Market Signal Briefing

OpenAI continues to hit headlines with the partnership momentum. After Oracle and NVIDIA, it is now AMD that has joined forces with the maker of ChatGPT in a multibillion-dollar collaboration.

In July, OpenAI and Oracle entered into an agreement to develop up to 4.5 gigawatts of additional Stargate capacity. In late September, NVIDIA announced that it intends to invest up to $100 billion in OpenAI to build infrastructure and new data centers with a capacity of at least 10 gigawatts of power.

AMD Partnership DetailsAdvanced Micro Devices announced this week that it will supply over 6 gigawatts of GPUs to OpenAI over several years (per Yahoo Finance), starting with its upcoming MI450 chips in the second half of 2026. Under the agreement, AMD also issued OpenAI warrants for up to 160 million shares, roughly 10% of the company. These shares will vest in stages as AMD hits milestones, beginning once the company deploys its first 1 gigawatt of chips.

AMD CEO on AI AmbitionsIn an environment where some market watchers are worrying about the payoff capability of tech companies’ mammoth investments in AI,AMD CEO Lisa Su emphasized that the tech world needs to think bigger about artificial intelligence, as quoted on the above-mentioned Yahoo Finance article. Su believes that bold moves by companies in the AI space will ultimately be rewarded.

OpenAI’s Strategic DealmakingOpenAI’s Altman’s approach to partnerships is truly unique, which smartly brings in chipmaking rivals under the single business roof of OpenAI, per the Yahoo Finance article. This circular strategy positions OpenAI ahead of most private AI companies.

OpenAI also recently sold around $6.6 billion in stock as part of a secondary sale that valued it at roughly $500 billion, according to a source with knowledge of the deal who was not authorized to discuss it publicly, per an AP article, as quoted on Yahoo Finance.

OpenAI’s Future: Bubble or Breakout?Investors should note that despite its growing influence, OpenAI lacks a profitable business history. OpenAI’s Sam Altman, in mid-August, indicated that the artificial intelligence market is in a bubble, according to a report from The Verge, as quoted on CNBC. 

Some believe OpenAI is putting all its eggs in one basket. The Yahoo Finance article explained that unlike Big Tech (most of which have been in the business for years and ruled the tech space with a variety of capabilities), OpenAI doesn’t have any other major sources of revenue.

But then, OpenAI recently launched two diverse business ventures. The first is a partnership with Etsy and Shopify for online shopping through ChatGPT, and the other is a social media app, Sora, for generating and sharing AI videos, per AP News, as quoted on Yahoo Finance. Sora and ChatGPT are the top two apps in the Apple App Store.

What does this mean? Is OpenAI promoting a new trend called chatbot shopping? Is OpenAI trying to cash in on the business streams that Meta’s Instagram, and Alphabet’s YouTube are widely known for? Is OpenAI trying to diversify revenue streams?

Is AI Bubble Worry Exaggerated or Justified? DataTrek co-founder Nicholas Colas recently noted that the massive investments that tech giants are making in AI are still operating within their limits of operating cash flows, as quoted on Yahoo Finance.

Meanwhile, immense AI investments among tech majors repeatedly highlight that the AI boom is here to stay. Not only OpenAI, but also Elon Musk’s xAI is expanding its latest funding round to $20 billion, with NVIDIA among the investors, according to people familiar with the matter, per Bloomberg, as quoted on Yahoo Finance.

Goldman Sachs says it’s too soon to fear a bubble in soaring U.S. tech stocks. Strong earnings, not speculation, are driving the current rally. Valuations are stretched but not at bubble levels, per Bloomberg, as quoted on Yahoo Finance.

ETFs like iShares U.S. Technology ETF (IYW - Free Report) , Fidelity MSCI Information Technology Index ETF (FTEC - Free Report) , First Trust Dow Jones Internet Index Fund (FDN - Free Report) , Global X Artificial Intelligence & Technology ETF (AIQ - Free Report) and iShares Future Exponential Technologies ETF (XT - Free Report) could thus be played on this trend.

Sign InSign UpYour day-ahead look for Oct. 10, 2025
Oct 10, 2025, 11:15 a.m.

Bitcoin volatility about to 'breakout' on Fed rate cut anticipation (Midjourney/Modified by CoinDesk)CoinDesk)

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 arrive in your inbox at 7 a.m. ET to kickstart your morning with comprehensive insights. If you're not already subscribed, click here. You won't want to start your day without it.

By Omkar Godbole (All times ET unless indicated otherwise)

It's a tough market to trade as bitcoin's BTC$121,523.94 price swings sharply. Following a late Thursday drop from $123,000 to $120,000, BTC has recovered to trade around $121,400, with privacy coins such as ZEC$227.98 and DASH$20.57 rising sharply. The CoinDesk 20 Index has bounced to 4,178 points from the overnight low of 4,097.

STORY CONTINUES BELOW

BTC's volatility has picked up, likely in expectation of another Fed rate cut later this month.

"Bitcoin volatility is poised for a breakout. Implied volatilities across 14, 30, and 90-day expiries have surged to their highest levels in the past 30 days, pointing to increased anticipation of big moves ahead," Nick Forster, founder of decentralized exchange Derive, said.

Forster added that the so-called vol spike comes as markets price in a near-certain 25 basis point rate cut by the Federal Reserve later this month.

Polymarket bettors price in a 91% chance that the Fed will reduce rates by 25 basis points at the Oct. 28-29 meeting, even as the ongoing government shutdown has delayed key data releases. The central bank cut rates to 25 bps to 4% last month.

In other news, State Street's 2025 Digital Assets Outlook showed that nearly 60% of institutional investors are planning to boost their digital asset exposure in the coming year, with the average exposure expected to double within three years.

Several U.S. Democratic senators reportedly made a counter proposal to the market structure bill, involving a "restricted list" for DeFi protocols deemed too risky. Crypto lawyer Jake Chervinsk said it could derail regulatory progress while undermining the bipartisan support for the Clarity Act seen in the House in July.

Meanwhile, Chainlink launched a Chainlink-grade RPC endpoint for the HyperEVM testnet, providing builders in the @HyperliquidX ecosystem with infrastructure for developers working on innovative solutions like HIP-3, vaults, liquid staking tokens (LSTs), and spot deployment.

In traditional markets, the dollar index continues to hover at two-month highs, as China tightened its grip on rare earth exports, ratcheting up trends ahead of an expected Xi-Trump meeting in South Korea later this month. Stay alert!

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

CryptoNothing scheduled.MacroOct. 10, 8 a.m.: Brazil Aug. PPI YoY (Prev. 1.36%), MoM (Prev. -0.3%).Oct. 10, 8:30 a.m.: Canada Sept. Unemployment Rate Est. 7.2%.Oct. 10, 10 a.m.: Michigan Consumer Sentiment Oct. (Preliminary) Est. 54.2.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 & callsDecentraland DAO is voting to replace the DAO Committee with a 3-of-5 multisig of ecosystem representatives, shifting execution-only duties while the council retains oversight. Voting ends Oct. 10.UnlocksOct. 10: LINEA$0.02546 to unlock 6.57% of its circulating supply worth $26.73 million.Oct. 11: APT$4.9437 to unlock 2.15% of its circulating supply worth $59.98 million.Oct. 12: ATH$0.05845 to unlock 16.08% of its circulating supply worth $67.7 million.Token LaunchesNo major launches.ConferencesFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

Day 2 of 2: North American Blockchain Summit (Dallas)Token TalkBy Oliver Knight

The recent Chinese memecoin frenzy which sent tokens like GIGGLE, 四, and 哈基米 on PancakeSwap V2 soaring, has abruptly fizzled out.Within 24 hours, many of these assets lost more than 95% of their value, wiping out speculative gains built on hype and social momentum.The crash coincided with a broader memecoin market downturn that Binance founder Changpeng “CZ” Zhao described as a “blood bath,” fueled by FUD and false rumors about token listings.The plunge comes after Binance rolled out its "Meme Rush" platform that was supposed to provide a structured path for tokens before being tradable on various decentralized and centralized exchanges.However, much like how Solana memecoins faded in February following the launch of TRUMP and MELANIA, BNB Chain memes appear to be following the same route to demise.Pancake Swap trading volume has remained inflated at $18 bilion over the past 24 hours, with a handful of newly-launched tokens catching a bid, although it's worth noting that liquidity remains relatively low; with wDerivatives PositioningData from Coinglass shows that many BTC perpetual short positions face the risk of liquidation above $121,600. So, a sustained move above the said level could trigger a short squeeze, leading to a quick rally toward record highs.The market is undergoing a leverage reset, with volatility flushing out excess positioning on both sides, Glassnode said. Still, the overall positioning in the global BTC futures market remains elevated, with open interest just shy of the record 755K BTC.BNB, XRP, ADA, and TRX have seen a drop in futures open interest (OI) in the past 24 hours, indicating capital outflows. BTC's OI has risen by 1%, with ETH up just 0.4%.The XMR market is looking a bit overheated, with annualized funding rates nearing 60%, a sign of frenzied demand for bullish bets. Funding rates for other major tokens, including BTC and ETH, paint a bullish picture, but nothing out of the ordinary.On decentralized exchange Derive, open interest in the Oct. 31 expiry options is concentrated in calls at strikes $128K and $145K, reflecting a bullish bias. ETH options activity is equally bullish, with OI concentrated in $5K and $6K calls.On Deribit, however, the call-put skew for BTC and ETH remains mildly negative across timeframes, reflecting a bias for protective puts. Block flows on Paradigm featured ETH puts and straddles.Market MovementsBTC is up 0.17% from 4 p.m. ET Thursday at $121,389.27 (24hrs: -0.59%)ETH is down 0.37% at $4,323.41 (24hrs: -0.54%)CoinDesk 20 is up 0.4% at 4,162.46 (24hrs: +0.02%)Ether CESR Composite Staking Rate is up 1 bp at 2.86%BTC funding rate is at 0.0045% (4.8968% annualized) on BinanceDXY is down 0.24% at 99.29Gold futures are up 1.00% at $4,012.20Silver futures are up 2.45% at $48.31Nikkei 225 closed down 1.01% at 48,088.80Hang Seng closed down 1.73% at 26,290.32FTSE is down 0.14% at 9,495.88Euro Stoxx 50 is unchanged at 5,627.22DJIA closed on Thursday down 0.52% at 46,358.42S&P 500 closed down 0.28% at 6,735.11Nasdaq Composite closed unchanged at 23,024.62S&P/TSX Composite closed down 0.76% at 30,269.98S&P 40 Latin America closed down 0.51% at 2,858.54U.S. 10-Year Treasury rate is down 3.5 bps at 4.113%E-mini S&P 500 futures are unchanged at 6,785.00E-mini Nasdaq-100 futures are up 0.1% at 25,313.50E-mini Dow Jones Industrial Average Index are up 0.11% at 46,643.00Bitcoin StatsBTC Dominance: 59.36% (unchanged)Ether to bitcoin ratio: 0.03563 (-0.75%)Hashrate (seven-day moving average): 997 EH/sHashprice (spot): $51.21Total Fees: 3.79 BTC / $462,241CME Futures Open Interest: 147,025 BTCBTC priced in gold: 30.4 ozBTC vs gold market cap: 8.59%Technical Analysis

