Market Signal Briefing

Australian investors could soon gain regulated Bitcoin exposure as institutional players drive mainstream adoption of digital assets.

Key Takeaways

BlackRock is planning to launch a Bitcoin ETF in Australia, expanding its regulated crypto offerings to the Asia-Pacific region.
The ETF will allow Australian investors to gain Bitcoin exposure via traditional stock exchanges, without the need for direct crypto ownership or offshore investments.

BlackRock, the world’s largest asset manager, plans to list its iShares Bitcoin ETF (IBIT) on the Australian Securities Exchange, marking a major step in expanding regulated crypto investment access across the Asia-Pacific region.

The move would provide Australian investors with direct access to Bitcoin exposure through traditional stock exchanges, eliminating the need for offshore investment vehicles or direct crypto custody.

BlackRock manages over $10 trillion in assets globally and has been aggressively expanding its crypto offerings. The company’s iShares Bitcoin Trust became one of the most successful ETF launches in US history after its January 2024 debut, attracting billions in investor funds within months.

Australia has emerged as a key market for crypto ETF expansion, with regulatory frameworks that support institutional-grade Bitcoin investment products. The Australian Securities Exchange has signaled openness to listing crypto-related investment vehicles as part of the country’s broader digital asset integration strategy.

The ETF would target both retail and institutional investors seeking regulated Bitcoin exposure without the complexities of direct cryptocurrency ownership, including wallet management and security concerns.

Disclaimer

In October, stablecoin transaction volumes increased by 45% to $2.8 trillion, up from the record of $1.94 trillion in September. The surge comes as large-scale investors continue accumulating Ethereum-based stablecoins amid volatile market conditions.

The market capitalization of Ethereum stablecoins has increased by a record 1.36% weekly, surpassing $165 billion. Tether's USDT leads with 85.88 billion tokens circulating on Ethereum, experiencing a monthly growth rate of 8.12%. Circle's USDC comes next, with 48.2 billion tokens in circulation, which increased by 5.79% during the same period.

Stablecoin transfer volume on Ethereum, Source: X

On-chain data show that the aggregate amount of stablecoin transactions on Ethereum has increased by 1,000% since May 2023. This expansion positions stablecoins as a significant force in digital payments infrastructure.

Market Position and Annual PerformanceStablecoins control around 60% of the broader market with a total circulation of more than $308 billion. USDT leads with a market capitalization of over $183.6 billion. The USDC is ranked second with an approximate of $75 billion, which is 41% of the stablecoin market.

The annual transaction volume for stablecoins has surpassed $27 trillion, accounting for approximately 1% of daily global payment flows. Present growth trends suggest that stablecoin settlement volumes may surpass those of traditional finance networks within the next ten years.

The momentum of its adoption is driven by rising demand for cross-border transfers, real-time settlement, and access to payments outside traditional banking hours. They are now utilized in remittances, decentralized finance protocols, trading operations, capital markets, corporate treasury management, and consumer payments.

Infrastructure Competition IntensifiesAccording to Gate Research, the development of infrastructures is now of utmost importance to major issuers compared to token expansion. Stablecoin providers focus on building foundational settlement networks rather than simply broadening token issuance.

Tether has introduced Plasma products, aiming at retail and institutional payment systems. Circle has recently opened Arc, an infrastructure-focused platform of stablecoins. These actions indicate a strategic shift towards utility and settlement infrastructure.

Research Associate at Presto Research, Min Jung, observed the sector's momentum. The recent regulatory shifts, such as the passage of the GENIUS Act and the Circle's IPO, have accelerated this trend. 

Cover image via U.Today

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

Ripple USD (RLUSD) stablecoin has crossed $1 billion in total market capitalization, the biggest for any stablecoin on XRP Ledger.

Ripple USD (RLUSD) is minted on both Ethereum and XRP Ledger, with both networks accounting for its total supply, which is now 1.02 billion, according to CoinMarketCap data.

Ripple tweeted about this milestone recently, highlighting that RLUSD has surpassed $1 billion mark within less than a year of its launch. RLUSD stablecoin saw its global debut in December 2024.

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Reacting to the milestone, Jack McDonald, SVP of stablecoins at Ripple, tweeted being proud of the stablecoins team at Ripple as the RLUSD stablecoin surpasses $1 billion in market capitalization.

This tweet was noticed by Ripple President Monica Long, who also commended the efforts of the stablecoin team at Ripple while sharing excitement at the $1 billion milestone: "The RLUSD team puts the pedal to the metal everyday.congrats JackMcDonald and team on this achievement."

Ripple says this is just the beginningIn its tweet, Ripple hinted that the recent $1 billion milestone might just be the start, adding that "with Ripple Prime, GTreasury, and Rail now joining the effort, RLUSD and XRP will drive faster, efficient and compliant settlement worldwide."

Ripple completed its acquisition of Hidden Road — now Ripple Prime — which will significantly enhance the utility and reach of Ripple’s stablecoin, RLUSD. The Ripple USD stablecoin is already being used as collateral for a number of prime brokerage products, with certain derivatives customers holding their balances in RLUSD.

In a major milestone, Ripple Prime has taken off in the U.S. with the launch of digital asset spot prime brokerage capabilities — allowing clients to execute OTC spot transactions across digital assets and stablecoins, including XRP and RLUSD.

At October's close, RLUSD secured listing on Bitpanda, Europe's leading retail broker for buying and selling cryptocurrencies, with more exchange listings expected ahead.

The world’s first Chinese decentralized contract exchange, Sun Wukong, has seen its trading volume surge to more than $3.6 billion less than a month after its launch.

Summary

Sun Wukong, the world’s first Chinese-branded decentralized perpetual exchange, has recorded over $3.65 billion in trading volume and 35,600 active users less than a month after its Oct. 9 launch.
The platform’s rapid growth underscores renewed crypto interest among Chinese investors despite the mainland’s trading ban, as Hong Kong emerges as a regional digital-assets hub amid calls for looser regulations.

According to data from the platform’s main site, Sun Wukong generated a trading volume amounting to $3.65 billion as of Nov. 4. The number is impressive considering the platform had just been launched less than a month ago, specifically on Oct. 9. Since then, the number of active users have reached 35,600 addresses.

At the moment, the top asset pairs being traded on the platform include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), Hyperliquid (HYPE), and SUI (SUI). BTCUSDT alone has contributed $35.18 million in daily trading volume, while ETHUSDT is not far behind with a trading volume of $34.88 million.

Within the past 24 hours, the platform has accumulated $145.5 million in trading volume, indicating large demand from a mostly Chinese investor pool. Meanwhile, crypto trading is still banned in the region since 2021.

However, recent advancements in the stablecoin industry and wider decentralized finance has led to lawmakers urging the Chinese government to ease their strict grip over crypto. In fact, experts have been pushing for Hong Kong and China to join forces in advancing cryptocurrency.

Although China has maintained its ban on crypto trading, it has allowed for the Hong Kong special administrative region to develop itself into a regional crypto hub. While Hong Kong continues to strengthen its status as a center for digital assets, China has been advancing in digital finance through the expansion of digital payment systems and the integration of artificial intelligence technologies.

However, both regions are still trailing behind other Asian countries in terms of crypto adoption. According to data from Chainalysis, India leads the region in retail and institutional crypto activity, followed by Vietnam in third place. In comparison, Hong Kong and China rank 17th in retail centralized service value received.

