Market Signal Briefing

The Thai SEC want to open the market up to exchange-traded funds backed by other digital assets outside of the typical Bitcoin ETF that exists in the market.

Summary

Thai SEC is drafting new rules to allow Crypto ETFs beyond Bitcoin, aiming to include more digital assets to attract both local and foreign investors.
By expanding access to more Crypto ETFs, Thai regulators hope to draw in young investors and boost Thailand’s position as a regional crypto hub

According to a recent Bloomberg report, the Thai Securities and Exchange Commission secretary-general Pornanong Budsaratragoon said that the agency and other regulators are in the process of drafting rules to accommodate new Crypto ETFs.

The agency is intent on exploring ETFs backed by digital assets beyond Bitcoin (BTC) to draw in more investor interest in the market. These assets will be offered by local mutual funds and institutions to local and foreign investors.

“Our possibility now is to broaden the criteria for the crypto such as a basket of cryptocurrencies. We want to have broader supply of those crypto assets in the ETFs,” said Pornanong.

This declaration coincides with a boom in Crypto ETFs in the U.S markets. Most recently, October is set to be the “ETF Month” as the SEC is expected to potentially green light at least 16 crypto ETFs, which include funds pegged to Solana (SOL), Ripple (XRP), Litecoin (LTC), Dogecoin (DOGE) and more.

Thai SEC wants to attract young investors with crypto
If Thailand manages to open its markets to more crypto-backed ETFs, it could boost liquidity and exposure for more altcoins in the market. So far, Thai investors are only able gain exposure to crypto assets by buying tokens directly on exchanges or injecting money into overseas funds through a third-party asset management firm.

The move is part of the Southeast Asian region’s efforts to transform Thailand into a crypto hub. One of the recent initiatives include rolling out policies that integrate tokenized products into mainstream investments.

According to Pornanong, the Thai SEC hopes to attract young investors by offering access to Crypto ETFs without limitations. She believes the agency’s main task is to facilitate the demand for Crypto ETFs exposure.

“Some investors, especially young people, prefer to have exposure in cryptocurrencies in their portfolios as a way to diversify,” Pornanong said.

The Thai government has been getting ready to launch a cryptocurrency sandbox for foreign tourists. In July 2025, the program has entered the public hearing stage. The program will be jointly run by the Thai SEC and the central bank. It also has the support of Gulf Binance.

Bitcoin price has registered a strong recovery as trading activity surged and investors turned to digital assets during the U.S. government shutdown. Bitcoin climbed back to $118,473 on Oct. 2, up 3.

Tether, the powerhouse behind the world’s largest stablecoin by trading volume, USDT, has unveiled a strategic plan to expand its presence in the US market, a landscape that has evolved significantly under the Trump administration. 

With the recent enactment of the GENIUS Act, which establishes a new regulatory framework for stablecoins and cryptocurrency firms issuing dollar-pegged cryptocurrencies, Tether is eager to capitalize on these developments.

Tether’s US Market Comeback
In a recent interview with Bloomberg, Tether’s CEO, Paolo Ardoino, reaffirmed the firm’s plans to launch a new token, USAT, designed to comply with US regulations. Central to Tether’s strategy is its partnership with Rumble, a growing video platform with a substantial user base. 

Notably, Tether holds a 48% stake in Rumble, following a notable $775 million investment in the company made in 2024. Ardoino emphasized the significance of Rumble’s 51 million monthly active users, stating, “That is already a huge amount of users if you compare to what the competition has now in the United States.”

The US stablecoin market includes Circle (CRCL), the issuer of the second-largest dollar-pegged cryptocurrency, USD Coin (USDC), and a host of new entrants in the stablecoin arena. 

The Trump administration has prioritized the growth of privately issued stablecoins, particularly through the GENIUS Act, which aims to create a supportive environment for issuers. 

Tether, having faced scrutiny in the past—including a $41 million fine for allegedly misrepresenting its reserves—has recently made a concerted effort to re-establish its foothold in the US market. 

Aiming For $500 Billion Valuation
With a profit of $4.9 billion recorded in the second quarter of the year, Tether has strategically invested its reserves in cash-like assets, including US Treasuries, generating significant interest income. 

The company’s recent ventures also extend into various industries, encompassing artificial intelligence (AI), energy, and commodities. Ardoino outlined that Rumble’s upcoming crypto wallet will play a crucial role not only for USAT but also for Tether’s tokenized gold product.

Rumble’s CEO, Chris Pavlovski, echoed Ardoino’s sentiments, stating that the partnership embodies the principles of free speech and decentralized finance (DeFi). 

“Rumble represents free speech just as Tether’s cryptocurrency and a decentralized internet represent true liberty,” he noted, highlighting the shared vision that unites the two companies.

Additionally, Tether is seeking to raise up to $20 billion for a 3% stake, potentially valuing the company at around $500 billion. Ardoino described this valuation as a bargain, although he did not provide detailed calculations. 

Should this fundraising effort succeed, Tether plans to allocate part of the proceeds towards developing an artificial intelligence platform designed to function on low-cost smartphones in emerging markets, particularly in Africa and South America.

Tether’s CEO also mentioned the creation of an offline, artificial intelligence-powered language translation application as part of this initiative.

The daily chart shows the total crypto market capitalization surging near the $4 trillion mark. Source: TOTAL on TradingView.com
Featured image from DALL-E, chart from TradingView.com 

Nasdaq-listed VivoPower International PLC (NASDAQ: VVPR) has completed a $19 million equity raise through an additional common stock offering at $6.05 per share. The funds will support VivoPower’s digital asset treasury strategy, including acquiring, managing, and holding XRP for the long term.

The move adds credibility to XRP as a digital asset and also shows growing institutional interest. Treasury-focused strategies like this can provide a more stable price floor and support adoption in decentralized finance (DeFi) and other crypto applications.

XRP’s market activity shows gains above 5% on the day, rising market capitalization, and strong trading volume. Short-term momentum is pausing, however, as the MACD has turned bearish and the CRSI sits at neutral levels. 

VivoPower’s treasury strategy could influence XRP adoption beyond price movements. A well-capitalized, publicly traded company holding XRP may attract additional institutional attention and participation in the ecosystem. Analysts note that scaling this strategy could provide clearer support for XRP and signal confidence to both retail and corporate investors.

The latest offering follows VivoPower’s previous Regulation S sale, led by His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud. The offering was conducted under a registration statement on Form F-1 (File No. 333-287060), declared effective by the SEC on May 27, 2025. A final prospectus is available on the SEC website.