BTC's dominance rate. (TradingView)

BTC's dominance rate, or its share in the total market cap, is looking to establish a new uptrend, having risen from 57% to over 59% in two weeks. The increase indicates that capital is again flowing into the market leader. In other words, the altcoin season is still not here. Crypto EquitiesCoinbase Global (COIN): closed on Thursday at $387 (-0.07%), -0.22% at $386.15Circle Internet (CRCL): closed at $150.48 (+0.01%), -0.19% at $150.19Galaxy Digital (GLXY): closed at $42.22 (+2.01%), +2.08% at $43.10Bullish (BLSH): closed at $66.71 (-1.04%), +0.13% at $66.80MARA Holdings (MARA): closed at $20.2 (0%), +1.53% at $20.51Riot Platforms (RIOT): closed at $22.28 (+1.32%), +0.4% at $22.37Core Scientific (CORZ): closed at $18.04 (+2.91%), +1.16% at $18.25CleanSpark (CLSK): closed at $20.09 (+5.85%), +4.03% at $20.90CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $57.57 (+3.95%), +3.42% at $59.54Exodus Movement (EXOD): closed at $29.67 (-1.33%), +1.08% at $29.99Crypto Treasury Companies

Strategy (MSTR): closed at $320.29 (-3.18%), +0.53% at $322.00Semler Scientific (SMLR): closed at $28.32 (+0.43%)SharpLink Gaming (SBET): closed at $16.95 (-3.53%), -1.47% at $16.70Upexi (UPXI): closed at $6.85 (-4.46%), -0.44% at $6.82Lite Strategy (LITS): closed at $2.54 (+1.6%), +11.42% at $2.83ETF FlowsSpot BTC ETFs

Daily net flow: $197.8 millionCumulative net flows: $62.73 billionTotal BTC holdings ~ 1.36 millionSpot ETH ETFs

Daily net flow: -$8.7 millionCumulative net flows: $15.1 billionTotal ETH holdings ~ 6.89 millionSource: Farside Investors

While You Were Sleeping‘Bitcoin Is Not an Asset Class’: UK’s Biggest Investment Platform Has a Stark Warning for Investors (CNBC): Hargreaves Lansdown warned bitcoin’s volatility, lack of intrinsic value and unpredictable performance make it unsuitable for portfolios, even as the U.K.'s financial regulator gives retail investors access to crypto ETNs.Bitcoin Implied Volatility Reaches 2.5-Month High as Seasonal Strength Kicks In (CoinDesk): Bitcoin implied volatility index, which represents the annualized expected price turbulence over four weeks, surged above 42, mirroring similar seasonal spikes seen in October 2023 and 2024.Monero Releases Privacy Boost Against Sneaky Network Nodes (CoinDesk): The "Fluorine Fermi" upgrade changes how nodes choose peers, preventing multiple connections within the same IP subnet and making it harder for malicious clusters to trace transaction activity.Hyperliquid Introduces 'Based Streams,' a DEX-Powered Live Streaming Platform (CoinDesk): The livestreaming feature lets creators broadcast trades, accept token donations and reward viewers via the decentralized perpetual swaps exchange's Hypercore protocol.Ray Dalio Warns of Soaring Debt and 'Civil War' Brewing in US (Bloomberg): The Bridgewater Associates founder urged Congress to pair tax hikes with spending cuts to curb ballooning national debt, while also citing wealth inequality and geopolitical tensions as major concerns.More For You

BTC Erases Wednesday's Spike, JPM Warns of Stock Crash: Crypto Daybook Americas

Oct 9, 2025

Your day-ahead look for Oct. 9, 2025

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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 arrive in your inbox at 7 a.m. ET to kickstart your morning with comprehensive insights. If you're not already subscribed, click here. You won't want to start your day without it.

Read full story

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IREN stands out with 3 GW of power capacity, 23,300 GPUs, and a $500 million AI cloud revenue run-rate by early 2026, the analysts said.

Published
17 minutes ago on
October 10, 2025

It may be a little early for breakouts among the altcoins, given that the Bitcoin bulls and bears are still deciding whether the price has made a local bottom. That said, the Near Protocol (NEAR) price spiked as much as 9.3% on Friday morning, while Chainlink (LINK) is back in the breakout zone.

$NEAR price spike takes it to resistance and possible breakout

Source: TradingView

A big price spike from $NEAR has put this crypto up against horizontal resistance and close to the descending trendline. However, the Stochastic RSI indicators are starting to top out, while volume would need to increase if a successful breakout is to occur.

Horizontal resistance is key for $NEAR bulls

Source: TradingView

The weekly time frame for the $NEAR price reveals that it is very much an open and shut case. The strong horizontal resistance level at $3.13 is key to everything. If the bulls can break through this and confirm above, then the last stage of the crypto bull market is very much on for $NEAR.

A W pattern may still be in formation, with the neckline at the horizontal resistance level. 

At the bottom of the chart, the Stochastic RSI indicators are going to need to turn back around. If they can do this, it could provide the momentum for the breakout.

Breakout not quite yet for $LINK?

Source: TradingView

The short-term time frame for $LINK shows that the price is right up against the top trendline of the channel again. However, just as is the case for $NEAR, the Stochastic RSI indicators are showing signs of topping out soon, while the volume profile is still decreasing. This is not exhibiting the confidence for a breakout.

It might be more likely that the price is rejected from the trendline once again. This would allow the momentum to reset before another, perhaps more successful attempt at a breakout.

$LINK bull flag breakout as soon as next week

Source: TradingView

In the weekly time frame things look very interesting for the $LINK price. A big rise from June until August 2025 ended with a long sideways and downwards consolidation phase, which looks very much like a bull flag. Given that the $LINK price is right up against that top trendline, and that there are only a couple of days left in the week, a breakout for next week is quite likely. 

Look for the Stochastic RSI indicators to start turning sideways and then up at the 50.00 level. Also, the volume bars would start to increase in size.

One major factor to take into account when backing either $NEAR or $LINK is the status of $BTC. These altcoins are only going to breakout if $BTC leads. Keep a very close eye on the $BTC price over the rest of this week.

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

A large cryptocurrency investor who surfaced two months ago with about $11 billion worth of Bitcoin has opened almost $900 million in short positions against Bitcoin and Ether, signaling expectations of a market correction despite widespread optimism for October.

The whale returned to trading on Thursday with a $360 million Bitcoin (BTC) transfer that piqued the interest of cryptocurrency investors, Cointelegraph reported.

On Friday, the whale opened a $600 million 8x leveraged short position on Bitcoin and a leveraged short worth over $300 million on Ether (ETH), according to blockchain data platform Onchain Lens.

The massive short bets signal the whale’s confidence in an incoming correction, but the thesis stands to be invalidated if Bitcoin’s price rises above $133,760, their liquidation threshold.

Source: Onchain LensThe whale also opened a $330 million 12-times leveraged short position on Ether, with a liquidation price of $4,613. The position showed an unrealized profit of $2.6 million at the time of writing, according to blockchain data shared by Lookonchain on Friday.

Source: LookonchainThe whale’s short bets may inspire more large investors to follow suit and bet on the price decline of the leading cryptocurrencies.

Back in August, nine whale addresses acquired a cumulative $456 million worth of Ether, after the $11 billion Bitcoin whale rotated $5 billion of his Bitcoin into ETH.

Large-scale selling from previously dormant Bitcoin whales was among the main factors limiting Bitcoin’s price action in August, according to analyst and early Bitcoin adopter Willy Woo.

Bitcoin correction caused by smaller cohorts, not whalesBitcoin set a new all-time high above $125,700 on Sunday, before retracing to trade above $121,350 at the time of writing, according to Cointelegraph data.

The majority of the selling pressure didn’t come from large investors, but smaller wallet cohorts, including 603 Bitcoin sold by shrimp addresses, 2,260 Bitcoin sold by crabs and 3,860 BTC sold by fish addresses, according to blockchain insights platform CryptoQuant’s Thursday X post.

Source: CryptoQuantThe shrimp cohort refers to retail investor addresses with less than 1 Bitcoin. Crab addresses hold up to 10 Bitcoin, while fish addresses hold between 50 to 100 BTC.

Most cryptocurrency traders are also positioning for a short-term decline in the crypto market.

Long vs short trades on exchanges. Source: coinAnk.comOver 52% of Bitcoin holders across all exchanges are currently short, meaning that they are betting on Bitcoin’s price decline, while 47% remain long, according to blockchain data from CoinAnk.

About 51% of Ether traders have also shorted the world’s second-largest cryptocurrency, expecting a decline.

Magazine: Bitcoin mining industry ‘going to be dead in 2 years’ — Bit Digital CEO

Grayscale revises its Solana Trust S-1/A filing with the SEC, adjusting its fee to 0.35% after market close.

A Hyperliquid user lost about $21 million after a private key leak, with the attacker bridging stolen funds to Ethereum shortly after, per onchain data.

