Market Signal Briefing

Binance TH to launch FOGO/USDT and FOGO/USDC trading pairs on January 28, 2026. BNB price is up by 1.34% in 24 hours. FOGO price has surged by 32.94% over the last 7 days. Binance TH has announced two new trading pairs, tentatively scheduled to go live tomorrow. BNB price has reacted to the update with an uptick over the last 24 hours. The bullish sentiment is expected to span over the next 3 months despite the ongoing uncertainty and volatility in the crypto market.

FOGO Trading Pairs on Binance TH Binance TH by Gulf Binance has announced that it will list two FOGO trading pairs on January 28, 2026. These are FOGO/USDT and FOGO/USDC, falling under the venture’s digital asset brokerage services.

Applicable FOGO-related services will go live differently. Deposits/Withdrawals are going live at 11:00 AM UTC+7. Spot Listing and Easy Buy/Sell are going live after 3 hours, that is at 2:00 PM UTC+7.

The announcement comes days after Binance TH shared the schedule for ZKP trading pairs with USDT and USDC, effective January 23, 2026. FOGO price has reacted to the development with an uptick of 32.94% over the last 7 days. It is now trading at $0.03726; however, the price is down by 0.38% in 24 hours and 30.49% in a month.

Effect on BNB Price Not just the FOGO price, but BNB price has also reacted to the development. It is up by 1.34% in 24 hours to trade at $880.60 when the article is being drafted. The price further reflects a jump of 4.27% over the last month even though it is down by 3.46% on a weekly basis. BNB last noted an ATH of $1,370.55 on October 13, 2025.

Critical support levels that BNB price is testing are $869.64 and $855.12. Critical resistance levels that are being tested are $884.16 and $898.67, with the Commodity Channel Index (20) and Average Directional Index (14) showing neutral sentiments.

BNB price is next estimated to surge by 42.80% in 3 months to trade at around $1,256.43, amid the medium volatility of 3.01%.

Crypto Market as a Whole Trading pairs of FOGO announced by Binance TH have brought optimism for FOGO and BNB to some extent. The global crypto market, in a broader context, continues to experience downtrends. BTC, for instance, just lost its momentum to drop below $88k. It is now trading at $87,484.96.

Even the collective market cap has slipped to $2.97 trillion while the FGI shows 29 points, and so does the Altcoin Index, according to CoinMarketCap.

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Sen. Marshall Drops Card Fees Push From Crypto Bill Markup

Curious by nature, Ankur's core topic is Web3, but he's a versatile writer who can cover many more subjects. If you catch up with him in his free time, you'll find discussions often center around different movies and TV series. He's an easy person to talk to—you can literally chat with him about anything.

Ever since the beginning, Pump.fun has been one of the most popular cryptos, and the latest upswing has just flipped the 4-month downtrend. The price seems to be undergoing a parabolic recovery that suggests renewed speculative interest. This is supported by a rise in participation and improved price behaviour. However, with volatility still elevated, the sustainability of this move will depend on whether buyers can maintain control as the PUMP price approaches near-time resistance zone. 

On the daily chart, Pump.fun (PUMP) is showing signs of short-term strength after reclaiming a key horizontal structure. Price has rebounded from the recent swing low and is now trading back above a former supply-turned-support zone. The recovery is accompanied by improving momentum conditions, suggesting buyers are attempting to regain control. However, with a major resistance band still overhead, the sustainability of this rebound depends on whether fresh liquidity can support a continuation move.

Technically, PUMP has reached the neckline of the inverse head and shoulder pattern at $0.0031–$0.0033. The RSI has remained above its average level since the start of the year, indicating sustained bullish momentum despite recent consolidation. At the same time, the CMF dipped earlier, signaling profit-taking during the rebound. Importantly, CMF has now rebounded and is approaching the zero line, suggesting renewed capital inflows. If this liquidity expansion continues, it could help PUMP absorb overhead supply and attempt a breakout above resistance.

Based on the current structure, Pump.fun is positioned to close January within the $0.0035–$0.0040 range if the price holds above reclaimed support and liquidity continues to improve. A decisive breakout above the $0.0038–$0.0040 resistance zone could allow an extension toward $0.0045 into month-end. 

Looking ahead to February, a move to $0.005 is possible but conditional. Pump.fun (PUMP) price would require sustained volume expansion and acceptance above current resistance, rather than a single impulsive spike. Without that confirmation, gradual continuation remains the more realistic path.

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Jesse Pollak, creator of Coinbase-backed Layer 2 network Base, that the Base core team will not deploy internal capital to “support the chart” or engineer a specific token price outcome, calling that behavior market manipulation and likely illegal.

His post responds to renewed tension over favoritism and meme-coin speculation, where some community members have urged Base to select a “flagship” token and push it higher. Pollak argued that private price support would disadvantage other tokens, weaken ecosystem trust, and conflict with Base’s commitment to free, open markets. He said the team will focus on improving visibility and distribution for Base-native applications and assets, not intervening in pricing.

Next, stakeholders will watch whether Base formalizes any transparent, rules-based initiatives, such as open competitions or clearly defined liquidity programs, and whether additional guidance follows as debates over fair competition and market integrity continue.

Source: Jesse Pollak on X.

Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.

This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.

GoMining, a Bitcoin (BTC) mining platform, has partnered with Jacob & Co., a luxury watchmaker, to launch a new watch with Bitcoin mining capabilities.

The project, called Epic X GoMining, combines a Jacob & Co. mechanical watch with a 1,000 terahash (TH) GoMining digital miner. This combination allows the wearer to actively participate in the Bitcoin market on the go.

Specifically, the miner integrates directly into the user’s GoMining account, where they can view, manage, and upgrade their mining allocation activity.

The combined watch-and-miner package will cost $40,000, with only 100 units available worldwide. However, the management at GoMining has hinted that similar projects could be on the way this year.

“Watch this space! 2026 will be a big year for GoMining, and we’re excited to share our plans with the world,” Mark Zalan, CEO of GoMining, exclusively told Finbold.

A new Bitcoin mining watch The watch itself features a 44mm black DLC titanium case and a skeletonized, hand-wound movement with GoMining branding and a Bitcoin-inspired motif. 

Essentially, each digital miner acts as a “digital certificate of mining power” operating across GoMining’s global data centers. As a result, daily Bitcoin rewards are sent to the owner’s GoMining wallet, while net of service fees cover electricity, maintenance, and uptime. 

In addition, users can trade or list the miner not only on GoMining’s marketplace but also on other supported platforms. Overall, this approach aligns with GoMining’s ongoing strategy of trying to embed the leading cryptocurrency into everyday ownership experiences and making mining more tangible and manageable.

“By partnering with an established brand, we are able to reach their audience in the luxury market, and also introduce their audience (if they don’t know us already) to the world of crypto mining. This partnership ensures that both audiences are working with brands they can trust to provide top-tier,” Zalan added.

The Epic X GoMining will be sold through Jacob & Co. showrooms in New York and Miami, the brand’s official website, and GoMining’s marketplace. Select third-party channels are also under consideration. The collection will make its official debut at the GoMining booth during the Consensus Hong Kong crypto conference, scheduled for February 10–12, 2026.

Featured image via Shutterstock

Zcash gains 9% this week. Trader sentiment shifts dramatically positive. Privacy-focused cryptocurrency Zcash experiences significant price increases as traders on prediction market Myriad reverse their bearish stance from last week amid renewed interest in digital currency privacy features.

Trading volume hits $200 million over 24 hours according to CoinGecko data, suggesting heightened investor engagement. The price surge comes as crypto analyst Alex Krüger noted on January 25 that privacy features gain importance for users concerned about financial surveillance. Market capitalization now exceeds $1 billion, marking substantial recovery from previous valuations. Binance reports 15% increase in Zcash trading volume compared to last month. Coinbase sees 20% rise in customer inquiries about Zcash functionalities. Gemini announces plans for additional Zcash trading pairs launching in February. Electric Coin Company highlighted privacy enhancements in January 26 blog post.

Zcash offers advanced privacy capabilities differentiating it from other cryptocurrencies. Development team works on protocol improvements enhancing privacy features and network efficiency. Network upgrade scheduled for later this year focuses on scalability and privacy capabilities.

Regulatory uncertainties continue surrounding privacy coins as governments scrutinize digital currencies for potential illicit use. The U.S. Securities and Exchange Commission maintains ongoing evaluations of privacy coins and their regulatory compliance status. Past SEC comments indicate continued assessment of privacy-focused cryptocurrencies under existing financial regulations. Market analyst Rachel Lin from SynFutures says the price surge could attract institutional investors seeking privacy-centric cryptocurrency exposure on January 27. Lin notes institutional interest remains cautious but recent developments spark renewed curiosity.

The broader cryptocurrency market experiences volatility affecting prices across various digital assets. Zcash’s price movement reflects larger market dynamics influenced by investor sentiment and technological advancement. Community discussions about privacy coins contribute to renewed interest in Zcash capabilities. Financial surveillance concerns drive increased demand for privacy-focused digital currencies among retail and institutional investors.

Zcash Foundation has not released formal statements regarding recent price movements. Development team announcements on January 26 consider network upgrades for enhanced scalability and privacy features. Zooko Wilcox, Zcash founder, has not provided public remarks about recent developments. Electric Coin Company commits to maintaining Zcash’s position as leading privacy-focused cryptocurrency through ongoing enhancements. Community engagement events planned to discuss upcoming changes and improvements to the network.

Exchange activity increases as platforms expand Zcash offerings and trading options for investors. Gemini’s new trading pairs aim to boost accessibility and liquidity for the privacy coin. Binance trading data shows sustained interest in Zcash among active traders. Coinbase customer service teams handle increased inquiries about Zcash benefits and functionalities from retail investors.

Traders monitor developments in privacy technology and potential integration into mainstream financial systems. The cryptocurrency community awaits updates from development teams regarding technological improvements and regulatory compliance. Market participants assess risks and opportunities associated with privacy-focused cryptocurrencies amid regulatory uncertainty. Industry observers expect regulatory decisions could impact Zcash adoption and integration into traditional financial systems.

Privacy coins face scrutiny from regulatory bodies worldwide due to potential misuse concerns. Zcash maintains focus on legitimate privacy applications while addressing regulatory compliance requirements. Development continues on features balancing privacy protection with regulatory transparency needs. The crypto ecosystem evolves as privacy-focused currencies navigate complex regulatory landscapes.

Recent technological announcements drive investor confidence in Zcash’s long-term prospects. Network improvements target enhanced user experience and increased adoption rates. Development roadmap includes scalability solutions addressing current network limitations. Privacy enhancements maintain Zcash’s competitive advantage in the cryptocurrency market.

Trading patterns indicate sustained interest from both retail and institutional investor segments. Volume increases suggest growing market confidence in Zcash’s technological development and regulatory positioning. Price momentum reflects broader market trends favoring privacy-focused digital assets. Market sentiment shifts demonstrate evolving investor preferences toward cryptocurrencies offering enhanced privacy features.

The cryptocurrency reaches significant market capitalization milestone amid increased trading activity and positive sentiment. Community support grows as development teams deliver on technological improvement promises. Investor engagement increases through educational initiatives and community outreach programs. Market positioning strengthens as Zcash differentiates itself through advanced privacy technology.

Future developments depend on regulatory clarity and continued technological innovation from development teams. Market participants expect further announcements regarding network upgrades and feature enhancements. Industry analysts monitor Zcash performance as indicator of broader privacy coin market trends. Investment community awaits official statements from Zcash leadership regarding recent price movements and development milestones.

Historical context reveals privacy coins emerged during cryptocurrency’s evolution toward mainstream adoption. Early digital currency development focused primarily on transparency and public ledger systems. Privacy-focused alternatives developed as users recognized surveillance risks in traditional cryptocurrency transactions. Institutional adoption accelerated as privacy concerns became paramount for corporate treasury management and individual financial sovereignty.

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Your day-ahead look for Jan. 27, 2026 Jan 27, 2026, 12:29 p.m.

By Omkar Godbole (All times ET unless indicated otherwise)

The crypto market feels extra slippery after bitcoin BTC$87,842.60 fell 7% last week, its biggest loss in two months. Yet hope glimmers in bullish derivative bets, now at bargain prices.

STORY CONTINUES BELOW

The drop pushed prices below the steady uphill path, a "bullish trendline" as technical analysts call it, that held the stair-step rise from $20,000 in early 2023 to a record $126,000 last October.

The pattern reinforces concerns sparked by bitcoin's sharp pull back from the all-time high: We have slipped into a bear market (check the TA section). So far, the follow-up slide has been tame. Bitcoin prices rebounded to nearly $88,000 from the weekend low of around $86,000.

Still, the overall picture looks gloomy, with weakening institutional appetite for cryptocurrency accompanying the bearish message from charts. Spot ETFs listed in the U.S. registered a net outflow of $1.33 billion last week, the most in 11 months, according to SoSoValue data. On Monday, they pulled in just $6.84 million.

"At times, it seems that speculators' capital and attention are now focused exclusively on precious metals (mainly gold and silver), and there is simply no strength left for crypto," Alex Kuptsikevich, chief market analyst at The FXPro, said in an email.

Some observers think money will return once the gold and silver rallies fade. If you share a similar bullish view, BTC call options — derivative contracts giving big upside potential for a small upfront cost — offer the best way to bet on it.

These call options look cheap as everyone is piling into puts, which offer downside protection, according to Matthew Siegel, head of digital assets research at VanEck.

"Downside protection is officially the crowded trade. While everyone pays a premium for puts, upside exposure [calls] is trading cheap. If you have a thesis for a bounce, the vol surface is offering a discount," Siegel said.

In other news, BlackRock's chief investment officer for global fixed income, Rick Rieder, who manages some $2.4 trillion in client money and favors lower U.S. interest rates, has emerged as a contender for the Fed chairmanship after Jerome Powell, whose term ends in May.

In traditional markets, both gold and silver traded at their lifetime peaks, while the Dollar Index held at its lowest since September last year.

South Korea's benchmark equity index, Kospi, continued to rise, taking the year-to-date gain to 20%, building on last year's solid 75% surge. This matters because, oddly, over the years, Kospi's new highs have triggered downside swings in bitcoin. Stay alert!

Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today

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

CryptoNothing scheduled.MacroJan. 27: U.S. ADP employment change weekly (Prev. 8K)Jan. 27: U.S. S&P/Case-Shiller home price YoY for Nov. (Prev. 1.3%); MoM (Prev. -0.3%)Earnings (Estimates based on FactSet data)Nothing scheduled.Token EventsFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

Governance votes & callsJan. 27: Zebec Network, Dash, Houdini Swap, and Cryptic to participate in an X Spaces session on why privacy matters. Jan. 27: Brave's Brendan Eich, Cardano's Charles Hoskinson, and Mythigal Games' John Linden to participate in an X Spaces session.Jan. 27: PancakeSwap to host an Ask Me Anything (AMA) session with Venus protocol.UnlocksNo major unlocks.Token LaunchesJan. 27: Theo Network expected to make an announcement, possible linked to the launch of thGOLD.ConferencesFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

No major conferences.Market MovementsBTC is up 0.38% from 4 p.m. ET Monday at $88,326.08 (24hrs: -0.18%)ETH is up 0.1% at $2,929.56 (24hrs: +0.22%)CoinDesk 20 is down 0.58% at 2,683.47 (24hrs: +0.32%)Ether CESR Composite Staking Rate is up 4 bps at 2.85%BTC funding rate is at 0.0074% (8.068% annualized) on BinanceDXY is unchanged at 97.01Gold futures are unchanged at $5,082.10Silver futures are down 2.82% at $112.25Nikkei 225 closed up 0.85% at 53,333.54Hang Seng closed up 1.35% at 27,126.95FTSE is up 0.4% at 10,189.88Euro Stoxx 50 is up 0.22% at 5,970.72DJIA closed on Monday up 0.64% at 49,412.40S&P 500 closed up 0.50% at 6,950.23Nasdaq Composite closed up 0.43% at 23,601.36S&P/TSX Composite closed down 0.16% at 33,093.32S&P 40 Latin America closed up 0.36% at 3,604.49U.S. 10-Year Treasury rate is up 1 bps at 4.221%E-mini S&P 500 futures are up 0.25% at 6,999.00E-mini Nasdaq-100 futures are up 0.56% at 25,994.50E-mini Dow Jones Industrial Average Index futures are unchanged at 49,518.00Bitcoin StatsBTC Dominance: 59.67% (-0.07%)Ether-bitcoin ratio: 0.03307 (-0.28%)Hashrate (seven-day moving average): 921 EH/sHashprice (spot): $39.22Total fees: 2.38 BTC / $208,632CME Futures Open Interest: 120,620 BTCBTC priced in gold: 17.2 oz.BTC vs gold market cap: 5.87%Technical Analysis

Bitcoin has pierced a major bull market trendline support. (TradingView)

The chart shows bitcoin's price swing starting in 2023. Prices fell over 7% last week, with the big red candle piercing the trendline that represents the stair-step rally from 2023. The so-called breakdown confirms bear-market concerns. Crypto EquitiesCoinbase Global (COIN): closed on Monday at $213.48 (-1.60%), +0.76% at $215.10 in pre-marketCircle Internet (CRCL): closed at $70.90 (-0.60%), +0.56% at $71.30Galaxy Digital (GLXY): closed at $31.28 (-1.94%), +0.38% at $31.40Bullish (BLSH): closed at $35.66 (-0.25%), +1.04% at $36.03MARA Holdings (MARA): closed at $9.98 (-4.95%), +0.70% at $10.05Riot Platforms (RIOT): closed at $16.23 (-6.08%), +1.42% at $16.46Core Scientific (CORZ): closed at $19.05 (+1.38%)CleanSpark (CLSK): closed at $12.44 (-9.26%), +0.88% at $12.55CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $46.58 (-5.21%)Exodus Movement (EXOD): closed at $14.72 (-1.80%)Crypto Treasury Companies

Strategy (MSTR): closed at $160.58 (-1.55%), +0.46% at $161.32Strive (ASST): closed at $0.79 (-9.76%), +2.56% at $0.81SharpLink Gaming (SBET): closed at $9.38 (-3.79%), unchanged in pre-marketUpexi (UPXI): closed at $1.89 (-5.50%)Lite Strategy (LITS): closed at $1.29 (+1.57%)ETF FlowsSpot BTC ETFs

Daily net flows: $6.8 millionCumulative net flows: $56.48 billionTotal BTC holdings ~1.29 millionSpot ETH ETFs

Daily net flows: $117 millionCumulative net flows: $12.45 billionTotal ETH holdings ~6.02 million
Source: Farside Investors

While You Were SleepingIndia, EU reach landmark trade deal, tariffs to be slashed on most goods (Reuters): India and the European Union struck a trade deal to cut tariffs on 96.6% of goods by value to boost two-way trade and reduce reliance on the U.S. The pact is expected to double EU exports to India by 2032 and save European firms about 4 billion euros ($4.8 billion) in duties.Bitcoin to silver ratio nears levels last seen during the FTX capitulation (CoinDesk): Bitcoin’s ratio to silver is near 780, below the 2017 peak and close to November 2022 levels, when BTC bottomed. The convergence may signal rising vulnerability for silver relative to bitcoin.Trump Hits Panic Button on Minnesota (Wall Street Journal): After another fatal incident in Minnesota, the Trump administration started reshuffling its immigration team to salvage the ongoing operation as the domestic situation in the country worsens.Australia's corporate regulator flags risks from rapid innovation in digital assets (CoinDesk): The Australian Securities and Investments Commission (ASIC), an independent government body acting as the national corporate regulator, identified risks from the rapid innovation in digital assets.More For You

KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

Dec 22, 2025

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.More For You

Bitcoin trails gold as yen intervention concerns weigh on risk assets

Jan 26, 2026

Your day-ahead look for Jan. 26, 2026

What to know:

You are viewing Crypto Daybook Americas, your morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. Crypto Daybook Americas will kickstart your morning with comprehensive insights. If you're not already subscribed to the email, click here. You won't want to start your day without it.

Bitcoin saw two long-term moving averages cross over for the first time since April 2022 in a fresh BTC price bear market warning.

Bitcoin (BTC) bear market comparisons are growing as the weekly BTC price chart repeats April 2022.

Key points:

Two long-term BTC price trendlines stage a bearish crossover for the first time since April 2022.

Last time, Bitcoin took around seven months before it hit a long-term bottom.

Against silver, BTC is already at its 2022 bear market bottom level.

Bitcoin “bull market” moving averages flip bearishNew market coverage from trader and analyst Rekt Capital reveals a bearish crossover involving two key BTC/USD trendlines.

Bitcoin is raising fresh questions over a new bear market beginning after its 21-week exponential moving average (EMA) crossed beneath its 50-week equivalent.

The event, which completed at the latest weekly candle close, last occurred in April 2022.

“The Bitcoin Bull Market EMAs have officially crossed over,” Rekt Capital confirmed Monday.

BTC/USD one-week chart with 21, 50EMA. Source: Rekt Capital/X
2022 was Bitcoin’s last true bear market year, coming on schedule in accordance with its four-year price cycle. BTC/USD took until November to find a macro bottom, which came in at $15,600 — a level that has never since been challenged.

The EMA cross has now triggered for the first time in four years, lending weight to 2026 following the four-year pattern and producing a textbook bear market.

As Cointelegraph reported, despite debate over the four-year cycle’s validity given lackluster price action in Q4 2025, bottom targets include a battle for $65,000.

BTC vs. silver echoes 2022 FTX bear market bottomContinuing the 2022 theme, trader Daan Crypto Trades drew attention to Bitcoin’s overall weakness against precious metals — specifically, silver.

In silver terms, BTC is now back at levels seen at the end of its last bear market, when the collapse of major crypto exchange FTX sparked a mass crypto crash.

“$BTC is now trading at FTX collapse levels relative to $SILVER,” Daan Crypto Trades told X followers Tuesday, calling the chart “insane.”

“It has also taken silver about half the time to make this move, compared to BTC's entire bull trend this cycle. We're getting to 2017-2020 levels on the BTC/Silver ratio.” BTC/USD vs. silver three-day chart. Source: Daan Crypto Trades/X
The post acknowledged that both Bitcoin and silver had made major gains in US dollar terms since that time, regardless of the current ratio readings.

“Which also just shows what the real reason is for these moves. Depreciation in fiat,” it concluded.

Earlier this month, an analysis argued that Bitcoin had already lost its battle to beat gold as a hedge against fiat currency debasement.

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

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's not going to hit $90,000. Ethereum has not moved up in a week. XRP is still holding steady at around $2. If you take a quick look at the charts, you might think nothing is going on. But behind the scenes, things are heating up fast. 

Metals just crashed almost as hard as they rallied. One popular trader is looking at $110,000 Bitcoin as the next parabola. Another just dropped a $27 XRP setup backed by eight years of resistance history. 

And Ethereum? Bitmine just locked up $6.52 billion in staked ETH while the crowd did nothing. No one's paying attention, and that is exactly when things tend to pop.

HOT Stories

TL;DRBitcoin could hit $110,000 in Q2 if miner capitulation follows historical patternsXRP is below its eight-year resistance, but the chart is set up for a sudden 13x rallyEthereum's Bitmine added another $610 million, bringing its locked ETH total to over 2.2 million$110,000 BTC by Q2, 2026: Gold just crashed, Bitcoin might explodeBitcoin is sitting frozen near $88,000, but the trigger might have already been pulled; it just did not come from the crypto world. It came from metals.

Yesterday, gold and silver lost $1.7 trillion in market cap in just 90 minutes, which is one of the biggest reversals in financial history. Candles went vertical, then inverted - a classic example of a blowoff top, where everyone rushes in and realizes there are no more chairs left.

Ansem's thesis starts with everything else breaking down before Bitcoin breaks out. According to him, the formula is: "silver + gold parabola blowoff top, bitcoin $110K by Q2," and the charts may be confirming his setup. 

When the market gets too hot, capital flees, but it does not just disappear. It moves. With BTC already absorbing ETF inflows and hash ribbon metrics screaming miner surrender, the situation is ready to change. The move does not require new funding; it just needs a redirection.

If Bitcoin hits $90,000 and then goes past $91,500, the next level of resistance will not be seen until it reaches $100,000. Above that, the blowoff top zone officially begins.

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$27 XRP is not absurdXRP does not look too promising right now. That is the first thing every chart agrees on. Since hitting $2.35 on Jan. 6, the token dropped almost 19% and is now trading near $1.90, stuck inside a descending channel that has controlled the price since the end of summer. Momentum indicators are still weak, and the 200-day moving average around $1.78 sits directly below the price like a waiting trap.

But there is one chart that just won't go away. According to Ether Guru, XRP is still pushing against an eight-year resistance structure that has stopped every major rally since 2017. That resistance is at around $3.30 to $3.40. XRP did not do well there in 2018, briefly in January 2025 and again in July 2025.

XRP/USD by TradingViewThe last time XRP cleared a similar long-term barrier, it jumped vertically as liquidity vanished above resistance. Ether Guru's $27 projection is based on historical expansion ratios.

The second chart tells the uncomfortable part of the story. XRP is still in a downward channel, making lower highs each time. If the 200-day moving average does not hold, there is a good chance the price will drop to around $1.70, and even as low as $1.40, before it starts to bounce back.

$6.52 billion Ethereum staking shock does not move price, but it shouldEthereum just experienced one of the largest accumulations in its staking history, and yet no one cares. Bitmine has locked 2,218,771 ETH - worth $6.52 billion - into staking. Over 52% of their crypto holdings are now staked ETH. It is not just a move. It is a message.

The addition of $610 million in ETH over the past week brings their 60-day accumulation to over 517,000 ETH. 

However, ETH has not moved. The price is still flirting with $2,900, as if none of this matters. 

The parabolic and continued surge in gold and silver are overshadowing the inherently strengthening fundamentals of crypto, particularly Ethereum (ETH) and Bitcoin (BTC). 

Davos 2026 highlighted financial institutions are set to build on ethereum and smart blockchains, qnd when fundamentals go "up and to the right," it's only a matter of time before price follows - Bitmine Chairman Tom Lee, Jan. 27 on X

Why? Because, right now, crypto is not part of the global attention economy. The narratives that usually drive inflows - tech, freedom, and inflation hedges - are overshadowed by metal rallies, Iranian escalations, Greenland's shocking policies and the media's obsession with generative AI.

Tom Lee’s prediction of an ETH price of $7,000-$9,000 by January failed not because his theory was flawed but because the attention had shifted elsewhere. Bitmine is preparing for return of focus.

Once Ethereum reenters the news cycle, this locked supply will become a pressure point.

What'[ next for the crypto market?Although there are no breakout catalysts scheduled for the end of January, the structure of the crypto market is primed for movement; it just has not decided which headline will light the fuse.

Bitcoin needs to surpass $90,000 and reach $94,000 to validate the $110,000 thesis. Assuming ETF flows hold and the macro environment does not destroy investor sentiment next week - especially regarding the U.S. funding vote on Jan. 30 - there is room for Bitcoin to surge.

XRP is split in two: the chart indicates a breakdown, while the resistance zone indicates a breakout. 

Ethereum will not move until people remember it exists. However, $6.52 billion staked is not a number that will go unnoticed forever. Bitmine has already cast its vote.

Bitcoin (BTC): The $86K-$91.5K range, with an upside gap aboveXRP: The $1.40 floor versus the $3.40 kill switchEthereum (ETH): The $2,850 support level, but the narrative breakout is still missing You Might Also Like

In brief The falling price of Bitcoin is at risk of making Bitcoin mining unprofitable in the United States, depending on energy rates. Other countries also face a situation where the cost of mining one Bitcoin is more than that Bitcoin is worth, although some major Bitcoin mining territories—including Paraguay—continue to benefit from relatively cheap energy. Experts say that, without substantial price increases, the next Bitcoin halving could put significant strain on miners. Bitcoin now costs more to mine in the United States than its current market price, according to data from the Cambridge Bitcoin Electricity Consumption Index (CBECI).

The cryptocurrency is currently trading at around $87,900 according to CoinGecko data, while data from the CBEIC and the U.S. Energy Information Administration (EIA)—which puts the average nationwide cost per kWh of energy in October 2025 at $0.14—suggest that the current cost of mining one Bitcoin is $94,746.

This average price incorporates more expensive residential and commercial prices, but when taking only average industrial prices for all states ($0.09 in October), the average cost of mining one Bitcoin is still $86,931.

Given ongoing geopolitical and macroeconomic uncertainty, Bitcoin could be at risk of falling below this level, potentially putting greater strain on miners based in the U.S.

The situation is comparable or even worse in other countries, with China’s average business energy rate hitting $0.11 per kWh in June 2025, meaning that it costs $88,869 on average to mine a single Bitcoin.

GlobalPetrolPrices.com gives the same rate of $0.11 per kWh for Russia, while Canada benefits from a slightly lower rate of $0.10, equalling a cost of mining one Bitcoin of $88,003.