Though with the rise of trading on Sun Wukong, it could be an early indication that Chinese traders are gravitating towards crypto despite the region-wide ban.

What is Sun Wukong?
Established on Oct. 9, Sun Wukong DEX the first native decentralized perpetual futures exchange in the TRON (TRON) ecosystem. Although it is known widely under the brand name SunPerp, it is launched under the Chinese brand name Sun Wukong.

The platform supports trading of perpetual futures and swaps in a non-custodial, decentralized environment. Some of the features offered by the platform include zero trading gas fees, a hybrid structure that combines on-chain settlement with off-chain order matching, and support for perpetual futures and swap contracts with leverage.

The platform has an interface that is localized for the Chinese-speaking market, hence why it is described as the world’s first Chinese-branded decentralized perpetual contracts exchange.

Although the platform was initially launched on TRON, the platform has expanded its support for other major chains like Ethereum, BNB Chain (BNB), and Arbitrum (ARB). In addition, Sun Wukong implements multi-oracle systems, liquidation protections, and self-custody via multisig.

During its public test phase, Sun Wukong reportedly had more than 10,000 users and a trading volume that reached $900 million.

Privacy Coins Outperform as Bitcoin Price Nears June Low: Crypto Daybook AmericasYour day-ahead look for Nov. 4, 2025 Nov 4, 2025, 12:15 p.m.

Privacy coins advanced, bucking a wider market trend. (Nghia Do Thanh/Unsplash modified by CoinDesk)

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By Omkar Godbole (All times ET unless indicated otherwise)

It's another risk-off session across the crypto markets. Bitcoin BTC$104,608.94 slid 3.5% in the past 24 hours to approach October lows around $103,600. Any further and the largest cryptocurrency would be at its lowest price since June.

STORY CONTINUES BELOW

The CoinDesk 20 Index is down 5%, with major altcoins like ether SOL$156.85 and solana SOL$156.85 also hitting their lowest since August.

The usual culprits are taking the blame: hawkish comments from Fed Chair Jerome Powell; a strengthening dollar index; persistent selling from long-time wallets.

"Liquidity is expanding globally, yet capital isn't reaching crypto," market maker Wintermute said. "ETF inflows have stalled, DAT activity has dried up, and only stablecoins are still growing."

But there's another angle, and it's one worth considering. The bearish tone could be tied to the Oct. 17 flash crash, when several arbitrage bets lost money on their futures legs due to auto-deleveraging. These firms could be quietly liquidating their remaining long spot positions, adding to downward pressure on prices.

Speaking of the market swoon, Stream Finance's stablecoin, xUSD, collapsed 80% to 30 cents, with the DeFi firm reporting a $93 million loss stemming from an external fund manager. Stream Finance said it hired a top legal firm, Perkins Coie LLP, to investigate the issue, and the crypto community is on edge, assessing the broader market fallout.

Some observers have noted that lenders of xUSD are now earning over 500% daily interest. That's a clear indication the protocol's treasury might be in serious trouble.

Amidst all this gloom, some privacy coins, such as Zcash, Decred and DASH, are surging, adding as much as 200% in just 24 hours. It appears that traders are seeking refuge wherever they can.

In traditional markets, the recent surge in credit default swaps tied to Oracle is being taken to represent investor angst over the company's booming AI-related spending. The dollar index has risen to 100 for the first time in months, complicating matters for bitcoin bulls. Gold, meanwhile, continues to hold steady around $4,000 per ounce. Stay alert!

What to WatchFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

CryptoNov. 4: IoTeX (IOTX) deploys Core v2.3.0 mainnet upgrade, introducing slashing for underperforming delegates and BLS PublicKey Registration for scalable signature aggregation to enhance network reliability and scalability.Nov. 4, 12 p.m. UTC: THORChain (RUNE) activates mainnet upgrade v3.12.0, introducing enhanced swaps, improved performance and Solana client support.Nov. 4, 10 a.m.: Sam Bankman-Fried will appear before the Second Circuit Court of Appeals to argue for a new trial, challenging the fairness of his conviction and 25-year sentence for fraud,MacroNov. 4, 6:35 a.m.: Federal Reserve Vice Chair for Supervision Michelle W. Bowman is giving a speech on "Bank Supervision and Monetary Policy." Watch live.Earnings (Estimates based on FactSet data)Nov. 4: Hut 8 (HUT), pre-market, -$0.12.Nov. 4: Mara Holdings (MARA), post-market, $0.02.Nov. 4: Sequans Communications (SQNS), pre-market, N/A.Token EventsFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

Governance votes & callsBalancer DAO is voting on a major proposal to transition on-chain operations to a new legal entity (BIP-882), alongside proposals to improve emergency security (BIP-883), enable the BAL token on Plasma chain (BIP-884), update treasury permissions (BIP-885) and add a new Arbitrum gauge (BIP-886). Voting for all of these ends Nov. 4.UnlocksNo major unlocks.Token LaunchesNov. 4: PayAI Network (PAYAI) token migration period starts.ConferencesFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

Day 2 of 5: Hong Kong FinTech WeekDay 1 of 2: Ripple’s Swell 2025 (New York)Day 1 of 2: Chainlink’s SmartCon (New York)Day 1 of 3: Schwab IMPACT 2025 (Denver, Colorado)Token TalkBy Oliver Knight

The altcoin market suffered a bruising Asia session with several tokens falling by more than 15%, resulting in a $1.37 billion wave of liquidations, according to CoinGlass.HyperLiquid rival aster ASTER$0.9322 led the decline, sliding 18% to $0.88. Intriguingly, that's below the price paid by Binance founder CZ, who announced a $1.8 million purchase at $0.90 over the weekend."Every time I buy coins, I get stuck in a losing position, 100% record," CZ wrote on X Tuesday.Numerous tokens including XRP$2.2533 now find themselves back at critical levels of support that led to a bounce two weeks ago, although it's worth noting that the likes of solana SOL$156.85 and BNB BNB$943.32 have fallen to fresh lows.One sector that has outperformed the wider market has been privacy coins, with XMR$345.38 and ZEC$468.09 both still in the green for the month.Tuesday also saw exceptional rallies in DCR$41.60 and DASH$131.10, two tokens considered "dino coins" by some as they were launched in 2017 and 2014 respectively. Both tokens have privacy features and appear to be riding the coattails of XMR and ZEC.DCR is up by 146% while DASH is up by 65% on significant volume, demonstrating that traders may be rotating away from the weaker wider market.Derivatives PositioningVolmex's Bitcoin Volatility Index, BVIV, which represents the 30-day implied, or expected, price turbulence, is rising, following the golden cross of its 50- and 200-day moving averages.BTC's spot price has developed a negative correlation with volatility over the past year, which means further gains in BVIV could be marked by price weakness.Positioning in ZEC remains elevated, with open interest (OI) near lifetime highs of around 1.59 million ZEC. However, funding rates have flipped bearish, a sign that some traders are shorting futures, possibly against long spot positions.On the CME, futures tied to BTC and ETH continue to see diverging trends, with activity mostly concentrated in ether futures, where OI remains near record highs. On Deribit, BTC options show a bias for puts across all time frames, a sign of persistent downside concerns. Ether options show bullishness following the February 2026 expiry. OTC flows over Paradigm featured demand for the Nov. 7 expiry ether put at the $3,500 strike. Market MovementsBTC is down 2.8% from 4 p.m. ET Monday at $103,900.89 (24hrs: -2.72%)ETH is down 2.98% at $3,494.29 (24hrs: -5.87%)CoinDesk 20 is down 2.54% at 3,285.49 (24hrs: -5.03%)Ether CESR Composite Staking Rate is unchanged at 2.93%BTC funding rate is at 0.0063% (6.893% annualized) on BybitDXY is up 0.09% at 99.96Gold futures are down 0.26% at $4,003.40Silver futures are down 1.05% at $47.54Nikkei 225 closed down 1.74% at 51,497.20Hang Seng closed down 0.79% at 25,952.40FTSE is down 1.02% at 9,602.50Euro Stoxx 50 is down 1.44% at 5,597.60DJIA closed on Monday down 0.48% at 47,336.68S&P 500 closed up 0.17% at 6,851.97Nasdaq Composite closed up 0.46% at 23,834.72S&P/TSX Composite closed little changed at 30,275.06S&P 40 Latin America closed up 0.55% at 3,020.24U.S. 10-Year Treasury rate is down 1.8 bps at 4.089%E-mini S&P 500 futures are down 1.06% at 6,809.75E-mini Nasdaq-100 futures are down 1.37% at 25,744.50E-mini Dow Jones Industrial Average Index are down 0.77% at 47,107.00Bitcoin StatsBTC Dominance: 60.62% (-0.20%)Ether to bitcoin ratio: 0.03353 (-0.83%)Hashrate (seven-day moving average): 1,114 EH/sHashprice (spot): $42.13Total Fees: 3.12 BTC / $335,825CME Futures Open Interest: 132,180 BTCBTC priced in gold: 24.6 ozBTC vs gold market cap: 6.95%Technical Analysis