‘Distribution Is the Key’: BNB’s 129% Rally Mirrors Solana’s 2024 SurgeThe recent surge in BNB's price appears to be driven by Binance's scale and user reach, with $14.8 billion in inflows last quarter. Oct 10, 2025, 11:42 a.m.

The native token of the BNB Chain, BNB, is down more than 2.5% in the last 24 hours, continuing its slide from a new all-time high above $1,300 registered earlier this week.

BNB rose 129% over the past year, outpacing both bitcoin and ether, as renewed momentum in the BNB Chain ecosystem kicked off a new wave of capital rotation.

STORY CONTINUES BELOW

Trading volatility remains high, with the token swinging within a $62 range from Oct. 9–10 before closing at $1,250, according to CoinDesk Research's technical analysis model.

Jack O'Holleran, CEO of SKALE Labs, told CoinDesk the recent surge appears to be driven by Binance’s scale and user reach rather than hype.

“We're in a phase of the cycle that's focused on reach over tech,” he said. “Distribution is the key factor driving growth right now. That reach advantage is translating directly into adoption, with $14.8 billion in inflows last quarter and BNB Chain activity surging.”

Jasper De Maere, a strategist at Wintermute, compared the current rally to Solana’s late-2024 cycle in a statement to CoinDesk, where price gains in a layer-1’s base token triggered a wave of liquidity across the ecosystem.

“BNB’s rally, fueled by gas-fee cuts, RWA incentives, and liquidity programs, ignited a wave of on-chain activity as capital rotated into yield and meme sectors, CAKE, HENA, HONEY, and MANTA among the main beneficiaries,” he wrote.

The pattern follows what De Maere calls the "L1 wealth effect,” when rising token prices drive USD gains that are reinvested into surrounding protocols.

“As long as BNB prices hold near highs and bridged capital doesn’t leave, recycling will continue, liquidity will simply rotate between sectors (memes → DeFi → yield) instead of exiting the chain,” he added. “Only when outflows accelerate or confidence breaks does the loop truly end.”

Still, signs of exhaustion could emerge if stablecoin balances fall or capital starts flowing out of BNB Chain. For now, the ecosystem appears to be recycling wealth internally, echoing Solana’s earlier trajectory.

“The wealth effect doesn’t die when volumes slow; it ends when money leaves,” De Maere concluded.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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Total Crypto Trading Volume Hits Yearly High of $9.72T

Sep 9, 2025

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025

What to know:

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025Gate exchange emerged as major player with 98.9% volume surge to $746 billion, overtaking Bitget to become fourth-largest platformOpen interest across centralized derivatives exchanges rose 4.92% to $187 billionView Full Report

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Analysis: Market Is Undervaluing the Possibility Cardano (ADA) ETF Is Delayed Until 2026

1 hour ago

With the SEC running on skeleton staff during the prolonged U.S. government shutdown, crypto ETF reviews are effectively frozen. A weeks-long pause could push Cardano’s long-awaited ETF decision past its 2025 deadline and into the new year.

What to know:

The SEC's fast-track approval process for altcoin ETFs could be stymied by a potential government shutdown, affecting applications like Cardano's.Polymarket bettors currently predict a 36% chance of a month-long government shutdown, which could stall ETF approvals until 2026.With limited SEC staff during a shutdown, the backlog of crypto ETF applications may not clear before the end of the year.Read full story

TL;DR

Litecoin has surged to $130.40 with an 11.66% gain in just 24 hours, driven by growing institutional interest.
Daily trading volume has surpassed $2.1 billion and the market cap sits just under $10 billion, signaling strong capital rotation.
If spot ETFs gain approval, analysts are projecting a bullish range between $350 and $400, putting Litecoin back in the spotlight for traders seeking legacy altcoins.

Litecoin has reclaimed ground after climbing from $115 to above $130, now retesting levels unseen since late 2024. On-chain data shows a 15% increase in large wallet accumulation and a 170% surge in daily trading volume, now reaching $2.1 billion. The market cap of $9.96 billion highlights that the asset is back on the radar for investors rotating profits from higher-cap coins. Analysts note that renewed interest is attracting both retail and institutional buyers, creating a broader foundation for potential long-term growth.

Renewed institutional inflows and active speculation have boosted momentum. The Litecoin Foundation reported over three million transactions processed in just two weeks, showing tangible network activity. Traders view this combination of strong on-chain metrics and renewed demand as a potential springboard for further gains. Additional network improvements and consistent miner activity continue to support confidence in Litecoin as a reliable altcoin choice.

Institutional Momentum Builds
Market sentiment is being driven by the imminent regulatory decision on spot Litecoin ETFs, expected once full U.S. government operations resume. Bloomberg analysts James Seyffart and Eric Balchunas point out that Canary Capital filings include the final details typically seen right before approval, further raising expectations.

ETF speculation aligns with a more positive tone from the Federal Reserve, encouraging risk-on positioning across digital assets. Some corporate treasuries are reportedly considering exposure to established altcoins, with Litecoin standing out for its consistent uptime and transaction volume. Combined with favorable macroeconomic conditions, these factors are reinforcing confidence in LTC as a strategic investment option.

Price Targets And Market Outlook
To sustain momentum, Litecoin needs to break above $140 and turn that level into a strong support zone, allowing for continued accumulation. Surpassing $200 could trigger technical buying that pushes toward $350 and eventually toward $400, following projections from multiple analysts. The all-time high of $412, reached in May 2021, remains a critical psychological level.

The 24-hour gain of 11.66% and surge in volume suggest this is not just a short-lived spike. Legacy altcoins are returning to focus as profits from Bitcoin rotate into assets with lower perceived downside and strong ETF potential. If regulatory signals align with market expectations, Litecoin’s next major test could arrive sooner rather than later.

Fri, 10/10/2025 - 11:47

This morning on crypto market, all focus is on ​"Bitcoin Jesus," as Roger Ver granted US pardon, while XRP hits 3,192% in liquidation imbalance and anonymous Bitcoin whale opens brutal $600 million short position

Cover image via U.Today

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

This morning on the crypto market, all focus is on "Bitcoin Jesus" Roger Ver as reports surface that he has been granted a U.S. pardon in exchange for a $48 million settlement with the Department of Justice. 

At the same time, XRP traders woke up to a brutal 3,192% liquidation imbalance, with long positions absolutely "rekt" again, leaving open interest in tatters and reminding everyone once again why leverage on XRP is more like a lottery ticket than a trade.

And just to add fuel to an already chaotic morning, an anonymous Bitcoin OG whale has opened a $600 million short against BTC, using massive leverage. Will the market run him over or prove him right?

HOT Stories

Bitcoin price under $600 million whale’s shadowBitcoin trades at just above $121,000, drifting sideways after rejecting $124,000-$126,000 , but traders are nervous because of a whale, who has made the entire market his shadow.

This address, already infamous for flipping $5 billion from BTC into ETH earlier this year, has doubled down on bearishness. It loaded up on a $332 million ETH short at 12x leverage, staked with $30 million USDC as margin and then expanded its Bitcoin short to $607 million, increasing leverage from 6x to 8x. This position equals 5,000 BTC at an average entry of $120,761, with liquidation at $133,760. 

Bitcoin Price by CoinMarketCapFor now, though, the whale's presence keeps the market split — retail longs are nervously looking at funding rates, while institutional desks are whispering about whether this is a calculated hedge or just suicidal risk.

Figure of the day: "Bitcoin Jesus" Roger Ver Back in headlinesThe figure of the day is unmistakably Roger Ver. Known globally as “Bitcoin Jesus” for his relentless evangelism during the early adoption years, Ver later became the face of Bitcoin Cash after the 2017 fork and positioned himself as a challenger to Bitcoin’s dominance.

For years he was in regulatory obscurity, which kept him away from the U.S., but that is about to change as Ver has reportedly cut a deal with authorities to settle allegations of tax evasion, agreeing to pay $48 million.

Some people see this as vindication and think it is better to just write the check and move on. Others, though, see it as a collapse of his radical stance, which Ver had previously defended.

XRP traders face 3,192% bloodbathThe chart of the day is not Bitcoin; it is XRP, and not the price chart. In just four hours, the liquidation imbalance spiked by 3,192%, leaving almost every long trader on the wrong side of the book. Data shows $187,940 liquidated in total, with longs making up $182,230 of that versus just $5,700 shorts. 

This means that bulls were the ones taking all the pain, as they found out again that the XRP derivatives market is a minefield, where liquidity disappears instantly and even small moves lead to liquidations.

Source: CoinGlassWhen positioning becomes too one-sided, the first reversal wipes everyone out, leaving only the most savvy investors to snap up cheap bids. For contrarian players, this kind of situation can present an opportunity, but for most retail traders, it was nothing short of a massacre.

Until XRP reclaims the $3.00-$3.10 range, the scars of this imbalance will continue to affect sentiment.

Evening outlookBitcoin (BTC): Support sits near $120,000, resistance at $123,000. A squeeze above $126,000 could liquidate oversized shorts and trigger a fast rally.Ethereum (ETH): With -$8.5 million ETF outflows and a fresh whale short, ETH faces heavier downside pressure. The $2,940 support is critical.XRP: After the 3,192% liquidation spike, reclaiming $3.10 would offer relief. Traders should watch liquidation clusters for fresh positioning traps.Solana (SOL) & Mantle (MNT): Despite >$1.7 million liquidations each, both tokens held green, suggesting strong underlying demand.Macro: Focus shifts to the U.S. session where fresh ETF flow numbers and whale positioning could decide whether BTC stays range-bound or breaks violently.

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Global central banks have been increasing their gold reserves over the past few years in a trend that may have major implications for Bitcoin, according to a recent report from Deutsche Bank.

Gold’s share of central bank reserves reached 24% in the second quarter of the year, its highest share since the 1990s, Deutsche Bank strategists reported Thursday.

With official demand for gold running at twice the pace of the 2011–2021 average, some Deutsche Bank analysts see growing parallels between gold and Bitcoin (BTC), which has seen a record-breaking performance in 2025.

The renewed gold accumulation marks a significant shift in global finance, echoing behavior seen for much of the 20th century, Deutsche Bank strategists wrote, highlighting that Bitcoin’s momentum shares many of the same dynamics.

