Market Signal Briefing

XRP price started a fresh increase above $2.250. The price is now showing positive signs but faces a major hurdle near the $2.60 level.

XRP price is attempting a recovery wave above the $2.50 zone.
The price is now trading below $2.60 and the 100-hourly Simple Moving Average.
There is a key bearish trend line forming with resistance at $2.660 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could start a fresh decline if it settles below $2.70.

XRP Price Starts Recovery
XRP price found support and started a strong recovery wave above $2.0, like Bitcoin and Ethereum. The price was able to climb above the $2.20 and $2.25 levels to enter a positive zone.

There was a decent increase above the 61.8% Fib retracement level of the downward move from the $3.05 swing high to the $1.40 swing low. However, the price could face hurdles near $2.60. There is also a key bearish trend line forming with resistance at $2.660 on the hourly chart of the XRP/USD pair.

The price is now trading below $2.60 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.60 level.

Source: XRPUSD on TradingView.com
The first major resistance is near the $2.660 level and the trend line. It is close to the 76.4% Fib retracement level of the downward move from the $3.05 swing high to the $1.40 swing low. A clear move above the $2.660 resistance might send the price toward the $2.70 resistance. Any more gains might send the price toward the $2.720 resistance. The next major hurdle for the bulls might be near $2.80.

Another Decline?
If XRP fails to clear the $2.60 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.450 level. The next major support is near the $2.40 level.

If there is a downside break and a close below the $2.40 level, the price might continue to decline toward $2.320. The next major support sits near the $2.30 zone, below which the price could continue lower toward $2.250.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.

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

Major Support Levels – $2.450 and $2.40.

Major Resistance Levels – $2.60 and $2.660.

Leading cryptocurrencies rallied alongside stock futures Sunday overnight after President Donald Trump hinted at possible de-escalation of trade tensions between the U.S. and China.

CryptocurrencyGains +/-Price (Recorded at 9:35 p.m. ET)Bitcoin (CRYPTO: BTC)+4.91%$115,716.67Ethereum (CRYPTO: ETH)
               +11.68%$4,169.24XRP (CRYPTO: XRP)                         +8.76%$2.53Solana (CRYPTO: SOL)                         +13.90%$198.53Dogecoin (CRYPTO: DOGE)                         +13.69%$0.2080Bitcoin, Ethereum See Relief RallyBitcoin rebounded sharply to reclaim $115,000, following the ‘Black Friday' that wreaked havoc in the market.

Ethereum was up more than 11% on the day, recouping losses from the fateful day that dragged it to $3,500. XRP and Dogecoin also made sharp recoveries.

Cryptocurrency liquidations hit $630 million in the last 24 hours, with roughly $425 million in short positions erased, according to Coinglass. A whopping $19 billion was liquidated from the market on Friday.

Speculative interest was back, with open interest in BTC and ETH derivatives increasing by 8.12% and 13.1%, respectively, over the last 24 hours.

The market sentiment improved from "Extreme Fear" to "Fear," according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 9:35 p.m. ET)Synthetix (SNX)     +95.78%$1.824 (4)    
               +83.55%$0.1656Dash (DASH )          +40.43%$53.16The global cryptocurrency market capitalization stood at $3.90 trillion, following a jump of 6.3% in the last 24 hours.

Stock Futures Spike After Trump’s PostStock futures also bounced back overnight. The Dow Jones Industrial Average Futures jumped 365 points, or 0.80%, as of 8:53 p.m. EDT.  Futures tied to the S&P 500 climbed 1.22%, while Nasdaq 100 Futures added 1.72%.

Investors sensed signs of de-escalation between the U.S. and China after Trump said "it will all be fine" via his Truth Social. 

"The U.S.A. wants to help China, not hurt it," Trump said, days after threatening "massive" tariffs on the Asian nation and sparking global jitters about a U.S.-China trade war.

The three major indexes, the Dow, S&P 500 and the Nasdaq Composite, all ended Friday in the red. The S&P 500 declined 2.7%, registering its worst decline since April.

Stocks retreated from recent highs on Wednesday. The S&P 500 fell 0.28% to close at 6,735.11. The tech-heavy Nasdaq Composite dipped 0.08% to end at 23,024.63. The Dow Jones Industrial Average ended another day down, losing 243.36 points, or 0.52%, to close at 46,358.42.

‘A Massive Outlier’Widely followed cryptocurrency analyst and trader Michaël van de Poppe deemed the recent crash a "massive outlier and a very harsh drop."

The analyst indicated that Bitcoin needs to hold the support above $110,177 for continued bull market strength.

"It’s not the start of the bear market," Van De Poppe added. "I assume that the markets trend back up in the coming 1-2 days as the buying pressure and confidence slowly needs to come back in.

Ted Pillows, another popular cryptocurrency market observer on X, questioned the reliability of the Sunday overnight rally, calling it a "relief bounce."

"Tomorrow's stock market open will set the tone for the week, and the indicators look promising so far," Pillows stated.

Read Next:    

Pavel Durov Recently Revealed That Bitcoin, Not Telegram, ‘Funded’ His Lifestyle And Helped Him Stay ‘Afloat’: ‘I Believe In This Thing’
Photo Courtesy: Marc Bruxelle on Shutterstock.com

Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Bitcoin Cash (BCH) is showing renewed strength as it trades near the $600 level, signaling the possibility of a breakout on the 4-hour chart. After a period of consolidation, market data suggests that both retail and large-wallet investors are increasing their exposure to BCH, providing the momentum needed for a potential upward move.

Ethereum price started a fresh recovery above $4,000. ETH is now showing positive signs but faces a major resistance near the $4,250 level.

Ethereum started a recovery wave above the $4,000 and $4,100 levels.
The price is trading above $4,150 and the 100-hourly Simple Moving Average.
There was a break above a key bearish trend line with resistance at $4,100 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move up if it trades above $4,250.

Ethereum Price Starts Recovery
Ethereum price started a recovery wave after a massive selloff below $3,800, like Bitcoin. ETH price formed a base and was able to recover above the $4,000 level.

The price cleared the 50% Fib retracement level of the sharp decline from the $4,758 swing high to the $3,423 low. Besides, there was a break above a key bearish trend line with resistance at $4,100 on the hourly chart of ETH/USD.

Ethereum price is now trading above $4,150 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,200 level. The next key resistance is near the $4,250 level and the 61.8% Fib retracement level of the sharp decline from the $4,758 swing high to the $3,423 low.

Source: ETHUSD on TradingView.com
The first major resistance is near the $4,320 level. A clear move above the $4,320 resistance might send the price toward the $4,400 resistance. An upside break above the $4,400 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,450 resistance zone or even $4,500 in the near term.

Another Decline In ETH?
If Ethereum fails to clear the $4,250 resistance, it could start a fresh decline. Initial support on the downside is near the $4,120 level. The first major support sits near the $4,100 zone.

A clear move below the $4,100 support might push the price toward the $4,020 support. Any more losses might send the price toward the $3,950 region in the near term. The next key support sits at $3,880.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $4,020

Major Resistance Level – $4,250

The Ethereum (ETH) derivatives market is showing early signs of stabilization after a turbulent week that sent the funding rate on perpetual futures plunging to -14%. This rare negative rate means short traders are paying to keep their bearish positions open — an unsustainable setup that often signals extreme market fear. Speculation has mounted that some market makers or exchanges could be facing solvency risks, though no evidence confirms this yet. Still, traders are exercising caution until confidence fully returns.