As an example of one country where large-scale mining is not commercially viable, trade body Cryptocurrency NZ has calculated that the cost to mine a single BTC in New Zealand is now NZ$173,192.96, or $103,799.

On the other hand, Paraguay—which now accounts for around 4% of Bitcoin’s hashrate—has an average mining cost of approximately $59,650, given its average electricity price for businesses of $0.05.

US miners pivot to AIMining operations are well aware of how difficult the current situation can be, with nine American mining companies—Riot Platforms, Bitfarms, Core Scientific, Riot, IREN, TeraWulf, CleanSpark, Bit Digital, MARA Holdings and Cipher Mining—having pivoted either wholly or in part to becoming AI data centers in the past year and a half.

Speaking to Decrypt, Canaan’s VP of Capital Markets and Corporate Development, Leo Wang, said that miners who have taken on too much debt to operate, or who have deployed overpriced or “quickly obsolete” hardware, have faced the prospect of unprofitability in recent years and months.

However, he affirmed that Canaan has taken strategic decisions to reduce its risk profile, including an avoidance of excessive debt, as well as the design and sale of its own mining hardware, so as to generate cash flow and offset expenses.

He said, “We try to keep our power price below 4 cents/kWh, which has historically been sustainable through bear markets, maintain daily operational oversight with partners, and deploy machines only when power and operations are fully ready.”

Canaan also maintains hosting agreements that give it the right to reduce or close operations in particular locations, assuming that the economics no longer work.

“From lower-cost markets to off-grid energy operations in Canada, our global footprint and technical capabilities also allow us to explore new energy sources and energy reuse, which reduces our reliance on any single grid or power source over time,” he added.

More generally, Digiconomist founder Alex de Vries notes that, while computational difficulty has peaked recently, the declining price of Bitcoin is making things increasingly difficult for miners.

“You can do the math yourself considering it takes about 1.2 million kWh to mine one Bitcoin at the moment,” he told Decrypt. “At a price of $85k per coin, anything above just 7 cents per kWh in costs will put you at a loss.”

De Vries concluded that Bitcoin mining being unprofitable will “actually be very common in most places,” since very low rates are not easy to secure. (these ultra low rates are not easy to get).

With another reward halving coming in two years, Bitcoin miners will need the cryptocurrency’s price to begin rising again soon.

“That’s still quite some time,” De Vries said, “but without substantial increases in the price level by then the miners would get squeezed even further.”

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

Bitwise will join the growing risk curation industry in DeFi. The crypto asset manager will open independent vaults with a varied risk profile. 

Bitwise will become one of the vault curators on the Morpho DeFi lending app. The asset manager will join the leading vault curators with its own types of vaults. 

The vaults by Bitwise will be non-custodial and transparent, allowing investors to track yield and liquidity. Bitwise will start with a 6% APY strategy, building over-collateralized lending pools. 

Bitwise will appoint its own portfolio manager and head of multi-strategy solutions, Jonathan Man, CFA. The asset manager will dedicate a full team and possibly offer more carefully selected strategies among curated vaults. 

Bitwise expects asset managers to double in 2026 Bitwise expects an ongoing shift in on-chain finance, and itself plans to expand into several types of yield strategies. The company with over $15B in client assets joined the rapidly growing Morpho, one of the leading lending protocols. 

Morpho offers programmable non-custodial infrastructure for fully on-chain lending and borrowing, with automated issuance and redemption. Vaults work similar to a portfolio of lending positions, explained Bitwise. 

“Decentralized finance, or DeFi, offers compelling yield opportunities, but the complexity of managing onchain risk has kept many investors on the sidelines,” said Jonathan Man.

“Bitwise provides value-add by layering professional guidance and risk management experience onto these non-custodial tools,” he said.

Paul Frambot, co-founder and CEO of Morpho, said the platform is ready for institutional-grade usage, enabling professional risk parameters that are implemented directly on-chain. Bitwise has recognized the value of diversified fixed-income strategies and vaults are becoming a building block of on-chain finance, added Frambot.

Morpho increased its liquidity in January Morpho climbed the ranks of lending protocols, now standing only behind Aave. The protocol carries $6.72B in total value locked, with growth resuming in January. 

The protocol achieved high weekly fees of $7.28M, and is ranked 27th among all fee-producing apps.

Before Bitwise, Gauntlet and Steakhouse dominated the biggest vaults. Steakhouse brings in over 55% of value locked in Morpho vaults. Bitwise will face strong competition in attracting attention to its own new strategies, competing with seven other curators. 

Morpho has been seeking a competitive advantage in partnerships with other crypto leaders. In the past year, the BTC-backed lending vaults powered by Coinbase Smart Wallet increased their value locked. 

Morpho BTC loans boosted TVL in the past year, driven by Coinbase’s wallet feature. | Source: Dune Analytics In total, $1.92B in BTC was deposited through Coinbase’s lending feature, becoming one of the key sources of growth for Morpho. The loans are over-collateralized, and the BTC-backed vaults have lent out over $1B. 

The effect of Bitwise may be similar, as the organization has a high profile and may draw in funds to its new vaults. Morpho has also added vaults to Kraken DeFi Earn, adding another high-profile source of lending and borrowing activity.

Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.

Crypto analyst Cryptoinsight has drawn attention to an “extremely interesting” price action for XRP. He highlighted the altcoin’s funding rates and spot volume, which provided insights into XRP’s recent downtrend, with its drop below the psychological $2 level. 

How XRP’s Funding Rates And Spot Volume Explain The Price Action In an X post, Cryptoinsight noted that open interest is rising significantly as funding flips heavily negative and the premium also continues to get more negative. In line with this, he remarked that leveraged players artificially created the move down for XRP. The analyst then pointed to the rise in spot volume, which is also significant. 

The rise in the XRP spot volume is said to be happening just as the altcoin sweeps the recent wick into the year-long support at around $1.8, thereby creating a Bullish Divergence on the 4-hour chart. Cryptoinsight warned that the altcoin may have to drop a little further based on the hourly liquidity pools. 

Source: Chart from Cryptoinsight on X However, the analyst is confident that a potential bounce for XRP from these price levels will be “quite violent” when it happens and will trigger a shortsqueeze back to the upside. Crypto analyst Darkfost also recently noted that there are predominantly short positions for XRP at the moment, with the funding rates on Binance mostly negative since December. 

The analyst stated that negative funding rates signal a potential reversal for XRP, and that any price rise could trigger several short liquidations, pushing the price much higher. A similar pattern is said to have played out twice for the altcoin since 2024. The first was between August and September 2024, while the second was in April 2025, with the price rebounding after the funding rates turned negative for a while. 

A Monthly Close Above $1.91 Is Key In an X post, crypto analyst ChartNerd said that XRP must close above its monthly 20 EMA at $1.91 this month. This came as he warned that, historically, after macro trends, closes below this EMA have signaled further decline. As such, the analyst declared $1.91 a fine line in the sand that market participants should be watching closely. 

A “great sign,” according to the analyst, is XRP’s breakout of its 3-week-long falling wedge resistance. With this breakout, the altcoin could be targeting $2.40, where the breakdown began after the falling wedge pattern formed. However, XRP is set to face key resistance between the $2.13 and $2.20 range. Meanwhile, ChartNerd assured that the altcoin’s fractal remains valid, with a rally to $27 still on the horizon. 

At the time of writing, the XRP price is trading at around $1.90, up over 2% in the last 24 hours, according to data from CoinMarketCap.

XRP trading at $1.89 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Vectorstock, chart from Tradingview.com

In a new interview with US media personality Tucker Carlson, gold advocate Peter Schiff has renewed his attack on Bitcoin and the broader crypto industry.

Speaking on Carlson’s show, he argues that Bitcoin (BTC) is a speculative instrument with “no actual use” and warns that proposals for a US strategic reserve amount to a taxpayer‑funded bailout for early adopters. 

Schiff also spends much of the conversation attacking official inflation data and fiscal policy, telling Carlson that Americans are “being lied to” about inflation, and arguing that the government changed the Consumer Price Index so that it could blame the private sector for the higher cost of living, when it was “simply raising prices in response to inflation.”

He singles out President Donald Trump’s signature Big Beautiful Bill as “the worst thing that we’ve done under Trump,” and argues that the legislation not only preserved all the deficit spending under President Joe Biden, but “made it worse” by “increasing government spending” and cutting taxes.

“Complete waste of capital”Schiff soon turns to the crypto industry and complains about the US government “promoting” it, which is a “complete waste of capital,” and has caused many Americans to “throw their money away” on crypto.

Peter Schiff discusses inflation, gold, and Bitcoin. Source: Tucker Carlson​When Carlson cuts in to ask, “Why is it throwing it away?” and why betting on Bitcoin is any different from buying gold or stocks, Schiff answers that BTC has “no actual use” beyond speculation and “the only reason anybody wants to buy it” is that “they think the price is going to go up.” “That is the sole source of demand,” he said. 

He added that people who “made money in crypto” only did so because “the crypto that they bought a long time ago went way up,” not because they produced anything of value, or made people’s lives better. 

“How’s that different from buying gold? You’re not making anything. You’re not making anyone’s life better,” Carlson interjects, to which Schiff replies:

“There’s a big difference… [Bitcoin] is never going to earn money in the future. It is a non-income-producing digital asset. It’s got nothing in common with gold.”

Bitcoin: The new global reserve currency?​Summarizing Schiff’s arguments about the state of the global economy and the decline in purchasing power of the US dollar, Carlson asks why Bitcoin could not become the next global reserve asset as confidence in the dollar erodes.

Schiff dismisses that idea outright, claiming that a Bitcoin strategic reserve is really just a “Bitcoin bailout fund,” trying to use taxpayer money, and alleging that some early holders “were able to pay off a bunch of politicians and get them to support Bitcoin.”

​He argues that both BTC and fiat currencies are ultimately faith‑based, but that central banks cannot rely on Bitcoin because it has no non‑monetary demand and would collapse if they ever tried to liquidate it at scale. 

By contrast, he calls gold “real money” and “a valuable commodity” used in jewelry, aerospace, consumer electronics and medicine, and says that tokenized, fully backed gold on blockchains can deliver internet‑native payments without creating inflation or relying on ever‑rising token prices.

The price of gold has been on a tear lately, reaching a new all-time high over $5,000 an ounce on Monday, amid rising global trade tensions, while the Bitcoin price fell briefly below $86,000, signaling a sharp divergence as the precious metal surged 17% in January.

Big questions: Would Bitcoin survive a 10-year power outage?

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

HYPE reclaims key level after 23% rally, trading at $28 as HIP-3 open interest hits $790M and whales remove supply from exchanges.

Hyperliquid’s token HYPE has surged 23% over the past 24 hours, pushing the price action into a zone that could decide the next trend. The move follows growing interest in HIP-3 activity and a sharp rise in trading volume and open interest.

Price Reclaims, Interest Builds After weeks of choppy price action, HYPE swept below its October 10th lows, a level that had previously acted as support. The asset has since reclaimed that zone and is now trading above it, hovering around $28 at press time. The area between $25 and $26 is being watched as a key reclaim zone.

According to Crypto Bully, this area sets up an “over and under” pattern. The price moved below the level, then quickly recovered it. Holding above this zone could confirm a reversal setup. If it fails to hold, the broader downtrend may resume.

Meanwhile, recent growth in HYPE’s ecosystem is tied to HIP-3, a feature launched in October 2025. It allows developers to deploy their own perpetual futures markets using Hyperliquid’s core infrastructure.

HIP-3 open interest reached an all-time high of $790M, driven recently by a surge in commodities trading.

HIP-3 OI has been hitting new ATHs each week. A month ago, HIP-3 OI was $260M.

— Hyperliquid (@HyperliquidX) January 26, 2026

Open interest tied to HIP-3 reached $790 million, according to data shared by Hyperliquid. That figure stood at $260 million just one month ago. The rise has tracked with broader interest in commodity-linked markets, which are now tradable on the platform. Market cap for HYPE stands at $6.6 billion, with a circulating supply of 240 million tokens.

Indicators Support Upward Momentum Technical signals point to a possible trend shift. RSI on the daily chart is at 59. This shows increasing strength but remains below overbought levels.

You may also like: Hyperliquid Confirms Former Employee Behind HYPE Shorting Activity Hyperliquid Denies $362M Risk Claims, Says Platform Is Fully Solvent Bitcoin (BTC) Retreats to $90K, Hyperliquid (HYPE) Plunges by 9% Daily: Market Watch MACD has flipped positive, with the MACD line crossing above the signal line. The histogram has turned green. These signals are often watched for early signs of directional change. The move also aligns with a break above recent consolidation.

HYPE Price Chart 1.27. Source: TradingView In addition, on-chain activity shows a recent $10.32 million OTC transfer involving 465,000 HYPE. The transaction, which moved tokens from Galaxy Digital, took place while buyers defended the $22–$23 zone.

Exchange data from Coinglass shows a 166% increase in volume and a 29% jump in open interest, with total volume at $2.43 billion. Whales continue to remove supply from public markets, reducing immediate selling pressure.

Tags:

Vancouver, British Columbia--(Newsfile Corp. - January 27, 2026) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7) ("Gladiator" or the "Company") is pleased to report assay results from the last 32 drill holes, totalling 8,072 metres drilled at its Cowley prospect in 2025.

SUMMARY 

Excellent Continuity: Drilling on the Northern Limb has continued to intersect significant, near-surface, continuous high-grade mineralization, highlighted by hole CPG-112D2 that returned 92m @ 1.03% Cu from 2m, underscoring the project's potential. 

Vertical Expansion: High-grade skarn mineralization intersected in the Southern Limb was extended vertically by 85m from previous intercepts, confirming continuity of the limb and unlocking further potential of the southern limb, where Gladiator plans to bring mineralization to near surface under Class 3 permit drilling.

Major Scale: The Cowley mineralized system now boasts a large lateral footprint of over 1,200m in strike length, 450m in width, and 300m in depth, and remains open in every direction, offering significant opportunity for further discovery.

New Discovery: A sub-parallel zone of mineralization was intercepted at depth in hole CPG-114D1, with magnetic data now pointing to over 600m of untested strike potential - setting the stage for future exploration.

Recent drilling at Cowley continues to extend strong near-surface copper, gold, and molybdenum mineralization. Key results from the west side of the "Northern Limb" include:

CPG-112D2 returned 130m @ 0.78% Cu from 2m, including:

92m @ 1.03% Cu 0.11 g/t Au, 6.38 g/t Ag & 393 ppm Mo from 2m;

24m @ 1.68% Cu, 0.18 g/t Au, 13.86 g/t Ag & 332 ppm Mo from 2m; and

16.1m @ 1.46% Cu, 0.10 g/t Au, 5.45 g/t Ag & 870 ppm Mo from 39.1m.

