Market Signal Briefing

Aave Labs has acquired Stable Finance, a San Francisco-based fintech company. This acquisition will help Aave Labs develop more consumer-focused products for decentralized finance (DeFi). As part of the deal, Stable Finance founder Mario Baxter Cabrera will now become Aave Labs’ Director of Product. The Stable Finance engineering team will join Aave Labs.

During the past few years, Aave Labs has been focused on helping set the standard for decentralized finance by building infrastructure used by millions, as well as Aave.com, a widely-used interface for Aave users.

The firm is said to be entering its next phase, building on its experience in DeFi to deliver institutional products such as Horizon (launched in August 2025 and now exceeding $300 million in deposits), alongside consumer products, broadening “access to onchain finance for both individuals and institutions.”

Stable Finance created the Stable app, a free iOS application that simplifies stablecoin savings. The app allows users to deposit money from banking accounts, debit cards, or crypto. It helps users “earn interest on their digital dollars without the volatility of other cryptocurrencies.”

By making it easier to access low-volatility, onchain yield, Stable Finance demonstrated a “market for stablecoin savings products.”

The Stable Finance team will keep developing consumer savings apps at Aave Labs. The existing Stable app will be “phased out, and its technology will be used in future Aave Labs products.”

The total supply of stablecoins now exceeds $300 billion, and the demand for stable-value savings tools continues to grow. This makes consumer-focused products more important.

As noted in the update, Aave Labs is shaping the next gen of onchain finance.

The company builds products that individuals, enterprises, and institutions rely on, processing billions in transactions.

Founded by Stani Kulechov, original author of ETHLend (2017) and the Aave Protocol (2020), Aave Labs continues to “drive upgrades to Aave, including the upcoming V4 release.”

Known for Aave’s over-collateralized stablecoin GHO and the fast-growing institutional platform Horizon, Aave Labs is dedicated to creating “open, transparent, and accessible global financial system for individuals and institutions.”

As mentioned in the announcement, Stable Finance is a platform focused on  stablecoin savings applications, making it easy for people to use onchain savings with rates “higher than the top savings accounts.”

Previously considered to be too complicated to access for retail investors, Stable specializes in “abstracting away the complexities of stablecoin yield into a one-click experience.” Founded by web3 professionals, Stable is the platform enabling access to the stablecoin yield strategies on blockchain networks.

JPMorgan Chase & Co. (NYSE:JPM) recently noted that it will be allowing institutional customers to use their Bitcoin (BTC) and Ethereum (ETH) as a form of collateral for loans, marking a significant shift in how Wall Street’s largest banking institutions leverages digital assets as part of its core lending strategy. This, according to a report from Bloomberg.

The recently announced initiative, expected to be rolled out by the end of 2025, will allow customers pledge Bitcoin and Ethereum for obtaining secured loans. A third-party custodian is to be responsible for safeguarding the pledged crypto tokens in order to ensure adequate risk compliance.

The latest update from JPMorgan now expands its previous initiative that accepted cryptocurrency-linked ETFs as type of loan collateral. This move underscores how traditional banking institutions are gradually increasing their exposure to crypto-assets amid more progressive regulations and growing demand from institutional investors.

The latest update from JPMorgan indicates a reversal for CEO Jamie Dimon, who had once said Bitcoin is a “hyped-up fraud” and also stated that it was kind of like a “pet rock.”

Dimon has now, however, seemingly softened his harsh stance, noting at an investor conference, that he “defends your right to buy Bitcoin, go at it,” even as he remains skeptical of its long-term value proposition.

By acknowledging and approving Bitcoin and Ethereum as a form of collateral, the bank basically treats them somewhat the same alongside traditional assets like stocks, bonds, or the gold bullion.

In addition to large financial institutions, Fintechs like SoFi have been eager to integrate crypto-assets into their product suites. Moreover, Robinhood Markets and Kraken have been focused on bridging digital assets with TradFi by offering a single platform where both types of asset classes can be traded in a seamless manner.

In the coming years, the TradFi and digital assets space will continue to converge, should current trends continue.

Analyst and former exchange executive Arthur Hayes stirred significant market momentum by predicting that Zcash (ZEC) could eventually reach $10,000. Following that forecast, ZEC surged over 30% in 24 hours, climbing from roughly $272 to above $355, and sparked renewed investor interest in the privacy-focused token.

Hayes’ influence in the crypto space is well-known, and his bold outlook appears to have triggered a wave of Fear-Of-Missing-Out (FOMO) among retail traders. On-chain and derivatives data show open interest in ZEC futures spiked, while institutional accumulation of ZEC rose sharply—both signals that momentum traders are acting fast.

However, analysts caution that such rapid gains may carry heightened risk. With the Relative Strength Index (RSI) and other momentum indicators reaching extreme levels, a corrective phase may follow if the token fails to break and hold above key resistance. In the short term, traders will pay attention to support near $281 – $290.

Beyond the hype, Zcash is also benefiting from structural catalysts. Its optional privacy architecture—allowing both shielded and transparent transactions via zk-SNARKs—has positioned it uniquely amid growing regulatory scrutiny of privacy coins. Meanwhile, institutional interest and listing momentum are reinforcing the narrative of ZEC as more than a meme asset.

That said, the long-term path to $10,000 remains speculative. Realizing such a target would likely require sustained institutional adoption, favorable regulatory clarity, and a broader altcoin bull market. Investors should remain cautious of the blurred line between narrative-driven rallies and fundamental value.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.

Hiren Patel

Hiren is a SEO Expert and content writer with a passion for all things cryptocurrency. With two years of experience in the Crypto industry, He has a wealth of knowledge about blockchain technology and the crypto market. He is always on the lookout for new and exciting blockchain projects to work on and is dedicated to helping these projects succeed in the ever-evolving crypto landscape.

Follow up to the hour updates on what is happening in crypto today, October 27. Market movements, crypto news, and more!

XRP surged 3% to $2.68 during Sunday’s session, breaking above the critical resistance level at $2.63 on a dramatic volume spike — one of the largest of the month. Updated Oct 27, 2025, 4:48 a.m. Published Oct 27, 2025, 4:48 a.m.

(CoinDesk Data)

What to know: XRP surged 3% to $2.68, breaking above the critical resistance level at $2.63 with significant trading volume.Institutional interest and upcoming regulatory developments are driving the current momentum in XRP.Traders are monitoring whether XRP can maintain its support at $2.63 and if volume remains high to support further gains.XRP climbed from $2.60 to $2.68, clearing the $2.63 barrier and establishing new support between $2.61-$2.63.

News BackgroundXRP surged 3% to $2.68 during Sunday’s session, breaking above the critical resistance level at $2.63 on a dramatic volume spike — one of the largest of the month. The breakout aligns with growing institutional interest, backed by recent commentary from fund managers noting “hundreds of millions” flowing into XRP-exposure vehicles. The move also comes ahead of expected regulatory and ETF developments, which many analysts believe could accelerate demand.Price Action SummaryXRP climbed from $2.60 to $2.68, clearing the $2.63 barrier and establishing new support between $2.61-$2.63. Trading volume hit approximately 106.5 million units in a single breakout hour — a 147% increase above the prior 24-hour average. The token traded in a tight $0.08 range, illustrating disciplined accumulation rather than erratic speculation. Price action was characterized by higher lows that reinforced the breakout structure, and late-session consolidation near $2.67 suggested buyers were defending gains rather than exiting.Technical AnalysisThe structure now defines a breakout above a multi-session resistance zone with strong volume confirmation, a textbook signal of institutional accumulation. Support at $2.61-$2.63 is newly anchored, while immediate resistance lies in the $2.70-$2.75 area. Volume patterns confirm the move: large spike at breakout, followed by lower volatility during consolidation, pointing toward absorption. Key momentum indicators (RSI, MACD) remain constructive on daily charts, aligning with broader breakout psychology.What Traders Should KnowTraders are now watching two critical behaviours: First, whether XRP can hold the $2.63 support base; a re-test and hold would validate the breakout.Second, if volume remains elevated or picks up again, the breakout has higher-probability extension toward the $2.70-$2.75 zone. On-chain flows and institutional product commentary (e.g., remarks from Teucrium Trading executives about large inflows) support the accumulation narrative. On the risk side, a sustained close below $2.61 would undermine the breakout and could trap price back in its prior consolidation range.More For You

Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.