Uncertainty remains about whether exchanges will reimburse users affected by cross-collateral and oracle pricing mismanagement. Binance has pledged $283 million in compensation, with further cases still under review. These developments, coupled with parity losses in wrapped tokens and synthetic stablecoins that cut margins by up to 50% within minutes, have amplified traders’ anxiety.

However, the market’s quick recovery offers relief. ETH monthly futures regained a neutral 5% premium within two hours, signaling resilience and suggesting that the lack of leveraged long demand stems more from structural inefficiencies than bearish sentiment. Market makers are expected to take time to rebuild confidence, but analysts warn this should not be mistaken for long-term weakness in ETH momentum.

Meanwhile, ETH options activity on Deribit remains stable, showing no spike in bearish demand. Trading volumes have stayed balanced between puts and calls, easing fears of a broader crypto crash. Ether’s comparative strength — supported by $23.5 billion in spot ETFs and $15.5 billion in options open interest — further highlights its dominance over rival altcoins like Solana, Avalanche, and Cardano, which suffered steeper declines.

With derivatives markets normalizing and institutional demand holding firm, Ether appears poised for a gradual recovery, potentially targeting the $4,500 resistance as market confidence rebuilds.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

The global cryptocurrency market has bounced back strongly, reclaiming the $4 trillion mark after a sharp sell-off that erased nearly $500 billion in value on Friday. Leading digital assets such as Ethereum (ETH), BNB, and Dogecoin (DOGE) posted double-digit gains of 10.5%, 13.6%, and 12.5%, respectively, according to CoinGecko data. Other top performers include Solana (SOL), Cardano (ADA), and Chainlink (LINK), all rising over 10%. Meanwhile, Synthetix (SNX) skyrocketed more than 100%, reaching a new 2025 high, while smaller-cap tokens like Mantle (MNT) and Bittensor (TAO) gained over 30%.

The recent crash, which saw Bitcoin (BTC) plunge from $121,560 to below $103,000, was triggered by U.S. President Donald Trump’s announcement of a 100% tariff on Chinese imports, targeting rare earth minerals critical for chip production. Additional volatility came from Binance’s temporary display glitch showing $0 prices for several altcoins and a brief depegging of the USDe synthetic dollar.

Market sentiment shifted upward after Trump reassured investors, saying “not to worry about China,” which spurred renewed buying momentum. Bitcoin now trades around $115,585 — still 4.9% below pre-crash levels — but analysts remain bullish. Market expert Mister Crypto noted that Bitcoin is “retesting the golden cross,” a historically bullish signal that preceded massive rallies in 2017 and 2020. Traders like Alex Becker and Samson Mow believe this could mark the beginning of the next major bull cycle.

Institutional investors also seized the opportunity. BitMine Immersion Technologies purchased 128,700 ETH worth about $480 million post-crash, while Strategy executive chairman Michael Saylor hinted at a Bitcoin accumulation, posting “Don’t Stop ₿elievin’” on X. With optimism returning, many in the crypto community believe Bitcoin could still surge toward the $200,000 mark before 2025 ends.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Bitcoin has once again demonstrated its resilience despite the recent downturn in the cryptocurrency market. While most altcoins suffered double-digit losses, Bitcoin’s decline remained contained at less than 10%, showcasing its dominance and fundamental stability. The leading cryptocurrency’s ability to hold above the critical $110,000 mark underscores its structural strength, even as it retraced from a local high of $124,000.

Technical indicators support Bitcoin’s enduring bullish outlook. The 200-day moving average, positioned around $107,900, continues to act as a solid support zone—historically serving as a strong rebound level during prior corrections. Both the 50-day and 100-day moving averages are trending upward, maintaining a medium-term bullish bias. Meanwhile, Bitcoin’s RSI reading between 41 and 59 reflects consolidation rather than a breakdown, signaling that momentum has cooled without turning bearish.

Bitcoin’s performance remains impressive amid global financial turbulence. Despite equity drawdowns and trade tensions weighing on risk assets, Bitcoin continues to serve as a relative safe haven in the crypto space. Its smaller pullback compared to Ethereum, Shiba Inu, and other high-volatility tokens reinforces its status as the market’s “digital gold.”

For investors, the key takeaway is clear: Bitcoin remains the benchmark of stability in the cryptocurrency sector. Analysts suggest focusing on support levels between $108,000 and $107,000 and potential recovery targets around $118,000 to $122,000 during dips. Volume data also reveals significant accumulation near these ranges, indicating confidence among long-term holders.

Ultimately, Bitcoin’s moderate decline represents a pause in its ongoing uptrend—not a collapse. As the broader crypto market struggles, Bitcoin’s resilience continues to prove why it remains the foundation of the digital asset ecosystem.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

U.S. President Donald Trump has quietly become one of the world’s largest Bitcoin (BTC) holders, according to a new Forbes report. Despite a steep downturn in the crypto market, Trump’s indirect Bitcoin exposure—valued at approximately $870 million—positions him among the top global Bitcoin investors.

Trump’s crypto fortune stems from his 41% stake in Trump Media & Technology Group (TMTG), the parent company of Truth Social. Earlier this year, TMTG reportedly raised $2.3 billion through debt and stock offerings, using most of the funds to purchase $2 billion worth of Bitcoin. This aggressive move echoes MicroStrategy’s well-known corporate Bitcoin strategy and signals a major pivot for Trump Media—from social media to crypto asset management.

The decision marks a sharp reversal for Trump, who once criticized Bitcoin as “highly volatile” and “based on thin air.” Now, as President once again, Trump’s administration has introduced blockchain-focused policies and initiatives like the GENIUS Act, designed to foster U.S. leadership in cryptocurrency innovation and blockchain technology.

Despite the ongoing market volatility, Bitcoin’s price has risen about 6% since Trump Media’s massive acquisition, helping offset declines in the company’s valuation. Forbes notes that Trump’s Bitcoin holdings now represent the strongest component of his company’s balance sheet.

Trump’s growing involvement in crypto not only reflects his evolving financial strategy but also highlights the intersection of political power and digital finance. His presence among top Bitcoin billionaires such as Michael Saylor, the Winklevoss twins, and Tim Draper underscores how deeply digital assets are reshaping global wealth and influence.

As Bitcoin weathers one of its most turbulent periods, Trump’s massive stake could redefine both his financial legacy and the political landscape surrounding cryptocurrency regulation in the United States.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Grayscale Investments has taken another major step toward expanding its lineup of crypto investment products, this time spotlighting the AI-powered blockchain Bittensor (TAO). The company recently filed a Form 10 registration with the U.S. Securities and Exchange Commission (SEC) for its Grayscale Bittensor Trust (TAO), signaling its intent to make TAO more accessible and transparent for investors.

The filing seeks to reduce the private placement holding period from 12 months to six, allowing early investors quicker liquidity and paving the way for institutional participation. If approved, the trust will become an SEC-reporting entity under Section 12(g) of the Exchange Act—requiring regular filings like 10-Ks and 10-Qs. This would align Bittensor with established products such as Grayscale’s Bitcoin (GBTC), Ethereum (ETHE), and Solana trusts.

Once effective, Grayscale aims to list the Bittensor Trust shares on OTC Markets, a move that would enhance visibility and liquidity. More importantly, it positions TAO a step closer to becoming a fully-fledged exchange-traded product (ETP), potentially inviting a surge of institutional and retail investors. Bittensor already dominates the DePIN (Decentralized Physical Infrastructure Network) sector, commanding around 33% of total market attention.

