Market Signal Briefing

NORWALK, Conn.--(BUSINESS WIRE)--Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, today reported full year 2025 net sales of $6.5 billion and net income of $288.4 million, or $2.70 per diluted share, as compared to full year 2024 net sales of $5.9 billion and net income of $276.4 million, or $2.58 per diluted share. For the fourth quarter of 2025, Silgan reported net income of $18.2 million, or $0.17 per diluted share, as compared to $45.1 million, or $0.42 per diluted share, in the fourth quarter of 2024.

Adjusted net income per diluted share for the full year of 2025 was $3.72, after adjustments increasing net income per diluted share by $1.02, a 3% increase over adjusted net income per diluted share for the full year of 2024 of $3.62 after adjustments increasing net income per diluted share by $1.04. Adjusted net income per diluted share for the fourth quarter of 2025 was $0.67, after adjustments increasing net income per diluted share by $0.50, as compared to adjusted net income per diluted share for the fourth quarter of 2024 of $0.85, after adjustments increasing net income per diluted share by $0.43. A reconciliation of net income per diluted share to "adjusted net income per diluted share," a Non-GAAP financial measure used by the Company that adjusts net income per diluted share for certain items, can be found in Table A at the back of this press release.

"Our 2025 results continued to highlight the meaningful progress from our key strategic initiatives, as we successfully integrated the Weener acquisition, continued to outpace market growth in our high value dispensing and pet food products, and completed our multi-year cost savings program. The Silgan team showed exceptional strength, drive and commitment in 2025 while adapting to a dynamic operating environment and continuing to compete and win in the marketplace by meeting the unique needs of our customers and being the best at what we do. The power of our diverse portfolio of consumer staple products, the effectiveness of the Silgan business model, and the discipline of our capital deployment strategy has positioned the Company to continue to outperform our peers and our end markets to create meaningful value for our shareholders," said Adam Greenlee, President and CEO.

"Our Dispensing and Specialty Closures segment, which represented 55% of our Adjusted EBITDA in 2025, grew sales by over 17% versus the prior year and Adjusted EBITDA by over 19%, as the successful integration of the Weener acquisition and organic growth in dispensing products more than offset weather challenges and consumer spending patterns that developed throughout the year. Sales from our dispensing products grew by over 30% in 2025, as we continued to separate ourselves in the market as a result of our intense customer focus, manufacturing excellence, and market leading innovation. Our Metal Containers segment continued to showcase its long term stability, growth in pet food markets, and meaningful cash flow generation. Our teams' relentless focus on efficiency, strong execution on our cost reduction plan, and 7% growth in pet food products in 2025 more than offset an isolated customer development during the year. Our Custom Containers segment delivered a record year of profitability, as we continued to enhance the mix of products and end markets in which we participate and delivered the planned savings associated with our cost reduction plan," continued Mr. Greenlee.

"As we begin 2026, our business fundamentals remain strong, as we continue to execute against our strategic priorities and demand for our portfolio of products for consumer staple end markets remains resilient and, in many cases, continues to grow. Our businesses continue to compete and win in the markets we serve and validate the benefits of our operating model, and our disciplined capital deployment strategy continues to deliver meaningful value creation opportunities for our shareholders. We are well positioned for another year of growth in 2026 and beyond," concluded Mr. Greenlee.

Fourth Quarter Results

Net sales for the fourth quarter of 2025 were $1.47 billion, an increase of $57.4 million, or 4%, as compared to the same period in the prior year. Net sales increased predominantly as a result of the contractual pass through of higher raw material costs in the current year quarter and favorable foreign currency translation.

Income before interest and income taxes (EBIT) for the fourth quarter of 2025 was $101.1 million, an increase of $6.9 million as compared to $94.2 million for the fourth quarter of 2024. EBIT in the Dispensing and Specialty Closures, Metal Containers and Custom Containers segments were $56.6 million, $39.5 million and $15.2 million, respectively, in the fourth quarter of 2025. Rationalization charges were $32.5 million and $21.4 million in the fourth quarters of 2025 and 2024, respectively. Costs attributed to announced acquisitions were $15.7 million in the fourth quarter of 2024. A reconciliation of EBIT for each segment to Adjusted EBIT and Adjusted EBITDA, Non-GAAP financial measures used by the Company that adjust EBIT for certain items, can be found in Table B at the back of this press release.

Interest and other debt expense before loss on early extinguishment of debt for the fourth quarter of 2025 was $47.7 million, an increase of $3.2 million as compared to the fourth quarter of 2024 primarily due to higher average outstanding borrowings in the current year period including the impact of higher foreign exchange rates, partially offset by lower weighted average interest rates.

The effective tax rates were 67.2% and 8.8% for the fourth quarters of 2025 and 2024, respectively. The increase in the effective tax rate was primarily a result of non-deductible restructuring costs in the current year quarter. The adjusted tax rates were 31.5% and 15.5% for the fourth quarters of 2025 and 2024, respectively. The increase in the adjusted tax rate was primarily a result of higher income in higher tax jurisdictions and the non-recurring non-cash revaluation of discrete tax items in the current year quarter and the benefit of tax restructuring activities in our foreign operations in the prior year quarter.

Fourth Quarter Segment Results

Dispensing and Specialty Closures
Net sales of the Dispensing and Specialty Closures segment were $643.6 million in the fourth quarter of 2025, an increase of $4.2 million, or 1%, as compared to $639.4 million in the fourth quarter of 2024. Net sales of dispensing products increased $21.6 million over the prior year period primarily as a result of the inclusion of the Weener acquisition, double digit organic growth in dispensing products for high value fragrance and beauty markets and favorable foreign currency translation of 4%. These positive impacts were partially offset by the anticipated decline in dispensing products for personal and home care markets due to customer destocking.

Dispensing and Specialty Closures Adjusted EBIT decreased $0.6 million, or 1%, to $99.3 million in the fourth quarter of 2025 as compared to $99.9 million in the fourth quarter of 2024, primarily as a result of lower volume/mix due to anticipated lower volumes for personal and home care products in the fourth quarter. This impact was partially offset by the favorable impact of price/cost including SG&A, in part due to the positive impact of synergies from the Weener acquisition, and favorable foreign currency translation.

Metal Containers
Net sales of the Metal Containers segment were $675.6 million in the fourth quarter of 2025, an increase of $65.4 million, or 11%, as compared to $610.2 million in the fourth quarter of 2024. The increase in net sales was primarily driven by improved price/mix of 7% due to the contractual pass through of higher raw material and other manufacturing costs and higher volumes. As expected, metal container volumes were 4% higher than the prior year period principally as a result of a 7% increase in volumes for pet food markets, which represent over half of the volumes in the segment, as well as a limited amount of customer purchases ahead of expected raw material inflation in 2026. Favorable foreign currency translation also contributed approximately 1% compared to the prior year period.

Metal Containers Adjusted EBIT increased $2.3 million to $44.2 million in the fourth quarter of 2025 as compared to $41.9 million in the fourth quarter of 2024. The increase in Adjusted EBIT in the quarter was primarily the result of favorable price/cost including mix, partially as a result of the multi-year cost reduction initiative, and higher volumes.

Custom Containers
Net sales of the Custom Containers segment were $149.4 million in the fourth quarter of 2025, a decrease of $12.2 million, or 8%, as compared to $161.6 million in the fourth quarter of 2024, driven primarily by lower volumes of 8% during the quarter including the impact from the exit of lower margin business as a result of footprint optimization plans to achieve previously announced cost reduction goals. Excluding the lower margin business exited to achieve cost reduction plans, volumes increased 1%.

Custom Containers Adjusted EBIT decreased $0.9 million to $17.3 million in 2025 as compared to $18.2 million in the fourth quarter of 2024. The decrease in Adjusted EBIT was primarily the result of lower volumes which were partially offset by a decrease in SG&A costs.

Full Year Results

Net sales for 2025 were $6.5 billion, an increase of $628.5 million, or 11%, as compared to $5.9 billion in the prior year primarily as a result of higher net sales in the Dispensing and Specialty Closures segment including net sales from the Weener acquisition and the contractual pass through of higher raw material and other manufacturing costs and higher volumes in the Metal Containers segment.

Income before interest and income taxes (EBIT) for 2025 was $597.9 million, an increase of $82.8 million as compared to $515.1 million for 2024. EBIT in the Dispensing and Specialty Closures, Metal Containers and Custom Containers segments were $321.5 million, $243.4 million and $81.1 million, respectively, in 2025. Rationalization charges were $60.5 million and $59.5 million in 2025 and 2024, respectively. Costs attributed to announced acquisitions were $1.1 million and $28.4 million in 2025 and 2024, respectively. A reconciliation of EBIT for each segment to Adjusted EBIT, a Non-GAAP financial measure used by the Company that adjusts EBIT for certain items, can be found in Table B at the back of this press release.

Interest and other debt expense before loss on early extinguishment of debt for 2025 was $189.4 million, an increase of $23.1 million as compared to 2024 primarily due to higher average borrowings as a result of the Weener acquisition, which was partially offset by lower weighted average interest rates.

The effective tax rates were 30.2% and 20.7% for 2025 and 2024, respectively. The increase in the effective tax rate was primarily a result of non-deductible restructuring costs in the current year and the benefits in the prior year of tax restructuring activities in our foreign operations and the reversal of tax reserves due to the expiration of statute of limitations. The adjusted tax rates were 25.8% and 21.2% for 2025 and 2024, respectively. The increase in the adjusted tax rate was primarily a result of higher income in higher tax jurisdictions and the non-recurring non-cash revaluation of discrete tax items in the current year and the benefits in the prior year of tax restructuring activities in our foreign operations and the reversal of tax reserves due to the expiration of statute of limitations.

The Company reported net cash provided by operating activities of $729.8 million in 2025 as compared to $721.9 million in 2024. Free cash flow for 2025 was $445.2 million, a 14% increase as compared to $391.3 million in 2024. The increase in free cash flow was primarily due to higher operating earnings including earnings from the Weener acquisition, which was partially offset by higher capital expenditures and cash interest expense in 2025. The Company is providing a reconciliation in Table D of this press release of net cash provided by operating activities to “free cash flow,” a Non-GAAP financial measure used by the Company which adjusts net cash provided by operating activities for certain items.

Full Year Segment Results

Dispensing and Specialty Closures
Net sales of the Dispensing and Specialty Closures segment were $2.7 billion in 2025, an increase of $402.9 million, or 17%, as compared to $2.3 billion in 2024 primarily as a result of the inclusion of the Weener acquisition and higher organic volumes of dispensing products for high value fragrance and beauty markets. These impacts were partially offset by lower volumes of specialty closures for the North American beverage markets due to adverse weather that impacted consumption patterns in the first half of the year. Favorable foreign currency translation also contributed approximately 2% compared to the prior year period.

Dispensing and Specialty Closures Adjusted EBIT increased $54.4 million to a record $420.0 million in 2025 as compared to $365.6 million in 2024. The increase in Adjusted EBIT was driven primarily by the inclusion of the Weener acquisition, higher organic volumes of dispensing products for high value fragrance and beauty markets and favorable price/cost including mix.

Metal Containers
Net sales of the Metal Containers segment were $3.1 billion in 2025, an increase of $237.6 million, or 8%, as compared to $2.9 billion in 2024. This increase was driven by favorable price/mix of 5% primarily as a result of the contractual pass through of higher raw material and other manufacturing costs and higher volumes of 3%. As anticipated, volumes for pet food markets, which represent over half of the volumes in the segment, increased 7% in 2025.

Metal Containers Adjusted EBIT increased by $18.0 million to $260.4 million in 2025 as compared to $242.4 million in 2024. Adjusted EBIT increased as a result of favorable price/cost including mix, partially as a result of the multi-year cost reduction initiative, and higher volumes.

Custom Containers
Net sales of the Custom Containers segment were $637.6 million in 2025, a decrease of $12.0 million, or 2%, as compared to $649.6 million in 2024. This decrease was primarily the result of lower volumes of 2%, which includes the impact from the exit of lower margin business as a result of footprint optimization plans to achieve previously announced cost reduction goals. Excluding the lower margin business exited to achieve cost reduction plans, volumes increased 1%.

