules, and enforcement measures should become clearer.

Recently, XRP price traded within a tight range as rare calm emerged and Binance's volatility fell to its lowest level of 2026. The drop in volatility signaled a compression phase, while steady buyer support around key levels kept attention focused on a possible breakout.

Until then, XRP stands above the bill’s stated size threshold, making it one of the notable large-cap assets in the discussion around Russia’s planned crypto market. 

TLDR: Hyperliquid HIP-3 recorded a $5.4 billion all-time high in perpetual trading volume on March 23, 2025. Silver led all assets with $1.3 billion in volume, followed by WTI Crude Oil at $1.2 billion on that day. Brent Crude Oil and gold added $940 million and $558 million, making commodities the dominant trading category. HIP-3 is establishing product-market fit as an on-chain venue for commodity and macro derivatives trading. Hyperliquid HIP-3 recorded an all-time high in perpetual trading volume on March 23. Total volume reached $5.4 billion in a single day, based on Artemis data.

The milestone marks a notable shift in how traders are using the protocol. Commodities and macro assets drove the bulk of that activity. Silver, crude oil, and gold led the volume charts on that day.

Commodities Dominate HIP-3 Trading Volume Silver topped the leaderboard with $1.3 billion in volume on March 23. WTI Crude Oil followed closely, recording $1.2 billion in trades on the same day.

Brent crude oil came in third with $940 million in total activity. Gold also posted $558 million, adding to the commodity-heavy trading picture on HIP-3.

The Nasdaq and S&P 500 contributed $370 million and $271 million, respectively, to the overall total. Together, these macro instruments accounted for a large share of the day’s recorded volume.

The data shows traders are actively using HIP-3 to access traditional financial market exposure. This range of assets reflects the growing breadth of the platform’s appeal.

Artemis data confirmed the record was achieved in a single trading session on March 23. The performance points to rising demand for commodity and macro derivatives on-chain.

HIP-3 just printed another ATH in perp volume

here is what people are trading:
– Silver: $1.3B
– WTI Crude Oil (CL): $1.2B
– Brent Crude Oil (BRENT): $940M
– Gold: $558M
– Nasdaq: $370M
– S&P500: $271M

Total: $5.4B on Mar 23

HIP-3 are finding their product market fit through… pic.twitter.com/RvCZlXQZH3

— ZJ (@0xslayerrrr) March 24, 2026

HIP-3 is emerging as a preferred venue for traders reacting to real-world asset price movements.

HIP-3 Finds Product-Market Fit in Macro Trading The record volume follows a pattern of macro news events driving activity on Hyperliquid HIP-3. Traders appear to use the platform to quickly respond to commodity price changes. This behavior mirrors how professional macro traders typically operate in traditional financial markets.

The trading breakdown shows a clear preference for assets tied to global economic developments. Silver and crude oil alone accounted for over $3.4 billion of the total recorded volume.

That concentration around commodity assets points to a specific trader behavior forming on the platform.

Artemis data supports the view that trading patterns are closely tied to macro news cycles. The platform is gaining traction among traders who monitor global economic developments closely. As macro activity grows, HIP-3 is positioning itself as a key on-chain venue for commodity derivatives.

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David Pokima

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David Pokima

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David is a finance journalist and a contributor to Cryptonews.com with a keen interest in breaking comprehensive, accurate, and reliable blockchain news.

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Brent crude has slid toward $116 per barrel, while Today gold rebounds toward $4,550, a divergence that has historically served as one of the clearest diagnostic signals of stagflation. Top analysts framing this as a revived safe-haven bid capture the mechanics: energy falls on demand destruction, bullion rises on inflation fear, and the combination compresses every asset class that depends on either growth or purchasing power stability.

The $BTC CVD indicator shows buying by whales.

They are increasing their buying, and $BTC is rising gradually.

There are no large sell walls. Significant volatility could occur if whales start buying in earnest. pic.twitter.com/Vf2tOUbM3n

— CW (@CW8900) March 25, 2026 Bitcoin is trading at $71,043 at the time of this analysis, recovering from a test of $70,000 support after ETF outflows hit $708 million in a single week on hawkish Fed positioning at 3.50%–3.75%. The stagflation crypto thesis is no longer speculative; it is playing out in real time across commodity and digital asset markets.

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Today Gold Surges as Oil Slips: Is This the Stagflation Tell Markets Feared?(Source – Gold Vs Oil Ration, Macro Trends)

The Gold vs Oil ratio has spiked sharply, a move that historically coincides with regime shifts rather than routine corrections. When oil falls due to recession fear, while gold rises due to currency debasement anxiety, markets are not pricing two independent events. They are pricing a single macro condition: slowing output, sticky inflation, and collapsing confidence in central bank credibility.

The 1970s episode remains the reference point. During that decade’s stagflation cycle, gold appreciated by more than 2,000%, while oil-linked equities eventually cratered amid a demand collapse. Bloomberg analysts note a similar pattern of divergence is re-emerging, with gold’s current trajectory reflecting what they describe as structural safe-haven rotation rather than a tactical trade. The Brent decline of roughly 8% over recent weeks against gold’s concurrent push toward all-time highs near $4,550 reinforces that framing.

What makes the current setup more acute is the Fed’s position. Rates held at 3.50%–3.75% signal the central bank is not prepared to sacrifice inflation control to defend growth, the textbook stagflation trap. Fiat-denominated assets absorb both sides of that squeeze. Hard-capped assets do not. That distinction is driving the capital rotation visible in both gold’s sustained climb and the crypto market’s underlying accumulation data.

Does Bitcoin Decouple From Oil and Track Gold in a Stagflation Regime?(Source – Zerocap)

On-chain accumulation data from Zerocap’s weekly market wrap shows massive underlying BTC buying even as ETF outflows registered surface-level bearish sentiment. That divergence — institutional paper selling while spot wallets accumulate — is a structural tell. Bitcoin is beginning to mirror gold’s behavior rather than oil’s, consolidating its Digital Gold narrative in real time.

The BTC/Gold ratio has remained remarkably stable amid recent volatility, a stark divergence from the correlation patterns that dominated 2022, when BTC tracked risk assets lower alongside equities. Fortune data confirms Bitcoin’s recovery to $71,043 is occurring in an environment where traditional risk-on assets remain under pressure, suggesting the decoupling thesis is gaining structural support rather than just narrative momentum.

Strategy, Metaplanet, and American Bitcoin Corp have all deepened BTC treasury positions through this cycle. Smart money is not treating Bitcoin as a risk-on speculative asset, it is treating it as a fixed-supply hedge against the exact macro regime now unfolding. As capital rotates toward digital scarcity, the next wave of appreciation may not stop at Bitcoin mainnet.

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Bitcoin Hyper Targets Digital Gold Upside as Stagflation Pressure Mounts

As Bitcoin cements its role as a stagflation hedge, capital is beginning to flow into infrastructure plays designed to unlock its programmable potential. Enter Bitcoin Hyper, the first Bitcoin Layer 2 integrating the Solana Virtual Machine (SVM), built to deliver near-zero-cost microtransactions, DeFi applications, and tokenized real-world assets with seconds-level finality, all settled on Bitcoin L1 security.

The Bitcoin Hyper presale has raised over $28 million with daily inflows averaging approximately $50,000, placing the current token price at $0.01367750 against a total supply of 1,000,000,000 HYPER. Staking is live during the presale with an APY of approximately 41%, designed to bootstrap network security and reward early liquidity providers before exchange listings trigger Phase 2.