On the technical front, TAO’s price chart is forming a falling wedge pattern—typically a bullish reversal indicator. A confirmed breakout above $402.3, and especially beyond $499.6, could trigger a strong rally targeting a 236% upside, with potential to surpass its April 2024 all-time high of $1,248 and reach $1,353. With the RSI at 63 and bullish volume signals strengthening, momentum appears to be on TAO’s side.

However, if resistance persists and the price drops below $219.6, TAO could revisit lows near $130.3. Still, Grayscale’s strategic move may redefine Bittensor’s trajectory, potentially cementing it as the next major institutional-grade AI crypto asset.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Journalist

Posted: October 13, 2025

Key Takeaways
Is TRX fundamentally weak?
Network Activity and Exchange Balances showed no panic selling, leaving room for a potential short-term recovery.

What does the relative strength of TRX/BTC imply?
TRX/BTC gained while other leading assets’ BTC pairs fell, showing relative TRON resilience. However, investors should remain cautious.

TRON [TRX] dropped to a swing low of $0.30 on the 11th of October, falling 10.98% during Friday’s sell-off.

The Coin Days Destroyed (CDD) showed little onchain TRX movement, meaning the price movement was driven mostly within exchanges. This idea is supported by reports that tokens not listed on centralized exchanges didn’t crash as hard.

Whatever the exact reason that drove such a violent dump for altcoins, holders and survivors must make their next plans.

TRX holds ground while peers bleed
In a post on CryptoQuant Insights, analyst CrazzyBlockk observed that TRON was an exception during the severe, widespread sell-off. Other leading crypto assets like Ethereum [ETH] and Solana [SOL] saw their value fall quickly relative to Bitcoin [BTC].

This is evident in the chart that compares the performance of BTC pairs for TRX, ETH, and SOL.

On the 11th of October, TRX/BTC gained 2.1% with ETH/BTC falling 3.86% and SOL/BTC dropped by 8.27%.

Source: TRX/BTC on TradingView

Investors and traders should remember that the TRX/BTC pair still has a bearish structure on the 1-day chart and was at a key support level stretching back to late July.

Of course, the strength against Bitcoin compared to other leading assets is encouraging, but caution is warranted.

TRON resilience in the face of panic

Source: TRX/USDT on Trading View

In a recent report, AMBCrypto explained why a bullish breakout to $0.37 was likely.

Despite the sell-off, the $0.3 support had been defended. As the daily chart overhead showed, this support level had been in place since July.

The bearish structure on the daily chart was confirmed when TRX was unable to climb above $0.353 (white), and was forced to drop below the $0.33 low set on the 2nd of October.

Both the 20-day and 50-day EMAs tilted downward, and the Money Flow Index (MFI) stayed below 50, showing momentum favored sellers. And so, a drop below $0.3 could usher in the next leg lower.

Weekly outlook still favors long-term holders
Though the structure was bearish on the daily timeframe, it was bullish on the weekly timeframe. Hence, swing traders should not be rushing to go short.

In a post on CryptoQuant Insights, analyst Darkfost drew attention to the fact that TRON was only 12.57% shy of its all-time high.

Since the market correction in March, TRX hasn’t seen a drawdown of over 10% till October. This reflected the altcoin’s resilience, according to the analyst.

In fact, even after Friday’s wipeout, TRX’s broader market stability contrasts sharply with weaker Layer-1 assets.

Traders are watching Bitcoin’s next move, as BTC’s action on the 13th of October could dictate short-term direction. If BTC stabilizes, TRON may quickly recover toward the $0.33–$0.35 zone.

3h09 ▪
5
min read ▪ by
Eddy S.

Summarize this article with:

In 24 hours, 20 billion dollars of positions were liquidated, an absolute record. Triggered by US tariffs on China, this crash on October 10-11, 2025 revealed the flaws of crypto exchanges like Binance, Bybit and Hyperliquid. Traders denounce technical malfunctions and call for urgent regulation.

In brief

A historic crypto crash triggered by Trump tariffs on China shattered records, with Hyperliquid, Bybit and Binance leading the losses.
Technical malfunctions, token depegs (USDe, WBETH) and excessive leverage (100x) amplified the crisis, pushing traders to demand urgent regulatory investigations.
Binance announced paying 283 million dollars in compensation to crypto users.

An unprecedented crash in crypto history
The October 2025 crypto crash will certainly go down in history. Indeed, between the 10th and 11th, many exchanges suffered billions of dollars in capitalization losses. Notably:

Hyperliquid, which recorded 10.31 billion dollars in liquidations;
Bybit, 4.65 billion dollars in liquidations;
Binance, 2.41 billion dollars in liquidations.

These figures exceed those of the FTX crisis or the 2020 crash. The trigger? Donald Trump�s announcement of a 100% increase in tariffs on China, which created chaos.

Donald Trump announces a 100% increase in tariffs on China.
To make matters worse, an explosive mix hit the crypto market: ultra-leveraged positions (up to 100x), token depegs like USDe and WBETH, and extreme volatility. Traders, trapped, saw their accounts evaporate in a few hours! Some exchanges even temporarily froze withdrawals on their platform.

Crypto exchanges under fire
Binance, Bybit and Hyperliquid are accused of worsening the crisis through technical malfunctions. Many testimonies abound: unexecuted orders, frozen interfaces, prices detached from the market. Kris Marszalek, CEO of Crypto.com, demanded an investigation into their management of the crash, highlighting potentially misleading practices.

Hyperliquid, less known but leader in liquidations, is particularly scrutinized. Binance, despite its giant status, did not escape criticism, notably after the depegs of tokens on its crypto platform.

Binance compensates 283 million dollars: a historic first
On October 12, 2025, Binance announced paying 283 million dollars in compensation to crypto users affected by the depegs of three major assets: USDe (Ethena), BNSOL (Binance Solana) and WBETH (Wrapped Beacon ETH). This compensation was distributed in two waves to traders impacted between 21:36 and 22:16 UTC on October 10, as well as to those who suffered losses during internal transfers or redemptions via Binance Earn.

Binance announces paying 283 million dollars in compensation to crypto users.
According to Binance, the depegs — such as the drop of USDe to $0.66 — occurred after the crash, not before, ruling out rumors of a targeted attack. However, the crypto exchange admitted major technical flaws:

Obsolete limit orders (sometimes dating back to 2019) exacerbated the drop of tokens like ATOM;
A display issue made it appear that some assets completely crashed to 0 dollars (e.g., IOTX/USDT) due to a reduction in decimals allowed for price movements;
Speculation persists about exploitation of internal oracles (via the “Unified Account” system) before the switch to external oracles planned for October 14, which could have amplified price discrepancies.

To prevent new incidents, Binance has promised:

Integration of buyback prices into benchmark indices;
A price floor for USDe;
A review of liquidation mechanisms.

The responsibility of crypto exchanges: protect or compensate?
The massive liquidations of October 2025 highlighted a key issue: should crypto exchanges just compensate after crises, or do they have the obligation to prevent them? Binance, by reimbursing 283 million dollars, set an example, but this compensation must not mask the technical and organizational failures at the origin of the problem. Especially since bitcoin and ethereum suffered colossal losses, while more than 1.6 million traders were affected, some losing millions within minutes.

Platforms thus have a dual responsibility: securing users’ funds and ensuring market stability. This involves:

Regular audits;
Circuit-breaker mechanisms;
Limitation of excessive leverage.

Regulators, such as the SEC in the United States or the AMF in Europe, will have to impose strict rules to avoid repeated scandals. Investor confidence will now depend on the ability of crypto exchanges to combine innovation and protection, otherwise new crises could arise.

