Market Signal Briefing

Journalist

Posted: October 2, 2025

Key Takeaways
Why is XRP’s yearly close in focus?
Whales accumulated 250 million XRP, aligning with Q1–Q3 gains and early Q4 strength, fueling hopes of a four-quarter streak.

What levels matter for traders?
Resistance holds near $3.00–$3.20. Keeping above the $2.90 fair value gap could help XRP secure 2025’s first all-green year.

Ripple [XRP] surged by 4% in the last 24 hours after major announcements that included Bank of Japan involvement and whale action.

Talks of a bullish quarter in the crypto sector continued to fill the air across multiple platforms. The buying activity added to speculation that XRP could finish 2025 with its first all-green yearly close.

Whales and quarterly strength
Looking at accumulation charts on Santiment, big players loaded about 250 million XRP tokens in the last two days at press time.

Since the breakout from a multi-year consolidation in late 2024, the altcoin has maintained a bullish trajectory. This aligned with CryptoRank data, which confirmed positive quarterly returns for 2025 so far.

The first quarter had the least gains, while Q3 led by 27% when writing. Interestingly, Q4 was showing signs of closing green, as the cumulative change in the first two days of the quarter showed strength.

Source: CryptoRank

In the meantime, an earlier AMBCrypto analysis projected an 8x surge as per ChatGPT were also showing this alignment.

XRP price action and ChatGPT’s analysis
On the charts, XRP price was forming a potential inverted head-and-shoulders pattern. The pattern was an indication of the shifting price action of the altcoin.

Additionally, ChatGPT’s analysis seconded this bullish outlook. ChatGPT predicted a move toward $5 in the next six months and $9 in about two years.

Source: ChatGPT

However, breaking above $3 resistance was key for further advances. A breakout above that zone could set up $3.25 as the next short-term target.

On the flipside, the fair value gap (FVG) just below $2.90 acted as the buy wall, which needs to stay intact. The extreme support levels were at $2.50 and below.

Source: TradingView

Having said that, what was really behind this reaction to the XRP price?

What are the real drivers of this surge?
The Bank of Japan (BoJ) launched the XRP lending program for institutions, which led to this brief price rally. XRP has been poised to lead modern payment rails in large capital transactions across the globe.

Despite BoJ officiating XRP payments, the community was hit as Ripple CTO David Schwartz stepped down from his position. However, Schwartz noted he will be joining Ripple’s Board of Directors. Shwartz wrote,

“I’ve spent more than 13 years at Ripple…Be warned, I’m not going away from the XRP community. You haven’t seen the last of me (now, or ever).”

Altogether, these developments strengthened XRP’s position as Q4 unfolds. Thus, XRP price could close green for all quarters of 2025.

17h05 ▪
4
min read ▪ by
Evans S.

Summarize this article with:

The XPL token from Plasma is going through a turbulent period. After the XPL drop and the rumors, CEO Paul Faecks publicly defends his project.

In brief

The XPL token from Plasma suffered a sharp drop in the markets.
Facing rumors, the CEO publicly denied any manipulation or imminent bankruptcy.
The crypto community remains skeptical despite official statements.

An atmosphere of doubt around Plasma
The launch of the XPL token had everything to attract: massive enthusiasm, an active community, and a clear ambition to redefine cryptocurrency use cases. Yet, in just a few days, the euphoria turned into concern. Rumors, circulating insistently on social networks, accused the Plasma team of being linked to the Blast (BLAST) and Blur (BLUR) projects, two initiatives marked by massive losses with nearly 90% drops for their respective tokens.

In this climate of FUD (Fear, Uncertainty and Doubt), XPL holders have been nervous. The token price dropped by more than 40% in just four days, a stark contrast to the initial optimism. Facing this situation, Paul Faecks, founder and CEO of Plasma, chose to react quickly to try to restore confidence.

For him, these attacks are unfounded and, above all, they risk overshadowing the true ambition of the project: building a solid crypto infrastructure designed to support the next wave of mass adoption.

Paul Faecks’ firm response
To put an end to the rumors, Paul Faecks gave several essential clarifications. First, he confirmed that no team member sold XPL tokens. Plasma locks developer and strategic investor allocations for three years, including a one-year cliff. In other words, no massive token liquidation can justify the current price pressure.

Next, the leader defended his team’s composition. Yes, three profiles come from Blast and Blur, but this number remains marginal compared to the fifty collaborators from giants like Google, Facebook, Square, Temasek, Goldman Sachs, and Nuvei. A way to remind that Plasma relies on diversified and solid expertise, far from the image of a “recycled team” some critics try to impose.

Paul clarified another sensitive point: no contact has been made with Wintermute, a well-known market maker in the ecosystem. A clarification aimed at dismissing the hypothesis of behind-the-scenes market manipulation operations.

His message is clear: “We are laser-focused on building the future of money and won’t be commenting further. We remain incredibly grateful for our community’s support. Now back to work.“

XPL under pressure, but potential intact
In the market, the reality remains harsh. At about $0.94 per unit after a 43% drop in four days, the XPL token has disappointed many speculators. Even more worrying, its 6.6% decline in 24 hours contrasts with the overall crypto market progress, fueling the idea of a specific distrust toward the project.

However, reducing Plasma to this short-term volatility would certainly be a mistake. With a capitalization of 1.69 billion dollars and a trading volume of nearly 2.89 billion in 24 hours, XPL remains a solid player watched by institutional investors. In the medium term, its positioning in the wave of stablecoin adoption and digital payment solutions could revive its attractiveness.

Ultimately, Plasma faces a real-world test, with an accumulation of 5.5 billion dollars in TVL: turning a crisis of confidence into proof of resilience. In a crypto ecosystem where every doubt spreads as fast as a tweet, the team’s ability to stay the course will be crucial. Indeed, if promises are kept, the current drop could be just a passing turbulence in a broader growth trajectory.

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Evans S.

Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.

DISCLAIMER

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

Key takeaways:

BNB, SOL, and DOGE show strong “Uptober” momentum, with upside targets at $1,480, $250, and $0.31, respectively.

Failure to hold key trendlines could result in a pullback for BNB to $835.

BNB (BNB), Solana (SOL), and Dogecoin (DOGE) opened October in the green, echoing broader crypto market gains as “Uptober” euphoria builds.

Can these large-cap altcoins rally further in the month?

BNB/USD, DOGE/USD, SOL/USDT year-to-date comparison chart. Source: TradingViewBNB can rise over 38% in best-case scenarioBNB has jumped by nearly 6% month-to-date, reaching around $1,065 on Thursday.