VivoPower’s initiative shows how corporate treasuries can actively participate in the crypto ecosystem. By holding XRP and deploying capital strategically, the company aims to support both its treasury and the broader network. It remains to be seen how this approach affects XRP’s price stability, adoption, and institutional credibility.

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Thu, 2/10/2025 - 7:09

Market structure is changing, with BNB overtaking Solana and reaching top 5, rivaling XRP

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.

By easily surpassing Solana and rising to $142.9 billion, Binance Coin has solidly regained its position as one of the leading cryptocurrencies by market capitalization. As BNB consolidates gains above the $1,020 mark, it exhibits resilience, even on a market characterized by cautious sentiment, as evidenced by this dramatic market cap expansion. The growth of BNB highlights its increasing power in comparison to rivals.

After months of fierce competition, BNB has regained its dominance with a clear lead of over $28 billion, while Solana’s market capitalization is $119.4 billion. The fact that BNB is getting closer to XRP’s $176 billion valuation is more significant because it puts it within striking distance of fourth place on the cryptocurrency leaderboard.

BNB/USDT Chart by TradingViewAs far as price performance is concerned, BNB has been rising steadily since mid-September and has recovered well from a brief correction. The token trades above its two main moving averages on the daily chart, the 50 EMA at $905 and the 100 EMA at $841, indicating underlying bullish momentum. There is still potential for more upside because the trading volume is still healthy, and the RSI is just below overbought territory.

HOT Stories

CZ's comeback to thank?CZ’s resurgence in the public eye could be the part of the story driving this rally, which supports Binance’s stability at a time when industry-wide regulatory pressure is still high. Rekindled investor faith in BNB as a key asset is a result of confidence in Binance as an exchange and ongoing ecosystem growth.

Short-term volatility is unavoidable, but the bigger picture indicates that BNB may keep gaining ground in the market capitalization rankings. The top five cryptocurrencies could be rearranged if momentum continues, as the token might soon threaten XRP’s third place.

To sum up, BNB’s $142.9 billion market capitalization milestone puts XRP squarely in the sights of the public while also expanding the gap over Solana. BNB has reestablished itself as one of the most powerful participants in the current crypto cycle, thanks to strong technicals, consistent inflows and a renewed sense of confidence in its ecosystem.

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AVAX, the native token of the Avalanche blockchain, climbed sharply following the announcement of a public listing and major token purchase by Avalanche Treasury.

NEW ORLEANS, Oct. 01, 2025 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until November 18, 2025 to file lead plaintiff applications in a securities class action lawsuit against KBR, Inc. (NYSE: KBR), if they purchased or otherwise acquired the Company’s securities between May 6, 2025 and June 19, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of Texas.

Get Help

KBR investors should visit us at https://www.claimsfiler.com/cases/nyse-kbr-1 or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

KBR and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On June 19, 2025, HomeSafe Alliance (“HomeSafe”), a KBR joint venture in which KBR has a 72% economic interest, disclosed that it received “a notice from the U.S. Department of Defense's Transportation Command (TRANSCOM) terminating the Global Household Goods Contract, which HomeSafe won in 2021 to transform the military move system for the benefit of service members and their families.”

On this news, the price of KBR’s shares fell $3.85 per share, or 7.29%, to close at $48.93 on June 20, 2025. On June 23, 2025, the next trading day, KBR stock fell a further $1.30, or 2.65%, to close at $47.63 on June 23, 2025.

The case is Norrman v. KBR, Inc., et al., No. 25-cv-04464.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

NEW ORLEANS, Oct. 01, 2025 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 28, 2025 to file lead plaintiff applications in a securities class action lawsuit against Dow Inc. (NYSE: DOW), if they purchased the Company’s securities between January 30, 2025 and July 23, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of Michigan.

Get Help

Dow investors should visit us at https://claimsfiler.com/cases/nyse-dow-1/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

Dow and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On July 24, 2025, the Company disclosed a 2Q 2025 non-GAAP loss per share of $0.42, much larger than the approximate $0.17 to $0.18 per share loss expected by analysts, and net sales of $10.1 billion, representing a 7.3% year-over-year decline and missing consensus estimates by $130 million, “reflecting declines in all operating segments” due in part to “the lower-for-longer earnings environment that our industry is facing, amplified by recent trade and tariff uncertainties.” Further, the Company disclosed that it was cutting its dividend in half, from $0.70 per share to only $0.35 per share, citing the need for “financial flexibility amidst a persistently challenging macroeconomic environment.”

On this news, the price of Dow’s shares fell $5.30 per share, or 17.45%, to close at $25.07 per share on July 24, 2025.

The case is Sarti v. Dow Inc., No. 25-cv-12744.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

, /PRNewswire/ -- Sigma Lithium Corporation (TSXV/NASDAQ: SGML, BVMF: S2GM34), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, announces today that it will release its third quarter 2025 earnings results before the market opens on Friday, November 14, 2025.

The Company will hold a conference call to discuss its third quarter 2025 earnings results shortly after, on Friday, November 14, 2025, at 8:30 a.m. EST. Access to the call will be available via webcast. A link to the webcast can be found through Sigma Lithium Corporation's website at https://sigmalithiumcorp.com.

Webcast Details:

Event Title: Sigma Lithium Third Quarter 2025 Earnings Results Call
Event Date: November 14, 2025
Start Time: 8:30 a.m. EST

Attendee URL:

https://mzgroup.zoom.us/webinar/register/WN_wNBpt5llQYyKaJmnZHOWnw

ABOUT SIGMA LITHIUM

Sigma Lithium (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34) is a leading global lithium producer dedicated to powering the next generation of electric vehicle batteries with carbon neutral, socially and environmentally sustainable chemical-grade lithium concentrate.

The Company operates one of the world's largest lithium production sites—the fifth-largest industrial-mineral complex for lithium oxide—at its Grota do Cirilo Operation in Brazil. Sigma Lithium is at the forefront of environmental and social sustainability in the electric vehicle battery materials supply chain, producing Quintuple Zero Green Lithium: net-zero carbon lithium made with zero dirty power, zero potable water, zero toxic chemicals, and zero tailings dams.

Sigma Lithium currently produces 270,000 tonnes of lithium oxide concentrate on an annualized basis (approximately 38,000–40,000 tonnes of LCE) at its state-of-the-art Greentech Industrial Lithium Plant. The Company is now constructing a second plant to double production capacity to 520,000 tonnes of lithium oxide concentrate (approximately 77,000–80,000 tonnes of LCE).

