Akcie společnosti Microsoft za poslední měsíc vzrostly zhruba o 8 % poté, co tržby Azure poprvé překonaly 100 mld. USD, což představuje meziroční nárůst o 41 %.
Artificial intelligence (AI) stocks are having a rough time lately as some investors question the high costs of building data center infrastructure. And it likely won't slow down any time soon. Estimates from S&P Global show that AI infrastructure spending could surpass $1.3 trillion globally next year.
And investors are increasingly concerned that spending all of this spending may not turn into significant sales or earnings for the leading AI companies.
But Microsoft (MSFT -1.93%) is bucking the downward trend. Its shares have gained around 8% over the past month on optimism about its Azure cloud computing growth and its latest Copilot AI update.
Here's why investors are right to be optimistic about Microsoft's long-term AI prospects.
Image source: The Motley Fool.
Azure growth proves Microsoft's AI investments are working Microsoft reported its Q4 fiscal 2026 results in July and said at the time that "Customer demand continues to exceed available capacity" for its Azure cloud services.
The surge in demand for Azure services was driven by customers needing more AI capacity, resulting in Azure cloud revenue surpassing $100 billion for the first time -- a 41% increase from the previous year.
Microsoft's Intelligent Cloud revenue, which includes Azure, accounts for about 44% of the company's total revenue. So a significant increase in Azure sales is an important indicator that the company is making the right moves to tap into the rising demand for AI cloud services.
That's important for two reasons. The first is that the AI cloud market will accelerate, reaching an estimated $2 trillion globally by 2030. Microsoft's Azure is already a leading player, holding the second-largest global cloud market share at 21%.
Second, it shows that Microsoft's big AI investments are paying off. The company will spend about $175 billion this year on capital expenditures, most of it on AI infrastructure.
That's a huge sum of money, but Azure's rising sales and the $100 billion in annual revenue show that, at least so far, it's been money well spent. And management estimates that Azure revenue will increase by 45% in fiscal 2027, which should put to rest any worries investors have about Microsoft's ability to continue converting AI investment into sales.
MSFT Microsoft$529.05-$10.39 (-1.93%)
NASDAQ · As of 4:00 PM ET 10/16/26
Copilot proves Microsoft can still adapt to new software trends Azure may make the headlines for Microsoft these days, but the company's software moves are also a big part of its AI strategy.
Microsoft's new Copilot app can run on a desktop, similar to Anthropic's Claude, and help users code, has more workplace integrations, and completes some tasks autonomously. Microsoft wants it to be the new "OS for work," and its long-standing appeal to enterprise users means it has a good chance of benefiting from this space for years to come.
Even before the new Copilot version launched, the app had 30 million paid subscribers, a 50% jump from just a few months prior.
All of this matters because enterprise companies are increasingly shifting their focus from traditional software to AI capabilities. Research firm Gartner said recently that companies no longer want new features; they want "better outcomes" from AI. With Microsoft's new Copilot, the company is leaning into that sentiment by putting AI at the core of its products.
With its current trajectory, Microsoft could likely double its paid Copilot seats by the end of fiscal 2027.
A great long-term AI play With Microsoft's emphasis on AI enterprise software and its expanding Azure sales, the company is well-positioned to continue tapping into AI over the long term.
And considering that its shares have a trailing price-to-earnings (P/E) ratio of just 27 -- compared to the tech sector average P/E ratio of 33 -- Microsoft stock also looks like a relatively good deal right now.
WisdomTree uvedla na Texas Stock Exchange ETF WSLS a WTAL s nákladovostí 0,88 %, která nabízejí dlouhé/krátké strategie řízené modely strojového učení AlphaBeta.
Hedge funds have long kept systematic long/short strategies out of reach for ordinary investors, but WisdomTree just listed two ETFs on the Texas Stock Exchange that aim to change that using AI models from a firm WisdomTree now partly owns.
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On October 8, 2026, WisdomTree announced the launch of the WisdomTree Efficient Long/Short U.S. SmallCap Equity Fund (TXSE:WSLS) and the WisdomTree Global Alpha Fund (TXSE:WTAL). Both funds have an expense ratio of 0.88%.
WisdomTree says the two funds give investors access to systematic long/short strategies “traditionally associated with hedge funds” through an ETF structure. They are WisdomTree’s first launches on the Texas Stock Exchange (TXSE), which already lists ETFs from other issuers.
How a Long/Short Fund Tries to Make Money
A long position makes money when a stock rises. A short position makes money when a stock falls. A fund that holds both can try to earn from the gap between the stocks it expects to do well and the ones it expects to lag.
A long/short strategy can seek returns from relative stock performance, but its sensitivity to the overall market depends on how the long and short exposures are balanced. WSLS also retains broad small-cap market exposure.
WisdomTree has used this approach before. The new funds build on the WisdomTree Efficient Long/Short U.S. Equity Fund (WTLS), which WisdomTree launched in January 2026.
WSLS Stacks a Stock-Picking Layer on Top of Small Caps
WSLS holds broad U.S. small-cap exposure, either through stocks or through derivatives (contracts whose value tracks an underlying asset), and on top of that core it runs a dynamic long/short “overlay,” which is a second strategy layered over the main holdings. WisdomTree’s thinking is that individual small-cap stocks have more widely spread returns, which may give its models more room to add value.
WTAL Aims to Earn Whether Markets Rise or Fall
WisdomTree says WTAL runs two long/short overlays: one in U.S. stocks and one in international stocks. According to WisdomTree, it gets that exposure through derivatives, including swaps (agreements in which two parties trade the returns of different assets), and holds Treasuries and cash as collateral.
WisdomTree says WTAL aims for a market-neutral return stream, meaning its results should come from how its stock picks perform against each other, with market direction playing a much smaller role. A traditional stock fund earns money when markets rise. WTAL is designed to earn from the spread between its winners and losers in any kind of market.
According to Jeremy Schwartz, WisdomTree’s Global Chief Investment Officer, “many investors want returns that don’t simply rise and fall with the broader market, but accessing those returns has often meant adding complexity to a portfolio.”
An Israeli Fintech Partner WisdomTree Partly Owns
Both funds pick investments using machine learning models developed by AlphaBeta. The models are trained on historical data to forecast a security’s return and/or risk. AlphaBeta is an Israeli fintech firm that specializes in quantitative and AI-driven strategies, and WisdomTree announced a strategic minority investment in the company in November 2025.
Leverage, Models and a Fee Hurdle
WisdomTree’s own disclosures list the risks. Both funds use derivatives, which create leverage, and the value of an investment may change quickly and without warning. Both are actively managed but rely heavily on quantitative models that may not perform as intended. WTAL also carries the added risks of investing in foreign stocks.
At WisdomTree’s stated 0.88% a year, each fund has to earn back its fee before an investor gets any benefit. That fee is far higher than many plain index funds charge, so the models have to produce enough extra return to cover the difference.
What to Look For Going Forward
Putting hedge fund-style strategies inside an ETF fixes the access problem. Anyone with a brokerage account can buy shares, with no high minimum investment. The harder question is whether the models can produce returns that support the fee and the leverage.
Over the coming months, investors can monitor asset growth, holdings, trading spreads, and shareholder reports, while assessing whether the strategies deliver adequate returns after expenses. For more on recent ETF launches on the same exchange, see our coverage of a new power-focused ETF that also sells calls.
Contact [email protected] for any questions or corrections.
Counterpoint Mutual Funds ve třetím čtvrtletí nově otevřel pozici v 39 964 akciích společnosti Marvell Technology (MRVL) v hodnotě přibližně 10,559 milionu USD.
Counterpoint Mutual Funds LLC bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 39,964 shares of the semiconductor company’s stock, valued at approximately $10,559,000. Marvell Technology makes up about 0.9% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 14th biggest position.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Focused Wealth Management Inc bought a new position in Marvell Technology in the first quarter valued at $608,000. Swedbank AB boosted its holdings in shares of Marvell Technology by 2.8% in the 1st quarter. Swedbank AB now owns 3,189,551 shares of the semiconductor company’s stock valued at $315,925,000 after buying an additional 85,816 shares during the last quarter. Merit Financial Group LLC increased its holdings in Marvell Technology by 22.9% during the second quarter. Merit Financial Group LLC now owns 27,079 shares of the semiconductor company’s stock worth $8,067,000 after buying an additional 5,047 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Marvell Technology by 49.7% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 273,647 shares of the semiconductor company’s stock valued at $27,105,000 after purchasing an additional 90,800 shares during the period. Finally, Swiss National Bank lifted its stake in Marvell Technology by 5.4% in the 1st quarter. Swiss National Bank now owns 2,489,003 shares of the semiconductor company’s stock valued at $246,536,000 after purchasing an additional 126,600 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.
Marvell Technology Price Performance
Shares of NASDAQ:MRVL opened at $227.83 on Friday. The firm’s fifty day moving average is $241.14 and its 200-day moving average is $216.11. Marvell Technology, Inc. has a 52 week low of $70.68 and a 52 week high of $329.88. The firm has a market cap of $199.78 billion, a PE ratio of 75.19, a price-to-earnings-growth ratio of 6.79 and a beta of 2.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the business earned $0.67 EPS. The company’s revenue was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Sell-side analysts predict that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.
Marvell Technology Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Friday, October 9th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is 7.92%.
Analyst Ratings Changes
A number of equities analysts have commented on MRVL shares. Benchmark reaffirmed a “buy” rating on shares of Marvell Technology in a research report on Monday, August 24th. Rosenblatt Securities boosted their price objective on shares of Marvell Technology from $240.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Bank of America lifted their price target on shares of Marvell Technology from $240.00 to $365.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $325.00 price objective on shares of Marvell Technology in a report on Wednesday, October 7th. Finally, Royal Bank Of Canada raised their target price on shares of Marvell Technology from $360.00 to $425.00 and gave the company an “outperform” rating in a report on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $327.36.
Check Out Our Latest Stock Analysis on MRVL
Insider Activity at Marvell Technology
In related news, insider Sandeep Bharathi sold 3,685 shares of the firm’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $234.97, for a total value of $865,864.45. Following the transaction, the insider owned 58,748 shares of the company’s stock, valued at approximately $13,804,017.56. This trade represents a 5.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Justin Scarpulla sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $273.59, for a total value of $300,949.00. Following the completion of the transaction, the chief accounting officer owned 909 shares in the company, valued at $248,693.31. This represents a 54.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,285 shares of company stock worth $12,837,063 over the last three months. 0.12% of the stock is currently owned by company insiders.
More Marvell Technology News
Here are the key news stories impacting Marvell Technology this week:
Positive Sentiment: Marvell’s recent Investor Day highlighted strong expected demand for custom AI chips, data-center infrastructure and networking silicon. The company raised its long-term sales outlook, supporting the view that it could deliver substantial revenue and earnings growth. Long-term Marvell growth outlook
Positive Sentiment: Erste Group Bank reportedly increased its earnings-per-share forecast for Marvell, while other analysts remain optimistic about the company’s growth potential in AI and data-center markets. Marvell EPS forecast increase
Neutral Sentiment: CEO Matthew Murphy sold 7,500 shares, and insider Sandeep Bharathi sold 3,685 shares. Both transactions were conducted under pre-arranged Rule 10b5-1 plans to cover tax withholding tied to vested equity awards, reducing their significance as signals about the company’s outlook. Marvell CEO SEC filing Marvell insider SEC filing
Negative Sentiment: Broadcom CEO Hock Tan’s warning about the amount of capital required to fund AI infrastructure is weighing on custom AI-chip companies, including Marvell. Investors fear that hyperscalers may become more selective with spending or demand better returns, particularly after Marvell’s substantial rally. Broadcom AI funding warning
Negative Sentiment: Hotter U.S. inflation data and rising interest-rate expectations have triggered a broader technology and semiconductor sell-off. High-growth stocks such as Marvell are particularly vulnerable because their valuation depends heavily on future AI-driven earnings. Marvell market pressure
Marvell Technology Profile
(Free Report)
Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.
The company’s portfolio includes data-processing and networking processors, custom application-specific integrated circuits, Ethernet switches and controllers, storage controllers, connectivity products, and electro-optics solutions.
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Na společnost Duolingo byla podána hromadná žaloba kvůli údajnému zatajení dopadu vyššího objemu reklamy, doplňkového prodeje a obsahu vytvořeného pomocí AI na růst počtu denně aktivních uživatelů.
NEW YORK, Oct. 18, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Duolingo, Inc. (NASDAQ: DUOL) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Duolingo securities between May 2, 2025 and February 26, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/cases/duolingo-inc-duol-class_action_lawsuit.
Duolingo Case Details
The Complaint alleges that throughout the Class Period, Defendants failed to disclose that:
(1) Daily Active User (“DAU”) growth rates were being leveraged against deliberately added user friction in the form of significant increases in ad volume, subscription tier upsells, and worsened product quality, and Duolingo understood that any amount of user friction would cause users to leave the app and, ultimately, negatively impact DAU growth rates;
(2) the Company’s rigorous A/B testing demonstrated that increased friction in the free user experience was having negative impacts on DAU growth rates;
(3) Duolingo’s quickly generated AI content was worsening the quality of the Company’s product offerings, negatively impacting the user experience and user trends, and threatening the sustainability of the Company’s financial performance; and
(4) Duolingo’s constant A/B testing informed the Company that its monetization push and lower-quality, rapidly generated AI content were degrading the Duolingo product experience and the value proposition of its subscription tiers.
What's Next for Duolingo Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/cases/duolingo-inc-duol-class_action_lawsuit. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Duolingo you have until December 7, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Duolingo Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Duolingo Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
Attorney advertising.
Prior results do not guarantee similar outcomes.
Spor o zařazení zprávy GAO do spisu může oddálit přeřazení marihuany do kategorie Schedule III, které by společnosti Green Thumb Industries snížilo federální daňovou zátěž.
Marijuana rescheduling was supposed to give U.S. cannabis companies some much-needed relief. Instead, another regulatory dispute threatens to drag out a process that's already taken years.
The latest complication involves a Government Accountability Office report examining how federal agencies evaluate controlled substances. Opponents of marijuana rescheduling want the report added to the administrative record, along with additional testimony and access to documents.
The DEA has indicated it doesn't object to including the report. But the additional requests could delay a final decision on moving marijuana from Schedule I to Schedule III.
For Green Thumb Industries (GTBIF -4.23%), the timing is frustrating, as rescheduling could eliminate a major federal tax burden and allow the company to keep more of the money it earns. That said, there's a stronger argument for owning Green Thumb than betting on what happens in Washington.
Image source: Getty Images.
The tax situation could change dramatically Cannabis companies face an unusual disadvantage under Section 280E of the federal tax code. Because marijuana remains a Schedule I substance for much of the industry, businesses generally cannot deduct ordinary operating expenses such as employee salaries, rent, and advertising when calculating federal taxable income. Moving marijuana to Schedule III would eliminate that restriction for qualifying activities.
Green Thumb could benefit substantially, though the exact savings would depend on the final rules and how they're implemented. Until then, the company must continue operating under a tax structure that most other businesses don't face.
But even with that disadvantage, Green Thumb still generated $29 million in operating cash flow during Q2 2026. Revenue reached $306.7 million, while normalized earnings before interest, taxes, depreciation, and amortization (EBITDA) totaled $84.3 million. The company also reported $4.9 million in net income. Those results provide a useful glimpse of what Green Thumb is capable of, even in the absence of any broader federal tax relief.
The stock doesn't require a rescheduling victory At approximately $6.40 per share, Green Thumb carries a market capitalization of around $1.4 billion, or roughly 1.1 times annualized second-quarter revenue. That's a relatively modest sales multiple for a company with an established retail network, positive earnings, and meaningful cash generation. The valuation also leaves room for improvement if the company can stabilize margins.
GTBIF Green Thumb Industries$6.11-$0.27 (-4.23%)
OTC · As of 3:59 PM ET 10/16/26
Q2 gross margin fell to 45% from 49.9% a year earlier, reflecting the competitive pressures facing cannabis retailers. But Green Thumb has been using its financial flexibility to repurchase shares. By the end of the quarter, it had repurchased about 29.5 million shares for $203.4 million. Those buybacks help reduce Green Thumb's outstanding share count, giving remaining shareholders a larger ownership stake in the company.
Should you buy? Green Thumb's biggest near-term catalyst remains federal policy, but its investment case shouldn't depend entirely on rescheduling. At its current valuation, the stock offers exposure to an established cannabis business that's already generating cash, with the possibility of substantial tax relief if federal reform advances.
To be sure, the risks remain significant, including pricing pressure, regulatory uncertainty, and uneven growth across state markets. Still, Green Thumb looks attractive if you're patient and can tolerate a bit of volatility. A delayed rescheduling decision may frustrate shareholders, but it doesn't erase the company's earnings, cash flow, or potential upside.
Fresh off a $2 billion re-fi, SL Green’s 1.8 million square-foot 245 Park Avenue reached 100% occupancy in September — and that’s only part of the property’s story.
The 44-story tower on the entire block between East 46th and East 47th is putting the finishing touches on what SL Green CEO Marc Holliday called a “seismic,” $225 million repositioning. The project includes a new wraparound public plaza, a striking new Park Avenue podium facade by KPF, lavish tenant amenities and, soon, a restaurant from John Meadow’s LDV Hospitality.
A rendering of 245 Park Ave. after its $225 million facelift is complete. SL Green
“It’s a quintessential SLG Green case study,” Holliday told us. “It was a comprehensive re-do from the plaza to the roof. We breathe new life into older buildings and bring them up to world-class standards.” The work is expected to wrap up in March.
Holliday credited joint-venture partner Mori Trust and architects KPF for “sharing our vision” to make 245 Park Avenue fully competitive in the red-hot Park Avenue market. He also expressed gratitude to the Department of City Planning for cooperating in the plaza redesign.
Rents at 245 Park were around $85 per square foot when SL Green took total control of the property in 2022 following a “contentious bankruptcy” by the previous owner, Holliday said. More recent “asks” were as high as $185 psf. The lease that filled the building was for Nearwater Management, which took 36,563 square feet.
SL Green CEO Marc Holliday said 245 Park’s rents were $85 per square foot when the company took over the property in 2022. Recent “asks” were up to $185 psf.
SL Green first entered the 245 Park picture as a lender in 2018. It was technically about 80% full when SL Green took over four years later, but that’s misleading since a number of leases were expiring. “We had to re-establish good tenant relationships” after disruption during the bankruptcy, Holliday said. The tower has since lured Area Management, Carlyle Investment Management, EQT Partners and Houlihan Lokey.
245 Park Ave.’s facelift includes lavish tenant amenities. SL Green
Holliday said of the re-fi, “We’re thrilled at the support we got from the debt community, it’s very satisfying.” The new loan led by JP Morgan Chase and including six other banks replaced a $1.2 billion mortgage loan and a $568 mezzanine loan.
The tower will soon have a restaurant from John Meadow’s LVD Hospitality. It will fill a 10,000 square-foot ground-level corner at the north end of the Park Avenue side.
“The space was vacant for many years. We don’t know why,” Holliday said. “We chose LVD because they’re great operators.” Meadow is known for his popular Scarpetta trattorias but a concept for 245 Park has yet to be chosen.
Tokenizovaný dluhopisový produkt USDY od společnosti Ondo Finance s aktivy ve výši 2,33 miliardy USD překonal BUIDL od BlackRocku, držitelé ONDO však nemají nárok na jeho podkladová aktiva ani příjmy.
Ondo's tokenized Treasury product just dethroned BlackRock's BUIDL in size, yet the ONDO token keeps sliding deeper into the red. The relationship between Ondo's growing business and its token's value may not be what investors assume.
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Ondo Finance’s tokenized Treasury product, the Ondo US Dollar Yield token (USDY), has surpassed BUIDL from BlackRock (NYSE:BLK | BLK Price Prediction) in size. Despite this achievement, the Ondo (CRYPTO:ONDO) token fell 9% during the week ending October 17, 2026. USDY currently holds about $2.33 billion, slightly more than the $2.2 billion held by BlackRock’s tokenized fund.
ONDO is trading at around 44 cents, down 3% in one day. Its weekly drop is considerably steeper than the 1.7% decline in Bitcoin (CRYPTO:BTC) and the 3.4% dip in Ethereum (CRYPTO:ETH). ONDO is now 79.5% below its all-time high of $2.14, reached on December 15, 2024. While the USDY product continues to grow, the ONDO token’s value keeps falling. Does this increase in USDY suggest that ONDO is undervalued?
USDY Pays Yield to Its Holders, While ONDO Offers Only Governance
USDY is a yield-bearing token backed by short-term US Treasuries and bank deposits, as Ondo states on its product page. Legally, USDY represents debt from a separate entity, which should protect its reserves from Ondo’s creditors if Ondo Finance faces financial difficulties. Notably, USDY is sold under Regulation S, which means only non-US buyers can purchase it.
In contrast, ONDO serves as a governance token. Holders of ONDO tokens have the right to vote on proposals for the Ondo DAO, the community organization overseeing parts of the platform. While buyers can create and redeem USDY using dollars or stablecoins, ONDO has no role in that process. The $2.33 billion in USDY belongs to its holders.
Ondo generates revenue from the difference between two yields: one yield paid to USDY holders and another earned by the portfolio backing USDY. However, Ondo Finance is a private company that does not disclose how much of this yield gap contributes to its revenue.
The only connection between Ondo’s business and the ONDO token is its governance function. In June, a community member proposed a temperature check on the Flux Finance governance forum about using part of Ondo’s revenue to buy back and eliminate ONDO tokens. The post clarified that this was only a temperature check, not a binding on-chain proposal.
Ondo’s US Expansion Relies on USD and Stablecoins, Not ONDO
Ondo also operates OUSG, a tokenized Treasury fund designed for qualified investors, along with Ondo Global Markets. The BVI unit of Ondo issues tokenized notes that track US stocks and ETFs for non-US investors, with broker Alpaca holding the underlying shares. In a letter sent to the SEC on April 13, Ondo sought no-action relief, indicating that it aims to record these positions on Ethereum’s main network, with BitGo safeguarding the tokens.