Its gains are part of a broader recovery that started after testing the 20-day exponential moving average (20-day EMA; the green wave) near $1,000 as support. Previous rebounds from the same support have resulted in decent gains, as shown below.

BNB/USD daily price chart. Source: TradingViewBNB’s uptrend has been inside a broader ascending channel pattern. Its continuation could see the token rallying toward $1,130, up 6.75% from current levels, in October, aligning with the 1.618 Fibonacci retracement level.

That is also the upside target shared by trader MisterSpread, derived from BNB’s prevailing inverse-head-and-shoulders (IH&S) pattern.

BNB/USD four-hour price chart. Source: TradingViewBNB’s rebound over the past two weeks has also caused its price to flip a key weekly resistance level into support, at around $992, which aligns with its 1.618 Fib retracement line.

BNB/USDT weekly price chart. Source: TradingViewSustained upside momentum above $992 will likely result in BNB price testing the 2.618 Fib line at around $1,480 in October or by November. That is up 38.50% from current prices.

Conversely, a drop below $992 risks sending prices toward the 20-week EMA (the green wave) near $835, down 20.75% from current levels.

SOL price can rise to $250 nextSolana is already up 9% in October, reaching around $227.50 on Thursday, and its prevailing setup increases its odds of reaching $250 in the coming days.

SOL price has been trending upward inside a rising wedge pattern since February 2025. It is eyeing a retest of the pattern’s upper trendline near $250, a level aligning with the 0.786 Fib line, after rebounding from the lower trendline.

SOL/USD daily price chart. Source: TradingViewTraditional analysts consider rising wedges as bearish reversal patterns, resolving when the price breaks below the lower trendline and falls by as much as the wedge’s maximum height.

That leaves SOL facing a potential 28–30% downside risk in the coming weeks, depending on where the breakdown occurs.

Conversely, a decisive move above the wedge’s trendline would likely nullify this bearish scenario, setting SOL on the course toward the $295-300 zone, aligning with the 1.00 Fib level.

DOGE shows 20% upside potential in OctoberDogecoin has jumped by over 11% so far in October, and is showing a setup that could deliver roughly 20% upside in the coming days.

DOGE price is currently rebounding from near the lower trendline of an ascending channel pattern, targeting the upper boundary near $0.30–0.31. That level also aligns with the 0.5 Fibonacci retracement zone and has acted as resistance in recent cycles.

DOGE/USDT daily price chart. Source: TradingViewConversely, a pullback below the 20-day EMA at around $0.25 may delay the bullish outlook. DOGE could then pull back toward the channel’s lower trendline, near $0.22, aligning with the 0.236 Fib line.

As Cointelegraph reported, Dogecoin price can reach as high as $1 in the coming months, according to analysts.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Crypto markets have stabilized near cycle highs as institutional inflows, clearer rules, and tokenisation have advanced. WisdomTree has mapped the drivers—macro conditions, onchain utility, and DeFi's rebound—that have positioned digital assets for a more mature, integrated role in finance.

XRP's Price is hovering at $2.98 on Oct. 2, 2025—up 0.8% today—while traders test the rails between stubborn support and a tantalizing breakout band. XRP Charts Show Key Resistance as Market Cap Hits $178B XRP's market cap sits at $178.2 billion, and the coin's posture is confident, not cocky.

The benchmark U.S. index S&P 500 rose on Thursday to record a fresh high, while Bitcoin jumped to above $119,000 as investors looked past the top headlines of a U.S. government shutdown.

Key takeaways:

Another Bitcoin price pullback to $117,000 is possible before the uptrend resumes.

A classic chart pattern puts BTC price on course for $145,000 in the next few months.

Bitcoin (BTC) reached a six-week high of $119,500 on Thursday, following a 10% rise from its local low of $108,650 seven days prior. BTC has now reclaimed a key support level as prices continued to consolidate below its $124,500 all-time high.

Can Bitcoin see new all-time highs in the next few days?

Bitcoin “bull flag” breakout hints at $145,000After rallying to its current all-time high of $124,500 on Aug. 14, BTC price pulled back to areas below $110,000, forming a bull flag on the daily chart.

A bull flag is a bullish continuation pattern that occurs after a significant rise, followed by a consolidation period at the higher price end of the range. 

The latest data from Cointelegraph Markets Pro and TradingView shows that BTC has broken out of the bull flag, positioning it for significant gains ahead.

Bitcoin’s “bullish flag upside breakout is confirmed,” said analyst Captain Faibik in his latest analysis on X, pointing out that the mid-term target is at around $140,000.

BTC/USD daily chart. Source: Captain Faibik Bitcoin is “closing strong with a clean breakout of this bull flag,” echoed pseudonymous analyst Gladiator in a Thursday X post, adding:

“This could get explosive and move fast.”A confirmed breakout from the pennant could open the door for the next leg up, toward $145,400, representing a 22% increase from its current price level.

XRP/USD daily chart. Source: Cointelegraph/TradingView
Bitcoin's MVRV extreme deviation pricing bands suggest that after BTC price broke past $117,000, it could expand further before the unrealized profit held by investors reaches an extreme level, or the uppermost MVRV band at $139,300, as shown in the chart below.

Bitcoin extreme deviation pricing bands. Source: GlassnodeBitcoin could drop to test support firstWith the bulk of Bitcoin’s apparent sell-side liquidity absorbed during the move to $119,500, some analysts warn that a brief flush down to test $117,000 as support could be the next move for BTC price. 

Bitcoin “has taken almost all the liquidity above the recent highs, so I would expect some stalling here,” said MN Capital founder and trader Michael van de Poppe in an X post on Thursday.

An accompanying chart suggested that Bitcoin could drop to retest the support at $117,000 before resuming its recovery.

BTC/USD daily chart. Source: Van de PoppeThe BTC liquidity map shows bid clusters stacked between $116,000 and $117,800.

Bitcoin liquidation heatmap. Source: CoinGlass
Fellow analyst Ted Pillows said that Bitcoin must hold the $117,000 support level to continue the uptrend, or risk a drop toward $113,500.

He added:

“The only thing between BTC and a new ATH is the $120,000 resistance level.”As Cointelegraph reported, a decisive break above $120,000 could lead to a breakout toward new all-time highs above $150,000, due to seasonality and institutional demand.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Coinbase is piloting $12,000 USDC transfers in New York, testing whether stablecoins can deliver aid to low-income households more efficiently.