CPG-112D1 returned 47.17m @ 0.70% Cu, 0.07 g/t Au, 4.67 g/t Ag & 236 ppm Mofrom 1.6m, including:

10m @ 1.38% Cu 0.18 g/t Au, 11.44 g/t Ag & 355 ppm Mo from 15.0m; and

5.77m @ 1.15% Cu, 0.10 g/t Au, 5.28 g/t Ag & 507 ppm Mo from 43m

Drilling on the far east side of the Northern Limb (~310m east of CPG-112D2) continued to intercept significant mineralization, with further drilling planned to be completed under Class 3 permit conditions to extend mineralization further east along strike. Results included:

CPG-117D2, drilled ~310m east of CPG-112D2 returned 61m @ 1.25% Cu, 0.13 g/t Au, 8.97 g/t Ag & 442 ppm Mo from 108 m, including:

44m @ 1.57% Cu, 0.16 g/t Au, 11.73 g/t Ag & 536 ppm Mo from 114m;

Drilling on the "Southern Limb", continued to extended skarn mineralization >250m east, confirming vertical continuity down dip from CPG-118 (13.2m @ 1.50% Cu, 0.50 g/t Au, 10.16 g/t Ag & 314 ppm Mo1). Notable southern limb results include:

CPG-120 returned 14m @ 1.29% Cu, 0.16 g/t Au, 10.36 g/t Ag & 656 ppm Mo from 149m.Additionally, access on the western side of the Southern Limb allowed Gladiator to start bringing mineralization closer to surface whilst waiting on Class 3 permitting to target the limb near surface. Drilling returned:

CPG-119D1 returned 38.3 m @ 0.84% Cu, 0.10 g/t Au, 9.11 g/t Ag & 351 ppm Mo from 42.7m; including:

14.65m @ 1.53% Cu, 0.17 g/t Au, 16.08 g/t Ag & 664 ppm Mo from 42.7m and

4.0m @ 1.54% Cu, 0.07 g/t Au, 18.8 g/t Ag & 198 ppm Mo from 77.0m.

Gladiator has advanced step-out drilling across accessible areas, consistently intersecting new mineralization whilst moving towards a maiden resource for Cowley. Additional significant intercepts outside of the known Northern and Southern Limbs, include:

CPG-115 returned 12.15m @ 1.49% Cu, 0.06 g/t Au, 8.13 g/t Ag & 216 ppm Mo from 99m; including:

5.85m @ 2.70% Cu, 0.10 g/t Au, 14.92 g/t Ag & 206 ppm Mo from 101.15m; and

CPG-121D2 returned 12.5m @ 0.87% Cu from 111.65m, Including 7.15m @ 1.24% Cu from 117.0 m

Gladiator CEO Jason Bontempo commented:

"These latest results from Cowley represent a significant step forward in our understanding of the system. Intersecting over 90 meters of 1.03% copper starting essentially from surface is an exceptional outcome that reinforces the near surface, high-grade nature of both Copper and Molybdenum, and the continuity of this system.

As of late January 2026, the price of molybdenum has shown significant strength, with spot prices rising for several consecutive months to average around USD $55,000-$63,000 per metric ton (approx. $25-$28 per lb) making for a significant potential economic co-product credit to any future copper resource reported at Cowley.

Also noteworthy is the discovery of a new, subparallel zone of mineralization at depth. With a strike potential of over 600 meters based on our magnetic data, this new zone, combined with the fact that the main body remains open in all directions, highlights the substantial scale and growth potential at Cowley. Our team remains focused on aggressive step-out drilling as we move toward delivering a maiden resource estimate that truly reflects the value of this asset."

1 Refer News Release Dated 8th Dec 2025 "Gladiator Extends High-Grade Copper Skarn Mineralization 250m to the East at Cowley."
2 Refer News Release Dated 11th Aug 2025 "Gladiator Discovers New Zone in First Drilling Below 200m at Cowley."

COWLEY DRILLING
This release completes reporting of the 2025 drilling program at the Cowley prospect and covers the remaining unreleased 32 drill holes for 8,072 metres (Refer Figure 1 and Table 1).

2025 drilling successfully:

Delivered clear confirmation of the continuity of near-surface, high-grade copper mineralization, significantly advancing efforts to define substantial high-grade copper resources.

Validated the persistence of near-surface high-grade domains previously identified at the Cowley prospect, while also uncovering exciting exploration upside and expanding the potential for repeated mineralized zones.

Importantly, drill tested new exploration targets proximal to the known system, highlighting meaningful opportunities for extensions to known high-grade copper skarn mineralization and identifying promising sub-parallel trends.

A major milestone was achieved by recognizing the untapped resource potential of endoskarn copper mineralization at Cowley, an area not systematically targeted or sampled in past drilling campaigns.

Furthermore, the economic value of associated co-products - including molybdenum, gold, and silver - has been continually evaluated, broadening the scope for positive project economics.

Overall, these advancements underscore the continued success and exciting potential at the Cowley prospect, setting the stage for further growth and maiden resource definition.

The final portion of 2025 drilling focused on extensions to the currently known high-grade copper skarn extents of Cowley's "Southern Limb" and "Northern Limb", the extents of mineralization along and across the entirety of the system, as well as testing the depth potential of the system as highlighted by hole CPG-092 (55m @ 0.70% Cu from 176m plus, including 21.90m @ 1.27% Cu from 199.1m)2.

Recently returned assays from drilling at Cowley have continued to intersect strong copper, gold & molybdenum mineralization near surface. Drilling completed on the west side of the northern limb returned exceptional results, including:

CPG-112D2 returned 130m @ 0.78% Cu & 293 ppm Mo from 2m, including:

92m @ 1.03% Cu 0.11 g/t Au, 6.38 g/t Ag & 393 ppm Mo from 2m; incl.

24m @ 1.68% Cu, 0.18 g/t Au, 13.86 g/t Ag & 332 ppm Mo from 2m; and

16.1m @ 1.46% Cu, 0.10 g/t Au, 5.45 g/t Ag & 870 ppm Mo from 39.1m.

CPG-112D1 returned 47.17m @ 0.70% Cu, 0.07 g/t Au, 4.67 g/t Ag & 236 ppm Mo from 1.6m, including:

10m @ 1.38% Cu 0.18 g/t Au, 11.44 g/t Ag & 355 ppm Mo from 15.0m; and

5.77m @ 1.15% Cu, 0.10 g/t Au, 5.28 g/t Ag & 507 ppm Mo from 43m

CPG-112 returned 34.0m @ 0.54% Cu, 0.11 g/t Au, 3.02 g/t Ag & 253 ppm Mo from 26.0m, including:

12m @ 1.10% Cu 0.25 g/t Au, 6.38 g/t Ag & 286 ppm Mo from 40.0 m

Drilling on the far east side of Cowley's Northern Limb (~310m east of CPG-112D2) continued to intercept significant mineralization, with further drilling planned to be completed under Class 3 permit conditions to further extend the mineralization east along strike. Results included:

CPG-117D2, drilled ~310m east of CPG-112D2 returned 61m @ 1.25% Cu, 0.13 g/t Au, 8.97 g/t Ag & 442 ppm Mo from 108 m, Including:

44m @ 1.57% Cu, 0.16 g/t Au, 11.73 g/t Ag & 536 ppm Mo from 114m.

Additional assays have also been received from further drilling designed to test extensions to the skarn mineralization greater than 250 metres east along strike on Cowley's "Southern Limb". These results relate to drilling announced 8 December 2025 ("Drilling at Cowley extends High-Grade Copper Skarn Mineralization 250m to the East").

Drilling successfully confirmed the vertical continuity down dip of the mineralization, extending from the previously reported high-grade intercept in hole CPG-118, which returned 13.2 metres grading 1.50% Cu, 0.50 g/t Au, 10.16 g/t Ag & 314 ppm Mo. Significant results from this phase of drilling include:

CPG-120 returned 14m @ 1.29% Cu, 0.16 g/t Au, 10.36 g/t Ag & 656 ppm Mo from 149m.Additionally, access on the western side of the Southern Limb allowed Gladiator to start bringing mineralization to near surface, where drilling returned:

CPG-119D1 returned 38.3 m @ 0.84% Cu, 0.10 g/t Au, 9.11 g/t Ag & 351 ppm Mo from 42.7m; including:

14.65m @ 1.53% Cu, 0.17 g/t Au, 16.08 g/t Ag & 664 ppm Mo from 42.7m and

4.0m @ 1.54% Cu, 0.07 g/t Au, 18.8 g/t Ag & 198 ppm Mo from 77.0m.

CPG-119D2 returned 38.0 m @ 0.44% Cu, 0.05 g/t Au, 3.2 g/t Ag & 392 ppm Mo from 116m.While awaiting approval of the Class 3 permit, Gladiator has maintained strong momentum by continuing to drill across accessible extents of the system. This proactive approach is positioning Gladiator to deliver a maiden resource at Cowley sooner once the Class 3 permit is granted.

Step-out drilling continues to uncover additional mineralization beyond the already defined high-grade Northern and Southern Limbs. These ongoing efforts are intersecting further significant mineralization, highlighting the growing potential of the Cowley system, including:

CPG-115 returned 12.15m @ 1.49% Cu, 0.06 g/t Au, 8.13 g/t Ag & 216 ppm Mo from 99m; including:

5.85m @ 2.70% Cu, 0.10 g/t Au, 14.92 g/t Ag & 206 ppm Mo from 101.15m; and

CPG-121D2 returned 12.5m @ 0.87% Cu from 111.65m, Including:

7.15m @ 1.24% Cu from 117.0 m

COWLEY RESOURCE DRILLING
Gladiator has continued to advance its definition drilling program at Cowley under its Class 1 exploration permit. This ongoing activity is part of a broader strategy to better delineate the mineralized system within the Cowley area.

Definition drilling is scheduled to be completed in 2026 under a Class 3 permit that is currently under review. This will be a critical step, as it will allow Gladiator Metals to drill line by line, systematic cross sections to deliver maiden resources for the Whitehorse Copper Project.

Results from the ongoing resource definition drilling have affirmed the continuity of the mineralized system across the broader Cowley area. Recent drilling has been concentrated on the flanks of the mineralized system, where access is currently possible. This targeted approach has enabled the identification of potential extensions along the boundaries of the known extents of the mineralized system and confirmed the presence of shallow copper-skarn mineralization within the Cowley region.

For a detailed overview of the results and intersections from these drilling activities, readers are referred to Figure 1 (plan map) and Table 1.

Gladiator is nearing completion of the process to obtain a Class 3 permit. Once this permit is granted, it will enable the Company to expand its exploration activities significantly. The new permit will allow Gladiator to target the up-dip extensions of shallow mineralization, conduct infill drilling on the main mineralized bodies, and explore the (predominantly) eastern lateral extents to the mineralized system that have yet to be drilled.

Drilling to be completed under the Class 3 permit will be included in the maiden resource estimate for Cowley, which is scheduled for 2026.

Figure 1: - Plan map of Cowley over LIDAR DTM. Gladiator drill collars colored by sum Cu% x length (m), historical collars not shown. New drill results subject to this release highlighted in yellow. 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/281747_e5bfac2ad40809e7_003full.jpg

Hole IDDepthEastNorthDipAzimNoteFromToInterval
(m)Cu
(%)Au
(g/t)Ag
(g/t)Mo
(ppm)CPG-110248.11505,4576,715,555-85191
152.00156.004.000.710.064.16436 CPG-111280.42506,1346,715,226-46185
50.0098.0048.000.260.011.06115

Incl.80.0098.0018.000.460.011.48213 CPG-111D1481.28506,1356,715,224-84161
14.0016.002.000.970.046.5036

314.00318.004.000.650.113.40160 CPG-111D2259.08506,1376,715,225-59

74.0080.006.000.240.022.7361 CPG-111D3227.08506,1376,715,223-41

78.0084.006.000.360.012.9035

97.60110.0012.400.400.012.93193

106.00110.004.000.700.026.75315 CPG-111D4179.83506,1326,715,225-44234
62.0068.006.000.310.000.3320 CPG-112483.11505,9346,715,500-88182
26.0060.0034.000.540.113.02253

Incl.40.0052.0012.001.100.256.38286

76.0088.0012.000.660.072.28189

106.00112.006.000.390.052.5354

132.00138.006.000.430.021.77308 CPG-112D148.77505,9426,715,501-80191EOH1.6048.7747.170.700.074.67236

Finished in 0.50% Cu (47.0-48.77m)

Incl.15.0025.0010.001.380.1811.44355

And43.0048.775.771.150.105.28507

Incl.43.0047.004.001.440.116.15587 CPG-112D2324.61505,9426,715,500-79206
2.00132.00130.000.780.094.66293

Incl.2.0094.0092.001.030.116.38393

Incl.2.0026.0024.001.680.1813.86332

And39.1058.0016.101.460.105.45870

112.00132.0020.000.250.020.6056 CPG-113265.18505,9276,715,334-8510
33.0039.006.000.780.087.43102

87.0091.004.000.740.127.30353 CPG-113D1301.75505,9276,715,334-71188NSA

CPG-114252.98505,5626,715,511-74104
67.0073.006.000.250.022.03118

99.00101.002.000.940.034.00145 CPG-114D1299.61505,5636,715,516-4638
27.0069.0042.000.320.051.57129

219.00229.0010.000.560.034.78159 CPG-114D2254.51505,5626,715,515-7740
76.0088.0012.000.300.041.4576

220.00226.006.000.230.011.13200 CPG-114D3197.21505,5616,715,507-46186
42.0052.0010.000.320.032.22361 CPG-115367.28506,0646,715,368-84233
99.00111.1512.151.490.068.13216

Incl.101.15107.005.852.700.1014.92206

133.00146.0013.000.400.001.0695

160.00174.0014.000.390.041.49125 CPG-116399.29506,1836,715,338-85118
97.00101.004.000.170.031.451,225

123.00125.002.000.400.023.3010,350

133.00135.002.000.500.073.40636

209.00211.002.000.330.031.901,140 CPG-117324.61506,1966,715,516-63172
90.0098.008.000.340.061.7549

167.00175.308.301.050.024.3592 CPG-117D1342.90506,1966,715,516-566NSA

CPG-117D2220.98506,1966,715,516-46150
60.0072.0012.000.290.041.42144

82.0092.0010.000.340.061.84218

108.00169.0061.001.250.138.97442

Incl.114.00158.0044.001.570.1611.73536

Incl.115.15156.0040.851.640.1712.26567 CPG-118300.23506,4996,715,182-78354
99.80113.0013.201.500.5010.16314 (CPG-118 Previously Released)