BVIV's golden crossover. (TradingView/CoinDesk)

Volmex's bitcoin volatility index, BVIV, which measures the expected price volatility over 30 days, has produced a golden crossover, a bullish cross of the 50- and 200-day simple moving averages.The pattern indicates more gains for the index, implying heightened price swings in the bitcoin market. Crypto EquitiesCoinbase Global (COIN): closed on Monday at $330.42 (-3.89%), -3.69% at $318.23 in pre-marketCircle Internet (CRCL): closed at $117.86 (-7.18%), -2.38% at $115.05Galaxy Digital (GLXY): closed at $34.88 (-0.37%), -5.71% at $32.89Bullish (BLSH): closed at $50.26 (-0.61%), -1.61% at $49.45MARA Holdings (MARA): closed at $17.81 (-2.52%), -3.48% at $17.19Riot Platforms (RIOT): closed at $20.72 (+4.75%), -4.58% at $19.77Core Scientific (CORZ): closed at $22.9 (+6.31%), -4.45% at $21.88CleanSpark (CLSK): closed at $17.42 (-2.13%), -4.82% at $16.58CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $61.46 (+7.09%), -4.15% at $58.91Exodus Movement (EXOD): closed at $25.19 (+2.86%), -0.12% at $25.16Crypto Treasury Companies

Strategy (MSTR): closed at $264.67 (-1.8%), -3.65% at $255.01Semler Scientific (SMLR): closed at $25.41 (-3.97%)SharpLink Gaming (SBET): closed at $13.09 (-5.42%), -4.51% at $12.50Upexi (UPXI): closed at $3.84 (-14.09%), -5.21% at $3.64Lite Strategy (LITS): closed at $1.92 (-8.13%), -2.08% at $1.88ETF FlowsSpot BTC ETFs

Daily net flows: -$186.5 millionCumulative net flows: $60.97 billionTotal BTC holdings ~1.35 millionSpot ETH ETFs

Daily net flows: -$135.7 millionCumulative net flows: $14.25 billionTotal ETH holdings ~6.71 millionSource: Farside Investors

While You Were SleepingBitcoin, Ether, Solana Traders Liquidated for Over $1B as Prices Dump 5%-10% (CoinDesk): A drop from $112,000 to under $106,000 triggered a leveraged-futures flush led by long positions, capped by a $33.95 million HTX closure, with Hyperliquid posting the most forced exits.Bitcoin’s Last Support Before $100K Breaks as 'Mag 7' Skew Flips, Oracle CDS Surges (CoinDesk): An Asia-session slide below $106,000, fresh lows in ETH and SOL and a bearish moving-average crossover highlight weakening risk appetite amid ebbing rate-cut odds and a firmer dollar.Stream Finance Faces $93 Million Loss, Launches Legal Investigation (CoinDesk): An external fund manager overseeing Stream funds disclosed a loss of approximately $93 million in the firm’s assets, triggering a suspension of deposits and withdrawals as an investigation unfolds.Crypto’s 'Decentralised Finance’ Sector at Risk of Attack, Warns Chainalysis (Financial Times): According to the firm, hacks totaled $2.2 billion in the first half of 2025, and CEO Jonathan Levin says this underscores how fast-growing DeFi platforms often prioritize expansion over security.More For You

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Bitcoin (BTC) fell through $106,000 early on Tuesday and it has also crashed through the major ascending trendline. Is it already too late to stop the rot? Are we in the initial stages of a descent into a bear market?

$98,000 next for $BTC price?

Source: TradingView

The short-term time frame for the $BTC price does not display a pleasant picture. Not only have the two strong horizontal supports at $108,000 and $106,000 been turned into resistances, but the price is currently well under the major ascending trendline, with a new 4-hour candle having opened below.

If this current crash is not stopped soon, $98,000 could be the next port of call. Once there, any pretense of a continuing bull market could be pretty much over.

Looking for positives, if the price does not continue its sharp descent, a double bottom could come into play. Also, a trendline coming from the all-time high (faint dotted line), that the price is still above, could provide support and a sorely needed bounce. 

Is Bitcoin about to lose major trendline support?

Source: TradingView

In the daily time frame it can be seen that the break of the ascending trendline is not something that can be brushed off by the bulls. This is a major trendline that extends back to early August 2024. If the price properly takes hold below this could be a grim development.

There was a previous time right in the middle of the trendline when the $BTC price did break below, and the break was actually confirmed with two whole candles closing below. However, the bulls stepped in and drove the price back above. This needs to happen again.

The 200-day SMA is also being held well below, but once again this has happened previously, and in 2024 quite some period of time was spent below. 

At the bottom of the chart, the RSI indicator has just reached a key level. A turnaround here, or even beyond the support line, is usually matched by a decent bounce in the price action above.

Bitcoin’s parabolic curve still holding

Source: TradingView

Zooming right out into the weekly time frame, and if one takes out the support trendline, a parabola makes contact perfectly with the bottoms of all the candle wicks so far. If this parabola holds true, the $BTC price still has a bit of leeway to go down and sideways, but not a great deal. It would really help if the bulls can engineer a real bounce in the next week or two to take the price clear of the curve. On the other hand, if the price falls through this curve and confirms below, it’s probably the start of the next bear market.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

President of the Solana Foundation, Lily Liu stated that her team is working on creating an “internet capital market” that would launch on-chain IPOs in the near future.

Summary

Solana Foundation President Lily Liu announced plans to build an “internet capital market” and enable on-chain native IPOs, aiming to bridge traditional finance with blockchain technology.
Liu also highlighted Solana’s growing role in the $307 billion stablecoin market, citing partnerships with institutions like Franklin Templeton and Western Union to expand blockchain’s applications in payments and financial infrastructure.