Summary

Coinbase and GiveDirectly launched Future First in New York, where 160 low-income residents are set to get $12,000 in USDC over five months.
Payments are structured as an $8,000 initial transfer followed by five $800 monthly installments, sent to Coinbase accounts with no restrictions on spending.
The pilot examines whether stablecoins can cut costs, reduce delays, and simplify aid delivery compared with traditional rails such as bank transfers and prepaid cards.
Earlier U.S. cash pilots improved stability and work outcomes but faced high distribution costs. The New York study asks if USDC can address those gaps.

Table of Contents

Coinbase returns to direct aid with GiveDirectlyUSDC ensures dollar stability without spending limitsStablecoin pilots show measurable gainsU.S. pilots confirm consistent household-level benefits
Coinbase returns to direct aid with GiveDirectly
In early October 2025, Coinbase and the nonprofit GiveDirectly launched a pilot program in New York City called Future First, according to Bloomberg. 

The initiative aims to provide 160 low-income young adults with $12,000 each, distributed over five months in the form of USD Coin (USDC) stablecoins.

Recipients will be chosen through an application process followed by a lottery. Once selected, participants will receive their funds directly into Coinbase accounts.

The benefits of providing unconditional cash have already been well documented through decades of research in the U.S. and abroad, consistently showing improvements in financial stability, health, and access to opportunities.

Future First does not revisit those outcomes. Instead, it is designed as a research study to test whether distributing aid through regulated stablecoins can deliver support faster, at lower cost, and with more flexibility than traditional methods such as bank transfers, prepaid cards, or checks.

This is not Coinbase’s first effort to link crypto with direct aid. In 2018, the exchange launched GiveCrypto, a nonprofit aimed at sending unconditional crypto transfers to people in need around the world.

While GiveCrypto reached many households quickly, it struggled to generate lasting improvements once payments stopped. 

In 2023, Coinbase wound down the project, citing challenges in sustaining long-term impact. Roughly $2.6 million that remained in its treasury was donated to partner organizations, including GiveDirectly.

Two years later, lessons from that experience are being applied to Future First, which is built on a more structured framework, clearer research metrics, and a focus on stablecoins rather than mainstream crypto assets.

USDC ensures dollar stability without spending limits
Under Future First, the $12,000 allocation is not released all at once. Each participant receives an initial transfer of about $8,000, followed by five monthly installments of roughly $800. The structure is meant to balance an immediate financial boost with steady support over the course of the trial.

The funds arrive in USDC directly within Coinbase accounts, where participants can choose how to access or spend them. Options include withdrawing to a linked bank account, moving funds to other wallets, or using debit card integrations and crypto payment rails where available. 

Since USDC maintains a one-to-one peg with the U.S. dollar, recipients avoid the price swings associated with most crypto assets, making the grants more predictable for daily use.

The program also places no restrictions on spending choices. Participants are free to decide whether to use the money on housing, education, food, or any other expenses. 

What the pilot seeks to measure is whether delivering funds in this way reduces delays, lowers transaction costs, and expands choice compared with more conventional channels. 

At this stage, however, details about which metrics will be tracked, how data will be collected, or how privacy will be protected have not been made public.

Several operational points also remain open. It has not been specified how account recovery will be managed if a participant loses access credentials, whether withdrawal or conversion fees will be waived, or how customer support and fraud protection will operate. 

Questions around handling failed transactions and ensuring regulatory compliance, such as meeting banking thresholds or anti-money laundering rules, also remain to be clarified as the program unfolds.

Stablecoin pilots show measurable gains
Stablecoin payments promise near-instant settlement, lower fees, and complete traceability of funds from sender to recipient.

In contrast, traditional disbursement systems often pass through banks, processors, and service providers, with each step adding cost and delay. Cutting those layers could ease the drag that has long defined aid distribution.

Experiments in humanitarian aid have already tested stablecoin transfers in practice. Mercy Corps’ Project Lydian pilot, which distributed funds in conflict-affected regions using USDC, reported a median transfer time of about four days, compared with roughly 10.5 days through traditional financial providers. 

The program also recorded operational savings of around 10.9%, largely from reduced fees and fewer intermediaries. 

According to Mercy Corps, these efficiencies meant the same budget could reach about 12% more households, pointing to the potential for blockchain rails to reduce delays and administrative overhead, while noting that the findings come from a limited pilot in a specific context.

Regulation has begun to catch up, making trials like New York’s pilot more practical. In July 2025, the Genius Act introduced one of the first U.S. federal frameworks for payment stablecoins.

Under the act, issuers must fully back tokens with reserves and publish regular disclosures about those holdings. It also makes clear that compliant payment stablecoins are not securities or commodities.

Such rules reduce legal uncertainty for institutions like Coinbase and give them greater scope to explore public-facing use cases.

Even so, risks and trade-offs remain. Because stablecoins are tied to assets in traditional markets, stresses in those markets can ripple into the token ecosystem.

Transparency brings its own paradox. Frequent reserve reporting, while intended to build trust, can also magnify reactions during tense periods, exposing stablecoins to sharper scrutiny than less open alternatives.

Practical obstacles remain for recipients as well. Converting USDC into cash, meeting compliance requirements, and managing crypto wallets all create friction that is likely to persist as a challenge.

U.S. pilots confirm consistent household-level benefits
Cash transfer pilots in the U.S. have already illustrated how unconditional income shapes households, and the outcomes have been remarkably consistent.

The Stockton Economic Empowerment Demonstration, which ran from 2019 to 2021, gave 125 residents $500 per month for two years. 

Independent evaluation showed that most of the money went to essentials. About 37% was spent on food, 22% on merchandise, and 11% on utilities, while less than 1% went toward alcohol or tobacco. 

Employment patterns shifted as well. Full-time work among recipients rose from 28% to 40%, while households outside the program saw only a slight improvement.

Researchers concluded that steady cash reduced income volatility, supported mental health, and provided a platform for recipients to move into more secure jobs.

The Chicago Resilient Communities Pilot (2022–2023) scaled this model to 5,000 households, making it the largest city-run guaranteed income program in the country. 

Interim findings again showed spending concentrated on food, housing, and debt repayment, with luxury purchases remaining rare. Surveys revealed lower stress levels, fewer missed bills, and greater ability to manage emergencies. 

Logistical issues drew more attention. Delays in onboarding participants and the expense of distributing prepaid debit cards highlighted the inefficiencies of existing financial rails.

New York City has also tested versions of the model. Opportunity NYC, conducted from 2007 to 2010, tied cash transfers to conditions such as school attendance and preventive health visits. 

Modest improvements were observed in certain areas, yet the complexity of conditionality reduced both effectiveness and public acceptance. Analysts concluded that the challenge was not whether cash transfers could succeed in New York, but how they were delivered and under what terms.

Placed against this backdrop, the question is not whether aid matters, but whether crypto-based systems can match or outperform existing methods in speed, cost efficiency, and reliability. 