This crash marks a turning point for the crypto industry. Exchanges, once untouchable, are now under pressure. Calls for regulation grow louder, but answers are slow. Trust, once lost, is hard to rebuild. If authorities don’t respond quickly, traders might turn to more transparent alternatives… or leave the market. One question remains: can centralized exchanges still be trusted after such a fiasco?

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

Join the program

A

A

Lien copié

Eddy S.

The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

US Government Shutdown: A Persistent Headwind
The US Senate impasse continued through the weekend, extending the US government shutdown to 13 days on Monday, October 13. Crucially, the next Senate vote is unlikely before Tuesday, October 14. A prolonged government shutdown could weigh on XRP and the broader market.

Why Capitol Hill Matters for Traders
The SEC has been operating with a skeleton staff since the government shutdown, delaying the approval of the recently refiled S-1s for XRP-spot ETFs. Markets have reacted negatively to a potential delay of institutional money inflows. XRP dropped 1.5% from October 1 to October 9, before the flash crash, and is down 11% from October 1 to date, despite the easing US-China trade tensions.

Betting platform Kalshi predicts the US government shutdown will last 33.4 days, edging close to the 35-day shutdown in 2018-2019, the longest in US history. XRP-spot ETFs are unlikely to receive an SEC greenlight until November if the US government shutdown extends beyond this week.

In addition to delayed XRP-spot ETF approvals, a prolonged shutdown may trigger stagflation fears and test buyer demand for risk assets. The 2018-2019 shutdown shaved 0.4 percentage points off US GDP. With elevated inflation and a cooling labor market, a sharp economic slowdown would likely weigh on retail and institutional demand for XRP.

On the other hand, XRP could retarget the psychological $3 level if the Senate passes a stopgap funding bill in the coming days.

Price Action & Technical Analysis: Will XRP Hold $2.5?
XRP rallied 6.1% on Sunday, October 12, following the previous day’s 0.45% gain, closing at $2.5317. The token outperformed the broader market, which climbed 5.57%. Despite reclaiming the $2.5 handle, XRP continued to trade below the 50-day and 200-day Exponential Moving Averages (EMAs), signaling a bearish bias.

Key technical levels to watch include:

Support levels: $2.5, $2.0, and $1.9.
Technical resistance levels: the 200-day EMA at $2.6346 and the 50-day EMA at $2.8577.
Resistance levels: $2.7 and $3.0.

Catalysts & Scenarios
In the coming sessions, several key scenarios could influence near-term price trends:

US-China trade developments.
The US government shutdown.
XRP ETF headlines (delays or launches) and BlackRock’s stance on an iShares XRP Trust.
Blue-chip companies show interest in XRP as a treasury reserve asset.
Regulatory milestones: Ripple’s application for a US-chartered bank license, the Market Structure Bill, and SWIFT-related news could also drive near-term price trends.

Bearish Scenario: Risks Below $2.5

BlackRock dismisses plans for an XRP-spot ETF.
US Senate impasse continues, delaying XRP-spot ETF approvals.
Lawmakers challenge crypto-friendly regulations, including the Market Structure Bill.
Blue-chip companies dismiss XRP as a treasury reserve asset.
OCC delays or rejects Ripple’s US-chartered bank license.
SWIFT retains market share in the global remittance market, limiting Ripple’s market access.

These bearish scenarios could push XRP below $2.5, exposing XRP to the psychological $2 level.

Bullish Scenario: Path to $3

US and China trade tensions ease.
Senate passage of a stopgap funding bill.
BlackRock files an S-1 for an iShares XRP Trust, and the SEC approves XRP-spot ETFs.
Blue-chip companies buy XRP for treasury purposes, and more payment platforms adopt Ripple technology.
Ripple secures a US-chartered bank license, and the Senate passes the Market Structure Bill.
SWIFT loses global remittance business market share to Ripple.

These bullish scenarios could drive XRP to $2.7, enabling the bulls to target the psychological $3 level.

Even after a strong rally, these two storied tech franchises are some of the most compelling AI bets today.

While optimism surrounding the artificial intelligence (AI) buildout was already strong, a slew of big partnership announcements last month, mostly involving AI leader OpenAI, led most chip and cloud stocks to surge even higher in September.

At these higher valuations, picking new AI stocks is a bit trickier. But there are still opportunities in high-quality, defensive AI stocks, as well as laggard turnarounds that still have AI upside.

The following two storied names embody both defensive and aggressive bets on the AI revolution today.

Microsoft
Microsoft (MSFT -2.17%) is a leader in enterprise software, cloud computing, and PC operating systems, along with other cash-generative businesses like LinkedIn and Xbox.

Microsoft's diversified portfolio of profitable growth businesses gives it the cash flow to compete strongly in artificial intelligence. And while the generative AI boom is potentially disruptive to even the large tech giants, it's more likely the forward-thinking Microsoft and visionary CEO Satya Nadella will find ways to benefit from the AI transition.

After all, Microsoft was an early investor in OpenAI, the leading AI model-builder, which in some ways is attempting to compete with Microsoft's enterprise software business. But even if that happens to an extent, Microsoft's stake in OpenAI would appreciate in value, somewhat offsetting the threat.

Meanwhile, Microsoft has made a few bullish "leaks" of late. According to a recent Bloomberg piece citing anonymous internal sources, Microsoft management apparently believes its data center capacity will be constrained for longer than previously anticipated.

Not having enough data center capacity to meet demand seems like a "good" problem to have, and suggests the growth outlook for Microsoft's Azure cloud unit should be strong for years.

Meanwhile, another Microsoft executive recently hinted at something bigger perhaps bubbling under the surface -- Microsoft's in-house AI chip efforts. Microsoft is seen as somewhat of a laggard in designing its own in-house AI accelerators, something its rivals have been at for a longer time. In recent years, cloud giants have been designing their own silicon in order to wean themselves off higher-priced Nvidia and Advanced Micro Devices graphics processing units (GPUs).

However, Microsoft Chief Technology Officer Kevin Scott recently said Microsoft's goal is to use "mainly" its own chips going forward, adding that Microsoft is using "lots of Microsoft" silicon today. If Microsoft gets its in-house chip efforts on par with or better than rivals, look for its cloud and AI gross margins to increase even more.

Intel
While most AI-related chip stocks are at or near their all-time highs, Intel (INTC -3.78%) has been a notable laggard. The stock has recently doubled off its April lows, but Intel's stock still remains about 50% below all-time highs, and trades at a fraction of the market cap of other AI winners.

But this summer, a turnaround began brewing, as Intel attracted the investment of the U.S. government, Softbank, and Nvidia, which all put billions of dollars behind the U.S. chipmaker.

Perhaps more importantly, Intel just hosted journalists at its new high-tech semiconductor manufacturing plant, Fab 51, in Arizona last week. There, it introduced the first two products to be produced at the new fab: Panther Lake, a new PC CPU, and Clearwater Forest, the power-efficient data center CPU, which should start shipping in early 2026.

The event was important, as it was the formal unveiling of Intel's all-important 18A node, the manufacturing node where Intel hopes to catch up to Taiwan Semiconductor Manufacturing in process technology. The node features two new important innovations: gate-all-around (GAA) transistors and backside power. At the tour, Intel said 18A's current manufacturing defect density was at its lowest point in its development, and that the node would be ready for high-volume manufacturing before the year is out.