At the Finternet 2025 Asia Digital Finance Summit on Nov. 4, President Lily Liu talked about the possibility of opening up capital markets to blockchain technology. She revealed that Solana is currently driving the creation of what she deems the “internet capital market” which could provide wider access to liquidity and bridge the gap between traditional finance and crypto.

In addition, Liu said that the organization plans to achieve on-chain native initial public offerings within the next few years. On-chain IPOs are a more modern approach to a company going public by issuing its shares as digital tokens on a blockchain, rather than on stock exchanges or other intermediaries.

“That’s what technology does, it shortens the access required between one side of the market and the other side of the market. So I think when it comes to internet capital markets, that I think is now the new white whale for this industry,” said Liu in her on-stage interview with Chief Commercial Officer of OSL Group, Eugene Cheung.

She goes on to explain that a number of mechanisms that already exist on-chain could be optimized to accommodate a shift from the old-fashioned price discovery mechanisms in traditional finance into more modern methods. The use of blockchain technology could also make price discovery more transparent and enable security provisions like Know-Your-Customer to be applied to the process.

“And so on the price discovery side, there is actually room for innovation on capital markets access and on the distribution side it’s even more so,” she added.

While on stage, she also mentioned that the organization has been exploring collaborations with institutions from the traditional finance sector, such as Franklin Templeton and Western Union. Such collaborations are meant to deepen the blockchain’s role in payments and stablecoins. She argued that blockchain technology’s real value lies not in hype but in serving as a technological platform underpinning the financial system.

“I think our perspective on the purpose of blockchain, is that it’s tech that serves finance. And if you think about the needs of financial systems are. they’re actually pretty simple. Number one is liquidity, and in order for liquidity to be accessible it has to be fast and cheap,” said Liu.

Solana’s take on the stablecoin wave
President of the Solana (SOL) Foundation Lily Liu, commented on the stablecoin phenomenon that’s been sweeping through the global finance system. She notes that the rise of stablecoins as a payment option has been largely due to the changing regulatory landscape, with more governments like the U.S and Hong Kong warming up to stablecoins.

“Stablecoins are a topic of economic national security that has obviously gotten everyone’s attention everywhere around the world and has put blockchain infrastructure front and center on everyone’s fintech roadmap, tech investment roadmap, capital markets and payments roadmap,” said Liu in her interview.

According to data from DeFi Llama, the global stablecoin market is currently valued at $307 billion. Out of that large number, as much as $14.25 billion has been deployed on the Solana blockchain. The majority of stablecoins on Solana consists of USD Coin (USDC), which represents 64.96% on the blockchain.

Most recently, Solana’s collaboration with Western Union to launch the bank’s own stablecoin called the U.S. Dollar Payment Token or USDPT. Solana would provide the underlying blockchain infrastructure. The token will be issued by Anchorage Digital Bank, with a full rollout expected within the first half of 2026.

Google Quantum AI's new research revives a 1960s concept of “quantum money,” potentially eliminating the need for blockchain technology.

With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Block of Fame, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.

BTC is down by over $20,000 since its early October ATH. The question is - what's next?

The technical structure of CHAINLINK (LINK) remains bearish, with the price showing weakness in stopping the correction that began after the local high in August .
Indicators (RSI, MACD, EWO, and volume) still do not confirm a bullish reversal, maintaining a high probability of continued downside.
If selling pressure persists, the price may seek liquidity in the key support zone between $11.00 and $10.95, where a more solid technical rebound could occur.

New CCIP Integrations and Developments Strengthening Chainlink’s Demand
Chainlink has strengthened its position as a key infrastructure layer for interoperability and tokenization, with major milestones at both the technological and institutional levels. On October 29, Chainlink announced new CCIP integrations across multiple networks, including Arbitrum, Base, BNB Chain, Polygon PoS, and Optimism, expanding the reach of its cross-chain interoperability protocol. These integrations further consolidate CCIP as the preferred standard for secure transfer of data and assets across blockchain ecosystems.

Institutional adoption also gained momentum after confirmation that more financial entities are testing tokenization solutions built on Chainlink. On October 22, Sergey Nazarov highlighted that several capital markets institutions are in advanced testing phases with CCIP to connect traditional banking infrastructure with blockchain, particularly in projects involving real-world assets (RWA).

However, despite the strong technological progress and rising institutional interest, speculative capital inflow into altcoins remains limited due to the broader crypto market correction. Therefore, while fundamental adoption trends support a bullish outlook for LINK in the mid-term, the short-term environment continues to show low liquidity and bearish pressure on price.

Technical Analysis Of $LINK
Since the $27.88 recorded on August 22nd, LINK has dropped over 45%, currently trading around $14.858. The trend is clearly bearish, marked by a sequence of lower highs and lower lows. Volume supports this view: there is no sign of a meaningful increase in buying interest that would suggest accumulation, only continued profit-taking and distribution following the 156% rally that began on June 21.

The EWO (Elliott Wave Oscillator) remains in negative territory with no clear bullish divergences, reinforcing that bearish momentum dominates and that no exhaustion phase has been confirmed.

The RSI (14) is hovering around 33, approaching oversold territory; this may allow a technical rebound, but without a bullish divergence or a break above the 45–50 level, it is insufficient to validate a trend reversal. Meanwhile, the MACD histogram remains negative with no bullish crossover between MACD and the signal line, confirming that momentum still favors the bears.

Conclusion and Scenarios
Overall, the technical indicators do not show any solid signs of a trend reversal. If current selling pressure continues, the most likely scenario is an extension of the correction toward the $11.00–$10.95 support zone, where a strong concentration of liquidity lies. This is where more aggressive buyers may step in and trigger a significant rebound.

Technical charts courtesy of TradingView.

Disclaimer: The opinions expressed do not constitute investment advice. If you are looking to make a purchase or investment, we recommend that you always do your research.

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The Pi price continues to face pressure after slipping 4.86% in the past 24 hours to $0.2270. This decline reflects growing caution among investors ahead of November’s 2.4% token unlock event. The combination of technical weakness and incoming supply expansion has fueled expectations of deeper corrections before stability returns. As the unlock date approaches, market sentiment remains cautious, with Pi coin price struggling to hold above its short-term support zones.

Pi coin price weakens as $0.20 support comes into view
Pi coin price remains under pressure after breaking below a symmetrical triangle on November 3, confirming sellers have regained control. The drop beneath $0.2276 erased previous gains and flipped that level into a defensive zone for bears. 

Since then, each minor rebound has been rejected, showing that buyers lack the strength to sustain recovery attempts. Market sentiment remains cautious, with short-term traders unwilling to commit while the broader structure leans bearish.

The DMI indicator helps explain this imbalance in depth. The +D line at 10 reveals that buying enthusiasm has weakened, reflecting reduced confidence among short-term participants. Conversely, the -D at 31 highlights growing sell-side pressure as sellers continue to dominate intraday moves. 

Besides, the ADX reading at 29 shows this trend carries genuine strength, meaning the correction is not yet exhausted. However, once momentum begins to slow, the same indicators may shift to favor buyers building from the $0.20 base.

This makes the future Pi coin price outlook significant, as it ties recovery potential directly to reactions at this level. If bulls defend $0.20 successfully and reverse the DMI slope,  Pi could gradually rebound, aiming for the longer-term $0.70 recovery target.