Incl.101.00112.0011.001.740.5911.81360

Incl.107.00112.005.002.910.6019.54611

119.00126.007.000.550.063.99440 CPG-118D1248.51506,4996,715,183-84190NSA

CPG-119332.23506,0496,715,270-6255
90.85101.0010.150.920.095.84239

Incl.90.8597.106.251.360.148.88361

182.00194.0012.000.280.011.75114

241.60253.0011.400.460.013.01267 CPG-119D1198.12506,0496,715,268-4654
42.7081.0038.300.840.109.11351

Incl.42.7057.3514.651.530.1716.08664

And77.0081.004.001.540.0718.80198 CPG-119D2184.40506,0496,715,268-44345
116.00154.0038.000.440.053.20392 CPG-119D3181.36506,0436,715,271-45307
92.00116.0024.000.140.011.191,069

Incl.92.00100.008.000.380.032.73335

And102.00116.0014.000.010.000.491,556 CPG-119D4251.46506,0456,715,269-54180
36.0068.0032.000.350.021.9551

Incl.36.0046.0010.000.740.055.3470

94.00100.006.000.490.011.57301 CPG-119D5193.55506,0426,715,271-46262
61.0065.004.000.920.022.3098

159.00173.0014.000.390.031.89161 CPG-120204.22506,4486,715,183-68343
89.0096.007.000.200.031.6237

101.40117.0015.600.400.053.0553

149.00169.0020.000.980.127.67475

Incl.149.00163.0014.001.290.1610.36656 CPG-121170.69505,7826,715,454-4413
46.0050.004.000.560.115.55656

69.2073.003.800.550.021.78432

90.00100.0010.000.440.1012.70165 CPG-121D1170.69505,7826,715,454-608
21.9726.004.030.430.052.98696

36.5064.0027.500.370.062.57859 CPG-121D2178.31505,7826,715,454-58177
111.65124.1512.500.870.053.10304

Incl.117.00124.157.151.240.074.23325 Table 1: Recently returned drill assay results from Cowley. Note that the quoted Intersections are reported as interval widths and not true width. True widths of the intersected mineralized skarn system at Cowley is complex, with different grade distributions present related to the form of the contact between the granodiorite and sedimentary units as well different vein generations and orientations within the various intervals.

EXPLORATION STRATEGY - 2026

The reported drilling at the Cowley is part of ~50,000m of drilling completed during 2025 targeting high-grade copper skarns throughout the Whitehorse Copper Belt, including the recently announced Cub East Discovery.

In addition, Gladiator is fully funded to execute a further 50,000m's of additional diamond drilling in 2026. This drilling will be driven by expanded gravity and induced polarization (IP) surveys coupled with further surface mapping and data integration throughout the Whitehorse Copper Belt.

Drilling will be designed with the following objectives:

1 — Advancing Cowley to resource definition and expansion:

Cowley Resource Target: Establish initial drilling framework for an inferred resource at Cowley.

Cowley Exploration: Targeting upside potential for further copper-skarn mineralization at Cowley, including drill testing of the highly ranked Cowley lookalike at Great Southern (~2km south of Cowley resource definition drilling).

Cowley Porphyry Exploration: Targeting intrusive hosted mineralization through hyperspectral and multi-element geochemical vectoring combined with geological observations and existing geophysical datasets (refer to news release dated August 11, 2025 "Gladiator Discovers New Zone in First Drilling Below 200m at Cowley').

2 — Exploration drilling:

Chiefs Trend: Highlight further high-grade, near-term copper resource potential by testing near historic mine exploration upside and recently defined, and untested geophysical targets (refer to news release dated October 16, 2025 "Gladiator Identifies New Targets at Little Chief and Cowley Park'). Expand geophysical surveys to define new targets in the area and further target intrusive hosted mineralization through hyperspectral and multi-element geochemical vectoring combined with geological observations and existing geophysical datasets (refer to news release dated September 15, 2025 "Gladiator Identifies New Skarn and Intrusive Related Copper-Gold Mineralization in First Drilling at Valerie and Little Chief').

Best Chance: Further drill testing of outcropping and shallow covered high-grade, magnetite-copper skarn mineralization and broader widths of copper-silicate skarn and test continuity of mineralization between the Best Chance and Arctic Chief prospects.

Arctic Chief: Highlight continuity of high-grade near surface copper and gold mineralization for future resource drilling.

Cub Trend Exploration: Highlight continuity of high-grade, near surface, copper and gold mineralization for future resource drilling. Further drilling on the recently identified Cub East target to advance target to resource definition.

Drilling will be supported by planned geophysical programs including Induced Polarization (ongoing), Electromagnetic and Gravity surveys to help refine drill targeting in the prospect areas and highlight undiscovered areas of exploration potential.

THE WHITEHORSE COPPER PROJECT
The Whitehorse Copper Project is an advanced-stage high grade copper (Cu), molybdenum (Mo), silver (Ag) and gold (Au) skarn exploration project in the Yukon Territory, Canada.

Copper mineralization was first discovered in 1897 on the Whitehorse Copper Belt and comprises over 30 copper-related, primarily skarn occurrences covering an area of 35km long by 5 km wide on the western margin of Whitehorse City, Yukon.

Exploration and mining development have been carried out intermittently since 1897 with the main production era lasting between 1967 and 1982 where production from primarily the Little Chief deposit totalled 267,500,000 pounds copper, 225,000 ounces of gold and 2,838,000 ounces of silver from 10.5 million tons of mineralized material milled (Watson, 1984). The Whitehorse Copper Project is accessible by numerous access roads and trails located within 2 km of the South Klondike Highway and the Alaska Highway. An extensive network of historical gravel exploration and haul roads exists throughout the project area, providing excellent access to the claim package. Access to existing electric power facilities is available through the main Yukon power grid.

PROJECT HIGHLIGHTS

Advanced 35km long high-grade copper belt.

Located on western margin of infrastructure rich Whitehorse City, Yukon Territory

Approximately 50,000m of drilling planned for 2026, focussed on near-term high-grade copper skarn resources prospects including the cornerstone Cowley project (further assays pending), Chiefs trend, Cub trend and Arctic Chief trend all within 15km of strike of each other.Targeting to report maiden high-grade copper NI 43-101 compliant inferred resource(s), in 2026.The Whitehorse Copper Project area was a previous producer at Little Chief, Arctic Chief, Keewenaw & Black Cub South and other deposits.

Between 1967-82 Hudson Bay Mining & Smelting, mined 10.5mt at 1.5% Cu plus 0.75g/t Au (Watson P.H. (1984) The Whitehorse Copper Belt - A Compilation. Yukon Geological Survey, Open File 1984-1).

Key Institutional Investors - Dynamic, Mackenzie, Macquarie Bank and Orimco.QA / QC
Drilling completed by Gladiator is irregularly spaced to test parts of the mineralized systems, holes were directionally surveyed utilising a North Seeking Gyro direction tool. Drill collars are subsequently surveyed utilising a high-accuracy RTK DGPS or DeviSite system. Diamond drilling is usually cased, then cored utilising HTW diameter before reducing at shallow depth in stable ground to NTW diameter drill core.

Mineralized quoted intersections are reported as interval widths and not true width. True widths of the intersected mineralized skarn system are complex making an estimate of the true width unreliable. This is due to different grade distributions and angle geometries present related to the form or outline of the contact between the granodiorite and sedimentary units as well different vein paragenesis and orientations within the various intervals. Where possible, drilling is conducted perpendicular to interpreted mineralization.

Upon drilling of diamond core, Gladiator undertakes geological logging, marking up of lineal length of the core, recording core recovery, and Geotech measurements such as RQD's and taking core photographs.

Based on the geological logging, core is then marked up for sampling with a new sampling ticket that matches the submitted sample for analysis at the start of the sample interval, the drill core is then cut in half utilizing a core saw equipped with a diamond saw blade. The core samples are then sent for analysis and the remaining half core retained for future reference. Certified Reference Materials (CRMs) or known blank material is placed within the sampling sequence at a nominal sampling rate of at least 1 in 25 samples to monitor the Laboratory.

Samples are submitted to the Whitehorse based prep facility of ALS Global Laboratory (Canada). Samples subject to this release were crushed to 70% less than 2mm before pulverizing to better than 85% passing <75 microns. Assay pulps are then transported by ALS to the Vancouver (Langley) facility to be analysed. On occasions where the Whitehorse prep facility has reduced capacity to complete preparation of the samples within a timely manner, samples may be forwarded by ALS Global to their Langley facility for preparation utilising the same method as described above.

Samples were then analysed by ALS method ME-ICP61 (34 Element Aqua Regia with ICP-MS finish), with over limits for Cu analysed by method CU-OG62 (Aqua Regia with ICP-MS finish). Au is analysed by ALS method AU-AA25 (Ore Grade Au 30g Fire Assay AA Finish). As part of this process, Gladiator also captures the required sampling metadata to potentially utilize the core and analysis for any future requirements if deemed acceptable. The QA/QC meets the current required standards under reporting instruments, such as National Instrument 43-101. At this point, Gladiator regards the data collected from this exercise as reliable for the purposes of identifying future exploration targets and may be used to inform future drilling and exploration campaigns.

As part of this process, Gladiator also captures the required sampling metadata to potentially utilize the core and analysis for any future requirements if deemed acceptable. Further drilling will need to be completed by Gladiator at some stage to confirm the reliability or usability of this data in the future including but not limited to twinning of reported mineralization. This may be required as Gladiator may not be able to confirm the accuracy of the stated drill collar location or be able to re-enter the holes to confirm depths and undertake directional surveys, or that the QA/QC might not meet the current required standards under reporting instruments, such as National Instrument 43-101. At this point, the Company is treating the data collected from this exercise as reliable for the purposes of identifying future exploration targets and may be used to inform future drilling and exploration campaigns.

References:

Watson P.H. (1984) The Whitehorse Copper Belt - A Compilation. Yukon Geological Survey, Open File 1984-1 (https://data.geology.gov.yk.ca/Reference/42011#InfoTab)

Tenney D. (1981) - The Whitehorse Copper Belt: Mining, Exploration and Geology (1967-1980).
(https://ia800206.us.archive.org/20/items/whitehorsecopper00tenn/whitehorsecopper00tenn.pdf)

Qualified Person

All scientific and technical information in this news release has been prepared or reviewed and approved by Kell Nielsen, the Company's Vice President Exploration, a "qualified person" as defined by NI 43-101.

ON BEHALF OF THE BOARD

"Jason Bontempo"
Jason Bontempo
CEO and Director 

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

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Certain of the statements and information in this news release constitute "forward-looking statements" or "forward-looking information". Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) that are not statements of historical fact may be forward-looking statements or information.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs; and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281747

Source: Gladiator Metals Corp.

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All references to dollar amounts are references to U.S. Dollars, unless otherwise stated

Toronto, Ontario--(Newsfile Corp. - January 27, 2026) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) ("Kuya" or the "Company") is pleased to announce it has signed a Letter of Intent ("LOI") to acquire 100% of Sociedad Minera de Responsabilidad Limitada Camila 2008 ("SMRL Camila"), the owner of the permitted Planta de Procesos Camila ("Camila Plant") the conventional floatation plant that is currently processing Kuya Silver's mineralized material to produce silver and other metal concentrates on a toll-milling basis. The plant is currently operating at 150 metric tonnes-per-day ("tpd") with plans to increase production capacity to 300 to 350 tpd, which Kuya Silver expects to undertake after closing the acquisition.

The plant is located 164 km from the Company's flagship Bethania Silver Project and only 48 km to the major city of Huancayo in Junín, Peru.

This milestone transaction advances Kuya Silver's strategy to develop in-house processing capacity to vertically integrate its operations, capture operating synergies, de-risk and expand its platform for silver production growth, while improving margins in the current strong silver price environment. Concurrently, Kuya Silver is advancing parallel cost optimization of the previously developed detailed engineering plan for its on-site Bethania process plant. This dual-track approach ensures optimal capital allocation, maximizes future processing optionality, and provides the potential to expand total processing capacity significantly beyond the current Phase 1 target of 350 tpd.

Strategic Rationale and Potential Benefits:

Direct Path to Vertical Integration: Securing the Camila plant would provide a clear and expedited path to bringing processing in-house, immediately eliminating future toll-milling costs and associated scheduling uncertainties.Immediate Capacity Expansion and Metallurgical Optimization: The plant's existing flotation circuit is well-suited as a foundation for processing Bethania's silver-rich polymetallic ore. Following acquisition, Kuya Silver's immediate plan is to commence work on targeted modifications to not only optimize metallurgical recoveries for silver, (as well as lead, zinc, copper and gold) but also to expand the plant's throughput capacity to at least 300 tpd before year end. This acquisition opportunity provides scalable, in-house processing headroom that can be scaled as production from the Bethania mine increases.Operational Control, Scale, and Cost Efficiency: Direct ownership of the plant is expected to deliver a multifaceted strategic advantage. It provides Kuya with full control over processing schedules and ore blend strategies (enhancing flexibility and plant availability), creates immediate economies of scale, and unlocks continuous optimization opportunities. This operational control is the foundation for reducing per-tonne processing costs, which should have a positive impact on operating cash flow, margins, and the overall economic performance of the project.Strategic Location and Proven Suitability: The Camila plant is strategically located on the key transport corridor between the Bethania mine and Lima, where concentrate is shipped to port. The facility is already connected to the regional hydroelectric grid and has a demonstrated history of successfully processing ore from the Bethania deposit, yielding positive metallurgical results. This combination of ideal location, existing infrastructure, and proven performance with Bethania's specific ore type significantly de-risks the integration timeline and operational ramp-up.LOI Overview and Next Steps:

Under the terms of the LOI, Kuya Silver has agreed to purchase 100% of SMRL Camila, the company that owns the Camila plant for $7.8 million, subject to standard conditions precedent. The primary condition is the satisfactory completion of confirmatory legal, financial, environmental, and technical due diligence, which is underway by Kuya Silver's team of advisors.

Preliminary analysis indicates a clear and capital-efficient path to expanding the plant's capacity from 150 to 300-350 tonnes per day. Based on internal estimates provided by Camila and reviewed by Kuya Silver, this expansion is projected to require an additional capital investment in the range of $0.7 million to $1.0 million. These estimates are to be validated by a third-party engineering firm following the completion of the transaction.

The Company will provide further updates upon the signing of a definitive share purchase agreement, subject to the satisfactory completion of due diligence.