The BTCHyper investment case aligns closely with the stagflation thesis. Bitcoin’s fixed supply is the macro argument. Bitcoin Hyper’s SVM execution layer, using a Bitcoin Canonical Bridge for cross-chain wrapped BTC, is the infrastructure that makes that argument programmable. Analysts projecting 2026 highs between $0.10 and $0.50 are pricing in Layer-2 adoption, DeFi integrations, and the same institutional BTC tailwind that is driving mainnet accumulation right now.

Investors tired of commodity whiplash are increasingly researching the Bitcoin Hyper presale as the next growth frontier. With stagflation crypto positioning accelerating and the Digital Gold narrative finding fresh macro confirmation, the window at $0.01367750 is priced for early movers, not latecomers.

Join the Bitcoin Hyper Presale Now

Crypto is a high-risk asset class. This article is provided for informational purposes only and does not constitute investment advice. Always DYOR.

Solana (SOL) extended its early-year rebound on Tuesday UTC, with traders increasingly focused on whether the token can decisively clear the ‘$100’ mark—a level widely viewed as a psychological inflection point for near-term momentum and risk appetite across large-cap altcoins.

As of Tuesday 1:00 a.m. UTC (9:00 p.m. Monday ET), SOL traded at $92.24, up 3.45% over the prior 24 hours. Solana’s market capitalization stood near $52.7 billion, holding the No. 7 spot among cryptocurrencies by market value. While 24-hour trading volume slipped 1.00% to about $4.09 billion, the token remained higher on broader timeframes, posting gains of 3.69% over the past week and 16.75% over the past month—signs that buyers have regained control after a weak start to the year.

Market observers say Solana is moving through a transition phase in which ‘institutional demand’ and infrastructure upgrades are beginning to matter more than the retail-driven bursts that previously dominated network activity. One of the clearest signals has been a noticeable rise in net inflows into exchange-traded fund (ETF) products tied to the Solana ecosystem, a trend that suggests professional allocators are increasing exposure even as overall crypto markets remain relatively range-bound.

From a technical perspective, analysts are watching a set of well-defined levels. In a bullish scenario, SOL would first reclaim its March 4 high of $94.01 and then attempt a sustained break above ‘$100’. If that ceiling gives way, the next resistance zone is expected around $116.94 to $117.13, an area associated with prior lows formed between December and late January—levels that can re-emerge as supply once price revisits them.

Downside risk remains in play, however. A drop below the March 23 low of $85.11 could open the door to a retest of roughly $80.29, the early-March low. In the near term, sentiment is viewed as constructive as long as SOL holds above $85.11; over a medium-term horizon, positioning is described as neutral with a bullish tilt above the February 24 low of $75.68.

Beyond price action, Solana’s ecosystem is leaning into enterprise readiness. The network recently rolled out the Solana Developer Platform (SDP), positioned as an AI-assisted toolkit that allows companies and financial institutions to build and launch Solana-based financial products through integrated APIs. The pitch is straightforward: consolidate infrastructure, reduce integration friction, and help institutions enter the market in a manner designed to be efficient, scalable, and compliant.

Compliance specialist TRM Labs deepened its partnership with the Solana ecosystem by serving as a compliance infrastructure provider for the new platform, a move that market participants interpret as a bid to reduce one of the key barriers to institutional adoption—operational and regulatory risk management.

Separately, approval of a new ‘p-token’ standard has been framed as another step toward improving throughput efficiency and lowering transaction costs. While the initiative is technical by nature, lower fees and smoother transaction handling can translate into improved user experience and more predictable costs for businesses—two factors that often shape long-term competitiveness among smart contract networks.

Still, Solana is not without headwinds. Industry-wide talent shifts have raised concerns about slowing developer participation, with AI-focused projects attracting a growing share of engineering resources. At the same time, the cooldown in memecoin trading—previously a notable driver of bursts in on-chain activity—has reportedly contributed to softer network engagement and reduced transactional churn.

Even so, analysts argue that Solana’s structural trajectory remains constructive. Rising institutional interest, ETF-linked inflows, and continued protocol-level refinement suggest the network is attempting to build a more durable growth foundation—less dependent on short-lived retail manias and more aligned with sustained product development and capital markets integration.

Supply metrics highlight another distinctive feature: SOL has no capped maximum supply. Circulating supply is estimated at around 572.26 million SOL, while self-reported circulating supply is about 525.24 million SOL. Total supply is roughly 623.06 million SOL, a structure that places greater emphasis on token economics, staking dynamics, and network usage in shaping long-term valuation narratives.

With the broader crypto market settling into a more stable regime, Solana’s next decisive test is likely to be whether it can break and hold above ‘$100’. A clean move through that threshold could reinforce the current recovery trend, while repeated rejection may keep SOL trading within a defined range as investors weigh ecosystem progress against shifting market liquidity.

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Gold’s 21% Fall Forms 106 Year Record While Bitcoin Stabilizes At $71,000 Prefer us on Google

Gold's 10-day losing streak is the worst recorded since February 1920.Bitcoin held above $70,000 as gold shed nearly 21% from peak.A negative -0.31 correlation confirms gold and Bitcoin are now decoupling.Gold, the long-standing store of value, has recorded its worst consecutive losing streak in over a century. The yellow metal fell from $5,193 to $4,098 at its worst, a decline of nearly 21%, before recovering modestly to sit at $4,559 per ounce. 

Bitcoin (BTC), by contrast, has held its ground above $70,000 throughout the same period, increasingly displacing gold as the preferred safe-haven asset for a new generation of investors.

Gold Forms History, Not In The Best Way ThoughBloomberg ETF analyst Katie Greifeld confirmed that gold’s 10-day losing streak is the longest the metal has endured since February 1920 — a 106-year record. The streak is not simply a technical pullback. It represents a fundamental reassessment of gold’s role in the current macro environment.

At its worst, the drop represented a loss of nearly 21% from peak to trough, a magnitude of decline that rattled institutional holders and retail investors. Gold ETFs, including the SPDR Gold Trust and iShares Gold Trust, both recorded billions of dollars in outflows during the streak. In direct contrast, Bitcoin ETFs absorbed approximately $2.5 billion in inflows this month, with only $140 million in net outflows year-to-date.

For long-term holders, a 21% peak-to-trough loss in an asset widely considered a “safe haven” is a significant confidence shock. The speed of the decline, concentrated in just 10 trading days, suggests this was not a slow rotation but a sharp repricing event.

Gold vs BitcoinGold’s early 2026 run looked promising. The metal climbed steadily in January and February as geopolitical tensions in the Middle East escalated. Bitcoin, however, mounted a quieter recovery during the same stretch, holding support and building toward $70,000 while gold attracted the headlines.

The pivot came when those same geopolitical tensions stopped acting as a catalyst for gold. The Federal Reserve’s hawkish hold at its March 18 meeting, maintaining rates at 3.5%–3.75% and signaling just one rate cut for all of 2026, removed gold’s primary monetary tailwind. 

Rising oil prices above $108 per barrel on Brent added to cost-push inflation concerns, further strengthening the dollar and weighing on a non-yielding asset. Bitcoin, unburdened by the same interest-rate sensitivity, held its footing.

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

Gold vs Bitcoin Performance & Correlation. Source: TradingViewThe result is a measurable divergence. Gold and Bitcoin now carry a negative correlation of -0.31, meaning the two assets are actively moving in opposite directions. A reading of this magnitude signals that common macro drivers no longer govern both. 

Bitcoin’s relative resilience to the same pressures that crushed gold suggests its price is increasingly shaped by distinct demand dynamics. This includes ETF inflows, institutional accumulation, and store-of-value positioning, rather than the interest-rate calculus that dominates gold trading.

Gold Begins RecoveryGold price sits at $4,559 per ounce on March 25 after recovering from its lowest point of $4,098, which it touched during the 10-day streak. That low represented a 21% loss from the $5,193 high reached earlier in the streak. The bounce from the 200-day moving average near $4,100 provided a technical floor, and the current price reflects roughly a 15% net loss from the prior peak, a partial recovery, but not a reversal.