A significant regulatory advancement for Ondo was acquiring Oasis Pro, which gave it an SEC-registered broker-dealer, an alternative trading system for matching buyers and sellers, and a transfer agent to track ownership of each security. On July 23, Oasis Pro Markets received FINRA approval to offer tokenized stocks and funds to US investors.
However, Ondo’s announcement of this approval said trades could settle in fiat currencies or “supported stablecoins” and did not mention ONDO. Thus, Ondo’s regulated operations in the US could continue to grow without creating demand for ONDO.
BlackRock Continues to Earn Fees While USDY Leads BUIDL
Claiming that Ondo is a direct rival to BlackRock may be overstating the competition. In March 2024, Ondo transferred its OUSG reserves into BlackRock’s BUIDL fund, making it a BUIDL client. Additionally, USDY’s portfolio includes an Ondo-tokenized version of the iShares 0-1 Year Treasury Bond ETF (NASDAQ:SHV), which is managed by BlackRock. So, even as USDY grows past BUIDL, BlackRock still earns fees as Ondo grows.
Moreover, the two products serve different buyers. BlackRock developed BUIDL in partnership with Securitize for large institutions, while USDY appeals to non-US individuals and organizations, as well as to crypto lending and trading applications that accept it as collateral. Currently, USDY’s lead over BUIDL is quite narrow, at roughly $130 million to $160 million depending on the count, meaning a single large deposit into BUIDL could change their rankings.
ONDO’s Market Cap Excludes 5 Billion Tokens Yet to Be Released
Currently, ONDO’s market cap is about $2.13 billion, less than USDY’s. Its fully diluted valuation, which factors in all 10 billion tokens that will ever exist, is about $4.38 billion. This makes ONDO appear more affordable than USDY. However, this comparison mistakenly treats customer deposits as if they belong to token holders.
The supply also affects the price. Of the 10 billion ONDO token maximum, about 4.87 billion are currently in circulation, meaning only 49% of the total supply is available. Ondo still has 5.13 billion tokens to release, which could further affect market dynamics.
Is ONDO Undervalued Now That Ondo’s Tokenized Treasury Leads BUIDL?
No. USDY’s growth doesn’t make ONDO undervalued because ONDO holders have no claim on USDY’s reserves, no ownership stake in Ondo Finance, and no claim on the company’s fees. Holding ONDO for the tokenization theme buys a vote on Ondo’s direction, but no share of its cash flow, and 5.13 billion tokens still have to unlock.
We’d change our view once a binding fee-switch proposal passes an on-chain vote and Ondo starts using its revenue to buy back ONDO. Until then, USDY could keep growing past BUIDL while ONDO lags Bitcoin, as it did the week ending October 17.
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Společnost Gilead Sciences ve 2. čtvrtletí zvýšila tržby o 10 % na 7,8 miliardy USD; růst podpořily prodeje léčiv na HIV, které vzrostly o 12 % na 5,7 miliardy USD.
Gilead Sciences (GILD -0.75%), a biotech leader, has outperformed broader equities this year. The company's financial results have been fairly strong, contributing to its year-to-date performance. However, another factor behind Gilead Sciences' run is its important regulatory progress, which has improved its lineup of approved drugs. That's all well and good, but after climbing by almost 30% this year, are Gilead's shares still attractive?
Recent approvals could move the needle Over the past few years, Gilead Sciences has experienced declining sales from its coronavirus medicine, Veklury. The company's financial results have sometimes been mixed as a result, but things are trending up for the biotech giant. In the second quarter, Gilead Sciences' revenue came in at $7.8 billion, up 10% year over year. Product sales excluding Veklury also grew by 10% compared to the year-ago period. The company reported a non-GAAP loss per share of $6.75, compared to earnings per share of $2.01 in the year-ago period. The decline was mostly due to acquisition-related expenses.
Image source: Getty Images.
Gilead Sciences' core HIV portfolio was the primary driver of this performance. HIV product sales came in at $5.7 billion, up 12% year over year. The good news is that recent approvals (and label expansions) will help strengthen the company's HIV lineup and diversify its portfolio. In late August, Gilead Sciences announced that the U.S. Food and Drug Administration (FDA) had approved Bixlenvo, an HIV regimen. Bixlenvo is a daily oral tablet that combines two existing HIV medicines.
It helps simplify treatment for certain patients who were taking more than one pill per day. According to some estimates, that represents 5% of HIV patients in the U.S. That's in the neighborhood of 58,000 people. So, this market isn't huge. But the approval of Bixlenvo helps solidify Gilead Sciences' leadership position in the HIV market. Moving beyond HIV, Gilead Sciences received a label expansion for Trodelvy, a cancer medicine, in June. Trodelvy can now be used as a first-line treatment in metastatic triple-negative breast cancer.
The medicine was already indicated for previously treated breast cancer, but the first-line indication tends to be the most lucrative. That's because drugs approved as second- or third-line treatments are eligible for only a fraction of the patient pool, whereas being indicated as a first-line treatment means eligibility for all newly diagnosed patients. That's why the recent Trodelvy label expansion in one of the deadliest cancers in the world could be particularly important.
$156.19-$1.18 (-0.75%)
NASDAQ · As of 4:00 PM ET 10/16/26
Lastly, in May, Gilead Sciences earned approval for Hepcludex, a medication for chronic hepatitis delta virus (HDV) infection. It will be a nice addition to the company's liver disease portfolio, which is performing fairly well. Second-quarter liver disease sales came in at $877 million, up 10% year over year. Management expects Hepcludex to be a modest growth contributor in this segment.
A reliable dividend stock Gilead Sciences' brand-new approvals -- and the Trodelvy label expansion -- should help the company's revenue and earnings move in the right direction over the medium term as the impact of Veklury on its financial results fades. Of course, the biotech giant can still count on several of its flagship products. None is more important than Biktarvy, an HIV medicine. Biktarvy is the leading HIV treatment in the U.S. Descovy for PrEP is another important growth driver.
Gilead Sciences should also make significant clinical and regulatory progress over the next few years, especially in HIV and oncology. So, the company's financial results should remain strong in the medium term. Here's another good reason to consider Gilead Sciences: It is a solid dividend stock. The company boasts a forward yield of 2.2%, compared with the S&P 500's average of 1.1%, and has increased its payouts by 74.5% over the past decade. Gilead Sciences appears to be an attractive dividend payer for long-term investors.
The personalized cancer vaccine landscape is arguably at an inflection point. Moderna (MRNA -7.82%), one of the leaders in the space, posted outstanding Phase 3 clinical trial results for one of its candidates, intismeran autogene. That was one of the first-ever major Phase 3 wins for an mRNA-based cancer vaccine. BioNTech (BNTX -2.76%) is another biotech seeking breakthroughs in this field. However, the company has experienced several clinical setbacks in recent months. Should investors stick with BioNTech through these troubles?
Another clinical trial failure First, a little bit of background. BioNTech partnered with Pfizer (PFE +0.48%) to develop and market Comirnaty, a leading coronavirus vaccine. Even though the biotech was handsomely rewarded for its efforts, the COVID-19 market is no longer what it once was. Demand for vaccines has decreased significantly, leading to declining sales of Comirnaty. In the second quarter, BioNTech's revenue was 105.6 million euros (about $118.3 million), a decrease of almost 60% compared to the year-ago period. The company posted a net loss per share of 3.24 euros (about $3.63), significantly worse than the 1.60 euros (about $1.79) loss per share reported in the prior-year quarter.
Image source: Getty Images.
BioNTech's poor financial results partly explain its underperformance in recent years, but the hope is that the company's deep pipeline will enable it to launch new products over the medium term and deliver much stronger results. However, recent clinical setbacks have put a bit of a dent in those plans. The first of these was in late August. BioNTech announced that it was stopping a Phase 2 clinical trial for autogene cevumeran, which it was testing as an adjuvant treatment for certain patients with colorectal cancer. The company made that decision following the recommendation of an independent group of experts who oversee clinical trials.
Autogene cevumeran is still undergoing a Phase 2 study in combination with Tecentriq and chemotherapy in some patients with pancreatic ductal adenocarcinoma. So it could still earn approval. Even so, recent developments have made that outcome less likely. More recently, on Oct. 13, BioNTech announced even more bad news. The company said that one of its candidates, BNT113, failed to meet one of its dual primary endpoints in a Phase 2/3 clinical trial in certain patients with head and neck cancer. BNT113 is being tested in this study in combination with Keytruda versus Keytruda alone.
But it has failed to demonstrate a statistically significant improvement in progression-free survival compared to Keytruda. The study is ongoing, and BioNTech hopes that BNT113 will meet its other primary endpoint, overall survival. That's arguably the most important endpoint in oncology clinical trials. So, all isn't lost for BNT113. But this was another important setback, sending BioNTech's shares down by about 5%.
$87.71-$2.49 (-2.76%)
NASDAQ · As of 4:00 PM ET 10/16/26
Can BioNTech bounce back? BioNTech still has a deep pipeline. The company is running more than 25 Phase 2 or Phase 3 clinical trials in oncology. One of its most promising candidates is pumitamig, which the company is developing in collaboration with Bristol Myers Squibb (BMY -1.35%). Pumitamig is a bispecific antibody. It combines two cancer-fighting mechanisms in a single drug, which could, in theory, lead to stronger efficacy than medicines that utilize only one of those mechanisms. Pumitamig has already produced promising results in clinical trials.
Now, it is undergoing multiple Phase 2 and Phase 3 studies across various potential indications, including breast, lung, and gastric cancers, among others. Pumitamig could turn out to be a pipeline-in-a-drug. But there is a very real possibility that it will also face clinical setbacks, as could BioNTech's other candidates. Meanwhile, the biotech has a market cap of about $23 billion, which is a lot for a company that generates little revenue and is unprofitable. BioNTech's market cap reflects the depth of its pipeline, and if the company can earn enough wins to transform its approved portfolio over the next few years, the stock could perform well.
However, there is significant uncertainty, especially following recent clinical trial failures. Investors with an appetite for risk should consider the stock, but risk-averse investors will want to look elsewhere.
Hackeři ve 3. čtvrtletí ukradli z kryptoměnových projektů 1,18 miliardy USD při 107 incidentech, což je o 55 % více než v předchozím čtvrtletí, uvedla společnost Hacken.
Hacken noted hacks rose 55% in the third quarter. (Max Bender/Unsplash)Summary
Hackers stole $1.18 billion from crypto projects in the third quarter, up 55% from the previous quarter, according to blockchain security firm Hacken.About $900 million in losses stemmed from compromised suppliers or developer tools, uninstalled security fixes or components excluded from security reviews.Hacken warned that audit badges can give investors a false sense of security because reviews often omit wallets, signing systems and third-party software that attackers target.Crypto investors may be putting too much faith in security audits that fail to cover the systems hackers actually target, according to blockchain security firm Hacken.
In a report released on Thursday, Hacken found that hackers stole $1.18 billion across 107 incidents during the third quarter, 55% more than in the previous quarter. Of that amount, $906.8 million was lost due to compromised suppliers or developer tools, publicly available security fixes that were not installed or components excluded from the most recent security review.
"The problem is always scope." Andrii Matiukhin, co-founder and board director at the company, said in an interview with CoinDesk. "It's expensive to have enormous scopes of all components that interact with funds or influence economics, and teams cut corners, auditing only critical parts of the service.”
The findings raise questions about how much protection investors can expect from crypto projects advertising themselves as audited. Hacken said customers often assume an audit covers an entire platform when it may examine only specific smart contracts, leaving wallets, signing systems and third-party software outside its scope.
“Usually, when a customer sees a new project, they see an audit badge, assume the whole system is covered, and lose money through a key, a supplier, or a setting that was never tested,” Matiukhin said.
The biggest incident in the period was the September attack on crypto exchange Bitget, which lost at least $352 million after hackers exploited a vulnerability in a third-party security product to gain access to its withdrawal infrastructure, according to the report.
Matiukhin declined to identify the venues or provide a detailed assessment before publication of the report. He said it had found no evidence of an active vulnerability, but considered some of the arrangements inadequate given the amounts involved.
“We are not aware of a live bug in the systems of any reviewed venue,” Matiukhin said. “Instead, what we found is setups where key setups are not secure enough considering the scale of the venues reviewed.”
Matiukhin said delays in fixing known vulnerabilities were another concern, particularly when multiple blockchains relied on the same software but updated it at different times.
“Sometimes a critical vulnerability is classified as low by the team, and fix implementation is delayed or even declined,” Matiukhin said.
Responsibility ultimately rests with the companies holding customer funds, which must track vulnerabilities and install fixes promptly rather than rely on an audit completed months or years earlier, Hacken said.
Celestia (TIA) za posledních 24 hodin klesla o 15 % na přibližně 0,626 USD, přičemž likvidace dlouhých pozic přesáhly 2 miliony USD. Klíčová úroveň podpory je na 0,60 USD.
After a massive rally, Celestia’s [TIA] momentum was changing. On the 15th of October, TIA rallied to $0.76 after Celestia launched Eden.
Since then, the altcoin has faced strong selling pressure, breaching $0.70 and dropping to $0.624.
At press time, Celestia traded around $0.626, down 15% over the previous 24 hours. Trading Volume also dropped 60%, indicating reduced market activity.
Why are Celestia’s longs under pressure?
The price drop left Celestia [TIA] longs bleeding. According to CoinGlass, over $2 million in long positions were liquidated. These forced closures added selling pressure as traders’ bullish bets unraveled.
Source: CoinGlass
Over the same period, Open Interest dropped 23% to $136 million, while Derivatives Volume fell 52% to $684 million.
Falling Open Interest alongside declining prices pointed to positions closing. The Long Liquidations confirmed that some bullish traders faced forced exits.
Source: CoinGlass
Together, these readings suggested a retreat from derivatives exposure as the post-rally pullback deepened.
Are Celestia’s dip buyers stepping up?
Interestingly, Spot activity told a different story.
Delta surged to 3.9 million, its highest since September 2025, according to CoinAnk. Positive Delta indicated that aggressive buy volume exceeded aggressive sell volume.
Source: CoinAnk
Meanwhile, Spot Netflow fell to −$2.3 million on the 17th of October and remained negative at press time.
More TIA left tracked exchanges than entered them, potentially reducing the supply available for immediate selling.
Source: CoinGlass
Positive Delta supported the dip-buying argument, while Exchange Outflows showed withdrawals. Together, they suggested buyers were responding to the decline.
Even so, TIA’s continued losses showed that buying had yet to stabilize the price.
Can Celestia’s price hold $0.60?
Despite emerging Spot demand, Celestia’s bullish momentum weakened. The Relative Strength Index (RSI) formed a bearish crossover and dropped to 61, signaling fading upward momentum.
However, its position above 50 suggested buyers retained some momentum advantage, despite the sharp price decline.
Source: TradingView
Further selling could drag the RSI lower and put $0.60 support under pressure. A break below could expose $0.52.
If Spot demand absorbed the selling, TIA could hold $0.60 and attempt to reclaim $0.70. For dip buyers, defending support would offer the first evidence that their buying was slowing the decline.
Final Summary
Celestia fell 15% as Long Liquidations exceeded $2 million and Open Interest contracted.
Spot buying offered some support, but TIA still needed to defend $0.60 to limit further downside.
Rosen Law Firm prověřuje možné nároky akcionářů společnosti J.B. Hunt (JBHT) v souvislosti s údajně zavádějícími informacemi; společnost ve třetím čtvrtletí očekává náklady o přibližně 25 mil. USD vyšší než ve druhém čtvrtletí.
Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) resulting from allegations that J.B. Hunt may have issued materially misleading business information to the investing public.
So What: If you purchased J.B. Hunt securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/cases/jb-hunt-transport-services-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
What is this about: On September 16, 2026, CNBC published an article entitled "J.B. Hunt stock plunges 10% after company warns third-quarter earnings will fall." The article further stated that J.B. Hunt's Chief Financial Officer had "said between costs for recruiting, advertising, onboarding, training and sign-on bonuses, the company expects to see about $25 million more in the third quarter compared with the second quarter."
On this news, J.B. Hunt's shares fell sharply in intraday trading on September 16, 2026.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
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The Rosen Law Firm, P.A.
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Proti společnosti AST SpaceMobile byla podána hromadná žaloba kvůli údajnému zkreslování informací o její kapitálové a likviditní situaci; týká se investorů, kteří nakoupili nebo získali cenné papíry AST v období od 4. března 2025 do 15. července 2026.
Did you buy ASTS securities between March 4, 2025 and July 15, 2026?
Affected ASTS Investor Summary
Who: AST SpaceMobile, Inc. (NASDAQ: ASTS)
What: Securities fraud class action lawsuit filed
Class Period: March 4, 2025 through July 15, 2026
Deadline to Seek Lead Plaintiff Status: November 13, 2026
Key Lawsuit Allegations: Material misstatements and/or omissions concerning the company's capital and liquidity position.
Investor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) for recovery options
, /PRNewswire/ -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against AST SpaceMobile, Inc. (AST) (NASDAQ: ASTS) on behalf of those who purchased or acquired AST securities between March 4, 2025 and July 15, 2026, inclusive. The lawsuit is filed in the United States District Court for the Western District of Texas and is captioned Hunter v. AST SpaceMobile, Inc., No. 7:26-cv-00378 (W.D. Tex.). Investors have until November 13, 2026, to file for lead plaintiff status.
CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS:
If you purchased or acquired AST securities and have lost money on your investment, please provide your information here:
To view the AST video on YouTube, click here: https://youtu.be/Y3ho2nK1mZo?si=UWOeZxO1resG0YuO
You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. There is no cost or obligation to speak with an attorney.
AST SPACEMOBILE, INC. CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY:
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) AST's increasing capital requirements were likely to increase the company's debt load and share dilution with greater frequency and at greater scale than Defendants had signaled to investors; (2) accordingly, AST had overstated the sufficiency of the company's capital and liquidity position to achieve its strategic and business goals; (3) AST likewise overstated the durability of its competitive position in the satellite D2C market; (4) even following the EchoStar Transaction, Defendants continued overstating AST's competitive position in the satellite D2C market; (5) AST was experiencing slow user adoption in the U.S. and Japan; (6) the foregoing was likely to have a significant negative impact on AST's business and financial prospects; and (7) as a result, Defendants' public statements were materially false and misleading at all relevant times.
Why did AST's Stock Drop?
Between September 8, 2025 and July 15, 2026, a series of stock downgrades and company disclosures caused AST's stock price to fall significantly. Specifically, on January 7, 2026, Scotiabank downgraded AST to sell, citing, among other things, significant competition from SpaceX's Starlink, slow customer adoption, and delays in launching AST's satellites. Then, on July 15, 2026, AST issued a press release "announc[ing] the pricing of $1.0 billion aggregate principal amount of 1.625% convertible senior notes due 2034". Following these disclosures, AST's Class A common stock price fell $11.30 per share, or 17.04%, to close at $55.01 per share on July 16, 2026.
WHAT AST SPACEMOBILE, INC. INVESTORS CAN DO NOW:
File to be lead plaintiff by November 13, 2026.
Contact KTMC for a free case evaluation. All representation is on a contingency fee basis, there is no cost to you.
Retain counsel of choice or take no action.
THE LEAD PLAINTIFF PROCESS FOR AST SPACEMOBILE, INC. INVESTORS:
AST investors may, no later than November 13, 2026, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages AST investors to contact the firm for more information.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including being recognized in Chambers & Partners USA 2026 as a Band 1 Top Firm in Securities and Class Actions, Legal 500's Tier 1 Rankings for Securities and M&A Litigation, The National Law Journal's Plaintiff's Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group's Honor Roll of Most Feared Law Firms, The Legal Intelligencer's Class Action Firm of the Year, Lawdragon's Leading Plaintiff Financial Lawyers, and Law360's Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. The complaint in this matter was not filed by KTMC.
CONTACT:
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected]
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
STRK za posledních sedm dní klesl o 43,7 % na 0,0624 USD, tedy na hodnotu o 51 % nižší než říjnové maximum, navzdory rekordním týdenním příjmům Starknetu ve výši 92 824 USD.
The L1 narrative rally has turned into a steady correction Starknet’s governance poll on going independent failed to stop the selling Record weekly network revenue landed in the middle of the decline The 200 EMA zone decides whether the larger uptrend survives STRK price has dropped to $0.0624 at the time of writing, roughly 51% below the $0.1268 high it printed around Oct 11–12, after a rally that took the Starknet token nearly five times higher in under four weeks on the back of StarkWare’s plan to turn the network into an independent post-quantum layer 1. The token is down 43.7% over the past seven days and 12.8% in the last 24 hours, its market cap has shrunk to $472.3 million, and the slide has continued even while STRK holders vote on whether that L1 plan should move into a research phase.
A quantum pitch fuelled a 385% run STRK was trading near $0.026 in mid-September, well before anyone at StarkWare spoke publicly about leaving Ethereum. The real trigger came on Oct 8, when Starknet said it was actively considering becoming an L1, a move that would let it become the first fully quantum-resistant network with 2027 as the target. StarkWare CEO Eli Ben-Sasson put the idea to the community as an open question the same day, and two days later StarkWare said an independent L1 was its clearest path forward, which lines up with the tallest green candles and the heaviest volume of the entire run on the 4H chart.
We are actively considering becoming an L1.
This would enable Starknet to become the first fully quantum-resistant network, with 2027 as our target. https://t.co/yaFlkp0R1P
— Starknet (@Starknet) October 8, 2026
StarkWare’s case for the move comes down to dependency on Ethereum, and according to the Starknet Foundation, the parts of the network Starknet controls itself can become quantum-resistant soon, while its bridge and data availability layer move on Ethereum’s schedule, and Ethereum’s own post-quantum team is only targeting initial protocol-level protections by 2029. Traders liked that pitch enough to buy it long before any vote existed, and STRK added about 385% from its September base to the October top.