For more information about Sigma Lithium, visit our website 

Sigma Lithium
LinkedIn: Sigma Lithium
Instagram: @sigmalithium
Twitter: @SigmaLithium

FORWARD-LOOKING STATEMENTS

This news release includes certain "forward-looking information" under applicable Canadian and U.S. securities legislation, including but not limited to statements relating to timing and costs related to the general business and operational outlook of the Company, the environmental footprint of tailings and positive ecosystem impact relating thereto, donation and upcycling of tailings, timing and quantities relating to tailings and Green Lithium, achievements and projections relating to the Zero Tailings strategy, achievement of ramp-up volumes, production estimates and the operational status of the Grota do Cirilo Project, and other forward-looking information. All statements that address future plans, activities, events, estimates, expectations or developments that the Company believes, expects or anticipates will or may occur is forward-looking information, including statements regarding the potential development of mineral resources and mineral reserves which may or may not occur. Forward-looking information contained herein is based on certain assumptions regarding, among other things: general economic and political conditions; the stable and supportive legislative, regulatory and community environment in Brazil; demand for lithium, including that such demand is supported by growth in the electric vehicle market; the Company's market position and future financial and operating performance; the Company's estimates of mineral resources and mineral reserves, including whether mineral resources will ever be developed into mineral reserves; and the Company's ability to operate its mineral projects including that the Company will not experience any materials or equipment shortages, any labour or service provider outages or delays or any technical issues. Although management believes that the assumptions and expectations reflected in the forward-looking information are reasonable, there can be no assurance that these assumptions and expectations will prove to be correct. Forward-looking information inherently involves and is subject to risks and uncertainties, including but not limited to that the market prices for lithium may not remain at current levels; and the market for electric vehicles and other large format batteries currently has limited market share and no assurances can be given for the rate at which this market will develop, if at all, which could affect the success of the Company and its ability to develop lithium operations. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the current annual information form of the Company and other public filings available under the Company's profile at  www.sedarplus.com .

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

SOURCE Sigma Lithium Corporation

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Wahi Believes that the Engine Capital-Led Board is not Engaging with Interest from Qualified Potential Acquirers at a Significant Premium While Shareholder Value Continues to be Destroyed

New Board Would Pursue a Mandate to Maximize Value for All Shareholders Through a Sale of the Entire Business

Engine Capital-Led Board has Presided Over an Almost 70% Decline in the Share Price and Led the Company to the Brink of a Debt Default

VANCOUVER, British Columbia, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Ronnie Wahi, Co-Founder, former CFO and board member of Dye & Durham Limited (“Dye & Durham” or the “Company”) (DND: TSX) today announced that he intends to nominate individuals in connection with the Company’s 2025 annual meeting of shareholders (the “Annual Meeting”), and seek to substantially reconstitute Dye & Durham’s board of directors (the “Board”).

Since Engine Capital took control of the Board in December 2024, the Company has pursued a reckless strategy which has caused a severe deterioration of revenue while ramping up spending. The result has been sharp declines in Adjusted EBITDA and cash flow, and surging leverage. Mismanagement is so pervasive that in less than a year the Company has cycled through four different CEOs and three CFOs, defaulted on its debt, faced a management cease trade order for failing to produce its FY2025 financial statements, and then went on to file two Annual Information Forms within 24 hours with materially different debt figures — all of which underscore a clear pattern of failed leadership and oversight.

Over the past several months, Mr. Wahi made repeated and ultimately fruitless attempts to constructively engage with the Board on these critical issues. The Company’s plummeting share price, now below its IPO price, is overwhelming evidence that shareholders have lost faith and are rapidly exiting the stock. The only hope for shareholders to preserve and maximize the remaining value of the business – a full sale of the Company, has been relegated to a rudderless special committee process.

Shockingly, Mr. Wahi understands that Dye & Durham continues to receive interest from qualified buyers at a significant premium to the current share price, refuses to meaningfully engage with them, and may instead be seeking value destructive sales of high growth assets.

The current state of affairs is untenable. Left with no other options, Mr. Wahi intends to nominate highly qualified individuals to reconstitute the Board at the Annual Meeting. Once elected, the new directors will pursue a mandate to maximize value for all shareholders through a sale of the entire business. The new directors will also seek to unwind any asset sales the Company undertakes prior to the reconstitution of the Board.

Mr. Wahi believes that many shareholders share his deep sense of frustration with the Board’s failure to act in the best interests of shareholders and his conviction that only a substantially reconstituted Board can protect shareholders from further value destruction.

Additional Information

The information contained in this news release does not and is not meant to constitute a solicitation of a proxy within the meaning of applicable corporate and securities laws. There is currently no record or meeting date and shareholders are not being asked at this time to execute a proxy in favour of any of Mr. Wahi’s nominees or any other matter to be acted upon at the Annual Meeting. In connection with the Annual Meeting, Mr. Wahi may file a dissident information circular (the “Information Circular”) in due course in compliance with applicable corporate and securities laws.

This news release and any solicitation made by Mr. Wahi in advance of the Annual Meeting is, or will be, as applicable, made by Mr. Wahi and not by or on behalf of the management of the Company. All costs incurred for any solicitation will be borne by Mr. Wahi, provided that, subject to applicable law, Wahi may seek reimbursement from the Company of Mr. Wahi’s out-of-pocket expenses, including proxy solicitation expenses and legal fees, incurred in connection with a successful reconstitution of the Board.

Mr. Wahi is not soliciting proxies in connection with the Annual Meeting at this time, and shareholders are not being asked at this time to execute proxies in favour of any of Mr. Wahi’s nominees (in respect of the Annual Meeting) or any matter to be acted upon at the Annual Meeting. Proxies may be solicited by Mr. Wahi pursuant to an Information Circular sent to shareholders after which solicitations may be made by or on behalf of Mr. Wahi, by mail, telephone, fax, email or other electronic means as well as by newspaper or other media advertising, and in person by directors, officers and employees of Mr. Wahi, who will not be specifically remunerated therefor. Mr. Wahi may also solicit proxies in reliance upon the public broadcast exemption to the solicitation requirements under applicable Canadian corporate and securities laws, conveyed by way of public broadcast, including through press releases, speeches or publications, and by any other manner permitted under applicable corporate and securities laws. Mr. Wahi may engage the services of one or more agents and authorize other persons to assist in soliciting proxies on behalf of Mr. Wahi.

Disclaimer for Forward-Looking Information

Certain information in this news release may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking statements and information generally can be identified by the use of forward-looking terminology such as, but not limited to, “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “plans,” “continue,” or similar expressions suggesting future outcomes or events. Forward-looking information in this news release may include, but is not limited to, statements of Mr. Wahi regarding (i) how Mr. Wahi intends to exercise its legal rights as a shareholder of the Company, and (ii) his plans to make changes at the Board of the Company.