Gold Price Analysis. Source: TradingViewProminent commentator Peter Schiff has drawn comparisons between current conditions and the 2008 global financial crisis, pointing to the combination of an energy shock, a hawkish Fed, and forced liquidations as parallels. 

Schiff’s historically bullish stance on gold leads him to view this correction as a buying opportunity rather than a structural breakdown. 

In the early months of the 2008 GFC, gold crashed 32%, about 40% of its prior bull-market gain. After gold bottomed, it surged 178% over the next three years. Gold nearly hit $4,100 today, down 27%, about 40% of its gain since $2K. A 178% surge from that low puts gold at $11,400.

— Peter Schiff (@PeterSchiff) March 23, 2026 J.P. Morgan and Deutsche Bank have both maintained their year-end 2026 price targets at $6,300 and $6,000 per ounce, respectively — neither bank has revised those targets following the recent selloff.

Whether gold reclaims those targets depends significantly on the trajectory of the U.S.-Iran conflict. President Trump ordered a halt to strikes on March 24, citing productive negotiations, but the situation remains unresolved. Veteran trader Peter Brandt has maintained a forecast of gold reaching a new all-time high in 2027.

If the ceasefire holds and inflation expectations moderate enough to prompt Fed rate cuts later this year, the structural case for gold, supported by three consecutive years of central bank buying, may reassert itself well before Brandt’s 2027 timeline.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Ethereum moved back above the $2,150 level on the daily chart shared by Ted Pillows on X, putting a key support zone back in focus after a sharp earlier drop. The chart marked that area as an important reclaim point, while also outlining several possible paths for price in the coming sessions.

According to the chart, ETH recovered from a deeper selloff and returned to the green support band near $2,150. That zone now stands as the first level to hold. If buyers defend it, the chart points to a possible move higher toward the next resistance area around $2,400. Above that, another resistance zone appears near $2,624.

Ethereum Daily Support and Resistance Levels: Source: Ted Pillows on X

The chart also showed that Ethereum remains below heavier overhead resistance despite the rebound. As a result, the recovery does not confirm a full trend reversal yet. Instead, it suggests that ETH is trying to stabilize after a breakdown and is now testing whether support can hold.

Ted Pillows linked the move to market reaction around reported ceasefire discussions involving the United States and Iran. He also argued that market expectations may be leaning too heavily in one direction. In that view, Ethereum’s reclaim of $2,150 matters more on the chart than any single headline.

At the same time, the chart stayed cautious. White projected paths on the image showed both upside and downside scenarios from the current area. One path suggested ETH could climb into the $2,400 zone before facing rejection. Another showed a break lower from $2,150, which could send price back toward the next support regions near $1,760 and even $1,540.

That left Ethereum at an important decision point. The reclaim of $2,150 improved the short term structure, but the chart still showed major resistance above and downside risk below. For now, the setup points to a key test of whether ETH can turn that reclaimed level into stable support before any larger move develops.

Ethereum Chart Sets $2,500 as First Breakout Target, $4,750 as Higher ObjectiveA daily ETH/USDT chart shared by Satoshi Flipper on X outlined a bullish roadmap that starts with a move toward $2,500 and then points to $4,750 as the larger target. The setup showed Ethereum trading inside a descending channel for months, while recent price action began pressing against the upper boundary.

Ethereum Daily Descending Channel Target: Source: Satoshi Flipper on X

According to the chart, Ethereum formed a smaller rising structure near the lower end of the broader downtrend channel. That pattern suggested buyers were trying to build momentum after the earlier decline. As a result, the first key test now sits near the channel breakout area around $2,500.

The chart marked that level as the initial upside objective. A move into that zone would mean Ethereum has pushed through nearby resistance and challenged the upper trendline of the larger descending channel. Until that happens, the bullish path remains a projection rather than a confirmed breakout.

Beyond that, the chart pointed to $4,750 as the larger target if Ethereum breaks out and sustains a broader trend reversal. That level aligned with a previous high area marked on the chart. In that structure, $2,500 acts as the first confirmation zone, while $4,750 represents the longer term objective.

At the same time, the setup still depends on follow through. Ethereum remained inside the broader downward channel on the chart, which means resistance has not been fully cleared yet. Therefore, the immediate technical focus stays on whether buyers can force a breakout above the current channel ceiling.

Overall, the chart presented a two step bullish scenario. First, Ethereum would need to reclaim $2,500. Then, if momentum holds and the broader structure flips, the path could open toward $4,750. Until the breakout happens, those levels remain targets tied to a still developing setup.

Ether’s (ETH) liquid supply on the Ethereum network continues to tighten, with exchange netflows, rising staking participation, and declining exchange reserves all pointing to a shrinking pool of readily available tokens. 

Analysts suggest this supply contraction may mark the early stages of a “new phase,” potentially establishing a stronger structural price floor for ETH in the market cycles ahead.

ETH staking locks in 33.1% of the circulating supply Ethereum’s staking share continues to rise, with about 38.1 million ETH locked on Wednesday, equal to roughly 33.1% of the total supply. Staking infrastructure provider Everstake noted that this is the highest level recorded, marking a steady shift toward illiquid capital rather than tradable inventory. The staking platform said, 

“This steady reduction in liquid supply, combined with ongoing demand, creates the conditions for a structurally stronger price environment.”Total ETH staked. Source: ValidatorQueueCrypto analyst Gaah added that this scale of locked ETH creates a visible contraction in the liquid supply.

The ETH validator activity reinforces this trend. The entry queue holds 2,876,752 ETH with an estimated wait time of nearly 50 days, signaling sustained demand to stake. 

ETH validator activity. Source: ValidatorQueueIn contrast, the exit queue contains only 40,504 ETH, with a wait time under 17 hours. The churn rate, capped at 256 validators per epoch, limits how quickly supply can re-enter circulation. This indicates that even if sentiment shifts, unlocking the supply takes time.

Such conditions slow the pace at which ETH can return to exchanges, leaving a significant portion of the supply inactive for trading.

ETH exchange balances hit multi-year lowsETH exchange flows have shown consistent outflows across major venues over the past few weeks. Crypto analyst Amr Taha highlighted a $1.67 billion ETH withdrawal from OKX on March 22. Likewise, Binance recorded two separate outflows above $300 million in early February. 

ETH exchanges netflow. Source: CryptoQuantThe large negative netflows signal that ETH is moving away from exchanges rather than being positioned for sale.

Multiple exchanges reporting sizable withdrawals above, point to a broader contraction in exchange-held supply. The lower balances reduce immediate selling pressure from traders and tighten the available liquidity for spot markets.

Ether exchange reserves on Binance. Source: CryptoQuantCryptoQuant data shows the ETH supply on exchanges has fallen to its lowest level since 2016, with Binance-specific balances currently sitting near its December 2020 lows of roughly 3.3 million ETH.

With fewer coins available for trading, the price sensitivity to demand increases, which may allow ETH to move strongly above its current range near $2,000 to $2,200, once momentum returns. 

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

TLDR: BitGo extends its Canton Network infrastructure to support CIP-56 token standard assets including USDCx and cBTC. The CIP-56 standard offers privacy-preserving transfers and atomic settlement tailored for regulated financial institutions. Canton Network now processes over $350 billion in on-chain assets daily, reflecting rapid institutional blockchain adoption. BitGo, the largest Bitcoin custodian globally, is expanding qualified custody across Canton’s growing financial ecosystem. BitGo has announced support for CIP-56 token standard assets on the Canton Network, adding USDCx and cBTC to its qualified custody platform.