View Full Report

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Bitcoin Surpasses 50-Day Average, but CoinDesk BTC Trend Indicator Remains Bearish

BTC looks north as Fed rate cut looms. But one key resistance is yet to be cleared.

What to know:

BTC moves above key average hurdle as Fed rate cut looms. CoinDesk's BTI continues to signal downtrend. Prices are yet to top the Ichomoku cloud. Read full story

Dogecoin Breaks Multi-Month Range as $0.21 Resistance Flips to SupportDOGE outperforms broader crypto markets as volume climbs nearly 10% above weekly averages, signaling early accumulation within breakout structure.Updated Oct 27, 2025, 5:00 a.m. Published Oct 27, 2025, 5:00 a.m.

DOGE outperforms broader crypto markets as volume climbs nearly 10% above weekly averages, signaling early accumulation within breakout structure.

News BackgroundDogecoin advanced 1.4% to $0.21 in Tuesday’s session, marking its first decisive move above the $0.2026 resistance threshold since late August. The meme coin’s price action demonstrated relative strength versus the broader market, outperforming the CD5 index by more than 2%. Trading volumes surged 9.82% above the seven-day average, reflecting sustained institutional participation within the meme-asset segment.

Market analysts said the breakout represents “early-cycle momentum building” following nearly two months of compression in the $0.19–$0.20 corridor. “DOGE’s resilience while Bitcoin and Ethereum consolidate suggests rotation flows are returning to higher-beta assets,” said Rishi Patel, a quantitative strategist at Bluepool Digital.

Price Action SummaryDOGE climbed steadily from $0.1950 to $0.2072 through the 24-hour window, establishing a sequence of higher highs and higher lows across a $0.0159 intraday range. The key breakout occurred at 22:00 UTC, when volume spiked to 834.5 million tokens—roughly 180% above the 24-hour moving average—and price surged through the pivotal $0.2026 resistance level.

Momentum carried into early Wednesday trading, with DOGE briefly touching $0.2087 before encountering mild profit-taking. The retracement held comfortably above $0.2070 support, confirming that former resistance has transitioned into a near-term demand zone.

Technical AnalysisThe technical setup remains constructive. DOGE maintains an ascending trendline from the $0.1949 base, with successful retests of the $0.2060–$0.2070 zone underscoring continued buyer control. RSI readings hover near 58 on the 4-hour chart—consistent with the early stages of an uptrend—while MACD remains positive but narrowing, reflecting short-term consolidation after the breakout burst.

Volume analysis shows a healthy distribution pattern rather than capitulation, implying re-accumulation rather than exhaustion. The price structure remains aligned with a bullish continuation phase, though momentum confirmation requires sustained closes above $0.2085.

What Traders Should KnowDOGE’s break above $0.2026 confirms a technical shift out of its multi-month consolidation range. Institutional flows continue to underpin price stability even as retail participation remains muted. A successful defense of $0.2060–$0.2070 support could pave the way for a measured advance toward $0.2130—the 38.2% Fibonacci retracement level from the May–September decline.Failure to hold current support, however, risks a short-term pullback toward $0.1990. Traders are watching for renewed volume surges above the 800M mark as confirmation that smart money accumulation is still in play.More For You

Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.

View Full Report

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XRP’s Clean Technical Break Repositions Bulls for $2.80 Push

XRP surged 3% to $2.68 during Sunday’s session, breaking above the critical resistance level at $2.63 on a dramatic volume spike — one of the largest of the month.

What to know:

XRP surged 3% to $2.68, breaking above the critical resistance level at $2.63 with significant trading volume.Institutional interest and upcoming regulatory developments are driving the current momentum in XRP.Traders are monitoring whether XRP can maintain its support at $2.63 and if volume remains high to support further gains.Read full story

Notably, Bitcoin (BTC) briefly broke above $115,000 on the news. Meanwhile, gold slid 1% to 4,071 in early trading on Monday, October 27, amid easing demand for safe-haven assets.

US-China trade developments coincided with September’s US inflation data, which bolstered bets on back-to-back Fed rate cuts in October and December.

China and the US Announce Trade Deal Framework
Rapid Response 47, an official White House rapid response account, quoted US Treasury Secretary Scott Bessent:

“I believe that we have the framework for the two leaders to have a very productive meeting for both sides – and I think it will be fantastic for US citizens, for US farmers, and for our country in general.”

US President Trump and Chinese Premier Xi are due to meet on Thursday, October 30, potentially ending the US-China trade war.

BCR Market Insight commented on the trade headlines and September US inflation report, stating:

XRPUSD – Daily Chart – 271025 – US-China Trade Headlines
Storm Clouds Clear as XRP Tailwinds Gain Momentum
Expectations of multiple Fed rate cuts and the US-China trade framework coincided with a surge in XRP futures notional volumes, signaling strong institutional demand.

XRP extended its winning streak to four sessions on Sunday, October 26, as traders reacted to several key developments, including:

XRP futures and options on the Chicago Mercantile Exchange (CME) have reached $26.9 billion in notional volume since May 2025, reportedly a record.
The Hidden Road deal closed, with a rebrand to Ripple Prime expected to boost XRP utilization on Main Street.
Ripple-backed Evernorth announced plans to raise over $1 billion to build the world’s largest XRP treasury reserve.
The Rex-Osprey XRP ETF reported its AUM surpassing $100 million in its first month of trading.

Recent developments have shifted the supply-demand outlook, favoring XRP, which sent the token to its highest level since October 10.

Notably, XRP’s rebound has come despite the US government shutdown delaying the launch of six XRP-spot ETFs. However, uncertainty toward demand turned to optimism as XRP futures on the CME reported record volumes, signaling strong demand for XRP-spot ETFs at launch.

Market Sentiment: Retail Capitulation, Institutional Strength
Market intelligence platform Santiment commented on XRP’s recent price action, stating:

“XRP is at ~$2.60 after a +4% day. We’ve seen some retail FUD across social media, indicating small wallets are selling off. During this $2-$3 price stretch, high crowd predictions of XRP under $2 is a buy signal and above $3 is a sell signal.”

The market typically moves in the opposite direction to retail investor sentiment, indicating a positive outlook.

Crucially, XRP flipped Binance Coin (BNB) over the weekend, reclaiming the #4 spot by market cap.

Technical Outlook: Key XRP Price Levels
XRP advanced 1.88% on Sunday, October 26, following the previous day’s 3.42% gain, closing at $2.6456. Despite Sunday’s gains, the token underperformed the broader crypto market, which rallied 2.83%.

A four-day winning streak sent XRP above the 200-day Exponential Moving Average (EMA). However, the token continues trading below the 50-day EMA, indicating a near-term bearish bias. A Senate vote passing a stopgap funding bill could help expedite the launch of XRP-spot ETFs and shift the narrative.

Key technical levels to watch include:

Support levels: $2.62, $2.35, $2.2, $2.0, and $1.9.
Technical resistance level: the 50-day EMA at $2.6926.
Technical support level: the 200-day EMA at $2.6123.
Resistance levels: $2.8, $3.0, and $3.66.

In brief
The company has acquired 93 BTC as part of its daily accumulation program.
It aims to build a 10,000-Bitcoin treasury using $40 million in fresh funding and a rebrand.
Bitcoin has been rising steadily over the past week, buoyed by softer U.S. inflation data and ETF inflows.
South Korea’s publicly listed Bitplanet has executed the first of its daily Bitcoin accumulation plan, buying the asset as part of a broader effort to build a significant war chest using the world’s largest crypto.

The Bitcoin treasury company, backed by Metaplanet CEO Simon Gerovich, purchased 93 BTC on Sunday, one of many expected instances, as it marches toward a 10,000 BTC target.