Although Mr. Wahi believes that the expectations reflected in any such forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, the risks that (i) the Company may use tactics to thwart the rights of Mr. Wahi as a shareholder and (ii) the actions being proposed and the changes being demanded by Mr. Wahi, may not take place for any reason whatsoever. Except as required by law, Mr. Wahi does not intend to update these forward-looking statements.

Contact

Ronnie Wahi
[email protected]

Key Takeaways Stifel's total client assets hit $532.7M in August, up 8.9% Y/Y and 1.9% sequentially.Fee-based assets climbed 14% Y/Y to $213.6M, led by strong Private Client Group growth.Bank loans rose 6.5% Y/Y, while client money market balances fell 4% from last year.
Stifel Financial Corp. (SF - Free Report) reported key operating results for August 2025, highlighting record levels of total client and fee-based assets. Total client assets grew 8.9% year over year and 1.9% sequentially to $532.7 million. The uptick was supported by strong financial advisor recruiting and favorable equity market performance.

Fee-based client assets increased 14% from the year-ago period and 2.2% month over month, reaching $213.6 million. Within this, Private Client Group’s fee-based assets totaled $186.7 million, reflecting a 13.9% year-over-year jump and a 2.2% sequential rise.

Bank loans, net (including loans held for sale), were $21.6 million, up 6.5% from the prior-year level. Meanwhile, client money market and insured product balances fell 4% year over year and nearly 1% sequentially, largely due to lower Smart Rate balances.

The company has been witnessing steady growth in client assets and fee-based client assets over the past few years. Total client assets and fee-based client assets have grown at a five-year compound annual growth rate (CAGR) of 8.8% and 10.5%, respectively, as of the end of 2024.

Going forward, with an expanding advisor base and continued gains in fee-based flows, Stifel appears well-positioned to sustain growth through the second half of 2025, assuming markets remain favorable.

Performance of Other Finance FirmsStifel’s peers, such as Charles Schwab Corp. (SCHW - Free Report) and Interactive Brokers (IBKR - Free Report) , have also been experiencing strong client activity and asset growth.

Charles Schwab’s total client assets were $11.23 trillion in August 2025, up 15.3% year over year and 2.4% from July. Core net new assets rose 35.4% year over year to $44.4 billion, though down 5.3% sequentially. Advisory assets totaled $5.66 trillion, representing 14.8% growth from the prior year. Over the past five years (ending 2024), Schwab’s client assets recorded an impressive CAGR of 20.1%, driven by strategic acquisitions and market appreciation.

Interactive Brokers reported 3.49 million Daily Average Revenue Trades (DARTs) in August 2025, rising 29% year over year despite a marginal sequential decline. Total customer accounts increased 32% year over year to 4.05 million, driven by global expansion, innovative product launches and rising investor participation. The CAGR of client DARTs of Interactive Brokers stands at 10.3% over the last five years (2019–2024), with momentum continuing in the first half of 2025.

Alphabet's Google said hackers are sending extortion emails to an unspecified number of executives, claiming to have stolen sensitive data from their Oracle business applications.

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.

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.

Funding to Support Commercial Launch of Flagship 14 Day Holter-Event GEMS Software Platform
October 01, 2025 11:55 PM EDT | Source: CardioComm Solutions, Inc.
Toronto, Ontario--(Newsfile Corp. - October 1, 2025) - CardioComm Solutions, Inc. (TSXV: EKG) ("CardioComm" or the "Company"), a global medical provider of consumer heart monitoring and medical electrocardiogram ("ECG") software solutions, announces that it has entered into a royalty-based financing arrangement (the "Royalty Agreement") with current debt lenders to the Company (the "Lenders") in order secure new capital required to complete and commercialize the Company's new flagship GEMS FLEX and 14 day Holter and Event long term continuous monitoring ("LTCM") ECG software platform (the "Flagship Product"). The Royalty Agreement will also assist the Company in assuming all existing, interest-bearing loans.

The Flagship Product is expected to become CardioComm's principal offering and major source of revenue, providing healthcare professionals and patients with advanced remote monitoring capabilities, structured user feedback tools, and comprehensive customer support and installation services. This financing transaction will enable the Company to:

Finalize the Flagship Product for a full market-ready release;Conduct structured user feedback reviews to refine usability and performance;Launch and market the Flagship Product to targeted healthcare markets; andProvide post-launch customer support and installation services.The Royalty Arrangement

The Royalty Agreement, dated as of October 1, 2025, is valued at $1,036,958.49 and involves three principals, each of which is a "Lender" under the Royalty Agreement:

Xemxija Holdings Inc. ("Xemxija", a company controlled by Daniel Grima, a director of CardioComm), Etienne Grima ("Etienne", a director and CEO of CardioComm); and ITF Ventures Inc. ("ITF", a company controlled by Daniel Grima and Etienne).The Royalty Agreement will provide $432,000 in new capital, with $350,000 from Xemxija and $82,000 from ITF. Important to the Company will be the conversion of interest-bearing debt from two current loans held by Xemxija and Etienne (see the Company's news release dated September 26, 2025 respecting this existing loan with Etienne) worth $524,958.49 and $80,000 respectively.

The Lenders will receive royalties (the "Royalty") from Company profits following the launch of the Flagship Product, aligning the interests of the Lenders with the success of the Company's product launch, market adoption and revenue growth. The Royalty will be issued based on the Company's quarterly and annual financial disclosures with payment occurring at the end of each third financial quarter beginning September 30, 2026. The aggregate Royalty amount will be calculated as 33% of the annualized gross revenue earned and collected for the preceding 12 month, minus $700,000. Lenders will be paid pro rata, based on their loan amounts. If the Royalty amount calculated for any period is a negative amount, then the Royalty for that period will be deemed to be nil.

The obligation to pay the Royalty will terminate, and the Loans will be deemed to be repaid in full, if the Company makes Royalty payments to the Lenders on or before October 1, 2031 which total, in the aggregate, 200% of the aggregate loan amounts (the "5 Year Repayment"). The Company may at any time after October 1, 2026, and from time to time, at its sole discretion, and without penalty, make extra Royalty payments to the Lenders. If the Company does not fulfill the 5 Year Repayment on or before October 1, 2031, then the Royalty amount will increase to 300% of the aggregate loan amounts. When the Company has paid the Lenders the Royalty amount in full, and the Loans will be deemed repaid.