Oct 8 · Starknet says it is considering an L1 move
Oct 10 · StarkWare calls an independent L1 its clearest path
Oct 11–12 · STRK peaks at $0.1268
Oct 15 · Poll opens, spike to $0.098 gets rejected
Oct 22 · Voting closes and results go public
Sellers ignored a revenue record On Oct 17, data from Chainspect showed Starknet’s weekly revenue topping $90,000 for the first time at $92,824, a 5.2% weekly gain that would normally give bulls something to point at. STRK kept sliding through that day and into the weekend, a sign that traders who rode the near fivefold move were still locking in gains regardless of what the network itself was reporting.
💰 @Starknet moved past $90K in weekly revenue for the first time.
$92,824 over the past week.
Starknet's weekly number just got a lot more interesting.
Two days earlier the poll launch had drawn the same reaction, after Starknet opened itsseven-day, non-binding governance poll on Oct 15, asking stakers and delegators whether the network should research becoming an independent post-quantum L1, with a yes vote leading to research and more detailed proposals and a no vote keeping post-quantum work on the current layer 2 path. STRK shot up to about $0.098 that day on one of the largest volume bars since the peak, then got rejected just under the 0.236 Fibonacci level at $0.103 and closed back inside the range, a failed bounce that confirmed the lower-high sequence and turned what looked like consolidation into a corrective trend.
STRK/USDT 4H chart. Source: TradingView / Alexander Stefanov RSI near oversold, no divergence yet RSI reads 32.3 on the 4H timeframe, below its signal line at 38.4 and close to oversold territory, though it is still making lower lows together with price, so there is no bullish divergence to suggest the selling is ending. Volume on the way down has been noticeably lighter than during the rally, which looks more like orderly profit-taking than panic while also showing that buyers have yet to step in with any size.
On the price side, STRK has now lost the 0.618 retracement at $0.0646, the level traders usually treat as the last line for a strong uptrend, and it trades in the gap between that level and the 200 EMA at $0.0591. The 50 SMA at $0.0854 has started to roll over above price and now sits close to the 0.382 Fib at $0.0883, leaving that band as the ceiling bulls would eventually need to clear.
What’s next for STRK Price? Level From price Zone 50 SMA + 0.382 Fib
$0.085–$0.088 +36% Trend reclaim 0.5 Fib
$0.0764 +22% Upside target 0.618 Fib
$0.0646 +3.5% Reclaim test ● STRK NOW · $0.0624 200 EMA + 0.707 Fib
$0.0555–$0.0591 −5% to −11% Main support 0.786 Fib + Oct 6–8 floor
$0.0476–$0.049 −21% to −24% Breakdown target STRK/USDT 4H levels, Binance.
The $0.0555–$0.0591 zone carries the most weight on the chart because it stacks the 0.707 Fib and the rising 200 EMA on top of the early-October breakout area, where the Oct 5 highs and the Oct 8–9 base sit. If buyers defend it, RSI prints a higher low and a 4H candle closes back above $0.0646, STRK has room to retest the 0.5 Fib at $0.0764. A 4H close under the 200 EMA and $0.0555 would point to $0.048–$0.049 instead, a 0.786 retracement of the whole September–October move that would read as a full reset of the rally.
The vote itself may offer less of a catalyst than its timing suggests. The poll has no quorum requirement and only authorises research, Starknet has published no timetable for an actual exit, and the Starknet governance forum makes clear that any real transition would need its own dedicated governance process later on. Even a clean yes on Oct 22 therefore leaves STRK holders waiting on proposals that do not exist yet, which is a slower story than the one the market paid for in early October.
Alex is a financial markets journalist and co-founder of Millennial Media Group, and he's spent close to ten years trying to answer one stubborn question: what's really driving this? It started in 2016, when Bitcoin refused to make sense to him - and rather than shrug, he stayed with it until it did. That patience became his method. He's less interested in what an asset is doing today than in the plumbing behind it: how liquidity flows, where risk hides, what a chart is quietly telling you that the headline isn't. That lens eventually stretched well past crypto into traditional markets, because the same forces - fear, leverage, incentives, timing - show up everywhere once you know how to look. Most coverage, in his view, insults the reader by stopping at the surface. Price up, price down, moving on. He'd rather leave someone genuinely understanding a move than merely informed that it happened. His path into markets ran through a Tourism degree at New Bulgarian University - proof, maybe, that curiosity beats credentials. With more than 200 deep analyses and over 10,000 articles behind him, he still walks away from most trading days having learned something he didn't know that morning.
New York, New York--(Newsfile Corp. - October 18, 2026) - Lead Plaintiff Deadline: December 15, 2026. Investors who purchased (NASDAQ: QBTS) securities between February 26, 2026 and August 25, 2026 may be eligible to recover losses.
Bronstein, Gewirtz & Grossman, LLC ("BG&G"), a nationally recognized investor-rights law firm, announces that it has filed a securities class action lawsuit against D-Wave Quantum Inc. (NASDAQ: QBTS) ("D-Wave" or the "Company") and certain of its officers.
The lawsuit, captioned, Case No. 5:26-cv-11953, was filed on October 15, 2026, in the United States District Court for the Northern District of California. The action seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired D-Wave securities between February 26, 2026 and August 25, 2026, both dates inclusive (the "Class Period"), for alleged violations of the federal securities laws.
Investors are encouraged to join this case by visiting the firm's website: https://bgandg.com/cases/d-wave-quantum-inc-qbts-class_action_lawsuit/
D-Wave Case Details
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and financial prospects. Specifically, the complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that:
Defendants materially overstated D-Wave's business, operational, and financial prospects; The foregoing was reasonably likely to negatively impact the Company's business and reputation; and As a result, Defendants' public statements were materially false and misleading at all relevant times.On August 6, 2026, D-Wave reported second-quarter revenue of $3.08 million, falling short of analysts' expectations of approximately $4.03 million to $4.08 million. On this news, D-Wave's stock price declined $1.99 per share, or 9.28%, closing at $19.41 per share.
Then, on August 25, 2026, D-Wave announced that Chief Financial Officer John Markovich would retire and resign from his position effective September 2, 2026. On this news, D-Wave's stock price fell $1.84 per share, or 9.51%, closing at $17.51 per share on August 26, 2026.
What's Next for D-Wave Investors?
Bronstein, Gewirtz & Grossman, LLC has already filed a class action lawsuit on behalf of D-Wave investors. The action is pending in the United States District Court for the Northern District of California under Case No. 5:26-cv-11953.
If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/cases/d-wave-quantum-inc-qbts-class_action_lawsuit, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in D-Wave you have until December 15, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to D-Wave Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for D-Wave Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319389
Source: Bronstein, Gewirtz & Grossman, LLC
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Hyperliquid na testnetu navrhl minimální požadavek na delegaci ve výši 10 HYPE pro prioritní poplatky u příkazů IOC a ALO. Termín nasazení na mainnet zatím nepotvrdil.
Hyperliquid has introduced revised order priority rules on its testnet, including a reported 10 HYPE delegation requirement for traders seeking faster order handling through its priority fee system.
Summary
Hyperliquid has introduced proposed changes to its order priority rules on testnet following trader feedback. The reported changes require at least 10 HYPE in delegated balance for certain priority fee features. New restrictions concern Standard accounts, CoreWriter transactions, order placement and changes to existing orders. Official documentation distinguishes IOC execution speed from ALO order positioning within the trading queue system. HYPE traded near $79 in the supplied market snapshot, falling over the preceding seven days overall. In an October 18 announcement circulated through its community channels, the decentralized derivatives platform outlined changes to write priority fees following feedback from users. The proposed rules concern traders who depend on low delays when placing, modifying or canceling orders.
The announcement identifies four changes involving account settings, transaction processing and eligibility for priority fees. Hyperliquid’s existing technical documentation confirms how its priority fee system operates, although the newly reported delegation threshold has not yet appeared in the publicly accessible documentation reviewed for this report.
The changes are described as live on testnet. No confirmed date has been announced for applying the revised requirements to mainnet trading.
Hyperliquid introduces a 10 HYPE priority fee rule The October 18 update introduces a minimum delegated balance of 10 HYPE for accounts seeking to use IOC and ALO priority fees, according to the announcement.
IOC, short for immediate-or-cancel, refers to an order that attempts immediate execution and cancels any portion that cannot be filled. ALO, or add-liquidity-only, is used to place orders that join the order book without immediately taking available liquidity.
Both types can use priority fees under Hyperliquid’s existing system, although the benefits work differently. The latest announcement introduces a staking-related eligibility requirement for the priority features. It does not establish that all traders must delegate 10 HYPE to place ordinary orders.
At the supplied HYPE price of $78.98, 10 tokens had a market value of $789.80. The value is a market-price comparison, not a newly announced fixed dollar fee.
Hyperliquid’s existing priority fee documentation states that eligible fees are charged from the user’s undelegated staking balance. The October announcement refers separately to a minimum delegated balance.
The distinction is important to the technical description of the proposal: the delegated balance would determine eligibility under the reported new rule, while the documentation describes an undelegated staking balance as the source used to pay priority fees. The publicly accessible documentation does not yet confirm whether the platform intends to change either balance requirement before a mainnet release.
New rules change how Hyperliquid handles orders Hyperliquid’s announcement restricts mempool priority to accounts using Standard abstraction. The platform’s account abstraction documentation describes Standard mode as the recommended option for market makers, high-volume automated users and developers.
Standard accounts maintain separate balances for spot markets and perpetual futures, including individual balances across independently deployed markets. By comparison, Unified accounts combine eligible balances to support cross-margin trading. Under the proposed rule, transaction priority within the mempool would apply only to Standard abstraction accounts.
The announcement identifies a second restriction concerning HyperCore operations. Account activity outside cancellations, order placements and order modifications would reduce the relevant account’s transaction priority until confirmation.
The reported behavior concerns the ordering of account operations before confirmation. The announcement does not provide a numerical estimate of the additional delay affected accounts might experience.
A separate provision lowers mempool priority for accounts that have directly submitted CoreWriter operations. CoreWriter connects smart contracts running on HyperEVM with actions on HyperCore, where Hyperliquid maintains its native trading functionality.
The rule would therefore affect certain accounts using transactions that pass through HyperEVM to interact with the exchange’s core trading system.
Hyperliquid has not provided a complete list of CoreWriter activities that would trigger the reported priority treatment.
IOC and ALO priority fees work differently Hyperliquid introduced write priority fees to give advanced trading users a way to pay for improved order handling without relying entirely on faster connections to exchange infrastructure.
Its official documentation separates read priority from write priority. Read priority concerns how quickly users receive market information from participating nodes. The system uses two independent Dutch auctions running on a three-minute schedule.
Write priority concerns the submission and processing of orders. Hyperliquid supports priority fee settings for eligible IOC and ALO order groups, with the fee rate included in the order submission.
For IOC orders, priority fees can reduce the time between order submission and processing. The documentation reports an empirical improvement of approximately 45 milliseconds for each basis point of priority fee, up to an eight-basis-point range.
It describes additional priority rates above eight basis points as a method for ordering certain transactions received within closely spaced periods. Cancellation requests retain priority over immediately executable orders, even when those orders carry priority fees.
ALO orders use a different arrangement. Priority fees affect the order’s position within a price-level queue during a continuous 400-millisecond eligibility period. An ALO priority fee is charged when an eligible order is placed, whether or not the order eventually fills.
Unlike IOC fees, ALO priority payments do not provide faster mempool processing. Their documented purpose is to improve queue position among qualifying orders. The platform burns priority fees collected through the mechanism, according to its technical documentation.
Hyperliquid trading activity remains closely watched The proposed testnet changes follow several months of growing activity across Hyperliquid’s perpetual futures markets.
In September, the platform’s open interest reached $18 billion, setting a record for outstanding derivatives positions across its trading markets. The reported figure included activity from the platform’s original perpetual futures exchange and HIP-3 markets created by independent deployers.
Hyperliquid subsequently introduced a HIP-3 permissioned market upgrade on testnet, allowing deployment teams to restrict access to selected trading venues through on-chain permission lists. That update gave market operators more control over which wallets could participate in their contracts. Existing HIP-3 markets were not automatically required to adopt the permissioning feature.
In October, select Hyperliquid perpetual prices became available through Bloomberg Terminal, allowing professional users to monitor around-the-clock markets covering cryptocurrencies and other assets. The Bloomberg Terminal data integration provided market information without adding direct trading execution through the terminal.
Meanwhile, HYPE traded at $78.98 in the October 18 market snapshot supplied with the announcement, down 1.12% over 24 hours and 6.97% during the preceding week.
The snapshot placed HYPE’s 24-hour trading volume at approximately $425.84 million and market capitalization at $17.56 billion. The data did not establish that the priority fee announcement caused the token’s price movement.
Earlier in October, Hyperliquid’s HYPE buyback activity had attracted attention after the Assistance Fund’s cumulative purchases reportedly surpassed 48 million tokens, worth approximately $1.36 billion.
That October 13 report recorded HYPE near $81.20 following a daily decline of almost 5%. For the priority fee proposal, the next operational step is a decision on whether and when to apply the testnet rules to mainnet. Hyperliquid has not supplied a confirmed activation date or a published test result measuring their effect on live order processing.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Oživení bitcoinu zůstává nerovnoměrné: 30denní spotová poptávka klesla do záporných hodnot, zatímco rezervy na burzách vzrostly z 2,67 milionu na 2,68 milionu BTC.
Exchange reserves rose from about 2.67 million BTC to 2.68 million BTC but remain low versus January.
Spot demand neared zero before turning negative, while perpetual futures demand stayed positive.
Holders of 100–1,000 BTC remain net accumulators, while the over-10,000 BTC cohort is still negative.
A durable recovery needs positive spot demand, buyers absorbing exchange inflows, and wider accumulation.
Bitcoin recovery remains uneven, according to updated CryptoQuant charts reviewed in a new XWIN Japan column. Exchange reserves, spot demand, and whale behavior show mixed signals as the U.S. midterms approach.
Low reserves, whale accumulation, and improving estimated demand still support a possible base. However, the latest data shows that buying strength is not yet consistent across the market. The column examines three charts that explain where support holds and where it weakens.
Exchange Reserves Edge Higher
Exchange reserves measure the amount of BTC held on trading platforms. They have risen from roughly 2.67 million BTC in early October to around 2.68 million BTC. Despite the increase, reserves remain low compared with January. Low reserves do not mean supply keeps shrinking.
Source: Cryptoquant
Transfers may reflect custody changes rather than selling. Therefore, rising reserves alone do not prove that holders are selling.
The increase is modest, and it comes from a low base. The supports from the earlier column remain, yet the Bitcoin recovery is uneven.
The earlier column, published six days ago, listed low reserves among the signs of base building. That earlier analysis centered on Bitcoin base building ahead of the U.S. midterms.
A durable Bitcoin recovery now requires buyers to absorb BTC that returns to exchanges. Reserves are rising, so that condition matters more.
Spot Demand Loses Momentum
The 30-day demand chart shows spot demand approaching zero before turning negative again. Spot demand reflects direct BTC purchases, while perpetual futures involve derivatives.
Meanwhile, positive perpetual futures demand supports total demand. Spot buying therefore remains weaker than futures activity.
Source: Cryptoquant
The earlier column cited improving estimated demand. This new breakdown differs from the Apparent Demand metric discussed previously. Their values are not directly comparable, so the readings should be viewed separately.
Sustained positive spot demand is one of three conditions for a durable Bitcoin recovery. Without it, futures demand carries the total figure. Positive spot readings would show buyers acting directly in the market.
Whale Cohorts Show Mixed Behavior
Holders of 100–1,000 BTC remain net accumulators over 60 days. Their buying sits below the late-September peak despite a modest rebound. The cohort has kept buying through the past two months.
Net holding declines among the 1,000–10,000 BTC cohort have narrowed toward zero. Meanwhile, the cohort above 10,000 BTC remains negative.
Source: Cryptoquant
Accumulation is therefore not broad-based across holder groups. A durable recovery also needs accumulation to spread more widely.
These rolling figures include pre-October activity and can reflect transfers between cohorts. Conditions that could support a base still exist. Expectations around the midterms and monetary policy must translate into actual buying.
The key is whether rallies gain a growing, lasting base of buyers. Until then, the Bitcoin recovery depends on whether buying broadens beyond a single holder group.
Strategy drží 848 250 BTC poté, co v týdnu končícím 11. října nakoupila dalších 250 BTC za 21,5 milionu USD. Michael Saylor naznačil další akumulaci, transakce však zatím nebyla potvrzena.
Michael Saylor has hinted at another Bitcoin purchase for Strategy after the company reported holdings of 848,250 BTC, acquired for approximately $64 billion, in its latest weekly disclosure.
Summary
Michael Saylor hinted at further Bitcoin accumulation, although Strategy has not confirmed another purchase this weekend. Strategy’s latest filing shows holdings of 848,250 BTC, acquired for approximately $64 billion including transaction costs. The company bought 250 Bitcoin for $21.5 million during the week ending October 11, its latest disclosure. Strategy spent $192.4 million buying back STRC shares, nearly nine times its weekly Bitcoin purchase expenditure. Bitcoin traded near $81,000 on October 18, keeping Strategy’s holdings above their reported average acquisition cost. In an October 18 post on X, the Strategy co-founder wrote, “We found room for more orange,” alongside a chart showing the company’s Bitcoin buying history. The message suggested further accumulation but did not disclose a transaction amount, purchase date or confirmation of an executed trade.
Strategy’s latest official report, released October 12, showed that the company had purchased 250 BTC for 21.5millionduringtheweekendingOctober11.Ithadspentconsiderablymore—192.4 million—buying back its STRC preferred shares during the same period.
Bitcoin was trading near $81,000 on October 18, according to CoinGecko, placing the market price above Strategy’s reported average Bitcoin acquisition cost of $75,444.
Saylor hints at another Bitcoin purchase without confirming a deal Saylor’s Sunday post continued his practice of publishing charts showing Strategy’s Bitcoin transactions, with purchases represented by orange markers.
His message did not say how many coins the company might acquire or whether an additional transaction had already taken place.
The latest confirmed ownership figure remains 848,250 BTC, according to the company’s October 12 regulatory disclosure, covering activity through October 11.
Strategy’s purchases can be funded through several sources, including sales of common shares, preferred stock offerings and available company cash.
A new chart or social media message, however, does not establish that a transaction has been completed. Confirmation normally comes through the company’s financial disclosures, which identify the number of Bitcoin acquired, total spending and the resulting balance. Earlier this month, Saylor shared a similar message before the company announced its next weekly transactions.
On October 4, he posted another accumulation chart with the words “More orange than ever,” while Strategy’s latest disclosed Bitcoin holdings stood at 847,666 BTC. Crypto.news previously covered the October teaser, which followed a confirmed purchase of 1,665 BTC during the preceding reporting period. The October 18 post comes after Strategy released another set of figures showing a smaller weekly Bitcoin acquisition and substantial preferred-share repurchases.
A new filing covering purchases after October 11 would be needed to determine whether the latest message preceded an actual transaction.
In its October 12 filing with the U.S. Securities and Exchange Commission, Strategy reported purchasing 250 BTC between October 5 and October 11.
The company spent approximately $21.5 million on those coins, paying an average of $86,194 per Bitcoin, including fees and expenses. Following that purchase, total holdings reached 848,250 BTC. Strategy reported aggregate acquisition costs of approximately $64 billion and an average purchase price of $75,444 per coin.
The holding represents roughly 4.04% of Bitcoin’s maximum supply of 21 million coins. That comparison uses Bitcoin’s fixed maximum issuance, not the number of coins currently circulating or available on exchanges. Strategy funded $21 million of the latest purchase using proceeds from sales of its Class A common stock, MSTR. Another $500,000 came from existing company cash.
The company sold 125,183 MSTR shares during the week, generating approximately $21 million in net proceeds. Its filing showed that approximately $18.81 billion of MSTR shares remained available for future issuance and sale under its existing at-the-market program as of October 11.
The availability of that issuance capacity does not mean the company has already sold those shares or committed the proceeds to Bitcoin purchases. Strategy’s reported average cost of $75,444 remains below Bitcoin’s October 18 market price. CoinGecko placed BTC at approximately $81,059 during the market check, with its 24-hour trading range running from $80,823 to $82,178.
At that price, multiplying 848,250 BTC by $81,059 gives an indicative portfolio value of approximately $68.76 billion. Compared with its reported $64 billion acquisition cost, the difference is around $4.76 billion before accounting for other company financial obligations, taxes or valuation adjustments. Those estimates depend on the market price used for the calculation and are not equivalent to Strategy’s company-level net profit.
STRC buybacks exceed latest Bitcoin spending Although Strategy continued buying Bitcoin during the week ending October 11, most of the spending disclosed across its Bitcoin acquisitions and preferred-share repurchases went toward STRC.
The company bought back 1,932,145 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock for approximately $192.4 million. That compares with the $21.5 million spent purchasing Bitcoin during the same seven-day reporting period.
Dividing the two amounts shows that the STRC repurchase was approximately 8.95 times the value of the Bitcoin purchase. The comparison covers two disclosed transactions, not all of Strategy’s corporate spending. STRC is one of several preferred-stock instruments issued by Strategy to raise capital and finance its operations. The security pays variable dividends, creating ongoing financial obligations for the company.
Repurchasing preferred shares can reduce the number of outstanding securities on which Strategy must make future dividend payments.
However, the October 12 filing does not establish that management chose to repurchase STRC specifically because its yield had reached 12.31%, as asserted in the supplied report. Strategy’s previous weekly capital allocation report covered the same $192.4 million buyback alongside the acquisition of 250 BTC.
A subsequent analysis of its share repurchases examined the distinction between funds used to buy cryptocurrency and those used to manage the company’s preferred-stock obligations.
According to the company’s official filing, approximately $354.8 million remained authorized under its digital credit securities repurchase program after the latest transactions. An additional $1 billion authorization remained available under its separate MSTR common-stock repurchase program. Neither authorization represents a completed transaction. The amounts establish the remaining capacity under the announced programs.
Strategy retains $5.52 billion in dollar assets Alongside its cryptocurrency holdings and preferred-share repurchases, Strategy reported substantial dollar-denominated assets. As of October 11, its designated USD Reserve totaled $4.88 billion, while other USD Cash stood at $640.5 million.