If they succeed, stablecoins may emerge as a viable complement to conventional infrastructure. If they fall short, the conclusion may be that the value lies in the income support itself, regardless of the technology used to deliver it.

As institutions poured capital into Ethereum, OKX President Hong Fang reframed the debate. It's not a zero-sum game, but a divergence of core functions: Bitcoin anchors value while Ethereum builds the new financial system's programmable plumbing.

Technical analysis shows strong buying momentum driven by institutional interest. Oct 2, 2025, 1:50 p.m.

SUI, the native token of the Sui blockchain, rose 5% on Wednesday after the project announced it would introduce its first native stablecoins, USDi and suiUSDe.

STORY CONTINUES BELOW

The announcement comes at a time when investors are showing renewed interest in SUI, which is now outperforming the broader crypto market. The CoinDesk 20 Index — a gauge of top digital assets — is up 2.5% over the same 24-hour period.

SUI climbed from $3.42 to $3.58 in the session, with technical signals showing clear bullish momentum. The token broke through key resistance at $3.56 and established new support at $3.55, backed by rising trading volume.

Driving the rally are signs of growing institutional adoption. Coinbase Derivatives plans to list SUI futures contracts on October 20, opening the door for more professional traders to take positions in the token.

Retail demand is also growing. In South Korea, t’order — a payments platform focused on the restaurant industry — recently integrated SUI to enable transactions using a Korean-won stablecoin. That move appears to have sparked a surge in volume, with activity spiking past daily averages during the early Asian trading hours.

From a technical standpoint, SUI has traded within a $0.19 range between $3.39 and $3.58. An early morning volume spike of 10.87 million tokens exceeded the 10.44 million daily average, suggesting heavy accumulation. The chart shows a series of higher lows — a classic signal of an uptrend.

If buying pressure continues, SUI could soon test the psychological $3.60 mark. For now, it's one of the best-performing tokens in the market, drawing strength from both product development and deepening institutional ties.

More For You

Total Crypto Trading Volume Hits Yearly High of $9.72T

Sep 9, 2025

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

What to know:

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

More For You

Bitcoin Could Reach $165K Based on Gold's Record Run: JPMorgan

1 hour ago

What to know:

On a volatility-adjusted basis relative to gold, JPMorgan estimates bitcoin could rise about 40% to $165,000 from the current $119,000.The bank says retail investors are driving the “debasement trade."Institutional investors are also participating through CME futures, the report said, but that activity has slowed compared to retail ETF demand.Read full story

MEXC Ventures has strengthened its role in the Ethena ecosystem, bringing its total investment to $66 million. The latest round adds $14 million in ENA purchases, following earlier commitments of $16 million in ENA and $20 million in USDe, Ethena's synthetic stablecoin.

MYX soars 1360% in a month with spot listing buzz, eyeing $19 if momentum holds but risking $12.18 on profit-taking. ASTER wallet transfers to Binance hint at a listing, with upside to $2.03 or downside to $1.71 if demand fades. Mantle gains traction with $6.9 billion market cap and major listings, trading at $1.98 with targets at $2.10 or $1.70.October could bring a new wave of altcoins capturing investor attention, with a potential Binance listing serving as a key catalyst. 

Some tokens, such as MYX, ASTER, and LINEA, appear well-positioned to gain listing on the exchange this month.

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MYX Finance (MYX)MYX has recently seen a notable uptick in trading activity and market chatter. Over the past month, the token’s price has surged by over 1360% to $14.31. The altcoin, which already trades on Binance Futures, has a good chance of listing on Binance’s spot market this month.

MYX is up 57% in the past week and currently faces resistance at $15.84. If trading activity continues and the altcoin flips that barrier into a support floor, it could propel MYX’s price to reclaim its all-time high of $19.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

MYX Price Analysis. Source: TradingViewIf profit-taking resumes, the altcoin could lose recent gains and attempt to fall under $12.18.

ASTERASTER may see a potential listing on Binance this week, as new on-chain data shows tokens being sent to Binance spot wallets. 

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According to BscScan, one wallet address first sent 20 ASTER as a test transfer, immediately followed by a much larger transaction worth $4.8 million.

ASTER Deposits on Binance. Source: BscscanIf this activity drives buying momentum, ASTER’s price could climb toward $2.03. 

ASTER Price Analysis. Source: TradingViewOn the other hand, if demand fails to materialize, the token could fall to $1.71.

Mantle (MNT)MNT’s listings on top exchanges like Coinbase and Bybit have improved credibility, strengthening the altcoin’s chances of a Binance listing soon. Also, the increased trading activity has pushed MNT’s market capitalization beyond $6.9 billion, further boosting market confidence.

At press time, MNT trades around its new price peak of $1.98, which could extend higher if demand continues to grow.

MNT Price Analysis. Source: TradingViewOn the other hand, if profit-taking emerges, the token’s price could pull back to $1.70.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

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There is rarely a day that goes by without an analysis of the Shiba Inu (SHIB) price chart, Ethereum's biggest meme coin. Right now, Shiba Inu is quoted at $0.00001260 after holding September lows at $0.00001170. 

But this can all change quickly as the Bollinger Bands projection on the meme coin chart hints at an 11% upside move from this level, targeting $0.00001410 within the next few days.

October has always been a strong month for SHIB in the past. In 2021 the meme coin gained +833% in October, in 2023 it closed +6.04% and in 2024 it added +2.46%. The historical median stands at +6.63%. This record gives weight to the current setup, where the technical projection aligns with Shiba Inu coin's seasonal history.

HOT Stories

SHIB/USD by TradingViewThe price levels are clear too. The nearest support sits at $0.00001200, making sure that September's range between $0.00001170 and $0.00001220 is intact. 

Resistance, on the other hand, is between $0.00001300 and $0.0000141. Clearing that brings SHIB to levels not seen since July. The next resistance zone above is $0.00001500-$0.00001800, equal to a 20%-40% increase from current trading levels.

SHIB’s best month of 2025The immediate scenario is simple: holding $0.00001200 keeps the projection in play and keeps the 11% move on the table. Failing to hold that line cancels the setup and brings the token back to its multi-month base.

Shiba Inu has started October with price action that points directly at $0.00001410. If reached, the move will play out in accordance with price history, with a potential 11%-40% move. In short, it could turn into SHIB’s best monthly performance of 2025.

BNB's price action was also influenced by a reduction in gas fees and Kazakhstan's state-backed Alem Crypto Fund naming BNB as its first investment asset. Oct 2, 2025, 2:06 p.m.