About Kuya Silver Corporation

Kuya Silver is a Canadian‐based mineral exploration and development company focused on acquiring, exploring, and advancing precious metals assets in Peru and Canada. Its flagship Bethania Silver Project in Peru was a historic producer of silver, lead and zinc. The Bethania Mine was officially re-started in May 2024.

National Instrument 43-101 Disclosure

The technical content of this news release relating to the strategic rationale for processing has been reviewed and approved by Mr. Gerardo Acuña (FAUSIMM (CP) #337049), Registered Professional Engineer of Queensland (Australia, RPEQ #29598), a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM, Chartered Professional), Mine Superintendent at Minera Toro de Plata S.A.C., a wholly-owned subsidiary of Kuya Silver and a Qualified Person as defined by National Instrument 43-101. The QP has not yet verified the technical data related to the Camila plant, which will be a focus of the ongoing due diligence process.

For more information, please contact:
David Stein, President and Chief Executive Officer
Telephone: (604) 398‐4493
Email: [email protected]
Website: www.kuyasilver.com

Reader Advisory

This news release contains statements that constitute "forward-looking information," including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to the potential acquisition of the Camila plant pursuant to the LOI, the anticipated benefits thereof (including potential cost savings, improved recoveries, and margin expansion), the completion of due diligence, the execution of definitive agreements, and the Company's future business activities. The words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "potential," "target," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Investors are cautioned that forward-looking statements are not guarantees of future performance and involve risks, uncertainties, and assumptions. The LOI is non-binding with respect to the final transaction, which remains subject to the satisfactory completion of due diligence and the negotiation and execution of definitive agreements. There can be no assurance that such due diligence will be satisfactory, that definitive agreements will be reached, or that the transaction will be completed. The Company's actual results, activities, and financial position could differ materially from those expressed or implied by such forward-looking information. There can be no assurance that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under applicable securities laws.

Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281730

Source: Kuya Silver Corporation

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, /PRNewswire/ -- RADCOM Ltd. (NASDAQ: RDCM) announced today that it will report its financial results for the fourth quarter and full year, which ended December 31, 2025, on Wednesday, February 11, 2026, before the market opens on the Nasdaq Stock Market.

RADCOM CEO Benny Eppstein and CFO Hod Cohen will hold a conference call and webinar on the same day at 8:00 AM Eastern Time (3:00 PM Israel Time) to review the financial results and answer questions from participants. Attendees can join the event by phone or audio webinar.

Conference Call Access

To join the conference call, please dial +1-866-652-8972 (US toll-free) or +972-3-918-0609 for other locations. Please dial in 5 minutes before the scheduled start time. A recording will be available later the same day at https://radcom.com/financial-information/.

Audio Webinar Access

To access the audio webinar, log in at https://www.veidan-conferencing.com/radcom. Please log in at least 10 minutes before the start time to complete registration and install any required software. A replay will be available at the same link for 90 days following the event.

For all investor inquiries, please contact:

Investor Relations:
Rob Fink or Joey Delahoussaye
FNK IR
[email protected]
646-809-4048/312-809-1087

Company Contact:
Hod Cohen
RADCOM CFO
[email protected]
+972-3-645-5055

About RADCOM

RADCOM (NASDAQ: RDCM) is a leading provider of advanced, intelligent assurance solutions with integrated AI Operations (AIOps) capabilities. Its flagship platform, RADCOM ACE, harnesses AI-driven analytics and generative AI (GenAI) to improve customer experiences. From lab testing to full-scale deployment, RADCOM utilizes cutting-edge networking technologies to capture and analyze real-time data. Its advanced 5G portfolio delivers end-to-end network observability, from the radio access network (RAN) to the core. 

Designed to be open, vendor-neutral, and cloud-agnostic, RADCOM's solutions drive next-generation network automation, optimization, and efficiency. By leveraging AI-powered intelligence, RADCOM reduces operational costs, enables predictive customer insights, and seamlessly integrates with business support systems (BSS), operations support systems (OSS), and service management platforms. Offering a complete, real-time view of mobile and fixed networks, RADCOM empowers telecom operators to ensure exceptional service quality, enhance user experiences, and build customer-centric networks.

SOURCE RADCOM Ltd.

Cold Chain Tracking Solution for Temperature-Sensitive Pharmaceuticals Recognized for Excellence in Supply-Chain Intelligence

, /PRNewswire/ -- Identiv, Inc. (NASDAQ: INVE), a global leader in RFID- and BLE-enabled Internet of Things (IoT) solutions, announced today that the Tag-N-Trac and Identiv Cold Chain Tracking Solution has received a 2025 IoT Platforms Leadership Award from IoT Evolution World, the leading online publication covering IoT technologies.

The IoT Platforms Leadership Awards honor solutions that provide the foundational technology required to build, manage, and operate IoT ecosystems – from device onboarding and connectivity to analytics, automation, and lifecycle management.

The winning solution provides continuous, real-time insight into the location, condition, and compliance of temperature-sensitive pharmaceuticals at the package and dose level.  This unified framework sets a new benchmark in supply-chain intelligence by combining connected hardware, cloud analytics, and intelligent automation within a single ecosystem. The solution integrates Identiv's thin Bluetooth Low Energy (BLE) smart labels, which incorporate high-performance InPlay BLE chips, with Tag-N-Trac's RELATIVITY™ platform, an industry-first IoT SaaS system.

"The 2025 IoT Platforms Leadership Award recognizes our partnership's focus on simplifying deployment and enabling true interoperability for our customers," said Kirsten Newquist, CEO of Identiv. "By transforming ambient data from the pharmaceutical supply chain into actionable intelligence, we help companies deliver therapies more securely while protecting patient trust worldwide."

Raj Dodhiawala, CEO of Tag-N-Trac, added, "With our partner Identiv, we are proud to be recognized for our innovative cold chain solution that breaks through long-standing industry barriers like fragmented systems and manual workflows. Our platform solution replaces disconnected tools with an AI-powered intelligent system that provides real-time shipment visibility, enabling precise control and timely response to excursions for seamless compliance across the entire distribution journey."

Purpose-built for regulated industries, the Tag-N-Trac and Identiv Cold Chain control tower supports GS1-based serialization and automated reporting aligned with the Drug Supply Chain Security Act (DSCSA). Its modular, API-driven architecture processes real-time data from our IoT devices to track a number of shipment and condition metrics, delivering risk intelligence and excursion handling that enhances the efficiency and responsiveness across global logistics networks. 

"The solutions selected for the IoT Evolution IoT Platforms Leadership Award reflect innovation driving the fast-growing Internet of Things marketplace. It is my honor to congratulate Identiv and Tag-N-Trac for their innovative work and contribution to this rapidly evolving industry," said Carl Ford, Community Developer, IoT Evolution World.

"It is my pleasure to recognize the Tag-N-Trac x Identiv Cold Chain Tracking Solution, an innovative solution that earned Identiv and Tag-N-Trac the 2025 IoT Evolution IoT Platforms Leadership Award," said Rich Tehrani, CEO, TMC. "I look forward to seeing more innovation from both companies in the future."

About Identiv
Identiv's RFID- and BLE-enabled IoT solutions create digital identities for physical objects, enhancing global connectivity for businesses, people, and the planet. Its solutions, integrated into over 2.0 billion applications worldwide, drive innovation across healthcare, consumer electronics, luxury goods, smart packaging, and more. For additional information, visit identiv.com.

About Tag-N-Trac
Tag-N-Trac is a pioneer in real-time visibility and traceability solutions. Through its RELATIVITY™ platform, an industry-first IoT SaaS system, the company unifies in-warehouse and in-transit visibility within a single IoT-driven, AI-powered analytics environment. Tag-N-Trac provides hardware-agnostic solutions that transform sensor data into actionable intelligence for global supply chain operations. 

About Crossfire Media
Crossfire Media, co-publishers of IoT Evolution, is an integrated marketing company with a core focus on future trends in technology. We service communities of interest with conferences, tradeshows, webinars and newsletters. Crossfire Media has a partnership with Technology Marketing Corporation (TMC) to produce events and websites related to disruptive technologies. Crossfire Media is a division of Crossfire Consulting, a full service Information Technology company based in New York.

About TMC
TMC provides global buyers with valuable insights to make informed tech decisions through our editorial platforms, live events, webinars, and online advertising. Leading vendors trust TMC, thought leadership, and our events for branding, thought leadership, and lead generation. Our live events, like the ITEXPO #TECHSUPERSHOW, deliver unmatched visibility, while our custom lead generation programs and webinars ensure a steady flow of sales opportunities. Display ads on trusted sites generate millions of impressions, boosting brand reputations. TMC offers a complete 360-degree marketing solution, from event management to content creation, driving SEO, branding, and marketing success. Learn more at www.tmcnet.com and follow @tmcnet on Facebook, LinkedIn, and X.

Identiv Media Contact:
Sophie Pearson
Identiv, Inc.
[email protected]

TMC Media Contact:
Stephanie Thompson
203-852-6800
[email protected]

SOURCE Identiv

The Apple and Google Play app stores are hosting dozens of "nudify" apps that can take photos of people and use artificial intelligence to generate nude images of them, according to a report Tuesday from an industry watchdog.

A review of the two app stores conducted in January by Tech Transparency Project found 55 nudify apps on Google Play and 47 in the Apple App Store, according to the organization's report that was shared exclusively with CNBC.

After being contacted by TPP and CNBC last week, an Apple spokesperson on Monday said that the company removed 28 apps identified in the report. The iPhone maker said it also alerted developers of other apps that they risk removal from the Apple App Store if guideline violations aren't addressed.

Two of the apps removed by Apple were restored to the store after the developers resubmitted new versions that addressed guideline concerns, a spokesman for the company told CNBC.

"Both companies say they are dedicated to the safety and security of users, but they host a collection of apps that can turn an innocuous photo of a woman into an abusive, sexualized image," TTP wrote in its report about Apple and Google.

TTP told CNBC on Monday that a review of the Apple App Store found that only 24 apps were removed by the tech company.

A Google spokesperson told CNBC that the company suspended several apps referenced in the report for violating its app store's policies, saying that it investigates when policy violations are reported. The company declined to say specifically how many apps it had removed, because its investigation into the apps identified by TTP was ongoing.

The report comes after Elon Musk's xAI faced backlash earlier this month when its Grok AI tool responded to user prompts that it generate sexualized photos of women and children.

The watchdog organization identified these apps on the two stores by searching for terms like "nudify" and "undress" to find apps, and tested those apps using AI-generated images of fully clothed women. The project tested two types of apps — those that used AI to render the images of the women without clothes, as well as "face swap" apps that superimposed the original women's faces onto images of nude women.

"It's very clear, these are not just 'change outfit' apps," Katie Paul, TPP's director, told CNBC. "These were definitely designed for non-consensual sexualization of people."

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CNBC investigated the dangers of nudify apps and websites in a report published in September.

In its investigation, CNBC followed a group of women in Minnesota whose public social media photos were fed into a nudify service to create sexualized deepfakes without their consent. Because the women were all adults and the man who generated the pornographic deepfakes didn't necessarily distribute them, no apparent crime was committed. Over 80 women were victimized.

CNBC found that new AI models have made it easier than ever to generate deepfake nudes and explicit content, with the services bundled into user-friendly apps like the ones found by TTP.

Of the apps reviewed, 14 were based out of China, according to TPP. Paul said that adds an extra security concern.

"China's data retention laws mean that the Chinese government has right to data from any company anywhere in China," Paul said. "So if somebody's making deepfake nudes of you, those are now in the hands of the Chinese government if they use one of those apps."

After xAI drew scrutiny over its own nudify capabilities, Grok's AI acknowledged "lapses in safeguards" that it is "urgently fixing," in a reply to one X user.

On Monday, the European Commission said it opened an investigation into X over Grok's spreading of sexually explicit content.

In response to CNBC's request for comment, xAI sent an automated reply that said "Legacy Media Lies."

In August, the National Association of Attorneys General wrote to payment platforms, including Apple Pay and Google Pay, raising concerns about services that generate non-consensual intimate images and requesting that the platforms remove such services from their networks.

Democratic senators from Oregon, New Mexico and Massachusetts asked Apple and Google to remove X from their app stores in a letter this month, saying that the mass generation of non-consensual sexualized images violates the stores' distribution terms.

The Google Play Developer Policy Center says the platform doesn't allow "apps that claim to undress people or see through clothing, even if labeled as prank or entertainment apps." Apple's app review guidelines bans material that is "overtly sexual or pornographic."

TTP's identified apps collectively have over 700 million downloads worldwide and have generated $117 million in revenue, the report says, citing app analytics firm AppMagic. Both Apple and Google take a cut of revenue generated by apps distributed through their stores.

"The fact that they are not adhering to their own policies, which are designed to protect people from non-consensual nude imagery and non-consensual pornography, raises a lot of questions about how they can present themselves as trusted app platforms," Paul said.

-- CNBC's Jonathan Vanian and Katie Tarasov contributed to this report

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Shares of NVIDIA Corp. (NASDAQ:NVDA) gained 2.53% over the past five trading sessions after gaining 1.59% the five prior. Still, since hitting its all-time high on Oct. 29., NVDA is down nearly 10%. Shares are up 57.46% over the past year.

When the company reported Q3 earnings on Nov. 19, 2025, it beat on the top and bottom lines when it announced record revenue of $57.0 billion and diluted earnings per share (EPS) of $1.30, both of which exceeded analyst expectations. Data center revenue was the primary growth driver, reaching a record $51.2 billion, which marked a 66% year-over-year increase. 

The last week of October 2025, NVIDIA became the first publicly traded company to surpass a market cap of $5 trillion. In July, the AI chipmaker became the first publicly traded company to hit a $4 trillion market cap in early July. That achievement came just one month after surpassing both Apple Inc. (NASDAQ:AAPL) and Microsoft Corp. (NASDAQ:MSFT) in market cap as members of the $3 trillion market cap club.

Over the past few years, AI has consistently fueled the largest gains for the market. And NVIDIA has been played a central role in that growth. The company is the premier manufacturer of components critical to the surge in AI; namely, semiconductors, microchips, and graphics processing units (GPUs). As a result, the Santa Clara, Calif.-based company has seen its stock skyrocket in the recent past. Over the past five years, shares have gained 1,316.57%, and since going public in January 1999, NVIDIA’s stock is up a preposterous 470,200%.

Despite those mind-boggling gains, analysts still expect significant upside potential in the medium and long term. 24/7 Wall St. has performed analysis to provide prospective investors and current shareholders with an idea of where NVIDIA’s stock might be headed over the course of the next five years.