Combined, those balances equaled approximately $5.52 billion. The company’s filings describe the USD Reserve as money maintained to support preferred-stock dividends and interest payments on outstanding debt. Its separate USD Cash balance serves a different purpose, supporting general Bitcoin treasury activities, possible Bitcoin acquisitions, reserve additions and other capital-management uses.
During the October 5–11 period, Strategy used $500,000 of USD Cash to supplement the proceeds from common-stock sales used to purchase Bitcoin. The filing does not indicate that the entire combined $5.52 billion is intended for new Bitcoin acquisitions. The company had previously reported using part of its available cash to repurchase preferred shares, making its capital position dependent on more than the size of its Bitcoin holdings.
In related corporate treasury activity, an October 14 comparison of share buybacks examined how Strategy and Japanese Bitcoin holder Metaplanet were managing purchases of their own securities alongside cryptocurrency exposure. Strategy’s October 12 filing specified that $17.51 billion of STRC shares remained available for issuance and sale under its at-the-market offering program.
It reported no STRC shares sold during the latest week, while its common-stock sales supplied nearly all the funding for the newly acquired 250 BTC. The company ended that reporting period with $640.5 million in general-purpose USD Cash and $4.88 billion in its designated reserve.
Kombinované CVD XRP na spotovém trhu a trhu perpetual futures kleslo mezi 23. zářím a 16. říjnem o 1,988 miliardy USD, což signalizuje silný prodejní tlak.
XRP has seen heavy selling across spot and perpetual futures markets, with combined cumulative volume delta (CVD) down nearly $2 billion.
This occurred between Sept. 23 and Oct. 16. During the same period, XRP’s open interest on Binance and Bybit dropped considerably, indicating that traders were reducing their positions amid the persistent selling pressure.
XRP CVD Shows Widespread Selling For context, cumulative volume delta (CVD) measures the difference between aggressive market buys and sells. When CVD falls, it means sellers are hitting buyers’ bids more often than buyers are lifting sellers’ offers. This shows continued selling pressure, not normal back-and-forth trading.
Across all centralized exchanges, the estimated spot XRP CVD fell from -$1.9 billion to -$3.2 billion during the period under consideration. This marked a further $1.3 billion in net aggressive selling.
Meanwhile, Binance’s perpetual XRP CVD also declined, moving from -$812 million to -$1.5 billion, a further drop of $688 million.
Combined XRP CVD collapses by nearly $2 billion across the spot and perpetual markets Both figures show that selling pressure affected spot trading and leveraged derivatives at the same time. The two readings recorded a combined CVD decline of $1.988 billion, bringing the total close to $2 billion.
This trend had already emerged earlier in the quarter. By mid-September, on-chain data showed that Binance’s perpetual CVD had fallen to around -$1 billion, while estimated spot CVD across centralized exchanges stood at approximately -$2.1 billion, according to CryptoQuant data.
With the recent decline moving close to $2 billion again, the data shows that selling continued beyond mid-September and pushed both readings further into negative territory.
XRP Open Interest Falls on Binance and Bybit The XRP CVD drop also coincided with a drop in derivatives positions on Binance and Bybit. On Binance, XRP open interest fell from 302 million XRP to 228 million XRP, a decline of 74 million XRP, or 24.5%.
Bybit recorded a larger drop, with open interest falling from 359 million XRP to 258 million XRP, a reduction of 101 million XRP, or 28.1%. Across both exchanges, open interest declined by a combined 175 million XRP, representing a 26.5% reduction in outstanding derivatives positions.
Notably, open interest measures the total number of futures and perpetual contracts that remain active. When it falls alongside declining prices and increasingly negative CVD, it often indicates that traders are closing leveraged long positions, not necessarily opening new short positions. This suggests deleveraging.
Importantly, deleveraging can help remove excess leverage from the market. As traders close their positions, the smaller derivatives market may face less forced selling once most vulnerable long positions have exited. However, this does not guarantee an immediate recovery.
XRP Liquidations Confirm the Market-Wide Unwind Meanwhile, liquidation data also confirms the pressure on bullish traders. During the period under consideration, XRP recorded several long-liquidation spikes exceeding $10 million each, with one peak reaching nearly $17 million.
XRP’s liquidation heatmap also shows a notable difference between the size of potential liquidations above and below the current price.
Specifically, two highlighted short-liquidation clusters above the market contain a combined $54.7 million, while two highlighted long-liquidation clusters below the market total just $14.17 million.
The short-liquidation clusters above the current price are about 3.86 times larger than the highlighted long-liquidation clusters below it. This suggests that the larger concentration of potentially trapped leveraged positions lies among short sellers above XRP’s current price.
Ripple propojí stablecoin RLUSD s hlavní bankovní platformou společnosti Cross River Bank, což finančním institucím umožní nepřetržité platby a vypořádání v USD a RLUSD prostřednictvím XRP Ledger.
XRP Ledger validator Vet argues that blockchain technology is transforming the future of finance through crypto assets like XRP, 24/7 trading, and easier access to global markets.
In a post on X, Vet explained that major innovations often begin with people who believe in the future. He believes some people doubt XRP’s potential because they are too pessimistic about what lies ahead.
“We live in a world people called Sci-Fi decades ago,” Vet wrote, adding that blockchain technology is disrupting traditional finance through tokenization, 24/7 trading, global access, and censorship resistance.
“New money, folks!” he added, expressing confidence in the XRP Ledger’s role in this transition.
Meanwhile, recent developments at Ripple provide examples of how blockchain-based financial services are moving closer to traditional banking infrastructure.
RLUSD Moves Into Banking and Global Payments Ripple is making it easier for banks and financial companies to adopt blockchain technology through its stablecoin, RLUSD, and the XRP Ledger (XRPL).
On October 15, Ripple announced a partnership with Cross River Bank to integrate RLUSD into the bank’s systems. The move supports transactions on the XRP Ledger.
The partnership will allow financial companies to send and settle payments using U.S. dollars and RLUSD 24 hours a day, seven days a week.
Customers will be able to access RLUSD through a single connection without having to build their own blockchain infrastructure. The partnership also aims to support international payments and transfers.
Ripple also reported that RLUSD’s market capitalization had surpassed $2.5 billion, with more than $1 billion worth of the stablecoin issued on the XRP Ledger.
RLUSD payments are becoming part of the banking infrastructure fintechs already use.
We’re partnering with @CrossRiverBank to integrate RLUSD on the XRP Ledger into its core banking platform, providing 24/7 settlement within payment networks and greater flexibility to settle… pic.twitter.com/ZBLw9f40Oy
— Ripple (@Ripple) October 15, 2026
Ripple Prime Introduces 24/7 Trading Meanwhile, Ripple also announced new trading services through Ripple Prime on October 15. The service allows institutional investors to gain exposure to traditional assets, including stocks, commodities, and currencies, through markets that operate around the clock.
Ripple Prime also allows RLUSD to be used as collateral for certain transactions, giving the stablecoin another use case in institutional finance. The service is currently available in select markets, with plans to expand into other regions.
Ripple Partners With DriveWealth On October 14, Ripple announced a partnership with DriveWealth, a company that provides investment services to financial platforms.
The partnership aims to use RLUSD for payments and settlements, help investors move money across borders, and explore additional financial services.
The goal is to make it easier for international investors to fund their brokerage accounts quickly without relying entirely on traditional payment systems.
DriveWealth works with more than 100 partners worldwide, giving Ripple access to a broader network of investment platforms.
What This Means for the XRP Ledger These partnerships demonstrate how Ripple is working to integrate blockchain technology into traditional finance. The XRP Ledger can process transactions quickly, while RLUSD provides a digital representation of the U.S. dollar for supported payments and financial services.
If more banks and financial companies adopt these services, the XRP Ledger could see increased usage.
Ultimately, Vet believes that blockchain technology is reshaping global finance and that the XRP Ledger will play a significant role in that future. He encourages stakeholders to focus on long-term possibilities rather than dismissing them because of current limitations.
Coinbase Markets uvádí, že 97 % čisté dlouhé expozice v derivátech na XRP bylo otevřeno nad spotovou cenou 1,31 USD, přičemž nejvíce pozic vzniklo kolem 1,40 USD.
Recent data from Coinbase Markets has revealed significant imbalances in XRP derivatives positioning. The current spot price of XRP stands at $1.31, notably lower than the levels at which the majority of bullish derivatives positions were initiated. This gap has drawn close attention to net-long exposure in the XRP market.
XRP derivatives skewed above spot priceA substantial volume of XRP short positions has congregated around the $1.49 and $1.50 price points, with the largest single cluster exceeding $20 million in notional value. In contrast, the bulk of long exposure in the derivatives market was established around $1.40, roughly 7% higher than the current market price. The skew in positioning highlights the vulnerability of net-long traders to any further downward moves.
Coinbase Markets identified that 97% of net-long notional exposure was opened at prices above the present spot rate. This insight is based on Glassnode’s net entry-price heatmap, which bins long and short positions by price level to depict the current state of derivatives exposure as of October 15.
The largest cluster of net-long XRP positions entered at $1.40, while the spot price remains at $1.31. This means that 97% of net-long notional was entered above today’s price.
Context for derivatives exposureThe 97% figure does not reflect the entire population of XRP investors but refers specifically to net derivatives exposure. Glassnode calculates this by taking the net difference between long and short positions at each identified price. A positive value at a given position indicates a predominance of longs, while a negative value means shorts outnumber longs at that level. The data does not represent potential liquidation thresholds, as those depend on individual margin, leverage, and collateral choices.
Shorts have gained dominance in this environment, with market structure currently favoring sellers. The charted entry prices also do not align with forced liquidation points, which can vary widely depending on leverage and risk management.
Potential price impacts and trader responsesThis arrangement in the derivatives market creates possible implications for XRP’s near-term price movements. With so many long positions entered significantly above spot, many traders may face pressure to close losing positions, potentially triggering further selloffs if the market declines. A cascading effect of margin closures could follow, reinforcing downward price pressure.
Alternatively, a move back toward $1.40 or higher could lead some traders to hold or expand positions, believing in a price recovery. The resolution of this clustering will likely influence overall volatility, depending on which way the price breaks next.
Active market monitoring is now critical for traders managing significant derivatives exposure. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
For now, the large discrepancy between long entry prices and the current market rate means substantial uncertainty persists for highly leveraged positions. Market participants are watching for further shifts in derivatives positioning as XRP fluctuates at these key price thresholds.
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.
Activity on the XRP Ledger just dropped sharply. Payment volume, which tracks XRP sent from one account to another, fell to 119.5 million XRP on October 17. That is a 72.3% drop in a single day. The 30-day average sits at 629.3 million, so the latest print is far below normal. The all-time high is 7 billion, which shows how small today's number is by comparison.
Price has no substance Data for October 18 shows approximately 37.5 million XRP so far, down another 68.6%. The day is not finished, so this figure will likely rise. Even so, the direction is clear. Over the past year, daily volume typically stayed between 300 million and 1 billion, with spikes to 2.5 billion in November and February. Readings near 100 million are rare.
XRP/USDT Chart by TradingViewOne weak day does not establish a trend. Payment volume jumps around a lot, and quiet weekends often deliver low numbers. Both drops landed on a Friday and Saturday. Still, the timing matters because price is also under pressure.
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Rally has no fuel leftXRP trades near $1.30 after falling from a September high around $1.66. It has now slipped beneath the 50, 100, and 200-day moving averages, which sit between $1.34 and $1.38. Those lines now act as resistance. The RSI is near 40, which indicates weak momentum but not an oversold market. Trading volume has also dwindled since the August spike.
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The nearest support is the $1.25 to $1.27 area, where buyers stepped in during mid-September and again this week. A close beneath that zone would put $1.15 in view, and the $1.00 base from August after that. For bulls, the first target is a move back above $1.34 to $1.38. Without that, rallies are likely to fail.
The price drop and the weak chart point the same way. Fewer coins are moving, and fewer buyers are pushing the price up. If ledger activity returns to the 500 million level within the next few days, the drop was noise. If it remains low while XRP holds below the moving averages, the risk of a break beneath $1.25 grows.
XRPL schválil aktualizaci fixCleanup3_4_0 s podporou 30 z 36 důvěryhodných validátorů; opraví chybu v oprávnění PaymentBurn. Nativní lendingový protokol má zatím podporu pouze 19, respektive 21 validátorů z potřebných 29.
The XRP Ledger (XRPL) is set to implement a new network amendment, fixCleanup3_4_0, following backing from 30 out of 36 trusted validators. The upgrade, projected to activate at approximately 09:34 UTC on October 23, surpasses the required threshold of 29 validator votes.
Technical update targets token permissions and infrastructure bugsThe fixCleanup3_4_0 amendment prioritizes technical improvements rather than introducing large new features. Its main focus is on resolving issues affecting token permissions, automated market makers, escrow mechanisms, and the infrastructure supporting future lending systems. Unlike XRPL’s recent batch upgrades, this change aims to correct flaws and safeguard the proper functioning of existing and pending features.
One of the key issues addressed involves the PaymentBurn permission that was recently rolled out as part of XRPL’s permission delegation model. Specifically, an unintended flaw allowed accounts with PaymentBurn privileges to create new trust-line or multi-purpose tokens under certain conditions. The XRPL team has cautioned against delegating PaymentBurn permission until the new amendment takes effect, as the upgrade will close this loophole by preventing certain payments from crossing a zero balance when that permission is exercised.
Official XRPL documentation advises, “Until the fixCleanup3_4_0 amendment is enabled, you should avoid delegating the PaymentBurn permission to any account.”
Alongside this revision, the update corrects issues relating to automated market maker clawbacks, token authorization processes, management of escrow reserves, handling of transaction signatures, and calculation methods involving Single Asset Vaults.
Some of these fixes address features not yet available on the public network, underscoring XRPL’s practice of releasing code ahead of actual network approval. Activation of such features still depends on further validator support.
Mini dictionary: Trusted validators, a select group of independent network participants responsible for voting on software upgrades and amendments to the XRP Ledger protocol. Their approval is essential for enabling or activating new features.
Lending protocol amendments fail to reach consensusIn contrast to the progress of the fixCleanup3_4_0 amendment, XRPL’s proposed native lending protocol is yet to gather enough validator support for activation. As of October 18, only 19 validators backed both the LendingProtocol and LendingProtocolV1_1 amendments, and SingleAssetVault received support from 21 validators—well short of the required 29 approvals.
If implemented, the lending framework would introduce fixed-term loans supported by pooled assets, with credit checks and risk assessments handled outside the blockchain infrastructure. Single Asset Vaults are designed to help users pool their funds, whereas LendingProtocol provides the core tools for creating and managing loans. The V1_1 version would add new vault types and changes in the way interest is accounted for.
Recently published validator analyses, including one from Coinpaper, indicate that the proposed lending amendments have consistently trailed the approval threshold, delaying any potential launch date for these features.
AmendmentValidators in FavorRequired VotesfixCleanup3_4_03029LendingProtocol1929LendingProtocolV1_11929SingleAssetVault2129This outcome highlights the XRPL amendment process, where technical readiness and actual network activation are distinct steps. Developers can include new functionality in the public codebase, but operational status depends on achieving broad validator consensus over a two-week period. If support falls to 80% or below, the activation timer resets.
Developers may integrate new features in code releases, but trusted validators must approve amendments before activation on the XRPL mainnet.
Growing toolkit for developers despite slow lending progressWhile the proposed lending system faces delays, recent XRPL reforms—including expanded account permissions and transaction batching—have continued to broaden the capabilities available to developers and fintech applications on the ledger. These changes are part of XRPL’s ongoing effort to support more sophisticated financial use cases beyond simple payments.
Podvodníci na XRPL vydávají falešné tokeny a peněženky napodobující banky, aby prostřednictvím phishingu vylákali XRP. Skutečné banky drobné držitele nežádají o potvrzování transakcí.
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.
XRP holders should exercise maximum caution: the integration of the XRP Ledger into the banking sector, the launch of the RLUSD stablecoin, and Evernorth treasury transfers have had an unexpected side effect. While Ripple cements its institutional recognition, scammers have begun mass-stealing the names of well-known financial institutions, turning real corporate news into a tool for stealing assets.
This week, an XRPL Foundation contributor under the handle '@Vet_X0' warned investors about a new scheme. Scammers generate "beautiful" wallet addresses (vanity addresses) and issue dummy tokens that imitate brands from recent announcements.
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This signals a change in tactics: the focus has shifted from hunting for bugs in code to social engineering. Previous technical incidents, from the summer Rippling-drainer botnet and fake NFTs to the September hack of the Bitget exchange (103 million XRP) and the compromise of XRPH Wallet ($452,000), have given way to pure psychology.
How good news became a problemThe main trigger for the deception was the legitimate news backdrop: Cross River Bank's tests of the RLUSD stablecoin and the deployment of the 473 million XRP Evernorth fund through major exchanges. As soon as a brand announces its entry into the XRPL, the scammers' software creates a similar wallet address within seconds (for example, rBankxxx) and issues a fake token such as $BANKxxx.
Then, through phishing sites, users are prompted to "verify" their wallets or exchange real XRP for new "bank" coins. To an inattentive investor, an entry in a blockchain explorer looks like a guarantee of authenticity.
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This is the paradox: the openness of the blockchain has started working against security. A token's appearance on XRP Scan proves only its technical existence. Anyone can issue a coin with any name on the XRPL.
Institutional players operate at the level of internal gateways. Large banks do not require retail holders to sign transactions or redeem their assets. "Just sit on your hands and do nothing," concludes Vet_X0. The only confirmation that a real bank stands behind a project remains a publication on the corporation's own official press site. Any other offer is a guaranteed loss of capital.
Neověřená zpráva, že společnost Evernorth může příští týden nakoupit XRP za 655 mil. USD, zvyšuje spekulace, zatímco XRP tento měsíc kleslo o 13 % na 1,25 USD.
Speculation in a risk-off environment can cut both ways.
At the moment, Ripple is the focal point of wild speculation. A post on X suggested that Evernorth, an XRP treasury company, may purchase $655 million worth of XRP next week. The social media post went viral, sparking market activity.
Bulls welcomed the news as a possible catalyst for an XRP rally in November, while skeptics argued that it was simply unsubstantiated rumor that could mislead the market.
As the below post shows, many users questioned the post, arguing that it was just a means to increase engagement. Either way, this rumor may affect XRP’s market performance.
With Evernorth already in the spotlight over its recent XRPN listing, any news tied to the firm could trigger fresh speculation around XRP.
Source: X
Notably, the timing of this speculation could hardly be worse.
Technically, XRP is among the worst-performing assets this month. It is down 13%, erasing all gains made in September. The altcoin has slid to $1.25, its September low, testing this level as a critical support zone.
A break below it is likely to spark another wave of selling, especially as market demand continues to weaken.
Reinforcing this trend, spot XRP ETFs had their first negative week since July, reports SoSoValue. According to the data, spot XRP ETFs had a net outflow of $1.84 million last week, with only one day of inflows.
This marked the end of a 13-week consecutive weekly inflow streak, suggesting that institutional investors’ appetite for the asset may be cooling off.
So, given the recent weakness in the structural setup of Ripple’s [XRP] market structure and the amount of sell pressure on the on-chain data of major CEXs, could the new hype around Evernorth end up being a bull trap?
XRP bull rally hopes rise on Evernorth rumors
Nothing conveys the market’s reaction to the hype better than XRP’s long/short ratio.
According to data from CoinGlass, XRP’s long/short ratio has increased to 1.06, hitting its highest level in more than two weeks. This suggests traders are leaning bullish, betting on a possible bull run initiated by Evernorth’s alleged purchase of $655 million in XRP.
However, with XRP’s on-chain metrics flashing bearish signals, the overall market environment still risk-off, and the institutional buying showing signs of waning, this bullish positioning appears to be highly speculative.
Thus, if the rumored purchase fails to materialize or insufficient buying pressure from institutions continues, it can trigger a bull trap at XRP’s $1.25 level, leaving late longs highly vulnerable.
Source: TradingView (XRPN.USD)
Moreover, Evernorth’s own technical setup is not looking entirely bullish either.
According to the chart above, XRPN had a sharp post-launch rally, rising from $15 to $53. However, at press time, the token was trading 5% lower than its opening price, showing a very speculative market driven by the hype of the launch.
While it does not rule out Evernorth’s ability to accumulate XRP, it does pose questions about whether the hype around the firm would be able to drive buying pressure for XRP.
Taken together, these signals paint a mixed picture for XRP. While Evernorth rumors are fueling bullish bets, declining ETF net inflows, aggressive selling pressures, and the inability to hold $1.25 suggest the broader setup remains bearish.
Unless the hype translates into confirmed accumulation, XRP could fall into a bull trap, putting the next key support at $1.20 in focus.
Final Summary
Evernorth’s rumored $655 million XRP purchase has boosted market hype, but weak ETF flows and heavy selling pressure raise bull trap risks.
XRP is struggling to hold $1.25. If it breaks below this level, the price could fall toward $1.20.
Zakladatel společnosti TRON Justin Sun prodal 80–90 % svých ETH za 3 600–4 000 USD kvůli obavám z formace dvojitého vrcholu a prostředky přesunul do akcií Nvidia a indexu Nasdaq-100.
TLDR: Justin Sun sold 80%–90% of his Ethereum near $3,600–$4,000 after identifying a fragile double-top pattern. He has not repurchased the Ethereum sold, although he retained a smaller core position and kept Bitcoin. Following the sale, Sun shifted capital into U.S. stocks, identifying Nvidia and Nasdaq-100 exposure. Ethereum closed near $2,402 on October 17, about 33%–40% below Sun’s reported $3,600–$4,000 exit range. TRON founder Justin Sun reduced his once-dominant Ethereum position by roughly 80%–90% as the cryptocurrency approached $4,000, then redirected substantial capital into American stocks. In an October 16 interview with Jin Ming, Sun said he sold between $3,600 and $4,000 and has not repurchased those tokens.