As consideration for providing the loans to the Company, the Company has agreed to issue to the Lenders an aggregate of 829,566 common shares of the Company (each, a "Bonus Share"; 699,966 Bonus Shares to Xemxija, 65,600 Bonus Shares to ITF, and 64,000 Bonus Shares to Etienne) and an aggregate of 16,591,335 common share purchase warrants of the Company (each, a "Bonus Warrant"; 13,999,335 Bonus Warrants to Xemxija, 1,312,000 Bonus Warrants to ITF, and 1,280,000 Bonus Warrants to Etienne). Each Bonus Warrant will be exercisable to acquire one Company common share at an exercise price of $0.05 until October 1, 2030. When issued, the Bonus Shares, the Bonus Warrants and the shares issuable on exercise of the Bonus Warrants will be subject to a hold period of four months and one day in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

As security for the obligations of the Company under the Financing Agreement, the Company has granted a security interest to the Lenders in all present and after-acquired personal property of the Company. The Company has entered into a general security agreement with each Lender, and the Company and the Lenders have also executed an inter-lender agreement dated as of October 1, 2025.

The financing transaction, including issuance of the Bonus Shares and Bonus Warrants, is subject to the approval of the TSX Venture Exchange. There is no material fact or material change respecting the Company that has not been generally disclosed.

Related Party Transaction and MI 61-101 Compliance

As the Lenders are insiders of the Company, the transaction constitutes a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The transaction is exempt from the formal valuation requirement because the Company's securities are not listed on any of the markets specified in section 5.5(b) of MI 61-101. The transaction is exempt from the minority shareholder approval requirement pursuant to section 5.7(e) of MI 61-101, on the basis that the Company is experiencing financial hardship due to the added costs required to bring its Flagship Product to market. The board of directors, acting in good faith and with the unanimous approval of all independent directors, has determined that: (1) the Company will experience serious financial difficulty in relation to its 2026 product commercialization schedule and efforts; (2) the transaction is designed to improve the Company's financial position and support its Flagship Product market launch; (3) the transaction is not subject to court approval under bankruptcy, insolvency or corporate law; and (4) the terms of the transaction are reasonable in the circumstances.

Statement of Financial Position

CardioComm emphasizes that while it faces financial constraints associated with the development and commercialization of its Flagship Product, it is not subject to insolvency proceedings and remains confident in its ability to achieve revenue generation upon launch. The financing transaction reflects the Lenders' continued confidence in the Company's business strategy and their commitment to ensuring the successful introduction of this transformational software platform to the marketplace.

To learn more about CardioComm's products and for further updates please visit the Company's websites at www.cardiocommsolutions.com and www.theheartcheck.com.

About CardioComm Solutions

CardioComm Solutions' patented and proprietary technology is used in products for recording, viewing, analyzing and storing electrocardiograms for diagnosis and management of cardiac patients. Products are sold worldwide through a combination of an external distribution network and a North American-based sales team. CardioComm Solutions has earned the ISO 13485 and ISO 27001 certifications, is HIPAA compliant and holds medical device clearances and sales licenses from the USA (FDA) and Canada (Health Canada).

Forward-looking statements

This release may contain certain forward-looking statements and forward-looking information with respect to the financial condition, results of operations and business of CardioComm Solutions and certain of the plans and objectives of CardioComm Solutions with respect to these items. Such statements and information reflect management's current beliefs and are based on information currently available to management. By their nature, forward-looking statements and forward-looking information involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements and forward-looking information.

In evaluating these statements, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not assume any obligation to update the forward-looking statements and forward-looking information contained in this release other than as required by applicable laws, including without limitation, Section 5.8(2) of National Instrument 51-102 (Continuous Disclosure Obligations).

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268852

TOKYO--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced that it has acquired the shares of Gateway Computer Corporation (hereinafter “Gateway Computer”), an IT solutions and services provider based in Japan. With over 40 years in operation, Gateway Computer has established strong capabilities and experience in serving non-Japanese customers, offering high value-added products and services from its multi-vendor linecard that encompasses both domestic and international manufacturers.

Gateway Computer’s bilingual workforce of over 80 co-workers is expected to complement TD SYNNEX’s operations in Japan, further strengthening its ability to handle global projects centred on the Japanese market. TD SYNNEX’s global footprint and vendor relationships will enable Gateway Computer to expand its business and market presence and will strengthen its ability to deliver unparalleled specialized support to their partners and customers.

“We are excited to welcome Gateway Computer and its highly skilled team into the TD SYNNEX family and for the new opportunities in our shared journey ahead. This share acquisition enables both companies to leverage our collective strengths to deliver higher value for our domestic, as well as international vendors, partners, and customers in Japan,” shared Shigetaka Kunimochi, President of TD SYNNEX Japan.

As a group company of TD SYNNEX Japan, Gateway Computer will continue to function as a separate organization. Hidekazu Hayashi, President of Gateway Computer Corporate, will continue to lead the business and will report to Shigetaka Kunimochi, President of TD SYNNEX Japan.

About TD SYNNEX Corporation

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We are an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX’s 23,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 2,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit www.TDSYNNEX.com, follow our newsroom or follow us on LinkedIn, Facebook and Instagram.

Copyright 2025 TD SYNNEX Corporation. All rights reserved. TD SYNNEX, the TD SYNNEX Logo, and all other TD SYNNEX company, product and services names and slogans are trademarks of TD SYNNEX Corporation. Other names and trademarks are the property of their respective owners.

Safe Harbor Statement

This press release contains "forward-looking statements" as defined in Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. Actual results may differ significantly from those expressed or implied by the forward-looking statements due to known or unknown risks, uncertainties, or other factors. The "forward-looking statements" in this press release are based on information available as of the date of this press release and are not obligated to be updated or revised to reflect future events or circumstances.

By

Kwan Wei Kevin Tan

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BYD said in an exchange filing on Wednesday that it sold 396,270 cars in September, a 5.5% decline from a year earlier.

Aleksander Kalka/NurPhoto via Getty Images

2025-10-02T04:10:00Z

China's top automaker BYD posted its first sales drop in over 18 months.
BYD sold 396,270 cars in September, a 5.5% decline from a year earlier.
BYD said in August that its "short-term profitability" was being weighed down by discounting.

Tesla's biggest rival in China, BYD, saw its sales slip for the first time in over 18 months amid China's bruising EV price wars.

The Chinese automaker said in an exchange filing on Wednesday that it sold 396,270 cars in September, a 5.5% decline from the 419,426 cars it sold a year earlier.