The program, executed via a regulated and compliant infrastructure, is being positioned by the company as the first Bitcoin purchase by a public Korean firm.

Bitplanet first announced its plan to acquire the crypto during Bitcoin Asia 2025 in late August alongside a rebranding, earmarking $40 million for future purchases.

Bitplanet co-CEO Paul Lee told Decrypt their move “enables legitimate and prudent risk management” for Bitcoin acquisitions.

Over the past month, the company has “materially improved” its governance structure and implemented better investment and capital management processes, Lee said, noting that it had been buying Bitcoin daily for roughly two weeks before the announcement.

Lee added that those purchases had been “fully disclosed” through a compliance monitoring platform operated by Korea’s Financial Services Commission.

The public company’s decision to accumulate Bitcoin comes as the leading crypto asset regains momentum in October following a $19 billion wipeout of leveraged positions earlier this month.

Bitcoin has climbed roughly 6.7% over the past week to $115,200, recovering from last week’s lows near $107,000, according to CoinGecko data. 

The asset added nearly $1,000 to its value Sunday evening, extending gains after softer-than-expected U.S. inflation data from Friday reinforced expectations that the Federal Reserve may further cut rates in December.

Inflows into Bitcoin and Ethereum exchange-traded funds, meanwhile, have reversed a prior outflow trend, with more than $600 million entering the market in the past week.

From legacy tech to cryptoListed on KOSDAQ as 049470, the public company reported trailing twelve-month revenue of about ₩75.5 billion (US$55 million) and net income of about ₩4.7 billion (US$3.4 million), reflecting a relatively stable core operation.

In late August, Bitplanet management confirmed the company’s transition from its legacy IT services under SGA Co., Ltd., rebranding to its new name and adopting a dedicated Bitcoin-treasury model supported by new institutional investors.

Founded in 1997, it operated as an IT services and systems-integration firm specializing in cybersecurity, network infrastructure, and embedded software for government and enterprise clients.

Aside from Gerovich, Bitplanet's leading investor includes Sora Ventures, which has been involved in efforts to build out a consortium of public companies across Asia.

Those companies are currently aligned in building digital asset treasuries, even as major regional stock exchanges have pushed back against the idea.

South Korea’s Digital Asset Basic Act, introduced in June 2025 and expected to take effect by 2027, aims to set unified standards for token issuance, custody, and corporate crypto holdings.

Asked about what investors could expect from Bitplanet once that law sets in, Lee said the company already operates under “stricter interpretation of current FSC guidance to ensure a smooth transition” and had been “preparing to meet or exceed” its regulatory requirements.

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As prices recovered on positive macro signals, nearly $350 million worth of short positions were liquidated in the past day.

Bitcoin price is attempting to recover above $113,500. BTC could rise further if there is a clear move above the $115,500 resistance.

Bitcoin started a fresh recovery wave above the $113,500 resistance level.
The price is trading above $114,000 and the 100 hourly Simple moving average.
There is a bullish trend line forming with support at $113,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to move up if it trades above the $115,500 zone.

Bitcoin Price Starts Fresh Increase
Bitcoin price declined again below the $108,000 level. BTC tested the $106,720 zone and recently started a fresh increase. There was a move above the $112,000 resistance level.

The bulls were able to pump the price above $113,500 and the 100 hourly Simple moving average. Finally, the price spiked above $115,000 and is currently consolidating gains above the 23.6% Fib retracement level of the recent wave from the $106,718 swing low to the $115,400 high.

Besides, there is a bullish trend line forming with support at $113,350 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $114,000 and the 100 hourly Simple moving average.

Source: BTCUSD on TradingView.com
Immediate resistance on the upside is near the $115,250 level. The first key resistance is near the $115,500 level. The next resistance could be $116,200. A close above the $116,200 resistance might send the price further higher. In the stated case, the price could rise and test the $117,000 resistance. Any more gains might send the price toward the $118,000 level. The next barrier for the bulls could be $118,800.

Another Pullback In BTC?
If Bitcoin fails to rise above the $115,500 resistance zone, it could start a fresh decline. Immediate support is near the $114,000 level. The first major support is near the $113,500 level or the trend line.

The next support is now near the $111,000 zone. Any more losses might send the price toward the $110,500 support in the near term. The main support sits at $108,500, below which BTC might struggle to recover in the short term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $114,000, followed by $113,500.

Major Resistance Levels – $115,500 and $116,500.

SummaryCompaniesPLA entities research using AI for autonomous target recognition and battlefield decision support, documents showChinese military appears to favor Deepseek AI modelsPLA seems to be increasing deployment of Huawei AI chips-Jamestown analystPLA continues to look for and use Nvidia chips, though documents don't show when they were exported from U.S.BEIJING/SINGAPORE, Oct 27 (Reuters) - China's state-owned defense giant Norinco in February unveiled a military vehicle capable of autonomously conducting combat-support operations at 50 kilometres per hour. It was powered by DeepSeek, the company whose artificial intelligence model is the pride of China's tech sector.

The Norinco P60’s release was touted by Communist Party officials in press statements as an early showcase of how Beijing is using DeepSeek and AI to catch up in its arms race with the United States, at a time when leaders in

both countries, opens new tab have urged their militaries to

prepare for conflict., opens new tab Sign up here.

A Reuters review of hundreds of research papers, patents and procurement records gives a snapshot of the systematic effort by Beijing to harness AI for military advantage.

Specifics of how the systems behind China's next-generation weapons work and the extent to which it has deployed them are a state secret, but procurement records and patents offer clues into Beijing's progress toward capabilities like autonomous target recognition and real-time battlefield decision support in a way that mirrors U.S. efforts.

Reuters couldn't establish if all the products had been built and patents don't necessarily indicate operational technology.

The People's Liberation Army (PLA) and affiliates continue to use and look for Nvidia chips, including models under U.S. export controls, according to the papers, tenders and patents.

Reuters could not determine if those chips were stockpiled before Washington imposed restrictions as the documents do not detail when the hardware used was exported. Patents filed as recently as June show their use by military-linked research institutes. In September 2022, the U.S. Commerce Department banned exports to China of Nvidia’s popular A100 and H100 chips.

Nvidia spokesman John Rizzo said in a statement to Reuters that while the firm can't track individual resales of previously sold products, "recycling small quantities of old, second-hand products doesn't enable anything new or raise any national security concern. Using restricted products for military applications would be a nonstarter, without support, software, or maintenance."

The U.S. Treasury and Commerce Department did not respond to questions about Reuters' findings.

The Chinese military has also in 2025 increased its use of contractors that claim to exclusively use domestically-made hardware like Huawei AI chips, said Sunny Cheung, a fellow at the Washington-based Jamestown Foundation defence policy think-tank, who analysed several hundred tenders issued from the PLA Procurement Network over six months this year.

Reuters couldn’t independently confirm his assertion but the shift would coincide with a public pressure campaign by Beijing on domestic firms to use China-made technology.

The news agency's review of procurement notices and patents filed to China’s patent office found demand for and use of Huawei chips by PLA affiliates, but it was not able to verify all the tenders seen by Jamestown, which is releasing a report this week that it provided early to Reuters.

Huawei declined to comment when asked about military deployment of its chips. The Chinese defence ministry, DeepSeek, and Norinco did not return requests for comment about their use of AI for military applications. The universities and defence firms that filed the patents and research papers seen by Reuters also did not respond to similar questions.

DEEPSEEK DEPENDENCEUsage of DeepSeek models was indicated in a dozen tenders from PLA entities filed this year and seen by Reuters, while just one referenced Alibaba's Qwen, a major domestic rival.

Alibaba didn’t return a request for comment about military use of Qwen.

DeepSeek-related procurement notices have accelerated throughout 2025, with new military applications appearing regularly on the PLA network, according to Jamestown.

DeepSeek's popularity with the PLA also reflects China's pursuit of what Beijing calls "algorithmic sovereignty" - reducing dependence on Western technology while strengthening control over critical digital infrastructure.

The U.S. Department of Defense declined to comment about the PLA's use of AI.