Gold reclaims inflation-adjusted highsAlthough gold has been parabolically breaking new highs in terms of fiat money, the asset has only recently exceeded its inflation-adjusted all-time highs (ATH) from 1980.

“It’s only in recent weeks that gold has finally surpassed its real-adjusted all-time highs from around this point 45 years ago,” Deutsche Bank’s strategists wrote.

Composition of global official reserve assets (at market price). Source: Deutsche BankAmong the key reasons for such a long delay in gold’s inflation-adjusted ATH, Deutsche Bank cited decades of central bank selling, forced institutional gold sell-off and the rise of the fiat currency era.

“Gold’s formal role as a reserve asset ended in 1979, when the IMF [International Monetary Fund] prohibited members from pegging exchange rates to gold — eight years after the collapse of Bretton Woods,” Deutsche Bank analysts said.

What makes Bitcoin a reserve candidate?Amid gold breaking new historic highs in inflation-adjusted terms, Deutsche Bank’s macro strategist Marion Laboure highlighted a set of parallels between the assets, potentially making Bitcoin an appealing store of value.

In a report titled “Gold’s reign, Bitcoin’s rise,” Laboure observed significant similarities in performance trajectories between the two assets since their inception.

Bitcoin vs gold 30-day volatility. Source: Deutsche BankAnother notable parallel is that both gold and Bitcoin have experienced high volatility and periods of underperformance, the strategist noted.

Additionally, Laboure said both gold and Bitcoin have low correlation with traditional assets, providing notable diversification benefits.

Prediction: Bitcoin and gold to join central bank reserves by 2030On Bitcoin’s potential as a central bank reserve asset, Laboure pointed to its high volatility and being “backed by nothing” as key counterarguments.

“Volatility, however, has now fallen to historic lows,” she added, while noting additional concerns, including limited usage, perceived risk, speculative nature, cyber vulnerabilities and liquidity constraints.

Despite these issues, Laboure suggested that Bitcoin and gold “may both feature on central bank balance sheets by 2030,” pointing to their shared characteristics, including their role as “safe-haven” assets.

Deutsche Bank’s macro strategist Marion Laboure predicted that Bitcoin and gold may both feature on central bank sheets by 2030. Source: Deutsche BankLaboure’s perspective on Bitcoin and gold comes amid growing institutional BTC adoption and increasing interest from some governments in holding Bitcoin as part of their strategic reserves.

However, Bitcoin’s volatility remains a major concern for many central bankers, whose primary objective is to preserve the value of their reserve assets.

Magazine: US risks being ‘front run’ on Bitcoin reserve by other nations: Samson Mow

As the market enters a period of uncertainty after a bullish start to the week, the Dogecoin price has slipped back into a consolidation trend once again. This represents the slowdown brought about by profit-taking as investors secure their position. However, this does not mean that the favor has fallen back to the bears. In fact, the Dogecoin price remains in a bullish position, and as long as key factors continue to hold, then the meme coin could see a colorful breakout rally from here.

The Broadening Wedge And What It Means
Pseudonymous crypto analyst Gandalf Crypto took to the X (formerly Twitter) platform to share some interesting things about the Dogecoin price action. The price has so far been characterized by higher highs and lower lows, not suggesting a particular direction. But just shows that volatility is becoming higher and higher. This could lead to wild fluctuations in the Dogecoin price.

Nevertheless, the fact that the altcoin continues to trade inside a Broadening Wedge pattern is worth noting. As is the case with a broadening wedge pattern, the direction in which the price breaks could determine whether the rally would continue or if the price decline would deepen.

In the case of a breakout of the upper trendline toward $0.28, it would signal that the bulls will continue to push the Dogecoin price higher. However, on the flip side, there is the possibility that the price breaks below the lower trendline and makes its way toward $0.2. In that case, a deeper correction will be expected.

Source: X
Key Things To Watch Out For With The Dogecoin Price
As the crypto analyst explains, the Dogecoin price is now nearing its resolution point within the Broadening Wedge pattern. At this junction, there are a number of things to watch that could serve as confirmation for which direction will likely play out.

The first of these is in the case of a breakout, and that is the upper trendline, as already outlined above. This break would signal a bullish continuation, but it would need to be supported by adequate volume to maintain this path.

Without volume, momentum struggles and could end up falling back down. But as long as the volume follows the breakout, it could lead to a Wave 7 after the completion of the Wave 6. The target for this would lie above $0.34.

The more bearish path is in the case where the price completely breaks all three supports from $0.24 all the way down to $0.22. This would invalidate the entire bullish thesis, putting the bears in charge once more.

DOGE pushes for local highs | Source: DOGEUSDT on TradingView.com
Featured image from Dall.E, chart from TradingView.com

Bitcoin’s rebound from overnight lows has reignited bullish sentiment across crypto markets, with institutional inflows and leveraged positioning pointing to potential upside. Oct 10, 2025, 12:00 p.m.

Bitcoin has bounced to over $121,000 from overnight lows under $120,000 alongside sharp gains in privacy coins such as ZEC and DASH.

Traders on decentralized exchanges continued to lean bullish, preferring out-of-the-money higher strike BTC and ETH calls. Most analysts retained constructive bias.

STORY CONTINUES BELOW

"The market is coiling at elevated levels, calm, liquid, and quietly bullish. Institutional flows remain the backbone of this phase, with ETFs acting as the liquidity bridge between traditional and digital finance. Despite short-term chop, the macro liquidity wave, corporate adoption, and structural inflows all argue for continuation," Timothy Misir, head of research at BRN, said.

Derivatives PositioningBy Omkar Godbole

Data from Coinglass shows that many BTC perpetual short positions face the risk of liquidation above $121,600. So, a sustained move above the said level could trigger a short squeeze, leading to a quick rally toward record highs.The market is undergoing a leverage reset, with volatility flushing out excess positioning on both sides, Glassnode said. Still, the overall positioning in the global BTC futures market remains elevated, with open interest just shy of the record 755K BTC.BNB, XRP, ADA, and TRX have seen a drop in futures open interest (OI) in the past 24 hours, indicating capital outflows. BTC's OI has risen by 1%, with ETH up just 0.4%.The XMR market is looking a bit overheated, with annualized funding rates nearing 60%, a sign of frenzied demand for bullish bets. Funding rates for other major tokens, including BTC and ETH, paint a bullish picture, but nothing out of the ordinary.On decentralized exchange Derive, open interest in the Oct. 31 expiry options is concentrated in calls at strikes $128K and $145K, reflecting a bullish bias. ETH options activity is equally bullish, with OI concentrated in $5K and $6K calls.On Deribit, however, the call-put skew for BTC and ETH remains mildly negative across timeframes, reflecting a bias for protective puts. Block flows on Paradigm featured ETH puts and straddles.Token TalkBy Oliver Knight

The recent Chinese memecoin frenzy which sent tokens like GIGGLE, 四, and 哈基米 on PancakeSwap V2 soaring, has abruptly fizzled out.Within 24 hours, many of these assets lost more than 95% of their value, wiping out speculative gains built on hype and social momentum.The crash coincided with a broader memecoin market downturn that Binance founder Changpeng “CZ” Zhao described as a “blood bath,” fueled by FUD and false rumors about token listings.The plunge comes after Binance rolled out its "Meme Rush" platform that was supposed to provide a structured path for tokens before being tradable on various decentralized and centralized exchanges.However, much like how Solana memecoins faded in February following the launch of TRUMP and MELANIA, BNB Chain memes appear to be following the same route to demise.Pancake Swap trading volume has remained inflated at $18 bilion over the past 24 hours, with a handful of newly-launched tokens catching a bid, although it's worth noting that liquidity remains relatively low; with wrapped bnb (WBNB) having just $35 million worth of liquidity compared to a fully diluted value of $1.6 billion.More For You

Total Crypto Trading Volume Hits Yearly High of $9.72T

Sep 9, 2025

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025

What to know:

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025Gate exchange emerged as major player with 98.9% volume surge to $746 billion, overtaking Bitget to become fourth-largest platformOpen interest across centralized derivatives exchanges rose 4.92% to $187 billionView Full Report

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‘Distribution Is the Key’: BNB’s 129% Rally Mirrors Solana’s 2024 Surge

22 minutes ago

The recent surge in BNB's price appears to be driven by Binance's scale and user reach, with $14.8 billion in inflows last quarter.

What to know:

BNB has dropped over 2.5% in 24 hours, correcting from a new all-time high above $1,300, amid high trading volatility and a surge in on-chain activity.The recent surge in BNB's price appears to be driven by Binance's scale and user reach, with $14.8 billion in inflows last quarter.The BNB Chain ecosystem is experiencing a "wealth effect" where rising token prices drive capital rotation into surrounding protocols, echoing Solana's earlier trajectory.Read full story

XRP Faces Pressure Amid Whale Panic and ETF Delays — $2.88 Remains the Key Level to WatchAccording to crypto enthusiast Royalityworld, XRP’s recent downturn underscores a mix of technical weakness, large-holder panic, and delays in ETF progress, a combination that’s shaken short-term investor confidence while spotlighting critical support near the $2.70–$2.80 zone.

Source: RoyalityworldXRP, long viewed as a leading candidate for institutional adoption in the payments sector, has seen its momentum stall in recent weeks. The token’s decline comes amid broader uncertainty across the altcoin market, with profit-taking by whales, large investors who control substantial token supplies, intensifying selling pressure. 

Royalityworld suggests that this “whale-driven panic” amplified XRP’s drop, triggering stop-loss cascades and liquidations on leveraged positions.

From a technical perspective, XRP’s chart shows clear signs of a breakdown after losing key moving averages and slipping below its bullish channel. 

Short-term sentiment has turned bearish, but analysts point to the $2.70–$2.80 range as a critical on-chain accumulation zone where long-term holders are defending positions. 

Meanwhile, stabilized wallet activity suggests selling pressure may be easing, hinting that the worst of the correction could be over.

Adding to the uncertainty is the stalled progress on XRP ETF developments. After early-year optimism over potential approvals, the silence from regulators has left investors cautious. 