Custom Containers Adjusted EBIT increased $8.9 million to $89.9 million in 2025 as compared to $81.0 million in 2024. The increase in Adjusted EBIT was primarily the result of improved price/cost including mix, partially due to the impact of the multi-year cost reduction initiative.

Outlook for 2026

The Company currently estimates adjusted net income per diluted share for the full year of 2026 will be in the range of $3.70 to $3.90, a 2% increase at the midpoint of the range over adjusted net income per diluted share of $3.72 in 2025. At the midpoint of the range, volumes and Adjusted EBIT are expected to be higher than 2025 levels in the Dispensing and Specialty Closures and Metal Containers segments and comparable to 2025 levels in the Custom Containers segment. Adjusted net income per diluted share excludes certain items as outlined in Table C at the back of this press release.

The Company anticipates interest and other debt expense in 2026 of approximately $205 million and an effective tax rate for 2026 of approximately 25-26%.

The Company currently estimates that free cash flow in 2026 will be approximately $450 million as compared to $445.2 million in 2025. Capital expenditures are expected to increase modestly to approximately $310 million in 2026 as compared to $307.1 million in 2025 primarily to support continued dispensing and pet food product growth.

The Company is providing an estimate of adjusted net income per diluted share for the first quarter of 2026 in the range of $0.70 to $0.80 as compared to $0.82 in the first quarter of 2025. The decrease in Adjusted EPS in the first quarter of 2026 is the result of the benefit in the prior year quarter of the sell through of lower cost inventory in our European metal containers and metal closures operations, higher interest expense, and the impact from the limited pull forward of volumes into the fourth quarter of 2025 ahead of anticipated raw material inflation in 2026. Adjusted net income per diluted share excludes certain items as outlined in Table C at the back of this press release.

Conference Call

Silgan Holdings Inc. will hold a conference call to discuss the Company’s results for the fourth quarter and full year of 2025 at 8:30 a.m. eastern time on Wednesday, February 4, 2026. The conference call audio will be webcast live, and both the webcast and this press release can be accessed at www.silganholdings.com. Those who wish to participate in the conference call via teleconference from the U.S. and Canada should dial (800) 330-6710 and from outside the U.S. and Canada should dial (312) 471-1353. The confirmation code for the conference call is 1938785. The audio webcast can be accessed at www.silganholdings.com and will be available for 90 days thereafter for those who are unable to listen to the live call.

* * *

Silgan is a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products with annual net sales of approximately $6.5 billion in 2025. Silgan operates 121 manufacturing facilities in North and South America, Europe and Asia. The Company is a leading worldwide supplier of dispensing and specialty closures for fragrance and beauty, food, beverage, personal and health care, home care and lawn and garden products. The Company is also a leading supplier of metal containers in North America and Europe for pet and human food and general line products. In addition, the Company is a leading supplier of custom containers for shelf-stable food and personal care products in North America.

Statements included in this press release which are not historical facts are forward looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934, as amended. Such forward looking statements are made based upon management’s expectations and beliefs concerning future events impacting the Company and therefore involve a number of uncertainties and risks, including, but not limited to, those described in the Company’s Annual Report on Form 10-K for 2024 and other filings with the Securities and Exchange Commission. Therefore, the actual results of operations or financial condition of the Company could differ materially from those expressed or implied in such forward looking statements.

SILGAN HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(UNAUDITED)

For the quarter and year ended December 31,

(Dollars and shares in millions, except per share amounts)

Fourth Quarter

Year Ended

2025

2024

2025

2024

Net sales

$

1,468.6

$

1,411.2

$

6,483.2

$

5,854.7

Cost of goods sold

1,215.9

1,172.2

5,333.7

4,842.9

Gross profit

252.7

239.0

1,149.5

1,011.8

Selling, general and administrative expenses

119.6

123.9

492.7

438.4

Rationalization charges

32.5

21.4

60.5

59.5

Other pension and postretirement (income)

(0.5

)

(0.5

)

(1.6

)

(1.2

)

Income before interest and income taxes

101.1

94.2

597.9

515.1

Interest and other debt expense before loss on early extinguishment of debt

47.7

44.5

189.4

166.3

Loss on early extinguishment of debt

—

1.1

—

1.1

Interest and other debt expense

47.7

45.6

189.4

167.4

Income before income taxes

53.4

48.6

408.5

347.7

Provision for income taxes

35.9

4.2

123.3

72.0

Income before equity in earnings of affiliates

17.5

44.4

285.2

275.7

Equity in earnings of affiliates, net of tax

0.7

0.7

3.2

0.7

Net income

$

18.2

$

45.1

$

288.4

$

276.4

Earnings per share (EPS):

Basic net income per share

$

0.17

$

0.42

$

2.71

$

2.59

Diluted net income per share

$

0.17

$

0.42

$

2.70

$

2.58

Cash dividends per common share

$

0.20

$

0.19

$

0.80

$

0.76

Weighted average shares:

Basic

105.6

106.8

106.5

106.8

Diluted

105.8

107.3

106.8

107.1

SILGAN HOLDINGS INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

(Dollars in millions)

Dec. 31,

Dec. 31,

2025

2024

Assets:

Cash and cash equivalents

$

1,080.7

$

822.9

Trade accounts receivable, net

589.4

594.2

Inventories

1,080.1

928.1

Other current assets

241.7

177.5

Property, plant and equipment, net

2,378.3

2,282.9

Other assets, net

4,026.9

3,779.0

Total assets

$

9,397.1

$

8,584.6

Liabilities and stockholders' equity:

Accounts payable and accrued liabilities

$

1,820.3

$

1,531.0

Current and long-term debt

4,346.8

4,136.8

Other liabilities

955.7

927.6

Stockholders' equity

2,274.3

1,989.2

Total liabilities and stockholders' equity

$

9,397.1

$

8,584.6

SILGAN HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

For the year ended December 31,

(Dollars in millions)

2025

2024

Cash flows provided by (used in) operating activities:

Net income

$

288.4

$

276.4

Adjustments to reconcile net income to net cash

provided by (used in) operating activities:

Depreciation and amortization

319.2

275.9

Amortization of debt discount and debt issuance costs

5.5

5.5

Rationalization charges

60.5

59.5

Loss on early extinguishment of debt

—

1.1

Stock compensation expense

18.0

15.5

Deferred income tax provision (benefit)

19.3

(33.1

)

Other changes that provided (used) cash:

Trade accounts receivable, net

50.5

37.4

Inventories

(116.0

)

57.7

Trade accounts payable and other changes, net

84.4

26.0

Net cash provided by operating activities

729.8

721.9

Cash flows provided by (used in) investing activities:

Purchase of business, net of cash acquired

—

(921.6

)

Capital expenditures

(307.1

)

(262.8

)

Proceeds from asset sales

10.1

7.8

Other investing activities

(0.3

)

0.3

Net cash (used in) investing activities

(297.3

)

(1,176.3

)

Cash flows provided by (used in) financing activities:

Dividends paid on common stock

(85.8

)

(82.1

)

Changes in outstanding checks - principally vendors

12.4

(75.6

)

Shares repurchased under authorized repurchase program

(68.0

)

—

Net borrowings and other financing activities

(66.1

)

820.3

Net cash (used in) provided by financing activities

(207.5

)

662.6

Effect of exchange rate changes on cash and cash equivalents

32.8

(28.2

)

Cash and cash equivalents:

Net increase

257.8

180.0

Balance at beginning of year

822.9

642.9

Balance at end of period

$

1,080.7

$

822.9

SILGAN HOLDINGS INC.

CONSOLIDATED SUPPLEMENTAL SEGMENT FINANCIAL DATA

(UNAUDITED)

For the quarter and year ended December 31,

(Dollars in millions)

Fourth Quarter

Year Ended

2025

2024

2025

2024

Net sales:

Dispensing and Specialty Closures

$

643.6

$

639.4

$

2,707.3

$

2,304.4

Metal Containers

675.6

610.2

3,138.3

2,900.7

Custom Containers

149.4

161.6

637.6

649.6

Consolidated

$

1,468.6

$

1,411.2

$

6,483.2

$

5,854.7

Income before interest and income taxes (EBIT)

Dispensing and Specialty Closures

$

56.6

$

76.7

$

321.5

$

290.0

Metal Containers

39.5

41.6

243.4

228.9

Custom Containers

15.2

(0.1

)

81.1

55.4

Corporate

(10.2

)

(24.0

)

(48.1

)

(59.2

)

Consolidated

$

101.1

$

94.2

$

597.9

$

515.1

SILGAN HOLDINGS INC.

RECONCILIATION OF ADJUSTED NET INCOME PER DILUTED SHARE (1)

(UNAUDITED)

For the quarter and year ended December 31,

(Dollars and shares in millions, except per share amounts)

Table A

Fourth Quarter

Year Ended

2025

2024

2025

2024

Net

Diluted

Net

Diluted

Net

Diluted

Net

Diluted

Income

EPS

Income

EPS

Income

EPS

Income

EPS

U.S. GAAP net income and diluted EPS

$

18.2

$

0.17

$

45.1

$

0.42

$

288.4

$

2.70

$

276.4

$

2.58

Adjustments (a)

52.5

0.50

45.7

0.43

108.5

1.02

111.4

1.04

Non-U.S. GAAP adjusted net income and adjusted diluted EPS

$

70.7

$

0.67

$

90.8

$

0.85

$

396.9

$

3.72

$

387.8

$

3.62

Weighted average number of common shares outstanding - Diluted

105.8

107.3

106.8

107.1

(a) Adjustments consist of items in the table below

Fourth Quarter

Year Ended

2025

2024

2025

2024

Adjustments:

Acquired intangible asset amortization expense

$

17.3

$

14.6

$

64.6

$

52.6

Other pension (income) for U.S. pension plans

(1.0

)

(1.0

)

(4.0

)

(4.2

)

Rationalization charges

32.5

21.4

60.5

59.5

Costs attributed to announced acquisitions

—

15.7

1.1

28.4

Purchase accounting write-up of inventory

—

6.1

—

6.1

Loss on early extinguishment of debt

—

1.1

—

1.1

Pre-tax impact of adjustments

48.8

57.9

122.2

143.5

Tax impact of adjustments

(3.7

)

12.2

13.7

32.1

Net impact of adjustments

$

52.5

$

45.7

$

108.5

$

111.4

Weighted average number of common shares outstanding - Diluted

105.8

107.3

106.8

107.1

Diluted EPS impact from adjustments

$

0.50

$

0.43

$

1.02

$

1.04

Adjusted tax rate

31.5

% 15.5

%

25.8

%

21.2

% SILGAN HOLDINGS INC.