A State Department spokesperson said in response to Reuters' questions that "DeepSeek has willingly provided, and will likely continue to provide, support to China's military and intelligence operations."

Washington will "pursue a bold, inclusive strategy to American AI technology with trusted foreign countries around the world, while keeping the technology out of the hands of our adversaries," the spokesperson added.

AI-POWERED PLANNING AND APPLICATIONSChina is looking at AI-powered robot dogs that scout in packs and drone swarms that autonomously track targets, as well as visually-immersive command centres and advanced war game simulations, according to the documents.

In November 2024, the PLA issued a sci-fi-esque tender for AI-powered robot dogs that would scout together for threats and clear explosive hazards.

Reuters couldn't identify if the tender was fulfilled. China has previously deployed armed robot dogs from AI robotics manufacturer Unitree in military drills, according to images released in state media.

Unitree didn’t respond to queries about its PLA work.

The review of patents, tenders and research papers published in the past two years shows how PLA and affiliated entities are looking to AI to improve military planning, including developing technology to quickly analyse images taken by satellites and drones.

Researchers at Landship Information Technology, a Chinese company that integrates AI systems into military vehicles including Norinco's, said in a February white paper released to promote their services that its technology built on Huawei chips can rapidly identify targets from satellite imagery, while coordinating with radars and aircraft to execute operations.

The time taken for military planners to shift from finding and identifying a target to executing an operation has also been shortened by AI, according to Xi'an Technological University.

Researchers at that institute said in a summary of their findings released in May that their DeepSeek-powered system was able to assess 10,000 battlefield scenarios - each with different variables, terrain, and force deployments - in 48 seconds.

Such a task would have taken a conventional team of military planners 48 hours to complete, they said.

Reuters could not independently verify the researchers' claims.

AUTONOMOUS WEAPONSChinese military entities are investing in increasingly autonomous battlefield technology, the documents suggest.

Two dozen of the tenders and patents seen by Reuters show the military attempting to integrate AI into drones so they can recognize and track targets, as well as work together in formations with little human intervention.

Beihang University, known for its military aviation research, is using DeepSeek to improve drone swarm decision-making when targeting "low, slow, small" threats - military shorthand for drones and light aircraft - according to a patent filing this year.

Chinese defence leaders have publicly committed to maintaining human control over weapons systems amid growing concern that a conflict between Beijing and Washington could lead to the unchecked deployment of AI-powered munitions.

The U.S. military, which is also investing in AI, is

aiming to deploy, opens new tab thousands of autonomous drones by the end of 2025 in what officials say is an attempt to counter China's numerical advantage in unmanned aerial vehicles.

U.S. CHIPS, CHINESE MODELSChinese defence contractors like Shanxi 100 Trust Information Technology have touted in marketing materials their reliance on domestically produced components like Huawei's Ascend chips, which allow AI models to operate.

The firm didn't respond to questions about its relationship with Huawei and the PLA.

Despite the move to domestic processors, Nvidia hardware continues to be frequently cited in research by military-affiliated academics, according to a review of patent filings from the past two years.

Reuters identified 35 applications referencing use of Nvidia's A100 chips by academics at the PLA's National University of Defense Technology (NUDT) and at the

"Seven Sons", opens new tab - a group of Chinese universities under U.S. sanctions and with a history of conducting defence-related research for Beijing.

Those entities in the same time period filed 15 patents related to AI applications that cited Huawei Ascend hardware, which was designed as a substitute to Nvidia chips.

As recently as June, the PLA Rocket Force University of Engineering separately filed a patent for a remote-sensing target detection system, which it said used A100 chips for model training.

Senior Col. Zhu Qichao, who leads a NUDT research centre, told Reuters last year that U.S. restrictions have impacted their AI research "to some degree," though they are determined to narrow the technological gap.

Nvidia’s Rizzo played down PLA demand for Nvidia’s hardware, saying that China “has more than enough domestic chips for all of its military applications.”

Reporting by Eduardo Baptista and Fanny Potkin; Editing by Brenda Goh and Katerina Ang

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

Buterin argues Ethereum L2s inherit layer-1 security preventing 51% attacks from validating invalid blocksYakovenko claims L2 networks face centralization risks through multi-signature custody and inadequate code auditsCurrently 129 verified L2 networks exist, fragmenting liquidity and reducing Ethereum base layer transaction revenueEthereum co-founder Vitalik Buterin and Solana co-founder Anatoly Yakovenko have presented conflicting views on the security of Ethereum’s layer-2 networks.

This has sparked debate within the crypto industry over whether L2 solutions truly inherit robust security from Ethereum’s base layer.

Sponsored

Buterin Defends L2 Security ModelButerin emphasizes that Ethereum layer-2 solutions maintain strong security against 51% attacks. They inherit finality guarantees from the base layer. In a recent post on X, he stated: “A key property of a blockchain is that even a 51% attack cannot make an invalid block valid. This means even 51% of validators colluding (or hit by a software bug) cannot steal your assets.”

However, Buterin acknowledged limitations when validator sets are trusted beyond chain-controlled functions.

“This property does not carry over if you start trusting your validator set to do other things, that the chain does not have control over,” he added. “At that point, 51% of validators can collude and give a wrong answer, and you don’t have any recourse.”

Regular reminder:

A key property of a blockchain is that even a 51% attack *cannot make an invalid block valid*. This means even 51% of validators colluding (or hit by a software bug) cannot steal your assets.

However, this property does not carry over if you start trusting…

— vitalik.eth (@VitalikButerin) October 26, 2025
Major L2 networks, including Arbitrum, Base, Optimism, and Worldchain, collectively hold over $35 billion in locked value. They rely on Ethereum’s security architecture. The Ethereum validator set currently exceeds one million active participants, significantly outnumbering Solana’s approximately 2,000 validators. Proponents argue this bolsters resistance to coordinated attacks.

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Yakovenko Questions L2 Security AssumptionsYakovenko directly challenged Buterin’s assertions.

“The claim that L2s inherit eth security is erroneous. 5 years into the L2 roadmap, wormhole eth on solana has the same worst case risks as eth on base and generates as much revenue for eth L1 stakers,” he stated on X(Twitter).

The claim that L2s inherit eth security is erroneous. 5 years into the L2 roadmap, wormhole eth on solana has the same worst case risks as eth on base and generates as much revenue for eth L1 stakers. It’s wrong no matter how you slice it.

— toly 🇺🇸 (@aeyakovenko) October 26, 2025
The Solana co-founder questioned whether technical limitations prevent L2s from achieving desired security properties.

Sponsored

“Yes there is something fundamental about L2s that makes it difficult to actually achieve the desired security. That’s why it hasn’t happened in 5 years. Or are you suggesting that all the L2 teams are lazy or dumb?” Yakovenko wrote.

Yes there is something fundamental about L2s that makes it difficult to actually achieve the desired security. That’s why it hasn’t happened in 5 years. Or are you suggesting that all the L2 teams are lazy or dumb? https://t.co/eGAQB84NP0

— toly 🇺🇸 (@aeyakovenko) October 26, 2025
He identifies three primary concerns with current L2 implementations. First, L2 networks expose vast attack surfaces with complex code bases, which prove difficult to audit comprehensively. Second, multi-signature custody arrangements allow funds to be moved without user consent. This occurs if signers collude or face compromise. Third, off-chain processing mechanisms centralize control, contradicting blockchain’s core decentralization principles.

Yakovenko has proposed developing a specialized bridge that positions Ethereum as a layer-2 for Solana. This aims to facilitate seamless asset transfers between ecosystems while addressing security concerns.

Sponsored

Proliferation Raises Ecosystem ConcernsThe Ethereum layer-2 landscape has expanded significantly. L2Beat reports 129 verified networks alongside 29 additional unverified ones. This proliferation has generated debate over whether it fosters innovation or creates inefficiencies.

CoinGecko data shows that in the first half of 2025, Ethereum declined 25.0% while Solana dropped 19.1%. However, Solana outperformed Ethereum by 26.2% in January before both assets faced broader market pressure.