According to Royalityworld, this stagnation has dampened sentiment, with traders now waiting for regulatory clarity that could revive institutional interest and fuel XRP’s next major rally.

Despite recent volatility, analysts remain cautiously optimistic. Royalityworld identifies $2.88 as the pivotal level for a potential reversal, a decisive breakout above it could reignite bullish momentum and restore XRP’s broader uptrend.

Ripple Formally Integrated into the Eurosystem via Strategic Partnership with SIAAccording to renowned crypto observer SMQKE, Ripple has been formally integrated into the Eurosystem through its strategic partnership with SIA, an Italian payment infrastructure provider known for connecting Europe’s major banks and central institutions. 

Therefore, this development marks a significant milestone for Ripple, positioning it at the heart of Europe’s digital finance infrastructure.

SIA, now part of Nexi Group, runs one of Europe’s most advanced and secure financial networks, connecting banks, payment processors, and central banks through real-time infrastructure. 

By integrating Ripple’s blockchain-powered settlement technology, this network gains the potential to deliver faster, cheaper, and more transparent cross-border payments across the Eurozone, embedding Ripple directly into the core of Europe’s financial system.

SMQKE emphasized that this integration marks more than just a partnership, it signifies Ripple’s official entry into the Eurosystem, which includes the European Central Bank and national central banks across the Eurozone. 

Through SIA’s extensive network, Ripple gains direct access to major European financial institutions, positioning the XRP Ledger for institutional adoption within regulated payment infrastructure.

ConclusionXRP’s recent downturn underscores the fragile interplay between sentiment, technicals, and institutional momentum. Whale-driven selloffs and stalled ETF progress have clouded near-term outlooks, yet strong on-chain support at $2.70–$2.80 reflects enduring investor confidence. 

The $2.88 mark now serves as a pivotal psychological and technical barrier, its reclaim could reignite bullish momentum and transform fear into renewed optimism.

Ripple’s integration into the Eurosystem via SIA marks a strategic breakthrough for blockchain adoption in regulated finance. By linking the XRP Ledger to one of Europe’s core payment infrastructures, Ripple positions itself at the crossroads of traditional banking and digital settlement innovation. 

Therefore, this move strengthens its institutional credibility while signaling Europe’s growing embrace of blockchain technology within its financial framework.

By Reuters

October 10, 202510:54 AM UTCUpdated ago

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Former PM Rishi Sunak has been hired by tech giant Microsoft.

The ex-Tory leader, who remains an MP in parliament, has joined the Seattle-based tech firm as a paid part-time senior adviser and will give the company "high-level strategic perspectives on macro-economic and geopolitical trends" as well as how these "intersect with innovation, regulation and digital transformation".

He will be donating his salary to his and his wife, Akshata Murty's, numeracy skills charity, The Richmond Project.

Acoba, the watchdog that assesses external jobs for MPs, has said Sunak will not be advising on UK policy matters.

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Hunger strikers want end to 'superhuman' AI

The Advisory Committee on Business Appointments has in the past been accused of being toothless and unable to prevent MPs from taking employment that could cause a conflict of interest, or allow former parliamentarians to use contacts made in government for personal use.

Sunak was prime minister between October 2022 and July 2024.

It was thought he could be eyeing a job in Silicon Valley, California, after his general election defeat.

But in his final prime minister's questions appearance as Conservative leader, Sunak vowed to spend more time "in the greatest place on Earth", referring to his Richmond and Northallerton constituency.

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Nvidia CEO on global AI race

He added: "If anyone needs me, I will be in Yorkshire."

Acoba has warned Sunak that he shouldn't provide advice to or on behalf of Microsoft on government work or its contracts until later next year.

Read more on Sky News:
AI 'distorting women online'
Pros and cons of digital IDs
Impact of new online safety rules

The former chancellor has also been asked not to lobby the government or make use of his Whitehall contacts during that time, and to limit his work to "providing advice on strategy, macro-economic and geopolitical matters that do not conflict" with his activities in Number 10.

The Cabinet Office told the watchdog that Sunak's year on the Tory backbenches "will have helped to diminish the salience and currency of the information" he had access to.

Sunak has also taken on a role at San Francisco-based Anthropic, which developed the Claude artificial intelligence (AI) models.

He has also become a senior adviser to Goldman Sachs since leaving office, where he previously worked between 2001 and 2004.

, /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers today announced it will release financial results for the three and nine months ended September 30, 2025, on the morning of Wednesday, October 29, 2025.  

An investor presentation and earnings press release will be accessible beginning the morning of October 29, 2025, in the Investors section of the Penske Automotive Group website at www.penskeautomotive.com.

A conference call and audio webcast to discuss these results will be held later that day as follows:

WHEN:           

Wednesday, October 29, 2025

TIME:             

2:00 PM Eastern Daylight Time

WEBCAST: 

To access the live webcast of the conference call, please visit

https://events.q4inc.com/attendee/569127626

Note:  Listeners should access the webcast 10-15 minutes before the call begins

PHONE:         

United States, please dial (800) 715-9871 (Conf. ID: 9658297)

International, please dial (646) 307-1963  (Conf. ID: 9658297)

Note:  Callers should dial-in approximately 10-15 minutes before the call begins

REPLAY:     

A webcast replay of the conference call will be available for 7 days beginning at
approximately 5:00 PM on the day of the call.  To access the webcast replay, please visit
https://investors.penskeautomotive.com/events-and-presentations

About Penske Automotive

Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. PAG operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, Japan, and Australia and is one of the largest retailers of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services principally in Australia and New Zealand. PAG employs over 28,400 people worldwide. Additionally, PAG owns 28.9% of Penske Transportation Solutions ("PTS"), a business that employs nearly 43,000 people worldwide, manages one of the largest, most comprehensive and modern trucking fleets in North America with over 414,000 trucks, tractors, and trailers under lease, rental, and/or maintenance contracts and provides innovative transportation, supply chain, and technology solutions to its customers. PAG is a member of the S&P Mid Cap 400, Fortune 500, Russell 1000, and Russell 3000 indexes. For additional information, visit the Company's website at www.penskeautomotive.com.

Inquiries should contact:

Shelley Hulgrave

Executive Vice President and

Chief Financial Officer

248-648-2812

[email protected]          

Anthony Pordon
Executive Vice President - Investor Relations        
and Corporate Development
248-648-2540
[email protected]

SOURCE Penske Automotive Group, Inc.

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SAN FRANCISCO, Oct. 10, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. ("Serve" or the "Company") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, announced today that the Company has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 6,250,000 shares of common stock, pursuant to a registered direct offering, expected to result in gross proceeds of approximately $100.0 million, before deducting placement agent fees and other offering expenses. The offering is expected to close on or about October 14, 2025, subject to the satisfaction of customary closing conditions.

The Company intends to use net proceeds from the offering for general corporate purposes, including working capital.

Northland Capital Markets acted as the sole placement agent for the transaction. Oppenheimer & Co. Inc. and Wedbush Securities Inc. are serving as capital markets advisors to the Company.

The offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-285614), which was declared effective by the Securities and Exchange Commission (the “SEC”) on March 14, 2025. A final prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Additionally, when available, electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, from Northland Securities, Inc., 150 South Fifth Street, Suite 3300, Minneapolis, MN.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Serve Robotics

Serve Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots that endeavor to make delivery sustainable and economical. Spun off from Uber in 2021 as an independent company, Serve has completed over 100,000 deliveries for enterprise partners such as Uber Eats and 7-Eleven. Serve has scalable multi-year contracts to deploy up to 2,000 delivery robots across multiple U.S. markets.

For further information about Serve Robotics (Nasdaq: SERV), please visit www.serverobotics.com or follow us on social media via X (Twitter), Instagram, or LinkedIn @serverobotics.

Safe Harbor Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Serve intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Exchange Act. These forward-looking statements can be about future events, including statements regarding Serve's intentions, objectives, plans, expectations, assumptions and beliefs about future events, including Serve's expectations with respect to the financial and operating performance of its business, its capital position, and future growth. The words "anticipate", "believe", "expect", "project", "predict", "will", "forecast", "estimate", "likely", "intend", "outlook", "should", "could", "may", "target", "plan", “on track” and other similar expressions can generally be used to identify forward-looking statements. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. Any forward-looking statements in this press release are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. Risks that contribute to the uncertain nature of the forward-looking statements include those risks and uncertainties set forth in Serve's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the United States Securities and Exchange Commission (the "SEC") and in its subsequent filings filed with the SEC. All forward-looking statements contained in this press release speak only as of the date on which they were made. Serve undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

October 10, 2025 7:00 AM EDT | Source: Nickel 28 Capital Corp
Toronto, Ontario--(Newsfile Corp. - October 10, 2025) - Nickel 28 Capital Corp. (TSXV: NKL) (FSE: 3JC0) ("Nickel 28" or the "Company") is pleased to announce the pending receipt of its ninth cash distribution from the Ramu joint venture.

Nickel 28 has received confirmation of a cash distribution for H1 2025 operating performance of approximately US$1.4 million in respect of its 8.56% joint-venture interest in the Ramu Nickel-Cobalt project in Papua New Guinea, which is operated by Metallurgical Corporation of China. Nickel 28 also received confirmation of the repayment of US$2.5 million of Nickel 28's portion of the remaining Ramu joint venture partner construction debt, reducing Nickel 28's attributable balance to approximately US$34.9 million. The timing of receipt of the distributions remains to be confirmed but is anticipated to occur during October 2025.

Nickel 28 Chief Executive Officer, Mr. Craig Lennon commented: "The cash distribution received, and the loan repayment made was impacted by reduced production in the first half of 2025, however with a full six months of uninterrupted production expected in the second half of 2025 we would expect a better result in six months' time, assuming commodity prices remain the same or improve. As we have detailed previously, the first half of 2025 was impacted by the mechanical failure of one of the two blowers in the acid plant at Ramu's HPAL facility that reduced production from mid-November 2024 through to mid-February 2025. As previously mentioned, all three HPAL trains completed their annual maintenance in the first half of 2025."