RECONCILIATION OF ADJUSTED EBIT and ADJUSTED EBITDA (2)

(UNAUDITED)

For the quarter and year ended December 31,

(Dollars in millions)

Table B

Fourth Quarter

Year Ended

2025

2024

2025

2024

Dispensing and Specialty Closures:

Income before interest and income taxes (EBIT)

$

56.6

$

76.7

$

321.5

$

290.0

Acquired intangible asset amortization expense

15.8

13.1

58.7

46.7

Other pension (income) for U.S. pension plans

(0.2

)

(0.2

)

(0.8

)

(1.0

)

Equity in earnings of affiliates, net of tax

0.7

0.7

3.2

0.7

Rationalization charges

26.4

3.5

37.4

23.1

Purchase accounting write-up of inventory

—

6.1

—

6.1

Adjusted EBIT

99.3

99.9

420.0

365.6

Depreciation

35.4

33.7

147.3

110.0

Adjusted EBITDA

$

134.7

$

133.6

$

567.3

$

475.6

Metal Containers:

Income before interest and income taxes (EBIT)

$

39.5

$

41.6

$

243.4

$

228.9

Acquired intangible asset amortization expense

0.4

0.4

1.4

1.4

Other pension (income) for U.S. pension plans

(0.5

)

(0.6

)

(1.8

)

(2.3

)

Rationalization charges

4.8

0.5

17.4

14.4

Adjusted EBIT

44.2

41.9

260.4

242.4

Depreciation

20.0

19.8

72.7

77.4

Adjusted EBITDA

$

64.2

$

61.7

$

333.1

$

319.8

Custom Containers:

Income before interest and income taxes (EBIT)

$

15.2

$

(0.1

)

$

81.1

$

55.4

Acquired intangible asset amortization expense

1.1

1.1

4.5

4.5

Other pension (income) for U.S. pension plans

(0.3

)

(0.2

)

(1.4

)

(0.9

)

Rationalization charges

1.3

17.4

5.7

22.0

Adjusted EBIT

17.3

18.2

89.9

81.0

Depreciation

8.1

9.1

34.1

35.7

Adjusted EBITDA

$

25.4

$

27.3

$

124.0

$

116.7

Corporate:

(Loss) before interest and income taxes (EBIT)

$

(10.2

)

$

(24.0

)

$

(48.1

)

$

(59.2

)

Costs attributed to announced acquisitions

—

15.7

1.1

28.4

Adjusted EBIT

(10.2

)

(8.3

)

(47.0

)

(30.8

)

Depreciation

0.1

0.1

0.4

0.2

Adjusted EBITDA

$

(10.1

)

$

(8.2

)

$

(46.6

)

$

(30.6

)

Total Adjusted EBIT

150.6

151.7

723.3

658.2

Total Depreciation

63.6

62.7

254.5

223.3

Total Adjusted EBITDA

$

214.2

$

214.4

$

977.8

$

881.5

SILGAN HOLDINGS INC.

RECONCILIATION OF ADJUSTED NET INCOME PER DILUTED SHARE (1)

(UNAUDITED)

For the quarter and year ended,

(Dollars and shares in millions, except per share amounts)

Table C

First Quarter,

Year Ended

March 31,

December 31,

Estimated

Actual

Estimated

Actual

Low

High

Low

High

2026

2026

2025

2026

2026

2025

U.S. GAAP net income as estimated for 2026 and as reported for 2025

$

58.8

$

69.3

$

68.0

$

338.8

$

360.0

$

288.4

Adjustments (a)

15.3

15.3

20.3

53.4

53.4

108.5

Non-U.S. GAAP adjusted net income as estimated for 2026 and presented for 2025

$

74.1

$

84.6

$

88.3

$

392.2

$

413.4

$

396.9

U.S. GAAP diluted EPS as estimated for 2026 and as reported for 2025

$

0.56

$

0.66

$

0.63

$

3.20

$

3.40

$

2.70

Adjustments (a)

0.14

0.14

0.19

0.50

0.50

1.02

Non-U.S. GAAP adjusted diluted EPS as estimated for 2026 and presented for 2025

$

0.70

$

0.80

$

0.82

$

3.70

$

3.90

$

3.72

(a) Adjustments consist of items in the table below

First Quarter,

Year Ended

March 31,

December 31,

2026

2025

2026

2025

Estimated

Actual

Estimated

Actual

Adjustments:

Acquired intangible asset amortization expense

$

16.0

$

15.4

$

64.0

$

64.6

Other pension (income) for U.S. pension plans

(1.6

)

(0.9

)

(6.5

)

(4.0

)

Rationalization charges

6.2

11.0

14.2

60.5

Costs attributed to announced acquisitions

—

1.1

—

1.1

Pre-tax impact of adjustments

20.6

26.6

71.7

122.2

Tax impact of adjustments

5.3

6.3

18.3

13.7

Net impact of adjustments

$

15.3

$

20.3

$

53.4

$

108.5

Weighted average number of common shares outstanding - Diluted

105.8

107.3

106.0

106.8

Diluted EPS impact from adjustments

$

0.14

$

0.19

$

0.50

$

1.02

RECONCILIATION OF FREE CASH FLOW (3)

(UNAUDITED)

For the year ended December 31,

(Dollars and shares in millions, except per share amounts)

Table D

2025

2024

Net cash provided by operating activities

$

729.8

$

721.9

Capital expenditures

(307.1

)

(262.8

)

Proceeds from asset sales

10.1

7.8

Changes in outstanding checks

12.4

(75.6

)

Free cash flow

$

445.2

$

391.3

Net cash provided by operating activities per diluted share

$

6.83

$

6.74

Free cash flow per diluted share

$

4.17

$

3.65

Weighted average diluted shares

106.8

107.1

(1) The Company has presented adjusted net income per diluted share for the periods covered by this press release, which measure is a Non-GAAP financial measure. The Company’s management believes it is useful to exclude acquired intangible asset amortization expense, other pension income for U.S. pension plans, rationalization charges, costs attributed to announced acquisitions, the impact from the charge for the write-up of acquired inventory required under purchase accounting and the loss on early extinguishment of debt from its net income per diluted share as calculated under U.S. generally accepted accounting principles because such Non-GAAP financial measure allows for a more appropriate evaluation of its operating results. Acquired intangible asset amortization expense is a non-cash expense related to acquired operations that management believes is not indicative of the on-going performance of the acquired operations. Since the Company's U.S. pension plans are significantly over funded and have no required cash contributions for the foreseeable future based on current regulations, management views other pension income from the Company's U.S. pension plans, which excludes service costs, as not reflective of the operational performance of the Company or its segments. While rationalization costs are incurred on a regular basis, management views these costs more as an investment to generate savings rather than period costs. Costs attributed to announced acquisitions consist of third party fees and expenses that are viewed by management as part of the acquisition and not indicative of the on-going cost structure of the Company. The write-up of acquired inventory required under purchase accounting is also viewed by management as part of the acquisition and is a non-cash charge that is not considered to be indicative of the on-going performance of the acquired operations. The loss on early extinguishment of debt consists of third party fees and expenses incurred or debt costs written off that are viewed by management as part of the cost of prepayment of debt and not indicative of the on-going cost structure of the Company. Such Non-GAAP financial measure is not in accordance with U.S. generally accepted accounting principles and should not be considered in isolation but should be read in conjunction with the unaudited condensed consolidated statements of income and the other information presented herein. Additionally, such Non-GAAP financial measure should not be considered a substitute for net income per diluted share as calculated under U.S. generally accepted accounting principles and may not be comparable to similarly titled measures of other companies.

(2) The Company has presented Adjusted EBIT for the periods covered by this press release, which measure is a Non-GAAP financial measure. The Company’s management believes it is useful to exclude acquired intangible asset amortization expense, other pension income for U.S. pension plans, rationalization charges and costs attributed to announced acquisitions from EBIT, and to include in EBIT equity in earnings of affiliates, net of tax, for the Company and each of its segments as calculated under U.S. generally accepted accounting principles because such Non-GAAP financial measure allows for a more appropriate evaluation of operating results of the Company and its segments. Acquired intangible asset amortization expense is a non-cash expense related to acquired operations that management believes is not indicative of the on-going performance of the acquired operations. Since the Company's U.S. pension plans are significantly over funded and have no required cash contributions for the foreseeable future based on current regulations, management views other pension income from the Company's U.S. pension plans, which excludes service costs, as not reflective of the operational performance of the Company or its segments. While rationalization costs are incurred on a regular basis, management views these costs more as an investment to generate savings rather than period costs. Costs attributed to announced acquisitions consist of third party fees and expenses that are viewed by management as part of the acquisition and not indicative of the on-going cost structure of the Company. The Company's management views the operating performance of its affiliates which are joint ventures as part of the Company's operating performance and therefore believes that the Company's share of the net operating results of its affiliates which are joint ventures should be included in the Company's Adjusted EBIT. Such Non-GAAP financial measure is not in accordance with U.S. generally accepted accounting principles and should not be considered in isolation but should be read in conjunction with the unaudited condensed consolidated statements of income and the other information presented herein. Additionally, such Non-GAAP financial measure should not be considered a substitute for income before interest and income taxes (EBIT) as calculated under U.S. generally accepted accounting principles and may not be comparable to similarly titled measures of other companies. The Company has also presented Adjusted EBITDA for the periods covered by this press release, which measure is a Non-GAAP financial measure. Adjusted EBITDA means Adjusted EBIT plus depreciation. The Company's management believes that Adjusted EBITDA also allows for a more appropriate evaluation of operating results of the Company and its segments. Such Non-GAAP financial measure is not in accordance with U.S. generally accepted accounting principles and should not be considered in isolation but should be read in conjunction with the unaudited condensed consolidated statements of income and the other information presented herein. Additionally, such Non-GAAP financial measure should not be considered a substitute for income before interest and income taxes (EBIT) as calculated under U.S. generally accepted accounting principles and may not be comparable to similarly titled measures of other companies.

(3) The Company has presented free cash flow in this press release, which is a Non-GAAP financial measure. The Company’s management believes that free cash flow is important to support its stated business strategy of investing in internal growth and acquisitions. Free cash flow is defined as net cash provided by operating activities adjusted for changes in outstanding checks, reduced by capital expenditures and increased by proceeds from asset sales. At times, there may be other unusual cash items that will be excluded from free cash flow. Net cash provided by operating activities is the most comparable financial measure under U.S. generally accepted accounting principles to free cash flow, and it should not be inferred that the entire free cash flow amount is available for discretionary expenditures. Such Non-GAAP financial measure is not in accordance with U.S. generally accepted accounting principles and should not be considered in isolation but should be read in conjunction with the unaudited condensed consolidated statements of cash flows and the other information presented herein. Additionally, such Non-GAAP financial measure should not be considered a substitute for net cash provided by operating activities as calculated under U.S. generally accepted accounting principles and may not be comparable to similarly titled measures of other companies.

More News From Silgan Holdings Inc.

Here are two stocks with buy rank and strong income characteristics for investors to consider today, February 4:

Popular, Inc. (BPOP - Free Report) : This retail, mortgage, and commercial banking products and services company has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 3% over the last 60 days.

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See the full list of top ranked stocks here.

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMLP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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HomeIndustriesNew guidance for 2026 implies around 8% downside to consensus forecasts.Published: Feb. 4, 2026 at 5:41 a.m. ET

Novo Nordisk CEO Mike Doustdar shakes hands with U.S. President Donald Trump after Trump made an announcement on lowering drug prices in the Oval Office at the White House in November. Doustdar was warning on pricing. Photo: Andrew Harnik/Getty ImagesHaving pre-announced earnings a day earlier, Novo Nordisk CEO Mike Doustdar, faced the European media Wednesday morning and gave a series of downbeat assessments of the company’s prospects in 2026.

Analysts ranging from JPMorgan, Bank of America, Danske and Handelsbanken warned that the consensus expectations for 2026 sales will be downgraded by around 8%, after Doustdar lowered guidance.

Tony Kim Feb 04, 2026 09:04

LDO shows oversold RSI at 29.30 with analysts eyeing $0.53-$0.75 targets as Lido DAO tests critical support levels near $0.40. LDO Price Prediction Summary • Short-term target (1 week): $0.44-$0.4...

LDO shows oversold RSI at 29.30 with analysts eyeing $0.53-$0.75 targets as Lido DAO tests critical support levels near $0.40.

LDO Price Prediction Summary • Short-term target (1 week): $0.44-$0.45 • Medium-term forecast (1 month): $0.53-$0.75 range
• Bullish breakout level: $0.53 • Critical support: $0.37-$0.40

What Crypto Analysts Are Saying About Lido DAO Recent analyst predictions present a cautiously optimistic outlook for Lido DAO's price trajectory. Peter Zhang noted on February 2, 2026, that "LDO trades at $0.43 with RSI at 29.44 signaling oversold conditions. Technical analysis suggests potential bounce to $0.53 resistance level within 4 weeks as Lido DAO approaches key support zones."

Luisa Crawford provided a more aggressive Lido DAO forecast on January 30, stating that "Lido DAO (LDO) trades at $0.48 with oversold RSI at 31.54, but analysts forecast 45-67% upside to $0.75-$0.85 range by early February 2026 based on technical indicators." This target range represents significant upside potential from current levels.

Supporting this bullish sentiment, Darius Baruo observed on January 21 that "Lido DAO (LDO) trades at $0.52 with bearish momentum but analyst targets suggest 45-64% upside to $0.75-$0.85 range by February 2026 based on MACD signals."