SOL/ETH: CoinGecko This reflects shifting market sentiment. Industry observers note that as layer-2 networks evolve, initiatives like data availability sampling and shared sequencing aim to mitigate centralization risks. The debate underscores ongoing challenges in balancing security with scalability.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

In brief
Bitcoin rose 3.5% over the weekend to $115,400 as optimism grew over easing U.S.–China trade tensions.
Officials from both countries reached a preliminary framework in Malaysia, boosting risk appetite across global markets.
Market sentiment on Myriad skewed toward “greed,” while analysts cautioned that on-chain activity hasn’t yet confirmed the rally.
Bitcoin and the broader crypto market surged over the weekend, fueled by potential de-escalation in the U.S.-China trade war.

Bitcoin gained 3.5% on Sunday, rising from $110,960 to $115,400, before cooling slightly. The asset is currently trading at $115,235, per CoinGecko data. Bitcoin is still down about 6.5% from its October 6 all-time high $126,000.

The renewed rally comes amid easing trade tensions between the world’s two largest economies.

The U.S. and Chinese officials met in Malaysia over the weekend, resulting in a preliminary framework agreement described by both sides as a constructive step toward cooling the trade war.

“Bitcoin’s weekend rally underscores how macro sentiment continues to steer digital assets,” Daniel Liu, CEO of Republic Technologies, told Decrypt. “The renewed optimism around U.S.-China trade talks has temporarily lifted risk appetite across markets, and Bitcoin, increasingly viewed as a high-beta macro asset, followed suit.”

The reaction reveals more about liquidity psychology than trade fundamentals, Liu highlighted, suggesting there is no direct link between tariff negotiations and crypto demand. 

“What we’re really seeing is a reflexive move of traders pricing in a softer macro environment and looser financial conditions, not a structural shift in the U.S.–China dynamic,” Liu added.

Users on the prediction platform Myriad, owned by Decrypt’s parent company Dastan, leaned toward market greed on Sunday, with sentiment spiking to 60% earlier in the day before easing to 57.4% versus 42.6% for fear.

“Trump's renewed U.S.-China dialogue has positively influenced Bitcoin alongside other risk assets,” Daniel Kim, CEO of Tiger Research, told Decrypt. “This week's APEC summit will likely add to short-term volatility.”

Although the U.S.-China trade war has lifted sentiment, on-chain metrics revealed vulnerability with key indicators like transaction count and active users not yet confirming the price rebound, leaving the near-term trajectory uncertain, according to Tiger Research’s Thursday report.

Still, the report maintained a bullish view for the fourth quarter, with Tiger Research analysts forecasting a $200,000 target for Bitcoin, driven by global liquidity expansion, continued institutional inflows, and the Fed's rate-cutting stance.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

RV Capital AG disclosed the sale of 50,653 shares of Interactive Brokers Group, estimated at ~$3.19 million based on the quarterly average price, in its October 22, 2025 SEC filing for Q3 2025.

What happenedAccording to an SEC filing dated October 22, 2025, RV Capital reduced its stake in Interactive Brokers Group (IBKR +2.35%) by 50,653 shares during the quarter.

The estimated transaction value was approximately $3.19 million, based on the period’s average closing price.

After this sale, the fund’s remaining position was 799,267 shares, valued at $54,997,562 as of September 30, 2025.

What else to knowRV Capital’s move was a partial sale; Interactive Brokers Group now represents 10.1% of reported AUM as of September 30, 2025.

Top holdings after the filing:

Carvana: $167.97 million (30.8% of AUM)Meta Platforms: $102.60 million (18.8% of AUM)Credit Acceptance Corp: $60.90 million (11.1% of AUM)Wix.com: $55.95 million (10.2% of AUM)Interactive Brokers: $55 million (10.1% of AUM)As of October 21, 2025, shares of Interactive Brokers Group were priced at $66.27, outperforming the S&P 500 by 64 percentage points.

Company OverviewMetricValueRevenue (TTM)$5.95 billionNet Income (TTM)$917.00 millionDividend Yield0.40%Price (as of market close 2025-10-21)$66.27Company SnapshotInteractive Brokers offers electronic brokerage services for stocks, options, futures, forex, bonds, mutual funds, ETFs, precious metals, and cryptocurrencies.

It serves institutional clients—including hedge funds, proprietary trading groups, introducing brokers, and registered investment advisors—as well as individual investors globally.

The company operates a global trading platform with access to over 150 markets in multiple countries and currencies.

Interactive Brokers Group is a leading automated electronic broker with a global presence, providing a broad range of trading and investment products across multiple asset classes.

Its scalable platform and diversified service offering position it as a competitive force in the electronic brokerage industry.

Foolish takeRV Capital's sale of Interactive Brokers in the third quarter is definitely something investors shouldn't panic about.

Not only was the sale relatively minor, but Interactive Brokers remains the firm's fifth-largest holding. In fact, despite RV Capital selling roughly one-third of its Interactive Brokers shares over the last two years, the stock's portfolio allocation grew from 8% to 10%.

As odd as this sounds, it is due to the fact that the stock more than tripled over the just the last two years as the company continues to grow sales and earnings by double-digit rates while adding new customers at an incredible clip.

Home to a long list of awards of recognitions such as the best platform for trading professionals, best platform for option traders, and best broker for international trades, Interactive Brokers has become a staple of the investment landscape.

Despite the stock's incredible run over the last two years, its price-to-earnings ratio is only up to 33. While this is higher than its historical averages, it isn't outrageous for a business that just grew customer accounts and customer equity by 32% and 40% in the last quarter.

More than doubling the total returns of the S&P 500 since its IPO in 2007, the future remains bright for Interactive Brokers. However, in RV Capital's case, it made some sense to trim its already hefty position in the company.

Glossary13F reportable assets: Assets that institutional investment managers must disclose quarterly to the SEC if they exceed a certain threshold.
Assets under management (AUM): The total market value of investments managed by a fund or investment firm on behalf of clients.
Partial sale: Selling only a portion of a fund's position in a particular security, rather than the entire holding.
Stake: The amount of ownership or investment a fund or individual holds in a company.
Outperforming: Achieving a higher return or better performance compared to a specific benchmark or index.
Proprietary trading groups: Firms or teams that trade financial instruments using their own capital, rather than on behalf of clients.
Introducing brokers: Firms or individuals who refer clients to a brokerage, earning commissions but not directly handling client accounts.
Registered investment advisors (RIAs): Professionals or firms registered to provide investment advice and manage client portfolios for a fee.
Electronic brokerage: A brokerage that provides trading services primarily through online platforms, with minimal human intervention.
Asset classes: Categories of investments, such as stocks, bonds, commodities, or real estate, with similar characteristics.
Scalable platform: A technology system that can handle increased demand or growth without losing performance or reliability.
TTM: The 12-month period ending with the most recent quarterly report.

IonQ's quantum computing opportunity looks like a riskier bet than investing in tried-and-true AI companies.

Quantum computing could transform many industries -- including pharmaceutical discovery, materials science, artificial intelligence (AI), and cybersecurity -- as the technology becomes more efficient. Some experts believe quantum computing will be the next big technological wave, which is why startups like IonQ are getting a lot of attention from investors right now.

The company's quantum computers use trapped ions to perform computations, which could potentially offer more accurate and scalable solutions than other quantum hardware. But many estimates still put the real-world benefits of quantum computing years down the road.

As such, I think it's better for most investors to focus their attention on artificial intelligence opportunities right now, which still have many more years of potential growth. Here are two companies that will likely be better investments than IonQ stock in the coming years.

Image source: Getty Images.

1. Taiwan Semiconductor
Taiwan Semiconductor (TSM +1.46%) is the manufacturing workhorse behind nearly all of the world's most advanced semiconductors, including those for AI data centers. If you look under the hood of nearly any artificial intelligence server, the processors manufactured in it are likely made by Taiwan Semiconductor, also called TSMC.

The company has spent decades developing the most advanced semiconductor manufacturing plants, essentially leaving rivals like Samsung and Intel in the dust. Making advanced chips is no easy feat, and having the equipment to do so takes billions of dollars in investments, which has given TSMC an early lead that's propelled it to about 90% of the advanced processor market.