Mr. Lennon also noted: "Projects within our royalty portfolio are progressing well, with an article published recently on the Dumont Nickel project, indicating positive developments on a power allocation. As well, Giga Metals has announced that it is undertaking a geophysics program at its flagship Turnagain project in northern British Columbia, and Australian Mines announce a targeted ~1,000m drilling program at its Flemington Project in NSW, Australia. While the projects still have some time until they are in production, these activities are all positive developments for Nickel 28's royalty portfolio.

About Nickel 28

Nickel 28 Capital Corp. is a nickel-cobalt producer through its 8.56% joint-venture interest in the producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New Guinea. Ramu provides Nickel 28 with significant attributable nickel and cobalt production thereby offering our shareholders direct exposure to two metals which are critical to the adoption of electric vehicles. In addition, Nickel 28 manages a portfolio of 10 nickel and cobalt royalties on development and exploration projects in Canada, Australia and Papua New Guinea.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain information which constitutes 'forward-looking statements' and 'forward-looking information' within the meaning of applicable Canadian securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to: statements and figures with respect to the operational and financial results of the Ramu project (including the total amount of the anticipated distribution (and the timing thereof)); statements related to the repayment of the Company's Ramu operating debt (and the timing thereof); statements related to the Company's attributable cash flow (and the receipt and timing thereof); and statements with respect to the business and assets of the Company and its strategy going forward. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the Company's control. Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements.

The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

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. No securities regulatory authority has either approved or disapproved of the contents of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269804

October 10, 2025 07:00 ET

 | Source:

Inspire Medical Systems

MINNEAPOLIS, Oct. 10, 2025 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) (Inspire), a medical technology company focused on the development and commercialization of innovative, minimally invasive solutions for patients with obstructive sleep apnea (OSA), today published Inspire V clinical outcomes data from its Singapore clinical study as well as the Company’s limited market release in the United States including single site experience at two leading centers. These data will be presented at the American Otolaryngology-Head and Neck Surgery (AAO-HNS) and International Surgical Sleep Society (ISSS) meetings being conducted in Indianapolis between October 9 and October 14.

“We are incredibly excited to publish first-time clinical evidence on the Inspire V system. The design of the Inspire V system captures experience built over 25 years with Inspire therapy including over 100,000 patients implanted, and we are proud to provide the initial data from this advanced platform,” stated Tim Herbert, Chairman and Chief Executive Officer of Inspire Medical Systems. “Our initial experience raises the bar for what a successful therapy needs to achieve for both safety and efficacy. The data show that the Inspire V system provides very high and consistent patient adherence of over six hours per night which a patient’s physician can monitor with our SleepSync™ patient management platform.”

“The data presented at the ISSS/AAO-HNS meetings in Indianapolis this weekend demonstrate the benefits that Inspire therapy brings to the many patients struggling with OSA,” stated Paul Hoff, M.D., M.S., Inspire Vice President, Senior Medical Director. “The strong safety, superior respiratory sensing, and increased adherence, combined with a 20% reduction in surgical times and features designed to enhance patient comfort, demonstrate a truly significant advancement with the Inspire V system.”

The Inspire V system trial conducted in Singapore at two centers was the initial experience with the new device. The study included 44 patients who received the Inspire V system and are being followed for six months post implant. The surgeons demonstrated a 20% reduction in surgical times as compared to their Inspire IV case times and 100% of the procedures were completed successfully. A key feature of the Inspire V system is that the respiratory sensing is internal to the neurostimulator, eliminating the need for the pressure sensing lead required with prior generations. The Inspire design provides for closed-loop stimulation to optimize therapy outcomes, and the primary endpoint of this Inspire V study was to measure the inspiratory phase overlap percentage (IPOP), which measures how well inspiration is covered by stimulation. The results showed the Inspire V device to be superior to the Inspire IV device (Inspire V IPOP of 87.1% vs 79.4% for Inspire IV with a non-inferiority margin of 4.6%). Important secondary measures included patient adherence to therapy of all 44 patients averaged 5.5±1.7 hours/night at a mean of 246 days post-implant, as well as the median reduction in the Apnea Hypopnea Index (AHI), as measured by overnight polysomnography (PSG), to be 34.4 events/hour at baseline to 8.3 events/hour at month six for the 37 patients who have completed this clinical visit to date. The safety profile was equally strong with only two patients requiring post-operative antibiotics for wound care that resolved within two weeks following the procedure. Once the remaining patients complete their six-month visit, these data will be submitted for publication.

In the United States, the Company conducted a limited market release evaluation of the Inspire V system at 10 leading centers with 101 patients. All device procedures were completed successfully with no serious adverse events, and all patients continue to use their Inspire therapy. At the 60-day check, all 101 patients were using their therapy with an average stimulation amplitude of 1.7 volts and an average usage of 6.8 hours/night. At the subsequent sleep study, data on the first 34 patients demonstrated a median reduction in AHI from 30 to 4.5 events/hours, noting that these are therapeutic values. With these 34 patients, the average amplitude remained steady at 1.7 volts and therapy adherence remained consistent at 6.7 hours/night.

The limited market release also provided single-site results from two of the centers. Dr. Phil Huyett from the Massachusetts Eye and Ear Infirmary in Boston reported that for his first nine patients, all procedures were completed successfully with an average surgical implant time of 34.5 minutes for a standard Inspire placement, and slightly longer for revised techniques. Dr. Nic Beckmann at Colorado ENT and Allergy in Colorado Springs reported an increase in implant volume with Inspire V due to the shorter procedure times averaging 12 implants per surgery day compared to an average of 9 cases per surgery day with Inspire IV. Dr. Beckmann also discussed the current reimbursement levels as well as the proposed 2026 Medicare reimbursement for the Inspire V CPT code.

Sessions of Interest

Friday, October 10

7:00 a.m. – 8:00 a.m. ET: Next Generation Hypoglossal Nerve Stimulation for the Treatment of Obstructive Sleep Apnea: Results of the Inspire V Study (Ryan Soose, M.D., Tom Kaffenberger, M.D., Nic Beckmann, D.O., F.A.A.O.A., Phil Huyett, M.D.)
Sunday, October 12

2:30 p.m. – 3:30 p.m. ET: Next Generation Hypoglossal Nerve Stimulation for the Treatment of Obstructive Sleep Apnea: Results of the Inspire V Study (Nic Beckmann, D.O., F.A.A.O.A., Maria Suurna, M.D., Mark Aloia, Ph.D., Michael Coleman)
About Inspire Medical Systems
Inspire is a medical technology company focused on the development and commercialization of innovative, minimally invasive solutions for patients with obstructive sleep apnea. Inspire’s proprietary Inspire therapy is the first and only FDA, EU MDR, and PDMA-approved neurostimulation technology that provides a safe and effective treatment for moderate to severe obstructive sleep apnea.

For additional information about Inspire, please visit www.inspiresleep.com.

About AAO-HNS
The American Academy of Otolaryngology–Head and Neck Surgery (AAO-HNS) is one of the world’s largest organizations representing specialists who treat the ears, nose, throat, and related structures of the head and neck. Otolaryngologist–head and neck surgeons diagnose and treat medical disorders that are among the most common affecting patients of all ages in the United States and around the world. Those medical conditions include chronic ear disease, hearing and balance disorders, hearing loss, sinusitis, snoring and sleep apnea, allergies, swallowing disorders, nosebleeds, hoarseness, dizziness, and tumors of the head and neck as well as aesthetic and reconstructive surgery and intricate micro-surgical procedures of the head and neck. The Academy has approximately 13,000 members.

About ISSS
The International Surgical Sleep Society (ISSS) is dedicated to improving equitable care for all patients with sleep disordered breathing through collaboration, research, education, advocacy and innovation and has over 600 global members.

Forward Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts are forward-looking statements, including, those relating to the strength and potential benefit of the Inspire V system clinical data. Forward-looking statements involve inherent risks and uncertainties, and important factors could cause actual results to differ materially from those anticipated, including the factors identified under “Risk Factors” and "Management's Discussion and Analysis of Financial Condition and Results of Operations“ in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as updated in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, and as such factors may be updated from time to time in our other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov and the Investors page of our website at www.inspiresleep.com. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future events.

Investor and Media Contact
Ezgi Yagci
Vice President, Investor Relations
[email protected]
617-549-2443

October 10, 2025 7:00 AM EDT | Source: Gunnison Copper Corp.
Phoenix, Arizona--(Newsfile Corp. - October 10, 2025) - Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS0) ("Gunnison" or the "Company") is pleased to announce a non-brokered private placement (the "Offering") for gross proceeds of up to C$15 million from the sale of up to 33,333,333 units of the Company (each, a "Unit") at a price of C$0.45 per Unit. Red Cloud Securities Inc. will be acting as a finder in connection with the Offering.

Each Unit will consist of one common share of the Company (each, a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of C$0.65 at any time for a period of 36 months following the issue date.

The Company intends to use to use the net proceeds from the Offering for drilling, metallurgical testing and permitting activities that will be incorporated in a pre-feasibility study for the Gunnison Copper Project, funding US head office general and administrative expenses, partial repayment of outstanding debt due to Nebari, and for general working capital purposes.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), up to 24,858,878 Units (the "LIFE Units") will be offered for sale to purchasers in all of the provinces of Canada, except Québec (the "Canadian Selling Jurisdictions") pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The securities issuable pursuant to the sale of the LIFE Units are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.

The up to 8,474,455 Units not sold pursuant to the Listed Issuer Financing Exemption (the "Non-LIFE Units") will be offered: (a) by way of private placement in the Canadian Selling Jurisdictions pursuant to applicable exemptions from the prospectus requirements under applicable Canadian securities laws; (b) in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to the exemptions from the registration requirements provided for under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"); and (c) in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction. The securities issuable pursuant to the sale of Non-LIFE Units will be subject to a four-month hold period in Canada pursuant to applicable Canadian securities laws.

The closing of the Offering is expected to occur on or around October 29, 2025 and is subject to receipt of all necessary regulatory approvals including the Toronto Stock Exchange (the "TSX"). Finder's fees will be payable in accordance with the policies of the TSX.