That's extremely notable, as many in the press have downplayed 18A, with various outlets peddling rumors of low yields and questions over performance. But if Intel can achieve high-volume manufacturing this quarter at good yields, it will match TSMC's schedule for its 2nm-class chips, which should also begin high-volume manufacturing soon. And while TSMC chips will have GAA transistors, they won't have backside power. So it's possible for some applications, Intel may actually be ahead of TSMC in 2026.

And Intel will certainly be ahead of TSMC in terms of U.S.-based chip manufacturing. Despite TSMC having pledged billions and billions to build U.S.-based fabs, it isn't anticipated to bring even its 3nm chip technology to the U.S. until 2027, let alone 2nm, which is supposed to arrive the following year. That means if there is geopolitical strife between China and Taiwan at any point over the next few years, Intel's importance would only grow -- perhaps exponentially.

With the backing of the U.S. government and now potentially having a leading process once again, Intel is a turnaround story to bet on, even after its recent surge.

Billy Duberstein and/or his clients have positions in Intel, Microsoft, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Advanced Micro Devices, Intel, Microsoft, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft, short January 2026 $405 calls on Microsoft, and short November 2025 $21 puts on Intel. The Motley Fool has a disclosure policy.

A track record of innovation, strong tailwinds, and an industry-leading position could drive this household name to new highs.

The name James Anderson might not ring any bells with U.S. investors, but his track record and investing acumen are well documented. The legendary investor was a rock star at Scottish investment management firm Baillie Gifford for more than 40 years. He was in charge of the premier Scottish Mortgage Investment Trust for over two decades, generating returns of more than 1,700% during his term.

Anderson secured his legacy early on, recognizing the dramatic growth potential of then early stage companies, including Netflix, Amazon, Tesla, and Nvidia (NVDA -4.84%), delivering considerable profits for investors along the way. Given his track record, when Anderson talks, investors should listen.

Most experts agree that the adoption of artificial intelligence (AI) is still in its early stages, and if the trend continues, Nvidia's market cap could surge to as much as $50 trillion by 2035, according to Anderson. While that might seem improbable on its face, Anderson's reasoning is worth a look.

Image source: Nvidia.

Dominating the space
The dawn of generative AI in early 2023 created a windfall for Nvidia. The company pioneered the graphics processing units (GPUs) that quickly became the gold standard for AI. Nvidia rode the unprecedented demand for its chips to become the world's largest publicly traded company, valued at $4.58 trillion (as of this writing).

After two successive years of triple-digit year-over-year sales growth, Nvidia's results have begun to moderate but are still enviable by any standard. In its fiscal 2026 second quarter (ended July 27), Nvidia generated revenue that grew 56% year over year to a record $46.7 billion, while diluted earnings per share (EPS) of $1.08 jumped 61%.

Yet this could be just the beginning. The AI market is projected to be worth as much as $15.7 trillion by 2030, according to data compiled by "Big Four" accounting firm PricewaterhouseCoopers (PwC). The report suggests "AI is still at a very early stage." If Nvidia earns just a small slice of that total opportunity, sales and profits could continue to surge, resulting in a windfall for the chipmaker and its shareholders.

Anderson estimates the data center market, where most AI processing is conducted, is poised to grow 60% annually. If Nvidia's profit margin holds steady and the adoption of AI continues at its current pace over the next 10 years, Anderson estimates that Nvidia would deliver EPS of $1,350 and free cash flow of $1,000 per share. That would drive the stock price to about $20,000, pushing its market cap to roughly $49 trillion.

Despite increasing competition, Nvidia currently dominates the data center GPU space, commanding 92% of the market, according to IoT Analytics. Anderson points out that the company's "persistent exponential progress, the competitive advantages in hardware and software, and the culture and leadership are exactly what we look for."

The fine print
Make no mistake, plenty of things will have to go right for Nvidia to reach this astonishing benchmark, and there will be a lot of obstacles along the way. Demand for AI could falter, a rival chipmaker could "invent a better mousetrap," so to speak, or the economy could go south -- and these are just a few examples of the challenges that could arise.

Even Anderson admits that this "isn't a prediction but a possibility if artificial intelligence works for customers and Nvidia's lead is intact." When asked about the potential for the stock to reach these meteoric heights, Anderson puts the odds at between 10% and 15%.

However, investors shouldn't miss the forest for the trees. "It is the long duration of the development of [GPU] usage in AI -- and not just AI -- from excitement, through potential pauses, to transformation of industries that is most important to us," Anderson said.

There's also the matter of Nvidia's valuation. The stock has a price-to-earnings (P/E) ratio of roughly 54, compared to a multiple of 31 for the S&P 500. However, at less than 30 times next year's expected earnings, I'd submit it's an attractive price to pay, particularly given the magnitude of the opportunity.

Even if Nvidia doesn't hit a $50 trillion market cap over the next 10 years, all the available evidence suggests Anderson's thesis is directionally accurate. Furthermore, CEO Jensen Huang has proven particularly adept at identifying opportunities before they materialize and positioning Nvidia for future success. Given his track record, I wouldn't bet against him.

That's why I believe Nvidia stock is still a buy.

Danny Vena has positions in Amazon, Netflix, Nvidia, and Tesla. The Motley Fool has positions in and recommends Amazon, Netflix, Nvidia, and Tesla. The Motley Fool has a disclosure policy.

Australia's fourth-largest bank by market capitalization has scrapped its share buyback and plans to invest in mortgage and commercial bankers as its new CEO tries to boost productivity and returns.

LOS ANGELES--(BUSINESS WIRE)--Palantir Technologies Inc. Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights – PLTR.

These two recent IPOs have tremendous growth potential.

After languishing in a deep freeze over the past few years, the market for initial public offerings (IPOs) is finally gaining steam. In recent months, several companies have gone public, seizing the opportunity to meet the growing investor demand for newly listed shares.

I've closely watched the pre-IPO market, waiting for the opportunity to buy shares of some compelling companies. I recently invested in two standout companies: ServiceTitan (TTAN -2.87%) and Klarna Group (KLAR -5.71%). Here's why I bought these hot IPO stocks.

Image source: Getty Images.

A huge market opportunity
ServiceTitan completed its IPO late last year. The company provides cloud-based software to contractors working in the trades industry, including heating and air-conditioning, plumbing, and electrical service providers.

One of the things that drew me to ServiceTitan is the huge opportunity for its software. The trades industry is enormous, with businesses in the U.S. generate an estimated $1.5 trillion in annual revenue. ServiceTitan currently offers software that could serve companies generating about $650 billion in annual revenue.

However, its current collection of customers only produces about $75 billion in revenue. This means the company currently addresses just a small slice of the market, providing ample room for expansion as it brings more businesses onto its platform and extends its services into added trades.

The company currently generates less than $900 million in annual revenue. With a fully deployed platform, it estimates that revenue from existing customers could hit $1.5 billion. Looking ahead, it sees a $13 billion opportunity with its current platform, and more than $30 billion in annual revenue potential as it expands into new trades and markets.

The company is actively capitalizing on this opportunity. Revenue grew 25% in its fiscal second quarter of 2026 to $242 million. Retaining existing customers and expanding those relationships helped drive growth, as evidenced by its net dollar revenue retention of over 110%. It hasn't yet achieved profitability under generally accepted accounting principles (GAAP), but its free cash flow rose over 83% in the period to $34.3 million.

I believe ServiceTitan can continue to grow rapidly for years to come, given its substantial untapped market and expanding customer base. This significant opportunity presents a long path to increasing revenue, which is why I believe it could deliver robust returns in the coming years.