Fortunately, sales and earnings have followed. In the company's most recent third quarter results, revenue rose by 30% to $33.1 billion, and earnings increased 39% to $2.92 per American depositary receipt (ADR). TSMC's CEO, C.C. Wei, highlighted the company's confidence in its AI opportunity on the Q3 earnings call, saying, "We are still very comfortable that the demand for leading edge semiconductor is real."

To top it all off, TSMC's stock is relatively well-priced compared to many of its AI peers. The company's shares have a price-to-earnings ratio of 31.5, which is nearly on par with the average P/E ratio of 31 for the S&P 500 index and far lower than the tech sector's 47 average.

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2. Broadcom
Broadcom (AVGO +2.86%) is a leading designer of application-specific integrated circuits (ASICs) that are used in artificial intelligence and cloud computing systems, and it has become a leading choice for some AI companies' needs.

For example, ChatGPT creator OpenAI announced recently that it is partnering with Broadcom for 10 gigawatts' worth of AI accelerators by 2029. Broadcom will work with OpenAI to codevelop AI accelerators, and Broadcom will deploy AI server racks and networking systems.

The result could be billions of dollars in sales for the company, per WSJ, and it comes at a time when Broadcom's AI revenue is already booming. Management estimates that its artificial intelligence revenue will be $90 billion annually by 2027 -- a 650% increase from 2024.

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AI is the better long-term play
IonQ's bet on quantum computing could eventually pay off, but right now it's a pretty big gamble. The company had just $21 million in sales in the recent quarter, compared to its $178 million net loss. With most real-world applications of quantum computing still years down the road, investors are essentially placing a bet that IonQ will benefit from quantum computing before the industry has even taken shape.

Instead, investors are likely better off putting their money toward two leading artificial intelligence companies -- Taiwan Semiconductor and Broadcom -- that are already growing sales and earnings significantly and have a foothold in the AI market. While no investment outcome is guaranteed, these two companies are already established leaders and should continue benefiting from their early AI moves for years to come.

, /PRNewswire/ -- NetDragon Websoft Holdings Limited ("NetDragon" or "the Company"; Hong Kong Stock Code: 777), a global leader in building internet communities, is pleased to announce that it has signed a strategic Memorandum of Understanding ("MOU") with Open University Malaysia ("OUM") in Fuzhou, Changle. This collaboration marks a major step forward in integrating the strengths of both parties in open education and digital technology to explore how artificial intelligence (AI) and other emerging technologies can be applied more deeply in education, setting a new benchmark for the development of open and distance learning worldwide.

The signing ceremony was witnessed by Dr. Simon Leung, Vice Chairman of NetDragon, and Prof. Datin Dr. Santhi Raghavan, Vice President/Deputy Vice-Chancellor (Learner Experience and Technology) of OUM. The MOU was signed by Mr. Chen Hong, Senior Vice President of NetDragon, and Prof. Datuk Dr. Mohd Tajudin Md Ninggal, Vice President/Deputy Vice-Chancellor (Academic and Research) of OUM.

Under the MOU, both parties will adhere to the principle of mutual benefit and establish a forward-looking cooperation framework focused on the innovative application of AI and digital technologies in education. The collaboration will explore several strategic areas, including AI-driven digital content innovation, advanced technology certification and laboratory development, skills enhancement, and curriculum development, as well as the construction of a comprehensive digital education ecosystem. The two parties will jointly develop AI-driven digital teaching content and integrate intelligent learning analytics into OUM's Learning Management System (LMS), including a psychological wellness dashboard and AI-enhanced psychometric profiling system. These tools will enable accurate insights into learners' behaviors and emotions, supporting personalized learning interventions and improving teaching effectiveness. Meanwhile, the collaboration will also explore blockchain-based digital credentialing and micro-certification systems to ensure the security and credibility of academic qualifications, while planning to establish a joint "AI Research and Innovation Laboratory" that focuses on instructional design, gamified learning, and the ethical application of AI in education.

In addition, both parties will, in alignment with industry needs and lifelong learning objectives, jointly develop micro-credential courses and technical and vocational education and training (TVET) programs, and offer language certification services to enhance learners' employability. In terms of digital education ecosystem development, the collaboration will be carried out through OUM and its network of strategic partners to jointly advance the implementation of digital education initiatives, while also engaging in global policy dialogues and thought-leadership collaboration to help shape the future development model of open universities.

At the signing ceremony, Mr. Chen Hong, Senior Vice President of NetDragon, stated: "This strategic partnership with Open University Malaysia marks another important milestone for NetDragon to engage with global education institutions such as the United Nations Educational, Scientific and Cultural Organization (UNESCO). Together, we will accelerate the large-scale application of AI across diverse learning scenarios, injecting strong momentum into the development of a future education ecosystem."

Prof. Datuk Dr. Mohd Tajudin Md Ninggal, Vice President/Deputy Vice-Chancellor (Academic and Research) of OUM, remarked: "We firmly believe that this collaboration will reinforce our commitment to global higher education and further advance open, distance, and digital learning. It also marks an important step in driving the integration of digital education and AI, as well as in fostering innovative learning solutions."

During the media interview following the signing ceremony, Prof. Datin Dr. Santhi Raghavan, Vice President/Deputy Vice-Chancellor (Learner Experience and Technology) of OUM, said, "NetDragon's AI Content Factory and its approach to gamified learning have made a strong impression on us. As digital technologies are set to fundamentally reshape the education ecosystem, we hope that our collaboration with NetDragon will help OUM maintain its leadership in open education."

As a pioneer Chinese enterprise in the global expansion of education, NetDragon continues to expand its footprint across Belt and Road countries, with its education business reaching over 190 countries. Dr. Simon Leung, Vice Chairman of NetDragon, added: "Through this collaboration, NetDragon aims to develop a scalable and replicable 'AI + Open Education' model that can be flexibly adapted for partnerships with other countries in the future. By sharing our digital education philosophy, technological capabilities, and operational framework with more Belt and Road countries and local educational institutions, we look forward to building a more equitable, inclusive, and intelligent global education ecosystem together."

About NetDragon Websoft Holdings Limited  

NetDragon Websoft Holdings Limited (HKSE: 777) is a global leader in building internet communities, with a long track record of developing and scaling multiple internet and mobile platforms that impact hundreds of millions of users. Over the desktop and mobile internet eras, NetDragon previously established China's first online gaming portal, 17173.com, and China's most influential smartphone app store platform, 91 Wireless.   

Established in 1999, NetDragon is one of the most reputable and well-known online game developers in China with a history of successful game titles including Eudemons Online, Conquer Online, Heroes Evolved and Under Oath. In the past 10 years, NetDragon has also achieved success with its EdTech business both domestically and globally. Fully embracing the new AI era, NetDragon is driving its vision of "Infinite Growth" through a dual-focus strategy of "AI+Gaming" and "AI+Education". With its AI Content Factory empowering operations and working with partners to develop a global learning metaverse, NetDragon is committed to once again building a massive user community in the new AI era.

NetDragon's overseas edtech business entity, currently a U.S.-listed subsidiary named Mynd.ai, is a global leader in interactive technology and its award-winning interactive displays and software can be found in more than 1 million learning and training spaces across 126 countries.   

About Open University Malaysia

Open University Malaysia (OUM) is Malaysia's first open university, with 35 learning centers across the country. It offers more than 60 online programs, serves around 40,000 students, and has a growing alumni network of more than 140,000 graduates. All of its programs are accredited by the Malaysian Qualifications Agency (MQA), with several also recognized by international organizations such as CPA Australia and the UK's Chartered Management Institute (CMI). With its 35 learning centers nationwide, OUM serves a diverse community that includes government officials, teachers, nurses, and entrepreneurs —remains committed to making lifelong learning accessible to all through a flexible, inclusive, and high-quality education model.