PI/USDT 4-Hour Chart (Source: TradingView)
Pi token unlock set to intensify correction
The upcoming Pi token unlock adds significant pressure to an already fragile market. Around 121.5 million Pi tokens, representing about 2.39% of locked supply, will gradually enter circulation this month. 

The largest release is expected on November 15, when over 5.7 million tokens worth more than $1.5 million will be unlocked. Such events often spark volatility because they expand supply faster than demand can adjust.

Short-term investors may use the unlock to secure profits, especially after weeks of declining prices. This behavior could drive Pi coin price closer to the $0.20 zone before buyers regain interest. 

However, deeper corrections during unlock periods often serve as turning points once the market absorbs new supply. As liquidity normalizes and selling volume slows, Pi price may begin rebuilding strength. 

Therefore, while short-term downside risk remains high, the broader structure suggests that this unlock could reset valuations, giving patient buyers an opportunity to re-enter at discounted levels.

Pi Token Unlock (Source: PiScan) 
Ultimately, the alignment of bearish charts and the incoming unlock event suggests a deeper correction before recovery. A retest of $0.20 appears likely as sellers retain control in the near term. Yet, this same zone could become the foundation for renewed accumulation once selling pressure fades. If that rebound forms, Pi coin price may gradually transition from correction to consolidation, setting the stage for future strength.

Journalist

Posted: November 4, 2025

Key Takeaways
To what extent has institutional BTC demand declined? 
Weekly ETF inflows have dropped from over 10K BTC to below 1K BTC. 

Can BTC hold above $100K? 
Only if institutional demand increases at the level, otherwise the support could be cracked. 

Institutional demand for Bitcoin [BTC] is cooling off, derailing hopes of a recovery. According to Glassnode, BlackRock’s weekly inflows have dropped to just 600 BTC over the past three weeks.

This marks a sharp decline from previous rallies, when BlackRock’s spot BTC ETF attracted over 10,000 BTC per week, a staggering 90% drop that’s now weighing on Bitcoin’s rebound.

Source: Glassnode

Bitcoin treasury firms, led by Michael Saylor’s Strategy, are not aggressively bidding as they did in previous weeks. 

Beyond the LTH sell pressure
So far, some analysts have pointed fingers at long-term holders (LTHs) and early investors who have been offloading.

But a more sober outlook from some quarters is that BTC is maturing and could consolidate in the next few months in a post-IPO style before climbing higher. 

From an on-chain perspective, however, the mid-term outlook remains cautious. According to Julio Moreno, Head of Research at CryptoQuant, there was not enough demand to absorb the current sell pressure at current price levels. 

“Is there enough demand to absorb the supply at higher prices? Since a few weeks ago, the answer is no, and that is why we see prices declining.”

Source: CryptoQuant

In the long run, however, Moreno noted that demand was growing, albeit at a slower rate. 

That said, the Negative Apparent Demand signal in 2024 and 2025 coincided with local bottoms for BTC. Will history repeat? 

According to Singapore-based crypto trading desk, QCP Capital, such an outcome was 50/50. In a market update, the firm noted, 

“As BTC continues to consolidate in a multi-month band reminiscent of pre-breakout 2024, speculation has emerged on whether this cycle is nearing its end. Whether this marks the onset of another crypto winter is unclear.”

As of writing, one of the key cycle top indicators, the MVRV Z-Score, was not yet overheated, suggesting that this cycle peak had not yet occurred. Instead, the metric’s past spikes to 3 marked recent local tops. 

Source: Glassnode

If the past trends repeat, perhaps a spike above 3 could signal a potential market peak. Meanwhile, BTC extended its correction to $104K as of writing.  

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The decentralized finance (DeFi) protocol and market maker Balancer recently suffered a significant exploit, resulting in the loss of over $120 million in digital assets.

According to blockchain security firms, the total losses have now reached approximately $128 million, with ongoing withdrawals from the attacker’s wallet still being reported.

Details Of Balancer Attack
In a post on social media platform X (previously Twitter), Balancer acknowledged the exploit, stating that its engineering and security teams were investigating the breach with high priority. They added:

Balancer is committed to operational security, has undergone extensive auditing by top firms, and had bug bounties running for a long time to incentivize independent auditors. We are working closely with our security and legal teams to ensure user safety and are conducting a swift & thorough investigation. We’re grateful to our partners and the broader DeFi community for their support.

The company’s Chief Executive, Deddy Lavid, explained that the ongoing drain of funds likely results from compromised access control mechanisms within the protocol, which allowed the attackers to manipulate balances directly.

Market expert Adi Flips provided further insights into the exploit, detailing how the attack targeted Balancer’s V2 vaults and liquidity pools by exploiting vulnerabilities in the interactions of smart contracts. 

Preliminary investigations indicate that the exploit involved a maliciously deployed contract that manipulated vault calls during the initialization of pools. This manipulation was made possible due to improper authorization and callback handling, which allowed the attacker to circumvent existing safeguards. 

As a result, unauthorized swaps and balance manipulations occurred across interconnected pools, enabling the rapid drainage of assets within minutes.

The attack was initiated with a pivotal transaction on the Ethereum (ETH) mainnet, which directed assets to a new wallet controlled by the perpetrator. Following this, the stolen funds were consolidated, likely for laundering through mixers or bridges.

Stolen Assets Breakdown
The design of Balancer’s protocol, which allows for heavy interaction among its pools, exacerbated the impact of the exploit, according to Adi Flips’ analysis. 

He stated that similar vulnerabilities have been observed in automated market makers (AMMs) in the past, often linked to how they handle deflationary tokens or manage pool rebalancing.

Importantly, there is currently no evidence suggesting that a private key was compromised. The expert noted that this incident appears to be a pure smart contract exploit.

The breakdown of the stolen assets includes over $70 million in Ethereum, with additional losses of around $7 million from Base and Sonic combined, and approximately $2 million from other chains. 

According to ongoing investigations, the estimated total theft of the main assets, including wrapped Ethereum (WETH), staked Ethereum (wstETH), osETH, frxETH, rsETH, and rETH, is between $116 million and $128 million.

The daily chart shows the total crypto market cap drop toward $3.51 trillion on Monday. Source: TOTAL on TradingView.com
Featured image from DALL-E, chart from TradingView.com

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Tue, 4/11/2025 - 11:09

Tuesday on the crypto market remains split between fear and greed: Ripple keeps buying companies like it's 2021, Peter Brandt sees BTC's price below $60,000 and Michael Saylor is again raising millions to double down on Bitcoin Strategy.

Cover image via www.freepik.com

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

Bitcoin at $103,758 is not consolidation — it is decline. The bounce traders called "accumulation" last week is gone. Every time frame looks heavy, and no real support exists between here and $95,000. Peter Brandt’s comment on X only confirmed what the charts already show. The legendary trader gave it 60/40 that the top is already behind us. 

Ripple and Saylor stand nearly alone — one builds, one buys, while everyone else watches their screens fade red. XRP still carries a $136.52 billion market cap, but that means little when everything else is sliding. Strategy Inc shares trade at $264, moving almost point for point with Bitcoin.

TL;DRRipple crossed $4 billion spent on acquisitions this year.Peter Brandt gives 60% chance Bitcoin already topped.Strategy Inc raising $350 million to buy more BTC.BTC $103,758, XRP cap $136.52 billion.Ripple deploys $4 billion in acquisitions for 2025Ripple is the only company in crypto still expanding as if it is seeing a decade ahead. Total deal spending this year has passed $4 billion.