LDO Technical Analysis Breakdown The current technical picture for Lido DAO reveals a token in oversold territory with potential for a relief bounce. At $0.42, LDO sits well below its key moving averages, with the 20-day SMA at $0.50 and the 200-day SMA significantly higher at $0.89.

The RSI reading of 29.30 confirms oversold conditions, typically indicating that selling pressure may be exhausted and a technical bounce could be imminent. This aligns with analyst predictions targeting the $0.53 level, which coincides with previous support-turned-resistance.

LDO's position within the Bollinger Bands shows the token trading near the lower band at $0.38, with a %B position of 0.15. This suggests the token is compressed toward the bottom of its recent trading range, often preceding volatility expansion.

The MACD histogram at -0.0000 indicates bearish momentum is beginning to flatten, though it hasn't yet shown signs of bullish divergence. The daily ATR of $0.03 reflects moderate volatility, providing room for meaningful price moves in either direction.

Lido DAO Price Targets: Bull vs Bear Case Bullish Scenario The most compelling LDO price prediction scenarios center around a recovery to the $0.53-$0.75 range. Initial resistance sits at $0.44-$0.45, representing the immediate hurdle for any bounce attempt. Breaking above this level would likely target the 20-day SMA at $0.50.

A sustained move above $0.50 would validate the more optimistic Lido DAO forecast targeting $0.53, representing a 26% upside from current levels. The ultimate bullish target aligns with analyst predictions of $0.75-$0.85, requiring a fundamental shift in market sentiment and sustained buying pressure.

For this scenario to unfold, LDO would need to see RSI recovery above 50 and MACD showing positive divergence, indicating renewed buying interest.

Bearish Scenario Downside risks center around the critical support zone between $0.37-$0.40. A break below the strong support at $0.37 could trigger additional selling pressure, potentially targeting the psychological $0.30 level.

The concerning technical backdrop includes all major moving averages trending below current price action, suggesting the overall trend remains bearish despite oversold conditions. Volume patterns would need monitoring for any breakdown scenarios.

Should You Buy LDO? Entry Strategy Current oversold conditions present a potential opportunity for traders comfortable with high-risk positions. The optimal entry strategy would involve scaling into positions near current levels around $0.40-$0.42, with additional purchases on any dip toward the $0.37 strong support level.

Stop-loss placement below $0.35 would limit downside risk while allowing room for normal volatility. Profit-taking could begin near the $0.45 immediate resistance, with larger positions held for the $0.53 target level that aligns with multiple analyst predictions.

Risk management remains crucial given LDO's position below all major moving averages. Position sizing should reflect the speculative nature of this setup, with traders prepared for continued volatility.

Conclusion The LDO price prediction landscape suggests a potential recovery toward $0.53-$0.75 over the coming month, supported by oversold technical conditions and analyst targets. While the immediate trend remains bearish, the combination of extreme RSI readings and analyst conviction around higher targets creates an intriguing risk-reward setup.

The Lido DAO forecast depends heavily on broader market conditions and the token's ability to reclaim key technical levels above $0.45. Traders should approach with appropriate position sizing and clear risk management protocols.

This analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk, and past performance does not guarantee future results.

Image source: Shutterstock

ldo price analysis ldo price prediction

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The world’s largest crypto exchange Binance on Wednesday said it has purchased an additional 1,315 BTC for its SAFU Fund. This is part of converting $1 billion of its SAFU reserves from stablecoins into Bitcoin after the recent crypto market crash.

Binance Expands SAFU Fund to 2,630 BTC Committing to protect its users amid the crypto bloodbath, Binance has acquired an additional 1,315 BTC worth almost $100.42 million for its SAFU fund, according to Arkham data on February 4.

Binance SAFU Fund Adds 1,315 BTC. Source: Arkham This latest addition marks the second purchase this week, bringing the total accumulation to 2,630 BTC worth around $201.12 million. The move aligns with Binance’s broader strategy to convert up to $1 billion of its SAFU reserves from stablecoins into Bitcoin over 30 days.

Binance officially confirmed the progress, stating that the second batch of $100 million in stablecoins conversions to BTC is completed. “We’re continuing to acquire Bitcoin for the SAFU fund, aiming to complete conversion of the fund within 30 days of our original announcement,” the crypto exchange said.

#Binance SAFU Fund Asset Conversion progress update.

Binance has completed the second batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins.

Our SAFU BTC address:
1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD

TXID: https://t.co/xm87A7Zd9T

We’re continuing to… pic.twitter.com/i3H2cCYYB2

— Binance (@binance) February 4, 2026

On Monday, Binance transferred roughly 1,315 BTC from Binance hot wallets to the SAFU Fund wallet address “1BAuq.” This development comes amid volatility and uncertainty in the crypto market.

Bitcoin Price Holds Above $76K Bitcoin price remains under selling pressure amid “extreme fear” sentiment and thin liquidity. BTC fell 3% over the past 24 hours, with the price currently trading at $76,435. The 24-hour low and high are $72,897 and $78,974, respectively.

Furthermore, trading volume has increased by 40% in the last 24 hours, indicating that traders reacted to Binance purchasing additional BTC for the SAFU fund. However, experts such as Michael Burry warns Bitcoin price crash and its implications for treasury companies and traditional financial markets.

CoinGlass data showed slight buying in the past across the derivatives market as traders look for further cues. At the time of writing, the total BTC futures open interest jumped 0.19% to $51.15 billion in the last 4 hours. Notably, BTC futures OI is down nearly 1% in 24 hours, with 1.32% fall on CME and 1.92% slump on Binance.

Advisers are now discussing a smaller fundraising of roughly $5 billion, as prospective backers question both the size of the deal and Tether’s lofty valuation.Updated Feb 4, 2026, 8:59 a.m. Published Feb 4, 2026, 8:52 a.m.

Tether has quietly pulled back from plans to raise as much as $20 billion in fresh capital after facing investor resistance to a proposed valuation that would rank the stablecoin issuer among the world’s most valuable private companies, per an FT report on Wednesday.

The company, which issues the USDT stablecoin with over $185 billion in circulation, had explored a funding round last year that could have valued Tether at around $500 billion, according to people familiar with the talks.

STORY CONTINUES BELOW

Advisers have since floated raising closer to $5 billion, a sharp reduction from earlier discussions, as investors questioned both the size of the deal and the valuation.

Chief executive Paolo Ardoino said the larger figures had been misunderstood, describing the $15 billion to $20 billion range as a ceiling rather than a target.

“That number is not our goal,” Ardoino said in an interview to FT. “If we were selling zero, we would be very happy as well.”

Tether’s fundraising push has drawn attention because the company is already highly profitable and has limited operational need for external capital. Ardoino said the firm generated roughly $10 billion in profit last year, largely from interest earned on the assets backing USDT, and added that insiders were reluctant to sell shares.

Still, prospective investors have raised concerns about a valuation that would place Tether alongside firms such as SpaceX, ByteDance and leading artificial intelligence companies. Some have also pointed to regulatory risks and long-standing questions around reserve transparency as sticking points.

Tether has faced scrutiny since its founding over the quality of its reserves and the use of USDT in illicit activity. While the company now publishes quarterly attestations from BDO Italia, it has not released a full audit. Ratings agency S&P Global downgraded Tether’s reserve assessment last year, citing increased exposure to assets such as bitcoin and gold.

But Ardoino has defended the company’s approach, arguing that Tether’s profitability compares favorably with loss-making AI firms commanding similar valuations.

“If you believe some AI company is worth $800 billion with a huge minus sign in front, be my guest,” he said.

Tether’s growing footprint in U.S. Treasuries and gold has made it one of the most significant bridges between traditional finance and digital assets — a role that continues to attract attention even as investors debate how much the company is worth.

TLDR: Binance recorded 56,000-59,000 BTC inflows on February 2-3, marking the largest deposits since January started.  Short-term holders transferred 54,000 BTC at a loss on February 2nd, signaling panic selling at $74,000 support.  Institutional supply of 155,000 BTC sits underwater between $85K-$95K, creating potential distribution resistance.  Analysts forecast Bitcoin decline to $50,000 by Q2 2025 following anticipated bounce to $85,000-$95,000 range. Bitcoin’s recent price correction has triggered significant movement of coins to exchanges, with Binance recording its highest inflows since January began.

Between February 2nd and 3rd, the leading exchange received between 56,000 and 59,000 BTC as the cryptocurrency traded near the critical $74,000 support level.

This accumulation of coins on exchanges typically signals potential selling pressure, raising concerns among market participants about near-term price direction and the sustainability of the current trend.

Panic Selling Emerges at Critical Technical Level The substantial inflows to Binance occurred as Bitcoin tested a pivotal price zone around $74,000. A sustained breakdown below this threshold would challenge the asset’s long-term upward trajectory.

The timing of these transfers reflects growing anxiety among certain investors who moved their holdings to exchanges in anticipation of further declines.

Binance continues to dominate cryptocurrency trading volumes globally. This position naturally makes it the primary destination for coins during periods of market stress.

The exchange absorbed the majority of selling pressure during this window, according to data shared by analyst Darkfost on X.

🔴 BTC inflows trigger FUD as selling pressure builds on Binance

As BTC continues its corrective phase, we observed on February 2nd and 3rd the largest BTC inflows to Binance since the beginning of the year

These inflows are not insignificant.

They occurred at a key moment,… pic.twitter.com/xmROStdOs7

— Darkfost (@Darkfost_Coc) February 4, 2026

Short-term holders demonstrated particularly reactive behavior during this phase. On February 2nd alone, approximately 54,000 BTC were transferred at a loss by this cohort.

These investors, known for sensitivity to price fluctuations, contributed meaningfully to the overall flow of coins reaching exchanges.

The selling activity, while substantial, aligns proportionally with the scale of observed transfers. Market observers note this pattern often accompanies capitulation phases where oversold conditions emerge.

Such periods have historically created opportunities for price stabilization and potential reversal formations across various timeframes.

Bearish Outlook Points to Extended Downside Risk Some analysts maintain a decidedly negative outlook for Bitcoin’s near-term trajectory. DeFi researcher Sherlock projects significant downside potential, forecasting an eventual decline toward $50,000 by the second quarter of 2025.

His analysis centers on an anticipated bounce to the $85,000-$95,000 range before resumption of the downtrend.

Bitcoin is going lower. A lot lower.

Short the bounce to $85K – $95K and ride it to $50K. This is the big short I’ve been waiting for since $108K.

$85K – $95K is about to become the biggest resistance Bitcoin has seen in this entire cycle. 155,000 BTC in institutional supply… pic.twitter.com/hxB7VqFO4q

— Sherlock | DeFi Researcher (@Sherlockwhale) February 3, 2026

The analyst identifies approximately 155,000 BTC in institutional holdings acquired between October and December within that price band.

These positions currently sit underwater and may represent substantial resistance if prices recover to those levels. Such supply overhang could trigger what he describes as a major distribution event.

Technical indicators support this cautious stance. The daily Quantum Volume Weighted Average Price, yearly open, and January’s point of control all converge around $85,000-$95,000.

This confluence of resistance levels creates formidable barriers to upward movement, according to the assessment shared publicly.

The forecast suggests any relief rally will serve primarily to trap buyers before continuation lower. Initial targets include $65,000, followed by the $50,000 level within months.

This scenario represents a sharp departure from recent expectations of six-figure valuations and reflects deteriorating technical structure across multiple timeframes.

Key NotesTether scaled back its planned $15B-$20B raise to as little as $5B.The company generated about $10B in profit last year and holds over $30B in excess reserves.Tether now holds more than $141B in US Treasury exposure and 80-116 metric tons of gold. Tether has scaled back plans for a large funding round after investors pushed back on its $500 billion valuation target.

The company had previously explored raising $15 billion to $20 billion, which would have placed it among the most valuable private firms globally.

Advisers are now discussing a much smaller raise, potentially as low as $5 billion.

This follows investor hesitation around valuation rather than concerns about liquidity. Tether remains highly profitable and is under no pressure to raise capital.

https://twitter.com/WuBlockchain/status/2018919272786079847

Profitability Reduces Need for Capital Tether generated roughly $10 billion in profit last year, driven mainly by yield on reserves backing USDT.