For investor enquiries, please contact:  
NetDragon Websoft Holdings Limited  
Email: [email protected]   

SOURCE NetDragon Websoft Holdings Limited

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Some quantum computing stocks have generated unimaginable returns over the past year.

A small group of quantum computing stocks has taken the market by storm. For instance, one of these stocks, like Rigetti Computing, is up over 2,880% over the past year. Even in this inflated stock market, returns like this are simply unheard of. But now, after such a big run, companies like Rigetti are inherently risky because they lack material revenue and earnings right now and are a pure bet on the commercialization of quantum computers.

If it happens, Rigetti shareholders will do well. If it doesn't, then who knows? For this reason, investors should tread carefully when approaching the pure-play quantum computing stocks. However, if they want exposure to the sector in a much more conservative manner, they can buy these two quantum computing stocks instead.

Image source: Getty Images.

Microsoft Majorana 1
For those who are unaware, quantum computing seeks to be the next evolution of the computer. While computers are built on bits, the smallest unit of digital information, quantum computers are built on qubits, which are in a state of superposition and can therefore compute solutions to problems simultaneously to come up with better answers to problems. They will also supposedly be able to solve more complex problems beyond what even some of the most powerful supercomputers are currently capable of. Of course, it's hard to tell how close the industry is to achieving the desired technology and eventual commercialization.

In February, Microsoft (MSFT +0.56%) unveiled its first-ever quantum computing chip, called Majorana 1. Interestingly, unlike some of its peers, the chip had eight topological qubits, which use indium arsenide, a semiconductor, and aluminum, a superconductor. Some researchers hailed Microsoft's chip as a breakthrough in the industry because the process with which Microsoft built its quantum chip makes it easier to prevent interference from noise, or errors, with the qubits, which is one of the main issues in the industry.

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Now, in gate-based quantum computing, the more qubits a quantum system has, the more powerful it can become, although it also becomes more prone to errors because it's hard for the qubits to maintain a state of stability. While the pure-play quantum computers have developed quantum systems with far more qubits, Microsoft said the chip it released is built to eventually fit 1 million qubits.

Of course, it is very difficult for the average investor to parse through available information on Majorana and make a call about how close the system is to achieving its desired state, let alone commercialization. But that's what's great about owning Microsoft. The company has so many other strong tech businesses that have made it one of the largest companies and stocks in the world. These include Microsoft's cloud business, artificial intelligence, gaming, social media, hardware, and its suite of office tools, devices, and hardware that powers the business world. Microsoft is also expected to be a prime beneficiary of the artificial intelligence revolution, so if quantum doesn't work out, that's OK.

Microsoft and other tech stocks trade at elevated valuations, driven by AI hype, so pullbacks are always possible. But in the long term, Microsoft certainly isn't going anywhere and will likely be a part of any tech or AI revolution down the road. It's also one of the only companies with a higher bond rating than that of the U.S. government.

Google's Willow
Google, which is owned by parent company Alphabet (GOOG +2.67%) (GOOGL +2.70%), released its latest quantum system, called Willow, at the end of 2024.

The system boasted an impressive 105 qubits. But perhaps the more impressive feat is Willow's ability to reduce its error rate as it scales qubits higher. At the time, researchers and scientists praised the error rates Google released to the public, but there was still skepticism regarding what real-world use cases Willow is capable of.

Very recently, Willow began to show more progress. Google, in a recently released research paper, said Willow ran an algorithm on its quantum computing chip that was able to detail the structure of a molecule, which could be key for further discoveries in the medical field. Furthermore, Willow performed this task 13,000 times faster than a classic supercomputer, according to Google, the first time any quantum system has run an algorithm more powerful than what supercomputers are capable of.

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Now, this doesn't mean quantum computers will be in every household tomorrow, or even years from now. But the more success quantum developers show, the more funding they are likely to get, which will help the sector advance.

Alphabet is another stock you can buy that will do just fine with or without quantum. While facing challenges from conversational chatbots like ChatGPT, Google is still the leader in the search space, and I suspect the company will fight hard to keep it this way. Alphabet also owns many other strong businesses with massive growth potential, like its autonomous driving business Waymo, YouTube, and Google Cloud, just to name a few. Like Microsoft, the company is also expected to benefit heavily from the AI boom.

Amplius Wealth Advisors, LLC disclosed the sale of 75,079 shares of the iShares Core S&P U.S. Growth ETF worth an estimated $11.8 million in its SEC filing for the period ended September 30.

What HappenedIn a U.S. Securities and Exchange Commission filing released Tuesday, Amplius Wealth Advisors reported selling 75,079 shares of the iShares Core S&P U.S. Growth ETF (IUSG +1.10%) for an estimated $11.8 million based on the average closing price for the third quarter. The fund’s remaining stake is 43,598 shares, valued at $7.2 million.

What Else to KnowTop holdings after the filing:

CBOE:AAAA: $234.5 million (20.3% of AUM)NYSEMKT:PVAL: $85.7 million (7.4% of AUM)NYSEMKT:RECS: $64.6 million (5.6% of AUM)NYSEMKT:TMFC: $63.6 million (5.5% of AUM)NYSEMKT:STIP: $48.5 million (4.2% of AUM)As of Friday, IUSG shares were priced at $167.39, up 24.5% over the past year, whereas the S&P 500 has climbed nearly 17%.

ETF OverviewMetricValueAUM$25.7 billionPrice (as of market close Friday)$167.39One-year total return26%Dividend yield0.5%ETF SnapshotIUSG invests at least 80% of assets in index components and economically similar securities.The ETF operates as a passively managed ETF designed for cost-efficient core U.S. equity growth exposure.It serves institutional and individual investors seeking diversified U.S. growth equity exposure.The iShares Core S&P U.S. Growth ETF (IUSG) provides investors with targeted exposure to U.S. growth equities by replicating a widely recognized benchmark. The fund emphasizes broad diversification in its strategy. Its scale and disciplined index approach support efficient access to key growth segments of the U.S. equity market.

Foolish TakeAmplius Wealth Advisors’ sale of iShares Core S&P U.S. Growth ETF shares this quarter appears to be part of a broader portfolio adjustment rather than a shift away from growth investing. Despite the sale, Amplius maintains significant exposure to IUSG through its flagship Amplius Aggressive Asset Allocation ETF (AAAA), which owns 108,245 shares of IUSG. AAAA is Amplius’ top holding, owning nearly 8.8 million shares.

The move came as Amplius trimmed several growth-oriented ETFs, including QQQ and ACWI, while adding to USTB, a short-term bond fund—signaling a cautious tilt toward balance after a strong equity rally. However, because AAAA also holds sizable positions in QQQ and ACWI, Amplius’ overall exposure to growth remains substantial, suggesting more of a risk recalibration than a retreat.

IUSG tracks the S&P 900 Growth Index and offers low-cost, diversified exposure to large- and mid-cap U.S. growth stocks. For long-term investors, Amplius’ strategy underscores the value of adjusting risk levels without abandoning core growth allocations—especially when valuations climb and interest rates stay elevated.

GlossaryETF (Exchange-Traded Fund): An investment fund traded on stock exchanges, holding a basket of assets like stocks or bonds.
Assets Under Management (AUM): The total market value of assets a fund or investment manager oversees on behalf of clients.
13F: A quarterly SEC filing required from institutional investment managers disclosing their equity holdings.
Alpha: A measure of an investment's performance relative to a benchmark, indicating outperformance or underperformance.
Dividend yield: The annual dividend income expressed as a percentage of the investment's current price.
Passively managed ETF: A fund that seeks to replicate the performance of a specific index rather than actively selecting investments.
Index components: The individual securities that make up a financial index tracked by a fund.
Core U.S. equity growth exposure: Investment focus on major U.S. companies expected to grow earnings faster than the market average.
Benchmark: A standard or index used to measure and compare investment performance.
Total return: The investment's price change plus all dividends and distributions, assuming those payouts are reinvested.
Stake: The amount of ownership or shares held in a particular investment.
Trading days: Days when financial markets are open for buying and selling securities.

The sell-off in Netflix stock is a buying opportunity.