Instead, he kept a smaller Ethereum stake while leaving his Bitcoin holdings intact. Before that decision, Ethereum had been his largest cryptocurrency holding, making the reduction his most consequential disclosed digital-asset shift. The disclosure revealed a divide between assets he considered vulnerable to a reversal and investments he wanted to retain longer term.
Nvidia and Nasdaq-100 exposure became central to that shift. However, Sun provided no token volumes, proceeds, or precise execution dates, leaving the transactions independently unverified. He described the move as a response to market structure rather than a withdrawal from decentralized finance.
Double-Top Fears Behind Justin Sun’s 80%–90% ETH Sale Near $4,000 Sun linked the sale to a double-top formation he perceived after Ethereum approached $4,800, fell back, and staged another advance. That pattern describes two attempts to sustain higher prices, although it cannot independently establish a reversal.
Justin Sun: Sold 80–90% of ETH at $3,600–$4,000, Then Bought Heavily Into US Stocks
On October 16, 2026, Justin Sun @justinsuntron said in an interview with William Joy that he had sold 80–90% of his ETH position at around $3,600–$4,000, keeping only a core holding and had not… pic.twitter.com/yNSBZIRFHr
— Wu Blockchain (@WuBlockchain) October 18, 2026
He said exchange-traded fund demand supported the second rally, citing investor Tom Lee when describing its buying momentum. Rather than rely on continued support, he considered the rebound fragile and reduced his exposure.
The market subsequently weakened. Ethereum reached approximately $4,950 in August 2025 and approached $4,755 again that October. By October 17, 2026, it closed near $2,402, roughly 33%–40% below Sun’s reported selling range.
Even so, the exit did not end his Ethereum involvement. He described the network as his preferred venue for large-scale decentralized finance operations because of its deeper liquidity. The distinction separates trading an asset from using its underlying blockchain.
Nvidia and Nasdaq-100 Investments Followed the ETH Reduction After trimming ETH, Sun moved funds into U.S. equities, expecting investor attention to concentrate on American stocks. He identified Nvidia as a major holding and reported significant Nasdaq-100 exposure, without detailing allocations or purchase prices.
His position did not imply an unqualified bullish view of technology shares. Sun said he had become slightly bearish on the Nasdaq over the medium term, citing crowded AI investments and borrowing costs. That caution coincided with the Nasdaq Composite’s 2.1% decline on October 16. The index lost approximately 4.5% that week as investors questioned heavy artificial intelligence infrastructure spending.
Bitcoin remained a separate holding. Sun said he retained it throughout the previous year while monitoring potential cryptographic threats from artificial intelligence and quantum computing. He also described isolating Bitcoin in previously unused cold-storage addresses as a precaution, without predicting when such threats might materialize.
BitTorrent spálil 21 621 611 570 729,6 BTT v hodnotě zhruba 7 600 907 USD, které odkoupil za 100 % tržeb z decentralizovaných služeb ve 3. čtvrtletí 2026.
The first round of BTT repurchased with decentralized service revenue has been completely burned, as BitTorrent leverages its reimagined architecture to pivot toward Web3 and AI infrastructure. BitTorrent, a cornerstone of decentralized infrastructure in the TRON ecosystem, entered a new phase of growth driven by dual engines: the rollout of its long-term BTT buyback-and-burn strategy and a comprehensive brand upgrade.
Central to this strategic overhaul, the long-term BTT buyback-and-burn commitment has officially translated into tangible action. Following its announcement on July 6 and subsequent scheduled repurchases, BitTorrent transferred the first round of BTT—funded by 100% of decentralized service revenue—to a burn address on October 16, successfully completing its inaugural burn cycle. Coming on the heels of the recurring buyback-and-burn mechanisms established for JST and SUN, this marks another major positive development for the TRON ecosystem in deepening its token deflationary model and value accrual.
Concurrently, BitTorrent released a brand-new official whitepaper, marking a comprehensive brand upgrade. Directly answering the demands of the Web3 and generative AI era, this upgrade establishes a powerful tripartite architecture. It brings together the BitTorrent Mainnet for peer-to-peer content distribution, BTTInferGrid as the decentralized compute layer, and BTTC for cross-chain interoperability, Layer 2 scaling, and on-chain settlement. With the native BTT token serving as the unified economic engine across the entire network, BitTorrent is delivering an open, efficient, and durable infrastructure for the decentralized AI frontier.
The rollout of these twin initiatives marks BTT’s evolution from a standard utility and governance token into a revenue-backed deflationary asset, underscoring BitTorrent’s steadfast commitment to long-term value creation. Crucially, it launches the BitTorrent ecosystem into a self-reinforcing flywheel of sustainable growth, direct value accrual, and strategic expansion.
The rollout of this long-term buyback-and-burn program marks BitTorrent’s most decisive step yet to refine its tokenomics and reinforce ecosystem value.
BitTorrent set this long-term roadmap in motion on July 6, introducing a sustainable, revenue-backed deflationary model. Under this framework, 100% of all decentralized business revenue is channeled directly into BTT buybacks and burns, executed systematically across each calendar quarter. Moving past short-term, marketing-driven buybacks financed by outside capital, this structure creates genuine value capture driven purely by real business performance.
In line with this schedule, BitTorrent completed its inaugural buyback using Q3 2026 revenue from its decentralized services. On October 16, a total of 21,621,611,570,729.6 repurchased BTT tokens, valued at approximately $7,600,907, were sent to the black-hole burn address. Trackable via transaction hash 4d9596617780e329bbd4e644ee0dffd780ec4cf3749f324d03eb98157eb04ae5, this irreversible on-chain burn permanently removes the tokens from circulation, providing the market with transparent and verifiable proof of deflation.
To guarantee end-to-end transparency and traceability, BitTorrent has set a rigorous benchmark for on-chain disclosure. Alongside the brand upgrade, a dedicated BTT buyback-and-burn dashboard is now live on its official website. Going forward, burn figures and corresponding on-chain records will be published on this page around the middle of the first month of every subsequent quarter, offering the market a transparent, predictable deflationary schedule.
Market reception has been overwhelmingly positive. Recent trading data shows strong upward momentum, with BTT posting an impressive gain of approximately 30.3% over the trailing three months as of October 15. This rally highlights investor confidence in BitTorrent’s operational cash flow and long-term prospects, confirming that this revenue-driven deflationary model has sparked a powerful engine for BTT’s value growth.
Fueling this long-term deflationary mechanism is BitTorrent’s ambitious expansion into distributed networks, cross-chain interoperability, and AI compute. This widening business footprint creates a fully self-sustaining commercial loop. As utility expands, the buyback initiative ignites a powerful flywheel that bridges revenue generation, token deflation, value distribution, and network growth. Stronger business operations and independent revenue streams provide an ever-growing financial base for BTT buybacks. In return, the rising intrinsic value of the token organically attracts more global nodes and developers, fueling the next massive leap in network adoption.
BitTorrent Reborn: A New Blueprint for Web3 and AI Infrastructure
BitTorrent is rewriting its DNA. Driven by a new whitepaper and a massive tokenomics upgrade, the protocol has officially transcended its legacy boundaries. Now firmly anchored as the definitive infrastructure for Web3 and AI applications, this strategic evolution transforms BitTorrent’s multi-tiered network into a powerhouse of deep, cross-layer synergy and structural vitality.
The explosive rise of generative AI and Web3 has hit a structural wall: sluggish data delivery, fractured compute power, and punishing on-chain settlement fees. BitTorrent confronts this bottleneck head-on. Under an evolved strategic narrative, the new whitepaper re-engineers BitTorrent’s stack from the ground up, unifying its core capabilities into a cohesive infrastructure. It decisively positions BitTorrent as a comprehensive infrastructure ecosystem spanning content distribution, decentralized compute, and on-chain scaling and settlement, driven by a tripartite synergy uniting the BitTorrent Mainnet, the BTTInferGrid decentralized compute network, and the BTTC scaling network.
Within this reimagined architecture, individual verticals no longer operate in silos; they function as interlocking gears. BitTorrent Mainnet acts as the ecosystem’s primary gateway and data distribution layer, driving peer-to-peer content delivery to connect global users, nodes, and bandwidth at scale. In tandem, the newly integrated BTTInferGrid powers the decentralized compute layer, matching distributed GPU capacity with active demand to deliver elastic, cost-efficient, and verifiable AI inference for developers and dApps. Bridging these layers, BTTC anchors Layer 2 scaling, cross-chain interoperability, and settlement across networks like TRON, Ethereum, and BNB Chain. Leveraging EVM compatibility, low gas fees, and high-frequency throughput, it executes service settlements, node staking, reward distributions, and cross-chain payments. Unifying the entire network, the native BTT token serves as the core economic engine, covering critical utilities across resource payments, gas fees, node incentives, staking, and governance.
Uniting distributed content delivery, decentralized compute, on-chain execution, and tokenomics, the reborn BitTorrent stands as an open infrastructure network built for the Web3 and AI frontier. The strategic integration of an AI compute tier decisively drives BitTorrent beyond data routing into high-value intelligent processing and full-stack solutions. Each product line operates as an independent service tier for users and developers while integrating via standardized interfaces and the BTT tokenomic engine. Together, they establish a closed-loop infrastructure pipeline spanning data distribution, compute execution, outcome verification, and on-chain settlement.
Above all, BitTorrent’s next chapter comes down to its community and the builders. The updated whitepaper refines BTT governance, putting real decision-making power and tangible economic rewards directly into the hands of the community. That philosophy comes alive through a 100% decentralized buyback-and-burn model, ensuring that every dollar earned by the network is transparently returned to token holders and ecosystem contributors.
Backing its Web3 and AI evolution with an ongoing BTT buyback-and-burn model marks a defining leap for BitTorrent. It confirms strong profitability and durable business foundations, laying down a direct blueprint to lead decentralized infrastructure. With its value-capture flywheel running at full speed, BitTorrent moves into the future of Web3 and AI with fresh momentum, an open architecture, and lasting staying power.
Cardano founder Charles Hoskinson says he is developing a concept for Midnight that will address several problems in the industry.
He describes the planned innovation as the “magnum opus” of his career. Notably, Hoskinson shared this in a post on X, saying he had nearly completed the conceptual design. He believes the initiative will bring something unique to the crypto space through Midnight.
Hoskinson Says Cardano Will Be Complete After Leios
Meanwhile, amid Hoskinson’s teaser about a new development for Midnight, some community members turned their attention to Cardano. Specifically, X user Matthew Casey asked Hoskinson whether Cardano was finished in the sense that it had achieved its core development goals.
Hoskinson replied that Cardano would be complete after the implementation of Leios, its planned scalability upgrade.
“After Leios, yes. It has everything I wanted to do,” he stated.
Meanwhile, Hoskinson noted that his vision for Cardano includes decentralized governance and development, secure consensus, the eUTXO model, Plutus smart contracts, and improved scalability.
He also highlighted Cardano’s strong security, support for different node implementations, and ability to evolve over time. He also added that millions of people already hold ADA.
Significantly, Leios aims to increase Cardano’s transaction capacity without changing its core design. Its implementation remains a major milestone in the network’s development.
After Leios, yes. It has everything I wanted to do. Decentralized consensus, governance and development, EUTXO, plutus, infinitely scalable, secure, built with formal methods, multiple independent nodes, recursively self-improving, and millions of people hold Ada.
— Charles Hoskinson (@IOHK_Charles) October 17, 2026
Midnight’s AI Trading Plans Show Its Future Direction
The latest comments from Charles Hoskinson come as Midnight explores uses beyond its privacy-focused blockchain. During an October 13 discussion, the Cardano founder revealed plans for Midnight City to support AI cryptocurrency trading in the coming months.
The feature would allow users to fund wallets and set up AI agents to trade crypto assets in different blockchains based on their goals and strategies.
Midnight also plans to create marketplaces where AI agents can discover and share trading strategies designed by others.
The project is developing Midnight Passport, which is an identity system that links AI agents to their users. An initial version is expected in late 2026.
Midnight has also adopted the Open Wallet Standard, which aims to help AI agents access wallets and carry out transactions in different blockchains and other systems.
These plans offer some insight into Midnight’s future direction. However, Hoskinson has not confirmed whether his latest teaser about a project he called the “magnum opus” of his career is connected to the planned AI trading system.
Midnight Ambassador Supports Hoskinson’s Vision
Tommy John, who identifies himself as a Midnight ambassador, praised Hoskinson’s leadership and expressed confidence in his vision.
“Boss, I sleep well at night knowing you’re behind the wheels. Proud to be a Midnight ambassador,” John wrote.
Boss, I sleep well at night knowing your behind the wheels. Proud to be a Midnight ambassador.
“A leader is one who knows the way, goes the way, and shows the way.” — John C. Maxwell , Thanks boss.
— TomJon (@TommyJohn70) October 17, 2026
Notably, Hoskinson has not yet announced when he will reveal the new concept or explained what it will involve.
Cardano price fell 2.04% to $0.219 over 24 hours, extending its weekly decline to 11%.
The broader cryptocurrency market consolidated slightly, with total capitalization near $2.73 trillion. Bitcoin price hovered at $81,650, and Ethereum and XRP were at around $2,400 and $1.30 respectively.
The developers of the Leios are aiming to release a mainnet-ready release candidate by the end of 2026. A rebound above $0.30 remains uncertain following the ADA price daily and weekly declines.
Cardano Leios Release Candidate Reaches 52% Completion
Cardano’s Ouroboros Leios release candidate has reached 52% completion, according to an update shared by Cardanians. A few development objectives were completed and 28 updates were reported on the post during the last week.
The improvement proposal, technical specification, 1,000 TPS showcase, and Leios testnet were among these. The dashboard indicates that the confidence testing was at 45% and that the hard fork objective had 0% completed.
Cardano’s Ouroboros Leios is steadily progressing towards a mainnet release candidate.
Several objectives are fully completed, and the release candidate is now 52% complete.
28 updates were added last week.
Can’t wait! 🔥 https://t.co/R808zf5oMd
— Cardanians (CRDN) (@Cardanians_io) October 16, 2026
Leios will boost the capacity of transactions on Cardano while maintaining its security with the introduction of more blocks and committee validation. To be ready for the deployment on the mainnet, a developer will need to do additional testing and integration.
Activations do also require audits, ecosystem coordination and governance approval. No confirmation of a launch date was given, and no reason was offered as to why the 28 weekly updates were made.
Cardano Price Outlook: Can Cardano Rebound Toward $0.30?
The ADA price traded at $0.2199 on October 17, as Cardano tested the $0.22 area.
The MACD line was at -0.0042, and a bit under its -0.0040 signal line, and the histogram was at -0.0002. Both lines were below zero, which confirms a bearish reading without determining the extent to which the price would fall.
The Chaikin Money Flow indicator also stood at positive value of 0.14, indicating that there was selling pressure as compared to buying pressure.
Source: ADA/USDT 4-hour chart: TradingView
The $0.22 mark has become the immediate pivot, and the continued trading under the mark poses greater downside risk. Further weakness would put a focus on the $0.21. In case of such a support, the psychological $0.20 level is a potential second target.
On the positive, the immediate outlook would be improved with the reclaiming of $0.22, leaving the first goal of recovery at $0.23. A four-hour high of over $0.23 may open a trade to the next resistance of $0.25, which is noted on the chart. The Cardano price outlook for long term could target $0.30 ahead of Leios Mainnet release candidate.
Cardano Open Interest Rises to $487.18M as Trading Volume Falls
The volume of the Cardano (ADA) derivatives trading decreased 8.99% to reach $324.55 million, and open interest rose 1.26% to reach $487.18 million. The volume of options trading fell by 92.94% to $6,590, the greatest percentage decrease among the reported indicators.
Source: Coinglass data
In the meantime, the options open interest declined 0.27% to $374,920, and the value of outstanding options positions had decreased modestly. The statistics indicated reduced trading in the derivatives market, although the aggregate open interest stepped up.
Litva vyšetřuje pokus o žhářský útok na zařízení Starlink u Vilniusu jako sabotáž spojovanou s Ruskem, jejímž cílem bylo narušit ukrajinské vojenské operace.
Lithuania is treating an attempted arson attack at a SpaceX (SPCX.O) Starlink base station on Sunday as a Russia-linked act of sabotage aimed at undermining Ukraine's military capacity, the head of the government's National Crisis Management Centre said.
Lithuanian authorities are searching for suspects who attempted to set fire to a Starlink base station on the outskirts of the capital Vilnius at about 2 a.m. (2300 GMT on Saturday), said Vilmantas Vitkauskas.
The blaze was quickly extinguished, causing only minor property damage and no disruption to operations, he added.
"We understand that this was not a routine arson attack but an act of sabotage," Vitkauskas told reporters in Vilnius.
He said the incident was linked to earlier arson attacks against Starlink stations in Bulgaria and Poland.
"They are part of Russian attempts to disrupt Starlink and influence the success of Ukrainian operations," he said. "Ukraine is the target."
Ukraine uses Starlink terminals extensively for battlefield communications and installs Starlink receivers in many of its drones as part of their guidance systems.
The terminals are used to conduct strikes on Russian targets inside Ukraine and help its interceptor drones defend against Russian drone attacks.
Bulgarian authorities said fire was set to several Starlink antennas in the country on October 10, according to local media reports. And a fire at a Starlink facility in Poland in September damaged its power system and backup generator.
Poland said at the time it believed the fire was an act of sabotage aimed at disrupting internet services, including for Ukraine's military, and blamed Russia. Four suspects were detained.
Moscow says such accusations are baseless and the result of anti-Russian hysteria.
Meta tvrdí, že její model Muse Wonder Full patří mezi špičkové AI modely: v indexu Artificial Analysis získal 56 bodů, což je druhý nejvyšší výsledek, o který se dělí s Claude Sonnet 5.5.
Magnificent Seven company Meta Platforms NASDAQ: META recently made a landmark statement related to its artificial intelligence journey.
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The company claims that Muse Wonder, its latest model family, is frontier-class, putting it in the same territory as models developed by OpenAI and Anthropic.
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This marks the first time Meta has framed its Muse models as among the most intelligent available. And, investors don’t just have to take Meta’s word for it; model evaluation sites provide third-party validation of this claim.
As Meta looks to improve AI monetization over time, developing a leading-class model could be a key benefit the firm has historically lacked.
Meta’s New Muse Models Move Up in Frontier Ranking HierarchyApproximately 14 months ago, Meta began to “overhaul” its AI efforts. This overhaul included launching Meta Superintelligence Labs (MSL) and hiring Alexandr Wang to lead the division. Before this, investors saw Meta’s Llama models as lagging far behind the frontier, leaving them with limited confidence in the company’s ability to compete with other LLM developers.
By April 2026, MSL released its first model, Muse Spark. Although the firm noted that Muse Spark was its most powerful model yet, the company framed it as being “competitive” rather than pushing the frontier of model development. With the release of Muse Wonder and Muse Wonder Full, that framing has changed.
Meta now notes that the Muse Wonder models “deliver state-of-the-art performance on personal and professional agentic tasks.” Data from the model evaluation site, Artificial Analysis, supports Meta’s assessment and highlights a significant jump in performance compared to its previous model, Muse Spark 1.3.
On its Artificial Analysis Intelligence Index, the evaluator gives Muse Wonder Full a score of 56. This ties for the second-highest score of any model, with Anthropic’s Claude Sonnet 5.5 also scoring 56. Anthropic’s Claude Opus 5.5 has the highest score at 58. Muse Wonder Full notably ranks above OpenAI’s GPT-6 Astra and Alphabet’s NASDAQ: GOOGL Gemini 4 Argon, which both have scores of 53. Meanwhile, Muse Wonder scores slightly lower at 52.
With Muse Wonder Full and Muse Wonder both ranking in this upper echelon, Artificial Analysis’s data supports the idea that Meta now has frontier-class models in its hands. The firm also notes a significant jump in the capabilities of these models compared to Muse Spark 1.3, which has a score of 48.
Meta Raises Model Prices, Keeps Muse Wonder Full Behind Subscription WallInterestingly, Muse Wonder comes with a hefty price increase versus Muse Spark 1.3. On their max settings, Muse Wonder’s cost per Artificial Analysis Intelligence Index task is $4.52, or 2.8 times higher than Muse Spark 1.3’s cost of $1.60. This is still meaningfully below the cost per task of Anthropic’s most intelligent models, but also significantly higher than OpenAI and Alphabet’s top models. The increase suggests that Meta believes the model’s improved capabilities justify a higher price.
On the other hand, the more powerful Muse Wonder Full is only available through $50 per month and $200 per month subscriptions to Muse Code, not on a per-token basis. This suggests that Meta primarily wants to position Muse Wonder Full as being for agentic coding tasks, while Muse Wonder is more for general-purpose usage. It also suggests that Meta hopes to build a more stable, subscription-based revenue stream by keeping Muse Wonder Full behind this gate.
Additionally, by keeping Muse Wonder Full access to only Muse Code subscribers, it gives software developers a reason to try Muse Code. This could help Meta position Muse Code as a competitor to Anthropic’s Claude Code and OpenAI’s Codex. Still, only time will tell whether software developers actually stick with Muse Code rather than experimenting with it for a short time.
Meta notes that Muse Wonder will soon power more of its Muse agent. As the company looks to scale this product, Muse Wonder’s improved capabilities could improve user experiences and aid demand.
Meta Releases a Flurry of Products With Q3 Earnings on the HorizonMeta has demonstrated the ability to significantly improve its models in a relatively short time. This bodes well for the company’s ability to continue competing with other model developers on frontier intelligence and to scale its non-advertising AI revenue. However, up to this point, Meta’s non-ad AI potential has yet to meaningfully translate into its financial results.
The Muse agent, the Meta Enterprise Platform, Muse Code, and now the Muse Wonder model releases should make Meta’s future earnings calls more interesting. Investors should look for signs of strong early adoption and, over time, a contribution to revenue growth. Meta’s next earnings report is quickly approaching, slated for Oct. 21 after the market close.
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Akcie společnosti Nvidia v listopadu 2025 zaznamenaly jediný záporný listopadový výsledek tohoto desetiletí, když klesly o 13 %. Další vývoj závisí na růstu cloudových tržeb hyperscalerů a jejich výdajích na AI.