The company controls the world’s largest stablecoin, with around $185 billion to $187 billion in circulation, and operates with a tight internal ownership structure.

Insiders have shown little interest in selling equity, which has limited the size of any potential deal. Management has stated that selling no shares at all remains an acceptable outcome.

Tether’s balance sheet now resembles that of a large financial institution.

According to its latest January attestation, the company holds more than $122 billion in direct US Treasuries, with total Treasury exposure exceeding $141 billion when including short-term lending agreements.

Alongside government debt, Tether has built one of the largest private gold positions in the world.

Its reserves and tokenized gold product together account for roughly 80 to 116 metric tons of gold, with around 27 tons added in the fourth quarter of 2025 alone.

For now, fundraising talks remain active but flexible.

The final size of any raise will depend on market conditions, investor appetite, and whether Tether decides it needs outside capital at all.

The Launch of USAT The fundraising rethink comes alongside Tether’s debut of USAT, a US-regulated stablecoin issued through Anchorage Digital Bank.

USAT is the company’s first product fully compliant with new federal stablecoin rules in the United States.

The stablecoin is separate from USDT, which has roughly $185 billion in circulation globally but does not meet current US regulatory standards.

The launch places Tether in direct competition with Circle’s USDC, as well as new entrants from Fidelity, JPMorgan, and PayPal.

Unlike past years, Tether executives are now actively engaging with US policymakers and law enforcement as well.

The company says it works with nearly 300 law enforcement agencies across more than 60 countries.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Tether (USDT) News, Cryptocurrency News, News

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

Parth Dubey on LinkedIn

Michael Burry, the investor famous for predicting the 2008 financial crisis, has issued a strong warning about Bitcoin. He has warned that the ongoing Bitcoin crash could seriously damage crypto miners and companies that hold large amounts of Bitcoin. 

He believes the Bitcoin price may further drop to $50K, leading to heavy losses and possible bankruptcies.

Bitcoin Fails as a Safe Haven AssetIn a recent Substack post, Michael Burry said that Bitcoin has failed to prove itself as a safe store of value like gold or silver. He described it as a purely speculative asset that moves mainly on market hype. 

While precious metals have recently reached record highs, Bitcoin has continued to slide lower.

He said Bitcoin has not reacted positively to typical market drivers like dollar weakness or geopolitical tensions. Instead, it is moving closely with the stock market, especially the S&P 500.

Burry pointed out that Bitcoin’s correlation with the S&P 500 has reached around 0.50, showing that it is acting more like a tech stock than an independent asset.

Michael Burry Warns Bitcoin Price To Crash To $50KSince October, Bitcoin has already dropped around 40% from its high of $126,000, and Burry believes the worst may still be ahead.

However, Bitcoin recently fell below $73,000, its lowest level in over a year, due to weaker demand and lower liquidity. 

He further criticized Bitcoin exchange-traded funds ETFs, which have seen some of their biggest outflows in recent months. He believes ETFs have increased speculation and made price swings even sharper.

Therefore, he believes that Bitcoin could further slide toward $50,000, which could seriously hurt miners and companies tied to crypto.

Bitcoin Holding Company & Miners May Face Heavy RisksBurry is even more worried about large companies that hold Bitcoin on their balance sheets. He warned that firms like Strategy Inc., one of the biggest corporate Bitcoin holders, face serious risks. 

If Bitcoin falls another 10%, the company could face billions of dollars in losses and struggle to raise new funds. 

He also warned that continued price drops could push many Bitcoin mining firms toward bankruptcy. Since miners depend on high Bitcoin prices to stay profitable, a deeper crash could destroy their business models.

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Investor caution forces Tether to rethink plans, scaling down ambitious $20B funding target to $5B.

Market Sentiment:

Bullish Bearish Neutral

Published: February 4, 2026 │ 9:35 AM GMT

Created by Kornelija Poderskytė from DailyCoin

Tether, the issuer of the world’s largest stablecoin USDT, has dramatically scaled back plans for a mega-fundraise after institutional investors raised concerns over the company’s valuation and market timing.

A report from the Financial Times suggested that Tether was considering raising as much as $20 billion, valuing the company at nearly $500 billion. 

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However, advisers and market participants questioned the feasibility of such numbers, given the current crypto market environment. 

Sources now say Tether is exploring a much smaller funding round, closer to $5 billion, reflecting a more cautious approach aligned with investor appetite.

Paolo Ardoino, Tether’s CEO, sought to clarify the situation, saying the original $15–$20 billion figure was a “misconception” rather than a firm target. 

Investor Caution Reflects Market TrendsInvestor hesitation mirrors broader trends across crypto markets, where funders are increasingly emphasizing transparency, operational discipline, and risk management. 

Stablecoin issuers like Tether, which underpin significant portions of digital asset trading, are under particular scrutiny amid heightened regulatory attention in multiple jurisdictions.

Tether has long faced scrutiny over the transparency and backing of its stablecoin reserves, with critics questioning whether each token is fully collateralized. Despite periodic audits and reassurances from the company, it has been under regulatory scrutiny, particularly in the U.S. and Europe.

Why This MattersA smaller, more manageable raise would allow Tether to bolster its reserves and operational flexibility without spooking the market. The episode underscores growing pressure on crypto companies to balance ambitious expansion with credible financial and governance practices.

Discover DailyCoin’s hottest crypto news now:
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People Also Ask:What is a stablecoin fundraise?

A fundraise is when a stablecoin issuer seeks external capital to expand operations, strengthen reserves, or support business growth.

Why do investors question large Tether fundraises?

Extremely large raises can trigger concerns about overvaluation, market impact, and operational risk, especially in volatile crypto markets.

How does the Tether stablecoin USDT maintain its value?

USDT is backed by reserves, including cash and other assets. The company aims to ensure each token can be redeemed for $1.

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Cronos just exploded higher. The cryptocurrency shot up 11% on February 3rd as big money players started buying aggressively, creating a frenzy that caught most traders off guard and sent volumes through the roof.

Whale wallets have been on a shopping spree lately, and it’s pretty clear they’re betting on CRO’s future. These large holders accumulated tokens over several days before the price jump, which usually means they know something the rest of us don’t. But here’s the thing – when whales move this fast, it can create artificial momentum that doesn’t always stick around. The buying pressure from these major players definitely pushed prices higher, but traders are now wondering if regular investors can keep the rally going once the whales step back.

Trading went absolutely wild.

Exchanges saw volume spike way above normal levels as both institutions and retail jumped in. Binance alone reported a 30% bump in CRO trading pairs on February 2nd, showing just how much attention the token grabbed. The increased activity created more liquidity, which then fed back into higher prices – basically a perfect storm that amplified every move up and down.

Leverage traders are having a field day with CRO’s momentum, using borrowed money to amplify their bets. It’s a double-edged sword though. Sure, the potential profits look tempting when prices are climbing, but leverage can wipe out accounts just as fast if things turn south. And with crypto’s reputation for sudden reversals, that’s not really a risk most people should be taking lightly.

The charts tell a mixed story right now. Technical indicators are flashing some warning signs even as prices climb higher.

Moving averages and oscillators suggest CRO might be getting stretched too far too fast. Market veterans have seen this pattern before – rapid gains followed by equally rapid corrections when momentum fades. The current setup looks fragile, according to several analysts who track these patterns for a living.

Crypto markets stay choppy across the board, with major coins swinging wildly in both directions. CRO’s surge fits into this broader volatility trend that’s been dominating headlines for weeks. Bitcoin, Ethereum, and other top tokens have all experienced similar sudden moves, creating an environment where predicting the next direction feels nearly impossible.

DeFi connections might be helping CRO’s case. Cronos has built out a decent ecosystem of decentralized finance products that attract developers and users alike. The platform’s involvement in DeFi could be drawing more institutional interest, especially as traditional finance continues exploring crypto opportunities. But the DeFi space itself remains experimental and risky.

Regulatory pressure keeps building globally. Governments worldwide are watching crypto more closely than ever, and any major policy announcements can send prices in either direction quickly. CRO isn’t immune to these broader regulatory concerns that affect the entire crypto sector.

On-chain data firm Glassnode dropped some interesting numbers on February 3rd. Wallets holding over 1 million CRO tokens boosted their holdings by 5% in just one week. That’s serious accumulation by any measure, though it also raises questions about whether a small group of holders might have too much control over price movements.

Derivatives trading heated up too. Deribit saw open interest in CRO futures jump 20% as traders positioned for more volatility ahead. The futures activity shows people are actively speculating on where CRO heads next, using contracts to either hedge existing positions or make leveraged bets on direction.

Reddit’s CRO community has been buzzing with theories and predictions. A user called CryptoSeer actually called the surge on February 2nd, pointing to whale activity and technical signals. Most community members seem excited but cautious, knowing how quickly crypto fortunes can change.

Cronos Labs hasn’t said anything official about the price action yet. The development team’s silence leaves traders guessing about what might be driving the sudden interest. Sometimes companies stay quiet during volatile periods to avoid influencing markets, but it leaves investors wondering if there’s news coming that could justify current prices.

The sustainability question looms large over CRO’s rally. Whale-driven moves often fade when the big players finish accumulating or start taking profits. With leverage positions piling up and technical indicators looking stretched, the next few days could determine whether CRO built a solid foundation for higher prices or just experienced another crypto head fake that ends in disappointment.

Volume patterns suggest institutional interest beyond just whale accumulation. Professional trading desks appear to be taking CRO seriously as an investment option, which could provide more stable support than retail-driven rallies typically offer.

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BitMine’s stock, BMNR, has continued to see a downturn in its price amid the crypto market crash. This comes as the Ethereum treasury firm now faces over $6 billion in unrealized losses.

Bearish Pressure Builds on BMNR Stock After BitMine Losses According to Yahoo Finance data, the BitMine stock has fallen by nearly 2% at the close of trading on Tuesday. It also declined by nearly 1% during pre-market trading.

Source: Yahoo Finance The continuous fall in the shares has been largely attributed to the fall in value of the firm’s Ethereum treasury. The firm has 3.5% of the circulating ETH supply, valued at $9.9 billion. However, it has seen over $6 billion in unrealized losses as its value drops to a current price of $2,200 per ETH.

Based on data from their transactions as of November 30th, the firm had purchased its initial 3.7 million tokens at a value of almost $15 billion. The value of ETH is currently $8.83 billion. The value of losses also impacted the price movement of the BMNR stock.

It is also worth noting that despite the losses, the firm has continued purchasing additional ETH tokens. On Monday, the firm bought an additional 41,788 tokens. This means that despite the current valuation loss, the firm is continuing with its strategy of accumulating more tokens.

In addition, some firms are increasing their investment portfolios in the firm. For example, Cathie Wood’s Ark Invest has purchased additional shares in BitMine worth about $6 million. This shows that they believe in the potential for the BMNR stock to rebound from its current losses.

Tom Lee Pushes Back on Ethereum Treasury Criticism In a new X post, the BitMine chairman defends its increasing paper losses as a result of the crypto crash. He said that the drawdown was simply a function of the design of its Ethereum treasury strategy, not an issue with execution.

These tweets miss the point of an ethereum treasury:
– BitMine is designed to track the price of $ETH
– outperform over the cycle (think up ETH)
– crypto is in a downturn, so naturally ETH is down$BMNR will see “unrealized” losses on our holdings of ETH during these times:
-… https://t.co/VpoNjAnJdC

— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) February 3, 2026

Lee said that the firm is designed to follow the price of Ethereum and beat it over a market cycle. He also said that it is more similar to an index-style product than a tactical trading strategy. This explains the BMNR stock downturn as well

He said that it is no surprise to see unrealized losses during a broad pullback in crypto, and he wondered why it is a problem in this case and not in index products, which also move lower during a market downturn.

“Crypto is in a downturn, so naturally ETH is down BMNR will see “unrealized” losses on our holdings of ETH during these times,” he said

Tether’s $500 Billion Fundraising Retreat Stokes Speculation—Is an IPO Ever Coming?Tether retreats from a $20 billion raise as investors reject a $500 billion valuationStrong profits keep fundraising optional despite regulatory and transparency concerns.IPO ambitions cool, but US regulation could reopen the door in 2026.Tether, issuer of the $185 billion USDT stablecoin, has dramatically scaled back its private fundraising ambitions.