NVIDIA’s Recent Stock Success Unless you have been living under a rock, chances are you have caught wind of the very well-documented and rather exponential surge in NVIDIA’s share price since 2022. But before 2022’s price-per-share explosion, it was steadily appreciating as it underwent a series of stock splits.a

Year Share Price* Revenue** Net Income** 2014 $0.51 $4.130 $0.588 2015 $0.82 $4.681 $0.800 2016 $2.67 $5.010 $0.929 2017 $4.88 $6.910 $1.851 2018 $3.24 $9.714 $3.085 2019 $5.98 $11.716 $4.143 2020 $13.06 $10.918 $3.580 2021 $29.64 $16.675 $6.277 2022 $14.61 $26.914 $11.259 2023 $49.52 $26.974 $8.366 2024 $134.29 $60.974 $29.76 2025 $186.50 TBD TBD *Post-split adjusted basis
**Revenue and net income in $billions

Over the course of the last decade, NVIDIA’s revenue grew by more than 553% while its net income increased by just over 1,323%. The company experienced a slight contraction in revenue and net income in 2020 due to the COVID-19 pandemic, but it rebounded soundly the following year and has continued to steadily grow both metrics since. Meanwhile, shares were able to increase by 9,610% from 2014 to 2023.

As the AI lynchpin and Magnificent Seven mainstay looks forward to the second half of the decade, 24/7 Wall St. has identified three key drivers that are likely to impact its growth metrics and stock performance through 2030.

Key Drivers of NVIDIA’s Stock Performance 1. Stronghold on the GPU Industry: No one makes GPUs like Nvidia makes GPUs, and the industry demanding them is well aware of that. While semiconductor competitors like Advanced Micro Devices Inc. (NASDAQ:AMD) and Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) do command some attention in their respective corners of the market, simply comparing the three companies’ market caps demonstrates the discrepancies between NVIDIA and, well, every other company. While Advanced Micro Devices and Taiwan Semiconductor Manufacturing have respectable market caps of $194.67 billion and $861.41 billion, respectively, those are dwarfed by NVIDIA’s $3.34 trillion.

2. Demand From Unrivaled Tech Customers: The company’s primary clientele are the other members of the Magnificent Seven, which are leading the way forward in the AI revolution. In fact, only four Big Tech rival companies — Alphabet Inc. (NASDAQ:GOOGL), Amazon.com Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META), and Microsoft — account for 40% of NVIDIA’s revenue as they vie with one another to become the front runner of the transition to generative AI.

3. The AI Trend Is Just Getting Started: According to Grand View Research, AI’s market size was $196.63 billion in 2023. But as large as that seems, it pales in comparison to where it is headed. From 2024 to 2030, the AI market is expected to grow at an astounding compound annual growth rate (CAGR) of 36.6%, with “continuous research and innovation directed by tech giants that are driving adoption of advanced technologies in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing,” according to Grand View Research’s report.

NVIDIA (NVDA) Price Prediction in 2026 The current consensus median one-year price target for NVIDIA, according to Wall Street analysts, is $263.11, which represents 41.10% potential upside over the next 12 months based on today’s share price. Of the 42 analysts covering NVIDIA, the stock receives a consensus “Strong Buy” rating, with 40 analysts rating the stock a “Buy,” one rating it a “Hold” and one rating it a “Sell.”

24/7 Wall St.‘s 2026 year-end forecast for NVIDIA is $300.14, or potential upside of 60.95% based on a projected EPS of $2.75 and a price-to-earnings (P/E) ratio of 50.

NVIDIA (NVDA) Financial Forecast 2026–2030 Year Revenue* Net Income* EPS 2026 $168.151 $95.246 $3.83 2027 $193.852 $108.182 $4.44 2028 $225.462 $130.155 $5.28 2029 $236.498 $152.001 $6.16 2030 $265.522 $175.412 $7.24 *Revenue and net income in $billions

NVIDIA Stock Price Target 2026–2030 By the conclusion of 2030, 24/7 Wall St. estimates that NVIDIA’s stock will be trading for $318.42, good for a 70.76% increase over today’s share price, based on an EPS of $7.24 and a P/E ratio of 50. Our high-end price target is $506.80 based on an EPS of $7.24 and a P/E ratio of 70. Meanwhile, our low-end price target is $217.20 based on an EPS of $7.24 and a P/E ratio of 30.

Year Price Target %Change From Current Price 2026 $300.14 60.95% 2027 $264.62 41.91% 2028 $304.32 63.20% 2029 $294.28 57.81% 2030 $318.42 70.76% The $1,500 Bonus That’s Almost Too Good To Be True Raisin is paying savers up to $1,500 in cash bonuses with code ‘HEADSTART’ just for opening and funding a new high-yield savings or CD account through its platform.

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CHANDLER, Ariz., Jan. 27, 2026 (GLOBE NEWSWIRE) -- Microchip Technology (Nasdaq: MCHP) has again expanded its maXTouch® M1 family of touchscreen controllers to bring reliable and secure touch detection to an even greater range of automotive displays, now covering free-form widescreen format displays up to 42 inches down to small compact screens in the 2 to 5 inch range. The ATMXT3072M1-HC and ATMXT288M1 products are designed to work with a wide variety of display sizes, while supporting emerging technologies such as Organic Light Emitting Diodes (OLEDs) and microLEDs.

The M1 controllers utilize Microchip’s proprietary Smart Mutual touch acquisition scheme and advanced algorithms to boost the touch Signal-to-Noise Ratio (SNR) by up to 15 dB compared to previous generations. Smart Mutual technology is engineered to deliver reliable touch detection even on integrated touch sensors exposed to high capacitive loads and significant display noise coupling. This capability is particularly critical for large, thin displays such as on-cell OLEDs, where embedded touch electrodes are subjected to higher capacitive loads and increased noise coupling, raising the risk of false or missed touch detections with other capacitive solutions.

“Fueled by evolving user expectations and the rise of software-defined vehicles, automotive cockpit displays are rapidly changing, and OEMs are pushing the boundaries in size, shape and technology to deliver more immersive and intuitive user experiences,” said Giovanni Fontana, director of Microchip’s human machine interface division. “This expansion of our maXTouch M1 family addresses the complexities of integrating touch into these next-generation displays, offering robust and secure touch detection for a diverse array of formats.”

The ATMXT3072M1-HC is designed for large, continuous touch sensor designs that cover both the cluster and center information display (CID), addressing the needs of left-hand and right-hand drive vehicles with a single hardware design. This can help eliminate the need for dedicated hardware designs by the OEM and simplify global automotive market support. The continuous touch sensor design maintains uniform optical properties regardless of the ambient lighting environment. The host-client ATMXT3072M1-HC solution appears as a single maXTouch device to the host MCU, streamlining system design by removing the need for an external MCU to merge touch coordinates; maXTouch client interaction is managed by the maXTouch host device.

For small screens, the ATMXT288M1 is designed to meet the increasing demand for compact automotive display solutions, such as traditional analog clocks and AI driver assistants, where physical space constraints are critical. A Thin Profile Fine-Pitch Ball Grid Array (TFBGA60) package delivers a 20 percent reduction in printed circuit board (PCB) area compared to the previous smallest automotive-qualified maXTouch product. Notably, the ATMXT288M1 is the first TFBGA package introduced in the M1 family, making it well suited for space-sensitive applications utilizing OLED/microLED technologies.

Visit the website to learn more about Microchip’s maXTouch M1 generation of touchscreen controllers.

Development Tools
ATMXT3072M1-HC and ATMXT288M1 touchscreen controllers are supported by Microchip’s maXTouch ecosystem including the maXTouch Studio Integrated Development Environment (IDE) for development and maXTouch Analyzer (MTA) for production line testing. Host software driver support is available for a variety of RTOS platforms, including Linux®, Android™, Windows®, AliOS, Automotive QNXT™ and Zephyr®.

Pricing and Availability
For pricing and sample orders please contact a Microchip sales representative or authorized worldwide distributor.

Resources
High-res images available through Flickr or editorial contact (feel free to publish):
·Application image: https://www.flickr.com/photos/microchiptechnology/55038326170/sizes/l/

About Microchip Technology:
Microchip Technology Inc. is a broadline supplier of semiconductors committed to making innovative design easier through total system solutions that address critical challenges at the intersection of emerging technologies and durable end markets. Its easy-to-use development tools and comprehensive product portfolio supports customers throughout the design process, from concept to completion. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support and delivers solutions across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. For more information, visit the Microchip website at www.microchip.com.

Note: The Microchip name and logo, the Microchip logo and maXTouch are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.

Editorial Contact:
Amber Liptai
480-792-5047
[email protected]

Ottawa, Ontario--(Newsfile Corp. - January 27, 2026) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today reported its financial results for the second quarter ended November 30, 2025. All figures are in Canadian dollars.

Q2 2026 Highlights:
(Compared to Q2 2025)

Revenue increased more than 18% to a record $10.2 million Adjusted EBITDAi increased 202% to $814 thousandNet income increased 2,133% to $618 thousandCash position of $2.0 million and working capital of $3.4 million at quarter endRepaid $130 thousand on bank term loan; balance negligible as at January 26, 2026Order backlogii at quarter end increased 16% to $15.0 millionOrder backlog as at January 26, 2026, was $21.5 millionOverview

"This was an excellent quarter, marked by all-time high revenue and gross profit, as well as a threefold increase in adjusted EBITDA," said William Crossland, Thermal Energy CEO. "The big story was the dedication and execution of our engineers, who delivered sooner than expected on some of our turnkey projects to achieve record quarterly heat recovery revenue and record quarterly revenue overall.

"Meanwhile, our order backlog is up significantly year-over-year, powered by increased demand for our proven solutions, including unprecedented HeatSponge order intake in the quarter and year-to-date. Historically, HeatSponge sales were sourced primarily from a network of independent manufacturers' representatives, or 'IMRs.' What's especially exciting is that the surge in HeatSponge orders isn't just coming from IMRs. It's being driven by our own sales team successfully targeting larger, more strategic opportunities. Their efforts are expanding the reach of this excellent product line and reinforcing our confidence in the long-term trajectory of the business.

"Finally, we have a strong balance sheet and are essentially free of bank debt after repaying $130 thousand on our term loan during the quarter. We are well-positioned for the remainder of the fiscal year and have lots of flexibility for executing our growth plans."

Summary Financial Results

In thousand except % data
Three months
ended
Nov. 30, 2025
Three months
ended
Nov. 30, 2024
Six months
ended
Nov. 30, 2025
Six months
ended
Nov. 30, 2024Revenue$10,188$8,671$17,038$17,140Gross profit$4,007$2,873$7,197$6,398Gross margin
39%
33%
42%
37%Operating expenses$3,249$2,643$6,121$5,722Net income $618$28$784$337Adjusted EBITDAiii$814$270$1,165$822Cash position $2,006$2,823$2,006$2,823Working capital $3,440$3,688$3,440$3,688Orders received$5,922$7,268$17,780$10,069Order backlogiv  as of November 30 $14,960$12,940$14,960$12,940Financial Review for the Second Quarter Ended November 30, 2025

Second quarter revenue grew over 17% year-over-year to a record $10.2 million. The increase was mainly due to increased revenues from heat recovery projects and GEM. Gross profit increased to a record $4.0 million, mainly due to increased revenues from both heat recovery projects and GEM.

Operating expenses increased by $605 thousand mainly due to one-time costs incurred in the quarter, including a $150 thousand restoration cost recognized for a leased space, a group incentive accrual of $200 thousand, and an investment in website design and digital scoping tool of $90 thousand. In addition, the salary and benefit costs were $110 thousand higher because less salary costs were charged to project costs under cost of goods sold in the second quarter this year compared to prior year.

Adjusted EBITDA increased 202% to $814 thousand and net income increased 2,133% to $618 thousand, compared to $270 thousand and $28 thousand respectively in the second quarter a year earlier.

At the end of November, cash and working capital balances were approximately $2.0 million and $3.4 million, respectively.

Financial Review for the Six Months Ended November 30, 2025

For the six months ended November 30, 2025, revenue decreased by $103 thousand. The decrease was mainly caused by decreased revenues from heat recovery projects, which were partially offset by higher revenues from GEM. Gross profit increased by $799 thousand because of the change in product mix and the improved margin on heat recovery projects.

Operating expenses increased by $398 thousand. The higher amount included a $150 thousand one-time restoration cost accrued for a leased space, an increase in group incentive cost of $140 thousand, $90 thousand invested in website design and data scoping tool, and $120 thousand in general inflationary cost increases. In addition, salary expenses increased because $94 thousand less salary costs were charged to project costs under cost of goods sold compared to prior year. Salary charged to projects is based on chargeable hours. The increase in operating expenses was offset by the increase in foreign exchange gains of $209 thousand compared to the first six months of last year.

Business Outlook and Order Summary

Orders received ("Order Intake") during the second quarter totalled $5.9 million, bringing the year-to-date total to $17.8 million. The Company ended the quarter with an order backlog of $15.0 million, up 16% from the $12.9 million at the end of the same quarter in the prior year.

The Company also received $6.5 million in new orders subsequent to quarter end, bringing the current order backlog to $21.5 million as of January 26, 2026. A list and description of recent order highlights is available on page 16 to 18 of the Management's Discussion and Analysis filed today.

Full financial results including Management's Discussion and Analysis and accompanying notes to the financial results are available on www.sedarplus.ca and investors-thermalenergy.com/en/financial-overview.

Notice of Earnings Call and Webcast

Management of Thermal Energy will host an earnings call and webcast today, January 27, at 8:30 am ET. A question-and-answer session will follow management's prepared remarks, at which time qualified equity analysts will be able to submit questions via the webcast.

The live webcast will be available at https://tinyurl.com/TMG2026Q2. You may join the webcast via MS Teams on your computer, mobile app or room device. Please join the webcast approximately 15 minutes prior to the earnings call to ensure adequate time for registration and admittance to the webcast.

For more information, including dial-in information (audio only), refer to the Company's press release from January 21, 2026.

Readers are encouraged to subscribe to TEI News to receive strategic news and updates directly to their inbox.

ENDS

For media enquiries contact:For investor enquiries: Thermal Energy International Inc.William Crossland Canada: 613-723-6776President and CEO UK: +44 (0)117 917 2179Thermal Energy International Inc. [email protected] 
[email protected] Notes to editors

About Thermal Energy International Inc.

Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to Fortune 500 and other large multinational companies. We save our customers money by reducing their fuel use and cutting their carbon emissions. Thermal Energy's proprietary and proven solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations while delivering a high return on investment with a short, compelling payback.