This move builds on the company’s October 2025 launch of Canton Coin custody. The Canton Network now processes over $350 billion in on-chain assets daily.

The expansion positions BitGo as a key infrastructure provider for institutions operating within Canton’s growing financial ecosystem.

CIP-56 Brings Institutional-Grade Features to Canton The CIP-56 token standard functions similarly to ERC-20 on Ethereum, providing a common interface for wallets, custodians, and applications.

However, it includes additional capabilities tailored to regulated financial markets. These features make it more suitable for institutions handling large-scale transactions.

The standard supports privacy-preserving transfers, which protect sensitive trading data during settlement. It also enables atomic Delivery-vs-Payment settlement, reducing counterparty risk across transactions.

Multi-step transfers allow administrators to control asset movement between approved parties. Together, these features create a compliant, composable environment for real-world assets moving on-chain.

Deterministic finality within seconds and predictable transaction costs further support institutional workflows. These qualities are critical for organizations managing large volumes of trades or settlements.

By integrating CIP-56, BitGo can now support any asset issued under this standard across the Canton Network. This reduces friction for institutions seeking custody solutions on the platform.

BitGo has expanded its @CantonNetwork infrastructure to support CIP-56 token standard assets, bringing qualified custody to USDCx, and cBTC.

BitGo has expanded its @CantonNetwork infrastructure to support CIP-56 token standard assets, bringing qualified custody to USDCx, and cBTC.

Building on the Canton Coin custody launch in October 2025, BitGo now covers stablecoins, wrapped Bitcoin, and yield-bearing instruments… pic.twitter.com/5rFSIBCK4d

— BitGo (@BitGo) March 25, 2026

Chen Fang, Chief Revenue Officer at BitGo, spoke on the growing role of the network. “Canton is rapidly becoming one of the most important networks for institutional digital finance,” Fang said.

“By supporting CIP-56 assets, BitGo provides the custody infrastructure needed for institutions to participate in Canton’s growing ecosystem.” His remarks reflect the company’s broader commitment to expanding institutional blockchain infrastructure.

Melvis Langyintuo, Executive Director and Head of the Canton Foundation, also weighed in on the development. “CIP-56 is the standard that enables interoperability across the Canton ecosystem,” Langyintuo stated.

“BitGo’s support for CIP-56 assets strengthens the network’s institutional infrastructure and makes it easier for participants to build applications and financial products on Canton.” Both statements point to a shared goal of deepening institutional access to the network.

Three Assets Mark the Start of BitGo’s CIP-56 Rollout BitGo’s CIP-56 launch covers three assets addressing different institutional needs. USDCx is a USDC-backed stablecoin issued through Circle’s xReserve protocol.

It combines dollar liquidity with Canton’s privacy architecture, making it suitable for on-chain repo settlement and other capital markets workflows. The asset is already being used in live capital markets operations.

cBTC brings Bitcoin liquidity into Canton’s financial infrastructure. The asset is fully backed 1:1 by Bitcoin, allowing institutions to use BTC for collateral, settlement, and trading.

As the largest Bitcoin custodian globally, BitGo is well-positioned to serve institutional cBTC users on the network. This makes the pairing between cBTC and BitGo a natural fit for the market.

USDXLR, issued by Excellar, generates rewards on stablecoin holdings through delta-neutral strategies. It can be used for settlement, liquidity, and collateral workflows while returning yield to holders.

This makes it attractive for institutions seeking returns on stable assets. As a CIP-56 asset, it fits within the broader Canton composable financial infrastructure.

BitGo stated it will continue expanding support for additional Canton assets as more financial institutions and tokenization platforms adopt the network.

(all amounts are in Canadian dollars)

Quarter ended January 31, 2026, net loss of $2.2 million dollars, ($0.81) per share Six months ended January 31, 2026, net loss of $3.8 million dollars, ($1.37) per share Cash as of January 31, 2026, $1.3 million; Company remains debt-free Reverse split of our common shares at ratio of sixty to one effected on January 22, 2026 Thykamine™ radiodermatitis prevention pivotal clinical study as a first priority for the Company Company continues preclinical studies for Thykamine™ in MASH and Fibrosis, furthering the understanding of Thykamine™'s mechanism of action Thykamine™: A New Player in the Field of Anti-Inflammatory Drugs published in the peer reviewed journal, Biomedicines. , /PRNewswire/ - Devonian Health Group Inc. ("Devonian" or the "Company") (TSXV: GSD) (OTCQB: DVHGF), a clinical-stage biopharmaceutical company focused on developing innovative therapies targeting fibro-inflammatory diseases, today highlighted its financial and operating results for the three and six months ended January 31, 2026.

''We are pleased with the continued momentum to execute on our priorities and readiness to advance our pipeline'', said Dr. André P. Boulet, PhD, Chief Executive Officer and president of Devonian.

Corporate Highlights

Board Appointment and CFO

On November 26, 2025, the Company announced the appointment of Mr. Pierre Labbé, CPA as Board Director. Mr. Labbé was appointed Chair of the Audit Committee effective
February 2, 2026.

On February 2, 2026, the Company announced the appointment of Mr. Dennis Turpin, CPA as Chief Financial Officer. Mr. Turpin remains on the Board of directors. He succeeded Ms. Viktoria Krasteva.

Strategic Update

Following the expiry of the Altius Healthcare LP ("Altius")  distribution agreements, the Company is transitioning toward a focused biopharmaceutical development strategy centered on Thykamine™. The Company is actively evaluating strategic alternatives for the Altius business while pursuing financing options to support its pipeline.

Steatohepatitis Associated with Metabolic Dysfunction

Metabolic dysfunction–associated steatotic liver disease progresses to metabolic dysfunction-associated steatohepatitis ("MASH"), which features inflammation, hepatocellular bloating, and subsequent worsening of fibrosis. If left untreated, MASH can progress to cirrhosis of the liver and hepatocellular carcinoma, liver failure, and death. Devonian recently completed a study investigating the effects of Thykamine™ on liver disease progression in the widely used STAM™ mouse model of MASH/fibrosis at SMC Laboratories in Japan1. In this model, diabetic mice were fed into a high-fat diet and rapidly developed fatty liver disease caused by inflammation and fat accumulation in the organ. Resmetirom, a drug approved by the U.S. FDA for the management of MASH, was used as a positive control at an oral dose of 3.0 mg/kg once daily for 3 weeks. Thykamine™ administered orally, at doses of 0.5 mg/kg, 5.0 mg/kg and 50.0 mg/kg, once daily for 3 weeks, suggest potential hepatoprotective effect preventing the progression of liver disease compared to the control (vehicle) group. The MASH study demonstrates that Thykamine™ has anti-inflammatory and anti-fibrotic effects with the potential to target the underlying pathology of the disease and thus halt the progression of the disease. Further studies are ongoing to highlight the potential of Thykamine™ to be used in the treatment of MASH.

Reference:

1 In Vivo Efficacy Study of ThykamineTM in STAMTM Model of Metabolic dysfunction-associated steatohepatitis. SMC Laboratories Inc. Jan 2025.

Financial Highlights

Net Loss and Comprehensive Loss

For the three months ended January 31, 2026, the net loss and comprehensive loss was
$2.2 million, $0.81 per share, compared to a net loss of $0.2 million, $0.09 per share, for the same period in 2025. This increase of $2 million in net loss and comprehensive loss is primarily due to lower distribution revenues resulting from the previously announced Dexlansoprazole expiry of its distribution agreement in April 2025. The lower distribution revenues reduced the comparative gross margin by $2.6 million partly offset by lower operating expenses of $0.2 million and lower income tax expenses of $0.4 million.