BNB rallied more than 3.5% in the last 24 hours, tracking broader gains across the crypto market as expectations of a Federal Reserve rate cut firmed.

The token rose from a session low of $1,017.44 to more than $1,050, marking a breakout above key resistance levels in the session. The rise comes on the back of an unexpected drop in U.S. private payrolls that adds to a growing list of signals that the Fed may begin easing monetary policy sooner than expected.

STORY CONTINUES BELOW

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With official jobs data paused due to the ongoing U.S. government shutdown, traders have leaned heavily on the weak ADP report, which showed a 32,000 job loss in September against expectations for a gain. Derivatives markets now price in near certainty of a 25 basis point cut later this month.

BNB’s price action mirrored that sentiment shift. After dipping mid-session, the token bounced off the $1,020 support level and climbed steadily into the close, driven by volume that exceeded the 24-hour average, according to CoinDesk Research's technical analysis data model.

Traders pushed BNB through the $1,035 resistance in the rally, which saw the broader crypto market move up 2.25%, as measured by the CoinDesk 20 (CD20) index.

BNB’s outperformance of the wider market reflects token-specific catalysts. Earlier this week, BNB Chain reduced its minimum gas fee to 0.05 Gwei, making the network one of the cheapest among major blockchains.

Meanwhile, Kazakhstan’s state-backed Alem Crypto Fund named BNB as its first investment asset. The fund’s goal is to build long-term reserves of digital assets and signals rising adoption at the sovereign level.

BNB also weathered a brief security incident during the session when the BNB Chain’s X account was compromised. Hackers made off with about $13,000 before the issue was resolved and the community rallied behind it.

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

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

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

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Technical analysis shows strong buying momentum driven by institutional interest.

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SUI rose 5% after the Sui blockchain said it will launch its first native stablecoins, USDi and suiUSDe.The token is outperforming the broader crypto market, which is up 2.5% over the past 24 hours according to the CoinDesk 20 Index.Technical analysis shows strong buying momentum driven by institutional interest and an integration with a South Korean payment platform.Read full story

Zcash (ZEC) is making waves in the crypto market with its strong 60% rally.

ZEC experienced a 60% bullish rally over the last 24 hours, accompanied by a 313% increase in daily trading volume, indicating strong buying interest.

The strong rally of Zcash (ZEC) is creating a splash in the crypto market. The privacy-oriented cryptocurrency has gone on a tear of unprecedented volatility, showing the type of momentum that draws traders’ attention to the digital asset market. According to CMC data, ZEC has bullishly rallied 60% in the past 24 hours with a daily trading volume of 313% indicating that market players are keen to take advantage of this breakout action.

Zcash has a technical outlook that is overwhelmingly positive in several periods. Price action indicates that ZEC has moved out of the $56 range to an astonishing $145, which is a parabolic move that has kept bears at bay. 

This volatility has taken the cryptocurrency well beyond major exponential moving average levels, with the 50-day EMA of $53.19 and the 200-day EMA of $45.42 now providing significant support levels. The large difference between the present price and these moving averages points to a very high bullish momentum, but it also implies that the asset is overextended in the short term.

What Next For Zcash Price?
The MACD indicator supports the bullish story as there is a strong positive crossover on the lower panel. The MACD line has soared high above the signal line and the zero line, at 8.30 compared to the signal line of 7.15. This strong deviation indicates an upward accelerating trend and indicates that the market remains under the influence of buying pressure. The bars on the histograms have grown significantly, and the image they create is one of prolonged bullish belief among traders.

In the meantime, the ZEC RSI indicator is at a high level of 67.85 and is almost in the overbought region, but it is not yet an indication of exhaustion. The sentiment indicator has soared to 4.76, which shows the excessive positive attitude towards this breakout. Although these readings have indicated that new entrants should be cautious at the existing levels, it also show that the rally has good conviction behind it and not a technical bounce.

As price has decisively crossed past resistance levels, and all key technical indicators have been put in place in a bullish manner, the next psychological target of $200 seems to be all the more attainable. Nevertheless, traders must be aware of possible pullbacks because of the parabolic trend of this move, and the 50-day and 200-day EMAs are reasonable support levels in case of any pullback.

Highlighted Crypto News Today: 

Pump.fun Eyes Previous High as Bulls Regain Control With 20% Daily Surge

Shubham Sahu is a crypto journalist and writer with extensive experience covering blockchain technology, digital currencies, and AI. With over seven years in financial markets, Shubham began his journey in traditional trading before uncovering his passion for the crypto verse. After making his first crypto investment in 2021, Shubham combines practical market experience with deep technical knowledge to provide insightful analysis and commentary.

Stellar (XLM), a key rival to XRP in cross-border payments, is approaching pivotal price levels that could shape its near-term trajectory.

Market analyst Ali Martinez warns Stellar ($XLM) faces a crucial test at $0.4; holding this support could trigger a rebound toward $1, creating high-stakes opportunities for traders and investors.

Notably, Stellar has experienced recent volatility amid broader market swings in the cryptocurrency sector. The $0.34 level now stands as a critical ‘make-or-break’ support, with traders closely watching to see if Stellar can stabilize and rebound, or risk further losses.

Therefore, Stellar is at a critical point because technical indicators show a tightening squeeze, with falling highs pressing down on support at $0.4. Holding this level could ignite renewed buying, propelling XLM toward $1, while a breakdown below risks further losses and short-term sell-offs.

Currently, XRP is walking a tightrope, with its price standing at $2.98, according to data from CoinGecko.

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On the other hand, Stellar sits at a strong support zone, where the golden pocket Fibonacci level meets the value area low, a confluence that often signals buyers are stepping in.

This is because Stellar holding the golden pocket Fibonacci zone, 61.8–65% retracement, aligns with key market psychology, where buying pressure often intensifies.

Coupled with the value area low, where trading historically concentrates, this confluence creates a strong support, signaling a high-probability rebound.

Meanwhile, Stellar’s $1 target continues to gain steam after payment giant PayPal recently launched its US dollar-backed stablecoin, PYUSD, on its network.

Cover image via U.Today

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

Bitcoin (BTC) has gained over $3,000 in the last 24 hours as the flagship cryptocurrency experienced an upward rally. Amid this bullish movement, the asset has received an institutional endorsement that could trigger a further price uptick. According to a report, JPMorgan, the biggest bank in the U.S., has stated that the coin is undervalued, predicting a rise to $165,000.

JPMorgan says Bitcoin is undervalued compared to goldThe assessment of Bitcoin’s value by JPMorgan’s analysts comes as they benchmarked BTC against gold. The valuation could have been based on price-to-market size, investment inflows or volatility. The global financial giant insists that the current price of Bitcoin is too low relative to gold’s market value.