HOT Stories

Ripple’s 2025 acquisitions:

Hidden Road: $1.25 billion: Prime-broker platform connecting Ripple Prime with U.S. institutional liquidity.GTreasury: $1 billion: Corporate treasury software linking traditional finance to crypto settlements.Rail: $200 million: Stablecoin infrastructure provider for the RLUSD ecosystem.Palisade: Undisclosed: Developer of MPC wallets and custody tools for fintechs and financial institutions.Newest Ripple acquisition Palisade adds multiparty key management, custody-level security and fast API integrations are already supporting XRP, SOL and ETH.

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Ripple said the plan is simple: clients should manage and store assets directly inside their own system, without external custodians. It is no longer just a payments company. Ripple now controls custody, settlement and liquidity in one structure. 

Bitcoin below $60,000? Peter Brandt gives 60%Peter Brandt summarized his Bitcoin outlook with two numbers. He places the next structural support around the low $60,000 band and assigns a 60% probability that Bitcoin has already completed its cycle high.

Bitcoin has already failed to hold $110,000. Each rebound dies faster, volumes shrink and spot books keep sliding lower. On-chain data shows large holders sitting still, which often precedes bigger breakdowns.

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Brandt’s 60% call is not panic talk. He has watched the same pattern across markets for 50 years — euphoric top, slow fade, disbelief and, only later, capitulation. When he names $60,000 as the next real area, the veteran trader means it. 

Saylor reloads €350 million for BTCMichael Saylor does not care what the chart says. Strategy Inc filed with the SEC to issue 3,500,000 Series A preferred shares at €100 each, raising €350 million. The proceeds go directly toward Bitcoin purchases and company expenses.

Days before the filing, Strategy announced it bought 397 BTC for $45,600,000 at an average price of $114,771. The company now holds 641,205 BTC, roughly $69 billion in value at current prices. MSTR trades near $264 and continues to move nearly one-for-one with BTC.

The euro-denominated issue opens Strategy to European investors who want Bitcoin exposure without custody risk. No BTC has moved from Strategy wallets since October; the company remains fully allocated.

If the fundraising completes, Saylor can buy about 3,000 more BTC. In his world, lower prices are not pain; they are discount tags. That consistency makes Saylor either the most stubborn or the most patient investor in crypto.

Evening outlookConditions remain negative across the board. Every major chart points down, liquidity is thin and optimism is fading.

Bitcoin: $100,000 and $98,000 are short-term supports. If they break, $88,000 comes next, and then Brandt’s $60,000 band.XRP: Trades near $2.10, market cap $136.52 billion — holding better than others but still down.Strategy (MSTR): Drop below $250 would confirm large-cap selling.
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What to Know:

Bitcoin price holds above $100K, with models pointing to a $135K–$140K target for December 2025.
ETF inflows from BlackRock and Fidelity continue supporting Bitcoin’s liquidity and point to bullish momentum in the future.
Bitcoin Hyper ($HYPER) has raised over $25.7M, nearing the $26M presale milestone, and is a project that aims to bring dApps and smart contracts to Bitcoin.
$HYPER offers 46% staking APY and aims to scale Bitcoin for modern DeFi demands, with one token currently priced at $0.013215.

Bitcoin’s price remains above the critical $100,000 mark, consolidating near $103,700 after a brief pullback of over 3% in the past 24 hours.

Despite short-term volatility, analysts point out that $BTC continues to trade around its 50-day trend average near $108K, suggesting the broader bullish trend remains intact.

Institutional inflows have continued to pour into spot Bitcoin ETFs, with BlackRock, Fidelity, and Grayscale leading the charge toward the end of the year.

For instance, BlackRock’s IBIT recently surpassed Coinbase’s Deribit platform and became the largest venue for Bitcoin options globally, hitting almost $38 billion.

These inflows have helped maintain market liquidity and reduced volatility as the crypto market is still dealing with the post-October crash aftermath.

Several quantitative models predict that if $BTC sustains its support above $100K, a December 2025 peak between $135K and $140K remains on the cards.

While Bitcoin’s price action dominates headlines, this growing institutional interest has reignited focus on Bitcoin Layer-2 scaling networks.

These are solutions designed to enhance $BTC’s speed, interoperability, and functionality for decentralized finance.

One of these is Bitcoin Hyper ($HYPER), a Layer-2 platform designed to make Bitcoin faster and more adaptable for modern DeFi applications.

Bitcoin Hyper ($HYPER) — The Leading Bitcoin Layer-2 with Real Utility
As Bitcoin pushes toward its forecasted $135K–$140K range by late 2025, the broader narrative around Bitcoin’s scalability will only intensify.

Historically, Layer-2 ecosystems (from Ethereum’s Arbitrum to Polygon) have seen exponential growth following main-chain rallies.

Bitcoin Hyper ($HYPER) could be next in line to capitalize on this pattern. It’s one of the best crypto presales of 2025, raising over $25.7M at the time of writing.

Built as a Bitcoin Layer-2 solution, Bitcoin Hyper will combine scalability, low transaction costs, and EVM compatibility, enabling developers to dApps that leverage Bitcoin’s security without facing its throughput limits (an average of 7 tps now).

The project will use a Canonical Bridge to turn $BTC into wrapped $BTC. This will be used in the L2 ecosystem for dApps and other operations. And a Solana Virtual Machine will speed up transactions to exponentially more than Bitcoin’s current capacity.

Transaction settlement will happen on Bitcoin’s Layer-1, which ensures absolute security for peace of mind.

This hybrid model allows Bitcoin to become a true DeFi hub for dApps, smart contracts, NFT marketplaces, and even decentralized exchanges.

And $HYPER will be used as the main token in this ecosystem.

Moreover, $HYPER’s economics are designed to encourage early participation and long-term sustainability.

With a capped supply, transparent vesting schedule, and presale nearing completion, market watchers see potential for a strong post-listing debut once trading begins in early 2026.

According to our $HYPER price prediction, the token could trade at $0.08625 in 2026, potentially reaching $0.253 by 2030. That could be anywhere from a 552% to a 1,814% increase in 1–5 years.

The current presale price stands at $0.013215 per token, with a few hours left before the next price increase. The project also offers 46% staking rewards, offering good passive income for long-term holders.

For investors capitalizing on Bitcoin’s future price, $HYPER represents an asymmetrical opportunity. It gives you exposure to Bitcoin’s growth story with the upside potential of an early-stage infrastructure token.

➡️ Here’s how to buy Bitcoin Hyper right now.

Why $HYPER Could Benefit from Bitcoin’s 2025 Momentum
With Bitcoin dominance surpassing 53% and DeFi liquidity migrating back to $BTC-linked projects, $HYPER could become one of the more compelling blockchain narratives in 2025’s infrastructure cycle.

Investors looking to diversify within the Bitcoin ecosystem can join the presale before the price rise — currently at $0.013215.

👉 Buy $HYPER on the official site.

Authored by Aaron Walker, NewsBTC: https://www.newsbtc.com/news/bitcoin-price-prediction-hyper-could-soar-next-year 

Disclaimer: The information above is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research (DYOR) before investing in cryptocurrency projects.