Thermal Energy is a fully accredited professional engineering firm with engineering offices in Ottawa, Canada, Pittsburgh, USA, as well as Bristol, UK, with sales offices in Canada, UK, USA, Germany, Poland, France, and Italy. By providing a unique mix of proprietary products together with process, energy, and environmental engineering expertise, Thermal Energy can deliver unique, site-specific turnkey and custom engineered solutions with significant financial and environmental benefits for our customers.

Thermal Energy's common shares are traded on the TSX Venture Exchange (TSX-V) under the symbol TMG and on the OTCQB under the symbol TMGEF. For more information, visit our investor website at https://investors-thermalenergy.com or company website at www.thermalenergy.com and follow us on Twitter at https://twitter.com/GoThermalEnergy.

Forward-Looking Statements

This press release contains forward-looking statements relating to, and amongst other things, based on management's expectations, estimates and projections, the anticipated effectiveness of the Company's products and services, the timing of revenues to be received by the Company, the expectation that orders in backlog will become revenue, the anticipated benefits of the Company's current efforts at training and business improvement efforts, opportunities for growth, the Company's belief that it can capitalize on opportunities, the size of markets and opportunities open to the Company and the impact of investments that the Company has made on the Company's ability to scale. Information as to the amount of heat recovered, energy savings and payback period associated with Thermal Energy International's products are based on the Company's own testing and average customer results to date. Statements relating to the expected installation and revenue recognition for projects, statements about the anticipated effectiveness and lifespan of the Company's products, statements about the expected environmental effects and cost savings associated with the Company's products and statements about the Company's ability to cross-sell its products and sell to more sites are forward-looking statements. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, some of which are outside of the Company's control, could cause events and results to differ materially from those stated. Fulfilment of orders, installation of product and activation of product could all be delayed for a number of reasons, some of which are outside of the Company's control, which would result in anticipated revenues from such projects being delayed or in the most serious cases eliminated. Actions taken by the Company's customers and factors inherent in the customer's facilities but not anticipated by the Company can have a negative impact on the expected effectiveness and lifespan of the Company's products and on the expected environmental effects and cost savings expected from the Company's products. Any customer's willingness to purchase additional products from the Company and whether orders in the Company's backlog as described above will turn into revenue is dependent on many factors, some of which are outside of the Company's control, including but not limited to the customer's perceived needs and the continuing financial viability of the customer. Volatility with respect to tariffs and trade regulation may continue and may impact the Company in ways not currently anticipated. The Company disclaims any obligation to publicly update or revise any such statements except as required by law. Readers are referred to the risk factors associated with the Company's business as described in the Company's most recent Management's Discussion and Analysis available at www.sedarplus.ca.

Non-IFRS Financial Measures

The Company believes the following non-IFRS financial measures provide useful information to both management and investors to better understand the financial performance and financial position of the Company.

EBITDA and Adjusted EBITDA

Management believes that EBITDA (earnings before interest, taxation, depreciation and amortization) and Adjusted EBITDA (EBITDA plus share-based compensation expense) are useful performance measures. The Adjusted EBITDA approximates cash generated from operations, before tax, capital expenditures and changes in working capital. Adjusted EBITDA also assists comparison among companies as it eliminates the differences in earnings due to how a company is financed. EBITDA and Adjusted EBITDA do not have a standardized meaning prescribed by International Financial Reporting Standards ("IFRS") and therefore may not be comparable to similar measures presented by other companies. There is no direct comparable IFRS measure for EBITDA or Adjusted EBITDA.

A reconciliation of net income to EBITDA and Adjusted EBITDA is shown below.

Three months ended
Six months ended

Nov 30, 2025
$
Nov 30, 2024
$
Nov 30, 2025
$
Nov 30, 2024
$
Total net income attributable to owners of the parent578,393
12,978
725,139
291,268
Total net income attributable to non-controlling interest39,529
14,694
58,505
45,876
Interest charge29,727
78,151
60,957
165,446
Interest revenue(4,836)(12,739)(10,757)(43,938)Income tax expense37,832
16,669
57,137
35,011
Depreciation and amortization72,148
94,687
150,352
198,112
EBITDA752,793
204,440
1,041,333
691,775
Share based compensation61,638
65,306
123,276
130,612
Adjusted EBITDA814,431
269,746
1,164,609
822,387
Order Backlog

Order backlog is a useful performance measure that Management uses as an indicator of the short-term future revenue of our Company resulting from already recognized orders. The Company includes in "order backlog" any purchase orders that have been received by the Company but have not yet been reflected as revenue in the Company's published financial statements. It is important to note that once an order or partial order is recorded as revenue, the order backlog is reduced by the amount of the newly reported revenue. Order backlog does not have a standardized meaning prescribed by International Financial Reporting Standards and therefore may not be comparable to similar measures presented by other companies.

For additional details on non-IFRS financial measures, please refer to the Company's most recent Management's Discussion and Analysis available at www.sedarplus.ca for more details about these non-IFRS financial measures.

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

i Adjusted EBITDA represents earnings before interest, taxation, depreciation, amortization, and share-based compensation expense. See note below about non-IFRS measures.
ii Order backlog represents any purchase orders that have been received by the Company but have not yet been reflected as revenue in the Company's published financial statements. See note below about non-IFRS measures.
iii Adjusted EBITDA represents earnings before interest, taxation, depreciation, amortization, and share-based compensation expense. See note below about non-IFRS measures.
iv Order backlog represents any purchase orders that have been received by the Company but have not yet been reflected as revenue in the Company's published financial statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281752

Source: Thermal Energy International Inc.

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American Airlines projected Tuesday that its focus on premium will "begin delivering results in 2026" as the carrier races to catch up to its far more profitable rivals and capitalize on strong demand from high-spending customers.

The Fort Worth-based airline projected it will deliver nearly $2 of improvement in adjusted earnings per share at the midpoint over last year.

American expects to earn 7% to 10% more revenue in the first three months of 2026 compared with 2025.

Here is how American performed in the fourth quarter compared with Wall Street estimates compiled by LSEG:

Earnings per share: 16 cents adjusted vs. a loss of 34 cents expectedRevenue: $14 billion vs. $14.03 billion expected"American Airlines is positioned for significant upside in 2026 and beyond," CEO Robert Isom said in a statement. "We have built a strong foundation, and we look forward to taking advantage of the investments we have made in our customer experience, network, fleet, partnerships and loyalty program."

The airline also said the government shutdown negatively impacted fourth quarter revenue by approximately $325 million.

American has been revamping its fleet, lounges and food and beverages to draw in customers who are willing to spend more on premium tickets and co-branded credit cards. Rivals Delta Air Lines and United Airlines are far in the lead, however, and account for almost all of the industry's profit.

Read more CNBC airline newsBoeing outsold Airbus last year for first time since 2018, deliveries rise to 600Allegiant to buy rival budget airline Sun Country in $1.5 billion cash and stock dealWhy airline class wars will intensify in 2026American Airlines no longer lets basic economy flyers earn miles

USA Rare Earth Today

$26.72 +1.95 (+7.87%)

As of 01/26/2026 04:00 PM Eastern

52-Week Range$5.56▼

$43.98Price Target$24.67

The United States government has moved from passive observer to active participant in the race for critical minerals. In the final week of January, the Department of Commerce announced a $1.6 billion financing package for USA Rare Earth Inc. NASDAQ: USAR (USAR). In a historic shift for industrial sector policy, the deal includes the government taking a direct equity stake in the company.

The announcement triggered an immediate, sharp division in the rare-earth sector. Shares of the newly validated challenger, USA Rare Earth, rose over 20% in intraday trading before settling at $26.72, a 7.87% gain by the close. Conversely, MP Materials Corp. NYSE: MP, the only scaled producer of rare earths in North America, saw its shares slide 8.95% to $63.35 as investors rotated capital toward the new government-backed favorite.

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This investment does more than just fund a mine; it creates a moat around the domestic supply chain backed by the U.S. Treasury. It de-risks the capital-intensive development of critical minerals and positions USAR as a top geopolitical play alongside the established leader, MP Materials.

$3.1 Billion: Bridging the Valley of Death USA Rare Earth Stock Forecast Today12-Month Stock Price Forecast:
$24.67
-7.68% Downside

Moderate Buy
Based on 7 Analyst Ratings

Current Price$26.72High Forecast$35.00Average Forecast$24.67Low Forecast$16.00USA Rare Earth Stock Forecast Details

Mining is a notoriously tricky business for public companies. Developers often face a valley of death, the treacherous period between discovering minerals and actually selling them. During this phase, companies burn through cash to build infrastructure without generating any revenue. Monday’s announcement effectively bridges that gap for USA Rare Earth, removing the bankruptcy risk that often plagues junior miners.

The government's $1.6 billion package is structurally unique. It consists of a $1.3 billion senior secured loan and $277 million in federal grants. Crucially, the agreement includes a provision for the U.S. government to acquire approximately 16.1 million shares and 17.6 million warrants, giving the American taxpayer a roughly 10% ownership stake in the company.

Investors received a second signal of confidence alongside the government news. USAR simultaneously announced it has secured an additional $1.5 billion in private capital through a Private Investment in Public Equity (PIPE) transaction. This deal was anchored by Inflection Point, bringing the total liquidity injection to over $3.1 billion.

This funding fully finances the company’s mine-to-magnet strategy. The capital will expedite two primary assets:

The Round Top Project (Texas): Commercial production has been accelerated to late 2028. The Stillwater Magnet Plant (Oklahoma): Commissioning of Line 1a is currently underway in Q1 2026, with an immediate capacity target of 1,200 metric tons per year. While MP Materials dominates the market for Light Rare Earths (NdPr) used in electric vehicles and wind turbines, the government chose USAR for a different strategic reason: Heavy Rare Earths. USAR’s Round Top deposit contains dysprosium and terbium. 

These heavy minerals are mandatory for high-temperature applications. Standard magnets lose their magnetism at high heat; magnets doped with dysprosium do not. This makes them essential for military hardware like F-35 fighter jets and missile guidance systems. With China currently controlling nearly 100% of the heavy rare earth supply, the government’s equity stake confirms USAR is the chosen entity to close this specific national security vulnerability.

The Incumbent’s Dilemma: Is MP Materials Now a Buy? MP Materials Today

MP

MP Materials

$63.35 -6.23 (-8.95%)

As of 01/26/2026 03:59 PM Eastern

52-Week Range$18.64▼

$100.25Price Target$78.91

While USAR celebrated, MP Materials faced significant selling pressure. Despite being the established leader with operational mines and a market capitalization of approximately $11.2 billion, MP stock fell nearly 9%.

Market analysts attribute this decline to sector rotation rather than a fundamental flaw in MP’s business. For the past several years, MP Materials has been the only viable public equity vehicle for investors seeking exposure to the North American rare-earth supply chain.

With the government’s massive validation of USA Rare Earth, capital flowed from the safe, established play (MP) to the high-growth play (USAR). Investors sold the winner to buy the new opportunity.

However, MP Materials remains the operational backbone of the sector. In its Q3 2025 earnings, the company reported revenue of $53.55 million, beating analyst expectations.

MP Materials Stock Forecast Today12-Month Stock Price Forecast:
$78.91
24.56% Upside

Moderate Buy
Based on 15 Analyst Ratings

Current Price$63.35High Forecast$112.00Average Forecast$78.91Low Forecast$69.00MP Materials Stock Forecast Details

Furthermore, MP holds its own government backing, having previously secured a $400 million investment from the Department of Defense and a price-floor guarantee for its products. This price floor protects MP’s margins against market volatility, a safety net that USAR does not yet have in operation.

Investors should note one cautionary point regarding sentiment. Regulatory filings indicate that CEO James Litinsky and CFO Ryan Corbett sold shares in late 2025 and January 2026. While insider selling often occurs for tax or personal liquidity reasons, sales executed during a period of high government support can signal to the market that leadership lacks conviction in near-term price appreciation.

Despite the insider activity, MP Materials presents a potential value opportunity. Trading at around $63, the stock is now well below its average analyst price target of $78.91. For investors, this pullback represents a discounted entry point into a company that is already producing metal and generating revenue, unlike the pre-revenue USAR. MP’s Independence Facility is producing metal today, and its magnet production commercial ramp-up is expected to continue in 2026. While USAR sells the dream of 2028, MP is delivering the reality of 2026.

A Duopoly of National Champions The United States is creating a bifurcated rare-earth market. On one side stands MP Materials, the industrial champion providing the light rare earths necessary for the high-volume electric vehicle economy. On the other hand, stands USA Rare Earth, the strategic champion providing the heavy rare earths critical for national defense.

The $1.6 billion check signed by the Department of Commerce validates the entire sector. By taking an equity stake, the government has signaled that failure is not an option for domestic supply chains. The moat protecting these companies is now backed by the full faith and credit of the United States.

Investors will look to the next set of data points to confirm this trajectory. USA Rare Earth is expected to report Q4 earnings on February 5, 2026, during which the market will look for updates on the Stillwater plant's commissioning. MP Materials follows with its report on February 19, 2026, where investors will look for proof that the company has returned to profitability as predicted. For the first time, investors have two distinct, government-backed options to play the critical mineral supercycle.

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The Burberry Group PLC (LSE:BRBY) turnaround is gaining traction, according to Barclays, as the British fashion house “checked all the boxes” in last week's trading update, delivering a second consecutive quarter of positive retail sales growth, including a return to growth in China

Barclays analyst Carole Madjo, who upgraded the luxury group to 'overweight' and raised the price target to 1,450p, said the update strengthened confidence that CEO Joshua Schulman's Burberry Forward strategy is working.

Burberry is now seen as an “attractive self-help play for 2026”, with momentum building in both revenue and earnings.

Scope for further upside is seen too, with the analyst forecasting that 2027 earnings per share 4% above current market consensus.

Burberry is well placed to benefit from the return of “aspirational consumers” in the US and China, Madjo added, noting the brand’s relative affordability compared to rivals and signs of improving brand desirability, including stronger Google Trends data.

Cost savings and operating leverage were also flagged as likely to support margin expansion, with estimated EBIT margins for 2026 still below the group’s long-term average.

Shares in Burberry, which have fallen around 30 per cent over the past year, rose 1% to 1,190p in early trading.

Madjo felt the recent weakness in the shares was an opportunity for investors, as the more advanced stage of Burberry's turnaround plan "makes it more likely to see topline and EPS upgrades in 2026 versus other players, and the share price performance is still down c.50% vs the level of 3 years ago, back when the brand had revenue of £3 billion (vs £2.4 billion of revenue today as per our FY26 estimates)."

The recent pullback, with shares down 8% in the year to date, versus the STOXX 600 up 3%, was highlighted as "an entry point allowing further upside in 2026".