For the six-month periods ended January 31, 2026, the net loss and comprehensive loss was $3.8 million, $1.37 per share, compared to a net loss and comprehensive loss of $0.8 million, $0.36 per share, for the same period in 2025. This increase of $3 million in net loss and comprehensive loss is primarily due to lower distribution revenues resulting from the previously announced Dexlansoprazole expiry of its distribution agreement in April 2025. The lower distribution revenues reduced the comparative gross margin by $4.0 million, partially offset by lower operating expenses of $0.7 million and lower income tax expenses of $0.4 million net of lower interest income of $0.1 million.

In August 2025, Altius, which is ultimately owned by Devonian, was informed that the distribution agreement for Pantoprazole Magnesium would not be renewed after its expiry date of April 23, 2026.

Altius continues to sell Cleo-35® while Pantoprazole magnesium will end generating revenue post April 23, 2026. Distribution revenues will be driven by Cleo-35®, a product to treat hormonal acne in women.

Liquidity and Cash Flows

As of January 31, 2026, the Company had cash and cash equivalents totaling $1.3 million compared to $7 million as of July 31, 2025. For the six months ended January 31, 2026, the Company used $7.7 million of cash flows for its operating activities (composed of $3.2 million net loss after items not affecting cash and $4.5 million net change in non-cash working capital items), which were partially offset by the cash inflows of $2 million from two private placements completed during the same period. The Company is debt- free.

To consult the Interim Consolidated Financial Statements and the Management's Discussion and Analysis of Financial Condition and Results of Operations for the three and the six months ended January 31, 2026 and 2025, please visit the following link: https://groupedevonian.com/investor-center/financial-reports/ or see the Company profile on SEDAR+.

About Thykamine™

Thykamine™, the first pharmaceutical product issued from Devonian's SUPREX™ platform, is a highly innovative product for the prevention and treatment of health conditions related to inflammation and oxidative stress including ulcerative colitis, atopic dermatitis, psoriasis, rheumatoid arthritis, and other autoimmune disorders. The anti-inflammatory, anti-oxidative and immunomodulatory properties of Thykamine™ have been demonstrated by a considerable number of in vitro and in vivo studies as well as in a Phase IIa clinical study in patients with mild-to-moderate distal ulcerative colitis and in a large Phase II study in adult patients with mild-to-moderate Atopic Dermatitis. Both Thykamine™ and SUPREX™ platform are covered by patents issued in several North American, European, and Asian countries.

About Devonian

Devonian Health Group Inc. is a clinical stage pharmaceutical company specializing in the development of drugs for various auto-immune fibroinflammatory disease with novel therapeutic approaches to targeting unmet medical needs. Devonian's core strategy is to develop prescription drugs for the treatment of fibroinflammatory autoimmune diseases including but not limited to atopic dermatitis, radiodermatitis and ulcerative colitis.

Devonian is involved in the development of high-value cosmeceutical products leveraging the same proprietary approach employed with their pharmaceutical offerings. Devonian owns a commercialization unit, Altius, focused on selling prescription pharmaceutical products in Canada, under licenses from brand name pharmaceutical companies.

Devonian Health Group Inc. was incorporated in 2015 and is headquartered in Quebec, Canada where it owns a state-of-the art extraction facility. Devonian is traded publicly on the TSX Venture Exchange (the "Exchange") (TSXV: GSD) and currently quoted on the OTCQB Venture Market (OTCQB: DVHGF).

For more information, visit www.groupedevonian.com.

Cautionary Note Regarding Forward-Looking Statements

All statements, other than statements of historical fact, contained in this press release including, but not limited to those relating to the Company transitioning toward a focused biopharmaceutical development strategy centered on Thykamine™, the strategic alternatives for the Altius business, the financing options to support the Company's pipeline, the revenues driven by Cleo-35®,the completion of radiodermatitis prevention pivotal clinical study and pre-clinical studies, the potential hepatoprotective effect preventing the progression of liver disease in MASH model, anti-inflammatory and anti-fibrotic effects with the potential to target the underlying pathology of the disease and thus halt the progression of the disease; and generally, the above "About Devonian" paragraph, all of which essentially describes the Company's outlook, constitute "forward-looking information" or "forward-looking statements" within the meaning of certain securities laws (collectively, "forward-looking statements"), and are based on expectations, estimates and projections as of the time of this press release. Such forward-looking statements may be identified by the use of words such as "intends", "believes", "expects", or variations (including negative and grammatical variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", or "will" be taken, occur or be achieved.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that these assumptions will prove to be correct and there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the applicable securities regulators of Canada. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Devonian Health Group Inc.

HomeIndustriesAirlinesJetBlue reportedly hiring advisers to explore a potential dealPublished: March 25, 2026 at 4:23 p.m. ET

A JetBlue jet at Ronald Reagan Washington National Airport. The airline is reportedly exploring options to merge. Photo: AFP via Getty ImagesShares of JetBlue Airways rallied by as much as 15% on Wednesday after a report said that it has hired advisers to explore selling itself to a competitor.

Wednesday’s rally turned JetBlue shares positive for the year.

About the Author

Claudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter @ClaudiaAssisMW.

Partner Center

Gold prices are down 13% this month and on pace for the worst month since October 2008. (Brendon Thorne/Bloomberg)

Gold prices have fallen sharply in the month since the outbreak of the conflict in Iran, as have funds tracking the commodity and mining companies. But conditions are building for a breakout movement higher, according to SentimenTrader analysts.

Cyrela Brazil Realty S.A. Empreendimentos e Participações (CYRBY) Q4 2025 Earnings Call March 20, 2026 10:00 AM EDT

Company Participants

Raphael Horn - Co-President & Member of the Board of Executive Officers
Miguel Mickelberg - CFO, Investor Relations Officer & Member of the Board of Executive Officers

Conference Call Participants

Gustavo Cambauva - Banco BTG Pactual S.A., Research Division
Fanny Oreng Avino - Santander Investment Securities Inc., Research Division
Pedro Lobato Garcia Fernandes - Banco Bradesco BBI S.A., Research Division
Olavo Fleming
Elvis Credendio - Itaú Corretora de Valores S.A., Research Division
André Mazini - Citigroup Inc., Research Division
Thais Alonso
Ygor Altero - XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A., Research Division
Igor Machado - Goldman Sachs Group, Inc., Research Division
Alejandra Obregon - Morgan Stanley, Research Division

Presentation

Operator

Good morning, ladies and gentlemen. Welcome to Cyrela's Fourth Quarter 2025 Earnings Conference Call. Joining us today are Raphael Horn, CEO; and Miguel Mickelberg, CFO and IRO. This conference call is being recorded and simultaneously translated into English.

[Operator Instructions] The slide deck is also available on the company's IR website, ri.cyrela.com.br. Any statements regarding business outlook, operational and financial targets are forward-looking statements made by the management. These statements may or may not materialize. Investors should understand that political, macroeconomic and operational factors may affect future results. Actual results may differ materially from those expressed in the forward-looking statements.

To begin the conference call for the fourth quarter 2025, I'd like to turn the call over to Mr. Raphael Horn, our CEO. Please go ahead, sir. You may begin.

Raphael Horn
Co-President & Member of the Board of Executive Officers

Good morning, everyone. The year 2025 was very challenging, and it continued impacting the capital cost and the sector as a whole. This was compounded by a demanding basis for comparison as 2024 had been marked by

Q4: 2026-03-25 Earnings SummaryEPS of -$0.07 misses by $0.06

 |

Revenue of

$93.30M

(-21.09% Y/Y)

beats by $424.88K

Zhihu Inc. (ZH) Q4 2025 Earnings Call March 25, 2026 7:00 AM EDT

Company Participants

Yolanda Liu
Yuan Zhou - Founder, Chairman & CEO
Wang Han - Chief Financial Officer

Conference Call Participants

Xueqing Zhang - China International Capital Corporation Limited, Research Division
Kewei Chen - Haitong International Research Limited
Yi Jing Wei - Citigroup Inc., Research Division

Presentation

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Zhihu Inc. Fourth Quarter and Full Year 2025 Financial Results Conference Call. [Operator Instructions] Today's conference is being recorded and webcasted.