Nvidia's (NVDA -1.43%) rapid ascent to the world's most valuable enterprise might be unlike anything the market has ever seen. In the past five years, its share price has produced an incredible 899% gain (as of Oct. 15). With that return, a $10,000 investment would be worth $100,000 today.
The driver of this has been, unsurprisingly, artificial intelligence (AI). Nvidia's graphics processing units are the leading chips for training and running AI models. And these hardware devices are a hot commodity among the company's customers. Nvidia's data center revenue soared 117% year over year to $89 billion last fiscal quarter (Q2 2027 ended July 26).
A burgeoning industry position in the middle of a generational technology shift is an easy sell to investors right now. History says this AI stock tends to perform well in November, so maybe now is a good time to buy shares. But there's one thing that could break that pattern of positive returns.
Image source: The Motley Fool.
November 2025 was the only negative return This decade, Nvidia has been a compelling portfolio addition in November. In November 2020, shares were up 7%. In November 2021 and 2022, they jumped more than 25%. November 2023 saw a 15% increase, followed by a more muted 4% gain in November 2024.
The bears finally cheered last year. During the 11th month of 2025, Nvidia stock dipped 13%.
Nvidia optimists will take the average return of 13% and conclude that the share price will rise by that much this November. On the other hand, the naysayers will point to the clear deterioration in the stock's monthly performance in recent years. They'll assume shares are set to fall in November.
Investors shouldn't jump to any conclusions, however. The macroeconomic backdrop, as well as industry conditions, seem to have been anything but stable. Then there's market sentiment, which is constantly shifting based on how the investment community is feeling at any particular moment. November could bring anything.
NVDA Nvidia$214.13-$3.10 (-1.43%)
NASDAQ · As of 4:00 PM ET 10/16/26
Hyperscalers are Nvidia's key demand driver Let's still assume that there's a higher probability that Nvidia posts a positive return compared to a loss in November. Instead of taking a victory lap, consider what could break that pattern of upbeat results. In my view, it comes down to one thing.
Nvidia's most important customer cohort contains the five big hyperscalers. Combined, Alphabet, Microsoft, Amazon, Meta Platforms, and Oracle, as well as other hyperscalers, contributed $49 billion to data center segment sales, which as mentioned, totaled $89 billion in the most recent fiscal quarter. These customers are spending tremendous sums of capital to build AI-related technical infrastructure.
The amount of money they allocate to Nvidia products and services depends on how much momentum their businesses have. Specifically, we've seen cloud revenue accelerate for Amazon Web Services, Microsoft Azure, Google Cloud, and Oracle Cloud Infrastructure in recent quarters. Hyperscaler backlogs have exploded, measured cumulatively at more than $2 trillion.
That's an immediate demand signal that helps to alleviate investor concerns about Nvidia's own business strength. Four of the top five hyperscalers will report their third-quarter financial results in the next two weeks. Investors should continue to pay close attention to numbers and commentary related to how their cloud segments perform.
The logic is straightforward. Slower cloud growth gives hyperscalers less reason to keep expanding capital expenditures (capex) at the current pace. And any cuts to forecast capex will negatively impact Nvidia's data center business. Furthermore, market sentiment might plummet.
If the growth decelerates in Q3, it's not exactly a reason to panic. That doesn't automatically start a trend. And the view is that AI is still in the early innings. However, a slowdown could drive fears that the AI boom is starting to cool. That could pressure Nvidia shares.
Disney po bankrotu společnosti Character.AI nabídne práci nejméně 60 jejím zaměstnancům, tedy většině týmu, přičemž odhadované roční mzdové náklady činí 60 milionů USD.
After chatbot startup Character.AI filed for bankruptcy earlier this week, many of its employees will have the opportunity to take jobs at Disney.
Character.AI’s former CEO Karandeep Anand recently became the entertainment giant’s first CTO, and the startup previously said that Disney had agreed to acquire some of its assets for $20 million.
A legal filing spotted by Bloomberg revealed more details about the agreement between Character.AI and Disney, with Disney agreeing to make employment offers to at least 60 Character.AI employees — the majority of the workforce — paying them an estimated $60 million in annual compensation.
The filing also says that the “vast majority” of Character.AI employees who were offered jobs at Disney accepted them. However, this is a stalking horse bid, so another company could come forward with a higher offer.
The filing says that despite its “large and engaged user base,” Character.AI has been hobbled by high costs and “potential litigation-related liabilities and regulatory engagement.” (The company was sued by the mother of a 14-year-old boy who said her son became obsessed with one of Character.AI’s chatbots before committing suicide; it also faces government investigations over child safety concerns.)
iShares Bitcoin Trust společnosti BlackRock zaznamenal v týdnu končícím 16. října 2026 odliv 165,4 mil. USD, což představovalo většinu z celkových 228,4 mil. USD stažených z bitcoinových ETF.
BlackRock's Bitcoin ETF just shed hundreds of millions in a single week after a massive price rally, and whether that signals a Wall Street retreat or something far less alarming depends on a number you probably haven't seen yet.
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BlackRock‘s (NYSE: BLK | BLK Price Prediction) iShares Bitcoin Trust (NASDAQ: IBIT) saw a significant outflow of $165.4 million for the week ending October 16, 2026, accounting for most of the $228.4 million in Bitcoin ETF outflows that week. These ETFs hold Bitcoin and trade like stocks, so a net outflow means investors withdrew more money than they invested.
This selling occurred after a strong period for Bitcoin. As of October 17, Bitcoin (CRYPTO: BTC) trades around $81,141, down 1.7% over the past week but up 6.8% over the last month. Since August 18, Bitcoin has risen 25.4% to about $64,681.
So, is Wall Street genuinely retreating from Bitcoin, or is that week’s outflow being exaggerated?
IBIT Accounted for 72% of $228 Million in Bitcoin ETF Outflows
IBIT’s outflow accounted for about 72% of the week’s total withdrawals from Bitcoin ETFs. When a major fund like IBIT drives most of the outflow, a few large investors adjusting their positions can significantly affect the total.
Other funds also posted losses, including the Fidelity Wise Origin Bitcoin Fund (CBOE: FBTC), which lost $60.2 million; the Grayscale Bitcoin Mini Trust (NYSEARCA: BTC), which fell $7.6 million; and the Invesco Galaxy Bitcoin ETF, which lost $4.1 million. However, not all news was negative; the Morgan Stanley Bitcoin Trust took in $6.7 million, and the Bitwise Bitcoin ETF added $2.2 million, showing that some new investments are still flowing into Bitcoin ETFs during a downturn.
The trend continued into the week’s final session, when U.S. spot Bitcoin ETFs lost $82.4 million on October 16, with IBIT accounting for $71.8 million of that total.
A $228 Million Outflow Is Small Next to $104 Billion in Bitcoin ETFs
Despite the $228.4 million outflow, U.S. spot Bitcoin ETFs held $104.3 billion in total net assets on October 16, according to SoSoValue. This means the week’s withdrawals totaled roughly one-fifth of one percent of that total, with IBIT’s share alone at about one-sixth of one percent.
BlackRock’s recent performance also tells a positive story. The firm reported $79.6 billion in assets on its digital-assets platform in its third-quarter results, including IBIT.
Notably, on a single strong day, investors put substantially more money into these funds than they pulled out over the entire week. On September 21, for example, Bitcoin ETFs attracted roughly $999 million, making that week’s outflow only about 23% of one day’s inflow.
One Heavy Selling Day Did Most of the Damage to Bitcoin ETFs
The investor activity varied significantly throughout the week. Bitcoin ETFs brought in $175.6 million on October 13 but lost $261.5 million the next day. A small inflow of $5.1 million came on October 15 before the final outflow on October 16.
The significant outflow on October 14 alone surpassed the week’s total net withdrawal, suggesting a single, heavy selling session did most of the damage. Positive inflows on other days helped recover some of the losses.
Bitcoin’s price, however, seemed resilient against these sell-offs. A 1.7% drop over the week feels relatively mild given the substantial outflows, although on a longer timeline, Bitcoin is down 6.8% this year and 23.4% in the past year.
Do $228 Million in Bitcoin ETF Outflows Indicate Wall Street Is Pulling Back?
The current flow data does not strongly indicate that Wall Street is retreating from Bitcoin. A $228.4 million outflow against a backdrop of $104.3 billion in assets appears more like investors taking profits after a significant 25.4% price increase rather than a long-term pullback. Furthermore, BlackRock’s iShares platform recorded $135 billion in net inflows in the third quarter, and institutions looking to reduce risk would likely show up in these numbers first.
A real retreat would be noticeable in the data; for instance, if U.S. spot Bitcoin ETFs recorded a weekly net outflow exceeding $999 million, matching the inflow seen on September 21, and if IBIT faced a second consecutive week of losses, it could indicate a more significant retreat. Until then, the October sell-offs appear to reflect a momentary pause by investors, who still hold a substantial $104.3 billion in these funds.
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Warren Buffett’s bet on Occidental Petroleum (NYSE: OXY) is seemingly paying off, with the stock rising over 50% in the past year.
Notably, OXY shares reached a 52-week high of $67.45 on March 31 before retreating and recovering, settling at $62 as of press time, up 52% over the past year.
OXY one-year stock price chart. Source: Google Finance Occidental’s recovery reflects improving fundamentals and higher oil prices amid US-Iran tensions and concerns about disruptions to crude shipments through the Strait of Hormuz. Its average realized crude oil price rose 32.6% year over year in the third quarter.
Berkshire’s Hathaway’s (NYSE: BRK.A, BRK.B) investment gives it exposure to Occidental’s production assets and cash flows.
Berkshire stake in Occidental The relationship also deepened when Berkshire completed its $9.7 billion cash acquisition of Occidental’s OxyChem business on January 2, 2026, giving the oil producer greater flexibility to reduce debt and focus on its core operations.
At the same time, Berkshire’s first-quarter filing showed a 26.9% stake, excluding the potential effect of outstanding warrants.
Occidental’s 2025 annual filing separately listed Buffett and affiliated entities as holding 348.9 million shares and warrants, equivalent to 32.43% of outstanding common stock under that disclosure’s methodology.
Meanwhile, Occidental’s second-quarter 2026 results reported net income of $2.8 billion, or $2.75 per diluted share, and adjusted earnings of $2.40 per share. Operating cash flow reached $5.1 billion, while free cash flow before working capital hit $3 billion, its highest level since Q3 2022.
Production averaged 1.433 million barrels of oil equivalent per day, exceeding the high end of guidance. Occidental also reduced principal debt by $1.9 billion to $11.8 billion, moving closer to its $10 billion target.
Further debt reduction could lower interest expenses and free up cash for dividends, share repurchases and production investments.
OXY third quater outlook Third-quarter pricing data reinforced the favorable operating environment. Occidental’s average realized crude oil price rose 32.6% year over year to $85.91 per barrel, while Brent averaged $89.27, up 31.2%. Realized natural gas liquids prices increased nearly 26% to $24.63 per barrel.
However, production at some Gulf of America facilities was temporarily curtailed in September because of a third-party gas pipeline constraint and maintenance.
Production was partially restored, with the remaining affected output expected to return as the issue was resolved.
Oil-price volatility remains the main risk. In this case, easing geopolitical tensions, weaker demand, increased competing supply, or changes in OPEC+ output could pressure crude prices and Occidental’s margins.
Other risks include debt obligations, production costs, exploration uncertainty, environmental regulations and operational disruptions.
OXY investment case Overall, after its 52% rally, Occidental is no longer an obvious bargain. Its investment case depends on sustained cash generation, disciplined spending and further debt reduction.
Berkshire’s substantial stake supports investor interest but does not guarantee future returns, particularly given its longer investment horizon.
TSMC letos vynaloží na kapitálové výdaje 60 až 64 miliard USD, zejména na výstavbu továren a pořízení zařízení, protože poptávka po čipech převyšuje nabídku. Tržby ve třetím čtvrtletí meziročně vzrostly o 41 % na rekordních 46,7 miliardy USD.
Taiwan Semiconductor Manufacturing (TSM -2.28%) plans to spend $60 billion to $64 billion this year on new factories and equipment. That's a lot of cash going out the door, with capital spending totaling a third of trailing-12-month revenue. But for the world's largest chipmaker, it's a signal that more growth is coming.
On the Oct. 15 earnings call, CFO Wendell Huang tied spending to long-term demand from customers, including the emerging market for agentic AI -- autonomous software that completes tasks on its own. He also said spending from 2026 through 2028 should be significantly higher than in the previous three years.
Image source: Getty Images.
TSMC is chasing demand. Third-quarter revenue hit a record $46.7 billion, up 41% year over year, and management expects fourth-quarter revenue of $52.3 billion to $54.3 billion. CEO C.C. Wei said the gap between demand and supply remains "quite big." Huang added that if TSMC executes, revenue growth should outpace the increase in capital spending.
This is TSMC's scale at work. Even with investment in equipment to expand chipmaking capacity, it reported a stellar 51.1% profit margin in the third quarter, up from 45.7% in the year-ago quarter.
Geopolitical risks in Asia remain. TSMC continues to invest in building new factories in Taiwan, while expanding overseas to diversify its operations. However, overseas plants in places like Arizona cost more to run and may weigh on future margins.
Still, the strong quarter and investment plans point to years of growth ahead, which makes the stock a buy for long-term investors. Taiwan Semiconductor stock is trading at 19 times 2027 earnings estimates, with the consensus estimate calling for earnings to grow 28% next year.
John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
On its third quarter of 2026 earnings call, held on Oct. 14, 2026, State Street (STT -1.12%) reported a 33% year-over-year increase in per-share earnings to $3.69 and 13% year-over-year growth in total revenue to $4 billion. Fee-based revenue and interest margin expansion demonstrate that scale and pricing power are driving operating efficiency. Three key takeaways from management's comments highlight the long-term outlook.
1. Wealth Management Services Gain Traction With Large Registered Investment AdvisorsState Street expanded its reach into servicing registered investment advisors (RIAs), or independent wealth management firms, by pairing its front-office software with custody services. Winning large advisor mandates validates its strategy to capture growing individual investor asset pools.
During the third quarter, we secured a servicing mandate from one of the largest RIAs in the United States, an important validation of both the market opportunity and our value proposition.
-- Ronald O'Hanley, Chairman and Chief Executive Officer2. Alternative Asset Servicing Expands Across Complex Private MarketsDemand for private credit and alternative asset administration continues to accelerate as institutional portfolios diversify. The company uses specialized software and administrative capabilities to capture higher-margin private market servicing fees.
Alternative servicing fees grew at a double-digit rate year-over-year in the third quarter, reflecting solid growth across private markets and strong client activity.
-- Ronald O'Hanley, Chairman and Chief Executive Officer3. Net Interest Margin Expansion Drives Operating LeverageHigher yields on interest-earning assets expanded net interest income, or the spread earned between interest assets and funding liabilities. Combined with disciplined productivity controls, higher interest income allowed revenue growth to outpace expense growth, thereby strengthening operating leverage.
Net interest income of $864 million increased 21% year-over-year in the third quarter, driven primarily by continued net interest margin expansion and supported by growth in the average interest-earning assets as well.
-- John Woods, Chief Financial OfficerLooking AheadRevenue momentum is accelerating across custody, market services, and asset management, and management isn't hiding its satisfaction about full-year operating leverage. Massive global scale, integrated software platforms, and sticky client relationships position the business to capture higher fee revenue over time. Executive focus remains on pricing discipline, deposit retention, and technology execution.
Taken together, we expect to deliver over 500 basis points of positive operating leverage in 2026.
-- John Woods, Chief Financial OfficerWith assets under custody and administration reaching a record $59.2 trillion and digital initiatives advancing, the strategic foundation supports long-term value creation.
Quarter after quarter, our results continue to validate that our strategy is working and delivering consistent, durable improvement in financial performance.
-- Ronald O'Hanley, Chairman and Chief Executive OfficerThe Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Starknet aktivoval STRK20, který u aktiv ERC-20 umožňuje skrýt zůstatky, odesílatele, příjemce i částky a zároveň selektivně zpřístupnit údaje pro audit.
Starknet now offers programmable private money, the kind of confidential digital cash Zcash pioneered, through its new privacy features.
The effort runs on two tracks. One is STRK20, a token privacy framework that is live on Starknet, the Ethereum layer 2 network. The other is Ztarknet, a project still in development that would bring Starknet’s execution engine to Zcash as its own layer 2.
What STRK20 actually does STRK20 is a framework for token-level privacy. It applies to any ERC-20-like asset, the standard format for most tokens in the Ethereum ecosystem.
Once a token uses STRK20, its balances and transfers can be confidential. The sender, the receiver, and the amount can all be hidden from public view.
The framework supports DeFi activity such as swaps, lending, and staking while keeping transaction details private.
Compliance is built in through two mechanisms: viewing keys and selective disclosure. A viewing key lets an authorized party, such as an auditor, see transaction details that remain hidden from everyone else. Selective disclosure allows a user to prove specific facts about their activity to a specific party without exposing everything to the entire network.
The research describes the result as enabling Zcash-like private assets directly on Starknet. The first major asset to use STRK20 is strkBTC, a shielded form of Bitcoin on the network.
The road from testnet to mainnet By November 2025, the Ztarknet testnet had launched with a live explorer. It demonstrated verification of Circle STARK proofs on a modified Zcash testnet.
Then came Starknet v0.14.2 in April 2026. The upgrade enabled native STARK proof verification through a proposal called SNIP-36, which laid the groundwork for STRK20.
STRK20 itself was activated by June 2026.
Ztarknet remains in development. Its design uses ZEC, Zcash’s native token, to pay settlement fees on the Zcash base layer. It relies on the Madara sequencer, which orders transactions, and the Stwo prover, which generates the STARK proofs. Ztarknet is designed to operate without changing Zcash’s existing shielded pools.
Why the Starknet and Zcash overlap matters Eli Ben-Sasson and Zooko Wilcox, two prominent figures in blockchain and privacy, are heavily involved in both efforts.
What this means for privacy in crypto STRK20’s viewing keys and selective disclosure are designed to address compliance concerns that have historically put pressure on privacy coins. The research suggests that as privacy rules tighten globally, platforms offering compliant private transactions are likely to draw institutional interest.
For DeFi, public blockchains broadcast every trade, which exposes users to front-running and makes large positions easy to track. Confidential swaps and lending could make onchain finance more workable for anyone who prefers not to show their hand.
The key milestones ahead sit with Ztarknet. Watch for progress from testnet toward production, how ZEC-based settlement performs in practice, and whether developers actually build on it.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Aave V4 has passed $450 million in active loans less than seven months after its March 2026 launch on Ethereum. Here is what is driving growth in the Aave lending protocol and what the data shows.
Aave V4 has reached $450 million in active loans, a milestone the protocol marked in a post from @aave. The latest version of the DeFi lending platform, led by Aave Labs CEO @StaniKulechov, went live on March 30, 2026, which puts the figure at less than seven months after launch.
How Aave V4 reached $450M Aave V4 rolled out on the Ethereum mainnet after more than two years in development. The initial deployment included three hubs (Core, Plus, Prime) and eleven spokes, which route liquidity across different collateral categories. The launch was deliberately cautious. All three hubs started with conservative supply and borrow caps, which Aave Labs described as an intentional, security-first approach.
Growth then picked up. V4 deposits sat below $340 million at the start of August and were around $1.16 billion by late September, with active loans between $300 million and $310 million. Aave V4 also launched on Avalanche on July 15, its first multi-chain deployment. More recently, deposits on Circle's Arc blockchain crossed about $300 million by October 12, with total V4 deposits near $1.2 billion and active loans above $400 million across Ethereum, Avalanche and Arc.
Tokenized equities are part of the picture. Aave V4's Base deployment supports borrowing against seven Coinbase-tokenized U.S. stocks, and eligible users outside the United States can deposit them and borrow USDC. U.S. users are excluded.
What it means for $AAVE holdersThe V4 numbers come after a weak stretch for the wider protocol. According to Token Terminal data cited by Cryptonews, Aave's deposits and active loans in September were both more than 55% below their September 2025 levels , and protocol revenue remained 66.6% below the previous year . The same report said Aave remained the largest onchain lending protocol, with 47% of outstanding loans across the projects Token Terminal tracks.
In other words, V4's $450 million in active loans is still small next to the roughly $12.5 billion in total active loans across Aave, based on Aavescan data. V4 is, however, the fastest-growing part of the protocol.
Whether that translates into value for the $AAVE token will depend on whether borrowing demand keeps rising and converts into protocol revenue. Kulechov has said V4 is focused on the borrow side. He told The Block the aim is
Sources
Aave Labs: Aave V4 is Live on EthereumThe Block: Aave V4 launches on Ethereum mainnetCryptonews: Aave's lending recovery faces a new test as V4 expands
Babylon Labs navrhuje integraci, která by držitelům BTC umožnila půjčovat si stablecoiny prostřednictvím Aave V4, aniž by museli používat zabalené tokeny nebo přesouvat BTC z bitcoinové sítě.
Babylon Labs has introduced a governance proposal that would allow Bitcoin holders to borrow stablecoins through Aave without moving their BTC off the Bitcoin blockchain. If advanced, this initiative could expand Aave, a leading decentralized finance (DeFi) lending platform, by offering direct Bitcoin-backed lending without the need for wrapped tokens.
Taproot Vaults to Enable Native Bitcoin CollateralThe proposal, published on October 14, details an integration using Babylon’s Trustless Bitcoin Vaults (TBVs) to link native Bitcoin with Aave V4’s Ethereum-based system. Instead of relying on wrapped Bitcoin, users would lock their BTC in Taproot-enabled outputs directly on the Bitcoin network.
Once locked, a corresponding record would be reflected within Aave V4, permitting users to access stablecoin liquidity without bridging assets to Ethereum. The system employs two core elements: the Babylon Spoke, which manages borrowing against BTC, and the BTC Vault Swap Spoke, responsible for liquidations and settlements.