Companies

Cipher Mining Shares Surge 33% After $5.5 Billion AWS AI Deal and Texas Expansion

TL;DR Cipher Mining signs a $5.5 billion, 15-year contract with AWS for AI workloads. The company also announces a new 1 GW project for high-performance

flash news

MARA Files Lawsuit to Halt Creation of New Municipality in Texas

Marathon Digital Holdings has filed a federal lawsuit to block a local vote in Hood County, Texas, that aims to create a new municipality surrounding

Bitcoin News

Michael Saylor’s Strategy Expands Bitcoin Holdings With Bold $45.6 Million Purchase

TL;DR MicroStrategy purchased 397 Bitcoin for $45.6 million. The firm now holds 641,205 Bitcoin in total. The firm reports a 26.1% yield for 2025. Strategy

Companies

HIVE Digital achieves 23 EH/s milestone using Bitcoin output to fuel AI growth

TL;DR HIVE Digital Technologies surpassed 23 EH/s in Bitcoin mining, a 283% increase, generating revenue to fund its expansion. The company expanded its Grand Falls,

Bitcoin News

Bitcoin Falls Below $108K as Spot ETFs See Outflows and Analysts Note Altcoin Setup

TL;DR Bitcoin and Ethereum spot ETFs experienced consecutive outflows, totaling nearly $290 million, signaling short-term caution among investors. Bitcoin spot ETFs led by BlackRock saw

flash news

Gold and Crypto Trends Align in Price Movement But Diverge in Underlying Causes

Gold and cryptocurrencies have recently shown parallel price movements, but for very different reasons, according to Michael Cuggino, president and portfolio manager at Permanent Portfolio

SoundHound AI's growth rate rivals Palantir's.

Palantir Technologies (PLTR +3.35%) has been one of the best-performing AI investments over the past few years. It won massive contracts in commercial and government businesses, and has become a building block for deploying AI software at an enterprise scale. However, the market has gotten extremely excited about the stock, causing it to get overheated and overvalued.

I think there's one under-the-radar AI stock could easily outperform it over the next decade. SoundHound AI (SOUN 2.89%) could end up mirroring Palantir's returns, as it has all the makings of becoming the building blocks for much larger AI applications.

Image source: Getty Images.

SoundHound AI and Palantir aren't competitors
Palantir and SoundHound AI aren't competitors, despite both being involved in the AI realm. Palantir's platform focuses on taking data in, running it through artificial intelligence solutions, and then informing a decision-maker of the best choice possible or doing it on its own through agentic AI.

SoundHound AI's product is more of an interface, as it allows its users to deploy best-in-class audio recognition technology with AI. This isn't a new concept, as digital assistants like Siri and Alexa have been around for a long time. While they can be useful, they also make a lot of mistakes. SoundHound AI's products are far more accurate than those currently available and can outperform their human counterparts in some areas, such as drive-thru ordering accuracy.

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While restaurant automation is one area where SoundHound AI is seeing large deployment, it's also making its way into digital assistants in cars. These are all areas where there could be a lot of background noise that interferes with the accuracy of SoundHound AI's results. If it can work in those situations, it can be deployed anywhere a human isn't interacting face-to-face.

A massive application for SoundHound AI's products could be found in the healthcare and financial services industries, and SoundHound is already making inroads within these sectors. During its Q2 results, SoundHound AI announced that seven of the top 10 global financial institutions were its clients, and four of them either renewed or expanded their contracts during Q2. It also signed a major healthcare provider, which further increased its footprint.

SoundHound AI is rapidly growing, and its management team thinks that it can grow at a 50% organic growth rate for the foreseeable future. That's impressive, but is it enough to outperform Palantir over the next decade?

Palantir's stock trades at a huge premium to SoundHound AI's
While growth is a major factor in long-term returns, so is valuation. Right now, both of these companies have a premium valuation that is far more expensive than most stocks typically trade at.

At 139 times sales for Palantir and 52 times sales for SoundHound AI, these two are among the most expensive stocks on the market.

PLTR PS Ratio data by YCharts

While I'll buy an argument that they have earned that premium through impressive growth, 139 times sales is an incredibly high price to pay for any stock. That is several years' worth of growth already baked into the stock price, and it is valued at nearly three times the level of SoundHound AI.

I think this is far too high a premium to pay, especially because SoundHound AI has a much longer growth runway than Palantir because it is a much smaller company. I think this will allow SoundHound AI to outperform Palantir over the next decade. However, if a competitor comes out with a superior product to SoundHound AI's, this won't be the case. I don't see that happening, but it's a reality when you're competing in a massive industry with relatively little competition.

SoundHound AI could be a great stock pick if the growth management projects pan out, but it's far from a surefire bet.

AWS saw its strongest growth since 2022.

Amazon (AMZN +3.99%) shares soared after its cloud computing business, Amazon Web Services (AWS), posted its strongest revenue growth since 2022. Despite the business gains, the stock is up less than 15% year to date.

Let's take a closer look at the e-commerce behemoth's latest results and prospects to see if the stock's momentum can continue or if it's too late to buy the stock.

AWS leads the way
While Amazon is best known for its e-commerce operations, AWS is the company's largest segment by profitability. It's also its fastest-growing segment, and in Q3, its revenue jumped by 20% year over year to $33 billion, while its operating income rose 10% to $11.4 billion. That was ahead of the $32.4 billion revenue consensus, as compiled by StreetAccount.

Image source: Getty Images.

Amazon credited the growth to strong demand for artificial intelligence (AI) infrastructure, and noted that its AI solutions are resonating with customers. It called out the launch of Strands and AgentCore, which can help customers create and safely deploy AI agents, saying that AgentCore's developer kit has already been downloaded 1 million times.

On the chip front, its custom Trainium 2 AI chips are now fully subscribed, growing revenue 150% sequentially. Meanwhile, Project Rainier, which is one of the world's largest AI clusters built exclusively for Anthropic, is now using 500,000 of the chips, and is expected to hit 1 million chips by year-end. It plans to introduce Trainium 3 chips next year, and it said it is already seeing significant interest in them.

Similar to others in the space, Amazon increased its capital expenditure (capex) guidance, taking it from $118 billion to $125 billion. Meanwhile, that number will likely increase next year, as it invests heavily in AI data centers and robotics.

On the consumer side of its business, Amazon's North America sales climbed by 11% year over year to $106.3 billion, while international sales jumped 14%, or 10% in constant currencies, to $40.89 billion. Adjusted for one-time charges, its operating income for its North America segment soared 28% to $7.3 billion, while its international segment posted operating income (including charges) of $1.2 billion versus $1.3 billion a year ago.

Advertising continues to help drive growth, as its ad revenue jumped 24% to $17.7 billion, driven by its sponsored ad business. That was ahead of the $17.3 billion analyst consensus, as compiled by StreetAccount.

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Third-party seller services revenue increased by 12% year over year to $42.5 billion, while online store revenue rose by 10% to $67.4 billion. Sales at physical stores, such as Whole Foods and Amazon Fresh, grew by 7% to $5.6 billion. Subscription services revenue, meanwhile, climbed 11% to $12.6 billion.

Overall, Amazon's revenue rose by 13% year over year to $180.2 billion, which came in above the $177.8 billion analyst consensus, as compiled by LSEG. Earnings per share climbed 36% to $1.95, which easily surpassed analyst expectations of $1.57.

Looking ahead, Amazon forecasts Q4 revenue to be between $206 billion and $213 billion, representing 10% to 13% growth. Meanwhile, it guided for operating income to be between $21 billion and $26 billion compared to $21.2 billion a year ago. Analysts were looking for operating income of $23.8 billion (StreetAccount) on revenue of $208 billion (LSEG).