JUST IN: JPMorgan says Bitcoin is "undervalued" compared to gold

— Kalshi (@Kalshi) October 2, 2025 That is, if Bitcoin were valued like gold on the broader financial market, it would be higher than that of the precious metal. JPMorgan sees upside potential for BTC, and this kind of statement is capable of triggering bullish sentiment on the crypto market.

As per JPMorgan’s estimation, Bitcoin price could reach $165,000 per coin on a volatility-adjusted basis, relative to gold. It relies on the analysis of ongoing "debasement trade," which is pushing investors toward assets like gold and Bitcoin as a store of value.

The $165,000 forecast assumes that Bitcoin will continue with its current upward momentum and inflows into BTC exchange-traded funds (ETFs). Regardless of the conditions, the prediction has sparked an uptick in the price of the asset.

As of press time, Bitcoin exchanged hands at $119,288.53, which marked a 2.36% increase in the last 24 hours. It previously hit a peak of $119,453.67, signaling potential for more upside. The trading volume has also climbed by 6.68% to $67.76 billion.

It is likely that if Bitcoin bulls support the current momentum, the asset will flip $120,000 and begin its journey toward its all-time high (ATH). It is worth mentioning that the current ATH of $124,457, which was set on Aug. 13, is less than 5% away.

Beyond JPMorgan, Bitcoin validation is viralInterestingly, JPMorgan is not the only one bullish about Bitcoin’s price. In a recent analysis, CryptoQuant suggested that the asset could break out to $150,000. 

The analytics platform based its projection on the increased minting of fresh stablecoins in the last 60 days. According to available data, 10 billion USDT have been added to the market, signaling increased liquidity.  

Similarly, Pavel Durov, Telegram CEO, has predicted that Bitcoin could hit seven figures based on scarcity. He maintained that the rate at which governments are printing fiat currency means inflation is inevitable, and this will increase the value of BTC to $1,000,000.

Canaan said it secured the order from an unnamed U.S.-based bitcoin miner for its latest-generation Avalon A15 Pro mining machines.

Tesla’s sales growth has vanished over the last year-and-a-half, but the company just registered its best quarter of deliveries ever, in large part because buyers rushed to take advantage of the $7,500 federal EV tax credit before it went away.

Tesla delivered 497,099 vehicles over the last three months, the company announced Thursday. That’s a massive 29% jump from the second quarter, about a 7% increase over the same period last year, and more than it has ever delivered in a single quarter.

Other automakers in the U.S. have seen similar jumps ahead of the credit expiring. The temptation to take advantage of the expiring credit was so strong that Cox Automotive has forecasted EVs will represent 10% of all vehicle sales in the U.S. for the quarter, which would be a record.

The boost in sales came at a critical time for Tesla. Before the third quarter bump, Tesla was on track to see its global deliveries fall for the second straight year. That decline has eaten into the company’s industry-leading profit margin.

This is thanks to a combination of factors. The company hasn’t released a truly new model in years aside from the Cybertruck, which has been such a bust that it’s been outsold by the GMC Hummer EV. Tesla CEO Elon Musk also tarnished his company’s image by spending hundreds of millions of dollars to help elect Donald Trump, and then promptly joined the new administration and led major, often haphazard cuts to federal agencies and programs with his Department of Government Efficiency.

It’s still possible for Tesla to deliver more cars this year than last. But it will take a monster fourth quarter the likes of which Tesla has yet to achieve. And even if that happens, it’s a far cry from the 50% annual growth figure that the company once promoted.

Perhaps that’s unsurprising given that Musk seems to be tired of selling cars. The company is trying to focus the public’s attention on technologies like autonomy and humanoid robotics, to the point that it recently proposed a $1 trillion pay package for Musk, largely tied to the success of those programs.

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What happens to Tesla’s sales moving forward is a mystery. The expiration of the tax credit, plus the Trump administration’s hatred of anything clean energy, has dimmed the near-term prospects for EVs in the U.S. That has contributed to many major legacy automakers delaying or canceling plans for new electric vehicles — which could help Tesla claw back market share.

Tesla is also developing a lower-cost version of its Model Y SUV that we’re likely to learn more about by the end of this year. While it’s not an entirely new nameplate, the EV is expected to cost in the low-$30,000 range. The question will then be whether that price becomes attractive enough to win buyers for a super stripped-down version of a Tesla.

Meanwhile, other major automakers saw EV sales double in the face of the expiring tax credit. Some, like Ford and General Motors, have said they will make up for the incentive on certain leases going forward, as they try to keep their electric vehicles competitive in a market without federal subsidies.

Sean O’Kane is a reporter who has spent a decade covering the rapidly-evolving business and technology of the transportation industry, including Tesla and the many startups chasing Elon Musk. Most recently, he was a reporter at Bloomberg News where he helped break stories about some of the most notorious EV SPAC flops. He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.

You can contact or verify outreach from Sean by emailing [email protected] or via encrypted message at okane.01 on Signal.

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, /PRNewswire/ -- Amber International Holding Limited (Nasdaq: AMBR), operating under the brand name "Amber Premium," is Asia's leading digital wealth management platform. Renowned for delivering cutting-edge technology and exclusive access to digital asset opportunities for institutions and high-net-worth clients, the company has announced its inclusion in the S&P Global Broad Market Index (BMI), effective Monday, September 22, 2025.

Inclusion in the S&P Global BMI is a notable progress for Amber Premium, reflecting the company's growing prominence on the global stage. The S&P Global BMI stands as one of the global indexes that combine a transparent, modular structure with full float adjustment dating back to 1989. The BMI's creators built this comprehensive, rules-based index series around a clear and consistent methodology applied uniformly across all countries. Spanning more than 14,000 companies from developed and emerging markets, the BMI serves as the essential foundation that institutional investors, ETFs, and strategy indices rely on to guide their investment decisions.

For this reason, inclusion in the S&P Global BMI may enhance visibility among institutional investors, potentially improve liquidity, and contribute to greater market recognition. This often occurs as index-tracking funds and institutional portfolios may gain exposure to the companies listed in the index through passive investment strategies.

"Joining the S&P Global BMI is an important step for Amber Premium, boosting our visibility among institutional investors and highlighting our commitment to the digital asset management sector," said Vicky Wang, President of Amber Premium." We appreciate how this inclusion underscores our commitment to quality and reinforces our role as a trustworthy gateway for institutions and high-net-worth individuals in the digital asset ecosystem."