The last time BYD saw a sales drop was in February 2024. That month, BYD sold 122,311 cars, a nearly 37% drop from the 193,655 cars it sold in February 2023.

BYD did not respond to a request for comment from Business Insider.

China's EV market has been caught in the throes of a brutal price war. Some 100 brands, including Elon Musk's EV company Tesla, have been locked in an intense competition for a slice of the world's largest auto market.

In April 2024, Tesla announced that it was slashing the prices of its Model 3, S, X, and Y by 14,000 yuan, or about $1,930 each. Musk said at the time that Tesla's "prices must change frequently to match production with demand."

"Other cars change prices constantly and often by wide margins via dealer markups and manufacturer/dealer incentives," he wrote in an X post on April 21, 2024.

However, price cuts haven't helped Tesla ward off its Chinese rivals. The company's annual sales declined for the first time in over a decade after it delivered 1.79 million vehicles in 2024, a 1% drop from the 1.81 million vehicles it delivered in 2023.

In December, Xpeng founder and CEO He Xiaopeng said in an internal letter that the automotive industry will face an "elimination round" from 2025 to 2027.

Earlier, He said in an interview with Singaporean newspaper The Straits Times published in November that most Chinese automakers won't survive the next decade.

"I personally think that there will only be seven major car companies that will exist in the coming 10 years," He said, though he did not give the names of the seven companies.

BYD said in its earnings report in August that its "short-term profitability" had been pulled down by "industry malpractices" such as "excessive marketing" and discounting. The company's net profits in the second quarter of 2025 had fallen 30% from a year earlier.

BYD's shares are up nearly 27% year to date.

Read next

Blackbird plc (OTCPK:BBRDF) Q2 2025 Earnings Call October 1, 2025 6:00 AM EDT

Company Participants

Ian McDonough - CEO & Executive Chair
Sumit Rai - Chief Product Officer
Stephen White - Chief Operating & Financial Officer and Director
Stephen Streater - Founder, Director of Research & Development and Executive Director

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to the Blackbird plc interim results investor presentation. [Operator Instructions]

Before we begin, we would just like to submit the following poll. And if you could give that your kind attention, I'm sure the company would be most grateful.

And I would now like to hand you over to the team from Blackbird plc. Ian, good morning, sir.

Ian McDonough
CEO & Executive Chair

Good morning. And ladies and gentlemen, thank you very much for joining this morning for Blackbird plc's interim results presentation. Today, we're going to take you through a lot of information. We're going to take you through product strategy, marketing strategy, talking to our early metrics and talk about what happens next. And of course, as always, have an extensive Q&A session.

Before we start, I want to talk about one particular thing, which is where we are in the journey. We are on product market fit stage, and we've talked about this when we came in June and also back earlier in March. In our product market fit stage, we are learning. We are delivering features, still very basic features, actually, and we're learning from that data. We are not in our scale-up phase at the present time. Our product market fit stage is going to run into 2026 and it's at that point, that we will move into our scale-up phase.

What's interesting about the product market fit phase from our perspective and from your perspective is

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October 02, 2025 01:00 ET

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Nokia Oyj

Nokia Corporation
Stock Exchange Release
2 October 2025 at 08:00 EEST

Nokia Board of Directors resolved on issuing shares to the company and on a subsequent directed issuance under Nokia Equity Programs

Espoo, Finland – Nokia’s Board of Directors has resolved to issue 120 000 000 new shares in a directed share issuance without consideration to Nokia Corporation to be later used to fulfil the company’s obligations under its equity plans that vest in 2025, 2026 and in 2027.

Nokia expects that the shares are registered with the Finnish Trade Register on or about 2 October 2025 and entered in the book-entry system maintained by Euroclear Finland Ltd on or about 2 October 2025. The total number of Nokia shares following the registration will equal 5 575 850 345. The new shares are expected to commence trading on Nasdaq Helsinki as of 3 October 2025, and on Euronext Paris as of 6 October 2025, together with other Nokia shares (NOKIA). Euronext Paris will publish a separate notice announcing the admission of the new shares to trading on Euronext Paris.

Additionally, the Board of Directors has resolved on a directed issuance of a maximum number of 120 000 000 Nokia shares (NOKIA) held by Nokia Corporation, as a result of the above-mentioned issuance to itself, to settle its commitments under the Employee Share Purchase Plan 2024–2026 and various Restricted and Performance Share awards granted under the Nokia Long-Term Incentive Plan 2021–2023 and Nokia Long-Term Incentive Plan 2024–2026, in respect of shares to be delivered to plan participants during the years 2025, 2026 and 2027. The shares may also be used to settle Nokia’s obligations to deliver shares during the years 2025, 2026 and 2027 in connection with awards granted under Infinera Corporation’s 2016 Equity Incentive Plan, assumed by Nokia Corporation. The shares are issued without consideration. Each share delivery shall be published separately by a stock exchange release.

Both resolutions to issue shares are based on the authorization granted to the Board of Directors by the Annual General Meeting on 29 April 2025.

About Nokia
At Nokia, we create technology that helps the world act together.

As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

Inquiries:

Nokia Communications
Phone: +358 10 448 4900
Email: [email protected]
Maria Vaismaa, Global Head of External Communications

Nokia
Investor Relations
Phone: +358 931 580 507
Email: [email protected]

Forward-looking statements
Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia's current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, projects, programs, product launches, growth management, licenses, sustainability and other ESG targets, operational key performance indicators and decisions on market exits; B) expectations, plans or benefits related to future performance of our businesses (including the expected impact, timing and duration of potential global pandemics, geopolitical conflicts and the general or regional macroeconomic conditions on our businesses, our supply chain, the timing of market changes or turning points in demand and our customers’ businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, income, margins, cash flows, cost savings, the timing of receivables, operating expenses, provisions, impairments, tariffs, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions, competitiveness, value creation, revenue generation in any specific region, and licensing income and payments; D) ability to execute, expectations, plans or benefits related to transactions, investments and changes in organizational structure and operating model; E) impact on revenue with respect to litigation/renewal discussions; and F) any statements preceded by or including "anticipate", “continue”, “believe”, “envisage”, “expect”, “aim”, “will”, “target”, “may”, “would”, “could“, "see", “plan”, “ensure” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management’s best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties identified in our 2024 annual report on Form 20-F published on 13 March 2025 under Operating and financial review and prospects-Risk factors.

Sui's synthetic dollar aims to expand stablecoin utility through DeFi partnerships and on-chain income generation.