An AI-powered fintech leader
Klarna Group just completed its long-awaited IPO last month. The Swedish financial technology company enables consumers to make buy now, pay later (BNPL) purchases. It also actively leverages artificial intelligence (AI) to boost productivity and enhance its services.

The company is capitalizing on several trends to build a unique commerce network. Consumers are increasingly using digital payments to process transactions.

At the same time, they're shifting away from credit cards and have low trust in banks. That's enabling Klarna to bridge the gap between consumers and merchants with a digital solution for payments and banking built on its proprietary AI-powered technology.

Klarna makes money from payments and advertising, which are huge and growing market opportunities. The current addressable market for its payments offering is $520 billion. It has a tiny sliver of that market (0.6%).

Management estimates that there's over $100 billion of growth ahead in its existing markets and a more than $400 billion expansion opportunity in potential new markets. Meanwhile, the digital advertising market is $570 billion. The company has an even smaller slice of this (0.03%), which it sees growing to $735 billion in the coming years.

The business is growing rapidly and now serves 790,000 merchants (a 34% year-over-year increase in the second quarter) and supports 111 million active customers (a 31% increase). This expanding user base helped drive a 20% boost in revenue to $823 million.

With two huge addressable markets, Klarna appears to have significant long-term potential. The small share of both the payment and digital advertising markets that it currently holds suggests there's plenty of room to deliver rapid revenue growth as it continues to expand into new sectors. This growth potential could enable the company to generate strong returns in the coming years.

Two potential game changers
I believe ServiceTitan and Klarna have tremendous opportunities, and both companies are using their proprietary technology to capitalize on it. I expect that they could deliver game-changing returns, which makes me excited to finally add these recent IPOs to my portfolio.

Matt DiLallo has positions in Klarna Group and ServiceTitan. The Motley Fool has positions in and recommends Klarna Group. The Motley Fool recommends ServiceTitan. The Motley Fool has a disclosure policy.

CENTENNIAL, CO / ACCESS Newswire / October 12, 2025 / NioCorp Developments Ltd. ("NioCorp" or the "Company") (NASDAQ:NB) today provided its preliminary unaudited financial results for the three-month period ended September 30, 2025.

LOS ANGELES--(BUSINESS WIRE)--Trinseo PLC Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights – TSE.

NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group, Inc. (NYSE: JEF) (“Jefferies”) announced today that is has posted this letter from our CEO, Rich Handler, and our President, Brian Friedman:

Dear Clients, Stakeholders and Friends of Jefferies,

Since the circumstances surrounding First Brands have resulted in articles and snippets that mention Jefferies (in many cases, with inaccurate or conflated allegations or assertions), we believe it’s important to share with our clients, fellow shareholders, bondholders, employee-partners, and friends of Jefferies both the actual facts and our perspective.

The possible impact on Jefferies of the First Brands bankruptcy should be considered and measured against these overriding facts:

A sound financial condition – Jefferies had total equity on August 31, 2025 of $10.5 billion and tangible equity of $8.5 billion,

Ample liquidity – Jefferies had cash of $11.5 billion on August 31, 2025,

True momentum across our business, as demonstrated most clearly by Jefferies’ third quarter results announced two weeks ago – these results annualized would represent net revenues of $8.2 billion, earnings before income taxes of $1.3 billion and net earnings of $1.0 billion, and

A continuing and strengthened partnership with SMBC – as we announced three weeks ago, SMBC and we significantly expanded our Global Strategic Alliance, which included $2.5 billion of new and incremental credit facilities and SMBC intending to increase its ownership interest in Jefferies from 14.5% to up to 20%.

This Thursday morning at our Annual Investor Meeting, we will amplify and detail the strong momentum of our unique Wall Street firm, which remains keenly focused on executing and further realizing its potential. In addition to a favorable operating environment for our business, we also see exceptional opportunities for continuing growth.

The issues surrounding First Brands are the result of decisions and actions at First Brands, including possible fraudulent or otherwise improper activity that is under investigation by the First Brands’ Chief Restructuring Officer and reportedly under investigation by the United States Department of Justice. Those actions and decisions drove First Brands – formerly a leader in its sector that had financial statements audited by a top accounting firm, major law firms representing it and a track record that attracted the support of major banks, lenders and sophisticated investors – to need bankruptcy protection.

The First Brands situation could cause Jefferies financial loss over time in respect of our own indirect investments (Jefferies’ investments effectively comprise $43 million, or 5.9%, of Point Bonita’s accounts receivables purchased from First Brands and a small ($2 million) interest in First Brands’ bank loans through Jefferies Finance’s Apex platform), legal costs or otherwise. Relative to the scale of Jefferies, we are confident that any losses or expenses from these investments or otherwise in respect of First Brands can readily be absorbed and do not threaten our financial condition or business momentum. We believe there has been an impact on our equity market value and credit perception that is meaningfully overdone, and we expect this to correct soon as the facts and range of outcomes are better understood.

Below, we discuss in Q&A format a series of subjects that we believe, together, will allow you to dimension the range of any risk Jefferies may face from First Brands at its appropriately manageable and absorbable level:

Did Jefferies earn undisclosed fees on financing it provided to First Brands Group through a “side letter” between Jefferies and First Brands?

No. First Brands entered into a written agreement with Point Bonita that was solely for the benefit of the investors in Point Bonita, and that, furthermore, was disclosed to all first and second lien lenders to First Brands. There were no undisclosed fees earned by Jefferies.

The fee letter provides for the payment of certain fees to the fund managed by Point Bonita in respect of transactions between First Brands and the fund. Jefferies did not earn those fees (other than to the extent Jefferies is a 5.9% investor in the Point Bonita fund), but rather the fund’s investors received those fees. Second, those fees were paid in connection with the fund’s purchase of accounts receivable from First Brands. Being sensitive to the fact that First Brands had agreed with its term-loan holders to cap the interest rates that could be paid to potential lenders against receivables, this question was analyzed by First Brands’ top-tier, internationally recognized external counsel, which issued a formal legal opinion stating that the fees contemplated as part of the receivable-purchase agreement did not contravene the credit agreement.

Moreover, the Master Receivables Purchase Agreement (MRPA) between First Brands and Point Bonita, which included and expressly referenced the fee letter, was listed for years on the schedules to the Credit Agreement between all first lien and second lien lenders and First Brands.

How are you managing the redemptions from Point Bonita?

Last month, immediately following the discovery of the issues at First Brands, Leucadia Asset Management communicated directly with Point Bonita fund investors, anticipating and agreeing with our co-investors that it made sense for them to submit redemption requests in order to maximize their flexibility as Point Bonita worked through the circumstances surrounding the receivables it purchased from First Brands. Redemption requests become effective December 31, 2025 (and can be rescinded until that date), and lead to four quarterly, pro rata redemption payments, with the last payment being made in October 2026. That schedule means Point Bonita will have over a year, if necessary, to realize the full value of the rest of its portfolio; to pay off all its debt, which is far more than fully covered by assets apart from the First Brands-related receivables; to return the value of the rest of the fund to our co-investors; and to drive and maximize the recovery from the account receivable purchased from First Brands.

What was Jefferies’ investment banking relationship with First Brands?

First Brands engaged with a range of banks and Wall Street firms over the last ten years. During that period, Jefferies only once served as financial advisor to First Brands in respect of an acquisition. In each of the other four First Brands acquisitions in which we were involved, we were on the other side of the table, negotiating against First Brands. In addition, except for one $300 million loan in 2023 that we underwrote, each financing of First Brands arranged by Jefferies in the last ten years was on a best-efforts – not underwritten – basis. We are aware of nine other banks being involved in acquisitions or loan arrangements for First Brands.