Because Aave’s lending pools require ERC-20 tokens as collateral, the integration generates a restricted accounting token to represent users’ Bitcoin vaults in Aave. However, this token cannot be traded or freely transferred like standard wrapped BTC assets.
Mini dictionary: Babylon Labs is a blockchain research and development company focused on expanding the utility of Bitcoin through innovations such as trustless staking vaults and decentralized finance integrations.
Babylon has promoted on-chain BTC utility before, notably with its staking infrastructure—since August 2024, it reports over 100,000 Bitcoin cumulatively staked in its vaults, signaling demand for advanced Bitcoin-based financial products.
Babylon Foundation, in its governance documents, indicated that its TBV system allows users to gain liquidity from Aave without forfeiting custody or relying on wrapped assets, offering a way to participate in DeFi while retaining native BTC ownership.
Governance and Security MechanismsAs the proposal moves past an initial community review, governance concerns have emerged over how emergency mechanisms will affect user access. On October 16, an Aave governance member questioned whether Babylon’s emergency settings could delay or prevent collateral withdrawals, despite the Bitcoin itself remaining secure in its Taproot vault.
Babylon engineer Aleksa Opacic clarified that these emergency stops would not move or release any BTC from vaults, but could temporarily suspend withdrawals, repayments, and liquidations to maintain platform stability during critical situations.
The system would rely on a four-of-seven multisignature governance group plus a separate three-of-five emergency guardian team. Contract upgrades would be subject to a five-day grace period, while emergency pauses could take effect immediately.
A Babylon engineer emphasized that while the native BTC collateral remains secure, emergency protocols might temporarily restrict access to borrowers during periods of volatility or risk assessment.
Security measures of this kind have drawn scrutiny within the DeFi space, as real-world incidents involving liquidations and collateral control underscore the importance of robust on-chain governance and transparency.
Revenue Sharing and Competitive LandscapeThe proposal also lays out a revenue-sharing model between Aave DAO and the Babylon Foundation. Under the plan, Aave would receive the first $500,000 in qualifying annual revenue from the Bitcoin-backed lending feature. Earnings above that threshold would be divided among Aave, Babylon, and token-purchase pools based on a sliding scale.
Annual RevenueAave ShareBabylon ShareToken Purchase AllocationUp to $500,000100%0%0%$500,000–$1,000,00060%30%10%Above $1,000,00050%25%25%As revenue grows, portions of these funds would be used to purchase AAVE and BABY tokens from the market. Still, the framework does not guarantee minimum demand for the product or required token acquisitions.
This development aligns with Aave’s ongoing expansion of version 4 of its lending protocol, as well as increased institutional and platform interest in direct Bitcoin-backed lending.
Competitor platforms like Strike also offer Bitcoin-secured loans, highlighting how different providers are balancing the need for liquidity with the risks tied to collateral liquidation. The outcome of Aave’s governance process will determine whether this integration proceeds to implementation.
Výpadek směrování 12. srpna vyřadil z provozu 28,83 % stakovaných SOL; síť Solana zůstala online, ale finalizace bloků se přibližně na půl hodiny zastavila.
18 October 2026 | 11:50 At about 03:43 UTC on August 12, a bad internet route began spreading from TeraSwitch’s data centre in Miami.
According to Metrika’s analysis of the incident, around 90 Solana validators holding roughly 29% of staked SOL lost connectivity, and blocks took up to about 30 minutes to finalise, against the usual 13 seconds.
Solana never went down. Blocks kept coming, and an uptime chart would have shown an ordinary day. On Wednesday, October 21, the network switches to Alpenglow, an upgrade that targets finality of roughly 150 milliseconds, but nothing in it touches the hosting problem. A research report published on October 16 by Fidelity’s FCAT unit puts the largest hosting network at about 29% of stake, close to the share Metrika saw go offline.
What happened on August 12 Solana finalises a block, the point at which a transaction can no longer be reversed, only while more than two-thirds of staked SOL is voting. That normally takes about 13 seconds. With roughly 71% of stake still online on August 12, the network stayed above the line, but only just. Metrika puts the offline share at 28.83%, against a 33.34% point at which finalisation stops chain-wide.
August 12: share of staked SOL offline, against the finality-halt line
Offline: 28.83%
Headroom: about 4.5 points
Finalisation stops: 33.34%
Online: about 71%
Source: Metrika.
Metrika says another four to five percentage points of stake on the affected routes would have meant a network-wide halt needing coordinated recovery. The fault began in TeraSwitch’s Miami facility and spread to validator infrastructure in London, Amsterdam, Frankfurt, Singapore and Tokyo, and in most cases the affected validators’ backup systems never switched on.
TeraSwitch fixed the fault about ten minutes after diagnosing it, and traffic was flowing again by 04:16 UTC, 33 minutes after it began. Validators recovered over the following 40 minutes. In that time, the share of scheduled slots producing no block jumped above 32%, from under 1%. Non-vote transactions per second fell from roughly 1,100–1,300 to below 300. For about half an hour no blocks finalised at all, and the backlog then cleared in a burst averaging around 1,600 seconds from production to finality.
The one number that didn’t move was uptime, which held at 100% because the chain never stopped producing blocks. For about half an hour, though, nobody could say when a payment would become irreversible. Metrika, which sells a digital-asset risk-management platform and draws on its own indicators here, treats finality delay, not downtime, as the event that matters to anyone settling funds on Solana.
What a stalled chain would and wouldn’t mean The risk FCAT describes is stalled finality and possible censorship. A coalition holding more than one-third of stake could stop the rest from reaching the two-thirds needed for finality, the report says, but it would not gain unrestricted control over user assets or the ability to rewrite finalised transactions. A hosting fault that took out the same share of stake would halt finality without anyone attacking anything.
That share is not hard to reach. FCAT counts roughly 20 validator identities (18 in another passage) holding more than a third of stake, and says that third sits in two countries, on two hosting networks and on two base client implementations. Those are vote accounts, not independent organisations: Figment, for one, runs two of the top five validators in that group. FCAT’s overall verdict is positive, citing more than two years without a major mainnet outage, vote success averaging about 99.7% in 2026 and a software stack that is slowly diversifying. It lists concentration as the thing to keep watching. FCAT is Fidelity’s applied-technology research unit and runs a small Solana validator of its own.
Two months on, the share is still about 29% FCAT’s October snapshot puts the largest hosting network at about 29% of stake. The two figures measure different things, stake offline during a fault and a network’s share of all stake, but they land in the same place. FCAT says the Solana Foundation had already been working to reduce TeraSwitch’s dominance. Here is how its numbers break down, from the people running validators to the code they run.
18-20
OPERATORS
validator identities hold over a third of stake
Vote accounts, not independent organisations. Figment runs two of the group’s top five.
~40%
LOCATION
of stake in Frankfurt and Amsterdam
An IP-geolocation estimate that FCAT says may be inaccurate. About 59% sits in Germany, the Netherlands and the US.
~29%
NETWORK PROVIDER
of stake on one hosting network
October snapshot. Validators in different cities can share a provider, and validators in one city can use different ones.
~63%
SOFTWARE
of stake ran Jito-based software in Q3
Another 26% ran Harmonic. Most configurations still share Agave code underneath, so one bug there could hit them together.
Source: FCAT, The State of Solana: Network Health and Resilience (October 2026).
Validators cluster for a reason. Latency rewards being close to other nodes, FCAT notes, and specialist hosts such as TeraSwitch and Latitude build hardware for Solana’s workload. Operators do have protections: failovers, backup power, and private networks such as DoubleZero that reduce reliance on the public internet. The Foundation also set up an incident-response network, SIRN, in early 2026. On August 12, though, most backups never switched on.
The Foundation’s limit reaches about 4% of stake The Solana Foundation’s delegation programme sets the main rule. Since May 1, 2026, validators that want Foundation stake have had to sit on a hosting network under a 25% ceiling and in a data centre under 15%. A validator that fails loses its Foundation delegation until it passes again.
The limits took effect three months before the August fault, and by FCAT’s October snapshot the largest network was still above the ceiling. The programme’s reach is the other half of the problem. As of Q3 it delegated to about 51% of validators, but those delegations amounted to about 4% of active stake. The rule gives validators a reason to diversify, but it doesn’t govern the rest of the stake.
Largest hosting network’s share of stake (October)
About 29%. The black line marks the Foundation’s 25% ceiling.
Stake delegated by the Foundation’s programme (Q3)
About 4%.
Both bars use the same scale, 0-40% of staked SOL. Sources: FCAT, Solana Foundation.
What Alpenglow fixes, and what it doesn’t Alpenglow goes live on mainnet in epoch 1064, which Solana says starts around 15:00 UTC on Wednesday, October 21. Anza, the team behind the Agave client, has said about 14:50. The old voting system keeps running for the first 5,000 slots, about 18 minutes, and the new one takes over at slot 459,653,000. Finality is meant to drop from about 12.8 seconds to roughly 150 milliseconds, a figure Solana describes as an expectation, not a constant. Wallets and apps keep working as they do today.
It does nothing for the hosting problem. A faster vote shortens how long agreement takes, but nothing on Solana’s upgrade page changes where validators run or which provider connects them.
For now it also narrows software diversity. Validators must run Agave, Jito-Solana or Harmonic Salsa on a release built on Agave 4.3.0. Firedancer and Frankendancer aren’t supported during the migration, and Solana’s page gives no date for when they will be. Firedancer is the independent codebase FCAT calls Solana’s most significant move toward independent client diversity. Validators must also hold at least 0.8 SOL above the rent-exempt minimum in their vote account, or they won’t vote or produce blocks in the next epoch.
BEFORE
Now to about 14:50-15:00 UTC, October 21
Firedancer and Frankendancer operators move to an Agave-based client. Every voting validator holds 0.8 SOL above rent-exempt in its vote account.
AT THE SWITCH
Epoch 1064 begins
The old voting system runs for the first 5,000 slots, about 18 minutes. Alpenglow takes over at slot 459,653,000.
AFTER
What changes for data
Vote transactions leave blocks, so transaction counts fall. Confirmed and finalized become the same state. Participation data moves to block-footer certificates.
Monitoring changes too. Metrika’s analysis treats votes per block as the closest indicator of how near the network is to the finality line, because votes are ordinary transactions carried in blocks. Alpenglow takes votes out of blocks, and Solana’s migration notes say anything that measures validator participation by parsing vote transactions will need a new source, because that data moves into certificates in the block footer. Reported transaction counts will also fall without any drop in real activity.
What to check this week If you stake SOL: look up where your validator is hosted before you delegate. Validators.app, the source both FCAT and the Foundation use, tracks stake by hosting network and data centre. A validator on the largest network shares the August risk.
If you build on Solana: expect transaction-count and TPS dashboards to drop on Wednesday with no change in real activity. Keep reading at confirmed until Alpenglow is live, then move to finalized, as Solana’s migration notes advise. Before activation, finalized still means a wait of about 12.8 seconds. Re-check any timeout or retry tuned to that delay, and track time to finality alongside uptime.
If you run a validator: if you use Firedancer or Frankendancer, switch to an Agave-based client before epoch 1064, and check that the vote account holds the 0.8 SOL.
After Wednesday, two numbers are worth watching: whether the largest hosting network’s share falls below the Foundation’s 25% ceiling, and when Firedancer is supported again. Neither is on Wednesday’s schedule.
This article is provided for informational purposes only and does not constitute financial or investment advice.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Míra spalování poplatků u Solany dosáhla 2,2 %, což je nejvyšší hodnota od začátku roku 2025; SOL/ETH tento měsíc klesl o více než 2,3 % a naráží na úroveň odporu 0,05.
This October, capital flows seem to prefer Bitcoin despite the overall risk-off mood.
Technically, it means that capital is not rotating into altcoins as the textbook fear rotation would suggest. Ethereum dominance fell 5% this month, and Bitcoin dominance increased 2.5% this month, highlighting a clear shift in market preference toward BTC.
Then, what does this imply about the SOL/ETH momentum?
The ratio jumped over 11% during the last two months but decreased by more than 2.3% so far this month. Thus, Solana seems to have difficulty gaining any significant ground against Ethereum despite the relative weakness of the latter.
Moreover, the ratio now encounters resistance at the critical level of 0.05.
Source: TradingView (SOL/ETH) Why is Solana’s activity lead missing from SOL/ETH? That said, on-chain data tell a different story.
According to data from Token Terminal, Ethereum has only recorded around 28 million transactions so far this month, compared to over 6 billion on Solana.
The key takeaway?
Solana is averaging nearly 1,500 transactions per second in 2026, which is almost 8x BNB Chain’s throughput and around 60x Ethereum’s, underscoring the network’s edge in transaction throughput.
Notably, this divergence is beginning to show in social sentiment.
Data shows Solana has overtaken Ethereum in Social Engagements, with 29.7 million engagements over the past 24 hours compared to ETH’s 28.91 million. In addition, Solana has overtaken Ethereum in Creator Activity, with 24.4k creators compared with 23k for ETH.
This suggests that there is growing social traction for SOL, even as its relative price momentum against ETH remains weak.
The key question is: Why is the market still betting on the SOL/ETH setup despite capital flows favoring Bitcoin and ETH demonstrating better price momentum than Solana [SOL]?
According to AMBCrypto, this is where Solana’s divergence in transaction activity begins to matter.
Could Solana’s fees support a SOL/ETH recovery? High transaction activity can generate fees, giving the activity comparison an economic dimension.
Solana’s Monthly Fees reached around $20 million in recent months, with October already recording $15 million. Ethereum generated approximately $8 million in fees over the comparable October period.
However, the supply implications required a closer look.
Solana burned half its Base Fees, while validators received all Priority Fees. Higher total fees therefore offered an incomplete supply picture.
The accompanying Blockworks chart put Solana’s Burn Rate at 2.2%, its highest since early 2025. That reading alone did not establish that SOL’s supply was shrinking or that burns exceeded new issuance.
Source: Blockworks What could Ethereum’s staking queues mean for SOL? Meanwhile, the staking dynamics of Ethereum [ETH] are adding another layer to the SOL/ETH setup.
According to ValidatorQueue, ETH’s entry queue has fallen from 3 million in early May to 1.23 million. At the same time, the exit queue has jumped from around 103,000 to over 1 million, suggesting that demand for new staking deposits is cooling and there is a surge in the number of validators waiting to unstake their ETH.
In short, the SOL/ETH ratio is showing a divergence between tightening supply and cautious market demand. If this trend holds, Solana’s growing burn rate and Ethereum’s increasing staking exit queue could strengthen SOL’s relative performance and set the stage for a breakout above the 0.05 level.
Final Summary Solana’s high transaction activity and rising burn rate are helping tighten SOL’s supply, even as its price struggles against ETH.
Ethereum’s rising staking exit queue could give SOL an edge and support a potential SOL/ETH breakout above 0.05.
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.
Shibarium's daily transactions dropped to 659 in the last 24 hours, the lowest since September 20, 2026, according to Shibariumscan data. The Shiba Inu layer 2 saw 2,280 transactions on October 15, 2026, which dropped to 659 on October 17, 2026.
The dip shows there is less activity on the network as a whole. The number of transactions fell sharply from 5,710 on October 6 after a steady rise in September. While the number of transactions is a metric for measuring network usage, it does not capture all aspects of ecosystem participation.
Shibarium continues to receive quiet upgrades behind the scenes. According to long-time SHIB community member Mazrael, CreateX is now live on Shibarium. CreateX is the standard factory devs use to deploy contracts at the same address on every chain, making multi-chain deploys on Shibarium much easier.
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In a separate development, all 12 Safe v1.4.1 contracts are deployed at their canonical addresses via the Safe Singleton Factory.
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In separate news, x402 is fully live on Shibarium with two payment modes: exact, allowing users to pay a fixed price, and up to, allowing users to pay up to a cap, for metered APIs and AI agents. AI agents can pay in SHIB, TREAT, or wrapped BONE.
A notice on the Shibariumscan page reveals ongoing indexing: "59% Blocks Indexed – We're indexing this chain right now. Some of the counts may be inaccurate."
Shiba Inu adds 2,495 holdersShiba Inu continues to expand its holder base in October, adding 2,495 holders according to the Etherscan SHIB X account despite relatively quiet growth across the broader cryptocurrency market.
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The increase suggests that SHIB continues to attract new wallet holders, but whether that growth translates into stronger market demand remains to be seen as the month progresses.
At the time of writing, SHIB was down 2.98% in the last 24 hours to $0.00000488 and down 10.13% over the past week.
Dutch Bros (BROS +0.15%) has seen its name recognition grow over the years. Credit goes to the success of its small-format and drive-through locations. In addition to coffee, it sells a long list of customizable drinks. The company's customer service is a big draw.
It's not easy to establish a solid position in the retail coffee industry. However, Dutch Bros has successfully carved out a niche in the market.
While the business is a success, the coffee stock has been wildly volatile. It currently trades 52% below its record high (as of Oct. 15).
Investors should listen to the bulls and the bears. Here's one reason to buy shares and one reason to pause.
Image source: Getty Images.
Reason to buy: Projected store growth offers exciting possibilities
The main reason investors should consider buying the stock is its growth trajectory. As of June 30, there were 1,225 Dutch Bros locations in total. That's up 17% from 12 months ago. Management believes that it has a total addressable market of 7,000 stores. That would be almost six times larger than the current footprint.
The coffee chain has a strong presence in the western and southern parts of the U.S. That still leaves plenty of expansionary runway across the country. In May, for instance, the first Dutch Bros location opened in the Chicago area. New stores, of course, support higher revenue over time.
But each shop is also becoming more productive. Dutch Bros reported same-store sales growth in the last 13 straight quarters. That's a promising indicator at a time when the macroeconomic environment has pressured consumer confidence.
Analysts project the top line will rise 97% from 2025 to 2028. With the stock significantly off its highs, robust growth can be a tailwind for investors.
$41.16+$0.06 (+0.15%)
NYSE · As of 4:00 PM ET 10/16/26
Reason to pause: The retail coffee market is crowded
This industry is extremely competitive. Barriers to entry are low, opening up the door to new rivals. And customers have no switching costs; they can spend their money wherever they please with each transaction.
So, it's valid to question if Dutch Bros has a durable moat. Its brand is becoming more well-known, to be fair. Does this drive loyalty over time, though? That's hard to say.
The challenging industry backdrop might give investors pause. There is competition all over the place. Large chains like Starbucks, McDonald's, and Dunkin' have massive footprints that support their scale advantages. Dutch Bros can't go toe-to-toe with them when securing favorable real estate, marketing efforts, or procuring coffee and other key inputs.
There is also pressure coming from direct competitors. Smaller players like 7 Brew and Biggby Coffee operate with similar strategies. Customers can easily start to favor them if they pop up nearby.
Dutch Bros' growth has been impressive, but the company's future success is far from guaranteed.
Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Dutch Bros and Starbucks. The Motley Fool recommends the following options: long January 2028 $320 calls on McDonald's and short January 2028 $340 calls on McDonald's. The Motley Fool has a disclosure policy.
Rosen Law Firm prověřuje možné nároky akcionářů společnosti Cooper Companies v souvislosti s údajně zavádějícími informacemi. Akcie COO klesly 10. září 2026 o 14,6 % po zveřejnění slabého výhledu.
Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of The Cooper Companies, Inc. (NASDAQ: COO) resulting from allegations that Cooper Companies may have issued materially misleading business information to the investing public.
So What: If you purchased Cooper Companies securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/cases/the-cooper-companies-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
What is this about: On September 10, 2026, The Motley Fool published an article entitled "Why is Cooper Companies Stock Down 15% Today?". The article stated that Cooper Companies stock fell "after the company's earnings report disappointed Wall Street with weak guidance and a decision to not sell CooperSurgical."
On this news, Cooper Companies's stock fell 14.6% on September 10, 2026.
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Counterpoint Mutual Funds ve třetím čtvrtletí získal 1 227 876 akcií společnosti Mobileye Global (MBLY) v hodnotě zhruba 9,074 milionu USD, což představuje podíl 0,15 %.
Counterpoint Mutual Funds LLC acquired a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,227,876 shares of the company’s stock, valued at approximately $9,074,000. Counterpoint Mutual Funds LLC owned about 0.15% of Mobileye Global as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in MBLY. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Mobileye Global by 24.5% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,585,733 shares of the company’s stock valued at $24,634,000 after buying an additional 705,400 shares during the period. Assenagon Asset Management S.A. increased its stake in Mobileye Global by 6.9% in the third quarter. Assenagon Asset Management S.A. now owns 2,586,131 shares of the company’s stock valued at $19,112,000 after acquiring an additional 166,392 shares during the last quarter. Bank of America Corp DE raised its position in Mobileye Global by 5.8% during the first quarter. Bank of America Corp DE now owns 2,036,548 shares of the company’s stock valued at $13,991,000 after purchasing an additional 111,215 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Mobileye Global during the 4th quarter worth $15,290,000. Finally, First Trust Advisors LP boosted its stake in Mobileye Global by 27.7% in the first quarter. First Trust Advisors LP now owns 1,152,499 shares of the company’s stock valued at $7,918,000 after buying an additional 249,921 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In A number of research firms recently issued reports on MBLY. Zacks Research upgraded shares of Mobileye Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 21st. Barclays reiterated an “equal weight” rating and issued a $9.00 price objective (down from $14.00) on shares of Mobileye Global in a report on Wednesday, September 30th. UBS Group reduced their price objective on shares of Mobileye Global from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. The Goldman Sachs Group reduced their price target on Mobileye Global from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 6th. Finally, Morgan Stanley cut their price objective on Mobileye Global from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.23.
Check Out Our Latest Analysis on MBLY Insider Buying and Selling In other Mobileye Global news, Director Frank Yeary purchased 12,360 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The shares were acquired at an average cost of $7.98 per share, for a total transaction of $98,632.80. Following the completion of the acquisition, the director owned 12,360 shares of the company’s stock, valued at $98,632.80. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Safroadu Yeboah-Amankwah bought 11,841 shares of the stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of $8.46 per share, for a total transaction of $100,174.86. Following the completion of the purchase, the director directly owned 84,336 shares in the company, valued at approximately $713,482.56. This trade represents a 16.33% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 10.00% of the company’s stock.