At this time, I would like to turn the conference over to you, Yolanda Liu, Head of IR and Capital Markets. Please go ahead, madam.

Yolanda Liu

Thank you, Hadi. Hello, everyone. Welcome to Zhihu's 2025 Fourth Quarter and Full Year Financial Results Conference Call.

Joining me today on the call from senior management team are Mr. Zhou Yuan, Founder, Chairman and Chief Executive Officer; and Mr. Wang Han, Chief Financial Officer.

Before we begin, I'd like to remind you that today's discussion will include forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements involve inherent risks and uncertainties. As such, actual results may be materially different from the views expressed today. Further information regarding these and other risks and uncertainties is included in our public filings with the U.S. Securities and Exchange Commission and the Hong Kong Stock Exchange. The company does not assume any obligation to update any forward-looking statements, except as required under applicable law.

Additionally, the discussion today will include both GAAP and non-GAAP financial results for comparison purpose only. For a reconciliation of these non-GAAP measures to the most directly comparable GAAP measures, please refer to our earnings release issued earlier today.

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The Annual General Meeting of AB Electrolux was held in Stockholm on March 25, 2026.

, /PRNewswire/ -- Shareholders and others had the opportunity to follow the Annual General Meeting live via Electrolux Group's website. A recording from the Annual General Meeting of the reflections by President and CEO, Yannick Fierling, on the past year and the strategy going forward will be available on Electrolux Group's website, www.electroluxgroup.com/agm2026.

The Company's Income Statement and Balance Sheet and the Consolidated Income Statement and Balance Sheet for Electrolux Group were adopted. The Board of Directors and the President and CEO were discharged from liability for the fiscal year 2025. In accordance with the Board's proposal, the Annual General Meeting resolved to not distribute any dividend for the fiscal year 2025 and that available funds will be carried forward in the new accounts.

The Annual General Meeting adopted remuneration to the Board in accordance with the Nomination Committee's proposal.

Yannick Fierling, Geert Follens, Petra Hedengran, Ulla Litzén, Torbjörn Lööf, Daniel Nodhäll, Karin Overbeck and Michael Rauterkus were re-elected as Directors of the Board, and Lena Glader and Anko van der Werff were elected as new Directors of the Board, for the period until the end of the Annual General Meeting 2027. Torbjörn Lööf was re-elected as Chair of the Board of Directors.

Öhrlings PricewaterhouseCoopers AB was re-elected as auditor for the period until the end of the Annual General Meeting 2027 and fee to the auditor will be paid as incurred.

The Board of Director's Remuneration Report for the financial year 2025 was approved.

The Annual General Meeting authorized the Board of Directors to resolve to transfer own shares on account of company acquisitions and to cover costs that may arise as a result of the previously adopted share program 2024. These authorizations are effective during the period until the Annual General Meeting 2027.

The Board's proposal for a performance based, long-term share program for 2026 was approved. Furthermore, the Annual General Meeting resolved that the company's expected financial exposure of the program shall be hedged by the company entering into an equity swap agreement with a third party.

Full details on the proposals adopted by the Annual General Meeting are available at Electrolux Group's website, www.electroluxgroup.com/agm2026.

CONTACT:

For more information:

Ann-Sofi Jönsson, Head of Investor Relations & Sustainability Reporting, +46 73 035 1005

Maria Åkerhielm, Investor Relations Manager, +46 70 796 3856

Henry Sjölin, Investor Relations Manager, +46 76 863 51 85

Electrolux Group Press Hotline, +46 8 657 65 07

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/electrolux-group/r/bulletin-from-the-annual-general-meeting-of-ab-electrolux,c4326839

The following files are available for download:

SOURCE Electrolux Group

March 25, 2026 16:30 ET  | Source: Glacier Bancorp, Inc.

KALISPELL, Mont., March 25, 2026 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc.'s (NYSE: GBCI) Board of Directors, at a meeting held on March 25, 2026, declared a quarterly dividend of $0.33 per share. The Company has declared 164 consecutive quarterly dividends and has increased the dividend 49 times. The dividend is payable on April 16, 2026, to owners of record on April 7, 2026.

About Glacier Bancorp, Inc.:

Glacier Bancorp, Inc. is the parent company for Glacier Bank and its bank divisions: Altabank (American Fork, UT), Bank of the San Juans (Durango, CO), Citizens Community Bank (Pocatello, ID), Collegiate Peaks Bank (Buena Vista, CO), First Bank of Montana (Lewistown, MT), First Bank of Wyoming (Powell, WY), First Community Bank Utah (Layton, UT), First Security Bank (Bozeman, MT), First Security Bank of Missoula (Missoula, MT), First State Bank (Wheatland, WY), Glacier Bank (Kalispell, MT), Guaranty Bank & Trust (Mount Pleasant, TX), Heritage Bank of Nevada (Reno, NV), Mountain West Bank (Coeur d’Alene, ID), The Foothills Bank (Yuma, AZ), Valley Bank (Helena, MT), Western Security Bank (Billings, MT), and Wheatland Bank (Spokane, WA).

Visit Glacier’s website at http://www.glacierbancorp.com

Contact: Randall M. Chesler, CEO
(406) 751-4722
Ron J. Copher, CFO
(406) 751-7706

 ●Q4 2025 Revenue of $25.2 million ●Q4 2025 Net loss of $4.6 million ●Q4 2025 Adjusted EBITDA loss of $0.3 million    All results are reported in United States dollars ($) unless otherwise indicated.

LAS VEGAS, March 25, 2026 (GLOBE NEWSWIRE) -- Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (“Planet 13” or the “Company”), a leading vertically-integrated cannabis company, today announced its financial results for the three-month and twelve-month periods ended December 31, 2025. Planet 13’s financial statements are prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”).

“Q4 began the turnaround we were looking for. Revenue stabilized across our footprint during a seasonally soft period, wholesale momentum returned in Nevada, and we exited the quarter with a cleaner, more focused portfolio. We still have a long way to go, but the foundation is in place and we are ready to build on it,” stated Larry Scheffler, Co-CEO of Planet 13.

“For the first time in several years, the operational and regulatory environment is moving in the same direction as our strategy. The California exit removes a persistent drag, the BHO lab positions us to compete more effectively in Florida, and the federal posture on rescheduling represents the most consequential potential shift this industry has seen. Our focus in 2026 is to reach cash flow positive and demonstrate the earnings power of this portfolio," said Bob Groesbeck, Co-CEO of Planet 13.