Was anyone at Jefferies ever aware of any fraudulent activity at First Brands?

Nobody at Jefferies was aware of fraudulent activity at First Brands. We learned of the fraud allegations when the rest of the public learned, and then only after First Brands ceased remitting to Point Bonita cash collected in respect of the accounts receivable owned by the fund.

Jefferies began a process this summer to refinance First Brands’ existing debt in light of upcoming maturities. Why didn’t the refinancing proceed?

The refinancing did not proceed because, as part of the diligence we conducted and that was conducted by potential refinancing lenders, a quality-of-earnings report was requested of and promised by First Brands, but it was never delivered.

How much do fees from Point Bonita contribute to Jefferies’ results?

Management and incentive fees from Point Bonita are immaterial to Jefferies, with total fees in the last twelve months ended August 31, 2025, equaling only 0.8% of Jefferies’ net revenues for the same period.

What can you tell us about the $48 million of First Brands term loans held by the CLOs managed by Jefferies Finance LLC?

Jefferies Finance’s exposure is indirect and minimal. As a reminder, Jefferies Finance is a joint venture owned 50/50 by MassMutual and Jefferies that we have built and operated together since 2004. Through its asset management subsidiary, Apex Credit Partners, Jefferies Finance manages $4.2 billion of CLOs. Those CLOs own $48 million principal amount of First Brands’ term loans, which represent approximately 1% of their assets, and the current market value is about $17 million. This excludes any economic benefit to be realized by the reinvesting Apex CLOs that participated in $8.8 million of the DIP financing. Jefferies’ indirect economic exposure to First Brands through those CLOs equals approximately $2 million. Jefferies Finance is otherwise entirely unaffected by this, is performing well and is financially strong.

In closing, let us first thank you for reading this note. We take this matter extremely seriously and will do everything in our power to recover the money and assets that are rightfully owned by our co-investors in Point Bonita.

We hope you come away with a better understanding of the facts and, in particular, the fact that, no matter what the ultimate outcome is, this episode, while extremely unfortunate and disappointing, is manageable and any losses will be readily absorbable.

And even more, we hope that our announcement with SMBC and our third quarter results, as well as this note, give you a feel for our strongly held belief that Jefferies is experiencing significant momentum and how positive our prospects are at this juncture.

We have a tremendous firm; remarkable and loyal clients; 6,000 of the best teammates in the entire industry who will continue to propel Jefferies to be even bigger and better; the most respected strategic partners; an entrenched and important position in the global financial-services industry; and a burning desire to build and be the best global investment banking firm for the benefit of all our clients and stakeholders.

We look forward to speaking with many of you on Thursday morning at our Annual Investor Meeting.

Rich Handler and Brian Friedman

About Jefferies Financial Group Inc.

Jefferies is a leading, global, full-service investment banking and capital markets firm. With more than 40 offices around the world, we offer insights and expertise to investors, companies and governments.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements about our future and statements that are not historical facts. These forward‐looking statements are typically identified by such words as “believe,” “expect,” “anticipate,” “may,” “intend,” “outlook,” “will,” “estimate,” “forecast,” “project,” “should,” and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which will change over time. Forward-looking statements may contain beliefs, goals, intentions and expectations regarding revenues, earnings, operations, arrangements and other results, and may include statements of future performance, plans, and objectives. Forward‐looking statements speak only as of the date they are made; we do not assume any duty, and do not undertake, to update any forward‐looking statements. Furthermore, because forward‐looking statements represent only our belief regarding future events, many of which by their nature are inherently uncertain, the actual results or outcomes may differ, possibly materially, from the anticipated results or outcomes indicated in these forward-looking statements. Information regarding important factors, including Risk Factors that could cause actual results or outcomes to differ, perhaps materially, from those in our forward-looking statements is contained in reports we file with the SEC. You should read and interpret any forward-looking statement together with reports we file with the SEC. Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy will be profitable or equal the corresponding indicated performance level(s).

More News From Jefferies Financial Group Inc.

Carlsbad, CA, Oct. 12, 2025 (GLOBE NEWSWIRE) -- Qualigen Therapeutics, Inc. (NASDAQ: QLGN) (the “Company”) today announced the official launch of C10 Cryptocurrency Asset Treasury (DAT) purchases: Why is this pullback the golden moment CXC10 has been waiting for?

The past 48 hours have been brutal for the entire crypto market. Amidst the market's turbulent volatility, approximately $16 billion in leveraged positions were forcibly liquidated, leaving many investors helpless to prevent a significant decline in their paper wealth.

In times of widespread panic, we must remain calm. Declines often present opportunities. As Buffett famously said, "When others are greedy, I am fearful; when others are fearful, I am greedy."

Let me share our perspective and plans for the future:

1. Why the Decline: A Healthy, Inevitable "Stress Test"

Over the past 48 hours, the crypto market has experienced an epic deleveraging event. Over $16 billion in positions (81% of which were long) were liquidated across the entire network within 24 hours, wiping out nearly $200 billion in total market capitalization.

We believe this plunge is not a collapse of market fundamentals, but rather a "stress test" triggered by geopolitical factors, the macroeconomic environment, and internal structural leverage. The immediate trigger was geopolitical shocks: Trump's threat to impose 100% tariffs on China triggered risk aversion in global capital markets, with cryptocurrencies, as high-beta assets, bearing the brunt.

The core issue was excessive leverage within the market. With liquidity drying up near the weekend and late in the Asian session, panic led to a cascade of liquidations, which is the primary cause of this pullback.

Notably, Ethena's USDe revolving loan issue acted as a "risk amplifier" in this incident. While its brief unpegging only contributed approximately 10-15% of total liquidations, it exposed the vulnerability of some synthetic assets in the industry to extreme market conditions.

Therefore, we believe this is not the beginning of a bear market, but rather an inevitable liquidation of unhealthy leverage and fragile structures within the industry, allowing true value to emerge.

2. Turning Crisis into Opportunity: CXC10 (QLGN) Officially Launches Strategic Asset Purchases Starting Next Week

For many, this is a fearful moment. But for CXC10, it is a moment of opportunity, one for which we are fully prepared. The greatest strength of a disciplined institutional investor is their ability to be fully prepared and remain greedy when others are panicking. We are delighted to see that many of the high-quality assets with excellent fundamentals that we have long focused on are entering our pre-defined, attractive value ranges. The course of time and the tide of history will not be altered by a single, non-systemic, random event. The trend of sustained growth in the value of leading crypto assets will continue. This is also the original intention of our C10 portfolio strategy.

Over the past two weeks, we have successfully completed the establishment of infrastructure such as US dollar cash settlement, bank accounts, and cryptocurrency custody accounts. As of today, we have not purchased any virtual currencies. We hereby officially announce that the C10 Treasury, a subsidiary of CXC10 (QLGN), will officially begin purchasing its first batch of strategic assets starting next week.

3. Our "Playbook": A Systematic SMART Investment Framework

Our confidence stems not from gambled guesswork but from a systematic methodology that has been designed and stress-tested—our SMART Investment Framework. This framework is our guide for facing a downturn, particularly the R (Risk Management) module:

Passive Defense: 80% of the C10 Treasury closely tracks the C10 Index, investing in the top 10 cryptocurrencies based on market capitalization. This has significantly impacted lower-ranked, smaller-cap cryptocurrencies much less than lower-ranked, smaller-cap cryptocurrencies during this epic correction.