Mobileye Global Stock Down 2.8% Shares of MBLY opened at $7.22 on Friday. The stock has a market cap of $6.06 billion, a P/E ratio of -1.45, a P/E/G ratio of 2.43 and a beta of 1.25. The business’s fifty day moving average is $8.10 and its 200 day moving average is $8.59. Mobileye Global Inc. has a 12-month low of $6.47 and a 12-month high of $15.19.
Mobileye Global (NASDAQ:MBLY – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.13. The business had revenue of $508.00 million during the quarter, compared to the consensus estimate of $480.51 million. Mobileye Global had a positive return on equity of 0.70% and a negative net margin of 201.49%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) EPS. On average, analysts expect that Mobileye Global Inc. will post 0.11 EPS for the current year.
Mobileye Global News Summary Here are the key news stories impacting Mobileye Global this week:
Positive Sentiment: Citigroup initiated coverage with a Buy rating and an $11 price target, implying substantial upside from MBLY’s recent $7.22 level. Citi highlighted Mobileye’s position as a global leader in vehicle-vision technology and its long-term opportunity in advanced driver-assistance systems. Citigroup Initiates Mobileye Global at Buy Rating, $11 Price Target Positive Sentiment: Analyst estimates compiled in a separate report put Mobileye’s average price target at approximately $11.25, suggesting that analysts collectively see meaningful recovery potential from current levels. Mobileye Global Inc. Stock Has Average Target Price of $11.25 Neutral Sentiment: A Zacks industry outlook featured Mobileye alongside Hesai Group, keeping MBLY in focus within the vehicle-sensing and autonomous-driving technology sector. However, the available information does not identify a new earnings forecast or specific company catalyst. Zacks Industry Outlook Highlights Mobileye Global and Hesai Group Negative Sentiment: Morgan Stanley lowered its price target from $10 to $9 and maintained an Equal Weight rating. Although the revised target remains above the recent share price, the cut signals more limited near-term conviction and offsets some of Citi’s optimism. Morgan Stanley Lowers Mobileye Price Target (Free Report)
Mobileye Global Inc is a technology company focused on advanced driver-assistance systems (ADAS) and autonomous driving. Its technologies are designed to help improve road safety and support automated driving through computer vision, artificial intelligence, sensor fusion and mapping.
The company develops and supplies products for automakers and mobility providers, including EyeQ system-on-chips, camera-based driver-assistance features, SuperVision hands-free driving technology, and autonomous driving platforms.
Further Reading Five stocks we like better than Mobileye Global Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027 ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid Does the AI Selloff Put Alphabet’s Breakout in Doubt? Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery Want to see what other hedge funds are holding MBLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mobileye Global Inc. (NASDAQ:MBLY – Free Report).
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Reddit Inc. (NYSE:RDDT – Get Free Report) CEO Steve Huffman sold 17,308 shares of the firm’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $158.57, for a total value of $2,744,529.56. Following the completion of the sale, the chief executive officer owned 336,432 shares in the company, valued at $53,348,022.24. The trade was a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Steve Ladd Huffman also recently made the following trade(s):
On Tuesday, September 29th, Steve Huffman sold 17,308 shares of Reddit stock. The shares were sold at an average price of $144.87, for a total transaction of $2,507,409.96. On Tuesday, September 15th, Steve Huffman sold 17,308 shares of Reddit stock. The shares were sold at an average price of $160.11, for a total transaction of $2,771,183.88. On Monday, August 31st, Steve Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $148.02, for a total transaction of $2,664,360.00. On Friday, August 14th, Steve Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $178.16, for a total transaction of $3,206,880.00. On Tuesday, August 4th, Steve Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $159.78, for a total transaction of $2,876,040.00. Reddit Trading Down 2.1% NYSE RDDT opened at $155.97 on Friday. Reddit Inc. has a 52 week low of $119.27 and a 52 week high of $263.50. The stock has a market cap of $30.01 billion, a price-to-earnings ratio of 36.27, a price-to-earnings-growth ratio of 0.72 and a beta of 2.05. The company has a 50-day moving average price of $154.22 and a two-hundred day moving average price of $161.39.
Reddit (NYSE:RDDT – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $0.95 by $0.30. The company had revenue of $804.91 million for the quarter, compared to analyst estimates of $731.00 million. Reddit had a net margin of 31.35% and a return on equity of 29.02%. Reddit’s revenue was up 61.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 earnings per share. As a group, equities research analysts expect that Reddit Inc. will post 5.27 earnings per share for the current fiscal year. Hedge Funds Weigh In On Reddit Several large investors have recently bought and sold shares of the stock. State Street Corp raised its position in shares of Reddit by 8.7% during the 2nd quarter. State Street Corp now owns 2,979,587 shares of the company’s stock worth $517,197,000 after buying an additional 237,523 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Reddit by 21.8% in the 2nd quarter. Wellington Management Group LLP now owns 1,564,535 shares of the company’s stock worth $271,572,000 after acquiring an additional 280,030 shares during the period. DSM Capital Partners LLC boosted its holdings in shares of Reddit by 5.3% in the first quarter. DSM Capital Partners LLC now owns 848,206 shares of the company’s stock valued at $114,211,000 after acquiring an additional 42,808 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Reddit by 8.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 481,893 shares of the company’s stock valued at $83,647,000 after acquiring an additional 39,540 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Reddit by 2.4% in the first quarter. Bessemer Group Inc. now owns 469,907 shares of the company’s stock valued at $63,273,000 after acquiring an additional 10,996 shares in the last quarter.
More Reddit News Here are the key news stories impacting Reddit this week:
Positive Sentiment: CNBC’s Jim Cramer recommended buying Reddit, describing the shares as “inexpensive.” The endorsement could improve retail-investor sentiment and draw attention to Reddit’s valuation. Jim Cramer recommends Reddit Neutral Sentiment: Reddit will report third-quarter results on Thursday, October 29. Investors are likely to focus on advertising growth, user trends and management’s outlook following the company’s previous quarterly revenue increase of 61% year over year. Reddit third-quarter earnings announcement Neutral Sentiment: Goldman Sachs maintained its Hold rating on RDDT, indicating that the firm does not see a sufficiently compelling risk-reward profile at current levels. Goldman Sachs maintains Hold rating Negative Sentiment: CEO Steve Huffman sold 17,308 shares for approximately $2.74 million, reducing his direct holdings by 4.89%. COO Jennifer Wong separately sold 60,000 shares for about $9.03 million, reducing her position by 5.60%. Both transactions were made under pre-arranged Rule 10b5-1 plans, which lessens—but does not eliminate—the negative signaling effect of insider selling. Reddit insider sales Analyst Ratings Changes A number of equities analysts recently issued reports on RDDT shares. Roth Capital reissued a “neutral” rating and issued a $145.00 price objective on shares of Reddit in a report on Monday, August 3rd. Wells Fargo & Company lowered their target price on Reddit from $187.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Guggenheim reaffirmed a “buy” rating on shares of Reddit in a research note on Wednesday, September 16th. Sanford C. Bernstein reiterated a “market perform” rating and set a $180.00 price target on shares of Reddit in a research report on Friday, July 31st. Finally, Wedbush reduced their price target on Reddit from $250.00 to $221.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $219.29.
Check Out Our Latest Report on Reddit
Reddit Company Profile (Get Free Report)
Reddit, Inc operates a global online platform where users participate in communities organized around shared interests, topics and experiences. Registered users can submit posts, images, videos and links, while other users can comment, vote on content and engage in discussions. The platform comprises thousands of independently moderated communities, commonly known as subreddits.
Reddit generates revenue primarily through digital advertising and other commercial offerings for businesses.
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Provozní ředitelka společnosti Reddit Jennifer Wong prodala 60 000 akcií v hodnotě 9,03 mil. USD v rámci předem stanoveného plánu 10b5-1, čímž snížila svůj podíl o 5,6 %.
Reddit Inc. (NYSE:RDDT – Get Free Report) COO Jennifer Wong sold 60,000 shares of Reddit stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $150.55, for a total transaction of $9,033,000.00. Following the completion of the sale, the chief operating officer directly owned 1,012,226 shares in the company, valued at approximately $152,390,624.30. The trade was a 5.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Reddit Stock Down 2.1% Shares of Reddit stock opened at $155.97 on Friday. Reddit Inc. has a 52-week low of $119.27 and a 52-week high of $263.50. The company’s 50-day simple moving average is $154.22 and its 200-day simple moving average is $161.39. The firm has a market cap of $30.01 billion, a price-to-earnings ratio of 36.27, a price-to-earnings-growth ratio of 0.72 and a beta of 2.05.
Reddit (NYSE:RDDT – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.30. The firm had revenue of $804.91 million during the quarter, compared to analysts’ expectations of $731.00 million. Reddit had a net margin of 31.35% and a return on equity of 29.02%. The firm’s revenue for the quarter was up 61.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. Equities research analysts anticipate that Reddit Inc. will post 5.27 EPS for the current year.
Hedge Funds Weigh In On Reddit Large investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. boosted its holdings in Reddit by 87.5% during the first quarter. Sunbelt Securities Inc. now owns 195 shares of the company’s stock worth $26,000 after buying an additional 91 shares in the last quarter. Ascentis Independent Advisors acquired a new position in Reddit during the first quarter worth about $30,000. EverSource Wealth Advisors LLC grew its position in Reddit by 48.1% during the second quarter. EverSource Wealth Advisors LLC now owns 197 shares of the company’s stock worth $34,000 after buying an additional 64 shares during the period. Beacon Investment Advisory Services Inc. acquired a new position in Reddit during the second quarter worth about $35,000. Finally, V Square Quantitative Management LLC purchased a new position in Reddit in the first quarter valued at about $43,000. Reddit News Summary Here are the key news stories impacting Reddit this week:
Positive Sentiment: CNBC’s Jim Cramer recommended buying Reddit, describing the shares as “inexpensive.” The endorsement could improve retail-investor sentiment and draw attention to Reddit’s valuation. Jim Cramer recommends Reddit Neutral Sentiment: Reddit will report third-quarter results on Thursday, October 29. Investors are likely to focus on advertising growth, user trends and management’s outlook following the company’s previous quarterly revenue increase of 61% year over year. Reddit third-quarter earnings announcement Neutral Sentiment: Goldman Sachs maintained its Hold rating on RDDT, indicating that the firm does not see a sufficiently compelling risk-reward profile at current levels. Goldman Sachs maintains Hold rating Negative Sentiment: CEO Steve Huffman sold 17,308 shares for approximately $2.74 million, reducing his direct holdings by 4.89%. COO Jennifer Wong separately sold 60,000 shares for about $9.03 million, reducing her position by 5.60%. Both transactions were made under pre-arranged Rule 10b5-1 plans, which lessens—but does not eliminate—the negative signaling effect of insider selling. Reddit insider sales Analyst Ratings Changes A number of equities analysts have recently issued reports on RDDT shares. UBS Group reissued a “buy” rating on shares of Reddit in a research note on Friday, July 31st. Evercore reissued an “outperform” rating and issued a $265.00 price target on shares of Reddit in a report on Friday, July 31st. Citigroup restated a “market outperform” rating on shares of Reddit in a research note on Wednesday. Wedbush decreased their price target on Reddit from $250.00 to $221.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft set a $200.00 price objective on Reddit in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $219.29.
Check Out Our Latest Analysis on RDDT
About Reddit (Get Free Report)
Reddit, Inc operates a global online platform where users participate in communities organized around shared interests, topics and experiences. Registered users can submit posts, images, videos and links, while other users can comment, vote on content and engage in discussions. The platform comprises thousands of independently moderated communities, commonly known as subreddits.
Reddit generates revenue primarily through digital advertising and other commercial offerings for businesses.
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Counterpoint Mutual Funds ve třetím čtvrtletí koupil 5 897 akcií společnosti SanDisk (SNDK) za zhruba 10,26 milionu USD; tato pozice tvoří 0,9 % jeho portfolia.
Counterpoint Mutual Funds LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,897 shares of the data storage provider’s stock, valued at approximately $10,260,000. Sandisk accounts for approximately 0.9% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 16th largest position.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Dogwood Wealth Management LLC lifted its holdings in Sandisk by 14.3% in the second quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock valued at $109,000 after acquiring an additional 6 shares during the last quarter. Nilsine Partners LLC grew its position in Sandisk by 3.2% in the second quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock worth $514,000 after acquiring an additional 7 shares during the period. Insight Wealth Partners LLC grew its position in Sandisk by 0.4% in the second quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider’s stock worth $3,654,000 after acquiring an additional 7 shares during the period. Cornerstone Financial Management LLC grew its position in Sandisk by 60.0% in the second quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider’s stock worth $55,000 after acquiring an additional 9 shares during the period. Finally, LifeGoal Investments LLC increased its stake in Sandisk by 3.9% during the third quarter. LifeGoal Investments LLC now owns 242 shares of the data storage provider’s stock worth $421,000 after acquiring an additional 9 shares during the last quarter.
Sandisk Stock Performance NASDAQ:SNDK opened at $1,299.30 on Friday. The stock has a market capitalization of $187.79 billion, a P/E ratio of 17.82, a PEG ratio of 0.13 and a beta of 5.23. The company has a 50 day moving average price of $1,603.61 and a 200 day moving average price of $1,496.95. Sandisk Corporation has a fifty-two week low of $136.29 and a fifty-two week high of $2,354.39.
Sandisk (NASDAQ:SNDK – Get Free Report) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The company had revenue of $8.96 billion for the quarter. During the same period in the previous year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts forecast that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year. Sandisk announced that its Board of Directors has initiated a share buyback program on Wednesday, August 5th that allows the company to buy back $14.00 billion in shares. This buyback authorization allows the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.
Analyst Ratings Changes SNDK has been the topic of a number of research analyst reports. UBS Group restated an “overweight” rating and issued a $1,750.00 target price on shares of Sandisk in a research report on Friday, August 14th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,400.00 price target (up from $1,000.00) on shares of Sandisk in a research note on Thursday, August 6th. Rosenblatt Securities assumed coverage on Sandisk in a report on Tuesday, September 22nd. They set a “buy” rating and a $2,400.00 price target for the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $3,000.00 price target (up from $1,700.00) on shares of Sandisk in a report on Thursday, August 6th. Finally, Bank of America boosted their price objective on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,120.65.
Check Out Our Latest Stock Analysis on SNDK
Key Stories Impacting Sandisk Here are the key news stories impacting Sandisk this week:
Positive Sentiment: Sandisk’s long-term growth case remains supported by strong data-center demand. One analysis argues that the company’s revenue growth, earnings power and $15.5 billion buyback authorization could support further earnings-per-share accretion if cash generation remains robust. Sandisk: The Earnings Boom Is Only Half The Story Positive Sentiment: Sandisk reportedly has at least $93.9 billion of expected revenue secured through multiyear contracts, including financial protections if customers fail to meet commitments. This provides meaningful demand visibility despite near-term market volatility. SanDisk Stock Is Falling on AI Fears. Its $93.9 Billion Contract Book Tells Another Story Positive Sentiment: Bullish analysts say continued AI infrastructure spending and data-center demand could drive substantial additional upside, with one projection placing the shares at $4,128 over the next year. Sandisk Stock Could Be Worth $4,128 in the Next Year Neutral Sentiment: Sandisk was upgraded by Zacks Research from “hold” to “strong buy,” although the upgrade has not offset broader sector selling. Negative Sentiment: Memory-chip stocks, including Sandisk, Micron and SK Hynix, are continuing a multiday selloff. Investors are concerned about Chinese competitors’ server-memory plans, cyclical oversupply and the durability of recent margin expansion. Memory Stocks Extend Selloff on China Competition Fears Negative Sentiment: Cathie Wood warned that memory-chip cycles can be “vicious” and indicated that her ARK strategy is moving away from the group, raising concerns that Sandisk’s rapid gains and expanding margins may not be sustainable. Cathie Wood Says the Memory Chip Trend Is Up but the Cycles Are Vicious Negative Sentiment: Higher Treasury yields and the possibility of an October Federal Reserve rate hike are weighing on growth and AI-related equities, adding to pressure on Sandisk. Nasdaq 100 Slides As Micron, SanDisk, CoreWeave Sink Insider Transactions at Sandisk In other news, CFO Luis Visoso sold 1,000 shares of Sandisk stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the completion of the sale, the chief financial officer directly owned 130,976 shares of the company’s stock, valued at approximately $205,479,078.08. The trade was a 0.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of Sandisk stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the sale, the chief executive officer directly owned 382,865 shares of the company’s stock, valued at $602,709,911.65. The trade was a 8.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 77,899 shares of company stock valued at $121,159,122. Corporate insiders own 0.29% of the company’s stock.
Sandisk Company Profile (Free Report)
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
See Also Five stocks we like better than Sandisk Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027 ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid Does the AI Selloff Put Alphabet’s Breakout in Doubt? Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
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Sandisk očekává mezi fiskálními roky 2028 a 2030 roční růst tržeb ve středních až vyšších náctkách procent a zvýšení non-GAAP provozní marže z 63 % ve fiskálním roce 2026 na 75 %.
Buying growth stocks and holding them for a long time can help investors achieve market-beating returns, though there will be bouts of volatility along the way.
After all, growth stocks represent companies capable of growing at a faster pace than the industry in which they operate, so investors can decide to book profits when they become cautious. The same has been the case with Sandisk (SNDK -6.85%).
Shares of the memory specialist have surged by an incredible 827% over the past year. However, the semiconductor stock has pulled back 44% from the 52-week high it reached on June 22. The recent slide in Sandisk's shares can be attributed to concerns about the sustainability of the favorable demand-supply environment in the NAND flash market, as well as the viability of the huge outlay on artificial intelligence (AI) infrastructure.
Also, investors are fearing that potential competition from China could derail Sandisk's impressive growth. However, I feel that these fears are overblown, and the recent pullback in Sandisk stock gives investors a terrific opportunity to buy a top growth stock at an attractive valuation. Let's look at the reasons why.
Image source: Getty Images.
Sandisk's slide is a result of the market's overreactionSandisk stock took a big beating in July after Chinese memory company ChangXin Memory Technologies (CXMT) went public, causing panic in the memory sector as it aims to compete with giants like Micron Technology. Further, CXMT's claims that it is developing an advanced dynamic random-access memory (DRAM) chip have also weighed on the memory sector, including Sandisk.
SNDK Sandisk$1,299.30-$95.53 (-6.85%)
NASDAQ · As of 4:00 PM ET 10/16/26
Investors, however, should note that Sandisk doesn't compete with CXMT. Sandisk manufactures NAND flash storage products, a market that CXMT has yet to address. Also, even CXMT's existing DRAM technology is reportedly well behind the likes of Micron and SK Hynix. Given that CXMT was reportedly asking potential customers for prices at par with leading memory makers, such as Samsung and SK Hynix, it is hard to see it making a dent in the DRAM market until its promised technological gains materialize.
So, the fear created by the emergence of CXMT seems overblown. What's more, this isn't the first time that the emergence of a potential threat from China has created panic in the stock market. The launch of DeepSeek at the beginning of 2025 was reportedly set to signal the end of high AI infrastructure spending, but that hasn't been the case, as AI usage continues to increase.
As a result, investors will do well to look past the panic caused by news from China. Additionally, I have already stated that CXMT doesn't make NAND flash chips, so the sell-off in Sandisk seems overdone.
On the other hand, there isn't enough evidence supporting that the NAND flash industry's demand-supply advantage will vanish in 2027. The reason why I say this is that the AI boom has created terrific demand for NAND flash-based enterprise solid-state drives (SSDs) that Sandisk manufactures. The accompanying supply shortage has led to a massive price surge, with enterprise SSD contract prices reportedly up 3x year over year in the previous quarter.
Looking ahead, enterprise SSD demand is anticipated to grow at an annual rate of 35% through 2030 in a base-case scenario, according to McKinsey. Even better, market research firm IDC expects global SSD revenue to increase at an annual rate of more than 40% through 2030. This potential expansion in Sandisk's end market should pave the way for sustained growth in the company's revenue and earnings over the long run, especially considering that YMTC, China's state-backed NAND flash manufacturer, isn't expecting the supply crunch to ease until 2029.
Analysts, therefore, seem to be underestimating Sandisk's growth potential, as they believe its earnings per share will drop in fiscal 2029 (which will end in June/July 2029).
SNDK EPS Estimates for Current Fiscal Year data by YCharts
Sandisk could easily grow a $10,000 investment into a larger sumLet's say you have built a diversified portfolio and are sitting on $10,000 in investible cash, then buying Sandisk with that money could turn out to be a profitable move. The company noted in its August Investor Day presentation that it sees its total addressable market (TAM) growing to $500 billion next year.
Sandisk posted $20 billion in revenue in fiscal 2026, and it reportedly controls 11% of the NAND flash market, according to Counterpoint Research. Sandisk's revenue, therefore, could increase at a tremendous pace over the next year and a half. Moreover, the company expects to clock an annual revenue growth rate in the mid-to-high teens between fiscal 2028 and fiscal 2030.
Additionally, it sees its non-GAAP operating margin increasing to 75% by fiscal 2030, which points to a big bottom-line improvement considering that its non-GAAP operating margin was 63% in fiscal 2026. So, Sandisk seems to be in a solid position to outpace analysts' growth expectations.
The company's earnings are expected to triple in fiscal 2027 to $214.82 per share, according to Yahoo! Finance consensus estimates, followed by a 24% increase next year to $266.30 per share. Assuming its bottom line grows even 10% annually in fiscal years 2029 and 2030, Sandisk's earnings per share could jump to $322.22 after four years.
If this AI stock trades at even 10 times earnings at that time, a significant discount to the S&P 500 index's forward earnings multiple of 20, its stock price could hit $3,222. That's 148% higher than Sandisk's stock price right now, suggesting that it can turn a $10,000 investment into nearly $25,000 by 2030. With Sandisk trading at just 17 times earnings, it is a good time to buy this stock before it starts soaring once again.