Financial Highlights – Q4 – 2025

Operating Results

All comparisons below are to the quarter ended December 31, 2024, unless otherwise noted

 ●Revenues were $25.2 million as compared to $30.3 million, a decrease of 16.7%. The decrease in revenue was driven by the tourist environment in Las Vegas and competition in Florida. ●Gross profit was $11.2 million or 44.6% as compared to $13.1 million or 43.2%.  ●Operating expenses were $13.1 million, as compared to $14.5 million. ●Net loss of $4.6 million as compared to a net loss of $26.4 million, which included impairment of $18.9 million. ●Adjusted EBITDA loss of $0.3 million as compared to Adjusted EBITDA of $0.0 million.     Financial Highlights – Full Year 2025

Operating Results

All comparisons below are to the full year ended December 31, 2024, unless otherwise noted

 ●Revenues were $103.4 million as compared to $116.4 million, an decrease of 11.2%. The decrease in revenue was driven by the tourist environment in Las Vegas and competition in Florida. ●Gross profit was $39.9 million or 38.6% as compared to $56.1 million or 48.2%. Gross margin declined due to weaker flower quality in Florida and increased competition and price compression. ●Operating expenses were $59.9 million as compared to $61.3 million, a decrease of 2.2%. ●Net loss of $63.9  million as compared to a net loss of $47.8 million. Net Loss included $29.8 million in non-cash impairment charges. ●Adjusted EBITDA loss of $10.1 million as compared to Adjusted EBITDA of $4.8 million.    Balance Sheet

All comparisons below are to December 31, 2024, unless otherwise noted

 ●Cash and Restricted Cash of $15.6 million as compared to $25.4 million ●Total assets of $152.3 million as compared to $206.7 million ●Total liabilities of $101.2 million as compared to $94.0 million    Q4 Highlights and Recent Developments

For a more comprehensive overview of these highlights and recent developments, please refer to Planet 13's Management's Discussion and Analysis of the Financial Condition and Results of Operations for the Three and Twelve Months Ended December 31, 2025 (the “MD&A”).

 ●On October 13, 2025, Planet 13 announced the opening of its dispensary in DeLand, Florida. ●On October 20, 2025, Planet 13 announced the opening of its dispensary in Pace, Florida. ●On February 2, 2026, Planet 13 launched a new rewards program. ●On February 12, 2026, Planet 13 announced a substantially complete exit from California.    Results of Operations (Summary)

The following table sets forth consolidated statements of financial information for the three-month and full-year periods ended December 31, 2025 and December 31, 2024.

(Figures in millions For the Three Months Ended
 For the Full Year Ended
and % change based December 31, December 31,    December 31, December 31,   on these figures) 2025 2024 change 2025 2024 changeTotal Revenue $25.2  $30.3  -16.7% $103.4  $116.4  -11.2%Gross Profit $11.2  $13.1  -14.1% $39.9  $56.1  -28.9%Gross Profit %  44.6%  43.2% 3.1%  38.6%  48.2% -20.0%Operating Expenses $13.1  $14.5  -9.6% $59.9  $61.3  -2.2%Operating Expenses %  52%  48%     58.0%  52.7% 10.1%Net Loss Before Provision for Income Taxes $(0.5) $(25.1) -98.2% $(52.3) $(35.6) 46.8%Net Loss $(4.6) $(26.4) -82.5% $(63.9) $(47.8) 33.7%Adjusted EBITDA $(0.3) $(0.0) 6324.5% $(10.1) $4.8  -309.3%Adjusted EBITDA Margin %  -1.2%  0.0%     (9.7)%  4.1%                           The Company's Annual Report on Form 10-K for the year ended December 31, 2025, is available on the SEC's website at www.sec.gov or at https://investors.planet13.com/overview/default.aspx. The Company's Management Discussion and Analysis for the year and the accompanying financial statements and notes are available under the Company's profile on SEDAR+ and on its website at https://investors.planet13.com/overview/default.aspx

This news release is not in any way a substitute for reading those financial statements, including the notes to the financial statements.

Conference Call

Planet 13 will host a conference call on March 25, 2026 at 5:00 p.m. ET to discuss its fourth quarter and full year financial results and provide investors with key business highlights, strategy and outlook. The call will be chaired by Bob Groesbeck, Co-CEO, Larry Scheffler, Co-CEO, and Steve Mclean, Interim CFO.

CONFERENCE CALL DETAILS

Date: March 25, 2026 | Time: 5:00 p.m. ET
Call Registration Link: https://registrations.events/direct/Q4I9280322

Non-GAAP Financial Measures

There are financial measures included in this press release that are not in accordance with GAAP and therefore may not be comparable to similarly titled measures and metrics presented by other publicly traded companies. These non-GAAP financial measures should be considered as supplemental to, and not a substitute for, our reported financial results prepared in accordance with GAAP. The Company includes EBITDA and Adjusted EBITDA because it believes certain investors use these measures and metrics as a means of assessing financial performance. EBITDA is calculated as net income (loss) before interest, taxes, depreciation and amortization, and Adjusted EBITDA is calculated as EBITDA before share-based compensation, the change in fair value of warrants and one-time non-recurring expenses.

The following table presents a reconciliation of net income (loss) to Adjusted EBITDA for each of the periods presented:

Reconciliation of Non-GAAP Adjusted EBITDA                      (Figures in millions For the Three Months Ended For the Full Year Endedand % change based December 31, December 31,    December 31, December 31,   on these figures) 2025 2024 change 2025 2024 change                       Net Loss $(4.6) $(26.4) -82.5% $(63.9) $(47.8) 33.7%Add impact of:                      Interest expense $(0.2) $(0.0) 369.2% $0.5  $0.3  43.1%Provision for income taxes $4.2  $1.3  220.6% $11.6  $12.2  -4.5%Depreciation and amortization $1.6  $2.3  -30.3% $7.0  $8.9  -20.5%Depreciation included in cost of goods sold $1.1  $1.3  -15.8% $4.4  $4.6  -4.5%EBITDA $2.1  $(21.6) -109.6% $(40.4) $(21.9) 84.8%Impairment losses $-  $18.9  -100.0% $29.8  $21.3  40.3%(Gain)/Loss on sale of assets $0.3  $-  0.0% $2.4  $-  0.0%Gain on property recovered in legal settlements $-  $-  0.0% $(5.1) $-  0.0%Reserve for slow moving inventory $0.0  $-  0.0% $3.6  $-  0.0%Gain on settlement of Note Payable $(1.3) $-  0.0% $(1.3) $-  0.0%Gain on early lease termination $(2.6) $-  0.0% $(2.6) $-  0.0%Professional fees expensed related to M&A activities $0.0  $0.8  -95.3% $0.3  $1.2  -71.8%Expenses related to El Capitan Matter $0.0  $0.6  -97.2% $0.7  $2.6  -72.0%Loss related to discontinued Planet 13 Florida Inc operations $-  $-  0.0% $-  $1.5  -100.0%Share-based compensation and related premiums $1.2  $1.3  -12.1% $2.3  $0.2  1195.8%Adjusted EBITDA $(0.3) $(0.0) 6324.5% $(10.1) $4.8  -309.3%  
About Planet 13

Planet 13 (https://planet13.com) is a vertically integrated cannabis company, with award-winning cultivation, production and dispensary operations across its locations in Nevada, Illinois, and Florida. Home to the nation's largest dispensary, located just off The Strip in Las Vegas, Planet 13 continues to expand its footprint with the recent debut of its first consumption lounge in Las Vegas, DAZED!, the opening of its first Illinois dispensary in Waukegan, bringing unparalleled cannabis experiences to the Chicago metro area. Planet 13 operates 30 dispensaries across Florida, a key market in its expansive footprint, bringing its total to 34 locations nationwide. Planet 13's mission is to build a recognizable global brand known for world-class dispensary operations and innovative cannabis products. Licensed cannabis activity is legal in the states Planet 13 operates in but remains illegal under U.S. federal law. Planet 13's shares trade on the Canadian Securities Exchange (CSE) under the symbol PLTH and are quoted on the OTCQX under the symbol PLNH. To learn more, visit planet13.com and follow Planet 13 on X @ShopPlanet13 and on Instagram @planet13official_.

Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are often, but not always, identified by phrases such “plans”, “expects”, “proposed”, “may”, “could”, “would”, “intends”, “anticipates”, or “believes”, or variations of such words and phrases. In this news release, forward-looking statements relate to the Company’s fourth quarter 2025 financial performance and expectations for future financial performance. Such forward-looking statements reflect what management of the Company believes, or believed at the time, to be reasonable assumptions and accordingly readers are cautioned not to place undue reliance upon such forward-looking statements and that actual results may vary from such forward-looking statements. These assumptions, risks and uncertainties which may cause actual results to differ include, among others, those assumptions, risks and uncertainties discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2025 and any of the Company’s subsequent periodic reports filed with the U.S. Securities and Exchange Commission at www.sec.gov and on SEDAR+ at www.sedarplus.ca. Forward-looking statements contained herein are made only as to the date of this press release and we assume no obligation to update or revise any forward-looking statements should they change, except as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

For further inquiries, please contact: 

LodeRock Advisors Inc., Planet 13 Investor Relations
[email protected]

Bob Groesbeck and Larry Scheffler
Co-Chief Executive Officers
[email protected]

PLANET 13 HOLDINGS INC.
Interim Condensed Consolidated Balance Sheets
(In United States Dollars) 

         December 31,  December 31,   2025  2024 ASSETS        Current Assets:        Cash $5,325,031  $23,384,493 Restricted Cash  10,250,000   2,050,584 Accounts Receivable  1,007,891   1,473,156 Inventory  18,138,394   22,821,994 Other Receivables  3,754,563   - Prepaid Expenses and Other Current Assets  2,659,056   4,568,816          Total Current Assets  41,134,935   54,299,043          Property, Plant and Equipment  34,121,678   63,511,423 Intangible Assets and Goodwill  42,903,931   48,763,931 Right of Use Assets - Operating  31,489,308   38,229,399 Long-term Deposits and Other Assets  829,164   1,033,758 Deferred Tax Asset  1,798,654   896,525          TOTAL ASSETS $152,277,670  $206,734,079          LIABILITIES AND SHAREHOLDERS' EQUITY                 LIABILITIES        Current:        Accounts Payable $7,212,187  $7,421,921 Accrued Expenses  4,632,011   7,285,415 Income Taxes Payable  159,080   139,480 Notes Payable - Current Portion  9,750,000   8,681,684 Operating Lease Liabilities  1,385,566   1,818,588          Total Current Liabilities  23,138,844   25,347,088          Long-Term Liabilities:        Operating Lease Liabilities  43,213,442   46,448,666 Other Long-term Liabilities  1,250,433   1,220,722 Uncertain Tax Positions  33,041,402   19,321,475 Deferred Tax Liability  506,836   1,682,207          Total Liabilities  101,150,957   94,020,158          Shareholders' Equity        Common Stock, no par value, 1,500,000,000 shares authorized, 325,670,800 issued and outstanding at December 31, 2025 and 325,163,800 at December 31, 2024  -   - Preferred Stock, no par value, 50,000,000 shares authorized, 0 issued and outstanding at December 31, 2025 and 0 at December 31, 2024  -   - Additional Paid-In Capital  371,157,826   368,821,339 Deficit  (320,031,113)  (256,107,418)Total Shareholders' Equity  51,126,713   112,713,921          TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $152,277,670  $206,734,079           PLANET 13 HOLDINGS INC.
Interim Condensed Consolidated Statements of Operations and Comprehensive Loss  
(In United States Dollars, except share amounts)

      December 31,   2025  2024          Revenues, net of discounts $103,378,829  $116,408,966 Cost of Goods Sold  (63,506,121)  (60,298,520)Gross Profit  39,872,708   56,110,446          Expenses:        General and Administrative  51,624,055   51,171,892 Sales and Marketing  5,457,591   5,805,721 Lease Expense  5,186,280   4,511,997 Impairment loss  29,844,227   21,275,942 Depreciation and Amortization  7,048,237   8,860,921          Total Expenses  99,160,390   91,626,473          Loss From Operations  (59,287,682)  (35,516,027)         Other Income (Expense):        Interest income (expense), net  (476,721)  (333,082)Foreign exchange gain (loss)  (3,113)  (14,942)Other Income, net  7,487,533   257,438          Total Other Income (Expense)  7,007,699   (90,586)         Loss Before Provision for Income Taxes  (52,279,983)  (35,606,613)         Provision For Income Taxes        Current Tax expense  (13,721,212)  (14,210,082)Deferred Tax recovery (expense)  2,077,500   2,019,839    (11,643,712)  (12,190,243)         Net Loss and Comprehensive Loss $(63,923,695) $(47,796,856)         Loss per Share        Basic and diluted loss per share $(0.20) $(0.16)         Weighted Average Number of Shares of Common Stock        Basic and diluted  325,338,047   292,166,589           PLANET 13 HOLDINGS INC.
Interim Condensed Consolidated Statements of Cash Flows 
(In United States Dollars) 

         December 31,
2025  December 31,
2024 CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES        Net loss $(63,923,695) $(47,796,856)Adjustments for items not involving cash:        Share based compensation  2,336,487   180,308 Non-cash lease expense  1,993,170   2,047,680 Depreciation  11,399,254   13,414,690 Deferred tax recovery  (1,175,371)  (1,829,352)Lease incentive amortization  (9,524)  (109,109)Loss on impairment of fixed assets  17,580,525   11,885,063 Loss on impairment of ROU assets  6,403,703   3,239,536 Loss on impairment of intangible assets  5,860,000   6,151,343 Loss on disposal of intangible assets  -   762,091 Loss on disposal of property and equipment  1,655,818   78,563 Loss on disposal of assets held for sale  767,835   - Gain on settlement of note  (1,255,677)  - Loss on reserve for slow moving inventory  3,619,463   - Gain on early ROU lease termination  (2,630,443)  - Recovery of property in legal settlement  (4,588,328)  - Amortization of note payable discount  206,579   - Finders shares issued in VidaCann acquisition  -   750,000    (21,760,204)  (11,226,043)         Net Changes in Non-cash Working Capital Items  8,991,223   17,469,125 Repayment of lease liabilities  (1,422,907)  (1,032,183)Total Operating  (14,191,888)  5,210,899          FINANCING ACTIVITIES                 Taxes paid in lieu of share issuance - RSUs  -   (45,833)Proceeds from public share issuance, net of share issuance costs  -   9,862,207 Net Cash From VidaCann Acquisition  -   911,715 VidaCann Acquisition-Cash Component  -   (4,000,000)Repayment of Lafayette State Bank Note  (2,947,632)  - Draw from revolving line of credit  9,750,000   - Payment of Promissory Note to former VidaCann Shareholders  (5,000,000)  - Total Financing  1,802,368   6,728,089          INVESTING ACTIVITIES                 Purchase of property, plant and equipment  (6,571,865)  (12,044,412)Proceeds from sale of fixed assets  2,280,846   21,000 Proceeds from sale of assets held for sale  6,820,493   - Proceeds from sale of licenses  -   8,237,909 Total Investing  2,529,474   (3,785,503)         NET CHANGE IN CASH DURING THE YEAR  (9,860,046)  8,153,485          CASH AND RESTRICTED CASH        Beginning of Year  25,435,077   17,281,592          End of Year $15,575,031  $25,435,077 

, /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the first quarter of 2026 on Thursday, April 30, 2026, after the market closes.

The Company will conduct its quarterly conference call on Friday, May 1, 2026, at 12:00 PM ET.

To access the conference call, please pre-register using this link. Registrants will receive a confirmation with dial-in details. A live webcast of the conference call can be accessed using this link. A replay of the webcast will be available in the Investors section of the Company's website, www.shpreit.com, until July 31, 2026. About Summit Hotel Properties

Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded lodging facilities with efficient operating models primarily in the upscale segment of the lodging industry. As of March 25, 2026, the Company's portfolio consisted of 94 assets, 52 of which are wholly owned, with a total of 14,226 guestrooms located in 26 states.

For additional information, please visit the Company's website, www.shpreit.com, and follow on X at @SummitHotel_INN.

SOURCE Summit Hotel Properties, Inc.