Active Allocation: 20% of the Treasury is allocated to the top 10 cryptocurrencies based on the team's rigorous quantitative analysis, with performance outperforming the index on average. For example, BNB, our largest allocation, has been one of the fastest-performing mainstream cryptocurrencies.

Strategy Upgrade: Our 20% active allocation strategy will be further upgraded to include active hedging strategies including stablecoins, options, and structured products. These financial instruments have been built into our system from the outset, designed to effectively mitigate risks and protect our treasury's net value during extreme, one-way market fluctuations. Meanwhile, the S (Strategic Allocation) module within the framework has already laid out a clear asset allocation pyramid for us, giving us clear insights into what to buy. The M (Quantitatively Driven) module, through its scoring model, helps us accurately identify those fundamentally superior assets that have been "misprioritized" amidst the market's devastation.

In the future, we will share our active allocation analysis and risk hedging strategies through blogs and other channels. Furthermore, we are actively promoting investment products such as C10 private funds and ETF public funds to expand our asset management scale and enable more investors who believe in cryptocurrency assets to achieve superior returns.

4. Massive Attack: High-Quality Assets and Strategic M&A

Our next investment and M&A focus will be on assets that were misprioritized during this recent market crash and that align with our long-term strategy:

Core Blue-Chips: Core public chains with strong ecosystems and technological barriers, including Binance (BNB), Ethereum (ETH), and Solana (SOL).

High-Growth Leaders: Leading projects in sectors such as AI, RWA, and oracles that have experienced significant corrections, whose long-term value remains unaffected by short-term panic. 

Furthermore, the market correction presents us with a once-in-a-lifetime opportunity for industry expansion. In addition to purchasing assets in the secondary market, we will also leverage this market clearing to actively identify startups with excellent technology but limited cash flow for strategic mergers and acquisitions. This presents the perfect opportunity for us to rapidly expand our CXC10 industry footprint at the lowest cost. At the same time, we are also setting up our New York office, for people who are interested in joining us please contact [email protected].

5. Long-Term Vision: The bull market logic remains unchanged, and we focus on the future.

Finally, we must emphasize that short-term deleveraging events will not change our fundamental judgment on the long-term bull market in the crypto market. The underlying macroeconomic logic driving the dual bull market, driven by regulatory compliance, continued capital inflows from ETFs like Bitcoin, the Federal Reserve's interest rate cuts, and the technological revolution integrating AI and Web3, remains unwavering.

Our mission is to build a Web3 ecosystem that is deeply integrated with the real economy and can weather both bull and bear markets. This healthy market correction has not shaken our confidence; instead, it has cleared the path for our departure and provided a perfect opportunity to embark.

For CXC10 (QLGN), the real game is just beginning.

About Qualigen Therapeutics, Inc.

Qualigen Therapeutics, Inc. (NASDAQ: QLGN) is a biotechnology company headquartered in Carlsbad, California, focused on developing and commercializing innovative oncology and immunology therapeutics. The Company is actively pursuing crypto and web3 strategic initiatives that integrate advanced technologies and capital market innovation to accelerate global growth.

Investor & Media Contact
Investor Relations Department
Qualigen Therapeutics, Inc.
5857 Owens Avenue, Suite 300, Carlsbad, CA 92008
Tel: +1 (760) 452-8111
Email: [email protected]

Bitcoin (BTC) is under pressure as its recent correction deepens, leaving traders cautious about further downside. After failing to hold above the $125,000 level, Bitcoin dipped below $124,000, entering a short-term bearish zone.

Paolo Ardoino, chief executive of Tether, has seized on last week's crypto market crash to tout the resilience of USDT, the world's largest stablecoin, as rivals struggled to maintain parity.

Ripple's XRP is steadily revolutionizing the way global payments work, quietly building the infrastructure for faster, more efficient cross-border settlements. While the crypto community often focuses on price fluctuations, XRP's real-world applications are reshaping the backbone of international finance.

Ethereum (ETH) price crashes on FridayEthereum was crushed, with its price coming close to dropping below the $4,000 level.

Ethereum (ETH), the flagship altcoin, has endured an extremely severe price drop amid a broader market correction. The cryptocurrency has come awfully close to plunging below the $4,000 level, reaching an intraday low of $4,096, according to CoinGecko data.  

The sudden sell-off comes amid renewed trade tensions between the U.S. and China. Earlier today, major U.S. stock market indices, including the tech-heavy Nasdaq, moved sharply lower after the White House threatened to massively increase tariffs on Chinese goods.  

HOT Stories

The world's second-largest economy has been accused of holding the world hostage with its rare earth metals.  That said, analyst Adam Kobeissi believes that the recent correction is an overreaction since the tariff threat is just a bargaining chip. "We believe trade talks between the US and China will resume after a little turbulence," he said.  

Dogecoin founder breaks silence on Uptober amid crypto dumpDOGE creator Billy Markus has weighed in on the latest crypto market turmoil.

Billy Markus, the co-creator of Dogecoin and one of the crypto community’s most outspoken figures, has shared his thoughts on the market’s sharp downturn during what traders had been calling “Uptober.” 

In a post on X (formerly Twitter), Markus, also known as Shibetoshi Nakamoto, criticized the excessive optimism surrounding Uptober, a month traditionally associated with bullish momentum in digital assets, arguing that misplaced enthusiasm and speculative leverage contributed to the crash: “Anyone who said Uptober should be slapped in the face.”

According to data from Coinglass, more than $19 billion in leveraged positions were liquidated in the past 24 hours, affecting over 1.6 million traders worldwide. More than $7 billion of these liquidations occurred in just one hour on Friday, marking an unprecedented wave of forced selling.

XRP drops out of top 3BNB has now pushed XRP out of the top three.

On Tuesday, BNB has knocked XRP from the top three following a massive rally. The two tokens are currently worth $178.3 billion and $178.2 billion, respectively. 

The native token of crypto exchange behemoth Binance is now up by as much as 26% over the past week. It has vastly outperformed Bitcoin (9.6%) and other major altcoins.  XRP, for comparison, is up by only a relatively modest 4.2%. 

Ripple CEO shares his view on upcoming financial system shake-upThis comes as massive $1 trillion inflow predicted for stablecoins ahead.

This year's Pantera Blockchain summit is the tenth in a series of gatherings since 2013, back when blockchain was a $2 billion industry, with it now over $4 trillion. The summit featured a stacked lineup of discussions with industry leaders across key themes, with Ripple CEO Brad Garlinghouse joining in on the conversation.

Pantera Capital shared highlights from the summit, which cited Ripple CEO Brad Garlinghouse speaking on a future rewiring of the financial system in a conversation hosted by Pantera Capital founder Dan Morehead.

"This represents the future re-wiring of the financial system," Brad Garlinghouse, CEO of Ripple, stated at Pantera Blockchain Summit 2025.

Crypto community in shock as trader shorts Bitcoin right before crashApparently, the trader shorted Bitcoin 30 minutes before the big announcement.

The cryptocurrency market has been rocked by an unprecedented $19 billion liquidation following a sudden flash crash, yet one trader managed to secure an astonishing $88 million profit by shorting Bitcoin just 30 minutes before the U.S. tariff announcement. 

According to crypto analyst Vivek Sen, the account responsible for this trade was opened on the same day, raising widespread suspicion within the community. 

Many have accused the trader of insider activity, with prominent pro-crypto attorney John Deaton reposting the information and calling for a full investigation into the matter.