Amber Premium's addition to the S&P Global BMI follows strong operational momentum, including record quarterly revenue of US$21 million in Q2 2025, client assets on platform of US$1.54 billion as of June 30, 2025, successful completion of a US$25.5 million private placement backed by distinguished investors including CMAG Funds, Mile Green, Harvest Capital, and Pantera Capital, and the strategic launch of institutional-grade digital asset treasury management services as the Company enters the digital assets treasury sector.

About Amber International Holding Limited

Amber International Holding Limited (Nasdaq: AMBR), operating under the brand name "Amber Premium," is Asia's leading institutional-grade digital wealth management platform. Amber Premium offers a full range of solutions including OTC trading, digital asset management, crypto payment solutions, and investment advisory services. With unparalleled crypto-native expertise, a focus on innovation, enterprise-grade security, and 24/7 dedicated client care, Amber Premium provides trusted professional services to elite investors.

Driven by innovation, security, and compliance, Amber Premium stands as the ultimate gateway to crypto finance, offering seamless access to the digital asset industry through its comprehensive, one-stop solutions tailored to meet the needs of premium investors from all walks of life.

For more information, please visit www.ambr.io.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: (i) the risk that the Company may not obtain the regulatory approval in relation to DWM Asset Restructuring in a timely manner or at all and may need to continue relying on the intercompany service agreements to receive the economic benefits of the WFTL Assigned Contracts; (ii) risks related to the performance of the amendment, waiver and framework agreement, including the expected timing and likelihood of receipt of the regulatory approvals contemplated therein; (iii) the risk that the Company's business lines are nascent, not fully proven by market and subject to material legal, regulatory, operational, reputational, tax and other risks in the jurisdictions where it operates; (iv) the risk of declining prices of digital assets and reduced transaction volumes conducted by the Company; (v) regulatory and market risks related to cryptocurrencies and digital assets and in the jurisdictions where the Company operates; (vi) risks related to fluctuations in the market price of bitcoin and any associated unrealized gains or losses on the digital assets that the Company may record in its financial statements as a result of a change in the market price of bitcoin from the value at which the Company's bitcoins are carried on its balance sheet, as well as commercial, legal, regulatory, accounting and technical uncertainties associated with the Company's crypto holdings; (vii) a decrease in liquidity in the markets in which the cryptocurrenciesand digital assets are traded; (viii) the impact of the availability of spot exchange traded products and other investment vehicles for digital assets, and (ix) reliance on strategic partners or potential strategic partners. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other filings with the SEC. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. This announcement is for informational purposes only and does not constitute investment advice, an offer to sell, or a solicitation of an offer to buy any securities or investment products, nor a recommendation of any security, strategy, or index. Before making any investment decision, readers should conduct your own research and consult independent financial, legal, tax, and accounting advisers.

Media & Investor Contacts

In Asia:
Amber International Holding Limited
Media Relations Team
Phone: +65 6022 0228
E-mail: [email protected] | [email protected] | [email protected] 

In the United States:
International Elite Capital Inc.
Annabelle Zhang
Tel: +1 (646) 866-7928
E-mail: [email protected] 

SOURCE Amber International Holding Limited

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Collective Mining Ltd.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Collective Mining Ltd. (NYSE: CNL, TSX: CNL) (“Collective” or the “Company”) is pleased to announce that due to strong demand, it has increased the size of the previously announced bought deal of common shares to 6,600,000 common shares (the “Common Shares”) at a price of C$19.00 per Common Share (the “Issue Price”) for gross proceeds of approximately C$125 million (the “Offering”). The Company previously entered into an agreement with BMO Capital Markets and Scotiabank as joint bookrunners on behalf of a syndicate of underwriters (collectively, the “Underwriters”). The Company has granted the Underwriters an option (the “Over-allotment Option”), exercisable in whole or in part, to purchase up to an additional 990,000 Common Shares for a period of 30 days from and including the closing date of the Offering to cover over-allotments, if any, and for market stabilization purposes. The Underwriters shall be under no obligation whatsoever to exercise the Over-allotment Option in whole or in part. If the Over-allotment Option is exercised in full, the aggregate gross proceeds of the Offering will be approximately C$144 million. The Offering is expected to close on or about October 8, 2025 and is subject to Collective receiving all necessary regulatory approvals.

The Company intends to use the net proceeds from the Offering to fund ongoing work programs to advance the Guayabales Project, to pursue other exploration and development opportunities, and for working capital and general corporate purposes.

The Common Shares will be offered by way of: (i) a prospectus supplement (the “Prospectus Supplement”) to Collective’s short form base shelf prospectus dated December 4, 2023 (the “Base Shelf Prospectus”), which Prospectus Supplement will be filed with the securities commissions and other similar regulatory authorities in each of the provinces and territories of Canada, except Québec and Nunavut, within two business days; (ii) in the United States or to or for the account or benefit of “U.S. persons” as defined by Regulation S under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), by way of private placement pursuant to the exemption from registration provided for under Section 4(a)(2) of U.S. Securities Act and the applicable securities laws of any state of the United States; and (iii) in jurisdictions outside of Canada and the United States as are agreed to by the Company and the Underwriters on a private placement or equivalent basis.

Access to the Prospectus Supplement, the Base Shelf Prospectus and any amendment to such documents is provided in accordance with securities legislation relating to the procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment. The Base Shelf Prospectus is, and the Prospectus Supplement will be (within two business days from the date hereof), accessible on SEDAR+ at www.sedarplus.ca. An electronic or paper copy of the Prospectus Supplement, Base Shelf Prospectus, and any amendment to such documents may be obtained, without charge, by contacting BMO Nesbitt Burns Inc. by mail at Brampton Distribution Centre c/o The Data Group of Companies, 9195 Torbram Road, Brampton, ON, L6S 6H2, by telephone at 905-791-3151 Ext 4312, or by email at [email protected].
The securities being offered have not been, nor will they be, registered under the U.S. Securities Act, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Collective Mining Ltd.
To see our latest corporate presentation and related information, please visit www.collectivemining.com.

Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, Collective is a gold, silver, copper and tungsten exploration company with projects in Caldas, Colombia. The Company has options to acquire 100% interest in two projects located directly within an established mining camp with ten fully permitted and operating mines.

The Company’s flagship project, Guayabales, is anchored by the Apollo system, which hosts the large-scale, bulk-tonnage and high-grade gold-silver-copper-tungsten Apollo system. The Company’s objectives at the Guayabales Project are to expand the newly discovered high-grade Ramp Zone along strike and to depth and drill a series of greenfield generated targets on the property. 

Additionally, the Company has launched its largest drilling campaign in history at the San Antonio Project as it hunts for new discoveries and looks to expand upon the newly discovered porphyry system at the Pound target. The San Antonio Project is located between two to five kilometers east-northeast of the Guayabales Project and could potentially share infrastructure given their close proximity to each other.