Shares of Netflix (NFLX 1.70%) fell 10.1% on Wednesday after the company reported a surprise earnings miss due to an ongoing Brazilian tax dispute that resulted in an unexpected $619 million charge.

Consensus analyst estimates had guided for $6.97 in earnings per share; Netflix only delivered $5.87. But to its credit, revenue came in as expected.

At the time of this writing, the stock is down 17% from its 52-week high, and here's why the sell-off in Netflix is an impeccable buying opportunity for long-term growth investors.

Image source: Getty Images.

Know what game you are playing
When great companies sell off for nonrecurring reasons, I'm often reminded of my favorite chapter from Morgan Housel's book The Psychology of Money. In it, Housel discusses the importance of knowing what game you're playing, describing the stock market as a playing field where multiple games are being played simultaneously.

On this field, there are traders looking to make a quick buck. To them, a stock's price is more important than the business behind it.

Then, there are long-term investors who view the stock price as merely a reflection of sentiment in the moment. They are investing in the company for the long haul, perhaps three to five years, or maybe even decades. There are individual investors like you and me, and there are institutional investors with multibillion-dollar portfolios.

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These two forces act like a tug-of-war on the stock price. Over the long run, earnings drive stock prices. But in the short term, traders can have a big impact.

Traders who were riding Netflix higher and betting big on a perfect earnings report didn't get it. The company unexpectedly incurred hundreds of millions of dollars in losses from the Brazilian tax issue.

And that blind-side hit was so strong that it erased over $50 billion in market cap in a single session. But this sell-off has nothing to do with Netflix's investment thesis.

The making of a cash cow
Dig deeper into Netflix's results, and you'll find that the underlying business is stronger than ever.

Without the $619 million expense, Netflix would have exceeded its operating-margin guidance of 31.5%. Full-year revenue is expected to grow 16% year over year, and Netflix expects a full-year operating margin of 29% -- even when factoring in the Brazilian tax issue.

The company said it remains committed to growing revenue, operating margins, and free cash flow. As you can see in the following chart, Netflix has gone from inconsistently profitable to a high-margin cash cow.

NFLX Revenue (TTM) data by YCharts; TTM = trailing 12 months.

Netflix has perfected a formula for content creation, in terms of both quality and quantity. As a subscription business, the streamer must produce or license enough content and maintain an attractive existing library to keep subscribers engaged and to justify price increases. It has aggressively increased prices in recent years without dramatically affecting its subscriber base -- a testament to the value of its service.

Maximizing major hits
One ingredient of Netflix's secret sauce is undoubtedly its major hits. Netflix has such a high content budget that it can afford to take risks, swinging big and often striking out but also hitting some clutch walk-off home runs now and then.

In recent years, Stranger Things, Squid Game, and now KPop Demon Hunters are three good examples of somewhat unexpected hits. These aren't high-budget box office films with star-studded casts and gobs of marketing budgets. But they embody what makes Netflix unique.

Stranger Things originated in the U.S., and Squid Game was initially produced for a South Korean audience and later dubbed in multiple languages. KPop Demon Hunters is an animated film, not a series, which became Netflix's most successful film ever -- animated or live action.

The company is stretching its content further, in terms of franchise flywheels and global markets. The first four episodes of the fifth season of Stranger Things will be released on Nov. 26. Netflix has transformed one eight-episode season into nearly a decade of value creation.

Netflix just tapped Mattel and Hasbro for shared master toy licenses of KPop Demon Hunters. With global interest high, there's a runway for multiple sequels if Netflix chooses.

There are plenty of other examples of smash hits across categories, from reality TV shows to historic dramas and comedies. And despite being the undisputed global leader in streaming, Netflix remains a coiled spring for long-term growth.

In its third-quarter shareholder letter, management cited data that showed its share of TV time grew from 7.5% in the fourth quarter of 2022 to 8.6% in the third quarter of 2025 in the U.S.; in the U.K., it went from 7.7% to 9.4%.

In an industry still dominated by linear networks (i.e., cable), Netflix believes there's room to continue capturing market share by attracting audiences with different interests and expanding its content slate.

Play the long game
Netflix's content range and global distribution make it well positioned to sustain growth over the long term. The business is at the top of its game, and the stock sold off for reasons that may spook traders, but not long-term investors.

Now is the time to take a step back, tap into Housel's wisdom, and remember what game you're playing. If you're investing in Netflix for at least three to five years, this earnings report was a dream come true because it reaffirmed all the reasons it is a great company and gave investors a 10%-off coupon on the stock.

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

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

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

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

Analyst’s Disclosure:I/we have a beneficial long position in the shares of QTUM 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.

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.

Setting new standards in responsible innovation, CSL's Broadmeadows facility blends Pharma 4.0™ principles with sustainable design to transform plasma manufacturing

, /PRNewswire/ -- CSL's base fractionation facility in Broadmeadows, Australia has been recognised as the Overall Winner of the 2025 Facility of the Year Award (FOYA) by the International Society for Pharmaceutical Engineering (ISPE).

Setting new standards in responsible innovation, CSL’s Broadmeadows facility blends Pharma 4.0™ principles with sustainable design to transform plasma manufacturing.

Purpose-built to optimise the production of plasma-derived therapies for conditions such as immunodeficiencies, neurological disorders, and burns, the Broadmeadows facility combines cutting-edge technologies with a pioneering hybrid manufacturing platform. Key features include advanced automation, real-time production monitoring, robotics, and digital twin infrastructure that enable flexible multi-process manufacturing, fully paperless execution and continuous improvement. Its modular design ensures scalability and long-term adaptability.

These advancements have increased plasma processing capacity nine-fold – enabling the facility to handle over 10 million litres annually – while boosting efficiency and yield, which enables CSL to impact the lives of more patients globally.

"This prestigious award underscores CSL's unwavering commitment to innovation, operational excellence, and sustainability, and positions the Broadmeadows facility as a global benchmark in next-generation biopharmaceutical manufacturing. The Facility of the Year Award is a tribute to the dedication and collaboration of our entire team – across functions and continents," emphasised Andrew Hodder, VP Manufacturing and Site Head at Broadmeadows.

The facility's sustainable infrastructure plays a vital role in advancing CSL's commitment to responsible innovation and long-term impact, with innovations such as reusable filters, energy-efficient systems, and a fully automated warehouse powered by robotic vehicles for seamless material handling. "By combining automation, digital innovation, and sustainable design, we've built a future-ready facility that not only meets the highest standards in pharmaceutical manufacturing but also sets a new benchmark for responsible innovation", underlined Jeffrey Ball, Chief Sustainability Officer and Senior Vice President for EHS, Strategy & Engineering.

This recognition builds on the facility's earlier achievement in May 2025, when it received the ISPE FOYA award in the Pharma 4.0™ category for its advanced use of digital technologies and automation to transform pharmaceutical manufacturing.

About CSL

CSL (ASX: CSL; USOTC: CSLLY) is a leading global biopharma company with a dynamic portfolio of lifesaving medicines, including those that treat haemophilia and immune deficiencies, vaccines to prevent influenza, and therapies in iron deficiency, dialysis and nephrology. Since our start in 1916, we have been driven by our promise to save lives using the latest technologies. Today, CSL – including our three businesses, CSL Behring, CSL Seqirus and CSL Vifor – provides lifesaving products to patients in more than 100 countries and employs 29,000+ people. Our unique combination of commercial strength, R&D focus and operational excellence enables us to identify, develop and deliver innovations so our patients can live life to the fullest. For inspiring stories about the promise of biotechnology, visit CSL.com/Vita 

For more information about CSL, visit CSL.com.

Media Contact

In Australia
Jeff Spicer
Mobile: +6 1410974799
Email: [email protected]

In Europe
Pia Amend
Mobile: +49 151 25235305
Email: [email protected] 

SOURCE CSL

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The US and South Korea remain stuck on all the major details of a $350 billion investment pledge, says President Lee Jae Myung. It comes after an ICE raid on a Hyundai battery plant in Georgia last month where hundreds of South Koreans were detained.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of COUR 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.

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.