Is it too late to buy the stock?
Despite the jump in its stock following its results, Amazon has been a laggard in what has been a hot market for growth stocks. However, its lagging stock price does not reflect the strength of its underlying operations. AWS growth is starting to accelerate now that Project Rainier is up and running, and the company will continue to ramp up capital expenditures to help capture the opportunity it is seeing in cloud computing.

Meanwhile, the quarter once again showed the strong operating leverage that Amazon is seeing in its e-commerce business. Between robots and AI helping it become more efficient and its fast-growing, high-gross-margin ad business, the company is seeing profitability grow much more quickly than revenue.

On the valuation front, the stock trades at a forward price-to-earnings ratio of about 33 times 2026 analyst estimates, which is around where it has traded the past few years. However, growth is starting to pick up, which means the stock still looks like it has solid upside potential.

As such, I don't think it is too late to buy the stock.

Fueling esports passion across Southeast Asia and Oceania, bringing together the region's finest gamers

SINGAPORE, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Samsung Electronics, presents the Odyssey Cup Counter-Strike 2 Championship, uniting gamers across Southeast Asia and Oceania for an electrifying experience that captivates players and spectators alike.

Building on the Odyssey Cup Legacy

First launched in 2023, the Odyssey Cup has established itself as a highlight in the region’s esports calendar. From the Odyssey Cup Influencer Invitational in 2023, to the Odyssey Cup Dota 2 Championship in 2024, Samsung remains steadfast in providing a platform for gaming enthusiasts and aspiring champions to shine.

Designed as a multi-stage competition, the 2025 Odyssey Cup will see participating markets —Australia, Indonesia, Malaysia, New Zealand, Singapore, the Philippines, Thailand and Vietnam—crown their own champions during the national qualifiers from 31 October to 23 November, before advancing their winning teams to the regional stage.

The winning teams will subsequently enter a group draw to determine match-ups for the exciting grand finale, which will be held in Kuala Lumpur, Malaysia, from 12 to 14 December, where they will compete for the regional championship title and an attractive US$50,000 prize pool.

Powered by Samsung Odyssey Gaming Monitors

Integral to the championship is none other than Samsung’s Odyssey OLED G60SF, a gaming powerhouse engineered for peak performance and responsiveness. With its lightning-fast refresh rate, blistering 0.03ms response time, and vibrant QD-OLED display, this monitor is meticulously crafted to provide unparalleled visuals, speed, and immersion-empowering players to unleash their full potential in the intense battles of Counter-Strike 2.

A Regional Celebration of Esports

“The Odyssey Cup represents more than esports - it celebrates community building and showcases Samsung’s commitment to empowering gamers and shaping the landscape of esports and digital culture,” said Leslie Goh, Head of Regional Display Solutions, Samsung Southeast Asia and Oceania.

TCP Red Bull Malaysia is returning as a key partner for the second consecutive year, fueling the Odyssey Cup's growth and solidifying its status as one of the region’s most anticipated esports event. Adelene Tay, Head of Marketing at TCP Red Bull Malaysia, shared, "We are excited to reinforce this collaboration of Samsung and Red Bull; a partnership built on shared passion and high energy. Aligned with Red Bull’s dynamic brand, this collaboration continues to energize both players and spectators, having unforgettable experiences on and off in the gaming community."

Get ready for three months of Counter-Strike 2 action as the 2025 Odyssey Cup gathers the region’s best teams and communities. Every moment will be broadcast live on https://www.twitch.tv/samsungodyssey, culminating in a thrilling, and all expenses paid grand finale in Kuala Lumpur.

Do you have what it takes to be the next Odyssey Cup champion? Register now at odyssey-cup.com.

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, digital signage, smartphones, wearables, tablets, home appliances and network systems, as well as memory, system LSI and foundry. Samsung is also advancing medical imaging technologies, HVAC solutions and robotics, while creating innovative automotive and audio products through Harman. With its SmartThings ecosystem, open collaboration with partners, and integration of AI across its portfolio, Samsung delivers a seamless and intelligent connected experience. For the latest news, please visit the Samsung Newsroom at news.samsung.com.

About TCP Red Bull Malaysia

Energizing Malaysians since 1993, Red Bull Malaysia is the No.1 energy drink brand in the nation, fueling individuals of all lifestyles to live their purpose through a range of effective and delicious energy drinks. A firm believer in the special combination of “Energy” and “Passion”, the brand aims to give drinkers a boost they need to overcome everything and anything.

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Aker ASA (OTCPK:AKAAF) Q3 2025 Earnings Call November 4, 2025 3:00 AM EST

Company Participants

Christina Glenn - Head of Communications and Office of the CEO
Øyvind Eriksen - President & CEO
Svein Stoknes - Chief Financial Officer

Presentation

Christina Glenn
Head of Communications and Office of the CEO

Good morning, and welcome to the presentation of Aker's Third Quarter Results for 2025. My name is Christina Schartum, and I'm the Head of Communications at Aker. I am joined in the studio today by our President and CEO, Oyvind Eriksen, who will walk you through the key highlights and recent developments across the portfolio. Our CFO, Svein Oskar Stoknes, will then take you through the financial results in more detail. After the presentation, we'll open up for questions. You're welcome to submit your questions at any time using the chat function. And with that, I'll hand it over to Oyvind.

Øyvind Eriksen
President & CEO

Thank you, Christina, and good morning, everyone. Since launching a more focused Aker at the start of 2024, we have taken clear steps to simplify the portfolio, concentrate on fewer larger companies and invest in new growth areas. This quarter shows that the strategy is bearing fruit. Net asset value increased to NOK 67.5 billion, NOK 909 per share, and our share price rose nearly 20%, clearly outperforming both the Oslo Stock Exchange Benchmark Index and the oil price.

We are seeing strong contributions from both our core energy business and our newer platforms: AI infrastructure, industrial software and real estate. The portfolio is becoming more balanced and less tied to commodity cycles. That's an important shift. Year-to-date, total shareholder return is nearly 50%, including dividends. We have increased the number of companies paying upstream dividends and received NOK 5 billion so far this year. In line with our dividend policy, the Board has approved a second

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XAR's equal-weight structure favors smaller, faster-growing defense companies like AVAV and KTOS, which have delivered exceptional returns.
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Since Russia's horrific and unjustified war-on-Ukraine, the world has entered into a new, very uncertain, and dangerous phase wherein cheaper & easily deployed drone technology has become a determining factor on the battlefield. I first acknowledged this fact back in 2023

Analyst’s Disclosure:I/we have a beneficial long position in the shares of FSDAX, XAR, DIA, VOO, QQQ 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.

I am an electronics engineer, not a CFA. The information and data presented in this article were obtained from company documents and/or sources believed to be reliable, but have not been independently verified. Therefore, the author cannot guarantee their accuracy. Please do your own research and contact a qualified investment advisor. I am not responsible for the investment decisions you make.

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

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

Comments

SummaryDuring the quarter, we initiated a position in the online retailer and cloud computing giant Amazon.We purchased additional shares of Alphabet in 2022 and again this April, when, in our opinion, shares were meaningfully undervalued.Our worst-performing holding in the quarter was Centene.Heartland Advisors is a boutique, independent investment firm in Milwaukee, WI. Our value-focused, actively managed product suite includes distinct U.S. and international investing strategies, which are offered through five mutual funds and four separately managed accounts.

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