There is an offering document related to the Units being sold pursuant to the Listed Issuer Financing Exemption that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.gunnisoncopper.com. Prospective Canadian investors purchasing under the Listed Issuer Financing Exemption should read this offering document before making an investment decision.

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 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.

ABOUT GUNNISON COPPER

Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer that controls the Cochise Mining District (the district), containing 12 known deposits within an 8 km economic radius, in the Southern Arizona Copper Belt.

Its flagship asset, the Gunnison Copper Project, has a Measured and Indicated Mineral Resource containing over 831.6 million tons with a total copper grade of 0.31% (Measured Mineral Resource of 191.3 million tons at 0.37% and Indicated Mineral Resource of 640.2 million tons at 0.29%), and a preliminary economic assessment ("PEA") yielding robust economics including an NPV8% of $1.3 billion, IRR of 20.9%, and payback period of 4.1 years. It is being developed as a conventional operation with open pit mining, heap leach, and SX/EW refinery to produce finished copper cathode on-site with direct rail link.

The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the conclusions reached in the PEA will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

In addition, Gunnison's Johnson Camp Asset, which is now in production, is fully funded by Nuton LLC, a Rio Tinto Venture, with a production capacity of up to 25 million lbs of finished copper cathode annually.

Other significant deposits controlled by Gunnison in the district, with potential to be economic satellite feeder deposits for Gunnison Project infrastructure, include Strong and Harris, South Star, and eight other deposits.

For additional information on the Gunnison Project, including the PEA and mineral resource estimate, please refer to the Company's technical report entitled "Gunnison Project NI 43-101 Technical Report Preliminary Economic Assessment" dated effective November 1, 2024 and available on SEDAR+ at www.sedarplus.ca.

Dr. Stephen Twyerould, Fellow of AUSIMM, President and CEO of the Company is a Qualified Person as defined by NI 43-101. Dr. Twyerould has reviewed and is responsible for the technical information contained in this news release.

For more information on Gunnison, please visit our website at www.GunnisonCopper.com.

For further information regarding this press release, please contact:

Gunnison Copper Corp.
Concord Place, Suite 300, 2999 North 44th Street, Phoenix, AZ, 85018

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

Certain statements contained in this release constitute forward-looking information within the meaning of applicable Canadian securities laws. Such forward-looking statements relate the completion of the Offering or any tranche thereof; the number of securities to be issued under the Offering and the gross proceeds received; the timing of the closing of the Offering; the payment of any finders fees and the form thereof; the use of net proceeds from the Offering; the intention to deploy the Nuton® technology at the Johnson Camp mine and future production therefrom; the continued funding of the stage 2 work program by Nuton; the details and expected results of the stage two work program; future production and production capacity from the Company's mineral projects; the results of the preliminary economic assessment on the Gunnison Project; and the exploration and development of the Company's mineral projects.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the TSX approves the Offering, the timing of closing the Offering, Nuton will continue to fund the stage 2 work program, the availability of financing to continue as a going concern and implement the Company's operational plans, the estimation of mineral resources, the realization of resource and reserve estimates, copper and other metal prices, the timing and amount of future development expenditures, the estimation of initial and sustaining capital requirements, the estimation of labour and operating costs (including the price of acid), the availability of labour, material and acid supply, receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to the Company not obtaining adequate financing to continue operations, Nuton failing to continue to fund the stage 2 work program, the breach of debt covenants, risks inherent in the construction and operation of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined including the possibility that mining operations may not be sustained at the Gunnison Copper Project, risks related to the delay in approval of work plans, variations in mineral resources and reserves, grade or recovery rates, risks relating to the ability to access infrastructure, risks relating to changes in copper and other commodity prices and the worldwide demand for and supply of copper and related products, risks related to increased competition in the market for copper and related products, risks related to current global financial conditions, risks related to current global financial conditions on the Company's business, uncertainties inherent in the estimation of mineral resources, access and supply risks, risks related to the ability to access acid supply on commercially reasonable terms, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the construction or mining process, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269937

, /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) ("Lennar"), one of the nation's leading homebuilders, announced today its offer to exchange the approximately 20% it owns of the total outstanding shares of Millrose Properties, Inc. (NYSE: MRP) ("Millrose") for outstanding shares of Lennar Class A common stock (the "Exchange Offer"). In February 2025, Lennar completed the spin-off of Millrose through a distribution of approximately 80% of Millrose's stock to Lennar stockholders.

The Exchange Offer begins immediately and will expire on November 7, 2025, unless extended or terminated. The Exchange Offer enables Lennar stockholders to exchange shares of Lennar Class A common stock for shares of Millrose Class A common stock at a 6% discount, subject to an upper limit of 4.1367 shares of Millrose Class A common stock per share of Lennar Class A common stock tendered and accepted in the Exchange Offer.

Lennar will determine the ratio at which shares of Lennar Class A common stock and shares of Millrose Class A common stock will be exchanged by reference to the arithmetic average of the daily volume-weighted average prices of shares of Lennar Class A common stock and Millrose Class A common stock on the NYSE during the three consecutive trading days ending on and including the second trading day preceding the expiration date of the Exchange Offer, which are expected to be November 3, November 4 and November 5, 2025, if the Exchange Offer is not extended or terminated. The final exchange ratio, reflecting the number of shares of Millrose Class A common stock that tendering stockholders will receive for each share of Lennar Class A common stock accepted in the Exchange Offer, will be announced by press release by 9:00 a.m., New York City time, on the trading day immediately preceding the expiration date of the Exchange Offer (which expiration date, if the Exchange Offer is not extended or terminated, will be November 7, 2025). The final exchange ratio, when announced, and a daily indicative exchange ratio beginning on the third trading day of the Exchange Offer period, will also be available at www.envisionreports.com/lennarexchange.

The Exchange Offer is being registered under the Securities Act of 1933 in a registration statement on Form S-4 (the "Registration Statement") filed by Millrose with the Securities and Exchange Commission ("SEC") today. The terms and conditions of the Exchange Offer are contained in the prospectus included in that Registration Statement (the "Prospectus") and a tender offer statement on Schedule TO filed by Lennar with the SEC today. Copies of the Prospectus, together with documents with which to tender shares, are being sent or made available to all Lennar Class A stockholders.

The Exchange Offer cannot be completed until the Registration Statement becomes effective. The SEC has announced that during the current U.S. federal government shutdown, the SEC will not declare registration statements effective. If the shutdown does not end by the anticipated November 7, 2025 expiration date, Lennar will either have to extend the expiration date or withdraw the Exchange Offer. If the shutdown is still in effect at midnight on October 31, 2025, Lennar will announce by 11:59 pm on October 31, 2025 whether it will (1) extend the Exchange Offer and, if so, the extended expiration date, or (2) terminate the Exchange Offer.

The completion of the Exchange Offer is subject to certain conditions. Lennar can withdraw the Exchange Offer at any time before it accepts tendered shares.

Lennar currently owns 33,298,764 shares of Millrose Class A common stock as of October 7, 2025, representing approximately 20% of the outstanding shares of Millrose Class A common stock. Lennar is offering to exchange up to all of these shares for outstanding shares of Lennar Class A common stock. If the Exchange Offer is consummated but not fully subscribed, Lennar intends to dispose of the shares of Millrose Class A common stock that were not exchanged through a subsequent spin-off, split-off, public offering, private sale or any combination of these potential transactions. If Lennar stockholders tender shares that would entitle them to receive more shares of Millrose Class A common stock than Lennar owns, Lennar will accept only a pro-rata portion of the shares that are tendered by each Lennar stockholder.

The Exchange Offer is voluntary for Lennar Class A stockholders. No action is necessary for Lennar Class A stockholders who choose not to participate. No offer is being made to holders of Lennar Class B common stock, and such holders are not eligible to participate in the Exchange Offer.

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are serving as dealer managers for the Exchange Offer. Vestra Advisors, LLC is acting as exclusive financial advisor to Millrose.

About Lennar
Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar's technology, innovation and strategic investments.

Forward-Looking Statements
This communication contains certain statements about Lennar and Millrose that are forward-looking statements. Forward-looking statements are based on current expectations and assumptions regarding Lennar's and Millrose's respective businesses, the economy and other future conditions. In addition, the forward-looking statements contained in this communication may include statements about the expected effects on Lennar and Millrose of the Exchange Offer, the anticipated timing and benefits of the Exchange Offer, Lennar's and Millrose's anticipated financial results, and other statements that are not historical facts.

Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and are detailed more fully in Lennar's and Millrose's respective periodic reports filed from time to time with the SEC, the Registration Statement relating to the Exchange Offer and the Prospectus forming a part of it, the Schedule TO and other Exchange Offer documents filed by Lennar or Millrose, as applicable, with the SEC. Additionally, the possibility that the ongoing U.S federal government shutdown will cause the SEC not to be able to declare the Registration Statement effective before the expected expiration of the Exchange Offer may cause the anticipated timing and completion of the Exchange Offer to differ materially from what is described in this press release. Such uncertainties, risks and changes in circumstances could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements included herein are made as of the date hereof, and neither Lennar nor Millrose undertakes any obligation to update publicly such statements to reflect subsequent events or circumstances, except to the extent required by applicable securities laws. Investors should not put undue reliance on forward-looking statements.

Additional Information and Where to Find It
This communication is for informational purposes only and is not an offer to sell or exchange, a solicitation of an offer to buy or exchange any securities and a recommendation as to whether investors should participate in the Exchange Offer. Millrose has filed with the SEC a Registration Statement on Form S-4 that includes the Prospectus. The Exchange Offer is made solely by the Prospectus. The Prospectus contains important information about the Exchange Offer, Lennar, Millrose and related matters, and Lennar will deliver the Prospectus to holders of Lennar Class A common stock. INVESTORS AND SECURITYHOLDERS ARE URGED TO READ THE PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC BEFORE MAKING ANY INVESTMENT DECISION, BECAUSE THEY CONTAIN IMPORTANT INFORMATION. None of Lennar, Millrose or any of their respective directors or officers or the dealer managers appointed with respect to the Exchange Offer makes any recommendation as to whether you should participate in the Exchange Offer.