Management, insiders, a strategic investor and close family and friends own 44.5% of the outstanding shares of the Company and as a result, are fully aligned with shareholders. The Company is listed on both the NYSE American and TSX under the trading symbol “CNL”.

Investors and Media
Follow Executive Chairman Ari Sussman (@Ariski73) on X

Follow Collective Mining (@CollectiveMini1) on X, (Collective Mining) on LinkedIn, and (@collectivemining) on Instagram

Investors and Media
Paul Begin, Chief Financial Officer
[email protected]
+1 (416) 451-2727

FORWARD-LOOKING STATEMENTS

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities legislation (collectively, “forward-looking statements”). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: filing of the Prospectus Supplement; receipt of all regulatory approvals in connection with the Offering; the completion of the Offering, and the proposed use of the net proceeds therefrom; the anticipated advancement of mineral properties or programs; future operations; future recovery metal recovery rates; future growth potential of Collective; and future development plans.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding future events including final listing mechanics and the direction of our business. Management believes that these assumptions are reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: risks related to the speculative nature of the Company’s business; the Company’s formative stage of development; the Company’s financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; conclusions of future economic evaluations; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, precious and base metals or certain other commodities; fluctuations in currency markets; change in national and local government, legislation, taxation, controls regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formation pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties, as well as those risk factors discussed or referred to in the annual information form of the Company dated March 24, 2025. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and there may be other factors that cause results not to be anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements.

Acquisition Adds 527 Kiosks Across 27 States, Enhancing Bitcoin Depot’s Nationwide Reach and Service Availability

October 02, 2025 09:14 ET

 | Source:

Bitcoin Depot Inc.

ATLANTA, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Bitcoin Depot (“Bitcoin Depot” or the “Company”) (NASDAQ: BTM), a U.S.-based Bitcoin ATM (“BTM”) operator and leading fintech company, today announced the acquisition of the assets of Westcliff Technologies, d/b/a National Bitcoin ATM (“National Bitcoin ATM”), a prominent BTM operator across 27 states. The acquisition adds over 500 kiosks to Bitcoin Depot’s network, further solidifying its leadership as North America’s largest Bitcoin ATM operator and accelerates the Company’s mission to provide accessible, secure, and convenient Bitcoin access to communities nationwide.

“Adding National Bitcoin ATM`s kiosks significantly expands our reach and increases our leadership in cash-to-crypto access,” said Brandon Mintz, CEO of Bitcoin Depot. “This is exactly the kind of transaction that plays to our strengths--integrating a sizable network quickly and operating it more efficiently with our scale, compliance program, and customer support. As the industry matures, we believe our ability to bring fragmented operators under the Bitcoin Depot umbrella will continue to set us apart in the market.”

Bitcoin Depot BTMs allow customers to seamlessly convert cash into Bitcoin which customers can use to access the broader digital financial system for payments, transfers, remittances, and investments. The additional kiosks complement Bitcoin Depot’s ongoing efforts to strengthen and expand its national footprint to bring more people into the crypto ecosystem. This acquisition brings Bitcoin Depot’s U.S. market share to roughly 30%.

For existing National Bitcoin ATM customers, there will be no disruption in service. The kiosks will remain operational as Bitcoin Depot works to integrate them into its broader network, with the same reliable functionality and the added benefits of Bitcoin Depot’s industry-leading customer support, robust compliance program, and continuous investment in technology and services.

“We are excited to be acquired by the leading operator in the Bitcoin ATM industry,” said Luke Hewko. “It has become more difficult to compete in this space as time has gone on due to the resources and expertise needed to operate successfully and we believe Bitcoin Depot is best positioned to succeed in the current environment.”

This acquisition marks the latest in a series of momentum-driving announcements for Bitcoin Depot in 2025, including strategic retail partnerships, asset acquisitions, multiple executive appointments, and a series of BTC treasury updates.

This acquisition had no material impact on the Company’s recently reported third quarter preliminary results.

For more information, visit www.bitcoindepot.com.

About Bitcoin Depot 
Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 47 states and at thousands of name-brand retail locations in 31 states through its BDCheckout product. The Company has the largest market share in North America with over 8,800 kiosk locations as of June 2025. Learn more at www.bitcoindepot.com.

About National Bitcoin ATM
For more than a decade, National Bitcoin ATM has provided customers across the United States with instant access to Bitcoin through its network of kiosks. The company’s mission has been to create a reliable on-ramp and trusted touchpoint to the world’s most equitable financial network. National Bitcoin ATM believes that direct, self-custodial access to Bitcoin is a fundamental right and an essential step toward true financial self-sovereignty.

Cautionary Note Regarding Forward-Looking Statements
This press release and any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward-looking statements are any statements other than statements of historical fact, and include, but are not limited to, statements regarding the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance, including our growth strategy and ability to increase deployment of our products and services, the anticipated effects of the Amendment, and the closing of the Preferred Sale. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. Forward-looking statements are often identified by words such as "anticipate," "appears," "approximately," "believe," "continue," "could," "designed," "effect," "estimate," "evaluate," "expect," "forecast," "goal," "initiative," "intend," "may," "objective," "outlook," "plan," "potential," "priorities," "project," "pursue," "seek," "should," "target," "when," "will," "would," or the negative of any of those words or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control.

These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; our ability to manage future growth; our ability to develop new products and services, bring them to market in a timely manner and make enhancements to our platform; the effects of competition on our future business; our ability to issue equity or equity-linked securities; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors described or referenced in filings with the Securities and Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that we do not presently know or that we currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect our expectations, plans or forecasts of future events and views as of the date of this press release. We anticipate that subsequent events and developments will cause our assessments to change.

We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.

Contacts: 

Investors  
Cody Slach
Gateway Group, Inc.  
949-574-3860  
[email protected] 

Media  
Brenlyn Motlagh, Ryan Deloney  
Gateway Group, Inc. 
949-574-3860  
[email protected] 

Analyst’s Disclosure:I/we have a beneficial long position in the shares of PTY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

The following amendment has been made to the 'Subscription of New Ordinary Shares, Warrant Issue, PDMR Dealings' announcement released on 01 October 2025. The sentence "being the bid price as at close of business on 1 October 2025" has been corrected to "being a 35% discount to the bid price as at close of business on 1 October 2025.

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

The analysis is provided exclusively for informational purposes and should not be considered professional investment advice. Before investing, please conduct personal in-depth research and utmost due diligence, as there are many risks associated with the trade, including capital loss.

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