Key Takeaways

Sui has introduced suiUSDe, a synthetic dollar stablecoin, on its blockchain.
suiUSDe will be backed by digital assets paired with short futures positions, instead of traditional fiat reserves.

Sui, a layer 1 blockchain focused on high-performance DeFi applications, announced the upcoming launch of suiUSDe, a native synthetic dollar token backed by digital assets, in partnership with Ethena, the issuer of USDe.

The upcoming suiUSDe will function as a Sui-native income-generating asset powered by Ethena’s infrastructure. Its backing mechanism combines digital assets with corresponding short futures positions to generate yield without relying on traditional fiat reserves.

Revenue generated from suiUSDe will be directed toward purchasing additional SUI tokens, reinforcing the ecosystem through coordinated buybacks by the Sui Foundation and SUI Group.

Disclaimer

Ethereum price started a steady increase above $4,320. ETH is now consolidating and might aim for more gains if it clears the $4,400 resistance.

Ethereum remained stable above $4,250 and started a recovery wave.
The price is trading above $4,320 and the 100-hourly Simple Moving Average.
There was a break above a key contracting triangle with resistance at $4,180 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move up if it settles above $4,400 and $4,420.

Ethereum Price Gains Over 5%
Ethereum price remained supported above the $4,120 level and started a fresh increase, like Bitcoin. ETH price was able to climb above the $4,250 and $4,320 resistance levels.

Besides, there was a break above a key contracting triangle with resistance at $4,180 on the hourly chart of ETH/USD. The price even spiked toward $4,400 and might continue to rise. A high is formed at $4,400 and the price is still stable above the 23.6% Fib retracement level of the recent upward move from the $4,093 swing low to the $4,400 high.

Ethereum price is now trading above $4,350 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,400 level. The next key resistance is near the $4,420 level.

Source: ETHUSD on TradingView.com
The first major resistance is near the $4,500 level. A clear move above the $4,500 resistance might send the price toward the $4,550 resistance. An upside break above the $4,650 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,720 resistance zone or even $4,800 in the near term.

Another Decline In ETH?
If Ethereum fails to clear the $4,400 resistance, it could start a fresh decline. Initial support on the downside is near the $4,320 level. The first major support sits near the $4,250 zone.

A clear move below the $4,250 support might push the price toward the $4,200 support. Any more losses might send the price toward the $4,120 region in the near term. The next key support sits at $4,050.

Technical Indicators

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

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

Major Support Level – $4,320

Major Resistance Level – $4,400

XRP is trading just under $3 after recovering from its recent pullback. On the weekly chart, the token still carries a bearish divergence that first appeared in July near $3.40. That pattern has weighed on the price for several months. Even so, the market has now stabilized, with strong support holding between $2.70 and $2.80.

Support and Resistance Levels

The $2.70–$2.80 area has proven critical. Each time XRP has tested this zone, buyers have stepped in, preventing deeper losses. The token is now challenging resistance near $2.93 to $2.94. If momentum continues, the next target is the $3 mark, followed by a stronger resistance band at $3.10 to $3.15. Beyond that, the $3.30 to $3.35 region shows the next key ceiling where sellers have historically defended.

Role of Bitcoin and Market Conditions

XRP’s path will depend heavily on Bitcoin’s trend. If Bitcoin holds above $118,000 and confirms strength, analysts see higher odds of XRP advancing toward these upper resistance zones. However, if Bitcoin dominance rises at the same time, altcoins such as XRP may lag behind the market leader. A breakout in Bitcoin often sparks wider momentum, but capital rotation patterns determine whether XRP can outperform.

Outlook

For now, XRP’s bullish case rests on keeping support intact and clearing the $3 resistance. A confirmed move through $3.15 would open the door to a run toward $3.30 and higher.As long as Bitcoin continues to build strength, XRP is likely to maintain its recovery and may test fresh highs into Q4.

At the time of writing, XRP is trading at $2.97 and is up by more than 5.5% in the last 24 hours.

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Crypto markets have surged over the past day, culminating in a seven-week high for Bitcoin as the historically bullish month of October begins. 

Bitcoin (BTC) prices have skyrocketed 4% over the past 24 hours, with the world’s leading digital asset hitting $119,450 on Coinbase in early trading on Thursday, according to TradingView.

This is the highest price Bitcoin has reached since Aug. 14, seven weeks ago, when it started correcting from its all-time high.

Bitcoin has now cleared resistance at $117,500, but faces a little more at the $120,000 level. A break above this level would clear the way for new peak prices, but it has cooled slightly, retreating to $118,947 at the time of writing.

The big move has pulled total market capitalization up 3.5% to $4.16 trillion and renewed sentiment and optimism for a bullish month of ‘Uptober.’ The move has also pushed Bitcoin’s market cap of $2.37 trillion above that of Amazon, according to CompaniesMarketCap. 

October is Bitcoin’s most bullish month of the year, historically, with gains in ten of the past twelve Octobers, according to CoinGlass. 

BTC taps a seven-week high on Coinbase. Source: TradingviewLabor market weakness leads to rate cutsUS job openings increased marginally in August while hiring declined, according to data released this week by the Bureau of Labor Statistics. 

This has perpetuated labor market woes, which could prompt the Federal Reserve to cut interest rates again later this month, a development that is bullish for high-risk asset classes, such as crypto.

“I think front and center, its to do with the weak ADP employment report, which followed a softer consumer confidence print earlier this week, where the labour market differentials declined,” IG market analyst Tony Sycamore told Cointelegraph. 

He added that this suggests the unemployment will likely rise from 4.3% to 4.4% in September, “guaranteeing more Fed rate cuts.”

“As traditional economic indicators weaken, Bitcoin’s rally past $118,000 demonstrates its increasing sensitivity to monetary policy outlooks and its appeal as a hedge against economic uncertainty,” said Nick Ruck, director at LVRG Research.

CME futures prediction markets now show a 99% probability of a 0.25% rate cut at the Fed’s next meeting on Oct. 29, up from a 96.2% probability on Monday.

Altcoins are also on fireBitcoin is leading the market higher, but Ether (ETH) has also made more than 5% on the day, pushing prices up to $4,390, its highest level since Sept. 22.

Other altcoins seeing even higher gains at the moment include Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Chainlink (LINK), and Hyperliquid (HYPE), all gaining more than 6% on the day.

October 1st hits.

Bitcoin rips.

Tick, tock.

Next block.

— Anthony Pompliano 🌪 (@APompliano) October 2, 2025
Magazine: Quitting Trump’s top crypto job wasn’t easy: Bo Hines

XRP (CRYPTO: XRP) gained momentum on Wednesday amid a broader cryptocurrency market rally.