It raises doubts about a potential IPO once fueled by speculation from crypto insiders like BitMEX co-founder Arthur Hayes.

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Investor Pushback Forces Tether to Reassess Funding AmbitionsTether was initially exploring a $15–20 billion raise at a $500 billion valuation. The figure would have placed the stablecoin issuer among the world’s most valuable private firms.

However, according to the Financial Times, Tether is now considering as little as $5 billion, or potentially no raise at all.

The latest pullback follows a year of heightened market chatter. In September 2025, Hayes reignited Tether IPO speculation, suggesting a public listing for the stablecoin issuer could overshadow Circle’s successful USDC debut.

At the time, Tether’s valuation was pegged at over $500 billion. This positioned it alongside tech and finance giants such as SpaceX, OpenAI, and ByteDance.

Hayes framed the potential listing as a strategic move, with Tether’s USDT circulation of $185 billion and its revenue-generating structure giving it a competitive edge over Circle.

Yet investor sentiment has tempered the hype. Backers reportedly balked at the lofty $500 billion valuation, citing:

Regulatory scrutiny Reserve transparency concerns, and Past allegations of illicit use. Sponsored

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Tether Stays Profitable Amid Market Headwinds, Keeping IPO OptionalA recent S&P Global Ratings downgrade highlighted Tether’s exposure to riskier assets, such as Bitcoin and gold, further heightening caution.

“S&P said there had been an increase in high-risk assets in Tether’s reserves over the past year, including bitcoin, gold, secured loans, corporate bonds, and other investments, all with limited disclosures and subject to credit, market, interest-rate, and foreign-exchange risks. Tether continues to provide limited information on the creditworthiness of its custodians, counterparties, or bank account providers,” Reuters reported, citing S&P.

The broader crypto market’s decline over the past six months further dampened enthusiasm for sky-high valuations, even for the sector’s most profitable player.

Ardoino, however, remains confident in Tether’s fundamentals. He described the $15–20 billion figure as a misconception. According to Ardoino, the company would be “very happy” raising zero capital.

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“That number is not our goal. It’s our maximum, we were ready to sell…If we were selling zero, we would be very happy as well,” read an excerpt in the report, citing Ardoino.

Tether reported $10 billion in profits for 2025, down about 23% from the prior year due to Bitcoin price declines but offset by strong returns on gold holdings.

With profitability firmly intact, Tether has little operational need for additional funds. This suggests the fundraising drive is as much about credibility and strategic partnerships as it is about cash.

Tether IPO: Just a Pipe Dream?The retreat also reshapes expectations for the Tether IPO. While a public listing is no longer imminent, regulatory tailwinds and strategic initiatives keep the option alive.

US stablecoin legislation under President Trump, along with Tether’s new US-compliant USAT token, could provide a pathway for legitimacy in the domestic market.

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Therefore, groundwork could be laid for a potential 2026 IPO if market conditions improve, though the valuation may need to be recalibrated.

Still, Tether’s cautious pivot carries a broader signal for the crypto ecosystem. As the market’s de facto reserve currency with massive Treasury and gold holdings, the company’s retreat highlights a growing emphasis on profitability and transparency over hype.

For other high-valuation crypto firms eyeing public markets, Tether’s experience may serve as a blueprint: sustainable growth and strong fundamentals are increasingly critical to investor confidence, even for marquee names in the industry.

It is also worth noting that Tether CEO Paolo Arodino once articulated that the firm does not need to go public. However, he did not rule it out either.

No need to go public.

— Paolo Ardoino 🤖 (@paoloardoino) June 7, 2025 Disclaimer

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Despite the positive inflows, XRP's price fell below $1.55 once again before more volatility ensued.

In times of heightened uncertainty, rapidly evolving geopolitical situations, and volatility in the US government, investors have shown markedly different behavior toward the spot crypto ETFs.

While those with exposure to the world’s largest cryptocurrency have been consistently pulling funds out of them, the XRP alternatives actually outperformed their counterparts with a strong daily net inflow yesterday.

XRP Outmatches Competition Data from SoSoValue shows that the spot Bitcoin ETFs have been predominantly in the red for the past several weeks. February 2 was a proper exception, with more than $560 million entering the funds. However, the previous business week saw more than $1.4 billion in net outflows. February 3 was another painful trading day, with $272 million being pulled out.

Given the cryptocurrency’s recent price decline, ETF investors’ holdings have dipped below their average cost basis for accumulated BTC for the first time in 18 months.

For the first time in over 18 months, Bitcoin $BTC has dipped below the ETF cost basis at $82,600.

This is the average price at which spot ETFs accumulated BTC. https://t.co/uH0xhcDTUz pic.twitter.com/f9VGeVtAxS

— Ali Charts (@alicharts) February 4, 2026

The other crypto ETFs tracking larger-cap altcoins, though, were in the green. The spot Ethereum ETFs attracted $14.06 million; the SOL funds saw a minor net inflow of $1.24 million; and the XRP products outperformed the rest with a net gain of $19.46 million. In total, the Ripple ETFs saw more daily inflows than all other crypto funds combined yesterday.

In fact, this was the XRP ETFs’ best day since January 5, when net inflows reached $46.10 million. The cumulative net inflows into the Ripple funds is up to $1.20 billion, which is still slightly below the $1.26 peak recorded before the January 29 crash.

You may also like: Earn Yield on XRP: Flare Launches New Lending Markets with Morpho What Happened to the XRP ETFs Last Week as Ripple’s Price Tumbled to $1.70? Ripple CTO Emeritus Debunks Unrealistic XRP Price Predictions Spot XRP ETF Inflows. Source: SoSoValue XRP’s Volatility Yesterday was another highly eventful and volatile trading day in the cryptocurrency markets. Perhaps due to the growing tension in the Middle East and the partial reopening of the US government, or to ETF inflows and outflows, BTC fell to a yearly low of $73,000 before rebounding to over $76,000 as of press time.

The altcoins went through similar fluctuations. Interestingly, XRP dropped to $1.53, then rose to $1.63 before settling at $1.60 as of now. This means that the token is down by almost 17% weekly and 25% monthly. It was brutally rejected at the $2.40 high reached on January 6, and has failed to stage any sort of sustainable recovery since then.

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Bitcoin's relative strength index has fallen below 30, signaling oversold conditions as the cryptocurrency trades near a key $73,000 to $75,000 support zone. Feb 4, 2026, 7:56 a.m.

Savvy traders use a bunch of tools to analyze markets. The relative strength index (RSI) is one of the most popular ones, sniffing out trend strength and momentum extremes.

Right now, the RSI is signaling that bitcoin is oversold, suggesting the recent sell-off has been too intense, and prices could see a relief bounce. But don't bet the farm: the oversold reading doesn't promise a full-blown bull run.

STORY CONTINUES BELOW

Mechanical engineer and renowned technical analyst J. Welles Wilder Jr invented the RSI in 1978, revealing the formula and interpretation in his book "New Concepts in Technical Trading Systems."

The indicator measures price gains and losses over a standard 14-day period, producing a value that oscillates between 0 and 100. A reading below 30 signals that price losses have outpaced gains too aggressively over the past 14 days, a sign of strong bearish momentum.

Wilder and RSI adherents call it oversold: the market has plunged too far, too fast relative to recent norms, priming it for mean reversion or a rebound.

The market often bounces when the RSI prints oversold conditions, even though a reading below 30 by itself only indicates what has recently happened.

The logic behind such oversold bounces is simple: trader interpretation turns it into a self-fulfilling prophecy, as enough desks and algos pile into oversold bounces, making the rebound happen.

It's especially true when an oversold reading appears while the asset trades near key support – a price level where buyers previously stepped in to arrest the slide at that time.

That's precisely the situation with bitcoin right now.

Bitcoin trades near key support as RSI flashes oversold conditions. (CoinDesk)

The chart shows BTC's daily price swings in candlestick format, with the 14-day RSI in the lower pane. A candlestick chart visually captures an asset's price action over a set period, such as a day or an hour, showing the open, close, high, and low prices in a single compact shape that resembles the candles we use in everyday life.

The RSI has dropped below 30, signaling oversold conditions, while bitcoin trades near the $73,000-$75,000 support zone. The April 2025 slide fizzled out in this range, and the early 2024 bull run stalled in the same range. This cements it as a pivotal battleground of buying and selling over the past two years.

Thus, the self-fulfilling prophecy could play out, leading to a notable price bounce.

That said, a bounce is not promised, and a potential bounce doesn't necessarily indicate the beginning of a new bull run. Just as any other indicator, the RSI can produce fake signals.

Besides, context matters. Oversold readings have historically yielded only meagre bounces amid broader bearish trends, as in 2022. The last one, in November, ushered in a multi-week consolidation that ultimately gave way to last month's deeper sell-off.

Journalist

Posted: February 4, 2026

Morpho [MORPHO] has surged 15% in the past 24 hours, at press time, breaking out of its recent consolidation phase.

Beyond this bullish technical move, several long‑term metrics have also strengthened, suggesting the rally may extend beyond short‑term speculation.

The key question now is whether this momentum signals a sustained long‑term run or if the token is poised for a short‑term correction.

TVL is rising along with the recent bullish price action A notable change is in Morpho’’s Total Value Locked (TVL). Recent DefiLlama data shows that the number of tokens locked has risen in step with the surging prices.

This suggests that capital from Morpho investors is flowing into the protocol rather than circulating across the exchanges.

As observed from previous similar scenarios, most altcoins’ rallies that entirely depended on price action faded quickly, while those backed by growing usage often lasted longer.

In this case, the Morpho TVL expansion points to renewed investor confidence in the network, and the current bullish run could be in for the long game.

Source: DefiLlama

Holders appear in no rush to exit Another subtle but important signal comes from the 90-day Mean Coin Age, which has also increased.

Simply put, Morpho tokens are moving less, even as the price rises. That usually implies holders are choosing to sit tight rather than sell into strength.

When the Mean Coin Age rises during a rally, it signals accumulation and conviction rather than distribution. This trend can ease immediate selling pressure, giving the price more room to stabilize and potentially extend its upward move in the near term.

Source: Santiment

So, can momentum continue? Taken together, the data paint a constructive bullish picture. Rising TVL suggests commitment, while increasing Mean Coin Age points to patience among holders. Both support the token’s longer-term bias.

That said, a consistent bullish move is never guaranteed. After a 15% daily gain, some cooling or consolidation would not be unusual. The key question is whether buyers continue to defend recent levels.

However, Morpho’s latest rally looks better supported as long as the resistance zone at around $1.1 still holds than a typical short-term spike.

If long-term confidence continues to build, the bullish momentum could extend to hunt for liquidity above the $1.4 resistance level.

For now, the market seems willing to give the move the benefit of the doubt to the bulls. Moreso, given that the stochastic RSI is just bouncing off an oversold zone.

Source: TradingView

Final Thoughts Morpho prices record significant gains as TVL rises alongside the price surge. The token’s 90-day mean coin age has spiked, highlighting holders’ reluctance to quick shorts.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Fundstrat’s Tom Lee just stepped into the line of fire. His mission? Defending Bitmine’s staggering $6.6B unrealized loss on Ethereum. While that figure is startling, roughly the GDP of a small nation, Lee argues it’s not capitulation. It’s a ‘technical and time-based bottom.’

Basically, he sees this massive drawdown as a lagging indicator of the bear market we’re leaving behind, not a warning of what’s ahead.
Why does this matter? When veterans like Lee defend underwater positions, it usually signals a shift from ‘risk-off’ to aggressive accumulation.

The market seems to have absorbed the worst liquidation shocks. But let’s be honest, that $6.6B hole highlights a glaring structural weakness: liquidity fragmentation. Big players often get stuck in siloed environments, unable to move capital efficiently without getting hit by massive slippage. It’s a mess.

While legacy giants weather the valuation storm, new infrastructure is emerging to fix the rigidity trapping their capital. As the market recovers, eyes are turning to Layer 3 (L3) protocols designed to stitch these fractured ecosystems back together.