Lennar has filed with the SEC a Schedule TO, which contains important information about the Exchange Offer.

Holders of Lennar Class A common stock may obtain copies of the Prospectus, the Registration Statement, the Schedule TO and other related documents, and any other information that Lennar and Millrose file electronically with the SEC free of charge at the SEC's website at http://www.sec.gov. Holders of Lennar Class A common stock will also be able to obtain a copy of the Prospectus by clicking on the appropriate link on www.envisionreports.com/lennarexchange.

Lennar has retained Georgeson LLC as the information agent for the Exchange Offer. To obtain copies of the Prospectus and related documents, or for questions about the terms of the Exchange Offer or how to participate, you may contact the information agent at +1 (888) 624-7035 (toll-free for stockholders, banks and brokers) or +1 (218) 209-2908 (all others outside the United States and Canada).

Contact:
Ian Frazer
Investor Relations
Lennar Corporation
(305) 485-4129

SOURCE Lennar Corporation

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Global fintech and capital-markets veteran to drive Zeta Network's institutional expansion and digital-asset treasury strategy

, /PRNewswire/ -- Zeta Network (Nasdaq: ZNB), today announced the appointment of Patrick Ngan as Chief Investment Officer (CIO), effective on October 8, 2025. In this role, Mr. Ngan will oversee Zeta Network's global investment and institutional digital-asset treasury strategy, with a mandate to enhance compliance, institutional governance, risk management, and transparency consistent with U.S. public-company standards.

Mr. Ngan is a seasoned executive with more than two decades of cross-border experience in investment banking, corporate finance, fintech, and blockchain infrastructure. Earlier in his career, he held senior positions in equity capital markets at UBS, ABN AMRO, and Huatai International, advising on IPOs, capital-markets transactions and M&A financings across Asia and the United States.

As an entrepreneur, Mr. Ngan co-founded Nova Vision Acquisition Corp (Nasdaq: NOVVU) and successfully led its IPO on Nasdaq, culminating in a landmark business combination in 2024. He also co-founded and served as CEO of Alchemy Pay, a cryptocurrency payment platform bridging fiat and digital payments globally, and co-founded QFPay International, a leading digital-payment solutions provider with operations across Asia and the Middle East. Mr. Ngan holds an Executive Management diploma from the Graduate School of Business, Stanford University, an MSc. in Accounting and Finance from the University of Southampton, UK, and a BA (Hons.) in Accounting and Finance from the University of Plymouth, UK.

"Patrick brings the ideal combination of capital-markets discipline, fintech innovation, and global execution experience to Zeta Network," said Samantha Huang, Chief Executive Officer of Zeta Network. "His appointment is expected to strengthen our treasury framework, accelerate our institutional growth and reinforce our commitment to transparency, governance, and long-term value creation."

"Our goal is to build a resilient, transparent, and institutionally credible digital-asset treasury," said Patrick Ngan, Chief Investment Officer of Zeta Network. "We will apply rigorous governance, conservative risk frameworks, and robust disclosure practices to uphold the trust and confidence of investors, regulators and partners."

As Chief Investment Officer, Mr. Ngan will lead key initiatives including:

Governance & Compliance — establishing board-approved investment policies, valuation frameworks, and disclosure standards aligned with U.S. regulatory public-company requirements;
Institutional Partnerships — expanding relationships with asset managers, custodians, and execution venues to enhance transparency, liquidity and scalability;
Strategic Capital Formation — driving cross-border financing, M&A, and capital-markets initiatives to support Zeta Network's long-term growth and integration strategy.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; risks associated with managing and investing in digital assets; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; the ability of Zeta Network Group to meet NASDAQ listing standards in connection with the consummation of the transaction contemplated therein; and other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by Zeta Network Group. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.

SOURCE Zeta Network Group

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Nutriband initiates commercial worldwide brand name development for its lead product, an abuse deterrent transdermal system.

Nutriband has partnered with Brand Institute, Inc, the global leader in pharmaceutical and healthcare-related brand name and identity development.

ORLANDO, Fla., Oct. 10, 2025 (GLOBE NEWSWIRE) -- Nutriband Inc. (NASDAQ:NTRB)(NASDAQ:NTRBW), a company engaged in the development of prescription transdermal pharmaceutical products, today announced that through its 4P Therapeutics subsidiary, it has signed an agreement with Brand Institute, Inc, the global leader in pharmaceutical and healthcare-related brand name and identity development services to develop the worldwide commercial brand name and visual identity for its lead product, an abuse deterrent fentanyl transdermal system. This product utilizes Nutriband’s AVERSA™ abuse deterrent transdermal technology and has the development name AVERSA™ FENTANYL.

AVERSA™ FENTANYL has the potential to be the world’s first abuse-deterrent opioid patch designed to deter abuse and misuse and reduce the risk of accidental exposure of opioids such as fentanyl.

Developing a proprietary brand name for a prescription drug product is a critical element in drug product development because the end users (doctors, pharmacists, patients) must be able to easily distinguish a proprietary name from other drug names that are phonetically similar (sound-alike names) or similar in their spelling or appearance (look-alike names). In addition, if the drug name is otherwise confusing or misleading, the patient might receive the wrong product and the subsequent medication error could lead to significant harm to the patient.

Brand Institute has been leading the market for over 20 years with a 75% share of drug name approvals globally, including 87% of FDA approved names in 2024. BI has been responsible for many of the opioid chronic pain product brand names approved by FDA, and a majority of the abuse deterrent opioid product brand names approved in the United States.

Drug Safety Institute (DSI), a wholly owned regulatory subsidiary of Brand Institute, will provide regulatory services, solutions and support on the project. DSI is led by former officials from US Food & Drug Administration (FDA), European Medicines Agency (EMA), Health Canada (HC), United States Adopted Name Council (USAN), and World Health Organization (WHO) who co-authored the naming guidance documents while with their former respective agencies.

Nutriband’s AVERSA™ abuse-deterrent technology is utilized to incorporate aversive agents into transdermal patches to prevent the abuse, diversion, misuse, and accidental exposure of drugs with abuse potential including opioids and stimulants. The AVERSA™ abuse deterrent technology is protected by a broad international intellectual property portfolio with patents issued in 46 countries including the United States, Europe, Japan, Korea, Russia, China, Canada, Mexico, and Australia.

About AVERSA™ Abuse-Deterrent Transdermal Technology

Nutriband's AVERSA™ abuse-deterrent transdermal technology incorporates aversive agents into transdermal patches to prevent the abuse, diversion, misuse, and accidental exposure of drugs with abuse potential. The AVERSA™ abuse-deterrent technology has the potential to improve the safety profile of transdermal drugs susceptible to abuse, such as fentanyl, while making sure that these drugs remain accessible to those patients who really need them. The technology is covered by a broad intellectual property portfolio with patents granted in the United States, Europe, Japan, Korea, Russia, China, Canada, Mexico, and Australia.

About Nutriband, Inc.

We are primarily engaged in the development of a portfolio of transdermal pharmaceutical products. Our lead product under development is an abuse-deterrent fentanyl patch incorporating our AVERSA™ abuse-deterrent technology. AVERSA™ technology can be incorporated into any transdermal patch to prevent the abuse, misuse, diversion, and accidental exposure of drugs with abuse potential.

The Company's website is www.nutriband.com. Any material contained in or derived from the Company's websites or any other website is not part of this press release.

About Brand Institute, Inc., and wholly owned regulatory subsidiary, Drug Safety Institute

Brand Institute is the global leader in pharmaceutical and healthcare-related name development, with a portfolio of over 5,000 marketed healthcare brand names and 1,800 USAN/INN nonproprietary names for nearly 1,600 clients. The company partners on over 75% of pharmaceutical brand and nonproprietary name approvals globally every year with healthcare manufacturers. Drug Safety Institute is composed of former naming regulatory officials from global government health agencies, including Food and Drug Administration (FDA), European Medicines Agency (EMA), Health Canada (HC), American Medical Association (AMA), and the World Health Organization (WHO). These regulatory experts co-authored the name review guidelines while with their former respective agencies, with many responsible for ultimately approving (or rejecting) brand name applications to ensure safety and prevent medication errors. To learn more about Brand Institute's capabilities and experience, please visit www.brandinstitute.com and contact your local Brand Institute representative.

Forward-Looking Statements

Certain statements contained in this press release, including, without limitation, statements containing the words ‘'believes," "anticipates," "expects" and words of similar import, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve both known and unknown risks and uncertainties. The Company's actual results may differ materially from those anticipated in its forward-looking statements as a result of a number of factors, including those including the Company's ability to develop its proposed abuse-deterrent fentanyl transdermal system and other proposed products, its ability to obtain patent protection for its abuse technology, its ability to obtain the necessary financing to develop products and conduct the necessary clinical testing, its ability to obtain Federal Food and Drug Administration approval to market any product it may develop in the United States and to obtain any other regulatory approval necessary to market any product in other countries, including countries in Europe, its ability to market any product it may develop, its ability to create, sustain, manage or forecast its growth; its ability to attract and retain key personnel; changes in the Company's business strategy or development plans; competition; business disruptions; adverse publicity and international, national and local general economic and market conditions and risks generally associated with an undercapitalized developing company, as well as the risks contained under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's Form S-1, Forms 10-K’s and Forms 10-Q’s, and the Company's other filings with the Securities and Exchange Commission. Except as required by applicable law, we undertake no obligation to revise or update any forward-looking statements to reflect any event or circumstance that may arise after the date hereof.

Contact Information:

Nutriband Inc.
Phone: 407-377-6695
Email: [email protected]

SOURCE: Nutriband Inc.

TORONTO, ON / ACCESS Newswire / October 10, 2025 / McFarlane Lake Mining Limited (CSE:MLM)(OTCQB:MLMLF) ("McFarlane Lake" or the "Company"), a Canadian gold exploration and development company, is pleased to announce that it closed the final tranche (the "Final Tranche") of its previously announced non-brokered private placement offering of units (the "Units") at a price of $0.15 per Unit and flow-through shares (the "FT Shares") of the Company at a price of $0.15 per FT Share (the "Offering"). The Company closed the first tranche of the Offering on September 26, 2025.