XRP Wipes Away LossesThe third-largest cryptocurrency by market capitalization popped over 5% in the last 24 hours, while its trading volume jumped 36.65% to $6.63 billion.

The latest spike erased recent downsides, sending XRP 2.53% higher over the course of a week.

Meanwhile, XRP's open interest spiked 6.73% to $7.93 billion in the last 24 hours, according to Coinglass. More than three in four Binance traders with open XRP positions were long as of this writing.

See Also: Ripple (XRP) Price Prediction: 2025, 2026, 2030

Bullish Impact From Whales?Large investors amped up their accumulation game. Widely followed cryptocurrency analyst Ali Martinez highlighted that whales bought 250 million XRPs, worth $742.50 million, over the last 48 hours.

Price Action: At the time of writing, XRP was exchanging hands at $2.97, up 5.50% in the last 24 hours, according to data from Benzinga Pro.

Read Next: 

Bitcoin Explodes To $117,000 As ETH, XRP Rally On First Day Of ‘Uptober’
Photo: Stanslavs on Shutterstock.com

Market News and Data brought to you by Benzinga APIs

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

TLDR:

Ethena Labs will launch suiUSDe and USDi on Sui Network in Q4, offering native digital dollars to power DeFi and payments.
suiUSDe will be backed by USDe with delta-hedged SUI, while USDi will be fully collateralized by USDtb linked to BlackRock BUIDL.
Ethena’s Whitelabel service enables fast deployment of dollar assets on top-performing chains, wallets, and applications with user reach.
The Sui partnership extends Ethena’s distribution channels after deals with MegaETH and other top-tier networks in its stablecoin program.

Dollar-backed assets are about to expand on Sui. Ethena Labs has confirmed new digital dollar products will debut on the blockchain in Q4. The stablecoin issuer announced it will release suiUSDe and USDi through its Stablecoin-as-a-Service stack. 

Both assets are designed to give Sui a stronger base for DeFi activity and payments. The move follows a series of collaborations aimed at embedding Ethena deeper into leading blockchain ecosystems.

Ethena Labs to Launch suiUSDe and USDi on Sui Network
Ethena Labs said suiUSDe will be a native version of its USDe product on Sui. It will be backed by USDe itself, while delta-hedged SUI may be added to the collateral pool subject to governance decisions. The second product, USDi, will be fully backed by USDtb. 

According to the announcement, USDtb is already linked to BlackRock’s tokenized fund, BUIDL, giving the new coin institutional-grade support.

The company emphasized that both stablecoins are designed to return value directly to the Sui ecosystem. By offering native digital dollars, Ethena aims to accelerate liquidity, payments, and application growth on the network. 

The team said the strategy mirrors its broader effort to distribute USDe and USDtb across multiple ecosystems. 

Introducing suiUSDe and USDi: two native dollar assets for the $30b+ @SuiNetwork built on our Stablecoin-as-a-Service stack.

These products will power DeFi and payments on Sui, while embedding Ethena directly within one of the fastest growing networks on earth.

Both suiUSDe &… pic.twitter.com/I4ptM6lcRw

— Ethena Labs (@ethena_labs) October 1, 2025

Sui Stablecoin Expansion and Crypto Market Integration
Ethena Labs described the launches as part of its Whitelabel stablecoin program. The initiative allows networks, wallets, and consumer-facing applications to roll out their own digital dollars without building the infrastructure from scratch. 

The company claimed it is the only issuer running a Stablecoin-as-a-Service product line at a $15 billion scale. That scale gives its partners immediate access to liquidity and distribution across both DeFi and CeFi markets.

Sui becomes the latest chain to join Ethena’s network. MegaETH has already partnered with the company, and other integrations are expected soon. 

By using Ethena’s system, chains can design dollar assets tailored to their user base while relying on Ethena’s existing backing and risk management. The company stated that this reduces friction and allows rapid expansion of stablecoin liquidity.

For Sui, the move brings two assets at once. suiUSDe creates a version of USDe embedded directly into Sui’s environment. USDi links Sui users to collateral backed by BlackRock’s tokenized fund through USDtb. 

Together, they form a dual approach: one tied to Ethena’s existing stablecoin and the other directly connected to tokenized treasuries.

The partnership reflects a broader trend of stablecoin issuers pushing for deeper ties with fast-growing networks. By integrating with Sui, Ethena not only broadens its distribution but also positions its assets in an ecosystem that has grown rapidly in value. 

The company expects both suiUSDe and USDi to become critical pieces of liquidity for Sui’s DeFi markets once they launch later this year.

Timothy Morano
Oct 02, 2025 03:29

SK Planet plans to purchase MOCA Coin to integrate Moca Network's decentralized identity infrastructure, enhancing data privacy and verification for its users and partners.

SK Planet, a major South Korean tech company, has announced its intention to purchase MOCA Coin (MOCA) on the open market. This move is part of its strategy to adopt Moca Network’s decentralized identity infrastructure, according to Animoca Brands, the creator of Moca Network. This acquisition aligns with SK Planet's goal to enhance its digital identity capabilities using Moca Network’s enterprise-grade solutions.

Integration with Moca Network
Moca Network is renowned for building a chain-agnostic decentralized digital identity network, which enables credential issuance and verification. By purchasing MOCA Coin, SK Planet aims to integrate Moca Network's AIR Account and AIR Identity systems across its ecosystem. This will introduce zero-knowledge proof technology and decentralized identity verification to SK Planet's 28 million users, ensuring higher standards for user data ownership and interoperability.

Benefits for Users and Partners
The integration will allow SK Planet’s 95,000 merchant partners to verify user data with explicit user permission, keeping data ownership under user control. Additionally, data generated on SK Planet’s platform will be verifiable by other AIR Kit partners, promoting privacy-preserved data interoperability.

Kyosu Kim, SK Planet's chief business officer, highlighted the strategic importance of this partnership, stating that it will expand the benefits of SK Planet's OKI Club and reward users with MOCA Coin, while enhancing data control. Kenneth Shek, the project lead at Moca Network, emphasized the significance of SK Planet's move as a milestone in promoting decentralized identity at an enterprise scale.

Future Developments
Following the successful launch of OKI Club integrated with AIR Wallet in February 2025, SK Planet plans to further incorporate Moca Network’s AIR Identity into its services. This integration will allow users to verify their identity and earn rewards from multiple platforms, utilizing wallet features such as token swaps and staking.

For more information, visit the official Animoca Brands website.

Image source: Shutterstock

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