That’s where LiquidChain ($LIQUID) comes in, a project aiming to dissolve the walls between Bitcoin, Ethereum, and Solana.

Buy your $LIQUID here.

Unifying Liquidity in a Fragmented Market The headache plaguing DeFi (and hurting portfolios like Bitmine’s) is simple: you can’t trade seamlessly across chains. Moving value from Bitcoin’s vault to Solana’s high-speed racetrack usually involves risky bridges, wrapped assets, and counterparty exposure.

LiquidChain isn’t just another bridge; it’s positioning itself as a ‘Cross-Chain Liquidity Layer’ to cut through that friction.

The project uses a ‘Single-Step Execution’ model. Instead of forcing you to lock assets on Chain A to mint synthetics on Chain B, the protocol fuses liquidity from BTC, ETH, and SOL into one environment. For traders, that means accessing deep liquidity without the nightmare of managing five different wallets or trusting centralized middlemen.

Under the hood, the architecture relies on ‘Verifiable Settlement.’ Execution happens instantly on the LiquidChain L3, but finality is anchored securely. By creating a unified venue for liquidity staking, LiquidChain tackles the capital inefficiency leaving billions dormant in isolated silos.

Explore the LiquidChain ecosystem.

The Developer Advantage: Write Once, Deploy Everywhere But liquidity is only half the battle. Long-term survival depends on devs. Right now, cross-chain development is a grind, teams have to juggle Rust (Solana), Solidity (Ethereum), and Bitcoin Script.

That fragmentation kills innovation and creates massive security blind spots.

LiquidChain solves this with a ‘Deploy-Once Architecture’ powered by a Cross-Chain VM. Developers can build apps that interact with assets across all chains without rewriting smart contracts for every environment.

Imagine a DeFi protocol that taps into Bitcoin’s trillion-dollar capital base and Solana’s sub-second speeds simultaneously. That’s the goal.

This shifts the focus from bridging assets to bridging applications. If Tom Lee is right and we’re at a technical bottom, the next cycle will be defined by interoperability plays that actually reduce friction. LiquidChain wants to be the engine room for that era, backing developers ready to build on unified infrastructure.

$LIQUID is available here.

This article is for informational purposes only and does not constitute financial advice. Crypto assets are high-risk; always conduct independent due diligence before investing.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Economist Mohamed A. El-Erian noted on Tuesday that gold has delivered higher returns than Bitcoin (CRYPTO: BTC) over the last five years.

Buterin is concerned that many layer-2s have not fully inherited Ethereum’s security or achieved meaningful decentralization. Separately, Coin Metrics reported that low-value stablecoin transfers now account for about 11% of Ethereum transactions and 26% of active addresses after recent upgrades lowered transaction costs.

Vitalik Buterin Challenges Ethereum’s Layer-2 ModelVitalik Buterin caused a major debate inside the Ethereum ecosystem after publicly reversing his long-held belief that layer-2 networks should serve as the primary path for scaling Ethereum. In a post shared on X, Buterin said that the original vision for layer-2s “no longer makes sense,” and argued that many of these networks have failed to achieve meaningful decentralization or genuinely inherit Ethereum’s security guarantees. 

Layer-2s were designed to process transactions cheaply and at high speed while relying on Ethereum as a secure settlement layer, but Buterin suggested that this promise broke down in practice. In his view, systems that boast high throughput while relying on multisig bridges or weak trust assumptions are not truly scaling Ethereum, even if they run Ethereum-compatible virtual machines.

Buterin’s critique centers on the disconnect between Ethereum’s base layer and many of the layer-2 networks built on top of it. He explained that Ethereum scaling was meant to create block space that is fully secured by the mainnet, ensuring transactions are valid, uncensored, and final under Ethereum’s consensus. When that link is diluted, he argued, the result is effectively a separate system rather than an extension of Ethereum itself. 

As a result, Buterin suggested that layer-2 networks should pivot away from competing on raw scalability and instead focus on specialized niches like privacy-preserving applications, digital identity, finance, social platforms, and AI-driven use cases. This would allow Ethereum’s ecosystem to diversify without compromising the integrity of the base layer.

The comments are a big shift in Ethereum’s technical narrative, which for years positioned layer-2s as the central solution to congestion and high fees. They also revive a long-running internal debate among developers over whether Ethereum should prioritize scaling its own mainnet more aggressively. 

ETH’s price action over the past year (Source: CoinCodex)

Alongside his criticism of layer-2s, Buterin also shared why he believes Ethereum’s mainnet is now better positioned to scale directly. He pointed to recent and upcoming changes, including increases to the gas limit and the development of native rollups, as evidence that Ethereum can boost throughput without outsourcing execution. 

Native rollups differ from traditional rollups by being built directly into Ethereum’s protocol, allowing transaction execution to be verified by Ethereum validators rather than external systems. This approach is expected to become even more powerful once zero-knowledge Ethereum Virtual Machine proofs are integrated at the base layer.

Ethereum developers already discussed raising the gas limit from 60 million to 80 million after recent upgrades, which would allow more transactions and smart contract operations to fit into each block. Such changes could materially improve network capacity and help reduce fees during periods of heavy demand. 

Looking further ahead, Ethereum researcher Justin Drake shared a long-term vision in which the network could reach roughly 10,000 transactions per second on the mainnet over the next decade, which is a dramatic increase from today’s levels. Taken together, Buterin’s comments suggest Ethereum’s roadmap is undergoing a strategic pivot, with specific focus on strengthening the base layer.

Stablecoin Dust Floods Ethereum ActivityMeanwhile, Coin Metrics says a sharp rise in low-value stablecoin transfers is reshaping activity on Ethereum, with so-called dusting attacks now estimated to account for roughly 11% of all transactions and about 26% of active addresses on an average day. 

The increase follows Ethereum’s Fusaka upgrade in December, which lowered transaction costs by improving how on-chain data is handled and reducing the expense of posting information from layer-2 networks back to the mainnet. While the upgrade helped make Ethereum cheaper and more accessible, it also created favorable conditions for address poisoning schemes that rely on sending tiny amounts of tokens to large numbers of wallets.

Ethereum has recently been processing more than 2 million transactions per day on average, with activity peaking at nearly 2.9 million in mid-January. Daily active addresses have climbed to around 1.4 million, which is a roughly 60% increase compared with prior norms. 

Coin Metrics attributes a meaningful portion of this surge not to organic usage, but to automated dusting activity involving stablecoins like USDC and USDT. The firm analyzed more than 227 million balance updates for these tokens on Ethereum between November 2025 and January 2026, finding that a large share involved transfers of negligible value.

Median transaction size on Ethereum (Source: CoinMetrics)

According to the analysis, about 43% of observed balance updates involved transfers of less than $1, while 38% were under a single cent. Coin Metrics described these amounts as having “insignificant economic purpose other than wallet seeding,” which is a tactic commonly used in address poisoning attacks. 

Ethereum stablecoin transfer size distribution (Source: CoinMetrics)

The number of addresses holding small “dust” balances—greater than zero but less than one native unit—has grown sharply, consistent with millions of wallets receiving tiny deposits designed to trick users into copying malicious addresses later on. Before the Fusaka upgrade, stablecoin dust accounted for roughly 3% to 5% of Ethereum transactions and about 15% to 20% of active addresses. After the upgrade, those figures jumped to an estimated 10% to 15% of transactions and 25% to 35% of active addresses on a typical day.

Despite the spike in dust-related activity, Coin Metrics explained that the majority of stablecoin usage on Ethereum is still legitimate. The firm found that 57% of balance updates involved transfers above $1, suggesting that most users are still engaging in genuine payments, trading, and settlement activity. Even so, researchers warn that the growing prevalence of dusting attacks increases the risk for everyday users, particularly during periods of heightened network activity and low fees.

Assets in spot Bitcoin (BTC) ETFs slipped below $100 billion on Tuesday following a fresh $272 million in outflows.

According to data from SoSoValue, the decline marked the first time spot Bitcoin ETF assets under management have fallen below that level since April 2025.

This marked the first time spot Bitcoin ETF AUM had slipped under the $100 billion threshold since April 2025, after peaking at about $168 billion in October.

The drop came amid a broader crypto market sell-off, with Bitcoin sliding below $74,000 on Tuesday. The global cryptocurrency market capitalization fell from $3.11 trillion to $2.64 trillion over the past week, according to CoinGecko.

Altcoin funds secure modest inflowsThe latest outflows from spot Bitcoin ETFs followed a brief rebound in flows on Monday, when the products attracted $562 million in net inflows.

Still, Bitcoin funds resumed losses on Tuesday, pushing year-to-date outflows to almost $1.3 billion, coming in line with ongoing market volatility.

Spot Bitcoin ETF flows since Jan. 26, 2026. Source: SoSoValue
By contrast, ETFs tracking altcoins such as Ether (ETH), XRP (XRP) and Solana (SOL) recorded modest inflows of $14 million, $19.6 million and $1.2 million, respectively.

Is institutional adoption moving beyond ETFs?The ongoing sell-off in Bitcoin ETFs comes as BTC trades below the ETF creation cost basis of $84,000, suggesting new ETF shares are being issued at a loss and placing pressure on fund flows.

Market observers say that the slump is unlikely to trigger further mass sell-offs in ETFs.

“My guess is vast majority of assets in spot BTC ETFs stay put regardless,” ETF analyst Nate Geraci wrote on X on Monday.

Source: Nate GeraciThomas Restout, CEO of institutional liquidity provider B2C2, echoed the sentiment, noting that institutional ETF investors are generally resilient. Still, he hinted that a shift toward onchain trading may be underway.

“The benefit of institutions coming in and buying ETFs is they're far more resilient. They will sit on their views and positions for longer,” Restout said in a Rulematch Spot On podcast on Monday.

“I think the next level of transformation is institutions actually trading crypto, rather than just using securitized ETFs. We’re expecting the next wave of institutions to be the ones trading the underlying assets directly,” he noted.

Magazine: DAT panic dumps 73,000 ETH, India’s crypto tax stays: Asia Express

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

Meanwhile, HASH and HYPE have declined the most over the past 24 hours after charting impressive gains lately.

Bitcoin’s adverse price actions as of late worsened yesterday when the asset tumbled to its lowest positions since early November 2024 at $73,000 before recovering by a few grand.

Most altcoins followed suit with enhanced volatility, but some, such as SOL, HYPE, and CC, have been hit harder than others.

BTC’s Latest Rollercoaster It was just a week ago when the primary cryptocurrency challenged the $90,000 resistance ahead of the first FOMC meeting for the year. After it became official that the Fed won’t cut the rates again, BTC remained sluggish at first but started to decline in the following hours.

The escalating tension in the Middle East was also blamed for another crash that took place on Thursday when bitcoin plunged to $81,000. It bounced off to $84,000 on Friday but tumbled once again on Saturday, this time to under $75,000. Another recovery attempt followed on Monday, only to be rejected at $79,000.

Tuesday brought the latest crash, this time to a 15-month low of $73,000. It has rebounded since then to just over $76,000, but it’s still 3% down on the day. Moreover, it has lost 14% of its value weekly and a whopping 18% monthly.

Its market capitalization has plummeted to $1.525 trillion on CG, while its dominance over the alts has declined to 57.3%.

BTCUSD Feb 4. Source: TradingView SOL Below $100 Most larger-cap altcoins have felt the consequences of the violent market crash lately. Ethereum went from over $3,000 to $2,100 in the span of a week, before bouncing to $2,280 as of now. BNB is down to $760, while SOL has plummeted to under $100 after a 7% daily decline.

Even the recent high-flyer HYPE has retraced hard daily. The token is down by 11% to $33. CC and ZEC are also deep in the red, while XMR has gained the most from the larger caps.

The cumulative market cap of all crypto assets has seen more than $70 billion erased in a day and is down to $2.65 trillion on CG.

Cryptocurrency Market Overview Feb 4. Source: QuantifyCrypto

Ted Hisokawa Feb 04, 2026 07:21

XLM Price Prediction Summary • Short-term target (1 week): $0.19-$0.20 • Medium-term forecast (1 month): $0.25-$0.27 range • Bullish breakout level: $0.19 • Critical support: $0....

XLM Price Prediction Summary • Short-term target (1 week): $0.19-$0.20 • Medium-term forecast (1 month): $0.25-$0.27 range
• Bullish breakout level: $0.19 • Critical support: $0.17

What Crypto Analysts Are Saying About Stellar Recent analyst coverage has been notably bullish on Stellar's medium-term prospects. Zach Anderson noted on January 27, 2026, that "Stellar (XLM) trades at $0.21 with neutral RSI signals. Technical analysis suggests potential recovery toward $0.25-$0.27 resistance zone by February 2026."

This sentiment was echoed by Peter Zhang, who stated on January 24, 2026, that "Stellar (XLM) trades at $0.21 with technical indicators suggesting potential recovery toward $0.25-$0.27 resistance zone by February 2026, despite current bearish momentum signals."

Terrill Dicki provided additional context on January 28, 2026, explaining that "Stellar (XLM) is trading at $0.2086 as of January 28, 2026, showing modest consolidation after recent market volatility. With technical indicators presenting mixed signals and analyst targets pointing toward potential upside, this XLM price prediction examines the key levels that could drive Stellar's next major move."

The consensus among these analysts points to a target range of $0.25-$0.27, representing potential upside of 39-50% from current levels.

XLM Technical Analysis Breakdown The current technical picture for Stellar presents a mixed but potentially constructive setup. Trading at $0.18, XLM has shown remarkable stability with zero price change over the past 24 hours, suggesting consolidation rather than continued selling pressure.

The RSI reading of 30.94 sits in neutral territory, though closer to oversold conditions, which could indicate a potential bounce. The MACD histogram at -0.0000 shows bearish momentum has largely stalled, suggesting the downtrend may be losing steam.

Stellar's position within the Bollinger Bands tells an interesting story. At 0.12 on the %B indicator, XLM is trading very close to the lower band at $0.17, with the middle band (20-day SMA) at $0.20 and upper band at $0.24. This positioning often precedes mean reversion moves back toward the middle band.

The moving average structure reveals the longer-term challenge facing Stellar. While the 7-day SMA at $0.18 aligns with current price, XLM trades below all other major moving averages, including the 20-day SMA at $0.20, 50-day SMA at $0.21, and significantly below the 200-day SMA at $0.31.

Stellar Price Targets: Bull vs Bear Case Bullish Scenario The bullish case for this XLM price prediction centers on a break above the immediate resistance at $0.19. Such a move would target the 20-day SMA at $0.20, aligning with analyst projections for initial recovery.

A sustained move above $0.20 would open the door to the analyst target zone of $0.25-$0.27, coinciding with the upper Bollinger Band at $0.24 and potentially extending to test the 50-day moving average region.

The key technical confirmation needed would be a daily close above $0.19 with accompanying volume expansion above the recent average of $13.5 million on Binance.

Bearish Scenario The bearish scenario for this Stellar forecast would materialize on a break below the strong support at $0.17, which aligns closely with the lower Bollinger Band. Such a move could target the next support level at $0.16.

Risk factors include the broad cryptocurrency market sentiment, potential continued selling pressure, and the significant distance XLM needs to travel to reclaim key moving averages. The 200-day SMA at $0.31 represents a 72% move from current levels, highlighting the magnitude of the recent decline.

Should You Buy XLM? Entry Strategy For those considering XLM exposure, the current technical setup suggests a measured approach. The primary entry zone appears to be $0.17-$0.18, offering proximity to key support levels with defined risk.

A more aggressive entry could be considered on a confirmed break above $0.19, targeting the $0.20-$0.22 range with a stop-loss below $0.17. This approach aligns with the analyst consensus while maintaining reasonable risk management.

Conservative investors might wait for a sustained move above the 20-day SMA at $0.20 before establishing positions, though this would sacrifice some upside potential in exchange for greater confirmation of trend reversal.

Risk management is crucial given the 30-day ATR of $0.01, suggesting position sizing should account for potential 5-6% daily moves in either direction.

Conclusion This XLM price prediction suggests Stellar is positioned for a potential recovery toward the $0.25-$0.27 zone over the coming month, supported by analyst consensus and technical indicators showing signs of bottoming. However, immediate resistance at $0.19 and broader market conditions require careful monitoring.

The confluence of oversold conditions, analyst bullishness, and key support holding at $0.17 creates a cautiously optimistic outlook for this Stellar forecast. Traders should remain disciplined with risk management while positioning for the potential 39-50% upside move that technical and fundamental analysis suggests.

Disclaimer: Cryptocurrency investments carry significant risk. This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consider your risk tolerance before making investment decisions.

Image source: Shutterstock

xlm price analysis xlm price prediction

Darius Baruo Feb 04, 2026 07:33

Aptos (APT) trades at $1.28 with technical indicators showing oversold conditions. Analysts target $1.90-$2.43 range as APT seeks recovery from current support levels.

APT Price Prediction Summary • Short-term target (1 week): $1.50-$1.65 • Medium-term forecast (1 month): $1.80-$2.10 range
• Bullish breakout level: $1.37 • Critical support: $1.15

What Crypto Analysts Are Saying About Aptos Recent analyst coverage has provided measured optimism for APT's price trajectory. According to Tony Kim's January 23 analysis, "APT trades at $1.58 with analysts targeting $2.00-$2.10 short-term and $2.10-$2.43 medium-term." This assessment came when APT was trading higher than current levels, suggesting the recent pullback may present opportunity.

Timothy Morano echoed similar sentiment in his January 23 forecast, projecting a "short-term target (1 week): $2.00-$2.10" with "medium-term forecast (1 month): $2.10-$2.43 range." Earlier in January, Rongchai Wang provided slightly more conservative targets of "$1.90-$2.01" for the short term and "$2.25-$2.43 range" for the medium term.

While these predictions were made when APT traded at higher levels, the fundamental analysis supporting these targets remains relevant as the token seeks to establish a recovery base.

APT Technical Analysis Breakdown Current technical indicators paint a mixed but potentially constructive picture for this APT price prediction. Trading at $1.28, Aptos sits well below its key moving averages, with the 7-day SMA at $1.32 providing immediate resistance. The 20-day SMA at $1.51 represents the first major hurdle for any sustained recovery.

The RSI reading of 32.56 indicates APT is approaching oversold territory without being extremely oversold, suggesting potential for a technical bounce. The MACD histogram at 0.0000 shows bearish momentum has stalled, which could precede a momentum shift if buying pressure emerges.

Bollinger Bands analysis reveals APT's position at 0.16, meaning the token trades much closer to the lower band ($1.17) than the upper band ($1.86). This positioning often indicates oversold conditions and potential mean reversion opportunities. The middle band at $1.51 aligns with the 20-day moving average, reinforcing this level as a key recovery target.

Key support levels stand at $1.21 (immediate) and $1.15 (strong), while resistance appears at $1.32 (immediate) and $1.37 (strong). The daily ATR of $0.11 suggests moderate volatility, providing reasonable risk-reward ratios for position sizing.

Aptos Price Targets: Bull vs Bear Case Bullish Scenario In the bullish case for this Aptos forecast, APT breaks above the immediate resistance at $1.32-$1.37, triggering momentum toward the 20-day SMA at $1.51. A successful reclaim of this level would target the upper Bollinger Band near $1.86, representing a 45% upside from current levels.

The analyst targets of $1.90-$2.10 become achievable if APT can sustain above $1.50 and attract renewed buying interest. Volume expansion above the recent $7.4 million daily average would provide crucial confirmation of upward momentum.

Technical confirmation would come from RSI moving above 50 and MACD generating a bullish crossover above the signal line.

Bearish Scenario The bearish scenario sees APT failing to hold current support levels around $1.21. A break below $1.15 would expose the lower Bollinger Band at $1.17 and potentially drive the token toward the $1.00 psychological level.

Risk factors include broader crypto market weakness, continued selling pressure, and failure to generate meaningful trading volume. The significant gap between current price and the 200-day SMA at $3.22 highlights the distance from longer-term bullish territory.

Should You Buy APT? Entry Strategy For this APT price prediction strategy, consider dollar-cost averaging between $1.25-$1.30 with a larger allocation if the token tests the $1.15-$1.21 support zone. The current oversold technical condition provides reasonable risk-reward for patient accumulation.

Stop-loss levels should be placed below $1.10 to limit downside risk, representing approximately 15% from current levels. This allows room for normal volatility while protecting against significant breakdown.

Take-profit targets align with analyst projections: first target at $1.65 (29% gain), second at $1.90 (48% gain), with final targets in the $2.10-$2.43 range representing 64-90% upside potential.

Conclusion This APT price prediction suggests moderate bullish potential over the coming weeks, with analyst targets of $1.90-$2.43 providing reasonable upside objectives. The current technical setup shows oversold conditions that often precede recoveries, though broader market conditions will heavily influence timing.

The Aptos forecast remains constructive for patient investors willing to accumulate during weakness, with key resistance at $1.37 serving as the crucial breakout level to monitor.

Disclaimer: Cryptocurrency price predictions carry significant risk. This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consider your risk tolerance before making investment decisions.

Image source: Shutterstock

apt price analysis apt price prediction

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Michael Burry, the “Big Short” investor recognized for predicting the 2008 financial crisis, has sounded an alarm on  Bitcoin price crash. He cautions that Bitcoin’s sharp fall could trigger a “death spiral,” severely impacting Bitcoin treasury companies, gold, silver, and the broader financial markets.

Michael Burry Reveals How Bitcoin Price Could Crash Financial Markets? Michael Burry argues that Bitcoin price crash has increased beyond 40% from its recent peak, falling to a low of $72,897. He described the asset as a purely speculative instrument rather than as digital gold or a hedge against inflation and currency debasement.

Further losses, he said, could rapidly strain the balance sheets of more than 150 Bitcoin treasury companies, triggering a crypto market crash and domino effect on global stock markets.

“There is no organic use case reason for Bitcoin to slow or stop its descent,” Burry added. Massive outflows from spot Bitcoin ETFs indicates bearish sentiment among institutional investors.

Unlike gold and silver, BTC has failed to respond to typical upside drivers such as US dollar weakness or geopolitical risk. Notably, Bitcoin reacted to Monday’s ISM Manufacturing PMI data release similar as stocks and rose above $79K, crypto experts called it “wild.”

Michael Burry Shares “Sickening Scenarios” if Bitcoin Selloff Deepens “Sickening scenarios have now come within reach,” Michael Burry claims. Bitcoin price crash below $70K could lead to $4 billion in unrealized losses for Strategy (NASDAQ: MSTR), the world’s largest corporate Bitcoin holder. Additional drops, he said, would push Bitcoin miners toward bankruptcy.

His comments come as Bitcoin tumbled below $73K to its lowest since President Donald Trump retook the White House. Experts including veteran trader Peter Brandt predicted BTC could fall to $54K. Analysts have cited reasons including fading inflows, declining liquidity, macro stress, and Trump nominating hawk Kevin Warsh as Fed Chair.

If BTC price continues to fall, risk managers will start advising their clients to sell, Burry warned. This is not Michael Burry’s first critical take, as he previously compared Bitcoin to past bubbles. However, the latest analysis highlights new concerns regarding corporate exposure and cross-asset contagion in the current market cycle.

Bitcoin Price Crash Risks to Gold and Silver While Michael Burry warns of a death spiral, the crypto market’s exposure remains small to trigger broad contagion. Notably, Bitcoin’s almost $1.5 trillion market cap, low household exposure, and limited corporate adoption suggest any impact would likely be mitigated.

But as Bitcoin price continues to crash below certain key support levels, Burry predicts worsening conditions in the financial markets. He claims the fall in the crypto market is partly to blame for the recent collapse in gold and silver prices. Institutions and corporate treasuries book profits worth billions in tokenized gold and silver futures to cover crypto-related margin calls and losses.

He added that these tokenized metal futures are not backed by physical metals and may exacerbate trading in physical metals. “Tokenized metals futures would collapse into a black hole with no buyer,” he said.